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.
Btcusdtshort
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
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
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.
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 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%.
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