Bitcoin Last Perfect Analysis update and Still Potential $100k ?#BTCUSDT Last Perfect analysis Update:-
$BITCOIN currently trading at $35600
And Guys If you remember I told you to partially exit from $50k
Recently Bitcoin Dumped till $28600
Mean more than -50% from All time high.
So Hope you happy with my Spot analysis.
And exactly hit my lower Target zone.
IDEA Also Attached.
Now…?
Guys Its clear Bitcoin Is future for Digital world.
But Ups and down is Part of Trading.
So Keep in mind If hold $30000 level then We still can see $100k
But If break down $30000 level then I will bearing till $15k
So Never do Gambling and Trade with Proper setup.
Patience always Pays off.
Support:- $30k/$23k/$18k
Resistance:- $41k/$60k
Please Press LIKE ❤️ if You Happy with my analysis.
Xbt
BTC | Bearish | Areas of InterestSentiment: 25 - Extreme Fear
Trend: Bearish
While the market has been consolidating in a lower area for nearly a week, it is clear that there are a number of strong Sell-side areas to drive price lower.
I understand that accumulation at this point could lead to an aggressive move to the upside, but until I see the trend change I will continue to be bearish in the short term.
focus on the Sell-side (Red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Buy-side areas are great for exits 🕵🏾♂️
& Don't forget to follow me on tradingview
Happy Trading
Regards
Mr Ionic
Bitcoin | Falling Wedge Formation in 1D Chart..!!#BTC (Update)
In daily timeframe Chart, Bitcoin is Forming Falling Wedge Pattern..!!
RSI Indicator is Printing Classical Bullish Divergence ..
At the Moment, Bulls testing the Resistance 35k, If resistance got Cleared, Expecting Huge Bullish Wave towards the 48k in Coming Days.
In case of Rejection, Bitcoin Might Retest the 30k Area (Lower Low), If Daily Candle Closed Below the 29k, then Falling Wedge Pattern Will be invalid.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
#BTC, 7% up on a few hours is cool but still lot to prove#BTC
7% up on a few hours is cool but still lot to prove on the big picture
a break above ~36k and a flip to look for a potential HH could really make an impact on the overall structure
good news is ~30k hodled the second week that retested it over the last 40 days
$BTC
Bitcoin update June 21Hello
Bitcoin update 21.06.2021
I still follow my previous analysis.
We touched support line of triangle
Inside the triangle I see falling wedge pattern
RSI-Oversold
Fear and greed index - 23 (Extreme Fear)
We shorted last down movement
And I see good level for swing trade
Best regards EXCAVO
Two fascinating and important timelinesThe first 29 June timeline (red line) marked on the chart is our most important timeline, which is likely to fall, and I expect a lower floor to occur in this timeline.
The second 3 Jul timeline (black line) It is not yet clear how this line works, but if the previous line forms a lower floor, this line can be bullish.
Take timelines seriously
btc wave b setupWe can all agree that Btc is about to finish this Sub-Wave 5 to complete this Wave (A)
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Wave (A) target: 28,000
wave (B) target: $47,000
previously:
ps. i post quite a few scenarios, and i slowly eliminate the ones which get invalidated, eventually finding the right one.
Similar charts, not necessarily out of the same market
Bitcoin's recent moves are very similar to those of August 2020, but similar charts don't necessarily follow the same trend.
In August 2020, Bitcoin was in a platform breaking trend, which is similar to the current trend. It is also the 5-wave correction of ABCDE, and then began a new upward trend.
But the two market, there are also some differences
1. Average differential, the correction did not break MA144 then, whereas the current correction is below MA144
2. At that time, the rebound from the low of $3880 lasted 5 months, up less than 150%, while the current market, up 7 months, up more than 500%
3. Changes in the global financial market environment. Last March, the Federal Reserve in order to rescue the epidemic, excessive issuance of dollars, global funds are under inflationary pressure. Now that the epidemic has subsided and the economy has recovered, fighting inflation is the main task, and the Federal Reserve is talking about raising interest rates.
4. As the digital currency led by Bitcoin has performed well in the past year and become the leader in the global financial market, it has triggered the attention of governments and financial regulatory departments of various countries, and regulatory policies have begun to tighten. Although more and more financial institutions have occurred and supported Bitcoin, SEC has no intention to regulate digital currency, which means that ETF is far away. China has cracked down on mining in order to achieve a carbon peak, resulting in unstable calculations. There's a growing controversy over how big names like Musk manipulate currency prices through Twitter. If these issues are not addressed, digital currency will not truly become a mainstream financial product.
So we see two markets, similar charts, but also very different, if you want to get out of the September 2020 breakout market is not small. As an investor, there is no need to worry about where the market is going. What we need to do is not to go against the trend after it has formed.
Bitcoin Wyckoff Accumulation PathIf we assume that bitcoin just experienced a "Wyckoff Spring" and is in the middle of Wyckoff Accumulation then this is a way to visualize what may happen in the coming days/weeks. Conversely, if bitcoin is unable to remain above the new low (the "Spring"), then this schematic is invalid and is likely re-distribution and significant downside remains. Stay flexible and good luck!
BITCOIN (BTCUSD): Two Scenarios Explained ₿
Very important moment for Bitcoin.
On a daily, the market is currently trading in sideways.
The price has formed a wide horizontal trading range.
Bears are testing its support at the moment.
Here are two scenarios for you to follow:
Bearish.
In case if the price breaks and closes below the underlined support of the range,
many buyers will lose confidence and it will be a trigger for one more selling wave.
Bullish.
The price may respect the underlined support.
Your confirmation to buy the market will be a bullish breakout of a falling wedge pattern on 4H.
It will lead to a bullish move to a resistance of a daily range.
Because I heavily invested in crypto, I remain bull-biased.
But who knows, we must be prepared for everything.
What will happen in your view?
❤️Please, support this idea with a like and comment!❤️
ETH and The Parabolic FightI posted this line past week, don't remember when :). But more important, even though alts looked weak again today (posted some things earlier today about btc and alts), ETH might be weak because its against that resistance line. Mentioned it in the past, curved line are always subjective, but it does look pretty legit to me. Now, when price stays like glued to the resistance (so no real rejection), it's often a sign that it eventually breaks.
Parts of what i said about ETH in my public channel:
Alts, still disappointing must say, eth wasn’t even able to reach the horizontal resistance around 2000/2020. I don’t like this, since weak alts past month have been giving the real answer of the direction of this market. But, if bitcoin can close clearly above 33k, I might give it a second chance tomorrow. Eth also has a big resistance on the daily chart, parabolic shape. Will show it tomorrow, at the moment moving around 2050/2100. That one has been giving pressure past 2 weeks. Maybe it means something real if that breaks coming day or 2
This is what i mean, first resistance around 2050/100. Think a break of 2300/400, would prob be a big win
If this would happen, a break of the 2100ish and we get a big pump (if its a weak pump it might not be a real parabolic), think the 2600ish would be like the 40000/42000 resistance of BTC.
Short term, also bit guessing, but think this might be what we can follow. Ideally low is set already, but maybe its making a small parabolic shape here as well. Think as long as it doesnt make a big drop, and stays above 1900/1920, it could work. First resisatnce is that white are around 2050/2100. Now, if this 2100 breaks, it really has to pump big, nothing small or weak like we seen lately.
So for now, still all risky since alts have been VERY dangerous. But if bulls can break the first smaller resistance around 2000, there is a chance it might work. Until then, think we need patience
Previous analysis: