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
Bitcoinmarkets
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
Looks like BTC is clear to MOVE UPThe chart is showing a lot of positive strength today.
-On a 4 hours chart we can see the price has retested the support multiple time and has accepted it well.
-100 MA is going to cross 200MA to upside which is also a positive sign. Small MA crossing a bigger MA and going up is always a good sign of momentum.
- MACD showing decreasing bear power and should create a divert, meaning the MACD line (Blue) should cross over the Signal line (orange).
- 20 MA is sitting at the bottom of current 4 hour candle -> That is a support.
- 50 Ma is lying between $63,000 & $61,000 creating another zone for support in case the price goes south for any reason.
Over sentiment is positive. The price should test and try to break the resistance at $66,000. And when it happens, another barrier at $68,000 is waiting. If the market receives some good momentum there are chances, the price directly goes to $69,000 before another cooloff.
Just a precaution which we should always have in our minds before taking any decision, watch out for any news with a negative sentiment, which can cause to retest the latest support.
IS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEWIS BITCOIN GOING TO CRASH ? BITCOIN LONGTERM VIEW
when we look in day chat bitcoin showing these thing.
1. first of all its break a trend line shown on chat
2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap
3. its also breaked the all support lines
there is no resistance so it will fall a lot with out any doubt
4. here buyers are ready to buy but showing a huge downward pressure
it gonna trap her and fall a lot
5. volumes are also showing far more fall
overall mening is ..
i want to ask you 2 question
1 ask youself
Q1. is bitcoin time over
Q2. what is your opinion in this longterm setup
just comment below im waiting for your comment.
and last JAY JAGANNATH
.
when we look in day chat bitcoin showing these thing.
1. first of all its break a trend line shown on chat
2. its not filled the 52.000 lable and created a gap thats mean it fall again and fill the gap
3. its also breaked the all support lines
there is no resistance so it will fall a lot with out any doubt
4. here buyers are ready to buy but showing a huge downward pressure
it gonna trap her and fall a lot
5. volumes are also showing far more fall
overall mening is ..
i want to ask you 2 question
1 ask youself
Q1. is bitcoin time over
Q2. what is your opinion in this longterm setup
just comment below im waiting for your comment.
and last JAY JAGANNATH
BITCOINIt could move upwards to test 67486 -- 67951 📈
Rejection from above levels 67486 --- 69648 is possible 📉 📉 📉
As below levels are still pending to test
Any daily closing below 64740 then price could fall to 52529 📉 📉
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
Bitcoin: Mid-Term Price OutlookBitcoin Technical Analysis update
Bitcoin is forming a triangle pattern on the 4h chart. Currently, the price is trading within the triangle just above the 200EMA. We can expect sideways movement around the 65.5k level before a potential breakout. If the price fails to hold above the 200EMA, it could test support at the triangle's bottom line around 63k.
Regards
Hexa
False Bitcoin rumors revealing real market sentiment False Bitcoin rumors revealing real market sentiment
Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application.
In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains.
The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
Bitcoin - Important Support and Resistance LevelsI have marked IMPORTANT support and Resistance levels for BTCUSDT.
These levels have been marked for a reason, utilise it with your indicators for MORE profitable trading trades
please do like and comment if you want Support and Resistance for any other scripts.
Thanks :)
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 MARKET ANALYSIS: MAJOR SUPPORTBitcoin is hanging by a thread and is at critical support on the higher time frames. It is at key demand zone of 25.4k - 24k zone. If the level holds, we could see a rally in BTC towards 36k-40k.
However a break of 24k with candle closure, is not going to end well. We could see a further correction to 18k if this were to play out.
Watch these levels closely in the coming days/weeks.
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.