BTCUSDT Buy Setup!BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $18878
Buy level: Above $18800
Stop loss: Below $16100
TP1: $20500
TP2: $22800
TP3: $25000
TP4: $35000
Max Leverage 2x
Always keep Stop loss
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Btcusdlong
BITCOIN - BTCUSD - BUYFollowing bitcoin support and resistance lines.
Entry:
$24,100 - $24,400
Take Profit 1:
$26,000
Take Profit 2:
$27,000
Stop Loss:
$22,500
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BTC/USDTBitcoin should have gone down because it had a divergence in rsi and had filled sell orders at 25k and also encountered heavy resistance.
On the other hand, it was very good that the cme chat was also filled.
If he can close today's close candle above the ma 100 curve, he can hope for a rise in the short term, otherwise he can go down to the purple box that I specified.
At the moment, a full 5-wave Elliott pattern has also been observed, but the length of the 5th wave can change.
BITCOIN: With the DXY Threatening to Spike, BTC Might Fall a BitI'm watching the DXY carefully. It is long overdue for bounce since peaking in September. With the DXY threatening to spike and Bitcoin jumping 66% from the $15k lows to a key resistance level at $25k, it wouldn't surprise me to watch the DXY to run for a bit while Bitcoin retraces. Naturally it makes sense if the dollar index becomes stronger that every thing measured in dollars becomes weaker. We have a possible completed 5wave pattern. If BTC were to correct from here, we could have an inverse head and shoulders setup. With things so bullish, I would be looking for a shallow right shoulder. However given the bullish sentiment around BTC and the crypto over the past 6 weeks, I would not be surprised to see a wick down to the .618 as big money tries to flush out the over-leveraged longs. BTC has fallen $500 since I started writing so we may have already begun. Be patient and don't get greedy. I'll be using the DXY and BTC/Dow price action as my barometers.
#Bitcoin - thoughts out loud #1.Good afternoon, dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
In the New Year, we see positive dynamics, but this is not enough to index this movement as "successful". Therefore, in order to update local highs, we have to go even lower to gain positions at more favorable prices for ourselves (price range 15555-16666). Scenarios of possible development of the situation №1,№2 are relevant, but the market will settle everything by itself.
If we consider the picture on the smaller time frames for a more detailed assessment of the market strength.
Dear colleagues, on the 4H time frame, we see how the price was artificially held by professional operators. Pay attention to the first two processes (marked with a circle), we have a great volume, a great result in relation to each other, but the progress does not suit us, okay, we can ignore the progress.
We go further and on the 3rd process there is a sign of local force on increased volumes, everything suits us perfectly. And the fourth, extreme situation (blue rectangle) highlighted bars and volumes, the question is why we observe an abnormal volume on the narrowing spread?
My assessment of this situation is "WEAKNESS" but on the news background we can observe a false breakout of the highs and further depreciation of the instrument.
Thank you all for your attention, I wish you success, and remember:
Sometimes you win/sometimes you learn.
"Cuban" Missile Crisis 2022The Ukraine crisis and threats with nuclear war, I see as we are getting closer to the bottom.
There are many similarities with Cuban missile crisis in October 1962, month when market bottomed out.
To start accelerated run for BTC from that 20k accumulative range , funding rate should be way more high in negative(more shorts opened then longs), so V shape down to 16k-GOLDEN POCKET, is the way I see to become bullish again.
Dump to 16-17k range and third touch of bullish divergence on RSI
BTC and the key level of 25,200. How to make money?Hello, everyone! Today we’re going to break down two things: the probable key level for BTC this year, 25,200, and what you can expect from the market in general if you have a medium or long term strategy.
A short story to begin
The 25,200 level was formed in early August 2022, when everyone stopped talking about the bankruptcies of 3AC, Celsius and several other companies. You could consider the 25,200 level a fair price for a neutral market in the current world economic realities. Then we had a fall due to the aggravation of relations between China and Taiwan, a small increase due to the Ethereum Merge in September and the FTX/Alameda crisis, panic sellings and general apathy. From this moment the set of positions began. It lasted almost 2 months until January 9, 2023. Then a local bullish run to 25,200 began, with one stop at 20,000-21,000. And now we hit the 25,200 level again and no one knows what will happen next
THE MAIN PART
1. All of the collapses and bankruptcies of 2022 were a surprise to all players. Each new crash was a great surprise and forced all participants to actively rebalance their positions. The example is Jump Trading and its fiat balance that was ~50% at the time of the FTX crash, even though the normal fiat rate since the Terra/Luna crash was ~30%. In other words, even the biggest players were influenced by the market and depended on the situation.
2. There is every reason to believe that it was the big players who were the main contributors to the November-January position set. After the FTX collapse, the market reached the peak of fear, the only thing that could push the market down even more at that moment was Binance/Coinbase fall, or crypto ban in the USA. Considering how quickly Binance worked and how actively Coinbase was in the process of personnel reorganization, the probability of their fall was extremely low. Also, all regulators mostly blamed SBF and executive team FTX/Alameda; there were no ideas to ban crypto in the rhetoric of regulators. Spoiler: it was introduced later and partially in the form of a stacking ban for US users so the companies would not be cheeky and would think about what they were doing. In general, the risks and probability of a bigger crisis were very low and the big teams understood it very well, that is why they started to set positions.
3. Logically, it will be clear that the level of 25,200 is most likely the most favorable level for the large participants – the beneficiaries of the fall. The price near the level of 25,200 allows you to easily sell those positions that were not sold after the collapse of 3AC/Celsius and the fall of FTX. Which in turn will take some time. After that it is only left to figure out what to do with the bad positions from the time of the Terra/Luna fall, to correct the balance of assets and build a smooth strategy for the future.
OUR BETS
The 25,200 level is completely artificial and created to sell over margin longs from 16,000 - 17,000 and sell problematic positions from the 3AC/FTX times.
After selling positions at the current level, the market will go down to 20,000 - 21,700.
After that, within 3-4 months, we will get to 30,000 - 32,000.
We should expect some interesting price movements, namely long/short squeezes.
The big players have learned to work with the risk of bankruptcy and the risk of regulators' influence: Genesis and the SEC bans are the best examples of that. Besides, there are very few of these risks left and a skilled team of analysts will be able to keep track of them and come up with strategies to work on them.
Asian liquidity will be a growth driver.
Share with us your forecasts on BTC and tell us what topics you want to be analyzed by our team , and we will write about it.
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Bitcoin Bulls / Monthly ChartWhen Bitcoin is ready to enter a major correction, you will see all the Altcoins go through a major crash as soon as Bitcoin peaks.
This is just one signal to keep in mind.
When everything goes red, that's the signal.
But if some go red while everything else stays green, consolidation before the current move is resumed, in this case bullish .
and as you see on yearly chart btc started green so it is possible this month we see 31000 to 32000.
Thanks a lot for your support.
BTC/USD - BITCOIN - Great Buy OpportunityBitcoin hit strong resistance at $25,000 but with all the good news from Hong Kong, China it will break the resistance:
--> On June 1st, 2023, Hong Kong will officially make crypto purchase & sell, trading, fully legal for all of its citizens.
Entry: $24,650 - $24,700
Take Profit 1: $27,000
Take Profit 2: $29,000
Stop Loss: $23,000
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Bitcoin to continue rally?Bitcoin - 24h expiry - We look to Buy a break of 25222 (stop at 24622)
The bullish engulfing candle on the daily chart is positive for sentiment.
Posted a Double Top formation.
25200 has been pivotal.
A break of bespoke resistance at 25200, and the move higher is already underway.
Overnight prices dipped through the 23833 support but have rejected this move and remain supported going into this mornings European open.
Our profit targets will be 26722 and 26922
Resistance: 24500 / 25200 / 26000
Support: 24200 / 23570 / 23330
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BTCUSDT may head for next 4h resistance around 24450-24550So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be very small.
Bitcoin Quick Trade Long is safeBitcoin Trade is around the 24.5K to 25.5K range and my analysis said BTC goes upward
Crypto News Sentiment = Negative
U.S Fed Side in this month = Neutral
Crypto Market Sentiment= Undienet Or Bearish
U.S market = breaks bear trend and moves uptrends
Dollar Index = Falling Fakeout
This All things my analysis drives me to is time for the long and overall market trend is still bearish