BTCUSDC trade ideas
Consolidation in to a likely fail on a major support line...While setting my low buy position using a Bollinger Band method inside of the current price channel, I tossed up a fib retracement as well as a cyclic cycle tool...
Given the accuracy of the fib test levels, and cycles matching up..
It looking like we are going to test the current fib and trend support and very early on in a negative cycle...
With a very weak (red) RSI....
I believe we are going to fail this major support, as well as the fib and trend support - before finding support on the next fib level.
Should go in to a free fall and bounce off of the $34,000ish Fibonacci Support.
BTC/USDT 12H ChartOla Amigos,
I hope you all are doing great.
Let's see a quick update on BTC. Last week we saw some massive price movement and it was horrible. Last Monday was indeed a Bloody Monday. BTC went down to $44k which was not good for the altcoins in all pairs.
Anyways, here's the thing. According to the chart, BTC could fall up to $40k which means altcoins will bleed more. There's strong support at $40k and BTC will most likely bounce from the support level.
Keep trading.
#BTCUSD What A Monday!!After the last short-term update we posted, The BTC price dumped as we expect to $55/52K and in the midday the market got panic and the price dumped to $47K we didn't mention this level i the last update, but although that, it was an expected movement from 54/58 K zone-based on last updates.
in the current time, most people looking for another bullish wave after this longed wick from $47K in this update, we will tell you the confirmation level to know is it a true or false rebound, with a mention for the most critical levels below $59K.
to say's BTC will go to $60K/68K/ maybe higher we need to see two confirmation signs,
first, daily/weekly close above $56K
second, monthly close at 53/55K
if bulls fail to do that, we will see starting for bearish a cycle in the market, which makes
$41K
$29K
$16K
$10K
as main critical /PRZ levels below $59K
During that, we do what we do always, and it's
“Trade What’s Happening… Not What You Think Is Gonna Happen.”
Current action:
watching, and waiting for any scalping chance with good R: R
based on our previous alerts, about market movement/ greed/risk management/booking part of your profits, etc, you should be fine with the last movement.
and we would like to remind you again, don`t fomo/ and follow risk management, kill your greed.
Be smart, Be safe.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Press "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
15 to 30% Correction from the Top Price15 to 30% Correction from the Top Price before launching for next peak.
Possible Head & Shoulder formation on the BTC 1hrThis is just one analysis I have for the BTC/USD prediction on the 1hr chart. It could well be forming a Head & Shoulders, with more bearish outlook in the short term, but still bullish for the long term.
#BTCUSDT (short-term update) 22-2-2021BTC facing the uptrend of ascending broadening wedge so if bulls fail to break out this trend and close above it daily at $60K probably we will see a retrace to $55/52K as a first support zone,
Be aware $54/57K is an important zone for bulls, and any clear weakens from it will spread fud, be sure you secure your trades and book part of your profits.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Press like button and leaving your comments below our ideas is a great thing and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
Price targets for Wave up from 11k.NOT a professional, just a person who loves TA and is very very good at pattern recognition. Do your own due diligence and make your own decisions. This post is only for speculative/educational purposes. Consult a professional if needed. Good luck trading!
If this post saved or made you money, please consider tipping and/or commenting as I lost a decent amount trying to trade this before I realized what was happening. I have another published idea which further explains things.
-Wave is doing a large correction (prediction made 12am Feb 21) to 39500
- Wave 5 of higher Wave 3 is ending Diagonal, causing deep correction to 39600 (top of wave 1, it will finish below that if entire large wave is leading wave)
- Predicting entire leg up from 11k is a leading diagonal.
- Complete wave prediction: 77240 (could be less entire large wave IS a leading wave, as wave 4 will finish inside wave 2 area. Add 19700 to end of wave 4 to find wave 5.
-Wave 5 will extend past wave 3 guaranteed.
-Wave 3 was 68% of wave 1, applied same % to wave 3 to predict wave 5 (don't know if there are known numbers for this.
Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately!
I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes.
If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
a 'bit coin'ditionalBitcoin is getting ready for a major move.
The bulls are snorting and the bears are growling, chatroom's are exploding with volatile emotions and reactions, days ago tops were called, others frantically dug through trading view posts to find information that validated their own internal belief systems.
Will Alts continue to outshine or will they crash and burn, giving bitcoin a time to prove its a "store-of-value", or will it all pop was that it? that measly little 1.5 trillion dollar rally, maybe this technology isn't ready, maybe its not as revolutionary as they say it is; maybe Tesla was wrong, IBM, Visa and Mastercard too.
Perhaps a global value exchange technology is not as revolutionary as a global information exchange technology ; the marketcap peak of the dot-com boom was 7 trillion dollars "adjusted for modern day deflation" just let that sink in, we are only at 1.5 Trillion.
And you think its really over?
...the bulls are here and just getting started.
*hic*
Buuuurrrp
BITCOIN: ONE MONTH STILL TO REACH 60000 DOLLARS LEVEL !!!!After breaking the resistance of 40,000 due to the institutional purchase action, the cryptocurrency was at the gates of touching the 50,000 level, it does not arrive and initiates a zigzag correction of 5 and within a descending channel, in the collection earnings from the last institutional share price increase.
I consider three possible scenarios before the new rise in search of 50,000 and attack the 60,000 area:
Scenario 1) Fibo retracement 38.2 level 40,000 approx.
Scenario 2)Fibo retracement 61.8 level 36000 approx.
Scenario 3) premature breakup of the descending channel and direct search for the 50,000 level
According to my approximate calculations, the 60000 level will be reached on March 15, 2021 at the most !!!
This analysis is just my personal view and not investment advice.
Cheers!!
#BTC A New High This Month or Another Dip?!#BTC A New High This Month or Another Dip?!
Although we take the bearish side, we cannot be biased when we explain movement on the chart, so in this update, we will try to explain the movement and the potential scenarios for bullish and bearish sides and where are the most important levels for both.
if we checked daily TF we can see BTC ranging between $30K and $42K since breakout$ 30K on 2 Jan, So we can easily identify how these levels for important for the current movement due to all of this rebound from $30K make it as As a psychological barrier for traders at the present time and also $42K key resistance and fomo area!!
At the same frame, we can see a Descending triangle (continuation pattern) we drew many times in the last updates but as you can see price broke out the pattern, and price very close from key resistance at $42K
for bullish people based on this pattern if BTC breakout $42K and closed above it weekly or daily the targets will be
$45K
$48K
$51K
$54K
and these are the most important levels above $42K and the weekly or daily close Is the confirmation sign for them.
But the bearish traders looking for a double top pattern from $42K or spring to $45K and 2B pattern or shark pattern near it and many potential patterns support their view. and if any pattern of this succeeded, the price can dump easily, to $30K and lower to $23K.
Here our advice, the current market structure It goes in favor of the bulls and gives a good opportunity for the bears to open short positions from higher levels so you should care about the current moment and Trade What’s Happening… Not What You Think Is Gonna Happen" and at the same time you should have an idea about the most important levels for both market sides to avoid panic or fomo and stay safe.
Trading advice:
$38K$34K is a good trading area with a stop-loss below $33K if the price closed below $33K daily, space will be free for bears but if you decided to trade current moment be sure you follow risk management. due to we can see some tricks in the current move.
for us, we will avoid trading in the current time and We will suffice with this position from $32K.(shared with you in previous updates)
What is our prediction for the next movement?!
our view still bearish as you know and as long as btc didn`t close breakout the previous high at $42K daily ( During that we trade what happening). so if there any long chance with good R:R supported by the movement we will share it with you ( Don`t care about our prediction It is subject to success or failure, the final word is for chart)
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Press "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
#BTCUSDT ( Short-term update) 4-2-2021#BTCUSDT
Bulls pushed BTC from $32 K to $37K at the first week of Feb although we were looking for bearish movement this week!!
in the previous update, we recommended scalping btc from $32K so if you still hold it be sure you book some profits.
The current movement, showing $38K as current resistance with a move inside rising wedge pattern, we can see shakeout movement from it but if bulls hold and push BTC to breakout this level in midday move, the next stop levels will be at $39K $41K
Current action:
If the 4H candle closes above $38500 you can take scalping trade with targets at $39K $41K, stop-loss below the candle low (only for pro traders, spot trading).
About our prediction:
even if btc reached $39K it`s will still normal movement, and our bearish scenario still remains active, as long as no close above $37K weekly or monthly. or break out the previous high at $42K ( During that we trade what happening).
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone based on that.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Hitting "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
