#BTCUSDT $49k on board, 17%+ Potential Rally ahead!!Welcome to this BTC Analysis
Recap of our last BTC Idea :-
1. BTC needs to wick down from the $37.5k level to the $38.5k level. Reached ✅
2. Avoid opening long around $42k, best long entry for Bulls in the above-given range:- ✅
3. Late longs are liquidated and late shorts are trapped. ✅
To be honest, what I was looking for was a quick move to $37k followed by a strong response from the bull side. Didn't happen, we have witnessed a slow bleed in BTC but still managed to bounce from the given area.
Let's get to the chart now.
BTC did manage to bounce around the $38,200 area right on the support trendline.
The pattern is under 90+days old now.
I am not just looking at the fractals, Though there is some selling pressure around the $39k range, There have been some high volume spot buying by the whales around this area.
Gives us a hit for the upcoming move.
SO REASONS BTC COULD PUMP 17% TO 30% in the next few weeks:-
1. USDT Dominance is on resistance and while writing this update, it already got the rejection waiting for the daily close for the confirmation.
2. TOTAL MCAP has retested multiple times and giving us a bullish hint to the upcoming move for BTC.
3. BTC is bouncing right off the support trendline with strong buying by the whale addresses by onchain.
4. more details are given in the chart, please observe.
Best time to go spot long:- Reason the risk is very low here.
While there's a possibility of a 17%+ gain (Decent) You have a risk of less than 6% which gives us a 1:3 RR
INVALIDATION:- Close below the $37k or simply the channel will invalidate the chart.
Disclaimer:- I don't have a magic ball, I just write what I see in the charts. So generally my charts go well but sometimes I am wrong too, I learn from my failures and keep trying to give out the best content on time for the community.
Hope you appreciate it with just one like!
DYOR before taking any trade decision.
Do share your charts/ views in the comment section.
Thank you
#PEACE
Btcusdtperpetual
Tracking Market Maker Activity Part 5Padawans,
If you have been following this series, You will have seen that for the past few weeks, The Majority of Bitcoin Impulse activity has been taking place between 9am, 10am and 11am EST. So what has this Sith(Market maker done) in these 3 hours, He has driven the price, down to support, He will trap A LOT of retail traders short, Not will trap sorry has been trapped.
I have indicated on the screen where the Long positions have been built and where the coin is returning to. The trick is the entry, Because although we know where he has built his long Positions , and each of these is a take Profit target. However it leverage trading, so the best entry on the 1 hour chart is as close to the last support level as possible. Shorting Bitcoin here is suicidal.
Analysis of bitcoin status in the next 48 hoursAccording to the deviation method, bitcoin will be supported in the 39600 area and will return to the 42250 area.
And in the next wave, it falls to the 38400 area for the last time.
Based on this method, the pullback will be a rapid ascent to the area of 70,000.
And finally return to the ascent area of the last two waves, ie the range of 21000
BTC DAILY UPDATE 6H death cross SOONPrice action is moving below mid-range of a descending channel making lower high's and lower low's. So likely we will see retest of lower boundary of the channel which is $38,000.
So far btc is holding ascending trend line resistance but this will likely break down as soon as death cross occurs.
On-chain data is giving bullish signs but S&P500 being bearish and Dollar being bullish is whats making the entire crypto bearish.
Kindly like, share and comment.
Our premium discord
discord.gg
BTCUSDT - Long entry @ 41600 (pending)BTCUSDT managed to pierce and pullback the 50% fib yesterday.
We need to close above that level to be more confident on the new uptrend.
The price went very close to triggering our buy with a high of 41555(pending buy @ 41600).
I expect a further move above the 50% fib.
Downside risks
S1 @ 40600
S2 @ 40000
S3 @ 39200 current bottom level
Upside resistance
R1 @ 42600 (50 ema)
R2 @ 42800 (61.8% fib)
R3 @ 43200 (100 ema)
R4 @ 44600 (200 ema)
Bitcoin Scalp 100x Edition. 15 MIN The market makers have lulled you into going short as the built there longs. Now they are ready - What does this mean'
Hand me MY Lightsaber
Take Profit 1 42203
Take Profit 2 42316
Take Profit 3 42379
Take Profit 4 42449
Take profit 5 42678
Take Profit 6- 42733
Leverage 100x :)
Stop Loss 41500
Entry Market
#BTC #bitcoin Weekly outlook#BTC has shown amazing strength since last week and printing 2nd consistent Weekly candle. This may be the reversal week that may show whether #BTC will continue the long-term bullish trend , or will dump again to make a new low much lower than the July 2021 low.
The crucial point here is is the weekly MA50, which will most probably be tested by the end of this week. so far the price wasn't accepted by bears and didn't let the price to close a weekly candle above it, for almost 3 months. If #BTC break above the weekly MA50 then it will be a obvious long call.
Another important point, is the Weekly RSI , which is forming a same pattern that was previously observed in the bottom of Dec 18 - Jan 19, Nov19 - Dec19 and May 21 - July 21, and everytime breakout came with the MACD making a Bullish Crossover.
Currently #BTC is very near to MACD bullish Crossover, while the RSI is on HH and its just getting ready to break to the upside. Once #BTC completes consolidation/bottoming structure and breakout the Resistance which is just below the 46k mark and this is exactly where the 1W MA50 currently is. Can BTC Breakout to the upside and go above 50k again ?
BTCUSDT | Good Buy Opportunity.When it comes to the technical analysis of BTCUSDT, right now price is staying near the previous support zone where price got rejected with good pressure. So there is a good chance the price will get rejected from this area again. So you may go long from here by place the stop just below the previous demand zone and target for T1.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Bitcoin Analysis 19.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BTC/USDT 1Day - Next Movement ScenarioBTC/USDT 1D CANDLE SCENARIO
My mid-term BTC scenario is here.
For a short - term, BTC will make double bottom formation, When it happens, funding rates will be completely negative, and Fear & Greed will be almost zero (Extreme Fear).
After that happened, BTC will have rebounding technically, regardless of Bearish or Bullish.
Rebounding time will altcoins' finale run, and it will make positive funding rates, and Fear & Greed Index will be Extreme Greedy.
Reversal point that I am predicting is $57k ~ $59k, there are huge selling quantity on $57k ~ $59.
This one down wave will be done when it reach $27k ~ $30k, the weekly demand zone.
BTC stopped at SMA 200 daily and .....BTC stopped at SMA 200 daily, and rebound at fibo 50. and trying to reach fibo 38.6, for another downtrend to fibo 61.8 .
SMA 200 daily is the important level to be watched. if this level breaks down, the downtrend is become confirmed as long as the trend is below the SMA 200.
SMA 200 daily become the strong support also happened when BTC reached 29K.
Watch also the slope of SMA 200, as long the slope is still up, the trend is still bullish.
The low risk for entry is when the slope is flat, and there is a bullish candle coming up.
ReTest Finished. Target 72000-80.000Hedge Fund Manager Long Position ok.
We renewed our positions.
I wish you good luck. Believe in lofty goals, but be careful.
It is not investment advice.
Patience and attention are the most important processes in this business. Selling for free is against our nature.
Our post Retest target has been updated to 100,800.
0.5x
1x
2x
long position ok.
Stoploss -55700
Long Target = 69000$- 72000$ Bitcoin
bitcoin will continue to trend sideways
will continue to record records with altcoins.
Our Main Goal should be to collect bitcoin and ethereum.
this will start the rise of retest altcoins.
I wish everyone good luck. Don't forget to buy stop-loss and tp.
As a result of this rise will come a great fall.
Our retest levels are 42100$-48000$-52000$-56000$.
we have nothing to do with awns. If bad news doesn't come, we'll sail straight to $72000. Of course, we will proceed according to the 4-hour and 12-hour charts. Our joint decision with all fund managers is long.
The next drop will not be a retest. We will see a very steep decline. then we will move up towards $80,000. We're starting off with a $20,000 drop. Let's follow the news.