Btc_usd
BTC retest the important area BTC / USDT
BTC recently made the breakout through resistance
Now its retesting the same area but this time as a support
1– If this S/R area hold for next few days expect a rally to next targets in my chart and altcoins will follow …
2– If BTC lost this area (around 44k) by daily candle closure, will favor bears to enter the market again
Be ready for both scenarios
Don’t forget to like my idea for more
Thanks
BTC / USDTAs you can see in the chart in 2H time frame BTC broke its pattern in my opinion if it can break and close under the LL we can see the movement till 45 to the GOLDEN ZONE of fibro
if it can hold 45 we will move up again , if not we will go down
This is not financial advice it's just my personal opinion
DO NOT FORGET TO USE STOP LOSS
BITCOIN SHORTS RISK-ENTRY 📉📉📉📉 Expecting bearish price action on BITCOIN on a short term basis, this is a CT trade- counter trend trade with the aim to fill the huge bullish imbalance aka price inefficiency. Long term trades on BTC should be only LONGS. FEAR/GREED index already moved into GREED meaning the retail traders are entering the trade on a FOMO basis.
As this is a risk entry please use the lower risk per trade as you are usually use on your PT pro trend trades.
What do you think ? We go lower ?
Bitcoin Long setup with 6 R/R, Huge profit coming...Hello friends...
a good long position with a good risk to reward ratio is here for you. R/R is 6.
BTC is now supported by 3D broken bear base, curve trend and EMA200.
Major Resistances are weekly bear base and MA200.
I expect Bearish Divergence in RSI and after that supporting by up trend.
please ask your questions in comments.
Btc up or down game Which way is it going comment opinions below. I think we are going down for a Bart like we had previously this would make 3 barts in a row I'm thinking bullish momentum. Waiting for the break or dump on the horizontal resistance and support then that will help me on my alt positions I'm in right now. I want to know what you think.
Active trading and volume analysisThere are two biggest volumes that are at the very bottom of the movement and that push the price up, there is such a thing, the trend will continue until these volumes are interrupted by larger volumes, while they must be at the top of the trend...
- Rising volume indicates the determination of sellers and buyers to push the price down or up, respectively. For example, if in an uptrend volume rises on a price move higher, this indicates that buyers are very willing to buy and the upward movement will continue.
- A trend can continue for a long time and on decreasing volumes, but usually decreasing volume during a trending price movement indicates a weakening of the trend. For example, if the trend is up, but the volume is steadily decreasing, this indicates that fewer people are willing to buy and push the price up. However, this trend will not change until the sales volumes exceed the buying volumes.
- Ideally, the volume should be more when the price moves in the direction of the trend, and less when it goes against the trend (on pullbacks). This shows that the movement in the direction of the trend is strong and the pullbacks are weak, and the trend is likely to continue.
- High volume accompanied by sharp price movements against the trend is a sign of a weakening trend and / or a possible reversal (in accordance with the previous paragraph).
- An extremely large spike in volume, 5-10 or more times the normal average volume (in a given time frame), may indicate the end of a trend. This is called an exhaustion move because usually when so many stocks change hands there is no one left who is willing to push the price in the direction of the trend and the price reverses (often quickly).
BTC resistance broken what next ?BTC / USDT
the strong resistance finally broken !
WHAT NEXT ?
if bulls fixed price above 46k for coming 2 days (to prove this move wasn’t a fake out !)
Price likely will hit next resistances between 51k-52k
While that , altcoins will follow Bitcoin specially the ones that didn’t pump yet
Best investment now is to keep your eyes on ( bullish patterns of altcoins) and as always dont forget risk managements
Best of wishes
BTC Finally Broked a Long Term RangeAfter a Long Range Bitcoin Broked the Resistence and now up to its Way. Now the next Point where we have to take care or if You have any Trade in BTC. then you can takeprofit on this points.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
BTC - 44K whale trend very important for the breakout to 48KHello trading friends,
Depending on the study trend - 44K could be a protection trend for the whale trend for new breakout.
Depending on TA and trends BTC is still on an uptrend.
There is a high chance that the 44K trend will bring BTC to the split zone of 48K. ( green trend cycle)
We will follow the trend coming time, and to see also or there are unexpected trends.
even if BTC goes below 42K with a fast hit, it's about the time frame and we know from history trends breakouts can take some time.
Have good time
# This is not a trading call - trade only depending on your setups.
BTC facing Resistance around 45KI am just studding the market and seeing the resistance at 45K.
on big picture of the analysis we are in consolidation phase of bitcoin weekly time frame.
if we see in one day time frame we saw the rejection at the same price level on 2nd of march 2022.
this rejection is also performed on 10th Feb and 16th of Feb 2022.
if forms triple top on daily time frame in last 45 days.
if price brakes the resistance then we see the price around 48K .
if i am wrong please leave a comment so i can learn more to get market knowledge