Btc price movement from this current positionBasically target reached! BINANCE:BTCUSDT.P
For BTC we touched 64565 (2$ lower 16 May 2024)
tested D FVG. Binance BTC Perp. ( i dont like we just a test but didnt fill it)
Like always 2 scenarios...both are up (for BTC no an neceserelly alts will follow)
Eyes on data after tomorrow
For me better of course test 0.5 fvg! But we can leave this zone for the next test later.
Many alts in zones of interest! So you can buy ONLY if you waited this targets and have a plan to buy this alts! Don't need to buy only because its red market!
If BTC decide to form global right shoulder what showed in video (Gala video) its can be even under 61k so work with own risk management!
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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BTCUSDTPERP
#Bitcoin update! 📊 #BTC Descending Broadening Wedge on the Daily Timeframe Chart is Still in Play! 🚀
Bitcoin bulls need to clear the $71.3k Resistance to confirm the breakout. 📈💪
Once the wedge breakout happens, we can expect some good bounce.
In the 4D time frame chart, we are getting extremely close to a massive, volatile move soon!
Stay tuned
Bitcoin to 52K by August 2024I understand that my prediction may seem bold. However, I have meticulously conducted a comprehensive analysis that I urge you to review in detail, which should instill confidence in the validity of my prediction.
Background:
1. The BTC weekly chart is squared. The price-time ratio is 859.
2. Gan Angles: The central Gann angles are the 1/2 (63), 1/1 (45), and the 2/1 (27). These angles correspond to Fibonacci ratios as well.
3. From a Gann methodology perspective, dividing the chart into four angles with 11 degree spacing is wrong. However, Gann angles are a methodology, not a theology. I don’t consider myself a disciple but a practitioner. I'll use it if it corresponds to the chart's PA.
4. From a Wyckoff perspective, it is evident that Bitcoin is in an accumulation/ distribution schematic. I was leaning towards reaccumulation. I considered the deviation below the range low as a spring action and expected a breakout. Bitcoin failed to break above 72K on May 20th and 21st and between June 5th and 7th. The final step in a distribution schematic is a missing UTAD. From a Wyckoff perspective, an Upthrust after Distribution could have provided us with clarity. It is what it is. If Bitcoin drops below the range-low, we will have all the confirmation we need.
5. Market Structure. From a market structure perspective, a downtrend has not yet been confirmed. The volatility inside the range makes it difficult to see the forest from the trees. I will zoom out, use the weekly chart, and disregard the wicks to solve this issue. We need to see a weekly close below 61.4K on the weekly chart, followed by a HL, preferably below 61.4K.
Conclusion: There are some indications of a top. However, a top will not be confirmed until Bitcoin drops below the range-low and is retested as resistance.
From a trader’s perspective, I have enough data to reduce exposure to spot BTC and initiate short positions, which I will increase in size after confirmation.
Analysis:
To gain clarity, I employed Gann angles and Fibonacci circles. The advantage of using circles and angles is that they provide a timeframe for the price to achieve a particular milestone, unlike financial astrology, which is difficult to understand and sometimes inconclusive. Every trader can easily visualize lines and circles on a price chart.
I already addressed the squaring of the chart and my choice of angles in the background section. As for the circles, I used the Fibonacci circle tool, pulled from the cycle high to cycle low.
Because of my unconventional use of angles, I drew the “classic” Gan Angles, the 64, 45, 27, and 15 degrees in white. The subdivision of the 45-degree triangle is in yellow.
For horizontal Targets, I used a Fibonacci retracement. You can use a division by eights if it suits you better.
Conclusion:
Bitcoin will likely reach a price target of between 52K and 45K. Possibly as early as August 5th.
Invalidation:
A breakout above 74K and a S/R flip of 74K. If this occurs, the target is 89K.
Bitcoin can touch $67,000 SoonBitcoin is moving in a Heavy Support zone($65,730_$64,240) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in forming a Leading Diagonal .
Also, we can see the Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise to at least $67,000 after breaking the upper line of the Leading Diagonal.
Note: An important point you should always remember is capital management and lack of greed.
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.
#BTC bullish head and shoulders structure established📊#BTC bullish head and shoulders structure established✔️
🧠 From a structural perspective, successfully constructing a bullish head and shoulders structure near the buy zone means that we have the possibility of reversing the downward trend. But we are also approaching the resistance zone, so only by successfully breaking through the turning point 67280 can we maintain an optimistic attitude.
⚙️If you hold long orders, you should lock in the main profit before looking forward to more, and don’t forget to set risk-free or move the stop loss up to the right shoulder of 64600
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
Bitcoin Analysis==>> FallingBitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊.
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 .
In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign ).
Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks .
I expect Bitcoin to continue falling at least to My targets .
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 Potential Bullish Head and Shoulders Structure📊#BTC Potential Bullish Head and Shoulders Structure⚠️
🧠 The rebound has occurred. If you participated in long trading yesterday, the stop loss can be moved up to the long defense point, because a break here means we will go to a lower place.
➡️From a structural perspective, if a bullish head and shoulders structure can be constructed near the buy zone, then we have the potential to reverse the downward trend. Only by successfully breaking through the inflection point of 67280 can we maintain an optimistic attitude.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
#BTC has reached the buying zone, don’t chase short📊#BTC has reached the buying zone, don’t chase short⚠️
🧠 From a structural perspective, the goal of the short structure has been achieved, so there is an expectation of a rebound. However, given that the overall trend is a short trend, we can only remain patient and wait for a long structure to be successfully constructed before participating in long transactions.
➡️If we can successfully break through the resistance zone, it means that the mid-term rebound has begun. 📈
➡️If we continue to choose to fall and fall below the support zone, then the support will turn into a resistance zone. After rebounding to the resistance zone, we can look for short-selling opportunities, and then look forward to the realization of the non-contradictory buying zone. 📉
🔔Trading at this stage is difficult, so try to trade conservatively. Our long order yesterday was eventually swept away after locking in the main profit, so even with good expectations, risk management cannot be forgotten! ! ! ⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
Bitcoin is Ready to Attack the Heavy Support zone!!!Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) .
I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
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.
#BTC is in the support zone, don’t chase shorts📊#BTC is in the support zone, don’t chase shorts⚠️
🧠From a structural perspective, we are still in a bearish trend, because the ideal target area of the short structure has not yet been realized. But it is not recommended to chase short here, because we are currently in the support zone. Even if it continues to fall, there is still a lot of support below, so even if we want to go short, we hope to see a rebound before considering it.
⚙️In view of the expectation of rebound and to avoid a sharp retracement of profits, we closed the short order placed on the 12th. If there is no rebound, then we will look for new opportunities again. 💰🍻
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
🤜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
Bitcoin Roadmap==>>FallingBitcoin is breaking the Important Support line .
According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
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.
#BTC sitting on a thread! This is what you need to know!#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand.
We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation.
If BTC holds above the 50-day MA, a push towards $71,000 is on the cards. Eyes on the breakout or breakdown.
Enjoy your weekend.
I'll be here if anything important comes up.
Have a great time!
Do hit the like button if you like my updates and share your views in the comment section.
#PEACE
BTCUSDT at daily support, likely to bounce to at least 70.5kHere is a new trade idea. The price pushed up after bouncing from weekly support and headed towards daily resistance DR1. The price however got stopped at DR1 and got pushed down immediately from there. On this drop it hit the daily support DS1 from where a bounce was likely. We already see that bounce going on. Therefore, a long from this daily support zone is favorable as the price is likely to head towards daily resistance DR1 again. Since the price has already bounced from the support, I have a small position size at the moment and I would add to my long when the price revisits this support zone again. The price has a probability to go beyond that daily resistance DR1 and aim towards weekly resistance WR1. But lets focus first on the first part.
#BTC has a chance to form a bearish wolf wave📊#BTC has a chance to form a bearish wolf wave📉
🧠From a structural point of view, we are currently in the support zone, and the probability of rebound is higher than the probability of decline. Even if there are short expectations, it is not recommended to chase short here. It is reasonable to go short after rebounding to the resistance zone.
➡️From the perspective of wave theory, main wave 4 has been completed, and main wave 5 may be completed through micro pulse waves.
⚙️Because there is such an expectation, we will continue to be patient with the short orders we hold. If the development goes as expected, then we will make more profits.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
#BTC/USDT Bullish and BEARISH $57k before $100k??In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing.
BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level.
The price has already broken below a key pattern, signaling a potential shift in market sentiment.
If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support.
Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00.
This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction.
Traders should closely watch the interaction with the 50 SMA to gauge potential price movements.
FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider:
HTF:
- ETF Approved ✅
- Halving ✅
- Petro dollar expiry with no renewal ✅
- US presidential candidate endorses crypto ✅
- Daily bullish divergence holds for BTC ✅
LTF:
- Liquidity taken below ✅
- CPI fell and rates reduced ✅
- PPI fell and rates reduced ✅
Reason for Further Down HTF:
$100k charts everywhere but without any pullback!
There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish.
The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed.
A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled.
So, even with positive indicators, remain cautious. Avoid FOMO for your own sake.
It's better to keep cash (At least 40% in USDT to buy Alts at cheap).
This is the kind of decisions we didn't see in previous bull runs! Remember that?
I hope this post helps you. If it did, please hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTC rejected at resistance zone, what next?📊 #BTC rejected at resistance zone, what next?❓
🧠As expected, the market fell back after being blocked by the resistance zone. From a structural point of view, only by breaking through this resistance zone again can we have a chance to reverse the decline and have a chance to reach new highs. Otherwise, don't be too optimistic.
➡️From the perspective of wave theory, there is a high probability that the bearish wolf wave will be established. Looking forward to wave 5 happening. 🙏
⚙️If you followed us in shorting yesterday, you can lock in the main profit before looking forward to more. At the same time, don’t forget to set a risk-free or downward stop loss, which is reasonable to prevent the market from not going as expected.
🎉Congratulations to all the friends who followed Wolf King to print money. 💰🍻
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
Bitcoin is Ready to Attack the Resistance zone!!!Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement.
Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line .
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140) .
I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation) .
Note: An important point you should always remember is capital management and lack of greed.
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 Longterm View.Bitcoin long-term chart analysis
In 2013, the price of Bitcoin broke its previous ATH and moved approximately 3700% after the breakout. In 2017, Bitcoin's price increased by over 1450% after breaking its previous ATH. In 2021, Bitcoin's price rose by more than 250% after the previous ATH breakout.
This year, the price broke the 2021 ATH. We can expect a bullish move from the current level, with a potential 100-200% increase in Bitcoin this year.
BTCUSDT Waiting For The Breakout!BTCUSDt technical analysis updated
BTC price has been rejected multiple times from its resistance line. If the price breaks above the resistance line, we can expect a significant bullish move in Bitcoin.
We could see a bullish breakout in the next few days.
Reagrds
Hexa
#BTC reaches the staged rebound target area📊#BTC reaches the staged rebound target area✔️
🧠The market has rebounded as expected and has now reached the phased rebound target area. We need to be alert to the risk of a pullback. Yesterday we said that the bullish cup-and-handle structure has failed, so there is no reason to continue to be bullish. Even if there is a strong rebound, I will not be too optimistic.
➡️From the perspective of wave theory, there is the possibility of a bearish wolf wave forming here. Wave 4 may be completed here, beware of the occurrence of wave 5. ⚠️
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
🤜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
BTC big move is expected soon !BTC / USDT 1D
– BTC is in accumulation range since 100 days !
– I think the big move is coming very soon
–Since the price is holding well just below resistance the chance of breakout is high
– There is also an inverse H&S printed which is good bullish pattern
Note : we can see strong fluctuations near resistance line but price needs to break and hold above it to maintain upward trend
Do u agree ?
Best of wishes
BTCUSDT at daily resistance, likely to head to 64.5k-65kThe price bounced here as the zone was a weekly support zone but has come to the daily resistance zone DR1. But it seems it is likely to get pushed a bit more down. Below we have support zone DS1 and WS2. First is the daily support DS1 from where the price is likley to bounce. Therefore, a short trade is favorable here. The price is likely to land to daily support DS1. This DS1 zone is lying around 64.5k to 65 k area. I
BTCUSDT to hit resistance around 70.5k and drop towards 67k Here is a new short trade idea. The price has been pushing up after the last big drop around 5 percent. The price found support around 68.5k zone and since then it is pushing up slowly. This push has been really slow and likely to reach till the low TF resistance LTFR1. I expect that the resistance there would make the upward push of the price to stop and then push it downwards. This rejection of the price at that resistance level will lead the price to look towards the next support on its way down. The next major support is weekly support around 66.7k-67.7k. Therefore, a short trade favorable from there towards weekly support WS1 around 67k.