Will BITCOIN Will Go Down Again?! Hello everyone!
As we already know, this pump left a lot of imbalance, imbalance that must be filled, today i have been noticed that we are in a distribution, like you see in the chart, we formed a SOW, after the next SOW we can expect a markdown that will fill the imbalance left behind(which is at 40972-37430 big imbalance), after that i expect a pump at the zone where we consolidated 2 days, like in 4 december where imbalance from the beginning of the octomber was filled.
Of course can be 2 scenarious, the another one is to go 48180-50400 where we also left an imbalance, but i think that will not happen, because we are seeing a SIGN OF WEAKNESS. I think that we need to be patience and wait for the market to show us more signs about next move.
Also, indicators looks that we are in an overbought zone and we don't have a lot of strong to continue pumping.
Let me know if u have another opinion about BTC, or if you want to add something else too!
Good luck traders!
Pump
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$DCFC Target PTs 60-70-130 and higher$DCFC DEFINITION OF "PRESIDENTIAL PUMP":
"When the PRESIDENT OF THE UNITED STATES OF AMERICA, goes on national TV and announces a contract with an EV company to build out charging stations, which recently was signed into law with an infrastructure fund of $7.5 BILLION DOLLAR, and the contract itself potentially worth HUNDREDS OF MILLIONS AND POTENTIALLY BILLIONS OF DOLLARS over time...then the immediate perception of value may drive FOMO and MOMO in retail traders, pushing the price higher on a multi-day/week run up."
🌳very important terminologies in Trading🌳Hello every one
🟡(1) Price action
The Movement of an asset or Security's price over Time , Plotted on The chart
🟡(2) All-Time High (ATH)
The Highest asset has Ever been in Price
🟢(3) Support
a Point in the market where the Price is less likely to drop below due to previous demand or price action
🟡(3) Resistance
a Point in the market where the Price is less likely to break above due to previous demand or price action
🔵(4) Trend line
a line indicating the General Price Direction of a chart
🟡(5) break out
when the Price of the asset break through a pre-determined Trendline
⚪(6) Formation
when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions.
🟢(7) pump or bullish
The price of an asset is going up
🟡(7) Dump or bearish
The price of an asset is going Down
🔵(8) Long Position
a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value
🟡(8) short Position
The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
SURV will give us 45% profitlike other our signals this also give us good profit.🔥💎🤩
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first tp:30%
Big dumps of Btc is getting smallerBitcoin is just growing and these little dumps are just ,Water for the Plant; Necessary.
If we take a look to the long term ,after every ATH ,Bitcoin starts to correction.
But these corrections are getting smaller in percent;
Eg :First time 85% but then 72% and 55% ,50% and what you think is next ???
Of course its lower
See you at the next ATH 100K.
Keep in profits.
BTC rising channel on 4 hourly timeframe.We are in rising channel on the weekly and 4 hourly timeframe.
BTC is now above resistance line from 39.3k and 40.6k is interesting to see if we can turn it to support now.
RSI is overbought so it is most likely to retest resistance and turn it in to support.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
BTCUSD Major resistance soon will break then bullish market soon after a valid breakout to the upside price can pump hard and hit the targets that are mentioned on the chart.
As we said a lot Major resistance here is black trendline resistance and price this time is near daily strong support zones so soon we can expect a breakout to the upside and then local pump here is expected like the green arrows on the chart.
DISCLAIMER: ((trade based on your own decision ))
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longThe trading volume of ENQ has increased and according to the technical analysis, it is at the bottom of its long-term support level and we expect to have a strong pump soon.
Stay successful
BTC Maximum & MinimumAs you know, BTC has been beaving neatly according to the trandlines. The first trandline from $68000 which is broken at $49000 looks now like the bottom of the recent surges; while, the new trandline again from $68000 after hitting $52000 shows the tops of the next few days. According to this scenario which is valid "Until BTC is in Decending Line", BTC should hit $28000-30000 at least once. Then it may go up or continue its decending line to lower prices.