BTCUSDT Sell tradeHello traders!
This is a sell trade in BTCUSDT. According to my analysis, BTC has not completed its formation yet. So it's time to take benefit from an upcoming dip.
BTC can reverse from 38250 which is my true reversal point.
Sell entry is at 38230
Stoploss is 39000 which is -2%
Target is 32800 which is +14% of the investment
Suggested leverage is 15x
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BTCBUSD
BTCUSDT: Phase 2(Secret flip) is completedHello traders!
As I told you I was expecting a triangle pattern or a Head and shoulder pattern in phase 2 and it formed Expanding triangle pattern. This phase can move up to 38200.
Now Market is heading towards Minor S/R which is at 32123 and it's the price where the third phase will start.
The third phase will be in the form of the rising channel. This will be the final fight with bears and the breakout will not be a win of bears but it's the time when bears will be knocked out and with this fall we will start our buying.
In the previous post, I have explained why I call the second phase a secret flip. The pattern in the second phase is the reason for a rise in the market because its the pattern which gives strength to the third phase to fight with bears.
The rise will start exactly from 30900 true reversal point.
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BTC/USDTi think break out confirmed so moon coming for btc but if cant hold 47K so Hell coming for BTC , Pump or Die , 80K or 30K ..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTCBUSD ForecastDear Patrons,
The BTCBUSD is still showing a bearish move and is hoping to continue its downward trend.
Three strong support areas have been marked.
Following that, three points of resistance are identified.
The Stoch RSI is indicating that the market is oversold but it will keep this trend continuing.
The MFI is indicating that the market is in a downtrend.
Most other coins will follow the bitcoin trend.
It is still a good time for traders who love to trade short.
This idea is for educational purposes only. Feel free to share your ideas in the comments.
Remember me in your prayers.
Good Luck
BTCUSDT: First phase(hope of pull-back) is completedHello traders!
After the breakout of the supportive trendline, we can see a pattern that looks like inversed J pattern and it is attached with a supportive trendline.
It's a good sign that Inversed 'J' pattern is attached with a supportive trendline because it's a hope of pullback if it was not attached with the trendline then hoping for a pull was a waste of time.
Now the second phase is a correction pattern most probably in this phase we will see a triangle pattern. After the formation of the triangle it will break upside and as I always teach you bullish breakout is a selling opportunity so it will trap the many traders and will dump again.
In this phase, we can also see an inverted head and shoulder pattern and again breakout of the inverted H&S pattern is not a buying opportunity it's a selling opportunity. You might be confused after learning this but it's the true nature of the graph. (RIP to those who learned never-working methods online and also taught others and sometimes they also try to teach me these patterns). This single tip that I told you that breakout never works is better than most paid courses.
The second pattern is called a Secret flip pattern. It flips the market without letting anyone know because it's the second last pattern from the bottom. People only notice the last inch or last pattern but nobody notices that the true reason for reverse was a pattern that formed a few days back.
Let the second phase be completed then I will talk about the third and final phase.
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BTC in Algoland: micro counting vesus long term outlookGame plan: from 43k level take short position targeting minimally 38k, stop at 45k.
Feel free to zoom in or out this chart with ID chart/aR6LPQG1, as this new account is not allowed to insert url of charts yet.
Usually I consider micro-counting Elliott Wave not quite reliable, and frankly not necessarily and bad for my mental state. But staring at the 15min chart of bitcoin on Binance, I noticed a (5) waves up rally. After pulling out the Fibonacci levels to measure the movement, I'm yet again amazed how the nature tends to work.
Note that the price of BTC varies across different exchanges. It is a feature not a bug, a proof of the decentralization of this digital asset. So please take the price levels mentioned below with a grain of salt.
Off the low of 10-Jan-2022 around 39.6k, wave (1) rallied to 42.1k, then (2) retraced perfectly to 0.382 of (1). Wave (3) got probably the longest duration of this 5 waves and rallied to 42.6k, while (4) retraced to 41.2k. The extension of (1) (purple fibs) and the extension of (3) (azure fibs) coincide at 43.1k, which is perfectly hit by what I view as nano wave 3 of (5). I have my eyes on 43.4k as initial target of 5 of (5), it's where the 1.5 extension of (1) coincides with the 1.236 extension of (3).
Are you not amazed by the fact that many fib levels across multiple time frames have been the turning points of the price movement? Or was it just algorithmic trading bots respecting the preprogrammed rules :)
One important reason of me not seeing current micro rally going much higher is the clusters of fibs identified on the 4hour chart, placing an immediate resistance at about 44k.
On a bigger picture, sinds the ATH in Nov. 2021, BTC has retreated more than 40% nominally. While measured from the Jun. 2021 low, BTC reached the 0.618 retracement.
As I expect the current micro rally to finish at around 43k, how the coming correction behave will give some hints on whether the end of the distribution phase is near.
My primary expectation is the correction from the ATH is not yet over, as the initial drop (A) and the subsequent rebounce (B) formed the right shoulder of a Head and Shoulders pattern. The ongoing (C) moves pass the neck line and projects down to first 38k and then 32k support, with potential extension to 28k. Respecting the 28k support is important to avoid the danger of a double top formation.
How ever, if BTC doesn't break down to 38k but rather makes a higher low and recover 44k, that would be the first indication that the bottom is in.
Disclosure:
Long term long BTC.
Short term short via leverage tokens BTCDOWN, will gradually switch them to BTCUP under 35k.
BTC #BTC
A huge fat array was formed on 4****$. Long now? Yes, it's safe. Depends on how much risk you take on the trade. Now it's easy to get long compression with an upward shot (41-42), I would have started shaving my shorts by now, the time has come. + RSI on daily timeframe, below March, definitely we need to warm up a bit. There was no squeeze, BUT the leverage is still extreme, but the futures contracts have already gone negative. We already have more shortists than longists.
BTCUSDT: Dragon above the cloudsHello traders!
The holy MTFKR Dragon has shown up and this is not just here to hunt small traders, Its here to Hunt the Whales.
Investors were confident that Whales are buying BTC so it must be a good time to invest but no one saw Dragon which was hiding behind the clouds and it was aiming to hunt the whales.
The scary Move is not yet over, we will See more dump in all coins.
Currently, we can see a breakout of supportive trendline and I am expecting a 3 step formation before Mega rises. I am expecting exactly the same pattern that I have drawn on the chart.
The true reversal point is 30900 and I am sure that it will be pinpoint accurate and the market will hit and run 30900.
Those who are thinking that BTC will go below 20K then I should tell them we will not see BTC below 20K because the pattern is not completed. When Bitcoin will break All-time High then it will decide whether it will come back to 20k or it will never look down again.
Sorry for today's loss as the market was unpredictable or you can say previous wins made me a little overconfident because if I had dug deeper I should have cracked some profitable trades.
Well, no worries every move is now predictable and we will enjoy these moves.
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37K best buying target for ₿itcoin ?
Today H₿ Capital is analyzing ₿itcoin (BTC) based on a « 2 weeks » chart 📈
What we can see :
- Price could fall straight to our « Trend line of interest » (which coincides with a « Weekly » SSB flat - Ichimoku) if and only if buyers get exhausted during this dip.
- Bearish divergence on the RSI (we didn’t even touch the level 46,67 on the RSI), so there is still some rooms for more downsides.
Get prepared to buy at those levels :
37.000 / 37.500 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW H₿ Capital
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
BTCUSDT: 37463.19 True reversal pointHello traders!
I was expecting a pump from 38550 true reversal point but it failed to show a bullish move at that spot.
Now the final reversal point is 37463.19 and you can go for the buy from there.
Stoploss is -2%
Target is 10%
Its a great risk/reward trade.
Suggested leverage is 15x.
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BTCUSDT: Understanding a breakoutHello traders!
This is great advice for you traders and it will make you a profitable trader so read and understand the truth.
I am teaching you guys that breakout never works and to make money you should do the opposite of breakout. I already have posted an education post of the breakout but I am posting one more time.
If there is a bullish breakout go for a sell, if there is a bearish breakout go for the buy.
Trading is a game of probability. The winning probability of selling the bullish breakout is 5 out 6 times. So it's always good to try your luck on a better probability option.
My recent wins on this method were 45 out of 50 trades and my account grew 10 times in a two week using 10x leverage.
People may call it a fakeout but in reality, it's not a fakeout but it's the true nature of the graph.
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BTC is finally HereHello traders!
It's a great day today. Market Hit our long-awaited target.
On 10th-Jan when the market reversed from 39700 I already told you it's not a correct spot to reverse the correct point to reverse was 38555. I call these spots True reversal points because these are the True and only points where the market should reverse. The market cannot fool these powerful methods.
I just not only predicted we also sold from the peak with tight stop loss and now the target is achieved.
Now the bulls are finally back and I am expecting BTC to hit 41559 True reversal point.
There is a minor S/R at 39420, If BTC forms a reversal pattern above it then we will see one more push down to 37463.19.
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BTC# Thoughts
On a white background, the SNP500 (stock market) chart… It doesn’t look very good….the bullish wedge worked up falsely and was broken down. It is necessary to look, the breakdown is tightened or not. BTC follows the stock market, so it's IMPORTANT!
On the black background of BTC in the moment… FTX clamped down on the BTC price with huge volumes, they are waiting for more shorts while snp500 is pouring….this is a good reason to collect the razor.
BTC 20W bounce = BTC Will never see $43K again??? The data on the chart is simple. When BTC tests and bounces off of the 20W EMA and then proceeds to put in an ATH.... It never trades below the test price again.
Which means that $43K would at the very least be the bottom of the next bear market unless BTC Tests the 20W higher or does something
it has never done.
BTC LongPrediction of bull trend BTC. I'm expecting the lowest support at 32K $. After that is the huge probability to back on the bull trend.
BTC #BTC
◼️Several days I watched SP500 (the stock market, on the right side of the chart), we were on the same footing with him.. The bullish wedge was broken and tested from the back side. Permanent false shadows at the level of 4700… speak of fixing the position by the big players.
◼️On the left is my #BTC plan…. A cluster of long liquidations is stuck at 42***, there is an ascending channel (short, not plotted on the chart). Watching the permanent funding go more and more negative, YOU CAN SAY that the main wave of liquidations should come at 45***, but so far, I see only small fish ... the big fish that I was hunting fixed its short and got out. We need to build up more liquidity to break through 45***…
In the meantime, we go for the SP500 ....
ps / #ETH is shorting FTX and me.
BTCUSDT: Its time for a dipHello traders!
The market is pulling back but it does not look like it is really ready for a pullback.
It's a good opportunity to sell this reversal pattern.
The target is 12% of the investment. Target is 38600 and there is a true reversal point at 38550.
Stoploss is 2.5% of the investment which is 45000.
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BTC TO THE MOON #BTC
Trading is not about entering in the middle of the range and waiting for a drawdown. This is work from levels. Even if you have to wait a week, just place orders and wait.
I advise you to place short orders at 45 *** and wait. Stop Loss 48 *** ... It may take several weeks, the market does not move in an hour, please be patient.
My local long, open to the BUSD pair and spot, I fixed 50% at 42100, the rest I converted to plus.
I keep short with 52,000, I will fix below 34,000.
BTCUSD A very nice pull backHello traders!
When BTC dropped below the 40K we saw a very nice pullback but according to my analysis, the reversal point is lower than that and the market will pump after hitting it. That's why I call it a true reversal point because it's a point where the market swings and it will be the bottom of the swing. TR point help a lot to avoid making the wrong decisions.
The true reversal point is 38553.10 and after hitting that level I am expecting at least 15% rise in BTC price.
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