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VELOCITY2123
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#BTCUSDT
$BTC
MEDIUM RISK SELL in H4 Time Frame 05-07-24 3:00 am
#Write2Earn!
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#BTCUSDT $BTC LAST HOPE FOR BUYERS Bitcoin is about to test its strongest support at 56500 (+/-$300). The chart is self explanatory. Both of the bottom lines of D-channel and Int Bearish Channel are aligned at this point. If this holds then next immediate resistance will be 62300-63300 top line of Int bearish chnl and Mid Bone of D-Channel. On the other hand if in case this support get broken then we have to wait for the price to test this support gone resistance and get a rejection from it to head towards 50500. CONCLUSION : I will try to find a buy entry around 56500 (+/-$300) with a stop loss at 55500. If the stop loss hits and support gets broken then will wait to retest the price back to 56500 to receive rejection. Then a sell entry can be obtain taking 56500 as resistance.fd NOTE:- To avoid stop loss hitting, we can replace our stop loss and set it at entry point after having in profit of 2-3%. In this manner we may have another chance to re-enter and keep our equity save. Good Luck! #Write2Earn!
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#BTCUSDT $BTC BITCOIN APPROACHING THE TARGET 56500 As per our last post last message to BE the trades entries around 59144 have been closed by half TP and half hitting the BE. The result is coming, we are heading towards our target bottom of D-Channel at 56500. We have to look around at 360 degree in the market as it moves in zig zag pattern and never go straight. That is the reason we look for small opportunities to pick in the way. Now, there is a buy chance around 56500-56000 but if the stop loss gets hit 55500 then there is a great chance that price might test the bottom line of D-Channel and gets rejection from it to head towards 50500. Further to elaborate, but it will be before time, 49500 will be the strongest support in larger time frames. On the other side if the bottom of D-channel rejects the price and make bounce to head towards top of this channel then our immediate resistance will be at Sma200 60000. Good Luck! #Write2Earn!
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#BTCUSDT $BTC BITCOIN AT STRONG SUPPORT I want it ! I wanna try it ! 59950 support of Sma200 and immediate last low at 58333 are the points to be calculated. If we take the mean value that will ve 59142 +/-$300. Good Luck! #Write2Earn!
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#BTCUSDT $BTC BTCUSDT FINAL DECISSION If we observe our previous charts and combine them with current situation, Btc is respecting our path. 60500 broken and now it is at 59xxx. Price have bounced back from these supports in the past and didn't allow price to test our target 56500. It is at the support level of Sma200 D1 TF rite now and lets C what happens at the closure of the day this time. Our Intraday set up is on the way going well we are in no hurry. #Write2Earn!
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#BTCUSDT $BTC POINT OF IMPACT This is the bird eye view of what is happening and what might happen with the price action. We have marked two major channels ascending channel (A-Channel) descending channel (D-Channel). Further, for more precise move we have taken two more minor channels Int Bullish Channel and Int Bearish Channel. The price is moving between Sma200 and Sma44 with a Golden Cross to determine Bullish Trend in larger Time Frames. We have been observing the movement since March 2024 that lead us to create these channels for us. Now as per our observation Bitcoin is at the point of impact to decide its major movement. The box made by Int channels made us see this impact. If any of these Int channels are followed by the price then we might see the top or bottom by the end of this month. Lets trade with patience and discipline and try to catch the tail of this Devil. Good Luck ! #Write2Earn!
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