BTC still looks bearish and its trapping buyers, just look at the bigger picture of the chart, reversal pattern just right after a major top and a big wave down trapping buyers at the top of the market.
Almost everywhere is calling for new tops , again , this is the typical sentiment of a final bull trap before the market crashes for the final wave down...
Its Always Nice To Sell High & Wait For Trend To Play In & Give You Some $$$... Based On Trend Continuation We Might Have Just Seen The Highest Point Bitoin Will Reach For A While Now. If This Is The CASE, This Is A Perfect Sell/Short Spot... SL & TP Indicated On Chart....
Easy Trade This One Hopefully It Drops The BTC Way.....
Hi everyone, BTCUSD is sitting on a key support level now in line with the 78.6% retracement where we could see further upside to test its resistance zone at 57500 before a reversal. That said, a clear break above the 45000 resistance zone on the H1 time frame is needed for the bullish confirmation. A break below this key support level could see prices push lower...
Bitcoin has broken lower channel have retested it.
At this stage next support it can find is at 42500 zone. Most probably it should bounce off this support.
However if it is unable to hold this support, then next support is at 40800 zone.
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btcusd buy :
1)ema lines crossed
2)hill type pattern trend has been formed
it will come down to the support level and then the entry point will be the first support level i.e the blue line and the next support level would be the take profit level
take profit : green line
entry : blue line
Price has broken the Descending Channel, and the OB it had entered. Now, price is deep in the D1 Supply Zone, which also has a 4H Bearish OB embedded. This OB is untested. I expect price to fall from this supply.
It is at resistance, giving me the momentum candle I look for to indicate price will continue downward. If that bearish engulfer closes in this fashion, it may be a good entry for a short.
The fact that it is breaking back into the triangle structure is pretty telling.
Confirmations are key. Without confirmations, there is no trade!
Check out my previous...
This is a classic Primed example of a trend short trade.
By looking at the recent history of BTC movement we have seen the ATR go to historical highs (based on our settings) which would classify a trend start, currently, the ATR is stuck in almost a straight line, confirming that we should be in a downtrend at least for now.
The rest of the system indicates...
POTENTIAL NECKLINE RETEST ON BTCUSD.
BULL AND BEAR SCENARIOS
IF BTCUSD RETRACES TOWARDS RESISTANCE AND QUICKLY BOUNCES BACK DOWN, THERE IS MORE DOWNSIDE TO COME IN NEAR TERM.
IF BTCUSD BREAKS FIRST RESISTANCE ZONE, WILL RETEST NECKLINE RESISTANCE, 1ST RESISTANCE ZONE BECOMES SUPPORT FOR THE BULLS.
ALTERNATIVELY, IF BTCUSD FINDS A LARGE AMOUNT OF SELLERS AT...
Bitcoin broke an uptrend, and when it breaks 49487, its selling targets are:
And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are:
If he exceeds 53075, his buying goals are:
My personal opinion:
He broke an uptrend while he was at the end of the...
BTCUSD bearish wedge pattern 👀
Hello ladies and gentlemen
This is my new idea for Bitcoin BTCUSD
I expect the price to make a correction in the short term
I hope my idea is clear
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