BTC Buy the trend of higher lows.Bitcoin - Intraday - We look to Buy at 54828 (stop at 53788)
Daily signals are bullish.
The trend of higher lows is located at 54800.
We look for a temporary move lower.
We look to buy dips.
Short term bias is bullish.
Our profit targets will be 57888 and 58488
Resistance: 57000 / 58000 / 59500
Support: 56000 / 55000 / 53800
Bitcoinusdt
BTC: ABC Wave On TrackGood day to all profit makers!
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- If we do not hold support at 51-52K we can continue with this bearish trend and complete the ABC pattern
- Stong buy wall at 47K expected but not guaranteed to be enough to hold support.
- Possible ABC Correction Wave.
- We can also break the upside as the charts indicate with the green arrows
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor! and this is not financial advice
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
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BTCUSD - Bottom soon, Breakout after, HODL STRONGHello everyone,
Considering the Fibonacci Technical Indicators, we are close for a bottom, also, we can find the price right in a falling wedge, which can be easily broken, then we become bullish.
There are also Bullish Divergences on MACD & RSI Indicators, small, but there can be a good start for a new cycle.
Fibb zones can take up to a perfect price of $81,000.
Thank you for your time, HODL Strong
This is not a trading advice,
St.Gex
BTC sell the triangle downtrend.Bitcoin - Intraday - We look to Sell at 43888 (stop at 44604)
Price continues to trade within the triangle formation.
Daily signals are mildly bearish.
Short term bias is bearish.
The bias is to break to the downside.
Trend line resistance is located at 44000.
We look for a temporary move higher.
Our profit targets will be 41784 and 41224
Resistance: 42000 / 43000 / 44000
Support: 41500 / 40800 / 40000
BTC is ready to test new ATHs | $100k soon?Bitcoin price can surge above its ATH soon if the upper trendline gets broken with a daily candle above it. Two scenarios are shown on this BTCUSDT daily chart. I'm more optimistic about the bullish scenario which shows BTC's way to its ATH price and even $70k.
What are your thoughts?
Quick Update on BTCSupport Zone 1: 29k - 33k
Support Zone 2: 38k - 42k
Resistance Zone: 47k - 51k
The ultimate goal is to get above the resistance zone AND the bigger descending triangle and get at least 2-3 daily candle close above.
For now, BTC is struggling to stay within the resistance zone so we can't be too conclusive about the trend yet.
One thing to note is that we got a daily candle close above the 50 MA and 200 MA which normally is a bullish thing to do.
I have to add that the stock market continues to go down, and normally this impacts BTC, but for now it hasn't. We may see a decoupling for the next few months where BTC runs to new ATH's. When BTC went from 65k to 30k, the price of S&P 500 made new ATH's and at that time the stock market did not impact BTC. The theory is that BTC might do the same now where it runs to new ATH's where at the same time we see a correction in the stock market.
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC Sell the downtrend.Bitcoin - Intraday - We look to Sell at 43688 (stop at 44464)
Daily signals are bearish.
Trades with a bearish descending triangle formation.
Trend line resistance is located at 43700.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The bias is to break to the downside.
Our profit targets will be 41404 and 40818
Resistance: 43000 / 44000 / 45200
Support: 42000 / 41000 / 40500
Cryptocurrencies, Bitcoin, Daily Chart, Trading Signal, BTC,AltsOver the last few days and on thr 4HR chart, BTC has tested and retested the $40,600 support level and showing some bullish momentum.
Provided BTC can break out of the $42,800 resistance it is likely to run up to $44,200. This has proven to be another tough level of resistance.
BTC "PITCHFORK TRADING STRATEGY" (ON THE ROAD TO 130K)Hello everyone !
Today the Black Cat Trader is analyzing BTC on a weekly chart.
What we can see :
- By using the Andrew's Pitchfork into on one of the first BTC impulsive wave back in 2012, we can identify a very nice long term uptrend for bitcoin (Low = 2,25 ; High = 1163 ; Low 198) . Thanks to PF, supports, resistances and possibilities for futur growths can be easily identified.
- By extending horizontal lines (purple) from previous ATH to lower lines of the pitchfork, we can clearly identify the potential zone where BTC could make its new ATH :
ATH (25 Novembre 2013) = 1172 $
Extended line (from ATH to the lower line of the pitchfork) = NEW ATH (19.680 $)
ATH ( 11 décembre 2017) = 19.680 $
Extended line (from ATH to the lower line of the pitchfork) = POTENTIAL NEW ATH (130.000$)
What we can expect :
Regarding the actual situation and based on the datas we have, we can expect two scenarios:
(N°1)
Bitcoin manages to break the intermediary lower median line of the pitchfork (which is actually a resistance) to turn it into a strong support to go higher. Then we can expect that bitcoin will make a new ATH located at minimum on the median line of the pitchfork (red one)
- Resistance : intermediary lower median line of the PF
- Strong support : lower line of the PF
TAKE PROFIT : 130 000$ ((Median line of the PF)
(N°2)
Bitcoin fails to break the intermediary lower median line. In this situation, we can expect that Bitcoin could bottom on the lower line of the PF which would be a very good opportunity to buy btc low.
Major support : Lower line of the PF
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(D.Y.O.R)
XRP Story !Ripple! Ripple and the story of the court and the lawsuit and the paperwork have probably ended up in Ripple's favor! Be careful -> Probably!
So from a technical point of view, Ripple is in a downward channel in daily time frame!
And we know that descending channels are basically broken from the roof!
Also, the price above the midline of the channel is forming a downward corner pattern. (Descending wedge) (descending wedge indicates price growth)
So the evidence shows, if Bitcoin closes its weekly candle above 38K! We will probably see the growth of this adventurous Altcoin and the remnant of growth!