Get started

Bitcoinanalysis

#Bitcoin Breaks Out, Will Traders Take Out $31k?Past Performance of Bitcoin Bitcoin is firm at spot rates, adding 20% from June 2023 lows. Trading above $30k, the coin is within a bullish breakout formation, and buyers are confident. Therefore, per the candlestick arrangement in the daily chart, traders can look for entries on dips above $28.3k, expecting even more gains above $31k. Any upswing above April highs could pump the coin towards $35k or better, registering new 2023 highs. #Bitcoin Technical Analysis The uptrend is clear, and BTC is back to the upswing of March and April 2023. Following gains, BTC is within a breakout formation, surging above a multi-week resistance trend line. At spot rates, every low above $28.3k allows aggressive traders to load up and target $31k. This preview is supported by strong underlying momentum, considering bars are banding along the upper BB. At the same time, there is high volatility looking at the divergence between the middle BB and the upper BB. As BTC prices look to break out from the bull flag, there could be an opportunity for conservative traders to explore entries with targets at $31k. A comprehensive close above April highs may offer even better entries. What to Expect from #BTC? Traders are upbeat and confident. Even so, unless BTC edges above FWB:31K , closing above April highs, sellers stand a chance. Notice that prices are within a bull flag after the drop in May 2023. Resistance level to watch: FWB:31K Support level to watch: $28.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin Tears Higher, Rallies 16% As Buyers Target $31kPast Performance of Bitcoin Bitcoin is up 16% from its June 2023 lows and is trading above key support levels. With BTC above $28k, buyers are in control, and there could be more headroom in the days ahead. Per the BTCUSDT candlestick arrangement, every low above $27.3k may offer entries for traders angling for more gains toward $30k and FWB:31K in future sessions. Bitcoin Technical Analysis The upswing of June 20 is with rising trading volumes, validating the breakout above $27.3k. As it is, BTC is within a bullish breakout formation, trading above the June 6 highs and confirming buyers of the bullish engulfing bar. Subsequently, as price action aligns with the dominant trend, traders can look to ramp up on every attempt lower but within the June 20 bull bar and above $27.3k. This forecast is supported since BTC is in a bullish breakout above a multi-week resistance trend line. As such, traders can look to load the dips with eyes on May and April 2023 highs. What to Expect from BTC? Bulls will likely flock back, buying as traders aim to capitalize on the bullish breakout bar of June 20. Following this preview, BTC will likely remain supported today. As such, traders can look to continue loading on dips with a possibility of BTC printing new H2 2023 highs in sessions ahead. Resistance level to watch: $30k Support level to watch: $27.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Bitcoin Bulls Confident, BTC Likely To Pierce above $27.3kPast Performance of Bitcoin Bitcoin continues to float higher when writing, and prices will likely breach the $27.3k level in the coming hours. From the daily chart, BTC prices are resilient and have reversed recent losses, tracking higher and likely to confirm buyers of June 6. As it is, traders can load on dips with even more opportunities above $27.3k, with the immediate target at $28.3k or better in the days ahead. #Bitcoin Technical Analysis BTC prices are choppy and volatile when writing. Despite recent gains, there must be a comprehensive close above $27.3k with expanding volumes for the buyers of June 6 to be valid. Before then, conservative traders can watch from the sidelines. A wide-ranging bull bar with expanding volumes breaching $27.3k may signal trend continuation and a possible rally toward April highs at $31k. Meanwhile, aggressive, risk-off traders can load on dips above $26k, targeting June 6 highs of $27.3k. What to Expect from #BTC? Overall, the path of least resistance is upwards, reading from the BTCUSDT candlestick arrangement in the daily chart. BTC prices are still within a bull flag, and buyers are beginning to assert themselves. Only once there are gains above June 5 and 6 can buyers confidently load, expecting even more gains ahead. Resistance level to watch: $27.3k Support level to watch: $26k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin will go DOWN by Ascending Broadening Wedge Pattern-30minBitcoin was able to make an Ascending Broadening Wedge Pattern . Bitcoin also managed to break the lower line of the Ascending Broadening Wedge Pattern. I expect Bitcoin to drop DOWN to the 🟢 support zone($ 26,160-$ 26,030) 🟢. Bitcoin Analyze ( BTCUSDT ), 30-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
22
#Bitcoin Gains 7%, is This A Dead Cat Bounce?Past Performance of Bitcoin Bitcoin is up roughly 7% from last week's low and remains within a bearish path. Despite the recovery, there must be sharp price expansions with increasing volumes above local liquidation levels in the short term. Following the reversal of June 14 losses and prices edging above $26k, aggressive long traders could find entries to double down on every drop toward $26k as they target $27.3k and $28.3k. Conversely, conservative bulls must wait for clear breakouts in either direction before ramping up, aware that the current trend is bearish despite the dead cat bounce of the past few days. #Bitcoin Technical Analysis Resistance levels lie at $27.3k and $28.3k in the short term, while support is at $26k and last week's lows. A wide-ranging bull breakout above $27.3k would propel the coin further, away from the dynamic support line of the 20-day moving average, towards $28.3k. In turn, this could trigger demand. However, traders should be cautious considering the dump of the first half of June. Unless there are solid gains, any drop below FWB:25K will cancel this preview, forcing BTC back towards $22k as price action aligns with the June 5 and April 19 bear bars. What to Expect from #BTC? Price action favors sellers; this preview holds unless there is a comprehensive push above $27.3k. Before then, conservative traders can track the markets, waiting for a guiding breakout. Meanwhile, the recent expansion might offer aggressive bulls an opportunity to load, provided prices are steady above $26k. Resistance level to watch: $27.3k Support level to watch: $26k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
Bitcoin will go UP by Three Rising Valleys Pattern🚀Bitcoin managed to break the downtrend line in the 15-minute time frame by breakout candle . Bitcoin has also succeeded in forming a Three Rising Valleys pattern . I expect Bitcoin to attack the 🔴 resistance zone($ 26,820-$ 26,720) 🔴 again after breaking Peak 2 . 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
20
Bitcoin falling again from the 🔴Resistance zone🔴Bitcoin was able to go up to the 🔴 resistance zone($ 25,760-$ 25,600) 🔴 after breaking the resistance line. The wave structure in the 15-minute time frame appears to be Expanding Flat(ABC/3-3-5) , which is one of the most common corrective structures. I expect Bitcoin to fall again from the 🔴resistance zone🔴 (there is also a possibility of a 🐮 bull trap 🐮). 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
42
Bitcoin is forming a Head and Shoulders Pattern(15-min)⏰It seems that Bitcoin is forming a Head and Shoulders pattern after failing to break the 🔴 resistance zone($ 26,150-$ 26,040) 🔴 so that the peak of the right shoulder of the pattern can be in the 🟡 Price Reversal Zone(PRZ) 🟡. I expect Bitcoin to go down to at least the 🎯 target 🎯 I specified in the chart after breaking the neckline . 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
43
Bitcoin will go down by Ending Diagonal Pattern❗️❗️❗️Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal . I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line. 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
21
Bitcoin will go DOWN again (Short term)❗️❗️❗️In these few days, Bitcoin managed to move from its 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 to the top of the descending channel and the 🔴 resistance zone ($ 28,000-$ 27,660) 🔴. In this increase in Bitcoin, we can see the Regular Divergence(RD-) between volume and price, as well as the Hidden Divergence(HD-) between price and oscillator. I expect Bitcoin to decline again from the top of the descending channel and 🟡 Price Reversal Zone(PRZ) 🟡; this decline can follow the Fibonacci levels . 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.
Short
by pejman_zwin
23
Bitcoin Road Map(15-Min)🗺️!!!Bitcoin started to grow again as I expected; the structure of impulse waves of Bitcoin is such that wave 3 is extended, and wave 5 finished in the resistance zone. I tried to show the road map of BTC in a 15-minute time frame. 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
34
Bitcoin's rise to Middle line of Descending Channel(15-Min)🚀Bitcoin seems to have broken the heavy support zone, but to continue the downward trend, it is likely to create a pullback to the middle line of the descending channel and the 🟢 heavy support zone($ 26,400-$ 25,800) 🟢. Also, we can see Regular Divergence(RD+) between two consecutive valleys. I expect Bitcoin to go up to the middle line of the descending channel after breaking the downtrend line. 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
19
Bitcoin will go DOWN by 🦇Bearish Bat Harmonic Pattern🦇(15-Min)Bitcoin is moving in ascending channel for a few hours⏰. Also, Bitcoin created the 🦇 Bearish Bat Harmonic Pattern 🦇 near the 🔴resistance zone($ 27,350-$ 27,260)🔴; the confirmation sign of the D point of the pattern can be the creation of the Shooting Star candlestick pattern above the ascending channel and near the resistance zone. I expect Bitcoin to start its downward trend again in the coming hours after breaking the lower line of ascending channel. 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
35
#Bitcoin Falls Below Bull Flag, BTC Dumping to $22.5k?Past Performance of Bitcoin The broader financial market reacted negatively to the FED's decision on June 14. Bitcoin is lower, below FWB:25K , an unexpected development. The coin is in a breakout formation, reading from the formation in the daily chart. With prices below FWB:25K , BTC is likely headed towards $22.5k, allowing traders to ride the emerging trend as bears seize control. #Bitcoin Technical Analysis The path of least resistance is southwards from reading the candlestick arrangement in the daily chart. As it is, primary resistance is at FWB:25K , while support is around the $22.5k zone in the current breakout formation. With the high-volume break below FWB:25K and the bull flag on June 14, losses of June 5 have been confirmed in a bear trend continuation formation. Subsequently, traders can look for entries to short on every attempt higher while targeting $25.5k. Any upswing above $27.3k nullifies this preview. What to Expect from #BTC? Bears are in charge, and BTC may likely drop below $22.5k after a period of tight consolidation in the daily chart. After a definitive, high-volume break of June 14 that is now shaping the immediate to medium-term trend, BTC is likely to tumble towards the $20k zone. Resistance level to watch: FWB:25K Support level to watch: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Analyze (Road Map, 06/10/2023)!!!🗺️(4-hour time frame)Bitcoin has been moving in a descending channel for about two months⏰. In terms of the structure of Elliott waves , it seems that the waves in the descending channel are forming a Double Three Correction structure(WXY) . Currently, Bitcoin seems to be completing microwave B of the main wave Y. I expect Bitcoin to retrace itself to the top of the ascending channel and then attack the 🟢 heavy support zone ($ 25,280-$ 24,410) 🟢. 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.
by pejman_zwin
10
Bitcoin Analyze (Road Map, 06/11/2023)!!!🗺️(15-min)Bitcoin completed the Zigzag correction(ABC/5-3-5) near the 🟢 heavy support zone ($ 25,280-$ 24,410) 🟢 so that the wave A structure was a Leading Diagonal . I expect Bitcoin to break the 🔴 resistance zones 🔴 one after another and reach the top of the descending channel . 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
17
#Bitcoin Ranging with Shrinking Volumes, Primary Support at $25kPast Performance of Bitcoin Bitcoin continues to trade under a tight trade range and above clear support and resistance levels, as evident in the daily chart. Even though there is a tinge of optimism with traders expecting the coin's fortunes to turn around, the reaction at FWB:25K and $27.3k could shape the near-term formation of the coin. The coin's volatility is muted for now, and prices are within the June 6 bull bar. #Bitcoin Technical Analysis In the short term, the June 6 bar is critical for the immediate trajectory of Bitcoin. On the upper end, the June 6 high is $27.3k, while support is $25.3k. This $2k range has confined the trader range of the past seven trading bars—all of which are with light volumes. Accordingly, from an effort-versus-result perspective, bulls have the upper hand. However, this preview will be null if BTC crashes below FWB:25K with rising volumes similar to or better than June 6. Therefore, the current trend remains neutral unless there is a wide-ranging bar from the current level towards $27.3k or breaking vigorously toward $22.5k. What to Expect from #BTC? Traders are optimistic, but prices are within a tight trade range. Conservative traders can wait for breakouts above or below present reaction levels for trend definition. Before then, buyers are in charge from a top-down preview despite recent days of lower lows. Resistance level to watch: $27.3k Support level to watch: FWB:25K Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Volatility Low, BTC Finds Psychological Support at $25kPast Performance of Bitcoin On the back of shrinking liquidity and low participation, BTC prices are steady when writing but within a bearish formation. Though prices are above FWB:25K , the critical support line of the current bull flag, the failure of prices to pump higher above $26.5k and $27.3k is a concern. Based on this formation, traders should wait on the sidelines until a clear trend emerges from the current consolidation. Any uptick above recent highs may spark demand, lifting the coin to new levels. Conversely, a break below support may heap more pressure on BTC. #Bitcoin Technical Analysis Overall, sellers have the upper hand in the short term. It is despite the rejection of lower lows over the weekend. For the uptrend to remain, traders must push prices above $26.5k and $27.3k in the near term. If this is at the back of increasing volumes, buyers of June 6 will be validated, possibly driving demand. On a more cautious outlook, any contraction below $25.3k and, ideally, FWB:25K , may see BTC drop to $22.5k in a bear trend continuation formation from mid-April. With these formations likely, conservative traders can wait for a clear trajectory to emerge before engaging. What to Expect from #BTC? The existing sentiment is bearish for Bitcoin and could dampen participation in the days ahead. This can, in turn, shape how the immediate trend will be. Overall, the top-down preview supports bulls though there must be a convincing breakout above $27.3k for this to take shape. Resistance level to watch: $27.3k Support level to watch: $25.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer