🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line .
🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves .
✅Bitcoin broke the Uptrend line .
🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoinanalysis
Bitcoin- Consolidation with bearish implicationsAfter the recent dip to the 38k zone two weeks ago, BITSTAMP:BTCUSD began to rise and reached the 44k resistance level.
However, the upward movement appears to be corrective in nature, and the consolidation over the past week suggests bearish implications, raising the possibility of a lower high forming at 44k.
The short-term support is situated around the 42k zone, and a break below this support could trigger a new downward movement. As long as the resistance at 44,000-44,500 remains intact, my focus remains on a drop towards the 36k zone.
BTC - Bitcoin Falling to $32,000! Or Will It Fall Lower?Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long?
How do we trade this? 🤔
My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This analysis called for a short to just above the trading range support at $38,350:
That short has come and gone, there is not enough area left to short without placing too much initial risk on the trade. It is still reasonable to short on lower timeframes like the 5m and 15m chart, but not the 4HR and Daily as we're doing here. We should be looking for long entries in the Trading Range zone between $31,800 and $37,500, right at the Daily 200EMA support.
If we find a strong bull signal and confirmation candles following that support area, we should enter at least a 1:2 Risk/Reward Ratio long with a position size near our maximum, as justified by these data points and the macro bull trend. Stop loss should be placed below the Trading Range at $34,300. It's reasonable to take half profits at 1:1 Risk/Reward around $38,900, move the stop loss to your entry price to lock in profits, and then swing the rest of the position to at least $41,200.
💡 Trade Idea 💡
Long Entry: $36,600
🟥 Stop Loss: $34,300
✅ Take Profit #1: $38,900
✅ Take Profit #2: $41,200
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Measured Move completed followed by strong sell signal and confirmation bars
2. Two legs into a pullback with a gap to fill to the Daily 200EMA
3. Look for Support to long in the Trading Range near the Daily 200EMA
4. RSI at 38.00 and below the Moving Average, supports the continued to fall to the Trading Range
5. Once a strong signal and confirmation bull bars close above the Daily 200EMA, it's reasonable to long at 1:2 Risk/Reward
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
🚨Bitcoin is Ready to Fall Again🚨👋Hi, I hope you had a great weekend.
✅ As I expected , Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢 .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($44,700-$41,780) 🔴.
📈Regarding Classic Technical Analysis , it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern .
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the wave 5.
🌊The end of wave 5 can continue to a maximum of around $44,800 .
🔔I expect that Bitcoin will FALL at least to the 🟢 Support zone($40,600-$40,280) 🟢 after the completion of wave 5, after breaking the Support line , and in the next step, it can also fill the 🔵 CME Gap($39,700-$39,850) 🔵.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN FED Meeting Aftermath 01/02/24'Hi again...
As I ment in into, I think this FED meeting was kinda good lead what to expect next, especially because J.Powell insight, since he run the show.
To understand better my Idea whats going on, I try to break Weekly time frame into Daily chart posted under..
_________________________________________________________________________________
So, in my understanding all what every Asset does, is Run between certain Liquidity targets and in right Time it displace. This process is repeated endleslly..
When we Check our bigger time frames Week+ , Its clearly to see that we extended to Highier prices due to many factors and if History is any indication we always should expect Run BOTH sides of liquidity before next displacement...
Meaning, since we go too much extended on Buyside in 2023, there is left huge amount Sellside liquidity which will be aimed at some Time point, it is just not 100% clear if its gonna unfold NOW!..
________________________________________________________________________________
So when we move down, from Weekly to Daily chart, its easy to SEE, HOW we Runned between these TWO RED lines for a LOT of time.. and occasionally it moved above/bellow to take that liquidity...
NOW - Most imporstant for ME, is YESTERDAY reaction, where we rallied close to 44k as expected possible scenario, and then we REVERSED, to lower 42k where we at RIGHT NOW.
SO, as LONG as Price not RUN above YESTERDAY highs, and keep being there, I WOULD EXPECT WITH HIGH PROBABILITY that next Price liquidity range is BETWEEN GREEN lines... as soon as we reach this Liquidity, our outlook must be reevaluated once again!
Aswell, since we still in after FED meeting pre-market, I would expect little bounce bellow yesterday highs, before real move lower start unfolding.. So be carefull into JUMPING Short straith away.. rather check Lower (15min/5min) time frame, for picking the Best entry oportunity with sound STOP LOSS in CASE asset decide to run highier...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BITCOIN Weekly Outlook 29/01/24'Hello everyone,
new week, new BITCOIN update. Hope everyone doing great!
____________________________________________________
This week should be lot of FUN, due to FED meeting at Wednesday,
Im expecting increase in volatility so I suggest to everyone act accordingly.
So as I ment in Last Update, there was increased chance of retracing back to Highier prices, due to expected News last week.. and we rallied aproximatly where I eyed between 44-42k$.
In fact, we came back to almost exact Price, where I was firstly highly persuaded that we are in Great Odds for Short trade, thats why I suggested to use Trailing Stop Loss, to bag some of profits while we benefit from them. So everyone who did, good job guys.
So, as for RIGHT NOW , I think, we came back to great SHORT area, BUT we need to remember, that there is still potentional of going to Highier prices (44k$ area). We cant forget that! So if you decide to Short market, YOU HAVE TO USE STOP LOSS!!! Especially, when there is most likly volatility spike coming, due to FED meeting mid-week..
So, IF I was opening Short right now, I would check Lower timeframes (15minutes/5min), to found Price where STOP LOSS WILL BE!! Reason behind that is, IF I expect Market to going Lower before Meeting is done, THEN price SHOULD NOT going back highier about price I picked. PRICE I would choose right now is around 42599,99$ .. which is around 1% from where Price is Right Now, and its Representing area around Weekend Highs.. and so IF we expecting Start of Week to going Lower, this Price range SHOULD NOT BE TOUCHED... IF IT IS, there is possibility of going to Highier price ment earlier.. So STOP LOSS protect us from unnecessarly damage and we can adjust with NEW trade in CORRECT time LATER!
So again, BE CAREFULL with opening new trade right now, it can start moving real quick.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
🗺️Bitcoin Roadmap🗺️⏰(1-hour time frame)⏰🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop .
🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves .
💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
🔔I expect Bitcoin to go UP in the coming hours and break the 🔴 Resistance Zone($42,200-$41,780) 🔴 in front of it, and have a minimal increase until the end of wave 4 .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Ready to Increase 🚀➕10%🚀↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ).
✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you.
🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the Expanding Ending Diagonal , and it seems that Bitcoin has already started corrective waves .
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵 CME Gap($40,325-$39,290) 🔵 and then rebounds( ➕10% ) to around $43,500 .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN mid week Update - 24/01/24Hello everyone,
Im back with just quick update to Monday pre-Market idea
__________________________________________________
So, as expected we went lower really close to our Sellside t1.
Price didnt touch our t1 box, but if you trade with Trailing Take Profit, you should be taking some profit-% off the table at this point.
Today and Tommorow, there should be volatility coming so I would be very carefull about Opening NEW trades.
Remember, ITS NOT SHAME TO NOT BE IN TRADE!
Its always better to wait for setup which is favourable FOR YOU!
At this MOMENT, Im observing price on lower time frames to decide if there is highier possibility of REVERSING on Daily time frame... So we possible could run up to 42-44k$ IF news later today favour that move... OR we can not work above smaller time frame Buyside liquidity targets, and we keep going LOWER as we was expecting...
In my opinion, RIGHT NOW, is very hard to make CALL if we go lower/highier TODAY, since we already went LOW enought on weekly basis without any liquidity drivers, so there is good chance for swept on other side. Thats why I suggest to be VERY CAREFULL and if you decide participate before news, you should use tight STOP LOSS for your own good.
I'll make next update when I will be more certain about which way we keep moving further.
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BTC PULLBACK Currently experiencing a 12-month BEARISH Stophunt on BTC. This pullback is apparently due to Greyscale selling its BTC shares
I see we will AT LEAST drop down to 40k, but lower is more than likely necessary for capitulation and a move higher.
I see approx areas of support being 39K,35k,32k,30k,26k
Anything is possible. I personally would love another OPP to accumulate Alts and as much as possible before the BTC halving event.
THANKS FOR YOUR TIME!! FOLLOW AND SHARE FOR MORE!
NOT FINANCIAL ADVICE, JUST MY 2CENTS!
BTC → Bitcoin Blasts Through Resistance Then Falls Down. Short?Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short?
How do we trade this? 🤔
To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend trade: Measured Move Complete, Strong sell signal above key resistance area, RSI below the moving average around 50.00 with room to fall.
I frequently reference the 4HR chart when trading the Daily timeframe. As you can see in the chart below, the 200EMA on the 4HR chart overlaps with the 30EMA on the Daily chart. Using that same point of reference as a key support level, we can look for a close below the 4HR 200EMA to justify our short. That also allows us to get an earlier entry into the position:
Once we get that candle, we can justify a short scalp to the previous trading range/measured move mid-support at a 1:1 Risk/Reward Ratio.
💡 Trade Idea 💡
Short Entry: $42,650
🟥 Stop Loss: $46,950
✅ Take Profit: $38,350
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Measured Move Completed Into Key Resistance Area.
2. Strong Sell Signal Above Measured Move Resistance.
3. Strong Sell bar falling to 30EMA
4. Wait for Daily Candle to Close below 30EMA.
5. RSI at 50.00 and below Moving Average.
💰 Trading Tip 💰
There is over a 60% chance of a measured move after the breakout of major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Warning! Bitcoin could correct further; even to 36kThe eagerly anticipated ETF has finally arrived, and as anticipated by many, its approval was followed by a correction. After reaching a peak of $49,000, BITSTAMP:BTCUSD experienced a decline to a low of $41,500 yesterday, marking a 20% correction overall.
The question now arises: is the correction complete?
In my view, Bitcoin could potentially undergo further correction.
From a strictly technical standpoint, BtcUsd continues to exhibit a robust upward trend. However, despite the 41,500 support holding steady over the past month and a half, any surges above $44,000 were consistently met with selling pressure.
The recent ascent beyond $45,000, which was, in fact, a false breakout, contributes to the likelihood of a more extended correction scenario.
In summary, unless the price stabilizes above $45,000, the possibility of additional losses remains high. Sustained selling below the $41,500 zone could potentially lead to a drop to the $36,000 zone.
What is the next move of Bitcoin?Based on our analysis, the red box is a very strong supply and is related to the above timeframes.
We expect to have rejects from this area to the 35K to 36K channel.
This movement may take some time, but we should note that the price receives a lot of sell orders from the red box
We have already predicted the recent Bitcoin pump. Refer to the related analysis section of this analysis below
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin can go UP by Descending Broadening Wedge Pattern🚀✅Bitcoin started to pump after the approval of ETFs by the SEC , but the technical analysis zones are still working, and I showed you all the movements of Bitcoin in the previous post .
🏃♂️Currently, Bitcoin is still moving in the 🔴Heavy Resistance Zone($52,100-$45,800)🔴 and the bottom of the ascending channel , but I expect Bitcoin to make another temporary rally .
🚀It seems that the formation of a Descending Broadening Wedge Pattern can be a sign of the increase of Bitcoin.
🔔I expect Bitcoin to go UP to at least the 🎯 zone 🎯 it indicated on the chart after breaking the upper line of the wedge pattern .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Scenarios for the Future Hours🧐👋Hi, everyone.
🌐Today, I want to explain to you the possible scenarios for Bitcoin; during the last week and the beginning of the new year 2024 , Bitcoin has been affected by the News , and we have seen Pumps and even Dumps , so before the SEC decision In the case of Bitcoin ETFs , it is better to trade a little more carefully . That's why I didn't consider Short or Long labels for this post.
🌐In general, ➕ Positive News ➕ about the approval of ETFs outweighs the ➖ Negative News ➖.
📚This positive news caused the Fear & Greed Index to re-enter the Extreme Greed zone(76) for the first time in 2/5 years . Of course, maybe you are Greedy too😊.
📈We can use technical analysis tools to analyze Bitcoin in the current situation to help us predict the future of Bitcoin.
⚔️Bitcoin is attacking the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 for the second time .
🏃♂️If we look at the Bitcoin chart in the 1-hour time frame , we will find that Bitcoin has been moving in the Ascending Channel(Black) for about 7 days . However, on the daily time frame , Bitcoin is moving in an Ascending channel(Blue) .
💡In terms of divergence, Regular Divergence(RD-) can be seen between successive peaks of Bitcoin, but Bitcoin has already proven that this type of Divergence is definitely NOT the reason for a return , and at least we can understand that soon Bitcoin will enter a correction ( it is likely that Bitcoin will still With these divergences, the price will increase by about 20% .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed one of its impulsive/correction waves above the lines of ascending channels and 🟡 Potential Reversal Zone(PRZ)($48,180-$47,250) 🟡. ⚠️I have two scenarios for the waves that I will share with you after the approval/disapproval of Bitcoin ETFs ⚠️.
💡Before concluding, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) charts.
🔸 Market Cap BTC Dominance% (BTC.D%) :
After the positive news about Bitcoin ETFs , investors started investing more in Bitcoin, causing BTC.D% to go up for days. Currently, BTC.D% is moving in the 🟡 Potential Reversal Zone(PRZ) 🟡and near the Resistance line , and I expect this investor greed to end in the 🟡 Potential Reversal Zone(PRZ) 🟡 or 🔴 Heavy Resistance Zone(60%-%57) 🔴. Then, we will see a decrease in the strength of Bitcoin in the cryptocurrency market. We can see this decrease in the strength of Bitcoin after the final news of the SEC subsides.
💡 Tip : Until the return of BTC.D% is confirmed, it is better to invest less in Altcoins. 👇
🔸 Market Cap USDT Dominance% (USDT.D%) :
USDT.D% is moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢, and it is attacking this zone for the first time, I expect that even if bitcoin ETFs are confirmed, USDT.D% will NOT break the🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line at least for this attack and at least until the 🔴 Resistance zone(6.70%-6.30%) 🔴 starts to increase, because there is a possibility that even after the approval of Bitcoin ETFs, the cryptocurrency market will enter a correction. 👇
🔔As a result, I expect Bitcoin to fall to the Fibonacci levels I marked on my chart in the coming hours ahead of the SEC approval/disapproval of Bitcoin ETFs . If it is confirmed , it will attack the upper lines of the ascending channels and 🟡PRZ🟡, and if it is not confirmed or even postponed in the vote, Bitcoin will lose the 🟢 Support zone($44,800-$44,160) 🟢 and ascending channel(Black) .
❤️In the end, here is some advice for you as a little brother:
🔸TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect.
🔸No analysis is 100%, so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment; check their past, and the truth will be clear(These days they are hot).
🔸I hope we can use TradingView to increase our capital and knowledge.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Good Breakout in BitCoin but two important resistances ahead. Bitcoin has given a breakout this week above trend line resistance but there are 2 important resistances to cross. These 2 resistances are 48061 which rejected further advance of Bitcoin vehemently and 51115. However things took slightly better for Crypto investors compared to last year as liquidity ease may commence with rate cuts happening (By US FED) later this year. (At least we expect that.). 43535 is now a good support for Bitcoin.
I do not Invest in Crypto as of now and do not recommend the same but this message is for analysis purposes only. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
BTC ANALYSIS (4H)Bitcoin has a bearish CH and mBOS after the formation of "SW H", but it is supported by the specified inter change zone. A supportive inside bar has been formed, which has continuously recorded higher Ls and Ls have been respected.
At the top, there are many liquidity pools. It is still an upward trend, especially in the daily time. The green range is a strong support range. If "SW H" is broken, Bitcoin can move towards the red box
We have specified the targets on the picture, when we reach the first target, make it risk free.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
🗺️Bitcoin Roadmap🗺️(15-minute time frame➡️RR>3.00)🏃♂️Bitcoin is moving near the 🔴 Resistance zone($44,800-$44,160) 🔴 and Inside the Ascending Channel .
🌊According to Elliot's wave theory , wave 3 ended near 50_SMA(Daily) , and now we have to wait for the confirmation of the end of wave 4 .
🌊It seems that the structure of wave 4 is the Double Three Correction(WXY) .
🌊With a lower line of ascending channel broken , we can confirm the end of wave 4 .
🔔After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the 🟢 Support zone($40,900-$40,200) 🟢 and complete wave 5 ( wave 5 can even be truncated) .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.