Btclongsetup
BTC/USD SHORT TERM!!!The price in general is extremely bullish
I will be discussing the different situations of the price starting in the monthly time frame all the way down to daily
Monthly
The price is in the process of creating a new higher high. The price base in the monthly can easily reach the 75000. If you take the fibonacci from the low of the correction to the hight. You will see that the -0.272 is exactly on 75000. We price can easily reach that target.
Weekly
The price broke above monthly structure. Also , the price is creating higher highs and higher lows. We can definitely expect more continuation to the up side.
Daily
We have an impulse and correction. If we take the fibonacci from the low of the impulse to the high of the impulse we can see that the price is respecting .618 fibonacci level. The price can easily reach in short term 70,829.
Targets
short term:70,829
long term: 75,000
We can easily see the price reaching this targets. Remembers this is for educational purposes only.
Thank you for the support
BTC. Laying the plan out for the long trade!Greetings traders! It looks like there is a good case for BTC to have finished it's initial run up from the support zone around $40k. Whilst I do have another count that has us only at sub-wave 3 of the 1st wave, the balance of evidence points to the first wave completed. Now we can look for the wave 2 pullback and getting set for the true rally that should take us a lot further than the current ATH's! Plan your trade and trade the plan! Good luck!
BTC Looks BullishLet's get back into that channel and continue moving up!
But then again... there is a lot happening in the world right now, so this could change pretty fast.
Have a great day!
BTC/USDTBINANCE:BTCUSDT
Friends who intend to enter, I must say that after the defeat
You can see the blue line that I considered as the ceiling
Enter by following the stop loss and after defeating this
Price resistance can fall and if with strength
You could break it for a pullback on the price of 37120
Count to the Fibonacci level
BTC longTrade idea
BTC 1H ABCD pattern.
Pattern takes us to 28138.76. Can go down to 25977.75
Expect support at the 1.272 because it is next to the 2.618 of a larger butterfly pattern and just below strong support at 30k.
Can set stop loss below 1.618 for high risk as technically the ABCD pattern can take us down to here. Can set just below the 2.618 for low risk.
If all levels break then expect next support near 22k.
Targets would be B, C, and A points.
This is just an idea and not financial advice.
Bitcoin 65K end of March?The new price range has been relieving for everyone and it has generally gets better new support area has been retested.
Denied in past resistance line and now in a somewhat safe zone. Past bull run shows a extremely consistent higher lows on the RSI and for now and the new season for BTC, I expect it to go into buy zone in order to accumulate more buyers and have a clearer run from there, nevertheless I do believe end of march will be great for Bitcoin.
BTC/USD - Further 24% upward movement might be upcoming Hello, Traders!
Buyers continue local ascending movement from 29150$
All sales were bought out in a range of 37650-39775 $ after which the price moved in a new trading range of 44200-47200 $
In order to ensure the demand for the asset during the week additional 4 Billion USDT(Tether) was issued.
We can expect that the buyers will want to sell their purchases accumulated 37650-39775$ at a higher price, with the upside movement culminating near the $56000
Entry in the deal can be considered in the range of $44600-$45100
The Stop Loss can be placed at $42500 (this is the level of the strong buyer according to the cluster analysis)
Targets would be Fibonacci levels at
$51 000
$54 200
$56 300
Good luck and watch out for the market!
P.S. This is not a piece of financial advice, but only a trade I am following myself
BTC Dominance Month Chart GET READY FOR LIFT OFF!This pattern I have circled if I am right will pump beyond anything level Btc Dominance has ever been to. This is a huge signal that goes hand in had with the 6 hour incoming ascending scallops chart. Buckle up Folks things are going to get crazy!! Hit me with a like if you agree and Follow me for for updates and ideas.
BTC Gearing Up for A Strong Move?My Follow Crypto Traders,
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
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ANALYSIS:
BTC seems to be gearing up for a strong move. However, the question is, in which direction? BTC has just undergone an ABC correction, which would imply price action to the upside. Thus, BTC would make another attempt at testing the $11.5K resistance level. From my personal observation, BTC favors numbers 3 and 4. Therefore, BTC usually breaks resistance on either the 3rd or 4th re-test. So, I am predicting that we may fall and re-test the $10.9K support levels, which seems to be a region of high value before the end of October. A correction to a region of high value would be healthy, which would induce a move orders of magnitudes greater and break through the $11.5 region and on to $13K after the election. This narrative would only play out if we see the 9ema cross below the 20ema on the daily timeframe, so keep an eye out. Being that this is crypto in which there is a narrative where we can see BTC dip after a failed re-test of the $11.5k resistance either right before or after the election, and full the CME gap.
*Note: Any stimulus news would be a huge catalyst to the upside. So, keep your ears to the street regarding stimulus news. Also, we are seeing institutional money flowing into the market, which if this continues, it can also be a catalyst in the market. Especially, since there is a fear of high inflation.
KEY
Green = 4hr timeframe resistance/support
Blue = 3hr timeframe resistance/support
Red = CME Gap