BYBIT:BTCUSD
BYBIT:BTCUSDT
Bitcoin has been consolidating in a range for 21 Days now.
There is a history of ranges forming on BTC and breaking out.
Is the pattern about to break out?
I evaluate the important levels to look out for, take a quick look at alts. (Hence the video title has KAVAUSDT in it )
2 Fibonacci Golden pocket reversal areas that I...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BITCOIN.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
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Phil
Taking a look at bitcoin it has currently traded into resistance at the top of the range. In the video I discussed how we could look for a trade opportunity from the current price level. All explained in the video, not financial advice.
Hi everyone.
In this video talk through the ongoing consolidation, cover some order-books and nearby technical levels of relevance.
Also cover some macro rsi vs trendlines analysis that are showing over-extended drawdown into lows offering higher probability of bounce from these levels and better RR longs.
I see a successful trade as a trade either makes money or mitigates losses and further loses. An example of this is the trade I made on may 17th and exited 5 minutes into the day of May 18th. The price dropped 5% further.
Long story short, I have thought APPL looked like crap since April 7th, when both Hull averages on the day and 4HR timeframe lined up in a bad...
Taking a look at the bitcoin, it is currently rangebound. It's important to understand what's taking place when the market is consolidating and be prepared for how the market moves once it does break. All explained in the video, these are my opinions and not to be construed as financial advice.
Share markets continue to chop around the lows with bulls trying to build a base to drag in more reluctant buyers. Inflation and rate rise concerns continue to weigh on markets as the Focus is on economic numbers. If the data shows the start of a slowing economy while inflation remains strong...we could see some serious selling into share markets.
The general...
