Bitcoin Analyze (Short Term/Timeframe 4H)!!!Russian people pumped Bitcoin , but I don't think Bitcoin can continue this situation.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h⏰
Bitcoin is in the heavy resistance zone : Cluster of Fibs 44080$ until 43330$ + Downtrend line + Uptrend line + Bitcoin sees SMA100 on top of itself.
In addition, Stochastic RSI is on the Resistance line , and I expect that it goes down around the current situation 👇https://www.tradingview.com/x/hGDZYTp5/
As a result, Bitcoin can go down to 40500$ .
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XBTUSD
BITCOIN following the same pattern below resistance
BTCUSD
price is below resistance structure, and price has repeated the same pattern twice before, what do you think will price follow the same pattern??..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
not for the faint hearted.morning,
btc rejected a key level and was sent tumbling down.
momentum slowly faded over the last few days, and the most important level which i talked about recently was not able to be breached to the upside.
i'm starting to lean with the idea that btc is playing out something far more sinister than most people are currently expecting.
---
we are hovering above the 21 monthly ema for the second month now, similar to what happened back in 2018.
i am expecting more sideways chop on the larger frames before a full on break down \ backtest of the 55ema on the monthly frame (in the mid\low 20k range).
if it'm right about this triangle, we should in theory see a few more weeks of re-distribution before it truly does break, and take away everything.
ps. there are still valid bull cases at play too, but they have lost merit this morning.
"the alternative scenario"this has become just an alternative scenario as of now,
you can probably just skip this one.
update to 👇
----
this particular case i have been talking about for a long time now,
it implies that we're playing out a larger wxy which had begun back at 67k (not the absolute top)
while i still do favor this idea, it is close to being invalidated.
if this was to play out, we'd basically see a sharp move to the downside in the days ahead; if we don't get it soon, consider this idea deleted forever.
wave C target = 33k.
Nothing but clear skies from here......or at least till the top of the range at 70k. It seems we have completed some ABC flat consolidation, some solid non traditional fib targets supported strongly. If this is EW wave 3 there will not be many resistance from here. One after another the mass will think it's the top.
RSI 60/40 strategy: no need for insanely complex indicators pt 3Trend trading strategy.
Long when daily RSI 14 goes over 60. Close when daily rsi goes under 40 . Simple yet powerfully accurate in the past. Just gave a signal to go long in btc after closing position near 60k .
See previous 60/ 40 post for full description of implementation and concept of the RSI 60/ 40 strategy.
Other helpful indicator on this chart:
-Reverse RSI (BLUE lines) are a great free indicator here on TradingView that calculates the closing price needed to reach a specific reading on the RSI . Since I am interested in 60/ 40 then the white lines represent 60/ 40 readings on the RSI .
Bitcoin (BTC) - March 2Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
Strong support section: 28K-32K
(1D chart)
Resistance section: 46487.52-49266.69
Support section: 27033.35-29812.52
Attempting to break through the M-Signal line of the 1W chart.
Therefore, if it moves higher than the 45135.66 point, it is expected to turn into an uptrend.
However, since the section 46487.52-49266.69 is the section that determines the trend, it must be supported within this section.
The volatility period has changed from around March 3rd to around March 6th, but it's worth keeping an eye out for movements up to March 2-7.
If it rises to the 46487.52-49266.69 section, it is expected that the trend will continue in the direction out of the 45135.66-50931.30 section.
Therefore, if it falls from 45135.66 point, Stop Loss is required to preserve profit and loss.
If it rises above the 50931.30 point,
1st resistance section: near the 54825.02 point
Secondary resistance section: 60383.36-63162.53
Expect resistance in the segment.
Of the many lines drawn, the 49266.69 point is thought to be a stronger resistance point, so I think it's likely to swing up and down around this point.
The next volatility period is around April 8th.
------------------------------------------------------------ -------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
btc 3-1 update~morning,
btc is attempting to see a bullish expansion here, which would invalidate 2\4 cases i had presented last night.
critical moment here.
42811.0 cannot be violated if it's going to attempt to expand to 48k (to put in the 3rd wave of a higher degree) via something like this:
if this level is violated 42811.0, it might obviously try again, but the chances of this happening would become quite slim.
more likely than not, if it cannot hold bullish structure, it will retrace back down to the range lows via something like this:
if 48k is reached, we will eventually see a move up to 53k to complete the larger mean retracement.
bull trap?a lot of people think the bottom has been put in,
and while this is entirely possible,
i bring to you a few cases which disagree with this idea.
----
scenario #1 is "The bull trap"
is the one i've got displayed on my chart
it implies that the summer move was a 5 wave impulse which completed a larger wave 3,
and now we are in the middle of a massive wave 4 correction via a W-X-Y (3-3-5 or 3-3-3) which completes near the end of july \ beginning of august closer to 22k.
----
scenario #2 is "The wicked triangle"
i talked about it last week via 👇
this idea implies that we are also in the midst of a larger wave 4 correction, but in a slightly more deviant way.
a triangle creates uncertainty to both bulls and bears, and shakes them both out before a massive move to the upside takes place.
picture a bull flag, but on a grand scale; that's precisely what this would be ;).
----
scenario #3 - the least likely as of right now
talked about this in some of my recent videos, but it's lost it's level of probability, so you can probably just ignore this one.
though, if you are interested in another potential scenario; this one implies that we are playing out wave b (of an abc to the downside) of wave y of Wave Y of a higher degree to complete the same larger wave 4 correction as the wicked triangle scenario.
----
the idea i've got displayed on my chart is the one i favor the most of these 3 as of this moment, but my bias is very liquid, and can change if the chart tells me a different story along the way.
✌
Bitcoin (BTC), Ethereum (ETH) - March 1Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
(27650.0-33101.0 section: strong support section)
The 42084.0-47010.0 section is a support section for creating a new wave.
(XBTUSD 1D Chart)
(All: )
Resistance section: 46695.0-49518.0
Support section: 26932.0-29755.5
You need to make sure you can get support above the 42084.0 point.
If the price holds above the 40163.5 point, it is expected to break out of the bottom zone.
Holding the price above the 42084.0 point, we should see if it can turn into an uptrend by moving above the M-Signal line of the 1W chart.
The 46695.0-49518.0 interval is an important interval that determines the trend.
Therefore, after closing at the 46695.0-49518.0 section, it is expected that the trend will continue in the direction out of the 45211.0-50876.0 section.
Therefore, if it falls from the 45211.0 point, Stop Loss is required to preserve profit and loss.
If it rises above the 50876.0 point,
1st resistance section: around 55164.5 point
Secondary resistance section: from 60811.0-63634.5
resistance is expected.
The period of great volatility is around March 9th.
-----------------------------------------------------
(ETHUSDT 1W Chart)
Above 1728.74 point: Expected to create a new wave.
In order to turn into an uptrend, it should move upwards near the 3343.06 point.
(1D chart)
First resistance section: around 3375.08
Second resistance section: 4191.93-4464.22
Support section: 2285.94-2558.23
If it rises above the 2910.0 point and finds support, it is expected to break out of the bottom section.
However, it is important to keep the price above the 2910.0 point because it must rise above the 3151.97 point to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 2648.43-2826.99 zone.
The next big volatility period is around April 18th.
------------------------------------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
btc 2-27 update ~good evening ~
i see two scenarios at play over here,
scenario #1 - the bull
(the one i currently favor)
implies that we are backtesting the bear channel right now via a wxy of a wave B \ will see a move up into wave c in the week ahead.
bull target = 43k
scenario #2 - the bear
implies that the local golden zone will fail to hold \ bears will take back control.
bear target = 31k
----
have a great week 💸
Bitcoin (BTC) - February 28 (bottom section formation period)Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
Strong support section: 28K-32K
Section A created a pull back pattern that shakes the MS-Signal indicator up and down.
In doing so, it created an upward trend of about four months.
In section B, the M-Signal line of the 1M chart passes.
The M-Signal line on the 1M chart is a trend line from a long-term perspective.
If you make a pull back pattern that shakes the M-Signal line of this 1M chart up and down like the MS-Signal indicator of section A, it is expected to rise more significantly than the uptrend after section A.
(1D chart)
Resistance section: 46487.52-49266.69
Support section: 27033.35-29812.52
The trading volume is showing an increase of over 114.203K.
At the same time, it is showing volatility in the range of 34322.28-39843.00.
These moves will change the trend.
To turn into an uptrend, it must move upwards near the 45135.66 point.
If it falls below the 37253.81 point, there is a possibility that it will move towards the 35045.0 point.
And, there is a possibility that it will fall below the 32259.90 point.
However, I think this movement is a movement to make the floor.
The next volatility period is around March 3.
*** In this chart, the past chart is not properly expressed, so I will explain it with another chart.
(BTCUSD 1M Chart)
The A section indicated in the wRSI_SR indicator is shown in the current price range.
After falling below the MS-Signal indicator, you can see the support and rise.
There is no guarantee that the same movement as in section A will occur in section B.
However, if it falls from the 35060.0 point in its current state, you can see that there is a possibility of a decline around the 27678.0 point.
If support is found above the 35060.0 point, we expect a new pattern that has never been seen before.
Again, a sharp rise is expected in a pattern that is difficult to understand.
------------------------------------------------------------ -------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
btc 2-26 (bull case)good evening ~
after further assessing the wave structure and observing the weekend move - i've gotta lean slightly bullish just based on what i am currently seeing here.
while my short term bear case is still possible, the probability of it is a lot lower than what i am currently presenting here tonight.
----
this case would be the beginning stages of wave D of my "Wicked Triangle" case which i shared a few days ago via:
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long term count (from the triangles perspective)
----
and it would look a little something like this on the smaller frames:
could also come up in 5 waves; both would be perfectly valid.
time will tell what this move turns into, for now we just gotta take it a day at a time.
----
if we are indeed playing out the wicked triangle, then things will get very complex as we continue moving along. consider this a rough draft of a work in progress.
it's also possible that this a-b-c turns into a wave B\2 setting us up for an impulsive move to the downside instead.
via something like this:
or a 3 wave move via:
we take it a day at a time, and see how things look like as the move progresses.
----
ps. i'd like to be very clear - while i might be short term bearish at times, i'm very bullish on crypto in the long term.
ps2. i am still hanging out in cash until things look a bit more clear.
ps3. i shared a ton of data on here just so you guys can see what goes through my mind each time i take a look at a chart. the markets are never linear - remember this. there could be 10, 20 cases at times at play, and it is up to me to eliminate the ones which get invalidated, and present the ones with the highest probability over time. i can't always be right, i'm just a human, so do bear with me while i do my best lol.