#BTC 🟢 M15. Buy. (#BITCOIN)Range H4, within which the price has been moving stubbornly for more than three weeks.
After the enchanting liquidation of all longists by one hourly candle (who expected continued growth above 31K), an imbalance formed at the lower boundary of the H4 range, which I decided to take into work.
But he predicted the development of events for Monday, when all markets will be active and volumes will come in.
The long-awaited entry point, I did not expect that there would be an activation on the weekend, but it happened :)
M15 unbalance test, and instantly backlash like a spring to the first target.
The entry point is excellent, the price movement potentials are good.
I will close the targets within the H4 range and a little higher, at the unclosed potential of the previous H4 range (31744)
Another target as an experiment (additional order) is 34400.
Since something tells me that this will be the last long in our current H4 range, after which the price will break through it and fly to test the resistance of D1.
The price has gone under the First Buyer of stock options very much. (and this is currently 31500)
The buy price is below the market opening price. (✔️)
The purchase price is at the lower boundary of the H4 range. (✔️)
The purchase price is below the volume bearish candle. (✔️)
M15 Unbalance at the lower limit of the range H4. (✔️)
entry point: 30160 (on imbalance test)
stop: 29971
tp1: 30345
tp2: 30724
tp3: 31121
tp4: 31744
tp5: 34400
Bitcoinlong
BTCUSD Bitcoin possible Elliott wave countsHello Friends,
Here we had shared possible Elliott wave counts on 4 hourly chart of crypto currency BTCUSD Bitcoin, in which we can see that we are in impulse phase of waves in some degree and we had completed wave 1 & 2, and now possibly we are in wave 3, in which wave (i) of 3 has completed and now possibly we are at the verge of completion of wave (ii), we can assume up directions ahead as a wave (iii) of 3, post completion of wave (ii), Overall looks bullish ahead with invalidation level of 24756.
I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
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If you treat like a hobby, hobbies don't pay, they cost you...!
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITCOIN BULLISH STRUCTURE 1 HOUR This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 + in every trade I take.
Bitcoin analyzing Elliot wave counts, Buy on Dips or on BreakoutHello Friends,
Here we had shared possible Elliott wave counts on 4 hourly chart of BTCUSD BITCOIN, which clearly indicates that we are in some kind of impulse wave, where we can get fresh opportunity to go long very soon, but, how and where, at which level, every thing is explained in this video post, so please go through out this video.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
snap shot of possible Elliott wave counts
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITCOIN USDTgoing long on support. Time frame is 15 min. Took an entry on retest with just 40 points Sl for the target of 600 points. Will keep trailing Sl using 1 min frame in case if the trend has reversal. Just a basics knowledge of Support/Resistance or Supply/Demand with any indicator that to me mastered thats all we need.
Bitcoin Has Taken Its Bottom ?Bitcoin Has Taken Its Bottom.,
You Can See In The Chart That In 2017 Bitcoin Formed Support By Falling 70.71% And In 2022 By Falling 60.00%. And After That In 2017, Bitcoin Fell By 45.88% And Made The Bottom Of Its 3rd Cycle. And Even In 2022, Bitcoin Fell By 46.05% And Made A Chart Like 2017 , It Seems That Bitcoin Has Made The Bottom Of The 4th Cycle.
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If bitcoin doesn't follow this , these are some supports level Bitcoin close the weekly candle above the $25,000 key level. We will see a last wave toward the $29,000-$32,000 resistance level. You can start booking profit or increase your stop loss as we might see a test of the $25,000 level in the coming weeks.
if btc doesnt close above $28700 then the reversal patterns for price action start to perform and bounce back previous week price.
do your own research
this is for educational purpose and mention your comments and opinion below
thanks!
BITCOIN 21-March-2023 ANALYSIS AND PREDICTIONSToday as we can see IN bitcoin price there is an resistance range between 28269- 28861 and a strong support zone is in between 26986-26807
SCENARIO 1
If we see a strong breakout above 28800 then only we should buy
SCENARIO 2
For today if we see a breakdown below 27600 we should take take profit at support level because from there we can see a bounce back.
CONCLUDING ANALYSIS
Today I can see a range bound movement between 27600 - 28800. Strong breakout above 28800 can take the price upto 29000 and further more
Wait for a clear and decisive move above or below of the given levels.
✅ BITCOIN SUPPORT AND RESISTANCE LEVELS
SUPPORT 1 - 27600
SUPPORT 2 - 26800
SUPPORT 3 - 26000
STRONG SUPPORT ZONE - 26986-26807
RESISTANCE 1 - 28861
RESISTANCE 2 - 29394
RESISTANCE 2 - 30731
STRONG RESISTANCE ZONE - 39875-40000
Bitcoin BTC on the way to $1 millionThis chart shows the historical price of BTC relative to the 'Bitcoin halving' which happens every 4 years. The halving event creates a supply shock as the issuance of Bitcoin to minders is cut in half. The next halving is scheduled around April, 2024 where BTC issuance will be cut from 6.25 BTC every 10 minutes to 3.125 BTC. Reference the law of supply and demand. When will Bitcoin hit $1 million?
Will Bitcoin reach $28K level in March?BTC has already gained more than 11% in the month of March. The question is will the rally continue and if we will see the price reaching $28K.
With the coming of CPI data, we saw BTC price reaching high of $26386 (at the time of writing).
Currently, the price is above 21-EMA and 50-EMA on a daily as well as 2- hourly timeframe.
The next target price is $28300 with stop loss at 21-EMA.
Please do not take overleverage trade in the current scenario.
Note: Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
Ethereum bullish trade Ethereum stands at a make or break level of resistance on daily time frame . It will either give a massive breakout and break the resistance or it will make a double top and start to collapse . This crucial level is to be tracked as we can get good targets on either side .
Hope this analysis will help you :)
Possible or Double Bottom Pattern (BTC)Note : For Educational Purpose only.
BINANCE:BTCPERP is perfectly following the bottom trendline support as shown ... also as it appears it can form a possibe W or Double bottom pattern. Which is a bullish signal.
- All the levels are mentioned in the chart.
Note : For Education purpose only.