Trading Signal | BTCUSD | Swing | Elliott Wave (Mar 2020) - DTrading Signal | BTCUSD | Summary
BTCUSD crashed since the time of the last post.
Trading Bitcoin | Buy Orders | Elliott Wave
I kind of seen this possibility, but the stake was high, and I decided to publish the opportunity, so it will not be missed.
We roll with the punches.
The Conservative Entry still remains in play, alive and still kicking.
Conservative Entry @ $5500 with SL @ $3180
BTC/USD - Weekly Chart (picture)
The fact that BTCUSD tanked does not necessarily mean that it's actually in a bear market and about to crash for good.
NO! From an Elliott Wave perspective, Bitcoin's structure extended itself in its complexity.
This does not mean that BTCUSD is not destined to start the expected rally. This only means that the Triple Three correction has been prolonged in duration and time.
A rise is in the menu, and should be starting very soon.
BTC/USD - Daily Chart (picture)
BTC/USD hit the 88.6% Fibonacci Retracements of Primary 1 (blue), and a reaction has been noticed.
However, it should be treated as a Minute iv (red) correction, within Minor C (red).
This is because the Bearish Divergence is not yet ready to sling-shot the price-action higher.
A last dip would be expected, followed by a realistic possibility for the bigger rally to commence.
Btcusdsignal
BITCOIN might fly to 10000 before falling to 9125Plan : wait for price to bounce off from trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX
BTC/USD LONG SET UP FOR BULL RUNBTC/USD BUY LIMIt ORDER
ENTRY 1 $9,768
ENTRY 2 $9,640
SL $9,220
TP.1 10,040
TP.2 10,268
TP.3 10,540 & TP.4 10,840
*Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10262.35 area after trading as low as the 10083.10 area during yesterday’s European session. Notably, the pair moved higher to test the 10522.51 area during yesterday’s North American session, a fresh multi-month high. After peaking around the psychologically-important 10500 level early in yesterday’s European session, traders quickly booked profits and drove the pair lower to the 10083.10 level, testing the 100-bar MA (4-hourly) and just above the 10064.04 area that represents the 38.2% retracement of the depreciation from 13868.44 to 7712.45. Traders are curious to see if the pair will be able to remain above the psychologically-important 10000 figure, and if BTC/USD bulls will have the fortitude to test the psychologically-important 11000 figure.
the pair continues to trade above the 50-bar MA (4-hourly), and are watching to see if the pair will be able to reclaim the 50-bar MA (hourly) following yesterday’s early depreciation. Traders are watching the 10513.53 area, an upside price objective that the market was briefly able to eclipse yesterday. This area gained technical significance when buying demand emerged around the 9521.47 area during the pair’s climb, adding on to the earlier demand around the 9078.05 area. Above current market levels, traders cite upside price objectives around the 10545, 10615, 10652, 10698, and 10722 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 9668.68 and the 50-bar MA (Hourly) at 10315.18.
Technical Support is expected around 9948.51/ 9757.64/ 9370.10 with Stops expected below.
Technical Resistance is expected around 10534.04/ 10652.04/ 10698.24 with Stops expected above
BTC/USD SHORT SET UP TO $7,000/ AT $7,000 GO LONG TO $10,480Sell BTC/USD
Entry 1 8680
Entry 2 8568
Sl 8900
Tp.1 8,180
Tp.2 7,775
Tp.3 7,520
Tp.4 7,186
BTC/USD’s ability to remain above the 7473.42 area will be closely scrutinised by traders intent on assessing the sustainability of the recent move, as this area represents the 23.6% retracement of the 10540.49 – 6526.00 range. Likewise, a move back above the 8059.54 area will be seen as a bullish development as this represents the 38.2% retracement of the same range. Below current price activity, traders anticipate Bids around the 7597, 7473, 7313, and 7117 areas. Above current price activity, traders anticipate Offers around the 8177, 8340, 8585, and 8799 areas.
ONCE SHORT ends
BUY limit set up
entry 1 $7,080
entry 2 $ 6,680
sl 6300
Tp.1 7,600
Tp.2 8,100
Tp.3 8,600
Tp.4 9,600
Tp.5 10,240
BTC/USD SHORT SET UP(GO LONG AT FINAL TAKE PROFIT10540.49 – 6526.00 range. Likewise, a move back above the 8059.54 area will be seen as a bullish development as this represents the 38.2% retracement of the same range. Below current price activity, traders anticipate Bids around the 7597, 7473, 7313, and 7117 areas. Above current price activity, traders anticipate Offers around the 8177, 8340, 8585, and 8799 areas.
COMMENT below if you need help with MINDSETMindset is 1 of the most important tools to have in trading... yet most people overlook this... this is why 90% of people fail.
My mindset when i 1st started out trading was terrible, after a couple of lucky wins in a row ( i was just gambling as i didn't know anything about Forex ) i would think i was on top of the world, better than the markets and a clever little b@stard and risk more money... This is when the markets would put on its steel toe cap boots and kick me in the b@lls.
It wasn't until my 2nd year of trading that i noticed what my faults were and decided to fix them.. this is when i became profitable consistently for the 1st time. If something is not working then change it, people are scared of change but need to do it if things is not working!!!
Come have a chat with us if you need help, we will give your mindset a beating and get it into shape ;p
12000 is the next key level for us, as you can see this resistance zone has been used before to generate bearish movement, now after the few weeks of bullish movement price might just smash straight through this level and carry on going to the moon.
Technical, Fundamental, Bulls, Bears, Fibonacci, Patterns, EMA, MA, Bollinger bands, SMA. Some of these you need to know, some of them are complete b#llsh@t... ive just wrote them to get more views on here ;p hahaha.
BTCUSD - Long term InsightsHi Everyone ! So If you closely look at btcusd , you will surely find a triangle trap. A big triangle trap I would say. I am thinking to buy at this point because somehow I am expecting it to go up till 8000 due to PSYCHOLOGICAL BARRIER. I'll update the chart accordingly thanks.
BTC/USD forget about buy till it comes to...BTC/USD overview. Take a look on chart, there you can see that Volume is totally decreasing.
The biggest Volume was near $6 000 and $5 500. You need to know that volume shows how big players and retail traders interested in instrument. As you know for this moment we have silents on TV. Before crushing cryptocurrency market everyone, told that I will cost $50 000 or even more (Remember, you need to do opposite to what you hear on TV). For this moment we need to wait, when on TV we will hear that BITCOIN is going to $0. That will be a signal for buy.
If we take a look on this situation from technical analysis, we see that near $5000 — $6000 was Big Volume and Bullish reaction on that volume, that means that level is key for big players. I recommend to open buy near that key zone. Goal would be $8726, $9920 or $11 693.
BTC USD - Who will win? Bulls or bears?Morning traders! Here we are with the bitcoin! Easy setup for it , is moving sideways between 7.8k and 8.4k , a lot of people are waiting for a breakout of this rectangle to understand the next move of the BTC , meanwhile in daily timeframe the price is going to reach EMA 200 and 100 , It could act as resistance zone. Be patient!
CRYPTO : BTCUSD LONGTERM SHORT BASED ON H&S + ABC CORRECTION !!We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well).
Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level.
Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.