📊#BTC bull signal confirmed✔️➡️As mentioned in the previous post, we successfully broke through the short defensive point, which means that the short structure at the weekly level has been destroyed, which means that the bull market has started.
➡️There are only two months until the BTC halving, so extreme market fluctuations are very likely to occur during this period, so please remain cautious.⚠️
🧠At present, the overall structural direction is still a bullish trend, with bullish transactions being the main focus. It is far easier to make money by trading with the trend than trading against the trend. Therefore, it would be better to look for long opportunities when the price returns to the neckline buy zone or the 12h buy zone.👀
keep patient☕️
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BTCUSDTPERP
Bitcoin BTC price is near a critical point, what next?The BTC price has updated the high of 2023-2024 and is now at a critical point.
The Fear and Greed Index is 79 , the highest since 2021.
Optimism in the market is off the charts and it is alarming.
Above, there is a target of $53600 - the level at which the GAP will close from 2021.
The bottom target is $32700, which does not look realistic now, but anything is possible in the crypto market.
There is no signal for a short yet , everything is still growing by inertia.
However, you should be careful with longs and tighten your stops as your asset grows, so as not to give away your profits to the market.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Expanding Ending Diagonal Can Cause a Correction in Bitcoin🧐👋Hi everyone.
🚀Bitcoin continued its upward trend after a series of News and Joe Biden's strange Tweet (red eyes).
🏃♂️Bitcoin is moving near the upper reaches of the 🔴 Heavy Resistance zone($53,000-$47,000) 🔴, Resistance lines , and 🟡 Potential Reversal Zone(PRZ)($52,700-$51,780) 🟡.
🌊According to the Elliott wave theory, it seems that Bitcoin has chosen the Expanding Ending Diagonal Pattern to complete the fifth wave ( As long as Bitcoin cannot break the 🔴Heavy Resistance zone($53,000-$47,000)🔴, this wave count is valid. ).
📚The Expanding Ending Diagonal Pattern ( Elliot's point of view) is the same as the Ascending Broadening Wedge Pattern ( Classical Analysis point of view).
❗️⚠️Note⚠️❗️: If Bitcoin can touch $53,700, some corrective scenarios will expire, and we can expect Bitcoin to continue its upward trend to $56,000 in the coming days.
🔔I expect Bitcoin to go down to at least $50,000 , where the most volume trading has happened around this price in the past few days, and if Bitcoin can create a candle below $50,000 in the 4-hour time frame , we can expect a lower line of Expanding Ending Diagonal Pattern will break, and Bitcoin will fall even to the 🟢 Support zone($49,000-$47,000) 🟢.
📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios in which you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario.
❤️In the end, here is some advice for you as a little brother:
🔸TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and NOT waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect .
🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸I hope we can use TradingView to increase our capital and knowledge .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Possible scenario Bitcoin BTC price movement for February 2024In February, trading in the BTCUSDT pair started at around $42,000.
This value is approximately in the middle of the trading corridor with critical limits of $39000-39500 and $44250-44750
If you look at the left corner of the chart, you will see a table that shows that statistically, February is "green" for the BTC price
Only February 2020 "subtly hinted" at how tough March 2020 will be. Those who survived this period with their deposits definitely got goosebumps at the mere mention of it...)
And yet, it was exactly 4 years ago, before the previous "BTC halving"
We have depicted the approximate possible movement of the BTCUSDT price for February on the chart. Particular attention and important trading decisions will need to be made when the Bitcoin price is near the critical limits of $39000-39500 and $44250-44750
What is your bet? Will February be green or red? Where will the BTCUSD price go to 52000 or 32000?
Write everything in the comments!
#Bitcoin: Is making rising wedge pattern!In the daily timeframe, BITSTAMP:BTCUSD is currently exhibiting a rising wedge pattern If it goes as per the pattern, then technically, we can see a drop up to 35k.
50MA is working as a strong support level, with 42k and 40k as support.
For Bitcoin to become bullish in the long term, it needs to close a daily candle above the 44k resistance level.
There will likely be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs.
LET'S MAKE IT SIMPLE
It is crucial to pay attention to the daily candle closings. A bullish scenario may be considered if there is a breakout and a close above the $44k resistance level. On the other hand, a breakdown below FWB:42K in the daily timeframe will confirm a bearish pattern.
#DYOR #NFA
📊#BTC buy zone and sell zone💥➡️As BTC rises to $52,000 again, the heat is also rising. Although there was no callback as expected, it was in line with expectations because there are daily-level targets waiting to be achieved above, so this is why I do not recommend shorting BTC.
🧠If the short defense point is successfully broken through, it means the arrival of a bull market, but often when everyone is immersed in the wave, they need to be extra cautious. After all, this is a very cruel market, and be wary of the emergence of large-scale dumping.
➡️Therefore, when the price reaches the overlapping range of the daily target area and the weekly target area, you can pay attention to short-selling opportunities.📉
➡️If the breakthrough fails and you choose to pull back now, then the best buying area is the 12H buying area.📈
⚠️At the same time, don’t forget risk management and focus on conservative trading.⚠️
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BTC/USDT shortPulling this horizontal channel on the log chart, we see we are currently at the top of the channel, while also sweeping previous highs within a bearish Weekly order block. If we fail to close above this zone, the next draw on liquidity with multiple confluences (fvg, bb, ote, golden pocket) is around 30k for BTC.
🚨Bitcoin is Ready to Decrease to the Uptrend line🚨🏃♂️Bitcoin is moving in the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🌊According to the theory of Elliott waves , five impulse waves have been completed in 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
🔔I expect Bitcoin to fall at least to the Uptrend line , and if this line breaks, we can expect Bitcoin to fall to the 🟢 Support zone($44,700-$41,780) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📊#BTC strong break before the high, cautious short⚠️💥We have broken through the previous high very strongly, and the daily-level bullish trend has expanded. Therefore, there are still daily-level targets above waiting to be achieved, so be cautious about shorting.
➡️At the same time, we have once again returned to the weekly level target area, so we try to focus on conservative trading, so our long orders yesterday were relatively conservative. Although there are some regrets, the profit-loss ratio also reached 2.32, which is also very good. 💰🚀🌕🍻
➡️It may be wise to stay on the sidelines at this stage.☕️
🧠If we do not choose to continue rising to achieve the target, but choose to pull back, then when the price leaves the target area, the 12H level buying zone is a place worth paying attention to.
Let's see👀
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰🏃♂️After breaking the 🔴 Resistance zone($44,700-$41,780) 🔴, Bitcoin has reached the top of the Ascending Channel with the help of the Symmetrical Triangle Pattern .
🏃♂️Bitcoin is also currently moving near the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
🌊In terms of Elliott wave theory , Bitcoin seems to be. It has completed wave 3 at the top of the ascending channel and is completing wave 4 .
🔔I expect wave 4 to end near the broken 🔴 Resistance zone($44,700-$41,780) 🔴 and Bitcoin will start to rise again to the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Btc 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.
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.✔️
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
🗺️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.🙏🐺✔️
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
🚨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.
Please also click “Boost”.
Have a good day.
-------------------------------------
(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
--------------------------------------------------
- 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.
---------------------------------
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