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
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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 :)
Btcusdforecast
#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
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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.
Fractal BTC recovery - AMZN 2009 recoveryIn 2008/2009 AMZN stock saw one of its biggest crashes. It wiped out 64% of value in about 10 months. BTC saw a similar crash in 2022/2023 wiping out about 75% of its value.
Let's speculate that BTC would see a similar recovery as AMZN. This would mean BTC recovers 276% to about 65k per Bitcoin.
Because AMZN did it after 2008 it's certainly a possibility. Cryptocurrencies are also traded 24/7 so in a year it would have been available to trade much longer as AMZN stock.
Just a speculative idea on what 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 (HIGH PROBABILITY SELL SETUP SOON)Hello traders, hope you all are having a good weekend,
Here's a quick brief news update regarding Bitcoin, cryptocurrencies undisputed KING. Bitcoin tumbles to new 18-month low as crypto sell-off accelerates. The world's largest cryptocurrency fell as much as 7.8% to $20.289, its lowest since December 2020. It has lost around 28% since Friday & more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%.
Here we can see the clear Divergence on the RSI Indicator from the actual price action on the chart, baring in mind we're using H1 time frame for a clearer view of our analysis, hence we can't predict the duration of the market moves,
Keep a close eye on BITCOIN world's no1 cryptocurrency,
Happy PIP hunting traders.
Bitcoin: A potential path back to $25,000 (and beyond). Conditions in Bitcoin have been improving over the past month since bottoming out around $18,000 in late June. After analyzing several factors such as market breadth, multiple time frames, and inter-market correlations, I am looking for Bitcoin to move slightly lower (maybe around $20,000) before ultimately making a move up to re-test the $25,000 area over the intermediate term (4-6 weeks, give or take). However, if Bitcoin breaks the $18,000 lows, the situation would likely deteriorate rapidly - but thats a story for another post. In the meantime, waiting for a bit more of a pullback could offer some nice opportunities with favorable risk/reward ratios for Long side trades.
In the future, I plan go into greater detail about the underlying analysis that lead me here, so if this is something that you'd be interested in seeing, please let me know in the comments.
Thanks for reading, and best of luck out there.
BTCUSD - BULLISH BIASI still have a strong bullish BIAS on the Daily Timeframe. In reference to yesterdays analysis, I wanted to see the market close above the $24269 level then expect a reversal before a final push to the upside $28k. The market has decided to just wick my zone and on the 4Hour timeframe, the market is showing reversal strength which I will talk about in the next analysis update.
I will be looking to take long around $21900 if I see confirmations.
BTCUSDT 12h Bitcoin and altcoins trading plan for the weekendToday we will share our thoughts on the BTCUSDT pair and in general what can happen to altcoins during the weekend.
In the previous days, we were very pleased with the growth of Bitcoin and the growth of altcoins.
Especially the growth of altcoins, because they grew by +30+70% making it possible to record excellent profits.
We openly publish part of our trades here on Tradingview for all subscribers)
So, the weekend is ahead. The ideal scenario, in our opinion, would be a smooth growth of the BTCUSD price to $24700. From this mark, a rather wide consolidation of $22200-24700 can begin, in order to gain strength before further upward movement of the BTC price.
Well with Bitcoin price figured it out.
Considering that USDT dominance is still falling, and the trade volume of the ETHUSDT pair is only 35% less than the total trade volume of BTCUSDT, we can say with confidence that capital is flowing into alts . Therefore, if the BTC price will grow smoothly, then the price of some alts can still shoot up a lot.
But you have to be careful on the weekend , because the correction can take away all the profit given by the market for the previous few days.
And in order not to give profits to the market players, we're personally pushing our stop up in the course of price growth.
Take profits on medium-term longs of altcoins, some of which have not yet worked, are in the range of +10-20% of current prices.
Have a nice and peaceful weekend everyone, do not give away the well-deserved profits to the market players.
And at the next week we will please you with new trades and analyses)
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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 :)
BTC retest resistance zone (Round 2)BTC / USD
Since 6 weeks in row BTC is trading inside the boring range between 18k - 24k
First try to break this range failed as fake breakout which rapidly absorbed by huge sell pressure
Today in Round 2 , BTC Bulls pushed the price up again providing HH and HL. and retesting same resistance
In my opinion,what will happen here will determine next long run for next months
What are the possible scenarios ?
1- Breakout and close above last local high and weekly candle is also closing above 200W EMA
Then we are looking for bullish market towards next major resistance (28k-30k)
2-Strong rejection , failure of HH and HL to continue and weekly close below 200W EMA : then we are looking for new local low
What do you think will happen in ROUND 2
Comment below ⬇️
BITCOIN:: IS THE RECENT RALLY GOOD ENOUGH???Welcome folks to this new update on BTC. I am gonna keep the chart clean and simple for you guys.
Timeframe: 3 Days.
Update: In my previous 4 hours update, I mentioned the drop between $20.1k to $20.7k and the volatility in the market after the FED news. Well, BTC didn't drop up to $20.1k but it drop up to $20.7k which was under the given range.
FED & FOMC News: With the FOMC press release, we saw the market taking a rally which was a surprise for many. After the recent FOMC news, BTC is 10% up ($21150 to $23480).
Current Scenario: In a 3-day TF, BTC is facing a slight resistance at $23150 where we have a 21 MA resistance. If BTC manages to break above this then we can expect BTC to reach the $28.7k to $31.8k, a psychological resistance level.
Conclusion: The entire market is pumped right now which is not natural. It is all because of the FOMC news released yesterday. There's no doubt that BTC can rally higher from the current level but a correction will be a perfect balance.
Key Point:
21 MA : Break out above it will boost the rally.
I'll update more on it in the coming time until then trade safely.
Thank you.