Btcusdtshort
BTC/USD Short term view!Greetings everyone, it's great to be back with another analysis. Today, I'd like to focus on the daily chart of the BTC/USD pair. As observed, there has been a recent upward trend starting from December 30th.
In my analysis, I anticipate a potential retracement in the month of February. Based on my technical analysis, I have identified two areas which could serve as attractive buying opportunities for this pair. However, it is important to keep in mind that this is only a personal opinion and I strongly encourage all investors to conduct their own research and assess their risk tolerance before making any investment decisions.
In conclusion, I invite you to follow my analysis, but always remember to do your own research and carefully manage your risk.
BTC consolidation confirmed !every detail is on the chart. the only viable behavior is the one depicted on the chart. any other pump or dump is out of prediction.
note that in many altcoins, we are in a Fibonacci support area, so be careful with short positions before breaking those spots. however totally the market is bearish and you should give more credit to your short positions.
the first spot for great support is 19K to 20K. use less short positions as you get closer to this area.
please feel free to leave comments and questions below.
BTCUSDT likely to visit weekly support around 19400 and bounceThe downward pressure did not allow the daily support to produce any significant bounce and that led the expectation from previous idea to be not fulfilled. Since the price has broken the daily support and closed below it, it is likely that it will head towards the weekly support. I believe there is going to be a very nice opportunity to long it from there.
Bitcoin dropped as i predicted Hello dears
You're watching daily time frame and in previous analysis i showed you the channel you see in the chart and i said we were at the bottom of the channel and any candle close below the bottom could lead to a drop and now it's happening and personally i opened a short position as you see in the picture. 18500 is my target and there i will close my sell position and i will wait for another clear pattern to see what will happen.
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BTC 1h✔️update 2 !!!! still going according to the plan
It's all depends on where this range gonna break either 22k or 22.7k then we can say trend is bullish or bearish !
bitcoin possibly is going to go for a up trend range and then a Bearish path to 20990 .
how ever now we touched the s3 and comeback to 23k is still possible but weekly is going for 19.6k
BINANCE:BTCUSDT
BTC 1h✔️update !!!!
It's all depends on where this range gonna break either 22k or 22.7k then we can say trend is bullish or bearish !
bitcoin possibly is going to go for a up trend range and then a Bearish path to 20990 .
how ever now we touched the s3 and comeback to 23k is still possible but weekly is going for 19.6k
BINANCE:BTCUSDT
Bitcoin Move to 150K on a monthly predictionHey guys,
Here's a monthly chart on Bitcoin, keeping it way too simple. (:
I believe the major bull run to 150K area will begin only after the test of 10-12K area. There's even a possibility of a wick to 6-7K when that happens.
Remember this is monthly chart. The chart and the drawings on it speaks for itself so I won't go into details that much.
In 2023, I'm assuming these drops and in 2024, we'll begin the moves with the halving helping the moves as well.
So I've selected investment strategy as short for the time being when publishing this idea but in long term it's still long.
PS: This is not a financial advice! Always DYOR. Cheers!
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 ...
BTC/USD market commentary on 3/3/2023On the daily chart below, we can see that the buyers failed to break the 25K level with conviction and gave way to the sellers. The top came exactly at the previous August 2022 high and the divergence with the MACD signals that the price is likely to fall back to 21500 level which is the first target for the sellers.
There was some uncertainty in the market given the talk of seasonal factors skewing the economic data based on the month of January, but since the S&P Global US PMIs are based on the recent month of February and they came out strong, the market got that extra confirmation that things are really turning for the worse.
On the 4 hour chart below, we can see that the price has pulled back a bit into the 50% Fibonacci retracement level and it’s now eyeing a breakout to the downside of the counter-trendline. The breakout will be the signal for the sellers to start piling in with the target at 21500.
Yesterday, the market got some bad news again from the ISM Manufacturing PMI which showed a notable bounce back into expansion of the “priced paid” sub-index, used as a proxy for inflation. The market is increasingly worrying of another wave of inflation and a more hawkish Fed. These are bearish developments for the crypto market.
On the 1 hour chart below, we have a more closer look at the near-term price action. For the sellers the breakout of the counter-trendline is the one to watch, while for the buyers, the breakout above the 24000 level would give some hope for another test of the 25000 top.
Tomorrow, we have the ISM Non-Manufacturing PMI which is another key economic report. Strong readings will push the prices even lower, while weak data may give the buyers some relief.
Recommendations for trading BTCUSD:
SELL BTCUSD ( 24.200 - 24.000 )
Stoploss : 24.600
Takeprofit 1 : 22.700
Takeprofit 2 : 21.500
Takeprofit 3 : 21.000
BUY BTCUSD ( 20.800 - 21.000 )
Stoploss : 20.500
Takeprofit 1 : 21.700
Takeprofit 2 : 22.300
Takeprofit 3 : 23.500
Note: Always install TP and SL in all cases
BTCUSDT daily support held well , the bounce has strength The 4h + daily support has held the price very well. The daily candle is also looking very nice and with strength. The likelihood of the price to move further higher is quite high. Though price is currently at resistance and might face a bit of pullback, the outlook is looking bright for the long side. I am on travel since yesterday and yhats why no chart updates. But I will try to find some time and post some analysis with direction and target from my phone of possible. Till then enjoy the BTC moves.