BTC 2H RESISTANCE/SELLBTC 2H resistance is at ~$40100
Enter 50% at the current price
and try to set some sell orders near the resistance zone
If BTC stays below the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
BTCPERP
BTC showing some weakness ?BTC is trading below the yellow uptrend line
its important trade above the upward trend line or the price will fall to the red lines
if it break the yellow trend line and closed at least 2 days candle above it
we may claim the 41500 and 42700
but closing a daily candle below it there is high chance that we see the 37000 or lower
not to forget that today have 2 important closings , the daily and the weekly so trade safe !
BTC 1H Sell (Short-term)BTC 1H resistance is at ~$39500
Enter 50% at the current price
and try to set some sell orders near the resistance zone
If BTC stays below the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
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.
Wyckoff Long Entries for Bitcoin 04/21/2022Hi Traders,
I am still expecting hard reversal from 43500-44500 zone. We might hit a rock bottom of 19-30k after this long.
Be careful around the Party Pooper zone. Ayt?
Good luck guys.
Let me hear your thoughts. I will appreciate any feedback.
BTC 2H BUYBTC 2H support is at ~$40500
Enter 50% at the current price
and try to set some buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
Cheers
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?
Bearish flag Continuation or Cup and Handle Breakout?2 Patterns possibly playing out.
Cup and handle - Currently at wave 4. We should expect a bounce in this current range - 39987 to 40206.
Bear flag / H&S - Will validate if price reaches below 39950.
Trade carefully
BTC Head and Shoulder vs Cup and Handle PatternA break above 40621 will confirm a cup and handle breakout, however, shorters can overpower longs in the breakout or breakdown line. Long carefully.
A break below 39500 will validate the head and shoulders pattern and will open a short opportunity.
Thing of beautyMissed the move but love the fractalization
Price disjoint and bearish trend from Sub 41k to deviation and brief flashes of 39k ASKS, a long with slight leverage would have done well here.
ETH heading to 2850ETH is heading lower to 2850-2750 before we see a reaction. Will be waiting for BTC to hit 39k as well. Until then I am sitting cash. There definitely is still a short opportunity here for those willing to take the risk. I will not be. Sitting on stables until we reach demand.
BTC 1D BUYBTC 1D support is at ~$41000
Enter 50% here
and try to set some buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $45200, $48800, and $52860
Cheers
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.
BTC analysisRange high is currently being tested.
I will have a short bias until price breaks and holds above the local high.
The two most likely scenarios for me are:
-A sweep of the local high before a move down; or,
-A break back into the range and a move to the range low.
Happy trading.
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 vs. WyckoffStandard Wyckoff overlayed on the BTC chart mid-december 2021, and respected since... but, for how much longer?
Bitcoin analysisThis is a clear long position.
-Monday's low swept
-Multiple taps on the range low
-Expecting price to push to Monday's high/range high
-Trade invalidated if it pushes below swing low.
