Bitcoin will go UP by Falling Wedge Pattern🚀(15-Min)🏃♂️Bitcoin has been moving in a Rectangle Pattern for over 36 hours , although we have seen 🐮 Bull Trap 🐮 and 🐻 Bear Trap 🐻 in this pattern.
➕Bitcoin is currently moving near the lower line of the Ascending Channel and the Support line .
➕Also, in the middle of the Rectangle Pattern, Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to Attack the upper line of the Rectangle pattern after breaking the upper line of the Falling Wedge pattern.
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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Bitcoinanalysis
🚨Bitcoin is Ready to Break Descending Channel🚨⏰(1-Hour)⏰🏃♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 after leaving behind a 🐻 Bear Trap 🐻.
📚It is better to know that, in general, Volume Trading is ↘️ Low ↘️ on Saturdays and Sundays .
🌊According to the theory of Elliott waves , it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves .
💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator .
💡Another sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms .
🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴 Resistance zone($27,000-$26,350) 🔴 and 🎯 Target 🎯 I have identified on the chart.
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 is Ready to go UP from the Bottom of Ascending Channel🚀Hi everyone👋.
🏃♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 and near the Support line , and the lower line of the Ascending channel .
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢 Support zone($25,840_$25,600) 🟢 and the Support line . (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴 Resistance zone($27,000-$26,350) 🔴 in the coming hours to complete Wave C .
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🌐➕ Positive News ➕🌐:
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
🌐➖ Negative News ➖🌐:
Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses $FWB:40 M in 'Unauthorized' Transfers.
Trouble in the Metaverse: 99% of Play-to-Earn Investors Now Counting Their Losses.
Exploits, hacks and scams stole almost $1B in 2023: Report.
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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 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.
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🌐➕ 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.
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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 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 ).
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🌐➕ 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
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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.
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.
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!
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 🟡.
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🌐➕ 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.
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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 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).
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🌐➕ 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.
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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.
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) 🔴.
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🌐➕ 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
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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 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- Short term traders could look to buyIn my previous Bitcoin analysis, I said that, in my opinion, Bitcoin will eventually drop under support, and this remains my idea for the medium term.
However, the recent strong reversal from support makes me believe that a correction could follow, and short-term traders could speculate on this.
Technically, as I said, BtcUsd reversed from support and buy dips under 26k would also have a very good R:R if we target 28k resistance
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).
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🌐➕ 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.
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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 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.
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🌐➕ 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.
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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 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!
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!
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.
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