$4500 in 2/3 weeks BTC will end up under $4500 in 2/3 weeks and last for at least 14 weeks before any correction to rise again
BTCUSDC trade ideas
BTC UpdateWe have two options :
1-bounce and retest the broken trend at 9800
2- death crossing between MA 20 & 50 which is clearly the sign to exit
Testing 10k!What you think of that? This is an important moment of BTC.I don't know if I have stomach for waiting until 10k. Look at RSI, showing for us that goes down first a little beat before goes up.
BTCUSDTechnically we are in the 4th wave based on the Elliot principal. probably EMA 21 in Weekly time frame with 0.618 Fibo retracement are important resistance levels.
Triangle pattern detected in BTCUSDC.looks like BTCUSDC will take new turn hoping a "long" on this chart...lets see until confirmation
USDC Mirror Chart! Bullish explosion coming soon!Good morning everyone,
Bullish:
- RSI over 50
- MACD rising
- Lines crossed EMA50 with a bullish first candle like before (drawn in the Chart), and stays above it .. last time it produced another bullish candle.
- We have a long time bearish trend line who broke some days ago.
Expect at least 50% within the next days.
Everything else drawn in the Chart.
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9090/9200 to 15kwhile looking at previous pattern i stumble on this lets see where it goes 4hr chart so far it matches almost perfectly from 18 march to may 18 will this play out till mid jun?
BTC shows its strength.Observing the bullish channel that formed since March, on the 13th, we can observe that on the 7th of May, when reaching the value of $ 10,000, the currency not only broke, with 90% strength in the RSI, as in the days that followed in its correction, 11 and 12, the price rose again without touching the baseline. It is also worth mentioning that by reaching the value of $ 10,000, the currency was able to exceed the average price of the resistance zone. This undoubtedly shows a lot of market willingness to buy the currency. And without a doubt, no matter how strong corrections there are in the medium term, in the long run the recommendation is to buy.
How far is it going?At times like this I ask myself a few questions. Why do people get so upset with me when they ask me for an investment recommendation and I talk about cryptocurrencies? Is 12 years still not enough?
But ok ok! Let's talk about what matters. Still crossing the resistance area, where the currency reached the zone average. I honestly can't wait for anything after $ 10,500 in addition to the correction. More precisely, it stopped being the point of purchase a long time ago, now even less. As for the peak of December 2017, which is unfortunately not available on the Binance chart, we will talk after the correction.
A brief update on BTC.I know, I know. I'm sorry, it's pretty confusing. I usually don't like to leave it like that either. So let's try to understand all of that. First, the averages indicate a correction of 6.84%, reaching $ 8,292. Be careful if you are thinking of entering now so as not to catch this falling knife. Soon after, everything indicates that we will have an increase of 25.39% raising the value to $ 10,439. What do you think?
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Proving yourself52.2 thousand per day. Did we break or did we just hit the ceiling? I don't know about you, but I am optimistic. I see that the desire to protect assets is pushing gold and bitcoin. I don't expect a straight line, but the indicators are very favorable considering the consolidation zone of the previous fund. If the correction now reaches US$ 8555, we will have excellent expectations for the future (don't buy). So what do you see?
What we had so far?Market daily update:
- CME gap closed:
1 more CME gap to be aware of below 12k.
- We have reached critical resistances area:
A retracement off it should be expected.
- We might close monthly above the last monthly candle with very nice volume:
With enough liquidity this can actually start the next bull run phase.
- We are above all Mas, volume keeps on rising (Still very low), OBV keeps on rising to better and better levels, but everything is overbought…
This means that the trend up should continue, but what will indicate next moves should depend on: going sideways, indicators reset, and overall consolidation below the critical resistance…
- Price might move a bit more up (Towards the 8300+/-) , but a pullback/correction is more likely to happen (either before that or right after).
But do remember, many times what is to be expected isn’t working out why? Because price goes against the unexpected, liquidity comes from wherever they can fuck up people.
this move to close the gap fucked a lot of people, groups.
My personal short was stopped yesterday but with a strict SL.
Our group on the other hand kept on collecting profits.
Sometimes you win some, sometimes you lose some, you can’t really control it, what you can control is your losses, if you don’t have strict portfolio management and if you don’t have the psychology to know your limits, then this market isn’t for you! Always go by your plan!.
- Overall conclusion, I personally still not fully bullish, as I said on last SA/FA update I will be fully bullish only when we pass 10500 followed by trend and real volume and OBV support behind it.
Despite me being not fully bullish it doesn’t mean I won’t act accordingly to price movement, in the end no one can “predict” market, we can only act by it, and protect ourselves with how we trade.
• Bullish move should look like something like that (after consolidation, and after indicators rest a bit):
Which means that we will use the daily cloud and the e200 as a strong support level to bounce from the s/r level and suppress the critical resistance levels.
• Bearish move should look like something like that:
Which means that if we pass below the daily e200, then we enter the cloud, then we will rest at e50 before we continue to the lower part of the cloud.
