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Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders. I think it's high time for bitcoin to go short!. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
9
BTC BITCOIN Technical Analysis and Trade Idea#Bitcoin Technical Analysis ⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level. ⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely. ⚫ Optimal Entry Strategy: Target a potential buy entry near the 61.8% Fibonacci retracement level. ⚫ Trade Setup: Seek a daily timeframe price swing aligning with the 61.8% Fibonacci retracement. Place a stop-loss order below the previous swing low. ⚫ Risk Management: Maintain a minimum risk-reward ratio of 1:2. Important Disclaimer: This analysis is intended for educational purposes and does not constitute financial advice.
OANDA:BTCUSDLong
by tradingwithanthony
1
Bitcoin UPDATE!ITS NOT FINANCIAL ADVICE! as i can see last time bitcoin did not breake 49k and had hard resistance and in Weekly Chart bitcoin is showing alot of bearish signs no matter what u put on chart is always showing for bearish my idea is that Bitcoin can retest again 45-49K zone if it dosnt manage to breakeout we will see again the lows which is gonna be good for buying and holding till bullrun which i expect to be on year 2025 and its better to be 50% in and 50% out in this moment NEWS ABOUT Grayscale FOR ETF! grayscale momentaly is selling btc from their trust (theres a chance because the fees are too high for GBTC) Germany In Recesion! germany is the first country on EU to go in recession (Bearish Sign Too) and i expect since germany was the first country the others will go too High Bank Loans FEES! ETC,ETC,ETC
by sakicasignals
2
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
OANDA:BTCUSD
by tradingwithanthony
BTC - Bitcoin Falling to $32,000! Or Will It Fall Lower?Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long? How do we trade this? 🤔 My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This analysis called for a short to just above the trading range support at $38,350: That short has come and gone, there is not enough area left to short without placing too much initial risk on the trade. It is still reasonable to short on lower timeframes like the 5m and 15m chart, but not the 4HR and Daily as we're doing here. We should be looking for long entries in the Trading Range zone between $31,800 and $37,500, right at the Daily 200EMA support. If we find a strong bull signal and confirmation candles following that support area, we should enter at least a 1:2 Risk/Reward Ratio long with a position size near our maximum, as justified by these data points and the macro bull trend. Stop loss should be placed below the Trading Range at $34,300. It's reasonable to take half profits at 1:1 Risk/Reward around $38,900, move the stop loss to your entry price to lock in profits, and then swing the rest of the position to at least $41,200. 💡 Trade Idea 💡 Long Entry: $36,600 🟥 Stop Loss: $34,300 ✅ Take Profit #1: $38,900 ✅ Take Profit #2: $41,200 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Measured Move completed followed by strong sell signal and confirmation bars 2. Two legs into a pullback with a gap to fill to the Daily 200EMA 3. Look for Support to long in the Trading Range near the Daily 200EMA 4. RSI at 38.00 and below the Moving Average, supports the continued to fall to the Trading Range 5. Once a strong signal and confirmation bull bars close above the Daily 200EMA, it's reasonable to long at 1:2 Risk/Reward 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:BTCUSDLong
by TraderEngineering
BTCUSD Trading Plan - 31/Jan/2024Hello Traders, Hope you all are doing good!! I expect BTC to go Up if it gives correction here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EIGHTCAP:BTCUSDLong
by For3xScalper