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.
Btcupdate
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.
BTC's Epic Move! This BTC trade, which I shared with you on October 26, didn’t show much movement initially. But yesterday, BTC finally took off and has given over 1.4k+ points in profit so far! 🎯🔥
If you've booked your profits, that's awesome! 👏 Due to TradingView's new update, the post option wasn’t visible on mobile, so I couldn’t give you timely updates.
To everyone who took this trade, share your profits and let me know how you found this setup! Let’s see some epic comments! 🚀📈
Bitcoin 1D Technical Analysis & Commentary - Bitcoin is currently trading at 66,855
- Bitcoin purged above 69,000$ for the first time after 3months
- Now let's talk about the Price Behaviour of Bitcoin, if you look at the daily chart of Bitcoin you see the Highs are making higher highs and the lows are also making higher lows
- Market Structure has so far remained bullish
- The market structure will shift to bearish once we see Bitcoin trading below 58,805 on a weekly timeframe
- I see a couple of Fair Value Gaps around 63,462,64,000$ and 60,771-61,806$
- Imo these FVGs can soon get filled and according to the data buyers carry a lot of interest around 65,000$
- So what does this unfold? Bitcoin can make a quick wick followed by a sudden dump consume all limit buys and liquidate all late longs post that show us an expansionary move by filling the gaps and making a new high this time.
- For Spot buyers you should be focusing on 61-65k that zone will be good to accumulate alts majors or any other coin you want
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
"Conquering Bitcoin: Over 2,000 Points Captured in a Single Trad"Just like I shared yesterday, this Bitcoin trade played out perfectly, capturing over 2,000 points! We saw a strong upward move and hit all the right levels. With precise entries and exits, this trade is another example of how important it is to stay ahead of market trends. Keep following for more such golden opportunities that deliver solid returns. We are here to conquer the crypto market!"
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."
Bitcoin Swing Long Update - Bitcoin is currently trading at 62,777$
- Bitcoin followed my path and filled the Fair Value Gap
- Bitcoin didn't shift its Market Structure as well and we are still Bullish unless we see a weekly close below 57,500$
- Bitcoin can easily shoot up to 64,000$ first and then we might see a small retracement that can induce BTC a little and post that we might see Bitcoin mitigating 69,000$ soon
- On the other side, we have a War ongoing and the Economic Data also came in good for the US so the flows into USD increased and this also led to the DXY pumping hard
- However, at the same time US Indexes jumped as well so this week will be very important for the overall market and how the war unfolds.
A decending triangle patterns showing on BITCOIN with 1:10 RRA decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 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
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 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 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.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDA decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
Bitcoin Worst Case Scenario Setup - Bitcoin is currently trading at 59000$ and we have the August monthly closing tomorrow
- Bitcoin has a Fair Value Gap ranging from 62,500-61,000$
- Bitcoin is currently chopping getting distributed and then showing small recoveries which has changed BTC's trend to bearish more HL HL followed with LL LL
- To flip the current trend we need a strong weekly closing above 67,000$ first
- I have drawn 2 bearish paths which happens to be best possible scenario for BTC, I am being practical and not blindly bullish over Bitcoin
- In trading, you have to consider a lot of uncertainties or else you get thrown out of the market so yes 51-54,000$ will be an important accumulation and longing zone for me to track BTC