2h time frame - (1)Head and Shoulders On the left chart, Bitcoin made a potential HS as our previous analysis. Currently Bitcoin broke the neckline at 26378 and is going to retest it, if get rejection at 26378 again and broke below 25990, Bitcoin will finish the retest of HS structure, and target is 25270. (2) Falling wedge On the right chart, Bitcoin is creating...
2h time frame - There are two resistance zones Bitcoin reached recently. 1st at 26650~26850, 2nd at 27450~27800. Standard strong pump should turn the 1st zone into support after breaking up. However, we can see Bitcoin just went down through 26650~26850. This trend implies weak sign on market. Therefore, if Bitcoin takes more time to create a consolidation...
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12h time frame - According to previous analysis, Bitcoin made a false breakout(or stop hunting) again. This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024. If we take a step back, there is a potential harmonic...
BTC Support Resistance And Zones Which show price level ın the zones
1h time frame - This market got a comparable big dump yesterday, then BTC creates a false-breakout at 25000 such like the scenario occurred on June 23rd. The Price Action increases the possibility about right shoulder pattern, which top is around 28350~29150. We are still under the downtrend on higher time frame, so avoid putting lots margin on long, better to...
4h time frame - Bitcoin creating the similar structure with previous one, formed from Aug 23rd to Aug 29th. Getting support again at 25700, according to the symmetrical pattern, Bitcoin has potential to reach 27565 in near future. Therefore, we can set up a plan as below. TP: 27565 SL: 25090
12h time frame - Creating a completed top structure like HS can provide more momentum to future dump. Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS. Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future. Also, in order to liquidate as much long...
12h time frame - Market's short position is too heavy so far I think we need a huge pump to liquidate them all, then start the last dump in this bear cycle If go up to 28000 to create a HS, which target will be aligned with the harmonic pattern(18085~18600) It'd be the first important price that we can try to buy spot before bull - Short trading plan Entry:...
4h time frame - If open short at 33000 1st TP: 29800 Further, if break below the uptrend, retesting is a second timing to add short positions. 2nd TP: 16000
1h time frame - 32000 is easy to reach with this rising wedge. At that time, we can open short. Entry: 32000 TP: 30950 SL: 32300
1D time frame - Multi superposition of resistance around 32750 There is a good price to open short Further, Bitcoin will probably create top structure. Target: 29800 SL: 33700
Observations:: End of bearishness in the BTCUSDT..... the crypto currency is now @ Golden zone... It is going to reversal from this area ... If the previous resistance acts as support, will observe the price is going and will to reach 30K again. it forms a triangle pattern,
BTC has once again reached the key support level, and there is a double bottom support at 25.3K below, and going long is the best choice btc buy@25.3-25.8K tp:26.5-27K The shark trading team will provide a lot of trading strategies every day and provide a lot of management services to make your trading easier and achieve stable income!
We have emphasized that Bitcoin will start to rise when it reaches 25.6K, going long is the best strategy, the recent trend is in line with our analysis, and then continue to maintain the long strategy, every drop is an opportunity to buy. Trading plan: BTC buy@25.8-26K tp: 27-27.5K The shark trading team will provide a lot of trading strategies every day and...
BTC short-term recent overall running in the 26-27.8K range, the lower strong support at 25.8K, the upper strong resistance at 28.4K, the trading strategy suggests, first short and then long. BTC trading plan: sell@26.8-27K tp: 26.4-26.2K, below reach near the support level and go long The Shark Trading team provides a lot of trading strategies every day and...
The bearish a red trend line Just as we come to the phase- Sell in May and Go Away In 3 days the opening of a monthly candle and a weekly candle. In the next week, the non-farm macroeconomic data will be released. if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop...
Hello 🐋 based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower...