i changed my weekly accumlation zone that is shown in my previous analysis for btc/usd.
in this new zone i will enter only 50% of position and rest on positions in the second zone from previous analysis.
These tight ranges often result in a one-sided moment. Considering the current sentiments, there is concord among market participants about what the future holds for crypto, which is reflected in the price moment.
Resistance: 44k-49k
Support: 37-38 K
Bullish View on BTCUSDT
Trade:
Buy BTCUSDT Perpetual Future @ $42800
Sell (2x) 43600 Call option of 30 December expiry @ $150 each
Stop Loss: Spot level = $42500
Target: Spot level of $43600
Max Profit: $1100/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot...
Price is Out of regression channel & breakout is upward, that shows the strength of the trend But the now price has reached juncture where it could face a resistance
BINANCE:BTCUSDT is approaching higher levels after a prolonged wait. According to the current trend, BTC is likely to reach $39000, possibly even $40000 by the end of this month, followed by a correction to the $34000 range.
This could be the last opportunity to maximize the benefits of the upcoming bull run. Starting in mid-December, a significant capital...
Many retail investors are most bullish in past two three months but if we back test a history data of btc does before 45 to 50 % crash . 2024 halving date April we all know but whales couldn't do massive pump like +70k$ .ass per the history if we talk in about every bear market create bear market bottom then make a bull market 0.5 to.068 golden zone then started a...
#BITCOIN Daily Chart Analysis
As per 1-day chart Analysis of CRYPTOCAP:BTC , still it will be moving perfectly as per Broadening Wedge Pattern from last Lower-Low point of $15.5k on Nov. 2022 and before #Halving of Bitcoin its final downtrend cycle goes towards completion and it will be projecting towards BER:33K to $30k cut-off for its final Lower cut-off...
Bitcoin after having massive rally & has reached target as expected on my previous post, moving on to the current formation has forming ascending channel to make a movement to the downside.
Looking short on $BTCUSDT. Expecting a small bounce before a potential drop, as the bulls seem weak. Spot BTC ETF third deadline today, Probably won't get approved today. 35k soon. Lets see!
Previous day:
VAH: $37944
POC: $37591
VAL : $36287
Date: 17 Nov 2023
#BITCOIN Weekly Chart Analysis
As per Weekly movements, MIL:BTC moving towards $38k to FWB:48K ( May be chances to break-out $50k again 8th time in history), but before #Halving once it will be take a reversal towards $30k also last time to book profits by Whalers in this cycle.
So, Ready for that last ride of last downtrend cycle before #BullRun Starts...
1. Rising Wedge - Continuation Pattern, consider as bearish, often perish to breakdown, usually forms over 3-6 months.
2. No sign of Divergence, trend is bullish
3. Strong Momentum
4. Lack of Volume
What could happen?
Pullback towards 30K or Sideways movement
