Hello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves. Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave. After a full cycle, we expect to correct waves that include 3 waves. The first and 3rd in bearish and...
Just got a BTC USDT Short Signal, will enter the trade with a Leverage of X15 and 7% equity and a SL of 3.5%
Over the past year BTC broke out of a stage 4 decline it formed a "cup and handle" broke out above the 200D MA but failed to hold momentum but instead rolled over into a range. It's now trading under the POC "27900 level" the path of least resistance would be to target the 200D MA as a demand zone, this should play out by the end of this month if we print a...
The BTC chart looks bearish. We've formed a pattern of a small base under a larger one, with a small base also located under the BoS short level at 29400. I'm considering a scenario where price returns to the high-volume level of the larger base at 30262, and tests the imbalance range (30530-30900) from above before moving downward. At the high-volume level,...
Bitcoin scouting multiple rejections over the past days. Local targets to and below $29200
hi friends By losing the $29,500 area, Bitcoin has provided opportunities for short trades. One of these trading positions is in the $26,900 range, which is highlighted on the chart. Since the 21-day moving average has been placed above the price in daily and 4-hour times, this has increased security for sell positions. The price decline is expected to...
With declining buy vol on weekly trend-up, it was a matter of time till a correction was needed. What looks to be a Head & Shoulder on daily, also seen on lower timeframes. Happy trading
Pretty certain nobody "wants" to hear this, but, here's what's likely about to happen. BTC's been sitting ant the top of that most recent run for too long without retracing. The longer it sit's, the more likely it is it'll retrace really sharply. Remember those famous dumps? The ones that end trading careers (and likely at least a few marriages). That's what I...
Good day, colleagues! 📊Weekly TF situation remains unchanged. The price continues corrective movement within the ascending wave. Last week, the low of May was updated with price fixing higher. At the same time, IMB M was almost completely filled. From below there is support in the form of 0.5 imb W and a block on the daily TF in the range of $23 896 - $24 670,...
Bitcoin is approaching another major resistance level right at 26700 and it will act as resistance. I'm planning on shorting this level with a SL of 27000 and target of 25000.
After breaking down our current trend in the monthly timeframe, we experienced a fake break above the trend during the re-test process, but the price has fallen under the trend again. We can expect a pin below $10K, an accumulating price in the FWB:12K - FWB:14K range will easily take us to the Holy Target.
Hello, traders As we can see, there is a bearish impulse wave and a regular flat correction pattern, and another bearish impulse wave started with increasing momentum, so the Wave analysis and price action indicate that Bitcoin is heading to break the bottom of 28500
The graph presented analyses SPX, IXIC and IWM; by valuing them against bonds adjusted dollar and gold. For explanation refer to the graph tagged. Thanks!
Even-though bitcoin is looking very bearish, do not fomo into a short! there is alot of news that can impact the markets!
We can open a short when 1 day candle open close below the green zone.
I know, I know, a very confusing title. Point is, we have been running after far too many indicators to tell us about BTC happening, but the best one to support us during the volatile period is still the VWAP bands. As we can see, price has bounced and being rejected from level 1 bands, upper side band. A very daunting place to make a decision of BTC future. I...
Market Maker Sell Model lining up perfectly I guess What do you guys think?
BTC is currently sitting in the Fibonacci 0.618 retracement area of the recent rise with support from the 200-period exponential moving average. The loss of this place could take us to the 25K region. My opinion about the decrease to the 12-14K range has not changed, I am waiting for the needles to the 9.3-9.8K range, but before this happens, BTC is still reading...