📊#BTC breaks through successfully, where is the next TP❓🔥After 24 days of sideways trading, we finally chose to break upward. I also said in my last post that we should mainly trade conservatively during the complex consolidation period, so we chose to take profit after breaking through the previous high. Congratulations to our friends who followed Wolf King to print money, we successfully captured nearly 700% of the profits.💰🚀🌕🍻
🧠From the current point of view, we are in the TP zone, so it is definitely unreasonable to chase the rise. If there is a correction again, then it is most reasonable to look for suitable buying opportunities again. At the same time, we use the double bottom structure as the supporting driving force for the rise, and the long-term TP zone is expected to be realized.🙏🎯✔️
Let’s see 👀
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BTCUSDTPERP
Bitcoin Analysis✈️(Three Rising Valleys Pattern)✈️✅Bitcoin reacted well to 🟡 Price Reversal Zone(PRZ) 🟡, as I had expected in the previous post .
🔨Currently, Bitcoin has managed to break the Resistance lines and is completing a pullback to these lines.
🏃♂️Also, Bitcoin seems to be moving in an ascending channel , and inside this ascending channel , the Three Rising Valleys Pattern can be seen well.
🔔I expect Bitcoin to start rising from the bottom of the ascending channel and continue to rise at least until the upper resistance line or the upper line of the ascending channel .
❗️⚠️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 is Ready to Go 🚀UP🚀Again🚀Bitcoin started to rise near the 🟡 Price Reversal Zone(PRZ) 🟡.
🌊In terms of Elliott waves , a Zigzag(ABC/5-3-5) Correction in the 🟡 Price Reversal Zone(PRZ) 🟡 appears to have been completed .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect Bitcoin to go UP to at least the 🎯 First Target 🎯 I marked on the chart after breaking the Resistance lines .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟡 Price Reversal Zone(PRZ) 🟡, the scenario will change.
❗️⚠️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 is going to reach new ATH around $75k-$90k in January 2024First off, Bitcoin is in a very strong bull market since 2009 so likelihood of new ATHs is always higher than not-reaching ATH ever again.
Throughout 2022 Bitcoin was in a clear correction / pullback phase after 2021 distribution.
Market got cleared out of leverage with Luna, FTX, 3AC, etc. fiascos and built ground for a new wave of a bull market.
Bull market started in 2023 with no signs of distribution so will likely continue.
Price is very close to ATH and given 10 Jan 2024 ETF deadline its about time for big emotional swings no matter whether ETF gets accepted or denied.
MA50 D1 acted as a support in 2023 bull market so it's very likely it will act as a support again and price is very unlikely to break through it down.
Other than that price is consolidating in a clear abc Eliott Wave correction below strong $42000 resistance, once it breaks out there is no real resistance until ATH.
Also, price is in a clear Eliott Wave ending diagonal pattern since a couple of months and ending diagonals in BTC bull markets tend to break up with strong impulsive movements.
All cards are lined up there is a huge likelihood of ATH soon with ETF deadline being a catalyst for the move. BTC is a very strong buy now.
Next fluctuation range: 41350.0-46431.50Hello traders!
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(BTCUSDT chart)
This period of volatility runs until December 26th.
The fluctuation range is 39845.44-45135.66.
However, it is showing resistance around the psychological resistance range of 43160.0-43823.59.
(1D chart)
The next period of volatility will be around January 16th.
However, there is a period of mild volatility between around January 1st and around January 5th.
The fluctuation range at this time is 41350.0-46431.50.
If it fails to rise above 43823.59, the 41350.0-42278.03 range is expected to be the support zone since the MS-Signal indicator has risen above 43053.66.
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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.
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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.
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Comparing Bitcoin Halving With Price Movementwhat is Bitcoin Halving?
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in 2024.
Chart Overview: The chart above shows, how the bitcoin price moved before and after halving, before the 500 days of halving, the bitcoin price began to rise slowly. After the halving, the price of Bitcoin goes up hard, this was repeated in the past 3 halvings. expecting the same price movement in the 4th bitcoin halving. till the 4th bitcoin halving (halving expected date 2nd may 2024) bitcoin price will rise slowly After the halving we expect a strong up move in bitcoin and potentially reach the 200k level.
Thanks
Hexa
📊#BTC is still in a complex sideways consolidation phase. ☕️➡️We have experienced 21 days of sideways consolidation, and for trend traders, the complex consolidation phase is undoubtedly very grueling. But it is a paradise for swing traders. Therefore, in the complex consolidation stage, we should mainly trade conservatively.✔️
🧠In any case, the consolidation is in line with expectations, because our mid-term goal has been achieved, so there will definitely be relatively large differences here. From a structural point of view, our bull trend has not been continued, and our short trend has not been continued. In the end, the price is gradually being squeezed to form an ascending triangle. From the chart, it is not difficult to find that our movable range is gradually decreasing. , the choice of final direction should not be far away.✔️
Let’s see 👀
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Bitcoin Analysis(🦀Bearish Deep Crab Harmonic Pattern🦀)🏃♂️Bitcoin is moving in the 🔴 Resistance zone($43,500_$42,800) 🔴 and near the Resistance line and inside the Ascending Channel .
🌊According to the theory of Elliott waves , Bitcoin seems to be completing a Zigzag(ABC/5-3-5) correction in the ascending channel so that wave A has an Expanding Leading Diagonal .
💡Also, Bitcoin has managed to form a 🦀 Bearish Deep Crab Harmonic Pattern 🦀.
🔔I expect Bitcoin to start falling after breaking the lower line of the ascending channel .
❗️⚠️Note⚠️❗️: If Bitcoin breaks the Resistance line, 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.
BTC short-term is going to drop from $42700 to $40k.We are in a bull market and through Dec 2023 clear a, b, c correction is being made.
Wave a and b are clearly done.
Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5.
The drop won't stop until price reaches $40k level.
It's a good trade with a very high likelihood of success and amazing risk to reward.
$42700 is a good place to short with a stoploss at $43900 (above wave 4) and take profit $40k.
My thoughts on Bitcoin Macro LevelYou are looking at the weekly timeframe of Bitcoin.
Analysing After the recent move in Bitcoin I think BTC will consolidate in between 40k and 44.5k for pretty much long time and alts will get their time to make their move along with it.
After that i expect it to go lower from here upon breakodown of 40k level towards 30k and i think 30k level will be a good buy and it is not going any lower below 30k at all..
I did cut many levels and areas from the chart to make it look pretty simple and i believe the ideal scenario of 44.5k--->30k-->new highs is going to happen.
The analysis is based on high time frame and is my own personal opinion and thoughts.
Note: Not a Financial Advice.
BTC/USDT showing a prominent bearish double top pattern(M)BINANCE:BTCUSDT.P The 12-hour chart is showing a prominent bearish double top pattern(M), and a break below the trend line is likely to lead to a drop in the $41,000 to $40,500 range. Currently the price is above the trendline and we will see what happens in the future!✨
Bitcoin is going to retest 28500 - 28000 I think btc is going to retest the area 28500 - 28000 because at multiple timeframes it is making dojis , which is not a good sign for bullishness , we want it to come back to 28500 - 28000 area , get some liquidty and go bullish.
If it falls below 28000 we can expect it to take support at 25381 - 24337 and and continue rally higher.
Remeber we always need to trade with trend unless there is a Break of Structure.
A PERFECT LONG ENTRY FOR LONG TERM WOULD BE AT THE BIG YELLOW CIRCLE ON 8 - 12 AUG BECAUSE WE HAVE A TRENDLINE AND DEMAND ZONE .
Possible Price Trajectory for BitcoinI am trying to evaluate Bitcoin’s price trajectory.
To do that, I pulled two Gann angles with 1/1 axis being a trendline connecting the low to the high.
The First Gann fan aligns the 1/1 with a trendline connecting the Corona low with the ATH (in green).
The second Gann fan aligns the 1/1 with a trendline connecting this cycle’s low with the current cycle's high.
I aim to find support and resistance levels and a possible trajectory for bitcoins price.
I found two angles that act as support and resistance that could shape Bitcoin’s price trajectory in the following weeks.
I think drawing these angles on your chart is worthwhile as a possible route for Bitcoins price.
What do you think?
Please share in the comments.
Best Wishes
"Bitcoin's Crucial Moment: Symmetrical Triangle & 200MA Dynamics#Bitcoin update
Bitcoin is currently trading within a symmetrical triangle pattern, and a decisive breakout or breakdown is essential to determining the next directional move for Bitcoin.
In this context, the 200-day moving average (200MA) is functioning as a support level.
Stay tuned for further updates; I will continue to provide information as the situation develops.
📊#BTC is in a contradictory range, stay cautious⚠️➡️Overall, we are still in a complex consolidation stage, because our ideal long and short goals have not been achieved. Yesterday we reduced the short position and moved the stop loss down. We wanted to expect more without risk, but in the end In the end, it was still swept away, um~ I made a small profit. 💰🍻
🧠From a structural point of view, the double bottom structure was established after we broke through the turning point yesterday. Therefore, this period of rise is fully in line with expectations. The goal of the double bottom structure has been achieved so far, so there is a risk of a callback. Longers can reduce their holdings and then It is risk-free to look forward to a breakthrough from the previous high. If the previous high is broken, the expectation of downward adjustment will be invalidated, and the direction will change to actively bullish. 📈
➡️If it fails to break through the previous high and starts to fall instead, then if it falls below the previous low, a potential double-top bearish structure will be established, and then we will enter a larger level of adjustment range. Therefore, there are still expectations of decline here, and you need to be cautious if you are bullish! ⚠️
➡️From a morphological analysis, we can find that the price is gradually being squeezed into an ascending triangle, so we can pay attention to the final breakthrough direction chosen by the market. There is no need to guess how the market will make choices at the moment, we just need to remain patient. ☕️
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BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
BTC Update - 21.12.2023 / Local range with Long OFh1 Chart:
Yesterday's targets in the form of liquidity pool behind PDH level were successfully achieved.
At the moment we have formed a local range with an upward exit after the POI mitigation in the form of 1h FVG.
Now I would like to see a devation from below and the birth of an upward order flow through the break of the structure on the ltf!
I am out of positions for now and I advise you to stay out of positions!
Not a financial tip, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
One More Push to the Upside?Once Bitcoin’s price exceeded 33K, it entered the January 2022 re-distribution range. This range is between 33K and 48K. Once Bitcoin enters the range-low, it will reach the range-high. The question is, will it make it there directly, or are we in for a correction?
The probabilities are balanced. However, since it’s the question every Bitcoin trader ponders, I threw my hat into the ring.
To answer the question, I drew Gann angles from three pivot point lows to try and find relevant support and resistance levels.
The pivot points are:
1. The cycle low of 15,476 dated to November 21st, 2022.
2. The pivot low of 19,542 dated to March 10th, 2023.
3. The last pivot low was on September 11th, 2023.
I Drew the angles manually. The chart setting must be on “lock price to bar ratio.”
Each low creates a 90-degree angle by converging the X (time) and Y (price) axes. I later divided the 90-degree angle into eight. I did not use a Gann fan, nor did I use the angles as advocated by Michael Jenkins. I use what works, and as you see, it works!
After turning the visibility of the irrelevant trend lines, we are left with two possible resistance points:
1. At the 48K mark (orange).
2. At the 46.4K mark (purple).
These angles will also be useful as future support and resistance, but I am focused on the short term.
This is tradeable, but remember that this move is almost over. Be careful with your capital allocation. This a quick in-and-out trade.
Trade Idea:
Entry: 43.8 (current price)
SL: 43K (1H 50 EMA).
Target: 48K
TP: 46.5 (purple angle), 48K (orange angle).
R: R: 1:3.7 to first TP.
Risk Level: High
What do you think?
Please share in the comments
Best Wishes
Bitcoin Analysis (↗️Long↗️/↘️Short↘️Position)🏃♂️After failing to break the Support line , Bitcoin started to rise and is currently moving in the 🟢 Support zone($42,780-$42,280) 🟢.
🌊In terms of Elliott waves , Bitcoin seems to be completing microwave 4 .
🌊The structure of microwave 4 is Double Three Correction(WXY) .
🔔I expect Bitcoin to rise to the upper areas of the 🔴 Resistance zone($43,720_$43,340) 🔴 and then start to decline again .
🧐 What was the reason for the growth of Bitcoin in the last 24 hours❗️❓
🔸 The first news of the receipt of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC, which made many people hope for the approval of Bitcoin ETFs.
🔸But receiving the file does not mean approval and it is part of the standard process of reviewing ETFs by the US Securities and Exchange Commission (SEC).
🔸The second positive news is the listing of ARK 21Shares spot ETF in DTCC broker, which has caused this positive news to affect Bitcoin.
❗️⚠️Note⚠️❗️: The scenario will change if Bitcoin can close a candle in the 4-hour time frame above the Master Candle.
❗️⚠️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.