BTC LONG!BYBIT:BTCUSDT.P
BTC needs to break and hold 22.7k level for upside and possible breakout of $25k level.
We build ideas from support.
Possible entry at pullback "zone" - look for fake out with entry trigger via bullish candle in this area for upside.
Chart shown is compressed to provide more holistic view.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
SPX has had a good bounce off the 200 Daily so pullbacks will provide entry ideas for BTC at pullback zone.
Btcusdtsignal
Bitcoin Move to 150K on a monthly predictionHey guys,
Here's a monthly chart on Bitcoin, keeping it way too simple. (:
I believe the major bull run to 150K area will begin only after the test of 10-12K area. There's even a possibility of a wick to 6-7K when that happens.
Remember this is monthly chart. The chart and the drawings on it speaks for itself so I won't go into details that much.
In 2023, I'm assuming these drops and in 2024, we'll begin the moves with the halving helping the moves as well.
So I've selected investment strategy as short for the time being when publishing this idea but in long term it's still long.
PS: This is not a financial advice! Always DYOR. Cheers!
BTCUSDT-WEEKLYIn the continuation of the above weekly time analysis, we will examine the view of the second weekly time with full details:
In general, we see 3 patterns of harmonics on the overall chart:
1. Area D1-15579
2. Range D-10810 (ABCD PATTERN)
3. Area D3-3930
We got the first target and based on that we expected corrective targets which failed to get the corrective confirmation. Now the first reduction range is based on the pivot point of 20668. After that we have the resistance of the oscillating rectangle at the 19428 range. In case of failure, we can repeat the first target Get the harmonic range of 15579
The first point: the range between 25135 and 15579 can have a correction space of the main decreasing wave.
If the range of 15579 is broken, the next target is the range of 13037 on the pivot point, after that we can complete the next big pattern and complete ABCD in the range of 10801.
If prz10810 is broken, we have 2 targets based on the pivot point in the ranges of 6912 and 5282, and then the bottom of the specified rectangle is 3369.
The second point: in the rectangular range between the ceiling of 19428 and 3369, you can expect fluctuations and the best strategy is price movements between these two areas.
And finally, the last target of the main movements is the third harmonic target and the area of 3930.
Third point: Each of the main goals or between them can act as a resistance for further reduction or forming a correction space between the main reduction movements.
Currently, we do not have any additional confirmation and we are with you with the trend in the down time.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
My last futures pos was closed in breakeven, spot i still hold with entry(18150) and stop in breakeven.
There are 2 options on the chart:
yellow: we will have a flat correction in the form of a triangle (as long as the price is above 21400), since we fell in a zigzag from the top,
blue: there will be a deeper correction in form of a double zigzag with a 20k retest + closing the gap there and only then growth will continue.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BTC/USD market commentary on 3/3/2023On the daily chart below, we can see that the buyers failed to break the 25K level with conviction and gave way to the sellers. The top came exactly at the previous August 2022 high and the divergence with the MACD signals that the price is likely to fall back to 21500 level which is the first target for the sellers.
There was some uncertainty in the market given the talk of seasonal factors skewing the economic data based on the month of January, but since the S&P Global US PMIs are based on the recent month of February and they came out strong, the market got that extra confirmation that things are really turning for the worse.
On the 4 hour chart below, we can see that the price has pulled back a bit into the 50% Fibonacci retracement level and it’s now eyeing a breakout to the downside of the counter-trendline. The breakout will be the signal for the sellers to start piling in with the target at 21500.
Yesterday, the market got some bad news again from the ISM Manufacturing PMI which showed a notable bounce back into expansion of the “priced paid” sub-index, used as a proxy for inflation. The market is increasingly worrying of another wave of inflation and a more hawkish Fed. These are bearish developments for the crypto market.
On the 1 hour chart below, we have a more closer look at the near-term price action. For the sellers the breakout of the counter-trendline is the one to watch, while for the buyers, the breakout above the 24000 level would give some hope for another test of the 25000 top.
Tomorrow, we have the ISM Non-Manufacturing PMI which is another key economic report. Strong readings will push the prices even lower, while weak data may give the buyers some relief.
Recommendations for trading BTCUSD:
SELL BTCUSD ( 24.200 - 24.000 )
Stoploss : 24.600
Takeprofit 1 : 22.700
Takeprofit 2 : 21.500
Takeprofit 3 : 21.000
BUY BTCUSD ( 20.800 - 21.000 )
Stoploss : 20.500
Takeprofit 1 : 21.700
Takeprofit 2 : 22.300
Takeprofit 3 : 23.500
Note: Always install TP and SL in all cases
BTCUSDT Elliott Waves Analysis (Local Expectations)Hello friends.
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Everything on the chart. (update)
Entry: market and lower
Targets: 25 - 26 - 27k
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of scenario - 21500
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
The Essence of Trading Games1.The essence of trading games is constantly seeking the optimal strategy in a dynamic and changing environment.
2.The essence of trading is a group game. To trace it back, it is about constantly evaluating the amount and inclination of potential buyers outside the market, against the amount and inclination of chips held inside the market. Buy when the former is greater than the latter, and sell when the latter is greater than the former. The reasoning for buying inclination mostly comes from the effect of making profits, while the reasoning for selling inclination mostly comes from the effect of losing money. Then, combined with the overall market trend and the current hot spots, instant operational judgments are made. Operations are instantaneous while judgments are dynamic.
3.The essence of stock price movement is a game between holders and fund raisers. One should understand the motivations of both parties and position themselves on the active side. As the market sentiment shifts from limited downside to disappointment and exiting, the emotional part of the chips held inside the market gradually dissipates. At the same time, outside funds gradually accumulate. When the moment of market sentiment reversal arrives, funds will flock in, and this process will continue to repeat. If there are any regularities in the stock market, this process of emotional transformation is one of them and will not change greatly within the next thousand years.
4.During a strong market, the logic of buying stocks is that capital under the effect of making profits continuously enters the market, so the probability of selecting strong targets by later funds is high. Therefore, strong targets are chosen. During a weak market, the logic of buying stocks is that the spreading effect of losing money in the market leads to the continuous outflow of panic-selling. Thus, only a small amount of buying can push prices up. Therefore, buying at a low price is advisable.
5.Studying history provides insights into the rise and fall of things. This is also true for the stock market. Once the regularity of the rotation of past hotspots is grasped, the accuracy of natural expectations will improve.
6.If one understands the heart of the market, success will follow closely. If one's heart is controlled by the market, failure will persist.
7.Not all phenomena can be explained, but some have universal regularities. For example, the good timing for left-trading is after a continuous decline followed by a collective sharp decline. One should be particularly careful when there is a collective limit up after a continuous increase.
BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
2 possible options:
yellow if ending diagonal(my main scenario) with touching my main target zone 27-28k, then starting of correction.
orange if correction will start soon - confimartion - fixing under ~22800
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT : Analysis , 1DHello traders, we want to check the Bitcoin chart in the daily time frame. The price has broken out of a descending channel, but this does not mean that the upward trend has started. After settling in a range channel, the price has now reached the channel ceiling. How the price reacts to this area plays an important role in the future trend of the market. In order for the overall market trend to become upward, the price of Byte can break this area well. If the price can break this area, the next targets we expect are the price It will reach 28,000 and then 30,000, but if the price shows its weakness and fails to break the area upwards, we expect it to fall around the price of 21,000. Good luck.
BTCUSDT: 28600$ ~ 32000$Hello friends. Looking at the Bitcoin chart, we can see that in an upward trend to reach its monthly base target for its liquidity, it seems that the market giants made this quick move to sell their coins to retailers again. My expectation is path one to $28,600 and I consider it more likely than path two. The target was 2:32,000 thousand, but after that, the market continues to fall.
👀The first target is marked with purple color. and target up to $28,600
👀The second goal is shown with a pink dashed line: $32,000
BTCUSD 30m Short sellingHello guys,
This is a very urgent trade. What are we going to see today is Bitcoin. COINBASE:BTCUSD is coming very fast to continue its resistance level . So speed is very important in this. This is an opportunity to short sell .
Trade safe!
Thanks & Regards,
Alpha Trading Station
#BTC UPDATE 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/USDT ANALYSIS
BTC is retesting over the descending channel and trading above the Ichimoku cloud. Volume is going in favor of bulls, as we can see in the current wave that bulls are still dominating.
BTC is taking a correction to balance the wave structure, and a strong bullish rally is expected just after the completion of the corrective wave.
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 youvel of $21300.
BTC - Short strategyBYBIT:BTCUSDT.P
4h time frame
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BTC did a pump after announcing CPI, but still faces the structural resistance (22350~22500)
According to last BTC analysis, we can set final TP at 20900 which is a nice support level to form an inverse HS.
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Entry: 22350~22500
TP: 21200, 20900
SL: if successfully break up this DC(Descending channel)
BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Nothing has changed from my last idea, we got correction like i expecting.
I think that we should get one more decline in zone 20500-19500 before continuation of growth.
Target zone: 27-31k
Stop: under 17k
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT : Short Trade , 1hHello traders, we want to check the Bitcoin chart in the 1-hour time frame. Bitcoin has broken down the price range with the power of a zone, and the price zone of 22300 and 22500, which was a support level, can now play the role of a resistance zone for us. slow. If the price of a correction goes back to this level as well as the trend line, we expect the price to continue its downward movement until the next key level, which is the price of 22,600. Good luck.
BTCUSDT : Long Trade , 1hHello traders, we want to check the Bitcoin chart. Bitcoin is moving in an ascending channel and managed to break the small descending channel in the upward direction. If the price returns to the key level of 23118, it is a good point to enter the trade and we are waiting for The ceiling of the ascending channel means that it should grow around the price of 24239. Good luck.
BTCUSDT buy Entry : 23118
Stop : 22558 , Target1 : 23681 , Target2 : 24239
Risk/Reward Ratio : 2
BTCUSDT : Long Trade , 1hHello traders, we want to check the Bitcoin chart in the 1-hour time frame. The market is moving in an upward channel and has reached the price level of 23223 and 23323. If the price succeeds in breaking the downward trend line, it will return to the price level of 23323. It is a good entry point to enter the trade and we expect the price to grow again to around 24200. Good luck.
BTCUSDT buy Entry : 23323.03
Stop : 22885.39 , Target : 24198.31
Risk/Reward Ratio : 2