BCTUSDT: Am I a bear or a bull?Should we consider that the BTC price has turned around and a new bullish cycle has begun?
Should we consider that the price of BTC is still at risk of decline?
The answers to both questions are the same: yes and yes.
The day before I took an ambiguous position in the market: I opened short sales, but I also opened long positions.
The market structure was telling me it was mixed: on one hand some coins made great patterns to sell (like OPUSDT ), but others had good patterns to go long (like BCHUSDT ).
I calculated that some positions will be closed with stop losses, and the other positions will compensate for the losses.
This happened.
What conclusion can be drawn?
You should always have a "just in case" plan and follow trading rules, regardless of other people's preferences or the media.
Regarding the BTC price
Anything is possible in the markets, even things that seem impossible.
I have adjusted the wave count according to the current changes.
Locally, the timing says that the market bottom has been established so far after all; it's not that simple, but it's worth looking ahead and planning a trade according to the rules.
The price can continue its bullish cycle with prices reaching above $33,000. For this case, it is worth planning a trade according to the rules of trading in impulses.
The price can continue a bearish cycle too. It is worth being careful and keeping in mind that for now the price is in the risk zone (possible bear market cancellation level is $33,000).
I believe that only fools and short-sighted people stick to one side of the market. It's very costly in the long run; especially when opinions don't change very quickly, according to the new rules of the game.
Good luck to you, and take care of your assets.
Best Regards,
CEO Tornado Capital
Btcusdtshort
BTCUSDT: Elliot Wave Intraday TradingHello everyone
Bitcoin price has formed an upward correction in wave 4, after which it may continue to decline rapidly in wave 5 of wave 3 (in medium-term wave 5 of wave C in ABC wave pattern).
The general dynamics in the derivatives market is a bit strange, so I marked a critical level of activation of alternative versions of the situation.
I do not publish the alternative scenarios yet due to their ambiguity.
In general, now is an excellent place to open a short position with excellent risk to profit parameters.
It is possible to open a short position now and increase the volume on a breakdown of the minimum of the current wave 3.
Best Regards,
CEO Tornado Capital
Bitcoin potential correction downHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Bearish Flag formation in 1D timeframe..!!
So far, So Good but In the Worst Case, If the Flag is Broken Downside, Expect Bearish Wave towards the 14k.
If BTC breaks this red line resistance then the chart will be invalidated.
1. The key support area of $ 20900- $ 20746.
2. $20900-$20746 were broken, it will keep falling to test the lower edge of the box and the key support of the month.
3. The key support of the month has diverted to $18317.41, which either holds and sees the price jump up to break the turning point and go up higher OR is broken and BTC plunges further.
Fed’s rate hike expectation: +75bp (77.5%) / +100bp (22.5%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
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BTCUSDT: Elliott Waves Intraday TradingBitcoin price continued its decline in wave 5.
I did not have time to open a short position as I expected a longer correction in intermediate wave 2.
At the moment, I plan to open a short position at intermediate wave 4, after which I will expect an acceleration of price movement downwards.
I do not consider opening long positions yet.
Best Regards,
CEO Tornado Capital
#BTC UPDATE #BTC/USDT ANALYSIS
It breakdown mid-range and currently holding above the mid-range and golden pocket. If it is retested successfully below the mid-range and breakdown the order block then there is a possibility of testing the ascending trendline or the previous lows.
stay tuned
Do not consider financial advice.
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BTCUSD: Elliott Waves Intraday TradingThe price of bitcoin once again updated the local minimum.
I continue to consider 2 scenarios of development of the situation:
1) The price formed 3 impulses in a row to start a deep decline. The opening of a short position is relevant at the breakdown of the minimum of the last wave 1.
2) The price will continue to form a correction within wave 4, completing the expected wave C at about $25,000. It is possible to open a long position on a breakdown of the maximum of wave 1 as part of the presumed wave C.
Overall, the situation has become more complicated. Many structures were broken and at the moment I closed some long positions with a small loss and am watching the situation.
I plan to open any positions when the identification of good patterns of continuation of local trends.
Best Regards,
CEO Tornado Capital
Kiss of Death at the Weekly ChartHere is my first idea published after years in tradingview.
There's a clearly "kiss of death" printed on the weekly chart at the 200 Simple Moving Average.
Also, remember that its the first time in the history of Bitcoin that it closed under that 200 sma (with the body of the candle).
I don't know (keeping in mind a lot of indicators which I use) if the bottom is in or not (and I doubt that 99,9% know it) but this is a very negative signal.
So for next days, maybe weeks, i'll remain shorting this market.
I'm listening for more ideas related.
BTCUSDT: Elliott Waves Intraday TradingThe bitcoin price found resistance at $24,000.
I was waiting for clarification of the situation to understand what structure the price may be in at the moment and what to do now.
On the one hand - 2 impulses were formed downwards, which may become a starting point for the start of strong sell-offs; on the other hand - the upward movement may continue within wave C of wave Y, forming a bearish wedge.
In such a situation it is possible to open a long position, but take into account the fact that in case of a negative scenario it is necessary to quickly make a decision to roll over on short sales.
I plan to sell bitcoin at the end of the wedge, or at the breakdown of the low of wave 1 as part of the descending momentum repeat pattern.
Best Regards,
CEO Tornado Capital
BTC: Will this Bearish patterns will be invalided!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
It is retesting above daily support level after clearing liquidity above it. As it has done break of structure after giving a close above the previous HH region. So there might be a possibility of creating another higher low before an upward move, if it give a successful retest above the marked support levels.
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#BTC breakout this Descending Broadening Wedge!!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 considered as financial advice.
#BTC(Update)
Bitcoin breakout this Descending Broadening Wedge in 12hr timeframe .
We can expect a good rally from here but IMO never trust BTC in case of breakout it’s always surprised us.
Majority of Traders/Influencers were Talking about 10k-12k-14k in case if BTC did fake out this breakout.
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BTCUSDT - You should wait for the new accuulationWhat do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones