BTCPERP
BTC whats next? This is my journey of trying to learn TA and use that effectively in my trading plans. So please do not rely on this idea for your trades.
Clearly can see why BTC rejected from the 42.9 area and now holding support for the moment. Would not be wise to open shorts unless it breaks this level cuz could see a bounce from this region. Maybe wait for a bounce to 40 .5 area before opening another short.
BTC what's next? In a tight channel. This is my journey of trying to learn TA and use that effectively in my trading plans. So please do not rely on this idea for your trades.
Clearly can see why BTC rejected from the 42.9 area and now holding support for the moment. Would not be wise to open shorts unless it breaks this level cuz could see a bounce from this region. Maybe wait for a bounce to 40.5 area before opening another short.
3-Day Look into BitcoinSince 67k was an obvious fakeout, an expanded corrective flat pattern must play out.
Y point will be much lower than W due to the massive pull from X.
23500 is very viable, however, we might see a pump to 42-45k first to start the zigzag downwards.
If it breaks out of 45k, we will get a 1st confirmation that zigzag (scenario B) is invalid. If it breaks out on top of the ascending triangle (Scenario A), that will be the 2nd confirmation to long.
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Looking at the RSI, we still have some space to meet 28 range and finish the 5 move triangle and finally break out of it to get a hidden bullish divergence at the inverse H&S level.
I hope this TA finds you well on your trades. Have a nice day and stay safe.
Bitcoin (BTC) • Micromoves in low volume market We are reaching interesting levels for positioning LONG inside this micro trading range.
In the video I walk briefly trough significant technical levels and their confluence with the orderbooks.
A look into futures premiums and perpetual swaps vs spot basis.
Funding rate also turning negative again with recent drop.
Not financial advice. Educational and Entertainment purposes only.
If you are interested in access to D7 technical indicators please refer to the website link bellow
or feel free to check my free indicators in published scripts section.
Motive ending diagonal wave playing outHi traders,
It is obvious BTC did not make an impulsive motive wave. I believe it is creating an ending diagonal motive wave wherein there are literally repeated 3 corrective moves up to wave 5.
I checked fibonacci time as well and we should reach Wave 3 or 42960 - 20-28 hours from now. I am now preparing for a long entry.
Elliot traders, are you thinking the same?
Bitcoin - don't be too bullish just yetPrice could be forming a low timeframe range here and we are seeing a strong rejection on multiple time frames.
I would be careful being too bullish here. Breakout traders have already been caught offside.
If price can break and hold above the swing high then long. If the rejection continues, then short and target range low.
Wave 4 to 5 within the next few hoursHi traders!
Upon connecting all the trendlines, and getting 0.382 of wave 3, it all points to 44608 and should serve as a critical support before going to 49.8k. 🚀
This will all be supported by hidden bullish divergences from both RSI and MACD
It may also be better not to take profit at 49.8k, wait for the trend break and retest before doing so.
short BTC 47570 Target 46500 ,44500 and 41000 stoploss 48300My idea is to play short in order to fill the gap that was created early this week, if you're interested into getting a60% guaranteed 3K provided you trade 1 btc then it's today and tomorrow your window of opportunity.
that said there are many bullish signals that say we could go to 52 k before filling the gap so be very cautious and respect the stoploss.
the moment you see the price going above stoploss 48300 and closing at 30 min without much reaction from bears then close the position and the follow the bull crowd. To sum it up you're risking 800 usd to make 3k sunds like a good deal to me.
How about you?
here we go
BTC Will Rise to 51K$. but first a pullback to 45k$.BITCOIN is definitely in a bull trend. 51,000$ is the target; But It is necessary to retest 45,500 before that.
Moreover, It is highly likely that the trend would turn about 1 thousand before the Target.
Black areas > Red Areas > Purple Areas ( > means stronger)
(there are small chances that none of this would come true)
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