BITCOIN BREAKDOWNHave a nice day dear traders, we are here with Bitcoin
Bitcoin resumed its sharp move on Sunday evening early in the Asian session as I have been writing for the past two weeks. But currently I see less change, usually these moves determine the whole weekly trend but in this situation I would say the market went for liquidity at $16975 - $16920 and this is where the whales are taking long positions into swing trades. The last 40 years in the stock market, December has been 90% in the green which is currently indicated by the Fed's dovish policy
We are currently at the vPOC ( point of control ) of the Asian session for BTC which means that if we hold this level on the 30m chart and do not close at least 3 candles below $16930 then I see the current swing trend breaking out to the levels indicated on the chart around $17,500
Bitcoin-trade-setup
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT BTC - Entry Price Adj. to : $24,460 📉
💵 Length of trade: we are expecting BTC to hit a 300 scalp, with a high end of $500, and a minimum expectation of $200.
We see BTC back testing $24,000
We are playing off that generally after these news spikes with the CPI, we have a retracement in the next 48 hours.
🕰️ Duration of trade: we are expecting this to occur in 6 hours of this signal, with a maximum duration of 9 hours .
Trade setup on 💰Bitcoin for "Swing Trader".Trade Setup for "Swing Trader" :-
Plan (A):
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Plan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn (at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month.
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======================= Replay (last worked) ======================
Tradeble Wave Trade-Setup with both side of consideration.......In-case of price is going cross LH 8952, we can see below projection:
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LH 8955 below, keep continue selling, if reversal exist then price must cross this level above.
Trade Setup:
PLAN (A) : Sell below 8955, for first T 8647 nearby and T2 8459
PLAN (B) : Buy in pull-back if price cross 8955 and stop-loss and target.
NOTE: I'll update if price crossover in Timeline.
BTCUSD: Possible Buy opportunities.Bitcoin just made new highs. It slowed down as soon as it hits the 1.27 fib level. Showing signs of new resistance, however, based on my outlook, 3.7-4k is the main target for Bitcoin now. There are two ways to approach this, both requires the patience for price to retest previous high as the new support. If it breaks below the support. Then we potentially can get a Cypher formation bringing us an opportunity to re enter long.
Trade with care.