Bitcoin Analysis==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) .
I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel .
Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900)
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
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Btc-bitcoin
Weekly Cup and Handle Targeting 124kJust noticed this, no drawing here - TradingView's built-in cup and handle indicator is drawing a bullish cup/handle on the weekly Bitcoin chart, targeting 124k approx.
Neckline is around 67k, which should be our next target if Bitcoin can hold a local support level between 60-62.5k and not lose 56.5k on the weekly.
Here's what that looks like on the linear chart, chart above is log:
Good luck!
BTC Weekly ReviewMonday
- AMD (Accumulation, Manipulation, Distribution): The week starts with a classic AMD setup. Price begins with accumulation in a range, leading to manipulation and eventual distribution later in the week.
- Accumulation Zone: During Monday, BTC consolidates in an accumulation zone, moving sideways before a larger move.
- London High (0415): The London session’s high is marked, showing where the market hits a peak during the early session.
- Turtle Soup (1030): A Turtle Soup pattern appears on Tuesday at 1030, indicating a reversal after a false breakout. This is a liquidity-taking strategy.
Tuesday - Wednesday
- Sunday High: The chart references the high from Sunday as an important level of resistance.
- Wednesday Continuation: Price continues the trend from Tuesday into Wednesday, following a bullish expansion.
- Expansion: After the Monday-Tuesday accumulation, price breaks upward in an expansion phase, forming a new high.
- 0930 Turtle Soup: Another Turtle Soup setup appears at 0930 on Wednesday, signaling a short-term reversal before the price continues its uptrend.
Wednesday
- BISI (Buy-Side Imbalance): There’s an imbalance in the market, where buy-side liquidity is dominant, causing price to react and continue its upward momentum.
- Failed MSS (Market Structure Shift): A potential market structure shift happens but fails to break down, and the market continues moving higher.
- Accumulation Below Opening Price: On Wednesday, BTC accumulates below the opening price, indicating a potential bullish breakout later in the day.
- MSS (Market Structure Shift) at 1330: A market structure shift occurs at 1330, breaking previous highs/lows to indicate potential trend changes.
- NY Session Low: The low of the New York session is highlighted as a key level of support.
---
Thursday
- Failed Market Structure Shift: Another failed market structure shift, where the market attempts to break lower but holds support.
- 1000 Turtle Soup: A Turtle Soup pattern appears near the week’s end, signaling another reversal after liquidity is taken.
- Price Continuation: The chart indicates the price stabilizes after these setups, moving into a tight range toward the end of the week.
Key Concepts Used
- Turtle Soup: This pattern represents liquidity grabs where the price hunts stops before reversing.
- AMD (Accumulation, Manipulation, Distribution): The market follows the classic cycle of accumulating orders, manipulating retail traders, and finally distributing.
- MSS (Market Structure Shift): These shifts signal potential reversals when a key high or low is breached, but not all follow through.
This analysis highlights the cyclical nature of the market, showcasing accumulation zones, liquidity hunts, and trend continuations. Traders can use this framework to predict market behavior and structure their trades accordingly.
BITCOIN BULLISH TO $77,000 (UPDATE)Price of BTC turning bearish. A lot of choppy price action so I'm looking for price to drop & to fill the imbalance. In the process price should still drop towards our grey, supply zone.
Once price taps in and ONLY if I see a clear 3 Sub-Wave (A,B,C) move, I will look to open buy positions.
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line.
Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again.
Next, BTC continued to grow and later reached resistance line of triangle, after which started to decline.
In a short time, price fell to support area, thereby exiting from triangle and starting to grow in rising channel.
In channel, Bitcoin rose to $63700 resistance level, where at the moment continues to trades very close.
Possibly, price can make a small movement below and then bounce up to $67600, breaking resistance level.
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ETH BUY NOW!ETH/USDT Analysis: 4-Hour Timeframe 📊
The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators.
🟢 BUY NOW
🔴 September 25, 2024 - Sell Date (Red Line):
This date suggests a potential local top for Ethereum, indicating an opportunity to take profits or close long positions as the price could potentially reverse downward after this point.
🟢 September 30, 2024 - Buy Date (Green Line):
This date forecasts a potential local bottom for Ethereum, signaling an ideal time to accumulate ETH or enter long positions before a potential upward price movement.
🟢 October 4, 2024 - Buy Date (Green Line):
This date predicts another local bottom, offering another buying opportunity as ETH’s price could rise after this period.
🕒 Note: All times are based on Los Angeles time (UTC -7). Please allow for a potential margin of error of 1-2 candles for each prediction. Be sure to cross-reference with additional indicators and market context before making trading decisions.
HelenP. I Bitcoin can correct to support zone and then bounce upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to support 1, which coincided with the support zone, and soon broke this level and continued to fall. In a short time it declined to support 2, which coincided with one more support zone, some time traded near and later dropped to the trend line, breaking support 2 too. Next, the price started to grow near the trend line and quickly rose back to support 2, broke it, and then made correction. After this BTC rose almost to support 1, but then it turned around and declined below the trend line. Soon, the price rose back and continued to move up between the trend line and later reached support 1. Later BTC broke support 1 and even rose higher than the support zone and now continues to move up. For this case, I expect that BTCUSDT will correct to the support zone and then continue to move up, therefore I set my goal at 65000 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin's Path Toward $65k After Key Resistance Break-high riskhello guys.
as I said before:
Head and Shoulders pattern completed: A clear inverse head and shoulders pattern has formed, signaling a bullish reversal. The breakout above the neckline confirms this bullish structure.
Breakout confirmed: Bitcoin broke past the previous resistance at $62,300, which now acts as a strong support level. The price retested this zone, reinforcing the breakout.
Upward momentum: The trend shows higher highs and higher lows, suggesting continued bullish momentum in the short term.
Next target at $65,000: The next major resistance is around $65,000, which could serve as a key psychological barrier.
Potential consolidation: A consolidation or retest of the $62,300 level is possible before a move higher.
High risk: Despite the bullish structure, the risk of this position is extremely high. The market remains volatile, and failure to maintain the $62,300 support could lead to sharp declines. Traders should exercise caution.
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Bitcoin to 68kFor 6 months Bitcoin has been in a downtrend making consecutive lower highs
Price stalls above $60,000, and if we get any pullback, I believe the support level that has to hold is $61,300
On the 4-hour timeframe, we can see how price consolidated and deviated below this 4-hour consolidation range. Now, price is trading back above this level
If we can manage to hold 61k, I'm expecting an expansion toward 68k to 71.8k area taking those liquidity resting above.
Bitcoin monthly OBs hold the rangeis this the range until after the halving event?
We have a monthly OB defending the low
We have a monthly OB defending the mid (currently. broken up from)
and we have dual monthly OBs at the high
at the moment there is a high probability the halving event is a sell the news but will bitcoin ever see lower than 35k again?
the arrow is not necessarily the direction im aiming however i do expect a break up from this range in the future rather than a breakdown.
35k line in the sand
hold 45k and the consolidation could be even tighter
upwards expansion from 60k is inevitable
2.2T mcap pullback, 10T mcap the next high - i dont make the rules ;-)
Bitcoin's Rally Toward $62,000hello guys.
Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend.
Breakout Above the Neckline: The price has broken above the neckline, which confirms the reversal pattern. This is typically a strong bullish signal indicating further upward momentum.
Engulfing Pattern: An Engulfing pattern at the right shoulder supports the bullish case, suggesting the buyers are gaining control, pushing the price higher.
Next Target: The projected target for this breakout is $62,000, which is indicated on the chart. This would be the next key resistance level where traders might take profits or reassess positions.
Pullback Potential: There is also a possibility of a minor pullback to retest the breakout area (around $58,500), which would act as support before continuing upward.
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FED Cutting Interest Rates Is NOT BullishAs of this week the FED has announced that they will be slashing the FED funds rates by 50bps (0.50%). Contrary to popular belief, this is not necessarily bullish. Actually, the last three times that they did it was an indicator that a bear market was coming.
As seen on the lower chart, once the FED cuts the rates, it has often signaled a stock market crash in the not so distant future.
Do you think a stock market crash is coming? Share your thoughts🙏
(BTC) bitcoin "BB Trend - long range view"Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what does it mean is a good question to try to answer. There are too many indicators and all of them cannot be laid on top of one another to see one giant indicator mess while trying to discover the hidden gem of the chart.
(BTC) bitcoin "miners make less money -- work harder"Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving should mean miners make less money and therefore have to work harder to make the same amount of money they were making the four years previously. Miners have to adapt and adjust to the new progress sheets earning less money for the same amount of work as before.
The graph chart indicator appears to show the blue line rising over all over moving average lines. This is a good sign that needs to happen to allocate all moving average lines into an order to represent the pattern where Bitcoin's price increases strongly from retail traders interests. The blue line rose above the other MA lines in July but did not commit and failed to see a complete flip of all MA lines. The line formation is tighter now so it is possible the strength is better this time around despite the price slowly falling month to month since the halving.
My Bollinger Band trend graph indicator shows BTC still in the red based on slower incremental movements.
Bitcoin - Time to buy again!BINANCE:BTCUSDT
Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone.
Analysis Summary:
Current Situation:
Bitcoin is struggling to break the important $61,000 level. This level is crucial for further upward movement.
Potential Scenarios:
If Bitcoin successfully surpasses the $61,000 level, it could indicate a bullish trend continuation.
Failure to break this level might lead to a consolidation phase or a potential bearish reversal, especially if it falls below the support level at $51K.
Conclusion:
The chart combines multiple technical analysis tools to provide a comprehensive view of Bitcoin’s potential price movements. Traders will be watching the $61,000 level closely, as breaking it could signal a strong bullish trend, while failing to do so might lead to a bearish scenario.
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Bitcoin can continue to decline inside range to 54800 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after which it turned around and started to grow. In a short time price rose to a resistance level, which coincided with the seller zone, breaking the 53300 level one more time. BTC some time traded near the resistance level and then fell to the support line of the triangle and then quickly rose to the resistance line of this pattern, breaking the resistance level. But then the price made impulse down, thereby exiting from the triangle pattern and breaking the 61200 level too. Also, BTC started to trades inside the range, where it declined to support level, which coincided with the buyer zone and at once rebounded up. A not long time ago price reached a resistance level and soon rolled down, and now it declining. So, for this case, I think that the price can rise to the resistance level and then continue to fall to almost the support level. That's why I set my TP at 54800 points. Please share this idea with your friends and click Boost 🚀
Bitcoin Analysis==>> Pump to $59,000==> Short termBitcoin is currently moving in the Support zone($55,780-$54,550) near the Support lines and 100_SMA(4H-TF) .
According to Elliott's wave theory , Bitcoin is completing microwave 5 of the main wave 5 .
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect Bitcoin to rise to at least $59,000 after breaking the Resistance line .
Note: We can expect more dumps if Bitcoin breaks the Support zone($55,780-$54,550).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.