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₿itcoin will go | Trade Analysis BTCUSDHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity BTCUSD
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke $28,298 support, currently testing to hold. $27,994 support in effect, 4H RSI looking good, Previous daily close failed to follow bullish close from Tuesday, last daily closed bearish. Current support range $27,478-$27,994. Must hold $27,994 to reattempt $28,781
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Bearish engulfing played out dropping towards $26,650 support which held as expected being a key support, $28,781 resistance testing as of now, RSI on 4h oversold, bullish engulfing coming up on 1D with RSI approaching oversold region, next key resistance $29,742, Current support $28,298, gaining $29,742 will help test $30,623.
BTC has positive signs- The BTC price increase scenario I presented yesterday was completely correct. However, due to the news, BTC price rose faster and stronger than I expected. Stay tuned for today's BTC commentary!
* Image D1 above: Yesterday's candlestick D1 was a strong bullish candlestick with a long top shadow, which suddenly increased in volume and closed half of its amplitude. From a technical point of view, this candle shows strong selling forces on the upside, which have succeeded in pushing the price lower and closing half of the range. However, due to the influence of fake news related to the BlackRock Bitcoin Spot ETF, yesterday's D1 candlestick did not have much meaning in terms of technical analysis. - Overall, BTC's short-term uptrend is likely to continue as it is trading in a new price appreciation channel. * Total3 comments (total market capitalization of virtual currencies excluding BTC and ETH)
- Total3 is accumulated in the last part of the symmetric triangular model, which is a bipolar model. However, this model was formed during a very long sideways phase, and the BTC trend is currently very positive. From a personal perspective, I'm leaning towards the scenario where his Total3 breaks the ascending triangle pattern. Therefore, I still believe that there will be a wave of altcoin recovery in the near future.
BTC Hovers at $28,000 with Strong ResistanceAs you may already be aware, BTC has reached an astonishing value of $28,000 with an alarming level of resistance. It was due to a fake story of a Blackrock ETF approval story. It is during times like these when it becomes crucial for us to reassess our strategies and approach trading with caution.
In light of the current situation, I strongly encourage each one of you to consider pausing your BTC trading activities momentarily. This is not a call to panic or to suggest that the market will crash, but rather an opportunity to reflect on the potential risks involved. As experienced traders, we understand that it is imperative to exercise prudence and vigilance as we navigate the ever-changing dynamics of the crypto market.
By pausing our BTC trading momentarily, we can gain a better understanding of the developing patterns and indicators that may guide our future decisions. It grants us the chance to reassess our risk management strategies, conduct thorough analyses, and seek advice from trusted experts in the field. This brief pause can help us avoid impulsive decision-making and allow us to approach the market with a clear and calculated perspective.
As we tread this uncharted territory, uncertainty can be overwhelming. However, it is in these challenging times that we have an opportunity to learn, adapt, and grow as traders. Pausing BTC trading now may potentially save us from unforeseen losses and provide us with a chance to regroup ourselves for the next profitable move.
Let us remember that our success as traders is not measured solely by our ability to act swiftly, but also by the wisdom and prudence with which we approach the market. So, take a moment and pause your BTC trading activities, reassess your strategies, and embrace this opportunity to ensure the long-term success of your trading journey.
Long trade #14 for Bitcoin BTC price. FOMC Fed rate todayWe have found a very interesting fractal movement of the BTCUSDT price, which now has a chance to repeat itself at least partially.
So, we'll try to take a long position.
Entry = buy zone $26456-26681 with a potential average price of $26569
Stop = $25764 (-3%)
TP = $29180 (+9.8%)
P/L ratio = 3.25
We allocate $10,000 for this trade
In the event of a mistake, we will lose $300
If the trade will be a success, we will receive a profit of $980
We also remind you that today, 20.09, is the announcement of the new Fed rate. Currently, the market expects the rate to remain unchanged at 5.50%.
Therefore, we assume that there will be increased market volatility at 18:00-20:00 UTC, during Powell's speech.
We plan to enter the trade on this volatility.
We also have a few of our old ideas that "subtly hint" that growth is still possible in the coming weeks:
Idea from 03/03/2023 "Inverted Head and Shoulders"
The BTCUSDT price has tested the base twice. It's time for the BTC price to grow, the minimum target for this pattern is $40-41k.
Idea from 04/28/2023 The BTCUSDT price has been skillfully moving with the green fractal for over six months. If it continues like this, then by the new year, $50-51k is real.
Idea from 11/18/2022. The total capitalization of the crypto market. Almost a year ago, the crypto market bottomed out. Since then, the total capitalization has grown by +25-30%, which is not much, to be honest. But if the fractal movement continues, we can see +60-70% in the total capitalization of the crypto market by the end of the year.
What do you think about this trade, and what is your vision? Write about it in the comments!
BTC H4 LONG SIGNALHello dear friends
Bitcoin in the H4 time frame can touch the level of $26,400 to $26,000. It can be suitable for a long position if there is a buying trigger.
It should be noted that the existing low base can also have a suitable position if the losses are accumulated behind the surface
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BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise.
In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye.
Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing.
I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed.
If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies.
Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
Bitcoin (BTC) Elliott waves update - All Time FrameBitcoin (BTCUSD) Tends to move with the Elliott waves. We do not predict the price of Bitcoin, but we move with that and draw waves on the chart.Hope this help you to have better looking of BTC Price.
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Follow this Idea to know the movement of Bitcoin based on Elliott waves.
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#BTC #Elliot_Waves
Potential BTC Drop: Brace for a Decline to $20,000As you may be aware, the recent volatility in the cryptocurrency market, particularly Bitcoin (BTC), has raised concerns among traders and analysts alike.
Based on our analysis and observations, it is crucial to address the potential risks associated with BTC's current price levels. While Bitcoin has experienced an impressive rally in recent months, surpassing all-time highs, there are indications that a correction may be on the horizon. Our conservative estimates suggest that if BTC falls below the critical support level of $25,000, it could potentially drop further to around $20,000.
Considering these possibilities, it is essential to evaluate your investment strategies and assess the potential impact on your portfolio. We strongly advise traders to exercise caution and consider taking appropriate measures to protect their positions. One such strategy that may be worth exploring is shorting BTC.
Shorting Bitcoin allows traders to profit from a declining market by borrowing BTC and selling it at the current price, with the intention of buying it back at a lower price in the future. This approach can help mitigate potential losses and even generate profits in a bearish market.
While shorting BTC carries its own risks and requires careful consideration, it can serve as a hedge against a potential downturn. We encourage you to consult with your financial advisor or conduct thorough research before implementing any shorting strategies.
As always, we appreciate your trust and loyalty. Stay vigilant and stay informed.
BTC - 12/10/23Bitcoin looks lost in this area with nothing much other than a tap of the $25600 FVG looks likely, we might push up to the $26930 area first to tap into that FVG left from the fall yesterday but other than some good news the CPI and FED announcement could send this down fast if bad news is posted!
Technical Analysis October 12: BTCAfter finding support at the 20-day exponential moving average ($27,227) over the past two days, Bitcoin broke below this level on October 11. This shows that bears are trying to gain control .
The next support to note on the downside is the 50-day simple moving average ($26,615). If this level is broken, it will show that traders are rushing to exit. The BTC/USDT pair could then decline to $26,000 and eventually retest the support at $24,800.
BTC's Death Cross: An Opportunity to Consider ShortingAs many of you may already be aware, BTC has been experiencing a rather tumultuous period lately, with its price exhibiting a concerning trend. In the coming weeks, we are likely to witness a technical phenomenon known as the "Death Cross." This occurs when the 100-day moving average crosses below the 200-day moving average, indicating a potential bearish market sentiment.
While past performance is not always indicative of future outcomes, it is essential to recognize that historically, the Death Cross has been associated with significant price downturns. In October, particularly, this pattern has ruined chances for profit in the past. Therefore, it is crucial to approach the current market conditions with a level-headed perspective.
Considering the potential implications of the Death Cross, I encourage you to explore the possibility of shorting BTC. Shorting allows you to profit from a falling market by borrowing BTC, selling it at the current price, and repurchasing it at a lower price to return to the lender. However, it is important to note that shorting involves its own set of risks, including the potential for substantial losses if the market moves against your position.
While this idea aims to provide you with valuable insights, it is essential to conduct thorough research and analysis before making any trading decisions. Always consider your risk tolerance, financial situation, and consult with a qualified financial advisor if necessary.
In conclusion, the Death Cross looming over BTC presents an opportunity worth considering, but it should be approached cautiously. As traders, it is our responsibility to make informed decisions based on careful analysis and risk management.
If you are interested in exploring shorting opportunities in BTC, I encourage you to conduct further research and analysis. Keep a close eye on the market trends and seek guidance from trusted sources. Remember to approach your trading decisions with a well-thought-out strategy and risk management plan.
Bitcoin consolidates at short-term support, $30k is the targetBitcoin has a bullish structure on both the daily and the 4-hour chart. The retracement to $27.2k collected liquidity and the bulls have since driven prices to $27.6k.
The H4 bullish breaker block at $27.2k was respected as support so far. Given the daily structure, a consolidation around the FWB:27K region over the weekend before another leg higher was possible. The OBV has inched higher over the past week, showing the bulls had a slight advantage
Entry: $27.4k (another revisit to FWB:27K or lower was possible)
Take-Profit: $29.6k (local resistance on the 1-day chart)
Invalidation: $26.6k (a move below the bullish breaker block)
BTC long3 day order block in this area and seems to be the last line of defence for bulls. 26705 is a demand zone and with a lot of volume traded in the area. Would like to see a strong reaction at this level otherwise I will probably cut my trade short. Evidence of buyers stepping in is what I would like to see but bears have been strong. Lets see how this plays out!