Bitcoin $25k or $32k first??Bitcoin has 2 main scenarios in play...
Looking at the bigger picture there is still no reason to be bearish, price could easily go higher..
Bitcoin may pump to $28.8k, if it rejects I see $25.3k possible before a move up. .
Or we could pump into new highs from this range..
Bitcoinusdt
BTC : A Scenario We DON'T WANT To See ⛔Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Bitcoin is consolidating under resistance zone of $29k - $30k and this is BULLISH. However, it's worth pointing out a possible scenario that we DON'T want to see right now - a drop under $25k. This will form an ugly Head and Shoulders pattern that could take us back to a brief wick support around $19k.
I'm labelling this post as a "long" or bullish, because until we actually drop under $25K, I remain of the opinion that we've stared a new bullish cycle.
While you're here 👀 Check out this update on XLM which recently increased nearly 60% :
_______________________
📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎
We thank you for your support !
CryptoCheck
EOSUSDT ready to 🚀🚀#EOSUSDT
RSI showing bullish EMAs showing a bullish move MACD is showing bullish Ichimoku cloud is neutral ZELMA is showing uptrend-move Accumulation distribution is neutral Fib retracement is showing bullish
we are in over sold area in daily chart time-frame and we have powerful support zone i expect the price will fly to the target at the chart buy and hold it to the next targets at the chart
How to increase winning trades?In the areas where the market is sideways and oscillates between the bottom and the ceiling, or ascending channels or descending channels, the chart can be divided into 4 parts, and in the bottom or the lower quarter, look for the entry trigger for the buy transaction, and in the upper quarter, look for the trigger. It was sold for trading and we do not do anything in the two middle ranges
In this way, the winning percentage of the can be increased
next moves of bitcoinafter the previous prediction, it's clear that I'm waiting for a big crash in cryptocurrencies.
if we look at the previous movements of BTC , it seems that the chart is forming a 3D pattern and we'll see the last upward movement after a short correction.
PS: The zones shown in the chart aren't exact and this is just a schematic prediction.
BTC in the new MonthHello Traders
Since we've already had 3 months to the upside, I expect BTC to have a correction during this month.
On the chart you can see what I expect for the following days. We might go to the upside to liquidate all the shorts and then go down. In this case, April would be a bearish month with a small wick on the top.
Best of lucks,
trade safe.
Bitcoin has almost finished the uptrendHello, my friends!
You know where I opened the long trade - at the very bottom when Bitcoin has printed the bullish reversal bar.
Today I closed 50% of position at $28500 and the rest part now have the stop loss at the entry. Therefore I have +1.5%✅ to deposit guaranteed profit and +3%🤑 at the current prices. I made this decision because on the local time frame price is approaching the 2.61 Fibonacci level. Now I expect the local correction in wave 4 approximately $27800 - 0.5 Fibonacci retracement level.
I am going to close the rest of my long trade at the very top of the potential wave 5. When Awesome Oscillator crosses the 0-line I am going to find out the divergence and bearish reversal bar.
Best regards, Ivan
Bitcoin is gaining momentumHello, everyone!
Yesterday I opened long at the confrimation of the bullish reversal bar🟢 and now price is fluctuating inside the narrow range. Of course, the price is looking so bad for bulls. We can see the weakness on the price action.
At the same time Bitcoin has formed the bullish reversal bar with the great angulation with the Willams Alligator indicator. Moreover the Awesome Oscillator is gaining momentum right now, while the price is showing the downtrend. The last confirmation that I chose the right side is gonna be the key fractal level breakout at $27227.
I am not going to open additional long at the breakout because I have already opened long with the better risk to reward. This is the local trade becuase globally I expect the new bearish wave.
Best regards, Ivan
#BTC/USDT Important Update!#BTC: Closed above $27300. Expecting a short-term bounce here.
However, the price has finally made a new lower low in LTF indicating a change in the short-term trend.
A bounce around the $28k-$29k area will trigger a sell signal.
TBH, Things are still uncertain.
I will hold my BTC and sell on upper resistance levels if it gets there to get into Alts.
Also, to keep in mind, There's a possibility for BTC to hit $40k too but for that, it needs to sustain above the 30.5k level. This is another scenario that I will explain in upcoming updates.
Technically the price is looking to bounce here followed by some corrections.
NFA, DYOR.
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
35k Is coming? #BTC Will continue to Upper edge of the channel?a simple law has said: when trend breaks up/down a channel. certainly, it goes up/down in another parallel channel which is equal to the first channel.
hence it is mostly probable for bitcoin to reach the upper edge of the second channel.
35k Is coming? #BTC Will continue to Upper edge of the second channel?
BTCUSDT INSIDE DAY, FOMC NEWS UPDATE!BTCUSDT 1D,
The price of bitcoin has formed a specific direction on the daily timeframe, the thing is that you don't see a reversal immediately, before reversal we either go sideways and form balance OR we form inside day pattern like we currently witness.
What is inside day?: As you can see, a whole daily candle without breaking lowest low/highest high of the day before it, the candle is inside of that resistance and support. Knowing that there is FOMC news today there could be 2 possibilities 50% / 50%, if we go for a higher high and close we will continue to the upside, if we close below there could be a possibility of continuing to the downside. MOSTLY if in the next day we go for another lower low candle.
BTCUSDT WEEKLY IMPORTANT CHARTBTCUSDT 1W,
Do you see these two weekly resistances from above? They are very strong, mostly the $30,000 one. The thing is that the 30K one is very predictable by the majority of people, and if there's one thing that I have learned from trading is that you don't go with the majority, because they lose. We could see a pullback from the 30K but we might also see manipulation and a fake-out that will take us above the predicted level, which will make people greed and long more, once we reach the 31K weekly we go for a correction, let's see how it goes. We will keep you updated.
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.
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.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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.