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BTCUSDTPERP

Bitcoin Analysis==>> Reversal Patterns==>UP/UP/UPBitcoin is moving near the Support zone($58,000-$56,600) . Regarding Classic Technical Analysis , Bitcoin seems to have succeeded in breaking the upper line of the Falling Wedge Pattern . It is also possible to form the Inverse Head and Shoulders pattern . Regarding Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . This wave is part of Corrective Waves . Also, we can see Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to go UP to at least the target of the Falling Wedge Pattern . My previous post titled " Bitcoin Analysis==>> Pumping Again==>>Short term " is still valid Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $55,000(at least). 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 and updates; 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.
Long
by pejman_zwin
26
#BTC ideal target zone has been achieved📊#BTC ideal target zone has been achieved✔️ 🧠From a structural point of view, the target area of ​​the long structure built in the yellow support area has been fully realized, so we need to be alert to the risk of a pullback. We are currently in the red selling zone, and it is unreasonable to chase the rise. Unless we can build a new long structure or break through the selling zone again, don't be too optimistic. ➡️At the same time, all the long orders we held in the support area have been closed. Congratulations to our friends who followed Wolf King to print money and received generous returns. 💰🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Short
by wolf_king888
3
Be ready for the reversal!#BTC: No Major Changes Yet..!! Bitcoin has been consolidating within a Descending Broadening Wedge for the past six months. Breaking through the critical $69-70k resistance level is essential for the bulls to regain control. Despite multiple failed attempts, there is renewed optimism that this time could be different, as the resistance is showing signs of weakening. A successful breakout above the Descending Broadening Wedge could propel Bitcoin towards the $100k mark in Q4. However, for now, leverage trading might not be the best approach. If you’re holding Bitcoin, it’s time to sit back and relax—the next bull run could be just around the corner. #Crypto #DYRO
Long
by CRYPTOMOJO_TA
11
#BTC/USDT Urgent Update!### BTC/USDT Technical Analysis (1D) **Overview:** Bitcoin is trading below the 50, 100, and 200 EMAs, within a descending channel, indicating a bearish trend. A break above these EMAs could trigger bullish price action. **Key Points:** - **Resistance:** $61,802 (channel top), $60,364. - **Support:** $54018, 47,710, $43,882. - **Invalidation Level:** $54,018 (daily close below). **Scenarios:** 1. **Bullish:** Break above EMAs and channel top could target $68,000. 2. **Bearish:** Failure to break above EMAs and a close below $54,018 may lead to a drop towards $47,710 or lower. **Conclusion:** I think the price must break soon in the next few weeks, likely following our scenario with the blue forecast lines. Watch for a breakout above the EMAs for bullish potential; otherwise, expect further downside within the channel. Do let me know what you think in the comments section and please hit the like button. Thank you #PEACE
by Cryptorphic
Bitcoin - COVID vs RECESSION fear comparison#BTC #Analysis Description --------------------------------------------------------------- The monthly chart for Bitcoin is displaying a pattern reminiscent of the 2020 COVID crash chart. In 2020, Bitcoin experienced a similar crash, leading to a significant wick in the monthly chart. We are currently observing a similar pattern in 2024, attributed to the market crash caused by recession fears. I anticipate a recovery in the price similar to what was witnessed in 2020. Such a recovery would confirm the presence of a bull market. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Bitcoin Weekly Review – September 1st – September 7th.TLDR: My bias remains bearish. According to my analysis, Bitcoin is in a complex WXYXZ correction. Ultimately, this correction will lead Bitcoin to lower prices of as low as 45K, possibly lower. However, all hope is not lost for the bulls. The possibility of a bullish continuation exists under the following conditions: 1. Bitcoin must make an HH above 65K. 2. The correction period will not exceed beyond December 2024. 3. The price must stay above 49K. High Probability Scenario for September 1st – 7th. I expect Bitcoin to dip into the daily demand zone (54K-56K). This will end Wave A, and a bullish reaction will follow in Wave B. Trade Idea: Entry: 56K SL: below 54K Target: 62.5K. R: R: 1:3.3 Don’t set a limit order. Follow the PA. Price can reverse slightly above 56K or further into the demand zone. Low Probability Scenario for September 1st – 7th. Bitcoin continues to make an HH, completing wave 1 of 5. Trade Idea: Entry: 66K SL: 67.3K TP1 58K, TP2, 55K R: R to first TP is 1:6 Is a 100K Bitcoin Still Possible? Bitcoin’s wave 3 top was 73.777K on March 13th, 2024. Since making the ATH, Bitcoin has been in a wave 4 correction. As far as the criteria for invalidation are concerned, a continuation in wave 5 is still possible. A continuation in Wave 5 is possible as long as: 1. Price: The price doesn’t close a weekly candle below the 0.618 retracement at 43.5K. 2. Time: Theoretically, wave 4 can last 300% longer than wave 3 and is still considered valid. However, this is a textbook definition, and I think it’s senseless. Between 1 and 1.618, fib time is realistic. According to this criterion, Bitcoin must enter wave 5 territory between September 9th and December 30th. You must understand that the longer Bitcoin stays in a correction, the bigger the chances of the macro headwinds catching up with Bitcoin and cutting any bullish continuation at the knees. China is already experiencing a recession, or, at the least, an economic slowdown coupled with deflation. So is the EU and the U.S. I don’t want to go into the details of each Zone’s economic performance, but if you are economically savvy, you already know the score. As I see it, Bitcoin must begin wave 5 no later than October 2024; otherwise, it will be too late. Also, for a realistic chance at 100K per Bitcoin, 49K must be the lowest price. 100K Bitcoin Roadmap: From a macro view, we must assume that 49K was the lowest point in a WXY complex correction and that Bitcoin is already at the initial stage of wave 5. Wave 5 Roadmap: For a realistic chance of continuation in wave 5, we must assume that 49K was the end of a complex WXY correction in wave 4. Also, Bitcoin must make an HH in wave 1 of 5 as early as next week! After making an HH in wave 1, Bitcoin must retrace in wave 2, no lower than 0.786 retracement at 52.8K. Bitcoin can then push higher in wave 3 to the 1.618 extension at 81K. Retrace in wave 4 to 70K and push higher between 90K and 100K in wave 5. For this scenario to be realistic, Bitcoin must make an HH to around 66K next week—it then needs to hold above 53K in the wave 2 retracement. Without an HH or if it falls below 53K, the chances of continuation in wave 5 will significantly diminish. Gann Support to EW analysis: Pulling a Gann fan from the bottom of Wave 1 to the top of Wave 3 on a squared chart supports the EW analysis. From a Gann standpoint, the current support level for Bitcoin is the 2/1 angle at 55K. If Bitcoin doesn’t close a weekly candle below 55K, it is good for continuation. Lose 55K, and it will continue lower. Daily Chart Analysis The daily chart analysis remains almost the same as the previous weeks. 58K is the most significant support level on the daily TF. If Bitcoin loses the 58K support without making an HH first, it will open Bitcoin to a bearish continuation. Initially, to fill the wicks on weekly and daily TFs but ultimately to 45K and possibly lower. The primary bias remains short. As Bitcoin continues to chop around the 200D EMA with low volatility, I am not interested in trading micro moves. If you intend to trade Bitcoin long, look for a break above the 200D EMA and a retest. Best wishes
by NewThoughtCrypto
2
BTC/USDT NEW ENTERY TO 65k+BTC has a signal long-term breakdown trend but is still able to make a new entry to 65K again since the trend still has not made the confirmation of the breakdown trend. Can BTC have a new volume that will bring BTC to 65K again? This is exactly what we will follow in the coming time frames. The best studies are made with the moment live data follow. At this moment the data shows there is a good possibility, to confirm this we should follow the trend with time since it can change. The key is to change with the trend and to expect nothing from ourselves, only what the data shows. The momentum data shows positive BTC from 59k
Long
by SatochiTrader
Bitcoin Analysis==>> Pumping Again==>>Short termBitcoin moved towards the Support zone($58,520-$57,100) as I expected . Bitcoin is moving in the Support zone($58,520-$57,100) . According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave . I expect Bitcoin to start rising again from the Fibonacci levels to my targets . Note: If Bitcoin loses the Support zone($58,520-$57,100), we should expect Bitcoin to fall to $55,000(at least). Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Long
by pejman_zwin
9
#BTC is in a complex consolidation phase📊#BTC is in a complex consolidation phase📊 🧠We can see from the chart that we are performing complex consolidation in the parallel channel. In addition, at the end of the month and the weekend, the differences are very serious. The long and short sentiment has entered a white-hot stage, which means that our trading The difficulty has increased a lot, and if you don't handle it well, your stop loss will be hit multiple times, so we should be more conservative in these two days. Be patient and wait for the big swings out of the divergence zone. 💥 ➡️Currently, the upper resistance is around 60k-60.6k. Whether a breakthrough can be formed remains to be seen. 👀 ➡️At the same time, yesterday's short order hit breakeven after locking in the main profit. The order has been closed, making a small profit. We must learn to be satisfied during the complex consolidation stage. 💪 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
2
#BTC blocked by resistance zone, next?📊 #BTC blocked by resistance zone, next? 🧠We started to fall back after approaching the resistance zone. We are currently in the target zone of the small short structure, and there is an expectation of rebound, so it is unreasonable to chase shorts in the buy zone. ➡️If we can get back near the resistance zone again, we can try to place some short orders, and the profit-loss ratio will be better. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Short
by wolf_king888
#BTC approaching resistance zone📊#BTC approaching resistance zone‼️ ️ 🧠From a structural perspective, the structural form of BTC is not as good-looking as the standard of ETH, so we did not participate in BTC transactions. At present, we are close to the downward trend line and staged resistance zone, so the resistance here is relatively heavy and it is unreasonable to chase the rise. ➡️If we break through the turning point and continue the power of the bull structure to cooperate with market sentiment and go out of extreme market conditions, we will be able to go directly to the resistance zone above. Otherwise, please treat it with caution. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin Analysis==>> Attack to Resistance zoneBitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) . One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity. Also, we can see Regular Divergence(RD+) between Consecutive Valleys. I expect Bitcoin to attack again the Resistance zone($58,500-$57,000) . Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600. Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates ; 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.
Long
by pejman_zwin
17
#BTC long structure is still there, don’t be too discouraged📊#BTC long structure is still there, don’t be too discouraged📈 🤷‍♂️Unfortunately, we did not see a good rebound in the support zone. After falling below the support zone, it started to plummet. At this time, the importance of risk management is reflected. If you do not have strict risk management, you will lose everything. ❌ 🧠 Judging from the 4-hour level structure, the bullish defensive point has not been broken, so the bullish structure has not been destroyed, and the bullish expectations are still valid. Rapid declines without any structural support are often accompanied by rapid rebounds, so please be wary of rebound risks. ⚠️ Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC reaches support zone📊#BTC reaches support zone✔️ 🧠The callback has occurred and it has reached near the support area that I am paying attention to. This area was the resistance area that once suppressed us. It has now turned into a support area. The probability of rebound in this area is higher, so please be cautious in chasing shorts! ! ! Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888