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Bitcoinanalysis

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.
COINBASE:BTCUSDShort
by benjihyam
9
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 . -------------------------------------------------------------------------------- 🌐➕ 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.🔥 -------------------------------------------------------------------------------- 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
56
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. -------------------------------------------------------------------------------- 🌐➕ 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! -------------------------------------------------------------------------------- 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
🚨 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.
Short
by pejman_zwin
68
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance Line⏰(1-Hour)⏰💡Bitcoin has not had many price changes in the last 7 days (of course, we witnessed an emotional market in some minutes). Most of the time, Bitcoin has been moving between two lines of Support and Resistance and the 🟢 Support zone($25,840_$25,600) 🟢. 📚In general, it is more difficult to profit when there is Little Movement in the financial markets than when the financial markets are Trending . 🌊If we want to evaluate the recent movements of Bitcoin during the last seven days according to the theory of Elliott waves , it seems that Bitcoin is forming a correction pattern of Double Three Correction(WXY) . 🌊Bitcoin is on the way to complete the last corrective wave, the Wave Y. 🔔I expect Bitcoin to at least go UP to the Resistance line and, if it breaks, to the 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, there is a possibility that the Contracting Triangle will develop in the coming days, but it is too Early to talk about this scenario. 💡In terms of classical analysis, Bitcoin has been able to form a Symmetrical Triangle . In general, the symmetric triangle is a Continuing Pattern , and if Bitcoin can break the downward Support line , we should expect more losses. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: BTC bull market began in March, more will realize in a year — Arthur Hayes. Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF. Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham. 🌐➖ Negative News ➖🌐: Crypto Exchanges Are the Least Trusted Financial Institutions, Survey Says. $24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack. Palau to freeze USD-backed stablecoin after pilot launch in July -------------------------------------------------------------------------------- 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.
Long
by pejman_zwin
32
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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
91
🚨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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
57
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 . -------------------------------------------------------------------------------- 🌐➕ 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. -------------------------------------------------------------------------------- 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.
Long
by pejman_zwin
20
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