Key level broken and buying opportunity with BTCH1 time frame.
Structure: The downtrend ended when Key level at 42800 was broken.
Wait for the retest and the bullish confirmation signal to find an opportunity to enter a buy order.
The profit target is the 45500 price zone.
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Wish you all have a good trading day!
Btc-usdt
Excellent reward coefficient in KSMHello dear friends
What the chart tells me is that the price is involved in large fluctuations in a non-parallel channel. So what can we do to make a profit ???
It is enough to enter the deal in the ceilings and floors after getting the return confirmation and stay with it until the specified ceiling and floor. This chart model is one of the least risky charts.
******Appropriate entry points for supports and resistances according to the chart*******
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Should Dodge decide up or down????Hello dear friends
Everything is shown in the chart and I think this move will be subject to the general market conditions but with higher momentum resulting in more profit potential per unit time. And this is what I am pursuing.
******Appropriate entry points for supports and resistances according to the chart*******
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Thanks dear friends.
Be generous and rich.
BTC Rejection of Uptrend from 0.618 FibThis is an updated Idea from yesterday
Bearish:
1)Reversal of uptrend from 0.618 Fib line at 45,409
2)Loss of Bullish Trend Line
Bullish:
1)Golden Cross Formation of the EMA 50 over 200
New trend:
Look for double Bottom Support off of previous Buyer Support Zone to start new uptrend
IF support isn't found look for a deeper pullback to previous support levels around 36,500
Catalysts:
Several Crypto Themed Superbowl ads for the weekend of Feb 13 are slated to run
- This new uptrend could be the market pricing in these ads
- Watch for a possible selloff during the Superbowl if the market has priced in the catalyst already
btc up 🔥🔥btc up 🔥🔥 🚀 BINANCE:BTCUSDT
After the buyers were unable to get down at the price and close down 40 thousand for three days and the bounce is prepared with dodge candle yesterday and with a volium on the four-hour frame the road became impassable to bounce back about 46 thousand as the first area and 49 thousand as another area
🔥 Bitcoin Is Still In A DowntrendOver the last 10 days or so, Bitcoin has actually been showing some solid performance. However, with today's stock market opening (and trading) in the red, Bitcoin is experiencing the worst day since the Jan-22 dump.
Traders might get bullish seeing that BTC has been trending bullish for around 10 days now, but be aware that we're still in a technical downtrend and that the most likely outcome is for the price to follow the trend.
However, we've seen oversold conditions which we rarely see. So if there was a bottom, it would be $33k. On the other hand, if stocks dump, Bitcoin will blindly follow and completely ignore all forms of technical analysis.
In case of a continued down trend, I'm expecting both $35k and $33k to offer support. If stocks continue to fall, both supports will be taken out with great ease.
Happy trading!