Bitcoin/TetherShort
⚠️Don't get FOMO on Bitcoin⚠️
Updated
Hi everyone👋(Reading time less than 3 minutes⏰).
Why Shouldn't we Get FOMO on Bitcoin❗️❓
Please be with me in this post to answer this question.↘️
To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume, RSI, and Bollinger Bands indicators. I also specified 🔵CME Gaps🔵 on the chart that can be a road map for Bitcoin because they are completely filled up to this time.
⚠️Reasons not to get FOMO:⚠️
🔔So, I expect Bitcoin to at least fall to the middle pitchfork line & support line and fill the first lower 🔵CME Gap($ 28,265- $ 28,110)🔵.
Bitcoin Analyze (BTCUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Why Shouldn't we Get FOMO on Bitcoin❗️❓
Please be with me in this post to answer this question.↘️
To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume, RSI, and Bollinger Bands indicators. I also specified 🔵CME Gaps🔵 on the chart that can be a road map for Bitcoin because they are completely filled up to this time.
⚠️Reasons not to get FOMO:⚠️
- Bitcoin is moving in a 🔴heavy resistance zone ($ 32,400-$ 28,120)🔴, and most resistances or supports are not broken with the one-time test.
- Bitcoin is moving in the 🟡Price Reversal Zone(PRZ)🟡.
- Bitcoin is moving in the 🟡Time Reversal Zone(TRZ)🟡.
- The Regular Divergence(RD-) between Volume & RSI indicators, and the price.
- ❗️Sell❗️ signal Bollinger Bands indicator: Sell signals form when the price goes up and a green candle breaks and closes above the upper band, and then it is followed by a red candle closing below the band.
🔔So, I expect Bitcoin to at least fall to the middle pitchfork line & support line and fill the first lower 🔵CME Gap($ 28,265- $ 28,110)🔵.
Bitcoin Analyze (
BTCUSDT ), Daily time frame ⏰.Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
Bitcoin runs Descending Channel within an Ascending Channel!!!▶️
Note
Bitcoin is completing a pullback and Falling again😉(Short term)
Note
Is the Head and Shoulders pattern Trigger for Bitcoin to Fall❗️❓
Trade closed: target reached
CME Gap was filled.✅TRZ worked well.✅
Note
Bitcoin is moving directly toward $ 26,680-$ 25,920Note
Bitcoin was Sandwiched & Black Crows took the Sandwich🥪😂
Note
Bitcoin Daily Time frame.
What's your idea?
Note
Will BTC break the middle line of Pitchfork or not? What is your idea?Note
Bitcoin Analyze (Road Map, 05/06/2023)!!!🗺️(4-hour time frame)
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.