BTCUSDT: 34906 True reversal pointHello traders!
BTC is moving as predicted. In my recent post, I was expecting a break towards the 5th trendline and I also gave hint that after a breakout of the 6th trendline we will see a minor jump and it happened. The jump broke the previous lower high but market is still not ready to pump.
According to the breakout strategy, there is one more wave remaining that will break the 7th trendline and after that, it will move up, not only that I am predicting a true reversal point. The true reversal point is the strategy which is not a support or resistance nor any supply and demand level. It is a strategy that shows pinpoint accurate reversal point. The true reversal point is at 34906.
The lines you are seeing on the chart are all breakouts. I count breakout so that we can trade with perfection and we can catch a big move at the correct time. Normally market breaks 5-11 times and this time I am expecting 7 breakouts.
The line starts from the bottom and I connect with higher low or lower low and i keep counting it till certain breakouts.
Currently, we will focus on these waves. You can ask questions about these steps.
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BTCBUSD
BTCUSDT: Analyzing with A1000x breakout strategyHello traders!
Yesterday was another successful day for us, Thanks for all the likes and support on the recent post. Hope we will be able to move with BTC not against it. All thanks to the Almighty for perfect strategies.
The lines on the chart is a breakout strategy, normally I only post with basic patterns on the chart so that it will be easy to understand and I hide my strategy because they are out of understanding by average traders and if they read wrong and try to apply by themselves they can end up in a loss, so I feel it's good to hide it. But with the rising demand for the strategies, I am posting the chart with analysis.
This is a breakout strategy in which we change the trendline after the breakout also it's important for us to count the breakout so that we can catch the final wave. In this kind of scenario market forms 5-11 waves and in the current scenario, I am expecting 7 waves.
In this strategy, we start the trendline with the bottom and connect with a Higher low or lower low. It's that simple.
Currently, there are 4 breakouts and the market is heading to break the 5th trendline.
After the breakout of the 6th trendline, we can expect a little higher jump the chance of a high jump is 75%. After that market will head towards the downside to breaking the 7th and final trendline and this is the time you should add buys.
We will see a strong rise after the 7th breakout. We are currently focusing on these waves and after that, i will analyze the next move.
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Scanning BTCUSDHello traders!
BTC is giving lots of stress to many traders as it is staying in the same range for many days, no it's time to scan BTC to see where it's heading.
The first pattern in the picture is the Head and shoulder pattern and it failed to drop hard. It's a sign that the market doesn't want to move down.
The second pattern is the 'J' shape pattern and it's the pattern that is formed to drop hard. Normally market dump from the peak of this pattern and sometimes it forms expanding Channel pattern at the top of 'J' pattern and the market drop after that.
The third pattern is expanding channel and after the breakout of expanding channel market moved towards the bottom and after that it always retrace back towards the start of 'J" pattern and drops exactly from there. It was the perfect setup and the market gave a successful drop but again it failed to drop hard. Normally it moves least 1:1 or 1:2 size of the J pattern but in this case, it failed to move towards the downside and it is another sign that the market doesn't want to move downwards.
My true reversal point is at 37475, the market can rise from here or it can arise suddenly after a breakout of 38200 support.
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BTCUSD: Next move after breakoutHello traders!
Previously i was expecting a retracement from the resistive trendline towards the support trendline and it move like it was supposed to move, it's about 5% dip.
Now the supportive trendline is broken and the trendline is always formed to be broke not to hold price.
Normally I don't put multiple directions to confuse the traders but this time I am predicting the move early the move is not clear yet, but moves are limited and I know how BTC will play and we will not fight with broker/BTC but we will move together with them.
I have drawn two scenarios on the chart
Scenario 1:
If BTC moves up and retests the trendline then we can buy after a little retracement. It's the time when traders will sell and we will buy. Long-term buyers must not be happy if Btc pumps from here because this bullish move will end at 44K. Scenario 2 is more in favor of long-term buyers than scenario 1.
Scenario 2:
In scenario 2 if the market dumps from here then we will find a better opportunity to buy from the bottom and if there is a dump then it will open a key towards 50K. BTC can dump from here and we will find a better opportunity and will buy from the bottom.
BTC can also push up from here towards 41500-41800 and if it pushed up without giving any reaction at the broken trendline then this move will also count in scenario 2 because after that it will dump.
The true reversal point is at 39300. The true reversal point is a strategy that shows a pinpoint reversal point.
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BTCUSDT: Expanding triangleHellow trader!
After a rise from 38.5K strong Support, BTC is now at 42.5 its about 11% rise.
Now BTC needs some more strength to break the previous high and for that BTC is in accumulation/consolidation. The pattern BTC has formed is an expanding triangle and currently, it's at the top of the pattern and i am expecting a retracement from here towards supportive trendline.
There is a chance that BTC can push further upside and can break the upper trendline and later it will fall.
In both cases, we will see a drop soon.
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BTC is preparing for a fakeoutHello traders!
Previously market pumped from 39250 and it was not a true pump. If we look below 39250 there is a true reversal point at 38786 waiting to be activated. The reason I call it a true reversal point is because it's the correct point of reversal and if the market moved up before touching the true point then it's not the true pump.
Currently, the market has formed a triangle pattern and I am expecting a breakout of this pattern towards the downside. I always tell you never to go towards the breakout just do the opposite to win. The same thing will happen here the market will give a breakout downwards and as a reaction of traders, it will pump.
According to the True reversal point strategy, the market will pump exactly from 38786. The calculation error cannot be more than 50$ means the true reversal point range is 38736 to 38836.
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BTCUSDT: Ready for a surpriseHello traders!
Here is good news for buyers, we can expect a pullback from 38730 which is 1200 away from the current price. This pullback will be very strong and it will be an instant recovery.
BTC will not break 37K support but the 37K support is not safe, BTC will definitely break it in near time but before that, BTC needs to form some more waves. We will also catch that bear wave but for now, our eyes must be on the 38730 true reversal point.
The pattern at the trendline is the only supporter of bulls and it's showing that we will see a pullback, otherwise every news and every pattern is against the bulls.
According to my method, the expected reversal point is 38730 and the market will move up exactly from there. The calculation error cannot be more than +-50$ means the reversal range is 38680-38780.
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#BTC/USDT WEEKLY UPDATE BY CRYPTOSANDERSHello members welcome to BTC /USDT 1 week update by CRYPTOSANDERS
At first hit the like button, comment, and follow because this motivates me to bring this kind of chat analysis to our community on regular basis.
As we can see in the above-mentioned chart that BTC is currently trading on the green zone support but according to the fib levels we are expecting that btc can move down to touch the 0.5 level which is the $38500 mark.
So, IMO we should avoid taking trades according to the current market picture
And if holding any then manage them accordingly.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
Nothing but a scam pumpThere is a big possibility of bitcoin doing a "dead cat bounce" from the low 41k-40k levels. If it gets rejected again from 45k range, we can test lower lows
Bitcoin failed to hold any bullish continuation levels. now it is entering the lower support areas from the previous consolidation. In my opinion this was all a bull trap and there is a possibility of testing lows.
Always good to have an unbiased opinion.
Cheers
Nav
BTCUSDT: True reversal point is getting closerHello traders!
BTC is finally moving towards the true reversal point and it's very close to touching the 41575 true reversal point. I am expecting BTC to move up exactly from there. There can be a calculation error and the calculation error can not be more than the +-50$ range. This means the range of reversal point is 41525-41625.
This is not the 100% accurate strategy so in any case, if BTC somehow breaks 41525 then we will see BTC dip deeper and it will touch 41092 True reversal point. BTC might move towards the second TR point within the next few candles but most probably we will see some retracement towards 42-43K then we will see a dip that will touch 41092 and that will be the bottom of the bearish move.
The rise after a failure of the first true reversal point happens because the market will form a reaction pattern that will push it back and it will be a fake pump.
The market cannot save itself from the true reversal point strategy as it is designed specifically for these kinds of down movements so that we can avoid fake bullish runs and we can catch the perfect bottom.
#BTC/USDT 30 MINUTES UPDATE BY CRYPTOSANDERSHello, members welcome you all to BTC/USDT 30 minutes quick chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
As we can see in this quick update that BTC created a Triple bottom pattern which is a bullish pattern and bounced with a big green candle.
In the current scenario, BTC is showing some correction and currently trading in the support of yellow MA.
So, I am expecting a bounce from the current level which will be the bullish trend for the short term.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome you all to this BTC/USDT 1D update by CRYPTOSANDERS
In the above-mentioned chart, we can see that BTC broke the ascending triangle pattern and trading above the support of the red MA and the upper trend line which btc must hold this support zone for the bull trend.
Here we are waiting for the retest to the upper trend line which is highly likely in the upcoming days and will be the confirmation of the bull trend.
If it brakes down the trend line and gets inside the triangle pattern then this chart will be invalidated.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
Bitcoin: Comparing 2019-2020 correction with 2021-2022 - updateIn february i wrote an idea called "Comparing 2019 mid cycle correction with 2020-2021 on 3D chart"
As an update i marked with green vertical line place where i think Bitcoin price is.
As we can see on the chart this structure still in play. This takes time and we should be patient.