Btcusdtlong
BTC 1H trading plan1H time frame
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After huge pump from 24900, Bitcoin starts consolidating currently.
From the perspective of long, Bitcoin is creating a potential continuation pattern, such as a triangle structure. Therefore, we can focus on the support strength at 25700, if the support is workable for Bitcoin, trading plan will be triggered as below.
TP: 27385
SL: 25420
BTC makes False-breakout again1h time frame
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This market got a comparable big dump yesterday, then BTC creates a false-breakout at 25000 such like the scenario occurred on June 23rd.
The Price Action increases the possibility about right shoulder pattern, which top is around 28350~29150.
We are still under the downtrend on higher time frame, so avoid putting lots margin on long, better to find opportunity to open short!
BTCUSD Long Term BUYING Trading IdeaHello Traders
In This Chart BTCUSD DAAILY Forex Forecast By FOREX PLANET
today BTCUSD analysis 👆
🟢This Chart includes_ (BTCUSD market update)
🟢What is The Next Opportunity on BTCUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BTC recent target 275654h time frame
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Bitcoin creating the similar structure with previous one, formed from Aug 23rd to Aug 29th.
Getting support again at 25700, according to the symmetrical pattern, Bitcoin has potential to reach 27565 in near future. Therefore, we can set up a plan as below.
TP: 27565
SL: 25090
#PATIENCEHello traders, today we will talk about patience
Patience is the key to the best trades.
#Plan your trade.
#Do your research.
#Wait for the perfect entry
And many more but only patience will allow this process to unfold.
It's crucial to develop patience as a crypto trader. It's simple to fall for the hype surrounding quick earnings and instant delight. However, making snap judgments can result in losses.
By exercising patience, traders can track market patterns, examine the market's behavior, and come to wise conclusions. The long-term advantages of this strategy may be substantial.
Patience also enables traders to avoid emotional choices that could be harmful to the health of their portfolios, such as panic purchasing or selling.
Additionally, the volatility of the cryptocurrency market is well-known. Prices can change quickly, and crypto assets can lose or gain more than 50% of their value in a matter of days or even hours. Having patience allows traders to weather the market's ups and downs without making snap decisions.
Finally, traders can choose superior risk management strategies by exercising patience. Before making a choice, it enables them to conduct their due diligence and reduce their exposure to any damages.
Conclusion: Having patience can help traders succeed when trading cryptocurrencies. They are able to make wise choices and steer clear of costly errors thanks to it. The saying "slow and steady wins the race" is true.
It’s okay to wait… and wait… and wait for the exact moment to make your move.
Play the long game.
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
Bitcoin will go UP by Falling Wedge Pattern🚀(15-Min)🏃♂️Bitcoin has been moving in a Rectangle Pattern for over 36 hours , although we have seen 🐮 Bull Trap 🐮 and 🐻 Bear Trap 🐻 in this pattern.
➕Bitcoin is currently moving near the lower line of the Ascending Channel and the Support line .
➕Also, in the middle of the Rectangle Pattern, Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to Attack the upper line of the Rectangle pattern after breaking the upper line of the Falling Wedge pattern.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📊#BTC BREAKAWAY PATTERN appears, is a reversal imminent?💥🧠By observing the chart, I discovered one of my favorite PA models, and the RSI trading system also gave a long signal. And the wedge support line is strong enough, and I still firmly believe that liquidity is needed as fuel before falling.
HOLD👀
BTCUSD 4H (Pivot Price: 25612)BITCOIN
stabilizing above 25982 will support rising to touch 26753 then 27416 then 28326
stabilizing under 25612 will support falling to touch 25303 the 24656
Pivot Price: 25612
Resistance prices: 26753 & 27416 & 28326
Support prices: 25303 & 24656 & 24039
timeframe: 4H
❤️Please, support my work with like, thank you!❤️
🚀 Unlocking Investment Opportunities: RSI Bullish Divergence📈On Bitcoin's daily chart, a promising signal has emerged – the RSI (Relative Strength Index) bullish divergence. This pattern suggests potential upward momentum.
🔍 Understanding RSI Divergence: RSI measures the strength of price movements. A bullish divergence occurs when RSI forms higher lows while the price forms lower lows. This implies weakening bearish momentum and hints at a possible trend reversal.
💡 How to Utilize It: Traders and investors often use RSI divergence as a buy signal. It suggests that despite a downtrend in prices, the underlying strength is growing. Consider this signal alongside other indicators and research before making investment decisions.
🔮 The Future of Bitcoin: While RSI divergence is an exciting development, remember that no signal guarantees success. Risk management and comprehensive analysis are crucial in navigating the dynamic crypto market.
Keep an eye on Bitcoin's RSI divergence; it could be a key to unlocking new investment opportunities. 🌐💰 #CryptoInvesting
How to avoid the risk of futures trading and increase the winninI sorted out the principles of this long BTC trading strategy.
This is a trading system with a high winning rate that I often use. It is very simple and practical. I will share it with you now, hoping to help you.
As we all know, the risk of futures trading is very high. If you are a novice, then you are prone to failure. Liquidation and asset zeroing are common things. In severe cases, you may even screw up your life. This is very common for most novices.
So how do we change this state of affairs?
First of all, we must improve our trading capabilities by working hard to learn various professional knowledge.
The second is to use small funds to start to practice and accumulate experience slowly.
Of course, this is a very long process. We need to maintain enough patience, not give up because of one or more failures, and not affect our mentality because of market fluctuations. We must always maintain a stable state of mind to learn and practice.
Then someone will ask, what if I don’t have enough patience?
What if I don’t have much time to keep learning and practicing to improve myself?
If you belong to this situation, without your own trading system, then failure will often accompany you until you leave the futures trading market forever as a loser.
Or you choose to strictly implement the trading strategies of professionals.
miro.medium.com
Instructions for the entire trading process, you only need to execute
The first thing we think of when doing futures trading is not to make money, but how to keep the principal!
This is very important. Only under the premise of keeping the principal can we be qualified to seize more opportunities.
Can’t have too much FOMO
If you follow the trading strategy of the wolf king, then you have to choose to believe and reduce hesitation to improve efficiency.
In the process of following, your trading ability will definitely be improved.
Below is my RSI trading system:
RSI 4 times cycle contrarian principle
In a down (up) trend
Only when the RSI reaches the overbought (sell) zone
And retrace the 50 position (sometimes it will retrace to the opposite oversold area)
Only when it breaks through overbought (sell) again will it consider doing a counter-trend Reversal.
You can look for the inverse principle
Open long positions, but don’t be too greedy to hold them for a long time. The reverse principle can only obtain short-term profits.
There are many people who are good at opening positions, but few are good at closing positions.
Because people are greedy, this requires us to act against our inner thoughts, which is undoubtedly very difficult.
RSI trend-following strategy
In a downtrend, the k-line must be below ema50
When the first time the oversold area is touched, it means that the trend has started, and then go short at each retracement support resistance position
As mentioned above, we will find that the success rate of going long against the trend is much lower than the success rate of shorting following the trend, so only when we successfully form an N-shape against the trend and stand above ema50 will we consider doing long.
This is also the reason why I drew the N-type path when simulating the trajectory of BTC.
Note that the RSI contrarian trading strategy is suitable for shock range trading and harmonic trading.
If you think this article can help you, please like and share it.👍💕
If you want to find Wolf King to help you improve your trading ability, please click on the profile of Wolf King.👀
Bitcoin is Ready to go UP from the Bottom of Ascending Channel🚀Hi everyone👋.
🏃♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 and near the Support line , and the lower line of the Ascending channel .
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢 Support zone($25,840_$25,600) 🟢 and the Support line . (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴 Resistance zone($27,000-$26,350) 🔴 in the coming hours to complete Wave C .
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Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
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Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses $FWB:40 M in 'Unauthorized' Transfers.
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Exploits, hacks and scams stole almost $1B in 2023: Report.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSD 4H (Pivot Price: 25612)BTCUSD
stabilizing above 25982 will support rising to touch 26753 then 27416 then 18326
stabilizing under 25612 will support falling to touch 24656 the 24039
Pivot Price: 25612
Resistance prices: 26753 & 27416 & 18326
Support prices: 24656 & 24039 & 23314
timeframe:4H
❤️Please, support my work with like, thank you!❤️
Bitcoin this bear bottom 15k~18k12h time frame
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Creating a completed top structure like HS can provide more momentum to future dump.
Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS.
Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future.
Also, in order to liquidate as much long positions as possible before 2024 halving, the neckline at 25200 need to be broken, then a huge dump following based on HS structure, its final target 18500~15800, which is also the great and sweet range to buy Bitcoin!
Don't worry, we're still on an uptrend in the long run!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 is breaking through the 26700 support and the MA-200, producing a strong bearish momentum, but it is not breaking through the bullish channel. In terms of the global picture, the price remains on the rise.
Take note of the weekly chart to the left. Price is gaining pace and making a strong distributive move into the significant support level of 25000. The level is crucial to us since it includes two confirmations, one from the seller and one from the customer. I believe that another retest, particularly following the distributive movement, will result in a reversal or, at the very least, a significant bullish reaction.
Traders are waiting for fundamental confirmation before taking action on cryptocurrency. At the moment, it is the SEC's approval of BTC-ETF futures applications. This will breathe new life into the market.
Most likely, this movement within the uptrend was initiated in order to purchase the asset at a cheaper price before continuing rapid rise.
Moving averages are functioning as a barrier. The market is in a period of correction.
Levels of support: 25000, 24819
Levels of resistance: 26707, 28474, 30575
The market is in a positive trend, and a correction within the upward channel on the garfish is building, which may conclude near support.
Levels of support: 25000, 24819
Levels of resistance: 26707, 28474, 30575
The market is in a positive trend, and a correction within the upward channel on the garfish is building, which may conclude near support.
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
#BITCOIN= SHOW SUPPORT TO OUR FIRST IDEA.Hey Everyone,
Price have accumulated since last few weeks and now we are expecting price to continue the bullish trend until $62000 which is our primary target, it is worth noticing that price have potential to reach that target as economic and other factors are supporting the idea.
Thanks for your support in advance :)
🚀Bitcoin Ready to Rise Again (short-term)🚀💡 After Grayscale Emerges Victorious Against SEC in ETF Case , Bitcoin was able to break the 🔴 Resistance Zone($27,000-$26,350) 🔴.
❓The question here is, will Bitcoin find an upward trend❗️❓
🌊Let's look at the movements of Bitcoin in terms of Elliott Wave theory .
🌊In my opinion, Bitcoin is still in corrective waves after yesterday's rise, so that it is currently completing microwave 4 of microwave C of the main wave 4 .
🌊The correction structure of wave 4 is a Zigzag correction type(ABC/5-3-5) .
🌊Microwave 4 of microwave C of the main wave 4 can be considered as a pull back to the broken 🔴 Resistance Zone($27,000-$26,350) 🔴.
🔔I expect microwave 4 of microwave C of the main wave 4 to end at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to start rising again (the main wave 4 🎯target🎯 could be near the Resistance Line ).
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🌐➕ Positive News ➕🌐:
🔥Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF Case.🔥
Bitcoin (BTC) HODL Metrics at Five-Year Highs.
Binance to serve Belgian users via Polish arm.
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer.
Coinbase shares jump 14% amid market revelry over Grayscale win.
Binance launches Send Cash in Latin America.
Elon Musk’s X moves closer to crypto payments with new state license.
🌐➖ Negative News ➖🌐:
16 Bitcoin mining companies have $4.47 billion in losses in a year.
Binance considers a full exit from Russia: WSJ
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Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Inverse H&S that sends $BTC to $42k-48k?The price action today changed my bias from bearish to bullish.
Here's why:
- We're forming an inverse head and shoulders
- We got a green flat bottom Heikin candle on the 1D (this could change by close) but still usually signals a reversal in trend
- On the 2D chart, we went higher on a Demark buy 9
- Ichimoku looks bullish, with price on high timeframes still above the clouds
- RSI 1D bounced at my 32 bullish level
- Double bottom on the 4H OBV
- We flipped the $28.6k level as resistance as support (for now)
The bearish case now is lesser than the bullish case looking at the chart structure. The bearish case would be:
- Still have a weekly red heikin ashi candle with a demark count of 2 (bearish trend)
- Price is below the cloud (12hr) as you can see from the chart
But being we bounced at previous resistance, my bias has flipped bullish for the time being.
I still think we'll chop around in this area until Sunday before making a larger move, but I'm now scouting entries instead of looking to buy lower.
In terms of where to buy, there's a support at $29.5k, the one at $28.6k and $28.3k. If this is the start of the impulse, oftentimes, you get 3 tests of support before the leg up begins (to make people think that support is breaking before a move higher).
I'm going to bid half of my position at $28.6k and the other half at $28.3k to see if those two get filled. If you wanted to take a more aggressive entry, you could bid $29.3-29.5k. The bottom support on the chart hasn't gotten tested yet as support, so it would make sense that we'd get the final 3rd wick and test of that support before the move up (my logic for bidding lower).
Let's see how it plays out. A loss of that lower $28.3k level is bearish. Any price action above that is now bullish.
This lines up more with my previous idea outlined here:
BTCUSDT heading fro hourly support, likely to bounce from thereTwo trade ideas here for this. One short and then the other long. The price is rejected from 4h resistance 4HR1 and currently pulling back. I think the price is heading for hourly support HS1. Once the price reaches there, it is likely to bounce from there providing an entry for long trade.