Bitcoin: Mid-Term Price OutlookBitcoin Technical Analysis update
Bitcoin is forming a triangle pattern on the 4h chart. Currently, the price is trading within the triangle just above the 200EMA. We can expect sideways movement around the 65.5k level before a potential breakout. If the price fails to hold above the 200EMA, it could test support at the triangle's bottom line around 63k.
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BITCOIN is Ready for Another Fall below 29700BITCOIN (BTC) is indicating another 7-10% fall towards 29700-28800 from around 31870-32170 Range.
Possibility will get negated if BTC closes a complete 5 minutes candle above 32170.
This Analysis and Trade Setup is based on 38% Retracement Breakout Trading Strategy.
Bitcoin view 14/04/22.Bitcoin is trading around a crucial fib level on a weekly time frame of 41390 (0.50 fib level).
It seems bullish on higher time frames of weekly as it has taken support form 0.382 fib level, for swing trades we can enter is a 4 hour candle closes above 41500.
On daily time frame analysis, it is forming a lower highs and lower lows and has given a cross over of moving averages, thus looks bearish.
If the price drop below 39300 it can test levels of 37500-600.
Support :- 40400,39790, 37600
Resistance :- 41390, 42100, 43010
On 4 hourly time frame, it has crossed its 20 ema with a bullish candle and is trading in a range.
Wait for the level to break convincingly and there can be a trend reversal in a shorter time frame.
Bitcoin looking weak. Where will it go? Read moreBitcoin dumped hard because of Infrastructure bill, ethereum foundation selloff and china fud. The volume was weak since a few days and the pullback which was around the corner finally came. Btc has found support at the conflux of a major support level and the 50-period Moving Average. I expect it to go lower to 100-period EMA and the next support level at 56200 range. There is no chance or a reason for bitcoin to go any further below it. Historically November has been the most bullish but I expect that this year it will be the opposite.
Like after every dump, this time too btc will range for a few days and have a few long red wicks before it starts pumping. A red wick to 52900-53400 is also possible.
Opening a long/short position is not safe - neither in btc nor in alts. Every rally may bring bigger pump in alts, but in every dump the loss will be equally greater. Stay on the sides and keep on accumulating in every dip.
And like always, I expect the chart to play out the bart pattern.
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.
Bitcoin Worst Case Scenario Setup Update - Bitcoin is currently trading at 53,442$
- Bitcoin followed my 1st path and the second path might be followed too
- Bitcoin has only been making lower lows and higher lows which signifies a bearish trend
- Overall Price trend is bearish we need a Market Structure shift above 62,000$ to flip the trend and get bullish again
- Be cautious and avoid leverage and adding longs and short for now before you see a clear trend
- Spot buying is fine but at the same time prefer to sit on hands
BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT
BEARISH MONGTH SEPTEMBER
In day timeframe chat a rectangular structure is showing on bitcoin
And it’s already breaked the rectangle support zone
So according to the data the current structure showing
The overall September market should must be bearish due to
Technical analysis
The fall should be a huge fall
It must be 13000 point fall due to
The support zone at 43.700
So invested and trader be ready a huge fall is going to occur soon in bitcoin
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
Bitcoin 4H Swing Setup - Bitcoin is now down 15% from its recent swing high
- I have drawn 2 Price Paths for Bitcoin
- The first price path describes how Bitcoin can soon run up clear the Fair Value Gap and then pierce 60k and bounce from 56-58,000$
- The second price path describes how Bitcoin can soon run down grab liquidity from 56-58k and then move up towards 64k
- Bitcoin is currently sitting in a no-trade zone even if you are looking for longs or shorts make sure your leveraged positions are carrying a calculated risk
BITCOIN SETUP TRADE WIH 1:20 RISK REWARD BITCOIN SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande matara
BITCOIN SETUP TRADE WIH 1:10 RISK REWARDBITCOIN SETUP TRADE WIH 1:10 RISK REWARD
A good buying setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:10 RISK REWARD
A good buying setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande matara
BITCOIN SETUP TRADE WIH 1:10 RISK REWARDBITCOIN 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 following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN 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 following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
Bitcoin Retracement Loading - Bitcoin is currently trading at 67,100$ not even 20% down from its All-Time High but Altcoins have already retraced more than 20-30%
- I have marked 2 Important Point of Interest and it may help you guys more from a reference perspective to exactly where how much more could Bitcoin fall
- 58,000-60,000 looks like a Magnet to me
- 52,000 looks like something that can make Bitcoin's next move the biggest impulsive move ever seen
- Do not invest Blindly if you don't understand the schematics and the risk involved in Crypto Currencies
Bitcoin respecting the trend line.Bitcoin has been respecting a trend line and is taking support from it.
The coin is trading around its 20 ema on 15 mint time frame.
Support will be the trend line. Let the price trade below the trend line or breaks above the level of 38810.
On daily time frame, it’s forming an inside candle.
Support :- 38100, 37700
Resistance:- 38810, 39270
Wait for price action near the levels for entry.
Bitcoin Next Target 107,000 USD, Expected Trendline Breakout Bitcoin definitely going to reach the Trendline, so the Target is around 107,000 USD or more. And Expected Breakout above the Trendline.
I want to help People Make Profit all over the World.
My Bitcoin Navigation :
1. Reached 0.5 Fibonacci Retracement.
2. Breakout the Channel Pattern.
3. Reached Channel Top Target.
Bitcoin Bullish Setup & Volatility Commentary - Bitcoin is trading at 101,702$
- Economic Calendar always helps you refine your bias and understand how the expansion is going to be 90% don't even put stress on this.
- Technically the whole Flash Crash got bought back and what does this depict think psychologically we are witnessing demand whenever BTC dips
- All eyes are on the weekly closing of Bitcoin. If we close above the recent ATH, or above $102,000, it's going to be easy for us to purge way higher.
- While on the downside we can soon see 77,000-84,000$ and that's going to rebalance the price and help to structure become more stronger and valid.
- Manage risk and trade carefully instead of looking for Bitcoin Spot accumulation Ethereum is offering a better Risk to Reward
BITCOIN SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD BITCOIN SHOWING A GOOD UPWARD 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
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
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
With a small amount
Stay connected
Stay happy
Bande mataram
Bitcoin Technical Analysis Bitcoin appears to be bullish on a 4-hour timeframe.
However, it is still possible that there may be one or two liquidity grabs that could shake out more weak hands.
In general, I would like to see how the market reacts to the price at 69000$ before making any further decisions.
If you are interested in accumulating Bitcoin, I would suggest a 30% spot accumulation in this zone.
The remaining 70% can be kept when Bitcoin trades around 45,000-50,000$.