Btcusdlong
💎 BTC Unable to Cross Major Resistance Trendline.On daily timeframe btc again testing major resistance trendline. Previously we can see whenever btc tested this trendline we seen huge pullback.
if btc starts dumping frm here then easily we can see btc testing again 30-32k zone.
BTC will be bullish only after trendline breakout with huge volume.
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (34599.00).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 36949.10
TP2= @ 38118.06
TP3= @ 39359.81
TP4= @ 41020.72
TP5= @ 43588.34
SL= Break below S2
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Bitcoin Positional Long LevelsBITSTAMP:BTCUSD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on weekly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 35736.45
PRZ 2 :- 33812.28
SL :- 28600 (Closing Basis)
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42470.00).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 61.
Take Profits:
TP1= @ 43809.61
TP2= @ 45555.23
TP3= @ 48384.35
TP4= @ 50656.86
TP5= @ 52608.89
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
End of the downward trend? Wedge closing Have been following quite closely recently, seems to me like 41500$ is a very strong support - been tested several time and rejected. We might see some rejection again at 43k level, stabilise there, consolidate for a bit.
With macro recovering (dollar slipped but just rebounded) - I do believe we are back on tracks!
BTCUSDSymmetrical triangle pattern formation on BTCUSD on a 15min timeframe ! Target should be around 43400$ !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
😊😊😊
Signal & analysis For Bitcoin Trading Signal:
A Trading Signal is seen in the Bitcoin BTCUSDT
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 40000.0
⭕️SL: 38724.0 or SL on Uptrend breakout
🔵TP1 @ 43570.0
🔵TP2 @ 45555.0
🔵TP3 @ 51300.0
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