Bitcoin broke the Range Zone (What is the next Movement)❗️❓Hi everyone👋.
Bitcoin was moving in the Range zone for about a month and formed a Rectangle pattern . But yesterday, Bitcoin managed to break the lower line of the rectangle pattern, as I expected in previous posts✅.
In terms of the structure of Elliott waves , Bitcoin is in the phase of corrective waves , and it seems that Bitcoin is pulling back to the 🟢 support zone($29,850-$29,480) 🟢 broken by wave 4 .
After the completion of wave 4 I expect Bitcoin to fall to the next 🟢 support zone($28,450-$28,080) 🟢.
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🌐➕ Positive News ➕🌐:
Binance Expected to Launch Crypto Services in Japan by August
Former CFTC chairman says stablecoins can be a bridge between two worlds.
🌐➖ Negative News ➖🌐:
Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action.
Congressman Warren Davidson calls to ban and criminalize CBDCs.
US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms.
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Bitcoin Analyze ( BTCUSDT), 4-hour time frame⏰.
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BTCBUSD
Bitcoin completed the pull back and is ready to Fall again❗️❗️❗️Bitcoin finally managed to break the 🟢 support zone($29,140-$29,000) 🟢 a few hours ago.
🔔I expect Bitcoin to continue its downtrend in the coming hours and at least fall to the next🟢 support zone($28,450-$28,080) 🟢.
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🌐➕ Positive News ➕🌐:
Binance Wins Operational License in Dubai.
$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan.
Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolio.
🌐➖ Negative News ➖🌐:
Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder's Collateralized Borrowing.
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: The US Internal Revenue Service (IRS).
SEC sues Richard Heart of Hex and Pulsechain for allegedly selling unregistered securities.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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Bitcoin and 🚩Symmetrical Triangle🚩Hi everyone👋( I hope you had a great weekend ).
As you know, trading volume is low on Saturdays and Sundays (generally).
After breaking the 🟢 support zone($29,850-$29,480) 🟢, Bitcoin has started to form a Symmetrical Triangle Pattern this weekend.
📚The Symmetrical Triangle , which can also be referred to as a coil, usually forms during a trend as a Continuation Pattern . The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended, and the symmetrical triangle takes shape.📚
💡It is interesting to note that when Bitcoin hits the upper line of the symmetrical triangle pattern, the Volume of Trading is higher than when Bitcoin hits the lower line of the symmetrical triangle pattern. This happen shows us pressure of sellers is high.
🔔I expect Bitcoin to move towards the 🟢 support zone($28,450-$28,080) 🟢 ⚠️ after ⚠️ breaking the lower line of the symmetrical triangle .
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🌐➕ Positive News ➕🌐:
Congressman Patrick McHenry: Bitcoin is a “Financial Revolution.”
Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children.
🌐➖ Negative News ➖🌐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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How will the Candle of the current 6 Months be Closed❗️❓Hi everyone👋 (Reading time less than 5 minutes⏰) .
Today I want to show you the 🎯 target 🎯 of Bitcoin for the next 5 months using the 6-month Bitcoin candles.
⚖️Bitcoin has created 6-month candles in the last 7 years, and if we look closely at these candles, we can see similar movements in them.⚖️
⚖️I divided the 6-month candles into 5 similar movements.⚖️
⚖️The first movement consists of three candles, which showed an upward movement before the start of the correction, which are similar in both periods of the first movements.⚖️
⚖️In the same way, the next candles had similar movements.⚖️
⚖️If the fifth movement wants to be similar to the fifth movement of the previous movement, the candle of the current 6 months has to close in red, and 50% of the fourth movement should have a minimum decline (about $22,780) .⚖️
🔔As a result, I expect Bitcoin to drop to at least $22,780 in the next 6 months.
It is interesting to know that this analysis is similar to my previous post on "Bitcoin 🗺️Road map🗺️for 300 Days Before Halving 2024❗️"It is compatible; I recommend you to read the following post as well.👇
Bitcoin Analyze ( BTCUSD ), 6-months time frame ⏰.
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🚨Bitcoin Falling with the Help of Descending Channel🚨Bitcoin has managed to form a Descending Channel after breaking the 🟢 support zone($29,850-$29,480) 🟢.
Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢.
Bitcoin is currently near the upper line of the descending channel .
🔔I expect Bitcoin to continue its downward trend in the next few hours .
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🌐➖ Negative News ➖🌐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin Analyze (Road Map, 07/23/2023)!!!🗺️(15-Min)Due to the fact that the trading volume is generally low on Saturdays and Sundays , the structure of the waves became complex.
Bitcoin seems to be completing the Double Three Correction(WXY) in 🟡 PRZ(Price Reversal Zone) 🟡.
Although Bitcoin seems to have succeeded in creating the Inverse Head and Shoulders pattern , it seems that the effect of this pattern is only up to PRZ (maybe a little higher) .
I expect Bitcoin to start declining from the PRZ and attack the 🟢 support zone($29,850-$29,480) 🟢 again.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Road Map, 07/21/2023)!!!🗺️(15-Min)Bitcoin has managed to form an ascending channel in the 15-minute time frame⏰.
In terms of the structure of the waves in the ascending channel, I can say that Bitcoin was able to complete the main wave Y at the top of ascending channel and 🟡 Price Reversal Zone(PRZ) .
🔔I expect Bitcoin to try again to break the 🟢 support zone($29,850-$29,480 )🟢 ⚠️ after breaking the lower line of ascending channel ⚠️.
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🌐➕ Positive News ➕🌐:
Indonesia launches its crypto exchange and clearing house.
Couple Alleged to Have Stolen $4.5 Billion Bitcoin in Bitfinex Hack Case Reached a Deal with US Prosecutors.
Tesla’s diamond hands: EV maker's Bitcoin holdings see no change in Q2.
Robert F. Kennedy Jr. Wants Bitcoin Backed U.S. Dollars and Tax Breaks for Investors.
Bitcoin ETFs Move Closer To Approval, SEC Lists 8 Applicants On Federal Register.
Societe Generale Becomes First Company to Win French Crypto License.
🌐➖ Negative News ➖🌐:
Bloomberg Analyst Issues Bitcoin Alert, Says One Catalyst Could Cause Headwinds for BTC.
US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms.
The Bill Bringing Strict Rules to Cryptocurrencies Has Been Submitted to the US Senate!
UK Government Rejects Lawmaker Plan to Regulate Crypto as Gambling.
Kuwait Cracks Down on Crypto, Banning Payments, Investment and Mining.
Elon Musk’s Tesla Keeps Dogecoin (DOGE) As Payment Option While Removing Bitcoin (BTC).
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin Road Map(15-Min)🗺️!!!Hi everyone👋.
Bitcoin is moving in the 🟢 support zone($29,850-$29,480) 🟢.
If we want to analyze Bitcoin in the 15-minute time frame in terms of Elliott wave theory , we will find that Bitcoin started to create corrective waves after completing the Expanding Ending Diagonal pattern .
The structure of Bitcoin corrective waves is Zigzag type(ABC/5-3-5).
🔔I expect the end of the main wave B to end in one of the Price Reversal Zones(PRZs) . After confirming the end of the main wave B, we should expect the main wave C to finish in the 🔴 resistance zone($30,480-$30,360) 🔴.
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🌐➕ Positive News ➕🌐:
Cryptocurrency Industry Employment Skyrockets, Surging 160% in Four Years.
Societe Generale Becomes First Company to Win French Crypto License.
Bitcoin ETPs Witness Record-Breaking Monthly Inflows: K33 Research.
Republican lawmakers are preparing a new crypto bill in wake of Ripple decision.
South Korea’s Oldest Bank Completes Stablecoin Trial On Hedera Network.
US Congressman Calls Gary Gensler: "Stop Attacking Cryptocurrencies".
🌐➖ Negative News ➖🌐:
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
Reserve Bank of India Deputy Governor: Stablecoins are dangerous for emerging economies
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
Hackers.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin goes UP by Descending Broadening Wedge Pattern🚀(15MIN)Bitcoin is moving in the 🟢 support zone($29,850-$29,480) 🟢.
Bitcoin has also managed to form Descending Broadening Wedge Pattern in the support zone.
In addition, there is a Regular Divergence (RD+) between two successive valleys.
🔔I expect Bitcoin to go UP at least to the 🔴 resistance zone($30,480-$30,360) 🔴 ⚠️ after ⚠️ breaking the upper line of the Descending Broadening Wedge Pattern .
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🌐➕ Positive News ➕🌐:
New Bitcoin addresses hit yearly high.
Telegram CEO Pavel Durov says that he owns some Toncoin and Bitcoin.
Robinhood Eyes UK Market with New Hirings Already Underway.
Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg.
Bullish Bitcoin Signal: SEC Acknowledges Another ETF Proposal.
🌐➖ Negative News ➖🌐:
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
Reserve Bank of India Deputy Governor: Stablecoins are dangerous for emerging economies
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
Hackers.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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A Preliminary Re-AnalysisIt's about sending a message:
"You Can't Stop Bitcoin"
Why is Bitcoin going up (I cover in greater detail)?
Technical Section:
looking at the bigger picture
Wave A:
The rise from 2020 to 2021 was wave A. A implies B
Wave B:
2021-2022 was a "B" wave.
Wave C: if B is true, then C is also true.
Wave C = 100% of wave A (Target = $ 160k , the amount you make will be up to you! )
BTC - Double-top pattern formingThe price has been observed to form a double-top pattern accompanied by a significant bearish divergence on the weekly timeframe. However, it is essential to note that if the price surpasses the resistance zone, a potential upward movement toward 35k can be expected. Conversely, if the price breaches the support trendline, a decline to 23k is likely.
Monitoring the fair value gaps below the current price levels is advisable, as they tend to be filled over time. Given the numerous indicators indicating a substantial bearish move, it is anticipated that a bearish outcome will occur soon.
Moreover, it is worth noting that the bear-market probability index is currently very high, indicating an inevitable occurrence of a significant bearish move.
Bitcoin Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰).
Bitcoin has been moving in a Rectangle Pattern for more than 21 days .
If we look at the waves inside the Rectangle Pattern in terms of Elliott waves , we will find that Bitcoin has succeeded in completing the Double Three Correction(WXY) , and in the last 7 days, it is forming an Expanding Ending Diagonal .
💡One of the Signs to confirm the end of wave 5 of Expanding Ending Diagonal can be the formation of the Hanging Man Candlestick Pattern .
💡Another Sign to confirm the end of wave 5 inside the Expanding Ending Diagonal can be Fibonacci levels so that wave 5 is often 138.2%-161.82% in size relative to the size of wave 3 .
💡Another sign is the fifth touch of Bitcoin with the resistance line , which shows the importance of this line for Bitcoin.
🔔As a result, I expect Bitcoin to decline to at least the middle of the rectangle pattern or 🟢 support zone($30,480-$30,360) 🟢.
❗️ Note ❗️: If Bitcoin goes above $31,880 , expect Bitcoin will touch at least $33,000 .
📚For a better understanding and educational aspect, I tried to show you the structure of the waves inside the rectangle pattern on the chart.
🌐➕ Positive News ➕🌐:
Ripple won in court, creating a wave of hope and happiness in the cryptocurrency community.
Europe’s First Bitcoin ETF Set To Begin Trading After 12-Month Wait.
Argentina Embraces BTC With Its First Bitcoin Futures Contract .
Galaxy Digital CEO Mike Novogratz opines that if the Securities and Exchange Commission (SEC) gives the green light for a spot BTC exchange-traded fund (ETF), it will turn around the fortunes of the largest virtual currency.
🌐➖ Negative News ➖🌐:
Bitcoin’s price is following in XRP’s footsteps by rallying close to $32,000, but the price could pull back in the face of this week’s $720 million options expiry.
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
US industry watchdogs oppose the draft bill on the crypto market structure.
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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, this is just my Idea, and I will be glad to see your ideas in this post.
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What to expect next?
In Sunday's update, I indicated that: "I am bearish, I hope we find support at 27k, BTC = $ 30300"'
As shown on this chart, the market declined but not very much!
In a nutshell; Take the money and run (BTC needs another rest (ZigZag) and again up!).
Target = $ 26500- $ 27000
My Trades:
1- I bought at $ 16684 (sold at $ 30328)
2- Short @ $ 30300
I love what I am doing :)
Good Luck.
🚨Bitcoin will FALL by Ending Diagonal🚨(15-MIN)Bitcoin formed a 🐻 Bear Trap 🐻 after failing to break the 🟢 support zone($30,500-$30,370) 🟢.
In terms of the structure of the waves, it seems that Bitcoin has formed an Ending Diagonal in the 15-minute time frame⏰.
Also, we can see Regular Divergence (RD-) between two consecutive peaks .
🔔With the breaking of the lower line of the Ending Diagonal pattern, I expect Bitcoin to successfully break the 🟢 support zone($30,500-$30,370) 🟢 this time.
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I tried to divide the important news of the past 48 hours into Negative and Positive News for you.
🌐➖ Negative News ➖🌐:
US industry watchdogs oppose the draft bill on the crypto market structure.
Former Celsius CEO Alex Mashinsky reportedly arrested
Reserve Bank of India Deputy Governor: Stablecoins are dangerous for emerging economies
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
Hackers
Bitcoin ETF Is Not Most Important Adoption Vector for BTC, Gabor Gurbacs Says
🌐➕ Positive News ➕🌐:
The inflation rate in June in the United States was announced at 3%; Continued reduction in inflation
Telegram Wallet bot enables in-app payments in Bitcoin, USDT, and TON.
Billionaire Investor Tim Draper Still Bullish on Bitcoin, Foresees $250,000 Price in the Future – Here's the Timeline
Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games
Crypto Criminals Stealing Much Less Money in 2023.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Bitcoin and Symmetrical Triangle🚩(15-Min)⏰Bitcoin has managed to form a Symmetrical Triangle Pattern in the last 24 hours.
Since the symmetrical triangle is considered a continuation pattern most of the time, But we must be ready for both movements. In case of breaking any of the symmetrical lines, we must expect Bitcoin to move up to the Top or bottom of the Rectangle Pattern .
What do you think❗️❓
Which of the lines of the symmetrical triangle pattern will Bitcoin break❗️❓
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Is BTC on 40.000$ way ?We're here to share the latest information about the cryptocurrency market today. Bitcoin is trading at $30,389.72, an increase of 0.85% in the last 24 hours. This seems to be reversing the downward trend of Bitcoin in the last 7 days. However, cryptocurrencies are often volatile and prices can change rapidly, so it's important to manage your investments carefully.
In the coming weeks, it will be important to pay attention to the interest rate decisions of the Federal Reserve (Fed). A Fed meeting is planned for July 26, 2023, and important decisions about interest rates could be made at this meeting. Fed's interest rate decisions usually have a big impact on the economy and financial markets. For example, if the Fed raises interest rates, it usually increases the value of the dollar, which can cause Bitcoin and other cryptocurrencies to lose value against the dollar. However, this is not always the case and cryptocurrencies often move in different ways from traditional financial markets.
✂️Bitcoin LOST the support line✂️(1-hour time frame)It seems that Bitcoin managed to complete the correction structure of Double Three Correction(WXY) in the last three days.
The 💡 Sign 💡 of the completion of the Double Three Correction structure can be the breaking of the support line .
➕Also, if we look at the RSI indicator in the 1-hour time frame, we can see the 🗻Double Top Pattern🗻 , and I expect the RSI to move downward in the coming hours .👇
🔔I expect Bitcoin to attack⚔️ the 🟢 support zone($29,860-$29,420 )🟢 again after breaking the support line .
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 be glad to see your ideas in this post.
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Bitcoin Road Map(15-Min)🗺️!!!Bitcoin fell again to the bottom of the Rectangle pattern and the 🟢 support zone($29,860-$29,420) 🟢; however, considering the momentum of Bitcoin's fall, I expect the growth of these few hours to be a corrective structure.
To better view the Rectangle pattern , see the post below.👇
Bitcoin was able to complete the Zigzag correction(ABC/5-3-5) on the 🔴 resistance zone($30,500-$30,370) 🔴.
I expect Bitcoin to fall back to the 🟢 support zone($29,860-$29,420) 🟢.
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 be glad to see your ideas in this post.
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💡Signs of the FALL of Bitcoin(4-hour time frame)💡Bitcoin has NOT seen an upward or downward Sharpie movement for about 12 days and is moving in the form of a Range market ; this Range movement generally causes the formation of a Rectangle pattern .
Bitcoin is currently moving above the rectangle pattern and the 🔴 resistance zone($31,420-$31,220) 🔴.
💡 Signs 💡 of Bitcoin falling again from the resistance zone can be candlestick patterns: Hanging Man , Shooting Star , and Marubozu Candle .
Also, if we look at the RSI indicator , we can see that there is a strong Regular Divergence (RD-) between two consecutive peaks inside the rectangle pattern. In addition, the RSI indicator seems to be issuing one of the most reliable sell signals, the Bearish Failure Swing .👇
🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern after breaking the uptrend line .
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, 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 decline after completion of pullback(1-hour time frame)Hi everyone👋 (Reading time less than 2 minutes⏰).
First, I recommend you look at the 4-hour Bitcoin chart I shared yesterday.👇
Bitcoin started to decline after contacting the upper line of the rectangle pattern ; the first support in front of Bitcoin was the uptrend line .
Bitcoin managed to break the uptrend line (as I expected in yesterday's post) and started to go down and managed to break the 🟢 support zone($30,700-$30,560) 🟢 a few hours ago.
Bitcoin is currently completing a pullback to the broken 🟢 support zone($30,700-$30,560) 🟢.
Also, the 20 Simple Moving Average (20-SMA) went below the 60-SMA , which is a sell signal , and the resistance in front of the Bitcoin are 20-SMA and downtrend line , which has reacted well to this extreme move in the previous two minor pivots .
🔔I expect Bitcoin to fall to at least the 🟢 support zone($29,860-$29,420) 🟢 and the bottom of the rectangle pattern.
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 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.