The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price...
Took a long here. Lets see where it goes from here. There is a support level down if it breaks down from here. If this fails, will take a long from there.
Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
This is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its...
The price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not...
I expect a little correction on Bitcoin, bouncing from the short-term trendline that also fit with a 4hrs support.. $41.200-$41.300 is a good area where BTC can make a good bounce targeting $43.500. Stoploss (if we get there) should be placed below $40.300.
Dear Traders, We have update on BINANCE:BTCUSDT two possible scenarios one is expected where price is to reverse sharply from current region or drop from current price area to 32k region. Due to holiday season we expect low volume in the market. Let's wait for price to do its things.
The price was pushed down by the weekly resistance 1WR1. This was a significant drop which made the price drop by almost 15% from the recent high. The drop made the price land into daily support which is a strong support zone as there had been long accummulation in this area and therefore a sound bounce is expected from here. I think a long is favorable here. It...
Congrats all Bitcoin holders, on breeching the $45K mark. However, take caution if you're derivatives, or keep your eyes peels if you miss the boat and are looking to get it. Zoom out. Go to the weekly time frame of BTCUSDT. 1) BTC is approaching a weekly liquidity grab zone (46,382 - 50,268) 2) I'm looking at a liquidity grabbing event at that area, with an...
The price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this...
The price is almost revisiting the 4h support zone. Lets long from this zone by slowly adding to the position. I believe this zone will hold the price and make the price move up towards monthly resistance. The target of this trade should be 43700 which is also the start of the recent break down and also the entry into the monthly resistance zone.
The price visited that 4h support area and dipped further below before quickly moving up. The monthly resistance did its job. This bounce from the support should aim for the monthly resistance again. Therefore, a long is favorable here with a good entry. I will share a long setup in a separate post.
Last we discussed the price action in october and we talked about the bounce from weekly liquidity zone offering maximum opportunity on the long side. The price action indeed was in agreement with that proposition. The price moved very steep move to the upside since then. It has now hit the monthly resistance where it is taking a respite. I believe the price will...
Bitcoin ETFs give investors access to the world's largest cryptocurrency without having to hold the assets themselves. Instead, you can buy stocks backed by Bitcoin purchased from the issuer. Seifert pointed out another caveat. Even if the SEC were to approve a rule change to allow ETF trading, it would be completely separate from approval of a fund's...
The price is consolidating around the daily support. The price tapped that liquidity zone thrice and still trading above it. This is indeed an accumulcation for a upward move. The volume is low and still price not able to move down. This clearly indicates that it is accumulation and the price is due to move up. I think soon we will continuation of upward move...
The previous long trade did not work out as the price fell below the support we were expecting to hold the price. Now the price has come up to test that support area which is now acting as resistance. The price may move further down to the 4h support 4HS1.
4h time frame - According to previous analysis about Butterfly pattern on Bitcoin(ref.1), there is a PRZ around 29000~29400. Today, we are going to talk about the time analysis, if take a look at the analysis about Bitcoin bear bottom (ref.2), a potential top structure-head and shoulders was pointed out in that post. Further, separating the left shoulder into...