Btcusdtoday
BTC current price direct short
After BTC fell from the daily high of 31800
Now there is a shock rise
The next wave will continue to fall
Trend line 29600-29700 first layout a wave of short selling
The current price of 29400 is directly short
This wave of empty orders is best to deviate from the bottom of the daily line level
Below the target of 28500, we are considering doing more
DYDX Cup & Handle needs break for Long!KUCOIN:DYDXUSDT
BINANCE:DYDXUSDT has crawled over a resistance level.
Buyers are lurking around and a possible build up is printed.
Plan A - Long: Breakout of build up.
Plan B - Short: Breakdown of buildup.
CRYPTOCAP:BTC - at major level that needs to break and hold for upside, otherwise downside.
CRYPTOCAP:BTC - idea here: tinyurl.com
or here: tinyurl.com
If you're an aggressive trader, you could potentially already be in.
Consolidation is boring but buildups are secrets for pre-moves.
Nothing guaranteed and that is why we always manage risk.
Let's get it!
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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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.
#BTC MACD CROSSOVER IN WEEKLY TIME FRAME!😱
#BTC WEEKLY UPADTE
In the weekly time frame, BTC is having the support of this 200MA but MACD crossover and sowing a bearish move.
As we can see in the chart in the last 3 times when MACD did a bearish crossover then BTC drops hardly so this time too we may see some fall in the price.
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BITCOIN range candlesticks and more correction ❌🧨Hello 🐋
based on the chart, the price stick in the range market cycle and it is temporary 💡📖
beside
it is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡
for
any other huge pump, we need more correction to the downside ❌🧨
👌 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 🐋
Bitcoin trading signals
With the new round of attention to cryptocurrencies in the capital market, it is very likely that there will be an increase in the future, and the current trading signals are obvious.
Trading strategy:
buy@26400-26350 tp:26800-26870
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
A Tale of Two ScenariosHello, and thank you for joining me in this analysis. Today, we delve into the current state of Bitcoin (BTC), highlighting the formation of a head and shoulders pattern and potential breakout scenarios.
Head and Shoulders Pattern:
The head and shoulders pattern typically signifies a trend reversal in technical analysis but it can also act as a continuation. In this case, however, it's forming above an important resistance level and features an upward sloping neckline, hinting at a possible continuation of the prevailing trend.
Analysis:
Over the past 55 days, Bitcoin has been forming a head and shoulders pattern. Yesterday's high wave candle, marked in orange, perfectly encapsulates the market's current state of uncertainty, with both buyers and sellers unsure of the future direction or in other words; confusion.
As technical analysts, we cannot predict the exact direction of the breakout, but we can prepare for potential scenarios:
Bullish Scenario: If the price breaks above the right shoulder with a candle close , it would signal a bullish continuation of the head and shoulders pattern. In this case, we would look to buy on the break, targeting a price level of $43,000.
Bearish Scenario: A bearish breakout, signaled by a candle close below the upward sloping neckline, would indicate a selling opportunity. Here, the price target would be $23,386.
Conclusion:
While the head and shoulders pattern typically suggests a trend reversal, its formation above a significant resistance level in Bitcoin's chart may signal a continuation of the current trend. A bullish breakout is still feasible as long as the price maintains support from the upward sloping neckline. However, the more frequently this support is tested, the weaker it may become.
As always, this analysis does not constitute financial advice, and individual due diligence is highly recommended. Always consider risk management and proper position sizing in your trading decisions.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best Regards,
Karim Subhieh
BTCUSDT H1Hi Guys Hope you well,
chart show you everything's , I think its Nice sell situation .
SecondChanceCrypto
⏰08/May/23
⛔️(DYOR)
always do your research.
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Btc Levels To Watch | Do Or Die Btc/usdt
"Incase breakdown in BTC/USDT, the market could experience further pain, especially if the daily candle closes below the support level of 26800. If this happens, there is a high probability of BTC dropping towards the range of 25-22k. On the other hand, if BTC manages to hold the aforementioned support level, and breaks the resistance levels of 30-32k, it could lead to a surge in BTC price to the range of 35-40k. As always, it is recommended to conduct your own research before making any trading decisions."
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