BTC is on the critical support1D time frame
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Bitcoin has huge volatility in these two days, pumped high and wend back soon. This scenario means bear for most people, but if we take a closer step, Bitcoin is currently on the support zone(27150~27300), which is made of a consolidation on lower time frame. Also, Bitcoin has the probability creating the Break and Retest trend, if getting support well here, we can still aim to higher target(29000~30000)
Btcusdtbuy
BTCUSDT at daily support, likely to bounce to 27096-27196Our swing long idea is still active and running but here is a short term long trade idea for BTCUSDT. The price has hit the daily support DS1 and it is likely to bounce towards 4h resistance 4HR1. Therefore, a long is favorable from this support towards that resistance 4HR1. This resistance zone is sitting around 27096-27196.
BTCUSDT at 4h support and likely to head up towards 26600The original swing trade is on but here is another trade idea on shorter time frame. The price has pulled back to 4h support and I think it is likely to bounce from here towards 4h resistance. Therefore, a long trade is favorable here towards 26600.
BTCUSDT heading fro hourly support, likely to bounce from thereTwo trade ideas here for this. One short and then the other long. The price is rejected from 4h resistance 4HR1 and currently pulling back. I think the price is heading for hourly support HS1. Once the price reaches there, it is likely to bounce from there providing an entry for long trade.
BTCUSDT : Long Trade , 1DHello traders, we want to check the BTCUSDT chart. The price has reached a key level that has reacted to this level several times in the past. We expect this level to play the role of a support level and if the price cannot break this level, we expect it to grow around the price of 28,200. Good luck.
BTCUSDT at daily support, likely to head up to daily resistanceThe 4h support shared last time did not hold and did not provide the bounce we were expecting for a long trade. The price fell down and came to daily support zone DS1. I believe this one should hold and the price should bounce from here. The bounce will likely towards daily resistance zone DR1 but it might face some difficulties around 29566 area. The price might still dip below the current daily support but should come back up again soon. By the way, I think this weekly candle is going to be green and if not and the price kind of maintained this zone without a significant drop by the end of this week, we shall see a green weekly candle next week.
BTCUSDT likely to head up from 2h/4h supportThe long idea has made us wait really long and the short we took did not work out. The price has come back down after spiking through the daily resistance DR1. I would really have like the price to reach to the 4h support 4HS1 in order to take a long trade as originally planned. However, I do see a case for the price bouncing from 2h support 2HS1. It has done so previously and has aimed towards 4h resistance 4HR1. Its again setting up the same scenario. I might allocate some amount in this support zone and wait for the price to come to 4HS1 for the rest. Apart from this short term view, I think BTC is ready for a good move towards upside soon. The stage is kind of being set and prepared and we shall see that very soon. The medium/long term view I will share in a separate post. But in short, I think we see a bigger up move without going below our recent lows made in last days.
BTCUSDT at 4h support, likely to move up to 30036The price is currently at 4h support 4HS1. The drop from daily support (not marked on the chart but was close to area where now daily resistance DR1 is marked) was not that significant and found support around the consolidation zone during the upward move in June. It is likely to bounce here towards daily resistance DR1. Therefore, a long trade is favorable here.
BTCUSDT at 4h support, likely to head to at least 31166And so the price has finally come to our entry for the long trade after almost waiting for a day. The price has hit the 4h support 4HS1 and likely to bounce here. I expect this bounce to head towards 4h resistance 4HR1 and making a long favorable here. The target of this long should be at least 31166.
BTCUSDT heading for 4h support, long favorable from there A new long idea on this one. The price is currently trading in 4h resistance zone 4HR1. I expect the price to retrace to 4h support 4HS1 level. A long will be favorable from there towards 31396 area. There is a support around 31066 area and price may experience some bounce there but I hope that the bounce will not be big and the price will continue to retrace to the next support 4HS1 and in turn providing the entry for our long trade.
BTCUSDT back to previous resistance, likely to head up to 31236The price was rejected from the 4h resistance 4HR2 on this push to the upside. It was pushed back down from that resistance to the previous 4h resistance 4HR1 which may act as a support now. I think a long is favorable from the 4HS1 support towards the 4HR2 and a bit above. Lets try this long.
BTCUSDT to head towards 4h resistance around 31136-31236BTCUSDT has been trading in a new range after breaking up from the previous range. Now it has formed a new support zone 4HS1 which is a good level to long from. I believe this time price will break the range high resistance 4HR1 and proceed towards 4h resistance 4HR2. Therefore a long is favorable here towards 31136-31236 zone.
BTCUSDT heading to daily support, long favorable from thereI expect the price to head towards daily support DS1. The price is currently trading between 4h resistance 4HR1 and daily support DS1. A long will be favorable from the daily support zone DS1 if the price hits there. Lets see when and how we reach there. The tarrget of this trade should be first 4h resistance 4HR1 and then 4HR2.
BTCUSDT to head towards 4h resistance 31136-31236The 4h resistance 4HR1 is holding the price back. The price was pushed back down from that resistance zone towards 4h support 4HS1 after our last trade concluded. After that it has moved up to the resistance zone again and has attempted on LTF several times to go beyond it but everytime it has been pushed back.However, it seems that the resistance will give the way for the price to move higher towards 4h resistance 4HR2. Please keep in mind that this is a short time frame trade analysis. The price for long time frame, I will discuss that in a separate post.
BTCUSDT at 4h support, long it to 31166-31236The price has retraced from the 4h resistance zone 4HR1. Now it has hit the 4h support zone 4HS1. This can be our entry for the long trade. I expect the price to break 4h resistance 4HR1 on this attempt. Therefore lets target 4h resistance zone 4HR2 for this long trade. This resistance sits around 31166-31236.
BTCUSDT close to daily support, likely to bounce to 30636-30736The price moved according to out expectation for the last trade we took a few days ago. It did not quite reach the resistance zone target but came quite close to it. I could not provide any update after that as I was traveling. The price came back and hit the daily support which was again a level to go long. The price bounced from there and came back again when pushed down by newly formed 4h resistance zone 4HR1. The price again bounced to 4h resistance zone 4HR1 to meet the same fate. Currently the price is again heading towards daily support DS1 and likely to hit it quite soon. I think a long should be favorable again from there towards the 4h resistance 4HR1. Do you think this will work out again like other bounces from DS1 zone?
Long Position for BTCUSDT !? Try to Look simple but wise ...As you see on weekly basis chart; we broke the resistance and we will have potential to move on long position with 50K target for BTCUSDT and then maybe the skyfall down to 30K again.
Wise simplicity is a key of complex success, maybe ! :))
I wish Mr. Market also want what I have mentioned in my technical analysis ....
Not a financial advise, take your own risk, Wish you all the best.
BTCUSDT Bull Flag 4H TFScript is going ballistic and approaching its previous grand resistance level. Bull flag shows continuation to upside with projection right above the resistance. It is not going to be easy fight but lets see what price action bring us. Will BTC break previous resistance and rally up? Next week will be crucial for crypto.
BTCUSDT may head up towards 30633 zoneThe price is trading at LTF support. I think a long is favorable here towards 30633 area. The price is trading broke through the weekly resistance WR2 but came back inside the resistance zone and currently trading inside it. However, it seems the price is now ready to make another push upward at least towards the recent high it made.
BTCUSDT ready to head up towards daily resistance 27066-27236Analysis: LTF
The last long trade idea almost reached to the target but did not quite hit it. I think the price action is suggesting another long opportunity with a target towards the daily resistance this time. The price has been consolidating for long in this range between 4 resistance 4HR1 and 4h support 4HS1. The price action has been very slow with very low volatility. And soon it might be ready for the upward move. The target as mentioned in the daily resistance around 27066-27236.
BTCUSDT close to daily support, long term long is favorable hereThe price has come close to the daily support zone which we talked for HTF analysis on the first drop on 5th June. The price is still a bit short of touching the daily support. So it might dip one more time to hit it formally. But lets see.