BTC Short25.2k has heavy support. 5x down would be a nice trade, nfa ofc.
TP1-26.6k
TP2-25.255k
If broken TP£_
23.2k
GL.
XBT30M trade ideas
BTC Chart A simple enough BTC chart with key levels.
Personally, very LTF-Bullish.
Pending Monday close, CPI data and more to see if we dump to test 25.2k and fly. I would predict 48k BTC within 2 months(or less). Don't trade with high leverage, scam wicks will occur of course. Play it smart!.
NFA.
Target HTF 48k.
BTC Long Short timeHere's an analysis of a long-term Bitcoin (BTC) trade, followed by a short-term prediction:
Long-Term BTC Trade:
As per your analysis, you believe that Bitcoin will go down in the long term. Let's consider a potential long-term trade strategy based on this outlook.
Trade Type: Short Selling
A short selling strategy involves selling an asset, such as Bitcoin, with the expectation that its price will decrease in the future. If the price does indeed go down as expected, you can buy back the asset at a lower price, thus making a profit from the price difference.
Trade Timeframe: Long-term
Long-term trades typically span several months to years, as they are based on long-term price predictions and trends.
Entry Point: When BTC is at a High
To implement a short selling strategy, you would want to enter the trade when BTC is at a relatively high price, as you believe the price will decrease in the long term. You may use technical analysis or other market indicators to identify a high point in the BTC price.
Stop Loss: Above the Entry Point
To manage risk, you would want to set a stop loss order above the entry point. This means that if the price of BTC goes above the stop loss level, the trade will automatically be closed to limit potential losses.
Profit Target: Below the Entry Point
As a short seller, your profit target would be below the entry point. You may use technical analysis or other indicators to identify a potential price target where you believe the BTC price will drop to.
Risk Management: Position Sizing
It's important to manage your risk by determining the appropriate position size for your trade. This may involve calculating the percentage of your account balance that you are willing to risk on this trade and adjusting your trade size accordingly.
Short-Term Prediction:
Based on your belief that BTC will go down in the long term, you may also have a short-term prediction. Here's an example:
Trade Type: Long Position
If you believe that BTC will experience a short-term price increase, you may consider a long position trade. This involves buying BTC with the expectation that its price will rise in the near future, allowing you to sell at a higher price and make a profit.
Trade Timeframe: Short-term
Short-term trades typically span from days to weeks, as they are based on short-term price movements and market trends.
Entry Point: When BTC is at a Low
To implement a long position strategy, you would want to enter the trade when BTC is at a relatively low price, as you believe the price will increase in the short term. Again, you may use technical analysis or other market indicators to identify a low point in the BTC price.
Stop Loss: Below the Entry Point
To manage risk, you would want to set a stop loss order below the entry point. This means that if the price of BTC goes below the stop loss level, the trade will automatically be closed to limit potential losses.
Profit Target: Above the Entry Point
As a long position trader, your profit target would be above the entry point. You may use technical analysis or other indicators to identify a potential price target where you believe the BTC price will rise to.
Risk Management: Stop Loss and Position Sizing
It's crucial to manage risk by setting a stop loss order and determining the appropriate position size for your trade based on your risk tolerance and account balance.
Please note that trading in financial markets, including cryptocurrencies like Bitcoin, carries inherent risks, and it's essential to conduct thorough research, use proper risk management techniques, and consult with a qualified financial professional before making any trading decisions. Market conditions can change rapidly, and past performance is not indicative of future results.
BTC fractalsHey waaaSUP everyone,
I thought i would share this idea with you all. On the left side back in the days of BTC price been cheap as chips, you can see ive drawn 2 boxes blue and violet. Then looking into the future on the right side you can see the fractal bars corresponding to the colour box on the left.
I am particulary interested in the fractal all the way back from jan 2017. I only say that becaaue the other fractal suggests we break down and double bottom, which many are calling, but the fact is, if it did that it would break the market structure (bottom blue dotted trendline)...... and BTC has never done that. We hit this line back in NOV/Dec 2022 ;)
And also things are different now, we have the WEF medling with things, we have the FEDs medling with things, we have inflation, and the new CBDC ???
BUT the main thing to keep an eye on is BRICS (Brazil,Russia,India,China,South Africa) we could be seeing the end of the petro dollar and the collapse of the dollar. This is defenetly plausable and that is why I suggest the probability is more in favor of the blue fractal.
Gold is coming back and the USA dont have much of it and the printing paper is running out.
I know its wack, that would mean BTC could reach ATH of $250,000 by November 2023. And maybe a precident for a new local bottom of $60K. Ooooohh
Remember its all about probability, and anything can happen.
peace and love
Wow that would be madness,
BTC My opinion about bitcoin 01.04.2023Setup for BTC, Invalid 4H close above 28587
SHORT OPPORTUNITY (BTC)
Short 28587.37,28235,28153
TP 26780,23971
SL 29140
Do we have an accumulation? But prices ask for correction!-A quick look at the current situation of BTC prices according to graphical analysis!
-Moderate upward monthly bias. First target at $29,187K successfully hit. Other targets: $34,421K (if not broken back to test $20.7K) and, finally, $37,655K (FIBO golden region) and region of second previous lost bottom.
-The bias of the weekly chart is bullish, however, the SETUP used is showing weakness, and that prices need to retreat to make a “pull back” in the region of $24K, top and pivot point of the most recent price rise ( 20%).
-On the daily chart, the so-called long average held prices and served as a springboard, where the “bulls” took advantage of the situation and pushed prices to the previous bottom, at $28.8K. At the moment, SETUP shows complete bullish weakness, suggesting that prices will have to correct. Do we have a continuation accumulation? But how can it be, if prices are faltering?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
Bitcoin 2nd Break out Soon?Bitcoin has been in a downtrend for some time now, recently been moving upwards and now it has encountered a second resist in my book, it broke out the downtrend from ATH line but now we have a candle close break-out pending. Once this break out, I am measuring last major touch on line led to a strong move downwards, i will use that same line to put towards the breakout giving me a idea where price might head to from the breakout.
Not a insane target lol, not a crazy prediction… Just Wizard TA.
Thank you and i wish all you good health.
Target i say is 57-58k ish
Keltner Mean Reversion Strategy ExecutionsKeltner Mean Reversion Strategy Executions. To be used in ranging Environments but watch out for vol compression then expansion.
Tradingview Decided to Remove XBT from the front pageInteresting, they replaced XBT with Volatility s&p500...
Someone must be pulling the strings XD
On a long enough timeline....you get pretty lines.PlaCED a Fib back to covid low and recognized some pretty lines. Not a pro chartist. Just looking for symmetry. I see 10X return from low in November 22.
Do we have bullish continuation accumulation?-I'll be quick!
-The monthly chart bias is bullish!
-The weekly chart is trying to form a bullish pivot, but I will only trust this bullish pivot if prices come to test the $24K region.
-On the daily chart, we have a confirmed bull pivot which could try to reach the region of $30.9K, where, if it has a lot of strength, it could also reach $35.2K.
-It is worth remembering that we have two important funds that need to be won: $28.7K and $34.1K.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
BTC Short 1:11I'm seeing a lot of resistance, and ascending wedge and possible H&S. TP point for the short are on the chart.
🅱️ Bitcoin | Let's Go Back To Basics (1, 2, 3)Let's go back to basics in order to determine where is Bitcoin at right now.
#1 Break of major downtrend
You can use either the linear (arithmetic) or logarithmic scale and both will yield the same result.
Bitcoin is now out of a major downtrend.
BTCUSD W Log:
BTCUSD W Linear:
#2 Accumulation phase
After moving out of the downtrend, Bitcoin enters accumulation from November 2022 to January 2023.
BTCUSD W Accumulation phase:
#3 Bullish breakout
After accumulation Bitcoin undergoes a bullish breakout.
BTCUSD W Bullish breakout:
- This bullish breakout produced the highest prices in more than 8 months.
- Bitcoin prints4 green candles for the first time since August 2021.
- Bitcoin produces the highest buy volume in years and also moves above EMA10 and EMA21.
- This bullish breakout is also supported by the strongest RSI in many years.
These are the basics.
- Additional signals can be found by looking at the MACD, it is the first time it goes bullish coming from a new low since May 2020.
- A higher high after more than a year of lower lows.
- No new lower low since 21-November 2022.
Conclusion
Technically speaking, Bitcoin is now within the January 2023 bullish breakout.
This is the most recent and relevant move for this Cryptocurrency, the rest is past history.
As long as Bitcoin remains within a higher low compared to November 2022, a higher high is expected next.
This is basic technical analysis based on price action.
Thank you for reading.
Namaste.
BTC ShortShoer to 25.2k, Very heavy PA around there in in the makes it the ideal place to bounce before continuation.
🅱️ Major Development, 1st Buy Signal Since July 2021 | BitcoinThis is the first "buy signal" the Renko system gives for Bitcoin on the weekly timeframe since the major bear-market.
For confirmation, the week needs to close above $24,000 which is almost a done deal.
This would confirm a change of trend, Renko-wise.
We also have a harmonics pattern and many more signals can be extracted from this chart.
We have a long-term higher low when comparing June 2022 to October 2020.
If we were to activate some indicators, the bullish reversal signals would show up in large quantities.
A change of trend doesn't mean that Bitcoin must necessarily go up but if you use the Renko system it would mean "buy".
✔️ Each time you get a green brick = buy.
✔️ Each time you get a red brick = sell.
That's the Renko strategy simplified.
Looking at past history you can see how successful this system can be.
Very simple... It can be used with other charts as well.
It is a great tool for trend change confirmation, for long-term traders and can also be used on shorter timeframes.
Namaste.
A nice hit!-I confess that a rise of more than 20% was not in my plans.
-In previous analyses, some scenarios were considered based on the current situation, and one of them would be prices testing the long average region at $19.8K on the daily chart, as well as the 50% FIBO region of the high pivot mounted on the monthly chart. A priori this is what happened!
-However, the following week, prices were strange suggesting that we would have a double top on the daily chart in the region of $25.4K.
-This did not happen, and caused prices to disengage from the long average (springboard) and rise more firmly, leaving a beautiful hammer on the weekly chart, which, with its break, served as an impetus to seek the region of $27.4K, leaving only the attempt to reach the upper region of $32.3K.
-The daily chart suggests corrections to the pivot point region at $24.4K, to form a “pull back” and look for the steepest target at $32.2K, which is a region of important bottoms lost.
-You will like this graphical analysis!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
Mastering the Art of Trading Bitcoin: A Comprehensive GuideTitle: Mastering the Art of Trading Bitcoin: A Comprehensive Guide
Introduction
Welcome to the world of Bitcoin trading! In this blog post, we will delve deep into the exciting world of cryptocurrency trading, specifically focusing on Bitcoin. Whether you are a beginner or an experienced trader, this comprehensive guide will provide you with the knowledge and tools you need to succeed in trading the world's most popular digital asset.
Understanding Bitcoin and Blockchain Technology
Before diving into Bitcoin trading, it's essential to grasp the basics of Bitcoin and blockchain technology. Bitcoin is a decentralized digital currency that operates on a peer-to-peer network called the blockchain. The blockchain is a public ledger that records every transaction made using Bitcoin, ensuring transparency and preventing double-spending. Familiarize yourself with terms like mining, nodes, and wallets to better understand the Bitcoin ecosystem.
Setting Up Your Trading Account
To start trading Bitcoin, you will need to create an account on a cryptocurrency exchange. There are numerous exchanges to choose from, each with its pros and cons. Consider factors like fees, security, user interface, and available trading pairs before settling on an exchange. Once you have chosen an exchange, set up two-factor authentication (2FA) to secure your account.
Choosing Your Trading Strategy
There are several strategies employed by Bitcoin traders, and selecting the right one depends on your goals, risk tolerance, and time commitment. Some common strategies include:
Day trading: Involves making multiple trades throughout the day, aiming to profit from short-term price fluctuations.
Swing trading: Focuses on capturing larger price movements over a few days or weeks.
Position trading: A long-term approach, where traders hold their positions for months or even years, aiming to benefit from sustained price trends.
Technical Analysis (TA)
Technical analysis is a popular method used by traders to predict future price movements based on historical price data. By examining patterns, trends, and indicators, traders can make informed decisions on when to enter or exit trades. Some commonly used TA tools include:
Moving Averages: Help identify trends by smoothing out price data.
Relative Strength Index (RSI): A momentum oscillator that indicates overbought or oversold conditions.
Fibonacci Retracement: Helps identify potential support and resistance levels.
Fundamental Analysis (FA)
Fundamental analysis involves evaluating Bitcoin's intrinsic value by considering factors like market adoption, regulatory developments, and technological advancements. By understanding the factors that drive Bitcoin's value, traders can make better-informed decisions on long-term price movements.
Managing Risk
Trading Bitcoin can be risky due to its volatile nature. It's crucial to employ risk management techniques to protect your capital. Some risk management practices include:
Setting stop-loss orders: Allows you to exit a losing trade automatically when the price reaches a predetermined level.
Position sizing: Allocating only a small percentage of your trading capital to each trade.
Diversification: Spreading your investments across different assets to reduce the impact of a single asset's poor performance.
Conclusion
Trading Bitcoin can be an exhilarating and potentially lucrative venture. By understanding the fundamentals of Bitcoin and blockchain technology, choosing a suitable trading strategy, conducting technical and fundamental analyses, and employing proper risk management techniques, you can increase your chances of success in the world of Bitcoin trading. Remember, the key to successful trading is continuous learning and refining your skills as the market evolves. Happy trading!
BTC MEGAPHONE ANALYSISBTC megaphone pattern appears to have already broken out & retested the upper TL. Looking for continuation to about 30.750. Alternatively, the short entry from this pattern is also included, but due to upward b/o, is very unlikely compared to upward continuation.
