BTCBUSD
Fibo 618 retraced us back ?Hello Traders,
Just back to the chart and found that we retraced from the 0.618 level
SO ? From my P.O.V we are getting either a correction to 21700 or my last target at 19500 , or WE ENDED THE DOWNTREND upward CORRECTION TO GET FURTHER DOWN :)
Binance BTC chart Volume profile showed a good alignment with 0.382 Fibonacci level BUT I can't count it as a good support point to form a cluster, because you know about the fake volume happened because of 0% on BTC at binance
A bull back above 23300 with a 4h candle close I will jump back in!
I want to keep this chart here, Nothing to say more than get your profits and watch.
Notice that : BTC broke a mid-term downtrend.
Don't forget about FED..
I have a penalty of bear targets for altcoins that is still not reached :D
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)Bitcoin is making Double Zigzag Correction for completing the Point E of Expanding Triangle. Also, Bitcoin wants to make a similar movement these days.
I am expecting that bitcoin can not break the Heavy Resistance Zone according to Technical & Fundamental analysis (DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.).
🟢Support Zone🟢: 18980$ to 17620$
🔴Heavy Resistance Zone🔴: 24100$ to 22500$
If you want to look at Expanding Triangle 👇
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 be glad to see your ideas in this post.
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Bitcoin possible 3 scenarios. 18.07.2022For the short term i see those scenarios.
On the 4h timeframe price broke 200MA (red line) and currently trading above it. To follow Yellow and Orange scenarios Bitcoin must hold above 20k.
200MA on 4h timeframe was strong resistance since 10th of april and in my opition that's why it is important for now.
Current market structure is similar to bear flag so if there is final shake out most likely drops till 16k (red path).
If THE bottom already in then we can expect "yellow" and "orange" scenarios for near future.
Bitcoin Analyze (Expanding Triangle)!!!🧐If you want to know about the Bitcoin road map, please look at 👇
Bitcoin Analyze ( BTCUSDT ) Daily Timeframe⏰(Log Scale)
Bitcoin has been moving between Support and Resistance Zone for more than one month while making the Expanding Triangle, and I expect that we can find the Point E of this Triangle in the Heavy Resistance zone & probably in my TRZ.
If Bitcoin breaks the Heavy Resistance zone, then we can think about other scenarios.
In addition, still, we don't hear the good news in cryptocurrency markets (DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.).
🔆As a result: Technical analysis + Fundamental analysis = I don't think that Bitcoin can break the Heavy Resistance zone.🔆
🟢Support Zone🟢: 18980$ to 17620$
🔴Heavy Resistance Zone🔴: 24100$ to 22500$ (Cluster of Fibs + SMA 50 + Resistance Line + Monthly Pivot Point)
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC#BTC
I will quickly analyze from the technical side.... but I will also tell you a little interesting (in two posts) what appeared on the horizon.
◾️From the technical side: we have a level of 21740 (who made a fix at $22.400) you can buy more at $21700 - $21400 with a grid of orders.
If you look to the left (level 21740 was persistent for a month, now it should serve as a response and the price should bounce off this level).
◾️Move stop loss to $21,000. If they sink below $21,000, we will most likely go in search of a new bottom.
Bitcoin BuyIf the MA cross and the ascending channel broke, we might have a big rally to the upside.
The DMI looks good because the +DI goes above 25 level and the ADX will go below the -DI which indicates a very bullish indicator.
We also need to remember the confirmation that we need to break above the channel and the MA cross to be sure.
But for me, I already entered a long position
See also my relate ideas, I’ve been waiting for the crossover for a flew days now.
Another One! What's Next in BTC?Hello trader!
Welcome back to another episode with Analyst Aadil1000x.
First of all, I must thank the Almighty for these working strategies which made us successful in the tough time and which shows the correct path.
Yesterday, there was strong US economic news and it Came out when BTC was at the Supportive trendline. It was not a coincidence that there was news at the time when BTC was at a key level but it happens all the time that when there is a HIGH impact NEWS market will be at the key level. I know exactly what gonna happen and we bought when there was a crazy dip and we succeed.
Those who missed the bullish move can catch the bearish move. There is a 5-star True reversal point at 22,128 and we will see a hard drop from there. Most probably this point will work with pinpoint accuracy.
We are waiting for the market to reach our TR point so that we can react to that level.
Don't forget to hit the like button and follow to stay connected.
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)Bitcoin was able to pass the main wave 1 at 18910$(As I expect in my previous posts about Bitcoin), and now it wants to complete its main wave 2, probably the end of main Main 2 will be in my PRZ (1or2/ probably 1) & TRZ (Time Reversal Zone).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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Triangle broken to upside will we reach the target ?Hello Traders,
Since long time ago I drawed this symm. triangle on my chart, Now BTC broke it to the upside.
Today I want to discuss briefly, What is the possible moves for BTC
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BTC was running into horizontal channel since 13-16 JUN 2022 that is mentioned on the chart with Green rectangles
Now BTC continued going narrower and narrower price movements to form the triangle then a break happened to the upside with quite good volume.
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Now BTC is correcting the break and have only 2 options,
1- to bounce of the upward movement trend line (21100$)
2- bounce of the triangle trend line (20500-20600)
If this happen BTC will have the first target at 26500-26900, WHILE WE HAVE A CME GAP APPROXIMETILY AT 28500$
I am confused about it because as you see BTC got a rejection from the horizontal channel as it happened before.
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Bearish scenario is to have a 4h close under 21500 or just get back into the triangle again.
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Altcoins indicated a bull movement before BTC do it, as I mentioned in previous ideas on my profile.
Hope this helps !
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Have a nice day !!
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)Bitcoin hugged the lines of my waves 😎💥💣✅👇.
Since the sizes of microwaves 1 and 3 are equal, so, we can expect that microwave 5 is an extended wave.
🟡 Elliott waves Guideline 🟡: When waves 1 and 3 are equal in size, wave 5 is more likely extended. wave 5 then often is 161.8% in size relative to the size of waves 1 through to 3.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)All my previous Ideas run well ✅
It seems that Bitcoin passed main wave 1 and is now on the way to completing main wave 2.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe