Where is the heaviest resistance zone for #BTC? 📊Where is the heaviest resistance zone for #BTC❓
🧠A new week has begun, we once again broke through the neckline resistance zone at the monthly level, and the upward trend is very good. However, we are currently near the periodic resistance zone, and it is unreasonable to chase the increase because the stop loss range is large.
➡️If the price can return to the upward trend support line and neckline to gain support, it is reasonable to consider going long. Otherwise, let it continue to rise. You can pay attention to the heaviest resistance area in the mid-term (72000-74000)
⚠️Note that if we fall below the upward trend support line, it means that the upward trend is over, and we need to be alert to the occurrence of a deep correction.
Let’s see 👀
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BITGET:BTCUSDT.P
BTCUSDTPERP
#BTC/USDT Update, $70k on radarAfter 139 days of consolidation, we're witnessing the fifth attempt to break the resistance. Patience is crucial; we need to wait for a confirmed breakout. In the meantime, we'll keep buying the dips for altcoins.
**My Thoughts:** BTC is likely to break the $70k zone. The "sell the news" reaction following Trump's speech was quickly bought up. Bulls and institutions are loading up while retail investors remain cautious, waiting for another dip. This creates an ideal scenario for BTC to break to the upside.
Let me know what you think in the comment section and please hit the like button.
Thank you
#PEACE
#BTC double top structure is intact, don’t be too optimistic📊#BTC double top structure is intact, don’t be too optimistic⚠️
🧠 Judging from the weekly level structure, the double-top bearish structure is still intact, and the current price is near the neckline resistance zone at the monthly level, so we need to be alert to the arrival of adjustments at any time. Also this is the last weekend in July so we need to be careful.⚠️
➡️If in the end we still choose to continue to rise and break through the resistance zone to reach a new all-time high, then the possibility of continued in-depth adjustment will not exist. If there is another good callback, we can boldly buy.
Let’s see 👀
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BINANCE:BTCUSDT
Bitcoin will Fill the CME Gap!!!Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to go down at least up to the Support line and the CME Gap($66,350-$65,835) .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Annual Bitcoin Conference 2024==>>ExpectationsBitcoin moved as I expected in previous posts . The question here is whether the upward trend of Bitcoin continues or not!?
I apologize for the that the chart is a bit busy. I think all was needed😊.
🌐 Breaking News : As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets. 🌐
Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 in the resistance zone , and now we have to wait for corrective waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
In addition, if we look at the USDT.D% chart , we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone , which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market.
As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024 , and if Bitcoin breaks the Support lines , the Support zone($64,000-$62,280) , 100_SMA(Daily) and 21_SMA(Weekly) , we can wait for the CME Gap($60,845-$57,895) to be filled.
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Now, let's get some information about the Annual Bitcoin Conference .
The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community.
My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017.
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The year 2017:
Date: May 22-24
The main market trend: Bullish
Bitcoin changes during the conference(%): +7.66%
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The year 2018:
Date: May 14-16
The main market trend: Bearish
Bitcoin changes during the conference(%): -4.27%
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The year 2019:
Date: May 13-15
The main market trend: Bullish
Bitcoin changes during the conference(%): +11.87%
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The year 2020:Covid
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The year 2021:
Date: June 4-5
The main market trend: Bearish
Bitcoin changes during the conference(%): -5.6%
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The year 2022:
Date: April 6-9
The main market trend: Bearish
Bitcoin changes during the conference(%): -6.89%
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The year 2023:
Date: May 18-19
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): +2.00 %
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The year 2024:
Date: July 25-27
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): ❗️❓ %
What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise?
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It can be concluded that when the general trend of the market is bullish , Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024.
But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction.
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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.
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#BTC Rising Wedge, Retracement Coming? 📊#BTC Rising Wedge, Retracement Coming? ❓
🧠 From a structural point of view, we are still oscillating near the selling zone. The higher we go, the greater the resistance, so it is not recommended to chase the rise here.
➡️From a graphical perspective, a rising wedge model is formed near the selling zone. If it falls below the lower edge of the wedge, it means that the decline is about to begin.
Let’s see 👀
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BITGET:BTCUSDT.P
GROKUSDT SETUP: GO FOR LONG as a EASY RETURNHello Folks !!
Welcome to the quick update of GROKUSDT. As of now, we can see it is trading around 0,00765 and currently at the immediate resistance. If it breaks this resistance, we can easily see a target of 25-20% in the short run and it can reach a price of $0.029 in the long run i.e. within the next 6 months.
We can take a trade with the below details:
Entry: 0.006510 to 0.007561
Short term Target: 0.01120 to 0.01981
STOPLOSS: 0.00611
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
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LDOUSDT UPDATE : READY to LAUNCHHello Folks !!
Welcome to the quick update of LDOUSDT. As of now, we can see it is trading around 1.57 and currently at the immediate resistance. If it breaks this resistance, we can easily see a target of 25-20% in the short run and it can reach a price of $1.87.
We can take a trade with the below details:
Entry: 1.54 to 1.57
Target: 1.79 to 1.91
STOPLOSS: 1.47
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
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Bitcoin Analysis==>>Bat PatternBitcoin is currently moving in an Important Resistance zone($68,000-$66,170) , which it has tried to break several times.
It also seems that Bitcoin has succeeded in forming a 🦇 Bearish Bat Harmonic Pattern 🦇.
I expect Bitcoin to drop to at least the Lower line of the Ascending Channel .
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.
Bitcoin will go up again==>>Short termBitcoin made the corrections I had expected in previous posts .
Bitcoin is moving near the Heavy Support zone($63,410-$62,280) and Support lines .
I expect Bitcoin to rise by touching the Support lines and Support zone($63,520-$63,240) .
Bitcoin Analyze (BTCUSDT), 15-minute 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.
#BTC rebound is realized, beware of corrections📊#BTC rebound is realized, beware of corrections📉
🧠 We rebounded from the support zone as expected, and the current goal of the bullish structure has been achieved, so there is an expectation of a pullback, so do not chase the rise in the selling zone. ⚠️
➡️From a structural point of view, we are likely to oscillate between the support zone and the resistance zone. A break below the lows would create a bearish head-and-shoulders structure, which means we may be entering a deeper correction.
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BITGET:BTCUSDT.P
BTCUSDT at daily support, likely to head to 66300The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1. We will see how the price reacts once it reaches 4HR1 and act accordingly. Therefore, lets try this long trade setup. Let me know what you think.
Market Response After the Launch of ETFsComparing Bitcoin and Ethereum Charts After ETF Launch.
Bitcoin's price dropped 20% after the ETF launch. We can expect a similar drop in ETH before it goes up. ETH price has already dropped 11% after the ETF launch, and we can expect the bearish move to continue for the next few days before we see a bullish move.
A good buying opportunity is expected once ETH experiences a 15-20% correction.
Regards
Hexa
#BTC reaches the support zone, beware of rebound📊#BTC reaches the support zone, beware of rebound📈
🧠 From a structural perspective, the goal of the double top short structure has been achieved, so there is an expectation of a rebound. In addition, the price touches the upward trend support line and support zone, so there is also an expectation of rebound, so we should not chase short in the support zone.
➡️If you want to go short, you also need to wait patiently for a rebound to appear before considering it. For the next resistance area, you can focus on the blue resistance line or blue resistance area, the approximate range is (65000-66000).
Let’s see 👀
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BITGET:BTCUSDT.P
#BTC short position structure is intact📊#BTC short position structure is intact📉
🧠 From a structural perspective, the goals of the double top short structure have not been fully achieved, so callback expectations remain. At present, the probability of the price falling back after hitting the downward trend line is relatively high, so be cautious in pursuing the rise.
➡️From the perspective of wave theory, wave 4 may have been completed, and wave 5 is expected to occur.
Let’s see 👀
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BITGET:BTCUSDT.P
#BTC/USDT#BTC
The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel
Which supports the bullish assumption because the price is based on an upward trend and is moving within it
We have a higher stability moving average of 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 67,000 $
With a target at the upper border of the ascending channel 68600 $
#BTC structural evolution, cautiously bullish📊#BTC structural evolution, cautiously bullish📉
🧠 From a structural perspective, we have a larger level double-top short structure constructed near the resistance zone, so the bias is bearish.
➡️If you want to do long trading, you need to wait for the short structure to be destroyed or wait patiently for the price to reach the buying zone below before considering it.
Let’s see 👀
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BITGET:BTCUSDT.P
#BTC may fall according to the double top structure📊#BTC may fall according to the double top structure📉
🧠From a structural point of view, we are still consolidating near the resistance zone. There is currently a one-hour short structure. If it continues to fall according to this structure, its ideal target zone overlaps with the support zone below. Therefore, if you want to If you want to go long, you can focus on this area.🔥
Let’s see 👀
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BITGET:BTCUSDT.P