One-way long position strategy for four hours
1. $36000 Long position entry zone / Loss when breaking out of the light blue support line
2. $38000 short position
I tried to operate a little aggressively.
Please note that my analysis is merely for reference.
Please operate safely with principled trading/stop loss required.
thank you
1. Provided are the price swing levels for BTC.
2. Pivotal time candle for the stock is 11-19-23 4:45 AM showing its bearish ness right now.
3. Other swing candles for the day are
11-19-23 4:45 AM
11-19-23 9:11 AM
11-19-23 1:37 PM
11-19-23 6:03 PM
11-19-23 10:29 PM
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency....
On the Daily time frame, we can see that Bitcoin has been able to sustain the extreme bullish pump from 27K and has continued on an upward trend. However, we can see bitcoin rejecting off the 38K mark and the resistance level at $37,482. BTC seems positive from a long term standpoint. Although, we can expect BTC to stay sideways for the next few months.
I think traders may not show much interest to go long when 4th retest happens.
But we may get some benefits out of it, if 4th retest happens.
Exit with small profit too.
All the best.
Please check my idea on the coin dated 11/12/13 November 2023, wherein timing of candle of
11-16-23 11:35 PM was provided from where the price of coin will reverse and check the effect. Exactly it happened the same. (I am providing you the link to vouch the same and appreciate the level of analysis provided to you).
My time candles are so perfect that you...
As long as recent high is not breaking, price may reverse from the point as mentioned in the chart. So, NO TRADE at current market price. Traders must wait for the best price to enter.
All the best.
Hello
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Bitcoin 30-minute chart.
There will be an announcement of Nasdaq indicators at 10:30 a.m.
I have something to explain about the current...
Bitcoin has been rally since jan to presently, rising a staggering 118% from lows. Are we about to witness a massive bull run in the coming weeks?
Well, we have a major roadblock uphead. Price Between FWB:36K -40k is major resistance and until Btc breaks this zone we are still in a bearish scenario on monthly and weekly time frame.
A failure to break and close...
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It's a Bitcoinguide.
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Bitcoin 30-minute chart.
It is a one-way long position strategy.
There will be a CPI announcement shortly at 10:30.
Today, a sideways trend...
Lets see if this one plays out like its shown
We have a retest pending @32640
last years Order block top
there can be a trade
33333 to 41111
we need to retrace to retest
32640/32320/32222 zone
so there are two trades here
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
Bitcoin bybit chart analysis November 10
Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
It is a two-way neutral strategy.
There is no Nasdaq indicator...
Drawn are the two white horizontal lines on Daily Chart of BTC. This is the level wherefrom price of BTC dropped earlier. Between these two lines there should be no trade zone. This area and Candle of 11-16-23 11:35 PM is most important along with this zone. Make any decision only after this.
Disclaimer: I am not a Registered Analyst with any National or...
Please refer to my yesterday's discussion on the coin, where it was recommended to sell and it happened the same way.
Now, providing on the chart price swing levels along with next 10 time candles which will create Elliot Waves for today. Please mark high and lows of these candles and trade accordingly.
Disclaimer: I am not a Registered Analyst. Please...
