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BTCUSDTPERP

BTC - HTF View (Up only scenario)In my last BTC idea i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't. Idea here is self-explanatory but it can look more cluttered when shared so a little explanation. The whole thinking is shaped around the Nasdaq fractal and an up only scenario, which is unlikely IMO. Between the three, blue option is my favourite as it'll stop enough people and make many others short, but it'll be hard to predict where it reverses as well. I'll share more ideas, which are more bearish at first but bullish later, but there are good reasons (FVGs, OBs, Harmonics and more) to push to 32 - 34s and even 36s and reverse from there.
Long
by cryptokebab
5
BTCUSDT at daily support, likely to bounce to 46900The price was pushed down by the weekly resistance 1WR1. This was a significant drop which made the price drop by almost 15% from the recent high. The drop made the price land into daily support which is a strong support zone as there had been long accummulation in this area and therefore a sound bounce is expected from here. I think a long is favorable here. It is likely that this drop marks the bottom for the next leg up clearing the recent high. However, we focus on the current trade opportunity which has teh target of weekly resisatnce.
Long
by angela_altair
Bitcoin can go UP by Descending Broadening Wedge Pattern🚀✅Bitcoin started to pump after the approval of ETFs by the SEC , but the technical analysis zones are still working, and I showed you all the movements of Bitcoin in the previous post . 🏃‍♂️Currently, Bitcoin is still moving in the 🔴Heavy Resistance Zone($52,100-$45,800)🔴 and the bottom of the ascending channel , but I expect Bitcoin to make another temporary rally . 🚀It seems that the formation of a Descending Broadening Wedge Pattern can be a sign of the increase of Bitcoin. 🔔I expect Bitcoin to go UP to at least the 🎯 zone 🎯 it indicated on the chart after breaking the upper line of the wedge pattern . ❗️⚠️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.
Long
by pejman_zwin
13
Bitcoin Scenarios for the Future Hours🧐👋Hi, everyone. 🌐Today, I want to explain to you the possible scenarios for Bitcoin; during the last week and the beginning of the new year 2024 , Bitcoin has been affected by the News , and we have seen Pumps and even Dumps , so before the SEC decision In the case of Bitcoin ETFs , it is better to trade a little more carefully . That's why I didn't consider Short or Long labels for this post. 🌐In general, ➕ Positive News ➕ about the approval of ETFs outweighs the ➖ Negative News ➖. 📚This positive news caused the Fear & Greed Index to re-enter the Extreme Greed zone(76) for the first time in 2/5 years . Of course, maybe you are Greedy too😊. 📈We can use technical analysis tools to analyze Bitcoin in the current situation to help us predict the future of Bitcoin. ⚔️Bitcoin is attacking the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 for the second time . 🏃‍♂️If we look at the Bitcoin chart in the 1-hour time frame , we will find that Bitcoin has been moving in the Ascending Channel(Black) for about 7 days . However, on the daily time frame , Bitcoin is moving in an Ascending channel(Blue) . 💡In terms of divergence, Regular Divergence(RD-) can be seen between successive peaks of Bitcoin, but Bitcoin has already proven that this type of Divergence is definitely NOT the reason for a return , and at least we can understand that soon Bitcoin will enter a correction ( it is likely that Bitcoin will still With these divergences, the price will increase by about 20% . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed one of its impulsive/correction waves above the lines of ascending channels and 🟡 Potential Reversal Zone(PRZ)($48,180-$47,250) 🟡. ⚠️I have two scenarios for the waves that I will share with you after the approval/disapproval of Bitcoin ETFs ⚠️. 💡Before concluding, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) charts. 🔸 Market Cap BTC Dominance% (BTC.D%) : After the positive news about Bitcoin ETFs , investors started investing more in Bitcoin, causing BTC.D% to go up for days. Currently, BTC.D% is moving in the 🟡 Potential Reversal Zone(PRZ) 🟡and near the Resistance line , and I expect this investor greed to end in the 🟡 Potential Reversal Zone(PRZ) 🟡 or 🔴 Heavy Resistance Zone(60%-%57) 🔴. Then, we will see a decrease in the strength of Bitcoin in the cryptocurrency market. We can see this decrease in the strength of Bitcoin after the final news of the SEC subsides. 💡 Tip : Until the return of BTC.D% is confirmed, it is better to invest less in Altcoins. 👇 🔸 Market Cap USDT Dominance% (USDT.D%) : USDT.D% is moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢, and it is attacking this zone for the first time, I expect that even if bitcoin ETFs are confirmed, USDT.D% will NOT break the🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line at least for this attack and at least until the 🔴 Resistance zone(6.70%-6.30%) 🔴 starts to increase, because there is a possibility that even after the approval of Bitcoin ETFs, the cryptocurrency market will enter a correction. 👇 🔔As a result, I expect Bitcoin to fall to the Fibonacci levels I marked on my chart in the coming hours ahead of the SEC approval/disapproval of Bitcoin ETFs . If it is confirmed , it will attack the upper lines of the ascending channels and 🟡PRZ🟡, and if it is not confirmed or even postponed in the vote, Bitcoin will lose the 🟢 Support zone($44,800-$44,160) 🟢 and ascending channel(Black) . ❤️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. 🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment; check their past, and the truth will be clear(These days they are hot). 🔸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 ), 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.
by pejman_zwin
25
Bitcoin (BTC/USD) Longterm. Key Levels between 30k -70k Date: January 11, 2024 Overview: Bitcoin has continued its ascent in the cryptocurrency market, showcasing a bullish trajectory on the weekly timeframe as observed on Bitstamp. This report delves into the key technical indicators to provide a comprehensive analysis of BTC's current market state. Price Channel Analysis: Bitcoin's price action has been contained within an ascending channel, indicating a strong bullish trend. The recent candles are testing the upper bounds of this channel, suggesting a possible resistance encounter. A weekly close above the channel may signal a further bullish continuation, whereas a rejection could lead to a retest of the lower boundary. Z-Score Probability Indicator Analysis: The Z-Score Indicator is showing a return to bullish sentiment with values currently in the green zone, which traditionally suggests a bullish market condition. The price level corresponding to the latest green peak is $48,829.25. The presence in the green zone is indicative of a potential continuation of the bullish trend. Angular Momentum Analysis: The Angular Momentum indicator has fluctuated around the zero line, indicating a market with a fair balance between bullish and bearish momentum. It currently remains above the zero line, which could be taken as a mild bullish signal. Key Levels to Watch: Resistance: The market is currently testing a key resistance level, with the potential target at $58,679 if the upward momentum continues. Support: Should a bearish reversal occur, the key support levels to watch are at $33,424 followed by $30,829. Long-term Projection: The chart displays a potential long-term price projection of $148,307, which would represent a 314.12% increase from the current levels. Potential Strategy: Traders might consider watching for a confirmed breakout above the current resistance for potential long entries, with the aforementioned upper channel line serving as a trailing stop. Conversely, a rejection at this level could offer short-term bearish opportunities with targets set at the nearest support levels. Risk Consideration: Given that Bitcoin is testing critical resistance levels, traders should be prepared for volatility and potential sharp price movements. It's advisable to use stop-loss orders to manage risk, especially in the event of a false breakout or a sudden trend reversal. Conclusion: Bitcoin's bullish structure remains intact, with the current test of the upper channel boundary being pivotal for future price direction. The indicators suggest that while bullish momentum is present, traders should remain cautious and look for confirmation before placing trades. As the cryptocurrency market is known for its volatility, maintaining a robust risk management strategy is essential. This analysis is provided for informational purposes only and does not constitute financial advice. Traders should conduct their own research and tailor their strategies to their individual risk tolerance.
BITSTAMP:BTCUSD
by meloneusk
Why I'm holding onto my bearish outlook, 38k Bitcoin incoming?Even with BTC buyers pushing it to 47k, they seem stuck outside the Bulls' original trend channel from back in December 2023. Numerous attempts to re-enter the channel failed, notably at $45,900 and $47,900, resulting in catastrophic rejections. While some may see this as bullish, it signals strong bearish potential. If the weekly chart doesn't close above $45,900, we might witness sideways movement through January, with a potential unexpected dump by February. Stay cautious, especially as BTC ETF approval could exacerbate the impending dump.
BINANCE:BTCUSD.P
by MachiavelliTrader
🗺️Bitcoin Roadmap🗺️(15-minute time frame➡️RR>3.00)🏃‍♂️Bitcoin is moving near the 🔴 Resistance zone($44,800-$44,160) 🔴 and Inside the Ascending Channel . 🌊According to Elliot's wave theory , wave 3 ended near 50_SMA(Daily) , and now we have to wait for the confirmation of the end of wave 4 . 🌊It seems that the structure of wave 4 is the Double Three Correction(WXY) . 🌊With a lower line of ascending channel broken , we can confirm the end of wave 4 . 🔔After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the 🟢 Support zone($40,900-$40,200) 🟢 and complete wave 5 ( wave 5 can even be truncated) . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change ❗️⚠️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.
Short
by pejman_zwin
67
The key is whether this week's candle closes above 43160.0Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1W chart) The key is whether this week's candle can close above 43823.59. If it fails to close above 43823.59, I think there is a high possibility of a decline since it is the 5th week of resistance at 43823.59. At this time, you need to check whether it can receive support and rise around 37253.81-38531.90. (1D chart) This period of volatility runs until January 6th. Therefore, we need to check where this week's candle closes. The next period of volatility will be around January 16th. The fluctuation range in the next volatility period is expected to be in the range of 42053.66-45135.66 (maximum 37253.81-56150.01). It is necessary to check whether the price can rise along the rising channel based on the rising trend line (2). --------------------------------------------- USDT and USDC are maintaining an upward trend, creating a gap. I think this is evidence that funds are continuously flowing into the coin market. (USDT chart) If USDT dominance is located below the 5.89-6.39 range, I think the coin market is likely to maintain an upward trend. (BTC.D chart) At this time, if BTC dominance falls below 50 and remains, I think there is a high possibility that an altcoin bull market will begin. Otherwise, if it rises, altcoins are likely to gradually sideways or decline because funds are concentrated towards BTC. However, as BTC rises, BTC dominance rises, and if BTC dominance rises above 61 and then begins to fall, the coin market is expected to enter a major bull market. A major bull market refers to a bull market in which most coins (tokens) renew their new highs (ATH) beyond imagination. Have a good time. thank you -------------------------------------------------- - 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 zone, you should check the movement when this zone 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 -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
5
BTC Update - 06.01.2024 / 4 setups in one timeI don't see situations in the market at the moment, but the picture on bitcoin is very interesting, I see several situations for entry on it. 1 hour chart: almost filled the 4 hour imbalance and accumulated liquidity on both sides, from which I would watch the reaction. Long POI: - Compression (41920): in the moment would watch the performance of the off on the ltf and decide to enter. - Key low (40333): here I would also wait for the Long order flop on ltf to nucleate and then take a position. Short POI: - Equal highs + FF (44840.8): everything is the same only shorted. - Key High (45950): I would be careful with this zone of interest, I would take a position only if the structure breaks at 30m and above. Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
by trademansi0n
Bitcoin Analysis(Stop Hunting or Falling has started)❗️❓🧐The start of the new year 2024 was interesting for Bitcoin; we saw both a Bitcoin Pump/Dump in the first three days. ↗️The reason for the Bitcoin Pump was the news of the possible approval of Bitcoin ETFs on Tuesday and Wednesday. ↘️The Bitcoin Dump was due to the possible rejection of all Bitcoin ETFs ( Predicted by Matrixport ). 🌐It seems that the news is playing with our capital 🤨 So we should use our analytical power and be able to answer the question in the title of this post: " Stop Hunting or Falling has started❗️❓ ." 🔨Bitcoin has started to fall from the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . In general, the price cannot break the resistance/support areas for the first time most of the time, so one would expect the price to start falling from the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, although I personally expected the price to go a little higher and then start to fall. 🌊According to the theory of Elliott waves , it seems that the main wave 5 has finished in the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, and we should wait for the correction waves to start. 🌊In my opinion, two wave counting scenarios can be considered for Bitcoin, so that it seems that Bitcoin has completed its microwave 3 and is looking to complete microwave 4 (corrective), and then we have to wait for microwave 5, but this microwave 5 can end in two ways : 🔸Bitcoin can break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 is completed below the 🟢 Support zone($40,900-$40,200) 🟢, which strengthens our bearish scenario . 🔸Bitcoin can't break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 closes even a little higher than microwave 3 (microwave 5 is truncated). This scenario reinforces the possibility of Bitcoin's growth again . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change ✅Regarding Classical Analysis , if we look at the Bitcoin chart in the 4-hour time frame, we will realize that Bitcoin has succeeded in forming an Ascending Broadening Wedge Pattern .👇 💵Another chart that can help us analyze Bitcoin and the cryptocurrency market is Market Cap USDT Dominance% (USDT.D%) . 💵 USDT.D% is currently moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line , and I think that USDT.D% will increase at least to the 🔴 Resistance zone(6.70%-6.30%) 🔴, and then we have to wait for the SEC and see which scenario (it is clear in the chart below / weekly time frame) happens to USDT.D%, so for now, I think we should wait for a temporary increase in USDT.D% .👇 🔄To find out whether Bitcoin will be greatly affected by the USDT.D% increase or not, it is better to check the Market Cap BTC Dominance% (BTC.D%) chart ( of course, there are other charts that we can take help from ). 🔄 BTC.D% seems to have lost the uptrend line and is waiting for the 🟢 Support zone(49.46%-47.30%) 🟢 to fall, so if the USDT.D% increases , it can be said in a way that Bitcoin will be less affected by the possible fall of the market than other tokens .👇 🔔As a result, I generally expect the cryptocurrency market to experience a correction given the large slope that Bitcoin had from $25,000 to $45,000 , and if the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 of ​​the USDT.D% is broken, we can expect the cryptocurrency market to recover and start to increase again. 🔔The increase of Bitcoin in the last few months is all due to the news of ETFs, and if ETFs are rejected by SEC , we should expect a sharp drop in the market to around $25,000 . Even if ETFs are approved , Bitcoin may NOT experience the expected price increase(It reminds me of the " Buy the rumor, Sell the news "). ❗️⚠️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.
Short
by pejman_zwin
53
The key is whether it can rise to the second resistance zoneHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- #BTCUSDT 1W It has risen by more than 64% and is showing resistance around the 43823.59 point for the fourth week. Accordingly, if this week's candle fails to close higher than 43823.59, there is a possibility of a downward trend. Looking at the 1W chart, the transition to a downtrend is expected to occur when the price falls below 37253.81-38531.90. Until then, it is expected that price adjustments will create a pull back pattern. Therefore, the key is whether it can rise to the 45135.66-46431.5 range. (1D) It rose to the psychological resistance range of 43160.0-43823.59. Accordingly, the key is whether it can receive support and rise in the 43160.0-43823.59 range. If it fails to rise and falls below 41350.0, it is highly likely that it will turn into a short-term downtrend, so a countermeasure is needed. However, as I mentioned in the explanation of the 1W chart, there is a high possibility of creating a pull back pattern above the 37253.81-38531.90 range, so we need to consider this and create a response strategy. If it rises beyond the second resistance range of 44200.0-47600.0, the next resistance range is 53256.64-45150.01. Accordingly, it is necessary to check whether it can rise above the secondary resistance zone between around January 1st and around January 5th, which is the period of small volatility, and around January 16th, which is the main volatility period. If it is to fall, a sharp drop must necessarily occur. If a sharp drop occurs, it is likely to touch around 32917.17-34110.32. If that happens, it is expected to quickly rise to around 37253.81-38531.90, so it is expected to be a time for aggressive buying. Have a good time. thank you -------------------------------------------------- - 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 -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
1
📊#BTC Ascending Triangle Fails, What Will Happen Next❓➡️Since I locked all BTC spot profits at 42,000, subsequent transactions have been mainly short-term futures transactions. Because it is very likely that significant adjustments will occur after the mid-term goals are achieved. I have said this in previous posts. Fans who have been following me for a long time should have seen this point of view.✔️ ➡️At present, BTC is still adjusting at the hourly level, and the adjustment at the daily level has not been completed. Because there are expectations of substantial adjustments, our recent trading style has been mainly conservative. This is also the reason why we chose to close the position after completing the TP zone instead of continuing to expect higher targets.✔️ 🧠From the chart, we can find that there are two ascending triangles, but the adjustment periods corresponding to each other are different, so the corresponding levels are also different. This means that there is a big difference in the intensity of the rise. It is enough to show that the higher we go, the more resistance we will encounter. After yesterday's huge dump, our bull defense point was broken and therefore the ascending triangle failed. The current rise is just a rebound after sweeping the liquidity pool, so we cannot be too optimistic. The bulls' defensive point is destroyed, which means that the previous low will most likely be broken. Therefore, if we want to go long, we should wait for the previous low to be broken before looking for buying opportunities. If we want to go short, we should wait until the price breaks through the previous high again or reaches near the TP zone before looking for opportunities to intervene. Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
Bitcoin Support Levels from High to LowPreface: At the moment, bitcoin’s market structure does not confirm a downtrend or a correction. Regardless, a correction will come; they always do. Correction Depth: In 2023, we had three corrections. These corrections ranged from 20% to 23%. I don’t see a reason why this correction should be deeper. On the contrary, with the Bitcoin halving approaching and the ETFs on the horizon, I think a correction, if and when it comes, could be shallower than the previous ones. Correction Length: In 2023, the first correction was short and sharp; it lasted 19 days. The other two corrections lasted 60 days each. What Makes a Support Level Hold? A support level is most substantial when it has some additional confluence. For example, a diagonal trendline, such as a Gann angle, intersects with a horizontal level. Another example is a horizontal support level coupled with an RSI oversold reading. Demand zones are another possibility. EMAs could also serve as support or add confluence to another support level. The longer EMAS include the 100D (yellow) & 200D (green) EMAs. The more confluence, the better Bitcoin Support levels from the high to low: 1. 41.38K Gann angle. It's not likely to hold if this is a Mid-cycle correction. 2. 40.5K Range low. The range low is also not likely to hold if this is a mid-cycle correction. 3. 38.5K Previous Range high. This level has a decent chance to hold. Not too bad for DCA. 4 35.6K Previous Range low. This level is more than 20% off the top. 5. 33K January 2022 redistribution range low. If the price gets there, it’s rock solid, in my opinion. 6. 31.8: S/R level & Gann Angle. 7. Below 31.8. If Bitcoin gets below 31.8, I’ll have to call McDonald’s to see if there is an open position. NOT GOING TO HAPPEN. Possible Course of Action: Build a spot Position, DCA. Begin with a small position at the range low (no.2) and increase your position size as the price goes lower. The drawback is that you are taking a risk by buying an asset as it is losing value. Personally, I am confident that we are on the verge of a bull market, but everything is possible. DCA is only for those with a strong conviction about Bitcoin.
Long
by NewThoughtCrypto
1
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰📈Today I want to show you all the Resistance/Support lines and areas that we should consider for Bitcoin analysis and trading . 💡Bitcoin with the announcement of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC , and the listing of ARK 21Shares spot ETF in DTCC broker started to rise from the 🟢 Support zone($40,900_$40,200) 🟢 to the 🔴 Resistance zone($43,500_$42,800) 🔴. 💡Bitcoin is currently in a sensitive area , so that it seems to have succeeded in breaking the 🔴 Resistance zone($43,500_$42,800) 🔴. On the other hand, there are Resistance lines and 🟡 Price Reversal Zones (PRZs) 🟡above the current price of Bitcoin. 🧐So now that Bitcoin is in a sensitive area, we should use other technical analysis tools such as Elliott Wave Theory . 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the correction structure of Double Three Correction(WXY) . In such a way that the main wave W and Y have a Zigzag(ABC/5-3-5) correction structure, so it can be said that the correction structure is Double Zigzag Correction(WXY) , which is a special type of Double Three Correction. 💡Another thing to keep in mind is that I expect the DXY index to go up and have a negative effect on Bitcoin due to the correlation(-0.60) between Bitcoin and the DXY index . On the other hand, it is very likely that in the coming week, the Gold chart will also have a downward trend (Gold has a Correlation of 0.51 with Bitcoin at the moment), so Gold can also have a negative effect on Bitcoin. 💡Also, we can see Strong Regular Divergence(RD-) between two Consecutive Peaks . 🔔As a result, I expect Bitcoin to Fall to at least the Support line(1) in the coming days 🚦Since Volume Trading is usually low on Saturdays and Sundays , perhaps the decline of Bitcoin will be a little delayed . 📚Regarding the possibility that the spot Bitcoin ETF will be approved around January 10 , I can say that I think the market is currently full of news about this issue and we saw its effect on the chart weeks ago, so I think Bitcoin can still be corrected until it really is. Let confirmation spot Bitcoin ETF come so we can see another exciting movement in the crypto market. ❗️⚠️Note⚠️❗️: If BTC can touch $44,800, Bullish Scenario will be active == Next 🎯Target🎯 ==🟡 Price Reversal Zones (PRZ(1)) 🟡. ❗️⚠️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.
Short
by pejman_zwin
59
🗺️Bitcoin Roadmap🗺️(🥳Happy New Year 2024🥳)🥳 Congratulate to everyone on the year 2️⃣0️⃣2️⃣4️⃣. 🙏I hope the new year is full of good things for you , your family , and your friends . 💸My wish for you is health first , success in business and personal life in the next step, and a pocket/wallet full of dollars . 🚀Bitcoin made good growth at the start of the New year(2024) , and one of the main reasons for its growth is the possibility of approving the Bitcoin ETF on Tuesday and Wednesday . (It reminds me of the " Buy the rumor, Sell the news " correction). 🏃‍♂️Bitcoin is currently moving near the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . 🌊Regarding Elliott wave theory , Bitcoin seems to complete microwave 3 of the main wave 5 . 🔔I expect Bitcoin to drop to the 🟢Support zone($44,800-$44,170)🟢 after the completion of microwave 3 of the main wave 5 and then start to rise again to the end of main wave 5 (zone/$48,200-$46,620) . 🎉 In the end, I hope you have a Nice Holiday. ❗️⚠️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.
Long
by pejman_zwin
29
🚀 #Bitcoin ETF Roadmap, $54k by January End??🚀 Our last 3 Roadmap charts have been spot-on and quite viral too, Thanks for your support so far! Let's get back to the chart! Analyzing the current market conditions, We're still on track to reach the top of the 5th wave, expected to be in the $47,000 to $54,000 range. Following that, we anticipate an ABC correction. This upcoming move will essentially confirm the accuracy of our Elliott Wave Theory, which has accurately predicted each wave precisely over the past two months. Other technical rationale behind this projection: 1. Fractals: Examination of fractal patterns on the charts reveals similar PA during the last 5 months before the halving! (Charts will be posted soon) 2. Multiple Indicators: Various technical indicators align, emphasizing the bullish sentiment including much anticipated ETF News! 3. Elliot Wave Theory: So far every single wave has been on track, the 5th wave will complete our 2-month-long EW Wave. Anticipate this movement within the coming week, but it's crucial to remain prepared for potential market shifts. Invalidation point: A close below $41,200 could signal a deviation from the anticipated trend. If you find this chart useful, please consider giving it a thumbs up and sharing it. Feel free to bookmark it to stay informed about any market shifts. DYOR, NFA Thank you PEACE
BINANCE:BTCUSDLong
by Cryptorphic
1