BTC Trade Setup IdeaWhile the market is in buying zone, The low which is the support now is strong that is why price is unable to break for the down move + market sustained a lot before this move so it might be so hard to break below and easy to go above. Overall market is bullish.Longby Nova01122
BTC | 1H: Today PlanLooking to short it. We'll go sideways a bit and then dump it. Here is what I'm looking for in $BTC. Happy Weekend everyone! Previous day: VAH: $30323 POC: $30078 VAL : $30040 Date: 8 July 2023by femtoxbtUpdated 7
BTC | 1H: Today PlanShort closed for +1.2R. I don't like short here. Now flip to long and Send to 31k. CRYPTOCAP:BTC still holding well at $30,000. Flash dump also possible, But I'm Bullish. GL! Previous day: VAH: $30351 POC: $30264 VAL : $30225 Date: 10 July 2023by femtoxbtUpdated 7
BTCUSDT LONGExpecting BTCUSDT to touch UPPER SECONDARY TEST level soon. CAUTION Please consult your personal financial advisor before investing. I am not responsible for your gains (or) losses if anyLongby ajithchand-bhandaari1
BTC trade Setup Key LevelsBTC Trade Setup Here is the support of 30300. If the support breaks below, we might see the downfall till 30000. the resistance on above is 30600 very strong. Shortby Nova01121
BTC Trade SetupA trendline is going to break for bullish movement, swings are showing higher high.Longby Nova01120
Understanding Price Action and Volume in TradingIntroduction: In trading, there are two main components to consider: the psychological aspect and the technical aspect. While this tutorial will focus on the technical part, it's important to note that the psychological aspect is also crucial for trading success. In the technical realm, two key elements to prioritize are price action and volume. By understanding and analyzing these factors, traders can gain valuable insights into market dynamics. This tutorial will provide an overview of price action and volume and explain their significance in trading. Understanding Volume Definition of Volume: - Volume represents the number of transactions in the marketplace. - Each unit of volume indicates a single transaction (e.g., a sale). Volume as an Indicator of Strength: - Volume does not indicate the presence of more buyers or sellers. - It reveals the level of aggressiveness exhibited by buyers and sellers. - Higher volume suggests greater interest or activity at specific price levels. - Lower volume may indicate a lack of interest or support at certain levels. Auction Market Theory: - The market functions as an auction place with buyers and sellers seeking price equilibrium. - Bid and ask prices reflect the orders placed by traders and institutions. - Understanding the auction market theory helps decipher the relative strength of buyers and sellers. - Level 2 data, including bids, asks, and time and sales, provide insights into order flow. Understanding Price Action Importance of Price Action: - Price action refers to the movement and behavior of price on the charts. - Analyzing price action helps identify trends, breakouts, and reversals. - Price action reflects market sentiment and the acceptance of certain price levels. Components of Price Action: - Candlestick patterns: Analyzing the shape and structure of individual candlesticks. - Supply and demand: Evaluating imbalances between buying and selling pressure. - Support and resistance: Identifying key price levels where buyers or sellers are active. Combining Price Action and Volume: - Integrating volume analysis with price action enhances trading decisions. - Volume confirms or contradicts price movements, providing validation or cautionary signals. - Analyzing price action and volume together helps identify strength, trends, and traps. Using Indicators Properly Limitations of Indicators: - Many indicators are lagging, meaning they rely on price data to generate signals. - Price action and volume are leading indicators that provide real-time insights. Simplifying Your Trading Approach: - Remove unnecessary indicators and clutter from your charts. - Focus on price action and volume as primary tools for analysis. - Develop trading strategies and playbooks based on these essential components. Conclusion: Mastering the technical aspects of trading requires a deep understanding of price action and volume. By simplifying your approach and focusing on these key components, you can develop a solid foundation for trading success. This tutorial has provided an introductory overview of price action and volume. In subsequent lessons, we will delve into more advanced topics such as order flow and deeper levels of analysis. Remember to avoid overcomplicating your trading and always seek continuous learning and improvement.Educationby Abbhishekumr4
BTC Trade SetupHii Guys, It is me Nova, I BTC now the Trade is Bullish, which before few mins it was in range bound and broke above with the New high, We can wait once it will tests the low again of the previous swing and we might see the upward movement and bulls in few mins. wait for the perfect setup, Make sure to manage your risk and take trade with proper risk management and Risk reward ratio. Longby Nova01124
Trendline support on daily time frame of BTCIf you closely observe the chart of Bitcoin then you will find that it has retested the trendline and is taking support as well. Apart from this, it had also resisted at the RSI level, signaling that it can move a little bit down but the question arises how much? To find the answer of how much, you can take the help of Fibonacci retracement that would give the desired levels for the retracement.Longby kaushal9809504
BTCUSDT - ShortBTCUSDT is at a crucial level of 31400 which was a strong supply zone coming from Jun 2022 and it fell to 15500 levels. This zone was tested in April 2023 and it fell again from that zone till 19600. Again BTCUSDT has come to the same zone and consolidating there for last 15 days. It will interesting to see if this level gets broken or used for further selling. Watch out 31820 level on daily TF. If Candles close above this zone with a body BTC will look to continue the bull trend else look for Short opportunities in lower TF for scalping as well as positional sell. Shortby vedantadeshikaUpdated 2
BTC Trade SetupTrendline is breaking and higher high is ended, i am travelling can't write much, Take a trade if it suits your syle. I am price action trader, lot of thigs need to tell but time is limited.Shortby Nova01121
BTC trade setupMarket is back with the lower low and pushed the vwap to downside, we will see the bearish market for some time.Shortby Nova0112Updated 110
BTC trade setupBTC trade setup. We can see the higher high on the wave of structure of BTC USDT Longby Nova01120
BTCUSDT WEEKLY TIME FRAME@69198.7 All time HIGH on 08Nov2021 Marked few levels those are HIGH on weekly TF Second HIGH @48248.5 on 28March2022 Third HIGH @32446.5 on 30May2022 If market gives us a proper breakout @32446.5 then we can expect a little BULLRUN towards second high @48248.5 Right now price is between @31623.4 - @29491.1 market looks good on weekly TF Previous week candle is a DOJI CANDLE that means buying momentum is slowing down. As the BULLS lose steam BEAR regain some control into the close of the candle with selling pressure. But it can also be momentary indecision and the market may continue to move in the some direction afterward. Marked 2 POI first POI @12210.7 second POI @22998.9 this 2 POI is for BUY SIDE! If we see a Rejection or Fake Breakout @32446.5 then price will come to mitigate @22998.9 and then we can see a proper breakout @32446.5 @3621.8 All time LOW on 09March2020 WHOEVER READING THIS COMMENT YOUR THOUGHT THANK YOU! SMCLongby VIJETEJBHIMRAOTAMBARE4
Bitcoin Going to retest it's neckline before further upsideBitcoin has fallen after making recent high somewhere 31000. It has given almost more than 100% upside from recent lows. We have seen this roller coaster drive in last few months but in this Bitcoin has formed Inverse Head and Shoulder Pattern, and it has given proper breakout of it's neckline area now it is coming to retest this neckline area before any further move for upside. Well this is healthy correction, after this huge rally from down level there is always profit booking comes. Now what next? According to Chart pattern it should come to retest it's neckline area which is 25k somewhere and could take a bounce back from those level, well if it is doing as it is then that will be the best area to long for the target of 35k plus. In Weekly timeframe price is above 200-D EMA line, which is a signal of bullishness in bitcoin. We can only see disaster if it's breaking down 23k and sustain those levels in downside. But chances are very less as we seen Proper Inverse Head & Shoulder pattern at down. So this was my Analyse on BITCOIN(btcusdt) If anyone likes then please press the like, and follow button and also comment and let me know your view on this. Thankyou:))Longby TraderRahulPalUpdated 3337
Btc trade setup ideaWhile the trendline is showing resistance to btc. We can buy above the trendline break with 1:2 RRR Make sure to trade as your risk management. Like the idea so i can share more in future Longby Nova01122
BTC↘️BINANCE:BTCUSDT Weekend days btc will be consolidating maybe. Might retrace after sweeping liquidity from EQH. And then continue down↘️ Let's seeby Akshay_Gour2
BTC TRADE SETUPBTC TRADE SETUP, market is bullish but touched the resistance and gonne be take pull back we can apply on short trade .Longby Nova01122
BTC | 1H: Today PlanGM Guys. 4.Binance FUD again! Bears still have full control of #Bitcoin. Spot buyers are still declining. Looking for short around yPOC. Last day of work before the weekend, Happy Friday! Previous day: VAH: $30721 POC: $30264 VAL : $29942 Date: 7 July 2023by femtoxbt1
Can someone please explain this?Why do some charts so drops or highs such as this one. I've seen in another chart sometime around april wherein it drop to $2k and now in this one it has a high that is $138kby AqdasJ98111110
BTC trade SetupMarket is bullish but it is running towards to powerfull resistance, if the Resistance break we might see the bull trend starting but if it fails to cross above we might see the selling pressure soon. Trade as per your risk management, trail your SL and target as per the upcoming structure. & please like my setups if like else share the feedback as i am bigginer trader too. by Nova01125
BTC | 1H: Today PlanLooking for those 2 Long entries today. CRYPTOCAP:BTC Price is still in the same range. But, I'm still in favor of bulls. GL! Previous day: VAH: $30661 POC: $30437 VAL : $30213 Date: 6 July 2023by femtoxbtUpdated 9
BTC ANALYSIS 🔴BTCUSDT next target 29500 and below that 1.) formed triple top🔼 2.) RSI showing good strength in downtrend. 3.) 29500 is now a weak low which failed to break above 31500. Oh hail yeah Today's volatility day also...Stay away from any trades👀 FOMC meeting event. Shortby Akshay_GourUpdated 2