BTC IS RISK ON! 40K STRONG SUPPORT* 40000$ strong support for bitcoin, previous swing low
* 2.618 ABCD pattern
* 1.13 XABCD pattern on 4 hr
* bullish pin bar pattern on daily chart
* closing stoploss below 40800$
* price consolidating on 1hr and forming price action zone for accumulation
* price is above all MA's except for 200 HMA
* double bottom clearly visible on line chart
* bollinger squeezed on 4hr and 1hr
* pin bar bollinger buy signal
Bitcoinusd
All Targets Achieved | 26% in just 29 days | Bitcoin All Targets Achieved | 26% in just 29 days | Bitcoin |
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Bitcoin THE KING- BTCUSDBitcoin is already been in a downtrend for the past few days in the lower time frames. It looks like BTC is planning for a major liquidity grab before making the next big move towards the moon. I personally will try to take this as a chance to buy more BTC if it reaches anywhere near 24k to 27k. This is not financial advice. Invest only what u can afford to lose.
📊 Bitcoing Swing Trade Opportunity 🎯BITSTAMP:BTCUSD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, Quite Big Stop Loss as per this pattern. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 41101.80
SL :- 34983.5 (Closing Basis) (better to enter after reversal candle and keep sl below that candle if you atre trade for swing or short term)
Target 1:- 44369
Target 2:- 46643
Target 3:- 48971 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Bitcoin/USD is still bearish or right time to buy ?Hi everyone
lets discuss BTC/USD scenerio, as you can see in chart we have complete (1),(2) and (3) wave in INTERMEDIATE DEGREE , Currently in (4) wave.
In (4) wave we have complete two legs which point A and Point B wave, If you are familiar with neowave, it consist of atleast 3 corrective wave.
From around this area we are looking for point C which can go easily upto 52000 level. Also there are chances that there can be more corrective legs like D and E.
After this corrective price action we will be looking for an (5) wave in intermediate degree.
This intermediate degree waves started at 66000 , see that trading idea also so that you can see how far we can hit the target with wavees structures.
T hankyou
Manish Singh
Wave Forecast
SHORT BTC/USDTBINANCE:BTCUSDT
SHORT BTC
Short/Sell BTC
CMP :48832
Target :39515
Stop Loss :53237
Signal: Negative
Sentiment: Negative
Crossover: Negative
Timeframe: 5-7 days
Probability: Medium
Note: Some sideways movement expected before the fall.
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BTC - A Case of Two Falling WedgesTwo falling wedge breakouts observed on the Bitcoin chart.
The first one showing a strong and healthy breakout (with an above than average volume).
The latest falling wedge breakout has been a disappointment so far. Volumes have been
below average and the price seems to be struggling.
A break below the critical support level marked by the yellow line could be catastrophic.
Given the macroeconomic environment with FED talking about speeding up the Tapering schedule and a
possibility of a rate hike if inflation continues to grow strong, being cautious in this market is best way forward.
Don't get caught up in the 'Bitcoin is an Inflation Hedge' narrative.
Bitcoin is a 'Risk On' asset :)
Bitcoin looking weak. Where will it go? Read moreBitcoin dumped hard because of Infrastructure bill, ethereum foundation selloff and china fud. The volume was weak since a few days and the pullback which was around the corner finally came. Btc has found support at the conflux of a major support level and the 50-period Moving Average. I expect it to go lower to 100-period EMA and the next support level at 56200 range. There is no chance or a reason for bitcoin to go any further below it. Historically November has been the most bullish but I expect that this year it will be the opposite.
Like after every dump, this time too btc will range for a few days and have a few long red wicks before it starts pumping. A red wick to 52900-53400 is also possible.
Opening a long/short position is not safe - neither in btc nor in alts. Every rally may bring bigger pump in alts, but in every dump the loss will be equally greater. Stay on the sides and keep on accumulating in every dip.
And like always, I expect the chart to play out the bart pattern.
Bitcoin 70000- 75000- ... ???? After nice breakout, the price managed to breakout through the median of the pitchfork which is the golden line
the green lines are following pitchfork acting as support and resistance on higher time frame
the greenish zone is the 4h halting zone is the price breaks the golden line
it is consolidating and forming triangle pattern
not gonna go short the trend is up but this looks like a pullback or buildup, profit booking from previous trend buyers
long is the price get rejections from golden line with strong bullish candle
can trade after the breakout of triangle pattern
the full range of pitchfork ive drawn has indicated max 77500 levels but with some slight pullbacks and corrections
Bitcoin following the Fibonacci Channel!In my previous idea on Bitcoin, I posted about the Fibonacci Channel, if it will follow it or not. As we can see here, it is perfectly respecting the golden zones and getting retraced. Here, I have posted a trade on the basis of this Fibonacci Channel and price action. RR is 1:5
BITCOINHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
BTC view with support and resistance
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit day guys
BTC/USDT TechnicalsMy BTC construction
1. schiff pitchfork {1st price bar - 29222.23} {2nd- 52864.23} {3rd- 43314.23}
2. channel overlap - the mid zone was drawn
from 7 sept data and then cloned both up and down on exact top and bottom from mid zone
3. Basic price action and pattern on 15 mins to trade entry