alfi77111

in Daily time frame price capped between 3268 - 3440 horizontal channel. If price breaks out from upside , it can raise to 3600 $ at first place. If price breaks out from bottom and starts dropping , there is a strong demand area in 2500 - 2700 zone. ( fundamentally , it can drop this much if news will be good )

I believe there is a good demand area in 98,000 - 102,000 in long term. But this is a question:Can bitcoin drop to 100 K ?

There are two possibilities for bitcoin . First is (118,000 - 119,400) area which is in it right now. If price breaks this zone next step would be (115,800 - 117,200). The reason that I have little doubt about the first area is that price has been reached near it once and had a re act. So it has less chance for another rise.First Target has touched (risk to reward : 1-1) Next target would be 121,700 That was a nice demand zone...!Second target touched perfectly. Next stop would be 123,000 $All Targets Done...

Price capped in a wedge in Daily time frame. There was a fake break from the bottom of this wedge last week and sharply got back to the top of it! Now : break and confirm above 120 K in Daily would make the market BULLISH break and confirm under 116.5 K in Daily would make the market BEARISH. other wise market is still in a range mode...As I said in this idea , right now because of last day candle close under 116,500 $ , it seems that for now on we should have DOWNTREND on bitcoin chart.

In 4H time frame there is a good Demand area in 3309.5-3351 price. Ofcourse it is a thick one and S/L would be too far. So I prefer to enter the Buy position in the middle it .( some price around 3330 if drops )

After previous signal which have given us a good profit (more than 1:10 Risk to Reward), There is another chance for one more Buy position in specified are (117,500-118,200). Attention : In my chart areas Stop Loss would be under the area (Over the area in Sell positions) and first Take Profit sets for at least R:R = 1:1 Let's see what will happen...First Target (risk free):118,800 $it has reached to risk free zone after activation and then S/L activated

There are 2 Demand areas which have specified on the chart, Both could be good for some scalps. As long as price keeps 116.400 area UpTrend is on the card.As we can see , price re acted perfectly and fast from the first Demand area. Risk to Reward: 1to 4 till now.....Risk to Reward 1 : 7 till now

There is a Downtrend in Daily TimeFrame. I've specified a Supply are in Blue color. I expect that price would have a good reaction there. I will update this idea when price moves there.

Simple and clear ; There is a good supply zone . Should be a rejection as shown on chart...

There is Down Trend in Daily and 4H Time Frames. I have specified a Supply area on the chart. Price should be rejected this zone. As soon as price gets near there will be ready for a Signal...And... Thanks to the area , Price re acted well and reached to the first target. Lets see if it can break the bottom or not..