LIVEAlejaaa
@Aleja
Everything I share here is not financial advice. My insights are based on personal experience and supported by historical data.
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BTC Outlook: Short-Term Bullish, Monthly Bearish
Before we anticipated support at the 1 week 50 day MA and our diagonal support, BTC bounced in that area with strong buying pressure, pushing momentum to 58,600. I remain short-term bullish on BTC until it reaches the 200-day MA. The volume will determine if there's sufficient buying pressure to break above this MA, especially as the 200-day and 50-day MAs are converging, creating a strong resistance level.
The price is near 59,000, a psychological resistance. Breaking through this would require significant volume and weakening selling pressure. Positive news could trigger a rally, while negative news might lead to another sell-off. Given our current position and profit, I'll raise my stop loss above my entry point and take partial profits along the way.
Regarding monthly returns (Monthly Returns Analysis), I'm bearish on BTC for this month based on historical data. There's a palpable fear in the market right now, aligning with the adage 'to be fearful when others are greedy and to be greedy only when others are fearful.
#BinanceLaunchpoolHMSTR
#FTXSolanaRedemption
#GrayscaleXRPTrust
#CPI_BTC_Watch
#DOGSONBINANCE
$BTC
$POL
$TON
Before we anticipated support at the 1 week 50 day MA and our diagonal support, BTC bounced in that area with strong buying pressure, pushing momentum to 58,600. I remain short-term bullish on BTC until it reaches the 200-day MA. The volume will determine if there's sufficient buying pressure to break above this MA, especially as the 200-day and 50-day MAs are converging, creating a strong resistance level.
The price is near 59,000, a psychological resistance. Breaking through this would require significant volume and weakening selling pressure. Positive news could trigger a rally, while negative news might lead to another sell-off. Given our current position and profit, I'll raise my stop loss above my entry point and take partial profits along the way.
Regarding monthly returns (Monthly Returns Analysis), I'm bearish on BTC for this month based on historical data. There's a palpable fear in the market right now, aligning with the adage 'to be fearful when others are greedy and to be greedy only when others are fearful.
#BinanceLaunchpoolHMSTR
#FTXSolanaRedemption
#GrayscaleXRPTrust
#CPI_BTC_Watch
#DOGSONBINANCE
$BTC
$POL
$TON
Bitcoin's Next Move: Bullish or Bearish?
I've remained flat, avoiding market trading and investing more of my stables in spot. Futures are challenging right now, as the market tends to trigger our SL in both directions. So, where are we in the market, and what is the current situation?
In the 1D timeframe, we can observe that $BTC has formed a descending channel. While this is typically a bullish pattern, it needs to be supported by other indicators showing bullish signs as well. Last month, we noted that BTC was indicating a choppy movement and started to fall below the 50D MA, although it occasionally broke above it. Currently, we are still below the 200D MA and are struggling to break above it. The 50D MA is gradually closing in on the 200D MA, and a crossover could indicate a death cross. What levels should we watch for? I'm focusing on the support of the descending channel and the 50Dy MA in the 1W timeframe, as both are showing strong support at that level.
In lower timeframes, BTC rejection at 64.2k or our golden zone was evident. It struggled to break above this level, and volume dried up, leading us to fall back below 60k. Currently, we're trading within the 61k to 57k range. Key levels in this area include 55.9k and 54.7. We can't rule out the possibility of a further decline below 54.7k, which could potentially lead to a test of the 48.8k level.
Using historical data as a strategy helped us protect our capital. As previously posted, August and September tended to have the lowest Bitcoin returns, and this year, the ongoing war and the upcoming U.S. elections on Nov 5 added further uncertainty to the market.
Historically, the market tends to strengthen from October to November. So, consider carefully buying dips during this period, holding your bags, and selling at the peak.
$DOGS $TON
#DOGSONBINANCE
#BNBChainMemecoins
#TelegramCEO
#PowellAtJacksonHole
#CryptoMarketMoves
I've remained flat, avoiding market trading and investing more of my stables in spot. Futures are challenging right now, as the market tends to trigger our SL in both directions. So, where are we in the market, and what is the current situation?
In the 1D timeframe, we can observe that $BTC has formed a descending channel. While this is typically a bullish pattern, it needs to be supported by other indicators showing bullish signs as well. Last month, we noted that BTC was indicating a choppy movement and started to fall below the 50D MA, although it occasionally broke above it. Currently, we are still below the 200D MA and are struggling to break above it. The 50D MA is gradually closing in on the 200D MA, and a crossover could indicate a death cross. What levels should we watch for? I'm focusing on the support of the descending channel and the 50Dy MA in the 1W timeframe, as both are showing strong support at that level.
In lower timeframes, BTC rejection at 64.2k or our golden zone was evident. It struggled to break above this level, and volume dried up, leading us to fall back below 60k. Currently, we're trading within the 61k to 57k range. Key levels in this area include 55.9k and 54.7. We can't rule out the possibility of a further decline below 54.7k, which could potentially lead to a test of the 48.8k level.
Using historical data as a strategy helped us protect our capital. As previously posted, August and September tended to have the lowest Bitcoin returns, and this year, the ongoing war and the upcoming U.S. elections on Nov 5 added further uncertainty to the market.
Historically, the market tends to strengthen from October to November. So, consider carefully buying dips during this period, holding your bags, and selling at the peak.
$DOGS $TON
#DOGSONBINANCE
#BNBChainMemecoins
#TelegramCEO
#PowellAtJacksonHole
#CryptoMarketMoves
BTC Breakout: What's Next?
Going back to our last post, $BTC crushed all our targets. Right now, it broke the range in the 1-hour timeframe, so we're going to move to a higher timeframe and look for another opportunity.
Last Post
In the 4-hour timeframe, it was still within our inside Fibonacci range and respecting our levels. Where is $BTC ? It's inside our golden zone, 64.2k - 61.3k. What should we look for in this case? Most of the time, there are many rejections both ways, but if we manage to break the above, we can see a possible continuation, the same if it breaks to the downside.
4H Time Frame Chart: https://www.tradingview.com/x/QSJfTSvi/
In the 1-day timeframe, we are seeing a possible diagonal resistance starting from 71.7k - 68.3k - 65.5k. We see BTC becoming weaker and weaker as it approaches that area, showing the strength of sellers. If we're looking for a possible reversal area or for BTC to reach the 61.3k level before a continuation, it's the same for the 50-MA. In the 1-day timeframe, if it's confirmed that BTC is going to get back in range, it's the same level as the bottom range, which is 59.1k.
$BTC
#BinanceBlockchainWeek
#LowestCPI2021
#SahmRule
#BlackRockETHOptions
#BinanceTurns7
Going back to our last post, $BTC crushed all our targets. Right now, it broke the range in the 1-hour timeframe, so we're going to move to a higher timeframe and look for another opportunity.
Last Post
In the 4-hour timeframe, it was still within our inside Fibonacci range and respecting our levels. Where is $BTC ? It's inside our golden zone, 64.2k - 61.3k. What should we look for in this case? Most of the time, there are many rejections both ways, but if we manage to break the above, we can see a possible continuation, the same if it breaks to the downside.
4H Time Frame Chart: https://www.tradingview.com/x/QSJfTSvi/
In the 1-day timeframe, we are seeing a possible diagonal resistance starting from 71.7k - 68.3k - 65.5k. We see BTC becoming weaker and weaker as it approaches that area, showing the strength of sellers. If we're looking for a possible reversal area or for BTC to reach the 61.3k level before a continuation, it's the same for the 50-MA. In the 1-day timeframe, if it's confirmed that BTC is going to get back in range, it's the same level as the bottom range, which is 59.1k.
$BTC
#BinanceBlockchainWeek
#LowestCPI2021
#SahmRule
#BlackRockETHOptions
#BinanceTurns7
No Short, No FOMO: Sticking to the BTC Plan
Did I manage to short the market? No. As I mentioned previously, the top range is 61.5k, and BTC just reached 61.4k before declining. I avoided a FOMO short because it wasn't part of my plan. I'm committed to trading based on my strategy, not emotions. Here's my current $BTC plan: open a long position at the bottom range and partially set the take-profit at the median and top range.
One thing we've been correct about is that the market will go up and then down in that area. I hope you can capitalize on my TA!
$BTC
#BinanceBlockchainWeek
#BinanceLaunchpoolDOGS
#MarketSentimentToday
#BinanceSquareCreatorAward
#BecomeCreator
Did I manage to short the market? No. As I mentioned previously, the top range is 61.5k, and BTC just reached 61.4k before declining. I avoided a FOMO short because it wasn't part of my plan. I'm committed to trading based on my strategy, not emotions. Here's my current $BTC plan: open a long position at the bottom range and partially set the take-profit at the median and top range.
One thing we've been correct about is that the market will go up and then down in that area. I hope you can capitalize on my TA!
$BTC
#BinanceBlockchainWeek
#BinanceLaunchpoolDOGS
#MarketSentimentToday
#BinanceSquareCreatorAward
#BecomeCreator
Profit from the Crypto Market: A Step-by-Step Guide
Last time, we discussed the possibility of a death cross. However, the price has been struggling to break below 58k, with some buying volume around that level. It's also facing resistance at the 200-day moving average, resulting in current sideways movement around the 200-day MA. There's a lack of momentum in the larger time frames.
(Chart: https://www.tradingview.com/x/hLqshEgJ/)
On the 1-hour time frame, I see a range forming. We can potentially trade this range until a breakout occurs. We would enter a long position at the bottom of the range, take profit on 50% of the position at the middle of the range, and move the stop loss to breakeven. We would set a take profit for the remaining position at the top of the range. Conversely, if the price is near the top of the range, we would enter a short position, take a profit of 50% in the middle, and move the stop loss to BE. Finally, set a take profit for the remaining position at the bottom of the range. It's crucial to avoid tight stop losses as the market can easily trigger them. Additionally, look for signs of momentum to avoid "catching falling knives" (entering a trade against a strong downtrend).
Range details:
Top Range: 61.5k
Median: 59.8k
Bottom Range: 58.1k
(Chart: https://www.tradingview.com/x/h1Wom5vd/)
$BTC
#LowestCPI2021
#PowellAtJacksonHole
#MarketDownturn
#CryptoMarketMoves
#MarketSentimentToday
Last time, we discussed the possibility of a death cross. However, the price has been struggling to break below 58k, with some buying volume around that level. It's also facing resistance at the 200-day moving average, resulting in current sideways movement around the 200-day MA. There's a lack of momentum in the larger time frames.
(Chart: https://www.tradingview.com/x/hLqshEgJ/)
On the 1-hour time frame, I see a range forming. We can potentially trade this range until a breakout occurs. We would enter a long position at the bottom of the range, take profit on 50% of the position at the middle of the range, and move the stop loss to breakeven. We would set a take profit for the remaining position at the top of the range. Conversely, if the price is near the top of the range, we would enter a short position, take a profit of 50% in the middle, and move the stop loss to BE. Finally, set a take profit for the remaining position at the bottom of the range. It's crucial to avoid tight stop losses as the market can easily trigger them. Additionally, look for signs of momentum to avoid "catching falling knives" (entering a trade against a strong downtrend).
Range details:
Top Range: 61.5k
Median: 59.8k
Bottom Range: 58.1k
(Chart: https://www.tradingview.com/x/h1Wom5vd/)
$BTC
#LowestCPI2021
#PowellAtJacksonHole
#MarketDownturn
#CryptoMarketMoves
#MarketSentimentToday
Market Indecision Reigns, News Could Spark Volatility
Where are we in the market right now?
BTC is still choppy on the 1-day timeframe, but I'm seeing a possible next range of $62.7k (top) and $48.8k (bottom). This is not confirmed yet and needs some price movement to solidify. (Link for the chart: https://www.tradingview.com/x/oiWCgZzO/)
Bigger picture (1-day timeframe)
The market is choppy and sideways around the 200-day moving average (MA), indicating no clear momentum in price direction. However, we can see the 50-day MA approaching a crossover with the 200-day MA, which is a potentially bearish signal (a death cross).
(Link for the chart: https://www.tradingview.com/x/R8Q3fdzG/)
Previous analysis (Previous Analysis)
We previously discussed the possibility of Bitcoin retesting the market at $56k. This target has been reached, but the market remains indecisive. Any news event could trigger a price surge (pump) or sell-off.
4-hour timeframe
The price is currently trading within a range of $61.3k - $58.4k. Traders can abuse this range until a breakout occurs. It's important to note that the market may be targeting stop-loss orders, so be cautious when placing them to avoid getting stopped out even if your technical analysis is correct.
(Link for the chart: https://www.tradingview.com/x/kJmR88T6/)
$BTC
#BinanceSquareCreatorAward
#BecomeCreator
#MarketDownturn
#LowestCPI2021
#SahmRule
Where are we in the market right now?
BTC is still choppy on the 1-day timeframe, but I'm seeing a possible next range of $62.7k (top) and $48.8k (bottom). This is not confirmed yet and needs some price movement to solidify. (Link for the chart: https://www.tradingview.com/x/oiWCgZzO/)
Bigger picture (1-day timeframe)
The market is choppy and sideways around the 200-day moving average (MA), indicating no clear momentum in price direction. However, we can see the 50-day MA approaching a crossover with the 200-day MA, which is a potentially bearish signal (a death cross).
(Link for the chart: https://www.tradingview.com/x/R8Q3fdzG/)
Previous analysis (Previous Analysis)
We previously discussed the possibility of Bitcoin retesting the market at $56k. This target has been reached, but the market remains indecisive. Any news event could trigger a price surge (pump) or sell-off.
4-hour timeframe
The price is currently trading within a range of $61.3k - $58.4k. Traders can abuse this range until a breakout occurs. It's important to note that the market may be targeting stop-loss orders, so be cautious when placing them to avoid getting stopped out even if your technical analysis is correct.
(Link for the chart: https://www.tradingview.com/x/kJmR88T6/)
$BTC
#BinanceSquareCreatorAward
#BecomeCreator
#MarketDownturn
#LowestCPI2021
#SahmRule
BTC Price Action Analysis: Short-Term Outlook
BTC reached our target, not only retesting but breaking the 200MA. It immediately attempted to break the 50MA as well. On the 4-hour timeframe, Bitcoin was retesting the golden zone, a critical area where it needed to hold or decisively break with volume and momentum to confirm a reversal.
Currently, BTC is trading at $60K. I'm considering a short position in this area with a target of $59.1K to $58.4K.
Potential reversal zones are at $58.4K and $54.7K. I'll set alerts and observe Bitcoin closely near those levels, looking for significant selling volume to avoid buying the dip.
The cheat sheet below shows that Bitcoin dominance is increasing, which often leads to significant declines in altcoin prices if BTC's value drops.
https://www.tradingview.com/x/9Ix9wE8H (50 MA & 200 MA)
https://www.tradingview.com/x/CiaTo64b (BTC 4H TF)
$BTC
#BTC
#Megadrop
#BinanceTournament
#MarketDownturn
#altcoins
BTC reached our target, not only retesting but breaking the 200MA. It immediately attempted to break the 50MA as well. On the 4-hour timeframe, Bitcoin was retesting the golden zone, a critical area where it needed to hold or decisively break with volume and momentum to confirm a reversal.
Currently, BTC is trading at $60K. I'm considering a short position in this area with a target of $59.1K to $58.4K.
Potential reversal zones are at $58.4K and $54.7K. I'll set alerts and observe Bitcoin closely near those levels, looking for significant selling volume to avoid buying the dip.
The cheat sheet below shows that Bitcoin dominance is increasing, which often leads to significant declines in altcoin prices if BTC's value drops.
https://www.tradingview.com/x/9Ix9wE8H (50 MA & 200 MA)
https://www.tradingview.com/x/CiaTo64b (BTC 4H TF)
$BTC
#BTC
#Megadrop
#BinanceTournament
#MarketDownturn
#altcoins
Bitcoin Bounces Back, Retest Incoming!
$BTC bounced off the $49K level, which was higher than our anticipated support at $48.4K. I overlooked the support level in that area!
What should we expect next? It seems Bitcoin is heading for a retest of our previous range, coinciding with the 200MA and a potential fill of the $61.2K - $58.2K gap. We need strong momentum to reverse the trend once we reach these levels, otherwise, bears might maintain control.
Personally, I've invested in alts like ONDO, WIF, FET, ICP, NEAR, PEPE, KAS, MEME, and TON. These tokens have strong narratives in this market and tend to outperform large-cap coins.
Key Resistance Levels:
$59.4k (200MA) (Time of posting)
$59.1k (Last range support which acts as a resistance now)
$58.2k - $61.2k (FVG)
These are potential areas where Bitcoin could face rejection or be swept through before continuing its downtrend. As mentioned, we need significant volume and momentum to reverse the bearish sentiment.
$BTC
#MarketDownturn
#RecessionOrDip?
#BTCMarketPanic
#BinanceTournament
#bitcoin
$BTC bounced off the $49K level, which was higher than our anticipated support at $48.4K. I overlooked the support level in that area!
What should we expect next? It seems Bitcoin is heading for a retest of our previous range, coinciding with the 200MA and a potential fill of the $61.2K - $58.2K gap. We need strong momentum to reverse the trend once we reach these levels, otherwise, bears might maintain control.
Personally, I've invested in alts like ONDO, WIF, FET, ICP, NEAR, PEPE, KAS, MEME, and TON. These tokens have strong narratives in this market and tend to outperform large-cap coins.
Key Resistance Levels:
$59.4k (200MA) (Time of posting)
$59.1k (Last range support which acts as a resistance now)
$58.2k - $61.2k (FVG)
These are potential areas where Bitcoin could face rejection or be swept through before continuing its downtrend. As mentioned, we need significant volume and momentum to reverse the bearish sentiment.
$BTC
#MarketDownturn
#RecessionOrDip?
#BTCMarketPanic
#BinanceTournament
#bitcoin
Bitcoin Price Prediction: Key Levels and Support Zones
Bitcoin reached $59K! Last time we discussed the potential levels $BTC could hit if a dump occurred, and we said that any news could trigger a market sell-off. Both of these scenarios happened, but we're still within the predicted range.
I'm closely watching $BTC to see if it will generate significant buy volume in this area. The 200MA is currently at $59.5K, so we have two potential signals that could push the market higher again. However, if the price closes below the 200MA, it would indicate a death cross, which is a long-term bearish signal.
Currently, I'm targeting a BTC price of $54.2K to $53.3K. In a worst-case scenario, it could sweep the gap at $52.8K to $51.4K or even $48.4K.
Possible buy levels for $BTC :
$54.2K - $53.2K (Fibonacci level)
$52.8K - $51.4K (Fair Value Gap)
$48.4K (Liq)
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTournament
#BTC
#bitcoin
$BTC
Bitcoin reached $59K! Last time we discussed the potential levels $BTC could hit if a dump occurred, and we said that any news could trigger a market sell-off. Both of these scenarios happened, but we're still within the predicted range.
I'm closely watching $BTC to see if it will generate significant buy volume in this area. The 200MA is currently at $59.5K, so we have two potential signals that could push the market higher again. However, if the price closes below the 200MA, it would indicate a death cross, which is a long-term bearish signal.
Currently, I'm targeting a BTC price of $54.2K to $53.3K. In a worst-case scenario, it could sweep the gap at $52.8K to $51.4K or even $48.4K.
Possible buy levels for $BTC :
$54.2K - $53.2K (Fibonacci level)
$52.8K - $51.4K (Fair Value Gap)
$48.4K (Liq)
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTournament
#BTC
#bitcoin
$BTC
Bitcoin's 70k Rejection: The Beginning of the End?
BTC reached 70k as expected but immediately faced rejection at that level. This indicates selling pressure, as the price always gets volatile when approaching the 70k zone. Currently, BTC is below the median, hinting at a possible drop to 63.4k or a sweep of the gaps below, as mentioned before. (https://www.tradingview.com/x/UTzrTkO9/)
What should we expect?
BTC is still trading within our range of 73.8k - 59.1k. We will likely continue trading at these levels until BTC breaks out of this range. Then, we will react accordingly. Long-term, BTC is likely to retest the 50MA in the 1-day timeframe. The last time it touched the 50MA, it acted as support and pushed BTC to 70k. (https://www.tradingview.com/x/YyCXGOX5/)
Lower timeframe (4H)
BTC respected the Fibonacci levels, finding support at 63.6k (coinciding with the 50MA) before pushing to 69.4k, the next target after breaking the golden zone. Currently, we are back in the golden zone. These levels can guide your entry and exit points. I prefer opening a test buy position for BTC below the zone at 61.1k and adding more at 60k-58.1k. (https://www.tradingview.com/x/3mnFLptR/)
Historical data and FA
August and September tend to yield negative returns for Bitcoin. Additionally, in the stock market, August is a "ghost month," which can also impact the crypto market. I closed some spot positions during last week's pump. I plan to stay liquid, observe the market, and buy near the bottom or use a DCA strategy. BTC, ETH, and other large-cap coins will likely provide good long-term returns. Wait for market stabilization before making gradual investments. Altcoins can offer good returns, but avoid underperforming large-cap and mid-cap coins. They are likely declining in value and shouldn't be seen as discounted. Instead, follow trends and invest in projects gaining market attention. $BTC
#BinanceTurns7it
#SOFR_Spike
#BinanceTournament!
#BTC
#Bitcoinâ
BTC reached 70k as expected but immediately faced rejection at that level. This indicates selling pressure, as the price always gets volatile when approaching the 70k zone. Currently, BTC is below the median, hinting at a possible drop to 63.4k or a sweep of the gaps below, as mentioned before. (https://www.tradingview.com/x/UTzrTkO9/)
What should we expect?
BTC is still trading within our range of 73.8k - 59.1k. We will likely continue trading at these levels until BTC breaks out of this range. Then, we will react accordingly. Long-term, BTC is likely to retest the 50MA in the 1-day timeframe. The last time it touched the 50MA, it acted as support and pushed BTC to 70k. (https://www.tradingview.com/x/YyCXGOX5/)
Lower timeframe (4H)
BTC respected the Fibonacci levels, finding support at 63.6k (coinciding with the 50MA) before pushing to 69.4k, the next target after breaking the golden zone. Currently, we are back in the golden zone. These levels can guide your entry and exit points. I prefer opening a test buy position for BTC below the zone at 61.1k and adding more at 60k-58.1k. (https://www.tradingview.com/x/3mnFLptR/)
Historical data and FA
August and September tend to yield negative returns for Bitcoin. Additionally, in the stock market, August is a "ghost month," which can also impact the crypto market. I closed some spot positions during last week's pump. I plan to stay liquid, observe the market, and buy near the bottom or use a DCA strategy. BTC, ETH, and other large-cap coins will likely provide good long-term returns. Wait for market stabilization before making gradual investments. Altcoins can offer good returns, but avoid underperforming large-cap and mid-cap coins. They are likely declining in value and shouldn't be seen as discounted. Instead, follow trends and invest in projects gaining market attention. $BTC
#BinanceTurns7it
#SOFR_Spike
#BinanceTournament!
#BTC
#Bitcoinâ
Market Meltdown: Crypto Joins Stock Market Plunge
Going back to $BTC , there's a bearish divergence in the 4H timeframe that played out today, which could be one of the reasons why $BTC declined. Additionally, it seems to be forming a bearish expanding triangle, increasing selling pressure.
In the 1D timeframe, as our last TA indicated, we would hit the median of our range and sweep the gaps and lows, which is currently happening. $BTC has gaps from 62.3k to 58.5k, so we might see a bounce in that area. Manage your position carefully and avoid catching the knives.
Looking at the long-term movement, BTC is now retesting the support at the 50MA. As we previously mentioned, BTC did indeed go below the 200MA before climbing again. The death cross has yet to form, which is a lagging indicator. I am monitoring the price to see if it drops below the 50MA or 200MA, as this could potentially change my bias.
I closed some of my long positions but still have others open. I might consider initiating short positions once $BTC closes below the 50MA.
#Bitcoin_Coneference_2024
#BinanceHODLerBANANA
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTurns7
#Megadrop
Going back to $BTC , there's a bearish divergence in the 4H timeframe that played out today, which could be one of the reasons why $BTC declined. Additionally, it seems to be forming a bearish expanding triangle, increasing selling pressure.
In the 1D timeframe, as our last TA indicated, we would hit the median of our range and sweep the gaps and lows, which is currently happening. $BTC has gaps from 62.3k to 58.5k, so we might see a bounce in that area. Manage your position carefully and avoid catching the knives.
Looking at the long-term movement, BTC is now retesting the support at the 50MA. As we previously mentioned, BTC did indeed go below the 200MA before climbing again. The death cross has yet to form, which is a lagging indicator. I am monitoring the price to see if it drops below the 50MA or 200MA, as this could potentially change my bias.
I closed some of my long positions but still have others open. I might consider initiating short positions once $BTC closes below the 50MA.
#Bitcoin_Coneference_2024
#BinanceHODLerBANANA
#US_Job_Market_Slowdown
#SOFR_Spike
#BinanceTurns7
#Megadrop
$BTC Breaks Barriers: $70k or Bust?
Last time, we anticipated a pump after Bitcoin (BTC) deviated from its range. We expected BTC to hit the median around $66.4k. While the pullback didn't reach our target, we remain bullish even during market downturns.
So, what's next for BTC? We just broke above the median, and if this momentum continues in the 1-day timeframe, we could see BTC reach $70k. This area presents both liquidity and psychological resistance.
Looking back at the last deviation in this range, BTC dipped below our bottom target of $59.1k before rallying to $72.1k. This time, the deviation is confirmed since we reached the median. Based on historical data, we can see that BTC reaches $70k-$72k, or even the top of the range at $73.8k.
It's important to note that BTC is creating gaps in the 1-day timeframe, and there's a possibility it will fill them. However, I always maintain a trading plan and adapt my bias based on how the market unfolds.
#BTCâ
#Bitcoinâ
#BTC
#MarketSentimentToday
Last time, we anticipated a pump after Bitcoin (BTC) deviated from its range. We expected BTC to hit the median around $66.4k. While the pullback didn't reach our target, we remain bullish even during market downturns.
So, what's next for BTC? We just broke above the median, and if this momentum continues in the 1-day timeframe, we could see BTC reach $70k. This area presents both liquidity and psychological resistance.
Looking back at the last deviation in this range, BTC dipped below our bottom target of $59.1k before rallying to $72.1k. This time, the deviation is confirmed since we reached the median. Based on historical data, we can see that BTC reaches $70k-$72k, or even the top of the range at $73.8k.
It's important to note that BTC is creating gaps in the 1-day timeframe, and there's a possibility it will fill them. However, I always maintain a trading plan and adapt my bias based on how the market unfolds.
#BTCâ
#Bitcoinâ
#BTC
#MarketSentimentToday
Maximize Gains with the $ETH ETF: Key Levels to Watch
In a 1-day timeframe (1st chart), I'm still bullish. We have a support area at $2.8k to $2.7k, and we saw $ETH bounce in that area. I see a pullback or a filling of the gap at $3.3k to $3.2k, and it may retest the current resistance at $3.7k to $3.6k. ETH might sweep those areas before going up again.
In a 4-hour timeframe, it's the same case for $BTC (2nd chart). It struggled to break the $63.6k area but managed to break it now. Currently, inside the golden zone, it was quickly rejected at $66k. We might see BTC play in this zone, between $66k and $63.6k. Back to ETH (3rd chart), it got rejected by the golden zone ($3.6k to $3.4k). There's a good opportunity to buy here at $3.2k and sell at the peak of the news. If we manage to break this golden zone, our target is $3.8k.
Both timeframes suggest the same thing: there's a possible pullback. I will also move my stop loss above profits and carefully watch the market. In case it shows bearish signs, I will close my positions and wait for another opportunity to open new ones.
Sell the news, buy the rumors!
#ETH_ETF_Approval_23July
In a 1-day timeframe (1st chart), I'm still bullish. We have a support area at $2.8k to $2.7k, and we saw $ETH bounce in that area. I see a pullback or a filling of the gap at $3.3k to $3.2k, and it may retest the current resistance at $3.7k to $3.6k. ETH might sweep those areas before going up again.
In a 4-hour timeframe, it's the same case for $BTC (2nd chart). It struggled to break the $63.6k area but managed to break it now. Currently, inside the golden zone, it was quickly rejected at $66k. We might see BTC play in this zone, between $66k and $63.6k. Back to ETH (3rd chart), it got rejected by the golden zone ($3.6k to $3.4k). There's a good opportunity to buy here at $3.2k and sell at the peak of the news. If we manage to break this golden zone, our target is $3.8k.
Both timeframes suggest the same thing: there's a possible pullback. I will also move my stop loss above profits and carefully watch the market. In case it shows bearish signs, I will close my positions and wait for another opportunity to open new ones.
Sell the news, buy the rumors!
#ETH_ETF_Approval_23July
#Mt_Gox_BTC_Dip
$BTC dipped after Mt. Gox started moving its $2.8B BTC! What's the next possible move for $BTC ?
1-Day Timeframe (First Chart):
There's a Fair Value Gap (FVG) between $60.6k and $58.6k, and our support or bottom range is at $59.1k. We could potentially sweep these gaps and continue upward. I expect $BTC to reach our median of $66.4k before sweeping the gaps below, but it could also sweep the gaps first and then climb.
4-Hour Timeframe (Second Chart):
$BTC is struggling to break through the golden zone between $66k and $63.6k. While it easily surpassed $61.1k, price action has become choppy as it approaches the golden zone. We might see a retest of the $61k support level before another attempt to break the golden zone. If successful, the target is $69.4k.
Nonetheless, we are ready for any possible move. My long position, initiated based on the bullish divergence, is still open. We will react accordingly based on what the market shows us
SELL THE NEWS, BUY THE RUMORS
$BTC dipped after Mt. Gox started moving its $2.8B BTC! What's the next possible move for $BTC ?
1-Day Timeframe (First Chart):
There's a Fair Value Gap (FVG) between $60.6k and $58.6k, and our support or bottom range is at $59.1k. We could potentially sweep these gaps and continue upward. I expect $BTC to reach our median of $66.4k before sweeping the gaps below, but it could also sweep the gaps first and then climb.
4-Hour Timeframe (Second Chart):
$BTC is struggling to break through the golden zone between $66k and $63.6k. While it easily surpassed $61.1k, price action has become choppy as it approaches the golden zone. We might see a retest of the $61k support level before another attempt to break the golden zone. If successful, the target is $69.4k.
Nonetheless, we are ready for any possible move. My long position, initiated based on the bullish divergence, is still open. We will react accordingly based on what the market shows us
SELL THE NEWS, BUY THE RUMORS
See original
$BTC reached the target from bullish divergence! What's next?
If we assume this movement (white circle in the chart) is a deviation then the target is the top range (73.8k) the last time we had a deviation we reached 72.1k (green circle in the chart) We might see a pullback along the way, don't get scared adjust your stop losses, and always follow your plan.
reached the target from bullish divergence! What's next?
If we assume this movement (white circle in the chart) is a deviation then the target is the top range (73.8k) the last time we had a deviation we reached 72.1k (green circle in the chart) We might see a pullback along the way, don't get scared adjust your stop losses, and always follow your plan.
$BTC
If we assume this movement (white circle in the chart) is a deviation then the target is the top range (73.8k) the last time we had a deviation we reached 72.1k (green circle in the chart) We might see a pullback along the way, don't get scared adjust your stop losses, and always follow your plan.
reached the target from bullish divergence! What's next?
If we assume this movement (white circle in the chart) is a deviation then the target is the top range (73.8k) the last time we had a deviation we reached 72.1k (green circle in the chart) We might see a pullback along the way, don't get scared adjust your stop losses, and always follow your plan.
$BTC
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