BTCUSD H1Here is my view for BTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Btcusdforecast
Ipdate #BTC nearly dropped to the support zone around $20,100#BTC nearly dropped to the support zone around $20,100. Now, it's a decision time, if price break this support then a dump will continue till $18,700 and below. Moreover, price will build-up a range which will continue moving between $20,100 - $21,400 levels.
BITCOIN Local Range SimplifiedEvening Traders, Investors & Gamblers 😃
Bitcoin Current Range Simplified:
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Note: A 4h candle close above/below each line or outside of the range, would indicate further movement into that direction.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
BITCOIN UPDATE: A DROP EXPECTED!!!Hello traders, here's a simple yet important update on BTC.
Timeframe: 3 Days.
Update: BTC has been trying its best to maintain the $20k level and it is still holding it. After the quick drop towards the $17k, I expected BTC to rally close to the $27k level but the recent drop formed a different scenario. Looks like BTC is not done yet and it might still drop further down. As we all know that the $17k range is showing major support for BTC and if at all BTC breaks below the $20k level then $17k is the only support to hold.
According to all the F.A and T.A, I am expecting a further drop in BTC holding the $17k support and then a bounce back towards the $27k by the end of the 3rd quarter. The only invalidation point will be the $17k support level.
Conclusion: This market is full of surprises so do not trade blindly. It is not a bull run, my friend where you pick any coin and it gives you 30x to 50x. This is a bear market where everything burns.
If you agree with this idea then show some support through likes and comments. Any suggestions or corrections are welcome as well.
Thank you.
BTCUSDT: Elliott Waves Intraday TradingThe price moved into the zone of alternative scenarios that I published earlier, but removed it from the previous publication, marking only the key level for changing the local trend.
After the price reached 20,900 (past overturn level) my stop orders were triggered to change long positions to short positions. I closed all short sales today with a small profit.
I always have a plan for the future, both for sales and for purchases, which take into account possible risks.
Briefly about the price and plans at today:
- I still have a basic scenario for the continuation of the price growth and, in general, its nature reflects the possible overcoming of the level of 60,000 by the price in the medium-term time range;
- The alternative scenario speaks of the development of a price correction, which can be different both in terms of structure and price range. I indicated the simplest option. Alternative options will be added as the situation develops.
Selling weakened, trading volume is reduced and the structure of the market indicates a possible start of an upward movement. I do not expect strong sales from current levels, and at the price levels 19600-19100 I will consider long.
Plan your trading carefully and you will almost always win!
Good luck, friends!
Sincerely,
CEO Tornado Capital
#BTC now dumping after the fakeout and the next support zone is#BTC now dumping after the fakeout and the next support zone is at $20,107. Market is right now pretty much ranging, so we may see some sort of consolidation. Now, $21,400 will stand as resistance.
All shorts going to call margin till tomorrow hahahahaThe biggest bull crypto market started open your buy positions right now before fomo buying !
BTC bear flag breakdown target $7075We have discovered that a bear flag was made and it broke down, Technical target of that pattern is $7075. I am NOT saying this is going to be a hit for sure but just sharing this analysis which we recently discovered. We might see a retest towards $21500 and then break down.
Another confluence is rising wedge on 4H, Technical target of that is $18,474.
We are poised that macro environment is not favorable for bulls in anyway as the structure of the market is making lower highs which MOSTLY leads to lower lows. Lets wait for monthly closure to analyze further price action.
Shorting BTC againOur last trade failed because of a spike, most bears must be flushed now.
trade plan is same, low risk, high reward lets goooooooo
BTC support here is strong make a good Long with good R/RBTC support here is strong make a good Long with good R/R
BTCUSDT: Elliott Waves Intraday TradingThe bearish dynamics did not live up to the expectations of many traders.
For the time being, I have abandoned the alternative plan, which involved reversing from long positions to short positions.
In addition, due to the weak strength of both bulls and bears, and also taking into account the price movement of other coins, I added another trading plan (bullish), which involves a longer accumulation of long positions.
During the work day, the critical level is at 20900. If under some circumstances this level is broken, I will reconsider my trading plans.
Friends, I wish you a good day!
Sincerely,
CEO Tornado Capital
BTCUSDT sellI think, that order block can revers the price and we should wait for the sell trigger in that. the final tp is 19100 now
#BTC update The trend is in the middle as BTC 23500 is not brokBitcoin gives a fakeout above the resistance level to hunt stop loss and liquidate high leverage positions. BTC is now trading below the resistance level which is not a good sign. Today global markets opening will decide the next move for BTC. The support and resistance levels remain the same.
#BTC update The trend is in the middle as BTC 23500 is not brokBitcoin gives a fakeout above the resistance level to hunt stop loss and liquidate high leverage positions. BTC is now trading below the resistance level which is not a good sign. Today global markets opening will decide the next move for BTC. The support and resistance levels remain the same.
BTCUSDT: Elliott Waves Intraday TradingThe price continues to move within my trading plan.
At the moment, there has been some shift in wave levels, which indicates the presence of an additional opportunity to open long positions.
I am still actively buying, but I also continue to consider an alternative scenario with a sharp decline.
The short-term trend reversal level is now at 20600-20600: in case the price breaks it in the current correction, I will reverse my long positions into short.
Market dynamics indicate a temporary limitation of bullish sentiment, and wave patterns indicate another cycle of urgent price corrections for many coins.
Best Regards,
CEO Tornado Capital
BTCUSD Short - Rising Wedge Short sweet and simple, classic textbook rising wedge on BTCUSD also meeting area of recent supply/resistance.
Enter 21582.72
Take profit: 19853.63 at swing low and approx size of opening of wedge:
Stop Loss: 21838.51 Set above supply zone
R/R 1:6
BTCUSDT: Elliott Waves Intraday TradingHey all!
The price of #bitcoin is moving within my past trading plan.
I am long, but I am still considering an alternative downside scenario.
What are my plans?
- the base price dictates to consider purchases after any local price correction. And I will be increase the volume of long positions in case the price down to the range of 20800-20400.
- the alternative scenario tells me to follow the price reaction within the framework of the base scenario, and in case of an unsuccessful correction on a set of long positions, I will reverse long positions into short positions.
In general, as in the past, there is always a way out of any situation - the main thing is to have a good trading plan.
Sincerely,
CEO Tornado Capital
BITCOIN: INVERSE HEAD & SHOULDER.Hello traders, welcome to my new BTC update.
Timeframe: 4 hours.
Description: Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
Update: BTC has currently formed an inverse H&S pattern in a lower timeframe. Technically, an inverse H&S pattern is a bullish pattern and if BTC manages to break through this pattern then we can expect a higher rally on BTC. A rejection below this trendline will invalidate the inverse H&S pattern.
Trade Setup: Buying at breakout and retest will be a better option if you guys are trying to enter into BTC. Best entry levels will be between $20.8k to $21k. Targets will be $22.6k to $24.3k and Stop Loss at $19.5k.
Note: Do not FOMO, buy only at confirmation.
Let me know what's your idea on BTC in the comments.
Thank you.
Bitcoin may be heading lower....BTCUSD has traded into supply, and rejecting.
May be heading lower for the weekend.
BITCOIN BEAR CYCLE ROAD MAPBitcoin tested the phycological level of 20k and has found a temporary support floor.
There is now billions of realised losses in the crypto space as everyone who was greedy and didn't scale out their profits. The markets is now being led by emotions and the whales are about to play on them big time. I see Bitcoin having a short-mid term retracement in the coming weeks and hopefully a decent retracement further up where we will see a new lower high in the markets. If you think this drop was bad wait until you see sub 10k again in bitcoin.
If bitcoin had grown organically in it's bull run instead of going vertical this drop wouldn't have been as bad but this drop is just a taster of what's in store. The people who disagree with this post will likely be the ones who said 250k next, 20k never again! YOU MUST get real now an accept the markets moves. You should be your most bullish in a bear cycle.
As whales toy with your emotions they will drive prices back up where everyone will emerge from the darkness and say 20k never again and this is the true run only just for you all to be dumped on again. Take this drop as a lesson, I have bought low value crypto currencies which should get a nice influence from the BTC pullback and one the lower high is locked in I will be shorting bitcoin all the way down.
I plan to take my members on a crypto journey like no other when the time is right and I have openly displayed my buy orders of XRP at 0.14-0.24 and then selling them all at $1.60 for BIG returns so don't come in the post thinking we are clueless.
My predictions stand at this;
BTC 16K / 12K / 7.5K
ETH $200-160
XRP 0.14 - 0.006
BTC: Looks like a Head and Shoulders?!1Bitcoin
Intraday - We look to Buy at 20022 (stop at 19388)
We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. 20080 has been pivotal. 19744 has been pivotal. Trading close to the psychological 20000 level. Bespoke support is located at 20000. We look to buy dips.
Our profit targets will be 21688 and 22088
Resistance: 21700 / 23000 / 24000
Support: 21000 / 20000 / 19000
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We are in the WAY !! DONT BE AFRAIDthe long time trend is bullish and this correction is necessary
just be patient and wait for the next bullish trend
good days come as soon as you think, wait ;)
