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$!
Btcusdforecast
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 !
BTCUSDT 6h Long medium-term BTC trade to $28974Today we bring to your attention Medium-term trade for the BTCUSDT trading pair within the framework of our previous idea.
Everything happened as we imagined, expected and wrote in previous Bitcoin idea.
There was another upward impulse BTCUSD price to $24700 and from there a downward correction began, which continues 5 days.
Now signals have begun to appear for the emergence of a new growth impulse, so we offer to your attention a medium-term BTC trade on the following terms:
Entrance $23011
Stop $20994
Take profit $28974
Profit/loss ratio is 3/1
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
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 :)
#Bitcoin Potential Rally to $32k by November 7th!!BTC Exclusive chart: This is an amazing development in Bitcoin's price action.
If you are reading this congratulations, you made it this far, you are gonna make it all the way to the next BULL RUN too!
The one with patience will be awarded eventually.
WHEN RICHES COME, IT COMES IN SUCH ABUNDANCE THAT ONE THINKS ABOUT WHERE THEY HAVE BEEN HIDING DURING THOSE LEAN YEARS!! Believe me, it’s true! You'll feel this when the right time comes.
Many people lost. A lot of their lifetime savings, it;’s time you prepare NOT TO repeat the same mistakes in the coming years.
This is why rather than just gambling on futures, look at the long picture, and zoom out a bit. Good things take time.
So the message is not to make mistakes and choose the right step to ensure your sustainability till BTC covers the next bull run.
Now let's get back to Bitcoin.
Apart from all of the previous FUDs, Bitcoin managed to close above the most important area $20k.
Multiple indicators are showing signs of reversal.
For example,
1. RSI: The RSI has been this low only during the covid crash in March 2020 and capitulation in Dec 2018.
Apart from that, no one thought about $17k tbh, even I didn’t expect a low below $20k and a break below 200 Weekly
SMA. most people didn't, exactly the reason why it happened.
2. MACD:- is due for a bullish crossover.
3. NVT (Network Value to Transaction):- One of the best Bottom indicators which work in Higher time frames like weekly and monthly is also pointing towards the same.
(Please observe the chart)
All these indications and fractals (observe the chart)are reaching a point where we can expect BTC to hit at least $28k to $32k by the end of the first week of November to hit the 50 Weekly Moving Average.
WARNING (FINAL SHAKEOUT):- See, logically everyone will turn bullish in a week or two and that is when you’ll see a double-digit negative rally in BTC all the way down to the $20.6k level.
This will be the final shakeout before we shoot all the way to $28k.
If this event occurs, since it’s all speculation based on charts, Price Action, and Logic, I believe that will be the best opportunity to buy BTC around the $20k level.
CONFIRMATION:- We had 6 consecutive weekly closes below the 200 WMA, so for this breakout to be legit we need a couple of candles holding the same level. If the current weekly candle which closes in 5 Days and 14 hours, holds the level, The uptrend will be confirmed.
All of the above points have been observed from the charts added with my personal opinion. This is not financial advice and will never be. Please do your own research before you take any trade.
Let me know what you think!
Your views are very important and I learn from them.
I appreciate everyone reading this work, Please HIT the like button it helps!
Thank you and God bless you
#PEACE
BTC Technical,Some possible scenario's. What do you guys think? Some possible scenario's.
If support (white line) break, i think btc will test previous lows again. 19-20k
For now we are stuck in this rising channel. Rising channel is bearish but i do think we will first get a rally to 28-30K before we test previous lows (20-22k)
BTC: Sell Rallies!Bitcoin
Intraday - We look to Sell at 24098 (stop at 24611)
Trading within a Corrective Channel formation. A Doji style candle has been posted from the high. Bearish divergence is expected to cap gains. We look for a temporary move higher. Trend line support is located at 21300. A lower correction is expected.
Our profit targets will be 22802 and 22202
Resistance: 23500 / 24000 / 24600
Support: 23000 / 22000 / 21500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTCUSD Aug 2022 W.1: Medium-term trend!Hi friends, I hope y'all had a fantastic weekend ;)
Today, we're looking at a possible bullish trend that's derived from the monthly time frame. On that time frame, the price closed with a bullish reversal candle pattern in the double tops accumulation phase after previously bearish breaking and not retesting the patterns neckline together with the ascending trend line, 50 m.a and bearish crossed short-term m.a's. Usually, when the price has broke and not retested key levels and closes with a reversal candle pattern that faces the targets, it counter-trends to them before it continues the overall trend. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and entirely dis-confirming them.
Bulls: -If the price bearish bounced off the Mini Daily Half a Bat Neckline, 50 m.a and bullish crossed short-term m.a's with a bullish reversal candle pattern close (1st trade signal) that guides the price to bullish break and retest the 1st Daily Key Lvl (2nd trade signal), that will confirm our trades and the price will be rallying for the huge triple bottoms 3-level trend that will probably end on the last take profit point. I call these trades a "Triple Bottom A-E.3 signal".
Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the Mini Weekly Neckline together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trades, so we'll sit back and wait for another trade signal.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1.