ショート

Bitcoin down to 30100 then as a rocket to 35000, 42000, 47000 $

アップデート済

Dear Friends,

How do things continue after the continuation of my previous analysis with Bitcoin?

We see here that Bitcoin is in a descending trend channel after forming a larger bear flag.
I expect a target of 30100 USD after which we will rebound like a moon rocket to 35000 USD ;-) We will then also have formed a new pattern, namely a reversed head-shoulder formation. As soon as we break through this neckline, we will also immediately go through the upper trendline of the bullish falling wedge.
This is followed by a retest of the neckline of the reversed head shoulder formation and immediately also the bullish falling wedge which has been validated and retested.
Then we probably will first see the price target of 40500 (upper boundery of the range, 42000 USD for the inversed HS formation. and then 47000 USD.
This could very well be the last time Bitcoin revisit the 30000 area. Nothing is sure but for me the pieces of the puzzle fit like a glove.

トレード稼働中

Volume

Dear friends!

Volume is increasing with the drop from the top. So this move is supported by the volume.
If Bitcoin goes deeper than 30,000 then it will probably be a double bottom but will immediately invalidate the inverted head shoulder formation.
We will see that soon enough ;-)

ノート

With the price of BTC going lower than 32300 Bitcoin made a lower low. Now we will get maybe a small rebound en the trend down continues when we make a lower high. Patience is key here. but the volume say everything.

It is often dangerous to catch a falling knife. First there have to be signals like candlesticks, volume, divergences etc. I still thinkn that we will stay in the range for now until we would break out below that range, Then there will be a whole new story for Bitcoin.

ノート

Confirmation in a downward trendchannel
The trend line of this pattern on a 5 minutes chart has been broken.
The target is now 30600 USD as written before. This is of course just another confirmation.
happy and safe trading dear friends!

トレード稼働中

Bitcoin has formed a bearish wedge / flag in the downward channel. A result of a positive divergence in RSI and other indicators.
We can normally expect a further decline soon especially since volume is not rising with the price.

トレード終了: 利益確定目標に到達

Target reached

Dear friends, the goal of this short trade has been met. I will make another analysis soon. Dear friends,If you want want to go long then you need to put a stop below the last low. Those who want to go LONG more safely will do so only when we have set a higher high (33000) and then get another pulback to buy it not at the highest price.

Once the higher high is set, you can zoom in to a lower timeframe to find a good opportunity preferable when price is oversold with a Stochastic or RSI. That is one method but there are so many like candlestick patterns, horizontal support and resistance etc.

As you know, I do not expect scenarios below 28000 yet, but of course I will change my mind immediately if we would drop below that. This market is continuously manipulated to shake everyone out of the tree but fortunately that will not work ;-)

I wish you all very good profits and happy trading!

ノート

Dear Friends,

Here is a small update, a smaller inverted head shoulder formation has emerged.
Target 34000. All this within a newly formed symetrical triangle (orange lines)

Happy trading!

ノート

Diamond
Dear friends,

In addition to this inverted head shoulder formation, we also see a diamond pattern. Target approximately top of the symmetrical triangle if it breaks out to the upside and otherwise BTC will look for the bottom of the triangle again.

ノート

Higher Targets

Dear friends,
A breakout with perfect volume. This move should continue upwards. We probably will see higher targets as we expected.

Happy trading!

ノート

Neckline broken upward

Dear Friends,

The neckline has been broken from the inverted head-shoulder formation. The volume is still low but that is because of the many resistances and fear.

Bitcoin is on its way to the major resistance of the trading range. Meanwhile anything can happen of course but this is a first target and it lies at 41-42000 usd

My advice, always use stops and money management. So max 1 to 2% risk for your total capital.

I wish you all happy trading en amazing profits!

ノート

Update

Dear Friends,

Currently we are in the trading range between 28 and 41000. I expect the following to happen:

Currently the price of bitcoin is 33420 USD.

The price will most likely go to 34000 USD first and then drop to 31600.
After that, I expect another rise to 35000 USD.

We are still in a rising trend with a higher high. Now we have to see if we also set a higher low. That is the way trends work en it is pure price action without any indicator.

Good luck dear friends and happy trading!

ノート

NO LONG UNDER 35450!
Dear Friends,
I am afraid to tell you that we are going to see pretty lower targets for Bitcoin!
At this point, I myself am NOT going to take a long position if the price of Bitcoin doesn't get above 35450. So before a higher high is set it is currently bearish!
Good luck dear friends and happy trading!