#BTC will rise following the falling wedge pattern📊#BTC will rise following the falling wedge pattern📈
🧠 From an image point of view, we have formed a falling wedge near the support area, generally we follow this pattern to rise, and we have broken through the upper edge, and the rising signal is confirmed.
➡️From a structural perspective, if there is a nice pullback, then there is an opportunity to build a bullish head and shoulders structure.
Let’s see 👀
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BITGET:BTCUSDT.P
BTCUSDTPERP
What If We Are in A Bear Market and Don’t Know It?When a partner cheats, the spouse is the last to know. Could the “Composite Man” is cheating, and we don’t realize it yet?
Let’s look at the evidence. “Facts Not Feelings.”
1. A complete Wyckoff distribution pattern.
2. M.S. confirms we are in a downtrend.
So, why is everyone still expecting an uptrend?
1. Traders and investors are relying on historical patterns such as the four-year cycle.
2. Traders and investors hope the FED will cut rates and boost liquidity.
We need Objective tools
The most objective tool we have is the price. The chart doesn’t lie.
We have two main levels that will serve us to determine if the current trend is still on the downside:
1. The Last LL. The last LL was 49K. If Bitcoin loses the 49K support, it is a point in favor of the Bears. If it finds support above 49K, it is a HL and a point in favor of the Bulls.
2. The Last LH. The ultimate LH is 70K. If the price remains below 70K, we will still be in the bear market.
62.8K Is an intermediate level. This means that if the price breaks above 62.8K, it will increase confidence in a trend change. However, let’s assume that the price will find support at the 45k level and then fail to break above 62.8K it will be all the proof you need that the bear market is here.
What should we do?
The safest course of action is to operate as if we are in a bear market.
What does it mean?
This means that you only trade long when it is obvious that the sellers are exhausted. And you treat every LH as a short opportunity.
Bear markets are Bull markets in reverse. Instead of “buy the dip,” “short the rally.”
Best Wishes
#BTC/ETH#BTC
#BITCOIN
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel
The price is now $22.40, which is the entry price
Targeting the $21.50 area, which is the lower limit of the channel
There is a strong resistance point at the upper limit of the channel that supports the decline
We have a trend-hop on the RSI indicator, but more declines are expected on it
Bitcoin Analysis==>> Death Cross HappenedBitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel .
Finally, the Death Cross Sell Signal was seen yesterday.
Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day .
Also, we can see the Regular Divergence(RD-) between Price and Volume .
I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140) .
Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000.
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; 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.
Bitcoin analysis - short term idea (longer term included)I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss.
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.
Boost and follow for more ideas! Thanks!
#BTC/USDT#BTC
#BITCION
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well
The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price
There is a strong support point at this level, green
Targeting the upper limit of the channel at $60,000
This boot supports the lower limit as we are still below the moving average 100
But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
#BTC Update, HODL!#BTC is holding strong above the July low, with lower liquidity from the FVG taken.
We're set for an upside move. However, expect some choppiness until the rate cut decision is announced.
Stay cautious, especially with leverage.
Invalidation: Close below $57,642
Let me know what you think in the comment section and do hit the like button.
Thank you
#PEACE
Bitcoin BTCUSDT currently trading around the $60,539.9 levelThe BTCUSDT chart shows Bitcoin currently trading around the $60,539.9 level. The price has seen some volatility recently, with significant movements both upwards and downwards.
Key Points:
Support and Resistance Levels:
The price recently reached a local high (TP2) around $61,112, but faced resistance near $62,375, causing a pullback.
There is significant support near $58,267.5, as indicated by the recent entry marked by RICHI. This level could act as a key point for further upward movements if the price holds above it.
Recent Trade Setups:
A long position was initiated around $59,000 with a maximum profit of 16.94%, showing a successful upward move that hit the take profit levels (TP1 and TP2).
A short position was also triggered after the price failed to break higher, leading to a brief downward movement. However, this short trade appears to have been closed as the price bounced back.
Current Scenario:
The price is now consolidating around $60,500. If it breaks above the recent high, it could retest the resistance at $63,000. Conversely, if it drops below $58,267.5, we might see further declines toward the next support levels at $57,000, $55,733, or even $54,044.
Potential Targets:
On the downside, potential targets for further decline are set at $57,000, $55,733, and $54,044. These levels align with previous support zones and Fibonacci retracement levels.
On the upside, the key resistance levels are at $62,375 and $63,335, which Bitcoin needs to overcome to continue its bullish momentum.
Conclusion:
Bitcoin is currently in a critical consolidation phase. Traders should watch for a decisive breakout above the current resistance levels or a breakdown below the support to determine the next major move. Holding above $58,267.5 could be bullish, while a fall below this level might indicate a deeper correction.
BTC Recovery: Targeting 65K Next?GM crypto bro's, this morning, the fear and greed index has risen to 31 (fear) after dipping into the extreme fear zone yesterday. The stoch RSI also shows a slight increase.
Overall, today’s outlook for BTC remains similar. The 58K target has been visited, and the next target is in the 65K area.
But keep in mind, the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
#BTC/USDT#BTC
Bitcoin
Bitcoin price is moving in a sideways channel on a 1-hour frame. It is expected that the price will touch the lower limit of the channel at $59,600 and bounce from it upwards to the upper limit of the channel at $61,800. Which is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level.
We have a support area in green at $57,800 after the price touched it and bounced from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards,
canceling the pattern in the event that the pattern is broken upwards and a candle closes above the $62,000 area, which supports further upwards
#BTC double top bearish structure, cautiously bullish📊#BTC double top bearish structure, cautiously bullish⚠️
🧠 From a structural perspective, we have constructed a double top bearish structure near the target area, and the ideal goal of this structure has not yet been achieved, so we need to be alert to the possibility of further pullbacks.
➡️Currently we are near the phased support zone. Even if we want to be bearish, we should wait for a rebound before considering it.
Let’s see 👀
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BITGET:BTCUSDT.P
Bitcoin Analysis==>>Last ChanceBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law . However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin seems to be completing the Triple Double Correction(WXYXZ) .
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern .
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
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; 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.
AFTER THE CORRECTION BTC CAN REENTER FOR SECOND TIME 62KWe did add before about the expected correction for BTC
Like the before 62K target, in the correction, there can come a high candle recovery trend as we have seen before to gain again 62K
There is a good chance that BTC will retest the 62K level again with a new liquidity volume after this correction trend.
know that correction always enters with panic and manipulation trends.
In the zone where we are now, BTC can find new LONG liquidity also with the new coming weekly chart start.
we will follow the back trend to 62K level with updates.
the reversal does not always go directly, in more times the trend should become first stable before a new increase starts.
Follow always only your plan and risk management we are not advisors or get paid for it.
Trading is more than just a simple basic update.
Bitcoin Weekly ReviewNTC Bitcoin Weekly Analysis for August 10th – August 17th:
TLDR:
• The market structure remains bearish, and the bias remains to the downside.
• Should bitcoin pull back to make a higher low or make a higher high, the bias may change to bullish.
Weekly Chart:
Bitcoin is still moving inside the Descending, Broadening Wedge. Last week, Bitcoin reached a lower low of 49K. After hitting 49K, the initial reaction was excellent, and the price rebounded to 62.5K.
However, the price hasn’t been able to close a candle above the distribution range low of 60.8K so far.
The volume also increased, with the buyers having the upper hand.
Bitcoin’s price also holds above the 200D EMA and the 50W EMA. Both EMAs serve as a divide between a bullish and bearish market. The fact that Bitcoin’s price is above these levels serves as a tailwind for the bitcoin bulls.
The bullish reaction to the 49K level left a 9000$ wick. This wick represents an imbalance in the chart. In my experience, the price tends to revisit these wicks because they represent an imbalance in the chart. If the price pulls back to reclaim at least 50% of the wick and coincidently retests the 50W EMA as support, the bullish case for Bitcoin will strengthen.
Two things can strengthen the bullish case for Bitcoin:
1. A Higher High. This means the Bitcoin price will exceed 70K and invalidate the bearish bias.
2. A Higher Low. This means that Bitcoin will pull back but hold above 49K. Preferably, the price should hold the 50W EMA.
Bias: Bearish until the price makes an HH or a HL.
Figure 1: Bitcoin Weekly Chart.
Daily Chart:
Generally, the daily chart tells the same story as the weekly chart.
The bullish reaction to 49K on August 5th left the chart with an imbalanced wick. Wicks get filled. If, in the next week, Bitcoin retraces to recover the wick and makes a higher low, the bullish case will become stronger.
August 8th also was a remarkable day for Bitcoin, with a 12% surge in price.
The issue is that fast moves, up or down, leave the price without notable support. If Bitcoin rejects the 60.8K resistance level, there is nothing to hold the price until 55K.
Short-Term Bias: If the price holds above the 200D EMA, I expect a continuation of the upside. Initially to 62.5K but higher targets up to and including 68K are not out of the question.
Figure 2: Bitcoin Daily chart
4H Chart:
On the LTF, the M.S. is bullish. The price is making HHs and HLs; if the price holds 59.5K, I expect continuation.
Support: 55K, 59.5K.
Resistance: 60.8K, 62.5K, 64.25K.
Figure 3: Bitcoin 4H Chart.
Gann Bonus:
1. A Gann fan pulled from the ATH to the most recent low highlights Two resistance levels:
A. 61K, the 2/1 angle.
B. 64.8K, the 3/1 angle.
The aspect ratio is 172. The daily TF
Figure 4: Gann Fan Resistance Lines.
2. A Gann fan pulled from the cycle bottom to the ATH highlights two support levels:
A. 53.3K, the 2/1 angle.
B. 41.5K, the 3/1 angle.
The aspect ratio is 856. The weekly TF
Figure 5: Gann Fan Support Lines.
Best wishes
BTC/USDT RED LOW TIME FRAMEThis is a low time frame update which shows that BTC has the chance to have a correction in the coming time frame, the weekend trend.
We will follow the trend and see if these red signals are confirmed in the coming time frame.
We followed the BTC before, from a 54K to 62K trend. as this below update shows
About the side where BTC is going, we can't know, since we only follow data.
we never hope for a trend where BTC can go since we always check all 2 sides and where data shows a high chance.
our statics show that we are the best of all coins with data in BTC long term.
Knowing this is BTC there can be always manipulation in trends that can make fake liquidity before it will enter the real liquidity, we have seen before at 56650 before increasing to 62K, in a different way can always happen. make always plan..
data shows there is a chance that 70% BTC will make first a correction
Bitcoin Rises Above Key Levels, Eyes All-Time HighBitcoin has bounced back, moving past important support levels and the 200-day Exponential Moving Average (EMA). Analysts predict a small drop in the short term, which could be a good time to buy before Bitcoin resumes its upward climb. Many believe Bitcoin will soon reach or even exceed its highest price ever, signaling a positive trend in the cryptocurrency market.
BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $62800
Buy level: Above $60700
Stop loss: Below $55500
TP1: $63800
TP2: $65000
TP3: $68000
TP4: $70000
Max Leverage 3x
Always keep Stop loss
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#BTC reaches the resistance zone, be wary of falling📊#BTC reaches the resistance zone, be wary of falling⚠️
🧠 After falling according to the rising wedge pattern, we did not reach the ideal entry range, so we missed the subsequent rising space. At the same time, our short order was swept away after setting breakeven, but that's how the transaction was.
➡️At present, we have reached the resistance zone and there has been a correction. We need to be alert to the occurrence of deeper adjustments. The next support area can be focused on the overlap between the downtrend line and the gray support area.
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BITGET:BTCUSDT.P
BTC Update and trade idea by using OB+FVG+SSL Btc has done very well and pumped almost 20% from marked bottom. Now it has created strong high at level of 62.5k. So i believe we can see a pullback here. That pullback will give us oppertunity to rebuy in 57-58k zone. Because you can see a very order block and fvg below the sell side liquidity. Previous SSL has been swept as marked on the chart.
#BTC/USDT#BTC
Bitcoin
The downward channel has been clearly broken on today's frame
It is expected to touch $48,000 before the recovery and rebound begins
We have a sell saturation on the RSI indicator
We have a trend to return above the moving average 100 again
We have a strong support extending from $48,000 to $50,000
A rebound is expected from that area targeting
First target 53,800
Second target 57,300
#BTC bull goals achieved, beware of pullbacks📊#BTC bull goals achieved, beware of pullbacks✔️
🧠From a graphic point of view, we have formed a rising wedge in the ascending channel. It has now fallen below the lower edge of the wedge, which is regarded as a downward signal, so we need to be cautious when we are bullish. If you want to go long, at least wait until the price returns to the buy zone below before considering it.
Let’s see 👀
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BITGET:BTCUSDT.P
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models.
AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇
On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow).
In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇
In the yellow model - level 4 point (0.05216) and level 0.044👇
In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇
Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts.
Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇