check all the time support and resistance zone because we are in vvip zone
AREA TO SEE FOR SHORT TIME FRAME this will be short trade if we brk down keep eye on the charts
double bottom formation on 15m timeframe. resistance at 37400-37500. approx 2-3% move possible if a good green candle closes above the resistance. levels as per chart.
check movement of btc carefully specially support and resistance
Short BTC when trendlines break. Keep strict SL of 40500
I think it should be a eliotwave it should you drop to 31000$ - 33000$
This is not a financial advise trade at your own risk. This is charting of BTC using Technical Analysis according to my knowledge. Suggestions are always welcome...
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⚠️ Bitcoin Analysis Please note that this analysis was copied with his permission from >>> TradingLamp
Its cup and handle pattern target can be 75k in coming 6months
Potential double bottom for bitcoin right now if it holds the support 55.5k. If you want you can long it here entry zone: 55.5k-56.5k take profit: 57.5k, 59, 60.5k, 62k, 63.5k stop loss: 54800 leverage: 3x to 6x
On the daily it is holding the 0.382 fib expecting a bounce if it loose this the next support zone that it must hold is 53.7k-54.5 . Which if not hold i will turn bearish. Don't enter in trades for now wait and see the market for now. also a good support at 56k-56.5k (like if you love the idea and follow for more)
BOUGHT some BTC at 57000. First target 63000 and second will be near 67000 and final 70k. But the pattern was BEARISH EXPANDING for few days i will go for LONG. Ideas for learning Only. If you find this helpful and want more trading/Investment Ideas. Please show your support back, LIKE & COMMENT
follow for intraday trades comment your views if youve query or different approach for trading btcusd the explanation is drawn on charts and tried to keep it simple entry and exit will be based on personal techniques
This is the bullish signal because its a reverse head and shoulder.
* 1.618 XABCD * about to break the trendline * 60k strong resistance level * strong negative divergence on 4 HR * bollinger band blasted on 1 hr * consolidation break on 1 HR * corrective candlesticks HEKIN ASHI
BTC has given upper breakout from wedge pattern, Buy on support green candle
My BTC construction 1. schiff pitchfork {1st price bar - 29222.23} {2nd- 52864.23} {3rd- 43314.23} 2. channel overlap - the mid zone was drawn from 7 sept data and then cloned both up and down on exact top and bottom from mid zone 3. Basic price action and pattern on 15 mins to trade entry