Bitcoinusdt
Bitcoin to $100k+?The price of BINANCE:BTCUSDT at the moment is around $56,000, in a short term bearish momentum. If it'll break the $55000 mark, I think the Bitcoin can fall further till it reaches the $52,000 mark, and can take a reversal from that price zone and come back in a bullish momentum and would definitely cross the $100k in the long run.
Some of the reasons why I'm thinking like that:
- We can see it forming a Cup & Handle pattern from the Monthly Time Frame, currently falling to make a handle if it'll bounce back from the $52,000 mark.
- From the Weekly Time Frame, the Fibonacci's golden level (0.618) is exactly around the $52,000 mark.
- From the Monthly Time Frame, the Fibonacci's 0.318 level is also around the $52,000 mark.
This is just a perspective of mine, the previous liquidation grab have filled several gaps already, if it'll fall further I belief there will be a strong momentum and many buyers waiting on the 0.618 level or the $52000 mark to give it a healthy bounce back to $100k+.
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%.
The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone.
On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels.
Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created.
For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema.
The volumes are high when there is a fall and a reduction in the up move.
There is volatility which no giving a clear view in this range.
Let the coin give break out or break down of the levels and trades should be initiated accordingly.
Support :- 25860, 25670
Resistance :- 26185, 26500
Wait for the price action near the levels before entering a trade.
Bitcoin rocket Booster Firstly you can see Bitcoin is reversing from its down trend, Now it has formed pole and flag on 1D frame.
You can also see it has given fake breakout on 200 Ema downside (Confirmation for upside strong momentum)
It has exactly retest from 0.38 Fibonacci level.
Last resistance has becomes today's support (where it has reversed from 200ema)
BITCOIN USDTTime frame 1 hour, going long at support where as the risk is low like every other trade as per my setup. There were multiple thoughts before entry if I should enter or not. I am sure this happens with many novice trades like me but to be in a league of professional we've got to enter a trade as per our own trade setup without a second thought. If there is a trade plan execute, post entry there is either SL or Target but what nobody teaches us in any course or book that it what is outside the chart that is required is PATIENCE, EXECUTION, PSYCHOLOGY, PRACTICE.
WAIT & HUNT
#BITCOIN USDT CHART PATTERN #BITCOIN USDT CHART PATTERNS FIFTIN MINT TIME
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Bitcoin Trading Plan for 21-22 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.
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 shows bearish sign on RSI.#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
## Technical analysis:
. BTCUSDT was Moving in a Triangular channel then IT had a breakout.
. After Breakout It started Following parallel Channel.
. The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN )
#Three Important KEY level Which May require A retesting.
KEY LEVEL 1:- Around $64000. ( Previous ATH )
KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) )
KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel )
Support Around $58500 Is very Strong.
#Bearish Sign.
.THE RSI made a Lower high and at the same time price movement made a higher high,
This kind of divergence is a BEARISH SIGN.
. Also Its Price is below 20&50 EMA which is also a BEARISH SIGN.
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💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (55962.75).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 59314.30
TP2= @ 62033.55
TP3= @ 64871.92
TP4= @ 70000.00
TP5= @ 75000.00
SL= Break below S2
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