BTCUSDTPERP
#Bitcoin needs to reclaim the 70K!#Bitcoin update
BTC is forming this bullish parent/symmetrical triangle pattern in the four-hour time frame; here, 200MA is working as good support.
currently tapped into the support deeper till the bottom area and reacted a bit. Price Seems to be hodling the support and might gonna reverse from here.
we need to reclaim the 70K resistance for bullish momentum.
But for now, the
Dusk is still in the air; it is better to wait for the market to stabilize.
Stay tuned for more updates.
BTCUSDT to bounce from 4h or daily supportWe expected a pullback of the price after it broke to the upside and went beyond bit our target. Now the pullback is slowly maturing and coming to the targets from where it can bounce. Therefore, lets get ready with the relevant levels and the trade setups for long. I have marked two support levels which is attracting the price on this pullback. The first one is 4h support 4HS1 from where a bounce is likely. In case the price wants to go southward a bit further on this pullback then the next support is daily support DS1. That level will definitely give a long trade opportunity. Therefore, I will take some amount from 4HS1 and will add at DS1 in case the price moves a bit more southward. Lets trade it and see where the price leads us.
#BTC/USDT Technical Analysis. #BTCUSDT Update: Our initial scenario is unfolding perfectly so far.
BTC is likely to go higher when the BTC Dominance hits 58%+ followed by a correction which is likely to lead to an altseason.
Do you believe BTC will surge past $80,000, or will it continue to move sideways until the halving?
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
📊#BTC correction is the best entry opportunity💪🧠Now that the cup-handle structure has been established, we only need to maintain a bullish view and don't be afraid that it will fall too much. When trading, we only need to strictly implement the plan and use the plan to manage risks instead of being dominated by emotions.💪
➡️The price is currently back near the monthly neckline and the yellow support band. Perhaps we will get support here. As long as our bull defense point is not destroyed, then we will continue to maintain our bullish view.🙏🚀🌕
The rest is left to patience.☕️
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🗺️Bitcoin Roadmap🗺️⏰(4_hour time frame)⏰✅Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago.
🌊Regarding Elliott's wave theory , Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle.
🌊Currently, Bitcoin is completing microwave wave 3 of main wave 5 , which can complete around an All-Time High($73,777) ( or even a little higher ).
🔔I expect Bitcoin to start rising again to complete the main wave 5 after the pullback to the upper line of the symmetrical triangle and at least rise to the upper line of the Ascending Channel .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟢Support zone($69,300-$67,800)🟢, the scenario will change and we have to wait for Bitcoin to fall further.
❗️⚠️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 NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that BTC has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Bitcoin: Bullish Flag & Bullish Crossover,Upside Potential +16%?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:BTCUSDT
Bitcoin's recent rebound on the EMA 200 line, in conjunction with the breakout from the bullish flag pattern and a bullish crossover in the MACD indicator, collectively signals a robust continuation of the bullish trend. The rebound on the EMA 200 line holds particular significance in technical analysis due to its indication of a strong level of support, emphasizing the resilience of the bullish momentum. As a long-term moving average, the EMA 200 carries considerable weight in assessing the overall trend direction, with a rebound from this level suggesting that the underlying bullish sentiment remains intact. Additionally, the bullish crossover in the MACD signifies a significant shift in momentum towards bullish sentiment, while the breakout from the bullish flag pattern indicates renewed investor confidence and potential for further price appreciation. These technical developments provide strong confirmation of the potential for upward movement in the market, aligning with our designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
📊#BTC will be pumped according to cup-handle structure🚀🌕🧠After 25 days of consolidation, we finally successfully constructed a cup-handle structure, which means that the selling pressure when it broke through the historical high has been successfully absorbed, which means that we will use this structure as a supporting force to rise. The ideal target can see more than 80,000+🙏🎯✔️
Let's see👀
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The big picture of BitcoinSince the beginning of this analysis, I have focused on the contents of the triangle pattern
but what happens if this pattern breaks out?
Where is the target?
On this occasion I will illustrate using a daily timeframe.
In this analysis, I deliberately started from major support.
This support is the strongest support for BTC, and if this triangle pattern breaks down,
then the worst scenario, bearish target will be to touch major support around the level of $49,555
or approximately a 25% drop from pattern support.
However, to achieve this figure,
BTC must successfully break down the bearish confirmation point level 64,756 with 1 full candle on the 4 hour timeframe
and if that happens, then cases of drops before the halving will probably be repeated like my previous analysis.
you can open it here
For the bullish scenario, if this pattern breaks up, it will take 1 candle at 4 hour time frame to come out completely (full body candle) above $71,454
and when that happens, party to all. Not just bullish on BTC, but on all cryptocurrencies, and BTC will rise 25% from pattern resistance to $86,913.
Do you expect it to fall to $49,555 first
or straight up to $86,913
Please comment, if there is a supporting chart, feel free to post it here.
Thank You
#Bitcoin bounced from our Support zone, What's next?#Bitcoin is currently encountering resistance. Is it a liquidity hunt around the all-time high (ATH), or a genuine breakout?
Nobody knows for certain! We're in a waiting game. Based on previous charts, we seem to be leaning towards Scenario 1.
A break and close above this level could potentially trigger a rally to a new ATH.
Fingers crossed for a positive outcome! 🤞
Caution:-
With just 10 days to go for the Halving, it's crucial to note that corrections often occur around halving dates. Exercise caution with your leverage positions.
I am spot long and ready to load any dips in Altcoins!
Conclusion:-
While BTC appears poised for a breakout, it's crucial to acknowledge the possibility of a correction in this area.
I'll ensure to keep you updated, so please remember to hit the like button and bookmark this chart for future reference! 📈
BTCUSDT at daily support and likely to head upAnd here comes the setup as promised. The price has hit the daily support and has bounced from there although not significantly. Howeverm it is currently trading above that zone and it seems likely that the price will push upwards during the day and that should result in a green daily candle today. We will reevaluate the price action at the end of the day to see where we might be heading. But for now this is the plan as presented below.
BTC Upside and Downside ScenariosThe Positives:
Bitcoin is moving in a triangle formation, which is a continuation pattern.
Bitcoin is also above the 21D.
The challenges:
1. Bitcoin is at the triangle's resistance, and the yellow Gann angle also acts as resistance.
Possible Outcomes:
1. Bullish breakout. A breach of the 70K level opens the door to price appreciation, possibly as high as 82K.
2. Rejection. If Bitcoin is rejected at resistance, the immediate support levels are:
a. 67.9 – 21D EMA
b. 66K – triangle support.
c. 63.7K – 50D EMA.
d. 60.5K – Orange Gann Angle.
Additional considerations:
The following factors may influence the market participant’s behavior:
a. Mercury is retrograde — Price volatility and overall erratic behavior, especially related to news announcements and communication malfunctions. The retrograde period ends on April 25th.
b. Solar Eclipse – A solar eclipse is not necessarily a “bad omen.” However, it could influence the price. Call it a self-fulfilling prophecy.
c. Mars-Saturn conjunction may exert selling pressure.
Conclusion:
The weekly and daily TFs confirm we are at an uptrend. I am looking for long trades. Whatever happens, let the chart show you the way. If God blesses us with a dip, consider it an opportunity.
BTC Big triangleAfter BTC reach bearish target at por previous analysis, BTC go down a little more to to perform a big triangle pattern.
if this triangle support able to hold bearish, next bullish target at triangle resistance at 70.763
But if this pattern broken down,.. I will make a new analysis.
Good luck
📊#BTC next structural evolution☕️🤷♂️There was not much trading volume over the weekend, and it was in a complex consolidation phase recently, so the entire market did not change much.
🧠Based on the previous analysis posts of different cycles, the structures we can most likely build here are the cup-handle structure and the ascending triangle structure.
➡️If it is a cup-and-handle structure, then we will soon see an upward breakthrough, and the step back after the breakthrough is our entry opportunity.
➡️If it is an ascending triangle structure, then we still need to wait for a period of time, waiting for the price to be compressed to the smallest possible space before it starts to explode. When it breaks through the upper edge of the ascending triangle, it is our entry opportunity.
⚠️Note that if the price falls below the bull defense point, it means that the probability of a sharp adjustment increases, and the most pessimistic scenario may occur.
☕️Which scenario would you most like to see happen? Please leave your views in the comment section.👇
Cryptolean Bitcoin BTC UpdateDaily Chart
Bitcoin price is trading in the daily range zone between $65,400-$70,838 and forming a corrective structure (most likely, a triangle), before another bullish extension.
The daily candle closure and a sustained price action above $70,838 or, even better, above $71,604 will push Bitcoin price towards $77,250 and, possibly, higher to $82,890, the new ATH.
However, on the way to the key resistance around $77,250, BTC will have to deal with a minor resistance at $73,761.
Below $65,400, the key daily support, BTC will decline towards $62,450 support, and lower to $58,990.
Support once read.
Thank you!
⚠️Bitcoin is Ready to Go Down again by Wedge Pattern⚠️🏃♂️ Bitcoin is moving near the 🔴 Resistance zone($69,000-$67,800) 🔴.
🌊According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
📈The Classic Ascending Broadening Wedge Pattern is also visible in the chart.
🔔I expect Bitcoin to fall to at least near the Support line after breaking the lower line of the Ascending Broadening Wedge Pattern .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($69,000-$67,800) 🔴, the scenario can be bullish, and Bitcoin will go to a new All-Time High(ATH).
❗️⚠️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 has a chance to form a cup-handle structure📈🧠It's a pity that we didn't continue the momentum of the double bottom bull structure. And it fell below the support zone, and the support zone turned into a resistance zone again. Since our monthly closing price closed above neckline 2, the probability of us continuing to rise is still very high, so we can still be bullish.📈
➡️Therefore, if the price returns to the uptrend support line again and forms a good rebound, we can build a large cup-and-handle bullish structure from here. Using this structure as support and starting to rise, we should be able to easily break through the upper resistance zone.💪
⚠️Note that this view will be invalidated if the price falls below the bull defense point.
Let's see👀
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BTC is showing Bullish Pennant Pattern in the 1D time frameBINANCE:BTCUSDT.P
BTC is showing Bullish Pennant Pattern in the 1D time frame and the price may increase between 71k and 73k if support is found from the underlying trendline. brake the trendline below, price can down between 61k and 60k!🌈🍀
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
BTC/USDT UPDATE Bitcoin's recent price action has seen it fill the CME gap, suggesting that selling at current levels may not be the most strategic move. Instead, this zone is now viewed as a buying opportunity. I anticipate that Bitcoin will reach 76k in the coming days. There are two likely scenarios: the first involves a direct bounce from the current zone, while the second entails a temporary drop below support to clear out panic sellers before resuming the upward trend to 76k. Personally, I favor the second scenario, as I believe Bitcoin will first induce traders to sell before initiating a strong bounce. Overall, my sentiment is bullish on Bitcoin's outlook.
🚨Bitcoin Analysis🚨✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times.
🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line .
🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge Pattern is still Valid .
💡Bitcoin also seems to be completing a pullback to the lower line of the symmetrical triangle .
❗️⚠️Note⚠️❗️ : If Bitcoin can break the Resistance lines , we can expect a new All-Time High(ATH) for Bitcoin.
❗️⚠️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.
BTCUSD Bullish channel up vs triangle consolidationWe can see that BTC perform 2 pattern :
BULLISH CHANNEL UP
This pattern still perform but cannnot break triangle resistance.
to make sure bullish, $71.472 must break up and if we have it, next bullish target at any price at channel up resistance
but before this pattern broken down, we still have one classic support and resistance around fibonacci 0.382
$68.544 will hold bearish.
TRIANGLE PATTERN
This is neutral pattern, target depend on breakout direction.
If this pattern broken down, bearish target around fibonacci 2nd support level at $66.169
I will monitoring this analysis, and update as soon as possible if we have a break out
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