BTCUSD: $33000 AND THEN $37000Hope everyone having a great weekend, we need to address few things in here, firstly we expecting price to breakthrough consolidation and create a expansion retracement. Price needs to fill the voided area and as the price is bullish, it is very unlikely for price to drop heavily as there are no major economical data supporting it.
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Btcusdtanalysis
🗺️Bitcoin Roadmap🗺️⏰(15_minute time frame)⏰🏃♂️ Bitcoin is moving near Potential Reversal Zone and Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing wave 5 .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔 I expect Bitcoin to reach at least the 🎯Target🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Rebound at the bottom of BTC boxHi friends, nice to meet you. I brought you a bitcoin answer sheet that you're really curious about
It is moving in the BOX pattern and drawing a little BEARISH EXTENDED WAVE.
If it break through wave, It will break through the next fallow image's short-term RED downtrend line and the upper zone and will go to the recent high, which is the end of the box's upper.
🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend .
🏃♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback .
🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 .
🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 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🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame .
🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Bull FlagCME:BTC1!
Possible Bull Flag on CRYPTOCAP:BTC
Measured move approx 96400. Could we get a Fakeout as the ignition for this move.
Post Bitcoin Halving ... markets look just as exciting.
Aggressive entry on candlestick currently printing (not closed on D)
Always have Plan A and Plan B and manage Risk.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Bitcoin Is Ready to Fall⏰(1-hour time frame)⏰🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) .
📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Bitcoin to start falling after breaking the Support lines(weak) , at least until one of the Fibonacci lines .
💡To have a better view of Bitcoin , I suggest you look at the post below (4-hour time frame) .👇
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
BTCUSDT at daily support, likely to head to at least 66500We expcted a pullback from 4h resistance 4HR1 and thats now a reality. The price has been rejected from 4HR1 and now it has come down to the daily support zone.Our decision to take profit at 4HR1 and then look for long opportunity on pullback was a optimal one. According to my mention in the last post, I am sharing the setup for the new long opportunity on this pullback.The price is likely to bounce from here and head towards 66500 zone at least. Lets see where we go from here. Let me know your thoughts in the comments.
Bitcoin halving: Why it’s important for BTC scarcityGood day, traders
The Bitcoin Halving has happened again.
~1st Halving (Nov 2012): BTC price was $12.0. It reached its highest price ever at $1163.
~2nd Halving (July 2016): BTC price was $638.51. Then, it skyrocketed to a new all-time high of $19333.
~3rd Halving (May 2020): BTC price was $8475. It later surged to a new record of $68982.
~4th Halving (April 2024): BTC price is now $63839. What will the new all-time high be?
What's different this time around?
1. A Bitcoin Spot ETF is in play.
2. Big institutions and investors are jumping in.
3. More people are aware of cryptocurrencies.
4. Governments are making new rules for cryptocurrencies.
5. Cryptocurrencies like Bitcoin are being accepted globally.
Let's get to the topic
Bitcoin's halving is a critical event that helps establish Bitcoin's value as a digital asset. It reduces the rate at which new Bitcoins are created, enhancing its scarcity and potentially positioning it as a reliable store of value for the digital era, more fluid than real estate or gold.
In the most recent halving, which occurred at the 840,000th block, the reward for mining a new block dropped from 6.25 BTC to 3.125 BTC. This reduction in mining rewards means that fewer new Bitcoins are entering circulation, making existing Bitcoins more scarce.
Karim Chaib, CEO of crypto platform Dopamine App, explains why this matters:
"Scarcity is a basic economic concept that impacts asset value. By design, Bitcoin becomes scarcer over time due to the halving events, which decrease its supply at a predictable rate."
Bitcoin's halving is built into its code and occurs approximately every four years, or every 210,000 blocks. The first halving was in 2012, when the reward went from 50 BTC to 25 BTC per block. Since then, the reward has halved again in 2016 and 2020, and now stands at 3.125 BTC per block.
This predictable scarcity sets Bitcoin apart from assets like gold, which can become less scarce over time as technology improves mining efficiency. Bitcoin, with its fixed supply limit of 21 million coins, is designed to be immune to inflationary pressures.
In summary, Bitcoin's halving events ensure its scarcity over time, boosting its potential as a valuable digital asset compared to traditional stores of value like gold.
This is just for informational purposes.
Thank you for reading.
BTCUSD Bullish Momentum Anticipated from Key Support LevelBTCUSD is currently exhibiting a Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by distinct price swings that form geometric structures. As per our analysis, the pattern is nearing completion, with Point D aligning with a crucial support level.
Trendline Analysis:
In conjunction with the Harmonic Pattern, a trendline has been identified, further reinforcing our bullish outlook. The convergence of the Harmonic Pattern and the trendline at Point D enhances the significance of this level as a potential entry point.
Trade Setup:
Entry: Long position entry is recommended at 64690, reflecting our anticipation of a bullish momentum shift from Point D.
Stop Loss: To mitigate downside risk, a stop loss is advised at 59600, safeguarding against unexpected market fluctuations.
Profit Targets:
We have identified multiple profit-taking levels to capitalize on potential upward price movements:
TP-1: 69760
TP-2: 74834
TP-3: 79870
Rationale:
The technical setup indicates a favorable risk-reward ratio, with Point D coinciding with a key support level and the formation of a Harmonic Pattern. This, coupled with the establishment of a trendline, strengthens the bullish bias.
Conclusion:
In summary, based on the analysis of the Harmonic Pattern formation and trendline dynamics, we advocate for a long position in BTCUSD with an entry at 64690 and stop loss at 59600. Profit targets are set at 69760, 74834, and 79870, reflecting our expectation of a bullish trend continuation from Point D. As always, prudent risk management is advised to navigate market volatility effectively.
BTCUSD:65000-67000 short, 61000-58000 long
Support is around 63000-62000, and the small-level chart now shows that bears have a greater advantage, so the trading view is to go short first.
If the support is effective, you can go long. If it falls below, look at the 60600-58800 range, with strong support around 57200.
In the 4h chart, some indicators need to be repaired, so if it falls below 61,000, the risk factor for long transactions in this range is relatively low.
The main trading range is: 65000-67000 short, 61000-58000 long
Bitcoin is Ready to Attack to Support zone⚔️🏃♂️Bitcoin is moving near the 🔴 Resistance zone($71,350-$70,900) 🔴 and seems to have broken the Support line .
🌊According to the theory of Elliott waves , Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5) .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈If Bitcoin's downward momentum is high , there is a possibility of forming a classic Double Top Pattern .
🔔I expect Bitcoin to ⚔️ Attack ⚔️ the 🟢 Heavy Support zone($69,300-$67,500) 🟢 once again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT to bounce from 4h or daily supportWe expected a pullback of the price after it broke to the upside and went beyond bit our target. Now the pullback is slowly maturing and coming to the targets from where it can bounce. Therefore, lets get ready with the relevant levels and the trade setups for long. I have marked two support levels which is attracting the price on this pullback. The first one is 4h support 4HS1 from where a bounce is likely. In case the price wants to go southward a bit further on this pullback then the next support is daily support DS1. That level will definitely give a long trade opportunity. Therefore, I will take some amount from 4HS1 and will add at DS1 in case the price moves a bit more southward. Lets trade it and see where the price leads us.
#BTC/USDT Technical Analysis. #BTCUSDT Update: Our initial scenario is unfolding perfectly so far.
BTC is likely to go higher when the BTC Dominance hits 58%+ followed by a correction which is likely to lead to an altseason.
Do you believe BTC will surge past $80,000, or will it continue to move sideways until the halving?
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
🗺️Bitcoin Roadmap🗺️⏰(4_hour time frame)⏰✅Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago.
🌊Regarding Elliott's wave theory , Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle.
🌊Currently, Bitcoin is completing microwave wave 3 of main wave 5 , which can complete around an All-Time High($73,777) ( or even a little higher ).
🔔I expect Bitcoin to start rising again to complete the main wave 5 after the pullback to the upper line of the symmetrical triangle and at least rise to the upper line of the Ascending Channel .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟢Support zone($69,300-$67,800)🟢, the scenario will change and we have to wait for Bitcoin to fall further.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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; 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 at daily support and likely to head upAnd here comes the setup as promised. The price has hit the daily support and has bounced from there although not significantly. Howeverm it is currently trading above that zone and it seems likely that the price will push upwards during the day and that should result in a green daily candle today. We will reevaluate the price action at the end of the day to see where we might be heading. But for now this is the plan as presented below.
⚠️Bitcoin is Ready to Go Down again by Wedge Pattern⚠️🏃♂️ Bitcoin is moving near the 🔴 Resistance zone($69,000-$67,800) 🔴.
🌊According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
📈The Classic Ascending Broadening Wedge Pattern is also visible in the chart.
🔔I expect Bitcoin to fall to at least near the Support line after breaking the lower line of the Ascending Broadening Wedge Pattern .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($69,000-$67,800) 🔴, the scenario can be bullish, and Bitcoin will go to a new All-Time High(ATH).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
📈Bitcoin is on a crossroads? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
As long as Bitcoin is above Bollinger midline, it will continue its upward path until returning to $75K.
The bullish scenario will be canceled when Price returns below the Bollinger midline and stabilizes there.
🚨Bitcoin Analysis🚨✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times.
🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line .
🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge Pattern is still Valid .
💡Bitcoin also seems to be completing a pullback to the lower line of the symmetrical triangle .
❗️⚠️Note⚠️❗️ : If Bitcoin can break the Resistance lines , we can expect a new All-Time High(ATH) for Bitcoin.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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; 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.