BITCOIN | A Short Term Bullish Scenario
After all, the important data from the U.S Bitcoin showed to be
very strong and it survived very well until now.
The support area near 18.2K showed to be very strong.
Neither the NFP, CPI nor FOMC didn't push it lower than the previous low.
So it has a higher chance to increase again as shown on the chart!
We hope that the market has already processed the news related to the Fed's actions and statements and has calmed down a bit.
So we can try a conservative trade of buying Bitcoin:
Stop $18089 (-3%)
Take profit $21444 (+14.98%)
P/L ratio 5/1
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BITCOIN UPDATE: -The price has been fluctuating in a tight range between $18K and $20K in the last few days, preparing for the next crucial move.
A double bottom...
The price is testing the daily and 4h resistance inside a falling wedge on the weekly support. I don't consider the Spike about FOMC.
How to approach it?
The price needs to hold the ascending channel inside the falling wedge, otherwise we could see a new bearish impulse until the 18k
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(Nasdaq100 1D Chart)
The key is whether it can move higher than 11953.1 during the volatility period.
If not, you should check for support near...
Bitcoin is staying at the same level for several days and the market is boring despite the FOMC meeting and Powell’s speech. I told you many times that the insane long can be flashed very soon.
Let’s take a look at the 4h timeframe of the BTCUSDT chart of the WhiteBit exchange. The price touched the demand zone multiple times and this support...
Hello Traders I hope you are well and safe. Today am discussing #BTCUSD For Short. Here is a Full Analysis of #BTCUSD. When price Test Supply Area then the Nice opportunity for short. If you have any queries then leave a comment. Thank you
Hey traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 19600 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
It seems that the price of Bitcoin continues to decrease
If the 19,000 support breaks, the price will be reduced to 13,000
And if the 13,000 support breaks, the price will be reduced to 4000
Note: The market is not 100% predictable, we do not risk more than 3% of capital
Hello friends, I'm still waiting for an opportunity to open my short position. We could witness rapid growth this weekend. Below are my assumptions on why could this happen:
1. Clear RSI divergence.
2. Fair value gap above.
3. Three drives pattern has formed.
4. The stock market is closed.
5. Low volume, hence, it's easy to manipulate the price.
Overall, my entry...
Primary Chart: Fibonacci Channel with Fibonacci Retracements of Entire Summer Rally
Price continues to chop above and below the $19,246 retracement level identified in prior posts in recent days.
Price action appears to be consolidating before the next trend move—this next downward flush may occur very soon. During this consolidation,...
Bitcoin long term projection. Setting all the ranges to find the confirmations on direction within levels. Lets see how the first phase plays out with the yellow line. This is just for educational purposes not to be taken to heart. but this will be nice to go back to in the future as a time capsule. Just hit play time to time to see where we are at. Enjoy
Lol despite the markets crashing btc just won’t lose this main support , possible double bottom forming , obv divergence. I honestly think this is the a great entry opportunity on the long run. stock market also suffering a lot. inflation might have peaked but we need some time for the rates to make a diference so next month I don’t think fed rises more rates they...