Why BTC rose on weekends, best entry after a trapWhy BTC rose on weekends, best entry after a trap
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Bitcoin-trading
$BTC Supply and Demand Zones as well as Support and Resistance Based on the 15 min intraday chart of BTC as of March 24, 2023, here is a possible analysis:
Supply Zone: $28,500 - $28,800 Demand Zone: $27,000 - $27,200
Support: $27,000 Resistance: $28,800
The analysis is based on the following factors:
Technical Analysis: The supply zone is formed by the high of March 23 and the open price of the last candle, while the demand zone is formed by the low of March 24 and the close price of the previous candle. The support and resistance levels are also derived from these zones. The chart shows a downtrend within these zones, with lower highs and lower lows. The volume is relatively high, indicating strong selling pressure.
Fundamental Analysis: BTC tracks the performance of Bitcoin, which is the leading cryptocurrency by market capitalization and adoption. Bitcoin has been trading near its all-time highs, supported by growing institutional and retail demand, innovation and development, and network effects. However, some challenges such as regulatory uncertainty, scalability issues, and competition may limit further upside potential.
News and Events: BTC may react to any major news or events that affect the market sentiment and expectations. For example, on March 24, 2023, the US Securities and Exchange Commission (SEC) rejected a proposal for a Bitcoin exchange-traded fund (ETF) by VanEck, citing concerns over market manipulation and investor protection. This may have triggered a sell-off in BTC in the morning session.
Sentiment Analysis: BTC may also reflect the prevailing mood and emotions of the traders and investors. One way to measure this is by using indicators such as the Fear & Greed Index (FGI), which measures the implied sentiment of Bitcoin options. A high FGI indicates greed and optimism, while a low FGI indicates fear and pessimism. As of March 24, 2023, the FGI was at 40, which is in the fear zone, suggesting some caution and nervousness in the market.
Machine Learning and Artificial Intelligence: BTC may also be influenced by algorithms and bots that use advanced techniques such as machine learning and artificial intelligence to analyze data and execute trades. These methods may be able to identify patterns and trends that are not visible to human eyes or conventional tools. However, they may also introduce noise and unpredictability into the market, especially during periods of high volatility or low liquidity.
Price Action: BTC may also follow its own logic and behavior based on supply and demand forces. Price action is the study of how price moves and reacts to various factors without relying on any indicators or external information. Price action traders use tools such as candlestick patterns, trend lines, chart patterns, and Fibonacci retracements to identify entry and exit points based on price movements alone.
Based on the 15 min intraday chart of BTC as of March 25, 2023, here are some possible supply and demand zones as well as support and resistance levels:
Supply Zone: $28,800 - $29,000
Demand Zone: $27,200 - $27,400
Support: $27,200
Resistance: $29,000
These zones and levels are based on the previous day's high and low and the current day's open and close prices. The chart shows an uptrend within these zones, with higher highs and higher lows. The volume is relatively high, indicating strong buying pressure.
However, if price breaks above or below these zones, new supply and demand zones as well as support and resistance levels may be formed. For example:
If price breaks above the supply zone ($28,500 - $28,800), a new demand zone may be formed around this area, while a new supply zone may be formed around the next resistance level of $30,000¹, which is a psychological round number and a potential target for many traders.
If price breaks below the demand zone ($27,000 - $27,200), a new supply zone may be formed around this area, while a new demand zone may be formed around the next support level of $26,000², which is the low of March 22, 2023 and a previous resistance level.
I hope this helps you understand my supply and demand zones better. Do you have any questions or feedback?😊
ETH Hittin a wall of resistanceEth is gonna need a lot of bull power. Looking at the daily you cant help but see anything but resistance. IMO it would have to push up above 1600 before it finds and real support. Currently on the daily its testing a downward trend that has been respected since April. Look at the weekly and you'll see its testing the previous ATH but as resistance. Gonna be a tough week for ETH.
Near Identical Rally SetupHello! Yesterday I posted an idea based on ascending triangles that turned into a pretty good trade (link below). In this idea, you can see that one included as well. The first set of triangles was yesterday's setup. Today's idea shows another set of triangles that have formed and they are nearly identical to yesterday's. I'm going to leave my long open for now. There was even a small dip at the end of the first triangles that has played out again here. Though I am long I think it's a pretty precarious situation. They won't play out the same way necessarily. There is many other factors I take into consideration when taking a position.
- Yesterdays Idea
Bitcoin Shorting IdeaGood evening Traders,
We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.
Here is my Game Plan:
- Bitcoin needs to push into box between 28500 and 29500
- We need to see some price consolidation
- No big spikes above 30k (otherwise idea is rejected)
- Drop right onto 28500
- Further consolidation needed
- Once we break below 28500, trade is activated and I will be looking to short
- Short when Bitcoin breaks 28300 clearly
Hope this helps, but make sure to watch the video to understand the idea.
Leave me a follow if you enjoy my content!
Best
TraderCH
Nostradamus? Btc Predicts #btcstarburtsZOOM OUT…. So far bitcoin has managed only to stay on the Gann map like a Boss… Trading resistance for support… The Gann map existed before the fud… DCA Safely… ARE WE IN FOR THE MACRO CUP AND HANDLE>>>>>>. IS THE PAIN OVER< possible, A Gann Study
LQTY breakout ATHs?Possibility for a breakout to ATHs
Would look at reaction here and broader market movements.
Currently not traded.
ata Getting ready for bullish impulse Seems Like ata Is Ready For bullish impulse
Trendline & Inverted Heads And Shoulders Breakout has already done retesting In process Incase Of successful Retest expecting 15 to 20% bullish move
EOS/USDT Technical Analysis overviewBased on the chart analysis:-
EOS is currently trading at $1.21 and appears to be in a parallel channel.
It is currently testing the resistance level at 1, and if it breaks above this level, there could be a potential upward movement. However, if it fails to break above this resistance level, it could test the support at $1 once again.
It's important to note that trading decisions should not be made blindly and should be approached with a professional mindset. It's also worth mentioning that the market sentiment could shift from super bearish below $1 to super bullish above $1.96.
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BTC could be 2nd wave of rise towards $22800 to re-test biggest BTC could be 2nd wave of rise towards $22800 to re-test the biggest volume area
what will be after-time will show
For new entry, I'll wait for new pattern
BTC!! 4H chart🔥🔥 BTC Next target $24k soon 🔥🔥🚀🚀
Bitcoin price analysis is the process of evaluating the historical and current market data of the cryptocurrency in order to predict its future price movements. The primary tool for this analysis is technical analysis, which involves studying charts and market indicators to identify patterns and trends that can be used to forecast future price movements.
One of the most popular indicators used in Bitcoin price analysis is the Moving Average (MA). This indicator tracks the average price of the cryptocurrency over a certain period of time, and is used to identify trends in the market. For example, if the 50-day moving average is above the 200-day moving average, it is considered to be a bullish signal, indicating that the price of Bitcoin is likely to increase.
Another important indicator is the Relative Strength Index (RSI), which measures the strength of the current price trend. If the RSI is above 70, it is considered to be overbought and may indicate that the price of Bitcoin is likely to decrease. On the other hand, if the RSI is below 30, it is considered to be oversold and may indicate that the price of Bitcoin is likely to increase.
In addition to technical analysis, market sentiment also plays a role in Bitcoin price analysis. This refers to the overall sentiment of the market and can be influenced by a variety of factors such as news and announcements, regulatory developments, and economic conditions. Positive sentiment can lead to increased demand for Bitcoin, which can drive up the price, while negative sentiment can lead to decreased demand and a decrease in the price.
It's important to note that Bitcoin price analysis is not an exact science, and the price of the cryptocurrency can be highly speculative and unpredictable. It's important to do your own research and understand the risks before making any investment decisions. Additionally, it's important to keep in mind that the cryptocurrency markets are highly volatile and price can fluctuate greatly in a short period of time.
There is no buying volume. Breakout of local lows. ShortFor the coin, both trading volumes and local highs are decreasing, which indicates the absence of a limit buyer ready to buy corrections. The price approaches its local loys, forming a descending triangle. I am waiting for BTC impulse liquidity removal behind the level, but only if there is a trade. Target – $20290 (1.24% of the entry point)
long signal idea 💡 hello 👋 to all the traders I wish you the best.
simple limit order entry base on 1H time frame.
if you're a experienced trader u already know that most of the trades are losing trades but we just need 2 or 3 trade out 10 to be profitable.
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cheers 🥂.
1 shot 1 kill based on last week signal #bitcoinhello 👋 to all the traders around the world.
last week I posted an limit order entry that fills up last day and now for those who missed that opportunity I have a gift for you which have a great RRR.
to be honest I don't mind it if it's not fills. bot u have this opportunity to make a good money out of it.
please feel free to leave comments for me.
have grate day, cheers 🥂.
DATA OF BTC SHOWS A BREAKDOWN TREND :BACK TO START $9KWe have seen last time BTC stable, as we already did a breakdown of around 75% since the uptrend. depending on trend counting BTC is able to break down to the start point of 9K as the chart shows.
Whale data shows last time in high % not a DCA positions trend, and most of the holdings are becoming lower with time, what means this for BTC, and are we going to see a much lower price for BTC coming time?
This is an important question and it needs confirmation.
At this time there is no uptrend confirmed, as BTC needs first to hit above 18K.
IF BTC CAN BREAKDOWN 75% since 69K THEN IT'S NOT A HIGH DIFFERENCE TO BREAKDOWN down MORE TO START POINT of $9K.
this may be a mirror effect of previous increases in 2020 as the chart shows. if this effect happened again then its an effect we have seen more times on crypto coins.
Are we going to get the free falls, as we did get before
There is a possibility that we are going to enter into much more down volume so that new volume will enter BTC.
Most of the time when the price of BTC stays for the long term stable, the effect comes in later moments huge.
Manage always your risk at these times.
This is not trading advice, it's our view for BTC.
The words of Warren Buffett
f you offered me all the bitcoin in the world for $25, I wouldn’t take it, says Warren Buffett
And there is also users that for sure thinking BTC will hit the 100K.. time will learn
BTCUSDHello everyone! Hope you doing well,
I closed my Short positions yesturday and currently im waiting for a next #Long move to get liquidity at the upper border, after which the fall will continue, my on-chain metrics at very high values, which signals a short position, I think that when it reaches 17300-17400, the indicators will strongly signal the opening of a short position, after a successful withdrawal of liquidity, we will sink to the bottom.
At the moment I opened a Long position with a short stop at 16300
strong resistance level on the round number. Good entry pointThe asset is traded on volumes. The price approached a strong resistance level on the round number - $ 1.2. We can observe periodic flashes of volumes that ended in shadows, which indicates the weakness of the buyer. An inclined level in support has formed, we shake it. I expect a breakdown and movement to the volumetric level of POC - 1.135$
#btcstarburst Bull Market?If we are at a bottom… and assuming FUD doesn’t creep int to intentionally suppress the market because it does, it always does… The fact is Bitcoin is tied globally to all trading markets so crypto feels the pain when when the S&P hurts… Alright back to it, the green trading above BTC is extremely Bullish… In the middle FUD must be in the air ( pullbacks are happening and stuff, taking profits…) Below the orange Bear market crap show… world trying to get it together great time to Dca into smart Projects not just Crypto… If the halving event timeline proves true we are on course for a macro cup and handle..: This is just a Gann study (3 years now) lines are support and resistance… I don’t really trade I do research… projects of interest. Ones that will change the world…
Bitcoin Retest Incoming At $17,500.....Nice hourly pump we have today. Looking for Bitcoin to retest the $17,500 levels or come down $200- $300 once the hourly wave looses momentum. We've peaked on all of the major oscillator indicators (RSI, Stochastic RSI, and MACD).
Much peace, love, health, and wealth!
$BTC - bearish countif we did top in 5 waves up, i believe 16.3k is next
this all is invalid above 17.3k
