BTC SELL OFF EXTENDED, 27400Expecting a formation of head and shoulder on btcusd to RR of 1:11 to support previous chat!
Btcusdforecast
BTC: We remain bearish territory?!!Bitcoin
Intraday - We look to Sell a break of 28785 (stop at 29436)
Primary trend remains bearish. A break of bespoke support at 28800, will open an aggressive bearish move. Daily signals are bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27207 and 26807
Resistance: 30000 / 31000 / 32000
Support: 28800 / 27700 / 27000
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BTCUSD The Best Entry You Will GetBTCUSD has aligned nicely with an up parabola plotted
This also nicely aligns nicely with a Fibonacci circle bottom that can be plotted
BTC is ending its downward trend phase
Further evidence for a bottom above
BTC Will Bring it Down!BTCUSD is making its way downtrend as it shows a sign of strength as it breaks the 30740 area of weekly support that has been respected multiple times. However, this bearish strength will want the sellers have the power to pull it more as it breaks the weekly support. A retracement along 23975 will be possible and will wait as it make a decision along that area of support. #tyor #dyor
Is this divergence relevant and BTC will pop?As we all have noticed, recently, BTC is strongly correlated with the stock market, and considering this correlation a true one, one may wonder if the recent divergence is of any relevance?
What I mean by this is that looking at the Nas100 chart above we can see that recently, although Nas has made a new low, this was not followed by BTC.
Considering that I expect the recent breakdown of support for Nas to be a false one and the index to correct higher could this translate into a pop in BTC's price?
More, looking strictly at BTC's chart we can see that after the 25k low, the price is consolidating and is trading in a range between 28500 and 31k
A correction in indices could lead to gains for BtcUsd and this can mean a break above 31k resistance.
In such a case, BTC can accelerate its gains towards 36-37k horizontal resistance.
That being said, I'm bullish BTCUSD at this moment and I will remain so as long as the range's support is intact
BTC - Beautiful Waves - BULL TARGETBitcoin is looking sweet. After finishing the 4th wave the clear skies are ahead of us..
BTCUSD top-down analysis Hello 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.
BTC UPDATE IN 3 HOURS TIME FRAMEWelcome guys to this 3 hours update on BTC. BTC is trying to push towards the upper trendline breaking the 21 MA resistance. But the real challenge is the $30k resistance. BTC must break above this level as we reach close to the weekly closing.
In case BTC breaks below the lower trendline (the support) then things may get into some trouble. So, keep your eyes open and trade safely.
I’ll see you in my next update.
Capitulate to 26k then off to 250kJust a nutty idea, loving how price reacts off this Pitchfork, fun to dream hah.
BTC Update - Next Target @ $25,000The 4 Hour chart is over bought.
Momentum is dying and it looks like BTC will be on its way down soon.
Opening longs here might not be the best idea while inside this bear flag / pennant however you want to look at it.
Small bounce expected once it hits #5.
Entry Between:
$30,791.00 - $29,414.00
Take Profit:
TP 1 - $26,736.10
TP 2 - $25124.80
Stop Loss:
$31,262.00
If you'd like me to analyse any other crypto send me a message or leave a comment 👍🏽
Happy trading!
Not Financial Advise. Do Your Own Research.
BTC showing bullish divergences on dailyBTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach $34k to $36k levels although we are in a bearish trend so they might not work, These divergences will be invalidated if price goes back to $29500 level and validated if we break $31500 so fingers crossed for a relief rally.
Bitcoin: Comparing 2019-2020 correction with 2021-2022 - update2Little idea update.
After RSI formed a huge bottoming pattern on RSI in summer 2021 price retested this trend line in january 2022. This happened as in march 2020, BUT this time we had 2nd retest of a trend line on RSI - this looks bullish for me.
Yes we could see some more volatility before going higher but i will not wait prices below 25k.
I think this is extremely rare opportunity to enter the market OR to add BTC and other cryptos to your portfolio.
This is not financial advice but i will accept this opportunity and hold strong untill new wave of fomo kicks in.
Patience!
Bitcoin- What I would like to see to open a trade (buy or sell)Yesterday I said that BTC doesn't show any power to the upside, but, even if I'm bearish overall, let's be honest, bears are also dead and lack conviction.
So, at this moment, I sit and wait with a clearlettingin my mind:
1. Bullish scenario:
What I would like to see for opening a buy trade is a false break under the range's support (28.500) and a strong reversal back inside the range and above 30k. That for me is an indication that bulls are not letting Bitcoin drop and this is accumulation.
2. For a sell trade:
Would be exactly the opposite, a false break above 31k resistance and a quick drop around support. That for me is a sign that this was distribution.
For the obvious reasons, I will not trade the break in Bitcoin's case at this moment
BTCUSD BTCUSD broke a structure to the downside, expecting a correction towards the supply zone that caused the entire short move
BTC: AT THE SUPPORT RANGEBTC update:
Welcome members, to this BTC update on 3 days chart. BTC has been moving in the same range for the last 7 days. Technically, we are still at the support range and unless BTC breaks down below this, we are in safe hands. If at all BTC bounces back from this range then get ready to see some amazing rallies coming in.
Let us compare all the scenarios together.
1. BTC: BTC is at the support in the 3 days timeframe.
2. USDT.D: The USDT.D is at the overbought range in 3 days chart. It should show some rejection soon.
3. Fear & Greed Index: The market is at the extreme fear of 13. This shows that it is the accumulation phase for BTC.
All this indicates a rally coming soon.
Okay, I might be wrong at this and my probability could go wrong but the risk-reward ratio is a good deal here. Entering the market with a portion of your portfolio with a tight SL could be a good deal here. So, do your thorough research before jumping into any trade.
#BTCUSDT The bottom is in????BTCUSDT
2 Day Chart:- 28.8k is holding so far which also happens to be the most important support level.
The previous candle left a wick and got back into the channel.
I still believe this could be the bottom.
Only losing the $28.8k level would be bad for BTC and we could see another low below the $23k area. But this mpve will break the pattern.
All eyes on weekly close now.
We could see some sideways consolidation for the next few weeks.
What's really important is to hold this green zone for BTC.
This is not a financial advice , these are just my own observations.
So, DYOR before taking any trade decisions based on my charts.
Let me know what you think in the comment section.
Do hit the like button if you like my updates.
Thank you
#PEACE
Stay safe
Bitcoin- No power at allTwo days ago I have written that Bitcoin could correct to the 35k zone, where we can see a clear horizontal resistance on our chart.
However, looking closely at price action in the past 48 hours is pretty clear that buyers have no power at all and a touch of that resistance has become less and less probable.
In my opinion, from a speculator's point of view, at this moment, is safer to sell rallies and expect a new drop and retest of 25k recent low.
#BTC/USDT DAILY UPDATE !!!Hello, members and welcome to this BTC /USDT quick chart analysis.
As I mentioned in my previous chart nothing much to watch on this daily time frame, BTC is still trading near the support label which is $28.7k. and fib Retracement Zone $28.7k and Resistance Label $35k.$40.8k.$47.3k.
This is not a piece of financial advice.
Then, hit the like button and share your chart in the comment section if you like it.
thank you.
BTC forecast - update Market is giving mix signal currently at a very good support zone above 125ma
if it falls we can see a draw down till ~22500 around 200W ma, but anything below 125 ma is massive buy opportunity.
I hope it should hold my 0.236 curve and close above 25500 and expecting to see a move above from June 6th. where first target will be 34500, t2-40000, t3- 45800, if it can hold above 48k for 1 week open-close both, I hope to see a new top by17 oct (& date of reversal).
PS - its just TA, do your own research before investing.
A Comprehensive Guide to Elliott Wave Degrees (Timeframes)Hello Traders. In this supplemental post to my Elliott Wave guide, I will help you understand wave degrees, and what the numbers actually mean when you are labeling each wave.
Identifying the wave level (degree) that you are trading is going to be identified at any given time and will be based on what's known as a "degree".
One of the biggest problems that new Elliott Wave traders have is grasping the structure or "nesting" of the wave patterns (check the diagram within the chart above).
The patterns identified by Elliott himself, occurs across multiple time frames. This means that a completed "five wave" wave structure on a smaller time frame, for example, the 15 minute chart, may represent just the first wave of a larger wave structure unfolding on a 60-minute chart, and so forth. In a micro-macro sense, each of the unfolding wave patterns is just part of a bigger wave pattern unfolding in the higher timeframes. The sequence from wave 1 through 5 completes one wave of a higher degree (again, refer to the diagram above), that is, a wave belonging to the next higher tier of wave sequences. The movements from wave 1 through 5 completes either a wave 1, 3 or 5 of the higher degree, while the a-b-c sequence completes either a wave 2 or 4 of the higher degree.
When you are getting into lower degrees, each wave of the sequence can be broken down into smaller waves accordingly to the same dynamic (this is not so important as many claim to be). The most commonly used degrees are the Primary, Intermediate, and Minor degrees when labeling your micro-macro wave counts. In the diagram above you can see how Wave 1 of the high degree is made up of a smaller 5-wave impulse waves and Wave 2 is made up of smaller three wave corrective waves. And each of these waves is, in turn, always comprised of smaller wave patterns, and so forth.
