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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.
BYBIT:BTCUSD.PLong
by UnknownUnicorn22622902
3
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. CLICK DOWN HERE!
COINBASE:BTCUSD
by GustavoCorrea1
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 ------------------------------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------------------------------
COINBASE:BTCUSDLong
by MartyBoots
116
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!
BYBIT:BTCUSD.PLong
by UnknownUnicorn22622902
BITCOIN possible change or sudden continuation of trend.As we know, I have uploaded different BTC analyzes. In general, the majority have been bearish. And I still am. From 64k USDT. But hey, that's not the point. I invite you to read those articles, before seeing this analysis, it will help you to enter the context regarding my ideas. First Analysis: Second Analysis: These first analyzes were quite simple. I still did not take education very seriously. Oh well. The following were more explicit. Fundamental Crisis: Fundamental and Technical Bitcoin: Bitcoin channels: Once you understand these analyzes. I invite you to read my guide. In Tradingview, so you can understand the tools that we will use in this analysis. Technical analysis: Bitcoin started a sharp decline, and we remain within a side zone. Which is located in the 0.5 Fibonacci retracement and 0.618 of it. However, we are having more and more difficulty reaching new values, which leads the market to continue in a downtrend. In short term. If we used Gann's fan. We can denote a strong support at 0.618 Fibonacci, in previous analysis I said that July is expected to be bullish, due to ETF issues, among other positive things for the market, to then fall to 0.786 Fibonacci as in all bitcoin cycles based on the PiCycle indicator. And with a simple visualization we see that the 0.618 Fibonacci Fan is supporting the price in a spectacular way. Example: If we place both a bullish and a bearish fan. We could see it in the following way. If we are based on the RSI. We could determine that we are at a turning point. From oversold area. For the new ones, the RSI is not an indicator that always touches Overbought and oversold, there are situations where the RSI remains in a zone, and it is not possible to determine how divergence, the RSI can scale value according to the asset, however, it also determines the time. The asset can continue in a downtrend and not obtain a higher value than the previous one and reach the overbought zone (70 RSI). No need for higher value. Similar to an uptrend, the RSI never dipped below 50 RSI. In this downtrend, we are getting values that do not exceed 50 RSI. And we can get to touch 70. But it falls again. So on the subject of divergences, on the RSI we could take it as pretty weak for sure at this point. Already understanding that the RSI, obtains value not only by the growth of the asset, if not by time, value. Let's go to other indicators with a different use. If we realize it, an indicator that, unlike MACD, tends to greatly reduce small trends and continue the longer trend is AO. Currently we can notice that the AO is suggesting the loss of bearish strength. Which could be a bullish sign. However. It can also be a "Fake Signal" or "Bullish trap" which is what I consider serious. A rise to 48k and a drop to 16k. Same as my idea from months ago. In the 60k of BTC. AO: Already having all this as a base. Let's go to the present time. Currently BTC continues to lose value, but supporting within the 0.618 Fibonacci Fann. Staying above 0.5 Fibonacci Retracement. And it follows Wyckoff's theory of distribution, unlike what many think, Wyckoff's theory is not lines that directly follow a pattern. It is simply a theory. Which is applied based on the concept. Here comes the data. One day in April the MFI indicator had a fairly strong blue line. If you read the guide, you should know its meaning, but here I leave it for you. - Blue bar - MFI index is growing, volume is decreasing. The market shift continues its course despite a drop in volume. The trend can be changed quickly. - The Market Facilitation Index indicator rose, however the volume has fallen. This suggests that the market does not have volume support from traders and the cost changes due to the speculations of traders "on the ground" (intermediaries - brokers and dealers). In other words, it means a point of speculation, without support from traders, which could generate a sudden change in trend or continuation of it. Currently the largest MFI has been generated in both BitSpamp and Binance as well as the BTC asset. Suggesting that this point is an indecisive zone, being a ridiculously higher bar than many previous ones. Binance: BitSpamp: Bybit: And so on, generating that in this value of the asset, we have that meaning already given. Honestly, I would bet long term with a StopLoss below $ 28,000. Due to the divergence of the AO. Take the entrance at the 32700 point. But as mentioned. I just hope for a climb to 48k. To go back down. The economy in general is bad. So I don't think BTC will reach higher values in the short term. Still we've already made incredible profits from our drop bet from USDT 60k. What's more. Moving averages, for periods like 20-50-200. They suggest an opening. And if we rely on the Aligator Indicator. A very useful one. To view support and resistance zones using moving averages. We can denote. That the price tested the 3 parts of the crocodile, or 3 moving averages of the indicator and is currently approaching. For an opening or closing of the mouth. Finally, how did you find this analysis? I haven't made it too long, and try to keep it simple. You can see the other shapes in the previous reviews.
by UnknownUnicorn18500526
4
BTCUSD 1H Long/BullishBTCUSD 1H Long/Bullish We recently started seeing nice movements to the upside, we took our profits at the top resistance area since we had confluence from a Fibonacci Retracement, POC, and Range Mid. We took a short position at the resistance and went straight down to our first strong support area at the 0.382/0.618 of a Fibonacci Retracement (also haves a Fibonacci Extension 0.618 that I didn't mark on the chart). Now we just saw a Retracement that ended PERCENTLY at our 0.328/0.618 Fibonacci Retracement Confluence so we closed our short and entered a long, I don't know for sure if we will have resistance again at the Top Resistance Area (With the Fib, POC and Mid Range confluence) or if we will break it so once we reach that level I will be taking some profits and watch the market very carefully! Traders Gain Losers Complain!!!!!
BYBIT:BTCUSD.PLong
by UnknownUnicorn22622902