Btc upward trend and patiently maintain
The turmoil of Bitcoin is indeed a torture. Whether it is time or space, this is a long -term game. For those who see many people, they can only wait patiently for the second outbreak. It is recommended to buy this position at a price of 27,400, control the risk of 26,800 and the target 29200 ~ 31600
The picture above is the daily chart of Bitcoin
Bitcoin bullish is based on the following points:
1. The current Bitcoin impact can be regarded as a short -term formed top, or it can be regarded as adjustment in upward. The difference between the two is whether the two can maintain 26500.
2. According to the research and judgment of my trading system, the current height of C Wave 1 continues. As long as there are still 26,500, the rise will continue.
3. The upper pressure is 29200 ~ 31600, and the lower support is 27300 ~ 26500.
The transaction method is not complicated, just like building blocks, there is no complex structure and technology, but you need to spend a little time to ensure that each step is not wrong. Then continue to move forward.
BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
Btctrading
In Short Term BTC is BullishIn our daily chart, you can see in the orange circle wave 4 in blue and wave 2 in black which are edging buy area. The green Fibonacci Retracement 38.2% area shows the end of wave 4 which is a buy area once BTC(Bitcoin) is bullish in short term. Wave 2 is an edging buy area and we need to wait for some weeks to happen. Don't sell BTC(Bitcoin) in all time frames now . Next week, we'll update this chart again.
btc:High volatility, the next goal is to hit 30K?Last week, the U.S. dollar remained weak and risk appetite returned strongly, keeping Bitcoin (BTC) firm. Technically, continue to pay attention to how Bitcoin breaks through the range consolidation. If it can break through the top of the range at 29,000, it may challenge the 30,000.
Bitcoin (BTC) Holds Highs on Weaker Dollar and Strong Return of Risk Appetite
The general financial market environment was favorable for Bitcoin (BTC) last week. Despite a series of hawkish comments from Fed officials and rising market expectations for a rate hike in May, the U.S. dollar remains weak and risk appetite has seen a strong recovery, which constitutes support for Bitcoin (BTC).
As worries in the U.S. banking sector dissipated, Fed officials took a hawkish stance in favor of continuing to raise interest rates. The chairman of the Richmond Fed said that "as long as the risk of inflation persists, we will continue to raise interest rates"; the chairman of the Boston Fed said that "we will not cut interest rates this year, and will continue to tighten policies to fight inflation"; the chairman of the Minneapolis Fed said that inflation must be fought, The 2% target will not be changed.
In terms of Fed rate hike expectations, at the beginning of last week, the market expected that the possibility of the Fed continuing to raise interest rates by 25 basis points in May was less than 20%, but at the end of last week, the probability of continuing to raise interest rates in May increased to around 50%. Even so, the U.S. dollar index is down 0.5% for the week, and the dollar’s weakness is bullish for Bitcoin (BTC).
This week's rise in risk appetite has particularly supported the prices of riskier assets such as Bitcoin (BTC). Although the dissipation of worries in the US banking industry did not make the Fed's policy outlook return to hawkishness, investors' appetite for risky assets has become greater than before the Silicon Valley Bank crisis. The S&P 500 surged 3.48% last week, hitting a one-and-a-half-month high.
The data released by the United States last Friday showed that the core PCE price index recorded an annual rate of 4.6% in February, while it is expected to remain at the previous level of 4.7%; the overall PCE price index recorded an annual rate of 5.0% in February, lower than the expected 5.1% % and the previous value of 5.3%.
As the Fed's favorite inflation indicator, the unexpected decline in PCE inflation will increase the possibility of the Fed pausing interest rate hikes, thereby continuing to suppress the dollar and support risk appetite, creating conditions that continue to favor the trend of Bitcoin (BTC).
Bitcoin (BTC) price trend technical analysis: If it breaks through the consolidation range, it may try to break through $30,000
The four-hour chart shows that Bitcoin (BTC) has fluctuated in a large range of 26,700-29,000 since March 18, and has entered a smaller range of 27,700-29,000 since last Wednesday. Short-term suggestions focus on how to break the smaller range interval.
If Bitcoin can break through 29,000, it means not only breaking through the small range but also breaking through the large range, or ushering in more room for growth, and it may point to 30,000 and higher levels. And if it falls below the support around 27700, the bottom of the small range, it may fall to around 26700, the bottom of the large range. If it continues to break down, it means more downside space.
I have been busy with my own affairs recently, so it has not been updated for a while. The overall idea of Bitcoin has not changed. You can hold it with peace of mind.
BTC updateAs you can see, price run buy side liquidity, with 12h close below. This is means a lot of breakouts traders trapped. For me is obvious short scenario with equal lows target. Also lower we have unfilled imbalanced, this is a good confluence to see price lower.
Not a financial recommendation.
Thank you for like this idea, have a good profit!
Bitcoin next huge volatility is comingBYBIT:BTCUSDT.P
4hr time frame
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Bitcoin is consolidating as a symmetrical triangle and approaching to the end.
It will make continuation no matter break upside or downside.
I personally tend to see it break below this triangle, and do not miss the good opportunity.
BTCUSD: Market manipulated?Overanalyzing is not always required as sometimes the simplest things can yield the desired outcome. As the economy becomes more stable, gold loses its appeal as a safe haven, and bitcoin loses its attractiveness as a lucrative investment option.
Anticipating a potentially significant drop in the value of bitcoin!
WILL BTC HIT $29.5K?Hello traders, I hope you all are doing well. It's been a while since I was not around posting updates. My apologies for the inconvenience.
Well, the daily open has been quite dramatic where we saw BTC reaching $29.2k and then quickly dropping back to $28k. With the recent price at $28.5k, I am expecting BTC to reach $29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at $28.6k and BTC needs a candle closing above this resistance to secure the $29.5k rally.
On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price.
Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the $31k resistance.
I hope this hourly update was helpful to you. Thank you for reading and trade safely.
Crypto exchange manipulation BTCHi guy, today something about yesterday night and how crypto exchanges can manipulate the cryptocurrency market.
Exchanges can manipulate the market in various ways, although it is important to note that not all exchanges engage in this behavior.
Here are a few ways how crypto exchanges can impact the market ( be careful about your trading and money):
1.) Wash trading: Exchanges may make fake trades to increase trading volume and create a false impression of liquidity.
2.) Pump and dump: Exchanges or groups of traders may agree to buy and sell a certain cryptocurrency in large quantities, causing the price to rise and fall rapidly.
3.) Front-running: Exchanges or their staff can use information about upcoming trades to gain an advantage over other traders.
4.) Stop loss hunting: Exchanges or experienced traders can identify where stop loss orders are located and manipulate the price so that the activation of these orders triggers further selling, leading to a drop in price. They can then shop at a lower price.
5.) Spoofing: Exchanges or traders may create fake orders that they never intend to fill. By doing this, they can influence the price of a cryptocurrency by showing other traders that there is interest in buying or selling at a certain price.
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Well, it's a topic that isn't talked about much, but as I've already written a few times in some other charters, pay attention to what you're trading, apply to a larger time frame and volume (volume indicator tradingview does not count as indicators (max 3 in free mode)! so I recommend having it on non-stop)
Stop Loss yes, but only if you are at the breaking point and it is not clear where it will go, or if you are in profit and do not know when to exit the position, or if you continue trading in a certain direction after obtaining the first / second target.
That's all for me for today, if you have any comments or ideas, send it down or to DM.
BTC: Follow me, next target is 27K
The cryptocurrency market is one of the panic groups, as many institutions may still deposit with Silicon Valley Bank. With the announcement of the Federal Reserve's bottoming, the sentiment in the cryptocurrency market has stabilized slightly, and the concept of decentralized cryptocurrency has begun to play a safe-haven role as investors' distrust of the traditional banking industry deepens.
Under the dual stimuli of the safe-haven sentiment and the weakening of the US dollar, token prices have made breakthrough progress, and the Bitcoin price has broken through 25,000, a critical level since August 2022, with significant significance in the short-term trend. Bulls are expected to have further opportunities to test 28,000-30,000. If the market can reach 30,000, it will help to establish the real bottom.
Do you remember when we bought at the bottom and went long below 20K and were questioned and ridiculed by countless people? But we were fearless and firm in going long because we had already seen through the washing-out strategy of the main players. First, let all the longs in the market get out, and then rise straight up without giving any reaction time. You can say that this is a conspiracy, but I have already seen through it. The upward trend of the bulls has been established, and congratulations to friends who have followed my layout, that is, following the main players.
In the future market trend, don't think that Bitcoin will have much room for further decline because the main players will not give better opportunities to follow. If you missed the chance before, you can choose to buy Bitcoin near 24K. The next target is 27K, and reaching 30K is only a matter of time. I will also update the latest layout in a timely manner, so please continue to follow.
BTC IndexI think that wave 3 is not finished yet, so we have to wait for the end of the current correction and the completion of wave 3. In general, the trading map is as specified.
In general, it should be said that the conditions are not yet ready for big increases and I can say that we are currently in wave B of A B C.
Be successful and profitable