Bitcoin in Descending Triangle Pattern#Bitcoin 4hr #TA at #Binance
As per Complete cycle of #BearishExpansion #TriangleWaves of #BTC wave, at present Downtrend wave moving on #Descending Triangle Pattern and will be finish on 27th Feb. around at $21.8k, While #BTC still into Triple #BullTrap mode...
Bitcointrading
Bitcoin Wants To Dump Further After a RetracementBTC/1H after breaking the downwards parallel channel , we bounced back at ~23.7 (blue up trend line) and started to goin up for a liquidity grab ( might touch the white horizontal line or pink trendline)
After that it will continue back down to 21.7 or even ~20500.
Dont foget bitcoin pumped when NY stock market was consolidating so we have lots of fake pump to remove
detailed explanation on
Ive decided not to record videos due to low mic quality. new mic will arrive friday night.
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The Bull Run Is Coming! - This is what it all meansAs always, interpreting what BTC is doing is relatively simple if you keep the message simple. The main battle is still happening on the weekly timeframe, and this is why: For years, BTC has used the 200MA on the weekly timeframe as support, and we lost that support in June of 2022. In order to have a recovery, BTC has to simply climb and close at least three times above the 20MA. What does it mean that we've been trying to go over that white line for over three weeks now without success? Specifically, it means that every time we hit the line, sellers show up, but not that many. It means the majority are in it for the long haul. How can we tell that? Every time there is a selloff, we only go down a few percentage points; it is not a full-on meltdown. - Please take the time to boost this idea.
Looking at a faster timeframe to predict the future:
On the daily timeframe, we can see that we have exited the range BTC fell into back in June as well. We can also see that we have closed a few times outside the range and are currently testing it. All of these are signs that Bitcoin wants to go over the 200MA on the weekly this time. Incursions with the purpose of trying to go over resistance -- in this case, the 200MA on the weekly -- not always succeed in one or two attempts unless the strength of the recovery is very strong. Every step BTC takes tells us more about what will happen in the next few months.
Everything we see on the charts so far is positive, but all this talk of the mega bull market and blog pieces about how spectacular this bull run will be can only mean that the rug can be pulled out from under us any day. This is a warning for short-term traders, long term trades should be ok. Trade carefully and keep in mind that this is a game being played on a global scale. You are playing against computers, experienced players, and the market. My advice is to not just read the lines but to read between them.
VERY IMPORTANT: Hitting the "boost" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
BTCUSDT (BITCOIN) Daily: 31/01/2023: Is 25k reachable?
Well, you can see the possible scenarios on the chart.
Personally, I think the price will go up for liquidity above 25200.
Bullish scenario:
The price can have a bullish reaction on 22300 to 21600, or after touching the demand zone creates a bull set up in a lower time frame and then rise.
Bearish scenario: The price can not break the 23K to 24K zone that is a supply zone now. So the price will fall to lower levels such as 20400 and 18400.
💡Wait for the update!
🗓️31/01/2023
🔎 DYOR
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BTCUSD It's 2019 all over again! Brace for Rally Phase 2!Bitcoin/ BTCUSD is on a 2-day bullish streak, filling the gap from the Feb 9th fall.
The pattern is a mirror image of the February - May 2019 Rise pattern. Starting with an Accumulation Phase, then rallying strongly on Phase 1, paused for Consolidation over a Rising Support and off to Phase 2 for the next rally.
Trading Plan:
1. Buy on the spot.
Targets:
1. 32000 (little under the 2.0 Fibonacci extension).
Tips:
1. A Golden Cross had short term the opposite effect, pulling the price downwards.
2. The rebound that started Phase 2 of the rally happened when the 1day RSI crossed over its MA.
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BITCOIN NEWBORN Ver.2Previous maps have factored in BTC's journey when the price was at 25k which fell to 15k.
everything is very precise, but unfortunately, it turns out that the map cannot be published due to problems with language and domicile regulations!
And now, I'm just looking at the equivalent of Bitcoin's current state (Feb 2023) to 2020 Feb, in 1M TF .
It all starts with a rising wedge pattern and there are brekouts and brekdowns within it (it's more of a long rising wedge )
I'm sure February 2020 will happen again. And we are currently in the red candle (1 Feb 2023) at 21.8K as of this note.
and again, I really believe Bitcoin will arrive at 60k-150k.
you can see a rough price range for this movement of Bitcoin.
Bitcoin Weekly Chart ReviewToday you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD).
BTC was recently rejected near the top of the Major Support and Resistance Line which I pointed out in a chart on January 22, 2023 (included in this chart). The BTC price is headed lower and may possibly hold at the new strong support area noted on the chart. That is also the area of the Keltner Channel median line. Another concern is a Death Cross (50 and 200 SMA) is incoming very soon. This may cause the price to head lower heading to the bottom support line outlined in the chart. Lastly, RSI has turned over heading lower. Volume is making a lower low as well.
I see four scenarios at this point: 1) price heads to $15K, 2) price may see a bounce at the strong support area near $20.5K and bounce back up moving higher, 3) similar to scenario 2 but price will get rejected at the top of the Major S/R line forming a double top then head lower to $15K, and 4) price will go sideways for a few weeks for the RSI to cool down before any major move.
Overall BTC price looks concerning. Be careful.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
ICP Trading plan for those who are out of position / long setupSo , today I decided to share with you my trading plan for this coin , this is due to the fact that most likely now a lot of people have missed the growth and comfortable entry points for altos , and in the market as a whole , and there are probably such among my readers , too , so right now I will tell you the whole plan for recruiting positions with excellent medium - termgoals .
Let 's start with the current situation , we have a clearly formed head and shoulders figure , its border is broken , which means it is confirmed . I believe that the price will continue its decline to the key support block of 5.2-4.9$, this decline fits perfectly into the structure of the market, it will demolish the stops on a similar decline in Bitcoin, thereby cooling the overheating. Why is the decline in this particular block ? This. the range is very strong and valid , and also confirmed by time , pay attention to how the price reacted in these price values .
Now , after we have identified a block that is comfortable for a position set , we begin to gradually gain a position , in this range we gain 50% of the allocated amount and put a stop that I marked on the chart , the execution of this stop in my opinion breaks the ascending structure and shows weakness . In general, you scored 50% of the amount that you allocated for this transaction and set a stop, now it remains for us to observe and get a position according to the buyer's reaction (noted on the chart), IT is IMPORTANT to do this on a clear confirmation and fixing on local time intervals (4h), so you have carried out another set already with CONFIRMATION that on our market is extremely important .
Congratulations, the main work is done, now we are just waiting for the full absorption of sales (falling) and already after the breakdown of $ 6.1 we add the final remaining amount to the position and hold it to our goals, after a bold breakdown and exit for $ 6.2, you can safely transfer the stop to no loss, it is important to note that your amount of addition should decrease, thatit would be hard not to shift your entry point .
If you have any questions about the transaction , I will answer in the comments , write . There are also a lot of current setups on the channel . Good luck in trading
Bulltrap idea for Bitcoin $25,000 then dump with CPIThis could very likely be a scenario for mm's to push price up when lots are bearish currently to generate enough liquidity to for mm's to sell at these levels before dumping the market.
I think its currently a beartrap and am longing one last time before the real dump.
NFA
THE BULL RUN, MILLIONS WILL MISS.The chart prints are never a mistake, it is for our learning and direction. BTC to 10k is not happening, don't miss this opportunity to buy when millions will be thinking a little retrace is taking BTC to 10k...Be wise the chart is the only chat you need to interact with, not some gurus.
Bitcoin Idea |BTCUSDBitcoin - BTCUSD and BTCUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
BTCUSD (02/02/2022)Bitcoin Intraday Analysis (Bitsmap):
As we have been able to see in the macro scale of the charts published in previous weeks, the key indicators in the Bitcoin cycles have been warning us of the theoretical price bottom of around 15K.
Today we are going to try to introduce this theoretical bottom with the end of the bear market and the possible introduction in a few weeks of a new period of pre-halving accumulation.
Some of my Intraday indicators to show this proximity to new movements are the ones shown in the chart:
- Exit of the high selling pressure funds in the PA, introducing new touches in the high area (buying pressure)
- Exit from the consecutive lows of RSI introducing new rebounds in the band of maximums or overvaluation.
- First cross of MAs moving averages and closeness to the second bullish cross.
- Temporary end on a logarithmic scale of the bearish stage
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Análisis de Bitcoin Intradia (Bitsmap):
Como hemos podido ver en la macro escala de los gráficos publicados las semanas anteriores, los indicadores clave en los ciclos de Bitcoin nos han ido avisando del fondo teórico del precio entorno a los 15K.
Hoy vamos a intentar introducir este fondo teórico con el final del mercado bajista y la posible introducción en pocas semanas a un nuevo periodo de acumulación pre-halving.
Algunos de mis indicadores Intradía para mostrar esta cercanía a nuevos movimientos son los mostrados en el gráfico:
- Salida de los fondos de altísima presión de venta en el PA, introduciendo nuevos toques en la zona alta (presión de compra)
- Salida de los mínimos consecutivos de RSI introduciendo nuevos rebotes en la banda de máximos o sobrevaloración.
- Primer cruce de MAs medias móviles y cercanía al segundo cruce alcista.
- Fin temporal en escala logarítmica de la etápa bajista