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BTCUSDTPERP

#BTC bullish trend is still there, be cautious to bearish📊#BTC bullish trend is still there, be cautious to bearish⚠️ 🧠Yesterday we talked about the weekly level point of view. We have already made adjustments at the weekly level, so there are expectations for an increase at the weekly level. ➡️From a structural point of view, the bullish structure at the 4-hour level is intact, or we can use the upward trend support line as a defense to judge whether the upward trend is intact. Therefore we can also continue to rise without a pullback, so please be cautious on the bearish move. Try to trade with the trend. ➡️If there is a pullback, you can focus on buying opportunities near the neckline 62737 and the support area 61658. 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 Weekly Review August 25th - August 31stTwo scenarios for Bitcoin. Both options will result in lower prices in the short term. However, one is bullish, the other is bearish: My view is that the correction period is not over. I am intellectually honest enough to entertain both options, but I must be truthful with myself and you: I don’t think the Bull’s time has come. TLDR: The bulls have a chance as long as the price is above 60.3K. 1. Bullish Scenario: According to this scenario, 49K was the end point of a wave 4 correction, and Bitcoin is about to complete wave 5. If this is the case, the target is between the 0.618 and 1:1 retracement. In numbers: 79.2K – 97.9K. Supporting evidence for the bullish scenario: A. HH on the daily TF. B. Bitcoin formed the cup of a Cup & Handle, which could lead to a breakout with a price target of 76.5K and the completion of the higher degree 5th wave. 2. Bearish Scenario: According to this scenario, Bitcoin is not done with the correction. Whether Bitcoin is a more extensive correction that will result in much lower prices or is still in wave 4 is irrelevant. Supporting Evidence for the Bearish Scenario: A. The PA has moved in three waves, ABC. A three-wave move is a corrective structure that continues the higher TF trend down. This is indicative of a shark harmonic with a target of 46.8K. B. The weekly TF structure is bearish and points to 45K. C. Bitcoin left wicks to the downside on the higher TFs. The daily week is between 49 - 54K. The weekly wick is between 59K and 58K. This kind of imbalance represents a liquidation opportunity for the MM. D. No accumulation period. A prolonged accumulation period at the lows must support any substantial price growth. A structure without a base is vulnerable. Validation and invalidation: A. Validation: Bitcoin consolidates above 60.3K, the cup and handle pattern is intact, and the bullish scenario is alive. B. Invalidation: Below 60.3K, the bullish case is unlikely. Below 56K, the bull case is indefensible.
Short
by NewThoughtCrypto
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart: ### Key Observations: 1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines. 2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum. 3. **Two Scenarios Outlined**: - **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed. - **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again. 4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown. ### Trading Idea: Given the current technical setup: - **Bullish Scenario (Long Trade)**: - **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level. - **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000. - **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout. - **Bearish Scenario (Short Trade)**: - **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000. - **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500. - **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout. - **Neutral (Wait and Watch)**: - **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution. This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel. Ensure that positions are adjusted according to evolving market conditions and use proper risk management. Not Financial Advice, Always do your own research. Please hit the like button if you like it and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
Bitcoin Roadmap!!!Bitcoin failed to break the Resistance zone ($58,500-$57,000) for the fifth time . It seems that important news is needed to break the resistance zone. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the main wave C with the Ending Diagonal Pattern . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . Looking at the USDT.D% chart , we find that USDT.D% is in a symmetrical triangle . The main wave 4 can be completed in this triangle. I expect USDT.D% to pump after breaking the upper line of the symmetrical triangle, which will cause a correction in the Cryptocurrency market .👇 Another important chart that can help us analyze Bitcoin is the BTC.D% chart . BTC.D% is moving near the Heavy Resistance zone(60%-57.2%) and the Resistance line , and according to the theory of Elliott waves , it seems that it has completed the main wave 5 in the two-day time frame with the help of Ending Diagonal . So, we should expect a correction of BTC.D% , which means that if the cryptocurrency marketcap decreases, Bitcoin can fall more .👇 I expect Bitcoin to at least fill the CME Gap($55,880-$56,775) after breaking the lower line of the Ending Diagonal . Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least). Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
Short
by pejman_zwin
72
BTCUSD: Long, target 78000-82000 Bitcoin, as a digital asset, is a form of risky investment, but it is also a type of currency, or one might call it a virtual private currency. It possesses the attributes of money, and to some extent, it also shares the safe-haven characteristics of gold. This is why I previously predicted Bitcoin’s trend based on gold’s movement, successfully shorting from around 70,000 to the target near 48,000. We can approach it similarly this time. As we all know, gold has surpassed 2,500 due to the potential threat of war and the impact of inflation. During this period, Bitcoin did not see a significant rise but rather fluctuated within the 56,000-62,000 range. This is due to its dual attributes. However, it also did not experience a significant drop. Does this mean that the capital market's risk assessment of Bitcoin in the current unstable international situation is not very high? Is its safe-haven characteristic still present? Based on the above assumptions, I believe that as the demand for gold as a safe haven diminishes (this does not mean that gold’s safe-haven attribute will disappear, but rather that gold’s price has reached a new historical high, which may cause some hesitation among those considering entering long positions. This is human nature, and during this period, the possibility of idle funds flowing into Bitcoin will increase), Bitcoin is very likely to experience a significant surge. Therefore, in the current Bitcoin trading, going long might be the better choice. As for the target of this long position, I think we can tentatively set it around 78,000-82,000.
Long
by Mia-Signal
2
#BTC reaches the target area📊#BTC reaches the target area✔️ 🧠When I woke up, I found that my holdings had decreased. It turned out that I had automatically reduced my holdings. After breaking through the upper edge of the ascending triangle, we broke through the resistance zone and reached the target area above 64k. The goals of the 1-hour long structure have been fully achieved, so we need to be alert to the risk of a pullback. The resistance zone of 61400-62000 turns into a support zone. 🔥 ➡️But judging from the 4-hour chart, we have broken through the turning point (62721), which means that a 4-hour long structure has emerged, and it also means that we still have expectations of continuing to rise, so we have retained a small number of positions. Go expect more. 🎉Congratulations to all the friends who followed Wolf King to print money and made huge profits. 💰🚀🌕 🤜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
BTCUSDT Active Range BreakoutThis is an active range breakout on BTCUSDT that i'm going to be trading. It may not work, but with higher TP then SL you can afford to have a lower percentage of profitable trades as the wins well outweigh the losses. As you can see the range has been broken with HIGH VOLUME CANDLES. This is what we were waiting for, not like the first break of range that didn't have the BIG CANDLE moves i'm looking for. I'm looking to TAKE PROFIT at the next large key RESISTANCE ZONE. It is a very large percentage so it's probability of hitting is low, but the potential reward far outweighs the risk. I can RISK MANAGE in several ways. I can move the STOP LOSS TO PROFIT once the trade has good gain to safely lock in. I can use MULTI TAKE PROFITS, to take profit several times before taking 100% of TRADE CAPITAL. What I like to do is use 25% of my portfolio but use higher leverage, so i effectively trade the same amount as 100% my portfolio whilst having 75% free to take OTHER TRADES. If you do this WATCH YOUR LIQUIDATION PRICE.
Long
by I3ig_Trades
#BTC Ascending Triangle📊#BTC Ascending Triangle📈 🧠After being rejected at the resistance zone, we made a pullback as expected. From a morphological point of view, we have formed an ascending triangle within the ascending channel, and we need to observe the breakthrough of either party to judge how the next trend will develop. ➡️If we fall below the lower edge and the yellow inflection point, it means that the short structure is established and we have the opportunity to fall below the ascending channel to start a further callback. ➡️If we break upward and successfully break through the resistance zone, then we can see the target zone above 64k ➡️No matter how the final market chooses, we don’t need to guess, just take appropriate measures. The stop loss of the long orders we hold has been moved up, and we are in a risk-free state. We can look forward to more. 🤜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
by wolf_king888
2
Bitcoin Analysis==>> Bearish Flag PatternBitcoin pulled back to the broken Support zone($60,520-$60,120) , as I expected ( in yesterday's post ). According to Elliott's wave theory , Bitcoin seems to have completed the Zigzag correction(ABC/5-3-5) . Regarding Classic Technical Analysis , Bitcoin seems to have formed a Bearish Flag Continuation Pattern . I expect Bitcoin to fall again after breaking the Ascending Channel's lower line and the Support zone($58,500-$57,000) . Bad News: Since yesterday, 785 million dollars of Bitcoin and 75 million dollars of Bitcoin have been moved by the Mt.Gox exchange, which is a significant volume. Note: If Bitcoin goes over $60,700, the Scenario will change. 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; 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.
Short
by pejman_zwin
42
BTC SHORT The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly. Trade Setup: Stop Loss: Place a stop loss just above the 62,500 USDT level to protect against potential false breakouts above the resistance zone. The initial target for this trade would be around the 55,940.7 USDT level, where there is an imbalance wick, which could serve as the first point of profit-taking. Further downside targets could be around the 48,889.4 USDT level, representing a more extended move. Risk/Reward: This setup offers a favorable risk/reward ratio, as the downside potential outweighs the risk if the resistance level holds. Additional Notes: - If price breaks and holds above the 62,121.2 USDT level, reconsider the short idea as it would invalidate the current bearish setup/structure.
Short
by SerenityEquity
5
#BTC reaches the periodic resistance zone 📊#BTC reaches the periodic resistance zone ✔️ 🧠 From a structural perspective, the bull structure is still intact, so it is reasonable to continue the bull trend. And today our physical K-line has successfully broken through the downward trend line, so the expectation of further decline has failed. But we will not chase the rise near the resistance zone. If there can be a good correction, we will consider participating in new long transactions. 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
1
#BTC enters complex consolidation phase📊#BTC enters complex consolidation phase 🧠From a structural point of view, the 1-hour bullish structure has not been destroyed, and there is still the possibility of continuing to rise. If the yellow inflection point (58501) is broken, then this bullish expectation will most likely be invalid. ➡️Judging from the 4-hour chart, we are still blocked by the downward trend line and then started to fall back, and the closing price of the 4-hour K-line is lower than 59300. This is a not very good signal, which means that we may fall further. . If we can break through the blue inflection point (61386) again, then we can see an increase above 64k, otherwise don't be too optimistic. 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 bullish head and shoulders structure, cautiously bearish📊#BTC bullish head and shoulders structure, cautiously bearish⚠️ 🧠 From a structural perspective, we have discovered a bullish head and shoulders structure. If we continue the bull trend with this structure as support, we could at least see a move above 64k. ➡️But we are currently in the resistance zone and are also blocked by the downward trend line. The price/performance ratio of chasing the increase is the worst, so if you want to go long, you must at least wait for a period of correction before considering it. ➡️If you want to go short in the resistance zone, my suggestion is to be cautious and set a stop loss. The current resistance that can be seen is around 61,000. 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 Weekly Review August 18th - August 25thThis review will focus on four issues: 1. When is the bottom? 2. At what price? 3. If we make a definitive bottom, will a fresh upward impulse follow? Or is it just a relief rally? 4. What is the likely target to the upside? TLDR: • The trading week beginning on August 19th will likely be a substantial low, followed by a rally. The bottom will likely be after August 19th. • The absolute bottom (for now) is 45K. If Bitcoin makes an HL above 49K, it is a bullish signal for continuation. • Even if Bitcoin makes an HL above 49K, a bullish continuation to a substantial ATH is doubtful. My most optimistic projection is 85K. • The “line in the sand” is 61K. If Bitcoin holds 61K, expect a continuation and vice versa. A. When is the Bottom? A.1. Mercury Cycles: Mercury cycles are based on Mercury’s 88-day orbit around the Sun. There is some correlation between the end of a Mercury cycle and a change in trend. However, it’s not reliable enough. The current mercury cycle ends on August 26th and may herald a trend change. A.2. 30-Week cycles: Measuring Bitcoin Cycles on the weekly cycles from one low to the next, it is possible to divide the cycles into 15-week cycles and 30-week cycles. The 15-week cycle measurement doesn’t have good proportions because of deviations. Figure 1: 15-week cycles The 30-week cycle is consistent and reliable. In this cycle, the 30-week cycle plays out perfectly. The data points to a macro bottom this week beginning on August 19th. Figure 2: 30-week cycles. A.3. Financial Astrology: A.3.1 Bitcoin Horoscope: Between August 17th and August 19th, transiting Mars will square Bitcoin’s natal Uranus. This challenging aspect brings increased volatility and the possibility of a trend change. The change in trend is unlikely to occur while this aspect actively influences Bitcoin’s chart, but a day or two after this aspect has run its course. Accordingly, we can expect a trend change after August 19th. A.3.2 General Astrology: Even if we disregard Bitcoin’s transits, the astrology of the coming week (beginning on August 18th) is somewhat challenging. August 19th is particularly auspicious and looks like a prime candidate for a low because Venus in Virgo forms a T-square with Saturn in Pisces and Jupiter and Mars in Gemini These are the active aspects for August 19th: 1. Sun, Conjunct, Mercury. Neutral. 2. Sun, Square, Uranus. Negative. 3. Mercury, Square, Uranus. Increased volatility. 4. Venus, Square, Jupiter. Conflict. 5. Venus, Opposition, Saturn. Conflict. 6. Jupiter, Square, Saturn. Conflict. 7. Neptune, Sextile, Pluto. Positive. B. At what price will Bitcoin find support? B.1. Volume Profile: From a volume perspective, Bitcoin lost a high-volume zone when it dropped below the distribution range-low of 60.8K. The next volume support is the zone between the VAH at approximately 45K and 41.5K. This is a “do or die” level for Bitcoin. If Bitcoin loses this volume cluster, the bull market will be over. Figure 5: Bitcoin cycle volume profile. B.2. Elliot Wave Count: From an EW perspective, Bitcoin is in the process of making a complex correction in wave 4. Bitcoin reached 0.5 retracement of wave 3 at 49K and lost the acceleration channel. If the 0.5 retracement holds and Bitcoin makes a double bottom, it will be a macro-low signal. If Bitcoin loses the 0.618 retracement, the chances are that this is a failed cycle, and Bitcoin will head lower. Figure 6: Bitcoin cycle EW count. B.3. Gann analysis: The 1/1 Gann angle points to the possibility of a low at 45K. However, this doesn’t mean that the price must go there; it is merely that 45K is a strong support level that will likely hold. B.4. Wick Fill strategy: The wick-fill strategy gives us a few support targets: 1. 50% of the wick on the 1W chart: 53K. In confluence with the 50W EMA. 2. 50% of the wick on the daily chart: 51.5K. 3. 100% of the wick at 49K. Figure 7: Bitcoin Gann & wick-fill. B.5. Classical Charting: According to classical charting techniques, Bitcoin’s price forms a Descending Broadening Wedge. The wedge support is 45K, coinciding with the cycle 50% retracement and the 1/1 Gann angle. Figure 8: Descending broadening wedge. B.6. Bitcoin Support Levels: a) 53.5K (50% of the weekly Wick, 50W EMA). b) 51.5K (50% of the daily wick). c) 49K (previous LL). d) 45K (horizontal support, high-volume node). I will look to buy between 49K and 51.5K. This is my assessment. Regardless, because there is no definitive level, it may be a good idea to wait until after August 19th to confirm a bottom in place. C. Is Bullish Continuation Likely? The evidence for continuing the bull trend mainly relies on historic PA patterns. The fact that the four-year cycle held in the past does not guarantee future performance. Also, the macroeconomic conditions today are different. There is no historical record to compare Bitcoin’s performance in a recession. Low interest rates, low unemployment, and economic growth characterized the past 13 years of Bitcoin’s existence. The situation has changed, and we need to adapt. C.1. The Bear Case: C.1.1 Wyckoff Distribution: It appears as if Bitcoin completed a Wyckoff distribution schematic. The last LH of 62.8K was the Last Point of Supply, and if the price stays below 62.8K, I expect lower prices. Figure 9: Bitcoin Wyckoff Distribution. C.1.2 Market Structure: Bitcoin M.S. since March 13th, 2024, is indicative of a downtrend. The price is making LHs and LLs. “The trend is your friend until it ends.” Until the price makes an HH above 70K or an HL above 62.8K, I expect a continuation to the downside. Figure 10: Bitcoin M.S. C.2. Neutral: C.2.1. EW Analysis: The fact that Bitcoin lost its acceleration channel is bearish. If Bitcoin drops below the 0.5 retracement, it will exacerbate the situation because a bullish continuation in wave 4 below 0.5 retracement is doubtful. Even if Bitcoin rebounds from the 0.5 retracement, it is possible for the 5th wave to top at 64.6K. Frankly, it is A maximum pain and confusion scenario. See Figure 6. D. Continuation Targets: 1. Bullish Continuation Targets: If Bitcoin holds the 49K level and reverses course, the optimistic wave 5 projection is 85K. If wave 5 matches wave 1, it will only reach 64.6K. Some analysts, are calling for a “melt-up” phase preceding a 1929-style crash. I doubt if we will see a melt-up in the crypto market. If we do, 107K is the maximum. Although, I doubt it will happen. see figure 6. 2. Bearish Continuation Targets: The immediate significant support level is 49K. However, if Bitcoin continues the current trend, I expect the next target to be 45K. see figure 5 Best Wishes NTC
by NewThoughtCrypto
3
Bitcoin Analysis==>> Breaking Downtrend lineBitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) . I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks . Note: If Bitcoin goes below $57,000 , we should wait for 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; 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
20
#BTC has reached the selling zone, beware of pullbacks📊#BTC has reached the selling zone, beware of pullbacks📉 🧠 From a structural perspective, the long structure we built near the support zone has achieved its ideal goal and there are signs of a pullback, so we need to be alert to the occurrence of further pullbacks. 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 💯 BITGET:BTCUSDT.P
Short
by wolf_king888
2
#BTC has a new short structure, be cautiously bullish📊#BTC has a new short structure, be cautiously bullish⚠️ 🧠 From a structural perspective, we have constructed a new short structure after breaking below the support zone, so we need to be wary of the risk of further pullbacks. ➡️ It is currently in the rebound stage after encountering the gray neckline support area, and the periodic resistance area is 59000-59200. ➡️If we make a deeper correction as expected, then focus on the buy zone below and buying opportunities near the downtrend line 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 💯 BITGET:BTCUSDT.P
Short
by wolf_king888