Do we still have a fall on BTC?Correction and buying opportunityHi guys,
Bitcoin has shown signs of climbing, but for this climb it needs to return to its decision point (dp).
As it turned out, the two most important areas 20450 and 20100 are very important for bitcoin.
You can put buy limit on both of them, but I will buy after the return signs appear.
Definitely the climb we are talking about is not a climb to the historic ceiling, but it can give good profits to buyers.
Be profitable ;)
BTCBUSD
Bitcoin Short Term Long Opportunity on 4 Hours Chart.This trade idea is based only on support and resistance.
As of now, we are currently breaking out upward on a trendline. Risk-to-Reward ratio is 2:1 but it can go higher. It can break 23,000 level if the upward trend will continue.
+ADX is also above ADX so it is also a strong indicator we are bullish in this 4 Hour-Timeframe for the short time.
IMPORTANT EVENT FOR BTCSubscribe to my TradingView profile
#Thoughts
Few fell out of the rhythm, a trip to Malaysia.
But, now it's not about that...
You may have heard about the company ProShares, it is an issuer of exchange-traded funds. They have $62 billion in management. So, when the whole market was flying To the moon and bitcoin was on ATH ($63,000):
◾️ProShares added a spot BTC ETF on October 19th... (spot means only LONG). That is, on ATH they will launch a BTC ETF (only for opening LONG positions) and tell their clients - long guys.
◾️Two days ago, June 21, 2022... ProShares adds Short Bitcoin ETF... When we hit the bottom. They allow their users to short bitcoin. BTC price 20.700$.
For what?
Elon Musk AGAIN pointed us to the bottom? $16,500On Twitter, Mask posted a post from May 24 with the "birth rate in the United States" - a very important info 😂
🔥 But let's take a closer look!
1️⃣ Index 2.5 let's say it's $25,000
The indexes below paradoxically converge with the chart.
2️⃣ The figure 1989 (year) is $19,890
===> perfectly matches the current price, which is likely to be an impenetrable level of resistance
3️⃣ The first points serve as coordinates. Now let's see where the bottom will be - about $16,500. Earlier I indicated the figure of $16,852 for my reasons 🤔
We are waiting! Let's check! If so - thank you Elon Musk 😄
BTCUSDT trade in bounced zone BTCUSDT has corrected -161% Fib Level and bounced back from the range ($20k-$17k) as we predicted before. Technically trade will initially hit 300% profit around $48K from -161% Fib level. If trade breaks -161% Fi level then it will get support in -261% Fib level.
Trade has spike area to get strong momentum as shown in the recent and previous graph demonstration.
We are consistent with our previous analysis. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
Do your own comparative analysis before jumping into pool.
BTCUSDT: Revealing the bottomHello traders! Welcome back to another episode with Analyst A1000x.
First of all Thanks for All the support from you guys and Thanks to the Almighty for all kinds of support.
This is one of the Most awaited analyses. The market is falling continuously and traders are looking for a bottom. The BTC is the hottest topic right now and Bitcoin is very hot itself as it is falling like a meteorite, if not it will. I am here to tell you which gravitational force is pulling the BTC's price down.
There is a Triangle pattern starting on 13 Sept 2017 and ending on 27 July 2020. This pattern is shaped like a Symmetrical triangle pattern and whenever the market moves far away from the pattern it starts to work like a magnet and it pulls the market back. Most of the time it pulls the market to 50% of its size and then throws the market upside.
In between there is a messed-up range, don't know how BTC will behave in this range. This range is between 18100-19260. This zone might work as a booster and will give an instant boost to drop hard.
BTC is focused on one point and in this analysis, I am revealing the bottom of this Bearish move. I am expecting that market will not reverse before 7,910 nor it will reverse by breaking it. It is the only strong true reversal point in this range and It will be pinpoint accurate. I am adding a few posts below to witness the power of a true reversal point.
We have heard many times that finding out the bottom of the crash is impossible, Well I will show them how it's done. Humans are born to do the impossible. 'Impossible' also says that 'i am possible'. I also heard many times that you can't figure out the perfect reversal point. Look at the post below to see how it was done. All thanks to Almighty I asked and he provides and most of the things Almighty provides without even asking.
The true reversal point is not the support/resistance strategy nor it's a Fibonacci number it's not even a harmonic or some indicator. It's a few steps ahead of them and it's the reason behind any kind of support/resistance.
1.BTC
2.SOL
3.BTC
4.BTC
5.SOL
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BTC vs DOW Jones. Is it really bear market or great opportunity?Current "bear market " i see as a copy-paste pattern that formed on stock market in period of 1999 to 2009. You can see basic structure on upper charts.
On the bottom charts you can see Bitcoin on the left and Dow Jones on the right in 12h time frame.
As you can see current bitcoin structure also very similar to DOW Jones in 2009. coincidence? We will find out very soon.
But even if we look just at Bitcoin 12h then you can see how RSI and Stoch RSI creates divergences right now.
So bull or bear? :)
My bet is that bullrun and alt season are coming this year, when literally nobody expecting that.
Hope i'm right, but it could be just coincidence and we are really in a bear market. All we can do is to be patient and not selling own positions in loss.
Not financial advice :)
BNB helps to define Bitcoin BOTTOM🤔 Thoughts about BNB and Bitcoin
In 2018, a similar formation. Breaking strong support resulted in a ~23% drop. The current formation is similar, then the dip is $170?
Altcoins volatility is higher than Bitcoin. I admit by the coefficient, the potential for Bitcoin to fall in this case is ~18% from breakdown the Wedge. So, theoretically, the bottom could be $18-$19,000.
🚨 This is a theory! I will buy as described above - according to signal from my indicator.
Zero subjective decisions! ✌️
Bitcoin - aggressive retest of Wedge $19,000 to $230,000🤔 Bitcoin has fallen out of the wedge, an aggressive retest is underway
I am sure that the Market Maker wants to take liquidity below the psychological level of $20,000. Bitcoin has an open buy zone around $18,000-19,000, then a sell zone around $65,000. The global target is $230,000. I'm waiting $100,000 by the end of the year. By 2024, I am sure of $230,000, because we have not closed the growth cycle to the level of F2.3.
I'm not buying spot yet, I'm waiting for the close of the month to fix the signal in my indicator ✌️
My plans work BUT you don't want to believe in it! HAHA!🤠 Remember my global plan?
Previously published on tradingview, I will pin the idea below. The dump happened. I'm not afraid to publish plan in details and only one option for the development of the situation. Already tired of looking at ideas with 2 options and without a global understanding of the market!
ℹ️ Locally I see rising - correction of the dump (doesn't mean it happens now).
⛑ Globally, we must find the bottom - not the bottom yet 😅
Waiting for 20k and signal from my algorithm on timeframe 1M ("buy the dip") then 76k and global target is $230 000.
Bitcoin about to retest 2018 bull market high After having made a big research i think that we can expect more dump on Bitcoin. I have made a weekly time frame analysis and saw too much coincidences with the previous bull market(2018) downside movement. But i will go first with more recent time, we will look a that later. At the moment we can see a clear double top pattern with the highs of April and November of last year witch is a bearish one and then more recently we have a breakdown of the major support at 32500$-28500$ zone with a wick touching 25400$ and a retest of it touching 32400$ .
Okay, now the coincidences:
At the previous bull market we can see a cross down between the exponential moving averages 21 and 55 on a weekly chart, thing that is not usual in Bitcoin, you only see it every few years and it is very likely to be followed by a downside move continuation. Now the same phenomenon was produced the first days of may.
Then in the last bull market it was followed by a -50% move and now if you draw a -50% measure from the may's cross down the end of the -50% move coincides with the last bull market high 20k.
I conclusion Bitcoin may kiss the 20k level and i think that that will be the bottom of this cycle if 25.4k wasn't.
This is only my opinion and pure speculation, not a financial advice, do always your own research.
We did it! Millions on Bitcoin!We did it! The plan is being executed, the money has been earned! The market was extremely predictable, the algorithms 100% correctly estimated future movements.
My plan is on. Falling wedge, bottom near $20,000, after which we wait for $76,000 and future $230,000. The plan has an extremely logical rationale, described earlier.
Bitcoin Analyze (Double Zigzag Correction)!!!🧐Hi, everyone; Bitcoin is making Double Zigzag Correction while it is near the end of the last wave, which means microwave Y.
The end of the Main wave 4 can happen at my TRZ(Time Reversal Zone) & The end of Main wave 4 ( Zone ). I show these zones in my Chart.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Where is the end of microwave Y ❗️❓
🎯 Target 🎯: 32400$ until 31730$
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
Bitcoin Analyze (Short Term, Expanding Flat)!!!✅Bitcoin is running in Expanding Flat correction these hours, and I expect it Will grow up at least to the upper line of Descending Channel.
Bitcoin was able to move as I expected in my last post about Bitcoin analysis.👇
Bitcoin Analyze ( BTCUSDT ) Timeframe 15min⏰
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.
Bitcoin Global $30k > $24k > $32k > $20k > $75k > $65k > $230k+Found a very interesting pattern. Below I will describe the opinion on why the price is pumping and dumping, and how this is related to Halving.
Thoughts will come together at the end of the reading.
First. Important. Everything has a pattern, even chaos theory. We see that Bitcoin is moving at clear levels, even on small timeframes.
The level of 0.618 is always the level of the transition of the market into a Bullish trend.
Level 1.618 - the level was twice known as a growth stop point, with a transition to a local Bearish trend. In 2013 there was a correction of ~75%, but now the predicted bottom of $20,000 fits into this model, also ~75%.
Level 2.3 is the ATH of the market, where the global super-growth cycle ends.
Second. Opinion. “Miners regularly sell some bitcoin to cover production costs. While maintaining the scale of production, these costs don't change, that is, the market is ~steady sales pressure. Halving puts miners in front of the fact that now they will receive half as much bitcoins while maintaining their capacities and mining complexity.
Thus, due to the dictated outlook, before the halving, they are forced to accumulate bitcoins in order to smooth out the stress of reducing the reward in the future and survive it. That is, before the halving, the supply decreases and demand begins to prevail, which causes the price to rise. Further, after the halving, they are spending even more than before to survive the cataclysm without reducing production and the pressure is even more intense than before, which causes a post-halving correction. Well, then there is an adaptation of the psyche of market participants to new realities, in which they receive less, that is, they adjust to the new order and either increase capacity, oro reduce their appetites and the market grows organically due to the mechanical decrease in supply and emission.
My predication: $30k > $24k > $32k > $20k > $75k > $65k > $230k+
Still I'm waiting for signal from my Global indicator, based on on-chain data.
Local view (1D)
Bitcoin GLOBAL +6241% and +1686%. Need next signal?👨🏻💻 I read the news and see another agenda for the global long...
Don’t read the ****** who, for the sake of hype, always talk about global long.
On the chart, my indicator on time 1 Month. GMP Market Status -2 (Bottom Soon). We have to wait for the GMP status -3 (Buy the Dip) to start entering BTC global long positions. Probably closer to $20k. It perfectly defines Bottom and Top, based on 14 on-chain data + Ai analysis.
Waiting for the DIP!