Hello dear traders.
âĄïž In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr.
đ What to Expect Next?
đĄThe price of Bitcoin is in a vital situation. As long as the price is above the BB midline, the bullish scenario is quite valid.
The bullish scenario targets are on the price chart.
đKey Insights:
The level of $72,784 is the optimal level for risk-freeing long positions.
The risk of this position is lower in the upward direction due to the price trend. But in the case of falling prices, a possible scenario is drawn in the chart.
đOn the other hand, if the price fails to receive the necessary support at the mentioned level, the bearish scenario will be activated around the target of $69,400.
A price stabilization below the middle line of the Bollinger Band can push the price down to pullback to the pitchfork.
âïžReverse scenario:
đŽMajor and hidden divergences are also plotted in the chart. The $67000 level is Bitcoin's support in a bearish scenario.
đŽThe main divergence is related to the OBV indicator, which reinforces the bearish scenario.
On the other hand, the hidden divergence is related to the RSI indicator, which reinforces the bullish scenario.
đŽThe failure of specified support level will bring Bitcoin down to around $65,100.
â Entering a bearish or bullish scenario with the help of price behavior above or below the 4-hour Bollinger midline can be the most optimal strategy in the current market conditions.
Trade stÀngt: mÄlet nÄtt:
đFollow this analytical post to find the optimal buy points before the halving.âïž
đĄAccording to the predicted scenario, after failing to stabilize above the Bollinger Midline, the price of Bitcoin experienced a sharp fall and reached the level of $65,100 mentioned in the scenario.đâ
đFollow this analytical post to find the optimal buy points before the halving.âïž
Trade stÀngt: mÄlet nÄtt:
đĄCurrent market conditions are positive with the approval of Bitcoin and Ethereum ETFs in Hong Kong. But the conditions of the Middle East region may increase the risk of positions.
đIf you are not a risk taker trader in quick scalping positions, do not trade in this current time-frame.
In negative conditions, Bitcoin price may fill the red scenario to the body of the previous bearish candlestick.âïž
On the other hand, the stabilization of Bitcoin within the pitch-fork structure can activate the green scenario.âïž
According to the predicted scenario, Bitcoin experienced an upward correction and returned to testing the support levels.đâ
đĄCurrent market conditions are positive with the approval of Bitcoin and Ethereum ETFs in Hong Kong. But the conditions of the Middle East region may increase the risk of positions.
đIf you are not a risk taker trader in quick scalping positions, do not trade in this current time-frame.
In negative conditions, Bitcoin price may fill the red scenario to the body of the previous bearish candlestick.âïž
On the other hand, the stabilization of Bitcoin within the pitch-fork structure can activate the green scenario.âïž
Handel aktiv:
đ©The red scenario is going ... đ»
Kommentera:
đĄAs predicted by the previous analysis, Bitcoin rejected below the mentioned level and go down to the middle line of the pitch-fork and to the previous pivot level near the liquidity zone.
đĄAs predicted by the previous analysis, Bitcoin rejected below the mentioned level and go down to the middle line of the pitch-fork and to the previous pivot level near the liquidity zone.
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đČ Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealthâš
đGot Feedback? We're all ears!đ
đRide this journey with usđ„
đFurther, if the price can stabilize above the level of $64,475, Bitcoin will advance to around $67,000 and then $70,000.
đOn the other hand, if the price rejected below the mentioned level, BTC will go down to the middle line of the pitch-fork and to the previous pivot level.