JustChart_YT

JustChart_YT

Price is likely going to retest Support line first. However risk-to-reward ratio is not ideal. I opened a small position to ride this small movement. Another opportunity will open up after price crossed 33395.70. Price has to retract back to 33157.85 without touching 33630.56. I will be evaluating opening a short position if price action aligns.

JustChart_YT

1st scenario: BTC price is consolidating and we will likely witness a sharp breakout soon. 2nd scenario: Bitcoin has not shown strong buy confidence. Even though price has been riding at the lower-end of the consolidation channel, multiple attempts from buyers have been rejected with a strong sell-off momentum. At this rate, price is likely going to retest...

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JustChart_YT

***JustChart Daily Price Action Analysis*** Observations: ⦁ Recent drop is caused by 4h candle (n-4) false breakout, exacerbated by following factors: High market volatility Overdued pullback Lower high confirmation. ⦁ 4h Support structure (34034) did not hold. Price is now facing horizontal 1D support structure and 1D upwards swing...

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JustChart_YT

BTC has break above it's resistance structure, forming 3rd high low. However, buyers have to take this opportunity to ride the momentum upwards before it is too late! Video Timeline: 0:00 Introduction 1:27 Analysis Recap 5:47 BTC Daily Timeframe Analysis: Forming Third Higher Lows 8:30 BTC Daily Timeframe Analysis: Fibonacci Retracement & Test Confirmations 14:45...

JustChart_YT

***JustChart Daily Price Action Analysis*** D1 Observations: 1. (Bullish) Current candle is able to punch above 35516 with little pullback, forming 3rd higher low. 2. (Bullish) Downward D1 FIB retracement confirms price breaking above 0.618. Zooming into H4 reveals price retesting 0.382 before above 0.618. Current price action is retesting 0.618 as support...

JustChart_YT

***JustChart Daily Price Action Analysis*** D1 Observations: (1) Overdue upwards correction is finally happening in current candle. (neutral) (2) N-1 candle exhibit sellers' commitment to hold price after initial downwards momentum. (bear) (3) Price is at a point of inflection with almost 50-50 directional probability. This is because price action is...

JustChart_YT

As I mentioned in my Livestream yesterday, the likelihood of a failed breakout is high. This is because of a few key price action signals outlined. *Go and watch my previous day livestream for more context. I am not going to retype here. While the probability of a rebound is high, we will have to wait for the candle to fully develop before making the next...

JustChart_YT

In light of a weak breakout (engulfing red candle), I see this as a good opportunity for a short position. Resistance structure (36500) repel its price back down. This might be a start of 3rd sell-off considering the volatility and BTC market uncertainty.

JustChart_YT

If price fail to breakout soon, it will formed the 3rd failed breakout attempt. This is likely a confirmation of bearish trend

JustChart_YT

Price show some strength maintaining at 1.19 levels. A short-term buy position with 1.5 reward to risk ratio is present.

JustChart_YT

Candle 1: Initial upwards pullback is met with strong sell, engulfing previous green candles. Candle 2: Sell is stopped slightly above previous low, forming higher lows. Candle 3: Buyers are able to regain slight dominance, pushing price near to its previous pullback level. We have seen buyers starting to take control of the price action. There is more room...

JustChart_YT

BINANCE:BTCUSDT bearish sentiment is still present in the price action. Hover over the Notes to read my analysis. Red Note: Bearish Signal Grey Note: Neutral Signal Green Note: Bullish Signal

JustChart_YT

Looking for retracement swing trade.

JustChart_YT

Price continues to consolidate within symmetrical triangle. We observe high price volume profile at this region as price is getting closer to it's inflection point. Price action not showing any strong directional signals as it continues to fluctuate at this point. Outlook remains bearish, considering that price is consolidating at lower price point since the...

JustChart_YT

Volume has picked up significantly, when compared against daily average. Riding on this pump, we might be able to reach 38k price target.

JustChart_YT Updated 

BTC price action continues to adhere to it's bearish swing trend. Although we have seen flatter swing trend than before, price action still passes through it's support level of 34,800; thus forming a lower low 4hourly swing pattern. The retracement wasn't ideal as price did not retrace back to above 40,000; thus forming a lower high 4hourly swing pattern. Trade...

JustChart_YT

Based on latest price movement, price volatility has not fully stabilized. We need might experience 2nd wave of panic sell. Staying cautious and waiting for more candle affirmation before position entry!

JustChart_YT

Price volatility has not stabilized. This will likely take a few retests at major support level (28081) for the price to stabilize.