Bitcoinusdt
BITCOIN SHORT TERM MOVEMENT BITCOIN is moving around a range it's stuck between 38k to 32k for few days . If BTC breaks its major 32k support it will come down to its major 25k to 24k support and next 21900 to 20k. But if BTC can stay above 32k it will again retest 40k next 42k resistance and if successfully break this resistance it will move towards 50k. Ranging is good for Altcoin Always. Besides BTC Dominance is going down hope soon Altcoin run will start.
Short on bitcoin - short/mid tremshort/Mid term - short position
Potential 10%
key notes : high risk at the moment
Leverage 3x (optional)
Entry level 35000
TP1 32600 use stop trailing
TP2 30900
SL 37100
raise SL at tp1
BITSTAMP:BTCUSD
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Bitcoin buy a break setup.Bitcoin - Intraday - We look to Buy a break of 39055 (stop at 38345)
Daily signals are bullish.
Pivot resistance is at 42000.
Our outlook is bullish.
A break of 39000 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Expect trading to remain mixed and volatile.
Our profit targets will be 41184 and 41984
Resistance: 39000 / 39800 / 40400
Support: 38000 / 37000 / 36300
BTCUSDT 2nd leg down in progress. Near term levels to watch...Strong pullbacks always have at least 2 legs so I think here it is finally. Recent lows need to hold for the bulls and need to break for the bears.
I have 33,000 as a support, followed by 30,700 (previous bounce area--- check 4HR Chart below).
BTC Analysis ☆☆☆ Bitcoin ANYLYSIS ☆☆☆
1️⃣ New Resistance 👉 39970&
2️⃣ Previous High R. 👉 41400$
1️⃣ Support Zone 👉 36190$
2️⃣ Support Zone 👉 31510$
Keep Eyes On Yellow Trend Line & Support Zone. If Price Broke This Support We Have A Small Demand Zone Below The Support Zone. In That Case Use Proper Stop-Loss.
BITCOIN is eyeing 30000.00 20% Growth was expected from 25000.00BTCUSD
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⏳Daily chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Bitcoin broke the previous high level-19700.00
2️⃣ Parabolic moves/Curvature support
3️⃣ 4000.00 acted as strong support
4️⃣ 25000.00 Dynamic support and resistance
5️⃣ Strong demand for crypto's (Bitcoin,Ripple,Tether,Etherium etc.,)
6️⃣ 127.20% Fibonacci around 25000.00
7️⃣ Technical support - strong bullish
8️⃣ 30000.00 will acted as key reversal-Bullish
9️⃣ 161.80% 31760.00 Decent upside swing target
🔟 Series of bitcoin halving and rising patterns
#️⃣ Overall trend- bullish
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📉 Technical bias-Day-Bullish
Price is below 50,100,200 Exponential moving average
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected (least chance)
Relative strength index - Reached around 75 - Overbought territory
MACD -Is still green and well above the signal line, Oscillators about to cross
Stochastic - Reached around 85- overbought condition will give a short term fall back expected
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Key reversal area's
25000.00 psychological level
617.00 Point of control area Volume analysis(least chance to reach)
19700.00 Previous time high
10600.00 50% Fibonacci retracement level
30000.00 Major resistance level
25000.00 Possible entry- Bullish
30000.00 Reversal area/Key psychological level/Key turn level
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Bullish entry #bitcoin #btcusd
Entry price - 25000.00
Take profit 01 - 27500.00
Take profit 02 - 30000.00
🚫 Stop lose 24000.00
⬆️ 20.00% Growth expected
⤴️ Account growth 4: 20
✅ Risk reward ratio 1 : 5
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Where will the bitcoin price go? There will be price impuls <BTCHello dear friends.
I decided to write to you right away and congratulate everyone by taking the first take-profit. (910 points / $ in our wallet)
Stop loss - I set it to breakeven.
Now for the warning - look carefully beyond these boundaries of the triangle.
Watch the levels from the previous trading idea.
(I described everything to you)
And also beyond the price range of margin trading on Bitcoin (the price moves 2950 points and takes stop losses from traders)
If the price makes a return and closes my short position, tomorrow I will be looking for an entry point to the position, so be attentive - the chart will show you the way.
BITCOIN technical price projection - for the next moments
• Technical analysis regarding the price of BITCOIN for the next scenarios, based on daily movement.
• The price of bitcoin is correcting and with it, falling. There may be the graphic formation of a Shoulder-Head-Shoulder, with the price correction keeping falling, obeying the red line A~C and/or there being the price correction until support and return with its predominant upward trend, which we can see on the yellow lines of the Elliott A~E waves.
disclaimer
This is not a recommendation to purchase and/or sale. It is for educational purposes only
Bitcoin spiked in potential reversal zone of bearish BATHey friends, hope you are well and welcome to new update on Bitcoin.
Bearish harmonic Butterfly move:
Three weeks ago, I told you that bitcoin is completing the final leg of bearish Butterfly pattern on the long-term monthly chart. Now finally the price action has rallied upto $24211 and completed this leg. Now there are chances of price reversal because the price action already has spiked in the potential reversal zone of this bit bearish Butterfly pattern.
Previous bullish harmonic Gartley move:
This is quite a similar move that Bitcoin completed in April 2020, but that was bullish Gartley. At that time when the final leg was completed, then I posted an article and video where I said that the price action has entered in potential reversal zone and it can be reversed from here. Eventually, the priceline reversed, and sofar it has rallied more than 255%.
The exponential moving averages:
On the long-term weekly chart, the price action of the leading cryptocurrency is at the high distance from the exponential moving averages with the time period of 10 and 21, therefore, if the correction rally will be started then we can expect a move upto exponential moving average 21 that is at $15250 at the time of writing.
Bearish divergence on the daily chart:
If we switch to the daily time period chart, then it can be observed that the price action is forming higher highs, but the RSI is moving in opposite direction sliding down and stochastic is in a sideways trend. But if we switch to the smaller time period charts like in hourly, 4 hourly and 12 hourly, then the RSI stochastic and price action of Bitcoin altogether are in uptrend. So, on the daily chart, we have received a weak signal for bearish divergence, but once this bearish divergence signal will be reflected on the smaller time period charts as well, then we can be confirmed that a down trend can be started.
Fractal resistance and supports:
If we place the zigzag indicator on the daily time frame chart, then it can be clearly observed that from 2nd Oct to 26 Nov, the Zigzag indicator was ignoring all up and down moves and not showing any pattern, this shows the power of bulls. Now finally, after 1st Dec the Zigzag is showing the correction move. It can be an indication that now soon we will have a sideways move or a start of down trend. Here we can also watch the fractals, like previously from 26 Nov to 11 Dec we had bearish reversal fractal resistance at $19900 and the price action broke out that resistance and started the next rally. Now if the price action will form bearish and bullish reversal fractals then we should observe, whether the price action breaks the resistance or support, if the support will be broken down then a rally to the down side can be confirmed.
Conclusion :
At the moment the bulls are in power and we have received very weak bearish signals. But the price action has also entered in potential reversal zone of Butterfly pattern, therefore a bearish reversal from here is very much possible.
Descending triangle on an uptrend BTC/USDTDear friends, I would also like to inform you about such a triangle, which is often broken on a scourgeous "uptrend" and drives the price up,
Don't forget this.
You need to be extremely careful and watch how the price reacts to these levels.
If we again reach the level of 27300 - and it becomes harder behind this price mark - open a long position after confirming this level.
If the level 26750-26600 is broken with confirmation, open short, before the targets indicated on the chart.