BITCOIN → Bullish Pressure !!!
As I mentioned in my previous analysis, Bitcoin experienced a good rise after breaking out of the wedge and is now near the top of the megaphone. Currently, it is in an ascending triangle, but we can't be sure about it yet. Additionally, on the MACD, we have a hidden bullish divergence, which alone is a bullish signal.
previous analysis
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⚠️Things can change...
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Btcsignals
BTCUSDT (bitcoin): a perspectivehello guys.
Price Action Overview:
The chart shows Bitcoin within a rising wedge pattern, with the price nearing a key resistance level.
A potential pullback is expected in the near term, as highlighted by the downward arrow, before the price potentially retests lower trendline support.
Bearish Scenario:
The price could see a correction from the current level back to the 58,600 - 57,800 USDT support zone.
This is suggested by the wedge pattern, often signaling a potential reversal or pullback before a larger move.
Bullish Scenario:
If the price finds support at these levels, we could see a bounce, leading to a breakout above the wedge towards 68,000 USDT, as indicated by the larger upward arrow.
Market Sentiment:
In the short term, traders should be cautious of the possible pullback, but the larger trend remains bullish if the wedge holds and the price respects the lower trendline support.
Bitcoin Analysis==>> Short term!!!In the previous posts ✅, we found the Top and Bottom of the rally , which started at $59,830 and continued up to $64,470 .
Bitcoin ( BINANCE:BTCUSDT ) is currently moving near the Support zone ($60,000-$59,100) and Potential Reversal Zone(PRZ) .
I also expect Bitcoin to make Regular Divergence (RD+) after touching the Support zone ($60,000-$59,100) .
According to Elliott's wave theory , Bitcoin seems to be completing wave 5 .
I expect Bitcoin to rise above the Support zone ($60,000-$59,100) at least to my First target as shown on the chart( around $61,000 ).
⚠️Note: If Bitcoin breaks the Support zone($60,000-$59,100), we can expect Bitcoin to go down more=first step will be $58,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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BTCUSDT: Why BITCOIN Remains Bullish and Its Next Potential MoveAs you can see, BTC has created Broadening wedge and is also located in the Megaphone , which means that if it breaks, we expect the price to reach the top of the Megaphone .
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin Analysis==>>Risk-To-Reward:4.40Bitcoin started to rise after the UAE exempted cryptocurrency transactions from Value Added Tax (VAT) .
The UAE exempts crypto transactions from VAT starting November 15, aiming to attract more investments and solidify its position as a crypto hub.
Bitcoin is currently moving near the Resistance zone($67,400-$65,000) , the Potential Reversal Zone(PRZ) , and above the ascending channel .
Regarding Elliott wave theory , Bitcoin has restructured a bit since my previous post . Bitcoin seems to be completing wave C inside the ascending channel.
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to decline to at least the Support zone($62,860-$62,110) again, and because there is still a high possibility of tension between Israel and Iran , it is very likely that Bitcoin will come back below 21_SMA(Weekly) and 200_SMA(Daily) .
⚠️Note: This analysis is valid until Bitcoin does not touch $66,500.⚠️
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My position: Of course, I manage this position with price changes.
BTCUSDT
🔴Position: Short
✅Entry Point: 64347.0 USDT (Limit Order)
⛔️Stop Loss: 65283.0 USDT [ You can open a Short position where the Stop Loss(SL) is $66,500 ]
💰Take Profit:
🎯62493.0 USDT ===>>>Risk-To-Reward: 1.98
🎯60229.0 USDT ===>>>Risk-To-Reward: 4.40
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
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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).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin 4h tradeLocal 4h trade for BINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️Waiting full fill or test 4h fvg
➡️Perfect scenario if we will see drop closer to Thursday to 59152
➡️But most likely we will hold the block around 61200
➡️4h money outflow BTC.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Bitcoin is Ready to Crash Again!!!Bitcoin is currently moving near the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to be completing main wave 4 . The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5) .
I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again.
⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) , we can expect the BTC pump to near $65,000.⚠️
In previous posts , I tried to show you the Bitcoin roadmap step by step; I hope it was useful.
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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin Ready to Pump==>>Falling Wedge==>>Shot termBitcoin moved as I expected in the previous post .
According to Elliott's wave theory , Bitcoin completed wave 5 , and we should expect upward corrective waves .
Regarding Classic Technical Analysis , Bitcoin seems to have formed a Falling Wedge Pattern .
Also, Regular Divergence (RD+) between Consecutive Valleys.
I expect Bitcoin will go up after breaking the upper line of the falling wedge pattern and touch my targets in my chart.
⚠️Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️
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 and updates; 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 Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) .
In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful.
Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) .
According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 .
I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours.
Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin .
⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️
⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️
What is your idea about Bitcoin, more dump or, again, pump❗️❓
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 and updates; 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 → a scalp positionhello guys.
I see a double hunt!
you can get a long position as a scalp one!
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✓✓✓ Always do your research.
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Bitcoin Analysis==>>End of Rally!!Bitcoin moved as I expected in the previous post and started to rise after breaking the Resistance zone($64,140-$63,820) .
Bitcoin was accompanied by two pieces of good news in the last 24 hours:
PayPal Opens Crypto Trading for US Businesses.
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.
Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ) .
According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave C . ( Actually, I think Bitcoin is still in corrective waves ).
Also, Regular Divergence (RD-) between Consecutive Peaks .
The CRYPTOCAP:USDT.D chart is moving in the Heavy Support zone , near the Support lines and the lower line of the Descending Channel . I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.
As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP CME:BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000 .
⚠️ Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000. ⚠️
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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BITCOIN → Bearish Pressure !!!Bitcoin failed to go beyond 67k so the price may fluctuate around $63800 In addition, the bearish wedge shown in the chart can be a negative signal.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Btc at confluence support. 68k still in playSince the beginning of the month, BTC has been in an uptrend, recently breaking above its previous high of 64,500. After reaching a high around the 66,500 zone, the price began to decline in what appears to be a correction.
Currently, the price is sitting right at a key confluence support level.
If we're aiming for a move toward 68k, the price needs to hold above this level and not close the day below it.
However, if the price drops below this support, there's a strong chance that we've reached a local top, and further losses may follow.
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily) , and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time .
According to the Elliott wave theory in the 15-minute time frame , Bitcoin seems to have finished main wave 3 ( extended wave ) and is completing main wave 4 . One of the signs is the completion of the main wave 4, the support line break .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . If the 1&4 hour candle closes below $63,000 , I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel .
⚠️ Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher. ⚠️
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) .
I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel .
Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900)
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
BtcUsd- Again at a juncture pointIn my previous BTC/USD analysis, I mentioned that as long as the 58k zone holds, a rebound to the 61,500 zone, with an extension to 64k, was likely.
Currently, the price is just below the second target, a critical point defined by horizontal resistance and the falling trend line from the channel.
Bulls need to break above this level for a strong final in 2024. However, if they fail to reclaim this zone, a drop to 50k becomes a strong possibility.
Bitcoin Needs Correction==>>Filling CME GapsBitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ).
Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that investors may prefer bonds to riskier assets such as cryptocurrencies as interest rates fall.
Bitcoin is currently moving in the Resistance zone($63,500-$61,460) , Potential Reversal Zone(PRZ) , near the 21_SMA(Weekly) and 200_SMA(Daily) , Yearly Resistance(3) and upper lines of the Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Zigzag correction(ABC/5-3-5) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
Before drawing a better conclusion, let's take a look at the USDT.D% and BTC.D% charts.
USDT.D% is moving near the Support zone , the lower line of the Descending Channel and the Potential Reversal Zone(PRZ) . I expect USDT.D% to rise at least to the Resistance zone again, bringing down the Bitcoin price .👇
BTC.D% is moving in a Heavy Resistance zone. According to Elliott's wave theory , BTC.D% seems to be completing the main wave 5 with the Ending Diagonal . I expect BTC.D% to start its downward trend soon, which could cause Bitcoin to fall more than other tokens .👇
Based on the above explanation, I expect Bitcoin to at least drop to the Support zone($60,000-$59,100) and Support lines and fill the CME Gaps .
Note: If Bitcoin can break the Resistance zone($63,500-$61,460), we should expect Bitcoin to rise to at least $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 and updates; 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's Rally Toward $62,000hello guys.
Inverse Head and Shoulders Pattern: The chart highlights a clear Inverse Head and Shoulders formation, a well-known bullish reversal pattern. The left shoulder, head, and right shoulder are well-defined, signaling a potential trend reversal from the previous downtrend.
Breakout Above the Neckline: The price has broken above the neckline, which confirms the reversal pattern. This is typically a strong bullish signal indicating further upward momentum.
Engulfing Pattern: An Engulfing pattern at the right shoulder supports the bullish case, suggesting the buyers are gaining control, pushing the price higher.
Next Target: The projected target for this breakout is $62,000, which is indicated on the chart. This would be the next key resistance level where traders might take profits or reassess positions.
Pullback Potential: There is also a possibility of a minor pullback to retest the breakout area (around $58,500), which would act as support before continuing upward.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
Bitcoin Analysis==>> Pump to $59,000==> Short termBitcoin is currently moving in the Support zone($55,780-$54,550) near the Support lines and 100_SMA(4H-TF) .
According to Elliott's wave theory , Bitcoin is completing microwave 5 of the main wave 5 .
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect Bitcoin to rise to at least $59,000 after breaking the Resistance line .
Note: We can expect more dumps if Bitcoin breaks the Support zone($55,780-$54,550).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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==>>Bearish Harmonic Patterns==>>Crab & SharkBitcoin moved as I expected in yesterday's post .
Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) .
It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern .
After breaking the small Support zone , I expect Bitcoin to attack the Support zone($58,000-$56,600) again.
Note: We can expect more pumps if Bitcoin breaks the Resistance line (over $61,000).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again.
According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) .
In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern .
We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 .
I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) .
Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least).
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 and updates; 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.