Currently we are at our "Take Profit Zone" between 46.500$ – 48.250$ from our previous "Buy the panic sells"-Long(28.500% – 29.000$).
We try shorting bitcoin arround: 47.000$ – 47.500$ with stop loss above 48.300$. Our first take profit will be 44.500$ and second profit target 41.600$. I will also add more longs at 41.600$~.
Short-term trading plan within the framework of description:
Buy now with stop loss at 11450 and take profit at 12300.
We continue our column about the nightmare fall in the price of bitcoin.
The price begins to subtly hint at the possible formation of the "Wedge" pattern in the 5th wave of the current impulse: in a more precise interpretation, this pattern is...
The dynamics of the growth of the BTC price is coming to its logical conclusion.
At the locally the triangle correction model has formed, which has been successfully implemented by price.
The price can reach the level of 12500, after which we expect a fast price decline in the impulse wave of the oldest correction model.
We recommend looking...
I drawing short position resistance.
I create a Fibonacci and drawing down and upper trend line. I think Bitcoin will be rise but we know the bitcoin and the price of bitcoin most of time is not certain. Only I want to draw short resistances.
The alternative long position graph is here, you can look at this URL...
Looking forward in June I believe we will see at least 1-2 weeks (more likely 3 weeks) of red.
I'm looking for another lower TF confirmation to enter short here.
On weekly we have:
- lower HIGH (we did not break previous february 2020 high)
- TD9 confirming over the next 23h
- volume decreasing upward
- OBV going negative on most TFs
The price of bitcoin continues to move according to our trading plans.
At the moment, we will expect a decline to the lower boundary of the channel. Perhaps a downward wave will makes in the form of a wedge model.
In general, we are bullish and currently 70% confident that Bitcoin will continue to rise above 14,000 in the near future.
Good luck to all!
last btc idea of mine was long , and now i feel that btc have no power to go up , strong sell walls around 9700 that can be a reason to strong dump that break supports , theres also a sl zone for you guys
TD9 on the 3h counting down. ~2.5hr left. looks like a juicy SHORT.
ETH 30m TD9 just happened and is confirming candle, so could take another 2h to confirm, meanwhile the 1h and 4h candle are counting up to TD9 as well.
This one looks to be lining up better between btc/eth on td9 counts. Could be a nice dump to retest support at the least.
I am still expecting...
Just posting this for fun.
I'm looking at TD9 counts on 1h, 2h, 3h, 4h.
It looks like we have CME pumping to close gap again, which lines up perfectly with TD9 reversal count, which lines up perfectly with the 14k-10k longterm downtrend line (red dashed line), which lines up perfectly with 0.618 fibonaci.......
All of this lines up at around 9250-9350...
In the continuation of the decline, it is worth considering bitcoin sales from a key resistance level.
At the end of impulse wave 5, it is worth planning to exit short sales and make purchases.
For a better understanding of the situation on the market, it is worth turning to the previous idea, where I explained the situation on a longer temporary time frame.
SuperStoch exhausted pretty much on all TF's. IF we are still in range, I am expecting downside. Over the red line and we may see a bullish breakout. Risky trade due to halving fomo, but great RR ratio.
Would love if we get something like this. Shakeout longs, retest trendline breakout + a few major MA's around 7.9k, and shoot up right before the halving. May or may not happen, just an idea that would make the most sense and would certainly be the most painful one. Going up from here seems too "easy" money to me.
Price moved upwards as predicted in the previous idea. We are now consolidating under one of the major trend-lines, where breakout usually occurs on the 3rd TL touch, which leads me to believe we are up for more complexity to form some bullish pattern against the main TL, I'd bet on WXY running flat to sweep the lows first, therefore shorting the 2nd touch (if we...
#Update ideas on Bitcoin dated April 07 .
From 7450, Bitcoin began to slide down. In 7 days was formed some kind of five-wave structure with multiple overlapping. I marked it as leading diagonal triangle in the first wave, after that printed zigzag in (2) wave.
Also is likely the scenario as on ETHUSD, where a triple zigzag complicated the correction. Instead...
Once again, we made adjustments to the overall picture of the price movement (given the upcoming of Bitcoin Halving).
Locally high probability of a sharp decline in prices to the level of 6000.
In general, in the next month we should not expect a decrease in prices below 6000.
With good buying support and strong media support, the rapid rise in...