Btc-usdt
BTC/USD#BTCUSD
Since May 10, Bitcoin has been accumulating. However, the breakdown will happen soon. One of the best investment tools in deflation, which will have an upward trend similar to 2008, is Bitcoin. Fibo GP is expected after the closing of the GAP after exiting the offer box. Although a gravestone doji per week is a sign of decline, let's see what it shows next week since we hit the bottom. Although having a gravestone doji per week is a sign of decline, let's see what it shows next week, since we are at the bottom.
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
Teşekkürler.
BTC - DO WE TOUCH 20K?BTC hold 30k in monthly time frame which is very important but one of the reason the market is slow growing is that the market is still in fear and most folks probably waiting for 20k or so to buy and the volume is quite low but my conclusion is that it is very unlikely we touch 20k.
From this point, 31k, we can go lower or range like 28 or maybe 26k but I dont think 20k would happen.
BTC Volatility 01 June 2022 BTC Volatility 01 June 2022
The current percentile of BTC is around 2.74th
Based on this, we can expect that the market is going to be below the daily volatility, which is around 3.86%,
which at the same time translates in an aproximate +-1200$ movement
For this we can assume close to 80% probability of efficiency based on the last years data.
Based on this our channel for today is going to be, assuming the opening price is 31780
TOP 31780 + 1213 ~= 33000
BOT 31780 - 1213 ~= 30550
At the same for those that are looking for entry points in case they want to go long/shortwe can make use of next data:
Based on the last years, we can expect that the asset is going to move more than 1.14% which translates into a +- 357$ movements.
And this comes with a 70% probability based on the last years.
TOP 31780 + 357 ~= 32150 => as an entry point for long where we can use the opening price as a stop loss
BOT 31780 - 357 ~= 31420 => as an entry point for short where we can use the opening price as a stop loss
Trade idea BTC/USDTBTC-USDT LONG TRADE 4H
Approach 1: Buy support
1. I would like to see the price go towards the first area of interest zone.
2. If this price hits the first level I will be looking at is the 32.000 level. I might want to scale out depending on the current price action.
3. Second TP will be at the 34.000 level, here I would consider completing the trade or letting a small % run the trend.
Approach 2: Breakout trade
1. Price breaks above resistance of 32.000 level with enough volume and according to price action (e.g. bullish engulfing)
2. This will then be an RR:2 trade. TP at approx 5% profit and SL at approx 2.5% loss.
Hey you! Yes you! I hope you like my approach to this chart, If you like the idea make sure to like this post it would help me a lot!
is there something I left out and you think is essential for this chart? let me know in the comments
BTC to $35k first?Hello traders, this is SixtusGlobal, and here is my new BTC idea.
BTC price is presently ranging between $28k and $31k.
This level is a very critical POC that must, at least hold the price for further upside movement before price eventually collapse.
I have highlighted the first resistance at $32k and the second at $36k.
Volume is considerably low and perfect for a ranging price.
The first support sits at $28k and the second at $27-26k.
I believe we will test either of the above resistance before dropping to $25k.
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