Scalping Bitcoin on the 30m - Day trading Bitcoin?At this time I've decided to try using stoch rsi,williams alligator, macd, and rsi to scalp on the 30 minute.
I am using btcb through Pancakeswap. It is bitcoin but on the bep20 binance smart chain network. I use the corresponding chart which is btcbusd for binance. I use dexscreener's chart for btcbusdt and I use the trading view chart as I mentioned.
Over the course of many years I've been watching bitcoin move but never took the opportunity to try to day trade this way. It can be a very bad idea because of such high volatility you could suddendly have a huge swing throwing you off course.
I am usually a swing trader. Sometimes I'm able to make a profit when I do one trade and it usually takes a month. I haven't found very many of those. I was afraid to take the chance and I'm glad I didn't with everything that's been happening in the world making crypto go down. It's hard to concentrate on crypto when so many bad things are happening around the world.
In good news Rex Token is launching June 25th. Its at rex.io and it's a certificate of deposit on binance smart chain. more about that later.
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Trade
At the current time of 11:19PM EST 6/20
Bitcoin has been swinging from $19798 to $20,760 and that could of been the trade. That would of been some decent profit.
Now I see the stoch rsi going down and we wait for it to get to the bottom before putting in for a limit order around the bottom. It doesnt look like I could name the bottom just yet. Could it be $20,020 for the entry and wait to see what we could do for a nice top to sell?
Do you feel like trading like this?
Overall I think the bottom is around $17700 but I don't think I would stick to a position right now for long term trading besides USDT since we could go to any type of low imaginable with how things are today.
Bitcoinpriceprediction
Bitcoin trading channel June/July predictionthis is a similar scenario to trias, which was provided in my previous post.
I am not sure how long we will be in this channel but it does give us any idea when a breakout is expected and an idea of the grand scheme mid term for bitcoin.
for trias i think we will ride higher in the channel until it crashes right after bitcoin finds its bottom. I dought this is the bottom for bitcoin, maybe 18-16k quickly but I dought anymore than that.
Where Will Bitcoin (BTC) Go From Here? Even though the market has been extremely brutal, there are some key levels I'm looking at to start buying/DCAing into Bitcoin.
The indicators I have on the chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and the RSVP Extractor (mine). I have the Weekly chart up for BTC because that gives the best overall data for buying support whenever you have a downtrend as strong as we've had.
As you can see on the chart, the next major level of support is around 19-20k. This was the previous ATH in 2017 so it's obvious why it's a big support now. Along with this, I also have a huge descending wedge draw (teal lines) which is a bullish pattern that usually breaks to the upside. With that said, we can technically ride the trendline support all the way down to 12k which seems horrible (but it only is if you're not ready for it). The big things I'm looking for is a "Buy" signal from the Whales buy-sell indicator, a Green dot from VMC Cipher B and the RSVP Extractor to start curving to the upside. Until then, I will lightly DCA at 19-20k, 16k, 12k, and even 9.5k if we get there. If we do bounce from here, there is big resistance near 25k (previous wick down and 200 EMA) and major resistance at 30k.
TL;DR
Major support levels for BTC: 19-20k, 16k, 12k, and 9.5k
Major resistance levels: 25k and 30k
Possible descending wedge forming with major confluence support at 12k
If you enjoyed my TA and have any questions about it or the indicators I use, please leave a comment below or send me a DM :)
BTC/USDT BEARISH CONFIRMATION!The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
Bitcoin bottom prediction these are potential paths i can see for the bottom of bitcoin. we have broken the trend line , which could reverse but most likely we are headed to find a bottom. my most probably scenario would be 22k, maybe only a wick but it would stop everyone wanting to long at 20k. the other scenarios could play out but i do not think it is very possible, for those scenarios we would need to be in a larger scale depression which could easily be the case but at that point i believe money would be coming into bitcoin and it would detach from traditional markets, this may only be a wick to roughly 18k.
bitcoin price prediction june 8th- june 13ththis chart is exploring one of the possibilities i had listed in my last chart.
we are about to test 28000 again and i do not think it will hold, i see either,
a slow bleed to 20000 area or
capitulation after breaking 26500
either way i suspect a bottom will be in late june or early july and we will bounce back quite quickly, early 2023 maybe, trade sideways until 2024, new ath
bitcoin price prediction june 6th (UPDATE, READ DESC.)THIS IS AN ADDITION TO MY PREVIOUS POST, PLEASE VIEW THAT FOR AN EXPLANATION ON THIS.
I see us wicking above the daily 21 horizontal ema then dumping which is represented by the purple line, currently most probable, please note this time frame is only about 2 days for this move to occur
bitcoin price prediction june 6th-15ththese are the paths i can see bitcoin taking over the next week, all of these becoming a top before we get to 20-22k which will be the bottom.
I see the top and bottom paths not being very likely, second top could be a scenario but I believe the 2nd from the bottom will be most likely.
I see a slight pump if any then trading sideways for a few days to a week then dumping hard.
THIS CHART IS NOT BASED OFF OF TIME BUT IT BASED OFF OF LEVELS, meaning this could play out in a few weeks or within the next few days, although this would be unlikely.
this analysis is looking for a hard move but I could also see us trading sideways until july.
PLEASE NOTE, a drastic move in the traditional markets could easily sway and invalidate this chart, however I see that unlikely and would bank on one of these playing out.
the price action of bitcoin may not play out at the exact time lengths I have chosen but could be shorter or longer, but the levels (prices) would be the same.
Bitcoin - range trading Bitcoin continues the price action with low volume, low retail interest and small movements. The best you can do in this situation to preserve your wealth is to just trade the ranges. There are 3 clearly visible and very strong channels, which you can trade now:
1. LOW RANGE - currently we are sitting in this range. 28000 - 32000$, long the support and short the resistance - simple as that. Beware of spikes in both directions and use a proper stop-loss. If the support is broken (with a daily close below 28000$) I expect a retest of previous all time high around 20000$.
2. MIDDLE RANGE (32000 - 37500$) - a range that can be very interesting, because we have many major resistances in between. MA100 and MA50 on the daily are located around 34000$ and could change the game in the range.
3. UPPER RANGE (37500 - 48000$) - this is the range before new bullish momentum and a new all time high respectively. This is the place you would like to be, but I don't see it in the near 2-3 months.
TRADE SAFE!
BTC sideways till 2022 Q4?A huge falling wedge and a price pattern from 2018-2019. Are we going to have a happy ending year?
I believe the worst has already happened, but we may test the lows once more and then continue sideways till end of September 2022. A plenty of time for those who want to do Dollar Cost Averaging (DCA) in BTC & Altcoins.
Only Some Will Survive !!!History repeating itself as bitcoin is clearly resembling the patterns from the 2008 dot com bubble. I personally believe that the total crypto market cap will come down to the 500-600 billion range and many Alts will get absolutely reckt!!!
Not a financial advise, not a financial advisor either :))
🔥 BTC / USD — Bitcoin Trading Mid-May 2022🔥Hey there, its Artem and here is update for upcoming week for Bitcoin.
After Bitcoin breaking below $37,000 it making impulsive moves down. Now taking $34,000 zone and might take a short recovery week during mid-May.
Expectations near $37,000ish and possible continuation down to $29,000 and $24,000 support regions in next 6 months.
Currently waiting in cash and taking small risk trades counter-trend (long) to $37.000 to see whats happening next.
Stay safe
Pray for Ukraine
Best regards
Artem Shevelev
Bitcoin about to break out bullishBitcoin has been test and retesting the rising support line build ever since Jul 2019.
Yesterday we tested this support line yet again.
Keep in mind both on the weekly and the daily we are in a triangle that screams for a change of trend.
I would argue we will see the long expected trend reversal upwards.
There is currently no new news in the market and institutional investors have been stocking up on Bitcoin (BTC).
There is been a huge order book on the buy side for weeks now keeping Bitcoin from dropping further.
The time seems to have come for the switch.
I would consider a daily close above the triangle bullish.
If we can reach $42.5k it gets super bullish and if we close above the weekly triangle we are can have a seat and ride on the bull.
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#Bitcoin's Sharp Reversal is Squashing Bulls, Path Back to $39.5Past Performance of Bitcoin
After sharp upside moves in the European and early New York sessions on April 21, Bitcoin prices plunged to close the day as an inverted hammer. The long upper wick points to strong selling pressure, unwinding gains posted in the days as prices reacted from the previous support--and now resistance--multi-week trend line. Based on the development in the daily chart, #BTC seems to have completed a retest.
Bitcoin Technical Analysis
Traders remain apprehensive at spot rates. Even after the complete reversal of April 11 losses and the close above the $42.5k level, sellers didn't sustain prices above $42k, indicating weakness. The uptrend has been nullified following the April 21 inverted hammer and prices trending below $42.5k. Prices are pulling back from the liquidation trend line, completing a retest. Sellers might ride with the newfound trend, targeting $39.5k in what could be a bear trend confirmation of the April 11 leg down.
What to Expect from #BTC?
The reversal from April 21 highs pours cold water on bulls' momentum. Since prices are now back within the April 11 trade range and $42.5k, the selling pressure of April 21 may spill over, possibly forcing BTC towards $40k in the short term.
Resistance level to watch out for: $42.5k
Support level to watch out for: $39.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin is about to have a huge move to the upsideIn this trend analysis, I show that Bitcoin has formed two bullish patterns which are about to break out to the upside.
The first one is a double bottom and the second one is a Bull flag. The interesting thing is that both patterns have the same price target of around $56500