BTC long no more to say Ascending triangle on weekly chart,
Confirming with Fibonacci extension
target is 110 000$ for mid-February
KEEP IT SIMPLE
Wait and see
BTCUSDC.P trade ideas
Ascending Channel on STF for BTCBTC is within an ascending channel on the STF
Breakout to the upside is possible with the overall HTF downtrend, a break to the downside more likely
DOWNSIDE TARGET = 50,500
UPSIDE TARGET = 52,500
Let me know your views and feedback in the comments!
BTC Short term bearish scenario with major recovery in February?While this may be an unpopular perspective, I wanted to present a potential bearish scenario where BTC continues to follow the same path of the May/June 2021 downturn, reaches a point of maxx pain @ US$40k by end of January 2022 and then exacts a strong recovery back to ATH post March 2022.
Reviewing the last time we had a major dip from an ATH in May 2022, and using the same fractal, we could see further choppy price action down towards the 50w EMA, which would turn into support by end of Jan 2022, and this would reach a price of around US$40k as a very worst case (maxx pain) scenario with heavy support, since historically (according to Benjamin Cowen - Into the Cryptoverse analysis) we have never gone below a prior price at which the Bull Market Support Band held, like in September/October 2021.
Expecting a nice bounce from US$40k back to the US$53k level, we would then likely need a few attempts to break the US$53k level, after which US$64-65k would be the next price target (60% increase from the US$40k level) or we may even continue to push through that to a new ATH.
While this is extremely conservative and things are looking quite bullish today, for those who are concerned about continued downside risk, at least this hopefully represents a not too scary maxx pain possible worst case scenario from which, if it plays out, we would make a strong recovery into 2Q 2022.
BTC bearish breakdown to 44,500 at 50 week EMA?-BTC is now on a bearish breakdown from the short time frame wedge structure
-Downside target price based on wedge height is US$43-44k
-US$44.5k is the intersect of the 50w EMA so likely to be strong support
-Look for a wick down to US$43-44k and then for price to settle at US$44.5k
-If this level is not held, then the potential further downside risk is into the low 30s, so risk manage accordingly!
btcusd bitcoin retest completed, ignitionTrend line break out retest completed.
Ignition.
ATH 72000 next months
BTCUSD Correction is still in playAs you can see from BTC daily chart, now the BTC price is still in the correction stage.
We may see the next move up coming soon....wait for it !!!
moonWe are expected to have a growing movement. Moving average movements clearly represent this ascending trendline
Ascending wedge $BTC - dump to 52.5k?Typical rising wedge pattern
Downside target of 52.5k / 53k
If breaks to the upside we are looking at 56.6/57k
I am waiting to see BTC FALLS to $50KMaybe, I am a pessimist. I always see BTC is FALLING :D
I my last idea about BTC, when it is Rising from $62K, I see BTC backs to Fibonacci 0.5 at to $53,300? Even lower?
Now, when BTC touches Fibo level 1 ($57,775) and rising a little again in 2 days, I still think it will break this level and FALL to Fibo level 1.618 ($50,837).
Why?
- When BTC touches Fibo level 1, it also touch the MEAN Reversion band => Revert strength is hight. So it stops falling and rise a little as we can see 2 days ago.
- When BTC stops falling and moves back a little, revert bands are wider and MEAN revert strength is much lower now.
- This Fibo level 1 is not really strong, the recent ZigZag move is short and I still consider the move in my last idea as the main ZigZag move and the Fibo in that idea is much stronger. As you can see, $50K is Fibo 0.618 in that calculation. It is also Fibo 1.618 in this calculation. They are both very strong Fibo levels.
- The Volume Oscillator is still hight as you can see in the bottom => It still supports the main trend now is FALLING.
==> I believe BTC will FALLING to $50K in about 1 week.
Reach the Golden Pocket zone of BTCas i told you Yesterday we are reach the BTC golden Pocket zone between $58000 - $58900 K
congratulations to who get that signal .
stay tune
NiMNIM
BTC GOLDEN POCKET ZONEvery nice opportunity to buy BTC at golden pocket zone between $58000 To $58900
NimNIM
Do NOT PANIC, Time To Buy BTC Buying BTC at this levels will be a smart idea .
50 EMA moving average is a big line of support for BTC.
The price must bounce from this Level and rally to $70k+
Once we break that from $61.8K level in weekly BTC could break $70k easily.
All we need is more volume .
time to open Long position , NOT more than 5X margin
CAUTION: DO Not Trade More Than 5 % of your money
I'll keep posting updates on this one.
Hit the like button if you want me to post more updates on this.
Stay tuned
NiMNIM
BTC BREAK OUT EXTRIMELY BULLISH
BTC broke out
retesting the $61.8k
support the lower support levels are $61.8k and $60.8k
Buying BTC on these levels will be a smart idea .
The price must bounce from any of these three Level's and rally to $70k+
Once we break that from $60.8K - $61.8k - $64.8k level in weekly BTC could break $70.8k easily.
All we need is more volume .
CAUTION:- It is also important to keep booking profits on your trades since the market is at extreme greed.
I'll keep posting updates on this one.
Do hit the like button if you want me to post more updates on this.
Stay tuned
NiMNIM
BTC to $75kListening to other analysis and looking at the world as a whole BTC is set to rise is my understanding and extrapolating and using averages leans towards my projection.
I am new to this, but lets see.
Creating Wealth for the future and the future only through SamUnderstanding Market Structure and Price Actions and Creating Wealth for the future and the future only through Samuel's Strategy
PPLZ Peoplez Placez N Thangz. Community Economy and ProductivityThe Productivity,Community of the Economy and in each tree group of vast branches of such Pplzz(1)?...
Devil zone Intraday...long position as long as 53924 remains support level
With targets 57300 ,58250,59340 and beyond in extension
Pivot point 55424
Expect short position at 59340
BTC Wickoff Distribution analysi 2022It looks like we are ready to complete a Wyckoff distribution n the mid-term.
As mentioned in previous publications the bull run after the last halving should finish by March 2022. According to this, we should see some more distribution before a retracement nearby the end of Q4.
BTC must look for a new ATH and have the usual crash as the bull run will come to an end and start getting ready for its usual +2 years-long accumulation before the new halving in 2024.
Many say we will not have a new ATH any time soon. I am of the opinion that this is not over and that BTC will play similar to 2013-14.
Watching your positions you will enjoy some gold nuggets.
Please, share your comments.
Press like to appreciate the hard work.
Happy trading,
Raf
bitcoin -triangle means risk of dropping to 22.5kopen road below 30k. weak week means new sell signal on weekly MACD and in consequences further drop to 22.5k
Kiddbit OG3Looks like this could happen..
High and low trend lines crossing means big moves in price action..
Where BTC could go in relation to wishful vs magical thinking"The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase." Barry Silbert
Current BTC trajectory the Market should Follow BTCBTC current Trajectory from basing this off of past behavior and current market. If you have followed my past scenarios I have posted I've not deviated at all from my path of direction but I did adjust it a bit from previous post to be happening sooner than later do to the time of year. Based on the RSI we should see a similar bounce to what we saw at the top to a lower top pretty soon and we may not repeat the exact drop but we should see the floor sooner than later. We should see more ALT explosion as long as BTC can maintain a healthy level of liquidity. at some point the Market maker will take what they have given so make sure to secure profits!
