Btcusdforecast
BTC making butterfly harmonic $57,329Price action is developing a harmonic 🦋 Target of this is $57,329. Invalidation of this harmonic will be price going below $38k level or consolidating for a longer period of time. Although it looks we will touch $44k level and pull back but sometimes you cannot anticipate the movement of BTC and it surprises you.
Bitcoin- Still inside a bearish flagIn my last Bitcoin analysis, I draw attention to 40k important support and as we can see, after a short-lived dip under this figure, Bitcoin has rebounded.
However, this rise, in my opinion, should not give high hopes, the overall structure remaining strongly bearish.
I will remain on the sideline for not and wait for more clarification, but my bias for the BTC and the crypto market, in general, remains bearish
BTCUSDT - Long @41600As previously stated in my analysis, we had a pending buy trade @ 41600 which was activated yesterday.
On one hand this is good news, for our long strategy, yet the latest price action are telling me to be more cautious than usual. There is more selling pressure on our path to the upside than support areas on the downside.
Yesterday BTCUSDT faced resistance as it approached the 20 EMA on the daily chart. Once we push through the 20 EMA there is a major distribution area between 42000 & 43000 and at the point there are two scenarios:
1. We touch the 100 EMA and we selloff, continuing the down trend towards 36000.
2. We brake through the 100 EMA and continue the uptrend till around 52000.
I usually do not change my trade setup unless it hits TP or SL. Yet I may add to my position if I recognise favorable conditions.
Current setup:
Buy @ 41600
TP @ 52000
SL @ 40600
Pending:
Short @ 39900
TP @ 36500
SL @ 40500
BTC is ready for a new move !BTC / USD
This is a quick but simple update !
BTC faces 42k resistance
the buyers still hold the price tight above the lower line (by candles closure )
Overall the market is trading in range of this channel since start of 2022 (almost 5 months ! )
WHAT NEXT ?
–As long as the daily candles still close above this line the situation is bullish toward 44k 46k 48k ++
–If daily candle closed below it expect the price to hit 37k
What do you think ? share in comments section below
#BTCUSDT broke above $40.8k, Next move?...The previous idea still on track.
New lower low below $39.2k ✅
Bullish divergence in HTF and LTF ✅
Retest in LTF :- ❎ (This is why we can expect a little pullback in LTF around the mid $40ks )
So eventually the chart remains the same.
BTC is likely to hit the $43.5k+ level.
The little pullbacks will merely be some good buying opportunity.
So, keep an eye on it.
Let me know what you think.
If my charts help you in any way, do hit the like button and follow me for more high quality exclusive contents for free.
Thank you
#PEACE
BTCUSD | New perspectiveSince my last publication on this pair, we witnessed over 7,000pips move (see link below for reference purposes) and the price is right back at where we were a couple of months ago.
With a significant bullish trendline identified on the daily timeframe; we might want to be looking at a bullish expectation in the next couple of days as long the price does not break below this line. In this video, I explained why I think we should be anticipating a bullish momentum. I shall bring up updates as price action is been monitored in the next couple of days... Stay tuned in!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
#Bitcoin Pumping Exactly Like Predicated!#Bitcoin Pumping Exactly Like Predicated!
#BITCOIN BULLISH BREAKOUT! 🔥👇
#BITCOIN we’re breaking our bullish pennant 😎 we could also see an bullflag, whatever th hey are both bullish pattern 🚀
#BTC PRICE TARGET: $42,7K
Bitcoin (BTC) Price Bullish Divergence on the 4-hour Timeframe!
BTC Update Bearish shark $44,747 targetPrice action is developing a bearish :shark pattern which completes at $44,747 level. I think we are going to have a short-term bullish movement and afterwards we are dumping back to sub 38k levels. Obviously this can be invalidated if price reclaims $47k level afterwards which seems highly unlikely. This chart is self-explanatory if you want to take a short position.
#bitcoin #btc update [H4] When trying to enter Indy oscillator ❤#bitcoin #btc update When trying to enter Indy oscillator,
divergence has occurred, but for Pattern,
wait for big reversal confirmation. When the price breaks through the resistance,
it's better. Let's help each other out.
tamjaitrader ❤️❤️
BTCUSDT Two trades while bitcoin price is in the consolidationOn the graph BTCUSD we all see the channel of price movement with a scope of 40% from border to border.
The price is stuck in the side and the fate of the further trend of the price movement for the months is being decided.
And while the market share is decided by the "big uncles", let me offer you two modest trades within a broad consolidation:
1. Short-term trade on the current retest of the local bases for strength and without updating the minimum
Entrance to Long $39400-39700
Stop - $38224
TP - $43974
2. Medium-term trade , entry into the position when and if the feet of longs that were gaining above the proposed procurement area will be triggered on the strait.
Entrance to Long $37100-37700
Stop - $34319
TP - $49900
And then everyone makes a decision for themselves:
- Participate in one or two trades
- what part of the deposit to allocate for the proposed trades
- or you can just watch from the side, and then either bite yourself on the elbows, missed trades with a cool profit/loss ratio or write: "And I said that will not happen" :)
_______________________________
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 DAILY UPDATE 6H death cross SOONPrice action is moving below mid-range of a descending channel making lower high's and lower low's. So likely we will see retest of lower boundary of the channel which is $38,000.
So far btc is holding ascending trend line resistance but this will likely break down as soon as death cross occurs.
On-chain data is giving bullish signs but S&P500 being bearish and Dollar being bullish is whats making the entire crypto bearish.
Kindly like, share and comment.
Our premium discord
discord.gg
#Bitcoin Bulls Fighting For A Reversal!#BITCOIN BULL FLAG!
BTC just had a swift V-shaped recovery, breaking above the pennant's apex.
Bullish confirmation: 1D Close 41.6k
#BTC $BTC
#BITCOIN HISTORIC SIGNAL! 🔥
#BITCOIN BULL FLAG!
Whenever Bitcoin fakes out to the lower side of the uptrend, we tend to start major market rallies.
Wouldn't be surprised to see the exact same play out for #Bitcoin once again! 🚀
BTC update (Bullish divergence on 4h/6h)We have regular bullish divergence on 4H and 6H on RSI as well as MOM oscillator
Furthermore if we look at 8H chart we have same divergences being made but confirmation will be done on candle closure.
So if these play out then likely we will see price to make an attempt at $40500 resistance.
We are in a bearish trend so all of these small pumps will be short-lived as they are bull trap.
BTC LONGBTC showing bullish momentum on LTF , early London session we seen the manipulation occur with the run on stops and into Newyork price rallied and broke market structure giving us our first to steps of our trade plan.
1- Run on liquidity (EQL)
2- Break in market structure to the upside
3- Retest of the order block that caused the BMS (PRICE NEEDS TO HOLD THE OB AND SEE STRONG REJECTION)
Looking for BTC to hold Monday's low and make a higher low within today range , ive placed the fib for reference to price any bullish PA again on LTF we can go long.
Order block at 50% $40040 is option 1 but have you stop below the low 39k
Option 2 we wait for a retest $39280 (The order block that caused the initial BMS) and the swing low formed Newyork session.