#BTC reaches support zone📊#BTC reaches support zone✔️
🧠The expected rebound did not happen, but entered a deeper adjustment, so we also hit the stop loss. Judging from the liquidation data, the entire network liquidated a total of about 250 million US dollars, which also emphasized the importance of risk management. , don’t let yourself lose everything because of one transaction.
➡️The current price is testing the support area again. If it continues to consolidate sideways in the future, there is a high probability that a "foot sole" will be formed here again. Therefore, we will not go bearish here, but it is reasonable to continue to be bullish. 📈
Let's see👀
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BINANCE:BTCUSDT.P
BTCUSDTPERP
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin.
As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds.
It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market.
Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities.
**BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting.
If you like my content, please hit the like button and share your views in the comments section. Thank you.
#PEACE
Bitcoin Roadmap==>>(Update)Bitcoin is moving in the Resistance zone($63,450_$62,100) and close to the 21_SMA(Weekly) .
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . (The Maximum of wave 4 can be up to $65,080 , and the Potential Reversal Zone(PRZ) can continue.)
Before the better result, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) .
It seems that BTC.D% has managed to complete 5 impulse waves in the Heavy Resistance zone(60%_57%) , and we should expect BTC.D% to fall in the coming days and weeks.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of wave 4 , and then Bitcoin will fall and at least fill the CME Gap($62,085_$60,400) .
Note: If Bitcoin can touch $65,580, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
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.
Bitcoin RoadmapBitcoin started to fall for the umpteenth time with the news that the Mt.Gox exchange would return Bitcoins to the losers , as if the Mt. Gox exchange would start refunding BINANCE:BTCUSDT and BINANCE:BCHUSDT from the beginning of July 2024 (almost 6 more days).
After a few months, the Fear and Greed index entered the " Fear " range again. But I think it will also enter the " Extreme Fear " range.
Bitcoin is currently moving near the Resistance zone($63,450_$62,100) , the 21_SMA(Weekly) , and the lower line of the Failed Falling Wedge Pattern . ( pullback is probably being completed )
Note: Bitcoin has come below the 21_SMA(Weekly) after almost 250 days.
Note: When a reversal pattern fails, it will play a continuation role.
According to the theory of Elliott waves , Bitcoin seems to be completing the microwave 4 of the main wave 3 . If the Heavy Support zone($61,100_$58,700) breaks, we can confirm the end of wave 4.
Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of the microwave 4 of the main wave 3, and the break of the Heavy Support zone can coincide with the news of the refund of the Mt.Gox exchange .
Note: If Bitcoin can break the Resistance zone($63,450_$62,100), the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
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.
#BTC reaches the buying zone📊#BTC reaches the buying zone✔️
🧠In the end, we chose a downward adjustment. Now it has reached near the downward trend line and the buying zone, and the probability of rebound is higher. Therefore, if you hold a short order, please remember that it is reasonable to lock in the main profit or close the position in time. Don't go short here. ⚠️
Let's see👀
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BINANCE:BTCUSDT.P
#BTC/USDT Critical point. Emergency Update!#BTC needs to break and close above the 100EMA on the daily chart. Keeping it straightforward: until this occurs, the price may target the liquidity below $60k. This is not an opinion, just what the charts indicate!
The rejection in altcoins is concerning.
While I'm not bearish, BTC is currently at a critical juncture. This is the right time for the bulls to step in!
This indicator has been highly effective in identifying local bottoms and tops.
Sooner or later, the market will rally for the final wave. Until that happens, be cautious with leverage and view these times as opportunistic for altcoins.
dyor, nfa
#Crypto
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
BTC TRADE OF THIS WEEKI am looking for this setup for this week. During weekly and monthly closing price pumped and both candles closed above the bigger support line so it's mean we are in bullish trend as I am sharing my idea from longtime and I am bullish from 17K.
Now as we look at the chart then it's very clear for long oppertunity in demand zone and SSL will be my DCA. In demand zone are there is CME gap as well. Price will tend to fill that gap then continue higher.
#BTC Two Correction Methods📊#BTC Two Correction Methods
🧠We are currently consolidating between the neckline support area and the staged resistance area. Since we have locked in the main profit, we just need to wait patiently for the realization of the ideal goal. ☕️
➡️If it continues to consolidate sideways, it will rise again after the selling pressure is fully digested.
If we ultimately choose a downward adjustment, we will consider buying back the reduced positions again.
Let's see👀
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BINANCE:BTCUSDT.P
#BTC downtrend has ended📊#BTC downtrend has ended✔️
🧠The downward trend line has been broken, which indicates that the previous downward trend has ended. From a structural point of view, the bullish structure is established and falls back after reaching the stage resistance zone. However, there are still unrealized targets above, so it is mainly bullish.📈
➡️ If the price can return to near the downward trend line, we will consider buying back the reduced position again. Congratulations to the friends who followed Wolf King to print money and obtained 700% profit. 💰🍻
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BINANCE:BTCUSDT.P
Bitcoin - Bullish Bat Pattern Points to 44KMy analysis indicates that Bitcoin is meticulously forming a Bullish Bat Pattern, with a target between 42.5K and 44.3K.
XA Leg:
The X point begins the impulse wave at 38.55K on January 23rd.
The A point terminated at the ATH, 73.77K, on March 13th.
AB Leg:
The B point is at the 56.55K Low on April 30th. This price is slightly above the 0.5 retracement, the lower limit of the B wave.
BC Leg:
The C point cannot exceed the A point and should, preferably, not exceed the 0.887 retracement. The C point terminated at 71.97K, a few points shy of the 0.887 retracement, which is valid.
CD Leg:
The D point is the target. The D point can be calculated as the 0.887 retracement of the XA leg or as the 1.618 extension of the BC leg.
Target:
Between 44.35K, the 1.618 extension, and 42.5K, the 0.887 retracement of the XA leg.
Invalidation:
If the Price exceeds 73.77K.
#BTC is likely to form a bull flag📊#BTC is likely to form a bull flag
🧠After completing the daily and weekly level goals, we entered the monthly level consolidation stage. Because it is a monthly level bullish structure, it is normal to consolidate sideways for 2 to 3 months.
➡️Graphically, if we continue to trade sideways, there is an opportunity for a bullish bull flag to form, with the eventual breakout likely to occur at the tail of the flag.
➡️Therefore, we need to trade conservatively when we are in a horizontal shock stage.
Let's see👀
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BINANCE:BTCUSDT.P
#BTC is consolidating near the buying zone,cautious short📊#BTC is consolidating near the buying zone,cautious short⚠️
🧠We are currently consolidating near the buying zone, and there is not much trading volume on the weekend, so there are not good trading opportunities. But after all, we are near the buying zone, so short selling needs to be cautious and conservative.⚠️
➡️If we want to maintain an optimistic attitude, we can only wait patiently for the price to break through the downward trend line or successfully break through the turning point to build a long structure.
Let's see 👀
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BTC LONG/SHORT POSSIBLE TRADE IDEA.BTC is looking very boring now a days. This is 4h analysis. Price is currently in a liquidity box where is liquidity lying above and below the box. Below the box's liquidity there is DEMAND ZONE, I have marked my idea of possibility here. Price can come into the demand zone then some green candles and we will wait for price to take liquidity of early longers from demand zone and then price will spike out with CHoCH. This CHoCH will give us good entry zone in fvg or order block.
On the upside if price pumps then it can face selling pressure in supply zone. Where if price will do the same CHoCH then i will look for short. Everthing is clear on chart as well.
#BTC rebound target not yet achieved📊#BTC rebound target not yet achieved☕️
🧠 From a structural point of view, after we break through the turning point, we will establish an N-shaped long structure, which means that we will most likely break through the downward trend line. The first target can at least see the resistance zone, so please be cautious in shorting.
Let's see 👀
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BINANCE:BTCUSDT.P
#Bitcoin low could be $54169, Here's Why!#Bitcoin monthly support is around the $56.5k level. We've been struggling to break the upper resistance of $73k.
The final wave is still due, so remain vigilant in the market.
The 9EMA on the monthly chart has been a reliable indicator for dips in the last couple of post-halving rallies.
The current price is at $54,169! Even if we reach that support level, not being positioned in BTC is riskier than being exposed to the market, so be thoughtful when making your decisions.
Remember, the market aims to bore you and kick you out.
Don't let them play with you.
WAGMI
Cheers, and don't forget to hit like and bookmark to stay updated.
#Crypto #BTCUSDT
BTCUSDT likely to be rejected from daily resistance around 64.5kThe price has dropped significantly once rejected from weekly resistance WR1. Now it has bounced from weekly support WS1 and now on the way to daily resistance DR1. I believe the price will struggle at DR1 and will be rejected towards 4HS1 at least. And therefore, this short trade idea if the price reaches towards DR1. Lets see if price manages to reach there and fill our orders. By the way, keep in mind, the price has broken important support and structures so it is full in bearish mode.
#BTC rebounded as expected📊#BTC rebounded as expected✔️
🧠 From a structural perspective, it makes perfect sense that we started the rally after reaching a non-contradictory bullish zone, as the short structure’s goals have all been achieved.
➡️Now that the short goal has been achieved, it means that this downward trend may end, so there is a high probability that we will break through the downward trend line.
🔥So when the price reaches the downward trend line and resistance area, it will be regarded as the heaviest resistance area, so please be prepared to reduce or close your positions.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
#BTC fell below the support zone📊#BTC fell below the support zone📉
🧠 From a structural perspective, the breakdown of the bullish defense point means that the bullish head and shoulders structure has failed. And it fell below the support zone, and the support zone turned into a resistance zone.
➡️From the perspective of wave theory, wave 5 will most likely end in a non-contradictory bullish range.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
Bitcoin RSI has dipped below 30.Bitcoin Technical Analysis Update
In the past, when Bitcoin's daily chart RSI drops below the 30 level on the daily chart, we often see an upward move in Bitcoin's price from that level. It is considered a bottom for Bitcoin in that trend.
Currently, Bitcoin's daily chart RSI has dipped below the 30 level. This could be considered a bottom for Bitcoin, and we can expect an upward move from the current level.
Regards
Hexa