⚡️BTC 1D MFI is also important in making a decisions. There was a green bullish bar and all the corrective bars are Fade and Fake. It increases the probability that we will see the local higher high.
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⚡️I made a new Bitcoin analysis update. Briefly, market formed the shortened wave 5, how it's annoying that there were not proper short entry. The only one think which I am proud is that I didn't lose money in the situation where I usually did.
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⚡️⚡️Wave 5 preliminary target is located at $28600. In this area I wanna see the bearish reversal bar with the squat state om MFI.
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⚡️⚡️⚡️I opened local long trade on Bitcoin. Stop loss = $27492. Take profit = $28300. The expected wave 5 should reach the target.
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⚡️⚡️Twitter account is also skyrocketing, I don't know what is happening, but I like it. Let's go, hype train!
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⚡️⚡️⚡️I want to open short on the 0.61 Fibonacci of the confirmed bearish reversal bar. As you can notice I skipped the first bar because in my experience market usually reverses after 2-3 such bars.
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⚡️⚡️This BTC idea is playing out well. The price reached the target for wave 2 at Fibonacci 0.618. Moreover we can see the bearish reversal bar. I expect more consolidation in this area and start of the impulsive dump. Soon I will open short if market gives me clear indication.
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⚡️⚡️I can see the potential safe long trade from the 0.61 Fibonacci retracement $26500. Bitcoin have to print the wave B and after that the wave C, which will collect liquidity above $28300.
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⚡️⚡️⚡️Bitcoin pumped, therefore my rest 50% of short was closed at entry. Total profit +0.9% to deposit. BTC obviously has printed the wave 5 shortened. This is my unfavorable situation, but anyway we have profit. Now I expect the zigzag correction in wave 2 to 0.61 Fibonacci. $28300 is gonna be the nice short entry zone.
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⚡️⚡️Bitcoin demonstrated the huge downside bar with MFI state = 'green'. It means that bears have power to move the price lower. At the same time current bounce has two "fade" candles. It means that pump is not for real. In my opinion it's just a correction and we will see new red candle on Monday.
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⚡️This decision was correct, Bitcoin is forming the bull trap. It has already reached the 0.618 Fibonacci retracement. I am waiting for the bearish reversal bar to add to my short and reduce the potential risk.
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⚡️⚡️⚡️Bitcoin has also printed the confirmed Head & Shoulders pattern. BTC even retested the broken neckline. It means, that road to $23k is open. I like when my trading approach coincides with classical TA.
Читать полностью…⚡️⚡️I have also made a long term analysis on Algorand (ALGO). There are too much interest to this token because it has printed all-time low. I discussed if it's scam or not and where we can buy it.
Читать полностью…🔥BTC trading idea (HIGH RISK)
🟢LONG trade according to bullish reversal bar above the critical level
✅Take profit = $28100
🚫Stop loss = $26803
♨️Risk to reward = 7. My risk = 0.6% of deposit
❗️NOT A FINANCIAL ADIVICE, JUST FOR ENTERTAINING PURPOSE❗️
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🔥BTC trading idea (HIGH RISK)
🟢LONG trade according to bullish reversal bar above the critical level
✅Take profit = $27800
🚫Stop loss = $26950
♨️Risk to reward = 3.61. My risk = 0.5% of deposit
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⚡️⚡️⚡️I closed long at entry. No move to the upside, does not matter to take this trade anymore.
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⚡️Looks like last pump on BTC is happening right now. My long trade is waiting for take profit. Don't forget to count waves inside the wave 5 to not miss the insane short.
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⚡️⚡️⚡️When I will open short? I pointed it out in my new article about Bitcoin analysis.
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⚡️It's very important how today's daily candle will be closed. If BTC will show us the bearish reversal bar in conjunction with the squat bar on the MFI it's almost 100% guarantee the dump.
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⚡️⚡️⚡️At the same time, my account on Binance Feed is also pumping, like Bitcoin tonight. People are feeling who is trying to make the best content for you!
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⚡️⚡️⚡️Guys, I made the mid-term analysis for Bitcoin. After reaching $28300 I expect the road to the hell.
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⚡️Look at the 1D Bitcoin MFI indicator this pump is fake and fade, there is no true bull's power.
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⚡️Anticipated pump on Bitcoin is happening right now. Watch out carefully and do not miss the short opportunity.
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⚡️⚡️Bitcoin is showing final 5 waves Elliott cycle at 5 min chart. This is gonna be end of this pump, I will add to my short in the target area. What do you think, guys?
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⚡️⚡️I closed 50% of my short trade. Consider we can see the short squeeze, but not sure.
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⚡️You should remember that 5D is a working time frame for current bear market. Last time BTC touched red line of an Alligator, but closed above, therefore we didn't see the dump. Today's 5D candle close is vital. In case of breakdown Bitcoin can reach $21k very quick.
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❗️Announcement❗️
Guys, tomorrow I will live stream on Binance Feed. It's gonna be my first stream about Bitcoin local and global analysis
+ we will consider altcoins which you can be interested in.
Use this link to watch the stream
Date and time: 5/25/2023 21:00(+3UTC)
❤️I will be waiting for you❤️
⚡️Guys, I have made the new Bitcoin analysis update. Click here to read about my trading plan.
Читать полностью…