MrXade

MrXade

We've broken out of balance and are now leaning more towards short positions. A HAMMER signal appeared on the 1D chart, which could suggest a potential reversal. In my view, a strong sell zone would be around 104,730 for now, but it's important to wait for supporting signals. Stay tuned for updates! 🚨📉

MrXade Updated 

If today’s price closes above the 1D sell level at 104,630, it means we’ve broken out of the current range and are back in an uptrend. However, if it doesn’t close above this level, it could be a false breakout, and the market might stay range-bound for now. Let’s keep an eye on that close! BINANCE:BTCUSDT.P

MrXade

Notice how the test level, formed after the breakout, held perfectly, leading to a 1-bar spring. Following the 1-hour spring, an entry point could be spotted on the 5-minute chart.

MrXade Updated 

At 9 AM on December 13, the market established a balance. I'm anticipating the price to approach the resistance level at 100,480. At this point, we might experience either a false breakout or a genuine breakout. If a reliable upthrust occurs, it could present a favorable entry opportunity on the 5-minute chart. It's important to note that a spring pattern formed...

MrXade Updated 

Since 9 PM on December 11, the 1-hour chart shows an uptrend, with support levels forming at 99,587 and 100,309. A double-bar spring appears to be developing at the 100,309 support, with the first bar showing a notable volume spike and the second bar still forming. If this spring completes and confirms, the price could rise toward the next resistance level. After...

MrXade Updated 

It looks like the market's been moving sideways on the 1-hour chart. Yesterday, December 10, 2024, the price slowly climbed to the resistance level at 98,341 and then took a sharp dive. We were hoping for a more obvious fake-out at that resistance, but instead, the price just touched the level and dropped. After that steep fall, buyers pushed the price back up,...

MrXade Updated 

On the daily chart, the market is in a consolidation phase, showing both a single-bar upthrust and a double-bar spring. On the 1-hour chart, a downtrend began on December 9 at 11:00 PM. For a potential short position, watch for an upthrust near the 98,320 resistance level, confirmed by strong volume and price action.

MrXade

We've initiated a short position on the 1-hour chart, setting our sell level at 99,134, which aligns with the base of the sell effort bar. Currently, trading volume has decreased, indicating a lack of strong interest from both buyers and sellers. I'm anticipating that the price will approach this sell zone with minimal buying activity, at which point I expect...

MrXade

On Thursday, December 5, 2024, the market formed a substantial upthrust bar at the resistance level established on November 23. This upthrust bar exhibited significant volume, with a positive delta volume indicating that buying pressure slightly exceeded selling pressure. However, an upthrust bar, characterized by a wide range and high volume closing near the low,...

MrXade Updated 

Bitcoin has recently achieved an all-time high, surpassing $100,000. Currently, there is no sell zone on the 1-hour chart, and the price has moved beyond the sell zone on the 1-day chart. However, since the price is near the 1-day sell zone, caution is advised when considering long positions. A potential buy zone exists between 97,500 and 98,200 USDT on the...

MrXade Updated 

As of 3:00 AM on December 5 (UTC+7), the 1-hour trend turned bullish. A buy zone has formed at 97,517 USDT, where traders can watch for a spring on the 5-minute chart. However, caution is advised: during the 2:00–3:00 AM interval, the bar at 3:00 AM exhibited the highest volume. When a breakout concludes with a bar showing peak volume—whether at the top in an...

MrXade Updated 

At 8:00 AM (UTC+7) on December 4, a balance formed in the sell zone at 96,374 USDT, following an entry with a bearish tendency at 12:00 AM on December 3. After this upthrust—a temporary price increase above resistance that quickly reverses—there was no significant activity from either buyers or sellers. On the 5-minute chart (M5), no definitive levels have been...

MrXade

📅 Date: Tuesday, December 3, 2024, 03:00 (UTC+7) Market Analysis: - 📊 Daily Chart (1D): Impulse phase with a long tendency. Zone: Neutral. - 📈 Hourly Chart (1H): Impulse phase with a short tendency. A two-bar Spring pattern formed at T1 buy level. - ⏱️ 5-Minute Chart (5M): Impulse phase with a long tendency. A two-bar Spring pattern with a test formed at T2...

MrXade

It is apparent on the daily chart that the price tendency has become uptrend. A buy zone has formed at 19600 due to price testing of the Jump Over Creek (JOC) bar. I expect the price to get back to that buy zone and show a reaction by bouncing up. Make sure to implement a stop loss in case of entering any position. Good luck! Sam Veisi

MrXade

A good buy zone has been formed on the daily chart. The price has tried to test it and has reacted well to it, amplifying the chances of an upward movement to the 1/2 zone. On the other hand, on the 4-hour chart we have almost got a balance. However, it is likely for the price to form a Jump Over Creek (JOC). Shoot your ideas! Sam

MrXade Updated 

As mentioned in the last idea , a spring is formed on the 4-hour chart. The price can test the spring and then go up for the sell zone at 20155. It would be nice to see your comments on my ideas! Sam

MrXade

We have an upthrust and a test on the hourly chart's sell zone. The sell zone also concurs with the 1/2 of the hourly downtrend wave. Consequently, the price may drop back to the buy zone at 19500. However, the only hindrance is the spring on the 4-hour chart (check out the next idea). Therefore, the price may either drop to 1/2 of the long wave or not drop at all. Sam

MrXade

As I mentioned in my previous idea (see link below), the tendency in the daily time frame is short. idea However, It can't be unimaginable to expect a pullback up to the 1/2 zone (demonstrated on the chart) at 20750. But as I had said, we need a reliable signal worth risking to open a long position. Currently, you can look for short positions in the hourly and,...