#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.
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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 breakout this local support which is around the $20300 level and currently BTC facing 100 ma as resistance
if we break out this 100 ma resistance and closer the daily candle above it then the price of BTC may rise to 24.7K$.
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
Btcusdtshort
bitcoin short from 19k to 13.3kmacro factors:
federal reserve quantitative tightening
money being sucked out of most markets
technical factors:
being supported on a grind line with each bounce being sold off more and more aggressively.
this confluences with the price action we see on many different alt coins ada especially which broke its descending triangle to the downside.
technical target: USD 13,375
stop loss : USD 19800
good luck and namaste
Bitcoin | Tries to break a scheme from 15 August-Since 15 August we put lower highs as you can see easily.
- If price break above 19.700$ this resistance line will be broken but it doesn't mean we will go into the uptrend. Also be careful about fake break outs/stop hunting around 19.900$ levels.
- If we broke the resistance it doesn't mean we go to the uptrend immediately because as you can see we broke a resistance 11 August and we went through another on 15 August so be careful.
- An interesting fact that last time we stay under the last resistance from 31 May 2022, 71 days 20 hours and broke it (even if for a couple of days)
- Now today's daily close will be exactly this far away from 15 August.
- I don't see bright days for BTC for a while because of global economy collapsing possibilities but last couple of weeks BTC diverged from the NASDAQ and less volatile at it's strong support level is a good fact for longs.
- Still you have to consider that there will be some more hard days for BTC and it has to resist for crushes. Closest event is Fed Press Conference at 02 November 2:00 p.m. FOMC Meeting.
📉✌BTC 30Min Short Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
💥Three Drive pattern💥
between now and the yellow area, you can open a short position in two steps.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
BTC 12k?All structures move in 5-3-5 stricture naturally.
Looking at the move to last ATH i count 5 moves u on the daily and now we are in 3 wave down, with the criteria for a wave C according to Elliot Wave theory:
Wave C often reaches 161.8% of the length of wave A in an Expanded Flat. --> its not an expaded flat IMO
Wave C has a length of at least 61.8% of wave A. It could be shorter in which case it normally is a failure, which foretells an acceleration in the opposite direction. Criteria reached ✅
Generally wave C is equal to wave A or travels a distance of 161.8% of wave A. --> possibly wave C and most common is that wave c is 1:1 ratio to wave A which according to the fib will bring us to that 12k are in line with descending wedge, target
BTC/USDT :: Short or Long ?!?BTCUSDT :::
Currently, the price is in a certain range, which has caused the price to remain stable. If you check the first encounter with this range, it is related to 2017. Therefore, the best strategy for such conditions is to wait for the price to find and stabilize its direction. By leaving this range , it will start a fast process. After leaving this range and stabilizing it, transactions with lower risk can be made.
<<< Good luck >>>
SHARP DROP INCOMING FOR BTCReplace making a lot of draws and use complex indicators i prefer to do it simple as always
BTC is GOING TO RETOUCH 19700-19900 ZONE SOON (Mostly today) and A SHARP DROP TO 17 K ZONE in next 48H
TP1: 19850 ( Safest one - You can go up to 19999 ) *personally would not long in the current worldwide situation*
TP2: 19K
TP3: 18500
TP4: 17670
Will btc touch 17K Zone by tomorrow?Every thing is CLEAR on the chart
from OCT we had a trend between 19000 to 19400 which got thinner by TIME
We had a real uptrend to 20200 Zone which could not break the res and we retested 19200 support again
another FAKE uptrend to 19900 and retested the 19200 again ! ( The lost support )
What i expect is an uptrend to 19500 ZONE (Very small chance) before 17K OR with out it we go directly to 17K ZONE !
To me the risk VS reward is great so i short BTC From now with small leverage with STOP LOSS of 19340
So to me retesting the 20200 zone before the big drop is not a good idea (we already done this before in this month)
*ALWAYS DO YOUR OWN RESEARCHES - MARKET IS NOT PREDICTABLE*
#BTC: The bottom is in!🥶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
As Per chart #BTC is currently trading in Descending Triangle in Daily Chart which is a bearish pattern.
Now Two Scenarios:-
Scenario 1:- if BTC breakout Upward $20600 and the Daily candle closes above then We can see a 54% Upward move toward $31800
Scenario 2:- If $BTC failed to Hold Recently Bottom or Support Level $18000 then we can see $12000-$13000 Level.
So Watch closely and trade.
Support:- $12800
Resistance:- $20600/$25000/$31800
I know everyone is talking about this descending triangle pattern, but IMO BTC Will Surprise us As It Did Before The Start Of the bull run on July 2O21
Stay tuned
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