Bitcoin Falling WEDGE!CME:BTC1!
CRYPTOCAP:BTC is still in the falling wedge we have been following for a while now.
For Long Ideas: We are waiting for reaction in highlighted Zone 24k to 25.6k for possible target to 30k to 31k zone.
For Short Ideas: Waiting on bearish retest of the same Zone and possible targets are 21k, 20k zones.
Today FOMC Interest Rate Decision data comes out at 14:30 EST. Previous 5.25 Forecast 5.25.
On larger time frames these events have smaller impact. Scalping ideas can plan for the volatility on lower time frames.
200D MA must hold to prevent further downside.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Btcusdtshort
BTCUSDT at daily resistance, likely to move down to 26060The price has hit the daily resistance DR1. It is likely that the price will be pushed back from there. The next hourly support is around 26060 and I think price will head there. Therefore, the target of this short trade should be 26060. The price has already been pushed significantly while penning this idea.
Bitcoin Head & Shoulders!BITSTAMP:BTCUSD
Bitcoin has a really interesting head and shoulders even on 1D.
The aggressive neckline has broken and provided 5.84% gains on a short.
Waiting for confirmation via:
1. Plan A: Bearish Retest of Neckline for short to possible pullback zones 25.2K and 24k levels
2. Plan B: Fake-out of Neckline for Long to first to 31k
Future markets open in about 3h 34m
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
MATIC - Are we Going to DOUBLE BOTTOM!!KUCOIN:MATICUSDT
CRYPTOCAP:BTC sitting in the huge Head & Shoulders provides ideas for possible downside.
You can see my idea here: tinyurl.com
Price action is lurking around below the neckline after breaking it. Possibly a build up.
Once it moves we activate our plan.
CRYPTOCAP:MATIC looks interesting sitting in a Falling Wedge and could we get a Double Botton for upside break or
would we need to wait for this at the Possible Pullback level should CRYPTOCAP:BTC breakdown.
My regular followers know I like to have a Plan for my Long and Short but with clear Action and Trigger points so that I can execute like a bot and play my edge.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
BTC Short Term TROUBLE -Sub $25K LikelyHi Traders, Investors and Speculators of Charts📈📉
After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a double top formation in the daily timeframe. This technical pattern typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
Considering these factors, it is prudent to exercise caution and be mindful of the prevailing bearish sentiment in the market. Traders and investors may need to reassess their strategies and potentially explore short-term trading opportunities that align with the current bearish trend.
________________________________
I've been consistently bearish in my short term outlooks but bullish longer term, as seen below:
However, I remain BULLISH for the longer term and do not expect us to drop any lower that $23K.
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CryptoCheck
BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD CRYPTO:BTCUSD CME:BTC1! BINANCEUS:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT BITFINEX:BTCUSDSHORTS KUCOIN:BTCUSDT OKX:BTCUSDT
📈BTC analysis near US Retail Sales📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hey everyone, first take a look at my previous BTCUSDT & ETHUSDT analysis and positions.
Bitcoin may experience growth to 28K near this month's Retail Sales release.
The trend is still bearish and the price takes another step for further correction with each rise.
Next station for BTC is near 200EMA (25200-25400).
Don't forget to risk-free your position.
Please share ideas and leave a comment
let me know what's your idea.
CrazyS✌
Bitcoin | Seeking for LiquidityWe see that the price is looking for a bearish liquidity.
Since the general trend is in the downward direction, I find it useful to consider each of the rises as a sales opportunity.
Those who have been watching for a while have noticed how weak the price is.
In this search for liquidity, I tried to evaluate the points where the price could go up and down.
With the decision to stop the rate hike on June 14, BTC may see the daylight and make a move towards liquidity in 29K.
I don't think this is sustainable. Because I think we can show a real bull sign 3-6 months before Halving at the earliest.
Bitcoin Flag!CME:BTC1!
CRYPTOCAP:BTC is printing a falling wedge on 1D and looks like possible retest at pullback area 25.2k.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
You don't have to be in a trade. Let Price show you and execute your edge.
Waiting for direction with Plan A Plan B in place.
Potential for:
Long:
Breakout of wedge with target to 31k
Bullish Retest of 25.2k zone
Short:
Bearish Retest of 25.2k with possible target to 21.5k area near the Gap between 20330 and 21110
Breakdown of current level and bearish retest for move to and breakdown of 25.2k level.
200D MA must hold to prevent further downside.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTCUSDT Daily : Finally 25500 touchedHi Guys , Hope you well
Dear traders, as I said in the previous analysis, the price dropped almost heavily with the news about the complaint against the Binance exchange.
Now I expect the price to swing down to the green box.
I remember that according to the news, the price can stay in this box for a long time and I expect it to move towards $32,000.
SecondChanceCrypto
⏰6/JUNE/23
⛔️DYOR
Always do your research .
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♦️BITCOIN HEADING TOWARDS 20K♦️BITCOIN(BTCUSD), shown strong bearish momentum, which can be a strong indication of bears taking controll over. While DXY will be extremely bullish in this scenario it would be hard btcusd to create another bullish impulse.
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BTCUSDT likely to visit daily support around 24296-24696That was a significant drop. It has broken all the low time frame support levels and now likely to head for the next daily support. It seems the path is very clear for the BTCUSDT to move to daily support zone around 24296-24696. The price hitting that support would give a very good long opportunity as there will be enough liquidity to move the price significantly upward.
📈Bitcoin 30min setup for the weekend📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hey everyone, first take a look at my previous analysis and position.
Bitcoin may experience growth to 27350. The trend is still bearish, and the price takes another step toward further correction with each rise.
Don't forget to risk-free your position.
Please share ideas and leave a comment.
let me know what's your idea.
CrazyS✌
Bitcoin Head & Shoulders Still in Play!CME:BTC1!
CRYPTOCAP:BTC is still in the head and shoulders.
My original idea was posted on this link: tinyurl.com and can be referred to.
Price Action is printing a downward channel providing ideas for a possible retest at the 25.2k zone.
But the price action stays in the pattern until break of structure.
Plan A: Short to 24k and possibly 21k ... (you could possibly get higher entries if the price is going sideways).
Plan B: Long on successful retest with first target to 31k and on successful SR Flip to 45/48k!!
Step by step - let the price come to you at an area of value and enter on trigger.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Bitcoin Analyze (Road Map, 05/31/2023)!!!🗺️(1-hour time frame)Bitcoin is still moving in the descending channel.
Also, Bitcoin is moving in its main bearish wave 3.
I showed you the 🗺️Bitcoin roadmap🗺️ in 1-hour time frame using Elliott wave theory.
Bitcoin Analyze ( BTCUSDT ), 1-hour 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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BTCUSDT ➡️ TR prz Bitcoin in TR PRZ price is fluctuating,
🌐 my opinion about its price movement is to see lower floors,
according to the price gap of a few percent yesterday, this analysis is more confident than before.
make money 🔥
❌❌❌ What do you think about the Bitcoin price trend? Share with me ❌❌❌
📈Bitcoin may retest 27274 level📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hey everyone, first take a look at my previous ETHUSDT analysis and position.
Bitcoin may experience growth to 27274. The trend is still bearish, and the price takes another step for further correction with each rise, specially near stop-hunt level.
P.S: If the price stays above 61.8 fib level, bitcoin can go higher even above 27500 level. Don't forget to risk-free your position.
Please share ideas and leave a comment
let me know what's your idea.
CrazyS✌
BTC/USDT: Formed a falling wedge.BINANCE:BTCUSDT.P BINANCE:BTCUSDT.P
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
Alright folks, Let's take a quick look on CRYPTOCAP:BTC , There's a formed falling wedge on daily TF and I believe that this formation could lead the price to the lower levels.
You might ask yourself why?
Well, The reason is that the last formed DARVAS box at $29000 - $32000 and the historical weekly S/R zone formed around at $28800 are rejecting the price here and filled the potential with bearish momentum, So on High TF, There's a high chance for CRYPTOCAP:BTC to gets the ladder to the lower support at $24700.
But the problem is that we can't locate a good entry for Our SHORT after the pattern breaks down (Breaking below the falling wedge).
So, We'll head to lower Time-Frame charts for better understanding of the chart!
Before that, Let's review our Factors on the current chart:
- CRYPTOCAP:BTC has formed a falling wedge and it can lead the price to the lower levels.
- If Price break below the pattern it won't be a tradeable movement, Cause it's going to be a neutral movement towards $24700.
On other hand, For those who are looking for opportunities:
- If CRYPTOCAP:BTC breaks above $28300, We'll have the chance to enter LONG towards $32000 if with a hold above the marked S/R line!
- If the price rejects below $24700 on daily TF, Then it's more likely for CRYPTOCAP:BTC to dive to the lower supports at $22850, $21650 and $20450.
Let's take a quick look on the 4H's chart too 😉
As you can see, There're two potential Price voids which are solidly made by liquidity candles (Explained it as on TV account).
So, As CRYPTOCAP:BTC gets the rejection from the higher order-block, I would like to set my eyes on the lower support at $26500, If CRYPTOCAP:BTC lose the support there, The it'll be likely for Price void to complete the pattern (Dive to $25300 with liquidity candles).
Also, There'll be more rejection if CRYPTOCAP:BTC break below the support zone at $24250, In that case;
Aside of Price void formation, There'll be high chance for CRYPTOCAP:BTC to reach $18K and $15K again! (Even lower if I want to be clear).
But, On other hand, If CRYPTOCAP:BTC breaks above the S/R zone located at $28300, As I said on High TF chart, Then there'll be a chance for bulls to show the growth towards $30200 one more time and test the resistances till $32000.
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
HelenP. I Bitcoin may break trend line and continue to declineHi folks today I'm prepared for you BITCOIN analytics. After reaching the mark 29800, Bitcoin began to fall and reached the zone 28300-28115, from which it rebounded. The price made a slight correction, continued to fall, and broke through the current support zone. Dropping to the level of 27250, Bitcoin rebounded, rose and re-tested the resistance zone 28115-28300 continued the downtrend and tried to break through the support at level 27250. Price, not fixing below, made an upward correction and only then broke through it and continued to decline. Rebounding from the level 25800, the price began to rise and created an ascending wedge in which it traded for some time. Recently, the price broke through the support of the wedge and left it and, after a re-test of the current resistance, continued to decline. Bitcoin reached the trend line, tested it, and bounced. Now the price is trading close to the trend line and may continue to decline and break through it. It seems to me that Bitcoin may continue the downtrend, so the goals will be set at level 26500 and 26125. If you like my analytics you may support me with your like/comment ❤️
BITCOIN : NGL Looking Bearish 😐 Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
From the short term / daily perspective, Bitcoin has turned bearish. These reasons are pointed out on the chart, including a few very clear chart patterns. There are a few things I can think of that may be causing this short term selloff:
👉 Market Correction: Cryptocurrency markets are known for their volatility, and periodic price corrections are common. After experiencing a significant surge in price, it is not uncommon for investors to take profits, leading to a temporary decline in the price.
👉 Regulatory Concerns : Government regulations and policy decisions can have a significant impact on the cryptocurrency market. Negative news regarding regulatory developments, such as increased scrutiny, potential bans, or stricter regulations, can lead to market uncertainty and a decrease in investor confidence. Regulatory actions in major economies can create selling pressure and contribute to a downward trend in BTC's price.
👉 Whales whaling around, causing an even larger sell-off as the price of BTC drops and Technical Indicators turn bearish on the daily
I t's important to note that I'm only short until FWB:25K , at which point a bounce is possible.
If you missed it, here's an earlier analysis regarding this exact support zone and it's importance for the price of BTC :
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