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BTCUSD LIVE ANALYSIS & PREDICTION - BITCOIN PRICE ACTION 11 AUGBtc is looking bearish on 1 hour timeframe.
But without confirmation my overview will be incomplete. I will wait for confirmation.
Confirmation will be - Price should test the support and should not test it's previous resistance.
Volume will also give Confirmation so keep eyes on volume
Support break is expected and price should reach to its previous support.
BTC Prediction and analysis LIVE 6 Aug 2024BTC is creating a major retracement of selling trend, so for short period my overview is bullish.
price trying to test its previous major resistance, So for me Buying after a Dip will be high probability.
Although price will show confirmations of buyers strength on chart.
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
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
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup det 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 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 BEAR 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 bearish 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 fall 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 bearish 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 FALL TILL 52500.BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
there is so support beetween these
two lable so it will easily fall
till 52000 lable
1. It's BREAKING THE SUPPORT LABLE HERE
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
1. It's BREAKING THE SUPPORT LABLE HERE
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
there is so support beetween these
two lable so it will easily fall
till 52000 lable
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:6 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying 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 Buying 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
OPERATOR GOT OUT FROM BITCOIN SELL BTC FOR 7000 POINT.OPERATOR GOT OUT FROM BITCOIN SELL BTC FOR 7000 POINT.
BTCUSDT showing g 7000 point fall in longtrm
due to the technicals indicating for shell
in bitcoin a strong trendline breakout happened plus
sellers are heavy in full of power
and volumes are gradually increaseing
all these sigh indicaing for falling of btc with a good point
upto 7000.points
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying 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 Buying 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
BTCUSD Daily closing below 65867 then 📉 📉 to 62045 marked on the chart
Any Daily closing above 67438 then bullish 📈 📈 📈 77500
65867 could act as a support, so until it breaks and closes below then only 📉 📉
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
BITCOIN PRICE ANALYSIS Bitcoin, the maiden cryptocurrency, is hanging and swinging in level from 62k to 72k for more than 50 days. The geopolitical tension has made steep decline in entire crypto market. Currently there is no clear sign of any direction, viz. Up or Down. So it is better to wait and then take any decision for trade in BTC.
ALTS can be traded according to effect of BTC & its dominance in lower time frame.
BTC UpdateA new CME gap has formed around $67,630. Currently, there are two nearby gaps at $67,630 and $63,550.
It's worth noting that approximately 90% of CME gaps tend to be filled sooner or later, whether it's within a week or a month. Keep this in mind.
Regarding BTC, I anticipate it will touch the upper trendline of this symmetrical triangle or even surpass it, but it could be a fake out. There's a possibility of rejection around $74k or $75k, at which point I'll be looking for short trades.
Following that, BTC may proceed to fill both CME gaps entirely and prepare for new all-time highs within the next six months.
BTC LongOld Short-Trade Update and Long-Term Plan:
The CME Gap is anticipated to be filled at 64,210. I have closed 80% of my short position at 65,551 and am now planning to initiate buying orders. Key levels to monitor include 64,210, 63,411, and 61,051. As for the stop-loss, it remains undetermined at this stage, and I will provide updates upon closing my positions. While this move is expected, there is a possibility of further downside, so it's crucial to trade cautiously and at your own risk.
Riskier Short Trade:
There's a chance it will descend from 68,400. I will be looking for one final short trade from that level. However, it's important to note that this trade carries higher risk, and only experienced traders should consider attempting it.