BTC update, SMC...Hello traders, I posted a chart for BTC and we had 2 Scenarios, first one was to pull back and retest to 30k again from the support level of 27.1k and next one was 26k zone...
and first Scenario is activated, and now we should wait for a rejection from 31k or 32.4k before opening short positions...
and targets are 26.5k, 23.9k, 20.5k with stop loss of 33k...
and best entry zone is 30.4-32.4k depends on where and what price we get the rejection....
enjoy trading <3
Btcusdtlong
#BTC next target is 34k!#BTC UPDATE
BTC is making this bullish flag pattern and is currently at the lower level of this pattern and is at 200MA support.
(Basic info about the pattern)
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
According to the pattern we can expect a 12% bounce after the break out of this pattern which is around 34k.
RSI is showing some bullish divergence moves in the short term.
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
BITCOIN long-term update (more gain expected) 💣🚀Hello 🐋
bitcoin in long-term overview
we have great daily support zone close to $23000 to $26000 level, we expect to see more gain and pump for the price at least close to $32000 resistance 💣🚀💣
besides
the range market is acceptable scenario too 📖💡
if
we lose our support level we will see correction at least 19000 to $21000 area ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BTCUSDT hit the bottom of the daily support rangeThe price visited the bottom of the range which is my preferred zone for long as mentioned in the last post. As expected, the bounce from that bottom seems to be good. However, I missed the entry as did not have any order open. But I have this plan for long if filled. Target as mentioned in the original post should be 28336.
BTC LONGHello Guys. I hope you are fine!,
here I will tell you my opinion in Bitcoin Price if you are interested then you are welcome to use it.
my opinion that we go to 25500$/28000$/30000$ and then back to 20000$ or 19000$. that we touch 20000$ and 19000$ is 90% (I want to say 100% but since in technical analysis 100% is funny because you don't know what will happen 100%, that's why I say 90% 😜) because we have CME gap but unfortunately how high we go I can't say exactly which but you can 25500-28000-30000, keep an eye on it.
Thank you and stay healthy!
#BTC/USDT Weekly Update. Keeping it simple.#BTC :- Weekly close below $28k, ($27500).
This doesn't look good tbh but we haven't seen a confirmation yet.
The current weekly candle is important.
Close below $27500 and I will consider flipping a decent portfolio size into USDT.
Close above the $28.3k, I will analyze the chart again.
The previous Daily Chart didn't invalidate yet. We haven't closed below $27154.
This week could mostly be sideways followed by a move during the weekends.
Let me know what you think and do hit the like button to support my content.
Thank you
#PEACE
LONG ON BITCOIN : DO YOU AGREE ?As you can see the price is going towards 25000 and inside the order block if this order block is respected we could expect a market structure shift, we will be expecting that on 1-hour timeframe if that happened I'll go lower (15 or 5 min) and look for one entry to target the imbalanced at 30000 because we might expect a retracement from 30000 level also if 25000 order block is not respected we can expect the price to move towards 22,000 and respect the imbalance inside the order block and expect a move towards 30,000, so these are my two scenarios depending on how it happens...
*** Sorry I had to repost this, I didn't know I can only post personal links if my plan is above the Pro plan, thereby violating the house rule ***
Please click on the like button, and subscribe if you are liking this my analysis so far, it gives me some level of motivation... let's learn together
NOTE: DYOR IF YOU WANT TO ENGAGE IN THIS TRADE WITH MY ANALYSIS THIS IS NOT A SIGNAL
TIME FRAME: 12H
DATE: 22nd April 2023
BTCUSDT at daily support but demand is dismalThe price is at daily support but the demand really is dismal. This zone should be a good buy zone but the appropriate reaction is not seen from this zone. Price is holding here but there is no bounce. Such support should have given an immediate bounce instead of just holding the price. I am tempted to take a long here but giving it a second thought because of this poor reaction of the support. If not now then I will try one from the bottom of this range if it goes there.
BTCUSDT likely to move up and a long favorable with target 29396The price finally reached around the 4h support zone. This area is also the consolidation zone before the move beyond 30k. A long is favorable here. If the uptrend is still alive for BTCUSDT, this could also be a good entry for a swing trade. But for now let us target the 29396 level.
BTC: Continue to go long, pay attention to 23K
Last week, the economic data released by the United States was mixed, and the US dollar entered a period of volatile pullback. The monthly rate of durable goods orders in January recorded -4.5%, worse than the expected -4%, the largest decline since April 2020. The February ISM manufacturing PMI recorded 47.7, lower than the expected 48; However, the ISM service index recorded 55.1, stronger than the expected 54.5. Both PMIs suggest that US inflation may be more sticky than expected, which may support the future prospects of the US dollar's trend, but in fact, the US dollar index recorded a drop of nearly 0.7% last week.
Although from the perspective of the US dollar and risk appetite, the price trend of Bitcoin (BTC) should have been boosted last week, unfortunately, there was negative news in the crypto circle last week. According to reports, the cryptocurrency bank Silvergate announced that it will delay the submission of its annual 10-K report for the 2022 fiscal year. Silvergate stated that "the company is currently analyzing certain regulatory inquiries and investigations related to the company." Immediately afterwards, many cryptocurrency companies and cryptocurrency trading platforms such as Coinbase, Circle, and Tether urgently announced the termination of business dealings with it. The news caused panic in the crypto circle and put pressure on the price trend of Bitcoin.
The daily chart shows that the price of Bitcoin (BTC) fell sharply last Friday, breaking through the range of 23,000 to 24,000. It is currently holding steady near the upward support line of 22,000, which started on January 18, and there may be an opportunity for rebound correction in the trend. If it goes up, the initial resistance will focus on 23,000, and further up, the resistance will focus on the 20-day moving average range of 23,600 to 24,000. Continuing to break through will win the opportunity to challenge 25,000 again.
Personal trading strategy: Enter the long position at 22,000-22,400, with the first target at 23,000 and the second target at 23,600.
However, if it effectively falls below 22,000, it may usher in greater downside space, further down to 21,500 and 20,000. Therefore, it is necessary to set stop-loss strictly, and stop-loss promptly when breaking through the support. I will also continue to pay attention to changes in the market and give the latest strategies, please continue to pay attention.
BTC Long PositionThis trading idea suggests opening a long position on BTC from 28900 to 28600 based on the Pattan Cypher and Navarro200 indicators. The Pattan Cypher indicator has identified a bullish reversal pattern, while the Navarro200 indicator is showing oversold conditions for BTC. If the price of BTC breaks out of the 28600 support level, it could potentially continue to rise to the next resistance level at 32000. However, traders should carefully consider their risk management strategy and trade with funds they can afford to lose.
BTCUSDT at hourly support and may bounce at least till 29800This drop has brought the price again to the previous hourly support. The price last time bounce from here to reach the daily resistance. I believe this support will again produce a bounce at least till 29800 level. The long is favorable with a target to 29800 here.