📈Quick BTCUSDT Setup using Bollinger Band📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders.
In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
Otherwise, the downward scenario begins.✍
Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍
Which scenario do you see as the winner in the current structure?💥
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
Btcusdtshorts
Unpopular opinion, but someone had to do itCongrats all Bitcoin holders, on breeching the $45K mark.
However, take caution if you're derivatives, or keep your eyes peels if you miss the boat and are looking to get it.
Zoom out. Go to the weekly time frame of BTCUSDT.
1) BTC is approaching a weekly liquidity grab zone (46,382 - 50,268)
2) I'm looking at a liquidity grabbing event at that area, with an average of 15-20% dip on BTC price (yes. slam me, flame me, hate on me).
3) If dip happens from 47,374, it should fall till around (37,630 - 36,207)
If dip happens from 50,268, it should fall till around (40,220 - 42,591)
Of course that said, this is crypto. In this wav 2 bull market, FOMO is real. Not surprise even if BTC "Moons" till 64,000 levels. But I'm confident of a strong liquidity grabbing event before any real consistent push happens.
Analysis are purely my own thoughts. I'm not a pro. So take it with a pinch of salt
BTCUSDT likely to head to 4h support around 41200-41700The price is trading inside monthly resistance and experiencing the expected push back. The price action is suggesting that we might be looking for a visit to the 4h support zone which sitting around 41200-41700. That support level should provice a bounce for another attempt at the monthly resistance but it is difficult to say if that bounce will have enough strength to break it. We will evaluate once the price in case reaches 4h support and bounces from there.
BTC/USDT Descending TriangleBTC/USDT Binance 4h Chart Pattern Create Decending Triangle
You can clearly see the Lower Highs
Descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
Downtrend. Downtrend is consists of lower lows and lower high. It is also called as a lower top and lower bottom formation in technical analysis. When the stock is making lower highs & lower lows, it is considered to be in trading in a downtrend. Lower highs mean that previous peak is higher than the current peak.
BTC/USDT :: What is the next move ?BTC/USDT :::
zoom in , zoom out :: <<< You will understand well >>>
1_ It is still in the blue channel and there is very strong and old support at the bottom of the channel (note the purple line).
If there is not enough support in this range, the price will drop a lot.
2_ This means that it enters the price range of 12,000$ - 14,000$
will be .
3_ And if it is supported, the next move will be towards the bottom of the yellow channel.
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BTCwe will witness a slight decrease in the price, then the trend will refresh its power to go up... the scenario will be valid only if the WXYXZ or WXY pattern is completed that means when we hit the Y point, wait for the big green candle and put your order just after seeing any uptrend patterns at the small frame < 30min frame the price will increase until hitting X point then will turn back to hit the Z point
Bitcoin ready for correction (Short)After a strong bullish movement inside a wide TR, which seems like an exhaustion gap, I expect a bearish move here after a double top in higher timeframes as well as a nested double top in lower timeframes, we also have a wedge top at this area so a move down is very likely!
NFA
Time to short bitcoin before a massive dump- Weakness so clear to break 40k.
- Will visit 33k first or below before any upside move.
- Not able to break EMA 100 after testing on 4hr time frame.
- Downtrend still valid since 69k peak.
- lower highs & higher lows ( 4hr - 1D timeframes)
- Stock market is not good and crypto will follow.
- Fear & greed index went slightly higher since last massive dump to go down again.
- Therefore, ready for a big short.
short:✅ 38.5k - 37.7k ✅
🎯TARGETS:
1- 36,700
2- 35,800
3- 33,000
💵 Leverage: 3x - 5x
🚫Invalidation(SL): 39,480
Some new thoughts. So, I didn't lock in a profit after the last short trade.
I waited for more, as a result the position began to "melt" and I went to zero
(Although he could have taken good money, that's okay.)
I lost nothing and was convinced I was right.
My goal is not 1-5% profit.
I'm looking to enter large shorts with 200-500% PNL (and I've already made three of them recently).
So, some naive people are waiting for a reversal to ATH.
It's not going to happen. What's happening now?
The market is getting ready to cut some bears' stops.
As usual, brutal, cynical and without slightest snot.
What scenario is possible now?
It is some short (a few days) and aggressive assault on EMA200 or even EMA100 line.
I have seen many times, when the candles fix below the cloud, a retest of the lower boundary of the red Cumo is possible, with an attempt to fix above the EMA200.
So I plan to start at 53650 level, then 54500, 55000, and finally 56000, 56500,with 56900 (the last three big ones).
From this level bitcoin will fall to 40000.
Stop 58100.
There is also a big chance that bitcoin will not go higher than 52000-54000 thousand and the collapse of volume flow, which I expect on the 1D chart will happen sooner. In this case, I will enter short positions right on the market, if they are above 50,000.
In addition, there is no clear estimate on the increase in the prime rate from FED,
it seems that the official announcement is expected today.
And I won't play long from 48,000 level.
The reasons are in the monthly chart problems.
BTCUSDT UpdateThe next support level is specified on the chart. This is something I believe right now, and it is going to be my plan for the upcoming weeks. Whenever BTC touches a new LOWEST LOW, I load up my bags and everyone has got to do the same. If anything happens, I will keep you posted! Enjoy!
BTCUSDT Scenario UpdateDon't expect BTC touches +$100K without any correction. If you see the chart from past years to now, you will realize that it has had many huge corrections. If we lose strong supports, BTC will see $54K. Keep calm and buy at dip if you are a holder (HODLER). I am of the opinion that there is no rush in the next 3-4 days. Our journey will be started after 20th. I will keep you posted as always!
BTCUSDTThis forecast is for friends who live in reality. I am not a child to believe in a fairy tale. As long as the road is open in front of us only down. I will drop the illusion about 100k straight up. The United States has curtailed part of its programs to finance the economy. The arrows mark the indicators of the inter-bearish trend (crosses of death). Maybe you are one of those who wants to be neglected. Good luck. I'll meet you at the bottom. I will be glad to your like)
bitcoin in bear marketDead cross for ema, is this going to be a bear market. possible go back to 42000-44000
If the support strong enough, we can see a huge big pump from here. But becareful, we still need to reconfirm again when the price reach 42000-44000. depend on the news and twitter from elon musk too? this is not kidding. we do need to see their twit before make the next decision