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BTCAUD trade ideas

BTC AUD Price Monthly Chart Leading into the End of the YearBTCAUD Monthly Chart VZO PZO is indicating it is overbought. Saturday 12th August 2023 Monthly Chart Take note crypto pirate heads, we are on a green TD8. USD Chart - The candle is green so far just above the short MA. So we could be up for 1 more month of upside, if any? Then a 1 to 4 correction leading into the end of the year, which is what we encountered in 2019, and similar downturns leading into the end of the year in 2014 and 2018. The halving is now estimated to occur on the 5th April 2024. So this is sort of playing out as in previous halving's where there is a bit of a downturn, or choppy mostly sideways action before BTC rips. So, could we be seeing a similar sequence of events here? Time will tell. But also be aware of macro market events worldwide, could also have a impact on BTC price. September / October 2023 will be interesting to see what happens with stocks and bonds and how it impacts BTC price. We may get some more juicy entry points that others may not anticipate, or we could see complete decoupling of BTC price action compared to fiat systems. If you bought in Feb this year when the blue hash ribbon signal flashed a buy, you are sitting pretty good at this point, well positioned for the next halving / post halving rocket. Time will tell. In AUD terms we are currently sitting at $45,260. We could see price move up to circa $46,966 to $48,579 before we see the 1 to 4 correction or we could just continue to chop sideways. It will be interesting to see if we get sub $33,707 AUD. Happy sailing crypto pirates! f.govt, f.society f.banksters f.police Snake Plissken is clockin out.
by kryptologic
BTCAUD 1HR Long IdeaPrice bounced perfectly at the fib cluster i linked in this post - We have a couple scenarios here. There is a bearish pennant forming, but also a bullish Gartley pattern. I like that buy zone around $6500 and my plan is to scale in at that price, if price action confirms the entry . If the pennant breaks to the downside hard, then I'll wait for next opportunity. Profit targets to take some of the pie are at least 50% higher. I do not plan on having a stop loss until price moves up at least 25%. Lets see what happens.
Long
by IgniteFX
A learner's Beginner Analysis for BTCUSD chart18th December,2019 ON THE 3 MIN CHART The price has crossed both lower EMA indicators and is looking like approaching the 200 EMA resistance level. RSI is oversold and MACD Histogram is showing peaking green. As I have been writing this there has been 2 bear candles falling quickly to half the height of the previous bull slope although two more waves lengthen the bullish height. RSI is no longer oversold and MACD is pale green falling hill side. ON THE 15 MIN CHART The RSI red troughs are noticeably larger than the green hills. On this chart the 2 lower EMA lines are clearly resistances that the price has spiked through. This might be a 3 candle play- no, the wick has already reached the footprint of the lowest previous price resistance. RSI is rising and MACD is showing a hill so the candle could possibly reverse but no and the two lower EMAs are keeping tight control of the price movement in a determined downward trend. If I had acted in time (I started writing at 9:15 and it's currently 9:45) I may have been able to nab a short. But at this stage it is more important that I take the time to reason through and understand the analytic process so I that I can develop as a trader; if I do it right I'll be able to make what feel instinctive choices out of experience and skill. Trading prematurely has turned out to be gambling by another name and I am glad to say I have moved past my initial attempts at what seemed at first glance just a matter of choosing the direction and setting TPs and SLs that were at best "guess-timates". It's 10:00 and I'm still on the 15min chart. Going by the indicators and price movement the shape looks like it will continue it's steady descent. With this chart I am thinking that I can sell and descent is guaranteed. THE 30 MIN CHART agrees, confirming how very horizontal the price movement is with the gentlest of slopes. On the 45 MIN and 1 HR CHART however, there is a more definite bearish paw at the end but the rising RSI and MACD indicators makes it look like the price will meander on horizontally again, continuing it's most recent pattern. However the 4H CHART shows an even steeper downtrend with both RSI and MACD indicators in the troughs which means it must be oversold and buyers' pressure should kick in. 22nd December 2019 Well I was right, buyers did kick in!
by sl8tr