BTC - H&S Pattern point $25K Short TermHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and weak price action on BTC indicates that sellers are dominating the short term, with a nasty Head and Shoulders pattern showing up in the 4h.
Shorting Bitcoin can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to reckless gambling more often than not. Savvy traders wait patiently for ideal opportunities with defined risk-reward ratios. Also, the risk-reward setup isn't ideal for a leveraged position right on BTCUSDT.
BTC grabs attention when it moves, but plenty of other assets offer worthwhile trading opportunities. Expand your watchlist across stocks, forex, commodities, indexes, and more. Evaluate which markets are exhibiting solid technical setups right now. Don't feel pressured to trade BTC just because it's moving. Sometimes the best trade is no trade if conditions aren't ideal. There are other opportunities with better risk-reward setups than Bitcoin.
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Bitcoin to 21k confirmedFor the past couple of weeks, we've been playing with two scenario's for Bitcoin.
The first one claims the bottom of the last daily cycle was at the last green arrow (17 August), and the top at 29 August.
The second one challenged the first one by claiming the bottom was found at 11 September, meaning that the current cycle still had to find a top (which would be close to 32k).
In my opinion, the first scenario has been confirmed when the price failed to break the resistance line, creating a failed rally. The price has now returned back to support.
The more a support line gets hit, the weaker it becomes.
We're now at day 39 of the daily cycle. This means that we're nearing the end of the cycle. I believe that it will end in a volitle move to the downside.
Bull Run For BTC Traders. My Trade Lookout. {24/09/2023}Educational Analysis says BTCUSD may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker Binance.
Because BTCfair value gaps are unfilled in a 4-hour time frame.
So one trade is already on with RR is 1: 17.43
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
As we specified in the previous analysis, Bitcoin's movements were limited in the green structure that was specified in the previous analytical idea. For this reason, the price started to fall from the level of 28 thousand dollars and could not stabilize at higher levels. Why?
Because at that time there was no catalyst to stabilize the price. I expected the price to receive this catalyst after reaching the September 1-3 time zone, but the sentiment remains negative for Bitcoin.
In this week, bitcoin price continues to move in an ascending channel (in yellow).
The news around Bitcoin makes it more likely that the Bitcoin ETF will be approved.
As the probability of ETF approval increases, the green path and the bullish scenario will strengthen.
On the other side, if the price breaks the yellow channel from the bottom and behaves indifferent to the red fork structure, there is a possibility that the price will go down to the yellow area.
Overall, in my opinion, as long as the price of Bitcoin does not fall below the $23,000 level, there is a possibility that it will go higher.
But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario.
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🚨Bitcoin Fall after the failure of the Uptrend line🚨⏰(1-Hour)⏰✅Bitcoin managed to break the Uptrend line a few minutes ago.
🌊According to the theory of Elliott waves , Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴 Resistance zone($27,000-$26,350) 🔴 and near the 🟣Yearly Pivot Point($26,719))🟣 .
🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯 Target 🎯 I specified in the chart.
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🌐➕ Positive News ➕🌐:
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients.
North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
🌐➖ Negative News ➖🌐:
Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins.
Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex.
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing
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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; 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 ready to Fall again 🗺️(15-Min)🚨🚶♂️Bitcoin has been moving in an Ascending Channel for several hours.
🌊According to Elliott wave theory , Bitcoin seems to be forming a Double Three Correction (WXY) .
🔔I expect Bitcoin to fall at least to the Target I specified in the chart after Breaking the ascending channel.
❗️ Note ❗️: If Bitcoin breaks the ascending channel, the scenario will probably change
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🌐➕ Positive News ➕🌐:
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
🌐➖ Negative News ➖🌐:
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
Coinex confirmed its platform was hacked.
Coinbase to Face ‘Reality Check’ as Retail FOMO Is Fading, Mizuho Says.
Asia Remains Strong as Global Crypto Adoption Declines
Binance.US cuts third of staff as CEO Brian Shroder leaves.
US CPI inflation increases to 3.7% in August vs. 3.6% anticipated.
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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.
BTC Bitcoin Technical Analysis and Trade IdeaIt's evident that Bitcoin has faced sustained downward pressure for a considerable period. A close examination of the chart reveals a decisive breach of the existing trading range to the downside, followed by a subsequent retracement. In our discussion, we explore the prospect of a potential entry point, while also carefully analyzing certain adverse indicators that are clearly visible on the chart. It's crucial to emphasize that all insights and analyses are comprehensively explained in the accompanying video and should not be interpreted as financial advice.
My prediction for BTCUSD - Correction and continuation upHi Everyone,
Here's my prediction for Bitcoin in the next few months:
By the looks of it, we should see a slowdown in this spike upwards in the next few days, which will then likely form a Dogi candle (#dogicandle) on the Monthly timeframe.
With a Dogi candle in place, we will then start to see a formation of the Evening Start pattern (#eveningstar), which indicates a change in direction.
If these statements are confirmed, we should be seeing a correction from the recent strong bullish momentum - and it could correct towards as low as 19,000 area!!
With a correction towards 19k area, the technical analysis would be showing a double bottom pattern (#doublebottom), which will then indicate that the correction has been completed and the market is ready to move back up and continue to a, hopefully, all time high! (#ATH)
Of course, the speed of this movement will depend on the volume getting into the market and I believe that news could play a key role in bringing these movements into the chart.
Get ready to BUY BTC dips, but you don't need to rush as these patterns should develop throughout the next few months.
Let me know your thoughts!
BTCUSD Long Term BUYING Trading IdeaHello Traders
In This Chart BTCUSD DAAILY Forex Forecast By FOREX PLANET
today BTCUSD analysis 👆
🟢This Chart includes_ (BTCUSD market update)
🟢What is The Next Opportunity on BTCUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BTCUSD 4H (Pivot Price: 25612)BITCOIN
stabilizing above 25982 will support rising to touch 26753 then 27416 then 28326
stabilizing under 25612 will support falling to touch 25303 the 24656
Pivot Price: 25612
Resistance prices: 26753 & 27416 & 28326
Support prices: 25303 & 24656 & 24039
timeframe: 4H
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BTC Hits New Support Level at $24800Introduction:
In the ever-volatile world of cryptocurrency, Bitcoin (BTC) has recently encountered a significant shift as it reached a new support level at $24800. This sudden development has raised concerns among traders, prompting a need for caution and careful evaluation of the market conditions. In this article, we will delve into the implications of this support level and emphasize the importance of waiting for clarity before resuming Bitcoin trading.
The Importance of Support Levels:
Support levels play a crucial role in technical analysis, indicating a price point at which an asset is expected to find buying interest and reverse its downtrend. They act as a safety net, preventing prices from plummeting further. The recent establishment of a support level at $24800 for Bitcoin suggests a potential stabilization in its value. However, it is essential to remember that these levels are not guarantees but indications of possible reversals.
The Concerning Tone:
Traders, we find ourselves in uncertain times. The cryptocurrency market has always been known for its volatility, and the recent developments surrounding Bitcoin only add to the confusion. As we navigate through uncharted waters, it is crucial to approach this situation with a concerned tone. Instead of hastily jumping into trades, we must exercise patience and wait for clarity to emerge.
Why Pause Bitcoin Trading?
Given the current circumstances, it is prudent to pause Bitcoin trading until we understand the market's direction. Here are a few reasons to consider:
1. Market Sentiment: Establishing a support level at $24800 is a positive sign but does not guarantee an immediate upward trend. Assessing market sentiment and observing traders' reactions to this new support level is crucial before making any hasty decisions.
2. Volatility and Risk: Bitcoin's recent volatility has left many traders on edge. Sudden price swings can result in significant losses if not approached with caution. We can minimize the risks associated with uncertain market conditions by pausing trading.
3. Clarity is Key: Waiting for clarity is essential to make informed trading decisions. It allows us to evaluate the market trends, monitor price movements, and analyze the impact of external factors that may influence Bitcoin's trajectory. We can avoid impulsive actions driven by fear or uncertainty by exercising patience.
The Call to Action:
Traders, in these uncertain times, must prioritize caution and prudence. It is crucial to continue pausing Bitcoin trading until clarity emerges and a clear upward trend is established. By doing so, we can mitigate potential risks and make informed decisions based on market stability.
Remember, the cryptocurrency market is highly unpredictable, and impulsive actions can lead to significant losses. Take this opportunity to educate yourself, stay updated with market news, and seek guidance from trusted sources. Together, we can navigate this challenging period and position ourselves for success when the market stabilizes.
In conclusion, let us exercise patience and restraint until the market provides a more straightforward path. We can make informed decisions and protect ourselves from unnecessary risks by waiting for clarity to show a definitive upward trend. Stay informed, stay cautious, and most importantly, stay resilient.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research and consult a professional before making investment decisions.
BTCUSD 4H (Pivot Price: 25612)BTCUSD
stabilizing above 25982 will support rising to touch 26753 then 27416 then 18326
stabilizing under 25612 will support falling to touch 24656 the 24039
Pivot Price: 25612
Resistance prices: 26753 & 27416 & 18326
Support prices: 24656 & 24039 & 23314
timeframe:4H
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Bitcoin Reaches Close to Death CrossI write to you with a cautious tone as a significant development is occuring in the Bitcoin market: the dreaded "death cross."
As many of you may already know, the death cross is a technical pattern that occurs when an asset's short-term moving average crosses its long-term moving average. In simpler terms, it signifies a potential shift in market sentiment from bullish to bearish. Unfortunately, our beloved Bitcoin has just experienced this ominous event.
While it is crucial to acknowledge that technical analysis is not always an accurate predictor of future price movements, the death cross has historically been associated with increased selling pressure and a potential downtrend. This pattern has caused concern among traders, prompting us to take a momentary step back and reevaluate our strategies.
Considering this development, I encourage you to exercise caution and consider pausing Bitcoin trading. It is essential to reassess your risk tolerance, evaluate your investment goals, and diversify your portfolio to mitigate potential losses. Remember, preserving capital is just as important as generating profits.
As seasoned traders, we understand the allure of cryptocurrencies and the potential for significant returns. However, it is crucial to remember that the market is highly volatile and subject to rapid changes. Taking a momentary pause to analyze the situation and gather more information can be wise.
I urge you to stay informed about the latest market trends, news, and expert opinions. Consult financial advisors or trusted sources to gain insights and make informed decisions. Remember, knowledge is power in the world of trading.
While feeling uncertain during such times is natural, it is also important to remain level-headed and disciplined. As the saying goes, "The market is always right." By exercising caution and adapting our strategies accordingly, we can navigate through these challenging times and position ourselves for future opportunities.
In conclusion, I encourage you to pause Bitcoin trading, reevaluate your approach, and gather more information before making any hasty decisions. Let's take this moment to reflect, learn, and adapt our strategies to the current market conditions. Together, we can navigate these uncertain times and emerge stronger.
BITCOIN--> Waiting for the last crash 3 years We will compare them to each other and they are 2015 , 2019 , 2023.
and we use 200 ema on all these years.
🔸 let's begain with 2015
- we can notice that after that retest ... price breakout the 200 ema... we will find that correction reach about 23% before bullrun as shown in the chart.
- this breakout and start of correction to the lowest point was in august
🔸 we can notice that the same with 2019
- price breakout 200ema ,,, retest ,,, make correction but this time reach about 53% before bullrun.
-- this breakout and start of correction to the lowest point was in september
🔸 is this scenario repeated now in2023?
lets see..:
-breakout 200ema and trading above ,,, several times of retest,,, and now breakout the 200ema and trading below a few days ago... according to 2015, 2019 scenario shown in the chart we can expect one of these 2 levels is the bottom (20k)or(12k) then start the bullrun.
-- this breakout of 200EMA and start of correction happen in august as will.
This is not coincidence, my friend... it really happen as u see in the chart.
tell me in the comment wich scenario u recommend to happen.?
🔸according to that i expect there is a last drop will happen and this will be in the Q4 then start bullrun...then u have a good point to buy .
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Bitcoin (BTCUSD) price has resumed its declineBTCUSD
The price of Bitcoin (BTCUSD) traded with noticeable negativity one day, reaching the $27,000.00 barrier, reinforcing expectations that the bearish trend will continue to dominate during the coming sessions, recalling that our main awaited target is at 26640.85.
The current positivity of the Stochastic indicator may cause some temporary sideways fluctuation before resuming the expected downward bias, which will remain in place provided it remains below the 28325.00 level.
The expected trading range for today is between the support 26600.00 and the resistance 27500.00
BTCUSD US Federal & 4H (Pivot Price: 27293)BTCUSD
US Federal
The Federal Reserve this month stepped up scrutiny of banks' involvement in cryptocurrency assets, in the latest move by US regulators to curb activity in the US crypto industry.
The US Federal Reserve said that it has put in place a program to strengthen oversight of the activities of the banks it supervises, which are engaged in providing services related to digital assets and the crypto industry.
stabilizing above 27293 will support rising to touch 28287 then 29064 then 29840
stabilizing under 27293 will support falling to touch 26003 the 24694
Pivot Price: 27293
Resistance prices: 28287 & 29064 & 29840
Support prices: 26003 & 24694 & 23324
timeframe: 4H
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