Will Bitcoin give us this long trade opportunity?Hello, everyone!
Let’s continue our trading journey. Yesterday we had the successful short trade on Bitcoin, but tonight it gave us the early reversal signal, that’s why I decided to close the trade in solid profit and wait what the market will give us.
Let’s take a look at the 1h time frame BINANCE:BTCUSDT chart. We can see the bullish reversal bar at the very bottom. This is the simply the bullish hammer with the large angle with the Williams Alligator red line. This was the first valid signal that the downtrend is weakening right now. Moreover the BTC has already created the first fractal above the red line. If it will be able to overcome this level at $22998 we can use the long trade setup pointed out on the chart. In case of losing support at $22738 we can open the new short trade because the potential trend reversal is not valid anymore. Anyway we should not try to predict the future, just trade the current market situation.
Best regards, Ivan
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Bitcoinusd
Bitcoin is forming the bull trap right now!Hello, everyone!
I hope you enjoyed my last two trades, it were extremely risky, but we took very nice profit. I have completely changed my mind about trading. As you know I have lost significant amount of money, shorting the market during current bull rally. It was the moment where I fully understood that market is unpredictable. That’s why I also revealed that Elliott waves are needed not for entering position and predicting the future, but for the verification if the market is in impulsive or corrective wave right now. I was too self-confident using waves and forgot about other Trading Chaos tools. Now I started to use them all.
We have 1h time frame of the BINANCE:BTCUSDT chart. The price hit exactly my target for the long trade and started local retracement. Now we can see that it has already formed two up fractals and one downfractals. It means that we have the fractal signals for both sides, long and short. Looking at the higher time frames we can notice the multiple bearish divergeneces. That’s why in my opinion the long trades now are risky. I will remind you, divergence is the greatest predictor that the wave 5 has been ended. It is not the signal, just caution.
What about potential trades? We have the key fractal level $23564 . If the price will break this level I am going to open short with the stop-loss above the second up fractal $23893 . take profit I am going to place at $22575 . But we have to watch out carefully the moment when price approaches the crossover of the trendline support and resistance, we can see the reaction from there.
If the signal will be activated it is going to be under the red line of the Williams Alligator indicator. It confirms the signal’s validity. Awesome Oscillator has also shown us the short signal, which enhanced our thoughts.
Best regards, Ivan
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Trading is Repeating- Not sure that we already finished Wave 1.
- What we know is : " BTC went straight up for 4 weeks ".
- the safest way for now if you missed the last bottom is to watch and wait.
- At one point TheKing have to retrace, so be patient.
- if BTC Retrace now :
- Set your Fibo to -61.8% Retracement, around 18,500$
- Charge bag at the good time.
- if BTC push more :
- Wait for a retrace and recalculate your -61.8%.
- Keep it easy and Stay Safe!
Happy Tr4Ding!
Bitcoin (BTC) forming bullish BAT for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC)
In the previous trade setup, after a lot of sideways move, finally Bitcoin rallied more than 43%.
Now on a 2-hr time frame, BTC is about to complete the final leg of a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
#BTC Game of Bullish and Bearish Deviations..#BTC has been trading inside this channel for the last week.
Only a breakout will decide the trend.
All the marked deviations are merely a filtration process before the next leg.
But it's crucial for BTC to break the $23k level by this week.
Else the trend will weaken if it gets rejected again and again.
Keep an eye, better not be emotional.
IMHO, Wait for the breakout in HTF, You can't be bullish or bearish in a sideways trend.
You will only lose money trying to trade the sideways market.
DYOR, Not financial advice.
Do show your support with your likes and share your ideas in the comments.?
Thank you
#PEACE
The Bull market for Bitcoin has been confirmedI am so overwhelmingly optimistic that I incessantly evaluate my emotions to ensure that my viewpoint is not erroneous. But how unrealistic is this when #Bitcoin is on the verge of closing its weekly candle at this current price level? We have breached the triangle and the 0.382 Fibonacci level. In recent days, Bitcoin has also established support at the 0.382 Fib level. Bollinger Bands are contracting, indicating an imminent explosive breakout. In my opinion, we can begin preparing to revisit the $35,000 price level in the upcoming weeks. That is the next resistance point, specifically the 0.236 Fib retracement.
Furthermore, the outlook on the monthly timeframe is highly favorable, which is in the process of closing within the next few days.
Wishing you all a thriving bull market, my fellow Bitcoiners.
Bull confirmed.
Bitcoin – my intraday trade revealed!Hello, everyone!
The mid-term analysis for the Bitcoin remains the same, I expect the correction to $20500, but it does not mean that we can’t use the intraday trading opportunities. I expect the last leg up and am going to explain you why.
On the 4h time frame BINANCE:BTCUSDT chart we can notice that the price is still above the Williams Alligator indicator, it means that the overall bias is still the bullish. Moreover we have the clear signal – the green dot under the candle. This is my hand made indicator which make it easy to reveal the Awesome Oscillator long signal. If the price will break the high of this candle it confirms the bullishness.
We have to buy only at the breakout, therefore I placed the conditional buy order at $23103 . This is not only one argument, this signal is located above the red line of Alligator. Moreover on the 1h time frame there is a up fractal, which is also the key level, which breakout could bring the price at least to $24k , but after that the anticipated dump is about to happen.
Best regards, Ivan
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Bitcoin is about to explode!Hello, everyone!
I hope you like my new analysis format with my intraday trades. Yesterday’s trade is still actual, but if you missed, you can use this one because it has much better risk to reward.
On the 1h time frame BINANCE:BTCUSDT chart we can notice that the price is fluctuating around the teeth of the Williams Alligator indicator. It means that the market is about to explode an show us the impulse. Now we have the clear fractal signal if the price will break $23053 it can reach much higher levels. This breakout is going to be the trigger for bulls.
Moreover we have the trendline resistance above and I suppose the Bitcoin should break this level to show us the higher high before the dump. Awesome Oscillator now is aslo gaining the strength, crossed above the Moving Average. It means that the momentum is rising. Very important we have to wait for the $23053 breakout to jump into long trade. The stop-loss should be placed just under the second down fractal at $22838 .
Best regards, Ivan
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Next Bitcoin movesBitcoin broke out of the low 20K resistances and is approaching 25K. 20.5K is now acting as possible support.
If Bitcoin comes down, it will have support at 20.5K and 16.5K. Both these areas are good enough to enter a long position. Lower time frames - minutes and hour - will confirm when it is nearing.
Long position 1:
I will gladly enter a long position at 20.5K with StopLoss at 20.3K. Take Profits at 21-22K, letting some run while upping SL area. A loss of 20K could see BTC going to 18 or even support levels below that.
Long position 2:
I will enter a long position at 15.5K and 16,5K. Both should be huge support. I will take some profits along the way and letting some run for the long run. Any BTC at 16K ish is worth it for the long run imo.
Short Position 1:
BTC reaching 25K warrants a short. Looking for lower time frames action to see how BTC reacts.
Short position 2:
If BTC goes through 25K and maybe even retests and bounces, it could rocket quickly to 30K. A short at 30K seems good, again check lower time frames. If BTC is hot, taking profits quickly. Even though BTC could go through both 25K and 30K, it should drop at both prices first time it hits, so a short at both places would be logical.
Short position 3:
BTC could go fast from 30K-40K as most people will buy at low 30K and not sell until at least 40K. Shorting at 30 for same reasons as the other shorts.
Drawings show some suggested moves where it will react at these aforementioned price-points. Though dems and other sick elites are trying to wreck our economy, I am bullish on Bitcoin in general/the long run.
Would love likes or comments, with ideas and other scenarios etc.
2019 bull run VS 2023BTC / USDT
hello all
This is a new fractal between 2019 bull run and 2023
lets talk about the similarities between both years:
1- Both are after bloody bear market years 2018 and 2022
2- major downtrend line breakout
3- 200 1D moving average breakout
4- strong reactions from bulls after period of capitulation
well I don't think it will be an identical movement
but If BTC followed 2019 fractal then our target should be something near 50K (0.786 Fb resistance)
Appreciate your support by likes and follow
any questions or ideas please post it in comment section below
Bitcoin is on the edge of collapse!Hello, everyone!
Yes, this is just the bright heading, of course collapse on the Bitcoin will not be in February 2023. Now I anticipate just a correction to allow us to enter the long trade.
On the 4h BTCUSDT chart we can see a lot of bearish signals and if it will continue climbing it would be really weird. The most bearish factor is the double bearish divergence on the Relative Strength Index RSI. We could choose any oscillator and all of them are showing the same. Divergence is the sign of the completion of the wave 5 and BTC should show us the correction soon.
Another one important thing is the trendline support breakdown. I am not keen on trendlines, but this time it looks valid. Moreover the price was unable to reach the trendline resistance and bears took control before. The combination of these factors is enough for me to make the bearish forecast for the next week.
In general, I suppose bullish rally is not over and we have to see another one leg up above $25k before the true collapse. The potential buy zone is still $20500 , there we have to watch out carefully on long trade setups.
Best regards, Ivan
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BTC Wave B has begun!We are just waiting on confirmation of a break and close over the previous LH ($25,200) to confirm a sign of strength/Quasimodo. This will also further validate the near term protected bottom of 15.5k and present a once a year opportunity to buy the bottom/open short term longs at the retest of $17,600. Keep in mind, this short term bull run is only a 3-3-3 corrective Wave B and will face a major level of resistance around $35,900. We can only speculate for now.
Bitcoin - Suspiciously Inviting With price divergences in the daily and hourly charts suggesting a correction of the rally is due, we see an interesting situation playing out with BTC in the weekly chart.
A critical support level exists at around $18.4k that, if broken below, eviscerates the bullish case for a continuation of the rally to a higher-high and instead, opens the doors to a new bear market low.
This is because we have an 5-3-5 Elliott Wave count so far from the $15.5k low, that could either be the conclusion of an ABC correction, or waves 1, 2 & 3 of a 5 wave impulse higher. The outcome is not resolved.
This gives rise to the potential for two very different scenarios as indicated in the chart at the top by the Bullish and Bearish Case labels.
What do you think? Is it all-in bullish or time for a pause to watch for a resolution?
BTCUSD WEEKLY HOLALYSISAs of the moment WHALES does its job to induce and liquidate most of retail trader. Everything is engineered. I don't think Bitcoin will break 25k-26k zone at the moment so my over all bias still BEARISH, if so happen to break that zone it a clear change of character from downtrend to an uptrend, definitely change my bias too into BULLISH.
Bitcoin – my next insane trade!Hello, everyone!
It’s time to forget about my failures which I made last couple of weeks and think about new trade ideas. Of course it’s extremely dangerous to buy Bitcoin right now becuase it shows us some sign of weakness.
We will use 4h time frame of BINANCE:BTCUSDT chart to count the waves inside the current cycle. The Awesome Oscillator is our main tool to understand the waves order. It’s maximum value corresponds to the wave 3 top. After that we saw the zero line crossover which is the sign that wave 4 has been finished. Now the BTCUSDT is printing the wave 5. I suppose it’s almost done. I expect the only one fake breakout to $23600 – $23800 price levels. Moreover the wave’s 5 target is located also next to this price value.
The overall uptrend is not finished, but I expect the correction where we can enter the BTC long trade. The target area for the potential dip is $20500 because the wave’s 4 end of lower degree is located here.
Best regards, Ivan
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Bitcoin Eye Cand-yPulling out some tool not used so often in the toolbox. The Red Line or the .236 @ 22.9k is the Resistance and the area to short from.
Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low.
If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How far it goes is yet to know, though i have my readings.
Honestly, I had previously thought that ~15.5k was were the bottom was going to be and i am keeping an eye on that level.
As it's technically still in play as many other have had that assumption too, though I have my suspicions.
Keep your wits about you, and check the weather, CryptoWhether.
Drawing Bitcoin- Not a price speculation.
- Not a bottom Confirmation.
- No need to speak too much because everything is on chart.
- Understand this analysis.
- Zoom in / Zoom out.
- Follow the Lines and Circles.
- Look for potentials breakout zones.
- Aberrations are frequent in a turbulent market.
- Supports always turn to be Resistances and vice versa.
Happy Tr4Ding !
Bitcoin – last pump before correction!Hello, everyone!
Making many mistakes last couple of weeks I am not going to give up in learning how to trade using Trading Chaos by Bill Williams. I don’t know why, but I believe in this approach. I decided to switch to the 1h time frame to have more practice. Today I am going to show you my next trade.
Let’s take a look at the WHITEBIT:BTCUSDT chart. Looking at Awesome Oscillator we can conclude that the wave 3 has been finished and minimal requirement for the wave 4 end also has been met. I am going to catch the wave 5. Here we have the fractal signal at $22974 . If the Bitcoin price will cross this level it means that this trade become active. Here we have the clear stop-loss below the down fractal at $22637 . I am going to use this trade. Let’s see what happens.
Best regards, Ivan
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!