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#btc4hr

BTC THOUGHTS 4hr - Potential SetupJust few thoughts as per the market structure, long setup is building to form a lower high and bring the potential FOMO in the market. then we can see the potential short after the long due to the resistance and the weekly candle inverted hammer showing weakness in the market. we can also see apotential short position, lets see which plays out first. my personal thoughts are that it should play long first, why, there is a consilidation, a tight range and lower side liquidity is swept, the above is still remaining.
by zain9674
2
Bitcoin Fake-out! Failed Breakout Lead to Strong Bull Response!Bitcoin attempted to break out to the downside and escape the bull channel only to be met with a fierce rejection and rip back to $38,000. There is a slight pause at this critical price with some upside left to the top of the channel but also a good amount of downside to the 200EMA. How do we trade this? After a strong bull response like that and continuing in the bull channel, shorting is risky. If you took my last BTC 4HR idea and shorted it to the bottom of the bull channel for a 1:1 Risk/Reward, then you should already be out of that trade. Now we wait for a sell signal showing us a rejection, or you could scalp with a small position to the top of the bull channel. A long scalp would require a stop placed below the rejection low of around $34,500, leaving you with a 3:1 Risk/Reward. Key Points 1. Failed Breakout to the Downside of the Bull Channel 2. Strong Bull Response back into the Bull Channel 3. Potential Double-Top at $38,000, wait for more price action 4. Either wait for a Sell Signal or Long Scalp with a small position 5. RSI near 70, Small positions longing I would wait for some more price action before entering a trade. Wait for a strong sell signal bar closing near its low or scalp a pullback to the top of the channel. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSD
by TraderEngineering
BTC 4HR Analysis - Bears Are Taking Control to 200EMA!Bitcoin has had three pushes up from its previous trading range ending with a failed break of the $37,500 resistance level three times, leading the price below the 30EMA. Per my Weekly Analysis, the $37,500 price area is Bitcoin's Weekly Bull Channel resistance. These data points mean a short is reasonable from the $37,000 price area with a stop just above the pin bar at $38,000. It's also reasonable to take some profits at the bull channel bottom (about 1:1 Risk/Reward) and the remainder just before the 200EMA around the $34,000 area. Key Points 1. Bitcoin is still in a Bull Channel 2. We have three pushes up ending with a strong bear pin bar 3. Three failed attempts to break and hold $37,500. 4. Gap from Current Price to 4HR 200EMA 5. RSI is just above 40.00 with Room to Fall You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use the yellow lines to mark the local triangle in which the price is currently moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking a very strong support zone from $ 28038 to $ 27560 in which the price is currently located, but when we fall below this zone, we can see a drop around $ 26882 and even $ 26022. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $ 28659 to $ 29195, when it manages to break it, the price will have to break through the resistance at $ 29711, and then the third resistance at $ 30466 only when it breaks out above and then positively tests it, we will be able to see further increases. It is worth paying attention to the EMA Cross 10 and 30, where we see confirmation of the transition to a downtrend. You should watch the red line when it starts to curve upwards, which can give a trend reversal. Please pay attention to the CHOP index, which on the four-hour interval indicates that the energy has been used and begins to rebound, the MACD indicator indicates the maintenance of the local downtrend, while the RSI has touched the lower limit of the range, which may give a break in the correction.
by cryptodailyuk
10
BTC up or down?As i'm analysing BTC on a 4hr chart, i got a little confused. There is a clear double bottom and if this plays out we could test the $51k resistance, and if the resistance doesn't break I believe BTC will be ranging between the $46k support and the $51k resistance for a little longer. Also as you can see there is a bullish TK cross on the 2nd of January and then a bearish TK cross on the 3rd of January, exactly 24hrs later? Seems a bit weird, if anybody is reading this let me know what you think. currently retesting the $46k support, lets see what happens.
Short
by CharlieMcclelland
Tortuga V.3 Update - Mock Portfolio Showcase 4hr TimeframeThis video aims to showcase the Tortuga V.3 Update on the 4hr timeframe along with a mock portfolio showcase. The V.3 update consists of 1 new lines of code that brought more successful and frequent long signals, and two new lines of code that also weeded out bad long and short signals. The Tortuga indicator was backtested to be 75% successful, on both long and short positions, for V.2. The current backtest success rate for V.3 is 79%. The video showcased that over the timeframe of a month, utilizing signals 18 candles back, one would have profited 62% if one properly utilized stoplosses. All current subscribers will gain access to the Tortuga V.3 indicator, as that is customary to subscription. If one would like to subscribe to monthly usage of the Tortuga V.3 indicator, message me directly on Tradingview and we can discuss terms and conditions. Thank you for watching, James Trade on.
BITFINEX:BTCUSDEducation
by TheYeet
3