BTCUSDT Bearish Divergence on the 4hr BTC had lately a ncie run to the upside. Seeing the bearish divergence think this wil give us some correction and downward pressure.
Hopefully we can stay above the support level at 41,5k, if so it seems a nice buying spot. If not we might see the 38K level and then 36K levels.
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Stay safe
Kind regards
Cryptodjens
Btcusdidea
BTC UPDATE-FEB 2022BTC is in his long channel
there is 2 ways to its TP green or Orange line :)
for traiders its important to look to btc SUPPORT LINES
FOR INVESTORS the long vıew ıs ok to take ın
for low risk: ıf 45000$ support line breakes up successfuly it is time to take in
what do you think?
I think maybe a shadow to lowest price of channel may happen but the tp is still availible :)
be care, think yourself and decide!!!!!!!!
BTCUSDT | Get an impulse to the downside.If you find this technical analysis useful, please like & share our ideas with the community.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BTC ANALYSIS-TREND FOLLOWINGHi
Lines have an important place in our lives, especially in the stock market.
Where the candles spun, broke hard, etc. These are very important. Here I came up with a btc chart based on these.
Traces of the past determine the future. Graphs and lines are important to follow the trend.
Black lines can be followed like channels,
Yellow lines can be seen as shorter term resistance and support lines,
Purple lines should be followed carefully.
Have a nice day.
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Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
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BTC SMALL BULLISH MOVE OR BEARISH?Hello, I am back with an idea on the BTCUSDT chart in the 4h time frame. What it's interesting about this pattern is that it has formed an ascending broadening pattern with a few impulsive waves. You can see clearly all the patterns formed in the chart and the way I have followed it with the small time frames and also 4h and daily.
The ascending broadening pattern is usually a bearish continuation pattern (only a few times indicates a consolidation move) and it is a small correction of the bearish movement. Looking at the weekly chart, I do not like how BTC looks like in that chart, and I think we are experiencing a bullish corrective movement probably topping around 48-50k before we see the bearish trend continuation or maybe a consolidation, dependable in the support and resistance areas. The 4th wave may be finished and we are about to experience the last wave as the 41.5 area was hit and it is forming a bullish flag. But in my opinion, this pattern looks as a bearish continuation and I expect to retest the 30s. However I would not remove the possibility of a corrective market at this moment and preparing for the next move, doing sideways movement for a while. Do not forget to manage every trade with a SL, but a small bullish trend is about to happen and in the mid term, I still see it bearish. We need more volume and also the news make it even more uncertain in which direction. But you can make profits trading in the areas mentioned.
If you have any comment, you are welcome. :)
Comparing 2019 mid cycle correction with 2020-2021 on 3D chartStaring on the charts i noticed similar market structure on 2019-2020 and 2020-2021 mid cycle corrections.
After first market top (marked with number 1) there were strong correction until the moment when RSI formed double bottom on around 34-40 level.
After RSI formed a bottoming pattern there were secondary rally until 70 on RSI. Secondary rally marked with number 2.
I must say that back then in 2019 secondary rally was weaker than Bitcoin had in late 2021.
Secondary rally ended with massive price plunge "corona dump" which brought RSI down to 30 on 13th of march 2020. This time crypto market did not have any critical news that affected price this much BUT anyways for the last 3 month price declined pretty massively, slowly but steady.
Please notice that both times after secondary rally, RSI created lower low on level 30.
I marked with green lines places where i think Bitcoin price is (12.02.22 and 28.03.20)
P.S. Chart is on 3d time frame.
I see almost everyone has turned bearish right now, expecting price to go as low as 20k and 10k. Back then in march 2020 i saw the same thing happened in crypto community.
I believe that we witnessed huge buy opportunity for the next year.
Finger crossed :)
BTCUSD: Bull Trap Pending ⚠️This is my second sell option to join the market. Please look at my related idea below to see my original idea for sells.
If price holds and continues to reject this region, I will consider sells into 20k from here. IF price invalidates this sell idea with won't take a trade and we will simply wait for our first idea below to play out.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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BTCUSD Analysis/Ideas Check this video about the recent breakout on BTCUSD from the channel and the expected retest to the support level .
For a very long time now, BTCUSD has being in a bearish form, precisely in a channel. But from what we are seeing now, the market has broken through the channel and got cleanly rejected at 61.8 fib level. Now, this rejection shows that there will be a retest will likely be on the next support level at 40167.87 which the same level with 200 SMA and 32.8 fib level. This level holds as the major strong support and reversal level.
Follow us to get exclusive/ simplified tutorials, ideas and signals
BTCUSD Analysis/Ideas LongCheck this video about the recent breakout on BTCUSD from the channel and the expected retest to the support level.
For a very long time now, BTCUSD has being in a bearish form, precisely in a channel. But from what we are seeing now, the market has broken through the channel and got cleanly rejected at 61.8 fib level. Now, this rejection shows that there will be a retest will likely be on the next support level at 40167.87 which the same level with 200 SMA and 32.8 fib level. This level holds as the major strong support and reversal level.
Follow us to get exclusive/ simplified tutorials, ideas and signals
Bitcoin through my eyesBitcoin is in a bear market whether you like it or not.
I think it should be decided by May.
Quite possibly the market is just giving us a chance to get out at better prices.
Situation when Whale adresses numbers are declining and retail is buying is not a good sign.
Do what smart money do, not retail.
Bitcoin- 44-45k zone in focusAs I said yesterday, Bitcoin is very probable that has put a higher low on our chart. This is confirmed now, with a higher high and a break above both horizontal and descending trend line resistance.
There is a high probability of continuation to the upside now and bulls can target the 44-45k zone, but Btc can even extend gains to the 50k zone.
Dips towards 40k should be bought.
BTC short?- stochastic RSI shows that there is space for the RSI to move up before a drop, with that move up BTC could tap our POI
- lots of areas of liquidity which needs to be grabbed below the current price
- all TPs are reasonable in my opinion, although with a drop i believe we can go a lot lower than the last TP
Is this BTC rally for real? I don't think the macro environment is crystal clear for the markets. While jobs reports turned out well, noone knows what the rate hikes will do the macros. If the fed screws it up and have to reverse their policies, expect a selloff to 20K, they turn on the printing press and we go to 200K. Otherwise, we can expect a slow grind to 100K from here.
BTCUSD: Feb 3 update & Feb 4th + 5th ProjectionI am an amateur technical analyst. This is not financial advice. You should always do your own research. Consider this post as entertainment. I'm simply sharing what I see in the charts and always welcome collaboration and feedback.
Updating my previous post of Feb 3rd. BTCUSD stayed within the fractal and yesterday went the full depth of the fractal bar. So far, the fractal remains intact as the market continues to work within the pattern of the May '21 fractal.
Based on the fractal pattern, today and tomorrow should be up days. There's a possibility that we reach as high as 41,250, which is the upper trend line above the pattern, and would be slightly above tomorrow's daily bar. After tomorrow, the pattern indicates a gradual decline until Feb 21st. Feb 21st then offers the opportunity for a reversal and potentially the launch pad for ALT season.
Time to short bitcoin before a massive dump- Weakness so clear to break 40k.
- Will visit 33k first or below before any upside move.
- Not able to break EMA 100 after testing on 4hr time frame.
- Downtrend still valid since 69k peak.
- lower highs & higher lows ( 4hr - 1D timeframes)
- Stock market is not good and crypto will follow.
- Fear & greed index went slightly higher since last massive dump to go down again.
- Therefore, ready for a big short.
short:✅ 38.5k - 37.7k ✅
🎯TARGETS:
1- 36,700
2- 35,800
3- 33,000
💵 Leverage: 3x - 5x
🚫Invalidation(SL): 39,480