Bitcoinanalysis
Bitcoin Crash by Ascending Broadening Wedge Pattern⏰(1-Hour)⏰✅Bitcoin crashed, as I expected in previous posts.
💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing its five downtrend waves.
🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move towards the 🟡Price Reversal Zone(PRZ)🟡 after breaking the support line .
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🌐➕ Positive News ➕🌐:
Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M.
🌐➖ Negative News ➖🌐:
Bitcoin Network Experiencing Something Yet Unseen.
Binance Prepares to Delist Stablecoins Due to MiCA Rules.
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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BTC Multiple Sell Signals Showing Possible Flood To 23.8KBitcoin sell signals are getting more and more without showing any sign of recovery to the upside.With VIX going up today could be a volatile day for NY market thus BTC could get volatile as well.
SPX made a gap yesterday and went lower.we could see the same thing today if the bearish momentum is strong
Thanks for all the support
🚨Bitcoin Falls by Ending Diagonal Pattern🚨✅Bitcoin has been responding well to my 🟡 Price Reversal Zone(PRZ) 🟡 for the past few days.
🌊According to the theory of Elliott waves , Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y .
🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line .
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🌐➕ Positive News ➕🌐:
Crypto Asset Market Cap Should Explode by ‘5 or 10x’ During Next Bull Market, Says Macro Investor Raoul Pal.
Grayscale CEO Michael Sonnenshein Says US Has Chance To ‘Assert Its Dominance’ With Crypto Regulation.
Grayscale Submits Application for New Ethereum Futures ETF.
🌐➖ Negative News ➖🌐:
Dormant Bitcoin Address Holding $56.3M Springs to Life After Nearly 6 Years.
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin Crash from 🟡Price Reversal Zone(PRZ)🟡⏰(1-Hour)⏰🚶♂️Bitcoin is moving in the 🟡 Price Reversal Zone(PRZ) 🟡 and near the Resistance line and 50-SMA(Daily) .
🌊According to Elliott Wave Theory , Bitcoin seems to be completing a Double Three Correction(WXY) .
🔔I expect Microwave C of Wave Y to complete at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to fall to at least the Support Line .
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🌐➕ Positive News ➕🌐:
No Change In Rates Expected At Fed’s September Meeting.
Record surge as Bitcoin micro investors reach all-time high.
‘Rich Dad’ R. Kiyosaki slams fiat money ‘FAKE’, says ‘crypto is the future’.
Bitcoin (BTC) Surpasses Visa Transaction Volume.
🌐➖ Negative News ➖🌐:
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing.
DeFi exchange volume down 15% on a monthly basis amid UNI, CRV price crash – VanEck
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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🔴 BITCOIN | There Will Be Blood September is the worst month in history of bitcoin, its a month that all Bears order Lambo!
While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest.
The BTC bullish momentum moving averages may act as resistance, It is no secret that Bitcoin has underperformed this month even by August standards, which have rarely given bulls anything to celebrate. volume is super low means more trader stopped trading and waiting for more confirmation.
BTC is down 11% this month, and with the weekly close around the corner, anticipation is building among market observers. August 2023 is already vying with last year to become Bitcoin’s worst August since 2015. BTC price shed 13.9% in August 2022, a move which marked the beginning of half a year of pain.
positive news events, such as the future green-lighting of the United States’ first Bitcoin spot price exchange traded fund , had not yet entered market consciousness.
This week, despite containing the Fed’s preferred inflation gauge in the form of PCE, could well end up no different.PCE data is due on Aug. 31, hours before the Bitcoin monthly close, with Sep. 1 offering nonfarm payrolls and unemployment data
The Bitcoin hash rate just hit 400 th/s for the first time ever which is mindblowing, considering the energy issues in Texas and the cost of electricity surging worldwide, means more whales prepare for new bull market
The price of BTC is $25,965 today with a 24hour trading volume of 7 billion dollar. This represents a -0.6% price decline in the last 24hours and a -11% price decline in the past 14days
most indicators all bearish and the next targets are 25,500$, 25k and 24,500$
whats your plan for September bloodbath ?
🚨Bitcoin Fall after the failure of the Uptrend line🚨⏰(1-Hour)⏰✅Bitcoin managed to break the Uptrend line a few minutes ago.
🌊According to the theory of Elliott waves , Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴 Resistance zone($27,000-$26,350) 🔴 and near the 🟣Yearly Pivot Point($26,719))🟣 .
🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯 Target 🎯 I specified in the chart.
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🌐➕ Positive News ➕🌐:
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients.
North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
🌐➖ Negative News ➖🌐:
Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins.
Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex.
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing
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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 be glad to see your ideas in this post.
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Bitcoin Weekly Chart: Breakout or Drop Ahead? 📊ey there fellow crypto enthusiasts! Let's dive deep into the world of Bitcoin and dissect its weekly chart. Remember that thrilling moment back in November 2021 when Bitcoin reached its all-time high at a staggering $68,997.75? 🚀 Oh, what a time it was! But hold on to your hats because what followed was a rollercoaster ride that left many of us scratching our heads.
The charts turned red with a series of ominous red candlesticks, signaling a sharp decline that took Bitcoin down to $33,068.42. 😱 It was like hitting a brick wall, and the market sentiment quickly shifted as we witnessed a trend reversal.
Things got interesting from there. We saw a Stop Loss Identifier Bounce, giving us a glimmer of hope for support. Bitcoin then tried to retest resistance, but it got slapped with rejection, forming a doji candlestick and yet another Sell Signal. The downtrend persisted, hitting a low of $15,473.18 in the support zone, while resistance trend lines were revisited after their initial breakout.
But here's where it gets even more exciting. Another Stop Loss Identifier Bounce coincided with what could be a potential support zone and the first signs of a trend reversal. 🔄 This triggered a rally towards the next resistance zone, but once again, Bitcoin faced rejection. The resistance trend line was revisited a second time, and wouldn't you know it, we saw another Sell Signal and hints of a trend reversal. 🛑
Now, the big question on everyone's minds is whether this resistance trend line retest will result in a breakout 🚀 or if Bitcoin is gearing up for a double bottom or even lower levels. 📉 The crypto world is watching with bated breath as we navigate these uncertain waters. Stay tuned, folks! 📊💰
🚨Bitcoin ready to Fall again 🗺️(15-Min)🚨🚶♂️Bitcoin has been moving in an Ascending Channel for several hours.
🌊According to Elliott wave theory , Bitcoin seems to be forming a Double Three Correction (WXY) .
🔔I expect Bitcoin to fall at least to the Target I specified in the chart after Breaking the ascending channel.
❗️ Note ❗️: If Bitcoin breaks the ascending channel, the scenario will probably change
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🌐➕ Positive News ➕🌐:
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
🌐➖ Negative News ➖🌐:
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
Coinex confirmed its platform was hacked.
Coinbase to Face ‘Reality Check’ as Retail FOMO Is Fading, Mizuho Says.
Asia Remains Strong as Global Crypto Adoption Declines
Binance.US cuts third of staff as CEO Brian Shroder leaves.
US CPI inflation increases to 3.7% in August vs. 3.6% anticipated.
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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 be glad to see your ideas in this post.
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Bitcoin Analyze🗺️(15-Min)✅Bitcoin managed to break the Resistance line hours ago.
🌊With Bitcoin breaking the Resistance line , we can confirm the end of the main wave A .
🔔I expect Bitcoin to reach the 🟡 Price Reversal Zone(PRZ) 🟡 in the coming hours and then start to fall until the resistance line (actually a pullback ).
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🌐➕ Positive News ➕🌐:
Tom Emmer Sponsoring Amendment To Prevent Gary Gensler From ‘Weaponizing the SEC’ Against Digital Assets.
ANTHONY POMPLIANO SAYS BITCOIN BULL RUN IS COMING.
Bitcoin Adoption: Addresses Saw 2nd-Highest Rise In History This Weekend.
Ex-PayPal, Facebook exec David Marcus says Lightning can turn Bitcoin into a ‘real global payment network.’
Long-term Bitcoin holders continue to eclipse the exchange supply.
Justin Sun plans to buy the tokens and assets of the bankrupt FTX exchange, which it can sell from September 13, to reduce the selling pressure on the market.
🌐➖ Negative News ➖🌐:
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
Coinbase To Put An End Operations in India.
Strong Dollar and Regulatory Woes Causing Negative Sentiment Among Institutions.
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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 be glad to see your ideas in this post.
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🚨☠️Dead Cross☠️ Happened🚨💡First, I must say that the most important thing that happened a few minutes ago was the ☠️ Dead Cross Signal ☠️.
📚☠️ Dead Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day , crosses below its long-term moving average, usually the 200-day .
📚🥇 Golden Cross Signal 🥇: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
🌊Bitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
🌊Currently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
🌊After breaking the Uptrend line , we confirmed the end of the Main Wave 5 .
🌊Bitcoin is currently completing the first corrective wave, Wave A , in the 🟢 Heavy Support zone($25,280-$23,900) 🟢.
🔔I expect Bitcoin to start rising again from the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and get back near the upper line of the descending channel and then fall again and break the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and fall to the🟡 Price Reversal Zone(PRZ) 🟡 and fill the 🔵 CME Gap 🔵. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5) ).
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin is Ready to 🚀Pump🚀 Again⏰(4-Hour)⏰🤝Maybe everyone is watching Bitcoin, but I hope you are always in profit and enjoying your profit.
🚀Today, I want to share a bullish scenario that is not far away.
🌊For me, the best tool for determining the Bitcoin roadmap is the Elliott Wave Theory , as my old followers know.
💡Bitcoin is currently seriously attacking the 🟢Heavy Support zone($25,280-$23,900)🟢 for the second time, in my opinion. Generally, it takes more than two tests of a Heavy Support or Resistance zone to break. So, I expect Bitcoin to Fail the second time around.
🌊In terms of Elliott waves , Bitcoin seems to be moving in microwave 5 of the main wave 5 .
🔔I expect the main wave 5 to finish in 🟡 Price Reversal Zone(PRZ) 🟡, and Bitcoin will be pumped at least UP to the Resistance line (of course, after the Downtrend line breaks).
⚠️ Note : If BTC touches $23,000 Scenario will Change.
⚠️The negative thing that can worry us is that if Bitcoin issues the ☠️Dead Cross Signal☠️ , we should see the loss of the 🟢 Heavy Support zone($25,280-$23,900) 🟢.
📚☠️ Dead Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day , crosses below its long-term moving average, usually the 200-day .
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.
Another way to view my shorter-term downside idea back to $23kI pulled up an old chart of mine with these trend lines and price has done a good job staying within them.
This leads me to believe that we'll still get the move down that I've been expecting back into the $22k-23k region. As you can clearly see from the chart, the area hasn't been tested as support.
I think that'll need to happen prior to seeing our final move up to the $37k-44k region.
My guess is this move will play out sometime between Thursday the 20th and Friday August 7th.
Let's see if it happens.
Bitcoin ⚔️Attacks⚔️ the Support line again⏰(1-Hour)⏰🌟Bitcoin managed to form a Shooting Star Candlestick Pattern in 🟡 Price Reversal Zone(PRZ) 🟡.
🌊Regarding Elliott waves , it looks like Bitcoin is completing the Double Three Correction waves (WXY), although I have another wave count for wave 4, which again points to Bitcoin falling .
🔔I expect Bitcoin to Fall near the Support line .
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🌐➕ Positive News ➕🌐:
This Analyst Believes a Spot Bitcoin ETF Could Push Prices Over $42,000 Within 100 Days
Latest Comments from Coinbase CEO: “SEC Chairman May Change in 2024, We Are Developing New System Instead of Stablecoins”.
🌐➖ Negative News ➖🌐:
Crypto Liquidity Becoming More Concentrated Within Top Exchanges, Says Analytics Firm Kaiko.
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
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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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is Ready to ⚔️Attack⚔️ the Support line⏰(15_Min)⏰✅As I expected, Bitcoin is completing the waves that I shared with you in the last few days. (I suggest you follow the previous posts to get a better understanding of the Bitcoin roadmap .).
↘️Bitcoin came back below the Resistance line and attacked the 🟢 Support zone($25,840_$25,600) 🟢.
🌊In terms of Elliott wave theory , Bitcoin is completing its 5-wave downtrend;it seems to be completing wave 4 in 🟡 Price Reversal Zone(PRZ) 🟡.
🔔I expect Bitcoin will attack the Support line .
📚Of course, it should be noted that wave 4 may continue on Saturdays and Sundays , the reason being that the Volume Trading is generally low on these days.
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🌐➕ Positive News ➕🌐:
Nearly Half Of Institutions Are Holding Digital Assets For Clients: Report.
JPMorgan moves into deposit tokens for settlements: Report.
🌐➖ Negative News ➖🌐:
Bitcoin liquidates $23M in shorts as BTC price tags new September high.
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep.
IMF Releases New Paper to Address Crypto’s Risks to Financial Stability.
11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex.
Bitcoin worth $128 million sent to exchanges.
FED Statement on Stablecoins!
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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 be glad to 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 Fall Again🚨⏰(1-Hour)⏰✅As I expected in the post a few hours ago, Bitcoin was able to break the Resistance line(1) and reach the 🟡 Price Reversal Zone(PRZ) 🟡.👇
🌊According to the theory of Elliott waves , Bitcoin managed to complete the Double Three Correction(WXY) waves at the 🟡 Price Reversal Zone(PRZ) 🟡 and the Resistance line(2) .
💡Also, we can see a Regular Divergence(RD-) between Volume and Price between two consecutive Peaks .
🔔I expect Bitcoin to come back below the Resistance line(1) in the coming hours, and this time it is likely to break the 🟢 Support zone($25,840_$25,600) 🟢.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.