BTCUSD SHORT MOVES SELLERS MOVES AFTER BUYERS ARE EXSHAUSTED IN THE MARKET
I believe we all had a wonderful weekend, and as the weekend is almost gone, here are some of my analysis for the bitcoin possible moves for the new month on November
With the help to determining the market speed and trends of the current and next market moves, We use approximately just 4 trend lines to know that,
(1) First of all before the big DIP of bitcoin, we have 3 level - low of 58366.63 were price may drop to as the support before heading up to retest the highest resistance, and also the inner level of liquidity 63613.64 There we will have to wait and see if price and break through and close then retest before continuation DOWN MOVES
(2) Trend movement - Here we have seen that the market is in an up trend but buyers are getting fully exhausted when they get to the next resistance point of price 67619.86, then we may see a big DIP to the down side, we have determined our next speed of price with just 4 trend lines shown in the analysis.
(3) So we have long position and also short position, use good RISK:REWARD management
This are just my own idea of how to execute my trades for the week, not a financial advice on how to go about it!
Btcusdidea
BTC ANALYSIS FOR POSSBILE BUY POSITIONSGood day fans
I believe we all had a wonderful weekend, and as the weekend is almost gone, here are some of my analysis for the bitcoin possible moves for the new month on November
With the help to determining the market speed and trends of the current and next market moves, We use approximately just 4 trend lines to know that.
(1) First of all before the big DIP of bitcoin, we have 3 level - low of 58366.63 were price may drop to as the support before heading up to retest the highest resistance, and also the inner level of liquidity 63613.64 There we will have to wait and see if price and break through and close then retest before continuation upwards.
(2) Trend movement - Here we have seen that the market is in an up trend but buyers are getting fully exhausted when they get to the next resistance point of price 67619.86, then we may see a big DIP to the down side, we have determined our next speed of price with just 4 trend lines shown in the analysis.
(3) So we have long position and also short position, use good RISK:REWARD management
This are just my own idea of how to execute my trades for the week, not a financial advice on how to go about it!
BTC/USDT 4HOUR UPDATE Welcome to this quick BTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart..
BTC/USDT analysis BTC 1day closing $62900 positive signal and BTC 4 hour update is supporting zone is green line and 100ma,21ma is very inportant support and $63000 resistance break after new ATH...
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Bitcoin- New ATH very soonAfter the false break under 60k and a spike down to 56700, Bitcoin has reversed strongly and has broken above the flag's resistance.
At this moment the price is around 62k and we need a clear break above 63k short-term resistance for continuation to the upside.
The last ATH will not hold as resistance very long in my opinion and I expect the price to pass above 70k very soon
Dips should be bought and only BtcUsd under 60k would delay this scenario
BTC/USDT 4HOUR UPDATEWelcome to this quick btc /usdt analysis.
I have tried my best to bring the best possible outcome in this chart.
BTC/USDT analysis is $61000 100 moving average is very important support and first resistance is $63400
And $63400 resistance break after new ATH
Sorry for my English it is not my native languages.
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BTCUSD - and now what?Morning Traders,
As we can see we have at this time downtrend. 0 is the highest high, 2 is lower high.
There is also formation TL4C. If the price breakup TL1 and candlestick will close above it, then we will have buy signal.
There is resistance level 62000.0. Price just passed 50% of the last swing let’s see if will hold high move.
As a support 61000 level should work. TL2 work as support as well, if the price decided to drop then signal will be when candlestick will close bellow TL2.
But be careful, price may return do TL and then go down.
Momentum is moving sideways and is not strong enough to push price higher.
Let’s wait and see what will happen next.
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cheers,
Jim
BTC/USD LONG SETUP TO NEW ALL TIME HIGHBTC /USD bulls remain focused on upside retracement levels and areas of potential technical resistance including the 67146, 68515, 69449, 71974, and 73245 areas. Following the pair’s recent gains, downside retracement levels and areas of potential technical support include the 63784, 61796, 60189, 58581, 56593, 57627, and 56293 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 62569.78 and the 200-bar MA (Hourly) at 62564.27.
Technical Support is expected around 58000/ 56800/ 55500/ 53997.15/ 51245.86/ 49022.22 with Stops expected below.
Technical Resistance is expected around 59500/ 63000/ 65000/ 67146.16/ 68515.32/ 69449. 40 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BTC/USDTBTC make a H&S pattern on 4H and now breakout to downside measure is approximately 10% to red line /support.. but there is also a golden pocket like potencial support also.. and we se now is making potencial bull flag pattern where can be successful because RSI and Stoch are in oversold area.. lets see how 4h close.. cheers
BTC/USDT 4HOUR UPDATE Welcome to this quick BTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Btc/usdt analysis is this tradline is very important and last two time is bounce this tradline and support level $59800
And resistance $62080
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
#BTCUSDT Do no Panic! Just a correction. BTFD!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
BTC broke the resistance level and is currently retesting the important support area around 60k to 62k.
I expect BTC to bounce from here and rally all the way to the 65k level.
BTC is consolidating just above the resistance-turned-support trendline.
So there's nothing to panic about! It's better to hold more BTC at this point than Altcoins and also USDT to trade alts.
The secret is to wait for the right time to enter a trade.
Like yesterday we took many trades like SHIB and made a killing profit!
Entered at .028 and Closed at .047 with 5x leverage!!
I would just like to warn you about Risk Management as always.
Do not overtrade, you'll eventually end up losing money and preserve your funds.
Remember for the next rally we need a confirmation candle close above 65k level!
In a nutshell, BTC is good no issues as of now unless $57k is broken.
I am Holding mostly BTC and scalping on Futures and Spot!
FOLLOW ME IF YOU WANT TO KNOW MY TRADES!
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
BTC/USD LONG SETUP(INVERSE H&S PATTERN)Bitcoin (BTC/USD) awaited fresh market sentiment early in the Asian session as the pair traded as high as the 63126.16 level during the European session after trading as low as the 62183.72 level during the Asian session. Traders lifted BTC/USD as high as the 63726.58 area during yesterday’s North American session, representing a test of the 38.2% retracement of the appreciating range from 58943.83 to 66999, its recent all-time high. Stops were recently elected above the 61287.25 area, representing the 23.6% retracement of the same depreciating range. Additional price retracement levels in the same depreciating range include the 63260, 64143, 65234, and 65399 areas. Traders are paying close attention to technical resistance around the 63750 level, a previous downside price objective related to selling pressure around the 66658 and 66037 levels.
BTC/USD bulls remain focused on upside retracement levels and areas of potential technical resistance including the 67146, 68515, 69449, 71974, and 73245 areas. Following the pair’s recent gains, downside retracement levels and areas of potential technical support include the 63784, 61796, 60189, 58581, 56593, 57627, and 56293 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 62569.78 and the 200-bar MA (Hourly) at 62564.27.
Technical Support is expected around 59500/ 58000/ 56800/ 55500/ 53997.15/ 51245.86/ 49022.22 with Stops expected below.
Technical Resistance is expected around 67146.16/ 68515.32/ 69449.40 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
The basics of SHORT or i'am wrong?Hi Everybody this is my neutral analysis about BTC. Not looking the news and with the eyes only pointing to the graphic the Weekly candle that is not finish yet. And the double top in the W Time frame makes me think that the loss of momentum and the Short orders are going to hit hard the BTC.
But is just my analysis stil last 2 days to close the Weekly candle. So, we will see.
Juest keep the eyes open. Not let the FOMO work in your brain.
Best regards.
All comments and suggestions are well received!
Bitcoin going to grow above 67000$Before that, I wrote about the correction of bitcoin and alts. The correction took place, bitcoin fell to the support line and pushed off from it. I now expect bitcoin to return to the $ 67,000 level and above, as well as the growth of all alts. At least technical indicators tell us about this, and something tells me that we will see a rocket.
Btc retracment to 48k
BTC touched 1 day chanle and break the 60' degree uptrend line.In my opinion If btc go down with 60 degree downtrend , will touch low of chanle line in 31 Oct and 47k and if btc goes with 45 degree downtrend line touch low chanle line in 3 Nov and 49k. After that date, Btc continues with 15 degree uptrend line
BTCUSDT , Opportunity for buying ... :D :DHello everybody
According to the previous analysis , the price exactly supported in our buy zone and went to near our target
At this time we are in upward channel and other time the price is impact to the below trendline of channel and now we can buy and take long position until the targets reach
Previous analysis :
Dont forget use stop loss and attention to money management
Good Luck
Abtin