BTCUSDC trade ideas
32, 30 or 28k Where to Next with BTCSince mid May Btc has been In a descending channel. We had a couple fake outs but for the most part no real sign that BTC wants to break out of this channel. With all the news on BTC I can see this drop back to the bottom of this channel. Question is will the 30k level hold agian or will we see a break towards 20k. Please feel free to leave your thoughts either on my analysis or if you see anything different...
I Don't Celebrate The 4th But BTC Seems To.Looks like BTC may be looking to have a small shindig around the 4th. Look for some tickets to get in and enjoy a few drinks courtesy of Satoshi. Then stick around for the next party.... I'm sure it will be better than this one!
The beginning of a very big uptrend , BTCUSDPlease note the peaks in the RSI indicator and the peaks in the price chart at the same time. Is it time to break the downtrend line drawn on the RSI?
With the breaking of this important line, more buyers are expected to take action and a new uptrend will take shape
BTC High Volatility expected. Simple and easy chart explained High volatility expected, after attempting to break the downtrend of the last 40 days (blue) 14 times in hourly candles chart, here we go for the 15th. The short term uptrend (yellow) cross the downtrend in the next hours, where the price action must take a decision. The long term uptrend (green) is the strongest support to hold to keep being bullish for the mid term, this line started being a strong support back in march 2020 and have been used as a support/resistance several times since then.
- In Bullish scenario: we will break the last 40 days downtrend (we must see 3 or more hourly candles closed above that resistance) and go straight to 36200 zone, then go for the short term uptrend again to gain momentum. If this happens the objective will be the 39000 zone.
- In Bearish scenario: we will break short term uptrend to go for the 33200 zone and provably fail again when attempting to break the 40 downtrend for the 16th time. If this happens the price will provably drop to the green line again to search for some liquidity.
BINANCE:BTCUSDT
Short, RSIShould be seeing a bigger drop to the lower green line, crsi 20 and 10 are both in a beginning downtrend and it would perfectly fit inside the forming triangle.
28-29k BTCLate Sunday night early Monday morning look for BTC to break the falling wedge for some small gains. Break out around 29k-28.5k.
Potential early breakout around 30.5k.
BTC and Market RSIIf we break the following resistance line on the RSI, then we can start thinking about a change in trend. If there are a lot of leveraged shorts currently, then the RSI will show the accumulation is picking up steam before the market starts to move in a bullish momentum again.
M pattern and ichimoku BTC Short to 25300 usdc M Pattern with validation on daily time frame,
Target 25300$ for tomorrow or two days later.
25300$ is a support ichimoku
BTC Short to 25300 usdcM Pattern with validation on daily time frame,
Target 25300$ for tomorrow or two days later.
Bitcoin 2021 bullrun using Beam Bands and Gann FanI decided to use the Gann Fan fib along with the Beam bands to illustrate the possible trend we are seeing with Bitcoin currently. We may have seen the bottom with Bitcoin at the low of $29k level. There has been much fud and talk of the bull run has come to an end but I am of the opposite thinking and believe we are in the middle of this bull trend. I am still, like many in the Bitcoin community, seeing a possible $300k plus target for Bitcoin but years end. We will see.
NEWBIE Q on Wyckoff Are we still at Phase C or Entering Phase D?I'll start by saying, I'm a newbie. Couldn't find any ideas to this question so draw up my own for your comments please.
$btc final pull back before the big bang!on watch for the biggest accumulation as btc consolidates and company adopt bitcoin as well as country for legal tender target new highs
Bitcoin breakout? (16.06)This was my first time analysing a BTC Chart, nonetheless here is a potential "predicition", please dont rely yourself on this prediction its only for educational purposes!
Thanks and much luck
sincerely
Eldo
BTC Head and Shoulder"But this crash give me March, 2020 vibes".
Be objective. Use what information the charts give you to make sound judgement calls. This looks to me like a H&S pattern and we know the outcome of those. We failed to reach $42,000 level and the mood in the market is one where retail buyers are exhausted, billionaire accounts are grinning with their mouths wide open and Elon Musk is promoting c*mrocket.
The objective? Bright as day. HODL and firm the harsh weathers to come. Or, protect capital to fight another day.
BTC and Crypto is still the 'great transfer of wealth' we hoped it would be. Patience is just needed for the time being.
RN
This chart is in no way meant to be used as financial advice.
