📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
Fresh Week. Fresh lines. Although I am Bullish but i don't do fomo buy the resistance. In daily we are approaching Descending trendline resistance in confluence with horizontal Resistance at 28.5k. Also we have Daily MA50 around 28.2k (lagging indicator describing short Term trend). So unless we clear 28.2ka-28.k cluster of resistance, it's no brainer to Long mid way. We already have long running from 26.4-26.5k levels.
Those who missed, I've drawn most probable scenario where we can go long. I'm hoping for a successful Retest of 27.4k resistance turned support. Will watch PA at those levels and if needed, will add to our longs.
Time Frame - 4 Hour (LTF)
Fresh Week. Fresh lines. Although I am Bullish but i don't do fomo buy the resistance. In daily we are approaching Descending trendline resistance in confluence with horizontal Resistance at 28.5k. Also we have Daily MA50 around 28.2k (lagging indicator describing short Term trend). So unless we clear 28.2ka-28.k cluster of resistance, it's no brainer to Long mid way. We already have long running from 26.4-26.5k levels.
Those who missed, I've drawn most probable scenario where we can go long. I'm hoping for a successful Retest of 27.4k resistance turned support. Will watch PA at those levels and if needed, will add to our longs.
#Bitcoin real time analysis and possible scenario
Shrimp Entities (< 1#BTC) continue their aggressive accumulation of #Bitcoin recording a monthly increase of +24.6K BTC, with only 224 / 5226 (4.3%) trading days recording a larger expansion, bringing the supply held by Shrimp to an ATH or 1.31M.
The intensity of accumulation is further exemplified by the fact that 160 of these trading days occurred across the last year alone.
The intensity of accumulation is further exemplified by the fact that 160 of these trading days occurred across the last year alone.
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Top 100 24h Gainers 🚀
GRT $0.1277 +7.58%
INJ $7.32 +6.10%
BSV $34.51 +5.13%
QNT $108.91 +4.91%
LDO $2.10 +4.85%
Top 100 24h Losers 🔻
RNDR $2.52 -5.81%
HT $3.14 -4.43%
CFX $0.3122 -3.69%
SAND $0.5392 -3.62%
OP $1.56 -3.56%
GRT $0.1277 +7.58%
INJ $7.32 +6.10%
BSV $34.51 +5.13%
QNT $108.91 +4.91%
LDO $2.10 +4.85%
Top 100 24h Losers 🔻
RNDR $2.52 -5.81%
HT $3.14 -4.43%
CFX $0.3122 -3.69%
SAND $0.5392 -3.62%
OP $1.56 -3.56%
The cryptocurrency LTC is moving positively, which is good. I expect more strong movement, especially after forming the cup pattern.
The price is currently trading at the $90 level.
My targets are:
1) $108
2) $122
3) $134
I won't set a stop loss in this case, as any pullback represents a new opportunity to reinforce the deal.
The price is currently trading at the $90 level.
My targets are:
1) $108
2) $122
3) $134
I won't set a stop loss in this case, as any pullback represents a new opportunity to reinforce the deal.
Today is weeknd we can see pump with no volume
Its a bull trap all ready with there long thinking that btc will cross 27.4k and will reach 28k
Now be aware of bulltrap on weeknd
Its a bull trap all ready with there long thinking that btc will cross 27.4k and will reach 28k
Now be aware of bulltrap on weeknd
#Bitcoin Bulls Optimistic, Will BTC Hold Above $26.5k?
FOMO kills 99% of traders.
- If you can't follow your rules, just wait.
- If you can't find good setups, just wait.
- If you can't execute your system, just wait.
1000 opportunities every day, but you just need 1-2.
Become a sniper, not a machine gunner 🙌🏻
- If you can't follow your rules, just wait.
- If you can't find good setups, just wait.
- If you can't execute your system, just wait.
1000 opportunities every day, but you just need 1-2.
Become a sniper, not a machine gunner 🙌🏻
Bitcoin Chart Analysis
T. F. Daily
Well Bitcoin finally fell below 25k even after yesterday's Interest rate pause by FED. Bitcoin is following textbook Price Action. Impact of all political & fundamentals events has duly been incorporated into its Price Action. Yesterday btc broke May Low levels and printed bearish impulsive candle causing price to fall below Fib 0.382 as well. Meanwhile we are making last corrective wave C of Elliot wave theory which will likely find its bottom anywhere between 23.2k (Fib 0.5) to 24.8k.
What to expect in Short Term ?
As long as we are above 24.7k, Expect bitcoin to make bearish retest of May Low at 25.7k delivering some pain to late shorters before next leg down.
Trading Tip:
In these type of challenging market scenarios for Altcoins, Bitcoins is the true safe haven. If you guys manage to survive 2023 crypto winter, you guys will deserve all the gains Bitcoin delivers when it gets hot around halving season in 2024. Good to start Spot accumulation with lower bids at 23.5k
T. F. Daily
Well Bitcoin finally fell below 25k even after yesterday's Interest rate pause by FED. Bitcoin is following textbook Price Action. Impact of all political & fundamentals events has duly been incorporated into its Price Action. Yesterday btc broke May Low levels and printed bearish impulsive candle causing price to fall below Fib 0.382 as well. Meanwhile we are making last corrective wave C of Elliot wave theory which will likely find its bottom anywhere between 23.2k (Fib 0.5) to 24.8k.
What to expect in Short Term ?
As long as we are above 24.7k, Expect bitcoin to make bearish retest of May Low at 25.7k delivering some pain to late shorters before next leg down.
Trading Tip:
In these type of challenging market scenarios for Altcoins, Bitcoins is the true safe haven. If you guys manage to survive 2023 crypto winter, you guys will deserve all the gains Bitcoin delivers when it gets hot around halving season in 2024. Good to start Spot accumulation with lower bids at 23.5k
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