📊#BTC short target achieved, be wary of rebound⚠️🧠Graphically, we started a decline after breaking below the lower edge of the rising wedge.
➡️From a structural point of view, we started to fall after building a double top structure near the resistance zone. At present, the goal of this structure has been achieved, and there is an expectation of rebound.📈
➡️From the perspective of wave theory, we have completed wave 3 and are moving towards wave 4. Wave 5 may occur, so the pullback may not be over yet, and the bullish call needs to be conservative! !⚠️
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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BTCUSDTPERP
📊#BTC bull flag! How to respond❓🧠We are currently in a phased resistance zone. If you have a long order in the buy zone, you can lock in the main profit when the profit is sufficient, and then look forward to more in a low-risk way.
➡️If you don’t have any orders, it is not recommended that you chase the rise now because the profit-loss ratio is not good. Please be patient and wait for the buying opportunity when the price may return to the buying zone again.
➡️From the perspective of morphological structure, the probability of continuing to consolidate sideways here is relatively high, so be patient.☕️
✔️Trade safe✔️
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📊#BTC different cycles explained in detail🔥🧠 Judging from the monthly cycle , the overall trend is bullish, so we are mainly bullish. The ideal target can reach 134.8k-175.5k. The heaviest periodic resistance area in the near future is 87k-95k. The price will be more likely to make a major level adjustment when it reaches here. It is also the best short-selling area. If the development goes as expected, it is possible to make big money. Therefore, if you miss this area and want to go short, you should focus on short-term trading, and don’t be too greedy! ! !
➡️Because it is approaching the end of the month, if the monthly closing price is higher than the neckline of the monthly level, it will be regarded as an optimistic signal.
➡️If development goes as expected, structurally speaking, it may form the largest cup-and-handle structure ever built.
⚠️Notice! This is my prediction and conjecture. The specific market structure is based on actual development and is for reference only! ! !
From the daily level , if we continue to choose to consolidate sideways here, then we can easily find that this is a bull flag in terms of form. This means that we still need to stay in this area for a long time to digest the selling pressure here, and try to focus on conservative trading during the complex consolidation stage.
So when the price pulls back to the buying zone again, just buy boldly! If it falls below this buy zone, then just focus on the daily and weekly level buy zones.
From the 2-hour level , a cup-and-handle structure has formed here, so we chose to add positions near the neckline. It has successfully broken through the turning point, which means that the previous adjustment is over. If you buy according to the cup-handle structure as the entry logic, then the current price has reached the stage resistance zone, you can lock in the main profit, and use the profit position to look forward to more.
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away.
💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening .
🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 .
🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I specified on the chart.
❗️⚠️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 will continue to rise according to the cup-handle structure🧠From a structural point of view, a classic cup-and-handle structure is formed here. We will continue to rise according to this structure. For phased resistance, we need to pay attention to the neckline at the monthly level.
➡️From the perspective of wave theory, breaking through the turning point (wave 4) means the end of the main downward wave, and the possibility of reversal will be further confirmed. All subsequent callbacks can be regarded as good long opportunities.
Let's see👀
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📊#BTC production reduction! Only the last hour left!🔔🧠Yesterday saw a strong rally and a break above the uptrend resistance line, which is a very bullish sign. Therefore, when the profit from the short orders we hold is sufficient, we will choose to reduce and close the positions.💰
➡️From the perspective of wave theory, we have broken through the turning point, which means that wave 5 is over.
➡️So if there is a good callback today, it will be an opportunity for us to enter the market and go long.📈
⚠️Note that we are very close to production cuts, so the fluctuations may be large, so don’t forget risk management.💯
Let's see👀
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📊#BTC rally probability increases📈🧠We did not continue downward after falling below the previous low, but instead experienced a strong rebound. From the perspective of wave theory, the cycle of the wave has changed, indicating that Wave 5 may have ended.
➡️From a graphical perspective, if you want to continue to fall, you need to form a descending triangle here, otherwise it will be difficult to fall further.
➡️So I think the possibility of a reversal from here is relatively high, because we are still consolidating in the buying zone. If we build a long structure here, we can try to go long.
Let's see👀
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Bitcoin – Reaccumulation or Distribution?Background:
1. Since February 2023, Bitcoin has been trading in a range. The range high is 73.8K, and the range low is 59.6 K.
2. In real time, It is difficult to determine whether the schematic in play is a reaccumulation or a distribution schematic. To answer this question conclusively, we must wait for the breakdown below or the breakout above the range.
Distribution Scenario:
3. If this is a distribution phase, Bitcoin will drop below the range and will not be able to reclaim it.
If this happens, I expect Bitcoin to find support at 53K and try to resume the uptrend from that level.
Reaccumulation Scenario:
4. In the event that Bitcoin is in a reaccumulation phase, we can anticipate two potential scenarios:
a. A temporary drop below the range to shake out the “weak hands.” In the Wyckoff terminology, it is called a “Spring.” Following the spring action, Bitcoin will reclaim the range and continue with an impulsive PA to the upside, culminating in a breakout above the range.
b. A touch of the range low, a ST. Or a resumption of the bullish trend to the upside from the current price level. This scenario is less likely because it should have materialized by now if this was the primary scenario.
However, if this is how it will play out, watch for the local resistance at 62.25K. A decisive break above 62.2K will signal that this is it.
If this is the end of the bull market, it will be the first time in history that Bitcoin has entered a bear market before the halving. This is not likely at all.
Best Wishes
BTCUSDT OUTLOOKThe $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East.
Here are some factors to consider:
1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
2. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market.
This is not Financial Advise!. It is important to do your own research before making any trading decisions.
BTC Short to 59600Hey guys, we have tested 64200 and turned back with sell power and small buy volume.
I think it was fake out and bull trap, i expected to see hard move down first to 61500, than one more leg down to 59600.
Its not financial recommendation, just my personal opinion , whats yours ideas guys?
Bitcoin is Ready to Attack to Resistance zone⚔️💡Bitcoin started to rise after the Spot Bitcoin And Ethereum ETFs were Approved In Hong Kong but failed to break the 🔴 Resistance zone($66,100-$64,500) 🔴and created a Bull Trap .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed 5 downtrend waves in the 15-minute time frame .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
📈From the point of view of Classical Technical Analysis , there is also a possibility of forming the Inverse Head and Shoulders pattern .
🔔I expect Bitcoin to Attack the 🔴 Resistance zone($66,100-$64,500) 🔴once again.
❗️⚠️Note⚠️❗️: We must note that there is a possibility of Israel's response to Iran's attacks and the cryptocurrency market may experience another fall.
❗️⚠️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 LONG OVERDUE HITHey as we have broken the 71266 resistance zone and liquidating over 3Billion shorts.
I truly believe we are hitting a higher zone before another correction downwards.
Following Bullish indications are:
Triangle pattern break out and anticipating to hit 83600 mark.
HHHL Resistance broken at 71266
Bearish indications:
Major resistance at 73363 another lovely liquidation level
Trade plan bias long @ 71200
SL:68130
TP1:74695
TP2:77981
TP3:81123
📊#BTC next structural evolution🧠The current market trend is not much different from the analysis in the previous article.
🧠From a structural point of view, we are in a bullish trend as a whole, but a larger level of short structure has been constructed, which means that it is possible for us to reverse the bullish trend based on this structure. Considering that the daily and weekly level bulls have now been realized, it is very reasonable for us to see daily and weekly level adjustments from here.
➡️From the perspective of wave theory, we seem to have completed wave 4 and are progressing to wave 5. Note that if we continue to consolidate sideways, then we may not continue to wave 5, because if the cycle of the wave changes, then This means that wave 5 may fail.
Let's see👀
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Btc Do Or Die The BTC/USDT pair is currently at a critical juncture, with the recent breakdown of a triangle pattern followed by a retest. Currently, the price is being supported by a crucial horizontal level. It is essential for Bitcoin to sustain this support to prevent further downside. In case the price fails to hold above this support level, a drop towards the $52,000 region is anticipated. Traders and investors should closely monitor the price action around this support level for potential clues about the future direction of Bitcoin.
Bitcoin Can Go Down by 🚨Classical Patterns🚨🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢.
🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴.
📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming an Eve & Adam Double Top .
🔔I expect Bitcoin to continue falling again , at least to the Pitchfork line .
❗️⚠️Note⚠️❗️: If Bitcoin can go above the 🔴 Resistance zone($66,100-$64,500) 🔴, we can expect an increase in Bitcoin.
❗️⚠️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 may undergo daily level adjustments📉💥As the international situation becomes tense, financial markets also show a pessimistic side.
🧠From a structural perspective, the long structure is destroyed, and falling below the turning point means that the small double-top short structure has evolved into a large double-top short structure. This means that we will most likely enter a daily or weekly level adjustment. Therefore, bullish calls need to be conservative and cautious.⚠️
➡️From a wave theory perspective, it appears that we have completed Wave 3 and are entering Wave 4. If you want to go short, you can look forward to the emergence of the fifth wave and the price to enter the daily level buying zone.🙏
Let's see👀
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Bitcoin BTC price starts a pre-halving correction?On April 1, the BTCUSDT price started with a "humorous" correction.
In general, April promises to be quite interesting and provide "many answers."
During the likely long-awaited correction, it will be necessary to closely monitor such indicators as BTC.D and USDT.D:
- It will be possible to trace where the capital that previously entered the cryptocurrency market through the purchase of BTC by large players is flowing.
- It will be possible to track which "industry's" altcoins are best held and bribed.
Do you think there is something more interesting to invest in the cryptocurrency market than various memecoins?)
And on April 19, 2024, the long-awaited "BTC halving" is to take place.
The halving of the reward for a mined block from 6.25BTC to 3.25BTC will reduce the supply on the market in the medium and long term.
If we compare the growth dynamics of the BTCUSD price in 2024, we will see that it is more similar to 2021 than to the previous years when halving took place - 2020 and 2016.
What are your goals for the Bitcoin price movement in April 2024?
We would like to see a correction at least to $65 thousand, or even better, a drop in the BTCUSDT price $58400-59100
But there is also the $78000 mark, which would also be good to test for strength, the only question is when)
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Bitcoin is Ready to Attack to Support zone⚔️🏃♂️Bitcoin is moving near the 🔴 Resistance zone($71,350-$70,900) 🔴 and seems to have broken the Support line .
🌊According to the theory of Elliott waves , Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5) .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈If Bitcoin's downward momentum is high , there is a possibility of forming a classic Double Top Pattern .
🔔I expect Bitcoin to ⚔️ Attack ⚔️ the 🟢 Heavy Support zone($69,300-$67,500) 🟢 once again.
❗️⚠️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 cup-handle structure may fail❌🧠The last thing we wanted to see happened. We failed to continue to break upward but chose to fall, which meant that a new short structure emerged. If the short goal is achieved, then our long defensive point will be invalid, so we choose to close the position and wait for a more suitable opportunity to appear.☕️
➡️If the short strength continues and falls below the turning point, then a large double top short structure will appear, which means that we will most likely enter the daily level adjustment range. If you have a short position in a good position, you can lock in the main profit and then expect this scenario to happen in a low-risk way. If it happens, then you can make more.💰🍻
Let's see👀
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Dynamic and Horizontal Support & Resistance Levels for BitcoinSupport:
• Trendline support: 67K.
• 50D EMA, currently at 64.8K.
• Orange Gann Angle: 60.6K.
Resistance:
• 21D EMA, currently at 68.5K.
• Yellow Gann Angle: 70K.
• 71.8K Horizontal support.
Do you think the bear market will begin before the halving? I don’t!