BTC Short setup for 04-12-2024 Looking for the short setup from two point of zone.
First zone is at 97k and second one is at 97800 levels as marked in chart.
BTC seems changing the direction for the shortterm correction till 87-85k levels.
Entries would be identified after finding the reversal setup as mentioned in the chart.
Trade with right risk and reward.
This is shared only for the educational purpose.
BTCETH.P trade ideas
Bitcoin Bybit chart analysis December 2
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This is the Bitcoin 30-minute chart.
It's a very tiring day.
There's a NASDAQ index announcement at 12 o'clock in a little while.
As per the comment at the bottom of the analysis article on the 29th,
I'll proceed with a manly chase purchase.
The purple finger on the lower left is 95,410 dollars. I'll proceed with the strategy as is.
This is the real-time entry price at 10:15 PM today.
Also, since this is a strategy that was carried out recklessly without a plan,
the probability of success may drop significantly,
so please refer to it and use it or just as a real-time scout.
* When the blue finger moves,
Two-way neutral
Short-> Long switching strategy
- Since I'm chasing 95,410 dollars,
I'll cut my loss if it deviates from the purple support line from the current position.
1. 97406.5 dollars short position entry section / stop loss price when breaking through the red resistance line or touching the top section
2. 96120.5 dollars long position switching / using the purple support line and autonomous stop loss price
The final long position target price is ->Top ->Gap8.
If it falls after touching the first section at the top,
there is a possibility of a strong decline.
The movement within the 2nd and 3rd sections that I have indicated is a sideways movement,
but the 3rd section is the second touch in the 6+12 section,
so I do not recommend it.
The bottom section is the single touch of the center line of the Bollinger Band daily chart.
In fact, I considered this section important today.
This is because the main stock, Nasdaq, continues to touch this section,
and I will check the movement and the pattern of this section after today.
Although there was a strong adjustment in the morning,
Bit was falling in a place without a justification,
and the downward pattern that I think of did not appear,
and the upward trend is also strong on the Ichimoku Kinko Hyo.
The main sections are still positive, and the signals are good.
All transactions are basically trend-following.
Also, there is a possibility of an increase in Nasdaq,
and the mid-term pattern in the 6+12 section has not been broken,
so it seems to have a sufficient chance of winning,
but the difficulty of today's strategy is
After the chase purchase,
all short -> long switching must be successful without cutting losses.
The 97.4K short position switching section at the top
is a place with a justification, and if it breaks through, an additional upward trend may occur.
Also, as I explained in the afternoon,
If the high or low point in the current box is not broken,
you can operate the altcoin in the same way at the long position entry point.
Up to this point, I hope you only use my analysis for reference and use.
Personally, I hope it doesn't turn out perfect.
It takes too long to make,
and even if I work hard, I feel like I only get hated.
Thank you for waiting until late at night.
Thank you for your hard work.
Bitcoin buy on dip until 9400 not break upmove Target on chartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Inverted Head & Shoulders Early Entry SetupTimeframe: 15 Minutes
Analysis Type: Technical
Pattern Overview
The chart highlights a bullish Inverted Head & Shoulders (H&S) pattern, signaling a potential trend reversal. Key components include:
Left Shoulder : Formed near $94,800.
Head : Created at the low of $93,500.
Right Shoulder : Developing near $94,500-$94,800.
The neckline is at $96,000, representing significant resistance and a breakout trigger level.
Key Zones
Order Block (OB):
Bullish OB between $94,348 and $95,000, acting as a critical support zone.
Sell OB or Liquidity Zone:
Resistance near $99,000, identified as a profit-taking or liquidity grab area.
Trade Plan
Entry Condition:
Enter the trade after a confirmed breakout of the descending channel and a strong close above $96,000.
Note: Entry price may vary depending on where the breakout occurs.
Stop Loss (SL):
Place the stop-loss below the bullish order block or recent swing low. This level may vary based on where the breakout happens.
Take Profit (TP):
Target 1: $99,000 (Sell OB/Liquidity Zone).
Target 2: $103,000 (Measured Move of H&S pattern breakout).
Risk Management
Reward-to-Risk Ratio (RRR): Approximately 3:1 for TP1 and 5:1 for TP2.
Adjust position size based on the distance between your entry and stop-loss levels.
Supporting Indicators
Descending Channel Breakout: A breakout confirms bullish momentum and pattern validation.
RSI Divergence: Check for bullish divergence to strengthen the reversal signal.
Expected Path
The price may retest the order block ($94,348–$95,000) before surging towards the neckline ($96,000).
Upon breaking the neckline, expect the price to target $99,000 initially and potentially $103,000.
Disclaimer: Entry price and stop-loss levels depend on the point of breakout. Always perform your due diligence and adjust based on real-time market conditions.
Bitcoin Bybit chart analysis November 29Hello
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This is the Bitcoin 30-minute chart.
Nasdaq has no indicators and closes early at 3 a.m.
If you look at the bottom left,
the purple finger is $95,021.5.
I connected the long position strategy I entered yesterday.
I almost died trying to leave the movement path including the weekend and the main drawing on one page.
Please look for Miracle above Great.
Bitcoin is in an upward trend,
but I was thinking about whether to chase it today,
and decided to proceed safely.
*Red finger movement path
One-way long position strategy
1. $96457 long position entry section / stop loss price when green support line is broken
or stop loss price when section 1 is touched
(There is a possibility of sideways movement including weekends, and the price range is large up to section 1.
Until section 1, it is a safe section for long positions due to strong increase,
but as an analyst, I held it tighter because my pride could be hurt.
I bet on a vertical increase unconditionally.)
2. Top section 1st target -> $99415 Gap section 2nd target
Here, since I have to express the weekend movement path,
I intentionally displayed the final target price up to the Gap.
The reason is probably because of the long position re-entry at the end, right?
From the Good section breakthrough, you can see that the altcoin bullish train has left
There is a Miracle section hidden above the Great
So if it breaks through, please refer to it.
Since the 2nd section is a 1+4 section
Even if it moves sideways, if you keep this weekend trend
Bitcoin and all altcoins are safe, so please refer to it.
Those who are going to buy altcoins today
I hope you have a good shopping experience with stocks that have good trading volume and names that do not pump
I burned it white today
I organized it in a haphazard manner because I had an evening appointment
I hope it was helpful.
Up to this point
Please just refer to and use my analysis
I hope you operate safely with principle trading and loss cut prices.
Thank you for your hard work this week.
Bitcoin going to complete this head and shoulder pattern in Bitcoin at a Critical Juncture: Support or Head and Shoulders Formation?
Bitcoin is currently at a pivotal level, testing the neckline of a potential head and shoulders pattern. Here’s what traders should watch for:
Scenario 1: Bounce from the Neckline (Bullish Case)
If Bitcoin holds support at the neckline, we could see a strong rebound.
A successful bounce might lead BTC to retest resistance levels, potentially paving the way for a rally.
Key levels to watch:
Support: $96800 (neckline)
Resistance: $98100
Scenario 2: Breakdown and Completion of the Head and Shoulders Pattern (Bearish to Bullish Case)
If Bitcoin breaks below the neckline with strong volume, the head and shoulders pattern will likely play out.
This could trigger a further decline to the measured move target, offering a possible buy-the-dip opportunity at lower levels.
After completing the pattern, Bitcoin may regain momentum and resume its uptrend.
Key levels to watch:
Support : 94800
BTC on the move? ... Seems soIt seems like BTC will move this time for 100k. A small lot can be bought with a long term view. Even if it falls again there should not be a big loss.
In my opinion, keeping in view the coming election and happenings all around people will find safe heaven and opportunities...
Be humble be patient and be happy 😊
Real Success Rates of the "Rising Wedge" in TradingReal Success Rates of the Rising Wedge in Trading
Introduction
The rising wedge, also known as the "rising wedge" in English, is a chart pattern that has a remarkable success rate in trading. This analysis details its performance, reliability and complementary indicators to optimize its use.
Success Rate and Performance
-Key Statistics
Overall success rate: 81% in bull markets
Average potential profit: 38% in an existing uptrend
-Breakout Direction
Bearish: 60% of cases
Bullish: 40% of cases
Contextual Reliability
Bull market: 81% success, average gain of 38%
After a downtrend: 51% success, average decline of 9%
Important Considerations
The rising wedge is generally a bearish pattern, indicating a potential reversal.
Reliability increases with the duration of the pattern formation.
Confirmation of the breakout by other indicators, especially volume, is crucial.
Complementary Indicators
-Volume
Gradual decrease during formation
Significant increase during breakout
-Oscillators
RSI (Relative Strength Index): Identifies overbought/oversold conditions
Stochastics: Detects price/indicator divergences
-Moving Averages
Crossovers: Signal trend changes
-Dynamic Support/Resistance: Confirm the validity of the wedge
-Momentum Indicators
MACD: Identifies price/indicator divergences
Momentum: Assesses the exhaustion of the trend
-Other Elements
Fibonacci Levels: Identify potential support/resistance
Japanese Candlestick Analysis: Provides indications of reversals
Conclusion
The rising wedge is a powerful tool for traders, offering a high success rate and significant profit potential. The combined use of complementary indicators increases the reliability of the signal and improves the accuracy of trading decisions. It is essential to look for a convergence of signals from multiple sources to minimize false signals and optimize trading performance.
_______________________________________________
Here are the best times to enter a trade after a rising wedge, in a professional manner:
-The confirmed breakout
Wait for the candle to close below the support line of the wedge.
Look for a significant increase in volume during the breakout to confirm its validity.
-The retest
Look for a pullback on the broken support line, which has become resistance.
Enter when the price rebounds downward on this new resistance, confirming the downtrend.
-The post-breakout consolidation
Identify the formation of a flag or pennant after the initial breakout.
Enter when this mini-formation breaks in the direction of the main downtrend.
-The confirmed divergences
Spot bearish divergences on oscillators such as the RSI or the MACD.
Enter when price confirms divergence by breaking a nearby support.
-Timing with Japanese Candlesticks
Identify bearish formations such as the Evening Star, Bearish Harami, or Dark Cloud.
Enter as soon as the next candle confirms the bearish pattern.
-Important Considerations
Always place a stop-loss to manage risk effectively.
Be patient and wait for the setup to be confirmed before entering the trade
Check the trend on higher timeframes to ensure the consistency of the trade.
Integrate the analysis of the rising wedge with other technical indicators to improve the quality of decisions.
By following these recommendations, traders can optimize their entries on rising wedges while minimizing the risk of false signals.
Bitcoin Bybit chart analysis November 28Hello
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This is the Bitcoin 30-minute chart.
Today and tomorrow, Nasdaq is closed for Thanksgiving.
It is a day when Bitcoin gains freedom,
and since there is no Nasdaq analysis, I can leave work early.
There is a section where I can bet on the candlestick,
so I cut my loss and proceeded boldly.
The purple finger on the left, $95,021.5,
is the re-entry point of the long position I took in the morning,
and I made a strategy with the same strategy as today,
cutting my loss and
with the will to die together.
*When the blue finger moves,
Two-way neutral
Long->Short->Long switching strategy
1. Pursuit purchase at $95,502 / Stop loss when the purple support line breaks and the 3rd section is touched
2. Long position 1st target at $98,379.5 -> Gdap 99,415 2nd target
If the trend dies at $98,379.5,
It would be good to use the long position re-entry point in the middle.
(Blue finger at $97,396.5)
If it reaches the gap section right away,
Short position switching and long position waiting.
(Those who have been reading the analysis diligently can see the switching point roughly, right?)
Because it proceeded with a pursuit purchase,
It can be pushed from the current position to the 2nd section,
but the short-term pattern can be broken from the 2nd touch,
so it is better to raise it right from the current position.
Also, because the candle shape can shoot strongly up or down or deviate,
You should proceed with the loss cut boldly,
and the movement within the 1st section at the top and the 3rd section at the bottom is a sideways movement.
Until the bottom, it is a downward sideways movement.
The 4th section is a single touch of the center line of the Bollinger Band daily chart.
The lowest 89,985.5 dollars is a 12+ daily section.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you focus on the current position,
with the principle trading and the loss cut price essential.
If the strategy is successful today,
from now or the 2nd section touch,
and as long as it does not deviate from the 3rd section,
it will be the best altcoin entry timing, right?
I raised the quality to the maximum because the participation rate was good today,
and burned my soul.
Thank you for reading.
Bitcoin Bybit chart analysis November 27 Hello
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This is the Bitcoin 30-minute chart.
Nasdaq will release its indicators at 10:30.
I was very worried because the Bollinger Band 30-minute chart resistance line
was touched and then moved sideways.
First of all, the worst situation today is likely to be a crash with the 4+6+12 MACD dead cross in Nasdaq,
so you must be careful.
At the bottom left,
I connected today's strategy from the entry point of the long position at $91,816 yesterday.
* When the blue finger moves,
it is a two-way neutral
long->short switching strategy.
1. 93,123.5 dollars long position entry section / stop loss price when green support line is broken
2. 95,021.5 dollars long position 1st target -> Top section 2nd target
When reaching the top section,
After liquidating the long position, switch to a short position shortly
If only the 1st target price is reached,
It would be good to try to re-enter the long position at the daily closing by liquidating the long or modifying the stop loss price.
In fact, today's 2nd section is the most likely long position entry section,
but we proceeded aggressively based on the short-term pattern because we could miss the entry point.
The movement within the 1st and 3rd section convergence sections shown above is a sideways movement,
and you should be careful because it can be dangerous from the 3rd section breakout. It can fall strongly from the 3rd touch or the 3rd section, so
The green support line is the stop loss price
I didn't mark the double bottom in the middle to the bottom because it's a gamble.
The bottom section is the center line of the Bollinger band daily chart
(the mid-term pattern is broken)
88,248 dollars is the 12+ daily section
Since it is the place where the mid-term pattern is restored
The rebound should be strong.
Even if only the final sky blue support line is maintained today
It seems that altcoins will continue to pump in a cycle.
Since the breakthrough will be instantaneous after today,
I think it would be good to operate altcoins at the same time.
Please use my analysis article so far for reference and use only
I hope you operate safely with principle trading and stop loss prices.
Thank you.
BITCUSDENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Bitcoin Bybit chart analysis November 26Hello
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This is the Bitcoin 30-minute chart.
In a little while, at 12 o'clock, there will be a Nasdaq indicator announcement at 4 a.m.
Fortunately, Nasdaq has reached a safe zone,
but Bitcoin is the problem.
Nasdaq and Bitcoin have reached similar major candles,
but both have broken mid-term patterns.
In the case of Tether dominance,
since there is no proper resistance line after the upward trend,
it is impossible to draw.
(There must be a sweep or gradual adjustment to fall)
I proceeded with the most conservative strategy at the current location.
* In the case of the blue finger movement path,
it is a two-way neutral
short->long switching strategy.
1. 94,037 dollars short position entry section / stop loss price when orange resistance line is broken
2. 91,816 dollars long position switching / stop loss price when purple support line is broken
or when section 2 is touched
3. 95,024.5 dollars long position 1st target -> Top section 2nd target
After short position switching when reaching the top section
Autonomous long position re-entry section at daily closing price
After vertical decline around 3 PM
Still falling stepwise without any wave or entry point.
Section 1 at the top is the best short vertical decline section.
(Be careful as it can be a 5-minute trend reversal point and a plunge point)
You have to break through this section to succeed in the strategy
and it becomes a somewhat safe section. Also, a downward or strangely shaped upward wave can come out from the current position,
but it seems okay until the purple support line is damaged,
and it can fall downward from the second section touch,
so it would be better to maintain the current position without touching it if possible.
The bottom is the single touch point of the center line of the Bollinger Band daily chart.
The lowest 87,675 dollars is
where the 12 + daily pattern is restored.
It seems advantageous to operate altcoins according to the rebound today.
It may flow downward,
so rather than entering right away,
it seems advantageous to operate from the long position entry after the successful rebound (5-minute trend change).
I ask that you simply refer to and use my analysis so far,
and do not forget the principle trading and stop loss price,
and operate safely.
It was completely burned from Monday.
Thank you for reading.
Bitcoin Bybit chart analysis November 25Hello
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Here is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
At the bottom left is the bottom section where the last rebound occurred in the analysis article on the 22nd.
*Red finger movement path
Long position strategy
1. $98,238 long position entry section / stop loss price when the purple support line is broken
2. $100,284.5 long position 1st target -> Good 2nd target
After long position profit cut in the middle, it is the autonomous re-entry section.
Today, there is a gap section at the top and it is in an upward trend,
so I ignored the daily chart MACD dead cross.
The movement is sideways within the gap section at the top / section 1 at the bottom.
Up to this point,
I ask that you simply use my analysis article for reference and
and operate safely with principle trading and stop loss prices.
Thank you.
BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD
UP MOVE WITH 1:8 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
$BTC Bearish Divergence Signals Potential Correction to $77K GAP#Bitcoin is showing clear bearish divergence, suggesting a potential correction ahead.
The price may drop to the $77,000 level to fill the CME gap, with major support around $74,000.
Traders should monitor these key levels for potential opportunities and confirmation of a reversal.
Key Levels:
Resistance: $100,000
Potential Gap Fill: $77,000
Major Support Zone: $74,000
📉 Plan: Look for bearish confirmation and assess risk at key support areas.
If CRYPTOCAP:BTC reclaims support, it could trigger a rebound.
The flag pattern The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.
Key Takeaways
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole).
Flag patterns are accompanied by representative volume indicators as well as price action.
Flag patterns signify trend reversals or breakouts after a period of consolidation.
Bitcoin Bybit chart analysis November 22Hello
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be released at 10:45 in a little while.
Today's Nasdaq crash is the key,
but based on analysis, there is a possibility that there will be an upward wave from below rather than a crash.
Even if I miss the entry point today,
I continued to worry about whether I should go stable,
and concluded that it is the safest way.
Please read the analysis in detail.
The bottom left is yesterday's bottom section,
and I created today's strategy with the condition of maintaining a long position.
*Red finger movement path
Long position strategy
1. $98,245 long position entry section / cut-off price when green support line is broken
2. Top section $100,284.5 1st target -> Good 2nd target -> Great 3rd target
(If you drag to the top, you will see the Great price.)
Orange resistance line 1st at the top / green support line 2nd at the bottom
Sideways until the convergence section.
In today's analysis,
the most important part is that it can be pushed to the 2nd section of the green support line.
I was worried because there is a certain price range,
but I think it would be good for beginners to use split purchases according to real-time Nasdaq movements or prepare for the final lower tail rebound.
If there is a rebound within the purple support line as planned,
the pattern is clean and not broken,
but since the 2-hour chart MACD dead cross is imprinted,
even if it goes up, I focused on a strong rise rather than a surge.
It is still a safe zone in terms of the pattern,
and if it doesn't deviate to the final sky blue support line,
it can continue to hold on because the upward trend is strong.
The 100K that seemed like a dream is finally in sight.
In the case of sideways movement, there may continue to be good movements in altcoins over the weekend,
so I hope you harvest well as much as you have worked hard.
If the one that originally went up goes up well,
and Ripple loses strength,
in the majors,
anyone can see that Ethereum is in order, right?
Up to this point, please just refer to and use my analysis,
and I hope you operate safely with principle trading and stop loss prices.
You worked hard this week too.
Thank you.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN 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 Bull Run Setup Commentary and Technical Analysis - Bitcoin is currently trading at 97,481 down 2.3% from its recent high
- Bitcoin has huge imbalances printed and the mitigation has not yet happened
- Inefficiencies and Fair Value Gaps left to be tapped: 81,000$ & 77,000$
- Spot Bidding at these zones presents a very conservative entry and one impulsive move can yield 30-40% in a quarter.
- Swinging at these zones from a Risk:Reward perspective is also going to be highly favourable
- This business is all about speculation and condensing macros along, DXY is breaking out huge, moreover, BTC might print 100k or above that's a psychological target for many but don't forget the risk involved in entering here if BTC falls by 20% straight due to a negative catalyst.
- Chicago Mercantile EX gap lays at 77,000$ that can soon get filled
- Ethereum is a better play when compared to BTC.