Today we will consider two potential trades that we plan to trade on the BTCUSDT chart.
The logic of the trading situation on the first trade:
The first wave of the Bitcoin price rebound is not yet complete. The price of BTCUSDT is moving in a consolidation wedge. Buyers will try to organize another wave of growth.
Entry - $29341
stop - $29107
BTC has passed the level and gained a foothold higher. We can expect continued growth to the resistance level.
BUY scenario: long to 31650.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
As we said before the price is near major support zones and we are looking for a pump here to the targets and resistances that are mentioned on the chart.
the first target, for now, is 32800$, and the price can pump here and hit this target.
We never short Bitcoin here. Yes, never.
Never never never. Even if the markets crash, you go short on other assets but never Bitcoin. Never never never NEVER!!
When Bitcoin drops, others drop multiple times that. I hope it makes sense. If it doesn't make sense don't worry, it's ok, do what you know.
Bitcoin on support. Both on the MAJOR KEY LEVEL...
good evening peoples,
i don't really have much to say.
the plan remains the same; downside target sits between 22~23k.
was able to find 7 points of confluence which align in that zone - they will act like a magnet until that target is met.
the reaction from that zone will be the key to predicting what comes next.
cash is king during these times 👑
Hello my friends, today I want to talk with you about BTC .
Take a look at the resistance line which bitcoin two candles ago broke.
Now I think we can see retest of this previous resistance and current support level .
And after this I think BTC can start upward movement.
At this moment, price trades inside a rising channel and I can show you few...
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Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it...
BITCOIN is bullish right now
And I think that the market conditions are right
For the pair to move up
Therefore, I think it is sensible to go long!
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On the H4, with the MACD showing a bullish momentum, we have a bullish bias that price will rise to our take profit at 31334.20 in line with the horizontal swing high resistance and 78.6% Fibonacci projection from our buy entry at 29554.29 in line with the horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Alternatively,...
BTC is ready for a scary dip but this move will work like a slingshot because BTC is aiming for a trendline that is at the top. Not only that it will break it towards the upside and we will see the bullish spike.
Every trendline is formed to be broken but the only condition is that the angle of the trendline should not be steep.
Since capitulating a coupe of days ago, BTC has been trading relatively steady. During this period, a bullish channel has been drawn on the chart. Classically, bullish channels in a strong down trend will result in bear flags, which will eventually lead to more bearish price action. See my previous post where I already discuss this possibility.
For now, I think...
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Let's start with my current view on the BTCUSD price
We can observe a strong correlation to the stock market in terms of liquidity flowing out of risky assets. Additionally, we can see how the FED is raising the...
I like Fear and Greed index a lot, since at it's highest and lowest points reversals happen. When we were at 60k index was 90.
Now, when we dropped more than 50% index is 8.
That's a good indication that a lot of people capitulated and shorting the market. What a better time could be for marketmaker to go long and liquidate all the folks?
I expect breakout of...
BITCOIN appeared on my radar today
With the recent news and corresponding price action
Making me bearish on the pair
Therefore, a move down is to be expected
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BOS on 1H TF, OB on 32k zone. So it's Bearish
For me, very low probability of price going up, more than 32k.
I think the main target for the next move is CME gap which is lies within range, its lower limit is 24k7
I don't see other decent probabilities
So far the indications are that a correction has not ended..and it will targets the 23,000 zone ..
The confirmation is with a breakdown of 29,000
And its failure is with a daily closing higher than 33,500