OlegMarchenko

OlegMarchenko

Today we will look at the 4h chart. BTC will soon be wedged between the hourly descending SMA and the 4h ascending SMA. The correction of the last few days has been for medium SMA. Now you can take a short-term long with an exit of about 50,000. Stops should be around 43,000 We will be able to talk about the resumption of growth only after breaking down the...

OlegMarchenko

BTC corrected locally, pulling the entire market with it. Alts sagged a lot and lost up to 30% in price Who had a reserve of money to pick up assets that fell in price, congratulations! What will happen next? Previously, we held in the support zone, which we drew earlier, and the probable movement of BTC will be in a wedge, which forms an upward 4h and a downward...

OlegMarchenko

BTC broke through 50,000 and it looks like it decided to gain a foothold above this value. So far, we are seeing long positions and continued growth. Approximate movement is shown by waves from 0 to 5 points. If the green support line is broken, we will go down to the blue, but this will be a local correction. It is better to hold positions and open stops at the...

OlegMarchenko

On hour candle, we continue to move in the growing channel. The future, possible, movement is indicated by waves 1-5. But there is a moment: divergence is traced on the daily chart, therefore, it is necessary to enter the long very carefully, with stops under the green trend line.

OlegMarchenko

So what do we have? For the umpteenth time, we are testing the level of 1450 USD, forming a triangle with a vertical horizontal edge. In fact, on the one hand, it is a formed pennant, which works out for a breakout upward to the height of the previous growth before the correction is 200-300 USD, on the other hand it is an ascending triangle. If we add the growth...

OlegMarchenko

Last week, Elon Musk, with his tweet, brought BTC back to the growing channel. On one hour candle , we have already held on and continue to grow gradually. Possible movement is displayed in 5 waves. You can look closely at the longs. The pivot point is below the level of 32500. A stop can be placed below this value.

OlegMarchenko

We have successfully completed the 5th wave from the previous idea. What's next ? For now, we are still looking towards 28,000, but the price will gradually be squeezed into a wedge formed by a red downtrend and a purple ascending line. The other day we got Death Cross (the average 50 crossed 200 for 4 hours) This is a general signal for the continued decline in...

OlegMarchenko

After breaking through the triangle, which was indicated by the blue line, we smoothly descend to the purple one. Another line along which we can trade, which means that the downtrend continues, approximately to 28,000. The movement is shown by dots from 1 to 5 Investors shouldn't buy the asset yet. The resumption of growth is possible, but later, we will see it...

OlegMarchenko

We look at our triangle on the watch, we are within its boundaries, and according to the recommendations given in other ideas, we should now purchase it with the aim of selling at 36,000. Everything will depend on the next candle. If we break through 34,000 and fix under the lower edge of the triangle, we will redraw its possible movement (BTC) and decide to exit...

OlegMarchenko

The movement of BTC continues in the previously indicated triangle. When asked what to open Long or Short, I will answer - when reaching the upper edge of the triangle, you can consider a short with closing at the lower edge, respectively Long when reaching the lower edge and closing when reaching the upper edge. While BTC is on the sidelines, you can take a...

OlegMarchenko

Today we will look at the hourly chart. We see that BTC is in the area of ​​the trend line (200 SMA) for the market as well - this implies a return to the growing channel, but there is a second point, we have a previous extremum of 41,500 USD and a return to a full-fledged growth channel, we will see when this price is broken. So far, a double top has been formed...

OlegMarchenko

The corrective movement did not reach the support of the trend line at 4 candle time - this is the area of ​​27,500, so the probability of going to this value remains. I have indicated a triangle in which BTC can be for a while. The amplitude of fluctuations may begin to fade and we will see the limits of 30-36,000. On the hourly chart, we hit the resistance of...

OlegMarchenko

Today we will take a look at BTC on a daily chart. We see a second red candlestick, if we see another one or two, this will indicate a possible trend reversal. For those investors who are in BTC, you can keep it with a stop at 25,000. Why is it so low from the current price? Because now there is a trade with a fairly large amplitude. For those who are not in BTC,...

OlegMarchenko

BTC made an impulse movement and we reached 24,000, in the near future, most likely, we will move between 22,000 and 24,000, as shown in the chart. This will be a lateral corrective movement. As mentioned earlier, for investors, it is necessary to hold positions with a stop below 20,000, for traders, to work from long position. Buying on pullbacks selling at...

OlegMarchenko

The formed impulse is the continuation of the growing channel. The situation has become clearer, BTC is not going to short in large volumes yet. You can trade from long position, during rollbacks, or simply be in a position with a stop below the price of 20,000. If you want to know more about cryptocurrencies or keep abreast of news, use our platform...

OlegMarchenko

BTC will soon come out of the wedge, on the 15-17th, the only question is how this will happen. A flat channel begins to emerge, this is also not bad. If Bitcoin is held in a channel between USD 18,000 and USD 19,000, we will see the rise in altcoins. It is still not worth opening positions. We are waiting for the development of events.

OlegMarchenko

Support for 4H candle, delayed the BTC price, but on the 1H, we have already dropped under it. On the one hand, it may be a small corrective movement, but on the other, the formation of a falling channel. As before, it is better to refrain from buying or selling, the situation is not very clear. Two event options: - we go to the price of 18 800 and fix above, and...

OlegMarchenko

Support for 4H candle, delayed the BTC price, but on the 1H, we have already dropped under it. On the one hand, it may be a small corrective movement, but on the other, the formation of a falling channel. As before, it is better to refrain from buying or selling, the situation is not very clear. Two event options: - we go to the price of 18 800 and fix above, and...