BTCPERP
BTC 1H SUPPORT LEVELBTC is now sitting on 1H support (~$35700)
It's time for BTC to make a decision
If BTC holds above the trendline,
the Take-Profit target would be $36800, $37300, and $40500
BTC 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
BTC POTENTIAL looking scenario right now According to some indicators and current market situation as retails investors continue to sell on support .
short is brewing .
we saw the 10k crash earlier. Could be another one coming who knows.
long term investors are still there.
as pi cycle say we could go below 20k but there is a very little possibility of that as if it would than it will probably go to 9000 for cme gap .
as the current situation bears are in control, no to little volume .
current scenario : 30k-28k => 31k then we either go to 38k or to 18k
gl
BTC 1H ResistanceThe price is rejected from the resistance mentioned yesterday
Not buying BTC until it stays above the trendline
Wait for the next BUY signal
Bitcoin 1H Resistance Not buying BTC until it stays above the trendline
Wait for the next BUY signal
BTC 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
BTC 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Bitcoin (BTC) • Pullback while we don't have stronger signs Bitcoin finally broke the trendline coming from the top and it's likely that is on a corrective pullback (not return to bull run)
I don't buy the "we found the bottom" narrative just yet since we don't see strong volume signs coming from different markets, specially futures.
Funding rates are also pretty flat at the moment which reveal a lot of uncertainty.
At the moment I see potential correction to 45k range (max 48) then retweet recent lows once again. But it can easily keep marking down further from here since that is the dominant trend (a mix of daily and weekly) at of now.
BTCPERP 1H Inverse H&S with Symmetrical TriangleAs you all can see BTC is making symmetrical triangle along with inverse head and shoulders on 1Hour Chart.
Btc May touch 35k again which would be a good healthy sign to complete the chart and inverse h&s however if it goes below to 33k it would be a problem.
Tps and sL are given via fib
BTC 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
$BTC reversal scenarioThis is what needs to happen for bitcoin to reverse. It has to reclaim the 38k level, and would most likely do this with a reverse head and shoulders pattern.
I'm not saying this will happen, but this is what BTC needs to do if it wants to reverse. If you see this pattern forming, it would be time to long bitcoin again.
BTC ResistanceBased on yesterday's idea,
BTC keeps rejecting by 1H trendline
Another >10% drop from the resistance trendline✅
BTC ResistanceBTC keeps rejecting by 1H trendline
Next resistance level to watch: $39k to$40k
For futures trading, try short near resistance and sl above trendline
For spot trading, wait for the next 1H BUY signal
#XBT #BITCOIN #BITMEX #COT indicatorAs price decreases and the Open Interest decreases
= The bear trend is weakening
As prices decline and the open interest increases = new bears piling on
I'm not an expert at reading this so comment if you understand it...
BTC 30m BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
btc decision timeWe are getting close to desicion time,
Surely it is not a investment advise,
Take your risk on your own.
The break out needed for RSI falling line,
Deadline 23rd Jan.
TAKE PROFIT on BTC 1H SELLTaking more profit here
Not buying BTC until it stays above the trendline
Wait for the next BUY signal
BTC UP ro DOWN ? Hello Again dear investor .
Elliot Wave and ABC Pattern is completed and you can see Reverse Cup and Handel . Every thing is ok now. (T_T)
Stay tuned For update . (⌐■_■)
Bitcoin (BTC) • The correction Bitcoin was long due for deeper correction and we are finally seeing it unfold possibly for the reasons discussed in my previous video.
Today, I take a look at the trend and some structural technical levels to be paying attention in the near future. Also cover liquidations, funding rates and futures premiums.
BTC daily update-On the daily chart, we have swept the lows of 28 Feb and it seems likely there will be at least a slight bounce here.
-There is still a key area of support around 39.5-40.5k that remains untested. The next interim support below this is around 35.8–36.7k. If bulls step in, it is quite likely the 39.5-40.5k area gets front ran.
-Price has begun making lower lows, lower highs. We are currently printing a lower low on the daily.
-Price has broken through and rejected off the 100EMA support and is currently testing the 200EMA.
-On a lower timeframe, we are starting to see signs of bullish divergence with RSI and volume has been increasing.
Outlook
-The 4h chart is showing some signs of strength so it seems likely there will be a relief bounce, however at this stage the 1D 100EMA is acting as resistance.
-My bias is skewed short for the coming days and I will be shorting the bounces.
-If you have a long bias, there is opportunity to continue buying dips at the levels mentioned above on the 1D chart.
