Bitcoin Dumped To Our Target.A Retest And Pump ?BTC hit our 4H target (double bottom) now its consolidating around 35.4. we could see another retest at the lows the go higher around 38K or just push it from here.
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Bitcoinanalysis
Bitcoin Idea - BTCUSDT and BTCUSDHey, fellow traders,
Let's delve into the intricacies of the Bitcoin price chart, dissecting the recent market movements with a keen eye on technical analysis. Here's a comprehensive overview:
1. Preceding the ascent to the $40,000 threshold, the market witnessed a corrective phase, experiencing a pull-back to the $34,000 level.
2. Post the retreat to $34,000, there exists a conceivable scenario where the price undergoes a neutral fluctuation within the $33,500 to $34,500 area, persisting for a duration of either 24 or 48 hours. This is attributed to two key factors:
A. Fundamentally, the market's trajectory is influenced by multiple factors, from US news and developments these days to Black Friday 2023.
B. In a speculative sense, this could serve as a respite for bullish traders, paving the way for a robust upward movement, aiming to breach the resistance at $38,000 and achieve a historic milestone at the psychologically significant round number of $40,000.
In the realm of technical analysis, terms such as " pull-back" and " neutral fluctuation " are indicative of corrective phases and consolidation, respectively.
Traders should remain attuned to these dynamics, incorporating them into their strategy to navigate the evolving market conditions.
Stay vigilant and trade wisely .
Arash
COINBASE:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSDT
🚨 Heads up!
what you're about to read is my take on the market. It's a mix of my own experiences, some real trades, and general observations based on what's out there in the public domain and historical data.
The disclaimer: I'm no financial guru, so whatever moves you make in the trading world are totally on you, my friends.
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Bitcoin Hit Our Fib Level And Continues To ConsolidateBTC yesteday hit our fib level where we mentioned (0.618) and now its slowly pulling back up for more consolidation.possible retest points explained.
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Bitcoin Weekly Overview With Possible 35K Touch!Bitcoin went and grabbed the liquidity of a weekly candle (at its top) and now its consolidating .could see 1 more liquidity grab to the upper side then starts to go to our first target 35.
also discussed about Continuation of this bullish move in the video.
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Bitcoin Will Continue Consolidating And LiquidatingBitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
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Bitcoin bull run to $170,000 or to $1,000,000 imminent?Highlights:
Two paths, the least bullish path to $170k and a more bullish path to $1M
Next major pivot is still on June-Aug 2025.
Next #BTC targets are $170,000 and $1,000,000
1. path to $170k
- A flat with a corrective wave going up to $170,000 and a sharp correction afterwards before another major bull run in 2025.
2. path to $1M
- A 5-wave up to $1M
3. TIME ANALYSIS:
The next major time zones are still on 2025, which means the ongoing upward movement may lust until then. I used fib time zone from the base of Dec 2018 to the highs of June 2019 as the first major fib time zone. The next fib time zone is from the base of March 2020 to the highs of April 2021. Just see the accuracy of the time zone below.
4. The fibonacci levels used are created by a fib retracement on the very first wave 1 to wave 2
Bitcoin Stochastic Breakout for Macro Bull towards $40kBitcoin is looking strong here, we are almost about to end this correction with bitcoin reclaiming the lost momentum on stochastic. If we breakout of stochastic this will lead to major squeeze, a trendline breakout on price action will take us back to $40k.
#bitcoin #btc
Bitcoin 28000 in August. And when we find the bottom? BINANCE:BTCUSDT
The problem with technical analysis - we have a so much indicators and technics which showed us different numbers.
On candles chart youll see another numbers, with lines totally different, and also on different timeframes either will show one more side of chart, so we dont know which one is correct. BUT
Daily timeframe chart on BTC in Line chart look like this now.
Possible Targets
➡️Downtrend line with 2 perfect touches, waiting third touch, most likely with rejection again around 28000
➡️Between 28000 - 32000 now very strong sellers zone, which I dont think we break in August.
➡️ After test 28000-30000K we can slowly going down but over downtrend line to buyers zone again 19000 by end of September/October
➡️19100 Previews ATH 2017 and around 13100 in 2018 by line chart so I think we will hold the line and dont break this levels
➡️ The crowd is waiting 10-5K the same like Crowd waited 100K - huge trap!
➡️ My most negative scenario is around 15300 in November - test global yearly support line so everyone open short and waiting 10K sure
➡️ After October Im expecting sideways move and total disbelieve on market, so in November we slowly start new cycle.
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BTCUSDT: Market about to experience reversalBTC has been on an uptrend for a while now. However, the main trend is bearish. Market retracing back to a support area which has now turned resistance on a monthly chart. For entry, I'll be using a daily chart to position myself in for the sell.
Expecting price to drop down to point of interest, then, I can see a push up back to $61k
This is a monthly chart
Is This It?We have been bullish on Bitcoin for quite some time, as my previous posts can witness.
Looking for a potential upside resumption in place as we could now expect a series of wave threes and fours.
As always feel free to let me know in the comments what your thoughts on BTC are, if you enjoy the content, please leave a like.
Trade safe!
₿itcoin will go ✈️UP✈️ by Falling Wedge Pattern⏰(15_Min)⚠️Yesterday, after the news of the approval of the Bitcoin ETF was confirmed to be Fake , Bitcoin fell again after breaking the🔴 Resistance zone($28,450-$28,000 )🔴.
🔄Currently, the 🔴Resistance zone($28,450-$28,000)🔴 has become a 🟢Support zone($28,450-$28,000)🟢 in my analysis.
🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to rally to at least the ⬆️ Upper ⬆️🟡Price Reversal Zones(PRZ)🟡 after entering the ⬇️ Lower ⬇️ 🟡Price Reversal Zones(PRZ)🟡 and reacting to the Pitchfork and Fib channel lines .
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🌐➕ Positive News ➕🌐:
FTX customers could get $9 B shortfall claim payout by mid-2024.
The number of wallets holding between 100 and 1,000 Bitcoins has reached an all-time high this year.
Cathie Wood Says 'Hopes Are Rising' For Bitcoin ETF Approval By SEC
🌐➖ Negative News ➖🌐:
US Government Holds $5 B in Bitcoin: WSJ.
Bitcoin (BTC) Collapses 8% as BlackRock Denies ETF Approval Rumor.
Binance Will Stop Accepting New User Registrations in the UK Starting Today.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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