BTCUSD - BULLISH BIASI still have a strong bullish BIAS on the Daily Timeframe. In reference to yesterdays analysis, I wanted to see the market close above the $24269 level then expect a reversal before a final push to the upside $28k. The market has decided to just wick my zone and on the 4Hour timeframe, the market is showing reversal strength which I will talk about in the next analysis update.
I will be looking to take long around $21900 if I see confirmations.
Btcusdforecast
BTCUSDT 12h Bitcoin and altcoins trading plan for the weekendToday we will share our thoughts on the BTCUSDT pair and in general what can happen to altcoins during the weekend.
In the previous days, we were very pleased with the growth of Bitcoin and the growth of altcoins.
Especially the growth of altcoins, because they grew by +30+70% making it possible to record excellent profits.
We openly publish part of our trades here on Tradingview for all subscribers)
So, the weekend is ahead. The ideal scenario, in our opinion, would be a smooth growth of the BTCUSD price to $24700. From this mark, a rather wide consolidation of $22200-24700 can begin, in order to gain strength before further upward movement of the BTC price.
Well with Bitcoin price figured it out.
Considering that USDT dominance is still falling, and the trade volume of the ETHUSDT pair is only 35% less than the total trade volume of BTCUSDT, we can say with confidence that capital is flowing into alts . Therefore, if the BTC price will grow smoothly, then the price of some alts can still shoot up a lot.
But you have to be careful on the weekend , because the correction can take away all the profit given by the market for the previous few days.
And in order not to give profits to the market players, we're personally pushing our stop up in the course of price growth.
Take profits on medium-term longs of altcoins, some of which have not yet worked, are in the range of +10-20% of current prices.
Have a nice and peaceful weekend everyone, do not give away the well-deserved profits to the market players.
And at the next week we will please you with new trades and analyses)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BTC retest resistance zone (Round 2)BTC / USD
Since 6 weeks in row BTC is trading inside the boring range between 18k - 24k
First try to break this range failed as fake breakout which rapidly absorbed by huge sell pressure
Today in Round 2 , BTC Bulls pushed the price up again providing HH and HL. and retesting same resistance
In my opinion,what will happen here will determine next long run for next months
What are the possible scenarios ?
1- Breakout and close above last local high and weekly candle is also closing above 200W EMA
Then we are looking for bullish market towards next major resistance (28k-30k)
2-Strong rejection , failure of HH and HL to continue and weekly close below 200W EMA : then we are looking for new local low
What do you think will happen in ROUND 2
Comment below ⬇️
BTCUSDT: Elliot Wave Intraday TradingHello everyone
Bitcoin price has formed an upward correction in wave 4, after which it may continue to decline rapidly in wave 5 of wave 3 (in medium-term wave 5 of wave C in ABC wave pattern).
The general dynamics in the derivatives market is a bit strange, so I marked a critical level of activation of alternative versions of the situation.
I do not publish the alternative scenarios yet due to their ambiguity.
In general, now is an excellent place to open a short position with excellent risk to profit parameters.
It is possible to open a short position now and increase the volume on a breakdown of the minimum of the current wave 3.
Best Regards,
CEO Tornado Capital
WYCHOFF REDISTRIBUTION SCHEMATIC?!The failure to generate new highs signals the start of the distribution phase. This phase displays rangebound price action similar to the accumulation phase but marked by smart money taking profits and heading to the sidelines. In turn, this leaves the security in weak hands that are forced to sell when the range fails in a breakdown and new markdown phase. This bearish period generates throwbacks to new resistance that can be used to establish timely short sales.
Price can go around 25000 and then falls back. It looks like a fake pump. Bearish divergence as well.
BTCUSDT: Elliott Waves Intraday TradingBitcoin price continued its decline in wave 5.
I did not have time to open a short position as I expected a longer correction in intermediate wave 2.
At the moment, I plan to open a short position at intermediate wave 4, after which I will expect an acceleration of price movement downwards.
I do not consider opening long positions yet.
Best Regards,
CEO Tornado Capital
BTCUSDT 1W What awaits us in the coming weeks on Bitcoin priceToday, the week started with a joyful green candlestick on the BTCUSDT trading pair.
Alts also woke up to growth, but the most important thing is not to fall into euphoria, so let's try to make a clear plan of action below.
Let's start with the fact that at the beginning of May we published an idea with a scary name that the cryptocurrency market could be apocalypse.
Unfortunately or fortunately, the first point of the scenario worked out completely.
For the last 4 weeks, we have been watching the consolidation in the $19-21k BTC price range and finally got a more or less decent shot up.
We've seen something interesting brewing on the altcoin charts. That is why, since last week, we have started to gather medium-term positions and shared them with you here, in particular:
ETHUSDT
SOLUSDT
AVAXUSDT
KCSUSDT
SANDUSDT
and many other interesting charts, everyone can find what they are interested in. A nd in order not to miss such opportunities and tips in the future, just subscribe to us and like the ideas.
This week, the main task for BTCUSD buyers is to prevent the price from falling below $20k.
If we see a weak correction in the zone $20000-20500, we will continue to take altcoins in longs.
For the coming weeks, we can mark three target zones for the growth of the Bitcoin price :
1) $24300 is an intermediate weak level where a local correction can begin
2) $27000-30000 - the first liquid zone, control of which will have to be won back by buyers. In this zone, it will be good to fix 30-50% of longs.
3) $30,000-35,000 is a powerful liquid zone, the theoretical bottom of the global "Head and shoulders" reversal figure. In this zone, we will "cover" the total majority of our long positions and watch from the sidelines the battle of who is stronger - buyers or sellers.
This is a rough estimate of the action plan for the coming weeks, of course, as the price moves, we will also release local ideas, adapting to the market, because we do not control it, but it controls us)
So, quality content from us, and from you like and comment under ideas and subscribe to us)
Have a productive week, everyone
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BTCUSDT 12h Trading plan for Bitcoin price and surprise Last week, BTCUSDT price reached TP1 from our previous idea, after which the correction started.
Overall, as you can see from the chart above, the weekly candle closed quite well for continued growth.
The main task for today/tomorrow is that the BTCUSD price does not fall below $21300, then there should be growth.
The first goal for BTC price growth, where you can fix part of the profit - $26800
The second zone, where it would be worthwhile to cover long positions, record profits and look around - $29100-29800
And we have a question for you: Which altcoin do you think is the most promising for growth in the coming weeks?
Let's vote for a trading pair that you believe in or that you like, we'll start, and you continue.
We will analyze the trading pair that will collect the most votes from you in the coming days and publish it on Tradingview
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BTCUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 23400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: BTCUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
BTC retracement to $20,000 area I believe after this move the past few days up to $24,000 , its time for $BTC to retrace back to $20,000 - $21,500 area .
If we bounce now we are safe , if we enter the range area we most probably visit the bottom of the range around $20,000 .
In case we bounce I expect another test of $24,000 , if we manage to break the resistance the next resistance I am looking at is around $27,000 .
Currently I am having short position on BTC and a Few ALTS .
Stay safe and protect your capital .
BTC to 30k Alternate Idea#BTC
So this is what i will follow for the the next few weeks instead of the prediction for a dump. If i dont see oscillators aligning with it, ill change to the other count
Target btc W4 top at 29.8k to 31.2k.
Why?
Im adjusting because whatever I do, the price action, and count for alts seem to be hyperbullish. Btc cannot be dumping while alts are pumping.
If I see any changes, ill keep you updated.
Our invalidation is 18.9K.
What's around the corner for BTC from Elliott & Wyckoff on 1D?!My TA on 1D is based on Elliott and Wyckoff pattern.
I did not include any indicators for this TA as at this time they do not show any confirmation for the price reversal. This may take a few days given today's drop. Therefore, there is no need to disregard a possibility of a price falling further down to around 40,300 USD or even to 33,500 USD. It may happen!
However, currently the price is bouncing off the local descending trend line in black colour and also off the blue colour line. The vertical volume shows divergence against price for the last 5 days (see the last 5 red candles). Along with its yesterday's longest red candle such action indicates a price reversal.
I will update this TA as price action moves along, so keep track of it!
#BTCUSDT 100% Accurate Signal ! $28k on board? or a trap??Hope you followed my last update which was 100% accurate.
BTC reached my target of $19.2k and bounced.
Currently, the chart shows potential for a rally toward the $21.6k level.
Trade Update:-
We are spot long since $19.3k which was given last time and right now we are waiting for a perfect breakout and close above $22k which will trigger a rally towards $27k-$28k.
Leverage long with an entry around $19.2k was closed at $20.9k.
If you are willing to long BTC on leverage, the best level should be $19.8k to $20.4k with an SL at $19688.
DYOR This is not financial advice!
To stay on the safer side it's always better to wait for confirmations on higher time frames likely weekly.
PA in lower time frames could be tricky.
Conclusion:-
BTC is bullish and the best price to long will be below $20.4k with SL around $19688 (subject to change as per market conditions).
A break above $22k will trigger a multi-week rally across the market.
More details are given in the chart, Please Observe!
Please do hit the like button and share your views in the comments section.
Thank you
#PEACE
BTC/USD - Potential Short ScenarioHello Traders!
After a month of consolidation between the local support levels of $19000 and resistance of $22800, the corrective movement began to develop.
We can assume that liquidity collection in the price range of $22800 - $26500 will be the movement's goal, where the price is now.
The structure of the higher timeframes remains downward. The trend change will occur if the price passes the resistance level of $29500 and breaks the downward sloping line.
Based on the analysis of senior timeframes and the macro situation, we can assume another wave of decline in the market. In that case, We can gain medium-term purchases on Bitcoin in parts between the price levels of $13900 - $16500.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice