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Btcusdtrade

Bitcoin Change of Character Long TradeTLDR: • This Idea is for traders that are sidelined and looking to enter long or to those of you that would like to increase position size. • As in the previous Bitcoin idea, this idea is valid Assuming that this Impulse up is finished. • I charted the Fibonacci Retracement levels and a Demand Zone in an effort to find the most likely target for a pullback. General: • Bitcoin’s move above 28.5K is a Change of Character. Meaning that we moved from a downtrend to an uptrend. Of course, all within the larger uptrend. Since the likelihood of continuation to the upside has increased, we can use a pullback, if and when it occurs, as a chance to increase position size or to enter long. • I would like to reiterate, there is no guarantee that the impulse up is finished. However, Bitcoin is oversold on the lower timeframes, so IMO we can expect a pullback shortly. • If bitcoin moves up, I will reassess the situation. This is our life as traders…. Pullback Targets: • 0.236: The 0.236 fib level has the confluence of the Fixed Range PoC. It is the most bullish scenario; a quick test of the trendline and off to the races. However, if you intend to place a limit order your SL should be wide, at least IMO. Let me just add that Bitcoin is a little overheated and I am not confident that such a shallow pullback is healthy for further continuation. • 0.382: Confluence with the previous range high on the LTF. This is not enough confluence for me personally to be confident that this level will hold. We’ll have to wait and see. • 0.5: Strong confluence (green triangle). 1. The 0.5 Fib. 2. Former resistance line. 3. Upward sloping trendline. 4. Just above the demand zone • 0.618: Relatively deep pullback. If we get that low, we will be below the uptrend support line. Deep inside the demand zone but, low confidence IMO. We’ll have to see if it holds. • As a sidenote, if we examine the impulse of March 11th -17th. It was a relentless uptrend with no stops to onboard sidelined traders. The first impulse coming off of the bear market was the same. If this kind of PA repeats maybe you should consider looking for altcoin trades. Check my Ideas about FET, AGIX, SOL and FTM. NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
Bitcoin approaches next resistance level as price drive upAs you may already know, Bitcoin has been on a steady upward trend in recent weeks, and it looks like the next major resistance is near the $27,500 level. This is a significant milestone for Bitcoin, and a close above this resistance might spark bullish moves in the near term. Furthermore, Bitcoin has already broken through the Fibonacci .23 level, which is a positive sign for investors. This means that the next major resistance at $27,500 is within reach, and it could be a great opportunity for you to add to your positions. I encourage you to take advantage of this opportunity and consider adding to your Bitcoin positions. With the market looking bullish and the next major resistance within reach, now is the time to act. Thank you for your time, and I wish you all the best in your Bitcoin investments.
BITSTAMP:BTCUSDLong
by bryandowningqln
BITCOIN range and more correction for next movement 💡📖💡Hello 🐋 based on the chart, the price again sticks in the range position close to Channel resistance of descending channel 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical and act as stop loss hunting candlestick and shadows 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
11
SIMPLEST VIEW OF BTC #BTC UPDATE On the daily timeframe chart, #BTC is still advancing inside the wedge pattern and is currently situated above a major trendline. A potential bullish rally of about +20–25% might be anticipated if Bitcoin maintains its position above the trendline and successfully breaks out from the wedge to the upside. However, a bearish rally towards 21.5k may materialize if Bitcoin loses the support of the major trendline. Significant volatility is anticipated next week because of the US CPI and FOMC schedules. For more quality Charts analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
7
BITCOIN what is next? 💡📖🐋Hello 🐋 based on the chart, the price is in range zone and possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices 📖 so range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 beside brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 and we need even more correction to the downside for long term view before huge gain ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
8
BITCOIN what is the next target? 📖💡📖Hello 🐋 based on the chart, the price is in range zone and possibility for breakout of the parallel channel to the downside, and we can see 23k and 25k prices 📖 so range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 beside brief amount of gain and green candlestick is logical for future correction (suppose it as a stop loss hunting) 📖💡 and we need even more correction to the downside for long term view before huge gain ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
9
BTC Swing Long After 85% Bear MarketBTC Bear Markets typically will take us down -85% before the start of the next cycle. We aren't quite there yet, but we would be if we reached the macro GP pulled from the previous bear market low to our current ATH. It also coincides with the last down candle/order block that broke bearish structure and caused the last macro impulsive move/bull run. This idea has us dropping into the depths for a real capitulation, shaking out all of the weak hands and making everyone lose hope before finally putting in a bottom right before the BTC halving. We should see a real bottom in December of 2023 if this is the case.
INDEX:BTCUSD
by DigiLex_LLC
BTCUSDT Analysis for taking Positionsi did BTCUSDT Analysis on 1D 4H and 1H TF! i have clearly mentioned the exact Entry and Exit positions for Long and Short. Do watch for volume and i don't believe in indicators only price action & volume is the key! These both positions are strong to enter and take profits. BTCUSDT Analysis on 1D 4H & 1H time frame ⏰. The blue line is 24H TF TRENDLINE! STOPLOSS IS MUST! THIS IS NOT A FINANCIAL ADVICE. JUST SHARING MY IDEA WITH YOU GUYS. Trade safe. :)
by malikhaseeb7
BITCOIN stoploss hunting and again more correction 💡Hello 🐋 based on the chart, the price has chosen to fall again and break out of the parallel channel has been completed 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
9
BITCOIN needs more correction for further gain ❌🧨Hello 🐋 based on the chart, the price has chosen to fall again and break out of the parallel channel has been completed 📖💡 for any other huge pump, we need even more correction to the downside ❌🧨 beside brief amount of gain and green candlestick is logical 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡 👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
10