BTCUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Btcusdsignal
BTCUSD July 2022 W.2: Short-term to Medium-term trendHi friends, I hope y'all are having a profitable week ;)
Today, we have a 2 possible short-term trades that will build up to medium-term trades after the price has bullish broke and retested the (Possible) Mini Weekly Neckline. I got these trades signals from the weekly and monthly. The weekly expects bullish retests on the 2nd Weekly Key Lvl (that was previous broken and not retested) and 8 m.a (that wasn't retested by the first level to confirm the trend-continuation to where the price is at right now - on level 2). The monthly, on the other hand, expects a bullish on the huge double top neckline and on the 50 m.a and bearish crossed short-term m.a's; the patterns accumulation phase bullish reversal candle or reversal pattern will counter-trend to the targets. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and not.
Bulls: -If the price bearish spikes the 8 m.a with a bullish candle formation or reversal candle pattern close (1st signal) that leads the price to bullish break and retest the 4H Neckline (2nd signal), according to the 4 hour: the pricen will be in prep to rally for the half a bats L2 & L3 and 200 m.a; and according to the daily: the price would be in prep to rally for the triple bottoms neckline and 50 m.a as the 1st targets, so once that happens, then we should BUY!...(E.1 & E.2)
Bears: -If the price bearish drops to break and retest the 1st 4H Key Lvl together with the 8 and 50 m.a's (1st dis-confirmation) and proceeds to break and retest the 1st Monthly Key Lvl (2nd dis-confirmation), that will tell us that our trades are invalid, hence we won't take them.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
July Week 1: Short-term trend signal!Hi everyone, I hope y'all having a profitable week ;)
Today, I'll keep it short and straight to the point. As y'all saw on that this crypto has been dropping since the beginning of May. During that drop, the price didn't retest some major key levels that were supposed to fully confirm the bearish trend. So having them leftover like that means that they expect retest to be made before the bearish trend-continuation (if it will continue though). With that said, let us look at how this trade will be triggered and dis-confirmed.
Bulls: -If the price closes with a bullish reversal candle pattern above the 4H Half a Bat Neckline and 8 m.a, that will trigger our trade signal that will produce a 3 level bullish uptrend to our take profit point. I call this type of trade a "H&S A-E.3 signal".
Bears: -If the price bearish breaks and closes below the 4H Half a Bat Neckline and 8 m.a, before or after taking our trade, that will dis-confirm it.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1
June W.5: Short-term trend signal!Hi friends, I hope y'all having an amazing weekend and also preparing for the last week of the month ;)
Today, we got a counter-trend signal on this baby. This crypto has been dropping for weeks, and it didn't retest a couple of key level targets on the daily upwards. Moreover, huge gaps were formed between the price and short-term m.a's on the weekly and monthly, they have to be closed with retests that will fully confirm the bearish trend continuation that we hopped on - on the 1st week of May 2022 (check the previous posts). So, let us now look at how our trade will be triggered and dis-confirmed.
Bulls: -The price will bullish rally for the H&S and short-term m.a's trend and for the 200 m.a - probably after it has closed with a bullish reversal candle pattern above the 1st 4H Key Lvl and 8 m.a. I call this type of trade an "H&S A-E.3 signal"
Bears: -The price will dis-confirm this trade by dropping to its stop-loss point - probably after it has bullish bounced off the Daily Neckline 2 with a bearish reversal candle pattern that will lead the price to bearish break and retest 1st 4H Key Lvl together with the 8 and 50 m.a's.
That's it for today. I hope you found value in this. If you have a different concept, feel free to share it in the comments section or in private with me, I'd love to know what you're thinking!
Stay Blessed,
Doji-2k1.
BTCUSD Flash | What is happening?Price is currently sitting on both a bullish trendline and a strong demand zone that has held price "supported" since February 2022. Are we going to witness a breakdown or trend continuation in the next couple of days? What do you think?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BTCUSD | Perspective for the new weekBTC suffered a plunge to a significant support level at around $34,000 area after news of Russia attacking Ukraine broke out. However, the appearance of a double bottom structure at a significant level of $34,000 incites potential recovery that is due for a relief rally as the Bulls take control with a target at $54,000 area in the meantime.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom/Breakout)
Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 4 months.
ii. On the 4-hour time frame, It is obvious that the overall momentum of price action has been bearish with the bearish trendline going as far as October 2021.
iii. However, at beginning of this month, we witnessed a breakout of this trendline to signal that the bearish trend might be losing momentum thereby giving way for the bulls to thrive.
iv. $34, 000 level seems to have held price "supported" in the last 34 days to signal a reversal set-up in the form of a Double bottom structure.
v. The appearance of a Double Bottom within the identified Demand zone at $34,000 describes a possible change in trend and a momentum reversal from prior leading price action with confirmation at Breakout of Key level ($45,000) which is also the neckline of the pattern.
vi. From my personal perspective, I will like to join the potential rally early so that I can have opportunities to stack my position if the price moves in the intended direction.
vii. In this regard, I shall be looking to open a position at breakout/retest of $40,000 (identified on the chart with a purple barrier) and anticipate adding to my exiting position at breakout/retest of the neckline of structure at $45,000.
CAUTION: Considering the overall bearish momentum, a breakdown of the demand zone at $34,000 shall render this narrative invalid as I will continue to hold a bullish bias above $40,000 ... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 12,000 pips.
Risk/Reward : 1:10
Potential Duration: 7 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BIAS SITUATION, BUY IF YOU CONFIDENCE (HIGH RISK)
Today the movement is quite biased, but there is a possibility of a retest to the $40,000 area. and also there is a potential fear index that will turn to greed. Market sentiment has started to recover in the direction of buying. But don't be too greedy, because I still see hidden bearish indications and there is a potential for a reversal towards $33,000 or lower.
LONG $33,000 - NOW
SHORT $40,000 - $45,000
BTCUSD Down Trend#BTCUSD Hello trader, I hope are good and safe. Today I opened the chart of #BTCUSD for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #BTCUSD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
BTCUSDHello traders,
starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year
As I have been telling you since November 14th... in case of a weekly closing below 59600 I will prepare for SELL up to the area of 48000 or even 42000
... BTC hit my number 3 target and bounced hard
THIS WEEK...even if I was harshly criticized and many laughed at my technical analysis ... here that BTC also reached my target no. 3 and now it is very close to continue the road to 36900 or even 30000
However, being an extremely difficult area, I will wait until January to close to make a decision!
if it closes over fibonacci 618 for 1 month I will look for BUY at 48k or even 53 ... if not, SELL up to 30k
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
BTCUSD Ascending Channel Pattern#BTCUSD Hello trader, I hope are good and safe. Today I opened the chart of #BTCUSD for 1 Hour and analyzed it then I see that this chart has made a ASCENDING CHANNEL PATTERN, So I hope #BTCUDT will go downside,
If the market does not break support & resistance line then the market will go up.
Now Nice opportunity for short& long..
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
BTCUSD | Perspective for the new week | Follow-up detailsIt took a whole 3 months for the price to move over 17,000 pips in our direction since my last publication on this pair (see link below for reference purposes); that is approximately 83.7% growth in 3months! And following the sudden loss of $10,000 during last week trading session (7th of Sept 2021 to be precise), the price has remained untypically stable with high hopes of breaking the $46,000 landmark (Key level) in the coming week(s) and this feat (Breakout) could possibly incite a significant rally.
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. Since price broke above and retest our Neckline @ $40,000 in August 2021, we have witnessed a 41.65% growth to hit a peak @ $53,000.
ii. The line drawn under pivot lows is a visual representation of increasing demand for BTC and this also reveals the prevailing direction of price action in the last two and a half months.
iii. At the time of writing this report, the price is presently at $45,900 and the current price sharing a confluence with the pre-existing Trendline could be another clue for a rally continuation if the Trendline is not broken to the downside.
iv. At this juncture in the market, we can not ignore the possibility that the Trendline can be broken to the downside and if this happens, I have identified a range around $38,000/42,000 for the opportunity to take advantage of the trend continuation hence patience is key.
v. This been said and considering volatility expectations, breakout/retest of the Key level at $46,000 remains comfortable for me to take a long position on this pair in the coming week... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 18,000 pips.
Risk/Reward : 1:6
Potential Duration: 12 to 25days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Bitcoin in Correction mode. Will Hit 42.5K zoneBitcoin has broken lower channel have retested it.
At this stage next support it can find is at 42500 zone. Most probably it should bounce off this support.
However if it is unable to hold this support, then next support is at 40800 zone.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Bitcoin targeting $33K, and dropping to $32K!!!BITSTAMP:BTCUSD
Bitcoin as we know is overall bearish on Higher Time Frames. I mark off my daily balanced-price key-levels and look for support or resistance. Currently we are resisting a key balanced price level, the recent buy trend on the smaller time frames was a run on buyside liquidity to indicate manipulation and accumulation to ultimately distribute to the downside. Price offered 62% premium to sellers and we are currently seeing new orders being placed at $34,500 key level. Price will return back to $33,000 and ultimately drop through to $32,500.
Marking off the mirrored ranges on the 1H indicates that this current range is fulfilled and the accumulation is coming to an end. Distribution will begin to unfold, targeting lower prices based on the resistance we are finding within the balanced price range from the daily level.
If you notice on the 1H there are bigger mirroring-ranges (red ranges) that total roughly 1955 points each, and smaller mirroring-ranges (blue ranges) that total 1290points each. The current range has been completed at 1955 point roughly, so it is now time to get back in line with institutional order-flow and overall directional bias; thus, distributing back down to lower prices and beginning a new smaller mirroring-range.
It is currently Monday morning in China as I right this at 10PM EST, which tells me we will see the Chinese version of NYC volatility tonight given China controls a lot of the bitcoin, "so I have heard at least." With all of this in mind, I am bearish on Bitcoin for a day trade/short term trade back down to $32,500.
BTCUSD | Perspective for the new weekThe volatility of Bitcoin during the course of the weekend continued with a sudden drop to $33,500 which was immediately followed by a sharp recovery by a couple of thousand dollars. In the last 3 days; Swings at decisively overcoming the $40,000 (Neckline and Key level) barrier proved abortive as every attempt was met with a vigorous rejection dipping further into the $33,500 area. With the appearance of what looks like a Double bottom structure ( a strong reversal pattern) at the Demand zone indicated on the chart describes a "potential" change in trend and a momentum reversal from prior leading price action, I look forward to a rally in the coming week(s) with Breakout/Retest of Neckline @ $40,000 serving as a signal for entry.
Tendency: Uptrend (Bullish)
Structure: Impulse Leg | Supply & Demand | Double Bottom (reversal pattern)
Observation: i. The appearance of a Double Bottom look-a-like describes the drop of price to $31,100 area, a rebound to $40,000 area, another drop to a similar level as the original drop, and finally, another rebound appears to build at the time of this report.
ii. In this regard, the twice-touched low is considered a Support level (Demand zone) for a future buying opportunity.
iii. The Double Bottom following a major downtrend (Impulse Leg) which began on the 10th of May 2021 signals the reversal and the beginning of a potential uptrend.
iv. For me, the second Key level @ $34,500 shall serve as a borderline for buying opportunity as anything below this level shall be invalid for a potential rally.
v. For the very cautious traders who prefer to be on a safe side :), a Breakout/Retest of Neckline (Key level I) @ $40,000 ( a psychological level) might be a comfortable haven for a rally continuation... Trade consciously :)!
Trading plan: BUY confirmation with a minimum potential profit of 1,700 pips.
Risk/Reward : 1:19
Potential Duration: 7 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
don't miss this great opportunity for buying bitcoingreat opportunity for buying bitcoin
I see 3 confirmations to make this amazing long trade
1- the strong key level that contains support and resistance
2- the price starts to make down channel and following the down channel strategy I see the price touch the downtrend on the channel that aligns with the key level so this is the perfect place to start buying from
3- divergence on RSI indicator, amazing signal for trend reversal
so after these confirmations, I don't want you to miss this good opportunity for buying bitcoin with me :))
#EG_Finance
TRUST THE PROCESS
BTC/USD To Test $50323Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 50184.12 level after trading as low as the 49136.93 level during the European session, with the interday low below the 23.6% retracement of the depreciating range from 55469.98 to 47464.65. Traders pushed BTC/USD as high as the 50298 level during the European session and later buying pressure saw BTC/USD test the 50% retracement of the recent depreciating range from 51056.56 to 49136.93. Chartists observe that recent lows represented the pair’s weakest prints since early March. Several Stops were elected during the recent sharp move lower including below the 59734.61, 56539.69, and 53957.50 areas. The recent lifetime high of 64899 represented a test of the 64835.59 area, an upside price objective that is technically significant based on buying pressure that emerged around the 16200 area.
Significant Stops were also recently elected above multiple upside price objectives during the sharp climb including the 61065.64, 61463.38, 61732.54, and 62026.52 areas, levels related to buying pressure that originated around the 9819.83, 17580, and 16200 areas. Additional upside price objectives include the 66200, 66739.76, 68674.28, and 68973.24 levels, areas related to buying pressure that originated around the 16200, 17580, and 9819.83 levels. Potential technical support areas during pullbacks include the 48180.39 and 47698.96 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 53995.98 and the 50-bar MA (Hourly) at 50022.49.
Technical Support is expected around 47464.65/ 46556.35/ 41851.15 with Stops expected below.
Technical Resistance is expected around 64899/ 66200/ 66739.76 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
BTCUSD-Coinbase Euphoria does not last long, BTC on a Downtrend?Hi,
Based on my 4H chart analysis, BTCUSD is moving on the downtrend line. This has been the second bounce on the trendline.
The Bitcoing enjoyed the bullish movement on the brink of the coinbase IPO. However, the euphoria might not last lost, as BTC could experience a correction here.
Happy Trading!