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MBT1! trade ideas

Bitcoin Adjusts or Ends It is better to ask for others than to ask for oneself. The only one who can really relieve worries is oneself. No matter whether it is smooth or rough, we must accept all the encounters in life indifferently, be the strong of life, and not the deserters of life. The trend of Bitcoin from Friday to the present shows that there are many signs of bullishness, so I gave two points this morning, one is relatively aggressive and the other is more conservative. At present, it seems that the aggressive point may not be reached for the time being. Bitcoin operation It is recommended to buy at 26600, stop loss at 26000 points, and target 29000~30000~31000. Bitcoin’s daily line adjustment has touched the 38.2% position of the golden section, and it also pierced through here in the intraday. The upper pressure is 30,000~31,000, and the lower support is 26,600~25,300.
CME:BTC1!Long
by Domineeringdeal
BTC UpdateOddly, BTC seems to be doing a better job of cycling between oversold and overbought on my usual 3hr charts that I normally use for index futures. RSI and MFI hit oversold before Euro markets opened, I think it was the Chinese selling all week, their stock market has been going down all week as well. (Yes, I know the Chinese aren't supposed to trade crypto, but chart shows that they do. When they get a QE to pump their economy, BTC will go up. It always does.) Anyways, I flipped my BITO puts this morning, it was a good trade.
CME:BTC1!
by hungry_hippo
10
#BTCAs a trader and Bitcoin enthusiast, I have been closely monitoring the price movements of Bitcoin and have identified some key levels and patterns that I believe will guide its future price movements. Based on my analysis, I believe that the $20,000 level is a critical price point for Bitcoin. After bottoming at around $15,500, Bitcoin rallied and faced resistance at $25,000, which I expected. It then pulled back to $20,000, forming an inverted head and shoulders pattern with $25,000 as the neckline. Bitcoin broke out of this pattern and reached around $31,000 before dropping below $30,000. I believe that the $20,000 to $30,000 channel is a crucial range for Bitcoin, especially since $20,000 is the all-time high of the 2017 bull market. Currently, Bitcoin is trading around $27,000, and I expect it to either rally from this level or from $25,000 to $35,000, which is the target of the inverted head and shoulders pattern. After reaching $35,000, I anticipate a pullback to $30,000 before Bitcoin rallies to $50,000, which is a psychologically important level. However, I also believe that Bitcoin will drop again to $30,000 before the next halving in 2024. From there, I expect Bitcoin to gain momentum and continue its upward trend. It's essential to remember that price predictions are not guaranteed, and the price of Bitcoin can be influenced by various factors. However, based on my analysis, I believe that these levels and patterns can serve as useful guides for traders and investors looking to navigate the Bitcoin market.
CME:BTC1!Long
by UnknownUnicorn1485768
"SELL IN MAY...?" tgt 33k..?TL;DR: 32k --> 20k...? Here's my current EW count and HTF thesis. If my count is accurate, I think we can squeeze 33k out of wave 5. This will also satisfy the Wyckovians among us but we will not make the D1 gap around 35k. After 33k, I think there is a good chance we can begin dropping back to 20k, where we just made a new D1 gap on the way up. 19k is also the VPOC for this range, so 20k with wicks to 19k seems reasonable to fill the gap and consolidate from this run. The Inverse scallop we made in the low 20's has been satisfied by the recent high at 31k.
CME:BTC1!
by MtGoxFX