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Btcusdanalysis

BTCUSD possible Elliot wave counts (up, then down and again up)Hello friends, here we had shared BTCUSD Bitcoin chart with possible Elliot wave counts on daily, 4 hourly and on hourly chart which seems aligned with each other, so the conviction increases. Well, on daily time frame it seems that post correction we are unfolding wave 1 of some degree, in which we had already done wave 1-2-3-4 of one lower degree, and now possibly we are unfolding wave 5 of 1, so post completion of wave 1 we can assume that retracement is due as a wave 2 which can unfold as wave ABC hopefully, Overall we are in impulse towards north, one can wait for dips as a wave 2 to grab an opportunities to find best entry to go long, so we should have to ride only in right direction because right direction is always more important and better then speed. I am not sebi registered analyst, My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Possible wave counts on daily time frame Possible wave counts on 4 hourly time frame Possible wave counts on hourly time frame Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
BITSTAMP:BTCUSD
by RK_Chaarts
2
BTCUSDT short term trading idea target 28000+Bitcoin trading in bullish flag pattern and now it is in lower support range, and in smaller time frame it is gonna to breakout so chances are high for bounce back from these levels currently it is trading at 27487. so if anyone wants to go long can take position with the stop loss of 27127 and go for target above 28000+ Note:- Bitcoin trading is highly risky so please trade carefully with strict stop loss. If anyone likes my work please like follow and comment. thankyou
Long
by TraderRahulPal
BTCUSD - 3 Bearish Chart Pattern It's important to note that the behavior of the BTCUSD pair can be influenced by a wide range of factors such as global economic conditions, political developments, supply and demand, and market sentiment. Therefore, it's important to do your own research, analyze the market conditions, and consult with a qualified financial advisor before making any investment decisions. However, I can provide an explanation of the three bearish chart patterns you mentioned, which are the double top pattern, bearish pennant pattern, and rising wedge pattern. The double top pattern is a bearish chart pattern that occurs when the price of an asset reaches a resistance level twice but fails to break through, forming two peaks that are approximately the same height. This pattern indicates that the buyers are losing momentum, and a trend reversal may occur. The bearish pennant pattern is also a bearish chart pattern that occurs when the price of an asset consolidates after a sharp downward move. This pattern is characterized by two converging trendlines that form a triangle, with decreasing volume and volatility. The bearish pennant pattern indicates that the sellers are gaining momentum, and a trend continuation to the downside may occur once the price breaks below the lower trendline of the pattern. The rising wedge pattern is a bearish chart pattern that occurs when the price of an asset is trading within an upward sloping channel but with a contracting range. This pattern is characterized by a series of higher highs and higher lows that form two converging trendlines that slope upward. The rising wedge pattern indicates that the buyers are losing momentum, and a trend reversal to the downside may occur once the price breaks below the lower trendline of the pattern. It's important to note that chart patterns are just one of the many tools used by traders to analyze the market, and they should not be relied on exclusively for investment decisions. Additionally, it's essential to use risk management techniques, such as setting stop-loss orders, to limit potential losses if the trade does not go as expected. In summary, the double top, bearish pennant, and rising wedge patterns are all bearish chart patterns that can occur in the BTCUSD pair or any other asset, and they indicate a potential trend reversal or trend continuation to the downside. However, investors should conduct thorough research and analysis and consult with a financial advisor before making any investment decisions based on chart patterns.
BITSTAMP:BTCUSDShort
by Epic1st