As expected Bitcoin went down below 62k again. It got to re-test lower SR zone at 60k where it didn't get to on the first attempt 2 days ago. We may expect that down move to continue till the end of this week unless price returns back above 62k today. As usual during the uptrend dips are for buying.
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If we close below 62.200$ on 4H chart it's likely that we see a small retracement between 60.500$ - 59.800$ before we going up again and testing then new all time highs.
Buy limit: 60.350-60.000$
Stop loss: 59.200$
Take profit target-1: 62.300$
Take profit target-2: 64.350$
As expected Bitcoin went down to 62k and wicked below that zone. Very good volume on that re-test which makes bullish continuation easy. Still we may expect some consolidation above 60k which means that wicks below 62k are still possible ( AC momentum at daily reversing so that confirms pause in growth). And its perfect if BTC don't rush and let others take the lead.
Bitcoin seems to be moving towards the ascending channel ceiling. Of course, RD divergence may make bitcoin growth a bit difficult. Bitcoin must break divergence to grow freely.
* Historical statistics from 2018:
* Strategy will enter 2 orders, Order 2 will appear only when there is Order 1:
- Percent profitable of 1st order: 70.91%.
- Percent profitable of 2nd order: 54.37%.
- Average percent profitable: 62.64%.
- 12 consecutive wins.
- 4 consecutive losses.
Order 1: risk / reward ratio 1/1 used to determine if this rule is effective...
Hello Dear Traders,
As u can see on Chart , btc is trading in falling channel. Upper and lower trendlines are giving support and resistance. again btc is approaching for upper trendline now we have to see this time how btc will react once it tests trendline. if btc breaks frm trendline then we can easily see 62k, bt if trendline gives major resistance then again...
Preconditions:
- price broke the strong resistance line
- price is in huge accumulation
- fundamental analysis of all exchanges reserve (a lot of BTC was withdrawn from exchanges)
I think it's time to buy. I did it when the price broke the resistance line. Don't forget about stop-loss. I expect for 70 000-80 000$ soon
Write in the comments all your questions...
Based on my research, I realized that the price of bitcoin will exceed 80,000 $ . This may happen in the next 3 to 5 days.
This analysis is suitable for both short and long position traders.
Hello Dear Traders,
In Last Post
I discussed abt breakout frm falling channel and after posting the idea, btc followed the path exactly as expected.
On daily timeframe u can see tht btc is trading in Ascending triangle, soon we will see massive breakout frm this chart pattern.
in 8hrs we will see weekly candle closing, Before tht btc must cross 62k and sustain....
Hi guys..its the latest analyze chartof #BTCUSDT in 1H time frame .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
I have been getting very tempted to completely derisk as we just weren't moving up at all, was feeling a bit toppy
Huge bull flag break and no move up at all - first time this has happened since we cracked the 20K ATH
But if you look on the 1D chart the sell offs from range highs of 60K have been getting continuously smaller, with HL's printing each time
Gave it a...
