Trade ideas
Bitcoin might have to COOL-OFFBitcoin has again fallen below the recent up trend line and the relation between price movement and the RSI in hourly chart of is falling apart. But it does not mean bulls are loosing their power. Everytime the price takes a rise, it has to either take a correction or consolidate in a particular zone to cool off or balance the RSI.
Though it stands on the 100 MA, there are chances it might need the help of 200 MA to settle the score. There are chances the price of BTC might take a correction of about 2% and comes down to $63,230. Fear not, in the absence of any big on or off market activity affecting the price for negativity, the price of Bitcoin will surely bounce of the 0.618 level of Fib as this should provide 2 supports here : 200 MA and Price zone support.
At this moment, 100 MA is holding it fine and if it stays even in this zone for a few hours, it will cool off and can start its upward journey.
#Bitcoin Update On Thursday 18.07.2024#Bitcoin Update On Thursday 18.07.2024
A.O.A And Good Evening to All Brothers and Sisters!
#Bitcoin after a Good Jump. Now is Retracement a Bit. In My Yesterday Analysis I Draw Already the Support and Resistances. And Price Is Just Arround Our First Support. In The Same Place We Have Also A Weekly Trendline. And If Bitcoin Weekly Candle Close Upper That Point then It Will Be Retest.
We Have Still Low Volume on All These Moves. I Think Final Can Be Done Tomorrow.
#ALTS
Are Doing Very Well. Some of Our Signals Retrace After Good Profit. But Some Signals Start now.
Take Some Relax Put your Stoplosses on Breakeven on your Buy Trades. And Just Wait Till Tomorrow. Then We Will Follow Up With Signals.
I Wish You All Very Nice Day.
BTC looks BullishBitcoin is back in the uptrend crossing multiple Fib resistance. Latest $63,200 is a support now. RSI shows price cooling off, hence, there is ahuge chance we going to cross the FWB:65K in the next attempt in the nect 24-48 hours. Not just the 20 Moving Average but the trend line is also a support now. However MACD is showing a bit of bear movement but that is also fading off. With a little bit of jump MACD will come to support the price rise.
$BTC | Daily: HTF Plan:Strong candle closes on BINANCE:BTCUSDT . The pullback is expected before a potential pump to 68k.
The bulls are getting ready to push higher, with some significant spot market buyers entering the scene. Good luck bulls.
61k- VAL, Weekly open.
68k- Liquidation, POI.
72k- Previous month high.
#Bitcoin Update on Wednesday 17.07.2024.#Bitcoin Update on Wednesday 17.07.2024.
A.O.A and Good Morning to All Brothers and Sisters!
#Bitcoin Continue Doing Good Till Now. Just it Take Time To Break Our Resistance at 64800(Arrow#1). We Have Till Now Stable Uptrend According to Ichimoku. But Still I Mentioned here The Support And Resistances. Just Follow That.
TIME CYCLE:
According to time Cycle We Have Not To worry Till 19 of July. There Start Our First Blue Vertical Area of This Uptrend. And in That Area #Bitcoin Can Retrace or Continue Uptrend.
#ALTS
Are Doing Very Well. And All Our Signals Are In Good Profit. Allhamdollilah. And I think We Will continue Growing on #Alts Till 19 of July.
Stay Tuned And I Wish You All Very Nice Day.
BTCUSDT Technical Analysis: Higher Timeframe OutlookOn the weekly timeframe, BTCUSDT has exhibited a robust bullish trend with phases of consolidation and corrections since early 2022. The chart reveals that BTC has been trading within a parallel channel for an extended period. Historically, when BTC reaches the middle line of this channel, it either experiences a downward pullback or a breakout.
Recently, the bounce off the middle line appears to be indicating a significant bullish correction. Should BTC break above its previous all-time high (ATH) once again, there's a potential to reach a new ATH of $200k.
#Bitcoin Update on Monday 15.07.2024.#Bitcoin Update on Monday 15.07.2024
A.O.A And Good Everything To All Brothers and Sisters!!
#Bitcoin Broked Yesterday our Resistance and Looks Good In Power. And The Analysis I sent Yesterday comes True.
Now Whole Market Move In Right Direction.
I Am Sure On This Uptrend When Price Enter In Yellow Zone. Because We Have Now Just 2 Important Resistance on The Way. Arrow#3, and Arrow#1.
There Will Be Also A Retracement after Touching these Both Resistance So We Have To Be Prepare Also For That.
We Have To Put Now Our Stoplosses On Breakeven On All Buy Trade. And Hopfully #Bitcoin Will Break With Good Power All These Resistances.
Widh You All Very Nice Day
Bitcoin Parallel Price ChannelBitcoin parallel price channel, the main target is the price of the white line in each interval. The white line is an internal oscillation range, and its main function is support and resistance. The top is the target price for rising, and the bottom is the target price for falling. The top is the top, and the bottom is the bottom, and the main target is at the bottom.
#Bitcoin Update on Sunday 14.07.2024.#Bitcoin Update on Sunday 14.07.2024.
A.O.A And Good Everything To All Brothers and Sisters!
#Bitcoin Broked Our Resistance(Arrow#3) Finally and Pumped. What's Come Next.
So According to Technical Analysis Bitcoin Reverse The Trend On 4H time Frame. And We Have Several Confirmation on It.
1. We Almost Close The Weekly Candle Above the Line KJN.W and How I Mentioned In My Last Analysis That Was A Key Point.
2. We Close Weekly Candle Above Then Our Yellow Area. That's Mean Breakout is Not Confirmed.
3. #Bitcoin According To Time Cycle Make a Lower Low In Blue Area Vertical. And Thats Patent Point.
Now After All These Confirmations We Can Consider This Bullish Move Valid.
We Have To Pay Attention On next Resistances. First One Is The DailyTrendline(Arrow#2). And After That 64800(Arrow#1). If We Break Successfully Both These Resistances then New All Time High Will Be Secure.
And Based On my Old Analysis on Monthely Time Frame. My Prediction is 80700. Insha Allah
#Alts We Have Already Many Signals. But I try To Look For Another One.
I Wish You All Very Nice Sunday.
#Bitcoin Analysis on 13.07.2024. #Bitcoin Analysis on 13.07.2024
A.O.A And Good Evening to All Brothers and Sisters!!
#Bitcoin Give Some Positive Signals. And Price Try To Break Third Time Our Resistance on 4H(Arrow#1). But till now Without any Success. Maybe Now Actual Candle Can retest This Level. Last Breakout Was Again With Very Low Volume.
Bullish Move If Price Can Retest At Least the Resistance(Arrow#1,#4). And Retest Too With Good Volume.
Bearish Signals If Price Break The Trendline(Arrow#2)
But With Last Move We Have Some Space On #Alts. And We Have Opened Some Buy Signal In Gruop.
If Price Can't Maintain This Bullish Move. Then Probably We Can Hit The Stoplosses on Our Buy Trades. But Early Entry We Have To Try.
I Think till Tomorrow We Have More Confirmations.
I Wish You All All Very Nice Weekend.
Bitcoin Update on 12.07.2024Bitcoin Update on 12.07.2024
A.O.A and Good Morning to All Brothers and Sisters!!
Final Day Of Direction For This Week on #Bitcoin. Situation is Still Bearish And Here Is My Analysis for Today.
Price Is Still Under The Last Support and Resistance. In the Yellow Area. So I See A Dump Soon In Between US Market open and our Last Weekly Candle on 4H at 18 O Clock(Europe).
If Drop Where Will Be The Supports. I Mentioned All With Arrows(#2,#3,#4,#5). But The Most Important is The Arrow#1. Weekly Candle Must be Closed Upper That Level Otherwise we Start officially Bearish Move Instead Retracement on Weekly.
According to Time Cycle(Blue Vertical Area) We Are In Good And Valid Area To Print a Bottam.
#ALTS if We Close Positive The Week And Next Week We Start Bullish Move Then We Can Look For Buy Trades. And if We Close Red Weekly Candle. Then We Start Looking For Sell Trades.
I Suggest You Again To have Patience For One More Day. For Trades On #Alts.
I Wish You All Very Nice Day.
Bitcoin Update on 11.07.2024Bitcoin Update on 11.07.2024
A.O.A And Good Morning To All Brothers And Sisters!!
#Bitcoin Volatile A Bit After CPI. But Nothing New, Price Remain Still In Range. Under Last Support And Resistance. Just A Good Wick For Hitting Stoplosses on Sell Trades.
Now I Think final Moves Come Tommorow. If Bitcoin Remain In range We Have A Bit Space To Trade A Bit #Alts On Weekend.
At The Moment the Situation Look Just Brearish. But we Are Still Upper Then Yellow Area. And At This Point Opening Sell Trades On #Alts Is A Bit Risky.
I Suggest to Wait On #Alts Till Tommorow.
I Wish You All Very Nice Day