BTC TrendHere is the second idea from the higher timeframe, Weekly chart. Setting on the chart on 1W tells yet another story of trend continuation if the price were to hold onto ~$54,500 levels this week. Followed by this I would expect a bullish rising wedge pattern, as I have drawn(forgive my poor painting skills) on the parallel channel to hit the $73K or $78K levels. Waiting patiently!!
Btcidea
BTC going down? BTC USDTIs BTC going down?
I felt sorry for many people because of this situation. It was really a stock market manipulation. Or so I think. Because big volume single candles can be drawn by a large whale.
First of all, I will introduce you the signature of our biggest whale on the chart.
Yes it looks like a harmonic pattern. But there are about 70 different patterns that I know about harmonic patterns.
This is different from them. This is actually a signature of the rising trend of collecting goods . In harmonic patterns, it enters the decline process after the D leg. Fibonacci levels are traversed in order. 1.27 and 1.618 are good collection points. This process does not happen immediately. It enters a downtrend and moves in steps.
But this signature is different from them. Normally, it should break the old support points and go down to the bottom, but this pattern does not give us that. First of all, it gives the impression of falling. Then we try to identify the levels. We know the price will go down here.
A measurement like this;
It's most likely a shark pattern. Actually no, this is the signature of the whale, which indicates that a new trend will start and wants to collect goods. People open short position believing that prices will fall. Of course, for this, they want to make sure that the prices will drop a little and that the decrease will continue.
When they see closes below the support level, they open a short position. People start to sell their goods. Then the whales take the goods that are sold. Crypto markets analyze where short positions will be liquid. And then all the short positions are liquid. Whales are happy with the goods they receive.
This time they believe that it will rise and they open a long position. Exchanges again collect statistics and pocket the money.
Then analyzes are made. It is thought that the descending triangle and the prices will go down as in the chart below. The wicks of the candles also point downwards. Symmetry down. Investors try to open a short position again.
Descending triangle, head and shoulders, harmonic patterns etc.
people become convinced of the down trend.
Then comes another 13% increase.
So what is the situation now?
When we look at the A and C legs in the graphic above, it is seen that this is again a shark pattern.
The level of the D leg should be 1.618 or 2.24 according to the shark pattern. It is seen that the support levels are also compatible with the Fibonacci levels. accordingly, the prices should drop to 44K.
But ;
It is also expected to rise according to the same chart. there may be a cup handle pattern with the Inverse Head And Shoulders pattern inside.
It can also be a flag pattern.
Only one question remains. Which one?
Here are the indicator values that will be useful for us
When the price is 59700 -56900, the indicator data will say it is available for purchase. When the price comes here, the rsi value will most likely be below 30, at the aroon 20 levels, and other indicators will still be in a suitable position for buying. The bottom of the channel can be thought of as a stop loss.,
Note: This is not investment advice.
BTCUSDT 1HOURLY NEAR FUTURE PREDICIONSTechnical Analysis Summary
BTC/USDT
FROM PAST (EXPLAINING WHAT HAPPENED)
BTC respected the DAILY suppport level (62701.8) (yellow level) then reached and respected 1hourly resistanse level (65656.1) (yellow level) and continued dowN to rech 15 minute suport (64433.9).
TREND ANALYSIS
We have 1 upward trend in white color and another down trend.
FUTURE PREDICTIONS
Techicals analysis can only predict move ahead
First Scenario
We can either continue going up and break the down trend and hit our first resistanse level 66326.8 (In Red) and start the reversal downward
or we can break the level and go to the greedier resistanse level 68405.1 and start reversal.
Second Scinario
We sart moving downward and break the up trend to reach the support level 60911.5 and start reversal upward.
I use the momentum indicator only as a additive to my trading but i dont base my trades on it.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
A HUGE CORRECTION IN BTC ?There might be a huge correction in BTC
- 1/4 Hours Analysis based on Supply Demand & Wyckoff, Price Imbalance, Structure
- 1 Hour Distribution Wyckoff Formed
- UTAD had played out
- Wait for LPSY to form ( retest and confrmation)
- Short at LPSY (scale down to 1-5 mins timeframes for better risk rewards entry)
- Take Profit at 1/4 Hours Demand (could partial or conservatively, take all, there are many imbalance and supply demand have not mitigate, signs show price moving too quick)
- Whale might want to dip in lower price
-BTC consilidate in a long period and pump up quickly lately, sign shows Whale manipulation is high, and they might want to push price lower and dip in future
BTC is preparing to test support level at $31KHello there,
I am trying to analyze BTC for the next trade. And here are what I see:
- The Supertrend is bearish now. This trend happened for a while.
- It passed under the SMA 20 line and lower envelope.
- It is testing the Support Level at $40K
- The Volume is still low but it is rising. It should move up to pass the Zero Line to confirm the trend soon.
==> So I believe the BTC price is going to down. It will break the $40K Support level and go to the next Support level at $31K within 2 weeks.
However, "Trade what you see, NOT what you think.", I will wait to see the D1 candle close at ~$40K and/or the Volume Oscillator passes over the Zero line to entry a Short position for a confident trade.
I intent to Take Profit at ~$33K if the momentum is not really high. Otherwise, I expect to Take Profit at ~$29K, when the momentum makes the price dump to this level (and then bump back a a little).
This is just my personal idea and would like to share with you, not financial advise.
Lucky Trading!
BTC what's wrong with you Hi, In the last BTCUSD pump i warned you that it will come back and will test the previous resistance as expected it comes under 43500, and then it is up again
As you can see almost two times it is rejected by resistance and yesterday it was heavily rejected and facing resistance at 200EMA as well and was unable to close above that
And as you can see it is making new lower lows as well
I am eying on the 47200-300 area where it will be again rejected and will be pulled back again to 42-43 area
so liquidity in that zone is still a lot and it will cover that as well after that no turning back for me
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BTC currently moving sideways. Ideal scenrio for btcusdHi my future millioners as you can see on the graph btcusd facing major resistance at 200ema and getting rejected again and again
if we flip this area around 46900 then we can see a little upward movement around 48-49 and then we will retrace back
I am not taking any long positions for now. I just long algousd after closing it at 1.65 and algousd gave us another opportunity to long it we long it around 1.59-1.60 and closed it at 2.1 now we are not taking any trades. Not the right time to long any alts for us. For I am sitting back and enjoying my profits.
I am seeing bearish divergence and most probably btc will drop 20-30% then we will take trades.
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Thank you
if your are new to my analysis check my previous trades and predictions , if you like them then follow us
BTC USD Trend AnalysisI said the fall action would be the first week of down.
I took a look to re-examine the current situation. I see currents trying to fill a triangle to make its next move.
I don't think it's right to analyze within a 15-minute time frame. So I don't trust this chart either. But assuming that's true, a price like the 48900 will resist.
Just before prices fall, two patterns appear on the chart. one of the two patterns told us about Bear levels in the past. I explained it in the final analysis. you can look there. in the second format, I think it means how far this going to go and where this going to meet the resistance.
Whether the pattern is correct or not, if the breakout is up, there will certainly be retractions at Fibonacci levels.
I don't know if this fall will go up or down. Technical readings give us a rising signal.
but there's one thing I've always believed in. History repeats itself. in other words, there have definitely been the same movements over time, and these movements can be a reference for us.
Looking at historical data, you can see the same traffic in some places.
Historical data is more important to me than any technical indicator.
Here, I see that the same movements have occurred in the past, and the trend has not ended.
if I didn't make a mistake in the candle math, I think we can expect an upward movement from the next day.
I have previously written that the decline experienced when the review was written on the monthly chart may actually be a retracement of an annual trend. BTC had a pullback from 60k to 30 . And I don't think it was the last straw that ended the trend. The monthly withdrawal rate was more than 55%. In terms of Elliott Waves, one of the two jumps should be softer. So this is not the retreat we expected at the monthly level. It should be more than 25%.
if the trend does not end, you can see the points below in the chart. in its simplest form, when we look only at fibonacci data, we see that the old data and fibonacci levels are in harmony.
finally, when we look at the 4-hour level, you can check whether prices will go up or down by looking at the support points.
p.s note: These are just ideas. that's not investment advice.
BTC can revisit this area again Hi, i warned all you yesterday as well don't put limit orders on 49.3 as you may have seen various analysis on btcusd that it will not go below 49 this or that as I was little concerned about that
why so because you can see yourself the recent pullbacks towards 49,50 did not get the buyers response that we were expecting there was an eminent that it will retrace back from 53 as I mentioned in one of my btcanalysis that it will retraceback as it happened yesterday I also warned don't put limit orders hope so you followed my advice and saved your capital
This is the scenario i am looking at, in the marked zone I will start buying again in parts do the same and do your analysis as well not the financial advice
I removed all my drawings on the chart to present it as simple as I can so that no one get confuse
Thank you to those who are constantly supporting me
Comment below how my analysis helping you in taking trades share your experiences
if your are new to my analsys Check previous my predictions and decide yourself
BTC will test the support and the retracement i warned about hi, as you can see my previous BTC analysis where I shared that btc pullback is on the cards you should be cautious with the trades
you can see around my targets pullback happened as everything was on support and resistance , be it be dominance , volume everything so I predicted that a possible pullback will happen
now I am eying on the response around that area to look for the possible long position
first see the reaction then long it don't put the limit orders
Like and comment
see my previous analysis decide yourself how they goes
BTC Road AheadLooking at some dominate trends in BTC price history the path to 100k is still very likely in 2022.
-- We could be playing out the same trend from COVID last year
-- Check out the Rising RSI on weekly, Credit it Philakone for noticing how these concave/convex RSI trends play out
The window for testing the 20k range is quickly closing (Green Triangle)
-- If we hit this I'll personally be buying up everything I possibly can.
-- Huge support for the road to 100k
If you draw some FIB trend retracements and extensions you'll see that they land nicely at 100k-120k range, which also corresponds to channel mid line (Or top of channel. Every channel is comprised of other channels)
Thoughts? Comment below!
** These are my personal thoughts and analysis, nothing here is to be taken as investment advice. CRYPTO is high risk market, invest at your own risk.**
BTC effected by Afghanistan situation ??Hi, I am away from my laptop , just wanted to share imp info may b you aware of , the Afghanistan situation change of power , America exit , evacuation taking place so this is main hot topic these days
As you know such news effects the stocks , eventually it effects cryto as well in simple words.
As you know imp events/news in the world always effects the global markets .
So be careful with the trades, uploading it from cellphone so plz cooperate if things are not clear
As BTC dominance is bullish , so those who are in trades of ALTs put tight stop loss whenever you are in profits best case is to book profits if not then place tight SL to breakeven ..
So quick update as you can see it boucnes of from the level i shared in the afternoon , it hit multiple time but unable to close it below that so be careful with the trades keeping in mind the world affairs
Hope so you got the point..
Have a good day ✌️
Comment below what you think Afghanistan situation effected the crypto or not ?
BTC scenrio i shared yesterday for booking profits Hi, this is the graph i shared yesterday for those who shorted BTC on my call how can book profits, here you can see yesterday level supported and now we move to level 2 so level 2 is current support and level 1 is now acting as resistance which was previously acting as support so watch for each level ..
comment and see my previous ideas to check py analysis how they goes , decide yourself
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BTC can bounce from here? if you short btc what next ?Hi, in my previous analysis i suggested a level from where you can short BTC , you can check exactly the same way btc acted it visited 48500 and then down and down
if you shorted btc now you can move your stop loss to 48000 and if the current level breakdown and goes to 46 then you should move your stop loss to level 1 which is 47100-300.. same way move if BTC break level 2 and move to level 3 ,move your stop loss to level 2
In that way keep securing your profits look for each level and if you took a trade according to my analysis and values then enjoy your profits
comment if you took a trade
check previous analyses which all were on point.
Dont try to long now
if your are scalper then you can do is, long btc at each bounce level secure profits and take exit
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share your thoughts on my analysis, they are helping or not
BTC is at support, will it bounce back or it will goes down ?Hi, if you followed my previous analysis on btc where I draw a scenrio what next for BTC,
you can see it hits all my targets I pointed out , btc following all the scenarios I draw till date you can check that all my previous idea that pretty crazy. if you traded according to that then enjoy your profits have a cup of coffe from that you deserve that
Here you can see btc is at strong support btc unable to break that, btc hit that support 4,5 times but unable to break that Thank to volume that came in at that point which is holding BTC at that point
PRevious there was support around 48500 now it is acting as a resistance from same point btc rejected serveral time
it it is unable to breakabove you can open short here with tight stoploss around 48650 and open short at 48500-48400 and target to acheive first 47600 and then 46500 and if it break above you can open long from here and wait to hit targets at 49500 but for now what i think we will hit 46500.. then from there we can judge buyers response and direction of btc
what your thoughts about that share your ideas
comment below if you are agree with me or wanted me to share my analysis on some other coins
BTC following the Plan thanks to BTC. what next for BTC?Hi everyone, Hope so You all are doing well, Now come to the point
I shared the BTC scenario yesterday which was on the point you can see my idea, It got rejected at 48100 so the next target is 51 which is not major resistance if you ask me I can see 56k coming but you will you are daydreaming, It is crypto anything can happen, But for short term, this is the best case
Note, My focus is not on the overlook of the graph main focus is to give you an insight into what is going on what will happen according to my knowledge.
Enjoy your profits if you followed my plan
Remember me in your prayers have a good day