BITCOIN is creating a potential Cup & Handle formation.BTC is currently, potentially creating a smaller Cup & Handle formation. (In white) And, a potentially larger Cup & Handle formation. (In Blue)
Bitcoin has been on an absolute tear the past few days, and these formations could come into play down the road if price action continues to fill them out. Whether it will be the smaller (White) Cup & Handle, the larger (Blue), or a Cup & Handle pattern at all remains to be seen, but will become clearer in the coming weeks/months.
These formations are speculation at this point, but I just wanted to point out the potential for each to occur down the road if the current trend continues.
Good luck, and always use a stop loss.
USDCBTC trade ideas
BTC b-c Elliot Waves, Wickoff, Fib (Prepare Limit orders)It is always hard to tell what the future is bringing but if we follow few theories we can find this;
1- Elliot Waves are saying we have completed wave 5. It means A-B-C should start. Hence we should be able to make good entries at 36 and 32k.
2- We can cross with theory with Wickoff Distribution theory were we can find the BC and UT, UTH is not required but it could happen. In any case most likely this is again telling us that Wave b and c might happen
3- If we study the passed BTC cycles there is always a retracement before and after the halving, what it confirms Elliot and Wickoff.
4- Both Fibonacci retracement and extension are matching the same levels in this occasion 36k (23.60%) and 32k (38.20%).
I hope this helps to see where we are at the moment.
The retracement already happened so it wight take a while but having said that I found something interesting;
Many indicators are giving bullish signals BUT, we can find bit RED candles on the;
13/11 then
11/12, then
10/01, and then also 22/01…,
Almost every 10th of the month.
Will the same happen between the 10-13/02 or we will have to wait until 10-13/03?
Prepare your limit orders so you do not miss your good entries
Have a happy trading
Rafa
BTC/USDC Short-TermHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has dropped significantly and remains below the downtrend line.
After unfolding the trend based fib extension grid, you can see support at $40,602, and then strong support at $39,217.
Looking the other way, we have resistance at $41,476, the second at $41,936, and the third strong resistance at $42,664.
The RSI shows room for the price to go lower, while the STOCH indicator is approaching the lower limit, which stopped the price decline.
Will there be a correction, or is the growth not over yet?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I decided to take a small short position on BTC by 20% of the deposit.
Technical: The price received a good rebound from the countertrend line, and there are thoughts that we may see a transition from this rebound. Therefore, I will act with a grid of orders with a higher order.
Deal plan:
▪️Entrance - $44,230/44,555/44,950
▪️Stop - $46,520
▪️Take - I will update.
I enter with the first order for 10% of the deposit, leaving 10% for additional additions. A slight correction has already begun on the ETH chart - perhaps this will be the direction vector for BTC. P.S: I could be wrong)
Is Bitcoin Ready to Rise in December?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Let's welcome the month of December green?
I’m trying to get a scalp-long with a small gain below 10% of the deposit
Deal plan:
▪️Entrance - $37,510/37,050
▪️Stop - $36,500
▪️Take - I will update.
Guys, on one of the exchanges there is now strong pressure towards 37,000-36.***$, perhaps they will send us there, so I’ll leave one limit for adding positions. With stop averaging you get -2% without leverage, calculate the risks in advance.
Bitcoin when will there be a correction???Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Bitcoin continues to consolidate above $35,000 yesterday's descent into the $34,500 zone and the quick buyback was a simple withdrawal of liquidity. I think that the next descent, if it happens, will be at the breakdown of the lower border of the wedge, because the buyer was given the $34,500 zone almost without a fight, but everything will happen soon)
For now, the previous scenario with a short position, the current stop from $35,000 at 1000-1250 points will not be too high, try it friends. Euphoria is already coming to an end...
Bitcoin local correction is coming!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I’m trying a scalp short with a little extra.
Bitcoin price continues to consolidate near the $34,800-$35,000 range and it looks like we will be in this zone all weekend. I decided to take the position in advance, because... I think that a local correction is already close. The indicator is slowly starting to collect information into shorts on local timeframes.
Transaction plan:
Entrance – $34,800/35,250
Stop – $36,250
Take – I will update.
Friends, the most important thing is to keep an eye on your risk management and money management. In this trade you can take from 10% to 20% of the deposit with a leverage of 3-5X. Be careful!
Bitcoin is drawing a bearish pattern! What will happen next?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, another BTC chart only with the “Rising Wedge” pattern, it may not look so sexy, but there are clearly boundaries here and it can work out for a correction.
No, don’t think that now if I’m holding shorts, then I’m providing you with options that suit only me, no, that’s not true at all. Look at yesterday's BTC chart in my forecast, there I threw a chart with bullish signs and by the way they worked out well :)
Guys, the arrows on the chart are just my sketches, don’t take them to heart, because the price could go in a completely different scenario)
Bitcoin is just the beginning of a big correction?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Guys, a small update to my short position:
Bitcoin is slowly, tediously sliding down, but is confidently approaching the support level of $26,450, from where locally one can expect a buyer’s reaction in a short time (not financial advice in Long).
Locally, the support of $27,000-27,200 acted as good support and we are currently seeing a slight rebound from this zone, which may well return the price to the $27,500 zone.
When I took a short position with TVX $27,950, I immediately understood that the correction that they would show us would not be easy, like PUMP-DUMP! So if you are with me, just be patient and try to leave the order at the top of the cathedral position with a small % of the deposit)
Bitcoin has risen, what's next for us to fall?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Well, friends, Bitcoin rose to 28,000, it fell a little short of 28,500, but maybe it’s not over yet?
I fixed the position at 28,000 and took my profit from the market. All my expectations worked out exactly on target, first a correction to 25,000, then an increase above 28,000. Happy profit to everyone, friends who were in the position!
At the moment, there are no marginal trades yet, I just want to watch the market for a while, but at the first confirmation in one of the sides I will be ready for battle)
If you look at the chart globally, I expect to see a correction to 25,000 and below, but for now we need confirmation and there is not enough of it...
CZ writes that the guys were lucky who were able to endure a week ago and go into profit, I know one thing is that he won’t write such things just like that, maybe he’s preparing to DUMP? Everything can be friends, I protected myself in advance, I just left the position and now am in the role of an observer, good luck to everyone!
Bitcoin dichotomy Double Bottom, Harmonic or Elliott WaveAn interesting junction approaching whereby Elliott wave versus Harmonics?
So which will win as we are in a motive phase wave (4) or a bullish leg(CD) of a possible Bearish Pattern? We have to remember according to Elliott Wave Rules if (4) exceeds (1) then this Motive Phase down is invalidated at $28,555!
Harmonic Patterns:-
davecharts.files.wordpress.com
Double Bottom:-
thepatternsite.com
Basic Motive Phase:-
thepatternsite.com
Bitcoin exit from the channel is near! Be ready!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
On the Bitcoin chart, the situation is as follows: the price is pushing up the channel again, and I think that the opening of next week will be a breakout of the $27,500-$28,000 pattern, maybe we’ll even update the High.
If Bitcoin goes into correction again, I expect a reaction from the level of $26,800-$26,450. Technically, there is support from where the buyer can show his strength.