BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
2 options on the chart
now a rollback to the 27k area is likely (to retest the broken channel),
Fixing BTC above 30k will send the price to the 35k area.
Return under 26k - let's go test the 23k zone
In any case main target zone: 34-36k
SL: depending of ur risk
Good luck everyone!
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Btcusdtlong
BTCUSDT Analyst GET READY!!!Hello everyone. Today I want share my idea about Bitcoin.
Last week we saw fake out and then bounce from Fibonacci LVL which was on 25300, the bounce what we are looking now is pretty strong, it retest support and with low but green candle going up, it don t need lot talk what I am looking Bitcoin will show us soon power.
With bitcoin last strong move USDT Dominance came down for retest one of the most strong support (I will link in this post my price prediction of USDT Dominance) it bounce a little from support and came down slowly, which for me its not confirmation and buyer is not active at the zone.
Most I am looking to USDT Dominance, because trend identify is much easier there, with USDT Dominance movement I am making bitcoin price movement prediction.
For Bitcoin I have 2 scene only, which will give me entry point for long position. brake down trendline and then brake 27500 resistance or brake first 26250 support and second 25300, which will give me opportunity for open short position.
BE PATIENT AND YOU WILL WIN!!!
LOST TRADES ARE MORE IMPORTANT THAN WON TRADES!!!
BTCUSDT ready to head up towards daily resistance 27066-27236Analysis: LTF
The last long trade idea almost reached to the target but did not quite hit it. I think the price action is suggesting another long opportunity with a target towards the daily resistance this time. The price has been consolidating for long in this range between 4 resistance 4HR1 and 4h support 4HS1. The price action has been very slow with very low volatility. And soon it might be ready for the upward move. The target as mentioned in the daily resistance around 27066-27236.
Bitcoin approaches next resistance level as price drive upAs you may already know, Bitcoin has been on a steady upward trend in recent weeks, and it looks like the next major resistance is near the $27,500 level. This is a significant milestone for Bitcoin, and a close above this resistance might spark bullish moves in the near term.
Furthermore, Bitcoin has already broken through the Fibonacci .23 level, which is a positive sign for investors. This means that the next major resistance at $27,500 is within reach, and it could be a great opportunity for you to add to your positions.
I encourage you to take advantage of this opportunity and consider adding to your Bitcoin positions. With the market looking bullish and the next major resistance within reach, now is the time to act.
Thank you for your time, and I wish you all the best in your Bitcoin investments.
BTC - The importance of 25K25K - The second most important level after 30K (which BTC rejected from - link here )
25K is the neckline of inverted Head & Shoulders pattern, which if completed, could see BTC heading towards 34,5K (regular) or 40k (logarithmic) target.
After coming into contact with 30K level, BTC has drifted down in an descending channel or a falling wedge, making it's final little touch with the 25K level. A breakout from the wedge to the upside is the general outcome, but price of course can take a different direction, path marked with red color.
It is notable though, that the volume has dried up on Binance, the biggest exchange.
What are your thought on BTC's next direction?
SIMPLEST VIEW OF BTC #BTC UPDATE
On the daily timeframe chart, #BTC is still advancing inside the wedge pattern and is currently situated above a major trendline.
A potential bullish rally of about +20–25% might be anticipated if Bitcoin maintains its position above the trendline and successfully breaks out from the wedge to the upside.
However, a bearish rally towards 21.5k may materialize if Bitcoin loses the support of the major trendline.
Significant volatility is anticipated next week because of the US CPI and FOMC schedules.
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BTCUSDT may hit daily resistance and then pullbackThe price is trading below the weekly and daily resistance confluence. All the relevant support and resistance levels are marked on the chart. I think it may still try to reach that resistance marked as 1DR1 before a significant pullback. A short will be favorable if the price hits that 1DR1. I will post the trade setup if the price reaches there and I am there to take the trade.
BTC/USD Bullish Cycle (Confluence of 3 patterns)Hi everyone!
We have an interesting confluence of patterns on BTC/USD.
First, we have a bullish pennant pattern, so we can project the price according with the resistance breakout.
Second, there is an imbalance zone or price inefficiency that has not yet been mitigated, so the price will probably go to balance this area.
Third, the elliot wave pattern coincides in the formation of the fifth wave.
So, this confluence of patterns looks interesting.
All the best, traders :)
Bitcoin's rise to Middle line of Descending Channel(15-Min)🚀Bitcoin seems to have broken the heavy support zone, but to continue the downward trend, it is likely to create a pullback to the middle line of the descending channel and the 🟢 heavy support zone($ 26,400-$ 25,800) 🟢.
Also, we can see Regular Divergence(RD+) between two consecutive valleys.
I expect Bitcoin to go up to the middle line of the descending channel after breaking the downtrend line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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BTCUSDT close to daily support, long term long is favorable hereThe price has come close to the daily support zone which we talked for HTF analysis on the first drop on 5th June. The price is still a bit short of touching the daily support. So it might dip one more time to hit it formally. But lets see.
BTC - Not the time to be bearishAs you'll see from my previous charts, I've been bearish since the 31s and been waiting for the current levels for reversal (the internal pullbacks didn't exactly happen as I thought, but bounce levels gave good reactions for smaller time frame trades).
Most alts already have hit my targets or are about to hit, and Bitcoin is approaching an area full of support. Now, one can say there are good reasons to go down till the 18s and I wouldn't disagree, but IMO, these levels will give a good reaction, or at least will hold for some time to reevaluate the idea.
As I mentioned over and over, EW is not my strongest skill set but I combine it with volume and price action and these are the levels I see that should hold if we're going to have a new high in the coming months. The move down looks like a 3-wave move than an impulse, which means it can be a WXY (for 2/B), or it can just be W (of WXY, WXYXZ). Hence, the targets are unclear to me: We can do LH (28-29s)>HL (18s)>New Highs, LH into new lows, or a new high. Either case, I'm expecting choppy PA as we have done since 15k and will play it level to level till 28-29 and will see what happens there.
BITCOIN to find support at 25kAs the downmove from the 31k top seems to be a corrective move, being three wave structured, I am looking for a potential ending diagonal in wave {c} of 2. If I am correct we should briefly break the 25300 low, find support around 25k and then resume higher.
Feel free to ask me questions and trade safe!
Bitcoin Falling WEDGE!CME:BTC1!
CRYPTOCAP:BTC is still in the falling wedge we have been following for a while now.
For Long Ideas: We are waiting for reaction in highlighted Zone 24k to 25.6k for possible target to 30k to 31k zone.
For Short Ideas: Waiting on bearish retest of the same Zone and possible targets are 21k, 20k zones.
Today FOMC Interest Rate Decision data comes out at 14:30 EST. Previous 5.25 Forecast 5.25.
On larger time frames these events have smaller impact. Scalping ideas can plan for the volatility on lower time frames.
200D MA must hold to prevent further downside.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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BTCUSDT hit daily support and bouncedThe price has hit the daily support and bounced from there. Did not look at that support level as the move down happened quick. But it bounced good from the daily support level 1DS1. I will long on a revisit of the price to or around this zone towards the daily resistance.