BTC #BTC
A huge fat array was formed on 4****$. Long now? Yes, it's safe. Depends on how much risk you take on the trade. Now it's easy to get long compression with an upward shot (41-42), I would have started shaving my shorts by now, the time has come. + RSI on daily timeframe, below March, definitely we need to warm up a bit. There was no squeeze, BUT the leverage is still extreme, but the futures contracts have already gone negative. We already have more shortists than longists.
Btcusdtbinance
BTC/USDT 2 HOURS ANALYSISWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
BTC gets bounced from the $47500 level and now BTC is facing some stronger resistance of 21 ma or 49k level.
let see how 2-hour candles close.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
BTCUSDT Could Go Lower to 30115.0
Welcome back Traders, Investors, and Community!
Hi Traders, BTCUSDT on H1 is in the Bearish channel, it seems that after the rejection from the lower band of the channel because of the pressure from the bears it couldn’t go much higher from the band, I think before reaching the upper band of the channel it will reverse and go down to 31685.0 and then 30115.0
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
BTC very interesting patterns!Hello, I am back with an idea on BTCUSDT pair 2h time frame. Recently, I have been keeping a strong eye on BTC, as alts are mostly hurt and some of them are finding it hard to recover. Last time I shared the idea, we hit our target on BTC. I got two scenarios to mention, both connected with each other:
FIRST SCENARIO:
As you can see, it has formed a bearish flag at broke out of it. It tells us that we will continue the bear scenario for a while possibly. Even the RSI tells us we keep forming LH as RSI gets higher but it does not have a bullish momentum and power.
SECOND SCENARIO- We broke out and we see there a bullish pattern forming after the breakout. When I drew the RSI lines, i saw this pattern form with the movement of BTC. We may see another drop very soon but it seems as everything won't last long and we probably become bullish very soon, in the wedge pattern formed there. As long as we don't break under 26-28k, BTC will soon become very bullish.
If we get to stay above 35k, we may see it again try for 40-42k, however it does not help us a lot in the mid term. But it can be profitable if we manage to consolidate in the 35k. But keep an eye on the two scenarios, as things will get very nice in a week or two from now. Trade with patience and time your entries. Good profits can be made even in bear momentums. Hope you enjoy my idea. If you have any comment, you are welcome to share it. :)
Involved with nodes
The four-hour timeframe reacts in the same node and for the second test, so that this node is not engulfed, do not think about continuing to climb. After reaching the blue box, wait for $35515 to be seen and then think about continuing to fall
-----
The two-hour time frame is still involved with the node that infiltrate takes to the next node, the second node is at $42900
Continue the correction process #BitcoinOne of the best levels of demand and price returns can be $26920. Reaching a safe shopping point is a condition of the red box box ($25600), which can be quickly happy at the bottom two points, and then we will see the price return, and the probability that it will remain in the side range for several days (currently it is unlikely).
Within the same daily time and four hours in the chart, we still have two directions of pullback and continued to fall (do not rush and think about buying at low points)
Be careful not to buy after each pullback, we have already said that these pullbacks are only for collecting Sell orders.
Don't forget to like
Keep thinking about the downtrendThe trend is still declining and the climbs are just pullbacks and collecting Sell orders. The stop is marked in the chart and if it is seen, it can continue to climb, which is very unlikely.
The only level of safe shopping are the two green lines. To see this target, you need the orange line engulf at $37224
The first part of the fall after the pullback in a 4-hour time frame. Don't forget the 18 and 19 May timelines
Do not forget to follow and like
Start the correction process from $60000To climb a lot in the suffering range and this is not good, two hunts and the end of three moves show us the beginning of bitcoin reform in a very simple way, in the first stage to fall to $ 50,000 and finally to $ 41360, the beginning of this The downfall is from here or $ 60,000
Watch out for the 16May & 18May timeline. It can complete the pullback and continue the correction
In daily time, you see two huts hit new ceilings and three moves completed, completing QM a 4-wave, which is at $ 60,000, and the last wave of the fall is our last goal