Bitcoinbuy
BTC got stuck in TRADING RANGE ZONEGreeting from IRAN to whole trading community 💙✔
BITCOIN started an uptrend since early 2021 , and managed to achieve new ATH in 14th April
But after that we witness a massive SELL-OFF in BITCOIN which affected whole market
Uptrend has broken and price dropped under 50K
Bitcoin dominant dropped under 50% as well that was the lowest spot since 2018
After that BULLS came back to the market and rose the price above its major resistance/support level 52K
At the moment price got stuck in a trading range zone (Yellow rectangle)
Breakout in each side (TOP or BOTTOM) could make us a great opportunity to long or short
Price lower than 52K ==> Short
Price upper than 58K ==> Long
Let see whats happen next , What's your opinion about BTC next movement BEARISH or BULLISH?
KEEP IT SIMPLE :)
[BTCUSD W1 Apr 2021]BTCUSD
Bitcoin
Long Setup
My only strategy on Bitcoin is to trade the breakouts. I mentioned this since the Year 2020 when the coin was most trending. I called $65,000 back in February 2021 when it was only at $47,000. Now $65,000 is inevitable, that is why I will be extending my 1st target to $72,500.
Next long term target is $100,000
BTC 50K possible. Await 4H closeIf 4H candle closes like this 4H long signal is given by L1000X offset.
Backtest results of this and MACD are misleading, you can get more profit by taking it into your own hands to take profit at the top or bottom so keep that in mind.
Also Max drawdown will be less if you are taking your own exits.
Other things to note: You will not take positions opposite of the trend
RUN UP is the important part of a signal given by two lines crossing indicator
As a baseline test with TV strategy tester L1000X Offset Strategy is 3.85X more profitable than MACD in BTC 4 Hour
BTC May Retest Weekly High!Good Morning!
Bitcoin has formed a double bottom pattern and may look to regain level of $23,250. If break and close happens at that level, I predict BTC to rise back to weekly high, because it would be the next strong level of influence. Price recently closed over 2 Weighted Moving Averages, that just so happened to also cross... That gives indication, that the bulls are still here and we could breakthrough our recently found ceiling. Price had a hard time closing under $22,850, so that would be the area I look out for. If close happened below that before trade initiation, then the setup would be mildly invalid.
Whats your ideas on BTC?
Like or Commen t if this analysis provided value to you
-Mr.Pipzz
BTCUSD - CRYPTO - 01. NOVE. 2020Welcome to our weekly trade setup ( BTCUSD )!
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1 HOUR
Break back into our range!
4 HOUR
Reaction to our level, expecting another push to the upside!
DAILY
Overall bullish market in a small pullback..
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CRYPTO SETUP
BUY BTCUSD
ENTRY LEVEL @ 13669 $
SL @ 13456 $
TP @ 13982 $
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
28.10.2020 - Bitcoin (BTC / USD)Hi Traders!
Today we look at the analysis of Bitcoin, but a bit unconventionally - on the weekly chart. This is currently absolutely crucial. It is important to realize that it is the daily, weekly, and monthly charts that are watched by large institutions and banks. The movements on the hourly charts are not interesting to them and they look at the chart and its history as a whole.
How do we see on the weekly chart? As we mentioned in previous analyzes, Bitcoin can theoretically be in a bull-run already. It really has all the prerequisites for that. After many months, it managed to break through the big triangle and is currently trying to create a new HIGH. The candle from last week closed at the highest value since January 2018. When analyzing candles, it is extremely important where we are closing the week. The candle wick shows us the highest and lowest value in a given week, but important is the close. If we could close on more than $ 13,870 this week, it would be an extremely bullish signal. Attacking the previous maximum would take on a completely different dimension. In addition, if we look at the monthly chart, the highest closed candle is also at this level (still from December 2017). Since this week is the last of the month and will therefore close also the whole month, if we got above the mentioned value, it would mean that the candle closed on ATH and the weekly candle on the new HIGH. And that would be extremely bullish!
May the crypto be with you!
🐻 Satoshi, Are You Out There?!?! (BTC)🤔 Bitcoin is once again showing very bad signs under that 10k resistance. The bears are driving the permabulls insane!!!! 🤣
Week after week after week we struggled to breach and now you can see that our candles are compressing at resistance, never a good sign! 🚫
I have two early confirmations printing on the ema dots indicator down below. 2 red dots forming, now we just need the 3rd to align with a red candle Crossover. We will get the close on june 14th for the 3 day chart. 🚨
Stay on your toes and on high alert! This could get ugly! 🤢🤮🤢🤮
Best of luck, Don't forget to hit that follow and to smash that like button! ✌😁✌❤❤❤
We will follow up with an update on this post.
Have an awesome weekend! 🍺🍺🍺
🥇MLT | MAJOR LEAGUE TRADER
BTC/USD WEEKLY TIMEFRAME ANALYSIS!!!-Trend line is being broken and supported, This coincides beautifully with the Support structure created by the failed HALVING PUSH.
-During the halving, Price was forced to stay above the 8000USD Mark. Which is a fantastic indication that price will remain above.
-Completed "M" Reversal Pattern. With a beautiful "W" Continuation pattern formation from the daily consolidation at the trend line and HALVING SUPPORT STRUCTURE!
-Another LONG indication is the strongly, CLOSE formed SUPPORT STRUCTURE THAT TOOK 2 YEARS AND 7 MONTHS.
Video with more detail coming soon!