i sold BTC, thats why...As you can see we have 1W and 1D downtrend. when we have higher TF downtrend we expect correction, and this correction gonna be uptrend on smaler TF like 4h.
My point - we will see corection to imbalance zone that i marked box pink colour, and after testing this box probably we will see continiuation downtrend to 12,600 - 10,000k to strong demand area. Personaly me, i sold 50% spot portfolio, to buy much lower if market alow me to do it.
Not a financial recomandation, only my thoughts.
If you agree with me, i want to see feedback in likes and comments. Have a profit=)
Btcshorts
BITCOIN WEEKLY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#BTC/USD UPDATE:-BTC formed a descending triangle and held above the key demand zone. The price is now in a contraction phase and is on the verge of a breakout/breakdown.
A lot of liquidity has been created on both sides, so a trapping move can be expected here to hunt stop losses.
If BTC breakout descending trendline with a good volume then we could expect a move towards $28,805, while a solid breakdown would indicate a move towards the 2019 high of $13,970.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC ZOOM OUT of the previous scenariowe will witness a slight decrease in the price, then the trend will refresh its power to go up... the scenario will be valid only if the a b c pattern is completed that means when we hit the C point wait for the big green candle and put your order just after seeing any uptrend patterns at the small frame < 30min frame
Holding my short down through giant BTC bear flag Yesterday I opened a short on BTC at 19950. Right now it looks like we are waterfalling down from the giant bear flag that was last month. I've placed a stop loss around 22k, and planning to hold until the upper 18k area; then I'll reassess the situation and see if I should take profit or potentially add to the short.
This idea is more of a swing trade for a couple days; it's not meant as a short term trade, and I'd recommend having a wide stop loss and smaller position size. Because of Powell's speech Friday the general sentiment is bearish; stocks have dropped significantly over the weekend as well.
BTC! 2 more highly probable scenarios I'm watching at the momentI'm looking at daily timeframe. Although BTC and stock market weekly closed bullish, but BTC was rejected at 24.24.5K very strong and Stock market both S&P and NZD were closed at resistance levels.
At the moment I'm waiting for stock market to open then make a decision. If stock market rejected it will drug BTC to 22.-22.5K level, which will be bullish retest of previous support before reaching 28-30K.
But if Stock market pumps a little bit bcz it has a little room to run up or to make fake break out before expected correction. In this case orange scenario will play out and BTC will pump to 26.6K before expected correction and making new higher low. It is less likely but if stock market smashes through the mentioned resistance without fake breakout and deviation in that case BTC will hit 28-30K in coming days and will be rejected as it is very very strong resistance level. The last scenario less likely bcz I don't think stock market can break current resistance at once.
BTC SHORTS: a tool to approximate BTC key levels & directionBTC shorts shows that it has approximately 63% more to drop to key support. That may take BTC at least to the 28-33k level from current 20/21k before the shorts bring in a bigger correction sometime in August2022.
I do this as a hobby & not for trading advice.
#BTC #Bitcoin Trading Setup for 15days.BTC as we have seen has huge potent if closes above 23419 and sustains, sustaining can bring lots of changes and can go upto 27K in a day considering there is no prior resistance. But i see a rounded retracement till 17573 and spring may happen before any prior movement as it cannot sustain 22000. So one can short from 22000 till 21500 and 20820 but eitherways holding can be done again at 18500 levels! Though make sure weekly chart has 300 SMA res and it may bounce back to 35k prior