I've been working as a chart analyst at TradingView for 10 years. You can check "Bitcoin" entry prices, target prices, stop-loss and trading paths in real time daily on a 30-minute candle chart. You'll be the experience a new world. Thank you.
*My analysis is optimized for TradingView. If you press the replay button, you can check real-time movements.
-Neutral strategy-
I have formulated a strategy based on today's Nasdaq support zones.
*Scenario following the light blue arrow path: Short-to-long position switching / Neutral (hedged) strategy
1) Upper zone: Short position entry at $84,334 / Stop-loss if the pink resistance line is broken.
2) Switch to long position at $83,691.7 / Stop-loss if the price drops below the purple support line.
3) Top zone ($85.5K): Long position 1st target -> Subsequent targets in the order of "Good" and "Great." - If the strategy succeeds, the $85.2K level (indicated by the light blue arrow) serves as a re-entry point for long positions.
4) If the price drops directly without touching the upper short entry zone ($84.3K): Wait to go long at the lower "Zone 1."
- A crucial point here is: If the candle falls below the purple support line in Zone 1, the monthly candle's low will be breached. This could lead to a prolonged period of sideways movement and a failure to achieve a vertical rally this month; therefore, maintaining the low without breaking it is of utmost importance.
If the price breaks below the purple support line, the downside is open toward the "Bottom" zone—extending down to "Zone 2."
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
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[OCTOBER 6 Bitcoin chart analysis] BTCUSD 30Min Chart *My analysis is optimized for TradingView. If you press the replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
The current price level coincides with a MACD "death cross" on the 6-hour and 12-hour charts, meaning the market could see either an upward move or a correction. I have decided to disregard the warning signal and formulate a long position strategy.
*Scenario following the red arrow path Long position strategy
1) Entry zone: $85,710.9 / Stop-loss: If the price breaks below the purple support line
2) Targets: 1st target at $86,900.9 -> followed by $87.8K and the "Top" zone If the strategy succeeds, the $86.3K level can be used for re-entering a long position. I have also provided a simulation based on the pink arrow path, depending on tomorrow's movements.
If the price breaks below the purple support line: The downside is open all the way to the "Bottom" level.
If the price drops to this zone: Please be aware that the MACD death cross on the 6-hour and 12-hour charts will be in effect.
Please treat this analysis merely as a reference for your own trading.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day. - Check the results using the replay button on TradingView. #BTC Price Analysis# #BTC100K #Crypto# #Altcoin Season# $BTC $ETH $USDT $XRP
*My analysis is optimized for TradingView. If you press the replay button, you can check real-time movements.
-Long position strategy-
At the bottom left, indicated by a purple finger, I have maintained the strategy for the long position entered on the 28th at $82,571.1.
*Long position strategy regarding the touch of the area marked by purple finger 1 at the top:
1) After confirming a touch on the area marked by purple finger 1 at the top, look for a long entry at the level marked by the red finger ($83,885.7) / Stop-loss if the green support line is breached.
2) Top target area: $85,728.2 (1st target) -> Targets follow the sequence of "Good" then "Great." If the strategy succeeds, the 84.9K level serves as a zone for re-entering a long position.
3) If the price drops without touching the area marked by purple finger 1, wait for a long entry at the bottom area marked 1 / Stop-loss if the green support line is breached. The same stop-loss level applies to those currently holding the 82.5K long position.
- Although the probability is very low before the new monthly candle forms tomorrow, if the "Great" target is touched, a strong upward trend could continue. This would increase the likelihood of hitting a new all-time high by the end of the year.
- If the price holds without breaking below the purple parallel lines, there is a possibility of a vertical or strong upward surge.
- If the green support line is breached, be aware that the price could drop toward the "Bottom" area—potentially down to the 3rd zone.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day. - Check the results using the replay button on TradingView.
*My analysis is optimized for TradingView. If you press the replay button, you can check real-time movements.
- Neutral strategy-
This is the 30-minute Bitcoin chart. At the bottom left, indicated by a purple finger, I have maintained the strategy for the long position entered on the 28th at $82,571.1.
*If the price follows the path of the light blue finger: A two-way neutral strategy
1) Top zone (light blue finger): Short position entry at $84,728.5 / Stop-loss if the orange resistance line is broken.
2) Re-entry zone for long position at $84,095.2 / Stop-loss if the purple support line is broken.
3) Final target zone (post-tomorrow): $86,416 / Watch for a confirmed MACD "death cross" on the daily chart.
4) If the purple support line is broken, there is a possibility of sideways movement or further decline. For those currently holding positions above $82.5K, it is advisable to set a stop-loss based on a break of the final green support line.
If the green support line is broken, the price could drop to the "Bottom" zone marked at the lower end (down to Zone 1), so please exercise caution.
As there is currently a strong correlation ("forced coupling") with the Nasdaq, please keep a close eye on Nasdaq movements.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day. - Check the results using the replay button on TradingView.
*My analysis is optimized for TradingView. If you press the replay button, you can check real-time movements.
-Neutral two-way strategy-
Currently, the Nasdaq is showing a MACD "death cross" on the 12-hour chart, while Bitcoin is undergoing a MACD death cross on the daily chart. Given that we are at a point where a correction is highly likely, I have prepared a neutral, two-way strategy.
*Strategy involving a switch from short to long, or waiting for a long position, based on touching the "purple finger" zone (Zone 1) at the top:
1) Upon touching the "purple finger" zone (Zone 1) at the top: Entry point for a short position; stop-loss if the pink resistance line is broken.
2) Switch to a long position at the "sky-blue finger" level ($82,571.1) at the bottom; stop-loss if the purple support line is breached. -> Final target price set for the "Top" zone from tomorrow onwards.
- If the price breaks below the purple support line immediately: The final long position entry point is at "Zone 2" (the very bottom). If the price touches the "Bottom" zone and closes there: Further downward movement could follow from tomorrow onwards.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day. - Check the results using the replay button on TradingView.
*My analysis is optimized for TradingView. If you press the replay button, you can check real-time movements.
-Long position strategy-
This is the 30-minute Bitcoin chart. While a correction is likely for the Nasdaq, Bitcoin appears highly likely to move sideways at this level. I have disregarded the MACD "death cross" on the 6-hour chart. Also, I am interpreting the monthly chart as not having touched the middle line of the Bollinger Bands.
*If the price follows the path indicated by the red arrow: Long position strategy
1) Long entry zone: $85,871.9 / Stop-loss level: If the purple support line is breached
2) Long position 1st target: $87,876.6 -> 2nd target: Top zone The $87,114.4 level is a zone to consider for re-entering a long position.
Even if the price drops after a period of sideways movement, the bullish pattern remains intact, so the area down to the "Bottom" level is considered a safe zone.
If the purple support line is breached, please be aware that the price could drop to the "Bottom" level marked below, then to level 1, and potentially as low as $83,699.9 by the weekend.
South Korea observes the Chuseok (Mid-Autumn Festival) holiday from tomorrow until the 27th. I’ll take a good rest over the weekend and return next Monday.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day. - Check the results using the replay button on TradingView.