Btcsignals
BTC/USD Looking for drop on BTC/USD.
We are currently in the midle of bearish flag but we broke and retested strong support and resistance level.
1h timeframe candle on 12.may showing us a lot of buying volume which I think we need to take out before any continmuation to the upside. my target for this drop is previous low which is 26.591$
Let's see .
More Bearish patterns....Bitcoin doesn't seem to catch a break , 4hour forming bearish continuation pattern has more chance of a breakdown especially with this volume , even though we have a bullish MACD cross if we have no volume for follow through we go nowhere.
Target breakdown would be 16.5k , you could trade this either way but a short has higher probability of playing out because of such low volume.
Short- Wait for 4hour candle to close under bottom of triangle . Stop Loss top of triangle 21k.
Long- Wait for 4hour candle to close above triangle but also must have large volume breakout to confirm follow though.
Stop loss last swing low 19700.
Since this could be the move down to capitulation expect a massive distribution up thrust before heading lower , triggering all stop losses , won't be surprised if we get a move like the yellow dotted line you see on the chart, high risk trade whichever you go.
BTC/USDT 2h 22.06.22Hello crypto community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much
Now I'm waiting for this scenario.
I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
📅 22.06.22
📌
BTC New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
SCENARIOS ON BTCUSDScenario 1: if bitcoin breaks the current resistance level then we will go in for a long position
Scenario 2 : if it breaks current support and retest then we go in go a short position with a target of 17k
for now the direction of the bitcoin can be on a consolidation preparing for a great momentum that is upward or downward
SHORT ON BTCUSD, LONG TERM SWINGBTCUSD will retest the trendline then bear to $17,000
Entry @ $38,500
SL @ $42,000
Expected TP @ $17,000
DISCLAIMERS
It's not a financial advice.
Trade with caution.
Bitcoin - Will BTC See $10K By The End Of This Bear Cycle?Hello traders, here is my analysis for BTCUSD.
Without a doubt these market conditions are extremely difficult not only from a trade execution perspective but also from a mental perspective.
- You have to stay strong and take each day as an opportunity to learn and grow as a trader.
BTC Makes History
- BTC hit the lowest level in it's history on the weekly RSI.
What does this mean?
- Basically it means BTC is extremely oversold and is overdue for a bounce.
Where could BTC end up by the end of this Bear cycle?
- One of the first posts that i made stated that BTC could hit $20K by the end of the cycle and possibly lower....
- I wasn't expecting BTC to hit this level as quick as it did.
- Being as we are still early in on the bear cycle, this tells me that BTC still has much further downside to go.
- So here are the levels I think BTC will hit.
1) $20K - High Probability
2) $12K - High Probability
3) $10K - Medium Probability
4) Below $10K - Low probability
I think BTC will most likely hit $12K by the end of the bear cycle ad possibly even $10K.
- In my opinion there is a low probability of price trading below $10K but it's very possibly given the current economic conditions.
- Keep this in mind...
This is the worst economy in the USA in over 40 years.
- Meaning since Bitcoin's inception, this is the worst economy it has ever faced by far.
- We don't know what kind of effect that will have on BTC after all is said and done, so don't under estimate how low BTC can go.
Hang in there and don't give up. I've seen thousands of retail traders throwing in the towel, you have to stay strong and be patient. This is what separates the winners from the losers, if you can make it through the worst bear cycle in the history of crypto you can make it through anything in the future. Eventually this will end and BTC will probably have the best rally in its history after this bear cycle is over and it hits the $12K low or whatever it will be.
Thanks everyone and best of luck trading!
BTC Supports On Price Theory.
BTC continue Going Down. And Everyone Ask Where is the Bottem. I have posted already the Time Theory Chart. And Now have Calculated the Price Theory Chart That Show All The Point Where maybe The Bottam. The First One is 20985 and The Date are From 13 To 16 June. So We hope that The First one Is Realy Bottam.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis
If You Like My Work Just Come and Join Me.
Not A Financial Advice
BTC/USDT ANALYSIS 13 June 2022#UPDATED
#BTC/USDT ANALYSIS
$BTC breakdown key support and daily close below wick before , today up just for retest to continue down minimum close GAP until $24.100
in daily chart BTC until now not make a retesting after breakdown the bearish flag pattern , i think after BTC close the gap at $24.100 BTC will visit or retesting first at $28.5k before continue down going to $19-20k . Cause any new Gap at $27.400 - $28.730
BTC/USDT 4H 06.05.22Hello crypto community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much
Now I'm waiting for this scenario.
I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
📅 13.06.22
📌
BITCOIN getting closer and closer to the 1W MA200Bitcoin (BTCUSD) is seeing a very disappointing start to this week's (1W) candle. This development however is making the price getting closer and closer to fulfil the strongest technical condition of Cyclical behavior: the bottom on the 1W MA200 (orange trend-line).
That level is now around 22290 but perhaps an even more interesting technical feat is that the current Cycle is approaching the end of the 67 week count, which is how long the previous two measured from their High to the moment the Parabolic Rally started.
As you see on the chart, the Cycle that started on the December 11 2017 1W candle, ended 67 weeks after on March 25 2019, when a 13 week Rally started. The rather Phase not Cycle that started after the June 24 2019 High, also ended 67 weeks later on October 05 2020, when a 27 week (almost 2 times the previous) Rally started. The current Cycle started on the April 12 2021 High (though not the absolute High) and if it is proportionate to the previous, the 67 weeks count ends on July 25 2022.
By that time, the price 'should' have made contact with the 1W MA200. The question is will the Parabolic Rally that will follow measure 13, 27 or 54 weeks (assuming that each Rally is twice as long as the previous)? Well all three projections are illustrated on the chart. Note that these are not projecting the price (i.e. how high) but rather the duration (how long).
Also assuming that the new Rally will be basically only the start of a new hyper Bull Cycle, we can very well see the whole projection with the green double curve pattern. Note that historically, Cycles post their strongest Rallies after each Halving. See the true extent of the Rally after the May 2020 Halving (3). The next Halving (4) is projected to be around March 2024.
Finally, an interesting piece of information is the Bullish Cross that the 1W STOCH RSI has posted. When those are made near the oversold 0 level towards the end of the 67 week Phase, they tend to be market bottoms.
So what do you think? Does BTC have really only a month or so before a new Parabolic Rally? Or "this time is different"? Feel free to share your work and let me know in the comments section below!
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BTC/USDT ANALYSIS 11 June 2022#UPDATED
#BTC/USDT ANALYSIS
$BTC perfectly predict BTC breakdown, retest to support become support trendline 1h demand can't sustain continue down going to 4h Demand, in this zone potential BTC can sustain and try to retesting on 0.618 fibonacci and will rejection first back to 4h demand if can't sustain the seller will going to Key support
as we know BTC at weekend boring movement . if BTC.D down we will entry in some altcoin.
Info : CME GAP has filled
Bitcoin Analysis - Key Levels To Watch For!Hello traders, here is my analysis for BTCUSD.
*Unfortunately it just so happened that as I was creating this post BTC started to dump.*
I was hoping that BTC would hold around $31K into tomorrow to put price in a good position to rally, but once again BTC has been rejected from the above $31K region.
So what does this mean for BTC??
- I know everyone is sick of BTC and crypto at this point (As am I) but you just have to push through and stick it out. Eventually BTC will have it's next bull run and you need to be ready. You can still learn valuable lessons during a bear market...
- The dump today does not mean that BTC still won't rally. It does put BTC on the back foot going into tomorrow, but this has been the story for nearly the past month.
- On the chart I've labeled the key level that BTC needs to hold ($28.5K), as long as BTC holds that level the probabilities still favor BTC getting a bounce.
- I've also labeled the "Key Resistance" level that BTC needs to break and CONFIRM above ($31.4K) for price to be "set free" to Rally.
- BTC is essentially still just trading in range which for the moment is slightly more Bullish than Bearish.
**Also another thing to note is that over the past week price action has been more Bullish than at any time over the past month.
- In fact BTC finally had its first green weekly candle in 10 weeks! So crazy to think that pretty much the past 2&1/2 months have been completely red the entire time.
- So this green weekly candle will be a sigh of relief for a lot of trader's and could potentially be the catalyst for BTC to get a rally.
**I mentioned this in my post a couple days ago but to re-iterate, I expect BTC to make it's move this week. Like I said the probabilities still favor a move to the upside but all the signs are pointing to BTC becoming more volatile so it would make since for a move to occur this week.
That's it for today's post, thank you everyone and best of luck trading!