Bitcoindollar
Bitcoin sell the downtrend.BTCUSD - Intraday - We look to Sell at 39584 (stop at 40505)
Daily signals are mildly bearish.
Trend line resistance is located at 39600.
Broken out of the triangle formation to the downside.
We look for losses to be extended today.
Our profit targets will be 36848 and 35848
Resistance: 39800 / 40500 / 41000
Support: 38800 / 38000 / 36800
We buy your pains. 41,174$ is valid.we were so scared that we started collecting it early.
It does not touch us 20 thousand even if it comes to 10 thousand, even if it comes to 3 thousand, 1 thousand dollars does not touch it. just don't close.
Not investment advice, you could lose all your money.
Don't forget to set the stop-loss and Tp points.
The more we get scared, the more we want to buy.
Unfortunately. It has the opposite effect on us.
Set your tp and stop points.
it is not investment advice. You can lose all your money in crypto or you can wait 10-20-30 years.
Calculate your risk.!
Share your risk.!
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Possibly more downside for Bitcoin!Hey Guys
*Quick disclaimer this is not financial advice, I am an amateur investor and any decisions should be based on your own research and not my speculations.
Bitcoin had been travelling in a downward parallel channel before breaking with strength to the upside. We then have points of support and resistance indicating an upward parallel channel.
We have seen some weakness on the upside with long-wicked candles, the 4 hour and daily 200 EMA (sitting approximately $40,000 and $40800 respectively) is appearing to be a difficult barrier to break convincingly so far. Volume is low in each direction, however if a breakdown continues to form we could expect a retest of the previous downward channel.
This would be at approximately $37,600.
If these breaks then we could retest the lower trend line of the upward parallel channel at approximately $36500.
Right now we are seeing support at the mid point of upward trendline at $38,800.
What do you guys think, are we heading down, are we going to rebound or are we going to see a little more sideways before more upside?
Bitcoin The MirrorToday i won't talk much about TheKing price action but just show some interesting facts.
- i took the bullrun chart from January to March ( Shadow on the left) and i mirrored it near the Bearish fall down ( Shadow on the right ) , from April to June... and wtf ? , the Dip is same as the Pump, it's just inversed. Pretty weird but pretty clear.
- i am also not a fan of patterns but you can notice an umperfected Head & Shoulders. confirming the mirror.
- BTC is now looking for a new Bottom Zone, you can see in the chart that we multiple Bottomed many times around 28,000$ Zone.
- if we break down this multiple support Zone it could lead BTC to retest 20k
Stay S4fe!
Happy Tr4Ding !
BITCOIN What I see happeningIdea for bitcoin
I believe support will be found soon and the bull move will be continued
This to me is just a pullback within a larger scale bull market , I wouldn't worry if you are long.
And if price does drop down lower it grants you the opportunity to add when price is much lower!
BITCOIN: Build up, before breaking resistance?In this range we have, two big areas of support and resistance, they are the lower and upper parts of this range respectively.
Marked with thinner lines we have the smaller support and resistance lines within this range.
Right now BTCUSDT is building up against the resistance of this range (30K to 40K), we have a clear uptrend towards resistance, before the move stalled.
This could mean a build-up against resistance, before another attempt at a breakout, that could potentially put us above 40K if it's backed by volume.
We should be careful though, as a false breakout with a strong rejection is also possible.
Also, if the structure created by the trendline against the resistance, is broken down, we could very well go to the lower part of the range and stay there for a while.
BITCOIN: Getting ready for a PUMP?We managed to enter the ichimoku cloud, meaning we could move upwards within the cloud for a while, so far no rejections of the cloud pushing us down.
We have both the upper range resistance and the 180 EMA above us, both are pretty strong.
If BTCUSDT can consolidate for a while within the cloud with higher volume, a breakout is possible, leaving the cloud below.
A possible Bullish kumo twist could form right ahead of us, another bullish signal that could futher confirm bullish price action.
BTC in a minor channel still.need a clear break above the minor down-trend line for continuation to 40k -41k.
This area is criticle.
will explain more below. once it moves in any direction.
The reason I'm focusing on BTC at the moment is cuz the entire market follow exactly like how the world economy follow USD.
BTC Sell the retest.BTCUSD - Intraday - We look to Sell at 35966 (stop at 36908)
Daily signals are mildly bearish.
Trend line resistance is located at 35500.
Previous support, now becomes resistance at 35500.
Reverse trend line resistance comes in at 36000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Broken out of the triangle formation to the downside.
Our profit targets will be 33404 and 32404
Resistance: 35500 / 36500 / 37500
Support: 34500 / 33500 / 32800
Last Flight to (72-78) Before the final fall -8/000as I said before
We will see the last bitcoin flight
These few days because of the negative news coming from all over the United States and China
Had slowed the uptrend
We will see the last ascent
And then the historic fall to the -8000 channel
I had already told June 5 to fall
I apologize to my friends for this delay of a few days
But my opinion is the same as before
And this will happen with only a few days difference
BITCOIN: AT RESISTANCEWe just made contact with resistance!
Let's see if we can consolidate between this resistance and the 180 EMA for a while before breaking out.
With volume building up and price consolidating in this area, we might get a good shot at a breakout.
We only need to be careful with strong price rejections.
As always, practice RISK MANAGEMENT, keep your losses short, always use a Stop-loss and trailing stops.
BITCOIN: Careful in the cloud.We are just about to hit the ichimoku cloud on the 4hr TF.
Let's see if we can get some volume to back further movement up.
We might also get a strong rejection pushing us back into the lower part of the range.
The best bullish scenario (saving a massive PUMP) looks like this:
1) We enter the cloud backed by a surge in buying volume
2) We consolidate against the 180 EMA and the resistance of the upper part of the range
3) We break above the cloud and leave it below us, starting a new uptrend
The bearish scenario (saving a massive DUMP) looks like this
1) Strong rejection of the cloud
2) We go back in to the lower range and conslidate there with lower volume
3) We breakdown below the range and turn it into resistance
Right now we can only wait and see, be careful and always practice proper risk management with Stop losses and trailing stops!
Bitcoin: Careful with the dead cat This strong downtrend for BTCUSDT seems to have found a range to consolidate for a white and maybe even reverse
Today we are seeing some action on the upside, but with very little VOLUME, this could probably mean a dead cat bounce.
We should be very careful around this things, the downtrend has been very strong and we have quite some heavy resistance above us.
Resistsance right now:
180 EMA
ICHIMOKU CLOUD
40K
If we can get some volume we might still remain in the range, and start consolidating on the upper side of the range, if we also enter the ichimoku cloud we could move back into the 40K's.