BTCUSDTPERP
📊#BTC rebounded after breaking the bull defensive point. pump ❓➡️First, the conclusion is given that the high probability is a fake pump.✔️
🧠Because the bull defense is broken, it means that the bull structure is broken, which means that there is not enough momentum to support us to go higher. And this rebound is because of the completion of the short target of the small double top structure, a large number of bears chose to leave the field, a large number of bulls entered, and the price naturally rose. In addition, we did not form a new bullish structure at the bottom, and the rise without a structure to support the driving force is only a rebound, and we cannot expect too much.
⚠️If we want to continue to rise, then we need to break through the two bear defense points above, or we will continue to fall.
Let's see👀
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📊#BTC will continue to fall according to the falling triangle📉🧠Yesterday, our rally did not break out of the previous high but formed a new short structure at the top, and then in the process of adjusting below it formed a declining triangle (normally we go down through this model). The signal was confirmed after we fell below the lower edge of the falling triangle, so I announced the trading strategy for this short position in advance for free.
😂I was preparing the analysis copy, have not had time to publish the analysis results, our goals have all been achieved, congratulations with the Wolf King printing money friends to achieve a 200%+ rate of return.💰🤩🍻
🧠The final price has fallen below the bull defense point, then the inflection point position will most likely fall below, and then continue to go lower, because the large short structure will appear as the bull defense point and the inflection point are broken.📉
Let's see👀
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Is Bitcoin Bullish or Bearish? Objective AnswerTLDR:
Out of the seven conditions for a bullish bias, we can consider:
3/7: Fulfilled.
3/7: Partially Fulfilled.
1/7: Not Fulfilled.
The bulls can begin to feel optimistic but don’t bet the farm on Bitcoin, yet.
The Importance of Bias:
Determining a bias, bullish or bearish is a prerequisite before placing a trade. Simply, when an asset is in an uptrend, long trades have a higher probability of success. The opposite is also true.
Conditions of Bias:
To determine the bias, I have listed seven criteria:
1. ChoCh: a change of character marks a reversal of the previous trend. For example, when an asset’s price gets above (candle body) a previous LH. A ChoCh signifies a change in sentiment and a shift from a downtrend to an uptrend and vice versa.
In the chart, you can see that on October 1st, the daily candle body crossed above the September 19th wick. In that respect, you can say that we had a ChoCh.
2. HHs & HLs: If an asset consistently makes Higher highs and higher lows, the bias is bullish. In the case of Bitcoin, it had made:
• A low on September 11th (24.9K).
• A high on September 19th (27.5K)
• A lower high on September 25th (26K).
• A higher high on October 2nd (28.6K)
To consider this as an uptrend I would like to see one HH and a HL. This condition is partially filled.
3. EMA’s: This condition is divided into three categories:
3.1 200D EMA: the 200D EMA (roughly) divides the sentiment to bullish or bearish. If Price > 200D, the asset is bullish. Bitcoin is above the 200D EMA.
3.2 Bull Market Support Band: If the asset is above the BM Support band it is bullish. If the asset is below the BMSB it is bearish. Currently, Bitcoin is inside the BMSB. This condition is not filled.
3.3. Short EMAs Above Long EMAs: The 50D EMA is above the 200D. The 21D EMA is also above the 200D EMA, and it just crossed above the 50D EMA.
I consider this condition as partially fulfilled.
4. RSI: The RSI is a momentum indicator. Like the 200D EMA, it also can serve as a rough estimate of bias. If the RSI > 50, then the asset is bullish. In this respect, we can consider this condition as fulfilled.
5. Volume: In an uptrend, we would like to see a general overall rise in volume. In particular, we want to see volume rising when the price goes up and a decline in volume when the price goes down.
Since the low of 24.9K on September 11th, we had 24 trading days. 13/24 were green days. 8/13 of the green days were with a higher-than-average volume. However, to confirm an uptrend we need volume to pick up, especially on the green days. I consider this condition as partially fulfilled.
6. Reliable Support: The 25K has proved that it is a strong support. If we examine the PA together with Fixed Range Volume Profile the 26K is also strong. The fact that there was no retest of the 25K level or even the 26K is a bullish sign. I consider this condition as fulfilled.
7. Break Above Resistance: The 28.15 – 28.6K is a significant S/R level. Until now Bitcoin did not flip this level to support. I consider this condition as unfulfilled.
Conclusion:
If Bitcoin makes another HH & HL and flips the 28.5K to support, the bias is bullish. Until this happens this uptrend is still fragile, and it can flip to full-on bearish.
NFA.
What do you think? Please share
Best Wishes
Bitcoin RoadmapHello Friends.
In this TV Idea I will try to sketch out a roadmap for bitcoin in the coming weeks and months.
Immediate Support & Resistance:
Support: 28.1K – 28.6K
Resistance: 29.75K – 30.25K
PA:
Bitcoin completed a successful breakout of an Ascending Triangle. The breakout target is 31,850.
Next Major Milestone:
1. 33K was the Selling Climax point before the first bear market rally / redistribution in January of 2022. Bitcoin needs to break above 33K and flip it to support.
2. A successful S/R flip could lead to 45K which was the previous redistribution range high.
3. Even if we assume a successful S/R flip of the 33K level. It is likely to take months until bitcoin reaches the 45K level.
Invalidation:
1. A daily close below 28.15K.
2. A daily close below 26.5K will strengthen the bearish bias/
Entering a period of great volatilityHello?
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(BTCUSDT 1W chart)
As it rises above the 29241.72-30767.38 range, we are entering a period of great volatility.
Accordingly,
The resistance section is
1st: 38531.90
2nd: 46431.5
It is expected to be around the first and second rounds above.
However, even if it falls, it must be supported around 29241.72-30767.38.
If not, it is likely to fall towards the 21258.0-23174.39 area, so selling is necessary to secure profits.
The maximum rise during periods of high volatility is expected to be around 46431.5.
However, depending on how it breaks above 38531.90, there is a possibility that it will form a high around 38531.90 and then fall.
Accordingly, you should check the trading volume when it rises above 38531.90.
In order for a period of high volatility to proceed normally, the price must be maintained above the 29241.72-30767.38 range.
Otherwise, if it touches below 29241.72-30767.38 even once, there is a high possibility of a short-term decline, so a countermeasure is needed.
We don't yet know when this period of high volatility will end, but it is expected to end with a decline to create a large pull back pattern.
If so, the low point to create a large pull back pattern is expected to be near the MS-Signal indicator.
Therefore, as the price rises, the MS-Signal indicator is expected to rise and eventually form a low point around 29241.72-30767.38, the section where the period of great volatility began.
(1D chart)
It shows an upward trend above the box range of 29850.45-31804.20.
Accordingly, it becomes important to be able to maintain the price above 30495.92-30766.51.
The next period of volatility will be around November 2-8.
(4h chart)
The key is whether the upward trend continues along the upward trend line after around October 26th.
As BTC appears to be breaking above its recent high, altcoins are also showing an upward trend.
However, if BTC rises above 32K and continues to rise, altcoins are expected to gradually sideways or begin to decline.
Accordingly, from a mid- to long-term perspective, the secondary purchase period for altcoins is expected to take place between 32K and 43K BTC.
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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.
---------------------------------
📊#BTC short structure is broken, where is the target🎯❓🧠The BTC market bulls are still strong, the short defense point is broken means that the short structure is destroyed, so there is hope to continue to challenge the former high, the former high 35300 as the first reduction target🎯, the second is TP zone.🎯
⚠️Note that there is also the potential to evolve into a larger short structure, so don't forget about risk management⚙️
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📊#BTC market is crazy bullish, how to do it specifically❓➡️The current market sentiment is very high, the technical and news are good, but the liquidation data I received is very surprising, there are long liquidation data and short liquidation data, there are profits in the trading market and there are blood, the trading market is very cruel, so risk management is very important.💯✔️
🧠Although we are also strongly bullish, we do not blindly go long BTC. Because BTC is currently in a short structure. According to Elliott Wave theory, we are currently moving in the fourth wave of BTC, whether it will move in the fifth wave as expected, we do not know, and we do not need to guess, we just need to watch and wait.👀☕️
➡️If we come to the buy zone on wave 5 as expected, this will be the best place to go long.
➡️If we choose to break the short defense point upwards, then the short structure will be broken and we will have the opportunity to challenge the TP zone.
Let's see👀
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Bitcoin Range S/R LevelsHello Friends
Bitcoins crossed above the 33K level resistance. It is now within the Redistribution range of the 2022 bear market.
The levels I drew on the chart are the same S/R Levels and the relevant Supply Zone.
I think this will be our trading range during the rest of the year and in 2024.
Bitcoin 2022 Redistribution Range:
Btc Update Btcusdt
Hello traders
I think bitcoin is in manipulation phase and the next and real distribution phase is loading .
There is many more bearish signs on chart ,
If you are following me closely you know ho our quick updates are working from 27k$
Note, This is just an idea not financial advice
📊#BTC has achieved its mid-term goal, what next❓🤯Well, we didn’t have a healthy pullback as expected, so we missed the move, but that’s okay, because I was chasing the best entry point which meant I was probably missing out on the market, but the market kept going. It’s here, and there will be more opportunities to come.💪
🧠Although we missed the market opportunity, the market has achieved all goals as expected. Next, we will consolidate near the mid-term TP zone. It is temporarily recommended not to go short. The best position for shorting should be within the mid-term TP zone or form a good Only short positions will consider shorting BTC🕳
Wait patiently☕️
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🔥BTC price $1mnl+ when the dream of many will come trueWe continue a series of global ideas on the BTCUSDT chart
This week, buyers managed to hold the critical zone of 27000-27400$ and, accordingly, growth according to the blue scenario in the idea:
BTCUSDT is now reaching a critical level around $31000.
If they try to go higher, then next week, may begin to grow in the region of 40000-41000$ like says the yellow fractal
If the price fails to break above 31000$, then we will see a correction to the $24,000 area according to the green fractal.
Next week, 03.05.2023, the FOMC meeting and the announcement of the new Fed rate. This event will definitely add fuel to the fire.
At the end of last year, we published an idea where we demonstrated our thoughts and calculations on when the crypto market could peak
Today, we've "played" around with the Gunn box and possible price movement fractals.
The Gann Box is stretched from Dec. 2018 low to the probable high in October 2025.
Skeptics will say that this is a bit "pulled by the ears", but the proportions of the Gann box on the global chart show us trend turning points and the beginnings of a strong movement.
You can personally explore this tool, sometimes it can surprise and impress.
The green fractal shows that over the next six months, a long process of capital transfer from Bitcoin to altcoins may take place.
During this period, some altcoins can shoot up quite a bit, let's call this period a mini-alt-season.
Then in October, the price of BTC can shoot up from 30 thousand dollars to 51 thousand dollars
Then a must-have occurs before every "BTC halving" - a sharp correction.
After "BTC halving" will start a stable and long-term growth trend.
The growth of the BTCUSD price to 275-300 thousand dollars in two years will be a blessing)
What if we witness a miracle and the BTC price crosses the 1million $ mark?
What do you think? Share your thoughts and charts in the comments below the idea
_____________________
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BTC THIS INCREASE CAN END INTO CRASH .. WORLD ECONOMY = REASONWill this ETF not-confirmed hype make the BTC price increase, or is this just a short hype that will end in a Crash of BTC?
We have seen before how whales are able to make a freefall after a trend increase and break down the trend in profits. more from Asian whale trends and usdt whales. All crashes did start from fake increase action.
For day trader there should be no care if the price of BTC increase or not as day traders depend on every side.
This is just a view of what can happen after this BTC increase.
We think the last one, depending on a technical view there is no reason in this world trends that the hold BTC has a building trend as there is a high chance the economy going to break down.
This increase can be the reason for the next BTC crash. also if BTC increases further there can be a moment that BTC will get a free fall, since the economy of the moment is very risky.
This is not trading advice, do always your studies and manage the risk.
BTC - HTF View (Boring Chop Scenario)In my last BTC idea a month ago, i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't. I wasn't sure what to expect to the upside but things look clearer now.
I shared an up only scenario as well, but this type of play is my ideal scenario since we stopped that insane pump.
The idea is mostly shaped around Elliot Wave and Volume analysis. It'll be too messy to show every other confluence on the chart, but to the upside we have HTF FVGs, OBs and potential Harmonic pivots. to the downside the Yearly VWAP is my main area of interest to hold on weekly/monthly timeframe.
Everyone sees this pattern on BTC chart, but will it work out ?Today, we're going to look at several scenarios for possible Bitcoin price movements.
Let's start with the fact that our previous trade for BTCUSDT hit the breakeven stop yesterday. Although this trade showed +7.5% at its maximum and 2.5% to take profit, we recorded a +0.7% result. We hope that someone else managed to make better use of this trade and record a higher profit.
The triggering of a stop order makes it necessary to analyze the chart on a larger time frame and consider various possible scenarios in the future.
Head and shoulders is a global trend reversal pattern.
Probably, most people looking at the BTCUSDT chart now will be able to see something similar to the probability of H&S formation.
However, there is an important note: the final confirmation of this pattern will come only after the price of BTCUSDT breaks through and fixes below the "neck of the pattern", i.e. below $24600-25300. Therefore, it is very important to wait for the confirmation of this pattern.
Here's an example from 2020 when the same pattern was drawn twice, once it deceived, and the second time it worked:
And it is very likely that the first time, novice traders did not wait for the pattern to be confirmed and open short position above the neckline and suffered a loss on the upside. And the second time, they suffered a loss by taking longs, because they thought that the pattern didn't work at all, as it had already happened a few weeks earlier, and the pattern worked out well after confirmation.
As the BTC price drops, we will analyze the market situation at the moment and look for a range to enter longs. At the moment, this range starts from $25300 (if buyers do not allow the low to be updated) to $24600 (if sellers manage to break the stops that are hidden behind the two previous neckline lows).
So, if you like the way we think, comment on this idea, like and subscribe to us. And you will receive a notification from Tradingview that we have updated this idea and published a "fresh" trade .
If the price of BTCUSDT does consolidate below $25000, then there is a good chance that the pattern will work out. The target for this pattern is around $19700. But for now, at least for us, this is too obvious an option that everyone can see. But unfortunately or fortunately, "everyone" cannot make money in the market, can they?)
BTCUSDT, We should be ready for droppingHello guys
We're back after 2 years , we are glad to see you again and can talk to each of you
Let's go to analysis the situation of Bitcoin at now.
According to the chart you can see we are in correction up trend and now we have 2 reason that the price can drop from the red box that we shown on chart :
1.The price is going to pull back to the trendline that was broken and after that it can ready to drop
2.If you look at the uptrend movement you can see we have a pattern that is head & shoulders , the body was made and now after left shoulder and head was made , its turn to complete the right shoulders and after that it can drop from their site.
The point that we should attention is, if the price can go up and break the 32K with power and can settle in 32k area we can say this scenario is failed and we should analysis again the price situation.
If you have any question just share it with us
Good Luck
📊#BTC breaks the short structure, what will happen next❓➡️We broke the double-top short defense point and the short defense point this morning. The short structure was destroyed, and there is a high probability that the long position will continue in the future.📈
🧠Since most people are targeting the resistance zone, heavy reductions in holdings will cause the rally to lose some of its momentum, so a healthy pullback could occur.📉
➡️If we can form a new long structure near the buying zone, then this will be the best entry opportunity.⚙️
Let's see👀
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The key is whether it can receive support at 29850.45 and riseHello?
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-------------------------------------
(BTCUSDT chart)
(1M charts)
As it rises above 28465.36, the volume profile section, expectations for further increases are increasing.
However, since a box section is formed between 32917.17 and 59053.55, it is expected that more strength will be needed to lead to a further rise.
(1W chart)
I think it needs to fall below 21258.0-23174.39 or rise above 29241.72-30767.38 to enter a period of great volatility.
Accordingly, the key is whether the price can be maintained by rising above the 29241.72-30767.38 range.
Given the current movement, it is becoming important whether the price can be sustained by breaking above the downtrend line (2).
If it does not rise above the downtrend line (2), it means that it is being resisted in the 29241.72-30767.38 range, so there is a possibility of forming a high point.
When a new candle is created, you should check whether the StochRSI Histogram indicator turns bullish.
If the Histogram indicator shows weakness even though the price is rising, it may mean that a high point is being created.
If the price rises and holds above 29241.72-30767.38, I think a period of great volatility has begun.
Therefore, I think there is a possibility that it will rise up to around 46431.5.
However, it is important whether it can break upward around 38531.9.
therefore,
1st: 38531.9
2nd: 46431.5
There is a high possibility that the area around the first and second levels above will form a resistance zone.
(1D chart)
The price is showing signs of maintaining the price by rising to the box range of 29850.45-31804.20.
Accordingly, the key is whether it can break upward to the point where the downtrend line (2) and the uptrend line on the 1W chart intersect, that is, the area where the finger is pointing.
If the price rises above 30495.92-30766.51, which is the middle section of the box section, and maintains the price, it is expected to lead to an attempt to rise above 31804.20.
If it fails to rise above the downtrend line (2) and falls below 29850.45, you should check for support around 28797.10.
At this time, if the price remains near the MS-Signal indicator, it is likely to maintain an upward trend.
However, even if it temporarily plunges, if it shows support around the rising trend line (1), it is expected to maintain an upward trend.
(4h chart)
Accordingly, you should check whether the price remains above the downward trend line (2) even after the time indicated on the chart.
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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.
-------------------------------------------------- -------------------------------------------
** 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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BTC may decline through a double top structure⚠️callback risks⚠️➡️Although our overall structure is bullish, we have formed a double-top short structure in the upper resistance zone, so we must be alert to the occurrence of phased adjustments. If your entry position is not ideal, it is recommended to reduce your holdings or move SL to the break-even position.⚙️
⚠️Note that if we continue to break through the double top short defense point, the short structure will be destroyed and the decline will lose momentum.
Let's see👀
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The key is whether you can receive support from 28142.85-28465.3Hello?
Hello traders!
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Please also click “Boost”.
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-------------------------------------
(BTCUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising above 28465.36.
(1W chart)
With this rise, the StochRSI indicator entered the overbought zone.
Accordingly, I think it has become important to determine at which point or section one receives support or resistance when exiting the overbought zone.
If the price rises and holds above the 29241.72-30767.38 range, a period of great volatility is expected to begin.
Conversely, if the price falls below 21258.0-23174.39 and holds, then a period of great volatility is expected to begin.
If a period of great volatility appears in an upward trend, it is expected to rise to around 46431.5.
However, there is a possibility of resistance around 38531.90, so caution is required at this time.
In any case, if large volatility appears in an upward trend, a test of the support zone will eventually occur.
Accordingly, I think there is a high possibility that a pull back pattern will emerge.
When this pull back pattern occurs, it is expected to be important to maintain the price above 29241.72-30767.38.
Conversely, if it falls below 21258.0-23174.39, I will let you know if there is any movement.
(1D chart)
As it rose above 28142.85, there was a movement away from the 25131.48-28142.85 range, which is the box range formed by the HA-Low indicator.
Accordingly, if the price remains above 28142.85 after October 20th, it is expected to lead to a further rise.
However, if the upward trend continues, the HA-High indicator is expected to decline and be created.
If a new HA-High indicator is created, the key is whether it can be supported and rise from that point.
Accordingly, the 28797.1 point is expected to be an important support and resistance 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.
---------------------------------
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because BTC fair value gaps are unfilled in a 4-hour time frame.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
The Rectangle box is an Order block for trading.
The blue line is high and low of the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.