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Bitcoinanalysis

#Bitcoin at 2023 Highs, will BTC hold above $30k?Past Performance of Bitcoin Bitcoin remains in an uptrend despite liquidity shrinking over the weekend. From the daily chart, the path of least resistance is definite and northwards. Even though there are hints of weakness, bulls may look to buy above the $29.8k and $30k area, searching for entries for a retest of $31.3k or better in future sessions. #Bitcoin Technical Analysis Bitcoin is trading at around 2023 highs following sharp gains from June 20 to 23 at the back of expanding volumes, as visible in the daily chart. Subsequently, traders can continue looking for entries on dips, aligning with the primary trend established last week. Notably, the coin is within a bullish breakout formation, syncing with March to April gains. The anchor remains at the base of June 2023 lows at around $24.8k. Meanwhile, any retest of $30k or even $28.3k could be areas of loading if there is a retracement from last week's peaks. The immediate target is at $31.3k, later $32.5k, and $35k if bulls press on. What to Expect from #BTC? Traders are optimistic and fundamental factors could pump the coin to new highs. Even so, for now, the rejection of higher highs over the weekend could translate to retracements. Immediate support levels remain $29.8k and $28.3k on the lower end. Any expansion above last week's high could trigger more demand, pushing BTC to 2023 highs. Resistance level to watch: $31.3k Support level to watch: $29.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin will go UP by 💎Diamond Pattern💎(15-min)Bitcoin followed the Downtrend line in the recent decline. Also, Bitcoin succeeded in forming a 💎 Diamond Pattern 💎, which can be a sign of the failure of the downtrend line to the top. I expect Bitcoin will go UP to at least the previous top and even a bit more. 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
11
Bitcoin Analyze (Road Map, 06/23/2023)!!!🗺️(15-min)Bitcoin confirmed the end of the main wave 4 after the Sharpie move today. Bitcoin is currently completing main wave 5. It seems that wave 4 of the main wave 5 will have a zigzag(ABC/5-3-5) structure so that the end of wave C can end in the 🟡 Price Reversal Zones(PRZ) 🟡. 🔔So, confirming the end of microwave 4 from the main wave 5, I expect Bitcoin to rise at least to the 🟡 yellow area 🟡 I marked on the chart. ❗️ Note ❗️:❌Below $30,256 , the scenario will change❌ 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
22
Bitcoin Analyze (Master Candle in 1-hour time frame)!!!📚 What is the Master Candle❗️❓📚 First of all, I am going to describe what is a Master Candle. Basically, these are the candle with big bodies and wicks (the sticks over and under the body of the candle) marking a new high or a new low and whose extension or range covers the following 4 or more candles. Usually, if we observe the formation of a master candle, we can determine a range between the maximum and minimum of that candle which will be stronger the more candles are within the range. It is therefore expected that in the event of rupture, the prince will make a fairly strong movement in the direction in which the breakout occurs. For this reason, it is recommended to apply this trading strategy in instruments and assets that are sufficiently volatile in order to capture a strong movement. 🔔It seems that Bitcoin was able to create a Master Candle in the 1-hour time frame; it is expected that the lowest price of the master candle will be broken in the next 3️⃣ to 5️⃣ candles . 🔔The minimum amount of drop can be equal to the distance between the highest and lowest price of Master Candle . 🔔Also, Bitcoin was able to make a rising wedge near the downtrend line in a 15-minute time frame . 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
45
#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