USDCBTC trade ideas
BTC Head and Shoulder"But this crash give me March, 2020 vibes".
Be objective. Use what information the charts give you to make sound judgement calls. This looks to me like a H&S pattern and we know the outcome of those. We failed to reach $42,000 level and the mood in the market is one where retail buyers are exhausted, billionaire accounts are grinning with their mouths wide open and Elon Musk is promoting c*mrocket.
The objective? Bright as day. HODL and firm the harsh weathers to come. Or, protect capital to fight another day.
BTC and Crypto is still the 'great transfer of wealth' we hoped it would be. Patience is just needed for the time being.
RN
This chart is in no way meant to be used as financial advice.
BTC LONG (SHOLI ALGO)Expected growth in BTC in the coming week.
I expect a breakout of the upper level.
You can also use the Sholi indicator for scalping trading: PSAR + RMR Channel + Fibonacci levels.
Short: enter at the upper border of the channel when a bearish trend appears
Long: enter at the lower border of the channel when a bullish trend appears.
Best work on 1H time frame.
My long term strategy.Target 1.
Short down to 0.618 from ATH to about 27200.
Target 2.
Long the retracement to the 0.50 Fib level. 34000.
Target 3.
Short the trend based Fib level to 0.618. 12500
Mad dropping on BTC for June-JULY😣😣😣😣
BTC heading back to the middle of the band, at 1d time frame, Fisher and aroon showing an expecting bear market, BTC might drop back and below $30k.........
ATTENTION!!! BUY Bitcoin NOW!ATTENTION!!! BUY Bitcoin NOW! All technical indicators and volume indicate growth from these levels, which is probably not going to be lower this year!
Will $BTC hold the $42K support?Let me first begin by stating that Bitcoin is still in a healthy state. I took time to zoom into the micro levels of the bitcoin charts to find out what is going on in the more immediate term.
Just as a follow up to my previous chart which (I will link at the bottom) that there seems to be a push for a further 8% dip to the $40/41K levels.
The market is in a classic accumulation phase also in a descending channel which is are all good signs for a bullish reversal.
The descending wedge has the potential to push the market lower in search for a much lower bottom.
The it may be very tricky to trade this young accumulation phase as it presents the whales and institutional money to liquidate further long positions in the leveraged markets.
The $42K level is the perfect environment for more liquidations to take place.
As I have thoroughly observed, the daily 200MA may still be the reason why there is a gravitational pull each time the retail hands attempt to push prices higher.
The market is also moving in a bullish convergence which is also a good sign showing potential reversal may take place any moment.
As you can see in the charts, we are edging closer to finding that bottom which I still suspect may be at the $40/41K levels before the mark up phase.
Falling Wedge Pattern I know that is early to tell that will be a bull falling wegde, but we can clearly see that this pattern have been form over and over again on bitcoin chart. So RSI on 30 its always a good buy zone in the bull markets. and if that trigger the first fibonacci level is 80k dollars for bitcoin. lets make a 100% on this trade. Good luck..
BTC broke downward channel.. heading back up now!!BTC broke downward channel.. heading back up now!!
