Don't go chasing waterfallsWait till BTC reached the (confirmed) bottom before going in. Everything can happen but I just want to share two possible scenarios. What do you think of this idea? I think Scenario 2 is very unlikely to happen but the chance Scenario 1 will play out is bigger than many people think.
Happy Careful trading everyone.
BTCEUR
Bitcoin just got GameStop-edHello Traders
At the time of my previous publication it was clear that we were moving lower based on Technical Indicators and some chart patterns.
We, have since been GME-d.
See my related video update below on how to spot a short squeeze (and what is a short squeeze, why it happens, if you're not familiar).
Welcome to crypto, sigh.
In order for us to consider a reversal to sustained upward pressure, we would need to capture and CLOSE above 40k.
We have steep resistance at 40, but after that the path is clear to 50 and above.
Trade Safe,
BlockTechEv
BTCUSD 1h LONG/BULLISHBTCUSD 1h LONG/BULLISH - We're now approaching two very important lines, one is the Highlighted Blue Ray which indicates the previous low, this line is a support lime IF an hourly candles haves a wick below this line but it closes above, if this happens it's called a Swing Failure Pattern which indicates a possible reverse to the upside, if this doesn't happen than this line is worthless and we move to the next line which is our Daily and as you can see it is in a light blue box indicating we have a few confluences in this box, when this box is reached I expect one of these lines to hold as a strong support line and I personally will be laddering in long at each line, there is though a possibility of breaking all of these lines and going straight to the next support line below this one and so on, this is why you shouldn't rely on any TA before doing your own TA and research. This isn't trading advise but rather an idea that might take place, if this happens to go as planned we take profits at all Resistances (Linea above price) and move up our S/L as we take profits.
Panorama BTC: 07/12/21 Bull trap?Dear friends:
Here is my humble vision of BTC:
Yesterday we had the LTB false breakout of the wedge we were on. We see Bull Trap being pointed out in the graph.
Prices have retreated into the first buying zone, which is understood to be the 50/60% Fibonacci retracement zone. This zone is marked in green on the graph between the region of 33369-33060.
I see two possibilities:
1- Confirm this buy zone and go back up as indicated by the first arrow.
2 We go back to the bottom of the wedge and from there we go back up, as indicated by the two lower arrows.
In any case, we are in a very lateral market and it is very possible that the market will soon make a decision.
I reiterate that in my view we are not in an area to sell our BTCs, but rather in a buying area.
If you want to talk to me, send an inbox message, or click on the footer of this post!
Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
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BTCUSD 1H LONG/BULLISHBTCUSD 1H LONG/BULLISH - We're currently holding a nice few lines of support that are in confluence and I personally think that we will hold it, I will be lattering my TPs on each of the resistance lines and taking profits there, THIS IS NOT FINANCIAL ADVISE, JUST AN IDEA, DO YOUR OWN RESEARCH!
Bitcoin Funding = 100% BTC Will PUMP MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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BTCUSD - ALL IMPORTANT S/R LEVELSBTCUSD - ALL IMPORTANT S/R LEVELS - THESE ARE THE LEVELS YOU NEED TO KNOW ABOUT, I PERSONALLY SWING TRADE LIKE THIS: LONG THE VAL/RANGE LOW, SHORT THE VAH/RANGE HIGH AND THE TP IS AT POC/RANGE MID, THE DAILY, WEEKLY, MONTHLY AND FIBONACCI LEVELS ARE MORE FOR SCALP/DAY TRADE.
BTCUSD LONG/BULLISHBTCUSD LONG/BULLISH - We're now at a resistance having a Daily and 2 Fibonaacci Retracement levels, we came down but only to the 0.382 indicating a strong uptrend, I believe we will break through this Daily and now our next resistance is the Daily level above our currently Daily resistance, I personally believe we might have a chance on breaking that Daily as well and come to the POC but we'll have to see, I took 1/5 profits at our currently Daily resistance, will take more at the next Daily and move up our stop loss, not taking full profits until the POC for sure and we'll see after that how the market is doing. GOOD LUCK!
BTCUSD 4H SHORT/BEARISH (INSANE TARGET)BTCUSD 4H SHORT/BEARISH (INSANE TARGET) - I've never in the past used the "Bull flag strategy" basically meaning when we exit a descending channel, our target is the difference between the upper resistance and bottom support of the original opening of the descending channel, if this theory works correctly our next target is $28,000. Let's wait and see!