Financial Wave. BTCWe are sticking to our main scenario in Bitcoin and expect a rise in wave (iii) with a target of $35346. A drop in price below $23614 cancels this scenario.
Bitcoinpricetrendanalysis
bitcoin predictionWhether up or down, there is a high probability of a significant price movement
breaking through the channel this time.
Therefore, chasing trades may be more favorable than counter-trend swing trades this time.
If it breaks below 25,400, go short.
If it breaks above 27,600, go long.
However, it is important not to forget to set a stop-loss immediately if it returns to the original price range.
BTC Head and Shoulders Break Target HitWith today's price action Bitcoin has come down to test the 25,300 level.
This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support.
As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before.
Hopefully BTC bounces here and continues higher, ideally getting through the $32 K level.
Past $32k to the upside, gives a clear path to FWB:48K to $50K, the Golden Pocket retrace of the market cycle high to low.
But there are a sizable order blocks above between FWB:29K and FWB:31K that will act as a formidable resistance area (not shown). So this is going to be interesting battle.
We still have an unfilled CME gap around $20k also.
And there's a larger Head and Shoulders forming on the weekly chart, that if we lose the neckline support points to a re-test of the recent market cycle lows down to $16k.
Our indicators show that the bottom is in, but could still be re-tested.
But my bias for now is towards the upside.
What do you think?
Bitcoin At Key Support But Very Weak!Bitcoin finally hit 25.3K very close to the Fibonacci golden picket which is 25.1 but I dont think the sell is over, We might see a touch at 24.8 before any meaninful upward move to maybe 27K.
Bitcoin: looking pretty good!I'll be brief as always, as I don't want to bore you with my words, but I'd rather have you looking at the chart the way I look at it.
I am looking for further upside into wave 3 of (3) as we are at a pullback in wave 2 which I highlighted to be less deep than the one in the higher degree wave (2).
Always happy to take questions, trade safe!
Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k.
If Bitcoin seems to be pumping, you guys don't think the bullrun has started.
Because if we analyze the chart from the previous halving, Bitcoin looks like a dump.
This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition.
Only those who can wait should take this trade according to their financial condition.
Bitcoin's Evident Drop Unveiling a Clear 2.9% DeclineTechnical Analysis :
>We have an important level (represented by the red line) that has been broken on the 15-minute timeframe. This indicates a shift in demand towards the next zones, as illustrated by the yellow line as the initial target and the blue lines as anticipated targets. Additionally, we should keep an eye on another key level(blue line) that will be tested by the upcoming 1-hour candle.
BTC 40K !!! Breakout is about to happen and BTC may fly soon!Hello Everyone,
As you can see on the 2h chart, BTC is all set to give a breakout! The rally may lead BTC towards 32000 in the short term, and 40000 in the medium term!! I won't get surprised if BTC kisses 50000 again before 2023 ends!! Downside weakness is seen below 26000!!! But the current week's NFP data won't give any space, I guess!!
It's a great deal to cheer you up.If the demand test is successful, you can open a long trade on low or medium volumes. The goals are set according to the situation.
2650 is a great price to open a position.
Halving High Pressure Zone? 🙌🏻 This could be the answer 🤔 In this video we explain a new item we found in the chart which we call the "Halving High Pressure zone". As we approach the halving date there is ever increasing downwards pressure on the bitcoin price. After the halving, as we move away from the halving date this downwards pressure decreases which results in upwards price movement. Could this be half the answer to why mini-bull markets form? Check out this video. Thanks for watching!
Bitcoin, Full Chart Analysis It's not financial advice. it's just whatever I think we will see soon.
So just notice and think about it.
Are you ready? So, Let's go
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Hello Guys. new day, new analysis.
many of you sent me messages about counting BTC waves. and today I want to show you everything you need to know about Bitcoin.
I separated waves by different colors to understand where we were!
everything is clear.
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After finishing five waves we began correction waves. we know them as A, B, C
the A waves started from 69k has 5 microwaves.
The Second one is B and it has 3 microwaves.
and finally, we have a C wave that included 5 waves.
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At this time we are in the B wave and the market could go up to the 0.382-0.618 level of the Fibonacci Retracement of the A wave. After that, the C wave will begin.
as I told you before the C wave has 5 microwaves ad we expect the market to drop step by step.
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please write your comments below and tell me what you think.
Are you agree with me?
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Sincerely Yours
Bitcoin : make or breakStage : Stage 2 uptrend
Breakout date : 13.3.23
Breakout level : 25200
Volume : High
Bitcoin was in Stage 2 uptrend and is now going for retesting its breakout level next week.
New buy levels only above 31035 when it breakout with high volumes.
BTCUSDT - manipulation to come if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Bitcoin Trading Overview Hello! Today I would like to share my observations regarding the current situation with Bitcoin.
Currently, Bitcoin is trading within an ascending channel, which is a positive signal. Its current position in the middle of the channel may indicate that we can expect price fluctuations in the near future. However, it is important to note that we need to closely monitor the further price movement in order to determine the direction.
On the chart, I have marked several zones that may be significant. First and foremost, I anticipate that we may move towards the upper boundary of the ascending channel. If such a movement occurs, it could serve as a good signal to open positions in the direction of growth.
However, we should not rule out the possibility of the price dropping to the level of $23,000. If this happens, it could create an excellent opportunity to enter the market at a favorable price.
It is important to know your risks and always have a capital management strategy. Please note that these are just my thoughts and should not be considered as financial advice.
Bitcoin Came Down To 25.7K! Expect More Dump Or A Pull Back ?Bitcoin Went Down to 25.7 and bounced back up.These bounces usually have another leg down aiming to hit Longers StopLoss,If the SL hunt happens 25.1 could come.Otherwise we could retrace to ~26.3 then go to 28K supply zone( combined with our bold whiteline)
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Bitcoin Bull Market Fully Matures! Category 5 😮 What now?In this video we examine what happens after a Bitcoin bull market fully matures and stabilizes. We also explore the relationship between the timing of bull market maturity and the future halving price, and how this relationship may affect the price action moving forward. Thanks for watching!
Bitcoin showing a low risk opportunity2h time frame
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Bitcoin dumping rapidly and creating a descending wedge currently.
We can set SL a little bit lower than previous(26700), and aim at 30800 if this pattern continues to work.
This trade has great RR, do not miss it!
BTC Macro Bullish/Bearish StructuresAs you can see from the main chart, we have been trading in an upwards parallel channel from the time we made a bottom at 15K. Market Structure remains bullish as long as PA remains in this structure, but the upward channel is a bearish pattern which tends to break to the downside. So, keep an eye on the lower channel a break below that on Daily timeframe will confirm the downtrend.
But below we also have two massive bullish structures:
This is a parallel channel to the facing down, which indicates Bearish Market Structure on Macro scale, but is a bullish pattern which tends to break to the upside any closure above this channel on Daily is Macro bullish for BTC.
Following is what we get when we combine both the channels shown above:
We are at a remarkably interesting location, right at the intersection of the top of the downward channel and bottom of the upward channel. A major decision is about to me made about BTC's near future.
Following is another bullish structure for BTC on macro. We are looking at inverse Head and shoulders. Highlighted in the yellow box is the neckline of the structure which can be tested if BTC is to break below the triangle on Daily. If the BOX is held as support, it's very bullish for BTC and we can resume the uptrend towards mid 30Ks to 40K.
The Yellow BOX target also agrees with the Targets I put forward in a previous post using Gaussian Channels. So, it's a high probability zone for bottom formation. Link to the previous post attached below:
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Keep learning and Happy trading All.
Bitcoin Price Analysis: Potential Volatility SpikeHello dear TradingView community, it's Vestinda back again with an insightful analysis of Bitcoin's price movement.
Today, we will delve into the current market conditions and identify key signals that may lead to an upcoming volatility spike. As always, our analysis aims to provide you with a positive and professional perspective on Bitcoin's price action.
Price Structure and Triangle Pattern:
On the daily timeframe , we can observe a fascinating price structure taking the form of a triangle. This pattern has been gradually forming, with the price converging towards the apex. Triangles are widely regarded as neutral price patterns, indicating that a breakout can occur in either direction. As traders, we must acknowledge the balanced nature of this pattern, assigning an equal probability of around 50% for both upward and downward breakouts.
MACD Indicator:
To gain further insights, let's turn our attention to the monthly timeframe and examine the Moving Average Convergence Divergence ( MACD ) indicator. Remarkably, this indicator is on the verge of a bullish crossover this month. The imminent bullish signal boosts the likelihood of an upward breakout from the triangle pattern. Considering this development, we can assign a conservative estimate of a 20% chance for an upward breakout, emphasizing the potential for positive price movement.
RSI Indicator:
Additionally, we have analyzed the 8-hour timeframe and closely observed the Relative Strength Index ( RSI ) indicator. It is noteworthy that the RSI perfectly mirrors the triangular shape of the price pattern. Such synchronization between price action and the RSI strongly suggests an increased probability of a volatility spike in the near future. This alignment provides further evidence to support the notion of an imminent breakout.
Risk Management:
While the prospects of Bitcoin's price movement appear promising, it is crucial to approach trading with a cautious mindset and implement effective risk management strategies. By setting appropriate stop-loss protections and managing risk, you can safeguard your capital and navigate the market confidently.
Target Zones:
Identifying potential target zones is essential for devising effective trading strategies. Currently, the significant support and resistance zones are situated between $22,000 — $ 24,000, and $ 32,000 — $ 34,000, respectively. These zones have historically displayed notable price reactions, making them crucial areas to monitor closely.
Bitcoin's price analysis reveals a compelling narrative of an impending volatility spike.
The triangle pattern, coupled with the MACD indicator's potential bullish crossover on the monthly timeframe, provides a positive outlook for Bitcoin's price.
Additionally, the RSI indicator's correlation with the triangular shape further strengthens the case for increased volatility.
However, it is imperative to exercise caution, employ risk management measures, and monitor critical support and resistance zones.
By combining a positive mindset, professional analysis, and prudent trading practices, we can get impressive results!
Stay tuned for further updates, and happy trading!
biggest short setup of ur life Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
IMPORTANT! Bitcoin Long-term Price Projection Update!I have officially decided to update our long-term price projection for Bitcoin. A major key change is the elimination of the mini-bull market. Instead we are expecting the current bull market to develop into a major bull market. There is also a very high likelihood that this will be the only bull market for the 4th cycle. In this video we partially stepped outside of The Crypto Weather Channel world to explain our reasoning behind these changes. Thanks for watching!
BITCOIN LONGBitcoin is expected to push up high above the $35,000 direction this week or by the end of next week. Although that is not the main target as this is a very volatile market.. watch closely. $65,000 incoming...
btc near major resistance zoonHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Now major supports are:
A. 26000$ daily support
B. 23500$ major Fibonacci support levels
major Resistances are:
A. 30000$ Channel retest of breakout
B. 32000$ major Daily resistance
