BTCM2023 trade ideas
extending the bitcoin patternpublishing herewith my idea about parallel channel its breakout and how it could be extended
Bitcoin Futures GapThe red fall has not been covered, the green rise has not been covered, and the gray-white rise and fall has been covered. The red horizontal line is the K-line gap caused by the rise in the past two years ago, and the green horizontal line is the K-line gap caused by the decline in the past year. , The gray and white lines are all the gaps that have been filled in the history of Bitcoin. The low price of the red line is more than the high price of the green line. The probability of filling the gap in history is 90%~100%. It is only a matter of time before the gap is filled. The thick line in the picture is a big gap, and the thin line is a small gap. The lines in this picture can be used for a long time.
Want to see double top reversal ==> Here it is Bitcoin!!!!Double Top in Bitcoin
Crypto market has shown bull and bear cycle in very short span of time.
From rising from 10000 usd to 69000 usd and from 69000 usd to 16000 usd in span of around 2.1 years
I think it is fastest reversal of any new tradable market.
Double top means making almost two equal highs and failure of bull to make new high while bears pressure of continuous selling makes this pattern.
Neckline is where bitcoin has taken support as seen in chart.
Generally target from top to neckline is expected in double top.
Let us see whether bitcoin makes new low from now to reach target as marked in chart.
Bitcoin- Down and then upBitcoin is expected to make a move upto 12K levels very soon. There can be a bounce back till 18K post but till it is below 22K on WCB, it is not a buy at all.
Bitcoin reversal from $10.000-$12.000Based on the fork, the trend continued to move down. But the bottom is near. It will reverse after breaking above the fork. The bottom can from between $10.000-$12.000 area.
This is my personal opinion, trade at your own riskIt is standing on a healing spot, which I see can go up in the next few months
falling wedge patternbitcoin falling wedge pattern with bullish rsi divergence. if previous low is protected and if crosses trend line then it can give good bounce upto 24400.
BTC CHART After breakdown from the head and shoulder pattern on daily chart bitcoin got the breakdown started and settled at 20k level but we are the time where we are ready to step more down to 8-9k level in the short term 9k is the demand zone i hope the 9k zone will start a new bull wave towards the sky but for now be ready to move down to 9k once we break below 17k level we can see a free fall to 9k level .I HOPE THE BEST.
Bitcoin current levels, New Support, New Resistance. Yellow line is trend line, Blue line shows support and resistance. price must go up and take support from current trend line for starting a up trend so we can buy blindly with shortest sl of 1/2%.
BITCOIN - End of the Road or a New Bull Run?BITCOIN - End of the Road or a New Bull Run?
Spectacular run over for now.
Needs to Hold 14100-17700 for upmove. - Will it retest 28800?
Below it 3700 possible? (does not seem to be on the cards for now).
btc analysisso beautifully playing out the ascending triangle
is this new sign of bull market may be!!
if we break the resistance and cross the 25k range we may see btc in new ranges that can be 30-40k
which will lead to pump of many altcoins one by one with Ethereum
Bitcoin daily chart on CME
Bitcoin daily chart on CME - we are in a weak bullish channel with a Doji Star on the red arrow giving the signal for the reversal.
At the moment falling to 2 possible prices 1- 22,190.00 dollars Fibo 61.8 of the last high leg and the other target is 21,095.00 which is the mejure move ABC.
Note we are close to the main bearish trendline. We can see this channel being a possible bearish flag setup.
When it hits this trendline, it can break up and go for $30,000.00 or it can fall and go for $17,500.00 to $18,500.00
Not to financial advice.
Bitcoin on CME daily chart.
Bitcoin on CME daily chart shows price in a bullish reversal channel.
It is on track to meet the downtrend line between $22K to $26K by the 7th of September to the 3rd of October to try to break up.
The chance of breaking this trendline is less than the chance of failing and continuing to fall,
but it can happen. If we follow the path of inertia we can go for the bottom of the range at 18,500 dollars.
If it breaks up, it will get the 28,185 dollars.
Bitcoin on weekly TF Bitcoin is trading at a crucial level. A reversal may come but if fails to sustained at this level then 5957 level may see .
For learning purposes only.
bitcoin 12.07.2022: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
Bitcoins at a glanceWeekly TF.
As per harmonic level marked.
Currently trading in PRZ area..
A pull back may come.
For learning purposes only.
in this case i think the path that i draw shows the wayin this case i think the path that i draw shows the way and we have golden time to buy my method is working perhaps it has some delay or action before or after the lines but it my opinion its good idea
btc upcoming level only just for educational use only Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
BTC possible movesSeems BTC is doing `c` of abc. After this we can anticipate min an x wave till previous high or a 3rd wave.
Will Bitcoin hit 40k in the coming weeks?Bitcoin made two breakout attempts recently. The second breakout failed and this failure is indicative of more downside in the coming days.
Supports that are well in target are just 6 to 8% away and lie close to 49k to 50k. A strong support of rising 200ma is well in sight. This range seems like a good support zone. The confluence of trend line support and moving average may well lead to a short term bounce from this lower range up to 56k.
But I truly wonder if the support zone near 50k is going to hold for long. To me a high probability of 40k exists, yet that can only become likely if the support range of 49k to 52k gives away.
Why does 40k that seems a fair probability?
Generally two quick attempts at the upward breakout have lead to selling pressure. Often it's been seen that if a quick second breakout fails, such failure may very likely to lead to a strong move in the opposite direction of the breakout.
With that being said, let's see how the price action shapes out in the coming weeks ahead.
