Bitcoin falling again from the 🔴Resistance zone🔴Bitcoin was able to go up to the 🔴 resistance zone($ 25,760-$ 25,600) 🔴 after breaking the resistance line.
The wave structure in the 15-minute time frame appears to be Expanding Flat(ABC/3-3-5) , which is one of the most common corrective structures.
I expect Bitcoin to fall again from the 🔴resistance zone🔴 (there is also a possibility of a 🐮 bull trap 🐮).
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 be glad to see your ideas in this post.
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Btcusdtshort
BTCUSDT may hit daily resistance and then pullbackThe price is trading below the weekly and daily resistance confluence. All the relevant support and resistance levels are marked on the chart. I think it may still try to reach that resistance marked as 1DR1 before a significant pullback. A short will be favorable if the price hits that 1DR1. I will post the trade setup if the price reaches there and I am there to take the trade.
BTC is still bearishHi Traders this is my view for bitcoin from Elliott Wave Analysis perspective, hope it could give you another perspective of analysis.
Bitcoin is still bearish with double three (wxy) corrective wave within the blue channel.
I expect btc would go down to around 25k demand area for entry long position (with PA confirmation).
Then bounce-back to 26.8k supply zone for entry short position (with PA confirmation)
The invalidation for short scenario is at high (c) 27400
Next major support is at 24.1k
It is always better to wait for PA confirmation on lower timeframe every before entering the market. Especially in the current risky market condition, where the liquidity is thin, smaller range, major news and full of manipulation.
Cheers!
BTCUSDTEVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉
After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns.
These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective.
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From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K.
BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT
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CryptoCheck
Bitcoin is forming a Head and Shoulders Pattern(15-min)⏰It seems that Bitcoin is forming a Head and Shoulders pattern after failing to break the 🔴 resistance zone($ 26,150-$ 26,040) 🔴 so that the peak of the right shoulder of the pattern can be in the 🟡 Price Reversal Zone(PRZ) 🟡.
I expect Bitcoin to go down to at least the 🎯 target 🎯 I specified in the chart after breaking the neckline .
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin will go down by Ending Diagonal Pattern❗️❗️❗️Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal .
I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin will go DOWN again (Short term)❗️❗️❗️In these few days, Bitcoin managed to move from its 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 to the top of the descending channel and the 🔴 resistance zone ($ 28,000-$ 27,660) 🔴.
In this increase in Bitcoin, we can see the Regular Divergence(RD-) between volume and price, as well as the Hidden Divergence(HD-) between price and oscillator.
I expect Bitcoin to decline again from the top of the descending channel and 🟡 Price Reversal Zone(PRZ) 🟡; this decline can follow the Fibonacci levels .
Bitcoin Analyze ( BTCUSDT ), 4-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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Falling WEDGE!CME:BTC1!
CRYPTOCAP:BTC is still in the falling wedge we have been following for a while now.
For Long Ideas: We are waiting for reaction in highlighted Zone 24k to 25.6k for possible target to 30k to 31k zone.
For Short Ideas: Waiting on bearish retest of the same Zone and possible targets are 21k, 20k zones.
Today FOMC Interest Rate Decision data comes out at 14:30 EST. Previous 5.25 Forecast 5.25.
On larger time frames these events have smaller impact. Scalping ideas can plan for the volatility on lower time frames.
200D MA must hold to prevent further downside.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTCUSDT at daily resistance, likely to move down to 26060The price has hit the daily resistance DR1. It is likely that the price will be pushed back from there. The next hourly support is around 26060 and I think price will head there. Therefore, the target of this short trade should be 26060. The price has already been pushed significantly while penning this idea.
Bitcoin Head & Shoulders!BITSTAMP:BTCUSD
Bitcoin has a really interesting head and shoulders even on 1D.
The aggressive neckline has broken and provided 5.84% gains on a short.
Waiting for confirmation via:
1. Plan A: Bearish Retest of Neckline for short to possible pullback zones 25.2K and 24k levels
2. Plan B: Fake-out of Neckline for Long to first to 31k
Future markets open in about 3h 34m
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
MATIC - Are we Going to DOUBLE BOTTOM!!KUCOIN:MATICUSDT
CRYPTOCAP:BTC sitting in the huge Head & Shoulders provides ideas for possible downside.
You can see my idea here: tinyurl.com
Price action is lurking around below the neckline after breaking it. Possibly a build up.
Once it moves we activate our plan.
CRYPTOCAP:MATIC looks interesting sitting in a Falling Wedge and could we get a Double Botton for upside break or
would we need to wait for this at the Possible Pullback level should CRYPTOCAP:BTC breakdown.
My regular followers know I like to have a Plan for my Long and Short but with clear Action and Trigger points so that I can execute like a bot and play my edge.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
BTC Short Term TROUBLE -Sub $25K LikelyHi Traders, Investors and Speculators of Charts📈📉
After closely monitoring the market trends following our previous idea of shorting until the FWB:25K mark, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound at the FWB:25K support zone, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs.
Furthermore, it is crucial to take into account the occurrence of a double top formation in the daily timeframe. This technical pattern typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence.
Considering these factors, it is prudent to exercise caution and be mindful of the prevailing bearish sentiment in the market. Traders and investors may need to reassess their strategies and potentially explore short-term trading opportunities that align with the current bearish trend.
________________________________
I've been consistently bearish in my short term outlooks but bullish longer term, as seen below:
However, I remain BULLISH for the longer term and do not expect us to drop any lower that $23K.
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We appreciate your support !
CryptoCheck
BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD CRYPTO:BTCUSD CME:BTC1! BINANCEUS:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT BITFINEX:BTCUSDSHORTS KUCOIN:BTCUSDT OKX:BTCUSDT
📈BTC analysis near US Retail Sales📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hey everyone, first take a look at my previous BTCUSDT & ETHUSDT analysis and positions.
Bitcoin may experience growth to 28K near this month's Retail Sales release.
The trend is still bearish and the price takes another step for further correction with each rise.
Next station for BTC is near 200EMA (25200-25400).
Don't forget to risk-free your position.
Please share ideas and leave a comment
let me know what's your idea.
CrazyS✌
Bitcoin | Seeking for LiquidityWe see that the price is looking for a bearish liquidity.
Since the general trend is in the downward direction, I find it useful to consider each of the rises as a sales opportunity.
Those who have been watching for a while have noticed how weak the price is.
In this search for liquidity, I tried to evaluate the points where the price could go up and down.
With the decision to stop the rate hike on June 14, BTC may see the daylight and make a move towards liquidity in 29K.
I don't think this is sustainable. Because I think we can show a real bull sign 3-6 months before Halving at the earliest.
Bitcoin Flag!CME:BTC1!
CRYPTOCAP:BTC is printing a falling wedge on 1D and looks like possible retest at pullback area 25.2k.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
You don't have to be in a trade. Let Price show you and execute your edge.
Waiting for direction with Plan A Plan B in place.
Potential for:
Long:
Breakout of wedge with target to 31k
Bullish Retest of 25.2k zone
Short:
Bearish Retest of 25.2k with possible target to 21.5k area near the Gap between 20330 and 21110
Breakdown of current level and bearish retest for move to and breakdown of 25.2k level.
200D MA must hold to prevent further downside.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTCUSDT Daily : Finally 25500 touchedHi Guys , Hope you well
Dear traders, as I said in the previous analysis, the price dropped almost heavily with the news about the complaint against the Binance exchange.
Now I expect the price to swing down to the green box.
I remember that according to the news, the price can stay in this box for a long time and I expect it to move towards $32,000.
SecondChanceCrypto
⏰6/JUNE/23
⛔️DYOR
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♦️BITCOIN HEADING TOWARDS 20K♦️BITCOIN(BTCUSD), shown strong bearish momentum, which can be a strong indication of bears taking controll over. While DXY will be extremely bullish in this scenario it would be hard btcusd to create another bullish impulse.
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BTCUSDT likely to visit daily support around 24296-24696That was a significant drop. It has broken all the low time frame support levels and now likely to head for the next daily support. It seems the path is very clear for the BTCUSDT to move to daily support zone around 24296-24696. The price hitting that support would give a very good long opportunity as there will be enough liquidity to move the price significantly upward.