BTC at critical levels- Will Bulls Prevail or Bears Dominate?Yello Paradisers! Have you noticed the recent action on #BTCUSDT 4-hour chart? BTCUSDT seeing a clear downtrend with several successful Breaks of Structure (BOS), culminating in a lower low. Let's dive deeper into the current setup and what it means for our next moves.
💎#BTCUSDT has been in clear downtrend with several successful Breaks of Structure (BOS), culminating in a lower lows. BTCUSDT has shown an internal shift, suggesting potential reversal zones ahead.
💎BTC pair is heading towards a bearish order block between 61827-63206. Rejection from this zone is highly probable, so keep an eye on this level.
💎BTC has been forming XABCD bat, with the D leg yet to be completed. This aligns with the bearish order block, adding to the potential rejection scenario. Minor Resistance is spotted at 63910, aligning with the X leg of the bat pattern. There is also a Major Resistance at 65303, a previous crucial support level.
💎If the daily candle closes above 65303, it could signal bullish dominance and potentially propel BTC to new all-time highs (ATH).
Stay vigilant, Paradisers. The market is presenting crucial levels that could dictate the next significant move. Discipline and strategic planning are essential.
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
MyCryptoParadise
iFeel the success🌴
Btcusdtrade
#BTCUSDT - near his resistance? Hold or not??#BTCUSDT.. so our last idea about BTC was perfect. And now market again near to his resistance area for now.
That is around 61800 to 62000 plus.
Keep close that resistance area because if market hold it in that case again drop expected from here.
Good luck
trade wisely
Bitcoin Roadmap==>>1-hour time frameThese past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations .
Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback .
In terms of Classical Technical Analysis , it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern ( A symmetrical triangle is usually a continuation pattern ).
Regarding Elliott's wave theory , Bitcoin seems to have finished the Double Three Correction(WXY) .
I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage .
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.
BTCUSD
The BTC/USD pair is currently in a bearish movement, adhering to the impulse and correction pattern and following the Elliott Wave 12345 structure. The price has recently moved up a few pips, touching the descending trendline and completing the 4th Elliott Wave. This suggests that the price is likely to move long-term bearish, continuing the downtrend in line with the 5th wave.
BTC - what if it's lower than $56 522?On May 21, the INDEX:BTCUSD chart formed a model on the weekly timeframe that describes the key logic behind the price movement.
The model was confirmed by touching the trend line:
After an unsuccessful attempt to retest the trendline between June 5 and June 8, the price retreated towards the 4 point ($56 522).
Right now the price is trying to consolidate above this level, but if INDEX:BTCUSD still fails to trade higher during the week and goes back under $56 522, we could see price levels like $43 349 and $33 229 in the long term.
BTCUSD - RE-ENTRY / Price reverts to the initial entry priceHello Traders!
I will re-enter this trade after BTCUSD took me out of the transaction on 0.
Most probable we will see here a bullish momentum.
Trade Safe!
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Bitcoin BTCUSD Bullish Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist BTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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BTCUSD - Long Trade Confirmation !!!Hello Traders!
As you can see in the last analysis on BTCUSD, I was expecting the retracement until de PDL executed a long trade. At the moment I see a perfect opportunity to execute this trade as we have a reaction and we have a retracement. I expect a bullish move until the price of 66.700, the price where I have the Profit target.
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#Bitcoin low could be $54169, Here's Why!#Bitcoin monthly support is around the $56.5k level. We've been struggling to break the upper resistance of $73k.
The final wave is still due, so remain vigilant in the market.
The 9EMA on the monthly chart has been a reliable indicator for dips in the last couple of post-halving rallies.
The current price is at $54,169! Even if we reach that support level, not being positioned in BTC is riskier than being exposed to the market, so be thoughtful when making your decisions.
Remember, the market aims to bore you and kick you out.
Don't let them play with you.
WAGMI
Cheers, and don't forget to hit like and bookmark to stay updated.
#Crypto #BTCUSDT
BTCUSDTBitcoin analysis
4 hour and daily time frame
Bitcoin has a downward trend in the 4-hour time frame and it seems that we are approaching the end of this downward trend.
We are now in the supply area of the 4-hour timeframe.
I expect the price to move up to the 4-hour and daily support zone that I have identified, and from there we should look for confirmation for buy trades.
BTCUSDT - at his most awaited area, will hold it or not??#BTCUSDT... first of all congratulations to all,
the rest moved exactly as i was expecting and this market area 58000, if tell you about it , it can be the swing area of the market.
if market hold that area then well and good but if the market break it then there is a long sell below.
so guys watch this area carefully and never hold your buying's below this area.
good luck
trade wisely
BTCUSDT - one n only area, what's next??#BTCUSDT. what a move from 66400 as we discussed in our last idea and congratulations to all followers.
We already discussed about 64450 in our last couple of ideas, you can check our last ideas about btcusdt.
So guys that level have much importance on chart specially in weekly and daily chart if you can see.
So keep close that level 64450
If market clear that level then you can see a smoothly drop a d it will leads you towards 62k , 60k n up to 58k
Don't be lazy here.
Good luck
Trade wisely
BTCUSDT - at his mysterious area, what's next?? #BTCUSDT. well market very well holding his supporting area as we told you. and now market is at his today resistance area 66400 around.
keep close it that is your mysterious area for now.
if market hold it then again drop expected from here.
good luck
trade wisely