BTCUSDT close to daily support, likely to bounce to 30636-30736The price moved according to out expectation for the last trade we took a few days ago. It did not quite reach the resistance zone target but came quite close to it. I could not provide any update after that as I was traveling. The price came back and hit the daily support which was again a level to go long. The price bounced from there and came back again when pushed down by newly formed 4h resistance zone 4HR1. The price again bounced to 4h resistance zone 4HR1 to meet the same fate. Currently the price is again heading towards daily support DS1 and likely to hit it quite soon. I think a long should be favorable again from there towards the 4h resistance 4HR1. Do you think this will work out again like other bounces from DS1 zone?
Btcusdttrade
Bitcoin Cup & Handle Bullish!CME:BTC1!
CRYPTOCAP:BTC has printed a massive Cup & Handle.
Also looks like an Inverse Head & Shoulders.
Idea tagged as Neutral, as I need to see more confirmation - read below:
Measured move to 48k over time.
Requires Break and Flip of the Breakout level around 31k.
Plan A: Long Break and Retest of 31.5k level - if you're a pro trader you can look for lower bounce ideas prior to the breakout - but gathering data every second.
Plan B: Short to Possible Pullback level and watch for hold of this support for next attempt or further downside to.
No Prediction - Preparation. When CRYPTOCAP:BTC moves we move.
Thanks for all the support from my followers!
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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BTCUSDT may head up towards 30633 zoneThe price is trading at LTF support. I think a long is favorable here towards 30633 area. The price is trading broke through the weekly resistance WR2 but came back inside the resistance zone and currently trading inside it. However, it seems the price is now ready to make another push upward at least towards the recent high it made.
BTCUSDT at weekly resistance, may experience pull backThe price broke the daily resistance and moved up to weekly and daily resistance confluence. It is currently trading in that zone and facing this resistance. This resistance is a bit tough one as this level has been historically resisted or held the price on several occasions. The probability says, the price shall experience a pull back here.
BTCUSDT ready to head up towards daily resistance 27066-27236Analysis: LTF
The last long trade idea almost reached to the target but did not quite hit it. I think the price action is suggesting another long opportunity with a target towards the daily resistance this time. The price has been consolidating for long in this range between 4 resistance 4HR1 and 4h support 4HS1. The price action has been very slow with very low volatility. And soon it might be ready for the upward move. The target as mentioned in the daily resistance around 27066-27236.
BTCUSDT may hit daily resistance and then pullbackThe price is trading below the weekly and daily resistance confluence. All the relevant support and resistance levels are marked on the chart. I think it may still try to reach that resistance marked as 1DR1 before a significant pullback. A short will be favorable if the price hits that 1DR1. I will post the trade setup if the price reaches there and I am there to take the trade.
BTCUSDT close to daily support, long term long is favorable hereThe price has come close to the daily support zone which we talked for HTF analysis on the first drop on 5th June. The price is still a bit short of touching the daily support. So it might dip one more time to hit it formally. But lets see.
BTCUSDT at daily resistance, likely to move down to 26060The price has hit the daily resistance DR1. It is likely that the price will be pushed back from there. The next hourly support is around 26060 and I think price will head there. Therefore, the target of this short trade should be 26060. The price has already been pushed significantly while penning this idea.
BTCUSDT likely to head up to 26396The price has been consolidating in this range for a while. It is trading between the daily resistance and daily support zones. Currently the price seems to be heading towards daily resistance 1DR1 which is sitting around the zone 26330-26469. A long is favorable here with the target of 26396.
BTCUSDT likely to visit daily support around 24296-24696That was a significant drop. It has broken all the low time frame support levels and now likely to head for the next daily support. It seems the path is very clear for the BTCUSDT to move to daily support zone around 24296-24696. The price hitting that support would give a very good long opportunity as there will be enough liquidity to move the price significantly upward.
BTCUSDT at daily support and likely to head to 27396The price was held back by 4h resistance around 27400 zone. And now it has fallen down to the daily support around 2700 zone. I expect this support to hold for now and provide a bounce to the 4h resistance zone around 27400 again. I believe a long is favorable here with a target to 27396.
BTCUSDT bounced off 4h support and may head to 4h resistanceThe price has hit the 4h support as marked on the chart and the support doing its job. The price has bounced from that support and currently trading at support resistance which also acted as a brief support during fall. The price may head for 4h resistance zone again.
BTCUSDT likely to head to next 4h resistance at 27400Yesterday the price hit the 4h resistance zone upon the bounce and was held back by this resistance. Since then it is consolidating under that resistance and likely to break it soon. The next resistance lies at 27400 zone which would be the target of the long trade which seems to be favorable right now.