BTC 4H SupportBTC 4H support is at ~$36000-$36900
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $39800, $41200, and $43500
BTCPERP
BTC short setupBTC has pushed into support a number of times, and while it is holding for now the support appears to be getting weaker.
If price does not have a good bounce off the support soon it is likely to fall through, giving us our short setup.
Start stacking shorts now, or short on the break of support for a more conservative approach.
BTC 1H SupportBTC 1H support is at ~$38300
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $39800, $41200, and $43500
BTC daily update - 4H and 1H timeframes reviewed4H
Price made a good push into a key level, sweeping the previous high and closing above the 200 EMA, however we are still trading below the sweep of the high.
In order to see further upwards momentum in the short term, the key level and 200 EMA need to hold.
Bitcoin (BTC) • Time to short 40k?There is strong going demand. Intraday Volumes at lows are looking great and the Daily seems to picking up a nice steady grind.
37k is a nice bidding area in case of retest of lows to create a bear trap. Remember that this is also a probability.
Futures also showing some ongoing strength and Swaps trading bellow spot which implies strong demand coming from spot (or degens shorting and getting rekt in the process).
Check the video for more details.
I'm trying to get these videos max around 7m. I failed again. 🕯
BTC 1H SupportBTC 1H support is at ~$36500
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $37800, $394000, and $41250
BTC 1H ResistanceBTC 1H support is broken
For now, BTC 1H resistance is at around $36300
We will buy BTC again when it breaks through the short-term resistance
Waiting for BTC to break out
BTC 1H SELLBTC 1H support is broken
For now, BTC 1H resistance is at around $36180
We will buy BTC again when it breaks through the short-term resistance
Waiting for BTC to break out
Crypto - BVOL Suggests An Explosive Move ImminentIdea for BVOL24H:
- BVOL is like the VIX for Bitcoin.
- BVOL Wave 5 target 30+.
- Likely move is Down: Complacency Phase -> Anxiety Phase.
- Short Bitcoin
GLHF
- DPT
BTC daily update1D
Price swept the recent low and we saw a good bounce up into a key level at 35.5–36.5k. Price is currently just above this level and is yet to flip it to support. Price is still sitting under 100 and 200 EMAs. RSI is beginning to make higher highs.
4h
Price has just ran into the 100 EMA and is seeing a rejection. RSI is beginning to show strength and OBV is increasing.
Prediction
Price will begin to compress between the 4h 100 EMA and the 35.5-36.5k region. If this region can hold as support then we should see a move to the next key zone, being 39.5-40.5k. This area is confluent with the 4h 200EMA and 1D 100EMA.
BTC 1H SupportBTC 1H support is at ~$35100
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $37800, $394000, and $41250
Bitcoin (BTC) • Consolidation while Alts have their momentBitcoin is in a very difficult position at the moment.
Low volumes, low volatility, books look like accumulation but keep flipping liquidity pressure up and down every 4-8h or so.
In this video we also take a look into Funding Rates, Swaps/Spot Basis, Futures Premiums and Bitcoin<->Altcoin Rotation charts.
Make sure to check my latest article in the links bellow.👇
$BTC reversal: bullish news and bullish candlestick at supportBitcoin closed the daily candle above weekly and daily support, also forming a bullish hammer-like candlestick. This alongside the bullish El Salvador news, and the other countries starting to fomo into btc makes this a low risk entry. Use stops if we break new lows though. Take profit as we go up
BTC 1H ResistanceBTC got rejected by the 1H resistance mentioned in the trading idea published yesterday
For now, BTC 1H resistance is at around $35300
We will buy BTC again when it breaks through the short-term resistance
Waiting BTC to break out
BTC 1H ResistanceBTC 1H resistance is at around $36500
We will buy BTC again when it breaks through the short-term resistance
Waiting BTC to break out
BTC 1H Resistance (Short-Term)BTC 1H resistance is at around $37200
We will buy BTC again when it breaks through the short-term resistance
Waiting BTC to break out
BTC 3H BUYBTC 3H support is at ~$37100
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $39800, $41350, and $44750
BTC 1H SUPPORTBTC 1H support is at ~$37100
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $39800, $41350, and $44750
Bitcoin (BTC) • Let's do some On Balance Volume analysis Bitcoin want to test higher but volumes overall still looking very weak to be considered bullish.
Swaps keep trading back and forward but futures still remain relatively flat with normalised premiums (that is good).
Funding rates currently favouring shorts as price mark up.
Overall feel pretty neutral leaning bearish (even if we mark up to test 45k range). Daily and Weekly timeframes look ugly.
I want to see volumes and some other strong signals coming out of futures to be more convinced that we found a bottom. At the moment I am not convinced.
In this video I focus on the analysis of the On Balance Volume (OBV) indicator.
BTC 1H SUPPORTBTC 1H support is at ~$36300
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $39500, $40350, and $44750
BTCPERP H2: 42K USD SHORT IT. Distribution&Stage2 DUMP(SL/TP)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
BTCPERP H2: 42K USD SHORT IT. Distribution. Stage2 DUMP.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern . correction NOT OVER yet!
my target is 30 000 /35 000 USD, already hit
but will likely get re-tested soon
🔸 Summary and potential trade setup
::: BTCPERP 2hour chart review/outlook
::: AS ALWAYS: DO YOUR OWN DUE DILL!
::: distribution / locked inside range now
::: MAY/JUNE weak period for bitcoin
::: based on 10 years of data
::: previously compression into rising wedge
::: broke down / re-tested the structure
::: more downside possible next 4-6 weeks
::: distribution in progress right now
::: limited upside beyond 42 000 USD
::: 44/45K USD will MAX OUT / and correction
::: will resume after we MAX OUT later probably
::: next week
::: Bulls should wait for the BEAR structure
::: to complete now, buying later near 30 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: BEARS can re-short 42K USD
::: until we hit 30 000 USD later in June 2021
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 30k
::: so just sit out the correction now
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/30000USD
::: Sentiment outlook short-term: BEARS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
