BTCUSD another drop ahead?BTCUSD(Daily) is in long term drown trend except for last month some expected retracement to the upside. As the price currently testing the previous support as resistance, it is a high probability that the price continues to drop as the bears are very stronger than the bulls.
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Btcusdtshort
BTCUSDT: Important UpdateI revised my trading plan for BTC again: I believe that there is a high probability of a serious bullish rally start in the next 1-2 months.
The correction within wave 2 or B is most likely over.
At the moment, BTC overcame the boundary of the descending local trend line, as well as formed a group of initial impulses.
I plan to buy on the breakdown of the revers local trend point, after the completion of the small wave 2.
1D Ichimoku.Hello.
Note that we have a rejection of EMA50 and at the same time the candle fell down from Kumo cloud.
And also tenkan-sen has been broken.
I also expect a break of the kijun-sen.
See my previous chart, where I point out death cross from EMA100/EMA200 on 3D chart.
The price has failed to break out of the channel and a test middle of downtrend channel is forthcoming.
During this year price will reach $10,000.
Not ready to say yet if the price will go lower.
A lot of buying pressure will be waiting at this level.
Stochastic falls and SQZMOM brings only 1 gray cross, immediately changed to black.
BTCUSDT | Analysis 05.08.224H - HTF BEARISH
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*Kindly recommend to watch and genuinely study all the trades I posted to see the needed similarities and objetivity, to easily understand the mechanical thought process behind correctly analyze every market/instrument.
No indicators neither price action and chart patterns subjetivity, no unuseful retail strategies.
*SEE THE MARKETS HOW PROFESSIONAL TRADERS & INSTITUCIONS DO, EVEN IF YOU ARE A RETAIL TRADE. ONE CAN BE A PROFESSIONAL TRADER AND AS THE SAME TIME TO BE A RETAIL TRADER.
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*Judge me in the next 10 trades, and see how profitable is this philosophy by yourself.
King regards,
Daily BTC SHORT reviewHello everyone, let's take a look at the BTC to USDT chart on a 15 minute time frame. As you can see, the price is moving in the local downward channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,573, if the support breaks down, the next support is $ 22,552, $ 22,528 and $ 22,495.
Now let's move from the resistance line as you can see the first resistance is $ 22,652, if you can break it the next resistance will be $ 22,713 and $ 22,777.
Looking at the CHOP indicator, we can see that in the 15-minute interval almost all energy has been used and the MACD indicator confirms the local downward trend.
BTCUSDT: An ambiguous situationThe BTC price continues to correct within some of bearish structure.
I am still not taking any trading action due to the ambiguity of the situation.
In case a bullish momentum is formed, I will look for a place to open a long position: e.g. after the price breaks the local downtrend line.
In general, there is a feeling that a wedge pattern may form; whether it will be the end of the bullish dynamics is almost impossible to predict at the moment.
BTCUSDT: Elliot Wave Intraday TradingI have made certain adjustments to the current count of wave levels.
On the one hand, as before, there remains a risk of continued bearish dynamics and updating the historical low in the current phase. For that, the price needs to make a sharp jump to the $29,000 level.
On the other hand, an emerging bearish wedge could be the beginning of a sharp change in market sentiment.
Locally, the pattern may lead to a sharp decline in price, but subsequently it may be a local correction, which will become a starting point in the beginning for a medium-term price growth.
I'm still watching and planning the trading actions on the alts, because the productivity of trading operations on them is much higher.
I recommend to use patterns that are formed on BTC to plan trading on more volatile coins, which have some correlation with bitcoin price.
#BITCOIN | JUST BUY THE DIP!!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 it as financial advice.
Bitcoin Bears have been in Complete Control Since November 2021 (+60% Correction so far) Seems like Bitcoin is Bottomed out & this is the last DIP Before #BullRun2023
Bitcoin has been Consolidating in EXPENDING TRIANGLE Since January 2021.
BTC Closed above the 200 Weekly MA, This is good news for the bulls.
Keep in mind that Always wait for Breakout & Candle to Close for Confirmation.
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
Possible Short position for BTCUSDTHello Traders
Momentum has been slowed down since price reached 24k area.
Also we can see a fake breakout.
Furthermore BTC.D has been weakened, it means buyers haven't interested in buying BTC at this levels.
It is possible that price is going to fall in next few days.
Thanks for Reading
-RC
BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
BTC: need to break 24k resistance for more bounce!!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
It bounced from the order block after doing deviation below the mid-range and currently it is facing range high resistance. MACD crossover is showing bullish momentum. A successful breakout above the range high is the confirmation of a bullish move, while continuous rejection will take it to retest the mid-range again.
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
Bitcoin Short Term Analysis (Scalp)Seeing a large wedge top and a double top in higher timeframes as well as a nested wedge top in smaller timeframes, plus a failed breakout from TR seems like the bulls who were trading based on momentum now are trapped and after the few bearish bars will give up and sell to get out breakeven or with a slight loss, expecting a minor pullback from this area making it an excellent short scalp!
NFA