BTC like a roller coaster rideBTC like a roller coaster ride, plan for summer and next year 2024
based on my own strategy, which can be 99% wrong, I have such a trading plan for BTC. We'll see how it goes or not. Anyway, BTC has a great future and don't believe that crypto is dead.
Enjoy your summer by the water and don't forget to buy some BTC for later.
I will gradually send some updates depending on how it goes, whether it is completely different, etc...
Trade safely, always SL wisely. There is no miracle molecule to do it best.
BTCUSDC
Bitcoin Completed Its Inverse Head and Shoulders - What's Next?Bitcoin had a massive rebound (almost 50%) following the failures of Silvergate, Signature, and Silicon Valley Bank. It's hard to believe given the lack of financial stability of some banks and the uncertainty in the markets that BTC would have such a big jump within a week, but technically speaking this move is very bullish. Considering this, I could see BTC doing one of two things. 1) Mega Bull Scenario - BTC flags up here and rockets to higher highs it hasn't seen for some time 2) BTC revisits the neckline around $25k before moving upward. I personally prefer scenario 2 because I don't like seeing over-extended runs that result in extremely fast moves to the downside. Plus, it's healthier for the sustainability of the bull run to have small corrections after each strong move. I think the neckline is an ideal place to reload and prepare for the next leg up.
DISCLAIMER: There is a lot of uncertainty in the markets at the moment. With a potential financial crisis brewing in the financial sector, the bullishness of this run could turn bearish very quickly. Have a plan in place just in case.
Big Resistance Here into the Fed Rate Decision! Careful.Guys,
I have unloaded most of my BTC at this point with 40% profit. I’ve chosen not to get greedy and test fate. We are in clear resistance. We are overbought on the RSI. We have the Fed decision in less than 30 minutes. AND I do expect a retest of our neckline.
Best,
Stew
BTC Analyses ✔Hello dear Traders. I hope you are having a fantastic day. BTC broke a major resistance at 25K and now is trading above it. In 4H timeframe
BTC has formed a negative divergence on RSI so any pullback to 25K zone is natural and ok for BTC. It should hold 25K area if it doesn`t then 21K
is the next zone. Stay safe.
Comment down below your ideas.
BTCUSD BULLISH OR BEARISH??FxShzd team is here with another trade idea for the Bitcoin market. Our analysis suggests that there are currently two scenarios that traders should be watching.
In the bullish scenario, we have observed a bullish market structure (BMS) forming just above a higher high on the chart. Therefore, we recommend waiting for the price to reach a demand zone on the 1-hour timeframe, while keeping a close eye on the 5-minute chart. Once the price reaches the demand zone, we recommend waiting for either the QM pattern or CHoCH (Chaos Cloud) to form before entering the trade. A good entry point with a favorable risk-to-reward (R:R) ratio would be ideal, with the first target profit (TP) set at a higher high level.
In the bearish scenario, we suggest waiting for the price to break through the lower low level. Once the lower low is confirmed, wait for the price to reach a higher supply zone and find a good confirmational entry to sell, remember this move belongs to 15M therefore check it with the corresponding TF.
It is important to remember to always respect risk management when entering trades. We are happy to answer any questions in the comments section. Happy trading
BITCOIN BREAKOUT ⚡Bitcoin breakout above $25k is a long waiting move, OI is rising and bears seem to turn bullish. Also, no spike in Bitcoin balance on exchanges yet.
No stop until next resistance at 29k-30k zone, especially if FED goes 25BPS instead of 50BPS for the interest rate.
I will keep updating bitcoin price movement here, make sure you follow me to get alerts!