Bitcoin Bullish ScenarioI would want to see three things align for a bullish scenario. The first has been fulfilled which is a bullish Ichimoku cross. The second is for Bitcoin to not only tap this liquidity above but to flip this region and form support. Finally in order to support the bullish cross I'd want to see a green cloud forming to confirm a shift in trend to a bullish environment. The macro aligns for this opportunity lets see how it plays out.
BTCUSDSHORTS trade ideas
🅱️ Amazing! Part 2 | Bitcoin Weekly Update ($30K to $40K Next) We had a major bullish signal as a hammer on last weeks session... But there is more.
This week we have three major additional signals that support a Bitcoin rise to $30,000+ and beyond.
Let's look at those.
Feel free to 🚀👍 boost/like to get started!
Bitcoin this week is already trading above EMA50. This is a most important level and where we had a rejection mid and late February. Above this level $30,000 is easy and $40,000 possible.
The MACD is entering the bullish zone to the upside for the first time since the year 2020.
The RSI is about to hit 60 and its highest level to the upside since 2021.
These are very strong bullish signals.
Another signal that is developing and might confirm this same week is MA200 weekly.
This level sits at $25,346.
Bitcoin closing above it and our $40K target is basically guaranteed.
Good days ahead.
Cryptocurrency is bullish.
The Altcoins are bullish.
And the charts are pointing to sustained growth for many weeks.
Enough time to buy and hold and later sell to secure profits.
Namaste.
Above all key levels, will it hold?STEADY LADS -
Greetings traders,
I am excited to share my bullish outlook on the market with you all. As I see it, the correction is behind us and the bull market is back in full swing. In fact, I am more bullish now than I have been in the past seven years.
I firmly believe that we will not be dipping below 20K any time soon. We have successfully moved off of all critical support levels and have even broken through all the resistance levels that I had previously identified. This is an incredibly positive sign for the future of our beloved market.
Of course, we may encounter some bumps along the way. For instance, we might see some slowing down around the 26K mark. However, I am confident that this will be a temporary setback and that we will eventually see 28K-30K becoming our new support levels.
All in all, I believe that we are in for a bright and prosperous future in the market. So buckle up, my fellow traders, and let's enjoy the ride together. Cheers to profits and success!
I'm not saying it's up forever from here - it should correct. but I'm buying more on any dip, obviously.
I HAVE SEEN THIS PATTERN BEFOREBitcoin is forming a head and shoulders pattern on weekly time frame.
The larger the time frame, the more positive probability it is.
But, this will play out when BTC breaks the heavy resistance on it's current price at ($24.4k - ish).
But don't forget to anticipate the consolidation inside the demand and supply zone. Let's just follow and ride the trend.
But over all, $BTC is freaking bullish. Bullish bullish bullish!!
🅱️ Amazing! | Bitcoin Weekly Update ($30K to $40,000 Next)The weekly session just closed and Bitcoin ended with a very strong bullish candle.
This is a hammer with a super long lower wick.
Bitcoin Weekly Hammer = Low Set/Support Found
Bitcoin moved down on a strong shakeout move but bounced before reaching the 0.618 Fib. retracement level and closed the week above EMA10, sending a very strong bullish signals.
Patience is key my friends.
✔️ Bitcoin is ultra-bullish above $23,500.
✔️ Bitcoin is mega-bullish above $22,222.
✔️ Bitcoin is strongly bullish above $20,000.
The current price points to $30,000 as the next target and $40,000 still in the cards in this current bullish wave.
You can find our trade signal with full numbers, 10X lev. below.
🅱️ 10X Lev. BTC (XBTUSD) Long Trade Signal (730% Potential)
Thanks a lot for your amazing support.
Thanks for the trust.
Good days ahead.
Namaste.
Arise from the Ashes, but what about the underpinning?From the low of the 2018-2019 bear market to the peak of April 2021:
High: $64,200
Low: $3,120
0.236 retracement level: $13,207
0.382 retracement level: $22,138
0.5 retracement level: $33,660
0.618 retracement level: $45,182
From the low of the 2018-2019 bear market to the July 2021 crash low:
High: $64,200
Low: $28,800
0.236 retracement level: $37,332
0.382 retracement level: $46,956
0.5 retracement level: $46,500 (between 0.382 and 0.618 levels)
0.618 retracement level: $56,580
From the July 2021 crash low to the November 2021 double top:
High: $69,420
Low: $28,800
0.236 retracement level: $43,064
0.382 retracement level: $51,182
0.5 retracement level: $57,610
0.618 retracement level: $64,037
From the November 2021 double top to the November/December 2022 low:
High: $69,420
Low: $15,500
0.236 retracement level: $26,393
0.382 retracement level: $36,655
0.5 retracement level: $42,460
0.618 retracement level: $48,266
Catastrophe ahead?- In a previous analysis, prices were considered to retest the $19.8K region as well as the long average of the daily chart. A priori, this is exactly what happened!
-For the next few days we have the long average served as support for prices, where we can see attempts of rebounds up to the region of $22.1K. If prices fail to stay above this level, it will unfortunately open up grounds for us to have a test in the $18.1K region.
-If prices do not respect the $18.1K region, it is wiser to expect us to aim for the $16.8K region
-On the weekly chart we have prices losing the long average (a bad sign) as well as having a symmetry of daily and weekly targets. Will we see a catastrophe soon for BTC?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other analysis!
BTC Longs Bart Pattern?The BTC Longs got a massive run up when Luna crashed (BTC price at 30k) and again when Celsius crashed (BTC price 25k) and has flat lines ever since
This would mean logically that all those millions of dollars worth of longs are STILL under water. The BTC price topped out at their break even point from when they entered at the time of Celsius fall.
Is this going to be a MASSIVE Longs squeeze?
Assume it was the same person (of country government) if you average out the difference between the 2 massive run ups it would be around 23k
A 2x leverage would get liquidated at 11.5k which happens to still have a CME gap open as well as the lowest one down at 9.8k
So, I assume the price on BTC will wick down to 7.8k and close candles around 10k
price to reject 200/50 cross area and test 20 as supportwell, the price has been throwing us a lot of mixed signals lately, however i believe it was necessary that was test and reject this area, being that we are witnessing the first weekly death cross in bitcoin history. we have already been rejected from these MAs on the market cap chart, so i think it is likely we will print a firm rejection on this weekly candle and move to breakdown the wedge over the rest of this month. we are at the top of the wedge, at the top of the weekly bollinger band. ive been trying to graph this wedge for awhile now, i believe this is the final form. charting weekly charts makes everything a waiting game, time will be our friend here, upside is very limited by the MAs right now, so longing before a break over is irrational. conservative target is bottom trendline of the channel, then 50MA, then local low, then discovery.
2b reversal in #BTC chart Overview
The 2B reversal pattern, also called the "spring pattern", is a popular chart pattern professional traders use to identify potential trend reversals. It occurs when the price appears to be breaking down or up and then suddenly bounces back up/down, forming a "spring" or "false breakout" pattern. This pattern indicates that the trend is losing momentum and that a reversal is coming.
In a bearish market, the "spring pattern" occurs when the price of an asset breaks below a support level , causing many traders to sell their positions and causing the price to drop even further. However, the selling pressure eases at some point, and the price begins to rebound, "springing" back above the support level . This rebound creates a long opportunity for traders who can enter the market at a lower price.
In a bullish market, the "spring pattern" occurs when the price of an asset breaks above a resistance level , causing many traders to buy into the asset and drive the price up even further. However, the buying pressure eases at some point, and the price begins to decline, "springing" below the resistance level . This decline creates a selling opportunity for traders who can short the market at a higher price.
█ What are the benefits of using the 2B Reversal Pattern?
The benefits of using the 2B Reversal pattern as a trader include identifying potential buying or selling opportunities with reduced risk. By waiting for the price to "spring back" to the initial breakout level, traders can avoid entering the market too soon and minimize the risk of potential losses.
█ How to use
Traders can use the 2B reversal pattern to identify reversals. If the pattern occurs after an uptrend, traders may sell their long positions or enter a short position, anticipating a reversal to a downtrend. If the pattern occurs after a downtrend, traders may sell their short positions or enter a long position, anticipating a reversal to an uptrend.
█ Consolidation Strategy
First, traders should identify a period of price consolidation or a trading range where the price has been trading sideways for some time. The key feature of the "spring pattern" is a sudden, sharp move downward/upwards through the lower/upper boundary of this trading range, often accompanied by high volume .
However, instead of continuing to move lower/higher, the price then quickly recovers and moves back into the trading range, often on low volume . This quick recovery is the "spring" part of the pattern and suggests that the market has rejected the lower/higher price and that buying/selling pressure is building.
Traders may use the "spring pattern" as a signal to buy/sell the asset, suggesting strong demand/supply for the stock at the lower/higher price level. However, as with all trading strategies, it is important to use other indicators and to manage risk to minimize potential losses carefully.
Updated Elliot Bearish IdeaIn my opinion c retracement is not finished yet 4th wave would be a so short if c wave ended and bearish started. It could not be happen so I guess that this is 4th wave with extended b. There is notthing wrong to happen this scenerio c should also be longer than a if it is extended b flat in biggest timeframes.