BTC Update (4H)This analysis is an update of the analysis you see in the "related ideas" section.
After the rejection of the price from the supply determined from the previous analysis, the final price reached our demand range.
Bitcoin has reacted to this area. The price is expected to reach higher areas.
We are long on BTC with low volume.
At the top of the chart, we have a liquidity pool that is our target.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Btcanalysis
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again.
According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) .
In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern .
We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 .
I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) .
Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least).
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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin is Ready to PumpBitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel .
According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel .
I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel .
Note: If Bitcoin goes below the Resistance zone($55,720-$54,550), we should expect Bitcoin to dump to $51,000(at least).
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 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 Bounces Back: Bullish Pin Bar Signals Potential Upside On Friday, following the release of the NFP data, Bitcoin experienced a sharp drop. However, by the end of the day, the price failed to gain further downside momentum, and instead of continuing lower to test the support of the flag formation (where Bitcoin has been trading for the past six months), it reversed to the upside.
Moreover, yesterday, Bitcoin formed a Bullish Pin Bar on the daily chart, signaling a potential higher low. At the time of writing, Bitcoin is trading at $58,200, just below a local resistance zone, with a good chance of breaking higher.
The next key levels for bulls to watch are the 61k resistance zone, followed by the significant confluence area at 65k. As long as Bitcoin stays above yesterday’s low, the bullish outlook remains intact.
BTCUSDT: IDEA THAT MIGHT RESONATE SOONHello All,
Welcome to the quick update of BTCUSDT . We have seen BTC touch the levels of $ 52500 and retrace a bit until $ 58000 but couldn't hold it.
We can see it dumping and is currently trading around $56100.
The next levels to watch out for are $54700 and $53800 . If this holds, we can see BTC pump again and might make a new high in a few months.
Support levels: $54700. $53900, $49600 in the long run.
Resistance levels: $58027, $61100, $64000, and $72000 in the long run.
Let's wait and see how this pans out. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES !!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
ScramblerG is always there to help and trade with caution but DYOR.
Bitcoin is Ready to Attack to Resistance zone==>>Short termBitcoin is currently moving in the Resistance zone($55,720-$54,550) .
According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) .
Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern .
I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle .
If you want to know more about Bitcoin, please look at the below post:
Note: If Bitcoin breaks the uptrend line, we can expect more dumps.
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.
$BTC Short-Term UpdateCRYPTOCAP:BTC #BTC $56,557 support regained and again testing it! Failed to follow thru on bullish engulfing on 4H, bearish engulfing forming on 1D, RSI on 1D and 4H also suggesting a dip shortly, $54,363 remains support in effect here which could be testing if bearish engulfing on 1D played out. $58,882 support needed to reattempt at $61,953.
BTC Crash coming to 49k -> Buy the Dip for All time HighsBTC Trade Idea
I expect BTC to hit the GETTEX:49K level, potentially dipping slightly lower as it fills a weekly Fair Value Gap (FVG). This zone will act as a key reversal point, where I anticipate a strong bounce and eventual rally back toward the all-time high (ATH).
I’ll also show confluence with the XRP chart, which is presenting a similar bullish structure, reinforcing the idea of a market-wide reversal at these levels. Stay tuned for the full technical breakdown!
$IBIT Gap Filled As Forecast (New Leading Bitcoin Indicator?)Proof that this works?
So far it's 100% accurate.
Every single 'Gap' on the NASDAQ:IBIT 4-Hour chart has filled.
Refer back to my prior videos showing this, and while this does NOT mean it will continue to work forever... It's certainly a curious anomoly.
And likely works based on the same principals as the CME gaps which typically fill 99% of the time (There's still an unfilled gap on the Bitcoin CME at $9750 as I recall). But who's counting.
Going forward, I'll be using this as an additional guide to where price may be heading and potentially reversing to, before resuming trent.
Like and share this with your other trader friends, as this has been very interesting to monitor!
Bitcoin Roadmap!!!Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600) .
From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Reversal Pattern , and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin .
From the point of view of Elliott wave theory , Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5) , which was the end of wave C , $55,600 .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
A head and shoulders pattern could form , causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible 👇
I expect Bitcoin to move according to the movements I have outlined in the chart .
Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).
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 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 15MIN Bullish candle BCZ of positive newsEmployment change in USA was better than expected 142K &
Unemployment rate was as expected 4.2 %
**************MAY BE BULLISH WEEKEND**************
************* NOTE**************
USA CPI will be announced on WED September 11, 2024
**************************************************************************
BINANCE:BTCUSDT
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**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR ****
#bitcoin
#BTC
#BTCUSDT
BTC Potential 1.5 R Trade1. Market Structure:
- MSS (Market Structure Shift): The chart indicates a shift in market structure (MSS) at the marked point. This typically indicates a potential change in the market's direction, possibly from bearish to bullish or vice versa.
2. Liquidity Zones:
- Liquidity: There is a horizontal line labeled "Liquidity" at a higher price level. This suggests that the trader is eyeing a potential price movement towards this area where liquidity might be resting, which could be targeted by large market players.
- Ext. Liquidity (External Liquidity): The area at the bottom (marked as "Ext. Liquidity") could represent an area of interest where sell-side liquidity might be present. This is possibly a support zone where the price may reverse after liquidity is taken.
3. Entry Zone:
- The chart highlights a gray shaded area (just above the external liquidity) as an "Entry" zone. This is where the trader plans to enter a long position, expecting the price to rise from this support level.
4. Target Zone:
- Take Profit (TP) Level: The target zone is marked with a blue rectangle, stretching to the liquidity level. This area indicates where the trader expects to exit the trade, anticipating that the price will reach this higher level of liquidity.
5. Risk-Reward Consideration:
- The trade setup suggests a favorable risk-to-reward ratio, as the entry is near a support level with the expectation of a significant price movement toward the upper liquidity area.
6. Time Frame and Context:
- The 4-hour time frame suggests this is a medium-term trade, potentially taking a few days to play out. The context of the larger downtrend (visible on the left side of the chart) implies that the trader might be looking for a corrective move upward or a reversal after a significant downtrend.
Bitcoin Analysis==>> Reversal Patterns==>UP/UP/UPBitcoin is moving near the Support zone($58,000-$56,600) .
Regarding Classic Technical Analysis , Bitcoin seems to have succeeded in breaking the upper line of the Falling Wedge Pattern . It is also possible to form the Inverse Head and Shoulders pattern .
Regarding Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . This wave is part of Corrective Waves .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to go UP to at least the target of the Falling Wedge Pattern .
My previous post titled " Bitcoin Analysis==>> Pumping Again==>>Short term
" is still valid
Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $55,000(at least).
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 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 Daily UpdateCRYPTOCAP:BTC #BTC As expected testing $56,557 support, Next key support at $54,364, Failed to follow up on bullish engulfing on 1D which was pretty clear yesterday. RSI on 4H almost in oversold region, $58,882 will resist, $61,953 key resistance. $52,529 next key support after $54,364.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Last 4h closed with bearish pin bar, testing $58,882 support with potential of follow thru to previous bearish close on current 4H, on the other hand 1D closed with bullish engulfing but considering current volume and everything seems tough for it to follow up, $58,290 next support area and key support at $56,557.
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart;
Bitcoin chart in its simplest and broadest form. 3 months.
What do you see?
Let me make my own interpretation first, then share your thoughts.
In 2022, it went to the IMB region, took its support and made its current peak.
The breakout was MSS because it closed above it while doing so. This is an uptrend signal.
And again it visited the IMB zone for support.
This candle is a June candle, so the next candle opening will be in October.
I hope this is clear enough for those who say there will be no more bulls.
Bitcoin 2020 vs. 2024 - Lows and the Anticipated Bull MarketThis chart draws a parallel between Bitcoin's price action in 2020 (left) and the current trajectory in 2024 (right). On the left, we observe the pivotal lows formed around the $6,000 - $7,000 range in 2020, which set the stage for the subsequent bull market.
A similar pattern is emerging in 2024, with the price consolidating and finding support around the $50,000 - $60,000 range.
In 2020, Bitcoin broke out of a consolidation phase, igniting a powerful bull run that saw prices surge past $20,000. This breakout is mirrored in the 2024 chart, where a similar breakout seems imminent, suggesting a strong upward movement could follow.
The similarities between the two periods are striking, with both showing a strong accumulation phase (highlighted in grey) followed by a breakout above key resistance levels (marked by blue lines). If history repeats itself, we expect a significant bull market to start in 2025, potentially leading to new all-time highs.
Investors should keep a close eye on the $70,000 resistance. A breakout above this level could confirm the beginning of the next bull cycle, echoing the powerful rally we saw in 2020.
Bitcoin Analysis==>Bearish Deep Crab Harmonic PatternAs I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different .
Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) .
Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the Resistance line and the Resistance zone .
According to Elliott's wave theory , Bitcoin is completing corrective waves after completing five bearish waves .
I expect Bitcoin to drop to at least $59,400 after breaking the Support line , and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200) .
Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.
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 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 Analysis==>> Attack to Resistance zoneBitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) .
One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to attack again the Resistance zone($58,500-$57,000) .
Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600.
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 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.