BTC Bull Trap 4HBitcoin bulls seem to be painting a trap going into Fed announcement today and with many altcoins already painting lower highs this seems to confirm the case. If the downtrend channel is to remain intact and the bottom is going to be at the 13K macro cycle level which is needed to reset the whole structure then this is a possible route Bitcoin may take given that there is significant support at 30 K or the Michael Saylor line and then again at 20K being the previous ATH set in the 2017. The 200 Weekly MA is just below the 20k support level which should also act as an area where bulls will be placing bids. Today is a day not to trade but simply await the Fed announcement and act accordingly.
Trying to get enough community point so we may engage constructively in the chat. Any support would be greatly appreciated. Thank you very much in advance.
Btc_usd
Bitcoin(BTC) LONG TO $40KBTC going on an A-B-C correction which is very common after a good 5 wave impulse
Blue 5 wave Elliot wave from 2017 to 2021
ABC corrective wave in RED
Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE
Wave C has two more waves to go sub wave (4) and sub wave (5)
I believe there will be a more complex sub wave 4 in bigger Wave(C) which might go up temporarily to 40K before the final sub wave 5 ends around 26K
The retracement of the subwave 3 of Wave (C) and the fib extension of subwave 2 have a great resistance 40K, so I believe in short term BTC might go to 40K with wave 5 before it goes on final subwave 5 and then reverses
Happy trading and please leave feedback
#BTCUSDT #4H#BTCUSDT #4H
Hi guys..its the latest analyze chart of #BTCUSDT in 4h time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me. thx
BITCOIN LONGS 💰💰💰Expecting bullish price action on this asset from a mid term - long term perspective as price is in a bullish uptrend from a w1 premise, we filled the bullish imbalances and rejected the w1 bullish orderblock on d1 with a huge ,, MARGIN CALL SPIKE,, also price took out a lot of stops below sell side liquidity 40k where a lot of orders where sitting, targets are above liquidity 50k
What do you think ? Comment below..
P.S i will look for a re-entry if price takes out SSL on 29k
BTCUSDT - Head & Shoulders Possibility on Daily ChartHey guys,
With the most advanced trend line in place, this seem like a head and shoulders formation to me.
It's highly likely to revisit 30K area in the next couple of weeks or days maybe.
In H&S formations, it mostly visits the starting point of the run and it sits around 30K as stated with the horizontal line in the chart.
PS: Always DYOR, this is not a financial advise.
Cheers.
BTC/USDT.....18000$🙄😲😲😲😲😲😲😲😲😲if bitcoin in weekly time frame had close candle bellow the 31600 $, this is big sign for reduce to around 18000 $ which is bottom of ascending channel in weekly time frame.. because if bitcoin want close candle bellow 31600 $,it create double top pattern and will reduce to18000$.
what do you think?
BTC/USDT.....20000$🙄😲😲😲😲😲😲😲😲😲if bitcoin in monthly time frame had close candle bellow the 35000 $, this is big sign for reduce to around 20000 $ which is bottom of ascending channel in monthly time frame.. because if bitcoin want close candle bellow 35000 $,it create double top pattern and will reduce to 20000$.
what do you think?
BTC WEEKLY ANALYSIS BTC / USD
Bitcoin got dumped hard recently and it’s the first time to test 100W EMA since April 2020 !
As we see in chart this 100W EMA (dynamic support) is very important …every time price closed weekly below it massive crash happens after
So now all the eyes on moving average + 30k Strong support
Bulls should show strength here or the pain will continue may be up to 20k
Pleas Note that Price can also stay longer time playing in this range for some more weeks before next decisional movement
Always adapt with the market changes
And Enjoy your time
BTC / USDT (Interval 1D, 1M)1D Review
On a daily chart price is moving inside ascending channel, Last time price bounced back from the bottom of channel and went to the top but was unsuccessful in breaking out. This time price will attempt to break down from the channel once again and if successful then we are in for lengthy bearish trend.
1 Month Review
On a monthly chart we see a bearish MACD after 2 years and 1 month which suggests that the bearish trend will be minimum 2-3 months, Maximum 6 months to 1 year. Further confirmation will be done after a week on monthly close.
BTC/USD Bull Market PredictionBased on the chart history of BTC, the initial flash crash of 30% - 40% indicates a more than likely bear market. If so, BTC should bounce off the next support range and retrace to the .5 - .702 fib. After the retrace we should expect an 80% - 90% crash during the bear market. This similar structure can be seen in the past and I am strictly copying the historical data. This should be expected until new events and data prove otherwise. This bull run has been similar to the past bull runs.
Bitcoin day update - After broken Risk zoneHello trading friends,
Bitcoin did break down the risk zone and did break down on more reasons as the stockmarkets price action includes the rejections of SEC. know that more things could become unexpected as the market can handle more trends.
There was before 2 option or the trend would break out to 45400, or we will get a rejection on the risk zone - and the second did happen because of the last trends.
Even with this market breakdown trend market are at main trend still positive.
we have seen this trend more times in Bitcoin, and now it's important that we can find a confirmation trend on the 39K+
The above trends mean not for day traders, it's about the long-term hold.
Trend:
we are into a breakdown trend
Data
There is still a high chance for a new increase trend, as the month JAN still not close.
it's important to follow the trend until 14-02-2022 to get a better price action expecting for the long term
Most waiting for the 28K trend - know the same time the whales know that also, and there could be a price action before that trend, the volume on that trend is also high.
for some, this point could be a price action to buy the dip trend.
we are now below 43400, and we will check the market coming time.
Have a good weekend.
# this is not a trading call - manage your risk well - and know when to take profits/losses.
Bottom coming soon?BTC is coming up on the 5th wave of this downturn. I expect at least a bounce to the .236 fib or possibly .382, if it can get some momentum. That may come off of a double bottom that is coming shortly. Then it may finally resume upwards. If it just continues downwards, I'll sit on my hands for another couple days. Man I am so sick of BTC moving in one direction. I believe once it can catch some momentum back up, we will see a strong movement in a positive direction. Nothing to fear here, just discount buys for all.
BTC, BITCOIN, DAILY TRADE#BTC has shown a tight correlation with the fall of the stock market this week. On the charts all timeframes look oversold with bullish divergence on the daily chart. This will only be a relief rally. Unless large volume comes in we are still likely to see $30k in the coming days.
Probability of BTC BottomIn the Given Chart, we have a long term trendline coming all the from 26 June 2019 Top which played Nicely in 20 December 2020 and played well in the May June 2021 Dip to the current potential bottom.
Then we have a trend line from 25 April 2021 Bottom to the 21 September bottom and continued to the current potential Bottom.
Then we Geometrical Patter which is modified schiff, values from 64k down to 28k to 69k creating the potential bottom range aligned with 2 trendlines defined above.
Then we have a parallel channel or regression trend drawn from top values 64k and 69k stretched down to 28k level which comes out also aligned with above mentioned 3 confluence poionts.
Also we are having cup and handle structure being the current crash as the handle of the cup.
Lastly, we have trend based Fib retracement drawn from 64k down to 28k then to 69k and the 100% retracement value is also in accordance with the above mentioned levels.
Technically and not fundamentally, this could be the bottom of the BTC for the channel top RUN.
NFA, DYOR.