Long Bitcoin for the cultureLong BTC here, pretty tight stop. Bearish patterns may start playing again and if so will calibrate, but for now looking for short squeeze here, under 200MA, deviation out of fallng wedge, falling out of larger diagonal trend line, head and shoulders pattern overshot target a little. Not advise, stops incase of flush.
Bitcoinusdt
Bitcoin BTC price analysis. Why you should be careful ?!The situation in the cryptocurrency market is interesting, as the whole world is watching with fear how American banks are "cracking" - the BTCUSDT price is growing rapidly, and these altcoins are trying to keep up.
We described our main scenario of BTCUSDT price movement and the calendar of "important events" until April 2023 here:
Today we want to share with you our "wave analysis" estimations.
The market is currently at a stage where there is a certain dissonance between the news background and price movements. Therefore, it should be clearly understood that now, and in principle always, we are trading "probabilities", the risks of which are controlled by stop orders!
The golden rule of trading: "The sooner you recognize your mistake, the less you will pay for it from your deposit."
Well:
We assume that the rapid growth of the BTCUSDT price requires correction. We assume that it is still possible for the BTC price to rise to $26790 today/tomorrow.
Then we can expect an equally rapid drop in the BTCUSD price, at least to $21000-21500. Accordingly, we will place the first pending orders to buy BTC and altcoins according to this assumption.
In our opinion, it is in the range of $21000-23000 that the trend of the crypto market price movement for April 2023 will be decided, but we will talk about this in our next ideas.
We are ready for a constructive discussion on wave analysis and the prospects of the crypto market in the comments below the idea. After all, it is in the discussion that the truth is born.
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BTC RALLY DUMPBitcoin has formed RALLY DUMP scenario, expecting to see reversal soon which is already happening, I believe that the entries for shorts hasn't been picked fully yet, we need to go up in-order to grab more liquidity for shorts in-order to be able to have a chance to destroy the people who are trying to catch up in the market, for that we need to fill the entries of RALLY DUMP scenario around the price of 25384 - 26K, where we also have got a 0.618 Fibonacci. I believe that the first target would be around 24455, the second Target would be around 22500 - 22189 where we will be placing longs from there.
btcusdt 4h uptade in last 4 days bitcoin almost pump upto 23%...
if you buy bitcoin few days ago for shorterm holding then i recomand you to book your profite.... now possible we see some correction in markete.
1st resistance of bitcoin at 25200$
2nd resistance area of bitcoin at 26700$
if you are looking for open position in short on bitcoin then i recomand you that currrently don't open any position in short till btc price cross 26700$.
1st local support area of bitcoin at almost 22800 ( small bounce back expected from this area)
follow me for more update about crypto.
BTCUSDTBITCOIN UPDATE ACCORDING TO OUR ANALYSE BITCOIN IS GOING WHERE WE ANALYSE
Friends, the advantage of waves is that you can use them on any time frame 🙆
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Patterns form in any market and any TF. You just need to decide where you feel most comfortable working. My thoughts below 👇
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🔴 15min - 1H takes a lot of time and engagement, it's tiring and leads to mistakes. Traders use high margin and often lose money + leverage.
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🟡 1W - 1M is a very long time, it is more suitable for investors, and it requires a lot of capital. The patterns are clear and strong.
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🟢 From experience I realized that my choice is 4H - 1D. No need to spend all day on charts, good work/life balance, good market movements, patterns are well distinguishable. It requires patience, which most traders do not have. It takes you to the next level if you have the discipline.
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🚥 If 4H - 1D is for you, let's trade together!
several hard weeks for BITCOINthis is a speculation of what we might see in future behavior of market.
there are two not-that-powerful anchors for btc to pullback, with sharp and shadowy movements in a way that many people again forget about the bearish momentum.
so be careful about your positions.
for the next drop or jump, we should follow and trace this neutral movement ahead.
leave comments please
Bitcoin price buy zone and an "events" calendar until April 2023For the past two weeks, we have been warning about a possible fall in the crypto market in our ideas. Congratulations to those of you who were not lazy and have been reading our ideas!
In particular, at the beginning of the week, we wrote about the potential for a drop in BTC price and altcoins prices. By the way, USDT.D still has at least 7-8% growth potential
We will not repeat ourselves, but we will fulfill what we promised at the beginning of the week.
So, here is the calendar of events in the financial world, which will greatly increase volatility in the crypto market on important days:
today, 10/03/23 - unemployment figures in the US
14/03/23 - announcement of the US CPI (inflation). If the figure is higher than expected, the markets will be pushed even lower.
17/03/23 - quarterly expiration of derivatives - after that, there may be the first fresh resources to buy back the markets, in particular the SP500 and, accordingly, the crypto markets after it.
22/03/23 - announcement of the new FED rate. The size of the rate hike will directly depend on the announced unemployment and inflation figures. If a month ago, 90% of respondents were confident in a +0.25% rate hike, as of now, the votes are divided: 56% for +0.5% and only 44% for +0.25%.
The rate is approaching the levels of 2007, before the global crisis - we are not scaring you, just stating the fact.
30/03/23 - US GDP data will be announced
31/03/23 - expiration of a large batch of BTC and ETH options
As you can see, the next 20 days promise to be very busy, and accordingly, the volatility in the market will be greatly increased. + FUD is being thrown into the crypto market.
Our tips for the coming weeks:
completely eliminate leveraged trading, because increased volatility = a high probability of deposit liquidation
place orders to buy BTC or altcoins you like below current prices and put them by the grid to get a tasty average price.
For example, the range for buying BTCUSDT is a wide liquidity zone of $18000-19800
and of course: like the idea, write a comment and subscribe to P_S_trade to be informed about new cryptocurrency ideas in time
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BTC: Pullback in UptrendBitcoin (BTC) technical analysis:
Trade setup : Price got rejected at $25K again and pulled back sharply to $20 support, which is also a 200-day moving average and a critical level to hold in order to maintain an Uptrend.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $20.0K, then $17.5K. The nearest Resistance Zone is $22.0K (previous support), then $25.0K.
BTCUSDT 3HR REVERSAL TIME SOON.Currently forming a falling wedge which is a bullish sign, meanwhile if we check on the last 3 days we could notice that we have been forming a one time-framing low on the Volume Profile so we might need to retest down a little bit more. We believe that 21770 - 21555 Would be a good entry for bitcoin longs, it will be the area where we "Might" break above the falling wedge.
BTC: Short at high levels and long at low levels
Yesterday, Bitcoin fell below the previous low during trading, hitting a new low. This indicates that the first phase of the decline is complete. However, there is a flaw in that it is still 500 points away from the critical support level of 21500. The probability of a rebound at this point is gradually increasing, but since the trend is still bearish, shorting at high levels is still the main strategy.
The trading strategy is to short at 23600, with a stop loss at 24200, and a target of 21500 to 21400. Alternatively, if it falls to 21400, go long with a stop loss at 20900 and a target of 23600.
Don't let past regrets interrupt your current plans, and don't let anxiety and worries disrupt your steps forward.
As winter fades into spring and the sun rises and sets, every moment is precious. By appreciating the present and living each moment to the fullest, we can reap the rewards of a rich and fulfilling life.
Bitcoin: Long at this position
Hello everyone, after a big drop, Bitcoin has been consolidating and today I'm sharing my view on Bitcoin using a 15-minute chart.
As you can see on the chart, there are clear and regular box ranges. Since there are such clear signals, we certainly can't ignore them. I have marked the specifics on the chart, and it will be clearer for you to compare it.
My trading strategy is to buy in the current range of 22300-21800, with a target near 22900-23800. This is relatively certain, and the probability of profit is relatively high .
The reason for this trading strategy is that I believe Bitcoin will rebound to fill the gap created by the recent big drop.
Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a comment and I will help you with the most reliable solution in a responsible manner.
Have a great day!
KINGUSDT ChartCurrently forming Cup and Handle pattern, this coin has got low marketcap, good chance of pumping soon.