BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Btcusdforecast
BTC/USDT - 12.08.22 UpdateHello Traders!
The price of BTC continues to move within the ascending channel. After a minor correction, the movement continued, and liquidity to buy was removed by updating the maximum of the previous month at $24676.
Based on the daily timeframe structure, the formation of a resistance zone in the $24200-26500 is noticeable. Also, the liquidity for sale is formed, which with significant probability will be removed. We may consider opening a long position after the withdrawal of trend liquidity and a test of the support level of $19,000.
In that case, we can open a trade with good profit potential and with a reasoned stop loss:
Buy: in the range of $18600-$19100.
Stop-loss : $17600
Take profit: $22800 and $24200
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BTC 2022 $ projection bitcoin still holding inside our ascending bullish channel , if kept holding above the 22400$+ support, we will see price going to test the most important level for this year around d the 29k$+, cause if we broke it and hold above the 30k$, we enter a bull run for cryptocurrency .
on the other hand if we broke our ascending channel and close below the 20k$ this time , we going to see huge sell of this time till above the 13k$.
BTC: Channel red alert?Bitcoin
Intraday - We look to Sell at 25588 (stop at 26101)
Trading within a Corrective Channel formation. Daily signals are mildly bearish. Preferred trade is to sell into rallies. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Reverse trend line resistance comes in at 25600.
Our profit targets will be 24222 and 23822
Resistance: 25000 / 25500 / 26000
Support: 24500 / 24000 / 23500
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BTCUSDT 4h Local trading plan BTC for several daysToday we will analyze the local situation on the BTCUSDT chart
In general, the BTCUSD price is moving within the framework of our global idea, which we published 2 weeks ago and which is working perfectly:
Our BTC price target for the coming days is in the range of $25500-26000
Also, before reaching the goal of $26,000 per Bitcoin, a small price correction in the area of $23850-23900 is possible
Usually, in the cryptocurrency market, when the BTCUSDT price is the first to rise rapidly, alts first cautiously observe the behavior of the "father of cryptocurrencies". But when the BTCUSDT price after growth passes into a small and short-term sidestep, then altcoins begin to catch up with the price gap by BTC
Therefore, browse altcoins and look for growth patterns.
You can share your Alts charts with arguments for growth here, we will search for the truth and make money together)
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BTC Try to Breakout BTC / USDT
This is how i see BTC right now
New flat resistance is formed after the recent 3 rejections from 24k and ascending triangle pattern is detected
Overall ,this is the 5th time BTC is touching 24k resistance ,So there is a high chance of success this time Or the next one(Resistance becomes weaker over times)
What targets if BTC made a breakout?
This first local resistance is 26k followed by 28k and finally 31-32k (final target of ascending triangle pattern )
Will BTC Breakout this time ?
Tell me in comment section below ⬇️
BITCOIN: HOLDING THE SUPPORT LINE.Welcome folks to this BTC update. I am using shorter TF for this chart analysis.
Timeframe: 6 hours.
Recap : According to our previous update, BTC is still maintaining the 21 MA support level in 3 days timeframe.
Update: In this 6-hour TF, BTC is holding good support at $22.6k. You can clearly see that this is the exact support line from where BTC has bounced back twice already. If BTC manages to break above the 21 MA then we can expect a rally up to $25.5k.
Bearish Rising Wedge: BTC is under a bearish rising wedge formation which isn't good. If BTC breaks down below this support line then things may turn out bad for the market.
Conclusion: It's better to wait for a confirmation call.
I hope this update was helpful.
Trade safely.
Expecting a decent dip for Bitcoin!I am pleased to show you guys another one of my fantastic trading predictions, in this prediction I am expecting a dump down to 22-21k$.
After there we may dump much more, or we may bounce up and start a rally upwards!
I will post an update once we approach 21-22k$ or if the charts show me that we will go up!
This is a swing trade, keep low leverage and put your SL at 24,7k$ or preferably, a tiny bit over 25k$!
BTC short !Shorting BTC from nice supplyzone whcih has liquidity inducement and thats why its high probable to work. Nonetheless I expect BTC to aim higher towards upper 20k possibly this month. I'm targetting demand zones as you can see on chart and looking for buys there cause overally on 4h and daily we are still "bullish" and didnt reach any significant higher time-frame zones for shorts.
I will keep you guys updated for possible longs in next coming days.
Feel free to drop comments and any questions, Enjoy and good luck with trading ! :))
BTC/USDT : Where are we heading to?BINANCE:BTCUSDT BINANCE:BTCUSDTPERP BITSTAMP:BTCUSD COINBASE:BTCUSD
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
So, Here's the pump after the CPI announcement.
US CPI:
8.5% YoY, 0.0% MoM
Forecasted: 8.7% YoY, 0.2% MoM
CPI Core:
5.9 % YoY, 0.3% MoM
Forecasted: 6.1% YoY, 0.5% MoM
Now there're two major scenarios ahead of us and always remember, After the trigger; They might get changes as time goes on...
- There's a possible deviation above Monday's High and we can look for Shorts, If $BTC gets the closings below $23250 or $22400.
Targets are $22575 - $22100 - $21460 - $20550.
🔴 Invalidation should be a claim above $24200.
- Otherwise, If we get the closings above $24900, Then it'll confirm that there's no more chance of deviation, and it'll roll into the bullish bias again.
So, Our entry will be a proper retest on $24900, With targets of $25800 - $26700 - $28250.
🔴 Invalidation should be a break below $23700.
Bitcoin will TOP this year(2021).My thoughts on the current situation.
Bitcoin and the relationship between the bullmarket TOP and HALVING.
In the two previous cycles, the TOP of the entire growth cycle was exactly 820-850 days before the next HALVING.
Taking this into account, theoretically, we should reach TOP in December this year, and then go into
a downward trend and consolidations for the coming years.
It is worth noting that in the previous cycles, after reaching the peak(about 820-830 days before HALVING),
the distribution in the Descending Triangle formation began. In my opinion, it is likely that due to the global crisis,
the top of the current cycle was achieved much faster (64k in March) and currently we are already in distribution phase.
Bitcoin on H12 - when is it going up?If you look at the H12 chart, then you will see that a channel of blue lines is emerging. The price movement may well follow the pattern of Wolfe waves. Thus, the fourth wave will start somewhere at the level of 20,000 - 20,400 USD. (POC for horizontal volumes is around 20,300 USD). Also, the Stoch RSI is currently supporting the price decline.
Take into consideration the fact that point X on the red line (local minimum) occured as a result of a sharp fall from the local maximum of 32,400 USD. The angle of point X relative to the 32.400 USD point is too narrow. This factor offers supports to the formation of point 6 according to Wolfe waves.
In general, Bitcoin is at an accumulation stage, where the flat may last another 2-3 weeks. Therefore, the price rise to 28,000-30,000 USD may well not take place until point 6 is formed. However, it is worth tracking the price movement on 4H, 8H, 1D. Afterall, this is a market! Everything is possible!
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BTCUSD another drop ahead?BTCUSD(Daily) is in long term drown trend except for last month some expected retracement to the upside. As the price currently testing the previous support as resistance, it is a high probability that the price continues to drop as the bears are very stronger than the bulls.
If you enjoy this idea, do not hesitate to press the like button :)
Time to Re-Long! In my previous analysis I expected bitcoin to rise from the 22.8k$ area, but it seems like btc decided to fall down a bit lower.
Bitcoin is still very bullish to me, and I am still expecting the same uptrend I did in the previous analysis!
Keep your stop loss at around $22,000-$22,250! Do not put Stop loss above that just in case of a shakeout !