BTCUSDC trade ideas
Bitcoin's coming bottom price-timelineThe chart tries to guesstimate a time frame for bottom. I took a fib retrace from Covid19 bottom to Recent Top and .618 is coming in around 18.4k. I took the slant of the descending triangle and added a fib channel down to the fib retrace and it gives us a time frame. Using the fib channel's .618 line it shows that meeting the .618 retrace on Feb 22nd at 18.4k. The descending triangle measured move takes us lower toward the .786 so it will be interesting to see how it plays out.
BTC down in the short termLooks like we'll continue down over the next 2 weeks at the very least (possibly 3wks) until we meet the 21 weekly EMA around the 26.5k level which it should reach somewhere between Feb-14 and Feb 22.This should also reset the RSI to 60, after that it should be off to the next leg of the cycle to a 64k target.
#BTC Short-term update 21/1/2021Bears breakdown $33K in mid-day move and that was a key support for bulls!!
The current movement shows btc move near the first support levels at $30K in the last updates we shared with you.
By closing daily below $33K next targets for bears will be at
$26K
$23K
$21K
for now, we can see some defense from bulls at $31/30K but btc still bearish as long as bulls don`t push the price above $35K again and close above it daily/weekly.
Current action:
if you are good with scalping you can handle with $31/30K for scalping trades, if not, then wait for our signal.
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 great and supports us provide more ideas❤️
Good luck to all.
we ask Allah reconcile and repay🙏
3 possible ways for the next moments of BITCOINTechnical analysis regarding the price of BITCOIN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price has been respecting this downward trend line that has been formed, as it left falling tops and has been walking in a bearish manner.
The price may touch again and retract in that region, and may rise sharply to break and continue its upward trend.
You can go straight, making the bulls breathe at that moment a little consolidated and, already push the price upwards - in case we see a significant increase in volume close to the trend line -, breaking this region, and soon after, perform a pullback and proceed.
The price may break through this support region at 30k608, pull back and pick up the area below the price, which coincides with Welles Wilder's 400-period Moving Average.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
#BTC Short-term update 20-1-2021#BTC Bulls fails to breakout the blue trend line and BTC price dumped by -10% to $35K again. in the last update, we explained the effect of this trend line!!
The current movement for BTC above critical support at $33K
if bulls holding and price rebound again to $37K, in this case, will see BTC breakout probably.
if the Bulls fail to do that and the bears breakdown this support zone we will see $30K as the next level for bears!!
in time like that, you have two option to do:
1-Open long position from support area with tiny stop - loss.
2-Wait for confirmation and trade with market direction.
Nevertheless, we have already published this notice since 3 days ago,
we want you to be sure you follow that, if you are involved with any trades, be sure you follow risk management, book some profits, move sl to break-even or entry!!
BTC Pumped, ETH Pumped, and alts in good condition since 3 Jan
So once BTC breakdown and personally i looking for that( i can be wrong), even if the chart looks good!! everything will be bleeding
So, the main rule to be safe in the market and help you to survivor is risk management, so be sure you follow it, doesn't matter bullish or bearish.
The current bullish targets above $33K located at
$36K
$40K
$46K
$51K
Bearish targets below $33K located at
$30K
$26K
$23K
$21K
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 great and supports us provide more ideas❤️
Good luck to all.
we ask Allah reconcile and repay🙏
Profit only for the patient [BTC]31k $ -37k $ the price will fluctuate a lot, but this is only to introduce uncertainty to the market, also it's just a psychological trap. Bitcoin is currently very attractive for corporations and large investment funds, so I am sure that the price of 50k $ in the nearest future is a very likely scenario
I recommend long
Small personal moment when the light came on.Not providing any analysis, predictions or commentary. Simply proud of this small moment after watching countless numbers of some of the greatest ideas from really excellent minds on this platform. I've never drawn, charted, laid out... This is just a simple thing but when a person finally gets the confidence in the right time frame, oscillators, and simple drawings to follow through and see their prediction come true it's a small moment. I went to bed when the small shooting star closed and was elated to see it all come together. Folks, I'm a newbie and a really old one at that. It's the small accomplishments in life that mean the most sometimes. Thanks for letting me share my growth in trading.