Hello everyone. Bitcoin declined as part of a price correction. At the moment, we believe that the price is near good support levels, from which to make a purchase. If we consider the medium-term prospect of growth in value, then we still believe that the price is in correction, the model of which will probably take the form of an ascending plane. Good luck!
As part of the trading plan, considering a purchase - at the breakdown of wave 1 as a part of a correction impulse of wave C.
The price of bitcoin corrected in wave 4. You should buy a coin at an update of the local minimum with an aim at the growth in wave 5.
Hi friends! In anticipation of Halving Bitcoin, we are considering the possibility of forming a correctional model in the form of a triangle. At the end of the graphical model, it is worth considering purchases up to 16,000, possibly higher. If the correction model is not confirmed, then we can expect a continued decline in prices to the level of 7000, possibly...
market structure on ltf broke down, ltf is bearish fr now and our bearish orderblock has pushed down price too , probably gonna consolidate and test 10.5's next week
Hello everyone. In the past, we expected a local correction, where we planned serious Bitcoin purchases. Our plans were unsuccessful. Today we plan to buy at a local correction in wave 4 (the key levels for manipulations are 8200, 8050). In general, our “bullish” mood remains in force. At the moment, we see no signs of market weakness in the medium term. Good...
Halving is obviously very speculative time when it comes to TA. After spending some time trying to make a sense of EW, important levels and market psychology, I came up with my own ultimate halving strategy.
It's Bullish View about BTC Because it has break its triangle with huge volume so i'm sure it is going to start its C wave of ZigZag formation. Fundamentally it has support of upcoming Bitcoin Halving. If you want to trade Use Invalidation point as Stop loss.
Looks like that it has completed its correction of 2nd wave in expended flat pattern. I'll take entry with stop loss mentioned.
10 000 BTC has just been purchased at Binance exchange. Such entry pumped the BitMEX price index. The price went down sharply afterwards confirming a fake pump scheme What does it mean? Someone hunts for short positions' stop losses, this is a dirty manipulative pump and down scheme. Whales practice such strategy to liquidate majority of market players with a...
Hello everyone. Price moves within our trading plan. However, we had to make adjustments to the logical chain of wave models. At the moment, we believe that the upward model can continue its formation. We are considering the possibility of buying on local correction when the price reaches the level of 7200. Good luck to all!
Bitcoin broke resistance at 6997 region must hold this area as new support we have a bull break out of ascending triangle and golden cross of 50MA and 200MA which is one confirmation of a bullish signs if BTC holds the current area around 7100 region next potential target is up to 7500-8000 region for this uptrend. Let's wait and see what will happen in the...
Hello everybody! The price behaviour model refined its characteristics. At the moment, we are considering the continuation of price growth as part of a local impulse movement. In general, we believe that the medium-term model will be a zigzag, and the internal wave B will take the form of a plane with a sharp decline price in wave C. We do not recommend hoping...
Hello everyone. Currently, we are considering 2 options for a set of long positions. Option number 1 Buying bitcoin in the range of 5500-5000 at the end of the expected wave C (completion of the correctional model - zigzag). Option number 2 Buying bitcoin in the range of 6300-6000 at the end of the expected wave E (completion of the correctional model - a...
BTC dropped as expected after multiple tests of resistance. Bounced off support. The rebound from support does not look strong, so I think there will be another test of support. Plan to long XBTUSD in red area around $6000. Information is just for educational purposes, never financial advice. Always do your own research.
Hello everyone, friends. In the previous idea, we published possible medium-term scenarios of price behavior in the future. We still believe that both scenarios are relevant and we all should not believe in growth or decline. It is worth concentrating in the market model. At locally, the price continues to recover as part of the upward momentum. We expect...
We are potentially breaking this downward trend seeing some reversal and bullish candles. We will see what happens with the 4hr candle close.
Watch price movement between uptrend lines. This is a good chart to trade in bitmex.