Btcusdlong
Long Scalping signals on BTCWe have witness a 2% leg up in the opening hours, hopefully break the local resistance at 17k.
The plan for today is to wait for a good entry and go LONG. Also, Alts looking good today, will provide further signal later.
Buyzone: 1665x-167xx
Stoploss: 1655x
Target: 17k1 - 18k1
Like and Follow for more signal like this.
Expecting more pullback in BTCI wouldn't be surprised to see Bitcoin continue to pullback, especially with how aggressive the most recent sell off is. We'll see how price responds if it makes a new high, but I wouldn't expect a full reversal just yet if we get one. Price is hinting at creating new relatively short term (M15 + H1) highs. But also be prepared for further intraday pullbacks. We'll see what tomorrow brings us, but based on a WXY wave count as well as strong responses in PA, higher prices in the short term seem very likely to happen.
BTC USDT TODAY RETESTHi mates, the BTC tested yesterday the Level 16833-17200, but it looks strong resistance, it couldn't close daily over the level 16833$, I think that the coming news of Russian war effects the up moving.
so right now let's watch the retest on that purple trend line, to see the next step, I'll long #BTC from that point 16600$
BTC bullish on short-termBTC is moving above the trendline, looking bullish in short term.
IMO, It will be testing the 17k1 Resistance today. If it confirms a breakout, then we will see BTC trading at 17k7 - 18k1. If it can not break the resistance, well, chances are it will continue to sideway in the 16k-17k box for a while.
Potential Long:
Entry: now or wait for 16k8
SL: 16k5
Tp1: 17k7
Tp2: 18k1
BTCUSD will continue dropping. When buy? (NEW)With FTX exchange collapse the whole crypto market has been collapsing.
BTC broke the key support and reached $15700. The bounce that we saw yesterday was just a successful bearish retest.
Most likely the price will continue dropping.
It wouldn´t be surprising to see more crypto firms, lending platforms collapsing in the next days or weeks which would increase even more bearish sentiment in the market what would result in a final leg down also for BTC.
The sentiment is very bearish and onchain data shows that people withdraw their coins from cryptocurrency exchanges.
It´s fearful territory and it may be very ugly soon.
$14 000 is not a strong support therefore we expect that if the price continues dropping, we will see $12 000 - $10 000.
DCA between $14 000 - $10 000 which seems to be a perfect buy area for a long-term investment.
P.S Not your keys , not your crypto. Buy the ledger and withdraw your coins from exchanges.
Good luck
Bitcoin : Elliot Wave theory updateHey all,
A few weeks ago I introduced my Elliot Wave theory on Bitcoin . And this post is here to update this theory :
-Prices are still in the fifth wave of the corrective Wave A . The first target is hit, this one is located at $16,540$ . We're dealing with a possible bottom if the macro situation has no more bad news.
-Following the corrective Wave A , Wave B will permit to bounce for a few months and to go back to a better area, with a first major target located at $39,483 , the golden ratio of the retracement of Wave A .
Let's see how the evolution will be. I'll see you in a few weeks in the update of this situation. Do not hesitate to follow to stay update !
Cheers.
Romain
BTCUSD Forecast: Day Trade Set UpHey trader,
As you can see the price is currently bullish running in the head and shoulder patterns accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest on the 200 MA (that's visible on the MT4 chart) as well as the short-term MA trend. This bias will be fully confirmed once the price has (1) bearish retested the 1H H&S Neckline and 8 MA with a bullish reversal candle pattern close, or after it has (2) bullish broke and retested the 4H Half a Bat Neckline. If it decides to bearish break and retests the 1st 4H Key Lvl together with the 50 and 21 MAs, our bias will be rejected.
With that in mind, do not take the trade because this is not financial advice. I'm just sharing my point of view. You also can do the same in the comments section below. I don't mind because I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below.
Stay Profitable,
Sphatrades.
Bitcoin and rest of the market in accumulationHi guys lots of mixed signals going around the market at the moment ,which generally indicates big investors wanting to buy in at a cheap price
as it shows we have already hit the bear market bottom and through some TA and FA we can make a call that our position is long
-RSI has a hit a strong oversold region and is also indicating a strong bullish divergence in the 4 monthly
-Market cap has hit the top of the 2018 market and therefore the bottom cap for the 2022 of 850bil
-Overall volume is indicative of Huge amounts of oversells leaving bears liable for long positions within 4-8 month positions
overall expect all short positions in the next 6 months to get absolutely lit up current volume depth is growing
alt market will be prime for yearly long positions entrys right now with most coins being able to 4-8x within the next bull market.
Bitcoin Monthly Bullish AnticipationThe Bearish nature of Bitcoin is soon coming to and end.
It is anticipated that the fall of Bitcoin is to purposely fill a Fair Value Gap (FVG) found around the price range of $12,000 - $16,000.
If price is able to fill the FVG successfully, it is anticipated to rally to the upside to fill upside FVGs and clear upside liquidity.
And in doing so, price may probably form new highs eventually.
BTC/USD LONGTrading suggestion:
As I told you in the previous analysis, that correction was necessary for the BTC trend but now I think we are at the end of the correction and after a little range we will see the slow long trend
Don't be rushed and let it rest while the bullish trend gonna beginning .
Trade for long time :
Entry 1 : Around 20k
Set order Entry2 : Around16k
Take Profits:
TP1= 27780
TP2= 35160
TP3= 42500
TP4= 52400
TP5=100k
SL= Break below 12k
Thanks for your attention 🙏!
Trade well, ❤️
Good luck and be profitable ❤️
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them !
- So if u went in around 19k+, you had already a great deal.
- Now if you didn't board the first train. i suggest you to wait.
- i don't show any indicators to keep the chart clean.
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Trading Parts
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- we are reaching a particular zone, so be cautious ( bears or bulls same )
- Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator.
Buy Zone : 21,150++ (DCA)
TP1 : 22,500
TP2 : 24,900
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Happy Tr4Ding !