MY VIEW OF BITCOIN'S DOWNTREND SINCE NOV 9TH
Recent downtrend of Bitcoin beginning Nov 9th 2022 is
shown in turquoise and purple downtrend lines. Dec 21st
shows an attempt at reversal that failed Jan 5th. Dec 4th lows
Were retested on Jan 10th at 39650 but a reversal played out on
the 11th with a follow on day on the 12th and then a rise to a
high of 44453...
🦬 This chart is bullish for me. We are more than 90% down so my idea is easy...
💵 Buy some DODO and wait for 30-70% profit.
✅ TP1 - 1usd
✅ TP2 - 1.4 usd
⛔️SL under the last low (0.64 usd).
Basic support, resistance, supply and demand zones and levels for Bitcoin, specifically Bitcoin/TetherUS perpetual futures as featured on Binance.
Personally feeling a bounce and breakout to the upside. Let me know what you're thinking.
ive placed a (1,2,3,4) and a (A,B,C) correction.... so far it has done a 1-2 correction I expect IPC to be huge.
Once ICP hits double money at $54, there could be a scalp again at $38 or just straight through up
to $54 and after that a sell off to $30-$33.....
HEAVY BUY at RETRACE---- sell at $76 for scalp or hold---well see
FTX - Where it is heading right now? It is going up & it is trapped in the narrowing channel . FTX going to move UP until narrowing channel gets broken .
4H chart analysis done in a bit different way by G-Money .
MANA/USDT General S/R levels and trends idea
- Purple: monthly
- Green: weekly
- Daily: red
- 4H: yellow
- 1H: blue
- 15m: Grey
- Less than 15m: White
Note: Keep in mind that levels shown in chart are hold levels. These levels are try to hold the move up/down. When they get broken, please watch the previous high/low before and act accordingly.
Happy New to All ! Let’s have a look to the chart in a bit different way this time.
We are going for a quick look to the charts just to get a bigger picture. Going up again ? ;)
Have you got any ideas or suggestions?
Share You thoughts, likes and TA!
Log regression indicates BTC's fairvalue is about 39k. Anything below that would therefore be undervalued. Above, overvalued. We're close to fairvalue, awaiting the next significant move back to the upside or down.
This is my very first post. Don't be too harsh on me :)
I think volume in trading Bitcoin has shown us a potential followup in downward pressure. Even some institutional investors have called further downside in the coming months of the year.
Looking at this chart on the Daily timeframe, there are several indicators that point to downward pressure in the mid to...
Happy New Year All!!! This New Year we are starting with a new strategy (G Money), new TP range and new targets.
H4 chart provided in the most simplistic way for your quick visual assessment and for easy reading by anyone.
We have some open buy positions already with TP 6000+ pips and estimated completion time for this trades around one month....
this is my idea. Breaks the downward channel, moves upwards similar to previous movement then higher.
Orange ovals are an example.
Purple ovals shows the market tapping off resistance multiple times.
i believe we have bottomed out.
If not keep in mind it may retrace as low at $2.50 but has a lot more potential to gain.
Some TA for a possible quick trade on the 4H charts. I did open position last night with a SL - 77.50 & TP 85.09.
Right now, I would be entering Buy Trade with settings given below, such as:
Enter Buy @ 82.32, SL - 80.67 & TP - 85.09
Best of luck to everyone!
PS: It is not a financial or investment advice ;) It is just TA Analysis completed by G-Money ;)