welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
Target 1: 11200
Target 2: 10895
Target 3: 10425
Stop-Loss: 630 pips
Risk: 0,5 % - 1%
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Clear head and shoulders on Bitcoin, i'm personally not seeing any bullish signals on this pair. Look for a good entry, I expect price to drop soon, maybe to where I have my Z-1-3 line plotted which will dip back into 10K!
I really want thoughts on this one! What do you guys think?
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Time = D
– Structure = Downtrend
– Pattern = Downtrend channel & Double Tops
– Tendency = Downtrend
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
Bitcoin has created a sell setup and may possibly go all the way to just below $8100.00. Expect price to breakout from the current structure and when it does, make sure to join the short whilst also managing risk.
Just an update from my previous post. As we can see from my previous post my consolidation phase top price was at 9200. However, we should adapt to what we see now. Price Level went up to 9380+ price level and the question now is whether it will continue its uptrend??? For now, I am seeing price level potential rejecting from that resistance level falling back to...
I expect a bulltrap around 10600. Keep an eye for short opportunity. Huge wage bull trap coming from 2017 break is the key for the long bullrun. Support are depicted as TD setups, daily MAs and Fib 0.618.
BTC.D(MARKETCAP BTC DOMINANCE) above 73 will be a disaster for alts.
Meanwhile CRYPTOCAP:OTHERS is on the rise(Market Cap of Alts except top 10).
It already hit 9500 level, that was intersect point where green line that represent Symmetrical triangle on weekly time frame which got cross over with purple line that represent channel resistance on 4 hrs time frame.
now I expect, It to be fall on 7950 or 7600 level within next 4-5 days
Hey everyone, here's my analysis on BTCUSD
There was a breakout of the trend line and price is making a pullback to its previous breakout level where we could see a drop, as illustrated by the yellow dotted lines.
Sell Limit: 7120
Stop Loss: 7343
Take Profit: 6567
On the D1 chart, price is facing a key resistance zone which it...
Whole movement seems to be manipulated as I said in previous idea. I'm still out of position. MY setup for this will be waiting to break a channel then wait to retest back and i will enter a short position with nice RRR as follows
1st target the long support line
2nd target 0,5-0,618
3rd target 0,618-0,786
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BTCUSD is trading on the resistance level of 7200$, if bitcoin breaks this level then we need to see if it resist again on the upper trendline of the channel which is 7250-7260$, the volume is not big enough and this indicates a reversal or correction from here.
if it can't break above it we can initiate a short position from this level 7250-7260$ with max Stop of 3%