YuaishQureshi

YuaishQureshi

Bitcoin has moved again and I was expecting this kind of move. The bounce back happened exactly from the area which was marked earlier. This is still an area to keep an eye on. What next? The crypto buying season will officially start for me after the btc closes above the recent high with a wide spread candle. From there I'm looking for a 50% retracement leg....

YuaishQureshi

Before explaining everything we all should know that there is liquidity sitting below every swing point of any given chart pattern and in order to move, the market needs to grab the swing point liquidity first. It can take years to make a move to start taking all the liquidity. The cross marks are the swing low liquidity points that are yet to be taken by the...

YuaishQureshi

Finally after showing what it wanted us to show, Bitcoin is swimming in our zone of interest based on the naked wick levels. Next step for Bitcoin would be to find a low in this area and rally upwards minimum to FWB:31K and maximum to around $36k. I want to see that happening within next week or the one after it.

YuaishQureshi

I vouch for this price action. What are your thoughts?

YuaishQureshi

These levels are very important for everyone. I am optimistic about these levels. A bounce from the levels is what I expect to see. Price can never reach those levels and bounce right from the three areas that I've marked earlier. If this does not happen, it'll be an apocalypse for the crypto world.

YuaishQureshi

Hello. As I've discussed earlier, a fake BitCoin Upwards Move to trap buyers is on it's way. The Bitcoin price is slowly reaching the first demand zone (ive marked them in previous article) from where we can see the possible fake out before any real movement. Now as time is passing by, Bitcoin chart is revealing things. There is a strong demand zone near 19-20k...

YuaishQureshi

I've marked three potential key support areas of Bitcoin. The areas marked are demand zones created by volume. There can be a fake bounce upwards once the price will reach those zones. Enter the trade only after a successful validation.

YuaishQureshi

Hello traders. Bitcoin is finally arriving at my point of interest which, if you follow my ideas here will know that the area which I have a keen interest on is anything between FWB:25K -$27k. Bitcoin candles, once in this zone, will print whatever they want to print. I will set my buy orders within this range. Meanwhile, a bounce in btc from this range means an...

YuaishQureshi

The current price action was discussed in earlier articles. Those who follow my analysis and ideas know it. They know that Bitcoin can show an increase upto $32k in order to trap buyers. Bitcoin needs some sort of fuel, and by fuel I mean liquidity, to move up with heavy buying pressure. Currently the effort of buyers cannot be seen in the 'break out' candles...

YuaishQureshi

Volume of buyers ready to buy the pair at the range close to 142.7 is evident. The price is having a last squeeze before continuing an upward move. I have executed a sell side trade seeing an opportunity in the retracement leg. I'll close my position soon. And after that I'll enter this market as a buyer.

YuaishQureshi

Hello traders. Bitcoin is showing a sideways momentum for now which is fine and was expected to do so. I've kind of already covered this expected side ways action in my Mar 17 analysis where I said it would clear all the buy and sell side liquidity in the zone of $27k-$32k. Well we never actually reached $32k mark but were close to that. Now before the...

YuaishQureshi

Hello traders. I have executed a sell side trade in Euro/ Dollar pair. This will possibly turn out to be a short term trade. As you can see, I've marked the areas clearly with several crosses signifying liquidity and order blocks sitting at those marked zones. The Euro/Dollar pair will grab and mitigate these zones before any move. The second reason for...

YuaishQureshi

Hello traders. My next point of interest where I'll be looking for long opportunities in Bitcoin are the Naked Wick levels at $25752 and $24117. The reason is simple. Every criteria for those levels are in check.

YuaishQureshi

Liquidity for Bitcoin price to move out of it's range has been engineered and now apparently we are going to see a move up. On its way up, BitCoin will clear the all the buy and sell side liquidity sitting in the zone of $27800-$32350, an area marked in green, before tapping into the imbalance block created by the bearish price action. The Imbalance Block is...

YuaishQureshi

Waiting for candles to get to my current point of interest which is a zone ranging from $21.6k- $22.5k. After a successful confirmation I'll enter a long side trade in BitCoin.

YuaishQureshi

Strong F.U candles can be seen on smaller timeframes. These candles possess huge volume backed by banks and institutions (sharks). My areas of interest for execution of trades are based on these candles. The first zone where I'm looking for long opportunities is $24k-$24.5k The second zone where I'll be keeping my eye is between $22.6k-$21.9k. The reason? 1....

YuaishQureshi

Hello traders. Bitcoin price was very close to my area of interest which I have previously covered and it's absolutely fine. We saw a dump in the price before Bitcoin showed a rally upwards. I hoped this upward rally would take some time. Keep supporting if you guys like my analysis.

YuaishQureshi

Are you ready for some hot Bitcoin talk? Buckle up, because this ride is about to get wild! Let's start with a word of caution: holding a long position in Bitcoin right now is risky business. There are two possibilities looming on the Bitcoin Chart that both end in a price dump. Yes, you read that right - TWO. BTC recently touched $20,670 and promptly showed a...