I’m short selling BTC since it’s been in Chaos during this 2MO TF. Theres no way of telling where the trend will end up. It’s very volatile. My new strategy is following smart money buying and selling. For now this is best way to go for me until BTC reestablishes. I have prices in mind but my main focus is following the buys and sells from the bigger traders....
Bitcoin (BTC/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 64,597.02 1st Support: 63,447.10 1st Resistance: 67,218.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
Hidden double bottom. Price reads $68,417, since last night when the smart money entered the trade. Double bottom met criteria combined with smart money entry.
A bull flag is forming here in 1 Day TF. It is a very basic technical analysis pattern that traders use to identify potential continuations of an existing bullish trend. It is characterized by a sharp upward price movement (the flagpole), followed by a period of consolidation with downward-sloping or horizontal price action (the flag). The consolidation typically...
1. Bullish Flag continuation pattern which support Bulls if Day closing end at 67,000$ and above. 2. ABCD pattern formation where exact retracement occurred at Fib 0.50 point which also support Bulls. 3. Harmonic ABCD pattern Point D expected to be completed at 89,000$ in coming days if price remain above 67,000$. 4. Fundamentally war and war like activities boost...
#BTC Bullish Breakout of MA Breakout of high volume Breakout of residence Now we will slowly move to 80k🤑
Queen of Cups, Six of Wands, Reversed Tower. Overall Interpretation: The combination of these cards indicates that the market is in a state of flux. While the bulls are in control, the Reversed Tower warns of a potential correction or reversal. The Queen of Cups highlights that emotions are significantly influencing market sentiment, leading to potential...
Crypto analysts at intelligence tracker Santiment have analyzed the crypto market and found that Bitcoin ( CRYPTOCAP:BTC ) could make another attempt to hit its all-time high. The analysis revealed the large volume creation of meme coins and institutional demand for long Bitcoin ( CRYPTOCAP:BTC ) calls on margin. Bitcoin ( CRYPTOCAP:BTC ) funds and Spot ETFs have...
The 72k area was most probably the top for now. Probably the ETH ETF news will be selling the news again this week. Expecting at least 48k for reversal and continuation of the bull.
As shared previously, we were tracking a Bullish Wolfewave into making and then took a bold move to short while we wait for wave to complete Here is that trade, which we completed within a week's time Now this time we are looking to enter the trade and ride or die. Upside is huge, all the way to 70, while downside risk is 2-5k depending upon your risk. Play...
It was a good day for crypto yesterday, but does it have enough momentum to continue the journey up? Volume on the daily still trending down (yesterday was a nice but overall still on the lower side) Could see a retest of the EMA 20 area (63500) if it bounces then we probably won't see the 50's again in 2024 or maybe never again....But, if the retest fails, the...
Bitcoin continues to hover within the downward-sloping channel, and the trend of a lower degree remains neutral, as implied by the low value of the daily ADX and choppy price action. With these developments in place, the focus lies on support at $60,760 and $60,000; a breakout below these two levels will bolster a bearish case in the short term, especially a...
#BTCUSDT.. well guys market very well holding his supporting areas and bounced, now market have 67800 67900 as his current week resistance area, keep close it because if market hold it then only that case drop expected from here, other not. only selling will be invalidate above your upside region. good luck trade wisely
BTCUSD is on the edge, it is on the upper trendline, on the fibo levels, and from EW perspective, it's on the end of wave B, get ready for wave C, to 50,000ish. Cheers!
SL: 65081.00 TP: 71822.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
A hidden bearish divergence is printing on the daily btc chart which means a trend (bear) is likely to continue
Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 63,451.23 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 61,331.39 Why we like it: There is a pullback...