BTC/USD Staring 11000 In The Face: Technical Analysis28 July 20TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION
Bitcoin (BTC/USD) extended its rampage higher early in today’s Asian session as traders continued to push the pair closer to the psychologically-important 11000 figure following its swift moves and acceleration through the 10000 and 10500 levels. The pair traded as high as the 10968.00 area during yesterday’s North American session before briefly giving back some intraday gains. Traders have lifted the pair above some historical levels of technical significance in recent days, including the 9532.39, 9772.95, 9948.12, 10260.38, and 10354.90 levels. Stops have recently been elected above the 10268.38, 10276.29, 10354.90, 10615.49, 10647.72, and 10816.43 levels. If BTC/USD is able to continue its recent upward trajectory, traders will pay close attention to upside price objectives including the 11026.97, 11115.62, 11340.92, 11399.17, 11407.81, 11510.44, and 11604.29 areas. Following BTC/USD’s move higher to the 10968.00 area, updated levels of technical support include the 10522.51, 10504.73, 10481.33, 10459.89, 10316.39, 10218.13, 10180.25, and 10145.56 areas. Traders are closely monitoring recent depreciating ranges including the move from 9792.00 to 8815.01, the move from 10018.67 to 8815.01, and the depreciation from 10428.00 to 8815.01. Important technical levels related to these depreciating ranges include the 9416.84, 9418.79, 9561.43, 9558.87, 9582.92, 9621.51, 9734.61, 9761.09, 9811.84, 10047.33, and 10082.82 areas.
We are waiting for BTC/USD to complete the ongoing move to fill the CME Futures gap at $11.9k. There is a possibility that we go down before filling that gap but the chances of that happening are pretty slim. The most probable scenario is that we will go up to fill that gap after a retracement or potentially some sideways movement. In any case, we would be waiting for confirmation to short because this is that final shakeout.
This move is important to the market makers and whales because this is the final chapter. The bears will be shaken out and the bulls will be trapped as they FOMO into the market thinking the bull run has begun. The S&P 500 (SPX) and the EUR/USD forex pair both share the exact same outlook. Interestingly, both also risk to lose a lot during the next downtrend same as Bitcoin. Our targets of $3k and then $1k both remain intact. We have been bullish on the market since $9k as we have mentioned time and time again in our previous videos. That was when the price was trading around $8.9k and I said we are going to see $9.7k. We ended up shooting much higher than our target and for now we wait for the move to complete and for a good setup to present itself before we enter another trade.
A recent appreciating range that traders are monitoring is the move from 8632.93 to 10428.00, with the 9530.47 and 9742.28 areas representing the 50% and 38.2% retracements of this appreciation. Below current price activity, Stops have been absorbed below the 8877.48 area, a level that represents the 23.6% retracement of the recent appreciation from 3858 to 10428. Additional downside areas of potential technical support include the 8993.44, 8695.01, 8680.35, 8654.53, and 8603.46 levels. Traders are also paying attention to multiple trading ranges including the recent appreciation from 8106.70 to 9957.25, the appreciation from 6456.00 to 10079.00, the appreciation from 5678.20 to 10079.00, the broader appreciation from 3858.00 to 10079.00, and the appreciation from 8632.93 to 10428.00. Important technical levels related to these ranges include 9530.47, 9318.65, 9040.41, 9025.32, 8808.52, 8695.01, 8610.84, 8540.29, 8398.89, 8267.50, 7878.60, 7839.99, 7702.58, 7359.31, and others. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 200-bar MA (hourly) and above the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 9562.40 and the 50-bar MA (Hourly) at 9981.49.
Technical Support is expected around 10481.33/ 10268.38/ 9879.78 with Stops expected below.
Technical Resistance is expected around 11026.97/ 11115.62/ 11340.92 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 Bearishly below SlowD while MACD is Bullishly above MACDAverage.
TITLE : BUY BTC/USD
ASSETS : CRYPTO
SYMBOL : BTC/USD
ORDER TYPE : (EP1) BUY LIMIT ORDER (1/2) position size (partial low lot entry)
(EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position)
TF : Daily
ENTRY PRICE 1: $9,918
ENTRY PRICE 2: $9,718
STOP LOSS : $9,418
TAKE PROFIT 1- $10,118
TAKE PROFIT 2- $10,418
TAKE PROFIT 3-$10,718
Modify SL TO TP.3 AND TRAIL SL
TP.4 $11,018
TP.5 $11,328
TP.6 $11,718
TP.5 $12,450
STATUS : PENDING 🚨
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Btcusdsignal
BTCUSDt signal (SHORT)Hello friends.
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Everything on the chart.
open pos: put sell limit orders in the specified area
targets: 8950 - 8750 - 8450
after first target reached move ur stop to breakeven
stop: above 9600 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
BTCUSDt very locally signal (SHORT)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and put 1 more sell limit on 9310
targets: 9150 - 9070 - 9000
after first target reached move ur stop to breakeven
stop: above 9400(depending of ur risk). ALWAYS follow ur RM .
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
BTCUSDt locally signal (LONG)Hello friends.
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Everything on the chart.
We are pretty bullish .
I put 2 buy limit orders: ~9450 and ~9050. (keep eye on the price)
You can also open a position on break through the local trend line which is now in the area of 10000
scenario cancellation with growth, if we rollback and consolidation under 9000-8800
stop: 8700-8800(~6%) depending of ur risk
for me risk is justified
Targets: 10500(~12%) - 11000(17%) - 11700(~25%)
(after first target will reached move ur stop to breakeven)
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
BTCUSDt locally signal (LONG)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
stop: 8710(1.8%)
target zones: 9200(3.75%) and 9500(7.1%) - after first target will reached move ur stop to breakeven
the stop is short, the risk is justified
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
BTCUSDt locally signal (long)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
The daily candle closed above 8840, for me it is a signal to open a long position.
open pos: market
stop: 8780
target zones: 9100 and 9450 (after first target will reached move ur stop to breakeven)
the stop-loss is small, the risk is justified
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
BTCUSDt locally signal (short)Hello friends.
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Everything on the chart.
I will open a short position on the ~8800 retest or if we break through local support.
If we will a fix and accamulation above 8800, I will gladly turn over to the long position. (then the idea withopening a short- position won't be relevant)
The target zone for fixing the short position are 8300-8100.
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
BTCUSD local SIGNAL (LONG)Everything on the chart.
This is a signal from my basic BTC analysis for those who have not yet opened a long position.(link on my related idea will be lower, with a description of all the details)
If you are not already in a position, there is a chance to enter, on a small correction.
cancellation of growth consolidation under 7300
buy zone: on the chart
target zone: 7900-8100
stop: 7225 (depending of your comfort stop-loss)
risk-profit: 1 to 4
Please support my work by clicking the LIKE button and following the Trading View profile.Thank you!
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BTC/USD LONG SET UP TO $7,770-8,150TITLE : BTC/USD BUY Limit
ASSETS : CRYPTO
SYMBOL : BTC/USD
ORDER TYPE : (EP1) BUY LIMIT ORDER
(EP2) BUY LIMIT ORDER
TF : H4
ENTRY PRICE 1: $6,396
ENTRY PRICE 2: $6,286
STOP LOSS : $5,980
TAKE PROFIT 1- $6,786
TAKE PROFIT 2- $7,096
TAKE PROFIT 3-$7,486
Modify SL TO TP.3 AND TRAIL SL
TP.4 $7716
TP.5 $8,000
STATUS : PENDING
Trading Signal | BTCUSD | Swing | Elliott Wave (Mar 2020) - DTrading Signal | BTCUSD | Summary
BTCUSD crashed since the time of the last post.
Trading Bitcoin | Buy Orders | Elliott Wave
I kind of seen this possibility, but the stake was high, and I decided to publish the opportunity, so it will not be missed.
We roll with the punches.
The Conservative Entry still remains in play, alive and still kicking.
Conservative Entry @ $5500 with SL @ $3180
BTC/USD - Weekly Chart (picture)
The fact that BTCUSD tanked does not necessarily mean that it's actually in a bear market and about to crash for good.
NO! From an Elliott Wave perspective, Bitcoin's structure extended itself in its complexity.
This does not mean that BTCUSD is not destined to start the expected rally. This only means that the Triple Three correction has been prolonged in duration and time.
A rise is in the menu, and should be starting very soon.
BTC/USD - Daily Chart (picture)
BTC/USD hit the 88.6% Fibonacci Retracements of Primary 1 (blue), and a reaction has been noticed.
However, it should be treated as a Minute iv (red) correction, within Minor C (red).
This is because the Bearish Divergence is not yet ready to sling-shot the price-action higher.
A last dip would be expected, followed by a realistic possibility for the bigger rally to commence.
BITCOIN might fly to 10000 before falling to 9125Plan : wait for price to bounce off from trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
BTC/USD LONG SET UP FOR BULL RUNBTC/USD BUY LIMIt ORDER
ENTRY 1 $9,768
ENTRY 2 $9,640
SL $9,220
TP.1 10,040
TP.2 10,268
TP.3 10,540 & TP.4 10,840
*Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10262.35 area after trading as low as the 10083.10 area during yesterday’s European session. Notably, the pair moved higher to test the 10522.51 area during yesterday’s North American session, a fresh multi-month high. After peaking around the psychologically-important 10500 level early in yesterday’s European session, traders quickly booked profits and drove the pair lower to the 10083.10 level, testing the 100-bar MA (4-hourly) and just above the 10064.04 area that represents the 38.2% retracement of the depreciation from 13868.44 to 7712.45. Traders are curious to see if the pair will be able to remain above the psychologically-important 10000 figure, and if BTC/USD bulls will have the fortitude to test the psychologically-important 11000 figure.
the pair continues to trade above the 50-bar MA (4-hourly), and are watching to see if the pair will be able to reclaim the 50-bar MA (hourly) following yesterday’s early depreciation. Traders are watching the 10513.53 area, an upside price objective that the market was briefly able to eclipse yesterday. This area gained technical significance when buying demand emerged around the 9521.47 area during the pair’s climb, adding on to the earlier demand around the 9078.05 area. Above current market levels, traders cite upside price objectives around the 10545, 10615, 10652, 10698, and 10722 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 9668.68 and the 50-bar MA (Hourly) at 10315.18.
Technical Support is expected around 9948.51/ 9757.64/ 9370.10 with Stops expected below.
Technical Resistance is expected around 10534.04/ 10652.04/ 10698.24 with Stops expected above
BTC/USD SHORT SET UP TO $7,000/ AT $7,000 GO LONG TO $10,480Sell BTC/USD
Entry 1 8680
Entry 2 8568
Sl 8900
Tp.1 8,180
Tp.2 7,775
Tp.3 7,520
Tp.4 7,186
BTC/USD’s ability to remain above the 7473.42 area will be closely scrutinised by traders intent on assessing the sustainability of the recent move, as this area represents the 23.6% retracement of the 10540.49 – 6526.00 range. Likewise, a move back above the 8059.54 area will be seen as a bullish development as this represents the 38.2% retracement of the same range. Below current price activity, traders anticipate Bids around the 7597, 7473, 7313, and 7117 areas. Above current price activity, traders anticipate Offers around the 8177, 8340, 8585, and 8799 areas.
ONCE SHORT ends
BUY limit set up
entry 1 $7,080
entry 2 $ 6,680
sl 6300
Tp.1 7,600
Tp.2 8,100
Tp.3 8,600
Tp.4 9,600
Tp.5 10,240
BTC/USD SHORT SET UP(GO LONG AT FINAL TAKE PROFIT10540.49 – 6526.00 range. Likewise, a move back above the 8059.54 area will be seen as a bullish development as this represents the 38.2% retracement of the same range. Below current price activity, traders anticipate Bids around the 7597, 7473, 7313, and 7117 areas. Above current price activity, traders anticipate Offers around the 8177, 8340, 8585, and 8799 areas.