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Bitcoin - 202% profit, next target 79959 USD! Bitcoin is absolutely ready for a massive uptrend to my profit target of 79959 USD! In this analysis, I will tell you why Bitcoin is bullish. First of all, we need to take a look at the weekly candles. The last weekly candle is a bullish engulfing candle. It means that the body of the candle engulfed the previous candle. Strong reversal signal, especially on the weekly chart! From the Elliott Wave perspective, we have completed the major wave (2) with a WXYXZ corrective pattern (triple three). Bitcoin is starting a new impulse wave (3)! Usually waves 3 are the strongest waves, and in this case, I expect the target to be at the 1.618 FIB extension of wave (1) => wave (2). The next bullish signal is the 200-week exponential moving average (EMA). As we can see, the price is holding this key dynamic support, and the bulls successfully defended it! This EMA is considered to have strong support or resistance by huge institutions and hedge funds. Now for a pretty important question: what are the resistances on the way up to 80k? It's definitely the 0.618 FIB + POC of the previous market structure, which is at 38984. Then 48234 as a previous swing high, and of course the previous all-time high at 69000. You can use these levels for a potential quick short trade on the futures market with leverage! The downtrend basically ended in January 2023 after breaking the major blue trendline. We also had a retest of this trendline in March 2023. The price in March was around 25k and now in September, the price is around 26k after 6 months of sideways price action. This is a great opportunity to buy/long Bitcoin, so you don't need to wait 6 months for boring price action! What do you think, guys? Are you ready for a massive bull market? Let me know in the comment section down below! I must know your opinion. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
242
EURUSD: Potential Scenarios Ahead of FOMC 🇪🇺🇺🇸 Today, we are awaiting FOMC. Here are the potential scenarios for EURUSD. Bullish Scenario The price has recently reached a support line of a falling parallel channel and nicely bounced from that. Currently, the market is testing 1.07 horizontal daily resistance. IF the price breaks and closes above that on a daily, a bullish continuation will be anticipated at least to 1.0755 Bearish Scenario The market is currently consolidating within a horizontal range on a 4h time frame, bearish breakout of its support will give you a strong bearish confirmation. 4h candle close below 1.0672 will be a strong bearish signal. A bearish movement will be expected to 1.064 support then. I will discuss EURUSD and many other pairs on a live session today. Don't miss it! ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
CADCHF: Your Detailed Trading Plan 🇨🇦🇨🇭 Take a look at CADCHF. The pair broke and closed above a key daily resistance last week. The price is currently consolidating with a narrow horizontal range, retesting the broken structure. Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range. 4H candle close above 0.6643 will confirm the violation. A bullish continuation will be anticipated to 0.6655 / 0.6665 levels then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
Bitcoin - This week 10% pump or 10% dump! (BREAKOUT) This week is going to be huge! We have this head and shoulders pattern that is ready for a massive breakout. I give it a 70% chance of breaking down and a 30% chance of breaking out of this pattern. The most important thing is to let me know in the comment section what you think about this upcoming crash or pump! Up or down? Bitcoin is on the road to 20k and potentially 15k later this year if this pattern breaks down, so for the bulls, it's important to defend this support and start a new uptrend from here. As you probably already know from my previous ideas, September is the worst month for Bitcoin, with an average negative return. That means the price of Bitcoin usually goes down in September. This is a statistical fact, but of course it's not a guarantee. It's likely for Bitcoin to go down based on historical data. The halving event in April next year is still too far away, so you cannot rely on it. Most likely, we are going to find the bottom on Bitcoin in March 2024. This is a quick update on the price of Bitcoin. I always give you a complete outlook for Bitcoin to stay updated on all time frames. From monthly to hourly. Make sure you follow me so you do not miss out on my next update! We all know that the price of Bitcoin can sometimes become very boring when it's stuck in a range and volatility is at its historical minimum. But it is how it is, and that's why if you are a crypto trader, you can trade altcoins as well for diversification purposes. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
147
trading Bitcoin within a trading rangetrading Bitcoin (BTC) within a trading range or "box." Here's a breakdown of your strategy: Entry Point: Buy Bitcoin when its price reaches the bottom of the trading range or the "box." This implies buying when the price is at the support level of the range, which is a common approach in range-bound trading. Exit Point: Be prepared to sell Bitcoin if it closes a trading day outside of the box. This would signal a potential breakout from the range, and you aim to profit from the price movement that follows the breakout. Emergency Stop Loss: Set an emergency stop loss at 2 Average True Range (ATR) levels below your entry point. This stop loss is designed to limit your potential losses in case the trade moves significantly against you. Price Target: Your target for taking profit is the 200-day Simple Moving Average (SMA), which you expect to act as resistance. This means you intend to sell when Bitcoin's price approaches the 200-day SMA.
BLong
by rjuliochile
Bitcoin - Secret patterns for professional traders! The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all! You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price! Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4). As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.  This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
91
AUDUSD: Top-Down Analysis & Trading Plan 🇦🇺🇺🇸 AUDUSD is currently consolidating within a wide horizontal range on a daily. The price is approaching a support of the range at the moment. I spotted one more range on a 4H time frame. A breakout of its resistance can be a good confirmation to buy the pair. 4H candle close above 0.6405 will confirm the violation. A bullish move will be anticipated to 0.6437 / 0.646 levels then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX