This is an update to my precious BTC idea. In my opinion, price is likely to touch the $50,600 region. If $50,600 is lost, $47,000 is likely to get touched. If support at $47,000 is not established, price is likely to retest $30,000. Invalidation: reversal on the weekly timeframe. This trade idea is not financial advice. I am not a financial advisor of any...
For the past 4 months we have been trading inside this ascending channel and broken out of it twice, once in October and November for our most recent ATH . Since then we have fallen back inside the channel and have tested our 58k region with a move to the downside . I would like to see 58400 level lost and see a move down to 55k eventually which will put...
I had already published an idea in which I discussed my view of the price retesting the $33500 area before it could potentially continue to new highs. I would like to update that idea and share that I see a resemblance between the current price action and that of 2019. In box 1 (2017) a new all time high was made. In box 2, the bulls repeatedly got rejected,...
enter 43150 1target:34150 2target:30300 stop loss:44150 good luck
Will this strategy be possible? I'm maintaining a short position at 52500 and will clean up if my position comes back. If there is a trader who has not yet entered, 50400 wants to recommend selling.
In my opinion, the bulls have dropped the ball. Failure to break above the current weekly high of $52956 is very likely to result in a retest of support at $28600. If that support is broken, I believe the price is likely to test support at $17500. I am bullish on the market as a whole, but I believe before the price makes new weekly highs, there is a high...
BINANCE:BTCUSDT Seems to have broken a wedge downwards during this weekend, and is doing a re-test of the broken support line. I believe we will see at least 49,100$, the most we will see before a rise, which might make it bullish, is probably 48,800$ - 47,000$
Although it has a trend and a support level and has dealt with it, the price could not beat the candle well, so I expect a small correction As shown in the chart, after reacting to the support and registration of HL, you can think of buying
GOOD LUCK~~!! XBTUSD SHORT ~~ It's just my hope and I don't know how it's going to go. I'm betting on a shot.
This is a quick update. Overall, the price is looking bearish. On a breakdown of the consolidation below $28850, I expect the larger move to continue lower to $17300. There is some support at $23,100. I have played the consolidation relatively safely by scalping the lower timeframe. The market seems to be heading into at least a short-term bear market....
////////////////////////////////// if u guys checked my previous Analytics (the weekly chart for BTC) ... u gonna find a head and shoulders pattern that gives us a Red Flag for a big Drop ..... And for getting a proffit from this drop we need to focus in an earlier and safe entry with the rule of StopLoss (1/2)Target ... for that we will analyse the...
Resistance: $36600 Support: $30176, $27500 These are two minor supports in the way. I would offer more but what else do you expect for free? In the bigger picture, I believe that the price is slowly grinding down to $21300. My larger t.f analysis is playing out. Alts will get destroyed. Noobs should stay away from margin trading at all costs. This trade idea...
Bitcoin Trade Setup - Swing Trading Shorting Opportunity Bitcoin looks weak but that doesn't mean you short it right now. It is forming a triangle pattern and so let it breaks the downside. You can short Bitcoin once it breaks the red supporting zone. If you're a conservative trader, then wait for a break from the red zone and retest the red zone again. If you...
I am a trader who trades the trend and knows no fear as long as I am following the trend. Having said that, I believe the larger trend is on the verge of becoming bearish. $49k is a key support level for me. It has failed to hold on the lower timeframes. If buying pressure cannot keep up at this $49k level, I expect a dump down to $40k. I believe there is a good...
Bitcoin fell out from the rising wedge and is now in a ABC bear flag correction phase targeting the 21 weekly Moving Average which also correlates with the 0.382 Fibonacci from the greater move Corona crash till ATH). The B would also fill the CME gap and if you draw a Fibonacci extension from ATH to A the Golden pocket marks the CME gap perfectly. all this...