Running Flat Wave 4 on Bitcoin?Bitcoin hit a critical resistance earlier with a running flat extension potentially signifying that this corrective move could be over or near it very soon.
Additionally, what is really interesting is that the C leg of this move is 1.5 times the length of A which is very common in these corrections. The date hit exactly at the current high.
Could still l go up, but things are aligning nicely for a potential final five waves down. If this target begins to make headway, I will post some potential targets.
Trade safe.
Btcusdshort
BTCUSDT: 28600$ ~ 32000$Hello friends. Looking at the Bitcoin chart, we can see that in an upward trend to reach its monthly base target for its liquidity, it seems that the market giants made this quick move to sell their coins to retailers again. My expectation is path one to $28,600 and I consider it more likely than path two. The target was 2:32,000 thousand, but after that, the market continues to fall.
👀The first target is marked with purple color. and target up to $28,600
👀The second goal is shown with a pink dashed line: $32,000
BTCUSDDifficult to do this without COT data. should have waited for a few hours if the Cot data is released or not.
but for now, big people say it is going down. doesn't make sense for TA. how often does trading make sense? Well, it's like puppets playing for the strings.
no data released since late Jan due cyber attack.
BTCUSD 30m Short sellingHello guys,
This is a very urgent trade. What are we going to see today is Bitcoin. COINBASE:BTCUSD is coming very fast to continue its resistance level . So speed is very important in this. This is an opportunity to short sell .
Trade safe!
Thanks & Regards,
Alpha Trading Station
BTC - Short strategyBYBIT:BTCUSDT.P
4h time frame
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BTC did a pump after announcing CPI, but still faces the structural resistance (22350~22500)
According to last BTC analysis, we can set final TP at 20900 which is a nice support level to form an inverse HS.
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Entry: 22350~22500
TP: 21200, 20900
SL: if successfully break up this DC(Descending channel)
Bitcoin and its downward trendbitcoin as I expected, reach to 23200-24700$ and now I think we should wait to see a short trigger position.
beside this I think DXY is going to have a bull trend.
in the mid-term trend I believe bitcoin will have a great downward trend but in short-term, I think we can have a pullback to left shoulder flag limit (QM) and then there will be a short trigger.
TP of this downward trend is 12700-14100 support zone
Bitcoin Looking Heavy but Still Finding Support-BTCUSD is looking a tad heavy these few days, drifting toward the bottom of the nearer dealing range between 24260 and 22230 price levels.
-I believe Bitcoin will try to break out to the downside reaching for the discount end of the greater dealing range set by the rally from Jan 18 low to Feb 1 high. At the time of writing, bottom end of the nearer dealing range is still holding. I am anticipating a breakdown but could see small range trading happen until a liquidity injection event sends price lower.
-Bias: Bearish
-Why? There is sellside liquidity below the 22230 level which I believe the algo will reach for.
-Targets: 22230 and 21650 into the daily +orderblock.
#BTCUSD - 30% Long has Finally Closed. Where's this Short Going?Well well well... What a month it's been for #Bitcoin. We've seen some huge gains and managed to net 30% ourselves with a #BTC long. Now we've got a Short signal from CTv2.
We can see a few defined areas where the price may be heading next if this Sell signal shows promise - the most likely scenario is Bulls are still prevalent and the price might only drop to the nearest level of support, around 10%, still a very nice Short trade to make!
The other option would create a pretty clear Head & Shoulders pattern and would mean #BITCOIN price reverts to previous levels down at around 16k - this would make for 20% profits or more!
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