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
Btcusdtperpetual
BTCUSDT DAILY TFAs you see market is filling DAILY POI I already drawn on 15Jun23 @25755.67
That POI worked as a magnet! and we can see price mitigates there price started to fall -14.79%
And now price will fill imbalance which is @23986.92 to @20687.13 PLUS there is a another POI for long side! price will bounce there too.
After that we can expect a New High on BTCUSDT a breakout @32399 that's a previous high on 31May22
OR . . .
If price gives us a breakdown on that POI @20367.48 then price will move towards WEEKLY POI {SKY BLUE} @16812.95 in my opinion that's a strong POI from 21Nov22 is there and not mitigated once!
That means BTC is FILLING FUEL we can see a BULL RUN!
THOSE WHOEVER READING THIS COMMENT YOUR THOUGHT
SMC
1)BTCUSDT headed UP to 23520 , 2)Then Down towards Target= 23132Current Current Price of BTCUSDT is 23420, is expected to rise initially ( A Good Shorting opportunity starts near 23520 Zone
Once a high is arrived, I would SHORT BTC & be Expecting Target to be 23132.
Small & Sweet Short, Usual Stop Loss applicable.
This idea has a "Two in One Trades", lets observe how well this idea of "Short at HIgher Levels" pans out.
Estimated Time = Monday US markets opening
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#BTCUSDTPERP #VolumeAnalysis #withpriceHiii
Concept and some logic : If we see a suddend increase in volume of eg 26k btc this types of volumes is consider as market maker are buy/sell at the positions which cause a long wick formation . this wick is mainly for liquidation of retail trader position forcefully .
BTCUSDTPERP Price action drawing with combination of volume analysis , multiple wick touching points and trend momentum shown with curve green line . circle denotes volume comparison with price .
i used a up/down volume indicator so easy to mark the volume that is buy/sell by market maker and a curve drawing tool parallel channel for creating a price zone and trend momentum line
#Reason #BTCUSDTPERP #LIQUDITY #Accmulation distribution conceptHiii Every one .
Why this happen in Bitcoin ?
i am trying to explain .
we all know higher timeframe dominate all . i made observation .
concept Accmulation distibution , Liquidity , marketmaker chart
how does market maker works when price is droping whales or market maker are start buy because if they dont buy then how order exicuted means if some one is selling other is buying .if this not happen order doesnot exicuted this is basic logic .
btc now in down trend at this that time market maker made there buy position in the chart i highlighted by accmulation vol .
do u see how much squeezed the price by marketmaker at this zone 16 k to 17 k . . because they dont want price to go more lower from this . wright now they start selling or distribution by traping liquidation of short sellers . which cause price to go upward .
I observe same thing in 2019 price chart analysis
mar 9 saturday price queezed and then up and also breaked my white line monthly indicator line go back to see same .
let me know what u are thinking about this move by btc in comment below
Thank u
BTC prediction till 90kThere is a fib golden pocket support on level of 53k to 51k market might take pullback till 52k as a healthy pull back is required for trend continuation next leg we can see till 85k -90k within 50 days after bounce back approax 47 days to reach new high , also market is playing in a rising channel and taking lower trendline support which is primary trend line.