📈Bitcoin, right time for a bullish rally? 📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders
Continuing our analysis of Bitcoin, the price is trying to use its support level within the fork structure to start a bullish rally.
In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800).
If the price breaks below the mentioned areas, botcoin will drop to the level of 28,460 and then 26,500.
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Btcusdtlong
BTCUSDT at daily support, likely to head up to daily resistanceThe 4h support shared last time did not hold and did not provide the bounce we were expecting for a long trade. The price fell down and came to daily support zone DS1. I believe this one should hold and the price should bounce from here. The bounce will likely towards daily resistance zone DR1 but it might face some difficulties around 29566 area. The price might still dip below the current daily support but should come back up again soon. By the way, I think this weekly candle is going to be green and if not and the price kind of maintained this zone without a significant drop by the end of this week, we shall see a green weekly candle next week.
BTC current price direct short
After BTC fell from the daily high of 31800
Now there is a shock rise
The next wave will continue to fall
Trend line 29600-29700 first layout a wave of short selling
The current price of 29400 is directly short
This wave of empty orders is best to deviate from the bottom of the daily line level
Below the target of 28500, we are considering doing more
Bitcoin pushing towards 31K - BTCUSDHello traders,
BINANCE:BTCUSDT is trading in a range that we identified on May 2022 as a liquidity gap.
As predicted trading turned into this box to fill te previous liquidity gap.
At the moment we need a validation to confirm a break below or above this box.
There are good chances of a break as there is a large bullish flag pattern on the daily timeframe.
In the short term we will see bulls pushing bitcoin around 31K.
I will update this idea in the next few days.
Upvote and comment with your idea.
Thank you all for the support over the years.
BTCUSDT likely to head up from 2h/4h supportThe long idea has made us wait really long and the short we took did not work out. The price has come back down after spiking through the daily resistance DR1. I would really have like the price to reach to the 4h support 4HS1 in order to take a long trade as originally planned. However, I do see a case for the price bouncing from 2h support 2HS1. It has done so previously and has aimed towards 4h resistance 4HR1. Its again setting up the same scenario. I might allocate some amount in this support zone and wait for the price to come to 4HS1 for the rest. Apart from this short term view, I think BTC is ready for a good move towards upside soon. The stage is kind of being set and prepared and we shall see that very soon. The medium/long term view I will share in a separate post. But in short, I think we see a bigger up move without going below our recent lows made in last days.
BlackRock 2013 BTC-HASHRATE DIVERSION CASE OCT 2023
I wish there was more data prior to 2012 to data mine but sadly there is not much.
But the data we do have is the Hash rate of Bitcoin and BBW.
1. Bitcoin price follows rapid moves in Hash Rate throughout history without fail, think of Bitcoin like the country and the hash rate is the population. Population > growth > adoption > limited space will equate to price discovery
2. Bollinger bands width (measures consolidation) in both account have gone to extreme tightness meaning the forces buying Spot Bitcoin is outweighing sellers by a large amount.
3. Taking a market standard 50,100,200d SMA you can clearly see the similarities between 2023 and 2013 is pretty unique.
4. The Hash rate is by institutions funding miners to increase capacity and diluting outstanding shares. When BBW falls and Hash rate rises equates to growth outpacing supply.
5. We only have so much data as Bitcoin is that new of an asset but if 2013 was retail driven by Millions, 2023 will be institutional driven by Trillions. Funny enough the breakout point lines up with Spot ETF decision dates (month/month).
6. Blackrock by definition is the Black Pearl - Captain Jack Sparrow likes, Captain Jack Sparrow takes.
the Black Pearl is said to be "nigh uncatchable"
Still very impressed BlackRock has achieved this accumulation during the entire bear market while people lose interest in Bitcoin and they accumulate every sell order making the market seem flat / inactive.
#BTCUSDT H1 : Long situation Hi Guys , Hope you well
As indicated in the chart, I have specified two buying positions, but you must receive confirmation for trading these in the lower time-frame and then enter. I remind you that the market is extremely confused. Trading in these intervals can be very difficult, so be very carefull.
SecondChanceCrypto
⏰ 10/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
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Structural analysis(a fairly decent argument for a motive phase)As shown on this chart,
I) Wave B > Wave A ----> Wave X should be a flat wave.
As a result, subdivision of wave A & B can be in any corrective "3 waves structure" ("B" waves have a count of 3 (move in 3, but, never in 5 !))
II) Impulse waves have a total count of 5
Take a good look, what do you see? a 5-waves structure (Wave B).
III) As shown on this chart, (if you see what I mean) wave x differs from Flat in the subdivision of the wave B !
Conclusion (I, II, III):
These formations (labelled as ABC) are analogous to the extension of an impulse wave and, therefore, the most likely result here is that an uptrend must be in progress.
BTCUSDT DAILY : Very complicated situationHi Guys , Hope You well
According to the previous analysis that I had in the daily time frame, Bitcoin started moving on its own. But due to some good fundamental news, it is possible that the price can even reach the level of 35,000 USDT . I recommend that you follow new analyzes and be very careful if you are in sell positions.
SecondChanceCrypto
⏰ 8/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
BTCUSDT heading to LTF support, long favorable from thereThe price moved up and now facing some challenges in terms of resistance. The price is pulling back and likely to head down to the LTF support. This support lies around 29166-29236. I think a long is favorable from that support zone. The target of this trade should be 29560.
BTCUSD I Corrective wave in process and bullish accumulationWelcome back! Let me know your thoughts in the comments!
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#Bitcoin Current Update ( Daily Time Frame )Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Everyone is focused on the Major Trendline
On the daily timeframe Chart, the Major Trendline is being zealously defended by Bitcoin Bulls.
- We might see another 15–18% bullish rally if Bitcoin holds above the Trendline Support (28.4k) and breaks the Wedge upward.
- We might test the Crucial Support around 24.9k, though, if the daily candle closes below the Major Trendline.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#BTC: Next Possible move!
#BTC Shorter timeframe update
In this 6h time frame BTC is making this bullish expanding triangle pattern
but to confirm this pattern we need a breakout and currently, it is holding above at the lower support of this pattern, we also have 200ma as a support.
IMO We can some bounce in the BTC because usdt dominance is at the resistance
To invalided this pattern BTC need to breakdown the lower support of this pattern.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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BTCUSDT at 4h support, likely to move up to 30036The price is currently at 4h support 4HS1. The drop from daily support (not marked on the chart but was close to area where now daily resistance DR1 is marked) was not that significant and found support around the consolidation zone during the upward move in June. It is likely to bounce here towards daily resistance DR1. Therefore, a long trade is favorable here.
Bitcoin soon to BottomWe have been looking at this bullish count for several weeks now. The down move from around 31k seems to be corrective in nature therefore it could be a complex correction within a wave {ii}.
Looking for support to be found within the 28-30k area or else the count will be compromised.
Feel free to ask any question, trade safe!
BTCUSDT at daily support, likely to head towards 30836The price is trading at daily support. The price action is kind of indecisive. However, as long as 29500 level is respected on 4h basis, the price has chance to move upward. Therefore, taking this long as the support is indicating a long. If we lose 29500, the price is likley to head towards 26500. But as long as the current support and 29500 level is not lost, I am inclined towards upward movement.