Two main resistance zones are ahead that can make the price weaker if they remain valid.
Frist resistance zone is 52K--53K support that turns to resistance now(0.61 Fiboancci resistance + retest breakout of green trendline).
The second resistance zone is red trendline sell pressure that is near 55K$.
only after breaking the 55K resistance zone, and also it can...
Hello my friends, today I want to talk with you about BITCOIN dump.
As you can see, price dropped for 27% in only one day, that's unbelievable.
And I think a Lot of you guys want to know what will be next, today I will share with you my opinion about it.
I think at this moment the price trades in a pattern which calls a Rising Wedge pattern.
It's global...
READ THIS IF YOU LOST MONEY:-
First of all, I need you to step back for a while and take a break if you lost money.
If you got liquidated this is a lesson for you and all of us.
To keep minimum funds on futures,
To always use not more than 5x leverage if you are a bit experienced if not you must avoid leverage and stick to the spot trading.
I know how it feels to...
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a...
Its normal for Bitcoin to correct 40% in Bull runs! Market was overleveraged! Finally we have a sane cooling of funding rates and leverage!
Turkish: Bu tarz duzeltmeler cok normal,piyasa sismisti yuksek kaldiraclar yuzunden.Simdide duzeltme bitti yola devam diyemeyiz,tekrar 42k veya 45k seviyelerine geri gelirse sasirmamak lazim! Yuksek kaldiraclardan uzak...
I had to include a one-hour chart because under the circumstances, my favorite 8 hours doesn't say much.
So, EMA crosses on BTC/USDT and second red candle on monthly SPX chart are very bad for bitcoin.
We have known this for a long time, and those who are new to this market can now feel it for themselves.
Don't ignore SPX and EMAs death crosses (it's first of...
This is the post supporting earlier ideas and summarises basic options for the current wave 4 on daily frame.
Basic options - just because they are the easiest to project at this point of time, provided we do not get a complex correction
Hope this post is useful.
Trade safe!
Wise man that Confucius.
Been looking at this wrong all dang day! - but thankfully this is still a short. So if you stop lossed last time, go ahead and reopen the short.
Sometimes I have to realize that the Wyckoff trading range is not straight! And thus the Wyckoff distribution cycle now makes PERFECT sense. :)
I literally slapped myself in the face when it hit me.
Hello
There is no good news from the US government
2 Fibonacci levels were broken
The price is currently below the moving average of 100, 50 and 20
Price brakes were pulled at the moving average of 200 and Fibo 0.618
We have 3 scenarios
By the end of the year, prices in the region will range from $ 40,000 to $ 50,000
The next scenario is we set above $ 54,000 and...
See my previous bitcoin analysis, I had warned about the fall of bitcoin And I believed that if the specified bitcoin box was broken, it should be accompanied in order to break the box.
But to be honest, I get very little profit from the Short position, I hurried and got out of position a little early
But do not rush now. The story of Bitcoin is not over yet,...
The long term uptrend btc channel is clerarly printed...as you can see we bounced up when the price hit the lower channel side....i dont think we can go much lower....the price can struggle a bit to go up but thats it though...after creating a honey hole another up trend mega or not will start...it will be very intressting to see if we will go lower after the...
Bitcoin is in a daily downtrend, and the $ 50,000 to $ 52,000 price range is a strong resistance for it.
If the price fails to break this resistance range, it will continue its downward trend to reach the $ 40,000 to $ 37,000 price targets.
our suggestion :
Sale
Entry point: $ 50,000
Loss limit: $ 55,000
Looking like a bullish shark is playing out on BTC. Wait for the retest of the $43k before the pattern plays out. On top of that, it looks like we may end up getting some cat ears on the fisher 34 (double volatility spike). Let's see how this plays out. Targets are marked on the chart. Apparently I have to say this is not financial advise now, because people will...
Hello friends,
There are those who think that a price goes straight up, but you have seen it never goes straight. They think a correction is like letting $1000 fall through a hole every single day.
The money is made in investments by investing for long periods of time. If you are a shitcoin trader go back where you belong!
Technical Analysis Section:
Bitcoin...
Ok guys, top UTAD trading range is breaking down to SOW Phase D in Wyckoff distribution. We have two trading ranges that developed and now is the time to short this. We will see prices go below 46600... Likely at least a retest near 42k.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
Ok we stopped out a lot players, can we reverse now?
Maybe! We bounced from the downtrending trendline and if we can manage to close above the rising trendline i would be even more bullish.
We are searching a monthly higher low.
You can be mad at me but i target 80K
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the...
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