BTCUSDC trade ideas
BTC: 60k Key Point for the 80Kexceeding 60k is confirmation of last week's Hammer pattern and trendline, which would see its third rebound (the second rebound is Engulfing at the end of September)
a lot depends on the fears for Covid and new lockdowns, but I believe that the market will not react as negatively as in the past, the fear is already partly taken for granted, but a longer lateral period is possible
in my opinion last week's hammer is the benchmark, above 60k or below 53k, this week could be decisive
in the event of a break of 60k, the target would be the height of the new trend wave, ie at least 85k
BTC Wickoff Distribution analysi 2022It looks like we are ready to complete a Wyckoff distribution n the mid-term.
As mentioned in previous publications the bull run after the last halving should finish by March 2022. According to this, we should see some more distribution before a retracement nearby the end of Q4.
BTC must look for a new ATH and have the usual crash as the bull run will come to an end and start getting ready for its usual +2 years-long accumulation before the new halving in 2024.
Many say we will not have a new ATH any time soon. I am of the opinion that this is not over and that BTC will play similar to 2013-14.
Watching your positions you will enjoy some gold nuggets.
Please, share your comments.
Press like to appreciate the hard work.
Happy trading,
Raf
BTC: the bearish force endedThe bearish counter-trend is over, the last wave is definitely insufficient.
So it is feeling the bullish weekly main trend line.
Now we need to break the minor trendline of the countertrend, the key point is 61k, broken this is possible a pullback and then the continuation and break of the previous highs.
However, I don't think the Bull Run will be that fast this time around.
I am waiting to see BTC FALLS to $50KMaybe, I am a pessimist. I always see BTC is FALLING :D
I my last idea about BTC, when it is Rising from $62K, I see BTC backs to Fibonacci 0.5 at to $53,300? Even lower?
Now, when BTC touches Fibo level 1 ($57,775) and rising a little again in 2 days, I still think it will break this level and FALL to Fibo level 1.618 ($50,837).
Why?
- When BTC touches Fibo level 1, it also touch the MEAN Reversion band => Revert strength is hight. So it stops falling and rise a little as we can see 2 days ago.
- When BTC stops falling and moves back a little, revert bands are wider and MEAN revert strength is much lower now.
- This Fibo level 1 is not really strong, the recent ZigZag move is short and I still consider the move in my last idea as the main ZigZag move and the Fibo in that idea is much stronger. As you can see, $50K is Fibo 0.618 in that calculation. It is also Fibo 1.618 in this calculation. They are both very strong Fibo levels.
- The Volume Oscillator is still hight as you can see in the bottom => It still supports the main trend now is FALLING.
==> I believe BTC will FALLING to $50K in about 1 week.
Do NOT PANIC, Time To Buy BTC Buying BTC at this levels will be a smart idea .
50 EMA moving average is a big line of support for BTC.
The price must bounce from this Level and rally to $70k+
Once we break that from $61.8K level in weekly BTC could break $70k easily.
All we need is more volume .
time to open Long position , NOT more than 5X margin
CAUTION: DO Not Trade More Than 5 % of your money
I'll keep posting updates on this one.
Hit the like button if you want me to post more updates on this.
Stay tuned
NiMNIM
BTC BREAK OUT EXTRIMELY BULLISH
BTC broke out
retesting the $61.8k
support the lower support levels are $61.8k and $60.8k
Buying BTC on these levels will be a smart idea .
The price must bounce from any of these three Level's and rally to $70k+
Once we break that from $60.8K - $61.8k - $64.8k level in weekly BTC could break $70.8k easily.
All we need is more volume .
CAUTION:- It is also important to keep booking profits on your trades since the market is at extreme greed.
I'll keep posting updates on this one.
Do hit the like button if you want me to post more updates on this.
Stay tuned
NiMNIM
