BTCUSDT to attempt again towards weekly resistance around 29500+The price moved up and reached to the recent high and now trading in 4h support zone. It seems there should be another push and that should target to the weekly resistance zone. A long is favorable here and we should target to 29500-29900 zone.
Btcusdtidea
BTCUSDT to head for weekly resistanceBTCUSDT is moving upward with strong momentum. A weekly resistance is sitting above the price and it is 8%-9% above the current price. Looking at the price action and the resistances on its upward path, it seems likely that the price would target this weekly resistance around 29500-30000 before any pullback and then probably its upward journey to monthly resistance. On 4h time frame it seems, price wants to cool off a bit and if that happens, the price would land on the 4h support zone marked on the chart and very probable a good bounce from there.
BTC: Follow me, next target is 27K
The cryptocurrency market is one of the panic groups, as many institutions may still deposit with Silicon Valley Bank. With the announcement of the Federal Reserve's bottoming, the sentiment in the cryptocurrency market has stabilized slightly, and the concept of decentralized cryptocurrency has begun to play a safe-haven role as investors' distrust of the traditional banking industry deepens.
Under the dual stimuli of the safe-haven sentiment and the weakening of the US dollar, token prices have made breakthrough progress, and the Bitcoin price has broken through 25,000, a critical level since August 2022, with significant significance in the short-term trend. Bulls are expected to have further opportunities to test 28,000-30,000. If the market can reach 30,000, it will help to establish the real bottom.
Do you remember when we bought at the bottom and went long below 20K and were questioned and ridiculed by countless people? But we were fearless and firm in going long because we had already seen through the washing-out strategy of the main players. First, let all the longs in the market get out, and then rise straight up without giving any reaction time. You can say that this is a conspiracy, but I have already seen through it. The upward trend of the bulls has been established, and congratulations to friends who have followed my layout, that is, following the main players.
In the future market trend, don't think that Bitcoin will have much room for further decline because the main players will not give better opportunities to follow. If you missed the chance before, you can choose to buy Bitcoin near 24K. The next target is 27K, and reaching 30K is only a matter of time. I will also update the latest layout in a timely manner, so please continue to follow.
BTCUSDT long from 4h or daily support zoneBTCUSDT is finally trading under the daily resistance. This is the resistance in its way before clearing the recent high of 25250. Any pullback currently is very good opportunity for day trading. There can be short opportunities but the momentum in the long direction is very strong and any short for day trade is currently not advisable. Let us try a long if this pullback hits the daily support. This would be a conservative long. A more aggressive long would be if it is taken when price hits 4h support. Let us try small position at 4h support and if price breaks though that then a bigger position at daily support 1 zone.
BTCUSDT to aim up for daily resistance around 22380BTCUSDT has finally managed to move up the very important daily support it broke a few days earlier. Now it is trading above that level and very likely to close above that level. I would expect the price to aim for the daily resistance 1 zone around 22380 with a bit of pullback.
BTCUSDT likely to visit weekly support around 19400 and bounceThe downward pressure did not allow the daily support to produce any significant bounce and that led the expectation from previous idea to be not fulfilled. Since the price has broken the daily support and closed below it, it is likely that it will head towards the weekly support. I believe there is going to be a very nice opportunity to long it from there.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
My last futures pos was closed in breakeven, spot i still hold with entry(18150) and stop in breakeven.
There are 2 options on the chart:
yellow: we will have a flat correction in the form of a triangle (as long as the price is above 21400), since we fell in a zigzag from the top,
blue: there will be a deeper correction in form of a double zigzag with a 20k retest + closing the gap there and only then growth will continue.
Good luck everyone!
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BITCOIN - resistance on month- key level of the monthly candlestick
- Opening weekly candlestick today
- A good time to enter the trade
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
BTCUSDT Elliott Waves Analysis (Local Expectations)Hello friends.
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Everything on the chart. (update)
Entry: market and lower
Targets: 25 - 26 - 27k
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of scenario - 21500
risk is justified
Good luck everyone!
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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 daily support held well , the bounce has strength The 4h + daily support has held the price very well. The daily candle is also looking very nice and with strength. The likelihood of the price to move further higher is quite high. Though price is currently at resistance and might face a bit of pullback, the outlook is looking bright for the long side. I am on travel since yesterday and yhats why no chart updates. But I will try to find some time and post some analysis with direction and target from my phone of possible. Till then enjoy the BTC moves.
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. (update)
2 possible options:
yellow if ending diagonal(my main scenario) with touching my main target zone 27-28k, then starting of correction.
orange if correction will start soon - confimartion - fixing under ~22800
Good luck everyone!
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It's not financial advice.
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BTCUSDT may head for next 4h resistance around 24450-24550So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be very small.
BTCUSDT heading up for 4h resisatance zoneThe price is bouncing from 4h support as expected and mentioned in the previous post. I believe this bounce will lead the price to at least 4h resistance 1 zone. Lets target that first and based on the momentum we can see whats the probability of it going further up from that resistance zone.
BTCUSDT fell to support and the price may aim for 4h resistancePrice pushed above the 4h resistance 1 zone several times but could not hold there and always got pushed back. The last push to the upside was strong but met with the same fate as other attempts. The price is bouncing again from 4h support 1 zone. It shall again hit the 4h resistance 1 zone.
BTCUSDT to break 4h resisatance and move higherPrice was consolidating under 4h resistance 1 zone and finally broke out of that to the upside. I believe this 4h resistance 2 zone is not going to bother the price much this time and the price, with just a bit of hesitation, will break it to the upside.
BTCUSDT likely to hit previous 4h support zoneBTCUSDT clearly got rejected from the 4h resistance 2 zone marked on the chart. Currently it is struggling to hold the 4h resistance 1 zone from where it broke out and attempted to break next resistance zone. The price will momentarily bounce here as current zone marked as 4h resistance 1 zone will act as a support.However, a next hit to this zone will let the price flow towards the next 4h support area.
BTCUSDT right on its way to monthly resistance of 35k-37k zoneLet again have a look at the monthly view. We are on the right path on the monthly resistance around 35k-37k zone. This was also mentioned in one of the posts on 29th January.
There will be some pullbacks in between but I think the probability favors that the price hits the monthly resistance.
BTCUSDT heading for next weekly resistance at 29700Weekly candle looking very strong and good. Next weekly resistance sits around 29700. Looks like price is headed first for that weekly resistance. As mentioned in one of the previous posts on jan 29th, the significant target is monthly resistance at 35k-37k range. But let us focus on the weekly first.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Nothing has changed from my last idea, we got correction like i expecting.
I think that we should get one more decline in zone 20500-19500 before continuation of growth.
Target zone: 27-31k
Stop: under 17k
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.