It seems that the altcoin bull market will start soon
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-------------------------------------
- Funds are still flowing into the coin market,
- BTC dominance has already touched the 55.01 point.
Accordingly, if BTC dominance falls below 55.01 and is maintained or shows a downward trend, the altcoin bull market is expected to start.
This altcoin bull market is likely to continue until the USDT dominance reaches around 2.84.
However, if the USDT dominance touches the Fibonacci ratio point of 0.382 and rises above 4.97, the coin market is expected to plummet.
The altcoin bull market is ultimately a market where you can make a profit no matter what altcoin you buy.
Since the altcoin bull market is likely to take the form of a cyclical pumping, even if the altcoin you bought does not rise, it will rise if you wait.
If you cannot wait for that period and switch to another altcoin, you may see little profit or even a loss, so please be careful when trading.
------------------------------------------
(BTCUSDT 1D chart)
Even so, this is only possible if the price of BTC is maintained above a certain point.
Therefore, BTC must maintain its price in the 91792.14-98871.80 range or higher.
If it fails to do so and falls, the coin market will show a decline of -10% or more.
-
Therefore, it can be said that it is time to trade altcoins rather than BTC.
When trading altcoins, it is better to buy and wait when the candle on the 1D chart is a downward candle if possible.
However, as I mentioned earlier, if BTC falls below a certain point, it can experience a decline of -10% or more, so it is better to set a stop loss point and respond.
Otherwise, you may not be able to sell due to a sudden downward trend and may record a loss.
-
(1h chart)
- Check whether the wave of the StochRSI indicator on the 1h chart and
- Check whether it is supported near the section composed of the BW(0), HA-Low indicator,
- Check whether it breaks through the section composed of the BW(100), HA-High indicator,
I think it is good to determine the timing of altcoin trading while checking the relationship above.
-----------------------------------
This volatility period is expected to last until December 4th.
The next volatility period is expected to be around December 27th.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
BTCUSDTPERP
#BTC short structure intact, cautious bullish📊#BTC short structure intact, cautious bullish ⚠️
🧠From a structural perspective, two short structures were built at the 2h level, so bullishness requires caution and more patience to wait for the right signal to appear before participating in new long trades.
➡️If a bullish structure is built at the 2h level, then you can participate in some long trades.
➡️Or be more patient and wait for the price to adjust further and achieve the goal of the short structure before participating in long trades.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬 BITGET:BTCUSDT.P
The Beginning and End of the Altcoin Bull Market
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If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
-------------------------------------
(USDT Chart)
(USDC Chart)
A lot of money is flowing into the coin market.
-
(BTC.D 1M chart)
If BTC dominance falls below 55.01 and is maintained or continues to decline, the coin market is expected to start an altcoin bull market.
When the altcoin bull market starts (some altcoins have started to rise), if you buy when the candle on the 1D chart is a bearish candle, you will almost always be able to make a profit.
However, when the altcoin bull market starts, there is a high possibility that the altcoin will rise due to cyclical pumping, so it is recommended to maintain the coin (token) you have purchased once if possible.
Then, if you buy when the candle on the 1D chart is a bearish candle one day, it may turn into a bearish trend, so it is recommended to set a stop loss point.
It is necessary to consider a strategy to maximize profits by purchasing additional altcoins that are currently held, that is, altcoins with a yield of over 50%, when they show a decline of around -10%.
When purchasing additional altcoins, it is recommended to proceed after confirming that they are supported by the support and resistance points drawn on the 1M, 1W, and 1D charts.
-
(USDT.D 1M chart)
Then, I wonder how long the altcoin bull market will continue.
I expect the altcoin bull market to continue until the USDT dominance falls to around 2.84.
After that, the coin market is expected to experience a large plunge as the USDT dominance rises significantly.
-------------------------------------------
(BTCUSDT 1W chart)
Since the StochRSI indicator on the 1W chart has touched the 100 point in the overbought zone, an initialization operation is expected to occur.
If this initialization operation maintains the price above 1.618 (89050.0), the coin market is expected to continue its upward trend.
-
(1D chart)
Since the StochRSI indicator on the 1D chart has entered the 50 point zone, volatility is likely to occur.
It is expected that the volatility period will continue until December 4, so it is necessary to check the movement.
If BTC falls below the M-Signal indicator on the 1D chart, i.e. below 90586.92, most coins (tokens) in the coin market are expected to record a large decline.
However, if it shows support around 87.8K-89K, it will show a large increase again.
The large increase at this time will be in altcoins.
-
Since the box section of the current HA-High indicator is formed over the 91792.14-98871.80 section, the point to watch is whether it moves sideways around this section.
If BTC rises to around 1.902 (101784.54), I think the coin market is likely to record a large increase.
However, if BTC falls below 98892.0, it is expected to fall again, so caution is required when trading.
-
As I mentioned in the 1W chart description, if BTC touches over 100K or falls after encountering resistance near 98892.0, you should check if the StochRSI indicator on the 1W chart is initialized.
This is expected to be an important time to decide when to buy in the short term.
-
Please refer to the previous idea charts for information on BTC's down or up points.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
As you can see from the LOG chart, the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the upward wave.
The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you to decide how to view and respond to this.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
BTCUSDT deal on 5m
📅 Date: Tuesday, December 3, 2024, 03:00 (UTC+7)
Market Analysis:
- 📊 Daily Chart (1D): Impulse phase with a long tendency. Zone: Neutral.
- 📈 Hourly Chart (1H): Impulse phase with a short tendency. A two-bar Spring pattern formed at T1 buy level.
- ⏱️ 5-Minute Chart (5M): Impulse phase with a long tendency. A two-bar Spring pattern with a test formed at T2 buy level.
💰 Trade Result:
A conservative counter-trend deal was completed with a 1:2 risk-to-reward ratio. Take Profit was hit. Profit: 0.55%.
Sam Veisi
This volatility period is expected to last until December 4th
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(BTCUSDT 1M chart)
If it rises further, it is expected to rise to around 2 (106178.85).
If it falls, you should check if it is supported around 1.618 (89050.0).
-
(1W chart)
The slope of the StochRSI EMA seems to be almost horizontal.
It seems that the initialization of the StochRSI indicator is not far away.
When the StochRSI indicator falls from the overbought zone, the point to watch is where it is supported.
-
(1D chart)
The key is whether it can be supported near the HA-High indicator point of 96372.40 and rise above the BW(100) indicator point of 98892.0.
If it fails to rise,
1st: M-Signal on the 1D chart
2nd: 87.8K-89K
3rd: 79.9K-80.9K
You need to check where it is supported among the 1st and 3rd areas above.
-
This volatility period is expected to continue until December 4th, so be careful when trading.
If BTC continues to move sideways during this volatility period, altcoins are likely to show an upward trend.
-
Have a nice time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
#BTC What to do during the complex consolidation phase?📊#BTC What to do during the complex consolidation phase?❓
🧠Currently we are in a conflict zone, which can go up or down, and trading is difficult. This is not the area I want to focus on, so continue to be patient. ☕️
➡️The closing price at the monthly level is higher than the resistance zone (87k-94k M), so the resistance zone turns into a support zone. If the price can return to the overlapping area of the green buy zone and the yellow support zone, then you can enter a long trade.
➡️If we continue to continue the bullish trend, then what I hope to see is that we can break through ATH again, and then the callback opportunities that arise are very worthy of attention.
Let's see👀
🤜If you like my analysis, please like💖 and share💬 BITGET:BTCUSDT.P
Can #BTC break through 100k this time?📊Can #BTC break through 100k this time?❓
🧠From a structural perspective, we have built a new long structure after breaking through the neckline 97257, so it is reasonable to continue to rise, but the selling pressure at the 100000 integer mark is also very large, so even if we successfully break through, we need to be wary of the risk of falling back.
➡️It is already the end of the month. If the monthly closing price is above the blue resistance area (87k-94k), the resistance level will turn into support, and the opportunity to pull back to this area again is worth paying attention to.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BITGET:BTCUSDT.P
#BTC Beware of a pullback📊#BTC Beware of a pullback⚠️
🧠From a structural perspective, we were blocked after reaching the neckline resistance area and failed to successfully flip up, so we need to be wary of the risk of further pullback.
➡️From the perspective of wave theory, wave 4 has been completed and wave 5 can be expected to occur.
Let's see👀
🤜If you like my analysis, please like💖 and share💬 BITGET:BTCUSDT.P
#BTC Is the pullback over📊#BTC Is the pullback over❓
🧠From a structural point of view, the target area of the 1h level short structure has been achieved, so the rebound is reasonable. We have entered the resistance zone. The resistance near the neckline 95822 is relatively heavy, and the rising parallel channel will turn into resistance after being broken. Therefore, we can only maintain a positive attitude if we successfully stand above the neckline resistance zone and stabilize for a period of time. Otherwise, we still need to be cautious about the risk of further decline.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
BINANCE:BTCUSDT.P
Sideways until around December 3rd (???)
(Title) The point of interest is whether it will move sideways until around December 3rd
---------------------------------------------
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If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The key is whether it can rise with support near the high point area of 96372.40-98892.0.
If not, the point of interest is whether it can move sideways in the box area of the HA-High indicator of 91792.14-98871.80 until around December 3rd.
-
Because the gap between the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1D chart is wide, I think it is important to see whether it can move sideways from the current price position.
If it falls below the M-Signal indicator on the 1D chart, it is likely to fall near the M-Signal indicator on the 1W chart or the HA-Low indicator on the 1D chart.
-
If the sideways movement continues until around December 3, I think it is highly likely that an upward movement to break through 100K will begin.
At this time, you need to check the movements of the BW and StochRSI indicators.
I will tell you more details at that time.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Need to check support near 92600.19
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
Since the next volatility period is around December 3, the point to watch is whether the price can be maintained near the box range of the HA-High indicator (92600.19-98871.80) until then.
-
The HA-High indicator was created at the 96372.40 point, forming a box range (92600.19-98871.80).
This box section is not currently formed by a wave but by a single candle, so there is a possibility that it will expand the box section while moving sideways around this section.
Therefore, we need to check whether there is support near the bottom of the box, 92600.19.
If we see resistance, the key is whether we can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise.
If not, and it falls below the MS-Signal indicator, that is, if it falls below 87.8K, there is a possibility that it will fall to around 79.9K-80.9K, so we need to think about a response plan for this.
-
Since the StochRSI indicator is showing signs of entering the oversold section, we need to check the position when it rises in the oversold section and switches to a state where StochRSI > StochRSI EMA.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
BTCUSD is heading to Critical OB at 87,800$MMSM identified and we're almost certain BTCUSD [ BITSTAMP:BTCUSD ] will hit 87,800$ this week.
If we respect the first OB we should pass 100K.
If we fail to displace (fast move) after reaching the OB, we could see it go lower to the next OB.
Respecting the OB: Means we displace after reaching the OB.
If we are bullish We don't want, No Chart Timeframe (in this case 90m) candles closing below the OB's lower level (yellow thin line).
If we are bearish We don't want, No Chart Timeframe (in this case 90m) candles closing above the swing high that formed after reaching the OB.
Here is more info about CISD: When an order block is invalidated, it signals a Change in the State of Delivery. For example:
-In an uptrend, a bullish order block acts as support. If price breaks below it, the uptrend may be over, signaling a potential downtrend.
-In a downtrend, a bearish order block acts as resistance. If price breaks above it, the downtrend may be ending, signaling a potential uptrend.
Smart money tip: Liquidity Hunt, CISD often occur after liquidity sweeps . Watch for stop hunts (price wicks above/below recent highs or lows) before the shift.
_____
tags: COINBASE:BTCUSD INDEX:BTCUSD CRYPTO:BTCUSD CME:BTC1!
Where is the support for #BTC?📊Where is the support for #BTC?
🧠From a structural point of view, a short structure is built at the 1h level, and we are at the upper edge of the resistance zone at the large cycle level. The callback is very reasonable. The support area can focus on the lower edge of the resistance zone, and the target area of the short structure is also here.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:BTCUSDT.P
The key is whether the box section and pull back can be created
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day today.
-------------------------------------
(BTCUSDT 1D chart)
The HA-High indicator, which showed signs of being created yesterday, is expected to be created for sure this time.
Accordingly, the key is whether it can be supported near 96372.40 and rise above 98892.0.
-
Since the creation of the HA-High indicator means that a high section has been created, I think that whether there is support near the HA-HIgh indicator can be an important criterion for predicting future trends.
First, we need to check how the box section is formed after the HA-High indicator is created.
Since the box section is usually formed above and below the HA-High indicator, it also means a section that moves sideways to the HA-High indicator section.
However, there are cases where a trend is formed right away without forming a box section, but since such cases are extremely rare, I think you don't need to worry about this.
-
What we need to consider is whether the MS-Signal (M-Signal on the 1D chart) indicator can be touched and risen.
In other words, if the MS-Signal (M-Signal on the 1D chart) indicator is touched and rises while creating a box section of the HA-High indicator, a pull back pattern will be created and an upward price adjustment will be experienced.
-
If not, and it falls below the MS-Signal indicator, there is a possibility that it will touch around 79.9K-80.9K.
This section was explained yesterday with the 1W chart.
Therefore, you can see how important the MS-Signal (M-Signal on the 1D chart) indicator area is.
-
The next volatility period is around December 3rd.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News :
1-Chinese Court Declares Bitcoin and Crypto Ownership Legal.
2-Trump Plans White House Crypto Advisor Role.
These days, Bitcoin is more influenced by the news than before.
Bitcoin managed to break the Important resistance lines with the help of the above news .
Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters .
Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000.
According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 .
It seems that we can wait for Bitcoin correction waves .
In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇
It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction .
I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️
⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️
⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
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Support near the HA-High indicator is the point of observation
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(BTCUSDT 1D chart)
The HA-High indicator is showing signs of being created at the 94264.99 point.
Accordingly, if the HA-High indicator is newly created, whether there is support near it is the key.
Since the HA-Low and HA-High indicators touched the indicators most of the time when they were newly created, it is expected that the HA-High indicator will be touched this time.
Therefore, the price is expected to fall.
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What we need to look at is whether it can rise when it touches the MS-Signal (M-Signal on the 1D chart) indicator.
If it doesn't rise, it can lead to a decline until it meets the M-Signal indicator or the HA-Low indicator on the 1W chart.
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Since the BW(100) indicator is currently created at 98892.0, it will eventually have to rise above this point to continue the upward trend.
Therefore, for now, the picture that touches the HA-High indicator and rises above the BW(100) indicator is the best picture.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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BTC URGENT UPDATE
It will be double top and correction on Wednesday
I aspect that approximately 10:00 (utc +0) Wednesay 27 November
and after a correction peope sell all of alts and Friday will pump hard altcoins.
It is a game from whales bro watch out ..!!!!
P*lease leave a likle and comment .
Cheers bro
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BTCUSDT Strong Bullish Channel!BTCUSDT (Day Chart) technical analysis update
BTC price is breaking the channel resistance on the daily chart after 220 days of formation. The price is trading above both the 100 and 200 EMA, indicating a potential bullish move in the coming days. My next target is $100K. This is a perfect positional trade with a risk-reward ratio of 1:5."
Buy level: Below $66,000
Support: $58,500
Regards
Hexa
BTC: Potential Bullish Opportunity After RetestBTCUSDT (Day Chart) Technical Analysis update
Recently, BTC price broke through the broadening wedge resistance line and reached the peak resistance level of the wedge. However, the price was rejected at this peak and is now retesting the broadening wedge resistance, which may now act as support. After some consolidation around this level, we could anticipate a strong bullish move, making this an attractive buying opportunity for BTC.