Bitcoin's recent surge above $46,000 has traders buzzing. But is it the start of a new leg higher, or just a head fake before another dip?
Bullish Outlook:
- Breakout confirmation: BTC's clean break above 46K resistance suggests renewed bullish momentum.
- Technical tailwinds: MACD crossing bullish, RSI still in healthy range.
- Long entry: Look for a pullback near 45k as a potential dip-buying opportunity. Target 48K and beyond.
Bearish Whispers:
- Overbought territory?: RSI approaching 70, indicating potential for a correction.
- Global risk sentiment: Weakening risk appetite could drag Bitcoin down.
- Short setup?: Watch for a rejection around 47k to enter a short trade, targeting 44k or lower.
Uncertain Path:
- Macro factors: Keep an eye on US Fed policy and global economic developments for potential catalysts.
- Volume confirmation: Strong volume on breakouts is needed for bullish confirmation.
Bonus:
- Bitcoin's upcoming halving event in 2024 could be a long-term bullish catalyst.
Disclaimer: This is not financial advice. Please do your own research and analysis before making any trading decisions.
Bullish Outlook:
- Breakout confirmation: BTC's clean break above 46K resistance suggests renewed bullish momentum.
- Technical tailwinds: MACD crossing bullish, RSI still in healthy range.
- Long entry: Look for a pullback near 45k as a potential dip-buying opportunity. Target 48K and beyond.
Bearish Whispers:
- Overbought territory?: RSI approaching 70, indicating potential for a correction.
- Global risk sentiment: Weakening risk appetite could drag Bitcoin down.
- Short setup?: Watch for a rejection around 47k to enter a short trade, targeting 44k or lower.
Uncertain Path:
- Macro factors: Keep an eye on US Fed policy and global economic developments for potential catalysts.
- Volume confirmation: Strong volume on breakouts is needed for bullish confirmation.
Bonus:
- Bitcoin's upcoming halving event in 2024 could be a long-term bullish catalyst.
Disclaimer: This is not financial advice. Please do your own research and analysis before making any trading decisions.
Uwaga
https: //s3.tradingview.com/snapshots/8/8roVGtj2.pngUwaga
Still Ranging, price is very close to our trigger, respecting the mid trend line.SHORT Partials at BE, need volume and buying pressure to enter long.
https: //s3.tradingview.com/snapshots/w/wp37GB77.png
Uwaga
LONG Triggered. https ://s3.tradingview.com/snapshots/y/YA489o6B.png
Transakcja zamknięta: osiągnięto wyznaczony cel
As per yesterday's Mind , our Partial SHORT hit the Break even Level. The LONG was triggered and we were able to take a RR 5.63I see a retest to add in more but also see a structure break on LTF, I will watch further.
https: //s3.tradingview.com/snapshots/g/gD5175Ov.png
Uwaga
Bulls Grab Control, Lower Timeframe Shorts Linger. Here's a clearer breakdown of your market observations:Higher Timeframe:
- Bullish Momentum: The 4-hour bearish range break with a successful retest signals a shift in dominance towards the bulls.
- Price Above 50% Level: Reinforcing the bullish bias, price currently sits comfortably above the midpoint of the range.
- Support Search: Look for potential support levels within this bullish range for potential long entry points.
Lower Timeframe:
- Shorting Opportunity: The 15-minute timeframe still offers room for shorting within the recently broken bearish range.
Exercise Caution: Shorting against the larger bullish bias on the 4-hour timeframe introduces additional risk. Consider smaller position sizes and tight stop-losses.
Overall:
- The trend on the 4-hour timeframe favors a bullish approach, while the 15-minute timeframe presents a temporary shorting opportunity.
- Manage your risk accordingly by aligning your trade size and stop-loss orders with the timeframe you're focusing on.
https: //s3.tradingview.com/snapshots/7/7JxHKpqJ.png
Zlecenie aktywne
Taking a little risk there > BUY Triggered.https ://s3.tradingview.com/snapshots/d/dyZ4wqcl.png
Uwaga
Break even activated with trailing SL.https ://s3.tradingview.com/snapshots/u/uqrNHftr.png
Uwaga
+230 P, We need a retest to confirm the break of the structure on the LTFhttps: //s3.tradingview.com/snapshots/d/dUNWDkz8.png
Transakcja zamknięta: osiągnięto wyznaczony cel
+320 P, Taking partials 90%, trailing the rest. https: //s3.tradingview.com/snapshots/6/6RDzeXTZ.png
Zlecenie aktywne
Following with yesterday's trade. Damn that's a slaughter!https: //s3.tradingview.com/snapshots/j/jE5j49Wr.png
Transakcja zamknięta: osiągnięto wyznaczony cel
Taking Partials at +1400 P and letting the rest trail. https ://s3.tradingview.com/snapshots/4/4012sHNy.png
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.