Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: BTC rallied hard off of the low @ $30.4K, and is now getting close to the ATH @ $42K.
Chart Patterns: No significantly visible chart patterns.
Areas of Interest: The area(s) of interest for us are...
As a follow on to the last analysis we can see that BTC did exactly what I predicted and opened @ 10781.77 on Oct 1 which was around the 9% drop I expected last month.
I still don't expect BTC to break the bull cycle parameters we have spoke about in earlier posts. We are about to start Wave 3 which should be green monthly increases in price for 5 to 6...
BTCUSD
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⏳Daily chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Bitcoin broke the previous high level-19700.00
2️⃣ Parabolic moves/Curvature support
3️⃣ 4000.00 acted as strong support
4️⃣ 25000.00 Dynamic support and resistance
5️⃣ Strong demand for crypto's...
BITCOIN
In recent days the king of crypto has shows impressive upward rally and the total market and hash rate was exceeding the previous levels. Again we have identified a triangle pattern and the possible breakout was towards upward only. and we can see a bigger triangle breakout and preceded by the larger move
I may be shooting myself in the foot here for posting this before
the daily close, but as of right now things seems bearish.
1. We broke down from our parabolic advance.
2. The sell volume as of 3 days ago was the biggest we've seen
since march. To me, this is a clear sign that BIG money moved out.
And it may signal further downside as retail traders fail to...
Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: Bitcoin bounced from a low of $30.4K to a high of $38.2K, a rally of >23%, and is now testing the 61.8 Fib.
Chart Patterns: No significantly visible chart patterns.
Areas of Interest: The area(s)...
Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: After dropping 28% from a high of $42K to a low of $30.4K, BTC rallied 20% to $36.5K where it got rejected by the 200MAs and has since showed continued weakness trading under the 200MAs.
Chart...
BTC Retracement - Short Trade
Entry: $38735.57
TP & RR: $32983.12 (3.38)
Stop Loss: $40435.15
REASONS FOR THE TRADE
BTC has finally started to show some weakness (as hard to believe as this may be), so I am expecting the price to retrace back to the 0.236 level and then continue with the downtrend to at least 1.618 Fib Level, which also aligns with the CME...
Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: BTC had a major correction, losing 28% of its value from a high of $42K to a low of $30.4K, and is currently consolidating around $35K. We were trying to catch the reversal at the bottom, but...
As long as we stay above the weekly support area (rectangle) 30,000-27,500 the trend is still bullish. If we can clear this down trendline line it might be a decent entry point. Not sure if its heading back to highs but it will be interesting to watch play out either way.
Hey tradomaniacs,
all information and my thoughts are in the chart. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Buyers in the BTC market received a rather strong blow . Unsuccessful weekend trading and the uncertain closing of last week's candle provoked a 20% drop in the price of BTC.
Given that the decline was in increased volumes - the probability that the BTC market began to correct the frantic growth trend is high. However, the local wave of growth that began on...
First, we describe descending scenario:
In the daily chart, we can count 5 waves up to the range of $ 41950, which indicates the end of the uptrend in wave III, in order to have the completion of wave IV, we must wait for the price decline up to the range of 16,500 to 21,800 dollars. The reason we considered a long corrective movement in wave IV is that in wave...
See my previous related ideas linked below where I explain the bigger picture.
We still need to see a break of Wave 4 at 27,690 to confirm a reversal is taking place and the start of Wave C down is commencing.
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Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!
MARKET OVERVIEW
Price Action: BTC crashed from a high of $42K to a low of $35K, a 17% correction. and has since started to stabilize.
Chart Patterns: No significantly visible chart patterns.
Areas of Interest: The area(s) of...
What is the situation (UPDATE)
-Bitcoin has made a double top on the D chart
-Bitcoin is currently drawing a double top on the W chart but we need to wait the next candle close in 6 days.
-Bitcoin has made a double bottom on the 4 hrs chart but is drawing a double top with the next candle close.. we will have the confirmation in 1 hour.
-Bitcoin 2 days chart...
Was hoping for sidemove scenario and so it happened. Will it keep on moving till Monday hard to say. Weekly candle so far look extremely bullish. At 4H narrow channel with falling volume tell us than next impulse move will be destructive for stops. Up or down. While in uptrend not taking any shorts, only dip buys at 32/35k. - Target for the next week 45-50k. And...
