Because price didn't manage to break above 31k properly on the 3day chart, I believe that BTC can go back and retest 28-27k at around the midvwap before going back up. On the other hand, a break above 31k from here, without a liquidation of the current low at 30k can push price Towards 33k-34k, but the low left behind can attract price and create a pullback to...
Presently, on the 4 hour timeframe, we have A change of character and break of structure targeting the downside 20,000 price handle. On the daily and weekly time frame, we have a flip zone identified and a fair value gap that informs our bearish outlook for the short term to medium term.
Bitcoin forming another downward parallel channel after Fail break from 30.6 with a wick to 30.9 and now continuing the parallel pattern
Thanks for watching
I just noticed something on the 1hr timeframe, a possible new channel formed, hoping bitcoin respects the support of the channel as drawn up, prediction is still bullish for me, hoping for the best anyways
we saw the break out of the trend and the BTCUSD touched 31000 followed by the current pullback which is still riding above the 20 moving average. thus im still expecting it to go as planned and hit our target of 32000. im monitoring it for the next 2 hours coz i feel the next 2hours will be key as to how far up we shall go
👉 My Trade Plan
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✔️ Possible LONG
🎯 if B.O => Fibo 261.8 @ 34 400
🎯 if not B.O => 29 900 then 29 300
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📌 Main Time Frame H1
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👉 TrendDOWN : OFF
👉 GreyBOX : ON
👉 BladeSCALPER SIGNAL : ON
🎯 Fibo 23.6 could be...
Chart Analysis:
Recent Developments:
The chart has recently exhibited a classic 'Cup and Handle' pattern which broke out and evolved splendidly. Following this, there was a pullback to the breakout level, which culminated in an impeccable falling wedge, as we had anticipated in our preceding video. Subsequently, there was a remarkable breakout, and we...
Bitcoin distribution phase continues at 31K with a possible move up!Patience is needed as these bare market rallies take time to come down.
Thanks for watching
Risk control was there but this was a smaller TF setup
On that smaller TF, trap was ok but not extremely apparent; it was more based on a rejection and liquidity hunt (a worse quality setup that does not tend to run)
Location and smaller TF flow was good
Maybe sharp move consol sharp rejection and *continuation* is a viable setup; need to study this...
Market Conditions: The current state of the cryptocurrency market is a crucial factor in determining whether selling Bitcoin is favorable or not. Factors such as price trends, trading volume, market sentiment, and overall market health play a significant role. Analyzing market indicators and technical analysis tools can help assess the market conditions and...
👉 Mon plan d'action / Prochaine étape
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⛔ Pas de trade pour moi dans cette situation
✔️ Possibilité d'un petit SHORT
🎯 Prochain objectif possible : 29 300
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📌 Unité de temps principale H1
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👉 TrendDOWN : ON
⌛️...
👉 My Trade Plan / Next Move
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⛔ No Trade for me in this situation
✔️ Possible small SHORT
🎯 Next possible target : 29 300
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📌 Main Time Frame H1
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👉 TrendDOWN : ON
⌛️ Watch the breakout of the RealTime TrendLine
🎯...
Today I looked at all time frames before I made my move. on the higher time frame ( hour ) it showed strong indications that it was on its way down. so i set up the fib and set my stop lose ; and within 20 minutes it was a 20,000$ profit
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