📈BTC analysis near release of CPI data📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hey everyone, first take a look at my previous BTCUSDT & ETHUSDT analysis and positions.
Bitcoin may experience growth near this month's CPI data release event if inflation conditions improve.
The trend is still bearish and the price takes another step for further correction with each rise
Don't forget to risk-free your position.
Please share ideas and leave a comment
let me know what's your idea.
CrazyS✌
Btcusdtlong
HelenP. I Bitcoin has tested support of triangle and may to riseHi folks today I'm prepared for you BITCOIN analytics. After the price rebounded from the support zone 27350-27100 in early April, it continued the local uptrend, broke through the resistance zone 28800-29100 and rose to the level of 31000. Bitcoin ended the local uptrend, rebounded from resistance at level 31,000 and began to fall. For a long time, price created a descending triangle, in which it is still trading. After breaking down the resistance of the triangle, which corresponds to the trend line, the price could not fix in above, come back continued the local downtrend and broke through the current support zone. Bitcoin went down and re-tested zone 27350-29100, which is a support for the triangle and increased. Currently, the price is trading over the support zone and may continue to rise. It seems to me that Bitcoin can continue the local downtrend, but at first it can make a deep upward correction. The price can reach the resistance zone, so the targets will be set at 28150 and in the zone 28800-29100. If you like my analytics you may support me with your like/comment ❤️
Opportunity to do long BTC/USDTToday, Bitcoin continues to maintain a narrow volatile market. Judging from the structural trend, Bitcoin maintains a volatile upward trend. Recently, the K-line has appeared many times, announcing that the short-term decline is basically over. , Then the next step may be to go long at a low level.So in short-term trading, we can execute according to the following trading rhythm.
1.At present, the short-term support focuses on the position of 28600-28800, and the support area can consider going long BTC/USDT in small batches.
2.Further support is at the position of 28000-28200, and the support area is long BTC/USDT.
3.The pressure carried above is on the 29000-29200 line. If the resistance area can be broken through strongly, the increase is expected to continue, that is, the 29800-30000 position.
The above are the key areas of BTC that need to be paid attention to in the short term and the general trading rhythm, and I will announce the more detailed trading rhythm and entry position in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
BTC : Phase E, According to WYCKOFFBINANCE:BTCUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The goal of looking at a chart from a Macro time frame perspective is to identify the current market phase / cycle. When we look at the BTCUSDT chart and overlay the Wyckoff Method Accumulation, it's clear that the price action is currently trading in Phase D, about to move to Phase E after the SOS. If you're looking for more details on Wyckoff Method Technicals , see here :
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BTCUSDT at 4h support, likely to head to daily resistance againSo the price did hit the daily resistance as mentioned in the last post, however, could not breach it. The price has now fell down to 4HS2 level which is another long opportunity. Lets try this long from that support to the daily resistance.
AVAX FLAG!KUCOIN:AVAXUSDT
AVAX sitting in a possible bear flag and looks like retesting the 382 (tempting!).
In consolidation at the moment. Break upwards will provide potential to 21.56 zone.
Break down, look for holding to 13.87 zone.
Uncertainty in US markets with potential of further bank collapses.
Bitcoin will run in this event providing upside to this potential setup.
Key: Let the market show you the direction.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTCUSDT likley to head above daily resistance around 29360The price was pushed back from daily resistance and found support on 4h support area around 29050. I believe the price is going to push higher here. Not sure if it can break the resistance conclusively but there will be a fair attempt for the same.
BTCUSDT trading under daily and weekly resistanceThe price again hit the daily resistance overnight but got pushed down again and it is trading again below that resistance. But there is more case for the price to push up through the resistance rather than breaking down. I will observe it for while and then post a trade setup.
Btc Latest Update Btcusdt
As I mentioned in my previous update, I remain bullish on BTC and expect it to continue trading above 27k. My current expectation is that the price of BTC will reach 32,000 to 35,000 .
Brc only needs to break 29450 level for bullish move.
However, if BTC breaks down from the current triangle pattern and closes below it on a candle, I may change my outlook to bearish. As of now, there are no indications of a bearish trend.
BTC can see a bounce from this OB before further lossesThe 1-hour bullish order block (cyan) at $27,750 could see a minor bounce in prices.
However the 4-hour and daily timeframe structures were bearish and showed that the trend pointed downward
The RSI and OBV noted declines to reflect selling pressure in recent hours
A session close below bullish hourly OB will invalidate the idea
Entry: $27,917
Exit: $28,750 (next LTF resistance)
Stop-loss: $27,620 (below OB)
R:R- 2.8
Bitcoin is still bullish | Update Btcusdt
BTC is currently moving with an ascending triangle pattern, which suggests a bullish trend. The price of BTC is expected to remain bullish as long as it stays above 27,000. Based on this scenario it is likely that the price of BTC will reach 32,000. However, incase of breakdown we could see a significant drop towards 25,000.
Risk is under you control
Dyor
Bitcoin (BTC) forming bullish BAT for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC)
Previously we caught nice pump of BTC as below:
Now on a 1-hr time frame, Bitcoin is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
📈Bitcoin fake bullish scenario📉Hey everyone, first take a look at my previous analysis and positions.
Bitcoin can first test the green levels in the bullish scenario, then return to levels below 27,000 with more supply pressure.
Price divergences and important pivot levels are marked on the chart.
Don't forget to risk-free your position.
Consider the impact of the ISM Manufacturing PMI.
PMI above 50 is seen as positive for the DXY, whereas a result below 50 is seen as negative (or bearish).
Please share ideas and leave a comment, 1
let me know what's your idea.
CrazyS✌