BITCOIN: Short Term Reversal (Trade Both Sides)The recent sell-off in the crypto market gave us the first hint for a short term trend reversal. From a technical perspective, the price is looking for a lower high, which would confirm this scenario.
I expect the BTCUSDT price to push towards the $71.2k price before we see another strong rejections and profit taking.
The long-side of this trade is accounted with more risk, compared to a short position at this mentioned price level.
I will keep this idea updated, so please feel free to share your thoughts in the comments and boost this idea if you agree with it.
Ares
Btcusdtp
BTCUSDT → will it touch 100k?BTCUSDT → will it touch 100k?
hello guys...
as you can see btc broke the ascending channel very well!
on the other hand in a short time frame, btc engulfed the last supply and demand zone and it is possible to touch the 57k level!
so it is what scenario I believe to happen:
1- the last high will hunted
2- the 57k level will touched
3- it will pumped toward 100k!
___________________________
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BTC two shorts plans1D time frame
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BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio.
First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8.
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(1) Double top:
TP: 38500 (+21%)
SL: 49670 (-2.5%)
(2) Liquidation zone:
TP: 31800 (+37%)
SL: 53250 (-4.5%)
Bitcoin short term analysisIn my opinion, Bitcoin is returning to its downward cycle and the deception period is over.
In the time of 15 minutes, a rotation signal has been issued, and by removing the correct position in the range of 45,000, we will have sharp drops again.
In terms of time, 2023 was a kind of rest for the market, and 2024 will have the main bleeding...
Not financial advice
BTC/USDTP (1D) - LongElliott Wave on the Daily looks to be playing out - has been for a while.
TPs = My Wave-5 "area" (3 x dotted blue price markers). No timeline, but I may update the post with one later. Price just needs to stay within the Elliott Wave range.
Invalidation = high volume close below wave-1.
Invalidation = Wave-5 has already hit, giving an ABC correction down to the red 1.618 marker (or even lower).
This has been playing out for ages on the Daily so I'm pretty bullish to at least 36K.
Let's see.
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Important analysis of Bitcoin price in daily timeBitcoin is gathering liquidity to capture the momentum of the big drop.
Price is completing its reversal pattern and pulling back to its broken $40,000 support.
Bitcoin gives its support at $15,000 and the eng DP on the left side of the price confirms this.
But at the moment, no turning signal has been issued to me and I am waiting for confirmations for the price to return from the dangerous red range.
Whales are on sale.
Not financial advice
$BTC New Trade Open! Based on our 4H TF we were waiting for reasons to buy inside the green box!
Today we wait so much to find our reason to make buy!
Reasons for This Trade
Liquidation and Fake Break closed above
Another 1H Inside Bar for our confirmation
Waited for price to come back above this IB Candle and opened trade
Risk: 2%
Entry: 30126.8
Stop: 29680.0
Targets: 31127.3, 31780.0, 32427.5
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!
Double Three Correction(WXY) by Bitcoin#️⃣OKXIDEAS(Shor term)!!!It seems that Bitcoin needs a support zone to complete its pullback, which completes the Double Three Correction(WXY) .
The end of wave Y can happen in Price Reversal Zones(PRZs) and Time Reversal Zones(TRZs) .
💡Of course, the reason for the complexity of the corrective structure is the low volume of trading on Saturdays and Sundays.
🔔I expect that after the confirmation of the end of wave Y, Bitcoin will at least fall to the support line and most likely succeed in breaking this line.
Bitcoin Analyze ( OKX:BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin volatility index - Waiting for a volatile November
The Bitcoin volatility index is near an all-time low level that is around October 2018 low.
I have already compared these charts (see below).
The fact is that after such a decrease in volatility, there is always a big move.
The question of up or down is the eternal question of most people in the market.
Locally, I think there will first be an upward movement with liquidations of short positions and then downward.
My opinion has not changed since November 2021 - we are going down and already near the bottom. For this, we lack the last dive down with multi-billion dollar liquidations of large and small players in the market.
Who benefits? Manipulator.
Who is the manipulator? The largest crypto exchanges with futures trading like - Binance, FTX, Bybit, Okex, Huobi, and others.
For those with a short memory, remember when Binance bought Coinmarketcap - after the covid fall in 2020.
Best regards,
EXCAVO
10 Down 20 to go: The crash trade's updateHello traders!
Welcome back to another episode with Analyst Aadil1000x.
We are moving with the market and now we are in 10% profit and now 20% to go. With the 10x leverage it's 100% profit.
There is a new TR point at 21552 and expecting a reversal exactly from there
I am expecting a breakout of this pattern soon and a strong drop after a breakout.
Don't forget to give some boost and follow to stay connected.