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BTCBUSD

BTC - The price will eventually come back down!Here's a quick look at the 8 hr BTC chart. As we can see, the price has been oscillating within the bigger broadening wedge. This kind of price action is tough to predict. The CPI data came in low at 6.0%, which pumped the whole market. With a series of lower lows and higher highs, the bulls and bears are getting rekt simultaneously! If the price stays within the broadening wedge , the next logical move would be to the downside! But you never know! Also, watch the history of CME gaps - They've always been filled! The overall sentiment isn't bullish, so these gaps are expected to get filled in the short term! ------------------------------------------- Key Dates to Watch in March: 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
30
BTC - The price will eventually come back down!Here's a quick look at the 12 hr. BTC chart. As observed, the price has yet to break out of the broadening wedge pattern. The oscillation of lower lows and higher highs has resulted in losses for both the bulls and bears. If the price remains within the broadening wedge, a probable move to the downside may occur, though there is always uncertainty. Additionally, the historical trend indicates that CME gaps have always been filled, and given the bearish sentiment in the market, these gaps are likely to be filled in the near term. The presence of CME and Fair Value gaps below the current price suggests an eventual correction in the downward direction. Furthermore, the overall market sentiment is not bullish, and the possibility of a black swan event remains! It is worth noting that the price of BTC is closely linked to the DXY index, and a rebound in DXY from its current level could lead to a decrease in BTC price. In conclusion, the price will eventually fill the CME and Fair Value gaps by correcting downwards. ------------------------------------------- Key Dates to Watch in March: 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
by MBM_Crypto
7
Bitcoin Analyze (Short Term, 1-hour Time Frame,03/22/2023)!!!Bitcoin formed an ascending triangle but failed to break the upper line of this triangle and created a 🐮bull trap🐮. I expect Bitcoin to go down to the 🟢support zone ($26,980-$26,780)🟢 and most likely break this zone. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
22
BTC - last push to 29k and then down! Here's a quick look at the 1 hr. BTC chart. As we can see, the price is currently forming a bear flag, a bearish pattern, and a decisive move could be around the corner! We may see a push to 29k to close the CME gap. Any decision by the Federal Reserve to increase interest rates by 50 basis points would likely result in a considerable market downturn. So, it would be advisable to closely monitor the outcome of the upcoming FOMC meeting tomorrow. The existence of CME- and Fair Value gaps below the current price implies an eventual downward correction. Moreover, the overall sentiment is not bullish, and the possibility of an unforeseeable black swan event remains! ------------------------------------------- Key Dates to Watch in March: 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
19
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/19/2023)!!!It seems that Bitcoin has used two classic patterns of Double Top and Fan Principle at the Bottom patterns to fill the first upper CME Gap. I expect Bitcoin to completely fill the upper CME gap after breaking the third line of the Fan Principle at the Bottom pattern and most likely fall again. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
19
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/20/2023)!!!It seems that the story of filling the 🔵CME Gap🔵, which Bitcoin tried to fill for several days, is coming to an end. It seems that gap filling is happening by 🟣bearish AB=CD harmonic pattern🟣. Point D of the bearish AB=CD harmonic pattern will most likely end at the end of the gap and on the 🔴resistance line🔴. I expect Bitcoin to decline to the 🟢support line🟢 and then the 🟢support zone ($26,980-$26,780)🟢. 🔔In general, because Bitcoin reaches the 🔴heavy resistance zone ($32,400-28,120)🔴 for the first time, it is very unlikely that it will break this zone so easily, so don't take FOMO. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/21/2023)!!!Bitcoin was able to break the lower line of a 🔵symmetrical triangle 🔵and 🟢support line🟢 by a breakout candle. I expect Bitcoin will go down to the 🟢support zone ($26,980-$26,780)🟢, and It will most likely break this zone. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
13
Bitcoin Analyze (Road Map, 03/18/2023)!!!🗺️After breaking the important downward trend line, Bitcoin seems to have passed the main corrective wave A and is on the way to completing the main corrective wave B. If you are curious about the structure of the main wave A, I suggest you take a look at the following post.👇 After breaking the resistance zone, which has now become a 🟢support zone($25,260-$24,440)🟢 for Bitcoin, the Elliott wave counting scenario for Bitcoin has changed. In fact, Bitcoin is about to finish its main wave 5. Because Bitcoin has filled every CME Gap throughout its history and because it has already filled a part of this gap, it is expected to fill this gap at least completely filled and; also I used Fibonacci levels to define a zone 🔵(28,740$-$27,365 == CME Gap)🔵 for the end of wave 5 on the chart. Another reason we can confirm the new count is that we see a regular divergence(rd-)between the main wave 3 and the main wave 5. 🔔I expect Bitcoin to drop back to the 🟢support zone($25,260-$24,440)🟢after confirming the end of wave 5. 🔔In general, because Bitcoin reaches the 🔴heavy resistance zone($32,400-28,120)🔴 for the first time, it is very unlikely that it will break this zone so easily, so don't take FOMO. 🔔I drew the possible 🗺️road map of Bitcoin🗺️ in my chart. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
20
BTCBUSD 1D Chart AnalysisCurrently in the 1D BTCBUSD chart, BTC price is moving near both of the upper lines of Ascending Channel and the Expanding tringle. After some liquidity grab this may be get a downward movement. Other than that, there is a sell OB area above that levels. So price may reach to that level and then price may rejected from that level. Likewise we should consider about the next FED meeting held on 21-22 March. Trading is highly risky. Always focus about the risk management. Put less than 2% of your capital and less than 10 trades per day. 1:2 or 1:3 Risk reword ratio is appropriate. Try to keep more than 75% win rate. I'm not financial advisor. This is only for the educational purposes and not as the financial advices. Do your own research. Trade carefully. Good luck!
BShort
by kacsray
🔄Bitcoin wants to follow CME Gaps❗️❓🔄Hello dear traders. As you know, there is a sign💡 for everything in this world. For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear. In the world of cryptocurrencies, there is a sign for everything, too👌🏻. There are many ways and signs for upward and downward movements or distinguishing scam crypto projects from good ones. As you can see in this chart, Bitcoin was stuck in a downward trend for about 60 weeks, but in this post, I will examine the positive and negative signs for Bitcoin in the weekly time frame. First, let's follow the ➕ Positive ➕ signs together. ➕In the chart, it is clear that the downward trend line has been broken. ➕As mentioned in the previous posts, the Golden Cross signal has been seen in the daily time frame. ➕If the current candle closes above the resistance zone and the price of $25,214, Bitcoin has risen above its previous Lower High(LH), which will be another positive sign for Bitcoin. Now it's time to check the dramatic and ➖ Negative ➖ scenarios: ➖Losing the ⚫️Uptrend line(Monthly Time Frame)⚫️ is one of the negative signs for young Bitcoin. ➖Bitcoin is approaching its 🔴heavy resistance zone($)🔴, which can be a bad sign. ➖Bitcoin is also moving near the 🟣yearly pivot point($26,743.45)🟣. ➖And the last sign is that, as you can see in the chart, there is a 🔵divergence between price and volume🔵. Another point that Bitcoin can grow up or return to the 🟢heavy support zone($19,950-$17,530)🟢 is the presence of the CME gaps on the chart. If the weekly candle closes above the 🔴resistance zone($25,290-$24,370)🔴 (closes in about two days). Bitcoin can be expected to grow until the first gap($28,740-$27,365). If the weekly candle closes below the 🔴resistance zone($25,290-$24,370)🔴 , Bitcoin has seen a bull trap, and we can expect to touch the lower gap($21,110-$20,330). Considering all these signs I have found, I would also like to know your ideas.😊 How many of these signs did you come across❗️❓ Or according to what kind of signs do you check Bitcoin movements❗️❓ Also, if you have any questions, ask me in the comments.💬❤️
COINBASE:BTCUSD
by pejman_zwin
12
⬆️⬇️Bitcoin Scenarios⬆️⬇️Bitcoin has mocked the 🟢support zone($21,600-$20,940)🟢 in the last 4 days😂. Bitcoin reacted to the Price Reversal Zone (PRZ) ,Important support line, and 200-SMA, as I expected in the previous post (Title:➕Positive➕ and ➖Negative➖ signs of Bitcoin🤓 ) and started to grow. Bitcoin is currently moving on the 🔴resistance zone($22,640-$22,350)🔴 and downtrend line. Also, if we look at the status of the RSI indicator, we will find that the RSI is also on the downtrend line and the important line of 50%.👇 🔔According to the above explanations, Bitcoin can see two scenarios for the coming days:🔔 🔜First scenario: If Bitcoin breaks the 🔴resistance zone($22,640-$22,350)🔴and the downtrend line, we can expect Bitcoin to even touch its previous ceiling($25,250) and even go beyond it. 🔜Second scenario: If we see bearish signs in the coming hours, we can expect Bitcoin to start falling again and at least reach the low range of 🟢support zone($21,600- $20,940 )🟢. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
14
Bitcoin Analyze (Where is the end of correction!?)🧐This is Bitcoin’s chart in the monthly timeframe (Log scale). I want to talk about movements that can be similar, and I tried to find the bottom price of Bitcoin through these movements. I analyzed each significant movement and correction that Bitcoin had from the first. Bitcoin was able to make a new All-Time High (ATH) after each significant movement. 🔆In terms of time: Each major correction of Bitcoin has taken about 12-13 months since the All-Time High (ATH). 🔆In terms of price: Every major price correction of Bitcoin follows Fibonacci levels (23.6%_38.2%), and these corrections have deepened each time. Also, the price reduction percentage from the previous ATH was 86%, and 84%. If Bitcoin wants to follow the previous corrections, we can find the bottom of Bitcoin through these movements. ⏰When can the end of the current correction of Bitcoin❓⏰ According to the above details, the end of the current correction of Bitcoin can be around ⏰Nov 2022 & Jan 2023⏰. 📉Where can the end of the current correction of Bitcoin❓📉 According to the above details, the end of the current correction of Bitcoin can be 📉14800$_13000$📉 (The price retracement of every major move seems to follow Fibonacci numbers. And each time, these returns increase. It is expected, considering that the efficiency of the first move was 23.6% and the efficiency of the second move was 38.2%. This movement will experience a return of about 50%.) 🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average / Weekly Timeframe ) and SMA 200 ( Simple Moving Average / Weekly Timeframe ), some months later, Bitcoin started to rise. 🟢Recommendation🟢: If you want to verify the end of the correction, it is better to wait for a monthly candle that closes over EMA 200 ( Exponential Moving Average ). 🔆 Fundamental : Due to the ongoing war between Russia and Ukraine and the impact that this war can have on the supply of gas and electricity in Europe (increasing the cost of living in Europe), especially in winter. Also, probably the more inflation growth in the USA, it seems that the Cryptocurrency market will not have good days. In the comments, tell me your thoughts about BTC’s future scenarios and probabilities. Thanks in advance. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:BTCUSD
by pejman_zwin
6
Navigating to a Landscape of Bitcoin 🕊️Phoenix🕊️ Rebirth!!!Hi✋🏻dear traders, I'm pejman🙋🏻 and welcome🌼 to the navigation👁️ of the Bitcoin Phoenix rebirth🔥. As you know, Bitcoin has appeared as a legend in the cryptocurrency🪙world, so this currency should be described📜 as a legendary💫 bird. Bitcoin, the world's🌍 first and most popular💕 cryptocurrency, has experienced a rollercoaster🎢 of highs⬆️ and lows⬇️ over the years. Bitcoin has seen its share📈 of ups and downs, from its early days as part of the dark🌆 web to its extreme✨ mainstream popularity💰. Today I invite💌 you to watch👀 the rebirth🌋 of the Bitcoin Phoenix , and I'm🙋🏻 gonna tell my opinion🗯️ about the rise💲 of this legendary bird from its ashes♨️. In the chart📈, you can see👀 that this beautiful✨ bird formed a High⬆️ at the price of $69,000 and began to burn🔥 during this downward⬇️ trend in the weekly timeframe. As you know, the downward trend happens when the candles🕯️ can form 🔻Lower Highs(LH) and 🔻Lower Lows(LL) every time ( General definition of a downward trend ). As shown in the above chart📉, after reaching the peak⛰️ of $69,000, Bitcoin has been experiencing a price fall🔻 for less than a year and a half and is stuck👊🏻 below an important downward trend line. In the last few weeks, Bitcoin has been able to break💥 this important downward🔻 trend line to the top🔝, which could be a positive✅ sign for the rebirth🍀 sparks✨ of the young Bitcoin. The next sign❇️ is that Bitcoin was able to form one of the essential bullish🟢 signals in the financial markets yesterday, the golden🟡 cross. A Golden🟡 Cross is a basic technical indicator that occurs✔️ in the market when a short-term moving average (50-day) of an asset rises☝🏻 above a long-term moving average ( 200-day ). When traders🤑 see a Golden Cross occur, they take this chart pattern as indicative of a strong bull🟢 market. The next sign for this spark💥 and confirmation✅ of the bullish🟢 market's beginning is that Bitcoin can close a candle🕯️ above its previous Lower High(LH). In addition, as you can see👀, the RSI indicator has crossed the 50% line in the weekly timeframe📅 and rose higher🔺. The RSI also can pull back to the 50% line and increase again.👇 According to these signs👌🏻, I expect Bitcoin to decrease🔻 to the Support zone($21870-$20870)🟢, and this price falling⬇️ can be like a pullback and a tribute to this zone. After that, I expect it to grow💸 to the heavy Resistance zone($31820-$26550)🔴, which is probably our target🎯 price can be around the yearly pivot point, In the future👌🏻. Maybe this young bird🕊️ will set the market on fire🔥 and be born again. But be patient my friends🙏🏻. Bill Gates says: ‘’Patience is a key🔑 element of success💪🏻’’. Also, if you are interested in seeing my Bitcoin 🗺️Road map🗺️ drawn using Elliott's theory, be sure to visit the following post.👇 Remember✋🏻 to consult with experienced people, do a lot of research🔍, and be cautious in any investment💰 or financial decisions; Because Discretion is the most significant👌🏻 part of valor. If you have any ideas💡 or questions❓, I'll gladly answer them in the comments💬. Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
16
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/16/2023)!!!Bitcoin analysis has been like a 🧩 puzzle 🧩 to me for the past two days (It has always been a pleasure for me😉). During the last two days, Bitcoin has been able to make a rectangle pattern, so Bitcoin has reacted well to the upper and lower lines of the rectangle pattern. Also, according to the theory of Elliott waves, it seems that Bitcoin has succeeded in forming a Regular flat pattern (ABC/3-3/5) inside the rectangular pattern so that wave C has completed above the rectangular pattern and the ascending channel. I expect Bitcoin to at least fall to the lower line of the rectangle pattern after breaking the ascending channel and most likely succeed in breaking the lower line this time. ❗️ Note ❗️: If Bitcoin manages to break the upper line of the rectangle pattern, the scenario will change. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
13
BTC - A very hard market to predict!Here's a quick look at the 8 hr BTC chart. As we can see, the price has been oscillating within the bigger broadening wedge. This kind of price action is tough to predict. The CPI data came in low at 6.0%, which pumped the whole market. With a series of lower lows and higher highs, the bulls and bears are getting rekt simultaneously! If the price stays within the broadening wedge, the next logical move would be to the downside! But you never know! Also, the fair value gaps will get filled at some point. Therefore we should expect a move to these levels at some point! ------------------------------------------- Key Dates to Watch in March: 15 Mar: PPI Data Release 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
by MBM_Crypto
17
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/15/2023)!!!Bitcoin is breaking the support line. After confirming the break of the support line, we can confirm the end of the Double Three Correction(WXY). I expect Bitcoin to follow the way I have outlined on the chart over the next few hours. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
Bitcoin Analyze (Short Term, 1-hour Time Frame,03/15/2023)!!!To start this post, I suggest you read the Bitcoin Roadmap that I shared with you yesterday.👇 Bitcoin was moving in an ascending channel to complete main wave A, and breaking the 🔴resistance zone($25,250-$24,440)🔴 ahead was far from expectation. Regarding to CPI announcement published by The Fed, we witnessed a 🐮Bull trap🐮 that ended above the ascending channel and near the resistance line and PRZ . Then the Bitcoin fell. After the ascending channel breaks, we can almost confirm the end of main wave A. Bitcoin is also likely to form a Head and Shoulders Pattern (Head = 🐮Bull trap🐮). So, After a pull back to ascending channel, I expect Bitcoin to move towards the 🟢support zone($21,600-$20,940)🟢 over time or with a Sharpie mode. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
Thread: Has BTC Bottomed?Hey All, Welcome to another year of crypto. 2022 was full of bears and shocking developments in the space! 2023 has promise to be much better in terms of price growth. It's been nearly a year since I last posted on TradingView and for good reason. My last 4 analysis' were warning of the bearish year to come and it turned out to be just that. (please refer to the related ideas below for an overview of them). Some signs have started to print that the crypto markets have been severely reset and may be soon experiencing a trend change. There has been little to no revival for most of the markets since highs were set over a year ago. While looking at the above chart, two white trends can be seen which create a channel like structure. Each time price has hit either trend, a strong reaction has occurred and often a significant bottom or top formed. Right now, BTC is laying on the bottom trend. The area has other confluence as well. There is a major support zone here. BTC has just bounced off its 2000 day bottom trend line for the sixth time. Any break below the bottom trend and into the major support zone can be catastrophic. $12,000 would likely be the next support area . $10,000 is a level that cannot break. If it does, crypto will be sent on a wild ride with nearly all important technical points void. This is a very unlikely scenario. Below I have added a few technical points to highlight a well rounded view. Thanks for reading Please like and comment!
INDEX:BTCUSD
by traderview2
Head & shoulders pattern - Not a bullish outlook! - BTCHere's a quick look at the 8 hr BTC chart. As we can see, the price has recently printed a Head & shoulder pattern. The head and shoulder pattern Is a bearish chart pattern with a high probability of breaking lower! The market will take a hit if inflation is 6.4% or higher. Therefore keep an eye on the CPI data release! If you're in a Long trade, a break below the neckline should be your exit/sell. Also, the price has printed a massive fair value gap, which will likely be filled very soon. At the same time, the price has also printed a Big CME gap between 20k and 21k. There's a lot of FUD atm due to the collapse of the silicon valley bank. I'm expecting a move lower to at least 18k after the CPI data release - I may be wrong! Trade safe! ------------------------------------------- Key Dates to Watch in March: 14 Mar: CPI Data Release 15 Mar: PPI Data Release 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- What's a Fair Value Gap?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders. ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
20
Bitcoin Analyze (Road Map, 03/13/2023)!!!🗺️Hi everyone.👋 Because Bitcoin grew by more than 😱20%😱 in the last 24 hours. I decided to update the roadmap I shared with you on Feb 26.👇 Better first, let's take a look at the fundamental reason for Bitcoin's rise: Fundamental : Why are Bitcoin and Crypto Prices Rising❗️❓ After the recent collapse of Silicon Valley bank and the domino effect falling upon Signature Bank due to the Federal Reserve raising interest rates, Fed gave an announcement stating decisive actions to protect the US economy. Fed’s plan is to do this by increasing the USD liquidity and have bailed SVB out of short liquidity. Increased USD liquidity means an increase in taking risks by investors which has caused a bullish sentiment on the complete cryptocurrency market. Bitcoin and other cryptocurrencies have rallied in response to the United States Federal Reserve's injection of liquidity into the economy. 🔓Here are the main factors that caused this reaction by the market:🔓 Fed bails out Silicon Valley Bank depositors Speculation gathers over Fed interest rate "pivot" BTC price jumps to $24K in blistering comeback USDC looks to regain $1 peg Sentiment rebounds as "short squeeze" risk rises ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Technical : Now let's take a look at the possible 🗺️roadmap🗺️ of Bitcoin: Bitcoin completed the main wave A with the Double Three Correction structure(WXY) so that the end of wave A played the role of a bear trap for traders. It seems that the main wave B has a zigzag correction(ABC/5-3-5) structure due to the sharpie of microwave A (5 microwaves)from the main wave B. I expect microwave B from the main wave B to touch the 🟢support zone($21,600-$20,940)🟢 again and the main wave B to finish in the areas I have 🎯marked🎯on the chart. Bitcoin Analyze ( BTCUSDT ), 4-hours time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
14