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Btclong

IRIS Looks Good with Falling Wedge IRIS Looks Good On Support area with Falling Wedge Keep eye on it HOW TO IDENTIFY A FALLING WEDGE PATTERN The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend. Continuation or (Reversal) Pattern: Identify an uptrend or (downtrend) Link lower highs and lower lows using a trend line. The two lines will slope downwards and converge Look for divergence between price and an oscillator like the RSI or stochastic indicator Oversold signal can be confirmed by other technical tools like oscillators Look for break above resistance for a long entry Key points to remember: Identification of the trend is crucial Both continuation and reversal scenarios are inherently bullish Both patterns present favourable risk to reward ratios as they generally precede big moves
ILong
by UnknownUnicorn26572303
Ocean Performig bull flag pattern What is a bull flag? How to identify a bullish flag on forex charts   Bull flag trading strategy How reliable is the bull flag? Bull flag vs bear flag HOW TO IDENTIFY A BULLISH FLAG ON Crypto Charts It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are: Preceding uptrend (flag pole) Identify downward sloping consolidation (bull flag) If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend Enter at bottom of the flag or on the breakout above the high of the upper channel boundary Look for price to break higher with a length potentially equal to the size of the flag pole
OLong
by UnknownUnicorn26572303
#BTC 🟢 M15 Buy (Bitcoin). ImbalanceI planned to open buy positions near the lower border of the H1 range (30K). But since the imbalance formed a reversal pattern, he took advantage of the situation offered by the market. By the way, at the moment a short situation is brewing in the market. The price was below the market opening. (✔️) The price was below the level of the First Buyer of exchange options. (✔️) The price was at the lower boundary of the H1 range. (✔️) M15 imbalance. (✔️) Second target above H1 range (⚠️) input: 30435 (input on imbalance test) stop: 30175 tp-1: 30697 tp-2: 31221
BITSTAMP:BTCUSDLong
by TrEKone
1
Bitcoin Mid-Week UpdateTLDR: Two Possible paths ahead for Bitcoin: Contingency 1: • Price drops below the range for a liquidity grab. In this case I will be a buyer at the 28.5K – 29K level. Contingency 2: • Price Moves above the range High. In this case I will be a seller at the 32K - 33K level. Background: • In the last week and a half Bitcoin is consolidating in a range. • The range low is 29,500 USD. The range high is at 31,500 and the mid-range is at 30,500. • Looking at the Fixed range Volume Profile shows an even tighter compression. Most of the transaction volume is clustered in the range between 30,009 – 30,824USD. The million Satoshi question every trader is asking is which way will Bitcoin go? Up or down? • The answer is I don’t know. Nobody does. So, what do we do when we don’t know what is going to happen? • We wait and prepare contingency plans. Before I begin, I will share my philosophy about the market. I view the market as a mechanism with the purpose of causing max pain to the longs and shorts. This is all we need to know to make it in this market. Our job as traders is to prepare a plan for every scenario and when the time comes, to execute the plan without fear or hesitation. Contingency A: Price moves below the range low. • IMO, this is the easiest scenario. Any move below the range low is a liquidity grab for the MM to build long positions. If Bitcoin moves below the range the most likely support is 0.382 fib retracement at 28,739$. The 0.5 fib retracement at 27,937 is not likely IMO. • If Bitcoin moves below the range low, I expect a sharp move to the range high to follow. Contingency B: Price moves above the range high. • This is the max pain scenario IMO. A move above the range high is followed by a correction back to the range low. Where did we see such a move? In March and April of this year. You know the cliché, “history rhymes…”. So, let's copy the fractal of the previous consolidation and see what we get. The perfect max pain scenario: “Let’s get everyone bullish and slam price down to shake them out”. I will divide this scenario into three phases: Phase 1: Consolidation. • Price stays within the confines of this tight range until July 7th. Non-Farm Payrolls and the Unemployment numbers will be published on July 7th, and this is when volatility will pick up. Phase 2: Markup. • On the back of bullish news such as low employment numbers, a sharp move up above the range high. Phase 3: Markdown. • The 33K is significant. If you remember this level was the first significant support at the initial phase of the bull market. The levels between 33K to 44.5K were the first redistribution phase of the bull market between January and May of 2022. You can’t flip such a significant level on the first try. These are my two primary contingency plans for the rest of the week. I hope you find it useful. NFA. What do you think? Please share in the comments. Best wishes.
Long
by NewThoughtCrypto
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) moved closer to a fresh one-year high on Tuesday, as U.S. markets closed to celebrate the July 4th holiday. Following a low of 30,586.51 to start the week, BTC/USD raced to an intraday peak of 31,375.61 earlier in the session. The move saw Bitcoin edge closer to last Friday’s high at 31,443, its most vital point since June last year. Earlier momentum has since faded, as the relative strength index (RSI) collided with a resistance level at 70.00. tracking at 68.43 and appears to be heading for a support point at the 66.00 mark. there is a strong possibility that Bitcoin will be trading around the 30,500 level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 31404 (stop at 30604) Price action has posted a Doji candle and is neutral for short-term sentiment. Prices have reacted from 29456. Price action continues within the short-term bullish trend channel. 31420 has been pivotal. A break of the recent high at 31420 should result in a further move higher. There is no clear indication that the upward move is coming to an end. Our profit targets will be 33454 and 33854 Resistance: 31000 / 31375 / 32000 Support: 30300 / 29500 / 29000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:BTCUSDLong
by VantageMarkets
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) rebounded from recent losses on Tuesday, ahead of the upcoming U.S. consumer confidence report. The Conference Board expects its index to rise to a reading of 104.0 in June, up from 102.3 the month prior. BTC/USD rose to an intraday high of 30,751.19 on Tuesday, following a low at 29,955.74 to start the week. The move appears to have occurred as the 14-day relative strength index (RSI) bounced from a support point of 68.00. As of writing, the index now sits at a reading of 70.17, which is once again in overbought territory. A barrier at 73.00 is now the next visible ceiling, and unless bulls break out of this point, BTC will likely move back below 30,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Bull Flag Breakout on BitcoinThe mentality of many crypto traders is to disrespect anyone with a bullish bias. I think that we are in transition phase from bearish to bullish. IMO. The market is about to punish the bears, hard! On the 4H chart we can see the Flagpole. The flagpole formed between June 18th – 23rd. A 20% price increase within that time period. Since June 23rd price is consolidating in a channel, the flag. The maximum drawdown in Bitcoin’s price in this consolidation was 5%. Meaning that demand is strong, and traders are impatient. It is possible that Bitcoin is breaking out right now (yellow highlight). To confirm this breakout, we need volume to pick up and to break above 31.5K. The breakout target is 36,345. However, that does not mean that the uptrend will stop there. My minimum target is 39K. NFA What do you think? Please share in the comments. Best Wishes
Long
by NewThoughtCrypto
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) moved marginally lower to start the week, as its price fell below the 31,000 mark on Monday. BTC/USD dropped to an intraday low of 30,042.38 earlier in the day, which comes after the price peaked above 31,000 on Sunday. Today’s slippage sees bitcoin decline for a third straight day and comes as the relative strength index (RSI) moved into overbought territory. hit a peak of 72.92, which was not only near a ceiling of 73.00 but also its highest point since late January. This reading prompted bears to enter the market again, pushing the RSI down to a current reading of 68.81. 68.00, and if this support point is broken, there is a good chance that BTC slips below 30,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Bitcoin Pullback Targets & PositioningTLDR: • This Idea is for those that want to increase position size or to enter long. • Currently, Bitcoin crossed the 31K resistance and I am fairly certain that liquidity is to the downside. • In addition, on the lower timeframes bearish divergences are forming which is a sign of exhaustion. I think we will get a pull back shortly, maybe during the weekend. • I listed my pullback targets with what confluence I could find. • Please read my previous Ideas (linked) because they provide context. Pullback Targets: 29,993 R.B.R Demand Zone: This is a newly formed demand zone formed out of a rally candle, base candle and a rally candle (June 21st -23rd ). I think it is too optimistic to expect this level to hold but this will be my first position 1/6. 0.236, 29,764: The 0.236 retracement is just inside the newly formed demand zone. The march rally is the blueprint I go by for this rally. In March, the 0.236 was pierced but the wick didn’t even reach the 0.382 level. For this reason, this will be my second position. 2/6 0.382, 28,739: On the March rally Bitcoin did not even touch the 0.382 retracement. However, it is just above the 28.5K level which historical support for bitcoin. I think It is probable that Bitcoin will get there, and this level is where I will position the rest 3/6. 0.5, 27,937: It is possible that bitcoin will reach this level. Bitcoin will remain bullish if it does. I am taking into consideration that my position may be underwater for a short period if it does. Trade Idea: • Entry: 28,739 (0.382 fib) • SL: 27,700 (below the 0.5 fib) • Target: 39K • TP: 31K, 33K, let the rest ride. Bearish Div. 4H NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin moved above the 30,000 level in today’s session, ahead of a testimony by the chair of the Federal Reserve, Jerome Powell. Powell will be speaking today for the first time since the Fed’s decision to keep interest rates unchanged in June. BTC/USD hit a peak at 30,737.33 earlier in the day. This is the strongest point that Bitcoin has hit since April 14, when the price reached a top at 31,050. Another major catalyst for the move was a crossover of moving averages (MA), with the 10-day (red) MA, moving above its 25-day (blue) counterpart. the relative strength index (RSI) has also marginally broken out of a ceiling at 70.00 and is now tracking at 70.88. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
3