BTCUSDC
BTCUSD - SHORT POSITION - 45 % profit NEW)Dear traders!
In January we published trading idea where we explained that Bitcoin has a chance to pump towards 28k-30k which is yearly resistance:
As the price is doing exactly what we expected, dips are still for buying, we believe that Bitcoin will retest this yearly resistance soon.
Now it's time to plan the SHORT position.
On the chart you can see 2 probable paths for the price.
30k $ is the area where we should see a lot of selling pressure and we believe that it will be a great entry for a swing short position!
Final target for this short position would be the retest of the previous bottom.
In this case we would get a higher low or double bottom which would be bullish for a continuation of the bull market which we believe that has already started!
What do you think?
Do you agree with us?
Leave your comment please :)
Good luck!
There she blows! Bitcoin Bulls continue to shock the doubters!Traders,
The Cup and Handle pattern that I had drawn a few weeks ago and anticipated might play out, is, in fact, doing so. We have our neckline break here. Now, all we need is two or three closes above that neckline on the daily and it's off to $35-39k. But not before a pitstop at 30k at which point I may trade around a bit. You all know where to follow my trades.
Best,
Stew
Analysis of Wyckoff Accumulation Models and Prediction of BTCI have been closely following two models of accumulation: Wyckoff Events and Phases, specifically Accumulation #1 and Accumulation #2.
Accumulation #1: Wyckoff Events and Phases is a model that describes the different stages that a market goes through during an accumulation phase. These stages include the Spring, the Test, the Upthrust, and the Markup. In this model, the Spring is the point at which the market reaches its lowest point, and a potential reversal is on the horizon. The Test is where the market tests the Spring's lows and forms a higher low, indicating that a new uptrend is forming. The Upthrust is where the market rises above the previous high but ultimately fails to sustain this level. Finally, the Markup is where the market rallies and moves higher in a sustained uptrend.
Accumulation #2: Wyckoff Events and Phases is another model that describes the market's behavior during an accumulation phase. This model follows a similar progression to Accumulation #1 but with some key differences. The first difference is that it includes a preliminary support level, which is a level below the Spring where buyers start accumulating the asset. The second difference is that it includes a Last Point of Support, which is the final level of support that holds the market up before the Markup begins.
Currently, I am closely monitoring the market's behavior as it approaches the liquidation zones. Based on my analysis, I am sticking to my plan of events and expect the market to withdraw and drop the target to the area of $15500 - $14000. I will continue to closely watch Bitcoin's price action and adjust my strategy accordingly.
DXY:
Bitcoin:
Bitcoin:
SP500 - 2023
SP500 - 2008
SP500:
In the next few years, it is expected that cryptocurrency regulations and taxes will become more prevalent, which may lead many people to leave centralized exchanges due to account blocks and the inability to prove the source of their funds. Uniswap and DyDx are predicted to be the leading trading platforms in the near future. However, Ethereum may also face tighter regulations, resulting in wallet blocks for USDT, USDC, Ethereum, and other tokens. If such a scenario occurs, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We will need to observe how the situation unfolds.
In addition, high inflation worldwide may cause Bitcoin to reach a price of $250,000 in the next couple of years.
largest 3-day candle in the #BTC chart in over 2 yearslargest 3-day candle in the #BTC chart in over 2 years
While the conditions for being bullish have improved significantly over the weekend/Monday, going long now appears a little rushed
Wait for a pullback or at least some consolidation at this new level seems a better approach
What do you think could happen next?I've been trading BTC since then thru futures and spot trading, it was like they're almost the same price action but it isn't.
For now here's my price prediction which has a lot of possible scenarios for BTC.
Just wait for the next clue before you entry, like now i have seen a bearish divergence on 1hr TF.
Now i have a short position at BTC and other coins but first i calculated the risk and i didn't put SL in some other coins, but still it's up to you. #TAYOR
Hope this enlighten some of you and have some vision on what's coming next. Please let me know your thoughts about this.
Thank you!
50000$ in the moment.Hi.
Many people were surprised by the growth in the pair BTC/USDT, everything was going so beautifully at least to 19-18 thousand down.
Where did this rally come from?
From the panic caused by the situation with USDC, which in turn stems from the situation with Silicon Valley Bank.
Voila!
People wanted to get out of the USDC by any means, at any cost, with losses.
In a moment the price reached $50,000!!!
And that's a huge wick and that's it.
That is, people were exiting bitcoin at a discount of 100%.
Do you think this could mean real momentum?
I'm sure the manipulators are still playing out the situation now, for those who don't get it...
BTC Long or Short?Today's #CryptoWhale100Billion analysis indicates that BTC has broken a lower to target point of $19,750 resistance and has risen to $20,300. Many traders have taken profit, and the crypto market has reacted accordingly. Notable patterns such as the double top and backward W breaking lower low have been observed.
Based on my analysis, BTC resistant area is around $20,000. Furthermore, if BTC manages to hold above the next resistance near $19,500, it could rise back up to $23,500. I am bullish on BTC reaching this level.
The BTC market operates 24/7, which means traders must be vigilant in their analysis and trend-following. Hours of work are required to analyze market movements and trends, and it can be difficult to trust a single idea. However, by backtesting trading strategies and continually monitoring data, it is possible to understand market movements better and identify entry and exit points.
BTC's volatility provides insights into potential bullish or bearish movements, and keeping track of this data can help develop effective trading strategies.
Below are some past predictions from my analysis!
Please feel free to share your technical analysis and trading strategies with me by sending a message. Don't forget to press the thumbs up if you found this analysis helpful, and share your thoughts on where BTC is headed. Thank you for your support!
#BTC Uncertainty today, CPI TomorrowUncertainty today, CPI Tomorrow
A retest of the 21.4 area to see if this movement can be sustained appears to be the best course of action from here.
Many confluences at this level (BB Mid band, daily trendline, strongest 12H candle in 2023 etc)
Stay alert around news.
🧘♂️
FIRST LONG THEN SHORTIn my previous analysis, i stated that i expected a decrease to around $ 18,000.
But there is a possibility of these 2 rising moves before this fall.
First to the orange point which is two different resistance at the same time.
And the second it may retest the rising trend channel it broke down last week.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
BTCUSD is a buy nowBTCUSD is a buy now. The price has been retesting the lower boundary of the channel and now it's ready to continue the uptrend.
We can see that it's a potential higher low which is a sign that the uptrend is still in tack.
As long a 21350$ holds, BTC has a chance to continue the uptrend.
Target: upper boundary of the channel
Daily close below 21350 $ would be an invalidation of the thesis and then we should see more downside.
Good luck
BTC Ascending Channel Hello Traders. Hope you are having a great weekend. As you can see BTC is in an ascending channel and last couple of days, it dipped to the bottom
of the channel. I think price will dip below 22K zone and recover fast as the yellow arrow shows and will go up for the short term to 23K zone. After
that breaking the channel is expected.
What do you think guys?
Comment down below.