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BTC bext bottom1D time frame - Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today. Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib, let's see current potential retracement level. Secondly, dump from 69000 to 15476, 35992 is 0.382 Fib Retracement. Thirdly, dump from 48189 to 15476, 35693 is 0.618 Fib Retracement. Further, Bitcoin is creating a big ascending wedge, which is bearish. According to these three factors, we can judge 36000 is current PRZ. This PRZ is made of different Fib level and structural resistance. Therefore, if BTC get rejected, we can expect it to break below this wedge and target is 17600~18600, same as previous perspective.
by EthanTW
5
BTCUSDT BITSTAMP:BTCUSD has had a major push breaking above the 30,500 resistance area. We just might see a push back into that area again to retest the broken resistance as a new found support, if it is sustained, price may end up pushing higher and if otherwise, we may see price pushing lower. Support areas to keep in mind, 30,500; 25,000; 19,500 and 15,981 Resistance to keep in mind 43,500; 58,800 Happy hunting All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
COINBASE:BTCUSD
by Mbjoey
BTCUSD 4H : Support further rise upBTCUSD New forecast Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market. This is amid growing hopes about the possibility of regulatory authorities in the United States approving the release of a Bitcoin investment fund traded in the “ETF” index during the few periods of suspension. Technical abstract : The price of Bitcoin (BTCUSD) did not show any strong movement yesterday, maintaining its stability above the 28345 level, which keeps the bullish trend scenario valid for the coming period, supported by the moving average 50, remembering that our expected targets start at 29255.00 and extend to 30000 , and our target will be activate when price stabilized above 28902 . On the other hand, you should be aware that breaking and stability under 28345 will stop the expected rise and put pressure on the price to decline again. The expect range trading for this week will be between resistance line 30018 and support line 28345 support line :28345 , 27987 resistance line : 28902 , 29293 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
14
BTCUSD: 31k broke after 101 days! Is 32k next?Bitcoin crossed today over the 31,000 level for the first time since July 14th with the 1D timeframe reaching overbought technical levels (RSI = 79.604, MACD = 886.400, ADX = 44.053). The upcoming 1D Golden Cross has the strength to push the price even higher and in comparison with February, the parallel HH trendline around 35,000. We may then see a pullback to test the 1D MA50 one last time before the end of the year and the next rally to 45,000. That will be the HH of the Channel Up pattern. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTCUSD:; Bitcoin forecast next week: Approaching the $30,000 marSince the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the 30,000 USD mark. According to CoinDesk data, updated on the morning of October 22 (Vietnam time), Bitcoin price traded at 29,880.3 USD/BTC, corresponding to a capitalization of 583.2 billion USD. Compared to early October, this cryptocurrency has increased by 8.3%. “Bitcoin's bullish momentum is supported by positive news about the possibility of approval of an exchange-traded fund (ETF) for this cryptocurrency next week, along with an increase in applications to open a fund Bitcoin ETF,” said Lucy Hu - senior trader at Metalpha.
BINANCE:BTCUSDLong
by Chart_MasterPro
BTC excellent short entry 3090012h time frame - We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below. TP1: 25000 TP2: 20300 TP3: 18000 Also, 17000~18000 is the expected bottom before bull. - ref.1 Head and Shoulders structure ref.2 Harmonic pattern ref.3 Diamond structure
by EthanTW
2
BTCUSD over the 1W MA100 again after 532 days!It has been 76 weeks (532 days) since BTCUSD traded over the 1W MA100, a Resistance finally broken this week. Even though the weekly closing is critical, this mere breakout itself, opens the way for a Bullish Cross between the MA50 and MA100. The 1W technical outlook is on excellent bullish levels (RSI = 65.377, mACD = 378.900, ADX = 35.081) increasing the high probabilities of such a Bullish Cross. The pattern is so strong that every time Bitcoin formed it, an uptrend started that never looked back and led it to the Cycle's parabolic rally (exception COVID crash which is a different set of fundamentals). Along with that pattern, the 1W MACD always formed a Bullish Cross and as you see, we may only be days away from a new one. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTCUSD: Another 6 months of sideways trading. Then...BTCUSD is on a bullish 1D technical outlook and more importantly yesterday's rise pushed the 1W timeframe into technical buy levels (RSI = 55.657, MACD = 575.600, ADX = 23.863). This is more than encouraging as it keeps Bitcoin in Bull Cycle territory, over the 1W MA50. What we should be using as a benchmark is the Halving event. Next one is estimated to be in April 2004, while those prior where on May 11th 2020, July 9th 2016 and November 28th 2012. We are 24 weeks-168 days before the 2024 Halving. At the same time range before all past Halvings, Bitcoin has been on the 1W MA50 at least. This is why it is very uncouraging that we haven't crossed under it despite basically being sideways for 6 whole months. At the time of the past Halvings, the price was at best (historic max) -47.49% from the ATH at the time and at worst (historic low) -60.57%. This provides an estimated price range at the time of the next Halving between 37200 and 27500. That means that most likely we have another 6 months of basically sideways action ahead of us until the April 2024 Halving. Then it should take almost as much time to reach the 69800 ATH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
2
BTC will history repeat?1D time frame - According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days. Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered. Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot! Accurate Bitcoin analysis about top structure and bear bottom. Bitcoin PRZ analysis of Harmonic pattern.
COINBASE:BTCUSD
by EthanTW
1
$BTC's Key Resistance Trendline for This WeekBTC has been very bullish since late September and early October, but has reached strong resistance at $28k. The orange trendline is a key price target where BTC bulls and bears are struggling to gain control over this price level. The trendline acted as support for a few hours before ultimately breaking below, and is currently acting as short-term resistance. For now BTC is trading in a range between the white support zone and the $28k resistance level. In order for BTC to climb up higher this orange trendline needs to be flipped into support. The markets have been affected by the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
COINBASE:BTCUSD
by realchartchamp
BTC excellent short entry 29k12h time frame - Bitcoin dumps 1.5% today, and many people think the huge dump is coming. However, if we take a look at the uptrend since 24901 on 12th Sep, this uptrend line has not been broken yet which means Bitcoin is still on the upward way. Combining with 0.618 Fibonacci Projection, there is a structural support around 27000~27300. Therefore, we can set up a trading plan once Bitcoin reach and get support at that zone, and target is 29000~29500, also the excellent entry to open short as we pointed out in previous Bitcoin two analysis: the critical pattern-Head and Shoulders(ref.1) and PRZ of Harmonic pattern(ref.2). Both targets are 18500~15800. - ref.1 Head and Shouders ref.2 Harmonic pattern
by EthanTW
1
BTCUSD 1D : Try to breach the resistance BTCUSD New forecast The price of BTCUSD rose up during last week and reached to our first target near to resistance zone 28345 - 28900 and now offers side trades below the resistance Now as we see in the chart the price trading in the bullish channel for a long so we expect the price will be continue at the bullish trend but to confirm the bullish trend should stable above the resistance zone to open the way from our target . Therefore ,the upward trend scenario will be remain valid and effective once stabilized above resistance zone and our target will be 31044 and 33022 ,Taking into account that failed to stabilized above the resistance zone will force the price to start correction and visit the previous broken areas ,so the main condition to be continue at the bullish trend is stabilized above resistance and other wise the price will retest . wait for breach the resistance and when we see the price action then we will buy it The expect range trading for this week it will be between 33022 and 24828. support line : 25819 , 24828 resistance line : 28345 , 28902 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
4
BTC target 29k in October4h time frame - According to previous analysis about Butterfly pattern on Bitcoin(ref.1), there is a PRZ around 29000~29400. Today, we are going to talk about the time analysis, if take a look at the analysis about Bitcoin bear bottom (ref.2), a potential top structure-head and shoulders was pointed out in that post. Further, separating the left shoulder into two waves, from the dumping wave(31000~24700) took 62 days to create. This date range allows us to estimate the time that right shoulder needs, and the best timing to reach RS top is before end of October. Obviously, once Bitcoin start pumping and going into PRZ, we can open short there, and there are two scenarios(white & blue trend), I will talk about these two potential scenarios, including target, stop loss and risk in near future ref.1 ref.2
Long
by EthanTW
BTC 2 scenarios about short & long2h time frame - (1)Head and Shoulders On the left chart, Bitcoin made a potential HS as our previous analysis. Currently Bitcoin broke the neckline at 26378 and is going to retest it, if get rejection at 26378 again and broke below 25990, Bitcoin will finish the retest of HS structure, and target is 25270. (2) Falling wedge On the right chart, Bitcoin is creating a potential wedge, which could be regarded as the continuation structure of the pump wave(24853~27485). Bitcoin might make a lower low at 25800 to reach the wedge bottom again, where is also the Fibonacci retracement 0.382. Therefore, we can keep an eye on that range to open long, if Bitcoin get rid of this falling wedge, target is 27484~27827 first.
by EthanTW
BTC potential reversal zone 29.5k12h time frame - According to previous analysis, Bitcoin made a false breakout(or stop hunting) again. This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024. If we take a step back, there is a potential harmonic pattern(shark structure), its D point(PRZ) is aligned with Fibonacci retracement 0.382(as we analyzed before). Therefore, if Bitcoin can maintain this pump, it might reach the end at around 29500. Entry: 29500 TP: 18000~20000 SL: 30500
by EthanTW
BTCUSD Long Term BUYING Trading IdeaHello Traders In This Chart BTCUSD DAAILY Forex Forecast By FOREX PLANET today BTCUSD analysis 👆 🟢This Chart includes_ (BTCUSD market update) 🟢What is The Next Opportunity on BTCUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BITSTAMP:BTCUSDLong
by ForexPlanet20
1