During this week, sellers tried to push the BTC price below $30k at least 3-4 times. But, as you can see on the chart, all attempts failed and the Bitcoin price bounced up within the $30-31k consolidation. It was the buyer's turn to strike back and test the strength of the sellers. The most difficult task is "first strike" and trying to break above $31400. If...
The price dropped from 4h resistance 4HR2, which was our target for last long trade, to the daily support zone DS1. The price bounced from there only to revisit this support again. I think a long is suitable and favorable from this support zone again. I expect the price to again move towards 4h resistance zone 4HR1. That should be our target for this long trade.
4h time frame - If open short at 33000 1st TP: 29800 Further, if break below the uptrend, retesting is a second timing to add short positions. 2nd TP: 16000
The price has retraced from the 4h resistance zone 4HR1. Now it has hit the 4h support zone 4HS1. This can be our entry for the long trade. I expect the price to break 4h resistance 4HR1 on this attempt. Therefore lets target 4h resistance zone 4HR2 for this long trade. This resistance sits around 31166-31236.
1. Major Structure - Uptrend 2. Minor Structure - n/a 3. Bear FGV on the way to our 4H Long OB 4. When reached 4H OB - wait for BOS on 15M TF - then GO LONG!!! 5. Targets - Liquidity on previous Week and Month highs. On the way dont forget to fix your position partially.
As you see on weekly basis chart; we broke the resistance and we will have potential to move on long position with 50K target for BTCUSDT and then maybe the skyfall down to 30K again. Wise simplicity is a key of complex success, maybe ! :)) I wish Mr. Market also want what I have mentioned in my technical analysis .... Not a financial advise, take your own...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) This volatility period runs through June 29th. Therefore, you should watch for any movement out of the 29762.38-31000.0 area through this period of volatility. Sideways in...
BTC can do one last attempt before dropping hard. * Currently on a bearish megaphone (White lines). * Also is forming a Bearish Bat Cypher Pattern. * Loads of liquidation points for shorts. Let me know your thoughts.
The mentality of many crypto traders is to disrespect anyone with a bullish bias. I think that we are in transition phase from bearish to bullish. IMO. The market is about to punish the bears, hard! On the 4H chart we can see the Flagpole. The flagpole formed between June 18th – 23rd. A 20% price increase within that time period. Since June 23rd price is...
TLDR: • This Idea is for those that want to increase position size or to enter long. • Currently, Bitcoin crossed the 31K resistance and I am fairly certain that liquidity is to the downside. • In addition, on the lower timeframes bearish divergences are forming which is a sign of exhaustion. I think we will get a pull back shortly, maybe during the...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) The importance of the 32259.90 point can be seen by looking at the chart. Therefore, if it rises above 32259.90, a sharp uptrend is expected. However, as seen on...
Bitcoin followed the Downtrend line in the recent decline. Also, Bitcoin succeeded in forming a 💎 Diamond Pattern 💎, which can be a sign of the failure of the downtrend line to the top. I expect Bitcoin will go UP to at least the previous top and even a bit more. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your...
Bitcoin confirmed the end of the main wave 4 after the Sharpie move today. Bitcoin is currently completing main wave 5. It seems that wave 4 of the main wave 5 will have a zigzag(ABC/5-3-5) structure so that the end of wave C can end in the 🟡 Price Reversal Zones(PRZ) 🟡. 🔔So, confirming the end of microwave 4 from the main wave 5, I expect Bitcoin to rise at...
Entry - 30 460 ( After ChoCh on LTF and ) SL - 30 197 TP - 41 300 (Premium Liq) 3.5%
TLDR: • A Cup and Handle Pattern is a bullish continuation pattern. In that regard we cannot consider Bitcoin’s chart as a Cup & Handle because there is no prior uptrend. • However, Bitcoins chart pattern does resemble a Cup & Handle and fits with some of the criteria for this pattern. • Taking this into account, it is possible IMO that Bitcoin, in the next...
Last week can be fully recorded as an asset for buyers. With the upward movement of the BTCUSDT price, they have pierced the 3 main liquidity zones of recent months, where the shorts' feet were probably hiding. Let's assume that in the coming days, there will be another update on the BTCUSDT price high. Before the likely correction of the rapid growth of the...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DXY chart) DXY's decline is expected to energize the investment market. So, the question is whether it can move sideways below 102.034. The 102.034-105.664 section is a boundary section, and...
📚 What is the Master Candle❗️❓📚 First of all, I am going to describe what is a Master Candle. Basically, these are the candle with big bodies and wicks (the sticks over and under the body of the candle) marking a new high or a new low and whose extension or range covers the following 4 or more candles. Usually, if we observe the formation of a master candle, we...