BTC.D still building up and 40K target remains.Haven't shared this in a while. This is a 3D Wyckoff BTC.D Accumulation chart. And we have been in the final climax buildup zone for a while, and whenever we go to 3D Breakout resistance line at 49%, we dump and whenever we tap the Buildup Support line at 47%, we pump. So, nothing has changed from this perspective, and we can pump to 40K as per this.
Just to be clear I am not saying we will rally to 40K, it's just I have been tracking this chart since BTC entered the 3D build up zone and 40K is a target I had based on this chart and so far, nothing has changed.
Another interesting thing to note here is the volume divergence, In the chart to the bottom which shows btc price I have highlighted the Volume supported move in yellow lines and volume divergent moves in blue, the previous volume divergent move gave us a bottom at 15K, and we are again seeing the same volume divergence with this dump from 31K.
Again, this does not mean we are about to pump; the volume divergence can continue for a while (Weeks and months) there is no technical limit to it, but we usually see a pump if we see a level hold for a long time with volume divergence.
What is volume divergence?
Volume divergence takes place when we see volume in a downtrend when an asset is trending. So whatever trend the asset is in, up or down we want to see either volume go sideways or up with it , but if we start to see volume go down with a trending move , that's divergent volume , it means less and less people are willing to participate in the current trend which ultimately lead to complete exhaustion of people from the trend and a reversal follows with volume convergence.
Btctrend
The Bitcoin 5.3 Theory The Bitcoin 5.3 Theory
The Bitcoin 5.3 Theory was discovered and propagated by Steve Courtney of Crypto Crew University.
I wanted to create a chart that explained how the The Bitcoin 5.3 Theory works visually without to much complication.
- The BTC 5.3 Theory has had an accuracy of 94% - 99% at predicting the Bitcoin All Time Highs (ATH) to date.
- As shown in the chart the formula is as follows: Last Cycle Price Increase ÷ 5.3 x Price Low = Percentage increase to the next ATH.
- I have shared a spreadsheet showing this on another platform, regardless the chart illustrates it.
- The current projection is approximately $77,005 for the next ATM which is lower than what a lot of people are expecting.
- The $80,000 level should be a focal point for us all factoring in the 100% long term Fibonacci extension level from the March 2020 lows is also $83,000.
If you note any error or changes required please let me know, I have tried to get this as accurate as possible
Puka
bitcoin long setup for short term Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
BITCOIN 23May2023BTC hasn't shown any significant bullish movement in the last 7 days, looking at the charts that tend to be sideways. The elliot wave notation shows it is still in the wave 2 area, I can't predict how long this correction will last, but when you are an investor, maybe now can be a reference to buy BTC bit by bit
BTC trading signal analysis
Just like the analysis I gave you earlier, we successfully achieved our expected profit target in the last trading cycle.
The current trend of the market is relatively stable. I judge that there will not be much volatility in the short term. Friends who have already made a profit in the last trading signal can consider choosing to short at the right point.
Specific trading strategies:
BTC:sell@27500-27600 TP26600-26400
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
BitcoinFor the first time in a long time, the price of Bitcoin has moved out of the channel range. In order for it to return to the channel, something significant and positive needs to happen in the market that would trigger a pump. Currently, we only see a potential interest rate increase, possible rise in the dollar index, and discussions about recession and ways to solve these issues. There is no talk yet about risk-on assets. These factors lead to the thought that there may be a final short squeeze before a downward movement or an immediate downward trend. If we look at previous summer months, they have often been associated with a decline. What are your thoughts on this?
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
Since mid-March, a sideways movement continues between $25860 and $31000 as an All-Time High (ATH).
In the present phase, a symmetrical triangle has been formed, where a price breakout is expected soon.
The Support area occurs from the extension of the golden ratio of the last Fibonacci retracement.
The Resistance area occurs, if we reverse the golden ratio of extension of the Fibonacci retracement starting from 15/03/2023.
Another conclusion, is that the price is expected to fluctuate within the Descending triangle that has been formed since 06/05/2023, until the price breakout occurs.
Finally, a hypothetical scenario is that the price may follow the slightly resized footprint (Bar Pattern), of a previous price movement (fractal).
Bitcoin (BTC) = $26,928.54 -0.54% (1d)
Market Cap: $1,126,847,982,844
24h Vol: $30,866,809,616
Dominance:
BTC: 46.3%
ETH: 19.4%
Good Luck
#CryptoHellas Team
long-term TPI update on BTCAs of right now, on the long term, BTC isn't looking as strong as it did at the start of this rally. We were neutral until the 13th of may, where we entered a bullish TPI score (above 0.2)
This TPI strength isn't conclusive, and I still think there is a big risk of us going down slightly. Expect market to be ranging for the next weeks
bitcoin short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
BTC-24 MONTH PRICE EXPECTATIONSHalving History Performance
A zoomed in view of yesterdays chart. The chart below illustrates the two prior halving cycles fractals 1 year pre & post the halving date.
Whilst past performance is no guarantee of future returns, the chart can help us frame the 24 month period ahead of us and give an idea of reasonable price expectations.
Reasonable Price Expectations
May 2023 - April 2024:
$19,150 to $44,284
(Average $31.7k)
May 2024 - April 2025:
$28,790 to $86,000
(Average $57.4k)
bitcoin short setup BTCUSDT SELL Now
price now is: 27500$
Sl: 27800$ , -300$
Tp: 26900$ , +600$(1:2)
TP2: 26500$ , +1000$
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
BTC/USDT ANALICESbtc
Currently, it is stuck in the range of 26,900 to 26,600, it will break from either side and move in the same direction. In my opinion, it will either fall from the 30-minute order block, or it will go up and fall from the $27,100 order block, which is more likely to happen.
If it falls, the targets will be 26600 / 26500 / 26160 / 25900
In general, my opinion is on the decline.
BTC FALL BASED ON GAP AND H&S AND TRENDLINE.The good thing that is happening is that the head and shoulders pattern has been confirmed and the acceptance of the fall of Bitcoin has become accepted in the society and the fall will definitely continue until the trend line.
TP1@25381
TP2@20486
1. H&S CONFIRMED.
2. TRENDLINE CONFIRMED.
3.MARKET READY AND ACCEPT FALLING.