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.
Btcsignals
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.
Bitcoin is Ready to PumpBitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel .
According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel .
I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel .
Note: If Bitcoin goes below the Resistance zone($55,720-$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.
BTC BUY ZONEBTC/USDT Analysis: 4-Hour Timeframe 📊
The chart presents Bitcoin (BTC) on a 4-hour timeframe, displaying key forecasted Buy signals. Below are the significant dates for potential trading opportunities:
🟢 September 9, 2024, 01:00 PM - Buy Date (Green Line):
This marks a local bottom, signaling a potential opportunity to accumulate long positions. Expect the price to decrease leading up to this point, presenting favorable conditions for entry.
🟢 September 30, 2024, 09:00 PM - Buy Date (Green Line):
Another forecasted local bottom, offering a good time to enter long trades again as the market is likely to move downward before this date.
🟢 October 9, 2024, 05:00 PM - Buy Date (Green Line):
Yet another significant local bottom forecasted for this date, giving another opportunity for long entries after a likely price decline.
🕒 Note: All times are based on Los Angeles time (UTC -7). There may be a slight margin of error of 1-2 candles, depending on the timeframe. Always verify the signals with higher timeframes for a comprehensive perspective.
Bitcoin Roadmap!!!Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600) .
From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Reversal Pattern , and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin .
From the point of view of Elliott wave theory , Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5) , which was the end of wave C , $55,600 .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
A head and shoulders pattern could form , causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible 👇
I expect Bitcoin to move according to the movements I have outlined in the chart .
Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC As expected testing $56,557 support, Next key support at $54,364, Failed to follow up on bullish engulfing on 1D which was pretty clear yesterday. RSI on 4H almost in oversold region, $58,882 will resist, $61,953 key resistance. $52,529 next key support after $54,364.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Last 4h closed with bearish pin bar, testing $58,882 support with potential of follow thru to previous bearish close on current 4H, on the other hand 1D closed with bullish engulfing but considering current volume and everything seems tough for it to follow up, $58,290 next support area and key support at $56,557.
BITCOIN Heavily supported by the 1WMA50. Rally can start anytimeBitcoin (BTCUSD) has been following very closely the structural patterns of past Cycles and one analysis we did on the similarity sequences with cyclical fractals has been the following (September 19 2023):
As you can see, BTC followed the exact path we plotted and did what was expected by breaking above the 1W MA100 (green trend-line). With the price basically consolidating for the past 6 months (Bull Flag/ Channel Down), it is time to revisit this successful chart and see what lies next.
With some modifications, we can see that after successfully holding the 1W MA50 on the early August test, the price should (relative to the past 2 Cycles), start the new Parabolic Rally (green Arc). We are 147 weeks (1029 days) from the previous Cycle Top and 21 weeks (147 days) since the Halving. In past Cycles that was the exact point ('we are here') where Bitcoin initiated the aggressive rise.
In all cases the 1W MA50 held, so that is the market's goal now, to keep it intact so that buyers don't lose the psychological Support level. If it holds, breaking above the $100k should be a minimum expectation, especially ahead of this month's start of an Interest Rate Cut Cycle and the U.S. elections (traditionally markets are bullish post event) in November.
But what do you think? Do you share the same kind of optimism as this chart does? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BTC / BITCOIN / BTCUSDT🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉
The BTC/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE: August 31, 2024, 8:00 PM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating BTC or entering long positions.
• BUY DATE: September 1, 2024, 7:00 AM - Green Line: Another potential local low, suggesting a moment to consider entering positions.
• BUY DATE: September 3, 2024, 7:00 PM - Green Line: A further indication of a potential local low, which might offer a favorable entry point.
When working with this 1-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Bitcoin Analysis==>> Pumping Again==>>Short termBitcoin moved towards the Support zone($58,520-$57,100) as I expected .
Bitcoin is moving in the Support zone($58,520-$57,100) .
According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave .
I expect Bitcoin to start rising again from the Fibonacci levels to my targets .
Note: If Bitcoin loses the Support zone($58,520-$57,100), we should expect Bitcoin to fall to $55,000(at least).
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 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 Deep Crab Harmonic PatternAs I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different .
Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) .
Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the Resistance line and the Resistance zone .
According to Elliott's wave theory , Bitcoin is completing corrective waves after completing five bearish waves .
I expect Bitcoin to drop to at least $59,400 after breaking the Support line , and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200) .
Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.
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 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==>>Filling CME Gap==>>Short termBitcoin was accompanied by increases and decreases ( high momentum ) in the past days.
Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) .
I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) .
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 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==>> Attack to Resistance zoneBitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) .
One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to attack again the Resistance zone($58,500-$57,000) .
Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600.
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 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.