Btc Next What ?Dear members,
We have received numerous inquiries regarding the Bitcoin (BTC) update. We would like to inform you that, based on our previous analysis, BTC is presently following our predicted trajectory.
At the moment, it has entered our short position zone, prompting us to take a small short position. However, please note that this entry is quite early. Our primary entry point remains at a price above 52,000. Consequently, it would be advisable to set a stop-loss above 50,200 on a candle closing basis for this short entry.
Thank you for your attention and continued support.
BTCUSDTPERP
BTC Update - 10.02.2024 / Long confirmed4 hour chart:
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
BTC Update - 06.02.2024 / Long is coming4h chartt:
on the senior time frame I see the price is in accumulation, the breaker imbalance is holding at the bottom, the key boundaries of accumulation at the top.
I think that the local minimum has already been seen, if we go even lower I will look for positions inside the accumulation lower, but I think it will not happen.
From above there are targets in the form of the key accumulation along with the seller's manipulation zone, also the key high.
I am considering positions from POI on ltf, or if we go lower into the breaker imbalance zone!
Not financial advice, always think with your head! ❗
BTCUSDT likely to move higher from daily supportThe price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not then just a small push to that daily support zone and we are ready to move higher.
📊#BTC may continue to rise according to the ascending triangle🧠We have been oscillating sideways in the resistance zone and TP zone for a long time. The differences here are relatively large. The bullish power does not continue, and the short power does not continue either. In the end, the price is compressed and gradually forms an ascending triangle.
➡️At present, the space we can move within the triangle is getting smaller and smaller. I believe it will not be long before the direction is decided, so please be sure to do a good job in risk management.💯
⚠️The fluctuations after the complex consolidation phase are often the end of the trend, so it is best to trade conservatively.✔️
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🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line .
🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves .
✅Bitcoin broke the Uptrend line .
🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon.
❗️⚠️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-short conflict may form a wolf wave🐺➡️My expectations for the rise have not changed, because there is a very nice wolf wave here. But the order we set was not triggered, which is a pity.🤯
➡️But the good news is that the market is developing as expected.✔️
🧠The contradiction here is that yesterday's rise did not break the short defensive point. Instead, there was a sharp correction and a large double-top short structure was formed, so there is also an expectation of a decline.📉
➡️However, the cycle of this short structure is relatively large, and it does not continue to fall below the bull defense point below, then the probability that we will continue to continue the bull power will be higher, so we look forward to the realization of the wolf wave.🙏🐺✔️
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🚨Bitcoin is Ready to Fall Again🚨👋Hi, I hope you had a great weekend.
✅ As I expected , Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢 .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($44,700-$41,780) 🔴.
📈Regarding Classic Technical Analysis , it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern .
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the wave 5.
🌊The end of wave 5 can continue to a maximum of around $44,800 .
🔔I expect that Bitcoin will FALL at least to the 🟢 Support zone($40,600-$40,280) 🟢 after the completion of wave 5, after breaking the Support line , and in the next step, it can also fill the 🔵 CME Gap($39,700-$39,850) 🔵.
❗️⚠️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.
Important section : 42141.24-43823.59Hello traders!
If you "Follow" us, you can always get new information quickly.
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Have a good day.
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(BTCUSDT 1M chart)
A new candle has been created.
The 42283.58 point is an important point and forms the volume profile section.
Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59.
If that happens, the next resistance area is expected to be the Fibonacci ratio range of 0.886-1.0.
If it falls below 42283.58, it is expected to maintain an upward trend only if it receives support around 37253.81.
(1W chart)
What is important to look at in the 1W chart is whether the price can be maintained above the HA-High indicator on the 1W chart.
The HA-High indicator is currently at 42141.24.
Accordingly, it can be seen that the section 42141.24-42283.58 corresponds to an important point.
As the price moves, trend lines are created, and you can see that it is moving within the rising channel of the rising trend lines (2)-(3).
Channeling doesn't actually have any special meaning, so it's best not to worry about it too much.
I think it just applies to the display method in chart analysis.
By combining this rising channel with the points mentioned above, we can calculate a period of volatility to some extent.
In that sense, the period of volatility on the 1W chart is expected to be around the week of March 11th.
(1D chart)
The key is whether the price can be maintained by rising above the psychological resistance zone of 43160.043823.59.
Accordingly, it is necessary to check whether the downward trend line (1) and (1-1) can be broken upward.
An upward trend line (2) is formed near the important point of 42141.24-42283.58, so it is important not to fall below this trend line.
If it falls below 41732.35, you need to check whether it can rise with support in the 39845.44-42053.66 range.
In any case, what is important is which direction it deviates from the 42141.24-43823.59 range, which is the range located during the period of unusual volatility (until February 8).
Even if it rises beyond the psychological range, there is a possibility of resistance in the 44200.0-47600.0 range, but if it rises this time, it is expected that it will succeed in breaking upward.
The reason is that funds are continuously flowing into the coin market.
If altcoins rise along with the price of BTC, it means that they have risen above a critical point.
In that case, if BTC dominance shows a decline, altcoins are expected to continue their upward trend.
On the other hand, if BTC dominance shows an upward trend, altcoins are likely to gradually sideways or decline.
Therefore, if you buy wrongly when an altcoin is rising, you may suffer, so it is better to buy before it rises or wait until BTC dominance shows a decline.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Bitcoin $200,000: A Matter of TimeThe price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price appreciation.
The price of Bitcoin began to rise significantly in the months leading up to the 3rd halving, which occurred on May 11, 2020. The price rose from around $5,000 in March 2020 to over $10,000 in May 2020. After the halving, the price of Bitcoin continued to rise, reaching a peak of over $68,000 in November 2021.
The fourth halving is estimated to occur in the second week of April 2024. The price of Bitcoin has been rising since the beginning of 2023, and I believe that it could reach $46,000 before halving and forming strong resistance for the next breakout. However, it is also possible that the price of Bitcoin could decline before the halving, as it did in the months leading up to the second and third halving in 2016 and 2020.
After the 4th halving, we can expect a significant upward movement in Bitcoin. Additionally, we can expect ETF approval after the halving, which could further impact the price of Bitcoin and drive it upwards to $200k.
Thanks
Hexa
Channels for Bitcoin BTC price movement during 2023-2024Throughout 2023, the BTCUSDT price moved up the channel skillfully.
And in early 2024, when BTC ETFs were finally accepted, the price of BTCUSD hit the top of the channel around $49000 and began its corrective movement.
Let's be honest, the correction of Bitcoin's price growth has been asking for a long time, now the only question is when it will end ?!
Write your options in the comments below the idea.
Now the price of BTCUSDT is at a critical point where the correction can be completed and a rebound to at least $44000-44200 can begin.
If not, the next obvious stop for Bitcoin price is around $32700.
The lower mark of the channel is around $27400
To be honest, we don't want the BTC price to fall there, because it could lose the bullishness of the crypto market's and continued growth and lead to a long sideways correction in 2024.
The ideas published on Trading View do not disappear, for example, our forecast written at the end of 2022 worked out quite well in 2023:
Write your thoughts on what the BTCUSDT price will be on January 01, 2025, and support the forecast you agree with likes.
And absolutely everyone will be able to check who was right)
important sectionIt is important to check whether the current rebound will lead to a trend or end in a rebound.
By looking at the idea content and follower volatility, you can tell whether followers used excessive leverage. Please refrain from high leverage. Even if you trade with low leverage, you can still make a lot of money.
If you plan to use high leverage, I recommend unfollowing.
BTC ON WAY TO 43K AFTER WICK BELOW 40KSince BTC is 45K we did add the possibility that BTC can show a decrease to the 40K zone and below depending on this update.
This is not a day update, since day updates can change with the small time frame.
We see that the least volume is not a confirmed volume for the breakdown trend which means that the bulls can get more power to increase the trend back then the BTC will break down further.
We expect that BTC can reenter back to the 43K in the coming time.
There is an important level at 43.3
When there is a real interest in crashing BTC, the whales will do it depending on time frames, we don't see this interest at this moment.
There is no guarantee in the market, follow always the trend since the trend can change.
( update not trading advice)
BTC still has a target to complete, so be cautious about short⚠️💥Yesterday we entered the market to go long after the contradiction point was broken. I also published the detailed trading strategy. I am very happy that the market developed as expected. We successfully reached TP zone 1, and at the same time, everyone locked in 80 % profit, the rate of return has also reached 500%+. Congratulations to all the friends who followed Wolf King to print money.💰🚀🌕🍻
🧠There is currently a TP zone 2 above that has not been realized. As for whether it can be realized, I don’t know. I can only say that there is a certain probability that it will be achieved. This is why I left a 20% position to look forward to this possibility. Of course, it is risk-free.☕️🙏🎯
➡️From the perspective of wave theory, we seem to have completed wave 3 and are transitioning to wave 4, looking forward to the occurrence of wave 5.🙏📈
➡️From a structural perspective, as long as our bull defense point is not destroyed, the expectation of rising prices will always exist.⚠️
Let's hope for more🙏
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#BTCUSDT Technical Analysis and market overview!#Bitcoin: Broke the red resistance zone; looks like a clean break.
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.
Though the higher time frame (HTF) is still bearish, I expect altcoins and BTC to rally together this week.
My Action? I am going to chill. I have a good altcoin bag and am ready to buy more at lower prices if the opportunity shows up!
The price is likely to hold the channel in the short term. $45,369 is the local resistance and the high of this channel in case we move higher and break the midline of the channel.
Your thoughts?
Bookmark this chart to stay updated!
Cheers
#Crypto #BTC
📊#BTC is in the long-short conflict zone, be cautious⚠️💥All the short orders we set up according to the double-top short structure yesterday have taken profit. If you have shorted according to this trading strategy, please set it up in time without risk. If you think the profit is enough, you can reduce your holdings and then look forward to more. Just decide based on your own risk appetite. At the same time, congratulations to the friends who followed Wolf King to print money.💰🍻
🧠At this stage, both bullishness and bearishness are reasonable and are in a contradictory range, so whether you are long or short, you should be conservative.
📈The bullish view supports the possibility of an ascending triangle forming here.
📉The bearish view supports the possibility that the shorts will continue to form a larger smiley face short structure here.
➡️As for how the market will go, we don't need to guess, we just need to pay attention to clear signals.👀
➡️If inflection point 1 is exceeded, then we will continue to rise according to the ascending triangle.📈
➡️If it falls below inflection point 2, then the smiley face short structure is established and we will continue to start the callback.📉
☕️Be patient and let's see what the market chooses.👀
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Bitcoin attempts to reenter the upward-sloping channelBitcoin edged higher over the weekend, briefly reentering the upward-sloping channel. At the same time, the number of Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC increased, suggesting big speculators might not be satisfied with the price yet to unload their newly acquired tokens during the dip. Therefore, our focus is on the lower bound of the upward-sloping channel. It will be positive if Bitcoin manages to break and stay above it. The same applies to technicals like RSI, MACD, and Stochastic if they continue reversing to the upside and growing. Nevertheless, a failure of the price to get back into the channel and a decline in the mentioned technicals will raise our concerns. We will update our thoughts as things progress.
Illustration 1.01
Illustration 1.01 shows the daily graph of BTCUSD’s RSI. A breakout above resistance will bolster bullish odds for Bitcoin. Contrarily, a failure will strengthen a bearish case.
Illustration 1.02
The image above displays the daily chart of BTCUSD’s MACD. A crossover above the midpoint will be bullish, while a failure will be bearish.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
🗺️Bitcoin Roadmap🗺️⏰(Daily time frame)⏰👋Hi, everyone.
📈Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis . (Please 🌹🙏 respectfully🙏🌹 share if you have a different opinion from me or other analysts).
✅As I expected, Bitcoin started declining from 🟡 Potential Reversal Zone(PRZ) 🟡 after the SEC approval of Bitcoin ETFs . ( In previous posts, I warned you several times that Bitcoin is near the end of its upward trend. )
🏃♂️Bitcoin has been moving in an Ascending Channel for more than a year , and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
⚔️Currently, Bitcoin is attacking the 🟢 Support zone($39,000-$37,000) 🟢, SMA(100) and Support line for the first time . Of course, it seems that Bitcoin will NOT succeed in breaking this zone .
📚 Assets generally do NOT break Support and Resistance zones for the first time.
🌊According to the theory of Elliott waves , Bitcoin seems to have completed five impulse waves in 🟡 Potential Reversal Zone(PRZ) 🟡and is now starting to form new corrective waves .
🔔I expect an upward trend in the coming days and at least an increase in the 🔴 Resistance Zone($43,800-$43,000) 🔴. (Bitcoin has had a high trading volume of around $43,400 , which indicates an important resistance for Bitcoin ).
❗️⚠️Note⚠️❗️If the Daily Candle closes below the 🟢 Support zone($39,000-$37,000) 🟢, we can expect further falls for Bitcoin.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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 Roadmap🗺️⏰(1-hour time frame)⏰🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop .
🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves .
💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
🔔I expect Bitcoin to go UP in the coming hours and break the 🔴 Resistance Zone($42,200-$41,780) 🔴 in front of it, and have a minimal increase until the end of wave 4 .
❗️⚠️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.
Bitcoin Ready to Increase 🚀➕10%🚀↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ).
✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you.
🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the Expanding Ending Diagonal , and it seems that Bitcoin has already started corrective waves .
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵 CME Gap($40,325-$39,290) 🔵 and then rebounds( ➕10% ) to around $43,500 .
❗️⚠️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.