Btcusdtrading
Btcust Wyckoff Accumulation Setup bull run 14k+ or 13.5k+Btcust Wyckoff Accumulation Setup
bitcoin also completed Accumulation Phases A,B, so now we are in Are Of Accumulation Phase C ..
our spring Area will be 14k or 13.6k+
after retest we can Buy or hold Bitcoin ..
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring.
Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume.
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
BTCUSDT ShortThe price is currently forming a ranging pattern.
I anticipate that the bearish momentum is still building up, and the price will break out forming a bearish pattern.
My entry price is 17000, with Targets at 16500, 16000, 15500 and 15000.
My stop loss is at 17500 and target R:R is 1:4
Remember, risk only 1-2 % of your account.
BTCUSDT
Bitcoin support levels - 20500$ and 20000$ strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - $21300$ and 21900$ strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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After getting rejection from 50 EMA on daily timeframe, Bitcoin is trying to test the resistance again therefore we need to see bitcoin's upcoming movement, Bitcoin would have higher probabilities to move to the upside if Bitcoin closes above 50 EMA on daily chart. Bitcoin dominance is going down which was the reason altcoins performed better than bitcoin.
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Update
BTC breakout this local support which is around the $20300 level and currently BTC facing 100 ma as resistance
if we break out this 100 ma resistance and closer the daily candle above it then the price of BTC may rise to 24.7K$.
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Will BTC continue the downward movement?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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#BTC Update
#BTC is trading inside this descending channel, and as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal BTC needs to break out of this channel.
BTC is forming this descending triangle pattern since 145D, as we know this is a bearish pattern, but to conform to any move we need a breakout or breakdown of this pattern.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
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BTCUSDTCRYPTO MARKET
Pakistan Time: 05:30 AM
Bitcoin support levels -19,000 and 18600 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 19,500 and 20,000 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds kay sath.
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Analysis
BTC support is at 19,000 and resistance is at 19,500. BTC daily candle was RED closing at 19176, 198 less than the previous closing.
During weekends volume is low as mostly all global financial markets are closed.
BTC below EMA 20/50/100/200 both at 1 hour and 4-hour timeframe. However, at 15 minutes timeframe, BTC is trying to take support from EMA 20 and a break towards 19355 can lead to 19500 resistance. However, if EMA 20 support does not take place testing towards 19000 support will also be possible. Trade carefully and manage risk according mentioned support and resistance levels.
#BTC is at support, What's next? Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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BTC UPDATE
BTC is still playing into this ascending triangle pattern currently it is at the lower support of this pattern IMO BTC will bounce from here but in case any candle closes below this lower support of this pattern then the chart will be invalid and then it will drop towards the lower support which is around 18k.
Stay tuned and don’t forget to like this chart.
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
#BTC is still trading in this ascending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
BTC UPDATE
BTC is still playing into this ascending triangle pattern currently it is at the lower support of this pattern IMO BTC will bounce from here but in case any candle closes below this lower support of this pattern then the chart will be invalid.
Stay tuned and don’t forget to like this chart.
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
#BTC is forming this ascending triangle pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
BTC UPDATE
BTC is making this ascending triangle pattern currently it is at the upper resistance of this pattern IMO we may drop one more time to the lower support of this pattern and then we can expect some good bounce.
We do confirm this pattern we need a conform breakout and retest of this pattern then we can expect a 12% bounce according to the pattern.
Stay tuned and don’t forget to like this chart.
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
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC/USDT ANALYSIS
BTC is on the verge of a long-descending trendline. MACD crossover appears to be bullish. RSI is indicating bullish divergence. 2017 bull run high is acting as key support. October is generally a bullish month, yet the most significant is an effective breakout to look for the bullish affirmation.
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BTC Market Analysis 29/09/2022BTCUSDT pumped after the breakout of its symmetrical triangle but later it got rejected from the horizontal resistance which was also the main target of this symmetrical triangle. Currently $BTC is now trading above its key support levels which are marked in the chart i drew above.
If we see some Bullish Momentum here then there will be a bullish sign for BTCUSDT and overall ALT markets, on the contrary if there is a succesful breakdown below the current demand zone, it will then confirm a bearish move in the BTCUSDT and overall cryptomarket.
Let me know what you think!
MetaFutures.
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC(Update)
BTC is forming this expanding triangle pattern in the daily time frame.
currently, at the lower support of this pattern, we can expect a bounce from here according to the pattern but In case a daily candle closes below this lower support of this pattern will invalidate this pattern.
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
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
#BTC: What will the next move?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is making a descending triangle pattern which is a bearish pattern but we have these two important support 18.8k and 17.8k. If it can hold this support then we can expect a bounce back soon.
If BTC breaks down and closes below this support level then the descending triangle will play its part.
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Thank you
#BTC AND USDT DOMINANCE COMPARISON!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction.
Tether Dominance
- Just as Bitcoin dominance refers to Bitcoin's market cap relative to that of the entire market cap, Tether dominance is no different.
- It refers to how much capital is parked in stablecoins, specifically Tether, at any point in time.
- Since Tether (USDT) is a stablecoin that tracks the USD, an increase in Tether's dominance suggests a pullback or correction in cryptocurrencies.
- A simple way to understand it is to think of USD flowing in and out of the market.
- On the other hand, if Tether's dominance drops, it means that more capital is being deployed to purchase cryptocurrencies, which is bullish overall for the market.
- If you look at the graph above, you'll clearly see the inverse correlation between Bitcoin (orange) and Tether dominance (black).
- Key support and resistance zones for Tether dominance are marked as well.
- As we're currently trading slightly above local support, marked in green, if we see Tether Dominance fall below those levels, we could expect Bitcoin to continue rallying upwards.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
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#BTC SHORT TERM UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC(Update)
As I mentioned, BTC broke this bearish flag pattern in the daily time frame currently, it looks like retests of this pattern which is not suitable for the whole market, according to the pattern it can drop up to 42%.
In a shorter time frame it lying on this local support and it is making this expanding triangle pattern we expect son pule back from here.
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
BTC: retesting this flag pattern! which does not look goodHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC(Update)
BTC breakdown this bearish flag pattern in the daily time frame.
currently, it looks like retests of this pattern which is not good for the whole market, according to the pattern it can drop up to 42%.
In case a daily candle closes inside the flag pattern then the pattern will be invaded.
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