WeloTrades

WeloTrades

As of August 19, 2024, Bitcoin (BTC) is currently trading around the $58,000 to $60,000 range, showing signs of consolidation after a period of intense volatility. The market is currently experiencing mixed sentiment, with some analysts predicting a potential breakout above $65,000 if key resistance levels at around $61,000 are breached. Several factors could...

WeloTrades

Short (SELL) Entry Trigger: Confirmation of a bearish breakout from the wedge pattern. Stop Loss: Placed at 145.500 - 146.500 Take Profit: Targeting 128.500 - 120.500 Detailed Explanation: Bearish Wedge Formation: The yellow trendlines form a bearish wedge, typically indicating a potential downward breakout. The wedge shows a series of higher lows and lower...

WeloTrades

📊 Chart Analysis by WeloTrades 📊 Here's a detailed look at our latest analysis using the "Smart Money Concepts by WeloTrades" indicator. Key Highlights: Order Blocks (OB) and Breaker Blocks (BB): 1 Hour OB at $4.456M (32%): Marked in red, indicating a strong sell-side interest. 1 Hour BB at $4.715M (57%): Highlighted for potential bullish reversal...

WeloTrades

It looks very bearish for btc, with some possible targets where btc could test before rally up again. what is your current opinion on the BTC ?

WeloTrades

It seems to make a small Bullish Ascending triangle on the 5 min chart, inside of a 15min chart bullish flag. Could we see perhaps another legup to 28000 zone before heading back down to the 25000 zone? What do you think ?

WeloTrades

It seems to making a bullish flag on the daily chart. Could we maybe see a 5th leg down , before breaking out ? And perhaps rally back to 1 of the supply zone. I should wait for a breakout first or a 5th leg down to get more confirmation .

WeloTrades

other leg down perhaps ? we are currently sitting at a resistance zone in a bearish channel, could we see another move down ? the bleu zones are bullish fair value gaps where price could reverse connsider to move your stop loss to break even, when price is your favor. Trade at your own risk !

WeloTrades

Could BTC maybe repeat is past moves from januari 23 and march 11 ? It seems like making a pullback back to the 24.000 zone ,what it also did on 16 februari ! What do you think ? Could we see BTC go make a 55% bull run in e few days ,to the 38.000-40.000 zone ?

WeloTrades Updated 

A short setup for BTC, yellow lines are fair value gaps (targets) green line is a possible re-entry if target 1 gets hit i recoment to put your stop loss to break even.

WeloTrades

possible pullback to 1 of the 3 targets. on the 1min and 5 min chart we can see some CHOCH on a support, just another notice is that we also broke our recent bullish trendlines. If support gets broken, have good look at the 24.000-25.000 area where is a bullish orderblock.

WeloTrades

Are we gonna see a pullback backup ? the yellow lines are possible targets where it can reverse back down, the green lines are 1h bullish trendlines. we can expext going lower if they get broken. If they create new HH / HL on the 5 min on the trendlines We can expect price to go Higher again .

WeloTrades Updated 

Are we seeing a Bearish flag ? we will be sure after a breakout

WeloTrades

i took my profits on the 3th target , Becouse of a big CHoCH on the 5 min time frame. is it just a pullback before going higher or are we going to break our little uptrend to continu lower?

WeloTrades

Are we gonna see some bullish moves again ? There are some targets that can be reached. WDY think ?

WeloTrades

on the 5 Min it is making holding a demand zone and making a HH , maybe still some bullish movement ?