BTCUSD H1 / POSSIBLE RISE AFTER THE RETRACEMENT 💲Hello Traders!
This is my idea related to BTCUSD H1. I expect a retracement until the resistance level, after that, I will look for a long entry. At this stage, I see Bitcoin as more bullish than bearish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Btcusdtanalysis
🚨Bitcoin is Ready to Fall Again🚨👋Hi, I hope you had a great weekend.
✅ As I expected , Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢 .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($44,700-$41,780) 🔴.
📈Regarding Classic Technical Analysis , it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern .
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the wave 5.
🌊The end of wave 5 can continue to a maximum of around $44,800 .
🔔I expect that Bitcoin will FALL at least to the 🟢 Support zone($40,600-$40,280) 🟢 after the completion of wave 5, after breaking the Support line , and in the next step, it can also fill the 🔵 CME Gap($39,700-$39,850) 🔵.
❗️⚠️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 - MAJOR CORRECTION: STILL -20% LEFT TO GO (TARGET 32K)Bitcoin is correcting. It is as simple as that. Here is my input on things:
What is on the chart? (Follow the steps)
1) Price rallied back in October 2023, breaking the high of the 13th of July 2023. Throughout this breakout a large untouched daily FVG was formed.
2) Following the rally, price slowed down and created an accumulation structure which plays a huge role in this analysis. LIQUIDITY ! This price structure presents a huge target for bears. We pair this idea with the fact that price is currently in a premium area. Where is the price equilibrium located? Right within this accumulation structure.
3) This is a major range that also plays a fundamental role in this analysis. POWER OF 3 .
This is a known price action theory (Power of 3) constituted of 3 (no shit) steps: accumulation, manipulation and distribution. Why is it relevant here? Well open your eyes. We had our accumulation, we had our false break (manipulation) and now what is left? The distribution.
4) I am pairing the price action analysis with some Ichimoku Kinko Hyo technicals. Here we have 3 major bearish signals shown on the daily Ichimoku: break of the Tenkan and Kijun, a Tenkan/Kijun crossover and a Kumo twist (these are all bearish signals and you're free to go learn about Ichimoku Kinko Hyo in your own time).
5) Here we have an even more significant bearish signal/confirmation: the break of the weekly Tenkan + the entry into the daily Kumo meaning price didn't bounce on the Kumo which should act as support if we were to have been bullish.
6) Price closing on the border of the Kumo is never a good sign. This also gave place to a daily FVG that needs to be respected for the continuation of the correction + coupled with the low of the prior range which serves as our BOS level. Metaphorically, Bitcoin is on the edge of a cliff, with a pack of bears creeping up on it and it can't go any higher so it can either jump or take on the pack of bears. Statistically I think it would rather jump to see another day (assuming beyond the cliff there's water so it survives).
7) EQUILIBRIUM . This can be used as a partial target and price would finally be at the doors of the discounted area!
8) The 0.702 level + the July 2023 high + the daily FVG represents in my opinion the best possible entry for a long run position. This analysis would be a long setup if it weren't for the fact that we still have a 20% correction left to do.
As always, I hope you have a wonderful day and make a lot of money! Take care! ;)
🗺️Bitcoin Roadmap🗺️⏰(Daily time frame)⏰👋Hi, everyone.
📈Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis . (Please 🌹🙏 respectfully🙏🌹 share if you have a different opinion from me or other analysts).
✅As I expected, Bitcoin started declining from 🟡 Potential Reversal Zone(PRZ) 🟡 after the SEC approval of Bitcoin ETFs . ( In previous posts, I warned you several times that Bitcoin is near the end of its upward trend. )
🏃♂️Bitcoin has been moving in an Ascending Channel for more than a year , and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
⚔️Currently, Bitcoin is attacking the 🟢 Support zone($39,000-$37,000) 🟢, SMA(100) and Support line for the first time . Of course, it seems that Bitcoin will NOT succeed in breaking this zone .
📚 Assets generally do NOT break Support and Resistance zones for the first time.
🌊According to the theory of Elliott waves , Bitcoin seems to have completed five impulse waves in 🟡 Potential Reversal Zone(PRZ) 🟡and is now starting to form new corrective waves .
🔔I expect an upward trend in the coming days and at least an increase in the 🔴 Resistance Zone($43,800-$43,000) 🔴. (Bitcoin has had a high trading volume of around $43,400 , which indicates an important resistance for Bitcoin ).
❗️⚠️Note⚠️❗️If the Daily Candle closes below the 🟢 Support zone($39,000-$37,000) 🟢, we can expect further falls for Bitcoin.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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🗺️⏰(1-hour time frame)⏰🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop .
🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves .
💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
🔔I expect Bitcoin to go UP in the coming hours and break the 🔴 Resistance Zone($42,200-$41,780) 🔴 in front of it, and have a minimal increase until the end of wave 4 .
❗️⚠️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 Ready to Increase 🚀➕10%🚀↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ).
✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you.
🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the Expanding Ending Diagonal , and it seems that Bitcoin has already started corrective waves .
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵 CME Gap($40,325-$39,290) 🔵 and then rebounds( ➕10% ) to around $43,500 .
❗️⚠️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.
Open Interest - Deciphering Bitcoin's Market SentimentIn the ever-evolving landscape of cryptocurrency trading, Bitcoin often serves as a beacon, reflecting broader market sentiment through its dynamic price movements and trading metrics. Today, let's explore the intricacies of Bitcoin's market dynamics by dissecting Open Interest (OI), funding rates, liquidations, and long/short ratios—using current data as our live case study.
What do we see? (follow the steps)
1) Price action . Essential to understand it before the usage of any indicator.
2) Open Interest , the total number of outstanding derivative contracts like futures and options, provides a window into market activity. An increase in OI alongside a rising BTC price suggests new money might be entering, potentially signalling bullish sentiment. Conversely, decreasing OI during price drops might indicate a bearish outlook. Currently, we observe a slight uptick in OI as BTC recovers from a dip, hinting at growing confidence among traders.
3) The funding rate , specific to perpetual contracts, reflects periodic payments between longs and shorts. A positive rate, where longs pay shorts, suggests a bullish consensus, as it's costlier to maintain long positions. Presently, BTC's slightly positive funding rate aligns with its uptrend, indicating that traders might be anticipating further price increases.
4) Liquidations occur when a trader's position is closed by the exchange due to a margin call. A cluster of liquidations often follows a sharp price movement, as we've recently seen with BTC. These liquidation spikes could suggest that overleveraged positions have been flushed out, which can sometimes signal a local price bottom and a potential reversal point, paving the way for a more sustained upward trend.
5) The ratio of long to short positions tells us about the prevailing market bias. A ratio significantly above 50 indicates a bullish majority, which is currently the case with BTC. This higher long/short ratio could be interpreted as a market leaning towards optimism.
As always, I hope you found this insightful and have a lovely Sunday! ;)
(BTC) Alert: Forming Head and Shoulders Pattern!😱Bitcoin (BTC) is currently displaying a head and shoulders pattern on the 2-hour timeframe. Confirmation of this pattern requires a candle to close below the neckline. If this occurs, there is potential for a nearly 13% drop in accordance with the pattern. We are eagerly awaiting the next 43 minutes for the candle to close to assess the situation. Stay tuned for further updates.
Bitcoin 25/01 Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame. Completed Break of Structure with Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line to completed its " C " Corrective Wave
#BTCUSDT: Two Possible Scenarios! Dear Traders,
We have update on BINANCE:BTCUSDT two possible scenarios one is expected where price is to reverse sharply from current region or drop from current price area to 32k region. Due to holiday season we expect low volume in the market. Let's wait for price to do its things.
📈Bitcoin price correction / Targets for the Bearish market📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. Let's make it simple.
Bitcoin will retest lower levels around 43K. (But the most important dynamic level is the Daily Bollinger midline.)
If the price breaks below the specified area, Bitcoin can fall towards lower targets of $40,000 to around $37,500.
Many analysts are predicting a sell-off after the approval of the Bitcoin ETF.("Sell the news")
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
🚨Bitcoin is Ready to GO DOWN again🚨🏃♂️Bitcoin is moving in an Ascending channel with a low slope of 4 days .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($43,720-$43,100) 🔴 and near the upper line of the Ascending channel .
🔔I expect Bitcoin to move to the lower line of the ascending channel again and possibly break this channel.
❗️⚠️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.
BTCUSD 17/01Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Impulse Correction " ab " Completed. Consolidation Phase as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line. Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line
Bitcoin Price in Need of a Boost: Key Levels to WatchThe current state of Bitcoin's value requires a push from investors, as the cryptocurrency finds itself hovering around the $43,000 mark at the time of writing. Following a 7.7% dip over the past weekend, BTC has fallen below the upward trendline, which previously acted as a crucial support level.
The Relative Strength Index (RSI) has also, for the first time in three months, dropped below the neutral 50.0 level, indicating a mild downward trend at present. Despite Bitcoin's attempts to break free from the 50-day Exponential Moving Average (EMA) at around $42,069, there is potential for recovery as long as the $44,000 barrier is breached.
The market sentiment surrounding Bitcoin hinges on the successful overcoming of the $44,000 resistance, offering a chance for the cryptocurrency to regain its footing. Investors will be closely monitoring this critical level, as a decisive breakthrough could pave the way for a renewed upward trajectory. As Bitcoin navigates these key levels, the coming days will likely unfold with significant implications for its short-term price action.
BTCUSD M30 / LONG TRADE ACTIVE ON BITCOIN💲🚀Hello Traders!
As you can see, the chart has tested multiple times the resistance level, and now I expect a STRONG BULLISH MOVE.
In the previous idea, I expected an increase after testing the resistance level.
Now the long trade is ACTIVE.
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BTCUSDT Elliott Waves Analysis (midterm expectations)Hello friends.
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My midterm expectations on the chart, im waiting for sideway movement during 2-3 months in 47 - 37k range,then last upward movement in wave of (v).
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
We got downward impulse after correction waiting for continuation.
Who wanna try to short -
Entry: 44500 - 46k
Target zone: 38 - 36k
Stop: ~49k (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 2.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
BTCUSD H1 / EXPECTING A BULLISH MOVE IN THE COMING WEEK 📈Hello Traders!
This is my idea related to BTCUSD H1. I see equal lows on the chart, a good sign for bullish sentiment. Before going bullish it set equal lows to collect some SL of the retails and now I will look only for long entries.
An objective, I have 2 TPs. The first one is above the FVG where we have an OB and the next TP is the second OB (you can see 30M chart).
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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BTCUSDT at daily support, likely to bounce to 46900The price was pushed down by the weekly resistance 1WR1. This was a significant drop which made the price drop by almost 15% from the recent high. The drop made the price land into daily support which is a strong support zone as there had been long accummulation in this area and therefore a sound bounce is expected from here. I think a long is favorable here. It is likely that this drop marks the bottom for the next leg up clearing the recent high. However, we focus on the current trade opportunity which has teh target of weekly resisatnce.
BTCUSDT: Will it hit $48000? Still remain uncertainBTCUSDT remain uncertain since last two weeks price have continuosly failed to breakthrough 44k region remain sellers strong hold. Still expecting price to bounce back and create a HH. There is high possibility that price even can drop 35k area if we see no strong bullish momentum in coming days.
Comment Down your views on btcusdt?