Pullback to sell when reaching long time bull channel?I am bullish btc, but this violation of long time bull channel, may provide oportunity to short or at least reduce exposure.
USDCBTC trade ideas
IMPORTANT UPDATE!!! IS IT A FALL FOR BTC OR IS IT JUST A RETEST?Hello guys,
BTC is at a critical juncture and we could see a fall in BTC soon.
On 8th Oct 2020, BTC broke above the 50 D MA in a daily chart, and since then it never went below that MA. It is also interesting to see that this is the 3rd time BTC is falling big and this time it's different.
Here is the reason why it is different this time. In any trend whether it is bullish or bearish, it is important for a chart to form a pattern in order to continue the trend. BTC was forming a higher high and higher low pattern but now it has formed a lower low which indicates a bearish scenario or you can say a trend reversal. This moment right here is not good for BTC.
If we only look at the patterns then BTC is bearish and it could go down to $45k which is the 1st support level for BTC. On the other hand, we still have hope and that hope is the 50 D MA (which is at a $51k support level). If we pay attention to the 50 D MA in the daily chart then we'll notice that BTC has always bounced back from the 50 D MA.
This is it if BTC breaks the $51k support level then $45k will be the next support level and that will confirm the trend reversal.
Potential Entries for BTCLooks like we're headed for a re-test of support before rocketing up to ATH
precision BULLISH 5-0 🚔 confirmed at the .5 pattern completion with reaction through the 382 to the 618. look for potential break back down to price reversal zone and optimal price at the 618 extreme trend. stop below 618 and targets back up at the golden zone retracement and fib extensions for ELON.
Is Bitcoin #BTC getting to it's NEW ATH soon? (Flag pattern)This looks so healthy, doesn't it?
Lets bounce on that 50D.
🪙💸Let's go!
Let me know in a comment, would love to see this shared or just push that like button if you agree with the Idea.
- Try to open your entry if the price will show it according to your OWN strategy.
- Don't forget your SL
*Remember: This is just an Idea, no financial advise!
LONG BTC HERE!!This was a retest for BTC. You can enter a long position here. I am expecting BTC to reach $58K soon. Like I said in my previous chart, BTC is bullish in a longer time frame.
Entry: CMP
Targets: Fill free to exit when you see a good profit. I will do the same.
SL: $47400
Happy trading.
BTC back to $44k!!!Well! What do we have here?
Another fall for BTC!!
In a 4h chart, we can clearly see that the bitcoin price is on the downside and it can most likely reach $44k and then bounce back. It is currently trending at the 21D MA support level. If it breaks then it may retest the $44k level.
In a longer time frame, BTC is still bullish and I am ready for it.
Now let's talk about Altcoins.
For the last couple of days, altcoins were pumped and it needed a retracement. I think this is the retracement taking place and I will go long on altcoins at the right time.
I would appreciate a like and a comment from you all.
Stay safe and happy trading.
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.
