Bitcoin intraday looks VERY GOOD!!!Super BULLISH for $BTC!!!!!!!
1Hr & 4Hr show very GOOD VOLUME.
Shorts still piling on & #BTC just keeps going higher.
This is VERY GOOD IMO!
#bitcoin could get to 28K!
Return would be 12% from buy zone (@ 10X Lev).
To get ton more data & frequent check our profile.
#crypto
BTC1! trade ideas
$BTC showing great resolve atmGREAT NEWS for $BTC!
#BTC buy volume came in on that dip a few minutes ago
(Looks like shorts were part of that - they could be hurting soon if they don't cover)
Intraday the "long term" down trend is still there BUT now is a good a chance as any for it to end.
Furthermore, #bitcoin daily broke up trend. HOWEVER, weekly, depending on where we close today it can stay intact.
#crypto
Wait for the gap to fill then LONG it (i.e. time to SHORT now)Simple and straight forward. Wait till the CME futures gap is filled (around 20k), then long the crap out of btc.
In the meantime feel free to short it!! Just be careful, actual btc may not drop as low while futures may do a very quick dip to 20k area before bouncing hard. Close to bottom is better than exact bottom of the dip.
Cheers!
Bitcoin analysis using Chaikin Money FlowCRYPTOCAP:BTC Chaikin Money Flow is INTERESTING indeed!
You can tell when the top was forming.
Since then that top, we did call it, #BTC has struggled pretty bad with small pumps here and there.
However, look @ it now
CMF has been creeping higher, slowly.
We could be very close to a #bitcoin bottom.
Want to see CMF north of Zero.
Let's proceed with intraday data.
Focus on Blue Box for CRYPTOCAP:BTC
Left side:
CMF cratered, showed warning signs early on, close to top.
We did warn before it happened, it was tough area for #BTC to break through. It used to be staunch support (now it's turned to resistance).
Right side:
That's a nice pump for #BTC CMF in such a small time frame, interesting indeed
Hourly
#Bitcoin shows ray of hope.
$BTC @ IMPORTANT junctionWe're @ an important junction for #BTC.
MAJOR SUPPORT is all over the current area.
The following charts show how CRYPTOCAP:BTC has reacted historically in the area.
2022 many tries but didn't break out
Eventually in 2023, after a few tries, it would break out.
It then acted as support in March & currently.
Going further back:
Dec 2020 was the only instance where it faced this area
It broke out and didn't look back.
CRYPTOCAP:BTC sold off and bounced in May 2022.
However, next time it didn't even pause on the break down.
As mentioned before, #BTC couldn't break back above all of 2022.
The 24-25k area is VERY IMPORTANT for #Bitcoin
Back to NOW:
Intraday has some buying, need bounce SOON
Bitcoin Falling WEDGE!CME:BTC1!
CRYPTOCAP:BTC is still in the falling wedge we have been following for a while now.
For Long Ideas: We are waiting for reaction in highlighted Zone 24k to 25.6k for possible target to 30k to 31k zone.
For Short Ideas: Waiting on bearish retest of the same Zone and possible targets are 21k, 20k zones.
Today FOMC Interest Rate Decision data comes out at 14:30 EST. Previous 5.25 Forecast 5.25.
On larger time frames these events have smaller impact. Scalping ideas can plan for the volatility on lower time frames.
200D MA must hold to prevent further downside.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
$BTC @ do or die levels, Bull can still be alive but hurtingCRYPTOCAP:BTC has been @ #2 for a while now
There's nothing to see on the 4Hr chart so went to 1HR
We're beginning to see POSITIVE Divergence on the Relative Strength Index
(Date that is important)
The 25kish area for #BTC is VERY IMPORTANT
If #Bitcoin closes under it that's not good
Could go as low as the Gap Fill
Shorts have tons of ammo if they need it
#crypto
BTC CME futures makes me expect more dumpingI had these levels from weeks ago, I had highlighted the liquidity gaps, first one was already filled but the next one it's a big one which includes a classic liquidity gap + a gap created by CME closure.
Historically speaking the closing gaps are always filled, moreover the zone over that it's basically a liquidity gap on daily, on the 4h it contains 2 different liquidity gaps.
I keep being bearish because, despite people calling the bottom in I don't see much bullishness around, however I suggest everyone to find what you wanna buy and start DCAing because, for experience, you recognize the bottom when it's too late!
Short 26000 05.05.2023 (eng)Any phase of the market, no matter how long it lasts, ends
A hell of a long and exhausting trade
The time has finally come.
I opened Short of 05.05.2023 18.59 at the price of 26.000
The previous Long of 06.01.2023 closed at +53% without the use of leverage
Let's see what surprises the market is preparing for us this time
It's about POWER, not regulation, $BTC still in pattern!!!Haven't seen 1 account speak on what we've said for about 2 years now, in reference to gov & #CBDC and them not liking competition
NOT 1
Many #CEXs have asked for guidance & what have they received? NOTHING!
This is NOT about #crypto protection!
This is about CONTROL!
#DEX #BTC #GOLD #SILVER
ANYWAY
CRYPTOCAP:BTC still looks good.
Pattern we highlighted some time ago is STILL in PLACE.
Picked some #BTC up after hours last night.
Check the BUYS on 4Hr chart.
Shorts were not heavy so this is outright BUYING!
#Bitcoin still looks good imo!
#crypto
Bitcoin Flag!CME:BTC1!
CRYPTOCAP:BTC is printing a falling wedge on 1D and looks like possible retest at pullback area 25.2k.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
You don't have to be in a trade. Let Price show you and execute your edge.
Waiting for direction with Plan A Plan B in place.
Potential for:
Long:
Breakout of wedge with target to 31k
Bullish Retest of 25.2k zone
Short:
Bearish Retest of 25.2k with possible target to 21.5k area near the Gap between 20330 and 21110
Breakdown of current level and bearish retest for move to and breakdown of 25.2k level.
200D MA must hold to prevent further downside.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
HOW PRICE OF BITCOIN WOULD REACH FOR $34KPrice takes out the Buyside Liquidity on Tuesday and now heading for the Sellside Liquidity.
Whenever price takes a Liquidity, there is always a Higher time frame PDArray that it directly trade off from and that is the Bullish OrderBlock
I want to see price of Bitcoin to take off to $34k from the Bullish OrderBlock
Take a Look at my previous analysis on Bitcoin
$BTC still looks okay, IMO don't listen to naysayersMany are saying #crypto doesn't look good
We've called almost every top & bottom this year, so far, & Some have been almost to the hour
IMO #cryptocurrency looks okay and is experiencing a NORMAL correction
CRYPTOCAP:BTC stuck between 2 trends atm
Which one will win?
If #1 breaks #BTC is @ 25k
#bitcoin sells have been more recently but nothing out of ordinary
Bitcoin Head & Shoulders Still in Play!CME:BTC1!
CRYPTOCAP:BTC is still in the head and shoulders.
My original idea was posted on this link: tinyurl.com and can be referred to.
Price Action is printing a downward channel providing ideas for a possible retest at the 25.2k zone.
But the price action stays in the pattern until break of structure.
Plan A: Short to 24k and possibly 21k ... (you could possibly get higher entries if the price is going sideways).
Plan B: Long on successful retest with first target to 31k and on successful SR Flip to 45/48k!!
Step by step - let the price come to you at an area of value and enter on trigger.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.