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.
Bitcoinanalysis
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.
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.
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.
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.
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.
#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: $22.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin Analyze (Road Map, 06/10/2023)!!!🗺️(4-hour time frame)Bitcoin has been moving in a descending channel for about two months⏰.
In terms of the structure of Elliott waves , it seems that the waves in the descending channel are forming a Double Three Correction structure(WXY) .
Currently, Bitcoin seems to be completing microwave B of the main wave Y.
I expect Bitcoin to retrace itself to the top of the ascending channel and then attack the 🟢 heavy support zone ($ 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.
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.
BITCOIN to find support at 25kAs the downmove from the 31k top seems to be a corrective move, being three wave structured, I am looking for a potential ending diagonal in wave {c} of 2. If I am correct we should briefly break the 25300 low, find support around 25k and then resume higher.
Feel free to ask me questions and trade safe!
#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.
#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.
Bitcoin held very well. Reversal could be nextBitcoin held its ground very well through Binance and Coinbase problems.
As we know, more often than not, when bad news is not affecting an asset and don't lead to a technical break, the asset is reversing to the upside and this also could be the case for BTC.
From a strictly technical perspective, 25k is strong confluence support, given by the trend line started at the beginning of the year and the horizontal level.
Also, the recent drop from 30k is corrective and a falling wedge.
Thant being said, BTC back above 27k would confirm the bullish outlook and could lead to a retest of the recent high or even a new one around 35k
#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: $25.3k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰).
First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰.
In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 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.
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.
#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: $25.8k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin will go UP by Falling Wedge & Ascending Triangle(15-Min)Bitcoin managed to form Falling Wedge and Ascending Triangle patterns .
Currently, Bitcoin managed to break the upper line of the Ascending Triangle.
I expect Bitcoin to go up to the 🔴 resistance zone($ 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.
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.
#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.
#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: $26.5k
Disclaimer: Opinions expressed are not investment advice. Do your research.
BITCOIN Next Days/Weeks Happy Thursday Traders & Investors
Let's look at a couple of likely scenarios for Bitcoin and the key levels to keep an eye on:
Option A:
Bitcoin lays right on the riffled support line of the current downtrend, and could bounce to test the area around 28.500$ 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 ✌🧡📈