Forward to 22500Based on the previous analysis method that was done on May 22, 2022 and referred to in this analysis.
Bitcoin has already gone through two 26-week uptrends and a half-16-week uptrend.
In the analysis based on my method, the bullish period of Bitcoin will end in the next 4 days and the bearish period of 10 to 26 weeks is ahead.
The end point of this downward movement will be 22500.
For more information about this method, please contact me.
BTCUSDTPERP
Bullish Sign For Bitcoin!Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for bitcoin.
Thanks
Hexa
📊#BTC has achieved the daily level target zone✔️➡️The recent focus has been on ETH, so we did not buy again after giving up the BTC order last time.
🧠However, the expected target area has been successfully achieved. If you follow my point of view and buy, please remember to lock in profits or close the position in time. Congratulations to all the friends who followed Wolf King to print money.
➡️The realization of the macro-cycle target also means that macro-cycle level adjustments may occur. Therefore, it is not recommended to go long in the target area. If there is a good bearish structure, you can try to make some short orders.📉
⚠️Also don’t forget risk management💯
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📊#BTC will continue to rise based on smiley face structure📈🧠As the popularity of the crypto market increases, it seems to be very difficult to fall quickly. A sharp decline or rise requires a process, and also requires structure as a supporting force. Moreover, there are still bullish targets above that have not all been realized, so we are still bullish. The response was good when it hit the support zone during yesterday's decline, and a potential smiling face bullish structure was constructed here, so we have a probability of continuing to break through the previous high. 🚀
Let's see
⚠️Also don’t forget risk management💯
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Gann Angles and Moon PhasesThis is me having fun. I do not claim to be an authority on Financial Astrology.
First issue: Why is the price consolidating at this price range?
I pulled a Gann Fan from the previous bear market low (3,156) to the November 2022 low (15,514). The 1/3 Gann angle is precisely at the current level of resistance.
This fact has profound implications. Why? Because a failure at this junction can take the price to as low as 37K, which is the 1/2 angle. The flip side of this coin is that Bitcoin can break resistance and proceed to make an ATH.
Is it likely? Not likely. Also, the Orange Angle seems more dominant, at least for now.
What about the moon? The days after a full moon are supposed to be bullish, and the days after a new moon are bearish. Simplistic, I know.
Let me suggest a possible scenario: Bitcoin breaks above the current consolidation range (Bull Flag) and makes it to 62K, which is the orange Gann angle resistance. After that, the new moon takes over, and we will begin the correction period, which will last until after the bitcoin halving (Buy the rumor; Sell the news). The yellow and orange Gann angles could provide support. 53K in the bullish scenario. 44K in the less bullish scenario.
This is an exercise in free thinking and extrapolation. Please take it for what it is.
Best Wishes
Pi Cycle Indicates The Bottom of Bitcoin.Pi cycle indicator has shown a bottom signal in July month, that’s the third time in the history of bitcoin.
This indicator accurately predicted the 2015 and 2018 bitcoin bottom.
If this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
🚧Bitcoin can GO DOWN by Rising Wedge Pattern🚧✅Bitcoin has managed to form a Rising Wedge Pattern near the 🔴 Resistance zone($52,820-$52,460) 🔴.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔After breaking the Support line , I expect Bitcoin to go Down to at least the 🟢 Support zone($50,840-$50,200) 🟢 in the next hour.
❗️⚠️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 bull signal confirmed✔️➡️As mentioned in the previous post, we successfully broke through the short defensive point, which means that the short structure at the weekly level has been destroyed, which means that the bull market has started.
➡️There are only two months until the BTC halving, so extreme market fluctuations are very likely to occur during this period, so please remain cautious.⚠️
🧠At present, the overall structural direction is still a bullish trend, with bullish transactions being the main focus. It is far easier to make money by trading with the trend than trading against the trend. Therefore, it would be better to look for long opportunities when the price returns to the neckline buy zone or the 12h buy zone.👀
keep patient☕️
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Bitcoin BTC price is near a critical point, what next?The BTC price has updated the high of 2023-2024 and is now at a critical point.
The Fear and Greed Index is 79 , the highest since 2021.
Optimism in the market is off the charts and it is alarming.
Above, there is a target of $53600 - the level at which the GAP will close from 2021.
The bottom target is $32700, which does not look realistic now, but anything is possible in the crypto market.
There is no signal for a short yet , everything is still growing by inertia.
However, you should be careful with longs and tighten your stops as your asset grows, so as not to give away your profits to the market.
_____________________
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Expanding Ending Diagonal Can Cause a Correction in Bitcoin🧐👋Hi everyone.
🚀Bitcoin continued its upward trend after a series of News and Joe Biden's strange Tweet (red eyes).
🏃♂️Bitcoin is moving near the upper reaches of the 🔴 Heavy Resistance zone($53,000-$47,000) 🔴, Resistance lines , and 🟡 Potential Reversal Zone(PRZ)($52,700-$51,780) 🟡.
🌊According to the Elliott wave theory, it seems that Bitcoin has chosen the Expanding Ending Diagonal Pattern to complete the fifth wave ( As long as Bitcoin cannot break the 🔴Heavy Resistance zone($53,000-$47,000)🔴, this wave count is valid. ).
📚The Expanding Ending Diagonal Pattern ( Elliot's point of view) is the same as the Ascending Broadening Wedge Pattern ( Classical Analysis point of view).
❗️⚠️Note⚠️❗️: If Bitcoin can touch $53,700, some corrective scenarios will expire, and we can expect Bitcoin to continue its upward trend to $56,000 in the coming days.
🔔I expect Bitcoin to go down to at least $50,000 , where the most volume trading has happened around this price in the past few days, and if Bitcoin can create a candle below $50,000 in the 4-hour time frame , we can expect a lower line of Expanding Ending Diagonal Pattern will break, and Bitcoin will fall even to the 🟢 Support zone($49,000-$47,000) 🟢.
📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios in which you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario.
❤️In the end, here is some advice for you as a little brother:
🔸TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and NOT waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect .
🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸I hope we can use TradingView to increase our capital and knowledge .
❗️⚠️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.
Possible scenario Bitcoin BTC price movement for February 2024In February, trading in the BTCUSDT pair started at around $42,000.
This value is approximately in the middle of the trading corridor with critical limits of $39000-39500 and $44250-44750
If you look at the left corner of the chart, you will see a table that shows that statistically, February is "green" for the BTC price
Only February 2020 "subtly hinted" at how tough March 2020 will be. Those who survived this period with their deposits definitely got goosebumps at the mere mention of it...)
And yet, it was exactly 4 years ago, before the previous "BTC halving"
We have depicted the approximate possible movement of the BTCUSDT price for February on the chart. Particular attention and important trading decisions will need to be made when the Bitcoin price is near the critical limits of $39000-39500 and $44250-44750
What is your bet? Will February be green or red? Where will the BTCUSD price go to 52000 or 32000?
Write everything in the comments!
#Bitcoin: Is making rising wedge pattern!In the daily timeframe, BITSTAMP:BTCUSD is currently exhibiting a rising wedge pattern If it goes as per the pattern, then technically, we can see a drop up to 35k.
50MA is working as a strong support level, with 42k and 40k as support.
For Bitcoin to become bullish in the long term, it needs to close a daily candle above the 44k resistance level.
There will likely be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs.
LET'S MAKE IT SIMPLE
It is crucial to pay attention to the daily candle closings. A bullish scenario may be considered if there is a breakout and a close above the $44k resistance level. On the other hand, a breakdown below FWB:42K in the daily timeframe will confirm a bearish pattern.
#DYOR #NFA
📊#BTC buy zone and sell zone💥➡️As BTC rises to $52,000 again, the heat is also rising. Although there was no callback as expected, it was in line with expectations because there are daily-level targets waiting to be achieved above, so this is why I do not recommend shorting BTC.
🧠If the short defense point is successfully broken through, it means the arrival of a bull market, but often when everyone is immersed in the wave, they need to be extra cautious. After all, this is a very cruel market, and be wary of the emergence of large-scale dumping.
➡️Therefore, when the price reaches the overlapping range of the daily target area and the weekly target area, you can pay attention to short-selling opportunities.📉
➡️If the breakthrough fails and you choose to pull back now, then the best buying area is the 12H buying area.📈
⚠️At the same time, don’t forget risk management and focus on conservative trading.⚠️
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BTC/USDT shortPulling this horizontal channel on the log chart, we see we are currently at the top of the channel, while also sweeping previous highs within a bearish Weekly order block. If we fail to close above this zone, the next draw on liquidity with multiple confluences (fvg, bb, ote, golden pocket) is around 30k for BTC.
🚨Bitcoin is Ready to Decrease to the Uptrend line🚨🏃♂️Bitcoin is moving in the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🌊According to the theory of Elliott waves , five impulse waves have been completed in 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
🔔I expect Bitcoin to fall at least to the Uptrend line , and if this line breaks, we can expect Bitcoin to fall to the 🟢 Support zone($44,700-$41,780) 🟢.
❗️⚠️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 strong break before the high, cautious short⚠️💥We have broken through the previous high very strongly, and the daily-level bullish trend has expanded. Therefore, there are still daily-level targets above waiting to be achieved, so be cautious about shorting.
➡️At the same time, we have once again returned to the weekly level target area, so we try to focus on conservative trading, so our long orders yesterday were relatively conservative. Although there are some regrets, the profit-loss ratio also reached 2.32, which is also very good. 💰🚀🌕🍻
➡️It may be wise to stay on the sidelines at this stage.☕️
🧠If we do not choose to continue rising to achieve the target, but choose to pull back, then when the price leaves the target area, the 12H level buying zone is a place worth paying attention to.
Let's see👀
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