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Bitcoinanalysis

#Bitcoin Soaks Selling Pressure; Will BTC Lose $25k?Past Performance of Bitcoin Bitcoin losses have been contained despite the contraction in the second half of last week. Prices are around the $25.8k, and the uptrend remains, at least from a top-down preview. Overall, traders should watch how prices react at immediate support lines and the resistance trend line of the emerging bull flag. Notice that the uptrend defined by gains from March to April 2023 holds despite the rejection of higher highs from mid-April 2023. #Bitcoin Technical Analysis The drop in BTC prices from June 7 to 10 has been noticeable but within the June 6 bull bar. Trading volumes were also low supporting buyers of June 6 from an effort-versus-result perspective. In the days ahead, traders should watch how prices react at $25.3k, or June 6 lows, and $27.3k, the immediate resistance level, and June 5 highs. For buyers to take over, there must be a convincing close above $27.5k and, ideally, $28.3k with expanding volumes. Conversely, sharp losses below FWB:25K will invalidate this outlook, and further losses will be a bullish breakout confirming losses of June 5. In that eventuality, BTC may drop to $22.5k and $20k in a retest of March 2023 lows. What to Expect from #BTC? Buyers are confident, but BTC remains in a tight position, looking at the candlestick arrangement in the daily chart. For the uptrend to be valid, there must be a close above key resistance levels, especially $28.3k. If not, there could be more losses on the horizon. Resistance level to watch: $27.3k Support level to watch: $25.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰). First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰. In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴. 📚 Teaching Tip 📚: Mostly, heavy support and resistance areas are not broken with a single attack. Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY) . Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡 Time Reversal Zone(TRZ) 🟡. The end of the Double Three Correction structure can end in the 🟢 support zone($ 25,280-$ 24,410) 🟢. 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.
by pejman_zwin
14
Bitcoin will go UP by Falling Wedge&Symmetrical Triangle(15-Min)Bitcoin seems to be moving in a Symmetrical Triangle during the last 3 days, and also, the Falling Wedge pattern can be seen on the chart. I expect that if Bitcoin does not make the sixth contact with the symmetrical triangle, Bitcoin will easily break the upper line of the symmetrical triangle and move towards the 🔴 resistance zone($ 27,360-$ 27,270) 🔴. 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
24
#Bitcoin Accumulates, BTC Finds Strength above $26kPast Performance of Bitcoin Bitcoin remains stagnant at spot rates, technically bullish, but traders need confirmation above $28.3k before ramping up. The critical resistance level is $ 28.3k to $28.5k zone. On the lower end, the zone between $25.8k and $26.5k offers support. For the uptrend to resume, there must be a high-volume, wide-ranging confirmation of the June 6 bull bar. In that case, BTC could float higher to $30k and even FWB:31K in a retest of April 2023 highs. Conversely, a drop with the same rapidity could quickly push BTC to $20k. #Bitcoin Technical Analysis The daily chart shows buyers are confident, and prices are stuck inside a bull flag. However, the failure of higher highs means buyers are not confident, or the underlying momentum is fading. For this reason, risk-averse traders can wait on the sidelines until a precise signal forms. That will be a comprehensive, wide-ranging, high-volume close above $28.3k. The bar will align with buyers from mid-March and confirm strength from May 28 and June 28. If bears press on, how prices react at June 5 lows will shape the short to medium-term formations. What to Expect from #BTC? Traders are overly bullish, but how fast prices will tear higher depend on the underlying momentum. Prices are within a bullish formation, with caps at $28.3k and $30k on the upper hand. A break above this zone could propel BTC to new weekly highs in a significant boost for optimistic buyers. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin will go UP by Falling Wedge & Ascending Triangle(15-Min)Bitcoin managed to form Falling Wedge and Ascending Triangle patterns . Currently, Bitcoin managed to break the upper line of the Ascending Triangle. I expect Bitcoin to go up to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴 after breaking the resistance 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
11
Bitcoin will go UP by Expanding Flat(15-Min)🚀Bitcoin made its correction to the 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 with the Zigzag structure(ABC/5-3-5) . I expect the next corrective structure to be an Expanding Flat(ABC/3-3-5) and bring Bitcoin closer to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴. 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
21
#Bitcoin Bulls Fail to Follow-Through, BTC Bearish Below $28.3kPast Performance of Bitcoin Bitcoin prices are lower, retracing from June 7 highs, and are below $27k. At this level, bulls still have a chance as prices trend above $25.8k and volatility remains. However, for trend confirmation, there must be a close above $28.3k, the immediate resistance, and the buy trigger line. The only formation that will cancel this preview is a strong sell-off forcing BTC to dump below $25.8k, confirming sellers of June 5. #Bitcoin Technical Analysis BTC remains in a broader consolidation that skews to favor sellers in the short term. Still, the encouraging reversals of June 5 losses reinvigorate demand, placing BTC bulls at a vantage position. Even so, conservative traders can wait for a conclusive close above $28.3k in confirmation of June 6 gains before loading on dips targeting $30k or better. On the cautious outlook, any unexpected dump that places BTC below $25.8k, confirming June 5 losses, would cancel this bullish outlook, fueling sellers angling for $22.5k in the medium term. What to Expect from #BTC? The expansion of BTC prices on June 6 was a net positive for optimistic buyers. Fundamental events, especially in the United States, might spark demand supporting Bitcoin. Nonetheless, the failure of buyers to follow through and pump BTC above $28.3k, confirming June 6 gains, is a concern. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Unexpectedly Peels Back Losses, BTC Back To $30k?Past Performance of Bitcoin Bitcoin's recovery has been spectacular. Prices are higher and have reversed the losses of June 5. The coin is trading above the $26.3k to $26.5k zone, bouncing from the primary support level of around $25.8k. On June 5, following fundamental events, BTC dropped to as low as $25.9k. However, with prices back to the trading range, traders should watch whether there will be confirmation today. Gains above $28.3k will nullify the bearish outlook of Monday, setting the base for another leg up toward $31k. #Bitcoin Technical Analysis The SEC crackdown is turning out to be a bullish event for BTC and other top crypto assets. From late June 6, prices have been pumping higher. This has seen bulls reverse losses of June 5. Still, whether this will continue largely depends on today's confirmation. Any close above $28.3k, the immediate buy trigger line, could draw more demand, forcing BTC towards $30k and later $31k. Notice that BTC remains bullish, with the current price action defined by gains from mid-March to April. This outlook will only change should there be a high volume dump below $25.8k; a development that wasn't confirmed on June 6. What to Expect from #BTC? BTC is back in the initial bullish range. Prices remain volatile, but buyers appear to be back. Still, how fast the coin will edge higher depends on if there is a comprehensive close above $28.3k. This will confirm gains of May 28 and may rejuvenate demand, pushing BTC towards $30k and better. Resistance level to watch: $28.3k Support Level to watch: $26.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
BITCOIN Next Days/Weeks Happy Thursday Traders & Investors Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on: Option A: Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ where the downtrend resistance lays in confluence with some major Fib. Levels of different retracements from the highs and lows of the overall uptrend. A brake above that key resistance area would likely take #BTC to retest the uptrend support and bring new highs in the range between 34-35.000$ On the other hand, a rejection in the 28.5k area would take #Bitcoin back down to a crytical level where Bulls will want to see Bitcoin forming a higher low on the overall uptrend, ideally above the dotted trendline which is also supported by some important Fib. levels and the riffled support line of the current downtrend at around 25.000$ Option B: If the bears take control and brake below the current riffled downtrend support line, we could see Bitcoin dropping straight down to about 23.800$ and the previously mentioned uptrend support in confluence with crytical Fib. Levels where Bitcoin will need to find a bounce in order to avoid a drop all the way down to the range of 22-21.500$ I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! Happy Trading ✌🧡📈
INDEX:BTCUSD
by BitcoinEasyIO
#Bitcoin Crashes Below Critical Support, Path Back to $22.5k?Past Performance of Bitcoin Bitcoin crashed on June 5 following news that the SEC is suing Binance, the world's largest crypto exchange. The dump was evidenced across the board, with BTC dragging the altcoins. The coin is below the $25.8k and FWB:31K trade range at spot rates in a bear breakout formation. The uptick in trading volumes gives credence to bears of mid-April who have their sight on $22.5k and lower. #Bitcoin Technical Analysis BTC is within a bear formation, crashing below the primary sell trigger at $25.8k, marking May lows. As it is, every attempt higher but below $25.8k may offer entries for sellers angling for $22.5k in the short term. This preview is supported by the June 5 anchor bar that is wide-ranging and with expanding trading volumes. The dump confirms sellers of April 19 and breaks below the primary support level of the bull flag, marking the presence of determined bears. What to Expect From #BTC? The immediate trend is bearish unless there is an unexpected expansion above $28.3k in the short term. Accordingly, traders could build on yesterday's losses, pressing lower toward the psychological $20k line. Resistance level to watch: $25.8k Support level to watch: $22.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Bitcoin Bulls Optimistic, Will BTC Hold Above $26.5k?Past Performance for Bitcoin Bitcoin prices are lower when writing though trading higher from last week's highs and above the $25.8k support level. Overall, buyers remain bullish. Even so, there must be conclusive rallies above the $28.3k buy trigger level if the May 28 gains will anchor the upcoming trend. On the broader view, the level between FWB:31K and $25.8k mark the upper and lower limits of the current trade range. #Bitcoin Technical Analysis Buyers are in control from a top-down preview, but sellers have recently been pressing on. As it is, there are hints of strength, and the bulls of May 28 may shape the immediate trend. However, for buyers to take charge in the short term, there must be a wide-ranging, high volume close above $28.3k. In that case, BTC may rise to $30k in a possible trend continuation formation from an effort versus result perspective anchoring on the May 28 bull bar. That prices are in range within the wide-ranging bull bar is critical for buyers, supporting this outlook. Conversely, this would change should BTC prices unexpectedly crash below $26.5k, reversing gains of May 28. What to Expect from #BTC? As it is, there is a chance of an uptrend unless there is a breakout below $25.8k, canceling out buyers of the recent weeks. That event would mean the recent sideways movement was a distribution, paving the way for losses toward $22.5k or worse. A relief rally above $28.3k and $30k may be the base for a recovery that could retest $31k. Resistance level to watch: $28.3k Support level to watch: $26.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
2
Bitcoin will go down by 🗻Triple🗻 Top🗻 Pattern(Short term)Bitcoin has formed a 🗻🗻🗻 Triple Top Pattern 🗻🗻🗻 near the 🔴resistance zone($ 27,240-$ 26,160)🔴, and a long-bodied red candle has broken the neckline. Bitcoin is currently completing a pullback to the neckline. I expect Bitcoin to go down to at least the 🎯target 🎯 I marked on the chart. 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
16
Bitcoin Soaking Sell Pressure; Will BTC Break Above $28.3k?Past Performance of Bitcoin Bitcoin prices are higher when writing, soaking selling pressure from yesterday. It remains to be seen whether prices will float higher. Sellers have the upper hand if prices stay below the $28.3k reaction level. Based on this formation, traders should wait for a clear trend definition, aware that gains above $28.3k and ideally $30k on the upper hand and $25.8k on the lower end could shape the medium-term trend. Bitcoin Technical Analysis Overall, there is a glimmer of hope for bulls since the immediate trend is, after all, bullish from a top-down preview. The current trend is defined by the buying trend from March to April. Therefore, Bitcoin bulls have a chance only once there is a comprehensive close above the liquidation zone at $30k and $31k. The $28.3k level is the initial trigger that may anchor the leg up toward April highs. However, considering the failure of bulls to press on and comprehensively reverse recent losses, there is a chance that BTC may collapse below the clear support level of May despite today’s gains. Therefore, conservative traders can steer clear and wait for a breakout before initiating trades. Any loss below May lows could see BTC drop to as low as $22.5k What to Expect from BTC? The path of least resistance is upwards, from a top-down preview. An optimistic outlook shows that a close above $28.3k will confirm buyers of May 28, possibly setting up buyers for the next leg up to $30k in a mini-rally, an opportunity for aggressive buyers. This will be canceled once sellers breach May 2023 lows. Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Bears Resilient, BTC On The Loss As Gains ReversedPast Performance of Bitcoin Bitcoin prices are lower when writing, dropping from yesterday's lows as gains of May 28 are strongly reversed. Even though the upside remains, at least from a top-down preview, the loss below FWB:27K should be a concern for holders. For now, conservative traders should track how today's close will be. If it closes below FWB:27K , the odds of further dips toward $25.8k will be increased. #Bitcoin Technical Analysis At spot rates, BTC remains inside a broad trade range. On the upper end, resistance is at $30k and $31k. Meanwhile, support is at $25.8k on the lower end. As prices oscillate, the BTC price action is in a trading range. However, the primary trend remains to be upward from a top-down preview. Based on this, risk-on traders can wait for a conclusive close below $25.8k before loading, aware that any gains above $28.3k and $30k nullifies this preview, allowing buyers to resume their uptrend and mirroring March to April trade range. What to Expect From #BTC? As bears press on, BTC will likely drop lower towards the primary support range, mirroring losses of mid-April. How prices react at this level will determine the short to medium-term trajectory. A sharp breakout below $25.8k may trigger a sell-off pushing BTC toward $22.5k Resistance level to watch: $28.3k Support level to watch: $25.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Bitcoin Analyze (Road Map, 05/31/2023)!!!🗺️(1-hour time frame)Bitcoin is still moving in the descending channel. Also, Bitcoin is moving in its main bearish wave 3. I showed you the 🗺️Bitcoin roadmap🗺️ in 1-hour time frame using Elliott wave theory. 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
16
#Bitcoin Slips But is Bullish, BTC Have a Chance to $31k?Past Performance of Bitcoin Bitcoin prices are down but firm when writing. Although there has been no confirmation of recent gains, bulls have been holding on, keeping prices within the May 28 range. Moreover, the immediate trend is bullish, with the wide engulfing bullish bar of the weekend shaping the current trend. As it is, BTC has resistance at around $28.3k with support at $27k. #Bitcoin Technical Analysis The revival of BTC prices means the coin is in a broader consolidation in a bullish path defined by gains from mid-March 2023. Technically, buyers are confident, and this formation remains, especially if there is a follow-through of the May 28 gains. A bullish bar breaking above $28.3k may lift BTC towards $30k and later FWB:31K in a bullish continuation formation to the upper range of the current consolidation. In this case, this could confirm that the recent drawdown was a retest of February highs. Therefore, at spot rates, aggressive traders may load on dips above FWB:27K , expecting more gains. Conversely, any unexpected drop below $25.8k cancels this preview from an effort-versus-result perspective, swinging price action back in favor of sellers. What to Expect from #BTC? BTC is under pressure but bullish inside the May 28 bar. Overall, the coin is in a sideways consolidation favoring buyers from a top-down preview. If prices are above $25.8k, marking May 2023 lows, the upside remains, and price action will stay in a bull flag. Resistance level to watch: $28.3k Support level to watch: FWB:27K Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin- Which way?After it found strong support under 26k, tapping twice in this zone, Bitcoin started a leg up and reached a high at 28500. Currently, the price is consolidating these gains and has two evident levels for traders to watch. The old resistance, now support at 27500, with a clear drop under exposing the recent low and keeping BTC under the falling trend line and under pressure. The recent high which coincides with the falling trend line, with a break above possibly leading to 30k in the near future.
BITSTAMP:BTCUSD
by Mihai_Iacob
3