GoldHatTrader

GoldHatTrader

BTC quick update, BTC is finding some resistance, however I think the buying pressure is strong, holding above 64k and there is a strong chance for a total breakout of the down trend and hopefully it makes a rally to the all time highs.

GoldHatTrader

As I expected BTC rejected at 66k and made a pull back to 60k, as I mentioned before not holding 62k BTC might just get bearish, and I still expect that. But for now the short term is showing a lot of demand at 60-61k, so keeping this demand will impulse the market to around 64-65k, if it fails to pass resistance (the most likely scenario) then it will continue...

GoldHatTrader

BTC did great breaking all the way to 66k, however 66k is a super resistance and I was not expecting BTC to break it out of it, As the result of that (price action wise) now BTC has to test immediate supports which are at around 62-64k there is a very strong chance that it will hold due to BTC bullishness (or the desire to be bullish) Not holding 62k then a...

GoldHatTrader

There is a tremendous amount of volatility incoming for today/tomorrow, The market will try to push down but there is a lot of buying pressure to the upside that it might just break to the upside, If it goes down and it stays above 63.5k then it will break to the upside. Let's help the bulls and get some longs if the 63k line holds or if it breaks above...

GoldHatTrader

BTC is still in a downtrend channel, to get out of the channel is at around 61.3k I think we will see a bit of rejection at those levels. However on the other hand there is a lot of demand on the 56-67k line which if rejects from 61.3k will serve as a good bed for a reversal. My idea is to long if it breaks above 61.3k or long after reversal if 56-57k line holds strong.

GoldHatTrader

Bitcoin is starting to see some rejection after the automatic rally, Its now heading to test the 56k, if 56k holds strong then we might see a good push back to the 66k again, If BTC breaks below 56k but it finds support in the 48-50k line (the most likely scenario) then I will expect another push to the 70-75k line this time.

GoldHatTrader Updated 

BTC A little bit of money is pouring in however I still don't have my hopes up, I think we will see some rejection at around 68-69k, I think it will test the support of 66.6k again and if that holds then it will rally higher then 70k after. But let's take one step at the time, for now let's focus for a scalp to the 68-69k line.

GoldHatTrader Updated 

After BTC hit a pivot of 66,129 its getting ready for a small pullback, I think BTC will now retry the 60-61k support, I will be looking for a long scalp once BTC reach those targets.

GoldHatTrader Updated 

Money is pouring into the market, seems like BTC will make it to the 59-60k line, Remember holding above 60k opens the door for a retry to 70k

GoldHatTrader Updated 

Our last trade from 54k to 58k was great, congrats if you got in, now I am waiting for BTC to make it to 51-53k again for a retest of support, if it holds above 51k then we get in again for a ride to 56-60k, I will see how strong is the wave once we get there, for now let's focus on 58k down to 51-53k

GoldHatTrader Updated 

I mapped the potential pivots in which bitcoin may try to turn around (reverse) if 73k was the top (most likely its) then It will try to stop at 53k, 45k, 40k, 35, 25k, with 32-35k being a strong point of support but I think 20-25k will be the selling climax This is speculation only, BTC can change direction at anytime and the market is known to do the opposite...

GoldHatTrader Updated 

This is a continuation of my previous Charts, I think BTC will visit the 61-62k again for a liquidity grab and stop loses hunt as stated in my previous chart: after the liquidity grab I am expecting BTC to retry the 70-73k line, If too many people open shorts at 70-73k then I would expect another Higher High at around 78-80k

GoldHatTrader Updated 

BTC in the short term I think BTC will make a retest of the 63k to then start gaining some momentum to the upside around 69-73k, I think it will reject at around 73k but anything could happen, this is the market after all, I would like to see BTC breaking above, but we are yet to see how it will behave when it start reaching those levels, we will see when we get...

GoldHatTrader Updated 

It makes sense from a market maker perspective. Why would I push prices down if I know its going to get bought, No point in going down now.

GoldHatTrader Updated 

Bitcoin is at a critical pivot point currently, It might go sideways here with a change of some sell outs happening, however if the price of BTC stays above 59-60k there is a strong chance that BTC will make it to the last Elliot point (5) If BTC successfully maintain the price above Elliot wave (4) then I will expect an all time high at around 80-85k Always put...

GoldHatTrader Updated 

As stated in my previous chart I was expecting a dip to 59k (it actually went down to the 57k levels, No harm done we bought the 57k without problem and rode the wave all the way to 71k) so What do I see bitcoin doing next? Obviously more pump but before it does I think it will go down to buy out all the shorts and stop loses, my targets to watch this time: will...

GoldHatTrader Updated 

Ok so the market broke down structure, (that's never a good sign) however its trying really hard to turn around but its still undecided yet, There are 2 outcomes and it will all depend on what BTC do at 62.8k (63k) If the price line fails to go above 62.8k and hold then that would mean a rejection of the uptrend and a change of character to the downside and a...

GoldHatTrader Updated 

Stop loss triggered at 56.8k Let's see if it goes to 51-53k to get in again and see if this time will hold.