$BTCUSD (Bitcoin / USD) - Bear Flag within A Bear Flag$BTC (Daily) vs $BTC (Weekly)
$BTC -9.10% broke down further from the highlighted mini bear flag within its 2nd successive bearish flag formation. $BTC short term MAs have transited to a declining mode, provoking a intraday sell off after resisting price penetration on 26/8/2022
Bitcoinshort
BTC Short Trade Setup - Head and Shoulders Pattern!BINANCE:BTCUSDT INDEX:BTCUSD BYBIT:BTCUSD
This is my short trade setup that I have just taken.
If you missed the trade, wait for a retrace to get in.
Head and Shoulders pattern on the 30m chart with TPO and CVD confirming the trade. CVD looks to be leading price bearish and we have had a failed auction on the TPO chart
Open interest also indicating this is a high probability trade.
All the details in the video
Not Financial Advice. DYOR. Papertrade before trading with real money.
If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now.
Safe trading!
Shawn
$btc leading diagonal complete? slight truncation here, but feels like we topped.
this is the potential swing macro bullish thesis, which has this most recent move off the bottom as a leading diagonal wave 1.
would lead to abc wave 2 down towards the yearly bottom.
really like this count for now.
short to the lows, anon.
BITCOIN (BTCUSD): Bearish Pin BarBITCOIN (BTCUSD) – Cash
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Pin Bar Signal just under the $25339 key resistance level, earlier this week.
The Bearish Pin Bar Signal that had formed on Sunday, August 14th has failed (We did not consider trading this signal, nor did we mention it).
The Bearish Pin Bar Signal that had formed on Thursday, August 11th has failed (We did not consider trading this signal and hopefully saved some members on this market).
Idea: We are considering selling on a retracement higher whilst price remains below the most recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, earlier this week.
BTCUSD [BITCOIN USDT]Bitcoin Analysis:
After price drop to strong level of support 24172 level we see bulls take the control and push price to upside toward the strong key level of resistance also hit 25k high where 200EMA restest on Weekly timeframe and in short time frame candle close below 25k and also respect its resistance trend line 24936.
What next in #bitcoin?
Price of bitcoin retest its 200 EMA on weekly time frame and close below the trend line in short timeframe this show bearish market structure also important bearish chart pattern triple top formation show some kind of selling pressure in bitcoin. Also evening star candle stick show bearish sign.
ENTRY SHORT 24800$
TAKE PROFIT 24509$
TAKE PROFIT 24131$
TAKE PROFIT 23667$
STOP LOSS 25300$
Bitcoin Nearing Triple Resistance Bitcoin is nearing a Triple resistance. The Three resistances that it is nearing are:
Resistance 1: Channel Top Resistance of 26766.
Resistance 2: Horizontal Resistance of 29609.
Resistance 3: 200 Days Exponential Moving Average at 31288.
Major Support will be at: 50 Days Exponential Moving Average at 23351.
BITCOIN (BTCUSD) (HIGH PROBABILITY BUY SETUP SOON)Hello traders,
Here we can see clearly the next move for BTCUSD, were using LTF for a clearer view of our analysis, while baring in mind its going to be a BULLISH move (uptrend) BUT were still in a BEARISH market, so we have to keep that in our mind while we trading this BULLISH move,
Keep a close eye on BTCUSD today,
Happy PIP hunting traders
Making a million - wedge on 15M!The price is in a rising wedge. Points 1-4 are formed. Unless the price breaks through the lower ascending black trend line, the price will rise towards point 5. Point 5 is in the orange triangle. Inside the triangle, it it plausible to look at a potential reversal and an entry point to the downside. Thereafter, I will be looking to take TP at point 6.