Why short ?Everyone is so convinced of a short position while we have just completed a perfect triangle.
Of course it can also go the other way, but I see no reason to short here
Btcusdlongsetup
BTCUSDT Current monthly candle favoring longMonthly candle looking awesome. Please keep the high time frame chart always visible at it sets the trend. Such strong monthly candle from bottom have been observed not very often in bitcoin history. And whenever they have appeared, they have been a sign of uptrend. Therefore the probability currently favoring the long side.
CountOnCrypto - Bitcoin Forecast - 11/04/2022Good evening TradingView, here I'm sharing my next long setup for Bitcoin, the zone to long is marked by the green rectangle, stop loss is below the weekly nPoc located at 37.75k, a break of this level would likely result in a re-test of the value area low which would invalidate the setup.
The entry has the confluence of the golden ratio (.618 Fibonacci retracement zone) as well as the point of control of the range which is marked by the red line, this area has the most volume between the low and the high based on the volume profile which makes it a likely level we'll test on the way down.
In terms of take-profit, you should look to take profit at the various levels I have identified including the Fibonacci levels and daily levels, the highest target being 48k which is the top of the range. My first take profit is going to be the value area high located at 42.75k, this area is also a daily nPoc.
BTCUSD CHANGING TREND
ZEYAN here!!!!
I'm looking at the market as a bull, and as far as I can tell, it's more bullish than bearish in the medium term.
im bullish on bitcoin and i see its changing the trend ill be buying retracements
the month of april is bullish for bitcoin and its confirming the uptrend by how its behaving rightnow
This is the end result of my analysis; I analyse the market using a very unique method for trend and entry; please do not take this information at face value; conduct your own research.
If you want me to analyse your charts, please let me know in the comments.
If it was helpful, you owe me a like!!
Probably the last leg up in this market cycle !!! BTC is almost mirroring its 2013 market cycle and going by that I'm expecting prices to top out between 75k to 85k and fib retracement always indicates those prices extending to about 80k USD if we lay the 0.236 extension on the top of the rally (4/9/2018) before BTC capitulation in December 2018.
Expecting BTC to bottom out between 10 to 14k USD in the next bear market.
I expect BTC to reach 1,000,000$+ in the next market cycle.
#DYOR
#This is not investment advise!!!
BTCUSD : BUY FROM STRONG RESISTANCE Hello to all,
The ascending trend was broken and now i'm waiting BTC to the strong support level around 39K.
After testing the support level if the descending correction trend breaks upside, i will get a long position and keep it till 76K.
For now i'm just watching the correction move. After the correction i'll share an update about this analysis.
If you find it useful, please support this idea with LIKE and feel free to ask all your questions as a COMMENT.
