Btc_usd
Btc will pump?Hello if candles can close above lines I gonna open position and if volume or rsi confirmed I gonna open position with higher risk and I set ma sl below candle shadow because price touched this line many time in past but all of these can be false and I make a mistake. Thank you for follow and boost and comment.
Btc to the moon?be carefulShort:price should touch line again if after twice touch it breaks you can open position low risk and set your sl back of last pivot. If after third touch price breaks line you can open position with more risk and set your sl back of break candle shadow and your target can be next sr line.
Long:price touched line 3time it's good and you can open risky position with low risk after break line but I suggest you open your position in pullback to line or in break last high after price broken sr line.You can set your position in setup 1 back of last pivot and in setup 2 and 3 you can set sl back of shadow of break candle. Don't forgot you can open long setup 1.2 and 3 if rsi breaks dynamic line. And never trade with whale candles
Thank you for boost and comment and spending time for read this article.
BTC Try to Breakout BTC / USDT
This is how i see BTC right now
New flat resistance is formed after the recent 3 rejections from 24k and ascending triangle pattern is detected
Overall ,this is the 5th time BTC is touching 24k resistance ,So there is a high chance of success this time Or the next one(Resistance becomes weaker over times)
What targets if BTC made a breakout?
This first local resistance is 26k followed by 28k and finally 31-32k (final target of ascending triangle pattern )
Will BTC Breakout this time ?
Tell me in comment section below ⬇️
BTC short !Shorting BTC from nice supplyzone whcih has liquidity inducement and thats why its high probable to work. Nonetheless I expect BTC to aim higher towards upper 20k possibly this month. I'm targetting demand zones as you can see on chart and looking for buys there cause overally on 4h and daily we are still "bullish" and didnt reach any significant higher time-frame zones for shorts.
I will keep you guys updated for possible longs in next coming days.
Feel free to drop comments and any questions, Enjoy and good luck with trading ! :))
BTC (short-term Update)BTC / USD
Price is rejected from 24K for 3rd time and bitfinex whales closed their longs
What are the probabilities and bounce levels ?
1- Minor trendline support (violet color) can bounce price
2- If current support broken ,Next one is the major trendline support (white color)
3- If major trendline broken, bears will attack again with high chance for a new local low
Rest of details on chart
What do you think about BTC in short term ? Share with us in comments section below ⬇️
Bitcoin 2D Strong Strength SnapshotFollowers may request a strength snapshot of any cryptocurrency, so like and follow.
1) Strenght Profile: Green and getting stronger.
2) Bull Bear Squeeze: The bears are finally completely squeezed, now the bulls need to send it!
3) Money Flow: The money flow is green and positive.
The sideways action could continue for a little bit longer until the strength profile goes above 50.
For now, the Bitcoin 2D Strength Snapshot is strong: Strength Profile 🟢 Bears in Charge 🟢 Money Flow 🟢
BTC 1 HOURS UPDATE !!Hi Traders , please if you like ideas do not forget to support it with your like and comment , thank you so much .
If buying power enters, the price will break trend line and go up to 24.4k $ , but that's a low probability for me
and break down can go to 22.4k $
Also during fundamental news there huge movements up and down so always use stoplosses and strict risk management
BTC is having a bearish div, expect this to start moving soonBTC can spike up into my 25200-28000 zone and then reverse with the markets down.
When will it start moving I dont know, its in its own bear market cycle, dont expect this to be over till at least sometime next year
My thoughts are these:
- move up into the resistance zone of 25200-28500
- down to 14-15k
- up back to 18-20k
- Final 100% extension into the 10-11k zone before it bottoms.
RSI is below 50, MACD is below 0 and diverging, no need to make it complicated
Dont see any capitulation, but accumulation at the lows.
Im a buyer at 11k+-
BITCOIN: A RALLY TOWARDS $28K!!!What's up traders, it has been a while. I hope you guys are doing great.
Let me give you a quick update on BTC in a higher timeframe.
Timeframe: 3 Days.
Recap: In my previous update, the 21 MA ($23150) was an important resistance level for BTC. It was mentioned that if BTC breaks above the 21 MA then we may expect a rally towards $28.7k.
Current Scenario: Well, in 3 days TF, BTC broke above the 21 MA which is good for the market. The same 21 MA resistance is now strong support for BTC. If we follow the dotted trendline then it looks like a BRB (breakout, re-test, and bounce back). If at all we see a rally then I am expecting BTC to reach close between $27k to $29k.
Conclusion: BTC could be a good trade if it stays above the 21 MA support. I will stick with $19270 as an ultimate support level and $28k to $31.7k.