Bitcoin 4h between MA 100 & Up the Weekly Pivot LineLooking at the MACD, we can see a hidden divergence pattern from 33800 to 38400 and the RSI hasn't reached it's critical overbought point over 70 yet and currently is at 59
the price has overcome Weekly PIV Line,though looking at the MA 100, it serves as a strong resistance line at 38700
if candle closes above 38700 we can expect the next resistance at 40900
if candle closes below 38700 then we can expect a support at 37200
Short-btc
BTC Short idea. Best case scenario 48k. adding shorts.The exact top is unknown, but I am adding to shorts. whales know if the btc drops to 30k is game over 100%. they try hardcore to push the price up. but its done!
it was actually a dumb move, if they let btc sink to 38k, we'd have some epic bounce and slighty longer lasting market. but now, if btc dumps, it will not only break 38k, but straight to 30k. dumb bulls.
BTC Long And Short Trading Plan for JanuarySharing with you all my trading plan for this month and the swing trades I am looking to take here / What I am expecting to see in the market.
Currently and not entered into any trades BTC is far too volatile. Hope for some of you this may help, We have spent an extended amount of time pushing to the down side so I am expecting us to get this as sort of a relief bounce that turns into a Swing Failure Pattern for BTC before we continue our move down into the $30,000 range eventually Winding up at the low $20,000 Level.
BTC Short Limit - Alt Season coming?Hello everyone,
I am posting this analysis to announce that I believe that BTC bear market confirmation will occur when BTCUSD rises to around $61,000. I believe ALT coins will rise drastically once BTC begins to rise and reaches this level and I plan to short BTC when this occurs.
Once BTC reaches this level I believe the entire market will fall with BTC and plan to DCA my favorite alt coins around this time next year.
Good luck. Happy Holidays!
Price expectation on bollinger bands on a weekly timeframe.When we fall below the 20-week moving average, which is the Bollinger middle band, on the weekly timeframe, then it is an undeniable fact that we test the Bollinger lower band. When we examine the areas where the moving averages cross in the weekly timeframe, they show interesting support and resistance points in the past, which seems too strange to be a coincidence.
Another striking point is that there is a positive mismatch in the relative power index.
#Bitcoin journey to #45000 level, converted 50% of trade #BTCHi People, so what i saw here was that (yeah i saw it at 49K and now telling at 48.7K), their was a bump right after the sudden fall in march-apr time, and right after the bumb a couple stagnant candles, btc fell, one important thing was volume, which sorta showed that people were not buying just holding and in the market where active buyers arent there, if stuff rises its not for a much time and hence it falls back. In simple ways of understanding is the prices act like a democratic/decentralized system where you and I are part of the volume and if we don't think BTC is worth 50K and we don't trade (volume doesn't rise with price), that means price is doomed to fall (no trading lesson just my understanding of what i have seen so far). So here as well you can see an inverse curve of volume has formed with respect to the price rise, that shows, people are much more interested to trade in the market when the price goes down (shorter or sellers in general) as compared to buyers when the price went up, doesn't that show a relation that price should go down.
Action: What I did was I sold 50% of my trading btc to usdc. And of course I am a btc and eth maxi so will buy when it goes down
Note: This is not financial Advice just my own trading opinion and personal trade info, DYOR before investing/trading any crypto or coin, I do not take any responsibility of the loss assumed by you in any trade you took based on my analysis. Please do share your analysis as overall it helps the community and encourages participation, thanks for reading whole note, Please feel very free to type in your analysis or point, will be happy to read and reply as sharing information is sharing wealth. Good Luck!!!
YFII SHORTBearish momentum in both lower timeframes and higher timeframes targets are placed at the next support levels
ROSE Price Correction - Bearish Trend Ending SoonCharts published are based on technical factors using patterns, structures and price action and no chart is 100% guaranteed and market volatility can change the trade setups or plans anytime. We share the charts and analytics for education purposes while you should follow them at your own risks. We always recommend doing your own analysis before investing in high risked market instruments.
Not a Financal Advice.
Litecoin H&S Formation GameplanHello Trader friends,
With massive increasing price, Litecoin became one of the interesting coins in this bull run.
This coin increased around 30% in between 24 hours and found itself a high around 274.6.
Then price started a correction and a left shoulder and a head formed.
I started to observe closely this price action and planned a strategy regarding this formation.
If price breaks below the trendline and retests, I will open a short position targeting around 50% Fibonacci level which is USD 242 .
My strategy
LTCUSD Short Position
Entry: 259
Target: 245-242
RSI divergence should be noted as well!
Stay safe and don't forget, you don't have just one opportunity. Relax and watch the price action!
Likes and comments are highly appreciated!