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₿itcoin is Ready to Fall again⏰(1-Hour)⏰✅₿itcoin started to grow as I expected in the previous post on the 1-hour time frame. 🏃‍♂️Bitcoin is currently moving near the 🔴 Resistance zone($27,600-$27,300) 🔴, Resistance lines , 🟡 Price Reversal Zones(PRZ) 🟡,🔵 100_EMA(Daily) 🔵 and Downtrend line . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing the last wave of the Double Three Correction(WXY) . 🔔I expect Bitcoin to start going down again after hitting the Resistance lines and the 🟡 Price Reversal Zones(PRZ) 🟡. 🔔The first 🎯Target🎯 of Bitcoin can be a Support line . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Ferrari to accept crypto for luxury car purchases: Reuters. California Signs Crypto Bill Into Law. Bloomberg Analyst Predicts Likelihood Of A Spot Bitcoin ETF By January 2024. Legendary Investor Jim Rogers Warns Era of US Dollar Dominance Is Coming to an End. US Government Has No Option Except Currency Debasement, and Bitcoin (BTC) Stands To Benefit: Bloomberg Analyst. First Stage of Bitcoin Bull Market ‘Well and Truly Underway,’ Says Analyst Jason Pizzino – But There’s a Catch. California Sets 2025 Start for Digital Asset Regulatory Framework. 🌐➖ Negative News ➖🌐: Cryptocurrency Exchange Volume Report Released: Here’s How Binance, Coinbase, Bybit and 10 Other Exchanges Performed -------------------------------------------------------------------------------- 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
38
BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise. In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye. Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing. I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed. If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies. Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin Analyze(Road map)🗺️⏰(1-Hour)⏰👋 Hi everyone. 🙏 First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an 📚 Educational aspect 📚. 🏃‍♂️Bitcoin is moving in the 🟢Support zone($26,880-$26,500)🟢 near the 🟣 Yearly Pivot Point($26,737) 🟣, Support lines and 🔵 50_SMA(Daily) 🔵. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing its 5th wave with the help of the Expanding Ending Diagonal . 💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys . 🔔I expect Bitcoin to move towards the Resistance line and 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the Expanding Ending Diagonal . ❗️ Note ❗️: Below the 🟢Support zone($26,880-$26,500)🟢 , Bitcoin has a 🔵 CME Gap($26,400-$26,290) 🔵, which I don't think Bitcoin will fill this gap in this attack, but if this zone is filled, the scenario will change . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx. Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain. Bitcoin Lightning Network growth jumps 1,200% in 2 years. Billionaire Paul Tudor Jones Still Likes Bitcoin Despite Price Drop. Tether Continues To Flow Into Exchanges. JPMorgan debuts tokenization platform, BlackRock among key clients: Report. Crypto HODLers Stash Bitcoin Worth $1.35B Each Month, Onchain Data Show. ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms. 🌐➖ Negative News ➖🌐: Crypto exchange Bitstamp to end Canadian services in January Jim Cramer thinks 'Mr. Bitcoin is about to go down big' -------------------------------------------------------------------------------- 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
58
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT Bitcoin price failed to overcome the resistance of 28000-28500. After breaking below the lower boundary of the parallel price channel, it has approached a retest of the global descending trendline, which will determine its future direction. Consequently, the price of BTC has moved downwards from the bearish flag pattern that has formed. If sellers manage to breach the support block at 26,000-26,500 and establish themselves below the trendline, the price could drop by the height of the flagpole, reaching approximately 25,000. This level could be a potential entry point for long positions. However, if sellers fail to push the price down immediately, a breakdown might occur after a retest of the lower boundary of the bearish flag pattern within the 28,000-28,500 resistance range. In this scenario, short entry points might be considered. It's essential to note that this scenario could be invalidated if buyers successfully surpass the EMA50 and the mentioned resistance block. In such a case, you may expect price action to close gaps at horizontal trading volume levels within the 1-hour Imbalance zone and potentially test the 30,000 resistance. 📉 Global view of the Bitcoin market On the daily logarithmic chart, Bitcoin's price has tested the confluence of the 200-day and 200-week moving averages but hasn't been able to break through them. Currently, we are witnessing a test of the global trendline. The RSI indicator has broken below the support line, indicating a further potential decline into oversold territory. It's essential to keep in mind that Bitcoin's price hasn't yet fully realized the bearish wedge pattern breakout. Additionally, there hasn't been a substantial correction of the overall upward movement that began this year, which we expect to occur in the 0.61-0.78 Fibonacci level range, approximately within the 20,000-25,000 zone. 📉 Analysis of zones and levels for making trading decisions The fear and greed index currently stands in the fear zone at 44. The overall market capitalization of the cryptocurrency market has decreased to $1.024 trillion, while Bitcoin's dominance index has risen to 50.89. Analyzing the accumulation of large order blocks in the order books, the demand and supply zones are situated at the following levels: 🟢 Demand Zone: 20,000 - 26,000 🔴 Supply Zone: 29,000 - 32,000 Levels for entering long positions: 25,000 - support block and trendline retest 23,000 - Point of Control (POC) zone 22,000 - 0.61 Fibonacci correction level 20,000 - 0.78 Fibonacci correction level 17,000-19,000 - Disbalance Zone 1H Levels for entering short positions: 28,000 - resistance block 29,000-30,000 - 0.78 Fibonacci correction level 32,000-35,000 - Disbalance Zone 1W 36,000-38,000 - potential trendline retest zone 40,000 - psychological resistance level 📊 Fundamental analysis Today, a significant number of options on Bitcoin (BTC) and Ethereum (ETH) are set to expire. In addition, today marks the deadline for the U.S. Securities and Exchange Commission (SEC) to file an appeal in the Grayscale case. The SEC's decision could have a substantial impact on the price of Bitcoin. On October 12th, the Consumer Price Index (CPI) was released, indicating a 3.7% inflation rate. The new data was 0.1% lower than expectations and suggests that inflation is not decreasing. This increases the likelihood of the Federal Reserve maintaining its monetary policy and reduces the chances of an interest rate cut in the near future. The U.S. stock market has already reacted to this with a slight drop in the S&P 500 index, which includes the largest U.S. companies. Meanwhile, the U.S. Dollar Index (DXY) continues to rise. 🌐 Upcoming macroeconomic events The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets: ➤ 19.10 19:00 - Speech of Fed chairman Jerome Powell. ➤ October 3rd at 17:00 - Job Openings and Labor Turnover Survey (JOLTS) data for August. ➤ October 12th at 15:30 - U.S. Consumer Price Index (CPI). ➤ November 1st at 21:00 - New Federal Reserve interest rate decision.
by TradeINEX
Potential BTC Drop: Brace for a Decline to $20,000As you may be aware, the recent volatility in the cryptocurrency market, particularly Bitcoin (BTC), has raised concerns among traders and analysts alike. Based on our analysis and observations, it is crucial to address the potential risks associated with BTC's current price levels. While Bitcoin has experienced an impressive rally in recent months, surpassing all-time highs, there are indications that a correction may be on the horizon. Our conservative estimates suggest that if BTC falls below the critical support level of $25,000, it could potentially drop further to around $20,000. Considering these possibilities, it is essential to evaluate your investment strategies and assess the potential impact on your portfolio. We strongly advise traders to exercise caution and consider taking appropriate measures to protect their positions. One such strategy that may be worth exploring is shorting BTC. Shorting Bitcoin allows traders to profit from a declining market by borrowing BTC and selling it at the current price, with the intention of buying it back at a lower price in the future. This approach can help mitigate potential losses and even generate profits in a bearish market. While shorting BTC carries its own risks and requires careful consideration, it can serve as a hedge against a potential downturn. We encourage you to consult with your financial advisor or conduct thorough research before implementing any shorting strategies. As always, we appreciate your trust and loyalty. Stay vigilant and stay informed.
BITSTAMP:BTCUSDShort
by bryandowningqln
Will BTC Experience a 50% Crash Based on Ichimoku 2021 PatternI am sharing a critical analysis regarding the potential future of Bitcoin (BTC) based on the Ichimoku Cloud 2021 pattern. While it is essential to approach such predictions with caution, I believe it is crucial to consider the indicators and make informed decisions. According to the Ichimoku Cloud 2021 pattern, BTC's current trajectory raises concerns about a potential 50% crash in the near future. This pattern has historically demonstrated some reliability, making it worth taking into account. However, it is important to remember that no analysis can guarantee exact outcomes, as the cryptocurrency market is highly volatile and influenced by various factors. Considering this pattern, it may be prudent to evaluate your trading strategy and consider the possibility of shorting BTC. Shorting allows traders to profit from falling prices, providing a potential hedge against significant market downturns. However, please note that shorting involves risks and requires careful consideration, as losses can occur if the market moves against your position. I encourage you to conduct your own research and consult with trusted advisors before making any trading decisions. It is vital to consider multiple indicators, market sentiment, and other factors that may influence BTC's price movements. Remember, the cryptocurrency market can be unpredictable, and it is always wise to exercise caution and implement risk management strategies. In conclusion, the Ichimoku Cloud 2021 pattern suggests a potential 50% crash for BTC in the future. While this analysis provides valuable insights, it is essential to approach it with caution and conduct thorough research before making any trading decisions. Shorting BTC may be a consideration, but please assess the associated risks and consult with trusted experts. Stay informed, stay vigilant, and make well-informed decisions. If you have any questions or would like to discuss this analysis further, please feel free to comment below.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC long scenarioBTC (arithmetic) - This wave 2/B/X count is a Sidways Double Combo in Elliott terms. That is a: W(zigzag), X(zigzag), Y(triangle). The X zigzag is awful. But what is interesting, is if you look at TOTAL chart (Total crypto market cap), that same wave is a clear zigzag. Why do I have (1)/(A)/(W)? This is because Bitcoin may not be doing a huge impulse as per 4-year cycle theory. It may in fact be putting in a huge corrective structure. Considering that the treasury yield curves inverted 12 months ago, be on the lookout for a recession, which would explain why BTC could be putting in a huge corrective structure. On my 1 hr chart, I suspected BTC would fall to 0.786 fibonacci. And it has tagged 0.786. But, by my count, I need one more wave down (if my count is correct), right into a demand zone. This is an excellent possibility, since: 1) If BTC just goes up from here, then no harm no foul 2) if BTC does one more wave down, it puts it close to the invalidation line (origin of the diagonal) allowing for a very small Stop Loss of about 1% . So limited damage for being wrong. Note: Pay attention to the invalidation numbers that I show on the 1 hr chart.
Long
by gz1968
1
BTC's Death Cross: An Opportunity to Consider ShortingAs many of you may already be aware, BTC has been experiencing a rather tumultuous period lately, with its price exhibiting a concerning trend. In the coming weeks, we are likely to witness a technical phenomenon known as the "Death Cross." This occurs when the 100-day moving average crosses below the 200-day moving average, indicating a potential bearish market sentiment. While past performance is not always indicative of future outcomes, it is essential to recognize that historically, the Death Cross has been associated with significant price downturns. In October, particularly, this pattern has ruined chances for profit in the past. Therefore, it is crucial to approach the current market conditions with a level-headed perspective. Considering the potential implications of the Death Cross, I encourage you to explore the possibility of shorting BTC. Shorting allows you to profit from a falling market by borrowing BTC, selling it at the current price, and repurchasing it at a lower price to return to the lender. However, it is important to note that shorting involves its own set of risks, including the potential for substantial losses if the market moves against your position. While this idea aims to provide you with valuable insights, it is essential to conduct thorough research and analysis before making any trading decisions. Always consider your risk tolerance, financial situation, and consult with a qualified financial advisor if necessary. In conclusion, the Death Cross looming over BTC presents an opportunity worth considering, but it should be approached cautiously. As traders, it is our responsibility to make informed decisions based on careful analysis and risk management. If you are interested in exploring shorting opportunities in BTC, I encourage you to conduct further research and analysis. Keep a close eye on the market trends and seek guidance from trusted sources. Remember to approach your trading decisions with a well-thought-out strategy and risk management plan.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin will ⚔️Attack⚔️ to Downtrend line⏰(15_min)⏰👋Hi, everyone. 🏃Bitcoin is running on 🟢 Heavy Support zone($27,600-$27,300) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. 🌊In terms of Elliott wave theory , Bitcoin seems to be completing a Zigzag Correction(ABC/5-3-5) so that wave B could end at 🟡 Price Reversal Zone(PRZ) 🟡. 🔔I expect Bitcoin to Attack the Downtrend line in the coming hours to complete Wave C . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: The user account "Satoshi" says that he/she will publish documents to prove her identity in 2024 (On Twitter). Bitcoiner drops BitVM paper — Bringing Ethereum-like contracts to Bitcoin. Weekly Crypto Inflows Surge by 370%, According to CoinShares. Bitcoin’s exchange balance plummets to five-year low. Arthur Hayes Says AI and Historic Money Printing Will Create ‘Most Epic’ Bull Market for Crypto. Former BlackRock Manager Says Prepare For $17.7 Trillion Inflow Into Bitcoin If This Happens. Bitcoin is a ‘super logical’ step on the tech tree — OpenAI CEO. Bitcoin Is Better Than Digital Gold: Matrixport. South Korea’s Crypto Market Cap Leaps to $21.1 Billion in H1 🌐➖ Negative News ➖🌐: Binance users in Hong Kong lose $450K in wave of fraud texts: HK police. Huobi & KuCoin Added to UK Warning List for Operating Without Registration. Binance Losing Market Dominance at Rapid Pace. Instagram’s Stance on Bitcoin: Why Accounts Get Suspended. Bitcoin Could Plunge by Nearly 50%, According to Crypto Analyst Nicholas Merten – Here’s Why. Stablecoin Market Hits 2-Year Lows In Terms Of Market Cap – What’s Going On? Bitcoin Mining Giant Bitmain Halted Employee Salaries. -------------------------------------------------------------------------------- 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
52
BTC Trading Alert: Exercise Caution Immediately with $28300I am reaching out to provide you with an important update regarding the current Bitcoin (BTC) market and the potential target price of $28300. As you may be aware, BTC has been displaying considerable volatility and has recently approached the target price of $28300. While it is challenging to predict the exact outcome, it is crucial to exercise caution and consider the potential risks associated with further trading at this time. Given the uncertainty surrounding the market, I would like to encourage you to pause your BTC trading activities temporarily. This recommendation is made to ensure the safety of your investments and to mitigate any potential losses that may arise from the current volatile conditions. By pausing your BTC trading, you will have the opportunity to reassess the market situation, evaluate the risks involved, and make informed decisions based on a more stable market environment. Remember, the cryptocurrency market is highly unpredictable, and it is essential to prioritize the preservation of your capital. Taking a step back from trading during this uncertain period will provide you with an opportunity to gather more information, analyze market trends, and potentially avoid any unfavorable outcomes. Please note that this idea serves as a cautionary advice, and ultimately, the decision to pause BTC trading is entirely up to you. However, I strongly urge you to consider this recommendation seriously, as it may help protect your investments from potential losses. Should you have any questions or require further assistance, please do not hesitate to reach out by commenting below.. We are here to provide guidance and support during these challenging times. Thank you for your attention and understanding. Stay safe and make informed decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Are Bears in Control of BTC's Price Movements?As we all know, Bitcoin has experienced an unprecedented rally over the past year, reaching new all-time highs and capturing the attention of both institutional and retail investors. However, recent market movements have raised concerns about the presence of bearish forces attempting to control the price and limit its upward momentum. The idea of bears influencing BTC's price movements below the $28,000 threshold is not to be taken lightly. It is important to remember that the cryptocurrency market is highly volatile and subject to various external factors. Hence, it is prudent to pause and reflect on the current situation before making any hasty decisions. In light of this observation, I encourage you to consider the following: 1. Analyze the Market: Take a step back and conduct a comprehensive analysis of the market trends, including technical indicators, historical price patterns, and emerging news. This will provide you with a clearer understanding of the broader market sentiment and potential bearish influences. 2. Diversify Your Portfolio: While Bitcoin remains a significant player in the cryptocurrency space, it is essential to diversify your holdings. Consider exploring other digital assets that may offer different risk-reward profiles, thereby mitigating potential losses associated with any prolonged bearish pressure on BTC. 3. Stay Informed: Continuously monitor market developments, industry news, and expert opinions. This will enable you to make informed decisions based on a holistic understanding of the cryptocurrency landscape, rather than relying solely on short-term price movements. 4. Exercise Caution: Be mindful of the risks associated with trading in a volatile market. Set clear risk management strategies, establish stop-loss orders, and maintain a disciplined approach to your trading activities. Remember, patience and prudence are key virtues in times of uncertainty. While the notion of bears exerting control over Bitcoin's price movements may raise concerns, it is vital to approach it with a rational mindset. By carefully evaluating the available information and adopting a cautious trading approach, you can navigate these uncertain times with confidence and resilience. I invite you to share your thoughts, insights, and perspectives on this matter. Together, we can foster a community that thrives on knowledge, collaboration, and informed decision-making.
BITSTAMP:BTCUSD
by bryandowningqln
BTC 1H Comrades, Bitcoin is suffering between $28,500 and $27,150. This analysis is in a one-hour time frame and only gives you a view of a maximum of two days. Well, in this area, you can short in the upper areas and long in the lower areas with specific stops and targets Now, if one of the areas is broken, it can move in that direction. I think it will probably break above 60-70% and fall one time frame above the supply area. If you want not to trade in the opposite direction, be careful in taking short positions
by chzmahdi84110913
BTC Hovers Around $28,000: An Opportunity for Long Positions?As we navigate through these uncertain times, it is crucial to approach the market with caution and carefully consider our trading strategies. Bitcoin has shown remarkable resilience in recent months, despite the ongoing volatility. With its recent stability around the $28,000 level, some traders may view this as an opportunity to explore long positions. However, it is important to approach this decision with a cautious mindset, considering the inherent risks involved in cryptocurrency trading. While the current price level may seem attractive for long positions, it is essential to thoroughly analyze market trends, conduct technical analysis, and evaluate any potential catalysts that may impact Bitcoin's price movement. As traders, we must always remember that past performance does not guarantee future results. Considering the current market conditions, I encourage you to take the following steps before making any trading decisions: 1. Conduct thorough research: Stay updated with the latest news and developments surrounding Bitcoin. Evaluate market sentiment, regulatory changes, and any significant events that may influence BTC's price. 2. Perform technical analysis: Utilize various technical indicators and chart patterns to identify potential entry and exit points. Implement risk management strategies, including setting stop-loss orders, to protect your capital. 3. Diversify your portfolio: Consider spreading your investments across various cryptocurrencies and traditional assets to mitigate risk. This approach can help safeguard your portfolio against potential downturns in the crypto market. 4. Consult with trusted sources: Seek advice from reputable experts, financial advisors, or fellow traders to gain different perspectives and insights. Engage in discussions within trading communities to enhance your knowledge and refine your strategies. Remember, trading cryptocurrencies involves inherent risks, and it is crucial to make informed decisions based on thorough analysis and risk management practices. Be mindful of the market's unpredictability and never invest more than you can afford to lose. In conclusion, while Bitcoin's stability around the $28,000 level may present an opportunity for long positions, I urge you to approach this decision with caution. Conduct thorough research, perform technical analysis, diversify your portfolio, and seek advice from trusted sources before making any trading decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln