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BTC Bounce Back!?What do we have here? BTC just slip to $47k . It did not happen just because it happened. It is perfectly hitting the price target for the M Pattern or The Double Top with low volume from our Awesome Oscillator Indicator. The bulls tried to continue the bull run but no volume is available, so the bears overpowered them with the whooping $4k lost in price action. What is the next price target we are looking at for BTC? Currently we are on a healthy retracement from RSI oversold. breakout to the upside from the channel down trend line. Buy in the green price and take profit in the $49,289 for the breakout price. With Awesome Oscillator, the index is still telling us that we still have volume to go down so we can expect more to the downside. of course with retracement as our RSI is already oversold in 1H TF. Other Possibility? If you are not planning to go against the trend in the bigger picture. you can wait and short when the price reaches The FIB Retracement at 0.618 then exit at the current support ($45-46k). However our price target is way below the major support ($45-46k), we can target profit around $44,800 for the breakout price of the rising wedge. since $44,933 is the breakout price for The Head & Shoulder Pattern inside the rising wedge, so the Golden Ratio we are expecting is about $44,280. Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to learn more! Disclaimer: Above technical analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BYBIT:BTCUSD.PShort
by Trade_Scholar
BTC - For Personal Record Premise behind this: 0.768 is normally the max pain in crypto. I don't think we will go sub 30K, but I do feel like it's been a bit too easy lately. Everyone seems too calm with this contionued downside. I do not have a fully established wavecount and this is basically a set of a REALLY aggrtessive expanded flat setup. Interested to see how this pans out. Bullish response to this will happen FAST. VERY fast. It will leave everyone who sold here in the dust.
Short
by ericisom887
9
Bitcoin 2019 fractal spoted on daily (quite major)As things heating up and quite bearish i remembered a similar setup back in the summer of 2019 (see chart) ... 369 EMA is not a well knowed moving averge,yet the number is a fibo number and the moving averege itself works quite nice in case of BTC on all timeframes(some uses 377 ema) As you know we are in similar position today ,price is right on the 369 daily after a major drop...in 2019 price went into a bear trap (-10%) then went up massivley. In current situation it means ,that price could drop to 27-29000 usd in short term (this week) then shout up possibly to 45000-50000 usd per btc .
BITMEX:BTCUSD.PShort
by Sam111
Bearish December continues for BTC. Here's a quick lookHere's a quick look at BTC Daily chart. As we can see, the price has previously made several bearish retests of the red trend line and has had no success breaking through it yet. The price needs to penetrate the red trend line in order to avoid further downside. The price is currently being held down by 2 big resistance lines shown with light red and light blue. The bullish scenario is this: The price breaks back above the blue downtrend, then retests the blue trend line and bounces off the blue trend line and in the end breaks and holds the red trend line. For now the price will oscillate within the red box and may do so for the rest of December. But a break above the red trend line could turn things around very fast! ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
8
BTC potential area to break or reject for 2nd chance to exit.If BTC rejects this sloping uptrend then I will exit major positions and go short as this is a 2nd chance to exit. I'm not confident in the overall BTC market after the recent pump up to ATH, it is due a major retrace to stabilise. This is not the time to enter long positions for good Risk to reward. In being sensible I am waiting to see how BTC reacts this week, if it rejects from the sloping support I will exit major positions and hold cash in high yield stable coins.
by cheliosTD
1
GBPUSD Analysis - It will head upward Welcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
6
ALICE bull and bear scenariosHello everyone, hope you doing good. * This is not a financial advice, use the idea with your own strategy and risk management * Few days ago, I wrote an idea about ALICE and shared with you a great setup ( Hope you didn't miss that one ) as we reached target 4, now we have to figure out whats the next move, as you can see in the chart below, we have a trend line that price has been rejected many times before and we are getting closer to it, two scenarios are also drawn on the chart below : 1. Green arrow = Bullish scenario : in which we break out of this level and since there is no actual resistance I think we will have a ride to ATH 2. Red arrow = Bearish scenario : in which we will get rejected once again and have a ride toward bottom be patient, watch how price will re act to some certain levels, if you saw weakness it would probably mean that we are going to go down, but if we broke the trend line with a good bull candle, its most likely a bull market. good luck ! I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldn't miss out any updates. Like if you think this was helpful and let me know on the comment section below. * This is not a financial advice, use the idea with your own strategy and risk management *
by Algo_Analyst
2
Eur/Usd Hello traders! For my opinion this pair is buy because in the daily time frame as the pair is in the midst of broken neckline confirmation that in august 2021 then they will hold their breath for a fall. "Fibonacci" and "Support/Resistance" as well as "Parallel Channel" show a possible rise to the level of 1.1550 and then will try to test the level of 1.1000 which is also (0.786) Fibo . Target one: Buy 1.15500 Target two: Sell 1.10000 Don`t forget to look the economic calendar! THANK YOU! GOOD LUCK!
Short
by thomapapa28
1
EURUSD Daily Price prediction and best entrances points(BUYSELL)There are 2 most possible setups for EURUSD trade in daily timeframe according to fibo levels. first scenario is sell after falling under the oriented trendline after valid descending engulfing(or your favourite signal), and the second scenario is buy trade if the price breaks up the fibo level(0.236) plus valid ascending engulfing (or your favourite signal), the TPs are spotted on the chart and SLs must be according to your strategy(like previous swing high/low). welltrade friends!!!
Short
by Ali-mohammad-pahlawan
Crypto break before ATHCAPITALCOM:CIX So we did get a double top, and a swift in the momentum, to the upside. If we take a look at the ATR for each day, we can clearly see that the last 3 days (red dots) we did close red, but also the ATR, did increase, and that kinda intresstring... What we also can see, is that we got a swing to the upside for 28,63 %, if we look at the (swing number one) that was an 28,28% swing, after that we got a downswing for 21,95 %, and after that 12 days consolidation, before going even lower. Will we find support at the green box, consolidate for some days, and get a new swing low, before moving up to ATH?
C
by McbmMM