Bitcoin is a global trend break! Can't avoid falling?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Small updateBTC friends:
Technically, on the daily chart, the price broke through the global trend line, previously it acted as a support zone, now there is no support, as we can see, and now this trend line is already acting as a resistance level, which can lead to the next scenario very soon...
Suppose the first option, as I wrote earlier, will drop to the 29,000-28,800 zone and from there get an upward impulse to the $29,300-29,500 consolidation zone with a possible update of the local High $30,250
Or the second option: the price will fall below the local LOW of $28,550 and test the support level in the $28,050 zone, moving lower to remove stop orders.
I continue to hold the $29,550 short entry and am bearish for now, although there are a lot of rumors about an impending BullRun...
Bitcoin / USD Coin PERPETUAL CONTRACT
118,440.0USDCR
+94.0+0.08%
As of today at 00:17 GMT
USDC
No trades
BTCUSDC.P trade ideas
Bitcoin - the wedge is broken, what's next? Growth above 30k$?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Bitcoin showed good volatility yesterday and was able to break through the “falling wedge” with an upward movement, and the price rose above $30,000.
Also pay attention to the trend line, the price evenly tests the support in the form of a trend line and bounces to $30,000. It even looks a little strange that MM gives such ideal entry zones.
While still sticking to the downside scenario, I think all these runs above $30,000 will lead us back into the abyss and disappointment. I advise you not to catch fomo and be careful with long positions, if you missed this growth, expect at least a correction.
BTCUSDC 15 min chart AnalysisNotice how BTC is ranging nicely. I will be looking to Short BTCUSDC when price reaches 62% of the Fibonacci Retracement which is by $19255. There is a Fair Value Gap around $18900 Price level which is below current price which is a target for the short position.
This is not Financial Advice.
Re - Distribution phase is coming for BitcoinGreetings everyone,
Hope you are doing well.
Our last 2 TAs are valid and are playing excellently.
I am adding this chart together with the previous two,
and with this way, I explain how perfectly act the Bitcoin
price action.
Re-Distribution is the phase I am expecting.
Is a phase where we will finally confirm or Not if this upside
momentum from the start of 2023, is real and we saw the bottom at
$15,500 or it was just a fake movement and we will continue the
bear market.
Personally, I expect strong support and a buying volume between $23.000 - $25,200.
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead!
50000$ in the moment.Hi.
Many people were surprised by the growth in the pair BTC/USDT, everything was going so beautifully at least to 19-18 thousand down.
Where did this rally come from?
From the panic caused by the situation with USDC, which in turn stems from the situation with Silicon Valley Bank.
Voila!
People wanted to get out of the USDC by any means, at any cost, with losses.
In a moment the price reached $50,000!!!
And that's a huge wick and that's it.
That is, people were exiting bitcoin at a discount of 100%.
Do you think this could mean real momentum?
I'm sure the manipulators are still playing out the situation now, for those who don't get it...
BEARISH PENNANT FORMATION BTC/USD SHORTDear followers and viewers,
*We have a bearish pennate formation along with a death cross on the REX indicator. There were also no signs of bullish divergence on RSI meaning BTC should trade lower, especially if the pennate does not break currently.
*There will be a continuation of the trend, tread lightly if you are bullish better off thinking of a bearish scenario.
*My target for this short is near 20.5k
~MC
$BTC #Bitcoin Potential Running FlatIt looks like that mightve been the worst of it. We might have a running flat / Bullish cypher here, and a smaller bullish shark (expanded flat) for the BCD leg of the cypher.
Holding high and tight above the 382. Really want to see a successful checkback above the inflection zone to gain confidence in another test of the range highs.
If the correction is over and a continuation does happen here, we will probably see 26300-27300 pretty fast for the 1.618 and 2.0 extension.
If THAT happens, thatll likely validate the larger picture here, and thats the broadening formation i posted about. The measured move on that could take us to the .618 of the bear market around 38k (eventually)
$BTC Bitcoin "White Swan" / DragonI posted a similar chart with this pattern back in July 2021 before Bitcoin ran up to hit the 1.13 eventually before a major correction.
Ive been posting a smaller version of the dragon but since ive seen how the rest of the market is playing out, ive updated some targets.
Of course 28k will be a major zone of resistance, but a common retracement to the .618 would take us up just under 40k.
If it plays out the same way it did that July, i think the .786 would be on the table around 50k, with the 1.13 around 80K (not a prediction)
I think the 786 is reasonable but ill still be playing these levels by level. I say that because BTC usually follows DOW retracements and new highs.
Should the Dow jones exceed the 786, or even make new highs, id say thats a pretty strong confirmation that BTC will do the same.
Not a prediction by any means, just outline this pattern, as it could end up being relevant.
Bull run price projection end, based on Adam and Eve formation This is just a quick calculation I did on the Adam and Even formation that has driven the latest bull run, the Adam and Eve pattern has high success rates especially if it is wide and deep. For pattern dependent traders the important thing to note is that the measured move for the Adam and Even pattern has been completed, and a pullback should be in by now. Notice how the yellow line "measured move end" aligns perfectly with a major R level, patterns are just a great way to trade when done properly.
Don't forget your risk management!
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Also, share your views in the comment section.
Thank You!
Divergence Building Up 1HRThe hour is not over yet, but this is an early warning sign, keep an eye on divergence on 1hr/4hr timeframes. Divergences tend to lead to reversal more often if they are on higher TFs and near support or resistance zones. If the divergence works out, look out.
Don't forget your risk management!
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
