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Bitcoin Scenarios for the Future Hours🧐👋Hi, everyone. 🌐Today, I want to explain to you the possible scenarios for Bitcoin; during the last week and the beginning of the new year 2024 , Bitcoin has been affected by the News , and we have seen Pumps and even Dumps , so before the SEC decision In the case of Bitcoin ETFs , it is better to trade a little more carefully . That's why I didn't consider Short or Long labels for this post. 🌐In general, ➕ Positive News ➕ about the approval of ETFs outweighs the ➖ Negative News ➖. 📚This positive news caused the Fear & Greed Index to re-enter the Extreme Greed zone(76) for the first time in 2/5 years . Of course, maybe you are Greedy too😊. 📈We can use technical analysis tools to analyze Bitcoin in the current situation to help us predict the future of Bitcoin. ⚔️Bitcoin is attacking the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 for the second time . 🏃‍♂️If we look at the Bitcoin chart in the 1-hour time frame , we will find that Bitcoin has been moving in the Ascending Channel(Black) for about 7 days . However, on the daily time frame , Bitcoin is moving in an Ascending channel(Blue) . 💡In terms of divergence, Regular Divergence(RD-) can be seen between successive peaks of Bitcoin, but Bitcoin has already proven that this type of Divergence is definitely NOT the reason for a return , and at least we can understand that soon Bitcoin will enter a correction ( it is likely that Bitcoin will still With these divergences, the price will increase by about 20% . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed one of its impulsive/correction waves above the lines of ascending channels and 🟡 Potential Reversal Zone(PRZ)($48,180-$47,250) 🟡. ⚠️I have two scenarios for the waves that I will share with you after the approval/disapproval of Bitcoin ETFs ⚠️. 💡Before concluding, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) charts. 🔸 Market Cap BTC Dominance% (BTC.D%) : After the positive news about Bitcoin ETFs , investors started investing more in Bitcoin, causing BTC.D% to go up for days. Currently, BTC.D% is moving in the 🟡 Potential Reversal Zone(PRZ) 🟡and near the Resistance line , and I expect this investor greed to end in the 🟡 Potential Reversal Zone(PRZ) 🟡 or 🔴 Heavy Resistance Zone(60%-%57) 🔴. Then, we will see a decrease in the strength of Bitcoin in the cryptocurrency market. We can see this decrease in the strength of Bitcoin after the final news of the SEC subsides. 💡 Tip : Until the return of BTC.D% is confirmed, it is better to invest less in Altcoins. 👇 🔸 Market Cap USDT Dominance% (USDT.D%) : USDT.D% is moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢, and it is attacking this zone for the first time, I expect that even if bitcoin ETFs are confirmed, USDT.D% will NOT break the🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line at least for this attack and at least until the 🔴 Resistance zone(6.70%-6.30%) 🔴 starts to increase, because there is a possibility that even after the approval of Bitcoin ETFs, the cryptocurrency market will enter a correction. 👇 🔔As a result, I expect Bitcoin to fall to the Fibonacci levels I marked on my chart in the coming hours ahead of the SEC approval/disapproval of Bitcoin ETFs . If it is confirmed , it will attack the upper lines of the ascending channels and 🟡PRZ🟡, and if it is not confirmed or even postponed in the vote, Bitcoin will lose the 🟢 Support zone($44,800-$44,160) 🟢 and ascending channel(Black) . ❤️In the end, here is some advice for you as a little brother: 🔸TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments. 🔸If you have any comments, please share them with respect. 🔸No analysis is 100%, so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself. 🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment; check their past, and the truth will be clear(These days they are hot). 🔸I hope we can use TradingView to increase our capital and knowledge. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
25
BITCOIN ETF APPROVED!! Aggressive rally to $120k possible?Exactly a year ago (January 18 2023) we posted our last Fibonacci MAs study and called for a calculated rally while the rice was still at 20k: It is now time to expand on our original idea and update it using the Mayer Multiple Bands. Basically, as you can see on the chart below, the Mayer MA helped us on June 17 2022 identify the Bottom Phase on the 1W MA300: On the current analysis the 1W MA300 is portrayed by the blue trend-line but our focus has shifted to the black trend-line (Mayer Multiple Mean), which just broke emphatically this week. As you can see, when BTC has broken above this level since November 2015 (green circles), it starts aggressive rallies (lowest of those 3 has been the April - June 2019 of +180%). The dashed curve represents the Bull Cycle Rally phases and if the +180% mininum black trend-line rise is repeated, expect at least $120000 as the current Cycle High. It might be less aggressive than the previous ones (Theory of Diminishing Returns and Cycle lengthening) but it should hit at least the orange trend-line (2nd upper SD) as it has always done in the past. But what do you think? Are we going to see such a strong rally now that the Mayer Multiple Mean has been broken? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
7
🗺️Bitcoin Roadmap🗺️(15-minute time frame➡️RR>3.00)🏃‍♂️Bitcoin is moving near the 🔴 Resistance zone($44,800-$44,160) 🔴 and Inside the Ascending Channel . 🌊According to Elliot's wave theory , wave 3 ended near 50_SMA(Daily) , and now we have to wait for the confirmation of the end of wave 4 . 🌊It seems that the structure of wave 4 is the Double Three Correction(WXY) . 🌊With a lower line of ascending channel broken , we can confirm the end of wave 4 . 🔔After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the 🟢 Support zone($40,900-$40,200) 🟢 and complete wave 5 ( wave 5 can even be truncated) . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
67
BITCOIN Formed the first 1W Golden Cross in history!Bitcoin (BTCUSD) completed with last week's candle a Golden Cross on the 1W time-frame, its first ever in history! That alone is a monumental development, as the Golden Cross pattern is a powerful technical formation, especially on stable long-term time-frames such as the 1W. Apart from the technicalities, this pattern becomes even more important considering the fact that it was formed only three days before the all important decision of the U.S. Securities and Exchange Commission regarding the approval of a Bitcoin ETF. On the current analysis we decide it would be productive to maintain a long-term perspective on BTC and interpret the Golden Cross and the potential ETF approval on a macro Cyclical scale. As you can see, we are on that certain level during each Cycle when the Parabolic Rally is about to take off. Principally, there is nothing that can hold BTC back, especially after Halving 4 this April and every pull-back on the dotted trend-line is technically a long-term buy entry. But what do you think? Is this first ever 1W Golden Cross along with a potential ETF approval really what Bitcoin needs to take off and approach the All Time High? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
10
BITCOIN Is a potential ETF approval already priced in?It has been almost 3 months since Cointelegraph's fake ETF approval tweet (October 16 2023), which was basically the start of a medium-term mid-Cycle parabolic rally for Bitcoin (BTCUSD) that saw it grow by +69.10% this week. Yesterday we got the first serious signs of exhaustion as the 1D candle made contact with the 1D MA50 (blue trend-line) for the first time since October 12 2023. That was also at the bottom (Higher Lows trend-line) of the long-term Channel Up pattern. Both (1D MA50 and Channel Up) held, which keeps the trend bullish for now. ** Is the ETF priced in ahead of SEC? ** Only days before the Securities and Exchange Commission's (SEC) deadline regarding its decision, the real question is, has a potential Bitcoin ETF approval already priced in on this enormous mid-Cycle rally? ** Buy the rumor, sell the news? ** Indeed that was a significant move, especially considering the fact that it took place months before the next Halving (number 4, expected this April), which is the fundamentals event that provides a supply shock in the market. Nobody knows for sure how the market will react to a potential ETF approval next week but we have seen the old 'Buy the rumor, sell the news' approach one too many times happening in situations like this. ** Next Halving is the benchmark ** It wouldn't be surprising to see a correction towards April's Halving and then accumulation towards the Bull Cycle's 1 year rally. Purely from a technical point of view, which is the only hard data we have at hand to work with, a 1D MA50/ Channel Down break downwards can start a technical correction towards the lower Fibonacci retracement levels and the long-term Moving Averages. ** Fibonacci targets and the 1W MA50 ** The first level to test would be the 0.382 Fibonacci around 37500 and then the 0.5 Fib around 35350. If the correction takes place gradually in a controlled manner and not aggressively, we can see a 1D MA200 (orange trend-line) contact by then. A more aggressive possibility can see BTC test the 0.618 Fib and the 1W MA50 (red trend-line) a little lower, which is the natural long-term Support during Bull Cycles and is currently intact (the 1W MA50) since March 13 2023. ** Bearish Divergence ** In addition to the above technical realities, we shouldn't ignore the 1D RSI, which has been on Lower Highs since October 25 2023, i.e. peaked 9 days after Cointelegraph's fake ETF tweet, trading within a Falling Wedge pattern, which with regards to the price's Channel Up, is a Bearish Divergence. But what do you think? Is a potential ETF approval already priced in, and if yes how low do you expect the price to fall? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
10
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰📈Today I want to show you all the Resistance/Support lines and areas that we should consider for Bitcoin analysis and trading . 💡Bitcoin with the announcement of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC , and the listing of ARK 21Shares spot ETF in DTCC broker started to rise from the 🟢 Support zone($40,900_$40,200) 🟢 to the 🔴 Resistance zone($43,500_$42,800) 🔴. 💡Bitcoin is currently in a sensitive area , so that it seems to have succeeded in breaking the 🔴 Resistance zone($43,500_$42,800) 🔴. On the other hand, there are Resistance lines and 🟡 Price Reversal Zones (PRZs) 🟡above the current price of Bitcoin. 🧐So now that Bitcoin is in a sensitive area, we should use other technical analysis tools such as Elliott Wave Theory . 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the correction structure of Double Three Correction(WXY) . In such a way that the main wave W and Y have a Zigzag(ABC/5-3-5) correction structure, so it can be said that the correction structure is Double Zigzag Correction(WXY) , which is a special type of Double Three Correction. 💡Another thing to keep in mind is that I expect the DXY index to go up and have a negative effect on Bitcoin due to the correlation(-0.60) between Bitcoin and the DXY index . On the other hand, it is very likely that in the coming week, the Gold chart will also have a downward trend (Gold has a Correlation of 0.51 with Bitcoin at the moment), so Gold can also have a negative effect on Bitcoin. 💡Also, we can see Strong Regular Divergence(RD-) between two Consecutive Peaks . 🔔As a result, I expect Bitcoin to Fall to at least the Support line(1) in the coming days 🚦Since Volume Trading is usually low on Saturdays and Sundays , perhaps the decline of Bitcoin will be a little delayed . 📚Regarding the possibility that the spot Bitcoin ETF will be approved around January 10 , I can say that I think the market is currently full of news about this issue and we saw its effect on the chart weeks ago, so I think Bitcoin can still be corrected until it really is. Let confirmation spot Bitcoin ETF come so we can see another exciting movement in the crypto market. ❗️⚠️Note⚠️❗️: If BTC can touch $44,800, Bullish Scenario will be active == Next 🎯Target🎯 ==🟡 Price Reversal Zones (PRZ(1)) 🟡. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
59
🗺️Bitcoin Roadmap🗺️(🥳Happy New Year 2024🥳)🥳 Congratulate to everyone on the year 2️⃣0️⃣2️⃣4️⃣. 🙏I hope the new year is full of good things for you , your family , and your friends . 💸My wish for you is health first , success in business and personal life in the next step, and a pocket/wallet full of dollars . 🚀Bitcoin made good growth at the start of the New year(2024) , and one of the main reasons for its growth is the possibility of approving the Bitcoin ETF on Tuesday and Wednesday . (It reminds me of the " Buy the rumor, Sell the news " correction). 🏃‍♂️Bitcoin is currently moving near the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . 🌊Regarding Elliott wave theory , Bitcoin seems to complete microwave 3 of the main wave 5 . 🔔I expect Bitcoin to drop to the 🟢Support zone($44,800-$44,170)🟢 after the completion of microwave 3 of the main wave 5 and then start to rise again to the end of main wave 5 (zone/$48,200-$46,620) . 🎉 In the end, I hope you have a Nice Holiday. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
29
Bitcoin's key breakout levels and what's next! Jan 2nd 2024 Bitcoin just broke the key resistance level of the mid 44k's establishing a new high of 21 month since April 2022. The red circles on the chart indicate key breakout levels. 1) June 2023 the price rose above 26,800 with a daily candle close. 2) October 2023 the price rose above 31,400 with a daily candle close. 3) Jan 2024 the price rose above 44,700 with a daily candle close. The levels are key due to multiple tests to break above which failed every time, indicating price resistance. Once a resistance level is passed, the market searches for a new resistance. Next key technical levels to pass are - 45,800 50,800 54,400 The levels are based on horizontal support/resistance levels stretching back close to 2 years. Long-term connecting highs and lows show higher highs and higher lows since Jan 2023, With Bitcoin rising about 250% in the year passed. RSI shows the price action far from overbought and MACD shows convergence and momentum shift to upside that's fresh - Both indicators show clear "buy" signals as well as the technical breakout above 44,700. Speculations are that multiple BTC ETF's will be approved by SEC today. --------------------------------------------------------------------------------------------------- Do your own research! Trade with caution especially when trading leveraged products! This is not advice. This is pure market speculation. Thank you and happy new year everybody :)
BITSTAMP:BTCUSD
by Exactus
1
Happy New Year with BITCOIN breaking 45k!First and foremost allow me to wish everyone here in the TradingView community a Happy New Year and a prosperous 2024! What a better way to start the year than Bitcoin (BTCUSD) breaking above 45000 mark, a level it last visited on April 06 2022. Every Cycle can be seen trading within a Megaphone pattern with the parabolic rally illustrated by the dotted curves. Note that every time the price breaks above the 1W MA50 (blue trend-line), it holds it as Support (exception of course was the COVID crash). The 1W MA50 is now 30000, which means that technically any pull-back/ correction that takes place until the peak of this Cycle, shouldn't break below this level and practically dip buyers have a benchmark to work with. But what do you think? Are we about to witness an even more aggressive part of this new rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
9
Bitcoin Analysis✈️(Three Rising Valleys Pattern)✈️✅Bitcoin reacted well to 🟡 Price Reversal Zone(PRZ) 🟡, as I had expected in the previous post . 🔨Currently, Bitcoin has managed to break the Resistance lines and is completing a pullback to these lines. 🏃‍♂️Also, Bitcoin seems to be moving in an ascending channel , and inside this ascending channel , the Three Rising Valleys Pattern can be seen well. 🔔I expect Bitcoin to start rising from the bottom of the ascending channel and continue to rise at least until the upper resistance line or the upper line of the ascending channel . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
15
Bitcoin is Ready to Go 🚀UP🚀Again🚀Bitcoin started to rise near the 🟡 Price Reversal Zone(PRZ) 🟡. 🌊In terms of Elliott waves , a Zigzag(ABC/5-3-5) Correction in the 🟡 Price Reversal Zone(PRZ) 🟡 appears to have been completed . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to go UP to at least the 🎯 First Target 🎯 I marked on the chart after breaking the Resistance lines . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟡 Price Reversal Zone(PRZ) 🟡, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
38
BITCOIN The Ultimate Pitchfan Cycle AnalysisBitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle. There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so on the long-term Cyclical patterns, it displays as you can see a very accurate illustration of the Cycles and specifically the stage we are currently at. Every Resistance break-out usually takes place around the Halving event, which is the fundamental that typically signals the start of the rally to a new All Time High (ATH). The market is only 4 months away from this event and based on this every pull-back to the 1D MA50 is a buy opportunity to Dollar Cost Average (DCA). So what do you think? Do you expect a Bullish Break-out into the new Parabolic Rally soon? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
Bitcoin Analysis(🦀Bearish Deep Crab Harmonic Pattern🦀)🏃‍♂️Bitcoin is moving in the 🔴 Resistance zone($43,500_$42,800) 🔴 and near the Resistance line and inside the Ascending Channel . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing a Zigzag(ABC/5-3-5) correction in the ascending channel so that wave A has an Expanding Leading Diagonal . 💡Also, Bitcoin has managed to form a 🦀 Bearish Deep Crab Harmonic Pattern 🦀. 🔔I expect Bitcoin to start falling after breaking the lower line of the ascending channel . ❗️⚠️Note⚠️❗️: If Bitcoin breaks the Resistance line, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
32
BITCOIN Will it hit 48k before the New Year?Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line. Technically, the price action from December 08 until now is similar to that between November 09 - November 27. What followed after the (d) wave bottomed on the Higher Lows trend-line was a +21% rally. If the final sequence is repeated as well, we can expect the 48300 March 2022 High to get tested. But what do you think? Will that be the case and if so, do you expect 48k to get hit before January 01 2024? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
13
Bitcoin Analysis (↗️Long↗️/↘️Short↘️Position)🏃‍♂️After failing to break the Support line , Bitcoin started to rise and is currently moving in the 🟢 Support zone($42,780-$42,280) 🟢. 🌊In terms of Elliott waves , Bitcoin seems to be completing microwave 4 . 🌊The structure of microwave 4 is Double Three Correction(WXY) . 🔔I expect Bitcoin to rise to the upper areas of the 🔴 Resistance zone($43,720_$43,340) 🔴 and then start to decline again . 🧐 What was the reason for the growth of Bitcoin in the last 24 hours❗️❓ 🔸 The first news of the receipt of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC, which made many people hope for the approval of Bitcoin ETFs. 🔸But receiving the file does not mean approval and it is part of the standard process of reviewing ETFs by the US Securities and Exchange Commission (SEC). 🔸The second positive news is the listing of ARK 21Shares spot ETF in DTCC broker, which has caused this positive news to affect Bitcoin. ❗️⚠️Note⚠️❗️: The scenario will change if Bitcoin can close a candle in the 4-hour time frame above the Master Candle. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
30
Bitcoin Analysis 🕯(Master Candle)🕯👋Hi, I hope you have a great weekend. 📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will be. 📉Today, I want to analyze the Bitcoin daily candles for the last week , which, along with the previous analysis, may help us identify the Bitcoin trend . 🕯If you look closely at the candle from five days ago in the daily time frame , you will see a candle with a red body , long and high volume , which contains five candles so far. The name of this candle is Master Candle . 📚 What is Master Candle ❗️❓ 🔸 There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it. It can be applied to forex, gold, oil , crypto, stocks, and indices. 🔸 When a Master Candle forms, a trade is taken if the High/Low breaks , taken of course in the direction of the break. 💡Also, candles number 2 , 3, and 4 together and on the 🔴 Resistance zone($43,560-$42,780) 🔴 form the Evening ​​Star Candlestick Pattern , which is one of the bearish reversal patterns . 💡Another point that may give us more insight into the value of this Master Candle is that this Master Candle is the longest and most voluminous daily Bitcoin candle since Bitcoin started its rally at $25,000 , and the other point is that this Master Candle has appeared at the top of the ascending channel and near the 🔴 Resistance zone($51,500_$45,340) 🔴 and the Regular Divergence(RD-) between two consecutive peak s can be seen.👇 💡Finally, before making a better conclusion, let's take a look at the weekly candlestick . The weekly candlestick has also formed a Hanging Man Candlestick Pattern near the 🔴 Resistance zone($51,500_$45,340) 🔴 and above the ascending channel . Hanging Man Candlestick Pattern is a bearish reversal pattern .👇 🔔As a result, I expect Bitcoin to decline and at least fill the 🔵 CME Gap($40,325-$39,290) 🔵 before falling to the 🟢 Support zone($39,000-$37,000) 🟢, given the Master Candle's red body and other analyses I shared with you earlier. ❗️⚠️Note⚠️❗️: If Bitcoin can break the High($43,810) Master Candle upwards, we can expect Bitcoin to rise to the 🔴 Resistance zone($51,500_$45,340) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
38
🚨Bitcoin is Ready to Fill CME Gap🚨✅As I expected, Bitcoin touched the 🔴 Resistance zone($43,180-$42,820) 🔴 . 🌊According to Elliott's wave theory , Bitcoin is completing a corrective Zigzag(ABC/5-3-5) pattern. 🔔I expect Bitcoin to decrease to at least the Support line after completing the Zigzag correction structure, and if the support line breaks, we can expect 🔵 CME Gap($40,325-$39,290) 🔵 to fill. ❗️⚠️Note⚠️❗️: If BTC can break the $44,720 , the Scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
84
🚨The End of the Bitcoin Rally(💡Signs💡)🚨👋Hi, everyone. I hope you had a great weekend. 🧐Today, I decided to answer the question of whether Bitcoin has reached the end of the Bullish Rally or not ❗️❓ ⏰To answer the above question, it is better to look at the Bitcoin chart in the higher time frames, such as daily, 2-day, or weekly. 🌐Bitcoin started to increase after the confirmation of ETFs , but it seems that the result of the news should NOT help Bitcoin anymore, because the reality is that no money has entered the market through companies and we have to wait for the approval of ETFs and then their implementation phase. So it seems that the cryptocurrency market has increased well so far with this news, although when the entry of ETFs is done , we can see more growth of Bitcoin ( According to the news, the first ETF will be approved on January 8-10 ). 💡If we look at the 2-day chart of Bitcoin, we will realize that Bitcoin has been moving in an Ascending channel for more than a year . 💡Another interesting point is that the Pitchfork lines played the role of Support and Resistance very well on the Bitcoin chart so that every time a line breaks upwards, Bitcoin moves up to the upper bar. 🏃‍♂️Bitcoin is moving near the upper line of the Ascending Channel , one of the Pitchfork lines(0.618) , and the 🔴Resistance zone($51,500_$45,340)🔴 . 🌊In terms of Elliott wave theory , Bitcoin seems to have completed the second impulse wave 5 [ although I expected Bitcoin to touch the 🔴Resistance zone($51,500_$45,340)🔴] . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks. 💡If Bitcoin touches the price range of $34,000-$34,300 , a large amount of LONG positions are exposed to the risk of liquidation , which is unfortunately attractive for exchanges . 💡One thing that can be said about Volume Trading is that, in general, the Volume Trading in the second five impulse waves is much less than the first five impulses == Not a good sign for the continuation of the upward trend of Bitcoin. 💡Another sign that can confirm the decline of Bitcoin is the presence of 🔵 6 CME Gaps 🔵; according to my research, Bitcoin has never created more than 5-6 CME Gaps in one direction, and in the past, Bitcoin has either been in an upward trend or moved down and filled these CME Gaps. 💡In addition, Bitcoin's Dominance(BTC.D%) has approached the 🟡 Price Reversal Zone(PRZ) 🟡, which will indicate the decrease of Bitcoin's dominance in the Cryptocurrency market in the future.👇 🔔I expect that Bitcoin will NOT be able to go above $44,700 in the next days and will fall to the 🟢 Support zone($39,000-$37,000) 🟢 and fill the 🔵 first CME Gap($40,325-$39,290) 🔵 and then spend some time above the support zone. The news of the approval of the fund, if it happens in January, can give temporary growth to Bitcoin, but it seems that the correction will continue at least until the lower line of the ascending channel and the 🔵 Second CME Gap($34,295-$34,160) 🔵. ❗️⚠️Note⚠️❗️: I will try to update you in the lower time frame every day. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 2-Days 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 gladly 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
18
🗺️Bitcoin Roadmap🗺️👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy). ✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading volume was generally low . 🏃‍♂️Bitcoin is moving on Important Resistance lines , Monthly Resistance (3) . It is interesting to know that all previous stations were on monthly pivots in the last two to three days. 🌊According to Elliott's wave theory , Bitcoin is on its way to completing the main wave 5 . 🌊If we want to look more closely at the waves, Bitcoin is currently completing microwave 3 of the main wave 5 . 🌊 Microwave 4 of microwave 3 of main wave 5 can end on one of the 23.6%($42,730) and 38.2%($41,676) Fibonacci lines. 💡 On-chain data shows that many Bitcoins have been purchased in the range of $45,000 and that medium-term Bitcoin holders are at a loss until now. If the price reaches this area, it is possible that a large number of holders will want to sell their Bitcoins at Breakeven ! 🔔I expect Bitcoin to make the first attack on the 🔴 Heavy Resistance zone($52,130-$45,840) 🔴 to complete microwave 3 of the main wave 5 . It is also likely that the first 🔵 CME Gap($40,325-$39,290) 🔵 will be filled after completing the main wave 5 . 📚There are at least 🔵6 CME Gaps🔵 that Bitcoin has not yet filled; generally, over 98% of these gaps have been filled in Bitcoin. 📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios that you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario. ❤️In the end, here is some advice for you as a little brother: 🔸 TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments. 🔸If you have any comments, please share them with respect . 🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself. 🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment ; check their past, and the truth will be clear(These days they are hot). 🔸I hope we can use TradingView to increase our capital and knowledge . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly 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
60
BITCOIN Disturbing Puell trend-line calling for Cycle top?Bitcoin (BTCUSD) is trading within the 0.618 - 0.786 Fibonacci retracement levels which is the last Resistance Zone before it typically attempts a test of the All Time High (ATH) on each Bull Cycle. We have seen on previous analyses how the RSI is showing that this is a possible Mid-Cycle Resistance level where pull-backs towards the 1W MA50 (blue trend-line) occur. ** The Puell Multiple ** This time we are looking into the Puell Multiple and we are no strangers to it as it is the indicator that helped us buy with no fear on June 28 2021 (see chart below) when it hit the 0.30 - 0.40 Support Zone: ** Two Mid-Cycle rejections ** Just as the RSI, the 1W Puell Multiple is approaching the 2.40 Resistance, which has historically caused 3 rejections (December 28 2015, June 20 2016, June 24 2019), the two latter being Mid-Cycle pull-backs (blue circles). ** Can it be a Cycle Top? ** This indicator however displays a very disturbing structure, having the price entering the Lower Highs Zone since the June 06 2011 High. This Zone has priced all previous Cycle Tops (June 06 2011, December 02 2013, December 18 2017 and March 15 2021). ** What is it this time? ** The question is, what kind of top is it this time? Mid-Cycle or Cycle High? Even though all other key indicators show it's the former, we shouldn't take this Puell signal lightly. Technically, as long as the 1W MA50 holds, there is room for at least one more High and practically this potential pull-back is a buy opportunity. Will a potential ETF approval distort this cyclical pattern though? If not, what do you think, is this a Mid-Cycle top or full Cycle High? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
10
Bitcoin hits major Trendline ResistanceBitcoin has hit a major trendline resistance. The zone near 44200 will be very difficult zone for Bitcoin to cross. 39679 will be a good support and is proving so since three week. If 39679 is broken the next major support for Bitcoin will be near 35892. Major support zone for Bitcoin is between 30654 and 32232. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
by Happy_Candles_Investment
4
Bitcoin- Recent price action is suggesting 48k target The previous month proved highly favorable for BITSTAMP:BTCUSD bulls, witnessing a remarkable 25% surge in price and establishing a new local high above 44k. Following this upward move, a correction ensued, yet the price found solid support around the 40k zone. After this correction, BTCUSD's price entered a consolidation phase, and the range of this consolidation is gradually contracting, indicative of a symmetrical triangle continuation pattern. The target for this pattern is set at 48k, with confirmation contingent on a breakout above the 43,500 zone. I maintain a bullish outlook on Bitcoin, contingent on the price remaining above 40k in terms of daily close.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
1