BTC: Is it about to start a decline?
After a long period of fluctuation, the market has finally started to experience a downward adjustment. If you have a short position, you can now breathe a sigh of relief. My personal recommendation is to take advantage of this opportunity to reduce your position on dips.
As for long positions, we can start building positions now. The key support level is at 25K. Conservative traders can wait for the market to adjust to around 25-25.5K before entering the market, while those with large funds and aggressive strategies can directly buy on dips below 27K. Control your position size and aim for a breakout above 30K. I will continue to update my views and strategies on Bitcoin.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
Xbtusdlong
Million challenge: Buy BTC @27K
In the short term, the rise of Bitcoin has been hindered and there has been a slight correction as the upward pressure is capped at 28,500. It has been emphasized in previous articles that 25K has become a short-term bottom, and the operation still considers buying on dips as the main strategy, with a target of 30K in mind.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
What to Do When Shorting BTCUSDT is Trapped?
As expected, due to the increasing risk aversion sentiment, BTCUSDT has continued to rise and has reached my second target of 27K, and the next target will be to push towards 30K.
As previously emphasized, when the main force begins to push up, they will not provide very good entry opportunities, so any dip is an opportunity to follow the long position. 25K will be a short-term bottom. If you have friends who are shorting Bitcoin, I personally suggest closing the short position if the market has the opportunity to fall near 25K, and follow the trend to go long. If you have a lot of trapped funds at the moment, you can leave me a message and I will provide you with the most accurate solution.
Similarly, if you missed my first layout at 23K, and second layout at 27K, do not miss the next layout at 30K. I will continue to update my personal operations, so please stay tuned, and hope you all can be winners!
BTC: Follow me, next target is 27K
The cryptocurrency market is one of the panic groups, as many institutions may still deposit with Silicon Valley Bank. With the announcement of the Federal Reserve's bottoming, the sentiment in the cryptocurrency market has stabilized slightly, and the concept of decentralized cryptocurrency has begun to play a safe-haven role as investors' distrust of the traditional banking industry deepens.
Under the dual stimuli of the safe-haven sentiment and the weakening of the US dollar, token prices have made breakthrough progress, and the Bitcoin price has broken through 25,000, a critical level since August 2022, with significant significance in the short-term trend. Bulls are expected to have further opportunities to test 28,000-30,000. If the market can reach 30,000, it will help to establish the real bottom.
Do you remember when we bought at the bottom and went long below 20K and were questioned and ridiculed by countless people? But we were fearless and firm in going long because we had already seen through the washing-out strategy of the main players. First, let all the longs in the market get out, and then rise straight up without giving any reaction time. You can say that this is a conspiracy, but I have already seen through it. The upward trend of the bulls has been established, and congratulations to friends who have followed my layout, that is, following the main players.
In the future market trend, don't think that Bitcoin will have much room for further decline because the main players will not give better opportunities to follow. If you missed the chance before, you can choose to buy Bitcoin near 24K. The next target is 27K, and reaching 30K is only a matter of time. I will also update the latest layout in a timely manner, so please continue to follow.
BTC 20W bounce = BTC Will never see $43K again??? The data on the chart is simple. When BTC tests and bounces off of the 20W EMA and then proceeds to put in an ATH.... It never trades below the test price again.
Which means that $43K would at the very least be the bottom of the next bear market unless BTC Tests the 20W higher or does something
it has never done.
BTC Bearflag ABC correctionBitcoin fell out from the rising wedge and is now in a ABC bear flag correction phase targeting the 21 weekly Moving Average which also correlates with the 0.382 Fibonacci from the greater move Corona crash till ATH).
The B would also fill the CME gap and if you draw a Fibonacci extension from ATH to A the Golden pocket marks the CME gap perfectly.
all this signs tell me this is the most logical outcome. presuming we close todays daily candle above 50k.
further if you backcheck bullish corrections take about 2 weeks.
so far we have one 1 week behind us.
there is 1 more week till monthly close.
weekend starts today so i would not be surprise we move up this weekend liquidate the shorts up to the gap.
Monday CME opens we print the gap fill and come down for the C to the 0.382 Fib and close the month in RED there making everyone happy that we finally touched the 21 weekly MA again.
then start a fresh monthly green candle with probably oscillators reset nd bullish divergence targeting the range highs again.
when we get there i will update with a new chart to look at further targets.
BTC Swingtrade Part II bulls attack !!!Hy trader!
What a nice weekend, bulls break out with good volume and stay strong!
If you're new to the game, check out my previous analysis..BTC Swingtade bulls defend 50k, see link below.
If you're not in a position yet, check out the 60k -60500 range.
My SL is below the breakout level. Btc should no longer be included!
If you're holding alts, be careful, if BTC continues to rise, most of the alts will bleed in my opinion.
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Bitcoins optionshello,
while i was looking at bitcoin earlier this afternoon i noticed a few things that could play a role in the future roadmap.
on the right chart you see the macro view
here I see we could make another huge head n shoulders if it would go down now like RSI, Market Cipher and other indicators tell us
what I also notice is that the logical and symmetrical target for the right shoulder would be approximate the same as the left shoulder and what we find exactly there? a CME futures GAP
what else we find there? The gap is exactly between the 0.5 and the 0.618 Fibonacci retracement of the hole last run from 50500 to where we are now..
what else I note is that on smaller timeframes you can see how we made inverse head n shoulders pattern one after the other becoming bigger and bigger. now the last one might be in the making the mega IHS that brings us to the 70k area measured move.
other things I noticed is the previous IHS from FEB- March.. the measured target from it has hit the target perfectly and marked our current ATH top.
also notice that there was a CME gap involved as well which has been filled on the same day.
the horizontal lines and dotted lines are monthly weekly and daily candle close pivots
I also measured the length of the move from the lowest point from the first IHS to its target (current ATH) with the long green arrow. i copied that and placed it to the current IHS lowest point.
the short green arrows are the measured targets of the particular IHS.. slightly different size to each other..
i hope i was clear enough and this makes sense.. you can also watch the video how i made the chart on youtube
on the left side we see the smaller timeframe and the btc usd chart on ftx perp
here we can clearly see a bearish pattern called the rising wedge with its downside target pointing also to the CME GAP
BTCUSD - Last resistance reachedBitcoin has reached its last resistance, if it manages to close above 57K we will see a new ATH soon, if it is rejected again I think we will see a small correction before going to the new ATH, however the daily chart is super bullish so I very confident, good weekend everyone