BTCUSD way to wash the card - retrace hard till around 5000usd

Updated

Though I updated most ideas of BTCUSD, I think it's necessary to make a new one to clear mind on each key stage.

No BS, we go directly to the point.
In case you don't know that BTCUSD is much manipulated(well operated by market maker).
It respects financial market rules just as the same as when William Gann analyzed the market.
That's why BTCUSD keeps showing its personality(key fib levels + MA trends) in history.

1. know where we are - support levels:
monthly support:

weekly support:

2. 2020 level to be
history look of 2013, 2014/15 for 2020 target
0.618 retracement + william gann 1/2 theory(bounceup short) + wave ABC(wave c fib trend 0.786) :

2013:

2014/15:

what's now?
Fib trend 0.786(around 5000usd) is where it's going.
Strong Resistance: Fib trend 0.236
Strong Support: Fib 0.386

3. 2020 Price Pattern and Time:
From the price actions of 2013, 2014/14, 2019Jun- till date,
2020 wave ABC seems more following 2014/15 price pattern.

Knowing the time matters?
Price action has its relations with time as well.
In case you/we don't know how exactly it works. Don't worry. Learn from history, BTCUSD likes to tell you something.

Take price pattern from 2014/15. I made 2 same copies foe 2019/20 compare: blue and grey(wave A)+grey(wave C)

scenario 1: if it goes with blue, then 2020 bottom may be around Sep/Oct.

scenario 2: if it goes with grey(wave C+wave A), then 2020 bottom may be around June.
Between 2014/15 wave A and wave C, wave C looks more close to 2019 wave A in price and time actions(more sharp).
so I switched 2014/15 wave A and C then put on price pattern on 2019/20 wave ABC, in case this scenario works.

4. SUM UP
We don't know which price pattern will happen, or maybe neither will happen.
The point of me making price pattern and time scenario on 2020, it is to show/give an idea of how it worked and how it may work(if it repeats).

What doesn't lie is MA and Support and Resistance Levels:

--
Leave a Like!
For more quality TA.

--

BTCUSD fib 0.5 double attempts from here - compare look- v2

EOSBTC easy trade strategy - Daily chart

Dead Cat - Bounce up short - Show on EOSBTC example

Note

forgot to mention, nearby daily S/R - 9756usd

Note

as more post of ideas or updates, some old TA getting hidden/hard to find.
im posting some of them here related to BTCUSD for easy go back to.

these was made by learning from BTCUSD old habits. and seem to have played well.

1. falling structure and wave counting from 2019 june, refer to 2018 big fall.
- followed this wave counting and reached target.

2. learnt from 2013, 2014/15 fall and 50% bounceup short(it's actually called william gann 1/2 theory).

3. same following for wave c = 0.786 wave a

4. btcusd TA with MA+S/R+MACD:

BTCUSD - simple is good - MA S/R MACD TA - Weekly and Daily

--
No matter you role as investor or trader. Goal is simple - getting BTC and more BTC.
1. if u r trading alts, accumulating more BTC.
2. if u r trading BTC, buy more BTC when it's low and take some profit when it's booming.

- if u keep playing but losing BTC. u don't know what you are doing.
- if you don't have a plan. make one.
- if you don't know TA, learn good one(not sh*t)
- there are many type of TA, only those make money is good one. only those make you money is suitable for you.
- don't trust anyone. trust yourself.

none is financial advise.
trade safe.
Leave a lIKE for more quality TA.

Note

for short term movement:
on Daily chart, BTCUSD breakout MA25 and now retracing, intending to close above MA25.

if price close above MA25, tomorrow it may have another bull candle up.
or if it falls below MA25 again.

as BTCUSD is in consolidation zone. I remain no-action for short term.

trade safe.

Note

nice fall, now bounceup where to go?

S/R
monthly:

weekly:

history in daily view:

and now we see to resistance 1/2/3:

Trade safe.

Note

when btcusd always tells us something, yes again:
btcusd 1h is telling us about Day price pattern to go:

- price fell off ma25, then went back retesting it but closed above it
- then fell off ma25, had good support on ma99, then bounce up from there.
- 1h price reached above ma45, and what could be Day price target?
potential similar level on daily resistance 2:

Note

setup invalid if price breakdown ma100(green line)

Note

follow last update:
price closed above well on ma100 then went up.

--
i love how much BTCUSD stick to retest key levels, and its favor in telling its movement from history.
--

Day look:

1H closeup:

Note

u only need 2 trading strategy - for trend, for consolidation.

consolidation trade:
trade breakout direction -when breakout and back retest.
trade opposite direction - when breakout and re-enter box with inside back retest.

day chart comparison:

closeup:

vs now:

it may try tick you. pay attention to it no matter u trade way up or down.

--
trade what the market shows you.
trade safe.

Note

in day chart comparison,we can see that btcusd had strong support and resistance
on ma99(green line) and ma25(red line)

trade on trick.

Note

or go blue:

Note

it comes fast today, is bottom and consolidation forming and finish in 202 march and april?

Note

think weekly ma200(green) currently around $5000

im not greedy, weekly ma200 is safe bottom bottom. anything below that is lucky coin.

Note

weekly will show when weekly close.

we go to daily chart to see details:
2015

2013

here we are:

if u wanna buy "bottom", then risk is if it fall off
if u wanna buy safe at bottom breakout, then risk is missing the "bottom"

with your own strategy, u need to decide what to do

Note

last update on the public idea so far:

from what i have been TA so far, for now on day chart and 1H chart,
i regard btcusd bottomed, even if it still range if crazily to around 3k(not likely imo).

there will be opportunities for alts trading in future, but not as of now.

always remember that your goal is to gain btc, no matter btcusd is up or down, alts is up or down. in long term, you wanna get as many btc as you can from your investment/trading. and redeem your profit along the way up so when price is going down, you don't regret your profit is gone.

--
i started from zero and thanks for anybody on tradingview that i learnt from.
i hope you could learn something useful from my TA.
i definitely recommend you to check my posts since 2019 June, coz i got so much better since then. specially on hype fib, S/R, massive volume trading, btcusd history and compare etc.

i may not really post public post from now.
good luck to ya all who followed and supported from my way up.
if you miss me, check my previous posts, i shared knowledge there :P

Note

Been almost a year since we caught the bottom around $4000($3880) in 2020 March.

How you guys doing?

Hope you all safe and been enjoying the almost 10x up from btcusd counting the recent ATH around 40k.

I'm gonna open a new idea to give a brief update on BTCUSD and general view on the market.

Note

As a close to this idea. I just posted new idea:

[2021 1st update on BTCUSD since caught bottom at4000]

miaomiao18

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.