BTC futures live analysis for 16 jan 2025BTC futures chart creating head and shoulder pattern & break down is expected.
But Overview will be changed if price breaks & sustain above resistance sharp Upmove will b expected
1-BTCUSD
Bitcoin Bybit chart analysis january 14Hello
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Here is the Bitcoin 30-minute chart.
The Nasdaq indicator will be announced at 10:30 shortly.
The purple finger at the bottom left, $91,217,
maintained the position after entering the long position yesterday,
and connected today's strategy.
Also, Bitcoin is currently
in the process of a 12-hour + daily chart MACD golden cross,
but
it is watching the Nasdaq while the candle is overlapping the 12-hour Bollinger Band and the center line of the daily chart.
*One-way long position strategy when the red finger moves
1. $95,811.5 long position entry section / When the purple support line is broken or
When the bottom section is touched, the stop loss price
2. $99,966.5 long position 1st target -> Good -> Great in that order
I marked the 1st section with the purple finger at the top. Because I calculated that there will be an adjustment in Nasdaq,
If Bit touches section 1 first,
The probability of success of today's strategy increases.
Cut the loss in section 1 and operate an autonomous short position.
If the strategy is successful, you can use it as a long position re-entry section after tomorrow.
The orange resistance line at the top and the bottom sky blue support line convergence section are sideways sections.
Also, the current position is in the Bollinger Band 12-hour chart, and the daily chart's center line
The candle is breaking through.
Since it is the second touch, not the first,
I expected an upward trend,
and the reason I set the target price at Top is
It is difficult for one candle to touch the center line -> resistance line at once on the daily chart.
Lastly,
in the case of the current Bitcoin and Tether Dominance,
since the 5-minute chart support line or resistance line was not touched,
I bet on a vertical rise as the Tether Dominance vertically declined
and the Bitcoin 12-hour + daily chart MACD golden cross was imprinted.
The Nasdaq movement will be important today as well.
Up to this point, I ask that you simply use my analysis for reference and use,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin 1D Commentary and Bull Run Technical Analysis - Bitcoin is currently trading at 99,779$
- Bitcoin kept behaving choppy and the Price Behaviour was very sluggish in January
- We saw BTC printing a candle 4000$, which helped BTC cross 100,000$ after a long time.
- Coming back to the current Price Action of BTC we are currently trading at a crucial zone and if we flip a weekly candle close above 102,686$ then the Market structure will change to Bullish
- However, if we do not close above 102,000$ then we can see BTC revisiting 85,000-90,000$
- Trump's inaugural is due next week and will bring in a lot of volatility.
- I am leaning more on the Bullish side, however, if we don't see supporting Macros then we might have a rough time chopping out and getting distributed the whole month.
BTC#2 : Summary of things to watch out for in the current uptren🔥 The previous plan helped you make a profit. Leave a comment and share the joy. 🔥
Today I will continue to bring everyone a perspective on BTC and the next trading plan.
1️⃣ **Fundamental analysis:**
📊 🔴US CPI rose slightly more than expected in December as energy costs rose, suggesting inflation is still rising
▫️ In addition, a recovery in Bitcoin was supported by the release of December PPI on Tuesday, which showed weaker-than-expected inflation data.
2️⃣ **Technical analysis:**
🔹 **D Frame**: Yesterday's candle close shows strong market confidence in BTC rising. However, the price has reacted when touching the trendline. This is the area we need to pay attention to
🔹 **H4 frame**: The bearish price structure was broken when the price crossed 968xx and went straight to the trendline, which caused the bullish momentum to slow down somewhat. It is likely that we will need a slight correction to gain momentum to break the resistance area above
🔹 **H1 frame**: Looking at the price structure, you can see more clearly. The bullish wave has not shown any signs of ending, but the important resistance area requires us to be more patient if we want to find profits.
3️⃣ **Trading plan:**
✅ If you want to have a BUY position at the moment, my advice is that we can patiently wait for the price to test the support area of 958xx as I marked on the chart. Don't be hasty, when the R:R ratio of the important resistance area is always low. The bullish price structure also needs confirmation by a higher bottom than the previous bottom. FOMO at this time is not a wise choice
⛔ The resistance zone will always make you want to stop the ship. However, wait for the bearish price structure in the small time frame M5. M15 to make sure your judgment is correct. If you have a good position, you should not expect high profits when the bearish price structure is temporarily broken, closing part of the profit when the price touches support and leaving SL positive will be a wise choice.
💪 **Wish you successful trading!** 🚀
Bitcoin Price Analysis: Key Zones to Watch on the 4-Hour ChartWhat is Happening in the Chart?
1. Resistance and Supply Zone (Order Block): Bitcoin is approaching a significant bearish order block (red zone) near the $100,000 mark. This area represents resistance where sellers may take control, pushing the price downward.
2. Potential Retracement: Before continuing its upward trend, Bitcoin may retrace to fill the fair value gap (FVG) and test the 0.5-0.618 Fibonacci retracement levels. These zones are historically strong areas for buyers to re-enter the market.
3. Support and Demand Zone: The bullish order block (green zone) near $92,000 aligns with the retracement zone. This is where Bitcoin might find strong support before resuming its upward trajectory.
Outlook for BTC/USDT
The chart predicts a potential pullback to $92,000-$95,000, followed by a bullish rally aiming to break through resistance at $100,000. If Bitcoin clears the bearish OB, the price could target new highs, potentially surpassing $105,000.
Key Levels to Watch:
Resistance: $100,000 (Bearish OB)
Support: $92,000-$95,000 (Bullish OB and Fibonacci zone)
---
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and trading involves significant risks. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Bitcoin's Range Game: Stuck Between 90K and 100KThere's a clear resistance level at $100,000 (red horizontal line)
Three recent rejections from the $100K level (marked with red circles)
We have a support zone around $90-92K (marked in green)
The market has been making higher lows since November, indicating an overall bullish trend.
Recent price action shows formation of liquidity pools above $100K
Multiple attempts to break $100K suggest accumulation at these levels
The quick rejections from $100K could indicate stop-loss hunting by larger players
Volume profile (shown at bottom) indicates decreased volume during recent moves
Short-term (1-2 weeks):
Likely consolidation between :92 K-100K range
$100K remains a significant psychological resistance
Watch for false breakouts above $100K which could trap retail buyers
Mid-term (1-3 months):
Bullish bias as long as $90K support holds
Potential for a decisive break above $100K after sufficient accumulation
Key to watch institutional flow and spot market demand
Long-term (6+ months):
Overall structure remains bullish with higher lows
$100K level likely to be broken after sufficient consolidation
Major support zone at $90-92K needs to hold for continued uptrend
Key levels to watch:
Major resistance: $100,000
Current support: $92,000
Critical support: $90,000
Bitcoin Bybit chart analysis january 13Hello
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This is the Nasdaq 30-minute chart.
There is no separate indicator announcement today.
According to the daily support + weekly central line rising pattern,
I bet on entering or switching a long position at the bottom of 20.4K.
There is a possibility of extreme sideways movement without touching the entry point,
so you must check whether it touches the weekly chart central line near 20.4K.
I just applied it to Bitcoin.
This is the Bitcoin 30-minute chart.
After the 94.5K Gap reversal in the morning,
4+6 MACD dead cross is in progress,
unlike Nasdaq, it is in a strong vertical decline.
In the current situation,
except for the weekly chart MACD dead cross,
there are no special danger signals,
and
Bollinger Band 6-hour chart resistance line->6-hour chart support line is being touched.
*When the blue finger moves,
it is a two-way neutral
short->long switching strategy.
1. 92764.5 dollars short position entry point / cut-off price when orange resistance line is broken
2. 91217 dollars long position switching / cut-off price when purple support line is broken
3. 93.4K long position 1st target -> Top 2nd target and then target price in order
While writing the analysis, the long position switching point
91.2K was touched in real time, so please refer to it.
To explain briefly, depending on the movement of Nasdaq,
it will probably be either the sky blue finger 91.2K long or the bottom 1 89.K long.
Today, it is in a downward trend as it touches the final 6-hour chart support line.
The bottom 1 section is the 12-hour, daily chart support line touch point.
From this section touch, the downside is open,
and a strong downward trend can continue,
so you should be careful in the long position position.
A similar situation is unfolding to the analysis article I left last week on the 9th.
In the case of touching 91.2K first without touching the sky blue finger 92.7K short entry point at the top,
rather than entering a long position right away,
you should use whether you touch the short position entry point at the top or the 5-minute trend reversal.
Today, the purple support line is also the last mid-term uptrend line.
Since it is also in an upward trend in Tether Dominance,
it needs a justification to fall.
In the current trend situation, you need to see if it is swept right away.
(In the case of Bit, which moves in the opposite direction, it skyrockets without adjustment)
The point is that the 1st section at the bottom is
*If a rebound is successful in the daily support + weekly center line pattern position on Nasdaq today,
it is possible that a rebound will occur at the 1st section at the bottom.
In the case of Bit, since it continues to fall vertically without touching the resistance line,
the 4-hour and 6-hour chart MACD dead cross is perfectly imprinted,
and the movement after 9 o'clock when additional candles are created is important.
Please refer to it in real time and operate well.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
**Scenario for BTC**1️⃣ **Fundamental analysis:**
📊 Nonfarm data last weekend was good for the USD and impacted the interest rate cut policy. It is likely that we will have to wait until June for the next interest rate cut.
📉 Current market sentiment is affected by this information, plus the recent sharp increase in BTC price has made many people doubt the momentum to continue to increase to a higher price range. Therefore, the increase has temporarily slowed down.
2️⃣ **Technical analysis:**
🔹 **Week frame:** Last week closed not very optimistically when the price reacted badly at the resistance zone of 101k~104k.
🔹 **Frame D:** The price structure is also not good when there are 2 peaks with the latter peak lower than the previous peak. The price is approaching the support zone but there is no clear reaction, it is likely to adjust to a lower support zone.
🔹 **H4 frame:** Based on the Zigzag line, we can see the classic head-and-shoulders pattern. At this time, we should not catch the bottom when the price has created a lower peak, showing that the market sentiment is no longer interested in the possibility of BTC's price increase.
3️⃣ **Trading plan:**
✅ If you have a **SELL** order in a good position, congratulations! 🎉 You can absolutely wait for a better profit when BTC is likely to break the current support zone to reach the next support zone of 85~86xxx.
⛔ **Absolutely do not BUY** at the present time, when the price structure shows a short-term downtrend.
💪 **Wish you successful trading!** 🚀
BTC buying opportunity with small SLBTC has recently given a great move towards the up side . Looking at this move, there is a high chance of buying from here. Here the stop loss is small but the target is very big, so it will be fun to plan this trade.
(Spicy) Bitcoin Bybit chart analysis january 8Hello
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This is the NASDAQ 30-minute chart.
This is the movement after the analysis article was written.
During the blue finger short->long switching strategy,
it did not rise to the short entry point,
but reached the green support line in the 2nd section in the 1st vertical decline section.
After that, as I explained,
watch the movement from the bottom to the 3rd section.
This is the daily chart of Tether Dominance.
If it is normal,
It is impossible to break through the Bollinger Band resistance line, center line, and support line at once with one candle
But since it is forcibly coupled to the Nasdaq movement,
Please watch the detailed movement.
If it is normal,
Since only one daily candle is created per day,
Until 9 AM tomorrow,
Since Tether Dominance is attempting to break through the center line with one daily chart candle,
There should be an adjustment at the current location or the next wave.
Because,
As explained above,
In the case of ignoring the Bollinger Band center line with one daily chart candle,
and reaching the resistance line at once,
It is a movement that occurs only once or twice a year.
This is the Bitcoin 30-minute chart.
During the analysis, the Nasdaq vertical decline is in progress,
and it is breaking the major drawing section in real time,
so we will proceed without changing the strategy.
Currently, the daily chart MACD dead cross is in progress for 12 hours,
and unlike Nasdaq, there is still some room until the weekly chart MACD dead cross.
Instead, Bitcoin created a daily chart today,
and touched the support line first, so the downside is open,
so it can fall strongly if it breaks away.
The Nasdaq indicator will be announced at 10:30 in a little while.
*When the blue finger moves,
it is a short position strategy
short->long->short switching strategy.
1. $96,446 short position entry section / stop loss price when red resistance line is broken
2. $94,410.5 long position switching / stop loss price when green support line is broken or section 2 is touched
3. $96,935 short position switching / stop loss price when light blue resistance line is broken
After that, while maintaining short position,
the final long switching strategy was to check MACD main signals and support lines.
As you can see, it is being adjusted without the most basic short position entry point due to forced coupling with Nasdaq.
In order for a vertical decline to occur,
at least section 1 at the top -> 15-minute resistance that has not been touched even once today + 30-minute central line
should be touched, but it is just falling.
The reason why section 1 and section 2 at the bottom are marked
is because of the connection.
If there is a miraculous rebound from the current position,
The blue finger movement path is valid.
Since it is falling without touching the first section from the current position,
the second section may be dangerous,
and the bottom is where the Bollinger Band 12-hour chart support line + daily support line meet,
and the point indicated up to 91.4K is the mid-term upward trend line.
If you can somehow hold this point,
you can take a breather from the long position.
If the MACD dead cross pressure on the weekly chart progresses,
it may continue to shake up and down or repeat adjustments for several weeks rather than rebounding.
Please use my analysis so far for reference and use only,
and I hope you operate safely with principle trading and stop loss prices.
Thank you.
BTC - At Support once againAfter touching earlier predicted first target of 102 price has fallen more than expected and holding at previous proven support levels. In my view BTC is once again at support and some fresh buying or accumulation is visible. For whatever reason price could dance for big players to buy more at support levels. Its popular idea to buy back whatever was partially booked at 102 levels. we cannot avoid this and we might see partial selling above 102K again and buying below 97K. Higher the price move up most will keep booking profits and more the price move low more buying is the trend now. Jan is the month we are waiting for banana spike to take price to 125 or above. Hope it happens once new president takes charge in office. As days near to this even I expect more bullish move in BTC. I do not see WW3 in Jan 2025.
$BTC Forms Triple Bottom Pattern - Key Levels to Watch!#Bitcoin has formed a triple bottom pattern. To validate this pattern, BTC needs to hold the $91,500 level. A potential scenario is a bounce from the oversold RSI area, which could lead to a retest of $101,750 or even a breakout toward the $115,000 region. However, if BTC loses the $91,500 level, the next major support is at $90,000. A breakdown below that could see BTC dipping to $85,000, $80,000, or even $75,000. Let's see how the price action unfolds!
long - 93000$
short - 90000$
Bitcoin Bybit chart analysis january 6Hello
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Here is the Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement at 11:45.
Nasdaq is in an upward trend
Tether Dominance touched the daily chart Bollinger Band support line (major rebound section) and created today's strategy.
*One-way long position strategy when the red finger moves
1. $98,749.5 long position entry section / Stop loss when the purple support line is broken or section 2 is touched
2. $101,042.5 long position 1st target -> Good 2nd -> Great 3rd target
Section 1 at the top
is the best short position entry section for today.
It would be good to check the real-time movement in the current section 1 touch situation.
In Nasdaq, the 12-hour + daily chart MACD golden cross
is the order to proceed, so if there is no plunge today,
it will be advantageous, right?
In the case of Bitcoin, the 2nd section at the bottom is the 1+4 section,
but since it is the 2nd touch, it is advantageous for long positions if it is supported within the purple support line.
There is a possibility of additional adjustments from the green support line deviation,
and I marked the bottom at the bottom, 97,438 dollars,
and if it is maintained without deviation from the sky blue support line,
the short-term upward trend can continue.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
BTCUSD TRADING POINT UPDATE READ >THE CAPTAINBuddy'S dear friend 👋
BTC USD Trading Signals 🗺️🗾 Update crypto trader BTC list week already take a break support level 91k back up trand list week post signals 🚀 analysis Done ✅ for target 🎯 point ☝️ now post again for New analysis technical patterns looks again buying zone right now 108k target 🎯💯
Analysis target we'll see 108k
Resistance level 108k
Support ✨ 99k
Mr SMC Trading point
Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎮
Bitcoin Bybit chart analysis December 31
Hello
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This is the Nasdaq 30-minute chart.
There is no indicator announcement today,
and unlike yesterday, the 30-minute chart is touching the resistance line.
The purple finger section 1 at the top
is the best short entry point for today.
I proceeded with a strategy of moving up to the 4 + 6 + 12 center line without adjustment.
If I'm lucky, the 4 + 6 + 12 MACD golden cross might be there.
Since yesterday was a sudden plunge without a short entry point, I proceeded aggressively from the opposite perspective,
and I'll apply it to Bitcoin as it is.
This is the Bitcoin 30-minute chart.
Looking at the current movement,
As expected, it doesn't seem to have fallen that much yesterday.
First of all, I judged that there will be no crash in Nasdaq today.
At the very least, it would be good if it moves sideways.
Also, it has touched the 4-hour and 6-hour central lines of the Bollinger Band, which can be a resistance line,
and during a short-term upward trend, the 4+6+12 MACD golden cross is in order.
On the other hand, Tether Dominance requires a vertical decline,
but instead, since the 30-minute candle is a long bullish candle,
I played a short and thick game.
I cut my loss sharply,
* When the red finger moves,
One-way long position + chase buying strategy.
1. 93,563 dollars long position entry point / stop loss price when green support line is broken
2. 96,241.5 dollars long position 1st target -> Good -> Great -> Miracle
Target price in that order.
As you can see, I chased and bought during the long negative candlestick,
and I made a bet here, not blindly, but in comparison with Tether dominance.
If it breaks the green support line today, it will be dangerous.
I think it would be good to think of the bottom as a safe rising section.
That's it....
Please use my analysis for reference and use only
and don't forget the essentials of principle trading and stop loss price...
You've worked so hard this year,
and I hope you all stay healthy and rich next year.
Happy New Year to everyone.
Thank you.
BTC wide range
BTC is currently in a high-level wide range oscillation stage. After the price rose and fell in the previous period, it continued to weaken in the downward channel until it rebounded and rebounded at the 92000 line. The resistance of the 100000 line above continued to suppress, and the price formed a horizontal wide range after experiencing multiple ups and downs. At present, the price has rebounded at the 92000 line and gradually raised the low point, testing the resistance level of the 100000 line again. If this resistance is broken, BTC may re-enter the upward trend. The 96000 line below is a short-term support. Once it falls below this position, the price may return to the bottom of the range, and the short-term market will be bearish.
At the short-term level, BTC has entered the stagflation adjustment stage after multiple rises, forming a technical pattern of double top weakening. In the short term, the 97000 line is a key support. If it falls below this position, the rebound trend may end and the price will continue to be horizontal.
Suggestions for short position operation:
Aggressive operation: When the BTC price is close to 98,000, short positions can be arranged. The target downward support levels are 96,200, 95,400, and 94,000, and the stop loss is set at 100,000.
Steady operation: It is recommended to wait for BTC to form an M head and break the support, and enter the market after confirming that the short-term trend turns to short. You can pay attention to the short position opportunities in the 97,200-96,800 area.
Overall, the current short-term trend of BTC is still in a volatile consolidation pattern, and breaking through key resistance or support will determine the short-term direction.
BTC Update as on Jan 02, 2025BTC Swing Trade View :
As per the current price action Support Area around 91800-95000. This is where the price has found some stability after the recent pullback. It's a level where buyers have stepped in to prevent further price drops.
from the current market sentiments and from the time cycle perspective I am considering the following moves :
High Probability: This is what I am expecting ,Given the current trend, price is going to re test the recent ATH and can create new ATH if price able to form base at the marked support area after confirmation.
Mid Probability: This is a less certain move but still within a reasonable expectation for price movement in case price failed to hold the support area.
Low Probability: This move indicates areas where the price is less likely to go based on current trends, which seems to be below the support area.
Areas with darker shades on volume profile (purple) is where a lot of trading activity happened and price need to claim High of this area to validated my High probability move .I am waiting for confirmation of Low on BTC also as I am waiting on GOLD , I am going to update my trade as soon as I will get the confirmation.
Bitcoin Bybit chart analysis December 30Hello
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Bitcoin 30-minute chart.
It was tough after two days off.
Nasdaq has no indicators released today
While uploading real-time analysis, Nasdaq is showing a downward trend
and a vertical decline is in progress.
I will proceed without modifying the strategy
Currently, the Bollinger Band 1-hour chart resistance line touches
It is a short position operation section.
Today, I focused on long positions overall.
* When the blue finger moves
It is a two-way neutral
Short->Long switching strategy.
1. $94468 short position entry section / stop loss price when orange resistance line is broken
2. $93691.5 long position switching / stop loss price when green support line is broken
3. $95587 long position 1st target -> Top 2nd target
(If strategy is successful, Tether Dominance MACD 4 + 6 hour dead cross is performed)
If it is directly coupled with Nasdaq at the current position,
it is the final long position waiting strategy in section 1.
The reason for designating the stop loss price when the green support line is broken is
because it is a section where the upward trend can continue safely based on the black support line,
and since the breakout, the downward trend is connected,
from the bottom, it is open to the final section 2 on the drawing.
If you keep it until the 2nd section
Based on the lower tail left on December 6th,
Because it doesn't break away, the upward trend is barely maintained,
But it's dangerous anyway.
The pattern is more advantageous than NASDAQ,
But since it's in a vertical decline without an entry point,
Please pay attention to real-time movements in preparation for coupling.
Up to this point, I ask that you simply use my analysis for reference and use,
And I hope that you operate safely with principle trading and stop loss prices.
Thank you.
BTC - At Strong SupportBTC in news world wide and being moved up and down with each one's opinion and risk taking or profit booking needs. Yearend or month end along with holiday season impacted BTC. while I agree BTC is yet to give the parabolic or banana spike which was seen every 4 years and now is the time for that. Charts are discussed worldwide on one side and its constantly accumulated by people who know why BTC is better than Gold now and in coming days. In my chart two red lines are talked as bullish flag and break of that was called bearish by few and weak hands sold it causing slowness in absorption by people in need of BTC. At the same time BTC is seeing volume at support lines marked in green. Even in 5 or 15 minutes we can clearly see increased volume at which BTC is testing its support for 5th time. Earlier mentioned megaphone or loudspeaker patter didnt give 5 wave up move due to few selling at the bottom of bull flag area. The black line is the point of control of the complete price move seen last 2+ months. In my view levels below the POC - the black line is some kind of buying levels and above the black line is only selling area or profit booking. In my view below POC is accumulation going on by big players. with new Govt in US in Jan and as per 4 year cycle seeing parabolic spike is expected any time in Jan 2025. This is the time to hold tight and buy as much at every green levels support levels mentioned. we cant stop buying or selling of ETFs impacting money flow and supply & demand of BTC. actually smaller volume in the support could be either less supply or demand as well. Any big hand with new ETFs as talked with vivek or any other company going to give bigger parabolic up move. HongKong Fed or Govt and many such countries accumulating BTC making is better than GOLD to be bought, accumulated for 200K or higher in 2025. Happy New Year to all my dear friends. BTC will make everyone richer in fiat currency.
BTC trend is down
After falling from a high level, BTC has been fluctuating downward around this downward channel. So far, the structure has been broken in the US market.
The price on the hourly line adjusted to the upper edge of the downward channel at 94,000 and fell under pressure. It broke through the previous low of 92,545 and opened up the space below. The current price fell to 91,500, and there is no sign of stopping the decline in the short term.
BTC is in an accelerated decline stage overall. It is also consistent with the previous analysis and has now reached the target position. With the short-term volume weakening, the subsequent rebound will focus on the upper 93,000 line. If this position is not broken, the BTC trend may usher in a sharp drop. In terms of operation, you can go short with the trend.
Bitcoin Bybit chart analysis December 24Hello
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This is the Nasdaq 30-minute chart.
There will be an indicator announcement at midnight tonight.
Since Nasdaq is in an upward trend,
If there is no immediate adjustment from the current position,
I will bet on a vertical rise at midnight.
This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.
*When the red finger moves,
One-way long position strategy
1. $93,786.5 long position entry section / stop loss price when the green support line is broken
2. $96,549.5 long position 1st target -> Top, Good, Great in that order
I left the movement path in the middle with a pink finger,
so I think it would be good to use it.
The first section at the top is the short position operation section.
If there is a decline today, it can be the best short entry section.
When touching the first section,
depending on the wave,
it can be pushed up to the second section,
and the reason why the stop loss price was set to break away from the green support line is
because it is possible that it will shake up to this section, and if it breaks away from the green support line,
it is also the place where the mid-term trend line is broken.
So, I think it would be good to use split buying, etc. as the final long position entry point until the 2nd section.
Between the 1st section and the Gap section at the top,
the Bollinger Band 4-hour chart and the 6-hour chart center line overlap,
but since the 4-hour chart center line is the second touch,
it can rise strongly when it breaks through, and the 6-hour center line is not very important in the time zone, so I ignored it.
As long as this point is not broken, the upward trend seems to be fine.
Please refer to the Bottom, 89,186 dollars at the bottom when it breaks out.
Please use my analysis up to this point only for reference and use,
and I hope you operate safely with principle trading and stop loss prices.
Have a Merry Christmas to everyone,
and I will see you on the 26th.
Thank you.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
