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Bitcoin scalping ideaBITSTAMP:BTCUSD Hello, guys welcome to Wallstreet whales, In today's analysis, we are going to talk about BTC /USD. fundamental analysis: The markets saw a strong sell-off due to a bad CPI (consumer price index) number and a de-fi protocol named Celcius held withdrawals for its user so this created panic in the markets, Watch out the PPI(producer price index) which has come to 8.6 IMO its bearish, FOMC meeting happened on the 16th of June, where feds decided to raise interest rates by 75 basis points. the market sentiment stays bearish for now, as feds were talking about keep raising the interest rates until us inflation falls down to 2%, this might take time. so jumping straight into the technical analysis: the bitcoin has not touched its 200day moving average for the last two years approximately, looking at the previous bitcoin cycles the best time to buy bitcoin was when it was around its 200day moving average, this is the main reason why I'm starting to scalp bitcoin from around this levels. another take is that bitcoin can touch its 0.768 Fibonacci retracement level which is at 17800usd also it's the previous cycle top where there should be enough demand. this strategy will make you ready for a bear market and keep you stress-free if you follow the exact same. I'm personally placing buy orders for bitcoin from its 200day MA to its monthly demand zone which is around 11000usd to 8000usd, so the buy orders should be in the pyramid style. eg; if the price drops to 18k you buy 500$ if it goes to 16k you buy 1000$ until the next monthly support. make sure you don't go all-in on monthly support too, My bitcoin buy orders at 19000-5000 17600- 10000$ 16600- 20000$ 14110- 40000$ 12000- 80000$ 11000- 16000$ 10000- 32000$ Keeping cash in handy just in case 3k None of this is financial advice it's only for the educational purpose
Long
by Wallstreetwhal3
2
bitcoin pullback trade setup after a long bearish move and bad sentiment btc price has formed a consolidation pattern and on 1h time frame we can see a inverted head and shoulder pattern initiating trade according to - as per neckline drawn on the chart after the breakout only we can enter long and keep stop loss below the shoulder line info line drawn from the head of the pattern indicates the up move possibility duration of the trade could be short term trade with proper risk management and position sizing
Long
by Jimmy_Rebello
Bitcoin trading in a triangle.Bitcoin trading in a descending triangle formation after fall. It has been consolidating in a range after failing to hold its 20 ema on weekly chart. Bitcoin has recently tested its weekly 200 ema has is consolidating just above it. There is a resistance and a support which has been tested many times and once broken can give nice targets. Support :- 27100, 28650, 28500 Resistance :- 30500, 31800 The coin is silent for half a month. Watch for the price action near the triangle breakout. #bitcoin #btcusd
BITSTAMP:BTCUSD
by TheMamboMomentum
BTCUSD Trading Plan - 14/May/2022Hello Traders, Hope you all are doing good!! I expect BTC to go up till around 37500 level before dropping again to 20k level. Short term Buy for now. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
BITSTAMP:BTCUSDLong
by For3xScalper
2