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BTCUSD heading higher after retesting 4h support at 22860So the last post talked about getting the support around 22860 and bounce. It bounced yesterday and again today from that level which is 4 hour support area. Now it has blasted through the recent 4 hour resistance sitting at 23200. Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but it is looking promising. I think it is going to cross the recent high as it has higher probability but before that there could be a retest of 23200 level.
Long
by angela_altair
BTCUSDT Weekly Close UpdateIt seems, BTCUSDT could not push price through the weekly resistance. There was not enough demand at this level and now it has been put back into the old range. It seems it needs to gain some more momentum before it can break out through this weekly resistance level at 24336 level. The price has fallen also below the monthly resistance. Usually it will not be that relevant if there are many days for the monthly candle to close. But here we have only a day left and that can become a cause of concern as that may trigger a larger pullback before any further upward move. However, there is still possibility of price to put a bit further upward into the weekly resistance and consolidate there during the monthly close and a breakout later through weekly resistance after some more consolidation. Let us see how the price action develops today and tomorrow.
by angela_altair
BTCUSDT Potential Long setupMONTHLY- 8 Days left, before the close of the candle which most likely become a strong engulfing candlestick pattern - There's also a retest on previous high in monthly structure WEEKLY- Weekly became uptrend after breaking the 21460 high DAILY/4H -also currently What I'm waiting for right now is 1. the retracement on 21460 or 21500 high of the week and 4H market structural zone. Fibonacci retracement 61.8% is also lining up with the zones. 2. When the price reached to the 21500 zone, wait for at least 30M Engulfing or Strong rejections before opening a buy position Take Profit Targets ; 22750 and 24500
Long
by Chiguuu
#BTC BREKOUT BULLISH FLAG PATTERN!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC In the shorter time frame, BTC breakout this bullish flag pattern add retested it also according to the pattern Tactically we can expect a 10% bounce. We have 21, 500 as strong resistance Let’s see how the market reacts in a few hours. Analysis in the higher time frame - I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'. - According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k. - This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k - Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed. - Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again. - People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k. Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
8
Btcust Wyckoff Accumulation Setup bull run 14k+ or 13.5k+Btcust Wyckoff Accumulation Setup bitcoin also completed Accumulation Phases A,B, so now we are in Are Of Accumulation Phase C .. our spring Area will be 14k or 13.6k+ after retest we can Buy or hold Bitcoin .. PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Long
by BasharatAliMaher
Possible Bitcoin price trade in the coming daysLast week in the BTCUSDT idea, we presented you our vision of a possible medium-term fractal Bitcoin price movement until May 2023. Also, there are our thoughts about capitalization, the flow of various indices and rates on crypto, and when altcoins will finally start shooting. In general, not a bad longread, who has not read it yet, welcome: Since the BTCUSD price is currently moving well in the fractal from the idea above, we want to present a possible modest but balanced trade for the Christmas weekend: Entry around - $16661 Stop below - $16374 Take profit at - $17674 Profit/loss ratio - 3.5/1 To all who will celebrate Christmas on the weekend - Merry Christmas And also, to all of us, profitable and balanced trading in these difficult times. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
42
#BTC Be Patient, Big things Take time Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #Bitcoin Long Term Technical Analysis:- In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently at the lower level of this pattern. Which is at 1428D long Strong support also BTC must hold this level. If BTC breaks down to this level then $11k to $12k is the next stopping point. I am accumulating BTC in this range and what if BTC drop towards 11k to 12k then I will buy more, no one can catch the accurate bottom. TARGET:- 73k, 90k, 150k, This is not a piece of financial advice. (DYOR) This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
22
#BTC need to clear the 18,500 resistance to Confirm the pattern!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATE BTC is forming this big falling wedge pattern what is a falling wedge pattern? The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend. *BTC Need to Clear the 18,500 Resistance to Confirm the Falling Wedge Breakout * RSI is also sowing some bullish divergences move *If it conforms to this pattern then according to the pattern we will see a good bounce Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
4