Bitcoin | All eyes on 40,000 S/R Level...!!
#BTC (Update)
+38% Correction so far Since 11th November ATH (69,000)
Lowest Daily Candle Closed since 29th Sep 2021 📉
Now, All Eyes on 40,000 Crucial S/R Level..
Massive Bullish Divergence Still Valid (Hopium)
If Bitcoin Remains Above the 40,000 Support Level, Expecting Bounce Back & In Worst Case, If Bitcoin Bulls lost the Crucial Support, Bitcoin Might Retest the 30,000 Support Area.
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Bitcoin Broke down $45000 support so now ready to $32000 ?#BITCOIN Weekly TA Update:-
$BTC currently trading at $43500
As I always aware you about this Volatility.
Many Traders Liquidated all fund in last 12 hours.
Now..?
Bitcoin Weekly candle closing still 4 days left.
Bitcoin bull Last hope from Weekly candle.
If close above $47000 then we can see still bull zone.
Daily..?
Daily already break down Support and also closed below support so I am bearish in Daily time frame.
So If weekly close also below $45000 then we can see first Support and Target $32000
Support: $32000/$19000
Resistance:- $47000/$65000
Bitcoin Ready to 78000 as per chart analysis#BITCOIN Exclusive Update:-
$BTC trading price = $46600
As per chart Bitcoin Still holding strong support $45500
Now If bitcoin Worked As per Last Fractals then We can see $Bitcoin Price around $78000 within couple of months.
Supper Bearish below $45000
I am Opened Long Here with Strict Stop Loss.
Never use high Leverage.
Targets:- $58000/$66600/$78200
Stop Loss:- $44000
Waiting for Green Box
Complete Bitcoin Analysis #BTCIn the main chart you can see the analysis, a price support marked with a blue dotted line and a classic support level with a purple box.
With a small growth, the 52K liquid pool was filled, but what were the other causes of the fall...
In the chart below, to a candlestick that would have grown very well if the shadow had not been cast below this candlestick, but because of this candlestick and pattern, it entered the falling phase again.
As mentioned earlier, after the initial drop, Bitcoin will enter a 15-day range and will now be in the neutral zone, which is about 15 days away. Also important are the time dates specified in the chart
Bitcoin Bullish ( 2022 My First Bitcoin Analysis ?#BTCUSDT Exclusive TA update :-
$BTC currently trading at $47000
IMO this is best time to Buy #Bitcoin in 2022
As per chart $45000 is Strong Weekly resistance.
December Monthly Close Price is $4628
Which is act Like Strong support.
And $44000 also Monthly Good Support level.
$46400 is Weekly Strong Support.
Perfect Stop Loss for Spot Entry:- $42000
If Hold $44000 Monthly support then My 1st Target will be $65000
Most Important Point=
If $Bitcoin Break $65000 resistance then we can see New All Time High TOP could be $2,50,000 per $Bitcoin
Bear View:- If break $44000 support and any Weekly candle close below $44000 then BTC bearish.
Support Levels:-
Monthly = 44000
Weekly = 46400
Daily = $45000
Bitcoin (BTC) • Year end Bullish accumulationStrong support base remain unchanged while we keep tapping into these lows. Books are super liquid on the bid side from 45 down to 39k.
Strong possibility of revisiting lows at 43.9k quarterly open.
Funding been relatively flat leaning negative with brief flips towards positive. But perpetual swaps basis keep more consistently trading bellow spot.
General crypto twitter sentiment is bearish.
Around 5B will expire tomorrow in the Options market but these moves we are seeing are already reflecting that settlement event.
There are insane amount of open value allocated toward puts but put/call ratios is very low. There is a significant divergence between open value and put/call ratios which is looking bullish as well.
Futures premiums are quite normalised and not seeing huge short pressure any more for quite awhile with exception of volatility in last few days.
Most volume is produced at lower swings and rarely on pumps. Weak hands distributed to stronger ones while there is little fomo ( people not bullish)
Remember that my views are merely hypothesis and trading decisions should account for proper risk management based on risk-reward and probabilities.
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Bitcoin All Time High Will be $365000 in this Bull Cycle ?#Bitcoin All time High Chart Update:-
$BTC trading at $47700 at Writing this Blog.
This is Monthly chart.
As per monthly chart $Bitcoin always bullish in past also.
In simple way I will clear all Doubts:-
1st:- If Bitcoin Any Monthly candle close above $68000 that’s real Bull cycle will start.
And Target will be $365000
2nd:- If Bitcoin Break this Month low $42800 that’s mean We can see another new low in Coming year 2022
So if breaks this low then High Chances to hit $34000 Monthly support zone and that will be also High demand zone.
But If any Monthly candle close below $32000 then we can see $14000 also.
Mean to say that will real Bear market start.
If you say My Own Prediction then:-
---- $BTC Will Break $61000 Resistance
on 1st-30th April 2022.
---- $Bitcoin Will hit New ATH on
November 2022
---- My New ATH Target is > $150k
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probably nothing...Sellers have given up the pivot, and after clearing FED, buyers are eyeballing pressure towards $46, $49 and $58 above.
A more solid representation is our long-term chart in BTC, but GBTC is also playable.
With sellers showing a lack of necessary tenacity, and buyers starting to make themselves felt. The threat now is immediately on a +35% rally, to e.g $46 and $49 soft resistance, and finally $58 highs. The enormous strategic significance of tapering explains why Powell has been so fleeting. Politicians have created a whore house via covid, we are now going to see the slippery slope play out in monetary policy.
Bitcoin time analysis with Elliott waveI think 90% we made the bottom and now we will fly to 84.5k-93.9k as first target for 3th wave and after that we will correction to 65k-69k for 4th wave and after that we will continue flying to 109k-134k as 5th wave target.
And every target has a date to achieve it in this time.
For the main directions in Elliott wave we are in the big 5th wave.
Goodbye.
Bitcoin Best opportunity to buy and Next Target is $200k#Bitcoin Exclusive Update:-
$BTC currently trading at $46600
This is Retest zone as per 3D chart.
Best Accumulation zone:- $43000-$47000
This is Spot analysis not Leverage call.
After this Dip we can see big Move in $Bitcoin Price.
And we can see $200k in couple of weeks.
Above $40000 I am buying more Bitcoin.
Every Big dip = Adding More
After Red days we can see More Green days.
Target still $200k
Support:- $43700/$40700
Resistance:- $58500/$65000
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Bitcoin (BTC) • Strong support base There is general fearful sentiment in the market that is sounding bullish to me and on top of consistent consolidation at lows.
Funding rates more or less flatlined and keep going back and forward but swaps been trading consistently bellow spot, specially Binance and OKEX. Which is good news.
Futures also showing some strength in the premiums while price marking down. Which suggest that short/hedges are getting closed and/or new longs are taking place.
Open Interest is also rising while we marking down. We are likely to see some shakeout moves before starting marking up.
The books show significant support base down to 40k confluent with the technical support levels based on swing lows but also monthly and quarterly opens.
Overall I think is terrible idea to be short in this market. I'm actually feeling super bullish rn.
Bitcoin | Consolidating in S/R Range But I'm Still Bullish..!!#BTC (Update)
In 4h timeframe, Bitcoin is Forming Descending Broadening Wedge Pattern..
Since 4th Dec Crash, Bitcoin has been Consolidating in 46300 - 51800 S/R Range..!!
So far #Bitcoin Bulls Defending the 46,300 Crucial Support & RSI is Also Printing Massive Bullish Divergence.
If Bulls Cleared the 51,8k Resistance, Next Stop would be 67,800
In Worst Case, If Bulls lost the 46,300 Support, Expecting Another Lower Low (Bitcoin Might Retest the 41,500 Area)
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Bitcoin | Consolidation Phase..!!#BTC (Update)
Bitcoin has been Consolidating Between 30,000 - 66,000 Range Since 1st January 2021.
On 8th January, Bitcoin Mark its New ATH (41,970) & In Late January 2021, Bitcoin tested the 30k Support Area twice (22nd & 27th January Respectively) Then, Bounced Back Hard & Hit New ATH (64,830) on 14th April (+118% Since 27th January)
From 14th April to 20th July, Bitcoin Declined +55% Of It's Value but Bulls Defended the 30,000 Crucial Support.
In May, June & July, Bitcoin tested the 30,000 Crucial Support 3 Times (18th May, 22nd June & 20th July Respectively) & Bounced Back like 28th January & Hit New ATH (68,444) on 9th November (Bitcoin Price Surged +130% in 4 Months)
Now, again Bitcoin has been in Correction phase since 9th November (+33% Correction so far Since ATH)
According to the Most Common Fibonacci Reversal Levels, 38.20% (44,550) is the Last Reversal Level to Watch 👀
In Worst Case, If Bitcoin Lost the 40k Support like 19th May, Bitcoin Might Retest the 30,000 Crucial Support Area.
BUMP & RUN Bottom Reversal Formation...!!
Three Peaks & the Domed House Pattern..!!
Descending Broadening Wedge Formation..!!
Bitcoin is Getting Ready for Huge Bull Run..!!
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Bitcoin (BTC) • Fear is spreading. Good I recommend anyone to take a look at my previous videos where I cover points I didn't cover in this one.
but in the one we revisit the technical levels I am looking at and their confluence with what the books are telling at the moment.
Reminder that the nature of the books is like a living animal but so far it has been quite steady. What we need to see is that support around 42-40k range to hold well in case we get there. The upper ranges up to the 69k is pretty illiquid at the moment.
Watch the video for full details where I also briefly touch on the Options open interest for December contracts.
REMEMBER guys... take my videos as probabilities statements and/or useful heuristics to look for when we are making your own trading decisions.
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btc 12-12 update~ (35k then 150k?)morning,
was taking a deep dive into the micro-wave count, and i noticed something very interesting.
we have a vast array of 3's in this local area - indicative of very corrective movement.
w-x-y's come in 3's, and that would beautifully explain the price action that we're currently in.
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>this case would indicate that we have put in our initial 5 waves down already into the Primary Wave (A).
>with the final fifth of Wave (A) that played out as a classical expanding diagonal, (one of the rarest moves in the markets).
>currently working on a mean retracement into the primary the Wave (B).
> [before the final drop into Wave (C) to complete a deep Wave (2) of a higher degree.
this would be very bullish if we were indeed playing out a 1-2.
wave (2) would land somewhere in the mid 30k range.
wave (3) target would be closer to the 150k region into next year.
wave 2's are notorious for going deep, to shake out those who aren't expecting it - and to reset the oscillators on the larger timeframes before the massive wave 3 impulse that follows after.
ps.
>it is very rare to see 4 red weekly candle closes in a row; here's a few that i've found from historical price action.
>in 2014 - rallied 100% after
>in 2015 - rallied 293% after
>in 2016 - rallied 3355% after
>in 2020 - rallied 1362% after
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