Btcanalysis
Critical zone for Bitcoin – Pump or Dump!(Mid-term Analysis)Today, I want to analyze Bitcoin ( BINANCE:BTCUSDT ) on a weekly time frame so that you can take a mid-term view of BTC. On November 12, 2024 , I shared with you another weekly analysis in which we found the All-Time High(ATH) zone well.
Please stay with me.
Bitcoin has been on an upward trend for the past 27 months , increasing by about +600% . Have you been able to profit from this upward trend in Bitcoin?
During these 27 months , Bitcoin has had two significant corrections , the first correction -20% and the second correction -33% (interestingly, both corrections lasted about 5 months ).
Another thing we can understand from the two main corrections is that the second correction is bigger than the first correction , and since Bitcoin is currently in the third correction , we can expect the third correction to be either equal to the second correction or greater than the second correction . Of course, this is just an analysis that should be placed alongside the analyses below .
It seems that the start of Bitcoin's correction can be confirmed with the help of the Adam & Adam Double Top Pattern(AADT) . Bitcoin also created a fake breakout above the Resistance lines .
Educational tip : The Adam & Adam Double Top (AADT) is a bearish reversal pattern characterized by two sharp, ^-shaped peaks at nearly the same price level. It indicates strong resistance and a potential trend reversal once the price breaks below the neckline between the peaks.
Bitcoin appears to be completing a pullback to the broken neckline .
According to Elliott's Wave theory , Bitcoin seems to have completed its 5 impulse waves , and we should wait for corrective waves . It is a bit early to determine the structure of the corrective waves , but I think it will have a Zigzag Correction . The structure of the corrective waves depends on the news and events of the coming weeks and months.
I think the Potential Reversal Zone(PRZ) will be a very sensitive zone for Bitcoin.
I expect Bitcoin to start correcting again when it approaches $87,000 or $90,000 at most, and fills the CME Gap($86,400_$85,595) , and at least approaches the Heavy Support zone($73,800_$59,000) AFTER breaking the uptrend line .
In your opinion, has Bitcoin finished its correction or created an opportunity for us to escape again?
Note: If Bitcoin goes above $90,500, we should expect further increases and even make a new All-Time High(ATH).
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), Weekly time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
Where can Bitcoin turn bullish again? (2D)Before anything, pay attention to the timeframe of the analysis. This is a 2-day timeframe, so it will take time.
The green zone is where Bitcoin can start moving toward the specified targets. If the ATH is broken, Bitcoin could also move toward $120K and $140K. However, based on the chart, there is currently no certainty about Bitcoin’s final target.
Reaching the green zone may take more than 4 to 5 weeks.
We are looking for buy/long positions in the green zone.
A daily candle close below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Revisit to a BITCOIN idea posted in Mid March- TAKE OFF SOON ?
I first posted this idea on 19 March ( link at end of this post )
The idea is that because MACD on the weekly is still Falling bearish and is likely to remain doing so till at least Neutral is reached. This would Mean that PA had to Range in a region to allow that Drop
Things Excellerated though and that date of Mid Late April has now been pushed forward and Now, MACD reaches Neutral around 7th April - NEXT WEEK
Once MACD Neutral is reached, PA could rise with strength behind it....... This moment is getting nearer.... and so the original idea that this would happen over months got condensed in to Weeks and we now have DAYS to wait.
So, on the main chart, we wait to see if PA crosses that overhead resistance ealy next week
HOWEVER, we need to watch this Close as MACD could Drop below Neutral.
This would likely take PA down to that 618 retrace Fib line originaly arrowed.
Another thing backing a possible push is the BITCOIN DOMINACE cotined strength.
This, to the cost of the ALTS, has contained to rise and as long as it remains above that trend line, people shold buy BITCOIN more than ALTS.
It is that simple
So, lets see what happens next week. This cold be VERY GOOD
Bitcoin Faces a "Resistance Lines WALL" – Breakout or Breakdown?Bitcoin ( BINANCE:BTCUSDT ) started to rise as I expected in my previous post and hit all targets . Will Bitcoin continue the upward trend of the past two days!?
Please stay with me.
First of all, I have to say that Bitcoin is facing a Wall of Resistance lines ( intersection of at least 4 Resistance lines ). Do you think Bitcoin can easily break these resistance lines with a single attack?
Bitcoin is trading near the Resistance zone($87,520_$85,840) , Potential Reversal Zone(PRZ) , and a Series of Resistance lines .
In terms of the Elliott Wave theory , Bitcoin appears to have completed Corrective waves . The corrective wave structure in the Ascending Channel is a Double Three Correction(WXY) .
I expect Bitcoin to drop to $85,000 in the first step in the coming hours. The Second target is $84,333 , and if the Support zone($84,430_$83,170) is broken, we should wait for the CME Gap($80,760_$80,380) to fill.
Do you think Bitcoin can break the wall of the Resistance lines, or will it start declining again?
Note: Donald Trump's speeches over the next hours could also affect the market, so trade a little more cautiously during this hour.
Trump’s Speech & Potential Tariffs
In today’s speech, Trump is expected to discuss new tariffs on imports from China, Mexico, and Canada, possibly ranging from 20-25%. If confirmed, this could impact global markets, strengthen the USD, and increase economic uncertainty.
Note: If Bitcoin touches $89,000, we should most likely expect more pumping.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
Bitcoin Breaks Resistance – Bullish Flag in Play(Short-term)!!!Bitcoin ( BINANCE:BTCUSDT ) started to rise and pump after '' the Mastercard Plans to Enable 3.5 Billion Cardholders to Transact with Bitcoin and Crypto, " and the US indexes movements and managed to break the Resistance zone($84,380_$83,580) .
Bitcoin is moving near the Monthly Pivot Point and Support lines .
Bitcoin seems to be completing the Bullish Flag Pattern .
I expect Bitcoin to reach the Targets I have outlined on the chart in the coming hours and most likely fill the CME Gap($86,620_$86,565) .
There is a possibility that Bitcoin will fall again after this increase. What do you think!?
Note: The Crypto market is full of excitement. Please pay more attention to capital management than before.
Note: This analysis could be a short-term Roadmap for Bitcoin .
Note: If Bitcoin falls below $83,500, we should expect further declines, possibly heavy declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
BTC New Update (4H)This analysis is an update to the analysis you can see below in the "Related Analyses" section.
The price did not reach the Supply zone from our previous analysis. Instead, it formed a reversal pivot upon hitting a Supply.
Given that the larger structure is also bearish, we can look for sell/short positions in the Supply zone.
A daily candle closing above the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Bitcoin Daily HEADS UP - Nice start to Week But RESISTANCE NOW
The daily chart shows the line of resistance we now hit
This is the line that has rejected PA since january
It is Strong.
We May break through but we have to wait and see but it is certainly Wise to be prepared for rejection
Even more so when you look at the Apex we are coming to with in the next 7 days
PA ALWAYS REACTS BEFORE THE APEX
The Volume profile on the right suggests resistance overhead is strong but we do sit above the POC ( point of control )
All to play for this week and it coulf get emotional
And YES, that is a Fib circle we are hitting too
Double resistance could lead to a Drop in the near future and yet, it is also worth knowing that PA can pick an intersection of two lines of resistance to break through. Kind of 2 birds with one stone attitude.
We need to wait and see
What ever happens, I feel this week may be VERY interesting.
Enjoy
Bitcoin Monthly Candle close colour patterns since 2011We got the expected RED March close but it was a close thing.
but, this creates better Odds for a continued push to ATH.
We have had only 3 occasions when we had a Green Jan, Red Feb, Red March ( arrows)
2 of those went on to an ATH the following Year !
The other one was entering a Bear Market.
Of the previous 7 RED March Closes, 5 were followed by a Green April
And of those 5, 4 were followed by consecutive Green candles closes for the following Months.
As you can see, April, May and June do have more GREEN closes than Red on average but May and June is near 50/50
It could be said that March Candle close was a "Spinning Top", showing in-balance / indecision in the market. This is possibly driven by Macro events.
We had a similar situation in 2012 and April was Green, as were the following months.
We had 2 other occasions with small Red candle bodies in March, both were Hammer Candles, one inverted, that led to a red April, the other was not and let to a green April.
The March close we just had, had a Long Upper Wick. To me, this shows the BEARS had the upper hand, keeping driving down.
And thats OK, PA needed to reset but we now need a GREEN April
Statistically, April should close Green - We currently have a Score of 8 Green to 5 Red month closes for April.
April seems to have opened GREEN and I hope to see it close that colour though we do need Caution
Because of the Colour sequence over recent months, there are not many comparisons to use.
Bitcoin is so close to falling into a Bear, repeating Aug 2023First off, this maybe the last time I post this chart. Binance are Stopping USDT use from tomorrow morning. I have used this chart since around March 2020 and it is my most trusted,. A sad day for me. This chart saw me through Bulk Run, Deep Bear and now this Recovery and Bull run.
ANYWAY, the Arrow points towards a time in 2023 when we were so close to dropping into a Bear market for a number of reasons. Lets just say that Long Red Candle shoiwed a sudden weakening of Sentiment, A Lot of selling and confidence went.
It took a number of weeks for confidence to return.
And Now, we have a Similar thing. FEAR is high
AND I AM BUYING MORE BITCOIN - this is excellent...because when the price rises again, this maybe the last we see this price range.
We have Loads of support below.
It is that RED 236 Fib circle that is dragging PA down, as I mentioned last week. This and the Fact that the Weekly MACD is still falling Bearish
As you can see, the weekly MACD hits Neutral around 21 April, in 3 weeks time. It is from this point forwards that I believe we will see major shift's in Sentiment and PA action. Possibly earlier but maybe not strongly.
Also note how the Histogram is levelling out. We need to see a White candle in the coming weeks or we could be facing bigger issues maybe.
The Daily version of this same chart shows us very clearly where we are.
This is Great News. We have broken through that 236 Red Fib circle. It is now Support. though we are under a line of resistance. But we broke through that in the recent past.
I still think we will visit 78K again for a very short period of time. ( Hopefully, nothing is certain)
Currently, the shorter term charts show Support found on the 618 Fib retracement line. And we need to see if this holds
Over all, We are near the end of the first phase of this pause in Pushes higher. We have that wall at 109K to break through in the longer Term. Once Weekly MACD is on neutral, we will wait fo rthe daily to get there also and then we can push higher with Strength.
This push maynot be a single push. the Weight of BTC with its current price holds back the sprints to ATH we once saw.
Patience is a Virtue
HOLD and BUY MORE
$BTC multi-timeframe analysisCRYPTOCAP:BTC is currently at a critical juncture, with three distinct trends emerging on the same chart:
Weekly Bearish Downtrend (Green):
This 1W bearish channel remains intact. Despite bullish optimism, CRYPTOCAP:BTC has not broken out of this green channel, meaning we are technically still in a bearish trend.
Daily Recovery Bullish Uptrend (Red):
On the 1D timeframe, CRYPTOCAP:BTC has been following a recovery bullish channel. However, this channel is now colliding with the top of the bearish weekly channel, creating significant resistance.
Hourly Bearish Downtrend (Yellow):
A new bearish downtrend on the 1H timeframe has formed as a result of CRYPTOCAP:BTC failing to break through the top of the 1W green bearish falling wedge.
Potential Scenarios:
Bullish Scenario 1:
If CRYPTOCAP:BTC breaks through the $90k resistance level and exits the weekly bearish channel (green), it could signal a strong long position and confirm the end of the downtrend, marking a reversal.
Bearish Scenario 2:
If CRYPTOCAP:BTC continues to follow the yellow downtrend and breaks down through the red recovery channel, this would invalidate the recovery and indicate further downside potential.
Outlook and Timeframe:
In my bearish warning from February 2025, I projected the end of the bearish consolidation by May 2025. If the bearish Scenario 2 plays out, it will confirm that this early warning was once again accurate.
However, if CRYPTOCAP:BTC manages to pump above $90k and sustain this level for at least a week, it would signal an early consolidation (one month ahead of schedule) and suggest that we are out of trouble.
Conclusion:
Watch for a confirmed breakout or breakdown.
Patience is key; wait for confirmation before making significant moves.
As always, DYOR (Do Your Own Research).
FET ANALYSIS🔆 #FET Analysis : Breakdown
📊As we can see that #FET is following ascending channel on 4hr time frame. There is a breakdown in #FET and if it sustain this breakdown then we would see a dump first then a pump.
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#FET #Cryptocurrency #ChartPattern #DYOR
BTC/USDT Analysis: Buyers Have LostContrary to expectations and the defense of the local low, buying pressure failed to resume fully, leading to a decline.
Currently, we are approaching the buyer's zone at $84,400-$82,900 (accumulated volumes)—monitoring the reaction at this level is crucial.
From a wave analysis perspective, the local uptrend has been broken, and short positions are now the priority. A sell zone has formed above the current price at $86,000-$87,200, where we anticipate a continuation of the downward movement. Another short entry point would be a false breakout of the local high at $88,800.
Sell Zones:
$86,000-$87,200 (absorption of buyer's market aggression)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zones:
$84,400-$82,900 (accumulated volumes)
$77,000-$73,000 (volume anomalies, pushing volumes)
Bitcoin’s Next Move – Another Attack to Heavy Resistance Zone!!!Bitcoin ( BINANCE:BTCUSDT ) was successful in three moves , as I expected in my previous post . I still think Bitcoin will NOT stop trying to break the Heavy Resistance zone($93,300_$89,200) .
Bitcoin is moving near the Support zone($87,100_$85,800) and Cumulative Long Liquidation Leverage($86,376_$85,411) .
Regarding the Elliott Wave theory , Bitcoin appears to be completing microwave C of the main wave 4 . The structure of the main wave 4 is a Zigzag Correction(ABC/5-3-5) .
If we look at the USDT.D% ( CRYPTOCAP:USDT.D ) chart on the 4-hour time frame , USDT.D% is pulling back to the Uptrend line and is currently in the Resistance zone(5.30%-5.15%) . There is a possibility of completing the Bearish Flag Pattern .👇
I expect Bitcoin to rise again in the coming hours and attack the Heavy Resistance zone($93,300_$89,200) , Potential Reversal Zone(PRZ) , Resistance lines , Monthly Pivot Point , and 50_SMA(Daily) .
Note: If Bitcoin falls below $85,400, we can expect more dumps.
Market Developments:
GameStop announced BTC adoption as a treasury asset, signaling growing corporate interest.
Trump Media partnered with Crypto to launch crypto ETFs, adding institutional momentum.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
Bitcoin -potential to 91K, back to 78K wick to 73K and THEN -->>In this cycle, since the push up from the Low in Jan 2023, we have had 2 other Major pushes.
Each of these came off the Rising line of support that we are currently heading towards again, with the date of "Touch" currently in Mid June.
If we rise and stay back in the higher Range Box, that date is even later in the year ( around Mid Q4 )
As I have talked about many times, I am watching the MACD as the "trigger".
The chart below is the Weekly MACD
We reach Neutral , if we continue current rate of descent, around end of April
This is obviously before we would hit the line of support being talked about above.
That leaves 2 possibilities.
1) - MACD may drop below Neutral
2) - We may see a bounce from PA but NOT to a New ATH
If you look back at previous range we had in 2024, there was a bounce there.
See how the Histogram went White as we had that bounce
We Just had a white bar on the histogram .
Will we see another White bar next week and a further rise in PA
Top of current Range box in 91K - We could head to that again, Drop back to the Low around 78K and then we would be ready. This would be over the next 3 - 6 weeks
78K is the Price that touches that line of support the soonest, in early June
Why could we go back down?
For the reasons above regarding the MACD BUT ALSO ;-
There are things called FAIR VALUE GAPS (FVG)
. These gaps highlight market inefficiencies and potential trading opportunities, allowing traders to anticipate price movements and confirm trends.
That area just below Current PA on this weekly chart is the FVG that goes down to 73K
It is NOT guaranteed that PA will revisit that area but while we sit so close, the potential exists
But something to note, that could be benifical is that Should PA Drop to Fill that Gap, PA could hit that line of support earlier than Mid June..infact, it would be a month earlier and be in Mid May.
So, I can see the potential for a push higher in the near future, to extend MACD, then a drop back to the range Lows, a Sharp wick down to around 73K and THEN a sustained push higher...
This is just an idea.....No guarantees...But it does have Potential
We will see - Time will tell...........
BTC Is Still Bearish (4H)Given the structure formed at the price floor (3D), the mitigation of supply zones at the price ceiling, the sellers holding their ground, and the failure to clear key supply areas, the buyers who have pushed the price upward will likely turn into sellers around the red zone. This suggests that a significant drop is ahead.
In reality, the price reaching these levels has not accomplished anything substantial, as no critical zone has been cleared.
The target could be the green box.
Be cautious with your buy/long positions.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin’s Next Challenge – Can BTC Break the Heavy Resistance?Bitcoin ( BINANCE:BTCUSDT ) started to rise from the Support zone($84,120_$81,500) as I expected in the previous post . The question is, can Bitcoin break the Heavy Resistance zone($93,300_$89,200) and Resistance lines ?
Please stay with me.
Bitcoin appears to have broken through the Resistance zone($87,100_$85,800) and is preparing for its first attack on the Heavy Resistance zone($93,300_$89,200) .
In terms of waves, Bitcoin appears to be completing microwave 4 of microwave C of the main wave Y . The waves structure inside the Ascending Channel appears to be of the Double Three Correction(WXY) .
I expect Bitcoin to prepare for its first attack on the Heavy Resistance zone($93,300_$89,200), the upper line of the ascending channel , the monthly pivot point , 50_SMA(Daily) , and the Resistance lines after completing the pullback to the Resistance zone($87,100_$85,800 ) and fill first CME Gap($86,640_$86,520) . I think the Potential Reversal Zone(PRZ) could be the zone to start a new decline for Bitcoin.
I chose the label of this analysis ''SHORT'' because I think Bitcoin is in a bit of a risky zone for a LONG position, what do you think?
Note: If Bitcoin goes over $91,000, we can expect more pumps.
Note: If Bitcoin falls below $85,200 before hitting the Heavy Resistance zone($93,300_$89,200), we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
What will happen first? BTC to 67k or to 100K?Hey traders! Long time no see.
Looks like Trump and his team won’t be responsible for keeping the market healthy anymore—or maybe they just don’t care right now...
So let’s check some technicals and try to figure out what to expect next.
Not gonna lie, the picture isn’t looking too bright 🥹
Even though we’re moving up a bit, this price action feels more like a bearish flag—meaning we could be setting up for further downside (nervous laugh). Plus, that golden cross on the weekly chart isn’t giving bullish vibes, and volume is confirming our fears.
So… if this plays out, does that mean no bull season for now?
What do you think, guys? Any promising news out there?
Where are we with BITCOIN ? 4hour, Daily and Weekly charts tell I am hearing so many people shouting about "This is it, we are on the way"
It may turn out to be right BUT for me, It seems people are looking at the smaller Time Frames only.
Sure, the main chart here is a 4 hour chart, has been climbing from around 76K ( Told you we would go there )
Looks Lovely and Bullish, though a return to 80K is very possible on the lower trend line
Lets Look at the Daily.
And there it is, Even though on a shorter Time Frame, we seem to be climbing, and we are, it is in fact, all with in a DESCENDING channel
But do not worry, a Bullish sign is that PA does appear to have broken over that Upper trend line of resistance.
We need to wait , probably till next week, to see if this remains Bullish or not.
It is Wise to take note of that Fib Circle that we are coming to in the next couple of weeks. If we get trough, we will hit resistance increasingly from 91K
And so now the weekly - this is a different chart to the Daily
The Bigger picture ALWAYS tells us the reality of the situation. and that is simply that PA is currently on a line of strong Local support (dashed line )
Should this fail, we have strong support below, all the way to 70K.
Be fully aware, this COULD FAIL. We are Mid channel, MACD is still falling Bearish and at current rate of descent, will arrive at Neutral near end of April
The Bullish note is we are still above the 2.272 Fib extension. Sentiment is rising, Selling is Slowing
So in conclusion, we are in a Good place.
PA is becoming stronger and we have support below and PA has remained in "channel" for 3 weeks.
That is NOT Bearish
But we are also NOT in a Bull Run yet.
But, for me, I think we are certainly getting ready/.
As I have said, April may see Volatility, March looks like it may Close GREEN but htis has a week to go yet...
Bullish Caution is what I say - And so expect anther Drop out of this rising channel.
It would present excellent Buying opportunity and reset MACD quicker.
Aere we en-route to the New ATH ? We are getting Near but I still say the stronger probability for The CYCLE TOP ATH that is Early Q4
BTCUSD – Rising Wedge Breakdown Setup | Short OpportunityBitcoin (BTCUSD) is trading inside a rising wedge pattern on the 4H chart—typically a bearish reversal structure. Price is currently hovering near the wedge resistance and a previous supply zone, presenting a clean short opportunity with solid risk-to-reward.
📊 Technical Breakdown
1. Rising Wedge Formation
The price action has formed a clear rising wedge, a pattern often associated with a bearish breakout.
Current price action shows momentum fading near the wedge top, aligning with historical resistance.
2. Key Sell Zone
The 88,600–89,000 region marks an ideal short-entry zone.
This overlaps with a prior consolidation/supply block and wedge resistance—making it a high confluence zone.
3. Bearish Target & Projection
Breakdown of wedge support could drive price down toward the target zone near 78,000, a potential -8.89% move.
This target zone acted as a strong demand area in mid-March and is likely to attract buy interest again.
📌 Trade Plan
Sell Entry: Around 88,600–89,000
Stop Loss: Above 92,923 (beyond wedge + supply zone)
Target: 78,000 zone, prior demand and technical projection
Risk-to-Reward: High conviction R:R setup with structured invalidation
⚠️ Watch for Confirmation
Ideal confirmation would be a strong bearish 4H candle below wedge support or bearish divergence on RSI/MACD.
Bitcoin Following 2013-2017 Fractal UPDATE 2We can see from the chart above that PA has now fallen below the Fractal for the first time since July 2023
This is itself was expected as we can see from previous posts on this Idea
PA was overbought and so HAS to cool off
However, we have targets as to when PA may try and recover.
initially, the circle in End of May was my expected "turn around" point
Things have progressed faster and so now, we have possibilities opening up for a move higher, sooner, maybe around end of April 2925
However until the weekly MACD is on Neutral, these would be short lived - hopefully.
For a sustainable move higher, PA needs to have the ability to maintain the push
the Weekly MACD shown above needs till end of April before any significant move can be maintained. PA has bounced of Neutral previously. But MACD can , obviously, Drop below this point, wait till May, or later, and move then.
For me, the line of the arrow higher is becoming the more realistic ideal path
But the longer we wait, the Steeper the rise has to be to maintain the idea of Cycle ATH in Q4, as per cycle trends.
And to conitnue to follow this Fractal.
The Time WILL come were we break away from this Fractal but as I have been saying for years, we are still on it......many things point towards that continuing.
But as I have mentioned in a post earlier today, These Trends may be changing.
Bitcoin is Maturing
All we can do is watch, react and learn
HAVE A PLAN FOR ALL OUTCOMES but also understand, the idea of Bitcoin collapsing is becoming more and more unrealistic...
The outlook is BULLISH noi matter what
I expect to remain on the fractal path till Next cycle ATH
Time will tell
Bitcoin’s Next Move – Another Attack on Resistance zone?Bitcoin ( BINANCE:BTCUSDT ) fell to $83,400 as I expected in the previous analysis , the question is whether Bitcoin will continue to decline or not.
Please stay with me.
Bitcoin is moving in the Support zone($84,120_$81,500) and near the Support lines . The way Bitcoin has moved and decreased since yesterday until now has been such that it seems that Bitcoin can attack the Resistance zone($87,100_$85,800) at least once more.
In terms of Elliott Wave theory , given Bitcoin’s movements over the past few hours, it appears that Bitcoin is completing a microwave B of the main wave Y .
I expect Bitcoin to be able to attack the Resistance zone($87,100_$85,800) once again and if it breaks, I have marked the next targets on the chart .
Do you think Bitcoin can touch $90,000 again?
Note: If Bitcoin goes below $81,800, we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.