BVOL7D trade ideas
Bitcoin runs out of steam once more!It depends on the time frame you are looking for, but it seems correction is more likely than the breaking above the resistance level.
Looking at the weekly and monthly chart makes it more clear!
Weekly:
Monthly:
Pay attention to resistance and support levels, closure below 50EMA will enhance more bearish case!
BTC 1h Elliott wave countPrice try to turn back by impulse but it resistance by trend line than reverse it look like in wave c now
BITCOIN / US DOLLARBitcoin is now at a strong resistance area
We expect it to move in a downside direction targeting 27225
The second target is 19,660 .
Ping Pong Uptrend got broke
We are just crabbing here
Dont get chopped up until the market decides what it wants to do
BTC 4h Elliott wave countAfter making 5 wave with ext 1
Look like price now in correction, first leg have broken below 24 trendline, look like it is 3 wave it may be flat correction if it can rejected trendline then break below that low 46500 of wave a it can go lower to wave 4 of previous impulse at 44000
Note: I have add some stupid adv count for indicator to have better scenario of what happens so new chart look like that
Breakdown of upwards channel, Bitcoin likely to correct moreWe are looking for a short target of $43,000 before bouncing off strong support. This is not the start of a bear market but rather a correction where lots of people took profits after hitting $50,000. The red line marks the downwards sell pressure. Bulls have staged some rallies but nothing managed to stick or clearly break through the red trendline. We are still bullish medium to long term, but bearish in the short term.
We need to see a solid break, not a wick but a close, above the sell pressure before resuming upward momentum. Market fundamentals are strong with little FUD and bullish news for Bitcoin. After a month of solid upward price movement, a correction was not a surprise.
BTCUSDTBitcoin On Very Strong Support We Can Expect Some Good Move From Here If Btc Didn't Breakdown Below $47000.
#Bitcoin #Btc $Btc #Crypto
BTCUSD LONGS Broke trend line... BTCUSD LONGS Broke trend line!
Are you Ready for BTCUSD Target 20k... ? or 17k... ?
I'm seeing a possible retracement towards 45-46kHead and shoulders formation sending bitcoin to down 48k and possibly further.
New Bullish rally or A correction?22% Blow the ATH and lots of resistance levels to pass ..!
IMO it can not be called a new bullish rally unless it closes above 64862..!
Key resistance levels:
Correction:
Conclusion:
53600-54700 is a very important level for bitcoin!
Auto Elliott wave count btc 1hBtc form 12345 on daily 4h and in last wave 5 that is what we have it could ext 5 or correction now
TICK-TOCK....BTCUSD longs have broken out!!!TICK-TICK!!! Wake up and pick your ponies before the rest of the market beats you to it!!!
Bitcoin vs Bitcoin11 Dec 2017 to March 2018: Bitcoin crashed 67% in 15 weeks, then had a 5 weeks +55% rally.
April 12 to July 19, 2021: Bitcoin crashed 55% in 14 weeks, then had a 4 weeks 65% rally.
History tends to repeat itself!
Do you know what happened after April 2018???
Bitcoin went down another 68% in 32 weeks.
What is going to happen in the next 30-33 weeks should be very interesting.
Looks like closing Bitcoin longs is acceleratingMassive amounts of leverage longs since 29K, they have been closing for the last few weeks. Looks to be accelerating.
BitcoinWeekly RSI on bitcoin is getting rejected by the resistance line and my push the price to the next support
BTC Adjusted idea with formation Possible retest of the bottom of the uptrend channel from the two-week trend. Watch out for the zone marked in the price tag
look for fib 0.5 (black zone) and fib 0.618 (orange zone)
If we hodl they we can see upside trend continuation
BTC Adjusted ideaPossible retest of the bottom of the uptrend channel from the two-week trend. Watch out for the zone marked in the price tag
look for fib 0.5 (black zone) and fib 0.618 (orange zone)
If we hodl they we can see upside trend continuation
BTC AS Last Anlaize Btc compliting 3 wave zigzag correction
I think las bullish Movement is a bull trap but im waiting for mid term Bullish Signal
Be careful evry movment and wave have corection. dont enter in top
and is nod financial advice just Analize
good luck
Bitcoin update = Neo, Red Pill or Green Pill? 08.13Hey guys 1PERCENT here,
Bitcoin and alts are rising viciously and the market is showing a lot of positive signs.
It seemed like Bitcoin wanted to go through some correction yesterday but the break of the monday mid range turned out to be a deviation and bitcoin came back to the range high.
If you don't have a position right now it is best to wait for an important level to break.
1. Bitcoin breaks $47201 and retests, then long to the next resistance ($51570).
2. Bitcoin rejects the range high to form a triple top. Short till the range mid then the range low
Since July the 20th Bitcoin showed a gain of 60% and many altcoins showed 100%+ gains. It's time to stay cautious since we are at a major resistance after a substantial run.
Liquidity is low during the weekends which means there's more volatiliry. Please do be careful out there with proper risk management.
Have a great weekend!
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