Btcusdtrading
BTC: Is it about to start a decline?
After a long period of fluctuation, the market has finally started to experience a downward adjustment. If you have a short position, you can now breathe a sigh of relief. My personal recommendation is to take advantage of this opportunity to reduce your position on dips.
As for long positions, we can start building positions now. The key support level is at 25K. Conservative traders can wait for the market to adjust to around 25-25.5K before entering the market, while those with large funds and aggressive strategies can directly buy on dips below 27K. Control your position size and aim for a breakout above 30K. I will continue to update my views and strategies on Bitcoin.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
BTC, Laught now, Cry laterBTC last correction is ending, next is heading to negative value
As we can see, comparing to oil chart during the covid crash, when in extreme market conditions, too much "dumb money" on same side, sharks take use of that to make big money while all the dumb money bets on the same side.
100k+ calls are a good example of the dumb money here in this market conditions when DXY is preparing a next leg to the upside.
I expect same conditions as it happened on oil during 2020, more the price falls, more longs will be added to the market, market will get irrational and drop as much as it needs to get all longs out, bellow 0 is a good number to get everyone out of longs
A good trade now, a short at any price, SL placed above 30k
And TP bellow 10k
Check previous charts as I predicted euro crash before it happened as well during 2021
Million challenge: Buy BTC @27K
In the short term, the rise of Bitcoin has been hindered and there has been a slight correction as the upward pressure is capped at 28,500. It has been emphasized in previous articles that 25K has become a short-term bottom, and the operation still considers buying on dips as the main strategy, with a target of 30K in mind.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
BTCUSD- Upcoming Big Reversal on Bitcoin!!! hey everyone, BITCOIN spiked up due to collapsed of SVB BANK alongside gold, this is due to the uncertainty that market created. As we are looking for upcoming moves we are expecting prices to be bullish until 28k after we have where we believe that price will reject.
GOOD LUCK AND HAPPY TRADING.
BTC Bearish Market Continuation As expected, after the FED's meeting Bitcoin and the crypto market as a whole is now bearish. BTC hit the first target I had which was $26,940. Now with it retracing I'm waiting for a trend line break to the downside to enter into the market. My next target for Bitcoin will be at the FIB D Extension at $25,214 . Will update once target is hit. Happy Trading!
Has the BTC's decline finally ended?
Following the release of the US NFP and unemployment rate data on Friday, BTC saw a small rebound and is currently trading steadily above 20K. In the short term, it tested support near 19500, and institutional orders continue to suppress BTC prices. Market sentiment remains bearish, and overall trend is sluggish. Some predict that the future trend will fall below 10K, but we will not comment much on these predictions.
As I mentioned in a previous article, I have been buying BTC continuously below 20K, and I am currently making a small profit. However, many traders who are bearish on BTC have questioned my strategy. Unfortunately, currently, 80% of the market does not expect BTC to rise in the future due to the large decline that has caused many to lose confidence and shift their outlook from bullish to bearish. However, what I want to say is that the market can only show you what it wants you to see.
The significant decline is obviously a large-scale sell-off and washout by the main players, hoping to clear out all long positions and wait until the market believes that there will be no more increase before starting to rebound. My strategy is to continue to build up my position at low levels. However, it is clear that the current decline has not ended yet, and there may be another wave of decline to make more people believe in the strength of the bears before ultimately forming a reversal and catching most people off guard. I will continue to update my long-term strategy, which requires a significant amount of capital and a good mindset to follow the main players. You may have a different opinion, but we let time witness the outcome. Please stay tuned, and I will update my strategy in a timely manner.
Bitcoin: Short first, then long.
Despite the fact that the Bitcoin (BTC) price trend should have been boosted last week from the perspective of the US dollar and risk appetite, unfortunately, the cryptocurrency market experienced negative news. According to reports, cryptocurrency bank Silvergate announced that it will postpone the submission of its annual 10-K report for the 2022 fiscal year, stating that "the company is currently analyzing certain regulatory inquiries and investigations related to the company." Shortly after, many cryptocurrency companies and trading platforms, including Coinbase, Circle, and Tether, urgently announced the termination of their business dealings with Silvergate. The news caused panic in the cryptocurrency market and put pressure on Bitcoin prices.
This week's risk events are also relatively frequent, and I think the likelihood of short-term Bitcoin prices rising above 25000 is small. From the 4-hour chart, we can see that the starting point of the last rebound has been breached, so the support level is expected to move down to around 21460. Therefore, the short-term trading range is around 22040-21460.
In terms of operation strategy, investors can trade within this range of 22040-21460.
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BINANCE:BTCUSDT COINBASE:BTCUSD
BTC:Wait for the turning point
Bitcoin is currently in its third consecutive week of decline and has fallen below the 22,000 support level. Given Federal Reserve Chairman Powell's suggestion that interest rates are likely to continue to rise in the foreseeable future, Bitcoin's price has broken below its previous resistance and hit a low of 21,598 US dollars.
As the semi-annual monetary policy statement continues to affect market sentiment, both fundamental and technical factors have contributed to the price trend of Bitcoin. Higher interest rates have a negative impact on risk assets, including major cryptocurrencies, because holding cryptocurrencies does not generate interest income.
As the commodity channel index (CCI) falls into negative territory, technical indicators suggest that Bitcoin may already be oversold. However, as Bitcoin's price lingers around the next psychological support level of 22,000, breaking below this level could further tilt the price downward. The 21,376 US dollar support level from February lows could become the next support level, but it may also be a new turning point. Nevertheless, it must be admitted that breaking this level could bring market attention back to the 20,000 US dollar level. Therefore, it is advisable to maintain a light position in trading.
I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily trading layouts. Thank you for your attention and likes. If you have any questions, feel free to leave me a message, and I will give you the most prudent advice. I hope I can help you.
BTCUSDT Must Have Run! Despite everyone, I am thinking of Short!According to classical analysis we reached the bottom of ascending channel and we should look for upward run!
But as you see in chart, my own developed indicator based on blocks, support and resistance and some other data which is showing the probability of next movement ; indicates that we should face downward for future prices and I believe in what I was developed and coded based on my experience and knowledge of market analysis which I want to share it with you also!
Anyway,
Max upward price : 23200 - 23300 and reaching more than these prices means going to break 25500 and 26000
Break Bullish Block : 21700 - 21500 means going down to 18800 and if more 16600 and even more 15300
Not a special advice for trading just as student of financial market experienced ...
BTCUSD 5mins scalping long entryHello traders,
This is my second post today. Now we will look at COINBASE:BTCUSD . After waiting for a long time today, I finally missed the 5mins shorting opportunity as I was away from the system. But it met my profit target as I expected. But even if that opportunity is gone, now there is another opportunity to take a long entry from 24079.50 to 24291.00 . If this entry is suitable for you then analyze and get down to the long trade.
Trade according to your qualifications
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
BTC - Short strategyBYBIT:BTCUSDT.P
4h time frame
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BTC did a pump after announcing CPI, but still faces the structural resistance (22350~22500)
According to last BTC analysis, we can set final TP at 20900 which is a nice support level to form an inverse HS.
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Entry: 22350~22500
TP: 21200, 20900
SL: if successfully break up this DC(Descending channel)