BTC could drop after TRUMP speachBTC could drop after TRUMP speach
I read all crypto Twitter the whole morning and so many Bullish statements with no pricce result
1st - I will never trust news in Finance space.
2. I saw too many times that when buying the rumors, selling the news played out exactly.
ALso exactly at top we face 20b candle. if price squeeze down after it - that would be perfect opportunity to take short as we had on ETH
Bitcoin (Cryptocurrency)
BTC...a big move is brewing!Bitcoin keeps finding sellers off the SWB:69K previous all time high 2021 resistancce.
We have not had a definitive break above that are for quiet a long time.
If the bears reject price again were likely going back to 50K.
If the bulls can get above this level and hold some weekly closes we may have a move to 95K in a few months.
Very ley price action is set to unfold.
Use caution in this are.
$700 on a Saturday Morning (BTC)Probability is the name of the game with any trading setup.
Let me ask you this, If I made you a bet in which you think the probability that you'd win that bet is lower than your chances of winning, would you take that bet?
If you answer yes, you are a gambler because that is exactly what gambling is. If you go to the casinos, you hear it all the time - your chances (probability) of winning are very low as they are skewed in favor of the casino. Lets be real, a casino is a business and the business's goal is to make money. It is just sad that most gamblers aren't smart enough to realize that the money is mostly being made off of their backs.
Conversely what about if you realized the probability is skew more in your favor, would you take the bet? You'd be foolish not to as it is more likely to be easy money for you right?
That is the theory I have applied here. Simple in and out.
That's it, no special strategy, special terminologies, weird candlesticks patterns and all that B.S.
K.I.S.S - Keep it stupid simple
Have a good day guys!
BTC Bitcoin Technical Analysis and Trade Idea👉🔍We can observe that Bitcoin (BTC) has been in a bullish trend recently and has retraced to a key support level. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
BTCUSDT Forms Bearish Head and Shoulders: 5% Downside Target in Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end.
The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by two lower peaks (the shoulders). As the price breaks below the neckline, it confirms the pattern and indicates a likely downward movement.
Key points to consider:
Pattern confirmation: Watch for a decisive break below the neckline.
Entry point: Consider entering a short position upon neckline breakout.
Stop loss: Place a stop loss just above the right shoulder for risk management.
Profit target: Aim for a 5% downside move from the breakout point.
Traders should exercise caution and use proper risk management techniques, as no pattern is guaranteed to work every time. Always conduct thorough analysis and consider multiple factors before making trading decisions.
#Bitcoin #BTCUSDT #CryptoTrading #HeadAndShoulders #TechnicalAnalysis #BearishPattern #CryptoMarket #TradingStrategy #CryptoTrends #RiskManagement
WEEKLY FOREX FORECAST JULY 15-19th: BITCOIN BUY SETUPAnalyzing BTCUSD for the upcoming week.
It looks like there is evidence that price turning bullish in this market.
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