Btcusdtanalysis
BTCUSDT at 4h support and likely to head up towards 26600The original swing trade is on but here is another trade idea on shorter time frame. The price has pulled back to 4h support and I think it is likely to bounce from here towards 4h resistance. Therefore, a long trade is favorable here towards 26600.
📊I have a crazy plan for BTC💥The current market sentiment is mainly biased towards the short forces. It is undeniable that I am also a member of the short forces.📉
But after comparing the PA before and after, I discovered an interesting phenomenon, that is, before each plunge, it will rise to sweep the previous high, in order to collect enough liquidity to make the decline more explosive.💥
➡️So I did a trajectory simulation of a possible rising N-type structure📈
🍻If I succeed, please contact me if you want to participate in the next project. It is not easy to make. If you choose to support me, please give me a reward of 10 US dollars, and I will share the next perfect plan with you.🌕
✔️If I fail, I will send everyone a red envelope in my trading channel.🧧
Guys, do you think this plan will work?
I tried to reveal this plan to the whales.🐋
👏Welcome everyone’s messages and comments💬
🤜If you like my analysis, please like 💖and share it💬
BTC 1H trading plan1H time frame
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After huge pump from 24900, Bitcoin starts consolidating currently.
From the perspective of long, Bitcoin is creating a potential continuation pattern, such as a triangle structure. Therefore, we can focus on the support strength at 25700, if the support is workable for Bitcoin, trading plan will be triggered as below.
TP: 27385
SL: 25420
📊#BTC now faces two structure options, which would you prefer❓1.The rising wedge structure will cause us to fall and lose buy zone 1 support, and may take back the entire rally.
2.The N-shaped ascending structure will allow us to extend the strength of the rally to sell zone 2 or even 3
➡️Please choose your preferred structural model and post your reasons for wanting it in the comments section
💌Or leave me a message to discuss your thoughts☕️
🤜If you like my analysis, please like 💖and share it💬
BTC makes False-breakout again1h time frame
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This market got a comparable big dump yesterday, then BTC creates a false-breakout at 25000 such like the scenario occurred on June 23rd.
The Price Action increases the possibility about right shoulder pattern, which top is around 28350~29150.
We are still under the downtrend on higher time frame, so avoid putting lots margin on long, better to find opportunity to open short!
BTC recent target 275654h time frame
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Bitcoin creating the similar structure with previous one, formed from Aug 23rd to Aug 29th.
Getting support again at 25700, according to the symmetrical pattern, Bitcoin has potential to reach 27565 in near future. Therefore, we can set up a plan as below.
TP: 27565
SL: 25090
📊What if #BTC did not hold the wedge support line?🧠In my opinion, if BTC fails to hold the wedge support line, and there is a huge dump, then it means that the correction phase is over. Note that we have to sweep the previous low to declare the end of the correction phase
☕️This is my interesting guess on the possible future trajectory of BTC. What do you think?
Bitcoin seems to have started an interesting story with a sweet Bitcoin seems to have started an interesting story with a sweet ending. This suggests that there are forces behind the scenes that are deliberately creating these games. In any case, the analysis of Bitcoin shows that there are gaps that Bitcoin is filling, and the closest one has started a decline. That decline is a gap around the price of $19,592, after which we will have a sharp decline. However, this is a definite and undeniable fact, but I do not know if Bitcoin's path will suddenly change and rise now. I only know that if the decline continues in this way, the first point that can be touched will be $19,592.
🔻 BTCUSDT 🔻 SHORT - Local on 01/09BTC 1-hour Chart - BINANCE:BTCUSDT COINBASE:BTCUSDT BINANCE:BTCUSDT.P KRAKEN:BTCUSDT
The global targets I previously mentioned are currently being confirmed, and BTC has executed a bearish manipulation towards the 27500 targets.
Locally, after an impulsive downward movement, liquidity was removed, and we observed a rebound.
Subsequently, the market entered a small range.
I anticipate the removal of liquidity on both sides of the range, rebalancing, and further downward movement towards the primary targets.
I've identified local targets that could lead to corrective movement.
P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights.
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BTCUSDT heading fro hourly support, likely to bounce from thereTwo trade ideas here for this. One short and then the other long. The price is rejected from 4h resistance 4HR1 and currently pulling back. I think the price is heading for hourly support HS1. Once the price reaches there, it is likely to bounce from there providing an entry for long trade.