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BTCUSDTPERP

Where will the Bitcoin price go in the near future?A few thoughts on the current situation on the BTCUSD price chart: - On the one hand, the "inverted head and shoulders" pattern, which we wrote about in March 2023, is only 7% away from reaching the target of $40k. In addition, yesterday's daily candlestick on the BTC chart closed very bullishly, but why is there no continuation of growth? - On the other hand, we found the fractal of the BTC price movement that was earlier and it indicates a possible correction in the range of $34100-34400. Also, on the CME BTC chart, it is noticeable that there is an unfilled GAP in the same range of $34100-34400 So, we will soon find out where the BTCUSDT price will go, and before that, let's discuss in the idea comments below in which side are more chances of the Bitcoin price moving now in your opinion ? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
10
Bitcoin is Ready to ⚔️Attack⚔️ to Support zone⏰(1-Hour)⏰✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡. 🏃‍♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago. 🌊According to Elliott's wave theory , all the waves inside the ascending channel formed a Double Three Correction(WXY) . 💡As in my previous post, Bitcoin still has a chance to fill the first 🔵CME Gaps🔵. 🔔I expect Bitcoin to gradually approach the 🟢 Support zone($36,000_$35,560) 🟢 and Support line(2) and eventually break them. ❗️⚠️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.
Short
by pejman_zwin
64
📊#BTC Continues complexity consolidation, where does it end up❓➡️Since the small double bottom long defense and the uptrend support line are broken, it means that the small long structure is broken, and the probability of continuing to challenge the previous high is reduced, so the buy zone here is invalid. 🧠If we can continue to make complexity adjustments, and we end up being squeezed into an ascending triangle without breaking the inflection point, then we have a chance to continue to challenge the previous high. 🧠If we choose to fall below the inflection point, then a large short structure will appear, which means that a large correction is likely to occur, and then the buy zone below is 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 💯
Short
by wolf_king888
📊#BTC short structure is broken⚔️looks to challenge the Front H➡️During a complex consolidation, the probability of a short top structure being established becomes lower and lower. Because the two short defense points here are broken, it means that the two short structure is broken, and there is no intention to continue the short. So I think the probability that the potential double top structure holds has become smaller. 🧠Given that the short structure is broken and there is a small double bottom long structure here, we will continue to maintain the bullish view to do so, and when the price rewinds to the buy zone and the uptrend support line, this will be seen as a very suitable buying opportunity. ⚠️Note that the reduced probability that the top short structure holds does not mean that it will not hold. If we break below the small double bottom long defense, we will still maintain the bullish view to do so, and when we break below the long defense, buy zone2 will also be regarded as an appropriate buying opportunity here. 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
Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025Today we will try to summarize the results of 2022 and look a little into the future. What can we say, We think few people will deny that 2022 is one of the worst years that we have seen and consciously felt. Painful both separately for the participants of the crypto world and in general in the context of the economic, military and geopolitical situation in the world. In 2022, the value of most cryptocurrencies fell steadily, almost with no corrective rebounds upwards. At most - prices were stuck for several weeks in the sideways correction and then fell again. But usually, after a black streak comes a white one, so let's turn the 2022 page and look into 2023-2024-2025 Here is the BTCUSDT price chart on the monthly time frame Although the history of Bitcoin trading is not so long compared to other financial assets or indices, but a certain cyclically can be traced over a 12-year period. The behavior of BTC price movement can be divided before and after "halving". "According to the algorithm, the reward for the mined BTC block is halved +/- every 4 years, and the event itself is called "halving". On 28.11.2012, the first BTC halving took place. Back then, crypto was something completely unknown for 99% of people, then on a regular desktop computer, you could mine a BTC block and get a reward of 50BTC. From 28.11.2012 to 09.07.2016 - the reward per block was 25 BTC From 09.07.2016 to 11.05.2020 - the reward per block was 12.5 BTC Now the reward is 6.25 bitcoins, and from April 2024 (the projected date of future halving) it will be halved to 3.125 BTC. As the complexity of mining increases every day, the rewards will decrease until there are no bitcoins left to mine. Only 21 million bitcoins can be mined (and of these, 3-4 million are considered irretrievably lost). Calculations indicate that the last block should be mined in 2140." To summarize: after each halving, the supply of new BTC that can be sold on the market is greatly reduced, which according to the law of "supply and demand" only stimulates the price growth." If the BTC price is growing, which is already regarded by many as an "index of cryptocurrency stability", then altcoins are growing much more strongly in parallel. For example, we recently made an interesting idea for LTCUSDT. Litecoin is mining and has a halving on the same block as BTC, but the halving comes a little earlier. We describe it in more detail here If you are interested in when to sell your LTC, read and analyze. If we analyze the behavior of the BTCUSD price, we can confidently state the regularity and cyclicality: + BTC price minimum January 2015 + 17 months = "halving" July 2016 + 18 months of the rapid growth of the crypto market until December 2018. + BTC price minimum December 2018 + 17 months = "halving" May 2020 + 18 months of the rapid growth of the crypto market until November 2021. Now we prospect this pattern for 2023 - 2025 + If the minimum BTC price was recorded in November 2022 + 17 months = projected "halving" April 2024 + 18 months of the rapid growth of the crypto market until October 2025. This assumption, at least, has the right to life, and we remain to be closely monitored for it. Our expectations for 2023: - January 2023 - continued consolidation and bottom formation in the range of $16000-19000 - February 2023 - a shot up to $28000 - March - October 2023 - prolonged consolidation under the level of $28000 - autumn 2023 - breakthrough and consolidation of the BTCUSDT price above $28000 In 2024, a stable growth trend according to the fractal is expected. Autumn 2025 is the maximum price for possible future growth trend. Altcoins in 2023 may be less patient and start "shooting" up in the spring-summer of 2023, while the BTC price is in consolidation. By organizing a mini alt-season in 2023, the "big players" will be able to show that the market has come to life. They can hint and lure "new and fresh" money into the crypto world for a joint and powerful growth of the crypto market in 2024. This is a very necessary thing after a bunch of negative events in 2022. These assumptions also complement our analysis, which we wrote about the possible capitalization of the cryptocurrency market in 2023-2025 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
81
📊#BTC complex consolidation phase, how should we do❓➡️Judging from the analysis of the previous article, we chose path 1 to move, but don’t be too optimistic about the rise, because we have a potential double top short structure in the resistance zone, so the resistance we face is very large , so the probability of continued consolidation or correction is greater than the probability of rising above resistance.✔️ ☕️Therefore, we need to wait for further corrections to occur. It will be much easier to trade after leaving the contradictory range. When we fall below the bull defense point and the previous low, a very good buying opportunity will appear.💯 ⚠️Note that we do not need FOMO. Even if we break through the resistance zone upwards, continuing to pull back to the resistance zone without reaching the target is regarded as the best buying opportunity.✔️ ⚠️During complex consolidation, the profit-making efficiency will be relatively low, so try to choose small position transactions, and don't expect too big a target, and don't forget about risk management.☕️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
The next period of volatility is around November 16thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT.D 1D chart) As the trend line moves, a period of volatility is expected to begin around November 13th. Accordingly, it is necessary to check the movement up to November 12-16. If USDT dominance falls below the 5.89-6.39 range and maintains a downward trend due to resistance, it is expected that an altcoin bull market, or bull market, will begin. It is expected that this fire field will create a small garden. A major bull market is expected to begin when BTC shows a full-fledged uptrend, so if a bull market starts this time, I think the work to create a full-fledged uptrend has begun. (BTC.D chart) However, in bullish conditions, BTC dominance must fall below at least 50 and maintain a downward trend. If not, there is a possibility that a strange bull market will continue in which only BTC will rise. Accordingly, the current coin market can be seen as waiting at the starting point of a bull market. It can be said that it is unknown whether all coins (tokens) will start together, whether BTC will start alone, or whether it will temporarily take over from the starting point and gather strength again. -------------------------------------------------- --- (USDT chart) Someone is continuously injecting funds into the coin market. USDT is active on exchanges around the world, so it can be said to be a channel for everyone who wants to trade in the coin market to move funds. Accordingly, the rise in USDT's gap can be seen as meaning that new funds are continuously flowing into the coin market. -------------------------------------------------- --------- (BTCUSDT chart) The reason why I explained the coin market cap chart (USDT.D, BTC.D USDT) before this explanation is to let you know that the current position is that important. (1M charts) It is close to the 0.5 point (38745.63), which is the Fibonacci ratio shown on the 1M chart. Accordingly, if the price is maintained above 37253.81, it is expected to rise above 38745.63. However, when it passes the 38745.63 point, it seems that the future trend can be predicted depending on whether it passes with a sharp rise or a slow rise. I think there is a high possibility that this bull market or bull market will end around 43K. Accordingly, if BTC rises too quickly, there is a possibility that only BTC may rise, preventing the altcoin bull market from starting. Also, I think there is a possibility that the bull market or bull market will end very briefly. Therefore, I think it is necessary to pay attention to the movement of BTC dominance. (1W chart) What I explained in the 1M chart is about movement in a very big picture. Accordingly, it is recommended to use it to understand the general concept of movement in the big picture. In the coin market, I think the trend of the 1W chart is the best. Therefore, I believe that a more accurate trading strategy can be created by combining and interpreting the trend on the 1W chart with the approximate big picture on the 1M chart. By combining the support and resistance points shown on the 1M chart with the 1W chart, I believe that more accurate support and resistance points and sections can be selected. Therefore, numbers 1 and 2 shown on the chart correspond to important support and resistance areas, and the trend is expected to be determined by whether these areas can be broken upward. Because of this, an important issue is whether the price can be maintained by rising above 38531.90. Otherwise, if it falls and maintains the price above the 29241.72-30767.38 range, it is expected to create a pull back pattern. If it falls below the 29241.72-30767.38 range, there is a high possibility of a downward trend, so caution is required. What you need to pay attention to is the altcoins you own, and you will have the opportunity to buy more BTC or ETH. It is the rising trend line that has the potential to play a role in creating a pull back pattern. If it touches this rising trend line and stops, there is a high possibility that it will sideways and create a pull back pattern near that point or section. (1D chart) Based on what you learn from the 1M chart and 1W chart, you can create a more detailed trading strategy on the 1D chart. It is possible to create a trading strategy using only 1D charts, but then small fluctuations may prevent you from properly reading the direction of the big picture. So, if possible, it's a good idea to create big-picture trends and trading strategies on the 1M chart and 1W chart. The first resistance section, 37779.56-38745.63, includes both support and resistance points on the 1M chart and 1W chart. Accordingly, the reliability of the role that follows can be considered high. After November 8, prices moved sideways and the trend line moved. Accordingly, the possibility of volatility occurring around November 16th has increased. During this period of volatility, it is expected that there will be an attempt to break above the first resistance area, and if an attempt is made to break upward, the key will be whether the price can be maintained after the breakout attempt. If not, and it falls below 36701.09 and shows resistance, there is a possibility that it will fall around 32917.17-34110.32, that is, near the important trend line. Well, if you see volatility within the rising channel, there is a possibility of creating a pull back pattern, so you need to watch the subsequent flow closely. Since the trend line on the 1W chart passes near an important trend line, I think there is a high possibility of support around the 32917.17-34110.32 range. The explanation of the second resistance section will be explained when an attempt is made to break above the 38745.63 point. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** 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
📊#BTC complex consolidation appears, long - short contradiction➡️When we were initially strongly bearish, it was because there was an obvious short structure. However, because our short defense point was broken, the short structure was destroyed. The destruction of the short structure does not mean that it will continue to rise. We It is also possible to form a new short structure or continue to consolidate, because we are in the resistance zone, so it is more difficult to continue to break through the previous high, but the possibility exists. 🧠There are three possible trajectories here 1. The upward trend support line plays a good supporting role and continues the strength of bulls to challenge the previous high. 2. After falling below the upward trend support line, it will start to rebound after forming effective support in the lower support zone, and try to continue adjusting to the previous high or higher target zone. 3. After falling below the upward trend support line and support zone, it challenges the bull defense point and the previous low, continuing the short power. ➡️In complex consolidation, the profit-making efficiency will be relatively low, so fund management is particularly important.‼️ Let's see which path will be chosen👀
Short
by wolf_king888
📊#BTC medium-term correction is underway📉🧠Yesterday we had a good reaction after hitting the POC line, and we ended up closing above the trend support line. Now we have bounced back to near the resistance zone and then stopped, and the trajectory is exactly as expected. Next, we will most likely continue the short strength, which must be the callback that everyone has been waiting for.🙏 ⚠️Note that if our short defensive point is breached, the short structure will be destroyed, which means that we will continue to be long or reorganize a new structure. 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 💯
Short
by wolf_king888
2
Bitcoin price (BTCUSD) achieves the targetstrong breakout zone The price of Bitcoin (BTCUSD) rushed upward yesterday to succeed in achieving our expected target at 35890.00 and is facing strong resistance there to show some bearish tendency, waiting to gather new positive momentum that supports the chances of breaching this barrier to open the way to achieving additional gains reaching the 36500.00 areas. Therefore, we continue to favor the upward trend for the coming period, keeping in mind that breaking 34680.00 will stop the expected rise and put pressure on the price to make some downward correction in the immediate term. The general trend expected for today: bullish
BITSTAMP:BTCUSDLong
by Evar_Mayi
19
Chart analysis and trading strategy are differentHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can receive support around 36426.87 and rise to the first resistance zone. This period of volatility will be around November 16 (November 15-17). If it fails to rise above 36426.87, it is important to see whether support can be found around 32917.17-34110.32. In order for this upward trend to be maintained, the price must be maintained above 29850.45. If you have analyzed the chart with the above information, the important question is how to start trading, that is, how to create a trading strategy. First, I decided that I could start buying when I saw support at a certain point or section through chart analysis, but I realized that I had to make several more decisions to actually buy. 1. Should I buy it in installments? If I buy it in installments, how many installments will I buy it in? 2. How much investment should be made when purchasing? 3. How to set the investment period between day trading and long-term trading. 4. When starting a transaction, how will you decide on a trading method, such as a stop-loss point or target point, and how will you realize profits? As in the example above, in order to make a transaction, you need to think about and decide on many things. However, when the chart analysis is completed and the time to buy comes, buy with a rough investment amount, roughly think about the stop-loss point and target point, and start trading. And then, if the chart moves as expected, it's good, but if it doesn't, then you have to worry about the above. Then, I think that because your thoughts are influenced by price fluctuations, you end up trading in the wrong direction, increasing the chances of your trading failing. Therefore, you must have some basic understanding of trading strategy to be able to trade quickly. The concept of a basic trading strategy can be customized to suit you using the example below. 1. The purchase principal, purchase method, selling method, stop-loss point determination method, and profit realization method must be standardized for each investment period. Therefore, the basic concept of investment period from day trading to long-term trading must be determined in advance. However, since each coin (token) responds differently, it is not easy to divide them accurately. Therefore, you must first consider the size of the purchase principal and stop loss point for each investment period. 2. Trading must ultimately proceed with a contrarian approach. Therefore, you should not proceed with trading by thinking the way you normally think. Therefore, when the price rises, you must choose a point to sell, and when the price falls, you must choose a point to buy. However, if you are new to trading, you want to buy when the price is rising and sell when the price is falling. Since trading requires such a change in thinking, it is not easy to get used to it. Therefore, it is necessary to take time to become familiar with trading by making many transactions with small investments until this change in thinking occurs naturally. 3. Trading is a psychological battle. Therefore, if you start trading psychologically, you will feel psychologically anxious and burdened, and there is a high possibility that you will proceed with trading in the wrong direction. Therefore, when you are about to start trading, you need to determine what your psychological state is like. If you are judged to be psychologically excited, that is, anxious, you should not start trading. Even if you start trading once or twice and make a profit, if you continue to trade while you are in a psychologically anxious or excited state, you will end up incurring large losses. 4. Additionally, trading is a game of probability. Therefore, you must select a trend by combining various information obtained through chart analysis. Therefore, the information obtained from chart analysis must contain a lot of objective information. The analysis techniques that you study, such as wave theory or other patterns, ultimately have no choice but to be applied to your own psychology. Therefore, rather than such information, you should start trading by selecting a higher direction or trend by combining the basic information obtained by using the chart indicators, that is, objective information. There are a ton of chart analysis techniques out there. However, I think that analysis techniques that have a selection point that you must choose are essentially useless if you are not prepared for the three psychological warfare mentioned above because it is highly likely that your psychology will be applied in the end. Looking at the ideas currently published on TradingView, there seem to be a lot of wave theory and harmonic pattern analysis techniques. These analysis techniques are excellent analysis techniques and have been proven by many users. However, if you do not have a trading strategy like the one I mentioned earlier, you have no choice but to analyze charts and conduct other transactions. Therefore, before studying various chart analysis techniques, you must first study the concepts of candles, moving averages, support and resistance. Then you need to practice creating a trading strategy. Once you are able to create a trading strategy to some extent, I think it would be a good idea to study various high-level chart analysis techniques. In fact, if you can create a trading strategy, there is no need for advanced chart analysis techniques. As I have said repeatedly, the more time you invest in chart analysis, thinking that chart analysis is the same as a trading strategy, the more you will inevitably feel the limitations of your trading skills. This is because there are many cases where you cannot proceed with trading as you analyzed, so you have no choice but to be negative about trading. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
Education
by readCrypto
2
📊#BTC long structure to change the short structure, ⚠️long⚠️ 🧠Yesterday we said that if the uptrend triangle support line is broken, the bullish idea of the small cycle will fail, in addition, our long defense point is also broken, which means that the long structure is broken, the double top short structure appears, meaning that the medium term adjustment is likely to appear, so we have to follow the change of direction. Let's see👀 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
BITCOIN to continue Bullish move after correctionBTCUSD The price made a strong bullish break above the Daily Resistance area around $30,000-31,000, and price is currently above support/resistance structure, after a correction towards the previous resistance turned support area if price holds above the support I expect the price to move higher... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
58
📊#BTC may continue to rise through the rising triangle📈👆We analyzed in the previous post that we have a cup-handle structure in the big cycle, so the general direction still belongs to the bulls, then we still maintain a positive and bullish attitude to do it.⚙️ 🧠During the mini-cycle we formed an upward triangle after two days of consolidation over the weekend, so it is reasonable to think that we will continue to rise. ⚠️However, if we break below the upswing triangle support line, the bullish idea in the mini-cycle will be invalidated. 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