Bitcoin sell the resistance.BTCUSD - Intraday - We look to Sell at 36383 (stop at 37505)
Daily signals are bearish. 20 1day EMA is at 36500.
The overnight dip was bought into and follow through upward pressure was noted.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our profit targets will be 33609 and 32609
Resistance: 35000 / 36500 / 37500
Support: 34000 / 33000 / 32000
Bitcoinusdt
Bitcoin Forming Double Bottom Pattern! BTCUSDT The title explains itself, as you can see, the chart already made the first bottom, we're currently waiting for the second bottom to happen, after the second bottom forms, we could see a potentiel breach at the neckline, after the neckline is breached, we need to see some buying pressure to confirm our entry!
Not a financial advice.
BTC We buy the dip!BTCUSD - Intraday - We look to Buy at 29913 (stop at 27888)
Offers ample risk/reward to buy at the market.
Pivot support is at 30000.
Daily pivot is at 28850.
Dips continue to attract buyers.
We look to buy dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 35711 and 36877
Resistance: 31000 / 33000 / 34800
Support: 29000 / 28000 / 26000
TheKing & GannThis is just a speculative very short term analyse using GANN on H4 Timeframe. i will make it Quick.
Simple :
- Orange Zone = Triangle Area
- Green Rectangle Zone = Consolidation Zone ( Between 31k-41k )
- Break the Triangle red line = Bullish
- Break Down under 30k ish = Bearish
- Can Notice a possible H&S Pattern on his way
- My advise for now, No Momentum to play, we are in a middle of a fighting Zone. Wait for a Breakout. (94 H4 Bars = Around 15 days )
Happy Tr4Ding !
BTC Death CrossBitcoin is about to create a "Death Cross", which is basically when the 50 EMA (teal line) crosses down the 200 EMA (orange line) on the daily time frame. Generally this is a bearish signal. (The opposite would be considered a "Golden Cross")
As intimidating as the name is, our sentiment is still bullish on Bitcoin. It is constantly gaining adopting by institutions and entire governments. We may see more bearish movement in the short-term, but on the grand scale of things cryptocurrencies are only getting started. 🚀
Bitcoin Death Cross Fakeout BTC going to 45k soon!Hi in this scenario i don't see Bitcoin going lower for now. I think we are in an intermediate wave 3 (white) inside an Main wave 3 (yellow). Market makers are playing the market sentiment game with the death cross, im far to be a fan on Moving Averages Crosses. Also i can simulate a W pattern that is bringing me to approximately between to 49870$ and 50758$on this B wave.
Have a wonderful day
BITCOIN: Small relief before the DUMP or bounce off support?BTCUSDT is now at support, we are also still in a downtrend and volume has also steadily fallen.
We are probably going to range for a few more hours before any other serious move.
It could potentially be another build up against support before we push down to the lower part of the range.
But could also be a consolidation...
Right now, we just need to be cautious in either direction.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
BITCOIN: 40K REJECTED FOR NOW?BTCUSDT has failed to close above 40K and break out of this range. (41K to 31K).
Volume is also going down, signifying a lack of the necessary build-up to breakout.
It seems we are going to continue ranging for a while, with more consolidation in the middle to lower part of the range for now.
Bitcoin sell the retest.ETHUSDT - Intraday - We look to Buy at 2307 (stop at 2222)
Daily signals are mildly bullish.
Pivot support is at 2306.
The previous swing low is located at 2252.
Dips continue to attract buyers.
The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment.
We look for a temporary move lower.
Our profit targets will be 2535 and 2615
Resistance: 2550 / 2630 / 2700
Support: 2400 / 2300 / 2250
BTC Buy the reverse trend line.BTCUSD - Intraday - We look to Buy at 37313 (stop at 36246)
The primary trend remains bullish.
Reverse trend line support comes in at 37400.
20 4hour EMA is at 37300.
We look to buy dips.
Dips continue to attract buyers.
The trend of lower intraday highs has also been broken.
Our profit targets will be 40484 and 41484
Resistance: 40000 / 41000 / 42000
Support: 38800 / 38000 / 37000
Does The Bitcoin Accumulation Completed?Hello, traders!
Since the price of Bitcoin drop to $30K the trading range was formed from $30K to $42K. The price action inside this range contains 3 phases.
1. The blue trendline resistance 1 breakout was the end of downtrend and the price entered the sideways market.
2. The price found multiple resistance on the orange trendline resistance 2.
3. The price started to form the upward trend channel making higher highs and higher lows.
Which scenarios can we anticipate in the future?
1.If this is the end of the accumulation phase, the price should form some sign of strength before the global resistance breakout. For example, it can follow the green scenario and find support at the lower band of the trend channel, after that continue to move in the upward direction. This is the most bullish scenario.
2.The blue path is the another possible scenario. The price can break down the channel but find support above the trendline support.
3.The most bearish scenario is the red path. This scenario means at least the sideways continuation, and the breakdown below 30K is also possible.
To sum up, we should pay attention now to three lines: the lower band of the channel, the trendline support and the trendline resistance 2 because the breakdown of each line changes the possible scenario. At the same time, the most important resistance line is the $42K, we can talk about some bull market continuation only after it's breakout.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
BTCUSD: And even more bad news for bears!Hello my friends!
It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.
You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see.
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Let's see what happens.
Happy trading. :-)
BTCINVESTING
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My 2. Post "Another bad news for bears!" Jun 7, 2021
My 1. Post "Bad news for bears!" May 31, 2021
My Post Apr 18, 2021
My Post Nov 19, 2020
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
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Will Bitcoin repeat the same movement?I don't care the symmetrical movements in my analysis. But I will try to evaluate the 22k area in case there is a possibility of the same movement here. It broke the trend in the first circle and lingered on the trend for a while, after which it is known.
It broke the trend in the second circle that is starting to form now and the contact continues in the trend. We will see what will happen.