(BTC) Bitcoin - HOW TO CATCH THE TOP/BOTTOM ? 🧨💥Hello everyone !
Today the Black Cat Trader is analyzing Bitcoin (BTC) based on a Monthly chart 📈
What we can see :
- Back in November 2013, Bitcoin toped at 1 163$ and then bottomed at 152$ (approx 87% correction)
- Back in December 2017 Bitcoin toped at 19 666$ and then bottomed at 3122$ ((approx 84% correction)
Since 2015, prices took support on the black uptrend line. We can also identify our white trend line which acts as a support or a resistance for prices. By now, we are still above this white line, which is a good thing.
What we can expect :
If Bitcoin manages to hold its white trend line, prices could top between 13.618 and 16.618 fib levels. Those levels match also with our black resistance line which acts as resistance for prices since 2014 ! By adding a 80% correction based on this « potential top », prices could then bottom on our multi years uptrend line.
How to catch the top/bottom ?
Everybody seems obsessed by small time frame… Just zoom out, and look at the RSI and the position of prices regarding our two black trend lines on a monthly basis.. That’s it.
If prices are located on our multi years resistance line and the RSI is in the dangerous area : SELL
If prices are located on our multi years support line and the RSI is in the BUY area : BUY
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BTCBUSD
BTC @ critical support 2₿ITCOIN approaching important support @ 47250-46600 (market structure + 50% fib retracement). We could see a bounce followed by sideways price action. Then breaking up the red downtrendline would be bullish. On the other hand, breaking down the 46600 support could lead to further price drop to the bottom around 42k. Staying neutral, just observing... 🧐
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Bitcoin : A Clever Buy/Long ZoneWe Brokedown the trendline and the wedge and we are trading sideways for the last 4 days. I will be only longing Bitcoin if we start trading in the green Zone. And note this... More sideways action will make the bears Stronger. And also, I wont be afraid to open a High leveraged long at the green Zone.
Bitcoin bear with 3 Confluences :Bitcoin bearish Scenario :
Following the massive selloff a few days ago, Bitcoin is trading in sideways and we saw a small sell-off yesterday. However, The current chart looks bad since it confirmed my bearish scenario with 3 Major Confluence.
1- We confirmed the trendline breakdown with a retest and Rejection (The Black line)
2- We confirmed the Falling wedge Breakdown with a retest and rejection (The Red wedge)
3- We got exactly rejected at the Golden Fibonacci Pocket ( 0.35-0.382 Or The red Zone)
These are the 3 major bearish confluences i saw over the charts today after my vacation. I Recommend not to open any long positions until we invalidate our 3 Major Bearish Confluences.
BTC/USD Bull Flag Inside Giant Asc Triangle Movement PredictionBTC/USD movement predicted based on past movement data (Nov-Dec 2017) and the formation of a Bull Flag pattern inside a giant Ascending Triangle.
BTC stopped at SMA 200 daily and .....BTC stopped at SMA 200 daily, and rebound at fibo 50. and trying to reach fibo 38.6, for another downtrend to fibo 61.8 .
SMA 200 daily is the important level to be watched. if this level breaks down, the downtrend is become confirmed as long as the trend is below the SMA 200.
SMA 200 daily become the strong support also happened when BTC reached 29K.
Watch also the slope of SMA 200, as long the slope is still up, the trend is still bullish.
The low risk for entry is when the slope is flat, and there is a bullish candle coming up.
BTC/USDTpump coming , Target : 59K , lev 2x ......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTCUSD: Time for a blastHello Traders!
In my previous post, i mentioned that there is a fear of a drop in BTC and i said that BTC has planted a bomb.
The reason why I said that is I saw an unusual behavior near my True reversal point. My True reversal points are derived from multiple strategies and it's the strategy that can give pinpoint accurate value of reversal but in some cases market reverse after breaking the true reversal point. Like in the previous post BTC broke the 56670 reversal point and dipped 1.88% more which is not a good sign and i said it's like BTC planted a bomb and looks like I was right and here we go now.
In this dip i am expecting that BTC will touch 49K and reverse from there. So get ready for a roller coaster ride.
Below I am adding previous post and few examples of my true reversal points. Click to open the post.
Previous post
previous post
Example 1
Example 2
Example 3
BTCUSD: Fear of dropHello traders!
BTC is moving up from my given point and is heading towards 63600 reversal point but there is also a fear of more drop.
The reason why i call my level a true reversal point is that it works with pinpoint accuracy and in this scenario my reversal point was at 56670 and BTC dropped to 55600 which is about 1.88% more drop from my level and according to my method it's not a good sign. It is like BTC has planted a bomb and will blast any time.
For your better understanding, I am adding my previous post below so that you can take a glimpse of the strategy with the highest level of accuracy available in the market.
If we look closely then we can see that when BTC hit my level for the first time it reacted perfectly but after a few hours market pushed it back to test again or to plant a bomb.
It's not compulsory that the market will drop hard but there is still a chance.
The reason to update the post is that once the market drops below 56K then wait for the correct time to enter again which is 49K level.
Previous post
Examples of TR points
Sep 8
sep 20(in this example market dropped more than expected then it dropped again)
sep 14
sep 12
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BTC/USDTOpen Long on BTC at 58000 $ with 50x Lev , SL : 57800 $ <<<<< HIGH RISK , just use 5% of your Asset . Target : 63000 $ ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTC/USDTIts Technical .....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
#BTC (Neutral Analysis)Bitcoin is travelling inside a wedge and the rejection is not so good.... We need to watch for the breakout at the either sides... Remember institutions opened huge long positions this week and Bitcoin loves to break bearish wedges at the upside in a bull market...
Waiting for further Confirmations...
BTC/USDT can open short here on #BTC with 10x Lev , SL : 68600 $
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(BTC) - AS SIMPLE AS THAT -Hello everyone !
Today the Black Cat Trader is analyzing BITCOIN based on a weekly chart 📈
What we can see :
- Prices took support on the 0.5 fib level during the last sell-off back in May 2021.
- Then, bounce to the 0.236 and rejected by this Fib extension which coincides with the median line of the pitchfork too..
- Finally, prices took support on the 0.382 to reach the level 0, which coincides with the intermediary upper line of the pitchfork too...
What we can expect :
- Bitcoin could take support on the median line of the pitchfork to reach the last upper line (coincidence with the 1.618 fib level too). Then, if Bitcoin breaks the last upper line of the pitchfork, the first target is 2,618 (102 811 $)
Resistance 1 : pitchfork intermediary upper line
Resistance 2 : pitchfork upper line
Support 1 : pitchfork median line
Support 2 : 0,236 fib level (50321 $)
——
TP1 : 126 956 $ ( 3.618 + 1.618 )
TP2 : 151 101 $ (fib 4.618)
TP3 : 188 605 $ (fib 2.618)
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BTC/USDT 4HOUR UPDATE Welcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart..
BTC /USDT analysis BTC 1day closing and $61300 positive signal and BTC 4 hour update is supporting zone is green line and very inportant supporti is $59000 and resistance $63000 break after new ATH ...
As we told about btc it went the same and still i think btc will make its new all time btc is bullish
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...