BTCUSDT another long attempt to 27625Last long trade stopped with 0.5% loss. Let us try long once again. It seems price retraced some more and now provides a better long entry.
Btcusdttrade
BTCUSDT likely to head towards 28250The price hit the daily resistance and bounced from there. It is trading currently above the daily support as well as a smaller time frame resistance. By looking at the price action and the setup it seems a long is favorable here if the price can trade above this resistance for the current 4h candle. If that happens, the target should be the next resistance around 28225.
Btc | Levels To Watch Btcusdt
Direct 30-32k Or Retest First ?
If You Are Looking To Trade On Btc, I think this is not a good time to trade on btc .
First thing is we have to wait for breakout anyside, good buying zone is 25500 .Buying Above 28k or 29k is madness.
Waiting for weekly closing,
Note : Always Trade With Your Own Research & Always Manage Risk.
If You Are Satisfied with Our Work Then Join Us.
BTCUSDT to attempt again towards weekly resistance around 29500+The price moved up and reached to the recent high and now trading in 4h support zone. It seems there should be another push and that should target to the weekly resistance zone. A long is favorable here and we should target to 29500-29900 zone.
BTCUSDT hit support and likely to head to 25500BTCUSDT is facing some push back here. The price hast hit now 4h support and a long would be favorable here. Lets target 25500 level first.
BTCUSDT long from 4h or daily support zoneBTCUSDT is finally trading under the daily resistance. This is the resistance in its way before clearing the recent high of 25250. Any pullback currently is very good opportunity for day trading. There can be short opportunities but the momentum in the long direction is very strong and any short for day trade is currently not advisable. Let us try a long if this pullback hits the daily support. This would be a conservative long. A more aggressive long would be if it is taken when price hits 4h support. Let us try small position at 4h support and if price breaks though that then a bigger position at daily support 1 zone.
BTCUSDT to aim up for daily resistance around 22380BTCUSDT has finally managed to move up the very important daily support it broke a few days earlier. Now it is trading above that level and very likely to close above that level. I would expect the price to aim for the daily resistance 1 zone around 22380 with a bit of pullback.
BTCUSDT likely to visit weekly support around 19400 and bounceThe downward pressure did not allow the daily support to produce any significant bounce and that led the expectation from previous idea to be not fulfilled. Since the price has broken the daily support and closed below it, it is likely that it will head towards the weekly support. I believe there is going to be a very nice opportunity to long it from there.
BTCUSDT hit next daily support, to head up towards 21600 zoneThe price did not go as was expected in the previous post. The price has now hit the next daily support. I believe it is likely that price will have a good bounce from here.
BTCUSDT hitting daily support. Expect a bouncePrice hitting daily support zone. There should be a good bounce probably aiming for 4h resistance zone.
BTCUSDT may head for next 4h resistance around 24450-24550So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be very small.
BTC - Be careful of $23950BYBIT:BTCUSDT.P
4h time frame
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Shorting positions should notice 23950 in 4h (as I'm holding)
The circled place shows that it broken and went back above 23950, then reversed the bearish structure
BTCUSDT probably heading for next 4h support zone Price breaking the 4h support 1 zone. This opens the way for downward movement to the next 1h support and then 4h support 2 zone. The path how I expect the price to move has been depicted on the chart.
BTCUSDT to break 4h resisatance and move higherPrice was consolidating under 4h resistance 1 zone and finally broke out of that to the upside. I believe this 4h resistance 2 zone is not going to bother the price much this time and the price, with just a bit of hesitation, will break it to the upside.
BTCUSDT likely to hit previous 4h support zoneBTCUSDT clearly got rejected from the 4h resistance 2 zone marked on the chart. Currently it is struggling to hold the 4h resistance 1 zone from where it broke out and attempted to break next resistance zone. The price will momentarily bounce here as current zone marked as 4h resistance 1 zone will act as a support.However, a next hit to this zone will let the price flow towards the next 4h support area.
BTCUSDT likely to retest the 24936 levelThe price has dipped below 4h support region. But the current 4h candle is still active and very likely will close above 4h support and target for the upper resistance zone marked on the chart around 24936 level.
BTCUSDT right on its way to monthly resistance of 35k-37k zoneLet again have a look at the monthly view. We are on the right path on the monthly resistance around 35k-37k zone. This was also mentioned in one of the posts on 29th January.
There will be some pullbacks in between but I think the probability favors that the price hits the monthly resistance.
BTCUSDT heading for next weekly resistance at 29700Weekly candle looking very strong and good. Next weekly resistance sits around 29700. Looks like price is headed first for that weekly resistance. As mentioned in one of the previous posts on jan 29th, the significant target is monthly resistance at 35k-37k range. But let us focus on the weekly first.
BTCUSDT likely to head to previous 4h resistance truned supportBTCUSDT likely to hit the previous 4h support area. That level is around 22666.
BTCUSDT heading for 4h range high 23300The price has reclaimed the broken 4h resistance support. This indeed paves the way for the price to retest the 4h range high at 23300.
BTCUSDT hit the 4h and daily support, may head for 23300 levelThe price hit the 4h support area which is also a daily support area. We will see a bounce here probably.
This bounce has a probability to at least reach 23300 level which is a 4h resistance area. We will see how the price action is once the price reaches that resistance level of 23300.
BTCUSDT current 4h candle has a higher probability of being greeThis current 4h candle (UTC 12:00 - 16:00) has a higher probability of being a green one.
BTCUSDT current 1h candle has a higher probablity of being redThis current 1h candle (UTC 13:00 - 14:00) has a higher probability of being a red one.
