BTCUSD Bitcoin after the over sold on the RSI on the 4H chart we will be looking for a big bounce the harder the dump the bigger the bounce!
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BTCUSD
Hello traders, welcome back to another market breakdown.
In the Video above, I show how I breakdown the Bitcoin chart. I also, speak about the scenarios we could have.
Trade safely,
Trader Leo.
BTCUSDT 30900 Weekly Update May15-22 2022 #20
The Next Macro sprt is the Q21ema at 22-20k as the M50ema target was hit 25-26k
The M50sma is at 21k±10%. So bears have to ladder position is advance.
Bulls need to ladder positions in advance at 21k±10% for buys
The Next resistance for the macro view is at 37-40k or the M21ema whichever one come first
Volume is...
BTCUSD Bitcoin on the daily time frame as been in this up trend now for around 9 days and just yesterday has broken this up trend line im looking at the 4 hour time chart as we are in an Equilibrium pattern and looking to break Bullish or Bearish tonight or early in the morning this could confirm the swing to Bearish if we break below 11450.
BTCUSDT $24950 Quick Update June15 2023
The directional trend is being controlled by bears
Price is facing a trendline support from the low 16k
A temporary test for both bulls and bears.
Targets remain the same
24k(0.382fib) & 22k(50% retracement)
Now, 26.3-26.6k will flip as resistance if bulls attempt to pull back up.
Bears need to make sure to asjust SL at...
BTCUSDT $26840 Quick Update May18 2023
Price continues to consolidate below the 3D21EMA
The 3D macd remains negative
Directional target 24-22k at 0.382-0.50fib
For the trend to flip bullish, bulls would need to print a positive 2DMACD and price above the 2D21ema
As mentioned previously, the current move from 31k could possibly be the starting point of the...
BTCUSDT Quick Update April 26 2023
Price found support 27k at the 3D21ema
M time frame is back to positive
The 21D cycle pushed back up from the last cycle's low (27k)
FED's meeting on the 3rd of MAY
Macro Resistances 35k and 39k
BTCUSDT 30200 Quick update April 11 2023
Price is now above the 30k range and approaching the 32k temporary resistance.
The next next big resistance after that is 40k at at 0.618fib.
Bulls may not hit 40k in April. The 35-32k could possibly be the sideways correction while waiting for the M close.
But anything above 35k in April is bonus for bulls to secure some...
BTCUSDT 3D update March 10 2023
BTCUSDT SHORT TERM
The W21e at 21k just got broken with minimal signs to hold as support at the moment. The structure is broken and invalidated for the flat correction .
The bearish downtrend targets are at 0.618fib & 0.786fii at 18777 & 17300
Point of invalidation is 22755, which is just above the 2D21ema
For the macro...
BTCUSDT Short Term Update Jan21 2023
Near August open at 23333
August resistance 24-25k
M21e 28k
Will reevaluate with the fibs once it retests the M21ema
BTCUSD is in a downtrend on the weekly chart, but there doesn't appear to be a real strong case for long or short immediately. It's possible that BTCUSD is in a VCP accumulation phase. Long and short targets presented.
BTCUSD along with most other cryptocurrencies continue to weigh under pressure as risk aversion takes the stages and sets a new tone in the financial markets. The US Dollar is expected to continue to rise as market sentiment is bullish dollar from last week's Fed meeting.
Now one thing we should keep in mind is that the Fed's forecasts ever since 2011 have never...
BTCUSD is in down trend or sideways correction depending on timeframe. Intraday long trade bounce off of long term trend line shown in the video with price targets and stops. Not investment or trade advice, just me clarifying my analysis for the record.
BTCUSD sellers are in control. A short trade is shown with entry/stop/target. I'm not trading this today, and I'm not advising you to FOMO into this. This video is simply to help me clarify my trade ideas and get public feedback on trade set up/analysis.
