Bitcoin trade idea prior Death CrossI will use opportunity to scalp some movement inside this range, going long from highlighted support zone of the range.
Price breaking out from the triangle on top of the 40-ish range.
Leaning price towards 37-38-ish — the area of expected rebound.
Expected target range in the Death Cross section of DMA50 and DMA200.
Best regards
Artem Shevelev
Xbt
The most attractive bitcoin time analysisWow, just look at this order
Aren't you going crazy?
See the order in the btc movement. Every four years we have a strong uptrend. In April of last year we had a fall that many people think is over but it is not true and this has been repeated several times. The highest real price is recorded in the first week of December. April is the lunar month and December is the month of reaching the target.
Now pay more attention. What fish are we in now?
Do you think the bitcoin movement is over? Are you crazy?
BTCUSD ~ Breakout on low volume, market not following: 2 optionsSo this will be mostly my bearish scenario here, but I think its worth posting about.
BULLISH:
- We broke out of downward channel
- Every single bit of FA is bullish (El Salvador + Brazil, Panama, Tanzania, Costa Rica, Mexico, Paraguay, Kenya, etc....bitcoin = legal tender!)
- Saylor is about to close his $488M debt notes at any time now (over $1.5bn of interest wanted to buy them) and 100% of that is going straight into BTC
- Saylor is now selling another $1bn of stock.....100% of that is also going straight into BTC
- Tesla hasnt sold a single satoshi since the 10% liquidation test back in april, and is now back in the boat "accepting bitcoin"
- Bitcoin ETF has been delayed at the SEC but is inevitable at any moment
- QE inflation printing is going to keep on going, says the US FED
- China miners are just about out of supply to sell off
BEARISH:
- China miners still have some liquid to sell off
- Chinese retailers are still selling more than buying as well
- With bitcoin breaking up, it still hasnt broken the critical $42k levels which are lots of resistance levels (horizontal, trend, EMA's)
- "Death cross" incoming on daily (historically this has a 50/50 chance of going up/down, so probably doesnt even matter, but its still coming unless we break up higher)
- The rest of the crypto market is lagging after a BTC breakout....usually we see a bit more total-market-pump (TOTAL2 increases at least as much % as TOTAL) within 2-4 days.....so we still have 2 days left sortof, to see this, but I'm actually not expecting it....why? because....
- Because BTC breakout was not really that much volume. Yes it was above average volume line but just BARELY, on the largest 5-10 exchanges. I still view this as a low-volume-break-up, which means it could just go right back down.
Most bearish scenario we are in is that the DAILY chart is an ASCENDING WEDGE pattern, which often breaks down.
Where does an ASCENDING WEDGE pattern break down? Back to where it started.
So my most bearish scenario for BTC is back to $32k.
I have buy orders in from 36k down to 32k because this will be the last time we have any chance to buy BTC at sub-40k ever again.
I will be longing on leverage from 32k if we do wick down there.
Again - this is the bearish scenario.
We very well may not be going sub-40k ever again already (not counting jitter to 39k+ until the next move).
IN THE END: buying BTC at this price is still a wonderful bargain that you will not regret 6+ months from now....so watching these levels is really only an issue about trading....and that is the only reason I am watching it, because I am going to leverage my BTC and some other majors on exchange to do a medium-term long leverage trade from somewhere between 32-38k and will keep adding to it until we hit our 73-78k target in the next month or two (where I expect us to dip again, so I'll be exiting that long there, and rebuying the dip with profits).
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Bitcoin Finally Broke out resistance and ready to $50000#BTCUSDT TA update:-
$BTC currently trading at $40300
And broke out all resistance and now bullish.
Now Resistance 1 became support 1
So I am targeting Resistance 2 and Resistance 3
But also keep an eye on Support levels.
Support:- $39167/$36000
Resistance:- $42111/$45516
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Bitcoin (BTC) • Time to short 40k?There is strong going demand. Intraday Volumes at lows are looking great and the Daily seems to picking up a nice steady grind.
37k is a nice bidding area in case of retest of lows to create a bear trap. Remember that this is also a probability.
Futures also showing some ongoing strength and Swaps trading bellow spot which implies strong demand coming from spot (or degens shorting and getting rekt in the process).
Check the video for more details.
I'm trying to get these videos max around 7m. I failed again. 🕯
#BTC, Not many changes on the weekend#BTC
Not many changes on the weekend
Still bouncing on the descending channel since May 19
If you took the long based on 34k (mid), I salute you. I'm not that brave enough😋
Weekly closing on a 2/3 doji setup (W Supply closing almost flat too) breakout should be near
$BTC
Bitcoin Is facing very big resistance if break then $50000#BTCUSDT TA Update:
$BTC currently trading at $37000
Waiting for breakout $37500-$38000 resistance.
If this break upward then Clear way towards $50000
But if rejected then again ready toward $30000
So keep an eye on below levels:-
Support:- $35300/$32500/$30000
Resistance:- $38000/$42111/$45500
Please click like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
Bitcoin Still in triangle [Death Cross alert]Price of bitcoin stays in the range and there is high speculation zone for bulls and bears.
Death crosses are usualy strong bearish signal for assets like stocks or metals.
For cryptocurrency it is also strong signal.
Looking from the history there was a lot of Death crosses with quite good dump afterwards.
Remember, death cross is mid-term trading signal, giving us only possible trend direction for nearest months. Death cross not cancelling global trend of the asset.
#BTC, Looking closely to the trendline linking all the LL#BTC
Looking closely to the trendline linking all the LL over the last Month
Current retest & so far rejection is allowing for some traders to speculate over a potential short
If brakes to the upside, it would be the 1st HH since May & bulls may retake control toward 42k🤞
$BTC
Bitcoin Trade Setup - Swing Trading Shorting OpportunityBitcoin Trade Setup - Swing Trading Shorting Opportunity
Bitcoin looks weak but that doesn't mean you short it right now. It is forming a triangle pattern and so let it breaks the downside.
You can short Bitcoin once it breaks the red supporting zone.
If you're a conservative trader, then wait for a break from the red zone and retest the red zone again.
If you get any rejection at this key area of value, then you're good to go for short.
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