Btcanalysis
Bitcoin Could have a pullback into a break out to 27.9Bitcoin was rising yesterday despite DXY movement to the upside.that indicates we may see a rise in prise when dxy pulls back down. IF DXY keeps going up and hit specific levels we could see a capitulation candle to the downside instead of a upside for BTC.
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BTCUSDT's Epic Showdown: Weekly EMA Battle for SupremacyHello Traders! :)
In this week's analysis, we witnessed an intriguing battle at the weekly EMA level for BTC. Unfortunately, this level held firm, and we are currently seeing accumulation around the lower boundary of the weekly Market Profile. At this level, we can observe the development of the weekly Market Profile's point of control, signifying a significant equilibrium point. My plan for this week is to make another attempt to break above the weekly EMA level.
Currently, a LONG signal has been generated on the Multi-timeframe MACD, indicating a green light for seeking long positions at this juncture. I will initiate the trade after the LONG signal is confirmed by a Heikin Ashi candle.
My initial take profit target is set upon reaching the level of the weekly EMA line, with potential for holding the position longer depending on price behavior.
I will exit the trade if the price falls below the weekly Market Profile, canceling out potential further losses. Additionally, I will consider exiting the trade if the weekly EMA level is rejected, securing any generated profits. If the price successfully breaches the EMA level and holds, I will consider continuing the trade.
Good luck with your trades!
BTC Multiple Sell Signals Showing Possible Flood To 23.8KBitcoin sell signals are getting more and more without showing any sign of recovery to the upside.With VIX going up today could be a volatile day for NY market thus BTC could get volatile as well.
SPX made a gap yesterday and went lower.we could see the same thing today if the bearish momentum is strong
Thanks for all the support
Bitcoin (BTC) is Turning Up in H4Technical Analysis:
- BTC is doing wave (3) in blue which is part of wave ((1)) in black
- When wave ((1)) is completed, we expect a ABC correction in wave ((2)) in black around at 32,500
- H1 & H4 right side is turning up
Technical Information:
- We only consider the buy opportunity in wave (4) in blue once it's completed
Where will bitcoin go?According to the price action structure on the chart, it seems that Bitcoin will drop to the green range of ob after hitting the red range of supply.
We have sets of ob's that have been mitigated and now it looks like the way is open for a drop to the green range.
This upward movement of the price seems to be the time to collect sell orders
Also, we should not forget that we are under major dynamic resistance.
I have specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You