Hello,Friends!
Previous week’s red candle means that for us the BITCOIN pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 45367.
✅LIKE AND COMMENT MY IDEAS✅
Bitcoin traders, on the other hand, buy and sell Bitcoin in the short term whenever they think a profit can be made. Unlike investors, traders view Bitcoin as an instrument for making profits. Sometimes, they don’t even bother to study the technology or the ideology behind the product they’re trading.
Im thinking the market will create a head and shoulders pattern and head down to 34240 zone for a 61.8% retracement then some consolidation, before next pump up.
Why the high leverage?
If you have a capital of $500,000, why would you go as far as doing 20X, 30X or even 50X?
What's the point?
The supposed reason is to make lots of money, fast.
It needs to be fast because the leverage is so high, if the market doesn't break in your intended direction right away you are almost certain to be liquidated in a matter of...
I am Scalping a Short with 50x Leverage.
Indicators: The next pivot and Support and Resistance.
These are on Coin base BTCUSD 30 Minute as the prices
React to my exchange prices nicely.
Highly accurate spot on signals.
Bitcoin is currently at the ceiling and drops to $17,000 range in 2024, then rises to $65,000 in 2025, near the last ceiling.
After that, from the beginning of 2026, the big crash will start and Bitcoin will fall to $175.
The last part of this analysis is very bold.
@JalilRafieefard
28 Dec 2023
Nifty and #NiftyBank have seen a sharp fall last week. The bounce seen in the second half of the week lacks strength. So, they may not sustain. Resistances are there to cap the upside on the #Nifty and #BankNifty. We expect both the #Nifty and #NiftyBankindex to remain under pressure and see more fall in the coming weeks.
BTCUSD is retracing higher possibly towards 44300 area. From this it is expected that it will resuming lower with eventual target of around 32000 area.
As we can see BTC has expanded into the range it is now consolidating in.
We have seen this structure play out before and we are now looking at a retracement for monthly open to position ourself short for the rest of June towards the previous swing lows
Looking to short anywhere between 31.5 to 33k on BTC
Invalidation: 34k
TP1 : SWEEP AT 25K
TP2: 20-22K
