BTC: 2021 on repeat! 13.5k can happen!Here's a quick comparison of two periods in bitcoins history
It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Trade safe!!
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
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ARB / USDT: 30% profit!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
BTCBUSD
BTC: Forming a bearish patern!Upon examination, it is evident that the price has been forming a bear flag which Is a bearish pattern. If the support zone breaks, a move down to 27.5k will likely happen!
If we zoom out to the 8 hr. chart, we observe that the price has been forming a bigger head and shoulders pattern, which also is a bearish pattern! If the price breaks below the neckline, it will most likely fill the fair value- and CME gap.
Or one would say that the price is forming a bigger triangle formation:
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
BTC: Coming back home! Here's a quick look at the 3-day BTC chart
Upon examination, it is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
If we zoon in on the 1 hr. timeframe we see:
At the 8 hr. chart, we have this:
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
Bitcoin ➡️Top of Ascending Channel+RD(➖)+TRZ+🌊Bitcoin has been moving in an ascending channel for about ⏰4 days⏰, and it seems that it has formed the Triple Three Correction structure (WXYXZ) inside the ascending channel(of course, this structure is rare ).
Also, Bitcoin has attacked the top of the ascending channel 5 times but has not succeeded in breaking this channel. But the 5️⃣fifth5️⃣ time is a little different because it is near the 🔴 resistance zone($ 30,040-$ 29,730) 🔴, and this issue can end the correction or this 4-day rise of Bitcoin.
💡Sign of the completion of the corrective structure is the Regular Divergence (RD-) between two consecutive peaks .
💡Another sign is that Bitcoin is moving in the ⚪️ Time Reversal Zone(TRZ) ⚪️.
🔔I expect Bitcoin to go down to at least the 🟢 support zone($ 29,030-$ 28,880) 🟢, and it is likely to break down and move to the next 🟢 support zone($ 27,820-$ 27,660) 🟢.💡
Bitcoin Analyze ( OKX: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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BTC: Dont forget these gaps- They will get filled soon! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap.
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
⚠️Don't get FOMO on Bitcoin⚠️Hi everyone👋 (Reading time less than 3 minutes⏰).
Why Shouldn't we Get FOMO on Bitcoin❗️❓
Please be with me in this post to answer this question.↘️
To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume , RSI , and Bollinger Bands indicators. I also specified 🔵CME Gaps🔵 on the chart that can be a road map for Bitcoin because they are completely filled up to this time.
⚠️Reasons not to get FOMO :⚠️
Bitcoin is moving in a 🔴heavy resistance zone ($ 32,400-$ 28,120)🔴, and most resistances or supports are not broken with the one-time test.
Bitcoin is moving in the 🟡Price Reversal Zone(PRZ)🟡.
Bitcoin is moving in the 🟡Time Reversal Zone(TRZ)🟡.
The Regular Divergence(RD-) between Volume & RSI indicators, and the price.
❗️Sell❗️ signal Bollinger Bands indicator: Sell signals form when the price goes up and a green candle breaks and closes above the upper band, and then it is followed by a red candle closing below the band.
🔔So, I expect Bitcoin to at least fall to the middle pitchfork line & support line and fill the first lower 🔵 CME Gap($ 28,265- $ 28,110) 🔵.
Bitcoin Analyze ( OKX: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 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,1-hour Time Frame,05/02/2023)!!!Bitcoin managed to form a Shooting Star Candlestick Pattern near the 🔴 resistance zone($ 29,030-$ 28,880) 🔴.
Also, considering that Bitcoin's 5-wave downtrend has ended in the 🟢 support zone($ 27,820-$ 27,660) 🟢, today's rise in the price of Bitcoin is a correction(Also, a pullback to the support zone is broken), and I expect Bitcoin to return to the support zone after breaking the support line.
Bitcoin Analyze ( OKX: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.
BTC: The Return to 15k Begins as Market Shows Signs of weakness!Upon examination, it is evident that the price is forming a head & shoulder pattern, indicating a weakening trend! If the price breaks below the neckline, the return to 15k will begin! It is, therefore, advisable to keep an eye on the neckline in case it breaks to the downside!
It also appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Furthermore, the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance indicates a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
Bitcoin Analyze (Short Term,15-minute Time Frame,05/01/2023)Bitcoin lost its support zone with a long-bodied red candlestick (currently acting as a🔴 resistance zone($ 29,030-$ 28,880) 🔴.
The corrective zigzag structure(ABC/5-3-5) is expected to play the role of a pullback to the lost support zone, and then Bitcoin will fall again to the next 🟢 support zone($ 28,800-$ 27,800 )🟢.
💡The sign of the end of wave B can be the Hammer Candlestick Pattern, Fibonacci levels, etc.💡
Bitcoin Analyze ( OKX: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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Big rejection - BTC coming back home!Here's a quick look at the 3-day BTC chart
Upon examination, it is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
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It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
-------------------------------------------
About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
-------------------------------------------
Recent Altcoin trades:
ARB / USDT: 30% profit!
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Bitcoin Analyze (Short Term,15-minute Time Frame,04/23/2023)🌊According to Elliott's wave theory, The end of wave 4 ended in the 🟡 Price Reversal Zone(PRZ) 🟡, and one of the signs of the end of the wave was the breaking of the resistance line upwards, and wave 5 can continue until the end of the 🔴resistance zone($ 27,900-$ 27,700)🔴.
After the confirmation of the end of wave 5, Bitcoin is expected to fall to the 🎯target🎯 I have specified in the chart or the 🟢support zone($ 27,260-$ 27,120)🟢.
In addition, We can also see the Regular Divergence(RD-) between the end of wave 3 and wave 5 in the RSI indicator and the probability that one of the valid RSI ⬇️SELL⬇️ signals, namely Bearish Failure Swing , will be seen in the next hour is very high.👇
Bitcoin Analyze ( OKX: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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
How can we confirm Bull Run❗️❓Hi everyone👋
Today I want to show you how to confirm the Bull Run for Bitcoin and other cryptocurrencies. ( Reading time less than 6 minutes⏰ )
One of the indicators that clearly show the possibility of confirming the Bull Run for Bitcoin is the 2-Year MA Multiplier indicator, which was created by Philip Swift in 2017.
There are secrets hidden in the 2-Year MA Multiplier indicator, which I will reveal to you in this post.🔎
So stay with me.🤝
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🔔First, let's see what the indicator 2-Year MA Multiplier is.
The 2-Year MA Multiplier is a Bitcoin chart intended to be used as a long-term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.
To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.
Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.
Buying Bitcoin when the price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when the price goes above the 2yr MA x 5 (red line) has been historically effective for making a profit.
Why This Happens❗️❓
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited, causing the price to over-extend, and periods where they are overly pessimistic, where the price over-contracts. Identifying and understanding these periods can be beneficial to the long-term investor.
The 2-Year MA Multiplier indicator is a simple and effective way to highlight those periods.
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How we can confirm Bull Run and Secrets .😉
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🔎 How can we confirm Bull Run❗️❓
Bitcoin has always been able to break the Downtrend lines upward before the start of the Bull Run = Mission accomplished✅
To start the new phase of the Bull Run, Bitcoin must go below the 2 Years Moving Average, and then the green candle closes above the Moving Average (in the monthly time frame⏰).= Bitcoin has already completed the first phase of the Bull Run, i.e., the 2 Years Moving Average,✅ and to complete the confirmation of the Bull Run, the green candle above the 2 Years Moving Average needs to be closed.🔄(LOADING)
To start a Bull Run, Bitcoin needs to create 4 green monthly candles (in a row) in the green area of the 2-Year MA Multiplier indicator = currently, Bitcoin has managed to create 3 green candles in a row, and the candle The month of April will close in about 15 days, and if it is positive or green, we can confirm this sign.🔄(LOADING).
Crossing of the 6-Simple Moving Average (6-SMA) above the 12-Simple Moving Average (12-SMA) (Buy signal)= 🔄(LOADING). Please check the post below.👇
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🎉 Secrets:
First, I must say that to avoid clutter, I did not specify the percentages in the chart.😊
The percentage of Bitcoin price decline from an All-Time High(ATH) between two consecutive halvings has been around ➖80%.
The recent movement of Bitcoin in these months is very similar to the movement of Bitcoin in the green zone between the halvings of 2012 and 2016, so that the duration of Bitcoin's presence in the green zone in these two movements can be exactly the same, i.e. 335 days. (If the candle of this month and the next month is green).
If Bitcoin can create a green monthly candle above 2 Years Moving Average, it can grow by ➕50% before the halving of 2024, so it seems that the maximum price of Bitcoin can be around $ 50,000 before the halving in 2024.
In previous periods, the green monthly candle closed above the 2-year moving average between 213 and 305 days before the next halving, so if Bitcoin wants to move like the previous two periods, we can expect the May or August candle to close above 2 Years Moving Average.
If you find a secret in the Bitcoin chart, be sure to share it with me in the comments. Thank you for being with me so far.❤️🌹🙏
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Bitcoin Analyze ( BTCUSD ), Monthly 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➡️Low volume📊 ➕ Heavy resistance zone🔴 ➕ Wave count🌊Hi everyone👋( Reading time less than 3 minutes ⏰).
First of all, I must say that the financial markets always have surprises for us, so we should not be disappointed and stick to our principles, observe the important points of trading, including capital management, and most importantly, trading psychology, do not make emotional decisions and follow your strategy (even simple) enter and exit🔁.
After moving in a range for about 1 month, Bitcoin broke this range to the top yesterday. Now you might ask yourself if it is time for Bitcoin to fly to the 🌘moon🌘 or not❗️❓
Let's take a look at the news in the cryptocurrency market. Is there more good news than bad news❗️❓
In my opinion, there is no good news in the market; if you remember when Bitcoin started growing from the range of $ 28,000 and reached $ 69,000, the good news was still the rumor of paying with Bitcoin in Amazon, the controversial interview of Elon Musk and the Bitcoin ETF (in the range of $ 44,000 ) contributed a lot to the growth of Bitcoin, but now there are mostly bad news in the market, the Binance and the Luna_FTX cases, the release of Mt.Gox Bitcoins, etc. Of course, a series of on-chain factors show us the signs of Bitcoin's growth.
I tried to have an overview of the important events of these few months; maybe they will give you a better view in the continuation of the analysis.
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Technical analysis
Bitcoin is moving in the 🔴 heavy resistance zone ($ 32,400-$ 28,120) 🔴, and as I said in previous posts, I personally do not expect this resistance zone to be broken with one test , and we need at least a correction and the formation of a major pivot in the daily time frame.
Also, the growth of Bitcoin after the range area of the last month has not been impressive, and we can see the Regular Divergence(RD-) between price and Volume & RSI indicators in the chart.👇
According to the theory of Elliott waves , Bitcoin is in the main wave 5, so that microwave 1 of the main wave 5 is bigger (It happens less often) than all the waves.
I expect Bitcoin to start falling after rising to the 🟡Price Reversal Zone(PRZ)🟡 and the upper line of the ascending channel to fill the 🔵 CME GAP($ 28,720-$ 28,265) 🔵.
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.
BTC - A wick up & A wick down!This scenario exemplifies a classic case of a bull trap, whereby the market deceives investors into believing that an upward trend is imminent before rapidly reversing course. In the current climate, the bear market is merciless, causing losses for both bullish and bearish investors alike. Thus, adopting a cautious approach and waiting for prices to decline before initiating long-term investments is advised to ensure security.
And upon further examination, it is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
Furthermore It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.