M or Possible Double top formation - BTC BINANCE:BTCPERP looks weak ... it could have formed possible Double top or you can say M pattern. All the levels and target are mentioned in the chart.
Note : For Education purpose only.
Bitcointrading
Bitcoin consolidating in a box pattern.Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern.
The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema.
Global markets are negative and the crypto markets follow the similar trajectory of the US market.
Coin, on the daily time frame, is taking a serious rejection and is constantly falling after getting rejected form the 20 DMA.
It has been consolidating in a narrow range of 1.5-2% for three days. It has given fake outs on both side but couldn't sustain above/below the levels.
On the hourly time frame, it is trading between 20 and 200 ema.
Support :- 19290, 18870, 18600
Resistance :- 19630, 20000, 20330.
The price range from 19290 to 19630 is a no trading zone.
A swing or intraday trade can be initiated if the price sustain above the levels on the 60 minutes chart.
Wait for the price action near the price levels before entering the markets.
BTC LONG TRADE H4market is in the range and btc created a eq low and on that orderblock there is our demand zone on which btc just landed and made a low on their after taking the above liquidity, so there is high chances that now it can go up!
Let's not be Bullish for BTCDon't Panic
It's just the Recession 2022.
BTC is starting to go bearish from very first week of next month or anytime soon.
Hope you clear all your positions & be patient.
Wait for BTC to make it bottom and make an Entry.
Grab your Golden Opportunity.
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA.
On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema.
The coin price is around its hourly 20 ema and its taking a support from it.
The coin is forming a rising wedge pattern on daily time frame.
Once the pattern gives a break out, bitcoin can give nice targets on both side.
Watch for the price action before trading the setup.
Support and resistance levels are mentioned in the chart itself.
bitcoin 12.07.2022: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
BITCOIN/U.S DOLLAR TRADE SET UP Hello Friends,
Here is Bitcoin Trade set up as per Harmonic Crab Pattern level, Buy Bitcoin above 30821 with sl of 24821 for TGT 34097 AND 39491. #btcusd
Happy Trading.
BTCUSD Bitcoin Recovered back to Resistance level of 21000 and let's see what will happen next it will breakout or breakdown
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
Possible btc next movementComment your trade idea and thoughts
Thats my next btc plan kindly like if you find it helpful
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
BTCUSD Bitcoin / U.S.D Mid term view Bitcoin level analysis in day chart, please follow levels, for educational purpose only.
Bitcoin view 14/04/22.Bitcoin is trading around a crucial fib level on a weekly time frame of 41390 (0.50 fib level).
It seems bullish on higher time frames of weekly as it has taken support form 0.382 fib level, for swing trades we can enter is a 4 hour candle closes above 41500.
On daily time frame analysis, it is forming a lower highs and lower lows and has given a cross over of moving averages, thus looks bearish.
If the price drop below 39300 it can test levels of 37500-600.
Support :- 40400,39790, 37600
Resistance :- 41390, 42100, 43010
On 4 hourly time frame, it has crossed its 20 ema with a bullish candle and is trading in a range.
Wait for the level to break convincingly and there can be a trend reversal in a shorter time frame.
Bitcoin forming evening star.Bitcoin on a weekly analysis is forming an evening star chart pattern and is taking support. It is trading below its 20 ema and 0.382 fib levels.
On daily time frame, it has closed below is 20 and 200 ema and seems little bearish for short time fame as 4 hour time fame has given a moving average cross over.
It can retest its 20 ema on 4 hour time fame and fall further.
Support :- 42100,41380. 39790
Resistance :- 43010,44550, 45600
Supports may be breached once the price trade below the levels and sustain.
Bitcoin has streched and can come futher down to test the levels
Wait for the price action near the levels before trading,
Bitcoin near resistance level.Bitcoin has been respecting the resistance level of 44500 and is just below the 200ema.
On daily chart frame,the chart pattern formed near the resistance level will help is confirmation of the movement of the price above or below the resistance levels
The bitcoin is forming a ascending triangle chart pattern on a bigger time frame.
Support levels :- 41980, 37700
Resistance levels :- 44500, 45800
Wait for the candlestick chart pattern to be formed near the zone to find the movement in bitcoin.
Bitcoin Analysis !! #Bitcoin📈 Bitcoin 📉
It has broken out from downtrending trend zone and given first signs of forming higher high higher low. Started forming up upside trending trend zone (this zone is yet to be tested to be strong support zone). Immediate Upside resistance is at 46000 levels. Have to watch how price behave around these levels.
My Personal view :- Price should face rejection at 46000 levels and fall down till 40000 level then again rise up to around 51000 levels. Rest I have drawn complete analysis with possible support and resistance zones.
#Bitcoin Trading Plan 26-27 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria:
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
P.S. I hold a neutral stance today as I am not quite sure about the direction towards which the market is leaning; BTC seems to be close to a major support but also has been showing significant weakness over the past few days. But like always - my view does not matter as I trade the price and the system and not expectations.
#Bitcoin Trading Plan 25-26 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria:
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
P.S. I hold a neutral stance today and I reckon that it is possible that a trade might not even trigger.
#Bitcoin Trading Plan 24-25 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone".
If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities.
Entry criteria:
Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level.
Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level.
Stop Loss criteria:
Risk: 2% of capital of per trade.
Bullish case: Just below the second price level from the top.
Bearish case: Just above the second price level from the bottom.
Take profit criteria :
I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case).
I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable.
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that.
Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
P.S. I am biased towards the downside today.
