Btcusdt made a cup & handle pattern on price action handle of the cup or flag is in the making we can trade between the range. Buying is recommended at the area of 54650 to 44700 with the stoploss of 36900 For the target area of Tp1 84000 Tp2 115000 & trail. If you're a leverage trader buy at above the breakout area of 74000. SL below 66000 Target remains the same
#BTC Hi, Friends! Good to see you all. I hope you have a joyful weekend. Let me explain the short-term perspective of Bitcoin ■ The BLUE resistance line has not been able to break through upward. ■Bearish Divergence as RED appears. ■Red short-term uptrend line is broken down. ■ Expected to fall after retesting.
🧠Adjustments at the weekly level are underway, so we still need to be alert to the risk of a pullback. ➡️From a structural point of view, the level of the double top bearish structure is significantly larger than the level of the double bottom bullish structure, so we may have difficulty reversing expectations of further corrections in the correction. Moreover,...
he price has finally hit the daily resistance DR1 and that triggers my short trade idea from there. I think the price will pullback here towards low timeframe support LTFS1. Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
🏃♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). 📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . 💡Looking at the chart of Market...
🔥When the ideal target zone is realized, there is an expectation of a callback, so we choose to close the position after reaching the target zone. Congratulations to the friends who followed Wolf King to print money and obtained a rate of return of 800%+.🎉💰🍻 🧠From a structural point of view, we have broken through the turning point, so the bull structure of a...
I plan to trade as a short chapter to check whether it is the A section of the 5th wave.
🧠From a structural point of view, we have broken the short defensive point, which means that the short structure is destroyed and we will continue the long trend with a high probability.📈 ➡️However, there is heavy resistance where it is currently, so please be cautious in chasing the rise. If there is a good callback, it will be regarded as a good new entry...
⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ). 🏃♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone). 🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves ....
The price finally went deep into the 4h support 4HS1 and presented an ideal opportunity to go long. That is a good support zone and therefore I have taken this long. The price may head way beyond the target. But for now we keep that as a target of this trade and we will revavluate later to continue this trade further towards 4HR1 and 4HR2. Let me know what you...
Hello friends, nice to meet you. Here's an amazing Bitcoin chart perspective today I always support your successful investment. I hope you do well with safe risk management. Go for it! Lowering the highs, the wave is moving in a downward trend. If you succeed in retesting after breaking the red downward trend line upward, you can think of it as open to...
Here is a short trade idea setup. I have taken this short trade with very tight stop loss. along with small position size. The price has moved up since we closed our long. It has now reached a key resistance level which was the level from where the price dropped last time. Therefore, this level will present significant resistance here and it will cause the price...
🔥We currently have a nice rally again near the buy zone and support line, which is very reasonable. 🧠From a structural point of view, if we continue to rise strongly from here and successfully break through the turning point, it means that the bullish head and shoulders structure has been established, and any callbacks in the future are opportunities for us to...
Weekly Chart: Yesterday, the weekly candle closed red, but indecisive, right on top of the support at $61,263, which is also the mid of the weekly range zone. The wide weekly range zone between $54,758 and $67,769, highlighted to CRYPTOLEAN community a few months ago, is characterised by a slow and choppy price action and I have consistency said that a dip to...
I did not find the liquidity grab convincing, I will try to look short with a 15m down break from the month's high. In case of PWL manipulation, Long can be searched with 15-minute breaks.
🤷♂️Unfortunately, yesterday we did not continue the upward momentum but chose to continue the decline.📉 🧠From the perspective of wave theory, we have the opportunity to form a standard wolf wave, and wave 5 may end when it falls below the inflection point, so it is worth paying attention to the timing of the rebound here. ➡️From a structural point of view, we...
🔥We made long orders near the buying zone yesterday. If the profit is enough, we can choose to reduce the holdings and set breakeven, and then expect more in a low-risk way. Congratulations to all the friends who followed Wolf King to print money.💰🍻 🧠Next, if we continue to rise strongly and successfully break through the short defense point of the double top...
Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a...