Bitcoin Analysis==>> Breaking Downtrend lineBitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) .
I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks .
Note: If Bitcoin goes below $57,000 , we should wait for Bitcoin to fall to $55,000 (at least).
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.
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Btcanalysis
Keep Calm And Trade BitcoinIt would be relevant and popular to type a scenario called "if" with forecasts to buy, sell and hold in one article. However, I tend to be as objective and useful as possible, because I believe that if we hold and speculate on our popularity, this can continue until the last market maker is left without his commission and lead to a dead line of existentialism. Especially since, while some if buy, others if sell and else if hedge. In general, I do not see the point in two or even three way forecasts for all occasions, so that you can always tell your subscribers: "Look in my feed history! — I told you..." (all the ways). I am convinced that in order to learn, you need to practice confident steps, then you will get irreplaceable experience and the opportunity, if necessary, to earn money without begging. Risk is a noble cause. It is important not to miss the moment here. Either way, you will have to make a choice, otherwise doubt will eat you up. So grab your space spoons and forks and have a hearty meal, the training simulator won't be returning to the ground until lunchtime.
I often observe fatal conclusions (probably from newbies) that if "bitcoin falls" so then it's forever, "it's all over". But what they won't understand is that always goods are bought and sold on the market? Otherwise the market doesn't exist. You simply can't afford to buy-buy-buy all the time, sometimes you have to sell. Otherwise, what's the point of all this? And Bitcoin is not Ethereum! Bitcoin is original blockchain core with limited emission! And look at all chart at least sometimes. Take a break. There are other areas for investment in life. You can buy a new laptop or surfboard, for example. You have to fix your profit from time to time.
Due to outside interference for the last four years, the price looks tired. Sooner or later, an exotic vacation of Bitcoin to at least 28k for a breather is inevitable, and then it returns to its mathematically lawful exponential level of ~100k by the end of next year. If your friends just bought Bitcoin, it does not mean that it will be worth a million next week, and they can sell it on the market and buy it again. Maybe they lack education in this area, help them. Think before you judge. Just free your mind to think differently from time to time.
As much as we would like it, the rocket is not fly into space this year. And the events do not matter for the mathematical regularity of the original blockchain. Yes, there is a tendency for shortages (deficit), but what will you do with Bitcoin if not sell at the real price now and buy it profitably later? Do not stand still, use the market to dream. There is a lot of liquidity in the support zone. The exponential trend is constant, but we will not fly into space at all, because there is nothing to do and under gravity we just build and fill up the supporting silicon mountains for our observatory to look at the stars. The original blockchain is the most stable algorithm for maintaining independence in a secure decentralized unity environment. And it is only a matter of time what the result of the infinity fraction with a limited denominator will be.
We are on the peak of the wave, the next part of Blockchain journey ahead. Now put the record on.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $61,953 resistance holding strong, previous 1D closed following up to the bearish engulfing from Wednesday, $58,290 current support in effect, RSI on 4H improving, on 1D RSI looks fine, unable to hold $58,882 support, $62,580 $63,544 $64,344 next resistance areas to watch.
What to expect in coming days, is 52k legit?We all know BTC made a 30% dump and is still finding its way to go up. A weekly candle was gorgeous, but it doesn't mean we will see huge green candles right away. I am still in a short position and will consider closing my trade at those green-marked lines. To do that BINANCE:BTCUSDT must close a candle below 57.6k in the 4H timeframe. Remember, BTC can reach 49k which is the latest lowest point, and if BTC can close a candle below 49k in a weekly timeframe will create creating opportunity to go further down to 40k maybe even more. So as long as it is above 50k we have a chance to go up and look for entries.
Bitcoin Analysis==>> Death Cross HappenedBitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel .
Finally, the Death Cross Sell Signal was seen yesterday.
Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day .
Also, we can see the Regular Divergence(RD-) between Price and Volume .
I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140) .
Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000.
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.
Bitcoin Analysis | Follow-Up: Key Level & Potential TradeIn this video, I present a follow-up to my previous Bitcoin analysis, diving deep into a crucial key level. I’ll outline a potential trade scenario that could develop in the coming days and discuss why this setup is particularly interesting to me. I also explain which trading setup I prefer and why it’s the best fit for my strategy.
If you find this analysis helpful, please give it a like and share your thoughts in the comments. Your support motivates me to keep creating valuable content for you!
Bitcoin could drop under 50k once moreIn a recent post, I mentioned that Bitcoin could rise and potentially reach a new all-time high (ATH). However, for this to happen, the key support at 63,500 must hold.
At the beginning of the month, the NFP report led to a break below this support, causing the price to tumble below 50,000 in the days that followed. After a typical correction, the price climbed back above 60,000, but it was unable to reclaim the broken support level, indicating that further losses could be on the horizon.
My strategy is to sell any rallies near the 60,000 zone, targeting the recent low below 50,000.
Bitcoin Analysis==>>Last ChanceBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law . However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin seems to be completing the Triple Double Correction(WXYXZ) .
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern .
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
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.
BTCUSDT.4HToday, I’m examining the 4-hour chart of Bitcoin (BTC) against USDT on the Binance exchange. BTC is currently trading around $60,155.49, showing a marginal increase of $28.20 in the recent 4-hour period.
Key Resistance and Support Levels:
The chart illustrates a significant resistance at R1 ($69,107.72), a level that has not been breached recently, suggesting strong selling pressure beyond this point. On the downside, the main support level (S2) is positioned at $49,811.70. There is also an intermediate support level (S1) marked, which could provide temporary relief or halt further declines if tested.
Technical Indicators Analysis:
• MACD: The MACD line is close to the signal line but remains below it, indicating slight bearish momentum. However, the histogram is almost flat, suggesting a lack of strong momentum in either direction.
• RSI: The Relative Strength Index is at 57.57, which is near the neutral 50 mark. This suggests a balance between buying and selling pressures, with a slight tilt towards buying interest.
Analysis:
BTC’s current position near the middle of its recent range suggests a consolidation phase. The proximity to significant support and resistance levels, coupled with neutral indicators, implies uncertainty in the immediate direction. The market could be waiting for more decisive signals or external factors before making a significant move.
Conclusion and Trading Strategy:
Given the current setup, my strategy would be one of caution and readiness to act on clear signals. The approach would involve monitoring BTC closely for any significant changes in volume or sentiment that might push it towards testing the resistance at R1 or falling back to the support at S2. A breakout above R1 could signal a bullish trend continuation, potentially making a good buying opportunity, while a drop below S2 might suggest entering a short position or selling existing holdings. Setting stop-loss orders just below S1 and above R1 would be a prudent way to manage risks associated with unexpected market moves.
BTC To Touch $120k | What's Next? | #analysewithahadBTC on the weekly chart is forming cup & handle pattern, indicating a bullish sentiment on a longer timeframe.
Near about 15th November'21, BTC started to plummet from the high of $70k to the low of $15,476 on 21th November'22 - Aproximately, BTC took the whole year to fall and pivoted from there to make another high of $73,777 on 11th March'24.
BTC has ballooned by 352.45% pre-correction.
Now, the correction is looking healthy.
BTC, to rally again, need to break the resistance level at $72,774.
Once, it is broken with volumes, we might witness a healthy rally till $120K.
But, nothing can be said with respect to the time it will take.
Just wait and watch.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC As expected broke below $56,557 support yesterday, currently back above it, $54,363 support held, Could put bullish engulfing on current 1D candle, approaching $58,290 test, RSI on 1D progressive since yesterday, also looks good on 4H. Nest key resistance at $60,629.
BTC Update (4H)Bitcoin is constantly recording lower H's and L's.
Also, the structure of Bitcoin is also bearish in large time frames.
A lower L is expected to develop once again.
We are looking for buy/long positions in the demand range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin Analysis==>>Short-termBitcoin is moving near the Resistance zone($60,800-$56,700) and the Downtrend line .
According to the theory of Elliott Waves , Bitcoin seems to have completed the Double Three Correction(WXY) near the Resistance zone.
From a Classic Technical point of view, Bitcoin seems to have formed a Double Top Pattern .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to drop to at least $52,600 .
Bitcoin analysis on the daily time frame 👇
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.
BTCUSDT.1DIn my latest technical analysis of the Bitcoin (BTC/USDT) daily chart, I've identified several significant technical indicators and price levels that are crucial for understanding the potential future movements of Bitcoin. Notably, the Moving Average Convergence Divergence (MACD) shows a significant bearish divergence, as indicated by the substantial gap between the MACD line and the signal line. This suggests strong bearish momentum, which could mean further declines unless there's a positive crossover in the near future.
The Relative Strength Index (RSI) at 31.47 is hovering near the oversold territory, indicating that the selling pressure might be nearing its peak. An RSI below 30 typically suggests that the asset is oversold, which could potentially lead to a price rebound if buyers step back in.
Looking at the price action, Bitcoin has recently tested the support level at $49,565.4 (S1). This is a critical point; if it holds, it may serve as a springboard for a potential recovery towards resistance levels at $60,428.64 (R1) and possibly extending to $73,001.98 (R3) if a bullish trend resumes. The chart also depicts a scenario where Bitcoin might bounce between these levels, indicated by the green and red arrows representing potential bullish and bearish movements respectively.
However, it's crucial to consider that a break below the support at $49,565.4 could lead to a further drop towards the next significant support level at $38,706.45 (S2). Such a movement would likely confirm the continuation of the bearish trend, necessitating a cautious approach for traders.
In conclusion, Bitcoin's market is currently at a pivotal juncture. My strategy would involve closely monitoring the $49,565.4 support level. A confirmed bounce from this level could provide a buying opportunity, targeting the first resistance at $60,428.64. However, a break below this support would be a bearish signal, suggesting potential exits or short positions towards the lower support at $38,706.45. Traders should remain vigilant and responsive to price actions and key technical indicator signals.
Bitcoin Analysis==>>Death Cross!?The fall of Bitcoin in the last 3-4 days has shocked everyone, first, let's take a look at the reasons for this fall :
The publication of the US employment report and the increase in the unemployment rate to the highest level in the last 3 years .
Tensions in the Middle East , the possibility of a confrontation between Iran and Israel in the coming days.
Rumors of selling Jump Trading's assets .
The Nikkei index of the Japanese stock market today fell 3,595.30 units , equivalent to -10.01% , to experience the heaviest daily decline in its history since October 1987 .
The Cryptocurrency Fear and Greed Index hit its lowest level since early July , indicating panic in the market. However, I think the Fear and Greed index will enter the Extreme Fear zone in the coming days.
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Now, let's take a look at the Bitcoin chart on the daily time frame .
Bitcoin managed to break the Support zone($60,800-$56,700) which is shown on the chart with the Resistance zone. Also, Bitcoin has broken 200_SMA(Daily) , 100_SMA(Daily) , 200_SMA(Daily) and 21_SMA(Weekly) , which is NOT a good sign for BTC.
Most likely, the Death Cross Sell signal by Bitcoin will happen.
Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
From the point of view of Classic Technical Analysis , it seems that according to the momentum of Bitcoin's fall in the last 3-4 days, the continuing Descending Broadening Wedge pattern will fail, which could be a sign of the further fall of Bitcoin .
Looking at the USDT.D% chart , we can see that USDT.D% will probably increase again after a correction and attack the Resistance lines .👇
According to the explanation above, I expect Bitcoin to attack the Heavy Support zone($49,000-$38,500) again after the correction , probably near $59,000-$60,000. If the Support line is broken, we should expect Bitcoin to fall to $42,000-$43,000 .
Note: If Bitcoin can stabilize above the resistance zone, we can expect Bitcoin to rise again, but due to possible tensions that will happen in the Middle East in the coming days, this scenario is less likely to happen.
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.
Phemex Analysis #12: BTC Rebounds Strongly, What's Next?PHEMEX:BTCUSDT.P declined sharply yesterday to $48,814, then rebounded strongly to $56,234 (at the time of writing). This is a positive bullish sign, indicating strong underlying confidence in BTC and the potential for continued bullish momentum.
Let's break down potential BTC price scenarios for this week:
1. Continued Bullish Run: While unlikely given the recent sharp decline, a continued price increase is possible but likely unsustainable. After a significant drop, a consolidation phase is more common to accumulate buying power for a sustained upward trend.
2. Second 1-Day Low: The price may drop again, forming a second 1-day bottom around $50,000. This could be a higher low or a lower low with a higher RSI. This potential dip could present a buying opportunity.
3. Consolidation: The price might consolidate around the $55,000 level before determining the next direction. In this case, wait for a clear breakout with high volume before going long or short.
This analysis provides a potential outlook for Bitcoin's price movement. However, it is essential to conduct thorough research and consider multiple factors before making trading decisions.
Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly!
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Nose dived to $52,529 support! RSI on 1D and 4H both in oversold region awaiting sign of reversal. Last 4H close looks good, $56,557 key support to be regained which will resist, $50,552 next key support from here, and $48,362, $46,979 if drops further. No clear sign of reversal yet, watch given S/R
🗺️Bitcoin Roadmap🗺️🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement .
🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending channel has played the role of resistance and support well.
🏃♂️Bitcoin is moving near the ascending channel's midline , the pitchfork line , the Resistance lines , and the 🟡 Potential Reversal Zone(PRZ)($82,800-$73,200) 🟡➡️ So it shows that Bitcoin is facing an Important Resistance(Supply zone).
⚖️If we look at the chart, it looks like we can expect similar moves before the 2020 Halving . Move 1 is similar to move 3 , and moves 2 and 4 are similar, so if we want to expect similar moves, Bitcoin should start correcting . And until the 38.2% and 50% Fibonacci corrections (we should NOT consider the decrease of Bitcoin in Covid ). I have drawn the possible move for you in the chart below.👇
🌊According to the theory of Elliott waves , Bitcoin can follow two scenarios, and it depends on future events and news . The scenario is as follows:
🚀 Bullish scenario ( more likely due to Halving, ETF, etc ): Bitcoin has completed the main wave 3 at $73,777, and we should wait for the start of the main wave 4 and then increase towards $87,000-$99,000-$112,000 .
🚨 Bearish Scenario : Bitcoin has finished the main wave C at $73,777 (or a little higher), and in case of breaking the 🟢 Heavy Support zone($50,000-$38,500) 🟢, we should wait for Bitcoin to fall (the fall can continue up to 😱 $18,000 😱). Of course, according to the current market conditions, this scenario is somewhat unlikely, but it is still possible, if Bitcoin goes above $77,000 , this scenario will be removed in general .
💡If we look at the RSI indicator in the weekly time frame , we can see that it seems that the RSI has succeeded in forming a Rising Wedge pattern , which can correct the upcoming correction of Bitcoin.
💡In the 1-hour time frame , Bitcoin has formed an Ascending Broadening Wedge pattern , which can be a sign to start the correction of Bitcoin .
🔔According to the above explanation , we can conclude that Bitcoin correction can start soon ; Bitcoin can have a correction to 🟢 Heavy Support zone($50,000-$38,500) 🟢 and then we have to wait for the next movement of Bitcoin( Re-pumping is more likely ).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Weekly 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.
Bitcoin can Go Up Temporary!!!==>>Short termBitcoin and other tokens faced a sharp drop in price following unfavorable US economic reports and the possibility of tension between Iran and Israel .
Bitcoin fell below $60,000 for the first time in recent weeks. The publication of the US employment report and the increase in the unemployment rate to the highest level in the last 3 years have been the main factors of this fall in previous days. The withdrawal of capital from Bitcoin ETFs and failure to maintain key support zones also fueled this downward trend, and strong selling pressure in the market also provided the conditions for further price reduction.
First of all, I must say that this analysis is short-term , and Bitcoin's trend can continue to be bearish if it does not stabilize above the 21_SMA(Weekly) .
Bitcoin is currently moving in a Heavy Support zone($61,760-$58,400) .
According to the theory of Elliott waves , it seems that a 5th downward wave has been completed and we should wait for corrective waves .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to rise to at least $61,900 .
Note: Because the tension in the Middle East is increasing, especially after 20:30 UTC, try to keep an eye on long positions and make sure not to forget capital management and Stop Loss(SL).
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.
Bitcoin Analysis==>>Fifth Attack to Resistance linesBitcoin is currently moving near important Resistance lines and a Potential Reversal Zone(PRZ) . This is the fifth time that Bitcoin has attacked important Resistance lines .
I expect Bitcoin NOT to break the Resistance lines for the first time in the 5th attack .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
Also, I expect that Bitcoin will at least fill the first CME Gap($68,700-$68,270) , and if the Uptrend line breaks, we can expect Bitcoin to go down to the Support line and possibly fill the second CME Gap($66,350-$65,835) as well.
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.