Bitcoin $71000 Key Highlights : 🔰
🔷 Script Name : Bitcoin 🔥🔥
🔷 Script Symbol : CRYPTO:BTCUSD 🚀
Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk.
Happy Learning. Cheers!!
Shyorawat Arun Singh ❤️
(@Shyorawat_ArunSingh)
Founder : Shyorawat Capital
Bitcoinmarkets
Bitcoin Key Highlights : 🔰
🔷 Script Name : Bitcoin 🔥🔥
🔷 Script Symbol : CRYPTO:BTCUSD
Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk.
Happy Learning. Cheers!!
Shyorawat Arun Singh ❤️
(@Shyorawat_ArunSingh)
Founder : Shyorawat Capital
BITCOIN SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD UP MOVE WITH 1:8 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
BITCOIN IS NOW READY TO MAKE A NEW HIGHER HIGH AFTER BREAKOUTBTCUSD SHOWING A GOOD
UP MOVE WITH 1:6 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
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARDBTCUSD SHOWING A GOOD
UP 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
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
BTCUSD/BITCOIN DAY BUY PROJECTION 16.10.24Reason for Bitcoin Bullish
As a result, BTCUSD is the most popular crypto-to-fiat pair, and it serves as the de facto gold standard for the cryptocurrency market; providing the price direction cue for virtually the entire crypto market. In the BTCUSD pair, Bitcoin is the base currency, while the US dollar is the quote currency.
BitCoin: A new Move about to start.BitCoin has been consolidated for the last 6-8 months in a channel shown in the graph.
As per prediction it is about to break that range and will move towards new and higher highs.
As per the chart and pattern structure in this current move it can go up to 100K easily and more above levels will be unlocked after that
SL must be 56k.
Targets 100k - 120k
Time range 8-10 months
it does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Bitcoin Swing Long Update & Levels- Bitcoin is currently trading at 61,739$
- Bitcoin has filled my Fair Value Gap, I want to see the reaction and its behavior after this
- We can see a Market Structure shift below 57,500 if we witness a weekly candle below that and the structure is going to turn bearish
- Watch out for Spot Accumulation around 58,000-60,000$
- Bitcoin can move impulsively from here as well if the War news gets digested and we see markets bouncing back by next week
- The first 2 weeks have always been bearish for the overall crypto market so we need to factor in the same.
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD TRENDY WEEKBTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 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
"Update on the upcoming before the Fed - interest rate cutsMany people have asked me about my view on how the Fed's interest rate cuts will impact the market.
I have a few thoughts on this, but please note that these are just my personal opinions and should not be considered as trading recommendations!
In the chart, I’m displaying two lines:
- Red: Federal Funds Rate
- Blue: Unemployment Rate
If you look back at history, each time the Fed cuts rates, it typically coincides with economic troubles, although the signs may not be immediately apparent in the early stages.
Initially, Powell’s objective was to combat inflation and achieve a soft landing, but in his most recent speeches, the focus has shifted to stabilizing the economy. This indicates a change in the Fed's assessment of the economic situation, which concerns me as it suggests that we could be heading towards a recession.
History supports this perspective, as the unemployment rate is one of the clearest indicators of recession. Other accompanying metrics, such as GDP, also matter, but during this period, the CPI holds less value for assessing the economic landscape.
In my opinion, it’s just a matter of when the recession will occur. We’ll need to wait for a few key indicators over the next two to three months.
This article is meant for everyone to evaluate the current economic situation. The next article will update on asset classes like Gold, BTC, and stocks, and how they might perform during a recession."
Let me know if you need further assistance!
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:5 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
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDA decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 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
A decending triangle patterns showing on BITCOIN A decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
BITCOIN SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD BITCOIN SHOWING A GOOD UPWARD MOVE WITH 1:10 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
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:10RISK REWARDBTCUSD SHOWING A GOOD D
UP MOVE WITH 1:20RISK 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
A decending triangle patterns showing on BITCOIN with 1:10 RRA decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
Bitcoin (BTC/USD) Price Action Analysis
Introduction
Hold on to your digital wallets, fellow traders! We're diving into the latest price action of Bitcoin (BTC/USD), where the recent breakout has left us all on the edge of our seats. Let's dissect this chart and see what the crypto king is up to. 🚀💰
Price Action Overview
Chart Analysis
Current Price: $55,992.52
24-Hour High: $57,027.91
24-Hour Low: $55,909.09
Volume: 111.36 BTC (yup, that's a lot of virtual coins moving around!)
Key Technical Indicators
Rising Wedge Pattern: A bearish pattern indicating a potential reversal.
Breakout Confirmation: Price has broken below the lower trendline of the rising wedge.
Volume Analysis: Noticeable increase in volume during the breakout, hinting at strong market
participation.
Detailed Analysis
Rising Wedge Pattern
Pattern Description: A rising wedge typically forms during a downtrend and is considered a bearish continuation pattern.
Implications: The breakout below the lower trendline suggests that bears are taking control. The support might be a bit weak here, like a soggy cardboard box trying to hold up your crypto dreams.
Breakout Confirmation
Breakout Level: Around $55,992.52
Implications: The bearish breakout indicates that the price might continue to decline. Time to buckle up, this ride could get bumpy!
Volume Analysis
Volume Trend: Volume has spiked during the breakout, adding credibility to the move.
Significance: High volume during a breakout is often a strong indicator of the move's validity. In simpler terms, the crowd is chanting, and it doesn't look good for the bulls.
Support and Resistance Levels
Immediate Support: $54,600.00 - Keep an eye on this level; it might just be Bitcoin's life raft.
Immediate Resistance: $57,864.53 - The bulls need to conquer this to regain any lost ground.
Conclusion
Bitcoin has shown a bearish breakout from a rising wedge pattern with substantial volume, indicating potential for further downside. Traders should monitor the immediate support level at $54,600.00 and resistance at $57,864.53 for potential bounce or continuation points. Stay vigilant, and may your trades be as fruitful as a bull market in full swing!
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
BITCOIN SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 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
Bitcoin Needs More Bull Power to Cross $69,800I am sorry I could not publish charts for 2 days, however in my last update I had shared the zones to come. If you have read my last chart idea, you would knew what was going to happen.
When I published my last chart we were at mark X, and I told you that there are chances BTC would move up and try to break the upper resistance and on failure it will retest the support at 1, that is exactly what happened.
A tip : Always keep in mind, when you are trading, you are against the market of pros - The Market Makers. They are not normal traders, they have deep knowledge of the mindset of a normal trader. So when market gains too much green, in market language it is called Trader greed, and when market is too much red, its Trader fear.
So when there is too much green they will drop the asset price and will earn from it, and when the traders are in red (shorting an asset), they will pump the price to liquidate people. You would have seen multiple times. Since I started writing charts, I am always awaring you of zones where this can happen.
Let's talk about the current situation.
At this moment MA20 is holding the price, however this is not the strongest of all MAs. There is a chance that we fall from this zone, and btc try to retest the lastest zone (the light orange zone with red border). The last time this zone was tested it failed, meaning this is not a solid support and hence the responsibility to hold btc price fall goes to MA50. There are very light chances this particular zone has become a good zone, but data does not show enough power here.
As we know, the area of $69,800 is an old ATH of btc, and hence it has a high resistance. It will take atleast 5 attempts in normal cases or multiple hits with a good volume to cross it. Or if super charged bulls enter the market, this can be crossed within a day.
I have told you before multiple times, it is easy to go red and very very difficult to go green.
You can understand it like gravity, its easy to drop a thing than to make it fly.
The MACD as of now shows that Bulls have reduced power and Bears are slowly gaining the control. There are huge chances we might retest the support level 1 with MA 100 hovering over it.
When even market is green, MMs will dump it and when market is red and every one starts to short, MMs will do a sudden pump. Stay ALert!
BITCOIN BUYING SETUP TRADE WIH 1:5 RISK REWARDBITCOIN BUYING SETUP TRADE WIH 1:5 RISK REWARD
A good buying setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's a very good setup due to the 15 m timefram setup
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
4. its breaked the stock zone
With a small amount
Stay connected
Stay happy