Bitcoin.. What Will You Take Away?The move we all just saw on BTC.. What was your reaction?
Was it oh, we always could've fell this low..
Or was it Panic? How did we get here!
Well... If you want things to work out long term you MUST always be fully aware that markets can and will swing wildly the wrong way. It's your job as a Trader to:
1. Be prepared for when this happens.
2. Manage your capital and risk before AND during the move.
As I mentioned many, many times on videos, posts and livestreams it is NOT impossible for Bitcoin to get to levels like now and we may indeed see circa 14-14.5K as a Price level. That is because markets tend to trend and reach extremes OVER time, usually on a longer term scale if they are widely followed.
So you can drastically help yourself by:
1. Dropping your position sizes.
2. Not giving in to FOMO.
3. Use HIGHER Timeframes to find Price Action levels that are strong.
Incorporate other methods such as splitting capital, front runner use and hedging and you will see changes.
As always trade Safe AND small.
Btctrading
Bitcoin BTC Crypto Trying to Break Major Support line Bitcoin BTC Crypto is trying to Break thru the biggest resistance line yet $21,043. This resistance line was formed from a Head & Shoulders Pattern from the all time high which broke down and brought in this Bear Market. Additional Bullish Patterns have formed waiting to be fulfilled sending us to the following price points: Oct. 13, 2022 Bullish Falling Wedge Pattern +231% $61,764; Oct. 13, 2022 Bullish Falling Channel Pattern +121% $41,737; Oct. 25, 2022 Bullish Falling Wedge +33% $25,535; (Pending) Bullish Raising Triangle +7% $22,692
Pending Patterns price points; Oct. 13, 2022 Bullish Falling Wedge Pattern +231% $61,764; Oct. 13, 2022 Bullish Falling Channel Pattern +121% $41,737; Oct. 25, 2022 Bullish Falling Wedge +33% $25,535; (Pending) Possible forming a Bullish Raising Triangle +7%
The Market currently wants to go up....................... This current pattern forming will set the path
My BTC Prediction Gave Potential 95% Potential Profit With 10x LHi Tradrs, I don't share analysis but I do analysis and try share sniper point entries.
I give these sniper entry points for future traders only specially binance futures.
Yesterday I posted the selling point and buying points where futude
My last day analysis is attached at the bottom for refernce and u can see the market almost droped from the same point which i mentioned in last idea to 9.5%max which is 95% potential profit if traded with 10x and 190% profit if traded with 20x.
NOTE:
I will share daily some sniper entry points on different coins for free that would be from weekly,daily,4 hours and 1hr candlestick study. But there comes alot of sniper entries daily on lower time frames such as 5m or 15m but lower time frame sniper entries are for paid members as they are executed run time.
BTC Trading Plan Of ActionSo we have sat at the level seen for a while now.. WHY?
Well as we have spoke together for a while Market Sentiment is BAD and people are getting out of BTC.. For now.
Like any Market you will see a Rebound it is just how YOU Trade it and Exit along the way.
Watch for More.
BTC/USDT Possible region to buy in the 10k, can you believe it?Who knows?
Possible region to buy in the 10k, can you believe it? I don't, who's saying it's the graphic!
- Formation of 3 symmetrical parallel channels;
- Descending wedge;
- ABC;
- C with 5 waves;
- Possible pullback in the region of 29k (0.5 Fibo);
- Target 1, 0.236 fibo - US$ 13841.00;
- Target 2, 0.500 fibo - US$ 10600.00;
This is just my study for me to keep and remember later.
This is not an investment recommendation.
UPDATE: THE FUTURE OF BITCOINBTC USDT | 4H TF :
Summary Of Movement Since Last Analysis
We broke above the Weak Trend line ( see the chart image ). Traded above it for a while, then
BTC dropped down to Retest the weak line , but It held up as support
Bounced again off the weak trend mark and hit the Strong Trend mark line( see chart image )
Latest Movement:
Though rejected here sharply at 41k , it continues poke this mark, currently maintaining 41k price range .
A comfortable break of this level and stable stay above this level is bullish for me .
It Means we are back in the strong trend channel.
We sincerely sympathize with Ukraine at this time, but Crypto/ BTC is impacting Ukraine for good and in turn impacting bitcoin too.
Also a good time to breathe for the altcoins.
Follow @CryptonKidd for daily crypto analysis. Share your thoughts and ideas.
Check Out Previous Analysis Here
Daily BTC Update - RSI Divergence and ADX as a Trading StrategyBTC, and the crypto market in general, have once again seen some steep declines. Legacy pricing models haven't broken but are being stretched like never before and I'm convinced it's entirely due to the arrival of institutions and big money to this space. Legacy markets (stock market etc) are closely regulated for price manipulation and financial institutions are regularly fined millions of dollars for breaches (and yet it continues to happen). The crypto market doesn't have this protection. Passed cycles have not had such a major presence of "big finance" and so it is highly likely the landscape has changed and we need to change with it. Short term/day traders are getting smashed by this volatility and market manipulation and our only defence is to step back and take a longer view because even the big players want to make money over a longer period.
With all of this in mind today I'm zooming out a bit and looking at the daily chart for Bitcoin and offering a no-fuss strategy for trading this market. Even smart money cant play without leaving a trace of their actions.
On the chart are my two favourite indicators...the RSI and the ADX. If you use these in combination you have a very powerful insight into where the market is likely to go next. Understand these two things:
1. ADX - Buyers need to be stronger than sellers for the price to go up. We need to see green!
2. RSI - Is a trend indicator. Where is it trending? Is it going up or down? Most importantly look for a divergence to identify when trends are about to change.
I've marked on the chart in bright pink divergences between price and RSI and these are at almost all of the major trend changes. Why couldn't you see what was coming...because we weren't looking.
Use basic trend lines to define the market structure. Note the breach of any trend line.
Sell when the ADX turns red, or when the RSI drops below 50% (goes red on my RSI DIv indicator, but you can use a standard RSI Indicator). I use the OBV indicator for confirmation of a signal.
Buy when ADX turns green, or when the RSI rises above 50%. Use OBV for confirmation.
As for today, we are out of the market. I watch the 4 hr chart for early indications that we are getting a change of trend, and of course, if you are sharp enough you can trade this same strategy on that chart but it requires more attention. Have fun with this strategy and tell me what you think. Once you've had a play try using the Multi Time Frame RSI for better (earlier) signals.