BTC try to break falling wedge patternHi, welcome to my analysis, I have a new pattern for BTC
we have correction wave from 14 mar, and perform falling wedge pattern.
at 1 hour timeframe, BTC already break this pattern and we already have candle close above falling wedge resistance.
This pattern profit projection at previous high at $74.055, but we also have fibonacci support at 0.618 with this support our second target at $79.801
Good luck
I will update this analysis if I found a new key level.
BTCUSDTPERP
BTCUSD We still in bullishHi welcome to my analysis,
If we look at 4 hours timeframe, bearish today only a correction wave, and BTC still inside expanding channel up.
Right now we have fibonacci support zone at $66.519 to $64.735 to hold bearish , If this support broken down,
we still have channel up support at $59.218
If this support able to hold bearish, My target at $75.055 previous high and maximum target at fibonacci 1.618 projection at $79.801
Warren Buffett : “Be fearful when others are greedy, and be greedy when others are fearful.”
Happy Trading,
May profit be with you
📊#BTC adjustment is not over yet⚠️🧠Pessimistic things still happen, but as expected, corrections are a normal phenomenon, and the corresponding adjustment level will not be too small after the daily level target is achieved, so we should pay attention to the 4-hour level correction rather than the small cycle.
➡️For the general direction, we are still in a bullish trend, so we should look for more opportunities to do long. Even if it is to enter a correction at the daily level, a 4-hour level short structure should be constructed here, otherwise a short structure with a too small period will not be able to reverse the overall bullish trend.
Let's be a little more patient☕️
⚠️At the same time, don’t forget about risk management.
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BTCUSD road to 75K$Bitcoin perform a great bullish with Bullish pennant and Symmertical triangle pattern.
If this pattern broken up, we have 2 target :
$66365 as symmetrical triangle profit projection and
$75508 as Bullish pennant profit projection
If this pattern broken down, we have $57487 - $56029 as fibonacci support to hold bearish movement.
Happy trading, Good luck
Will BTCUSD drop significantly?
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious buyers always cover their positions at low levels. The above adds strong support to the bottom of BTC.
BITSTAMP:BTCUSD CRYPTOCAP:BTC INDEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD
Whether it is value investing or short-term speculation, I think the time to buy is sooner or later. Just need to measure your own financial situation. Can you bear the risk of a correction?
Based on the above, the following suggestions for buying BTC are given. The prices are based on tradingview's prices.
BTCUSD No. 1 Buying Position 72614
BTCUSD 2nd buying position 71535
BTCUSD 3rd buying position 70500
The strong support below relies on 70k, which is an important integer level.
📊#BTC reaches the ideal target zone, cautious callback risk⚠️🧠As we set new highs again and again, my vigilance also increased a lot. At present, we have successfully reached the daily level target area, and what we have to do is to reduce our holdings or close our positions.⚙️
➡️Because the realization of the daily level target means that the daily level adjustment expectations have appeared, so I would not be surprised if it falls from here.☕️
➡️From a graphic point of view, we are rising according to the wedge model, which is not a very good signal. It often starts to fall according to this pattern.📉
➡️Although the views I expressed are somewhat pessimistic, I still stick to my principle and don’t go short! ! ! Because judging from the structure of the weekly and monthly levels, we are still in a bullish trend.
⚠️At the same time, don’t forget about risk management.
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📊#BTC is about to reach the ideal target zone🎯🧠Our divergence near the historical high is still relatively large, the fluctuations are much greater than before, and the difficulty of trading has also increased a lot, so I have recently reduced the trading frequency. Preventing a sharp retracement of profits is also an important part of the trading system. ✔️
➡️From a structural point of view, we are about to reach the ideal target area at the daily level. Reaching the ideal target area means that there is a probability that we will make adjustments at the daily level, so we need to maintain a cautious attitude.⚠️
➡️Although there is an expectation of adjustment, I will not go short because there is a long structure in the larger cycle. It is most reasonable and most profitable to continue to go long after the correction is over.✔️
Let's see👀
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Move coming for Bitcoin! My current TA suggests the next move for BTC is coming. However, which way? There are two possible scenarios. Scenario 1 will be an upside move with a move towards 77k. Scenario 2 will see a corrective move for BTC. I personally believe we will see scenario 1 play out. Most traders believe BTC will see a corrective move and I feel there will be a lot of short liquidations.
Let's see what happens ;)
Bitcoin Short Trend Reversal(Mid term)Started DCA Shorting BTC from above 68000.
Stoploss flat 69000.(1.5%)
Pretty much clean setup on this one with nice RR. Taking it won't hurt much because of the tighter stoploss.
Targeting 61k and 55k.
The price if holds here can see a significant downside.
I opened a position after very long time hopefully this will go good.
Note: Not a Financial Advice.
Bitcoin will Fall after🚨Bull Trap🚨🏃♂️Bitcoin is moving in the 🔴 Resistance zone($69,000_$65,000) 🔴.
📈From the point of view of Classic Technical Analysis , it seems that a Rising Wedge Pattern has been formed, although, at the same time, we seem to have witnessed a Bull Trap , and this Bull Trap caused a new All-Time High(ATH=$69,990) to be created for Bitcoin.
📚What is the 🐮Bull Trap🐮❗️❓
🔸 After a minimal rise, the bull trap forms when analysts and traders expect the price to move upward, so traders open their long positions, hoping for the price to go up. However, that’s not the case. The price goes down, trapping those traders who thought otherwise.
🔸In this case, traders without correct stop losses suffer heavy losses. They are the so-called bull trap fallen.
🔔I expect Bitcoin to fall to at least one of the Fibonacci levels( after completing the pullback to the lower line of the Rising Wedge Pattern .
❗️⚠️Note⚠️❗️: If Bitcoin makes a new ATH again, the analysis will be failed.
❗️⚠️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…whats coming next ? BTC / USDT
BTC is seeing a significant surge in price by more than 13k since my last analysis! (see in the attachment below)
⚜️ CHART ANALYSIS:
We can see BTC is moving in a massive ascending channel since 3 years !
The middle-line of channel acted as important S/R key level its also equates the 0.618 fibo level thats why after breaking out this level with strong volume 2 weeks ago, I published my last bullish idea about BTC is targeting 100k !
⚜️ So whats coming next here :
According to my view,Iam bullish and The possible scenarios are:
1- Break ATH first, pullback and continuation toward near 100k
2- Pullback first toward the middle line of channel and then breakout ATH
I tried to simplify my view as much as i can
Whats ur opinion and thoughts? and what scenario has higher chance for you ?
Don't forget to support this analysis and follow for more ideas, setups and analysis
Best of wishes.
BTC short term SellHi, It is not a detailed analysis so be sure to make your own before taking a position...
with that said, I am looking for btc to retreat for couple days.
It should bounce back up to 67,000$ - 67,100$
If it starts moving down after. Then a 1:2 short position is pretty reasonable to me.
stay safe...
BTC BULL TARGET 2025As BTC will go Higher And Higher with respective correction of 20% to 30%. BTC top Can Not Be predictable but 190k is the conviction price for this bull cycle..
Real Game starts after halving Done If you Don't Understand Much In Crypto BUY What I suggest Here:-
This Cycle Higher Price
ARB $15-$20
VRA $.20-$0.30
FTM $6-$8
Dot $100
Ada $5-$10
Manta $20-$35
Allocate what you can afford :)
BTC RETURN POSSIBLITYWe have seen 2 times rejections from the trend of ATH. BTC will stay RISKY for the next correction until the trend gets confirmed up the ATH.
The ATH area will stay a risky trend for high correction which can bring BTC again below 60K.
We can speak only about healthy trends when BTC targets up ATH with confirmations and the right time frames. Until now BTC has not made this confirmation.
After the New ATH of Bitcoin, what should we expect (Reasons)❗️❓😱Today, a new All-Time High(ATH) was created in most of the exchanges . Perhaps the movement of Bitcoin last week surprised many people, and many did not expect Bitcoin to touch All-Time High(ATH) before the new Halving . But it was expected that Bitcoin would react near the previous All-Time High(ATH), and the same happened. There are many reasons why Bitcoin should be corrected ( Fear and Greed index, Open Interest value, etc.).
💡 Bitcoin has started to decline from the 🔴 Resistance zone($69,000_$65,000) 🔴 and has managed to break the Uptrend line .
🌊According to the theory of Elliot waves , the end of wave 5 was in the 🔴 Resistance zone($69,000_$65,000) 🔴 , and we should expect correction waves ; one sign of the beginning of correction waves is the breaking of the Uptrend line . Another sign is the Regular Divergence(RD-) between two Consecutive Peaks.
💡One of the other charts that can help us confirm the Bitcoin correction is the Market Cap USDT Dominance% (USDT.D%) chart.
💡 USDT.D% after breaking the Support line and the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 caused the cryptocurrency market to increase significantly in these weeks.
💡Currently, USDT.D% is in 🟡 Potential Reversal Zone(PRZ) 🟡and near Support lines and has also touched the 🎯Symmetric Triangle Target🎯 . I expect USDT.D% to rise to at least one Fibonacci level .👇
🔔I expect Bitcoin to start going down again after possibly playing around $61,500 for a while and at least down to the Support line and 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️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 - Probable Scenarios and SetupsPreface:
On March 5th, 2024, Bitcoin made an ATH and proceeded to flash crash to 59K. Currently, it is not yet clear if the correction is over. There is also the question of Bitcoin’s upside and downside potential.
I will describe and explain the most probable scenarios and offer trade setups for each scenario.
Bitcoin ATH and consequent correction created a range. I will use this range to formulate a trading plan.
My base case is that the uptrend is intact until the PA represents evidence to the contrary. Therefore, I am focused on looking for long positions.
To Invalidate the bullish bias, the market structure has to break. Possibly like this:
Scenario No. 1: Short Consolidation & Breakout.
This scenario assumes that Bitcoin will consolidate at the upper 50% of the range and break out to the upside.
The move up from the range low created a tentative demand zone. The proximal line is at 64,230. The distal line is at 62,850. This demand zone is not valid yet; however, I plan to use it because it overlaps with the mid-range.
Possible Trade Setup:
• Entry: 64,200 (proximal line & mid-range)
• SL: 62,600 (below the distal line)
• TP: 69K, 72K, 122K
• R: R: 1:3.2 to first TP.
Scenario No. 2: Reaccumulation.
This Scenario Assumes that 69.3K was the BC. The correction to 59K was the AR. According to this scenario, we are in a reaccumulation range that will last some time, including a sideways range (building a cause), a spring event, and a breakout to the upside.
Possible Trade Setup:
• Entry: 59K (AR)
• SL: 57.9K
• TP: 69K, 72K, 122K
• R: R: 1:6.8
Scenario No. 3: Direct Breakout.
According to this scenario, Bitcoin will break out above the range-high and continue to 72K. According to my analysis, if the price enters the price discovery phase, 122K is my minimum expectation. Regardless, this scenario doesn’t offer a favorable R: R: if it doesn’t include a retest of the range high as support. I try not to trade on FOMO and hope. Yes, it’s possible long, but your position size has to reflect the risk you take. Consider using low-leverage and small position size if you take this trade.
Possible Trade Setup:
• Entry: 69K (range high retest)
• SL: 67.9K (arbitrary).
• TP: 72K, 122K
• R: R: 1:3.3
Scenario No. 4: Bearish Rejection:
In this scenario, Bitcoin tries to break above the ATH and gets rejected. This scenario is difficult to trade because it will be a replica of yesterday’s PA. It didn’t end well for the bears then, and many buyers are still sidelined, waiting for a dip. I don’t intend to trade Bitcoin short; regardless, a short trade has to present you with a clear and fast rejection from the range-high (UT). This rejection should not include a close above-the-range high. Ideally, a bearish engulfing candle will follow the rejection. Even if all these prerequisites will unfold, your first TP has to be at the mid-range. It's not an easy time for the bears.
Possible Trade Setup:
• Entry: 68K (rejection and back inside the range)
• SL: 70K (above the rejection wick)
• TP: 64K, 59K.
• R: R: 1:2
Scenario No. 5: Bearish Breakdown:
As I mentioned, I am focused on the upside until the PA presents evidence to the contrary. Should bitcoin break below the range low, my downside targets are 52K and 49K. These targets have the confluence of S/R levels and the Gann angles. I don’t plan to trade Bitcoin short unless it’s from the high range.
NFA
What do You think? Please share in the comments.
Best Wishes.
📊#BTC witnesses history, have you survived❓💥The crypto wave reaches its peak as we break through all-time highs, and what follows is a huge dump. Some are happy, some are sad, and human nature is fully demonstrated in this trading market. Trading is not gambling. You must know how to respect the market and consider risks first and then profits, so risk management is essential.💯
🧠From the perspective of the weekly level structure, after breaking through the historical high, the cup-and-handle bullish structure was established, which means that the space above has been opened, and the future is still a bull market. However, after we reach the weekly level target, there is no There is an adjustment to the corresponding level, so I hope there will be a weekly level correction. The area between the two necklines is regarded as the best buying area and deserves attention.👀
➡️From the perspective of wave theory, we may reach 135k-175k in the future🎯
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📊#BTC breaks out again, can it successfully break through ATH❓🎊Glad the market developed as expected and congratulations to the winners who followed Wolf King’s perspective and participated.🎉🎉🎉
🧠We pumped according to the ascending triangle. If you go long based on this point of view, you can lock in profits or close the position in time. Because the target area of this bullish structure has been reached, I don’t know whether it can continue to rise and break through ATH. There is no need to guess, just stay patient. Of course, you can also choose to retain part of the position in anticipation of the possibility of a breakthrough. Just decide based on your own risk appetite.✔️
➡️If the breakthrough is successful, I will look for long opportunities if there is a correction in the future.
➡️If the breakthrough fails and a short structure above the 1-hour level is formed, then I may change my bullish thinking.
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📊#BTC may continue to rise based on the ascending triangle📈🧠We have been consolidating in the target area for about 4 days. Graphically, we have formed an ascending triangle. If we successfully break through the inflection point, then this bullish structure will be confirmed. If there is a pullback, it will be a suitable buying opportunity.👀
⚠️Note that since we are within the daily level target zone, bullish calls need to be as conservative as possible.
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Bitcoin Mega Bullish 58K InComing I see nothing between 43500-58k.
Everyone Bearish right here.
I will long the claim of 43500 targeting 57k.
The more it holds the more things turning Bullish in timeframes.
Clean Invalidation of this long idea is breaking below 41500.
So I'll definitely try a long if price comes towards 42k else I'll wait for the 43500 retest.
Clean and clear rejection from downside.
Slight upside will push it in high liquidity and massive Level.
Note: Not a Financial Advice.
📊#BTC may enter a complex consolidation phase⚠️➡️After we complete the daily level target, we are expected to have daily level adjustments, so we try to maintain a cautious attitude in the D1 zone.
🧠In the coming time, we are likely to consolidate here for a period of time. Complex consolidation means that the wear and tear will be more serious, so I will not continue to do long here.
➡️If there is a good short structure, I will pay attention to short-selling opportunities. If we choose to directly break through ATH, then I will look for long-selling opportunities after the pullback.👀
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