BTC ALL TIME HIGH NEW TARGETHello friends as I've told earlier now BTC gets bullish as it has already taken support from daily time frame trend line.
Now new short term target I've found from pole & flag in 30min time frame. As all time high there is no resistance. Also now election is over so markdt will be stable.
This new target is valid if given proper breakout. Then with good probability and risk reward is achieved.
This is my personal view no buy sell recommendations.
Give your views in comment section.
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BTC inverted H&S good targetsHey Friends I've just saw inverted head and shoulders in BTC live trading,
So now it's a good risk reward target as marked and also this coincides with previous high.
Try to grab this long side opportunity.
Trade with proper risk management and good risk reward.
Then only your probability of profitable trader begins.
This is not buy sell advice just my personal view.
Let's discuss in comments.
BTC Bitcoin sideways whats nextHere since from yesterday this range BTC Bitcoin is trading.
While I was doing btc live trading, I found that this rahe was worst for trader as it will hunt stop losses on both side.
So just to keep you guys updated I thought to share with you the same.
Let me know your opinions in comments below.
I think any trending move will come only after BTC will move out of this zone.
BTC inverted cup and handle in 5min timeframeAs I've just seen this I thought to share with you guys.
Inverted cup and handle also form at lower time frame.
While doing btc live trading I've already seen big time frame inverted cup and handle if this coincides with smaller time frame and give breakdown as planned then there is a good opportunity for sellers to move its price further down.
Also buyers try to book their profits.
So this gives more probablity trade setup.
And with good risk to reward and money management one can become a profitable trader.
Its not buy sell advice just my personal view.
Can you share your views.
BTC more fall down possibilityAs we've seen big fall and now btc trading in back in daily time frame channel.
This shows that more fall may be coming soon. This is good possibility with high probablity of trade.
Its a really good trade if hits gives good risk to reward.
This is my personal view no buy sell advice.
BTC RETEST OR FAKE BREAKDOWNAs we've seen long consolidation into BTC now any where it is going to shoot either breakout above green or breakdown below red.
Lets give your views into comment section.
Here only money management snd high risk reward can keep you in profitable for long run.
Its not a buy or sell recommendations just my view to discuss with you all.
BTC sideways two possibilitiesHere a good consolidation since many hours. This will make sideways market.
So this will always gives good returns when we have a breakdown or breakout.
1) we've cup and handle pattern if breakout green line.
2) we've M pattern breakdown if red line breaks.
Lets see this is my personal view no buy sell recommendations.
BTC seems like a breakdown furtherAs per my favorite pattern it is forming head and shoulder pattern.
But not yet confirmed the neckline breakdown.
So lets see do we get more correction in BTC or buyers can combat once again.
Lets comment down your views.
This is just my personal view no buy sell recommendations.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:7 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
BTC Trade Update : "BTC Rocket Ride: 669 Points Gained, Target i"BTC's price action has come close to hitting the first target. So far, the trade has delivered 669 points, showing strong momentum towards our anticipated levels. With price testing key support zones and facing resistance near 63,462, there's still potential for further movement. Keep an eye on the next levels for a possible continuation or pullback, as the 61,602 zone below could offer critical support if the momentum shifts."
$BTC Updated
CRYPTOCAP:BTC Update
Fade the range nearly complete ✅, preparing for a breakout, I'm long
So, last series of updates, we've called out the bottom early in August, pretty much on the day that it happened, but emphasized that the market still wasn't ready to break out yet. Instead, we wanted to see a fade-the-range setup play out. We called out the mid 50's POI to be the higher low and sure enough, that is exactly what we're seeing. We used that POI to buy spot and those positions are comfy once again, where we got away with buying the range low for the fourth time in a row now.
And now that the fade the range is nearly finished and reaches resistance into our promised eventuality of our big Astro Block magnet zone, the question rises if this will reject again. And personally, I think it's time to be careful with staying stuck in a mindset of trading the range, which has worked for 6 months now. Because we know the market likes to catch you on those times.
So according to the post I made yesterday, I do indeed believe the highly accurate data we presented and we indeed break out. And if CRYPTOCAP:BTC does, it rarely likes to give many opportunities to get long, so I entered partially here and will add if the zone lower is given.
Price action
So indeed, nice move off our daily POI we had in mind for a few weeks as the higher low bottom. Price pushed cleanly back into the range from the low, leaving a CME gap and weekly open underneath, a large one by the aggressive nature of the move off the low. Clean break back inside the range and a back test as well as clean respect of the midrange, confirming the validity of our range and our analysis. I would typically expect range mid to retest before breaking out (the H6 zone), but because #bitcoin likes to not give too many chances, it's from experience important to not put too much weight on it IMO. As being too patient results in missing out which is also detrimental for your performance ('patient' setups are more likely to run to your SL).
For targets I like firstly the cluster above and our long promised Astro Block, but I'm going to leave runners and TP less aggressive as I am indeed expecting a big breakout.
Order flow
Most important is the spot leading market and absence of perps CVD showing takers are driving the market which is healthy. We did see a high spike in OI whilst shorts were being liquidated which means there are a fair few late longs in the system here but they are already exiting. So certainly some support for a shallow pullback here into the H6, but again not too much weight on it because OI is not excessive. It's perfectly possible to have another push up, then the high push in OI above ATH's and then the quick pullback to rinse it, before continuation. So a pullback isn't necessary, but healthy and would not surprise me.
TPO
Still waiting on our overall TPO naked POC's to be tapped above and we have a trend set of taking upside POC's which is always likely to continue as we know. Shallow POC's are always possible to be taken out so again the one at 60k would be the worst case IMO.
Order book
Order books show the market is set to range, nothing out of the ordinary since it's Monday. But walls below are clearly thicker and our chaotic stacks we typically like to see as they're more genuine and less likely spoofs. If they choose to be filled, that's again the shallow pullback scenario before higher, also showing itself in the order books.
Plan
So, plan leads to expecting a shallow pullback but not putting too much weight on it. So decided to fill longs partially at this very price we are right now of 62.2k and adding if we tap the H6 zone. The idea is to hold for longer as my thesis has been very clear on how I expect us to actually break out for the first time in 6 months. A tough call to make and as far as I'm aware, I was one of the few to make it, as well as calling the August bottom and 54k higher low as there was a lot of fear out there I'm sure you all remember. Things look a lot different now but it doesn't mean I am afraid now that people are catching on as the positioning isn't happening in ways that suggest exhaustion, rather late longs, flush, repeat on the backbone of a strong spot bid into clean price action and timing that makes perfect sense.
If I am all wrong on this and the market rolls over and we lose 54k, I don't think that is good news, as that means the range breaks to the downside by our thesis, for a sustained move down. So my backup play is indeed to not only get out of longs then, but also enter breakdown shorts as the market is clearly set for a big move down.
Don't think that is likely though due to all our analysis posted prior. But I like backup plans to not be fully caught by surprise. But know that I have been on the thesis of an August bottom and nothing has changed, and I am indeed positioned for that, in a way to both not miss out on the move, have extra maneuverability for a shallow pullback, but not get surprised on the low chance #BTC fails as it's very typical to get frozen out during times of a long range ending.
BTC Demand/Supply Zones In the chart above, I have marked Supply and Demand zones for swing long trades.
Strategy:
The Demand zone represents a buying opportunity, while the Supply zone indicates a potential shorting opportunity.
The stop loss can be placed at the opposite end of the order block.
Note: The order block may break on the fourth test.
Do your own research (DYOR).
This is not financial advice.
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
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