Quite the week for BTC. 1) A Buy Publishing was made last thursday at price $25,607 2) A Long Ethereum Publishing was made on Saturday at price $1,728 3) A Neutral Publishing was made on Tuesday at price $27,943 4) A Short Publishing was made Yesterday at price $29,318 Current Price is $30,177 BTC has been breaking zones to the upside and it is easy to...
Risk/Reward is the name of the game. In my scalping this morning I've taken 10 trades. I have gone on a losing streak of 10 trades in a row. After reading the books I've become aware that this is not unsual for a profitable system in the markets. I like the analogy of pulling marbles out of a hat. If you have an edge in the market then over the long term the...
Two months ago, we published the BTCUSDT idea with two possible price movement fractals As you can see, the green fractal is working quite well Today's fractal, which we took from the history of BTC trading in 2016, also fits quite well with the current behavior of market participants. The two fractals have an interesting coincidence: they do not predict a...
Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with...
From 26th of April till today shorters gained 25000 positions on Binance Shorters will start to close their losses as soon as price will breake up (it will break up), That will cause panic. Pressure on price from the bottom because of closing shorts will spur new longs. My previous BTC target around 35000 still active.
Entry Range 23,362 - 25294.8 Targets T1 - 33,821.8 T1 - 35,509.9 T1 - 37,198.0
Profit taking for a trader is crucial because you must pay yourself for the time spent in front of the chart. So long as you follow the adage "Let your profits run and cut your losses short." It is a job and not a hobby/passion at the end of the day. We are playing with real money here! The market has ascended 5% and that is about the extent of the Average True...
Hey Traders, During today's trading session, our focus is on monitoring BTCUSD for a potential selling opportunity around the 27400 zone. Bitcoin is currently engaged in a downtrend and is in a correction phase, gradually approaching the significant support and resistance zone at 27400. In the upcoming week, it is advisable to closely monitor the DXY (US Dollar...
Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal . I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss...
As you can see in the chart, this is a very simple setup: When we look at the big picture, we have a dead cat bounce breakout retest pattern. As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point. As targets we have the clear support levels and we set an stop loss at the last swing high, so in case...
An attractive range where the price can react to move towards the upper box
Bitocoin daily liqs from 2june22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BINANCE:BTCUSDT.P BITSTAMP:BTCUSD BYBIT:BTCUSD.P BITSTAMP:BTCUSD BINANCE:BTCUSDT.P BITSTAMP:BTCUSD BINANCE:BTCUSDT
- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle - This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish - The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ ) - Our Last Daily Level 26,749$ has...
So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long. For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started. 3rd touch point on the channel support, waiting to see...
Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against...
Bitcoin is forming a possible bullish flag on the daily chart. MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down. Weekly MACD is negative and RSI is neutral. Keep...
Bitcoin is still in the uptrend channel, the next expected safe target is 29500 and still the expected targets based on the volume indicator are 33000 and 36000