BTCUSDT heading towards daily resistance around 72000The price was pushed down by 4h resistance 4HR1 as we were expecting. The pullback happened and the price went below the 4HR1 zone. I believe we still have move to the upside left and soon the price will continue its upward journey towards next resistance 4HR2 and then very likely towards DR1. Now the question is if the price will start moving up from here or does it have some more downside move left. I think the price will not move down significantly. It might reverse from the current level or it can go to the level B marked on the chart in the best entry case scenario. I am scaling my position up between A and B level.
Btcusdtidea
BTCUSDT Elliott Waves Analysis (Local Expectations)Hello friends.
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Everything on the chart.
Both possible options on the chart,
decreasing in 60-55k (if wave of iii was alreadys setuped).
If not, then waiting for last upward movement before correction in 79-84k zone, after that will be midterm correction.
Good luck everyone!
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BTCUSDT heading towards daily support around 60000The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price has a high probability of bouncing from the dark green zone. I will take a long from the green zone scaling more into as it goes deeper there.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
My midterm (6-10 months) expectations on BTC.
Good luck everyone!
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It's not financial advice.
DYOR!
Move coming for Bitcoin! My current TA suggests the next move for BTC is coming. However, which way? There are two possible scenarios. Scenario 1 will be an upside move with a move towards 77k. Scenario 2 will see a corrective move for BTC. I personally believe we will see scenario 1 play out. Most traders believe BTC will see a corrective move and I feel there will be a lot of short liquidations.
Let's see what happens ;)
BTCUSDT likely to move further up and set a new all time highThis is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its always not a very significant ones. The price has found the way to move beyond it after initial push down towards 59k level. It seems that the price is going to close above the WR1 zone and that will open up the way to more upside moves. There is no need to be bearish and if you in a position, it makes sense to hold for now. Today's weekly close will probably confirm our hypothesis.
BTCUSD 3-9-2024 BULL RUNThis is my latest analysis for BTCUSD. We all know we just reached our previous high again of SWB:69K this month. Well, BTCUSD still have room to move. Right now we've reached a NEW high a little over $70k. BTC can continue to push for $80k or we can pullback for a retracement before we move to our ultimate target of $100k. I'm not saying $100k is the last highest point, but what I am saying, based off FIB levels, $100k is on the horizon to be a NEW ALL TIME HIGH. I will say this, prepare and do your own research. This is just the beginning of the NEXT BULL RUN. 2025 will be AMAZING. In this analysis you can see my levels I tend to track and target. Remember to enjoy the ride and take partial profits along the way. DON'T BE GREEDY!
Btcusd Looking Bullish Long trade Setup Btcusd Break the short time frame Resistance and already Break the main time frame Resistance.
Btcusd looking good for bullish move and must be going For New All Time high.
You can trade on btcusd in the long direction side as strong bullish move expected in the upcoming days as Well
analysis elliot btcusd. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTC two shorts plans1D time frame
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BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio.
First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8.
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(1) Double top:
TP: 38500 (+21%)
SL: 49670 (-2.5%)
(2) Liquidation zone:
TP: 31800 (+37%)
SL: 53250 (-4.5%)
BTCUSDT likely to move higher from daily supportThe price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not then just a small push to that daily support zone and we are ready to move higher.
BTC short target 34.5k2h time frame
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BTC is creating a small triangle structure, the liquidation zone of this structure is 44500~45300.
Look at the bigger picture, 45000~45430 is the PRZ, which is made from 0.382 Fibonacci tool and project target at 35700~34500. Also, this PRZ(45k~45.4k) is the potential right top of a big double top structure, so this zone would be good to try short with great expected value.
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TP: 35700~34500 (~+22%)
SL: 46750 (~-4%)
#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.
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
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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BTCUSDT Elliott Waves AnalysisHello friends.
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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!
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It's not financial advice.
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Open to any questions and suggestions
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?
BTCUSDT Elliott Waves AnalysisHello friends.
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Im not sure which one we will see on next couple of weeks, but both options on the chart.
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