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Bitcoinanalysis

Bitcoin Analyze🗺️(15-Min)Hi everyone👋. 🌐After the SEC announced the delay in the review of the Bitcoin ETFs yesterday, the market started to fall again; maybe this fall is a prelude to September , which has mostly been a bearish month in these years. 🌊According to the theory of Elliott waves , it seems that Bitcoin is going to complete its corrective waves today. 🌊The structure of the first corrective wave was the Leading Diagonal . 🔔I expect the corrective waves to last at least as far as the 🎯 target 🎯 I have marked on the chart. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Dogecoin and Bitcoin Get Boost from Robinhood. Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts. Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018. 🌐➖ Negative News ➖🌐: Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks. SEC delays decisions on bitcoin ETFs from firms including BlackRock and Fidelity. SEC Postpones Verdict on 7 Spot Bitcoin ETF Applications. Bitwise withdraws Bitcoin and Ether Market Cap ETF application. -------------------------------------------------------------------------------- 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.
Long
by pejman_zwin
58
🚀Bitcoin Ready to Rise Again (short-term)🚀💡 After Grayscale Emerges Victorious Against SEC in ETF Case , Bitcoin was able to break the 🔴 Resistance Zone($27,000-$26,350) 🔴. ❓The question here is, will Bitcoin find an upward trend❗️❓ 🌊Let's look at the movements of Bitcoin in terms of Elliott Wave theory . 🌊In my opinion, Bitcoin is still in corrective waves after yesterday's rise, so that it is currently completing microwave 4 of microwave C of the main wave 4 . 🌊The correction structure of wave 4 is a Zigzag correction type(ABC/5-3-5) . 🌊Microwave 4 of microwave C of the main wave 4 can be considered as a pull back to the broken 🔴 Resistance Zone($27,000-$26,350) 🔴. 🔔I expect microwave 4 of microwave C of the main wave 4 to end at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to start rising again (the main wave 4 🎯target🎯 could be near the Resistance Line ). -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: 🔥Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF Case.🔥 Bitcoin (BTC) HODL Metrics at Five-Year Highs. Binance to serve Belgian users via Polish arm. Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer. Coinbase shares jump 14% amid market revelry over Grayscale win. Binance launches Send Cash in Latin America. Elon Musk’s X moves closer to crypto payments with new state license. 🌐➖ Negative News ➖🌐: 16 Bitcoin mining companies have $4.47 billion in losses in a year. Binance considers a full exit from Russia: WSJ -------------------------------------------------------------------------------- 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 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.
Long
by pejman_zwin
75
Where can we Buy Bitcoin for the long term❗️❓👋Hi everyone( Reading time less than 3 minutes⏰ ). ✅As I expected in previous posts, Bitcoin started to decline from above the Descending Channel . 🎯Today, I want to introduce you to the 🟡 Price Zone 🟡 that you can buy in this zone if you are looking to buy Bitcoin for the Long Term . 💡I used some indicators to find the 🟡 Right Price Zone 🟡 to buy Bitcoin. 🥇After we confirm the Major Pivot above the descending channel, we can count on the Fibonacci levels . One of the best Fibonacci levels is 61.8% (Golden level). 📶Before using any indicator, check if this indicator has worked well before. I used the Pivots Fibonacci Triyearly indicator in this analysis, and If you look carefully at the chart, Triyearly Pivot Point has worked well before. 🧷Another thing you should know is that Bitcoin has filled more than 90% of its Gaps so far; Bitcoin seems to fill the🔵 Lower CME Gap 🔵 first. (📚 As trading resumes on CME on Monday, there is a gap between the closing price on Friday and the opening price on Monday, which is effectively named “CME gaps” by the crypto community. Since its launch in 2017, CME Bitcoin futures have been creating gaps on the weekends.📚 ) 🔔As a result, I expect Bitcoin to start rallying from the 🟡 Price Reversal Zone($22,000-$19,500) 🟡 and rise by 🚀140%🚀 at least a month or two after the 2024 Halving . Bitcoin Analyze ( BTCUSDT ), Weekly 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 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.
Long
by pejman_zwin
43
Is BITCOIN hinting at an upward rebound? Long trade #3Hello colleagues! We are continuing our new section of clear trades. Today we'll talk about BTC. In the previous trade , we correctly identified the direction of the market. However, the market did not give us the opportunity to enter a position where we were safe: Today, we will try to catch a short-term trade within the consolidation. Since 15 August, the price of BTC has fallen aggressively by 14%. Since then, BTC has been trading in a narrow range of $25800-26900 . Such a weak reaction from buyers can indicate two things: - The market is very weak and will continue to fall in the short term - Buyers have organised a range to gain positions and the cryptocurrency market will continue to consolidate for some time. Given that the price is now near the lower boundary of consolidation, it is quite logical to try to catch a long trade. Why is the entry point below the liquid range? As you can see on the chart, we believe that the strong liquid zone is in the range of $25800-25880. However, if you open the 15-minute timeframe , you can see an interesting pattern: In addition to the fact that trading volumes are growing near the $25800-25880 range , you can see that BTC's local growth begins only after a false breakout of an important liquid zone. After a false breakout, a retest takes place, and only then does the price of bitcoin head towards the upper boundary of consolidation. Bitcoin is a short-term trade: Given this pattern, we expect to catch a long trade: #BTCUSDT 2h Enter = 25665 Stop = 25276 (- 1.5%) TP = 26921 (+ 4.9%) P/L ratio = 3.23 To be on the safe side, part of the position can be bought at $25665 , and the other part after the rebound and retest of the $25800 range. What do you think of this trade and what is your vision of the bitcoin market? Write about it in the comments!
Long
by P_S_trade
25
Bitcoin Analyze!!!🗺️(1-hour)💡Bitcoin is moving near the upper 🟡 Price Reversal Zone(PRZ) 🟡 and the 100-SMA . 🌊According to the theory of Elliott waves , Bitcoin is completing corrective waves, so it seems that wave B in 🟡 PRZ 🟡 has ended. 🌊A sign of the completion of wave B can be the 🌠Evening Star Candlestick Pattern🌠 in the 🟡 PRZ 🟡. 🔔I expect wave C to finish at one of the lower 🟡 PRZs 🟡. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Exodus Of 30,000 BTC To Cold Wallets Spells Good News For Bitcoin Price. Bitcoin supply on exchanges falls to the lowest level in nearly 6 years. Bitcoin supply on exchanges falls to the lowest level in nearly 6 years. 🌐➖ Negative News ➖🌐: Binance Revamps Zero-Fee Bitcoin Trading, Raising Market Concerns. Binance Suspends P2P Transactions in Russia After Lapse Sanctions Enforcement Scrutiny. -------------------------------------------------------------------------------- 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.
Short
by pejman_zwin
63
Bitcoin is getting Ready to Break the 🟢Support Zone🟢(15Min)💡After coming below the Resistance Line , Bitcoin violated the scenario of re-attacking the 🔴 Resistance Zone($26,980-$26,350) 🔴. 📎Bitcoin has formed a Descending Channel in the last few hours. 🌊In terms of the structure of Elliott waves , Bitcoin is completing its 5 descending waves inside the descending channel so that the 3rd wave was completed in the lower line of the descending channel. 🌊Bitcoin is currently completing wave 4 . 🌊Most likely, wave 4 will be completed in 🟡 Price Reversal Zone(PRZ) 🟡. 🔔I expect wave 5 to be completed below the 🟢 support zone($25,870-$25,720) 🟢. 📚 Educational Tip : When wave is extended, wave 1 and wave 5 tend toward size equality ( 100% ) or 61.8% relation. 📚 Educational Tip : Since the structure of wave 2 was simple ( Zigzag ), we can expect the structure of waves in wave 4 to be Complex or Triangle (time break). -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Whales and Sharks Accumulated $300 Million in BTC Since the Mid-August Crypto Crash. Bitcoin (BTC) Should Hit $135,000 After Halving, Says Pantera Capital. Bitfinex Turkey offers zero-cost deposits via local banking giant. Ripple Emerges Among Top 100 Companies That Care About Employees. 🌐➖ Negative News ➖🌐: Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts. -------------------------------------------------------------------------------- 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.
Short
by pejman_zwin
59
Completing the Pull Back and increasing Bitcoin again🚀(1-hour)✅Bitcoin managed to break the Resistance Line an hour ago (as I expected). Be sure to visit the post below.👇 ↘️Bitcoin is pulling back to the broken Resistance Line . 🌊According to the theory of Elliott waves , we can consider Bitcoin's pull back to the resistance line as wave 4 . 🔔I expect Bitcoin to go UP to at least the upper area of the 🔴 Resistance Zone($26,980-$26,350) 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Ex-Goldman Executive Predicts Crypto Hits $10,000,000,000,000 Valuation After Family Offices and Institutions Arrive. State Bank of Pakistan acknowledges XRP’s potential. Details inside… One Metric Hinting at Opportune Time To Accumulate Bitcoin (BTC) and Altcoins: Sentiment. 🌐➖ Negative News ➖🌐: Binance CEO Accused of Tanking Bitcoin to Prop Up BNB DOJ arrests Tornado Cash co-founder Roman Storm, OFAC sanctions Roman Semenov -------------------------------------------------------------------------------- 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 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.
Long
by pejman_zwin
69
Bitcoin Analyze!!!🗺️(15-Min)Hi everyone👋(I hope you had a great weekend)🥳. 📚Since the trading volume is generally low on Saturdays and Sundays, we should not expect any strange movement from Bitcoin. 🌊Bitcoin is completing a corrective structure , and as I said in the previous post, I expect Bitcoin to move between $27,000 and $25,000 for a few days. 🔔I expect Bitcoin to fall to around $25,000 starting Monday after breaking the 🟢 support zone(26,030-25,950) 🟢(with the 2️⃣ scenarios I've outlined for you in the chart). -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Elon Musk praises pro-crypto Republican presidential candidate. $25,000 where Bitcoin (BTC) Could Bottom Out After Crypto Market Downturn, According to Glassnode Co-Founders. Bitcoin Mining Stocks Are Up 200% YTD, but One Has Soared Almost 400%. Binance CEO CZ Responds to the Periodic “Bitcoin is a Bubble” FUD: “Here We Go Again”. 🌐➖ Negative News ➖🌐: North Korean Hackers Have Stolen $200 Million So Far This Year. Heavy short position by Michael Burry on S&P500 and NASDAQ. -------------------------------------------------------------------------------- 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.
Short
by pejman_zwin
68
Bitcoin is making the 🚩Contracting Triangle🚩(15-MIN)⏰🚩Bitcoin seems to be forming a Contracting Triangle . 🔔I expect point E of the Contracting Triangle to complete after the next Zigzag correction is completed, and then Bitcoin will start to fall to the lower line of the Contracting Triangle. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin’s Flash Crash to FWB:25K : Long-Term Holders Unfazed by Market Panic. PayPal Stablecoin PYUSD Trading Launches on Major US Exchange. Crypto Market Cap To $145 Trillion: Wall Street Analyst Says XRP Is The Coin To Hold. Oman Introduces a Crypto Mining Center Valued at $350 Million (Report). New asset manager Empowered Funds has filed to list three Bitcoin futures ETFs. Top UK university partners with AI startup to analyze the crypto market. Bitcoin (BTC), largest crypto, might be getting closer to 'last buying opportunity' before radical growth phase. 🌐➖ Negative News ➖🌐: ‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Selloff. Vitalik Buterin stirs market uncertainty with $1M Ethereum transfer to Coinbase. Deleted tweet indicated suspension of EUR transactions via SEPA system. Heavy short position by Michael Burry on S&P500 and NASDAQ. -------------------------------------------------------------------------------- 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.
by pejman_zwin
9
Bitcoin Bullish CountBecause of the number of likes of my previous post, I have decided to post one long term bullish count for Bitcoin as promised. Here's a potential five wave into wave (1) as a leading diagonal. There is no rule violation therefore it could be possible. Looking for support on the area of previous Minor wave 2 which is, as I highlighted, the area which presents the most volume. Feel free to ask questions, If you found this helpful please leave a like and a comment, Trade safe!
INDEX:BTCUSDLong
by EWFAlessio
5
Bitcoin BTCUSDT Price Analysis (8h)Greetings, traders and investors! Today, our spotlight is on Bitcoin, dissecting the 8-hour timeframe for insights. What's caught our attention is an intriguing phenomenon - a Hidden Bullish Divergence. Let's break it down: RSI took a dip, heading into oversold territory, marking a Lower Low. Now, contrast that with BTCUSDT's price, which dropped but managed a higher low. This interplay defines Hidden Bullish Divergence. Now, the plot thickens as we focus on a support at $25,200 . This juncture could launch a potential price recovery up to $27,700, where a dynamic resistance level awaits. It's a key zone to watch. Amidst our optimism, a word of caution. Keep a close eye on that $25,200 support. If the price breaches it and maintains the stance below, especially on the Daily candlestick, our once-reliable support could fade. Happy trading!
by Vestinda
BTC BITCOIN Technical Analysis and Trade Idea UpdateWe can clearly see that BTC has reached a crucial support level accompanied by a slight retracement. While the prevailing trend leans heavily towards bearishness, a pivotal question arises – to what extent will Bitcoin retrace, offering us a potential entry opportunity? The video content delves into various aspects of technical analysis, encompassing elements like the trend, price action,, market structure, and more. It's vital to underline that the video expounds on these factors, and it's important not to misconstrue this content as financial advice.
BINANCE:BTCUSDShort
by fxtraderanthony
Bitcoin could rebound, but I'm not very optimistic After almost 2 months of consolidation, Bitcoin dropped hard last week breaking under the channel's trend line support. In my opinion, this break is very important and signals a top at around 30k and the resumption of the long-term downtrend that started 2 years ago. Technically speaking, at this moment the price is above horizontal 25000-25500 zone support and a rebound could follow. This rise should be viewed as an opportunity to sell in anticipation of a break under 25k with a target of around 21k. Only the price back above 30k would negate this strongly bearish structure
BITSTAMP:BTCUSDShort
by Mihai_Iacob
28
🚨Where is Bitcoin Destination❗️❓(Elon Musk changed the Game)🚨Hi everyone👋( Reading time less than 5 minutes⏰ ). We saw a ➖10% drop in Bitcoin in the last two days. Let's look at the News ; what is the reason for the fall of Bitcoin, and what effect did it have on the Bitcoin chart❗️❓ 🧛‍♂️It seems that Elon Musk's feet are still in the middle!!! 🌐According to news, SpaceX (owned by Elon Mask) sold 373 million dollars of its Bitcoins at once, and this news caused the market to fall(Of course, this news has not been officially confirmed yet❗️❗️❗️) 🌐Of course, another news that can have an impact on the market in the future is the bankruptcy of the Chinese construction giant ( Evergrande Group ). 📈Now, let's look at the daily chart of Bitcoin and see the impact of this news on the chart. Bitcoin started to decline above the descending channel, as I expected ✅. 🌊According to the theory of Elliott waves , Bitcoin started to form corrective waves after it lost the Uptrend line and 200_Simple Moving Average( 200-SMA ). 🌊Due to the Volume Trading two days ago, I expect the corrective structure to start with 5 waves . 🌊At the moment, Bitcoin seems to have completed the main wave 3 and is now forming a wave 4 . 🌊Since wave 2 has had a price correction , I expect wave 4 to experience a time correction . 🔔Finally, I expect Bitcoin to fall to the bottom of the 🟢 heavy support zone($25,240-$23,900) 🟢, and if it breaks this zone, we can expect Bitcoin to reach $20,000 . 👀If you have time, take a look at the two posts below that I shared with you in previous weeks; they will surely give you a good insight.👇 -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Ripple Joins Mastercard Alliance for CBDC Development. The SEC is reportedly close to approving Ethereum Futures-based ETFs, with several firms possibly approved by October. 🌐➖ Negative News ➖🌐: SpaceX wrote down $373M worth of Bitcoin back in 2021-2022. Judge grants SEC request to file motion for appeal in Ripple case. Market sees $1B in liquidations as Bitcoin, Ethereum plunge. Coinbase to suspend USDT trading for Canadian users. Bitcoin, Ethereum Dip After Fed Hints at More Rate Hikes. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), Daily 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. Where is Bitcoin Destination❗️❓(Elon Musk changed the Game)
Short
by pejman_zwin
53
🚨Bitcoin ready to FALL again🚨(1-hour time frame)!!!Hi everyone👋. 💡After failing to break the🔴 resistance zone($29,850-$29,480) 🔴, Bitcoin started to decline again. 🔔Considering that 50-SMA and 50-EMA issued the SELL signal, I expect Bitcoin to FALL at least to the support line . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5%. US bank reveals $166M in crypto holdings. India Wants to Use Crypto Tokens to Digitally Sign Documents. 13 banks to participate in Russia’s CBDC pilot program. 🌐➖ Negative News ➖🌐: PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America. Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist. SEC to seek appeal and stay in Ripple Labs court case. -------------------------------------------------------------------------------- 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.
Short
by pejman_zwin
80
💡Bitcoin Technical and Fundamental Analysis💡Hi everyone👋 (Reading time less than 5 minutes⏰) . In this post, I tried to first technically analyze the Bitcoin chart in the weekly time frame for you and then tell you about the positive and negative news of Bitcoin. --------------------------------------------------------------------------------------------- Technical : First, I must say that this is the second time Bitcoin has attacked the 🔴 heavy resistance zone($32,420-$28,900) 🔴. It is interesting to know that the 🔴 heavy resistance zone 🔴 was broken after the fourth time when it was playing the role of the 🟢 heavy support zone 🟢. So, it is not far from expecting that the second attack on the heavy resistance zone will ❌ fail ❌ and Bitcoin will go down again. Bitcoin seems to have the potential to form a descending channel , and I predict that the second major pivot of Bitcoin will be completed in the 🟡 Time Reversal Zone(TRZ/In July ) 🟡 (above the descending channel). Now let's take a look at the Volume and RSI indicators : We can see Regular Divergence(RD-) between Volume and Price . I think we should wait to see Regular Divergence(RD-) in the RSI indicator , and RSI will approach the uptrend line again.👇 🔔I expect the maximum increase of Bitcoin will be up to 100-SMA , and probably, Bitcoin will not succeed in filling the 🔵 Upper CME Gap 🔵 and will start to fall again and will fill the 🔵 Lower CME Gap 🔵 first. --------------------------------------------------------------------------------------------- Now let's take a short look at fundamentals and news (➕positive➕ and ➖negative➖): ➕ Positive ➕: ➕ The possibility of launching a BlackRock Exchange-Traded Fund (ETF) for Bitcoin. ➕ Heavy purchase of Bitcoin by MicroStrategy company : Michael Silver, the founder of MicroStrategy Company, has announced that this company has added 12,333 bitcoins with an approximate value of 347 million dollars to its number of bitcoins. The average purchase price of the bitcoins bought by Microstrategy is $29,668, and currently, this company has 152,333 Bitcoins worth $4.52 billion ➕ Hong Kong's largest bank HSBC launches Bitcoin and Ethereum ETF ➕ Mastercard company looking to create Crypto card ➖ Negative ➖: ➖ Powell, the head of the Federal Reserve, said that there is a possibility of a recession in the market, and most of the members of the Federal Reserve expect that the American interest rate will increase by 2 steps by the end of the year. ➖ One billion dollars of Bitcoin was sent by miners to exchanges. Normally, this can be seen as a major increase in selling pressure on Bitcoin. ➖ Short-term holders of Bitcoin are in profit: After the price growth of Bitcoin from the range of $25,000 to $30,000, more than 66% of the Bitcoins that are kept in the market for a short period of time are in profit (1.6 million Bitcoins), and also 96.9% (2.6 million Bitcoins) (Bitcoin short-term holders are in profit). ➖ Exchanges' problems with different governments, for example, the expulsion of Binance from Belgium and Austria. ➖ The cryptocurrency market is still affected by the events of the FTX exchange and the LUNA project. ➖ Stablecoins Problems --------------------------------------------------------------------------------------------- According to the explanations above, do you think Bitcoin is still bullish, or will it fall again❗️❓ I would be happy to share your opinion with me in the comments🙏. Bitcoin Analyze ( BTCUSDT ), Weekly 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.
by pejman_zwin
48
Bitcoin 🗺️Road map🗺️for 300 Days Before Halving 2024❗️Hi everyone👋 (Reading time less than 7 minutes⏰). First, I have to apologize for the busy chart, but all the lines were really needed.😊🙏 📚As you know, Bitcoin has created an All-Time High(ATH) between both Halvings, and after the confirmation of Bitcoin's ATH, it has started a downward trend . In general, Bitcoin has started an upward trend about 500 days before each halving , although this upward trend is not stable and has undergone correction . 📚Bitcoin seems to have started a trend similar to 500 days before the 2020 Halving, and if Bitcoin wants to have a correction similar to the 2020 Halving , this correction should start at 300 days before the 2024 Halving . In this post, I want to give you reasons that show that the movement of Bitcoin until the 2024 Halving will be very similar to the 2020 Halving. So stay with me.🙏 🔔The reasons for the start of Bitcoin Correction : Bitcoin started an upward trend 500 days before the 2020 Halving, and it is interesting to know that Bitcoin has started an upward trend 500 days before the 2024 Halving. Bitcoin started a correction 300 days before the 2020 Halving, and now we are 300 days away from the 2024 Halving, and Bitcoin is expected to start its price correction in the coming weeks. The conditions of the RSI indicator are very similar in both movements, and the Bitcoin correction in both movements has started with Regular Divergence (RD-). (Note that currently, Bitcoin has not managed to enter the Overbought area, and this indicates that the Bitcoin correction may be a little deeper than the 2020 Halving movement).👇 🔔Now let's look at the current situation of the Bitcoin chart. (I will point out the reasons for the correction). Bitcoin has been moving in a descending channel on the weekly time frame for more than a year and a half. And currently, Bitcoin is above the descending channel, and Bitcoin will probably react to this area. Bitcoin is attacking the 🔴 heavy resistance zone($32,420-$28,900) 🔴 for the second time. It is interesting to know that the 🔴heavy resistance zone🔴 was broken after the fourth time when it was playing the role of the 🟢heavy support zone🟢. So, it is not far from expecting that the second attack on the heavy resistance zone will ❌ fail ❌ and Bitcoin will go down again. Also, Bitcoin is moving near 100-Simple Moving Average(100-SMA) , and this moving average plays the role of a dynamic resistance for Bitcoin. Plus, Bitcoin is moving in the 🟡 Time Reversal Zone(TRZ) 🟡. In the daily time frame, the Regular Divergence (RD-) between volume and price can be seen between two consecutive peaks. 🔔As a result, I expect Bitcoin to start its correction in the coming weeks, and this correction will deepen after the uptrend line breaks. Finally, I think Bitcoin will fill the 🔵 lower CME Gap 🔵 and then start its upward trend again (around $20,000 ). According to the explanation above, will the movement of Bitcoin be similar to Halving 2020❗️❓ I would be happy to share your opinion with me in the comments 🙏. Bitcoin Analyze ( BTCUSDT ), Weekly 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.
Short
by pejman_zwin
41