Btcusdidea
#BTC Current Update! Must Read if you are in LOSS!!BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls.
Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag.
However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls.
So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle.
Our job is to wait for the confirmation and take trade decisions accordingly.
MY PLAN:-
Wait for the weekly close to take any trade decisions.
I am not taking any trades in the last 3 months—a few scalps when I see the opportunity.
Mostly hit SL. Sign of a bad market!
Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past
MY MESSAGE TO YOU ALL:-
BTC has been trading within this range for the last few months.
If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too!
So stay strong, and avoid leverage/ futures trades when the market is uncertain.
Try to take a break from the screen and spend some time with your family and friends.
Your mental health is really very important to have a sustainable career in trading.
Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow.
Making profits is our secondary goal, preserving funds is the priority here.
Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful.
This idea is just my view and not financial advice.
Thanks for reading.
Stay strong
#PEACE
BTCUSD expect to fall around $19,953Bitcoin and all other crypto currencies are falling hard and if we see on weekly chart expect BTC to fall around $19,953 by this week. Be very very careful as inflation is at the corner and its already proven that crypto is no more inflation proof and more heavy selling pressure will come in coming days and weeks.
Pay Close Attention - Trend Likely to ShiftTrade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
i see some thing in charti was in hope the real bulls wake up and fight with bears
but i dont know why they are not wake up
where are they?
we know The most limited assets in the world is bitcoin
why they like buy btc in 70k$
but now they forget what is bitcoin
you think bitcoin is only a simple coin?
Nope bitcoin is Decentralized future - Inflation killer
so i think we have two Scenario
BTCUSD Long OutlookHello there all,
Here's the BTCUSD forecast.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
This is not financial advice. 🙂
Thanks all
GGWP
My Btc Strategy / BtcUsdt AnalysisThe graphic is clear , you just have to see it . I do not give investment advice to anyone. This is my strategy.
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Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
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BTC/USD Long Setup After Perfect Bullish Price Action,40000.0 ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
BTC weekly update: which pathway ?BTC / USDT
On weekly view BTC is bouncing from 200W EMA and currently is retesting the previous strong S/R
This area mainly for watching
Scenario 1: Breakout
Make strong breakout and close weekly above 36k then we can see new bullish move again
Scenario 2 : bearish retest
If we see strong rejection here with loss of 28k again this time i think we will head much lower levels
Based on reaction here we will know the next move
What do you think the most possible scenario ? Share with us in comment section below
BTC TO 10000 - 11000 INCOMINGHi there,
If we analyse the peaks and retracement in the past, we see that everytime BTC spikes it eventually retrace 100% back down.
First major spike in 2017, then in 2018 it went back to its previous value
Second spike in 2019, then in 2020 it went back to its previous value. 100% ish retracement
Then in Oct 2020, it got very bullish then went all the way to 60000 of course it retraced 50% - 60% before going to 60000. So now it is bearish, we should expect it to go back to 100% retracement i.e. price before Oct 2020.
BTC down to 11000 $$$
♦️#BTC weekly close ♦️#BTC weekly close in just an matter of an hour here.
Close above $30000US will be bulllish in the immediate short term for next coming days volatility to the upside chasing resistances at ranges 34_37k dollars US.
13 hours ago
BTC on the other hand playing below the significant support level 30k regaining the support and flipping it can change the game here on the short term. As there is bullish divergence on RSI and MACD also BTC getting above 20MA will be a bullish signal targeting the 34-37k ranges which are resistance above. Do keep in mind we are still in a bear market and these bullish divergences can be negated if Bitcoin breaks further down.