BTC - Correction PhaseBTC entered a correction phase, closed daily candle with -7.5%.
Although the wick looks quite optimistic, I would not mindlessly long now, on a larger timeframe, the PA looks like the correction is not over yet.
I leave a couple of bids in the purple area (on the chart) and patiently waiting.
I'm not saying "it gonna dump", just trying to get better entry.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
BTCPERP
BTCUSD - Yet another short term Triangle After the last short term triangle which played out well (see my related idea) , BTC has formed just another one. This time with a longterm s/r line. Watch out for fakeouts (-> tight stops and possible re-entries required).
No financial advice, just my opinion.
BTCUSD small triangle on the 15min + long term s/rScalping opportunity on the 15 min.. Triangle seems to be respected. Due to the massive Bull run I would lean towards breaking the red support line which can be traced back to October. We shall not guess the market tho. So I can see a bullish and bearish scalping opportunity here. The bearish move could be the beginning of the long overdue correction to the downside, meaning, it could pay off to keep that position a little longer.
No financial advice, just my opinion.
BTCUSD - Possible Triangle on the 4H - OpportunitiesMerry Xmas everyone, it looks like Santa brought us some long and short opportunities in form of a Triangle. Long on breakout above, short on breakdown below. Watch out for fakeouts -> tight SL and possibly re-entries required. No financial advice, just my opinion.
$BTC - Turtle Soup - 62% Retracment or more - Sell (SMT)Self Explanatory. Aiming for the last day it had a bearish candle around 19400. You find the bearish daily Candle in the perpetual futures contract. Ticker BTCPERP, I didn't find a bearish daily Candle in any BTCUSD exchange. But the BTCPERP charts are much better for trading CFD's anyway.
BTCUSDT - Long Scalp Near Resistance Plan to enter a trade near ~$19k, e.isomething like $18.7k - $19.k. Targeting $19.4k+, invalidation ~1.5% in in the opposite direction
Reason: Due to the strength and speed of the pullback, I expect another test of the resistance level at $19.4k soon.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
BTCUSD - Range GamesNot a lot of action for Bitcoin for the last 7 days, it's stuck in the range (on the chart above).
I think if it can break $19.5k resistance, we will finally see $20k+. Otherwise, if it loses $18.5k level, we will wick to $18.2k - $18.0k zone (or even fall lower).
If you're trading the range, it's a good time to buy, because price is near the support.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
most likely bitcoin is in bear town...this does not necessarily mean we wont see spikes up higher however this is drifting closer to a correction, tread careful bullz
BTC - Sell-off after vaccine news (scalp)Bitcoin price experienced sell-off, like a gold, MCX:GOLD1! , after the vaccine news came out.
It found some local support atm, looks like bounced, 've opened scalp long, targeting $15.4 - 15.5 and PA like the previous dump. Otherwise, $14.4 will be retested.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
we are at a multi factor cross roads for bitcoinprobably one of the more technical charts ive put together recently but as you can see bitcoin is at an intersection:
gann line
horizontal price level
historical pump/dump rsi band level
a touch of the band can signal a reversal, a cross of the band can signal further movement
this level truly is crunch time for bitcoin, born in a recession and facing a new one, which way will it go?