BTCUSDT - Bitcoin's bull run has just started!
At the middle-term chart of 4-hour timeframe we can see that Bitcoin's price is in the middle of red Ichimoku cloud between two major Fibonacci retracement levels. What such situation tells us ?
The answer lies in a retrospective movement of the price. After a rapid and sharp rise to $14 000 level the trend has reversed and ABC correction waves started. The price bounced from the area around global support of Fib 0.786 near with $9 700 level. Afterwards two impulse growth waves were confirmed which in case of rise above $12 000 level within the next day will finish very bullish pattern Inverse Head and shoulders. In case of success the full pattern of 5 Elliott impulse waves will take place and Bitcoin will move above $14 000 level which will start FOMO growth
Bitcoin is in a good technical state. In the short-term it is recommended to open BTC-ALTs position to gain more Bitcoin value while afterwards you should shift to USDT-ALTs positions to save and accumulate profit. The largest part of your portfolio should be BTC, we recommend to use the following structure which can be used for trading with alts
BTC - 60%
USDT - 20%
ETH - 20%
Best regards,
SkyRock Signals team
The answer lies in a retrospective movement of the price. After a rapid and sharp rise to $14 000 level the trend has reversed and ABC correction waves started. The price bounced from the area around global support of Fib 0.786 near with $9 700 level. Afterwards two impulse growth waves were confirmed which in case of rise above $12 000 level within the next day will finish very bullish pattern Inverse Head and shoulders. In case of success the full pattern of 5 Elliott impulse waves will take place and Bitcoin will move above $14 000 level which will start FOMO growth
Bitcoin is in a good technical state. In the short-term it is recommended to open BTC-ALTs position to gain more Bitcoin value while afterwards you should shift to USDT-ALTs positions to save and accumulate profit. The largest part of your portfolio should be BTC, we recommend to use the following structure which can be used for trading with alts
BTC - 60%
USDT - 20%
ETH - 20%
Best regards,
SkyRock Signals team
Comment:
In case of further price action manipulation the bounce up are will be Fib 0.5 level around $10 900
Trade active:
Bulls start to push the price up to the point 3. Currently the price is $11 761. The transactions we mentioned in Telegram poll yesterday
"$10 467 479 has been transferred from unknown address to Binance afterwards $10 337 420 more has been sent to the same wallet."
were not occasional they are used to manipulate the price of Bitcoin. Take a place and observe the pump
"$10 467 479 has been transferred from unknown address to Binance afterwards $10 337 420 more has been sent to the same wallet."
were not occasional they are used to manipulate the price of Bitcoin. Take a place and observe the pump
Trade active:
The price goes exactly according to the forecast!
The wave marking is processed with maximum accuracy but due to preparation price dumping manipulation in a longer time frame. Usual thing for Bitcoin forecasts.
You can go to the page of this forecast in TradingView and click on the Play button to see the price action after publication and see how it follows target levels
The price went up to the first target level reaching $12 735 point . A bit higher than it was forecasted however it was accurate and brought significant profit from the full run at BitMEX with recommended leverage
Profit: 79.4%
Duration: 2 Days
Support us with likes or leave comments, we will reply them and answer your questions
The wave marking is processed with maximum accuracy but due to preparation price dumping manipulation in a longer time frame. Usual thing for Bitcoin forecasts.
You can go to the page of this forecast in TradingView and click on the Play button to see the price action after publication and see how it follows target levels
The price went up to the first target level reaching $12 735 point . A bit higher than it was forecasted however it was accurate and brought significant profit from the full run at BitMEX with recommended leverage
Profit: 79.4%
Duration: 2 Days
Support us with likes or leave comments, we will reply them and answer your questions
Trade active:
Bitcoin retests the previous local high and has already broken double top pattern. It should go above $13 000 level afterwards there should be a natural consolidation. List of accurate targets is shared in the premium channel only
Stay tuned,
SkyRock Signals
Stay tuned,
SkyRock Signals
Comment:
The price action accurately replicates our analysis. Hope you used it for swing trade strategy and managed to earn huge profit opening long and short positions according to the drawn waves at the chart
Currently we expect growth to the local ATH and recommend to open long positions
Currently we expect growth to the local ATH and recommend to open long positions
Trade active:
Local support around Fib 0.5 which is near with $10 900 level was broken today and bears won pushing the price lower. However the price is in the green accumulation area. Most market players tend to enter positions when the price action takes place in this zone of the Pitch fork channel, this is an explanation of the fact Bitcoin holds at $10 400 level.
However it is too early to enter and open long positions because there should another small dump to a global support around Fib 0.618 which is close to psychological support level of $10 000. We recommend to wait before the price goes below this point and then start to open long positions in parts each $175 decrease. In the mid and long term Bitcoin is still bullish, hence it is important to grab safe entry level which will allow to recover losses caused by today's market crash
However it is too early to enter and open long positions because there should another small dump to a global support around Fib 0.618 which is close to psychological support level of $10 000. We recommend to wait before the price goes below this point and then start to open long positions in parts each $175 decrease. In the mid and long term Bitcoin is still bullish, hence it is important to grab safe entry level which will allow to recover losses caused by today's market crash
Comment:
Bitcoin's price repeats $10k - $11k range retracement. Currently it keeps at the higher levels of $9k and gradually goes down with a subsequent sharp breakdown to $8k zone.
We left the position at $9 800 and $9 450 and wait for the moment to enter it back. Short scenario includes buy back in range $8 470 - $8 860, however there is a long opportunity too. In case of breakthrough $10k resistance the price will reach 10 400, 10 800 and 11 200 levels. Use this signal as a hedge strategy for your short order
BitMEX recommendations:
Base order size: 3% of deposit
Leverage: 10x
We left the position at $9 800 and $9 450 and wait for the moment to enter it back. Short scenario includes buy back in range $8 470 - $8 860, however there is a long opportunity too. In case of breakthrough $10k resistance the price will reach 10 400, 10 800 and 11 200 levels. Use this signal as a hedge strategy for your short order
BitMEX recommendations:
Base order size: 3% of deposit
Leverage: 10x
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Nevertheless, the mentioned portfolio structure is recommended from current levels