After a M formation and a low being formed, the price has failed to make a new high. Im looking for a new low to be formed or another test of 40500. Im selling here with a stop loss above the recent made high on lower time frames. If we do break this trendline and head to 40500 I will look to close a 1:3 or hold depending on what the price does at that level.
Bitcoin price touched the support at 40.6k this morning and is now rebounding. The price could easily reach 42k before taking a break.
BTCUSD - Bullish Rectangle with Entry, Stop Loss & Take Profit.
Haven't touched this Bitfinex chart in years... 41ish entry targeting 48, invalidated less than 40 - essentially playing the trendline to trendline move; we blew through lower trendline on way up so now backtesting it as support. Upper trendline remains untested... Perhaps we base now along lower trendline and then run higher towards 48 (upper trendline) into ETF...
I think a drop at that region is a must , also 39.5k is a region where a gap has been formed in cme futures.
I have shared this correction about CRYPTOCAP:BTC few days ago. follow the Macro chart and understand the price movement pattern.. I am expecting the correction to go in elliot 3 wave ABC corrective pattern before continuing upwards to the most Resistance at 48k
Are we seeing a big correction coming into BTC? I am looking at the bullrun that happend in 2017/2018, the big correction that happend after the ATH. Drawn the FIB the same way. Possible huge correction and THEN bulls come back? What do you think?
If we get a consolidation in triangle pattern like this then we get Two scenarios A. Bullish move towards $50k B. Bearish move towards $38k zone Leaning towards bearish scenario with tiny invalidation of $43.6k
This is my forecast of the path that BTC will take to reach its new all time high of 138k USD on 18 May 2025!
Hello Traders! This is my perspective for BTCUSD H4. I see two key levels that most probably will be reached. The first one is Liquidity at the price of 39300. The second one is the resistance level from 38500, from this price I will look for a Long trade in case of confirmation.✅ Traders, if you liked my idea or if you have a different vision related to this...
BTC may fall to $37900 or so in while. trade cautiously
The golden pocket zone seems around the $48-50k area but with stop hunts and liquidations cascade we might get up to FWB:52K area
Check out my post from 18 hours ago. In it I show that the $40K level is an important support! Let's see if the price returns from this point
#btcusdt price now testing the horizontal support. This is very critical. Breaking low will take price to 38 - 39K region. Breaking up will carry to 48K. NOT FINANCIAL ADVICE.
As the BTC bears push the market to the downside, the possibility of a possible retracement to the 41.6k-41.8k price regions. This pullback is ensured to begin the second wave of the Luftwaffe, Let's see how this market plays out this time period. Please tell me your thoughts o the comment section. P:S LWC - Luftwing Candle 1WL - 1st wave Luftwaffe 2WL -...
Hello Traders ! On The Daily Time Frame, The BTCUSD Reached a Resistance Level. The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So I Expect a Bearish Move 📉 i'm Waiting for Retest... ----------- TARGET: 38650.00🎯
Morning folks, So, BTC has failed immediate upside breakout, although it really has tried... Now it seems that market is not too happy with recent Fed decision and has not joined to common euphoria. This is understandable, because number of BTC rivals now are increasing. Still, we suggest that bullish context is not totally destroyed yet and mostly depends on...
BTCUSD making Bearish Trend will this continue? Entry, Stop Loss & Take Profit are mentioned.