Btchalving
BTCUSD - I don't know!BTC about to meet resistances.
RSI also looks as if it changed direction in the bigger picture.
RSI trendlines sometimes do work and there is a resistance at these levels.
I am expecting a spike to 11800$ in the next 72 hours to fill the GBTC gap. And from there, it's time for a correction with the Halving Hype hopefully ending.
To get a bigger correction the Daily Candles shall not close above 10158$ (trendline closes) to be able to take a short in the next days.
At the end of the day, noone knows what Bitcoin does.
BTCUSD Double Top Resistance|Structural Support| No Man’s Land Evening Trader’s
Today’s Technical Analysis – BTCUSD – entering a new range by breaching structural resistance, a trade will only be valid with a retest of structural support (long) and or break (short) with a bearish retest.
Points to consider,
- Strong bull trend
- Retest of High time frame structure
- RSI overbought
- Stochastics momentum up
- Strong bull nodes
BTCUSD’s trend is extremely bullish breaking multiple structural resistances with the next cluster of support being situated at around $9450 - $9650 (HTF Support).
A retest of the high time frame support is probable for a confirmation of an S/R flip
Break and failure of structural support will increase the likelihood of testing the next trade location at $8500 (local support), for a confirmation, a bearish retest will be probable.
The RSI is trading at overbought conditions, due to the bullish nature of the trend; the RSI can and has reached the 80 level as a pivot.
Stochastics is trading in the upper regions with no clear sell cross, momentum is stored for the bears if a trend reversal is confirmed.
The volume is quite solid, consecutive bull nodes above average; a climax that engulfs all previous nodes will mark the temporary top.
Overall, in my opinion, the higher time frames are extremely over extended; a correction will only be healthy. BTCUSD may trend to test the double top resistance before correcting and confirming the S/R flip.
A short position will only be valid if a breach of structural support occurs with a bearish retest as entry.
What are your thoughts?
Please leave a like and comment,
And remember,
“Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.” ― Yvan Byeajee
CRPT Complete Analysis | 1W 1D 4H1D Chart
Local Support has been tested and the quickness of the tests enhances the quality of the Support zone. Buying 30% position here with stoploss below the Local Support.
If price action do not hold the Local Support then we are most likely to see price in Accumulation Zone.
4H Chart
Price breaking below parallet channel and if it reclaims it and breaks above the falling channel then a buy position has been explained.
Weekly Chart
Accumulation zone have been defined using Lower time frames (1D) and is containing untapped buy orders.
Disclaimer
This is not a financial advise. Trade at your own risk.
Bitcoin Scenarios for Halving and BreakoutCurrent scenarios on the 3 day chart:
After the big 3 day candle which closed yesterday, we're now waiting 3 days for the current candle to close. A close near current price will create a spinning top or indecision candle, which will suggest a strong move upwards (see blue box)
Alternatively as per red box: possible dip to find support around $7425 as a launching pad for breaking through long-term strong resistance trendlines above.
Shorter time-frame analyses to follow to track the scenarios as they develop.
BTC Haveling, and long term analysisLooking at past BTC halvings, we see that we do not have a trend. For something to become a trend you need 3 times to have same-similar results, and we only had 2 evenings so far.
That said, I was convinced, till I did not look myself, that BTC had fallen 50%+, but it looks like it was not the case. We had fall little earlier than halving, and on the second time, we had small retracement for BTC.
Now, if we only do analysis, and this is not a trading idea, maybe it is, but you need to determine your exit points on your losses and gains; we can only see that last 2 times we were above 21 EMA on weekly, and for now we are under 21EMA (yellow line).
My general rule for all charts, I am not generally looking for something to go up if we are under 21EMA weekly, and if we are above 21EMA weekly I love to look for longs and do the Elephant Walk strategy my way.
So for me personally, I look to see, can we pass 21 EMA, and make a positive slope on it, or we will get rejection now.
With this strategy, you will not get ultimate low, or ultimate top, (but combining other methods, you can), but you will stay out from most bad trades, trying to determine low or high.
Happy trading and stay safe and SAFU :)
Bitcoin Before Halving | $5500 or $6200 ? Please Like and Follow First.
Buy Back I - $6425 - $6280
Bull Flag Support + Bullish Gartely Pattern + Previous Trenline + 0.382 Fibonacci Retracement
are coinciding a Support Zone ( $6425 - $6280 )
It's Targets are ( $7450-$7650 )
If Breakout of Bull Flag then Target extends to $10,000 +
Stop Loss : $6100-$6000
Buy Back II - $5900-$5560
Break below from Support Trendline + Weekly Pin Bar Target + 0.618 Fibonacci Retracement
Price acion aims to fulfille the Break out tragets from ascending Support Trendline and Area Between 0.618-0.5 is a important area for a Spot Buy for Bitcoin.
Higher time frame is strongly supporting ( $5900-$5560 )
Stop Loss : $5250
Both Scenario can be Trade with a High Risk/Reward ratio.
So,
$5500 or $6200 is the Low Before Halving ?
What do you think ?
Let me know in the comments.
BTC/USD LONG (SNIPER ENTRY TO THE MOON)BTC/USD LONG
ENTRY 1 $7,148 & ENTRY 2 $6,994
SL $6,713
TP.1 $8,268 & TP.2 $8,768
TP.3 $9,086 & TP.4 $9,468
BTC/USD moved higher to the 8158.25 area during yesterday’s North American session, a shallow retracement that was well below the 38.2% retracement of the depreciation from 9214.67 to 7630.00. The resurgence of BTC/USD weakness was hastened by the election of many Stops related to the downturn from the 10030 area and subsequent upturn from the 8400.00 area. Stops were triggered below the 8901.53, 8741.24, 8635.31, 8592.26, 8552.95, and 8320.67 levels during the depreciation lower. This sharp sell-off increased the likelihood of a move to test bids around the 7793.31, 7574.71, 7265.95, and 6613.45 areas. Another important technical level that traders are closely monitoring is the 7987.25 area.
Price activity is nearest the 50-bar MA (4-hourly) at 8639.32 and the 50-bar MA (Hourly) at 7934.74.
Technical Support is expected around 7630.00/ 7417.31/ 6993.10 with Stops expected below.
Technical Resistance is expected around 8366.39/ 8760.76/ 9121.40 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
BTC, Halving and the 200MA-BTC could bottom, as usual, on the 200 weekly MA - before, during (on the same day) or shortly after halving
-Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it
-Daily oscillators look like they want to go down
-Volume is decreasing
-Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of new parabolic run
-Halving could bring nothing, so many could sell shortly after it due to lost patience/hope
BTCUSD-->ICHIMOKU && MA ANALİZİ->MA 200 ve MA 50'nin pozitif(MA 50'nin MA 200'ü yukarı kesişi) ve negatif(MA 50'nin MA 200'ü aşağı kesişi) kesişimleri sonucunda fiyat kesişim türüne uygun hareket ediyor.
-> Ichimoku Bulutu bulut oluşum renklerine uygun olarak (Yeşil->yükseliş, Kırmızı-> düşüş) fiyat hareketlenmesi yaşanıyor.
-> MA ve Ichimoku Bulutu'nun aynı zamanlarda pozitif davranışları sonucu oluşan fiyatlanmalar grafikte belirtilmiştir. Grafiğe ait uzun zaman öncesi veriler yüklenemese de
hazırlamış olduğum şekiller görünecektir.
-> 1 Şubat günü Ichimoku Bulutu'nda yeşil bulut oluşumu başladı. Önümüzdeki günlerde de MA'lar arasında pozitif kesişim olmasını bekliyorum.
-> MA'lar arasında pozitif kesişim olduktan sonra fiyatın paylaştığım önceki grafiklerde bulunan sarı üçgen oluşumuna uygun olarak hareket edeceğini düşünüyorum.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-> Yukarıda Yazılan Bütün Fikirler Bana Aittir. YATIRIM TAVSİYESİ DEĞİLDİR.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Bol Kazançlar :)