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Bitcoinusd

Risk/Reward Bitcoin Setup ⛲Risk/Reward is the name of the game. In my scalping this morning I've taken 10 trades. I have gone on a losing streak of 10 trades in a row. After reading the books I've become aware that this is not unsual for a profitable system in the markets. I like the analogy of pulling marbles out of a hat. If you have an edge in the market then over the long term the marbles you pull out of the Hat will net you a positive R. However, in the short term you may pull out 10 marbles consecutively that do not net you anything. This is where trust in your experience and system will serve us as traders for a long time to come. Technicals : Price has arrived at our monhtly supply zone 29,305$. Price is up 9ish percent over 2 days. The Market is not random and I'm aware of that. 8 4hr candles in a row is not common and that is a fact. Combining these confluences..
COINBASE:BTCUSDShort
by ShrewdCatfx
Bitcoin price and altcoins future: dreams or nearest trueTwo months ago, we published the BTCUSDT idea with two possible price movement fractals As you can see, the green fractal is working quite well Today's fractal, which we took from the history of BTC trading in 2016, also fits quite well with the current behavior of market participants. The two fractals have an interesting coincidence: they do not predict a sharp rise in the BTC price. They show that in the past, in similar situations, there was a long consolidation in a narrow trading range with a smooth "creeping" growth. If we believe the fractals superimposed on the current trading situation, then the BTCUSDT price of will be able to update the maximum of 2023, above $31,000, only by the end of this year. What will happen to altcoins during this time? In order for altcoins to start growing, the dominance of BTC needs to start falling. At the moment, BTC.D has updated the highs of 2021-2023 and the growth potential of at least to 51-53% is now visible. Assuming that the BTCUSDT price will be trading in the range of $25,000-30000 by the end of the year, and that BTC.D will simultaneously falling to at least 44%, this will be "a ray of hope" for the growth of altcoin prices. The logic is as follows: while the BTCUSD price is trading in a narrow range for a long time, the "big money" may get bored and start to gradually transfer capital from Bitcoin to altcoins. Or pumps alts in BTC pairs is the technical aspects of the "magicians" In turn, this process may trigger the following: a drop in the dominance of BTC.D, the main thing is not to increase the dominance of USDT) pumping of certain "categories" of altcoins. By the way, we are still thinking about what "caste" of altcoins will be called the next "future of the crypto market", as it was with ICOs, DeFi, NFTs, or AI with Web3. the inflow of "new and fresh" money to the crypto market, because here everything is growing so fast that you can get fabulously rich in a matter of days) which can scale the pace and number of altcoin pumps. What are your thoughts on the above? Is it real? What type of altcoins will start the next alt-season? Share your thoughts in the comments. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
Bullish Descending Wedge ? ₿ Weekly S/R Level $24,363Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with the psychology of some players wanting to jump in the short/downside train. We'll see if a correction will change their minds as I can see a correction to clear out liquidity after we touch into a weekly S/R level ( 24,363$) . This Weekly s/r level was quite relevant during August 22' and February 23' .
COINBASE:BTCUSDLong
by ShrewdCatfx
Profit Taking after 5% Jump 🍞Profit taking for a trader is crucial because you must pay yourself for the time spent in front of the chart. So long as you follow the adage "Let your profits run and cut your losses short." It is a job and not a hobby/passion at the end of the day. We are playing with real money here! The market has ascended 5% and that is about the extent of the Average True Range when Bitcoin pumps or dumps. So you could roll the dice and hold to see if we run another 2-3% but why not stay disciplined. Price has reached a Weekly resistance level anyways. Pay yourself and go enjoy your life. Anyways there are some players who have been lying on the sidelines for a chance to jump in at a Weekly Level. Nonetheless I am just another talking head on Tradingview. Follow your Plan because if you believe in it, then it is the true way.
COINBASE:BTCUSD
by ShrewdCatfx
4
Bitcoin Potential DownsidesHey Traders, During today's trading session, our focus is on monitoring BTCUSD for a potential selling opportunity around the 27400 zone. Bitcoin is currently engaged in a downtrend and is in a correction phase, gradually approaching the significant support and resistance zone at 27400. In the upcoming week, it is advisable to closely monitor the DXY (US Dollar Index) in order to confirm the overall market sentiment. A strong dollar tends to exert downward pressure on Bitcoin. Therefore, keeping an eye on the DXY can provide valuable insights into the potential impact on Bitcoin's performance. By assessing the strength of the dollar, we can better understand the broader market dynamics and make informed decisions regarding Bitcoin trading. Trade safe, Joe.
Short
by JoeChampion
6
Bitcoin will go down by Ending Diagonal Pattern❗️❗️❗️Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal . I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
21
BITCOIN MAKES CLASSIC DEAD CAT BOUNCEAs you can see in the chart, this is a very simple setup: When we look at the big picture, we have a dead cat bounce breakout retest pattern. As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point. As targets we have the clear support levels and we set an stop loss at the last swing high, so in case the price goes against the position, we protect our capital. Sticking to ideas when proved wrong can be a very expensive mistake. Always be ready to change your mind.
Short
by piccard54
3
[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle - This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish - The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ ) - Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it -We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here - The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone - Shorts target for June is ( 22,009 $ ) Weekly Zzone
COINBASE:BTCUSDShort
by ShrewdCatfx
3
BTC Short and then Long respectively So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long. For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started. 3rd touch point on the channel support, waiting to see whether it rejects/goes through. A Rate hike of .25 basis pts appears to not be on the table for tomorrow but next month it is. Who know what will happen. This rally needs to cool off, grab liquidity at Demand zones and retrace before Longing and also fill CME gaps at 30 K ish etc...
BITSTAMP:BTCUSDShort
by Adrilogean
Capitulation before more Longs ♟️Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against major Crypto exchanges. ( Binance & Coinbase ) The Market is creating Lower Lows and Lower Highs on the Daily timeframe. With the current weekly candle closing bearish in 20 Hours, I can't help myself but observe some fresh bearish pressure to begin the new week. This is something I have observed quite frequently when the Forex Market trends. All markets come down to supply and demand and Crypto is likely more of the same. A Weekly candle will likely create top and bottom wicks but if it doesn't, that's why we exit the market to cut losses short.
COINBASE:BTCUSDShort
by ShrewdCatfx
2
BTC/USD Bullish FlagBitcoin is forming a possible bullish flag on the daily chart. MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down. Weekly MACD is negative and RSI is neutral. Keep that in mind. Greater trend looks a little bit more bearish than bullish. FED Meeting is in 44 hours. I wouldn't do anything too risky just before a FED meeting. What do you think? Comments will be appreciated.
BITSTAMP:BTCUSD
by AttilaTurkei
Don't Eat the Forbidden Fruit and Buy the High ❎The Market can do whatever it wants. The market may do as it wishes whenever it pleases. Like the wrath of a god. We are not gods. We are humans and not one of us is invincible. Therefore we must only take good Risk/Reward ideas. Buying up here is not a good RR Idea. Buying the High and chasing the market is Forbidden to professional traders. Just as Selling the low is. These are principles that the trader learns along the long and painful journey to profitability. This is how the Average man , through patience and diligence , may become the greatest of warriors. And line his pocket in ever-increasing quantities. Don't chase but allow the market to arrive at your level's. The latter has probabilities in favor.
BITSTAMP:BTCUSDShort
by ShrewdCatfx
6
Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰). First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰. In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴. 📚 Teaching Tip 📚: Mostly, heavy support and resistance areas are not broken with a single attack. Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY) . Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡 Time Reversal Zone(TRZ) 🟡. The end of the Double Three Correction structure can end in the 🟢 support zone($ 25,280-$ 24,410) 🟢. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
14
My bitcoin's analysis preferred alternative count On this bitcoin's daily chart, is showed an alternative to the first analysis, which suppose 5 waves are complete, and are followed by a combination three. there is a cluster arround the green zone, it represents a zone of confluence between the whole impulse retracement of 38.2% and the third wave's retracement of 50%, but there's more.. this zone is approximatly where W equals Y at one condition of course, and that is the top of intermediate wave (1) isnt overlapped, that puts the odds for another downmove arround the green zone, but as always confirmation is needed to validate this count in some form of reversal candlestick pattern or depending on each one's tool to validate the move , lets wait and see ... down below is my first count of the move, and as in every tecnical aspect of financial markets, the analysis is general , but the risk and the interpretation are unique to each investor
BINANCE:BTCUSDLong
by IntraFinance