BTCUSDTBased on HEW analysis which took me about a month to complete, we are on wave 5 of wave C of wave 3. according to this analysis, wave 3 will end at 48800-48400. then wave 4 will begin which is a very deep wave. This correction wave would be as long as 10000-15000 USDT. Shortby Gorask112
These Market Structures Are Crucial for EveryoneIn this article, we will simplify complex market structures by breaking them down into easy-to-understand patterns. Recognizing market structure can enhance your trading strategy, increase your pattern recognition skills in various market conditions. Let’s dive into some essential chart patterns that every trader should know. Double Bottom / Double Top A double bottom is a bullish reversal pattern that occurs when the price tests a support level twice without breaking lower, indicating strong buying interest. This pattern often suggests that the downtrend is losing momentum and a potential uptrend may follow. Conversely, a double top signals a bearish reversal, formed when the price tests a resistance level twice without breaking through. This pattern indicates selling pressure and suggests that the uptrend may be coming to an end. Bull Flag / Bear Flag A bull flag is a continuation pattern that appears after a strong upward movement. It typically involves a slight consolidation period before the trend resumes, providing a potential entry point for traders looking to capitalize on the ongoing bullish momentum. On the other hand, a bear flag forms during a downtrend, signaling a brief consolidation before the price continues its downward movement. Recognizing these flags can help traders identify potential breakout opportunities. Bull Pennant / Bear Pennant A bull pennant is a continuation pattern that forms after a sharp price increase, followed by a period of consolidation where the price moves within converging trendlines. This pattern often indicates that the upward trend is likely to continue after the breakout. Conversely, a bear pennant forms after a sharp decline, with the price consolidating within converging lines. This pattern suggests that the downtrend may resume after the breakout. Ascending Wedge / Descending Wedge An ascending wedge is a bearish reversal pattern that often forms during a weakening uptrend. It indicates that buying pressure is slowing down, and a reversal may be imminent. Traders should be cautious as this pattern suggests a potential downtrend ahead. In contrast, a descending wedge appears during a downtrend and indicates that selling pressure is weakening. This pattern may signal a bullish reversal, suggesting a possible upward breakout in the near future. Triple Top / Triple Bottom A triple top is a bearish reversal pattern that forms after the price tests a resistance level three times without breaking through, indicating strong selling pressure. This pattern can help traders anticipate a potential downtrend. Conversely, a triple bottom is a bullish reversal pattern where the price tests support three times before breaking higher. This pattern highlights strong buying interest and can signal a significant upward move. Cup and Handle / Inverted Cup and Handle The cup and handle pattern is a bullish continuation pattern resembling a rounded bottom, followed by a small consolidation phase (the handle) before a breakout. This pattern often indicates strong bullish sentiment and can provide a solid entry point. The inverted cup and handle is the bearish counterpart, signaling potential downward movement after a rounded top formation, suggesting that a reversal may occur. Head and Shoulders / Inverted Head and Shoulders The head and shoulders pattern is a classic bearish reversal signal characterized by a peak (head) flanked by two smaller peaks (shoulders). This formation indicates a potential downtrend ahead, helping traders to identify possible selling opportunities. The inverted head and shoulders pattern serves as a bullish reversal indicator, suggesting that an uptrend may follow after the price forms a trough (head) between two smaller troughs (shoulders). Expanding Wedge An expanding wedge is formed when price volatility increases, characterized by higher highs and lower lows. This pattern often indicates market uncertainty and can precede a breakout in either direction . Traders should monitor this pattern closely, as it can signal potential trading opportunities once a breakout occurs. Falling Channel / Rising Channel / Flat Channel A falling channel is defined by a consistent downtrend, with price movement contained within two parallel lines. This pattern often suggests continued bearish sentiment. Conversely, a rising channel indicates an uptrend, with price moving between two upward-sloping parallel lines, signaling bullish momentum. A flat channel represents sideways movement, indicating consolidation with no clear trend direction, often leading to a breakout once the price escapes the channel. P.S. It's essential to remember that market makers, whales, smart investors, and Wall Street are well aware of these structures. Sometimes, these patterns may not work as expected because these entities can manipulate the market to pull money from unsuspecting traders. Therefore, always exercise caution, and continuously practice and hone your trading skills. What are your thoughts on these patterns? Have you encountered any of them in your trading? I’d love to hear your experiences and insights in the comments below! If you found this breakdown helpful, please give it a like and follow for more technical insights. Stay tuned for more content, and feel free to suggest any specific patterns you’d like me to analyze next! Educationby ArShevelev2211
BTC 1h upward rally updateMEXC:BTCUSDT Here's what SMC tell us: after a slight dipping to the DP.i (58550) point of interest (POI) then we ready to see a confirmation signal to buy the dip. that confirmation would be 1. SCOB: Single Candle OrderBlock 2. Lower Time Frame (5mins) ChoCh: (ChoCh: Change of Character) Without a confirmation entry, we are not allowed to execute buy position, and then we have to be patient for price to get to a lower important level, such as Minor High Liquidity Low (57220) or Minor Extreme POI (56025). I will update Bitcoin regularly.. Take Careby x-Aurio224
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 . I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) . Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least). 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 and updates; 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.Longby pejman_zwinUpdated 8876
The key is whether it can rise above 60672.0-61099.25 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- For those who don't want to read a long explanation, I'll tell you the conclusion first. The actual chart analysis is as follows. - Current volatility period: September 9-29 - Next volatility period: Around October 7 - The most important support and resistance zones at the current price position: 60672.0-61099.25 - Support and resistance zones when rising 1st: 63118.62-64000.0 2nd: 65920.71-67614.25 - Support and resistance zones when falling 1st: 57889.10-59053.35 2nd: 56150.01-56950.56 -------------------------------------- (Example of how to select a volatility period using the StochRSI indicator) It is the turn to form a low zone in the wave flow, but by breaking through the high trend line (1) upward, There has been a change in the wave. The wave that has been going on until now was a downward wave, but it has now broken through the current high trend line (1) upward, making it an unknown state. Therefore, the section where the high trend line (1) and the low trend line (2) intersect, that is, the section marked with a circle, can be called a volatility section. In order to continue the existing downward wave, it must fall below the high trend line (1). If not, there is a high possibility that a new wave will be created. Therefore, the day when the high trend line (1) and the low trend line (2) intersect, that is, around September 13 (September 12-14), can be called a volatility period. However, when selecting a volatility period, it is important to have support and resistance lines and trend lines drawn on the 1M, 1W, and 1D charts. What I have just mentioned is an example of selecting a trend change and volatility period using the flow of waves using the StochRSI indicator. Trend lines that intersect important support and resistance lines indicate more significant periods of volatility. - The high trend line is drawn by connecting the high points of the StochRSI indicator, that is, the opening prices of the bearish candles corresponding to points a1 and a2. (If the candles corresponding to points a1 and a2 are not bearish candles, move to the right until a bearish candle appears.) The low trend line is drawn by connecting the low prices of the candles corresponding to points b1 and b2 of the StochRSI indicator. The trend line is ultimately a lagging indicator drawn after the price has passed. If you say that auxiliary indicators do not need to be considered lagging indicators, I think that means you do not need to look at trend lines either. Therefore, rather than rejecting indicators, I think it would be good to use them as reference material to create a trading strategy by utilizing several indicators that fit your investment style. - Based on the explanation above, if we select the next volatility period, October 7th is the volatility period. This volatility period is the volatility period selected on the 1W chart, and the week before and after September 16th is the volatility period. Therefore, September 9th-29th is the volatility period. However, based on the volatility period selected on the 1D chart, we can see that this volatility period began in earnest around September 13th. --------------------------------------------------- The lines are drawn in a complicated manner, but if you have been watching the explanations I often give, I think you will notice the important parts. Therefore, you should pay attention to the points, sections, trend lines, indicators, and volatility periods that I mentioned. - The most important section for the current price position is 60672.0-61099.25. Therefore, the key is whether it can rise above the 60672.0-61099.25 section and receive support. Since the sell line of the superTrend indicator is formed at the 60674.89 point, it supports that the 60672.0-61099.25 section is an important section. If not, it is important whether it can receive support near the 59053.55 point, that is, the MS-Signal (M-Signal on the 1D chart) indicator. - If the StochRSI indicator falls from the overbought section and maintains the state of StochRSI < StochRSI EMA, the price is likely to eventually fall. In other words, the StochRSI indicator must touch the overbought or oversold zone to close the current wave and start creating a new wave. Since it can create a continuation wave of the existing wave, you can refer to the trend line drawn using the StochRSI indicator mentioned above. - As explained in the previous idea, if it rises above 61099.25, the next support and resistance zone is 63118.62-64000.0. - You should draw support and resistance lines in advance before starting a transaction. Otherwise, if you draw support and resistance lines after starting a transaction, your psychological state will begin to be reflected, making it difficult to draw important support and resistance lines, so you should avoid it. To prevent this, we created a support and resistance point display using auxiliary indicators. If you use this, I think you can exclude many psychological factors when drawing support and resistance lines even after starting a transaction. - Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCrypto113
looking for short 66666.depending on market structure flip or swing failure patern at demand zone, this is also a point of controle looking to short at orderblock (red)Shortby bikdiksmallpips112
btc bulish btc bulish we found bulish divergence on chart so we will wait till higher high breakout for better entry. Longby parmarayaan06114
Further continuation?I think it can either directly go for this area of green liquidity here or it may retrace a bit first but price has accumulated for a while here with momentum, there are probably enough shorts during this accumulation to continue up and if they do want to do a steep correction within 90 days or so, they would want to move up and change the narrative to bull before they did bring it down. I have up for a while and the MM making a point to have speculators turn bull here with severe moves up. Longby MichaelWallat114
#BITCOIN BREAKS OUT⟶SUSTAINED GROWTH AND NEW ALL-TIME HIGHS?!🌟My analysis is that the future of #Bitcoin looks very exciting. Several big analysts and experts are working on this issue, and each of them says something different. Some, like Peter Brandt, think #Bitcoin might go down a little more, but others like Axel Adler are hopeful that its price will go up a lot. 🌟On the other hand, big companies like MicroStrategy are buying #Bitcoin. This means that experienced and wealthy people think Bitcoin has a good future. The way Erik Voorhees and Max Keiser see it, Bitcoin can be a good alternative to the dollar and its value can increase significantly. 🌟But there are also some things to pay attention to. For example, the Relative Strength Index of #Bitcoin shows that its price may rise very quickly and then fall suddenly. This means that the #Bitcoin market is still very volatile and we need to be careful. 👀Let's take a look at the chart and see what it tells us👇👇 💎Daily #Bitcoin Analysis 🤯Yesterday's surge (September 13th) propelled #Bitcoin above its most significant resistance level at 57,877.90. This breakthrough significantly enhances the likelihood of further bullish momentum🚀🚀🚀 🎯✅Having breached this resistance, #Bitcoin is poised to extend its rally within its expanded structure, targeting: 🚀Target 1: 62,577.59-63,002.85 🚀🚀Target 2: 66,755.85 🚀🚀🚀Target 3: 74,537.70 👉Please note that these targets are precise, not approximate ❌Stop-Loss for the Bullish Scenario and Potential Temporary Dip: 🔴If the 57,877.90 support level is breached on the daily timeframe before reaching the subsequent bull-targets, #Bitcoin may enter a temporary bearish phase, potentially retesting the following support levels: 🔻51,676.75-52,489.40 🔻🔻48,483.55-50,096.10 💎🚀These support levels are sufficiently robust to potentially reinitiate an bull-trend. ❌❌However, if a weekly candle closes below 49,000 due to a bearish move, #Bitcoin could enter a deeper and more prolonged bearish phase. In such a scenario, a long-term analysis update will be provided🔄 .................................. 💎#Bitcoin Analysis: ⏱1-Hour Timeframe 📈📉To encapsulate #Bitcoin's recent bullish momentum within a structured framework, we can overlay both a smaller and a larger bullish channel (refer to the attached chart). 🚀These channels serve as guiding lines for the bull-trend, providing a solid foundation for crafting growth scenarios👇 ✅✅Strong Growth Scenario: As long as #Bitcoin remains confined within the smaller (more recent) bullish channel, there is a high probability of continued bullish movement with strong momentum. 🚀The support levels within this channel act as potential launchpads for renewed growth toward our primary price targets. These support levels include: the mid-line of this channel, the mid-line of the larger bullish channel, the daily support level at 59585.21, and the channel's lower boundary!! ✅Moderate Growth Scenario: A breakout below the smaller channel could lead to a retest of the larger channel's low. This low, which aligns with the static support range of 57877.90-58545.41, represents a second and final opportunity to halt the decline and initiate a new upward leg toward our price targets!! 🔻Bearish Scenario: A breakout below the larger channel on the 4-hour timeframe, coupled with the activation of our daily stop-loss, would signal a temporary bearish phase. ⚠️Please note that this analysis represents my personal opinion and should not be solely relied upon for decision-making🙏❤️Longby Eldorado_Land20
Trading Signal For Bitcoin Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin (1h) (futures) Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 58940.0 ⭕️SL @ 59980.0 🔵TP1 @ 56160.0 🔵TP2 @ 54317.0 🔵TP3 @ 51670.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments.Shortby pullbacksignal1110
BTC buy in 58200 and exisit at 59000Referring to te chart, there is buy in signal for BTC for short term, and left the long at 59000.Longby steve8lily112
BTC Bitcoin is more likely to trend upward this week. However, keep an eye on the $60,000 resistance level. If it breaks through, the upward movement could be strong, but failure to break could result in consolidation or slight pullbacks. Tradingview - BTC Ins - GoldLongby SUNNNNNNY333111
Bitcoin (BTC): Price In Fakeout Zone / Possible Fall IncomingOn a smaller timeframe, we had a nice push towards the fakeout zone and now we are seeing some kind of weakness already, which is indicating a possible further movement. We are waiting for price to go below EMAs for another attempt at further movement to lower zones here! Swallow Team Shortby SwallowPremium114
BTCUSDT Middle of rectangle patternIt’s going up till under 64275 then going down till 54585 and another buying opportunity in begging of October. but if candle stick breaks 53071 then price just falling down.Shortby FXJ777112
Basic example of starting a trade Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- This is an example of starting a trade, explaining that you should objectively define the basics that are right for you. Therefore, I hope that this will be an opportunity to reexamine your trading judgment criteria rather than judging it as right or wrong. ----------------------------------------- It is showing a downward trend without breaking through the sell line of the superTrend indicator. Accordingly, the key is whether it can receive support near the M-Signal indicator (approximately 59953.52) on the 1W chart and rise above 60672.0-61099.25. If not, you should check whether it is supported near the MS-Signal (M-Signal on the 1D chart). Therefore, 1st: 59053.55 2nd: 57889.10 You should check whether it is supported near the 1st and 2nd above. - Usually, there are many cases where you trade impulsively based on your psychological state. To prevent this, it is good to have an objective trading method according to your investment style. This objectification is best done at the support and resistance points drawn on the 1M, 1W, and 1D charts. Therefore, it is good to trade based on whether it is supported near 59053.55 or 60720.0-61099.25. However, judging whether it is supported only by sight can lead to an incorrect judgment depending on psychological factors that occur during trading, so it is good to have objective information as the basis for judgment. It refers to indicators added to the chart as objective information. The MS-Signal indicator is used as a trend-related indicator, which is the M-Signal indicator of the 1M, 1W, and 1D charts. As a trading-related indicator, the HA-Low, HA-High indicators and their corresponding box sections, superTend, and volume profile are used. As a trading-related reference auxiliary indicator, the BW indicator and StochRSI indicator are used. - If we explain the current movement by referring to these indicators, - The superTrend indicator, which is passing around 60672.0-61099.25, has failed to rise above the sell line, - It is showing a downward trend below the M-Signal indicator of the 1W chart, - The StochRSI indicator is showing a trend of changing from an upward to a downward slope in the overbought section. However, since the StochRSI indicator has not yet fallen from the overbought zone and is not in a state where StochRSI < StochRSI EMA, it is difficult to see it as a downward turn. Therefore, an aggressive sell (SHORT) is possible between the M-Signal indicator of the 1W chart and the 60672.0-61099.25 range. Afterwards, when the StochRSI indicator falls from the overbought zone and becomes a state where StochRSI < StochRSI EMA, if it shows resistance near 59053.55 or the MS-Signal (M-Signal on the 1D chart) indicator, you can sell (SHORT). If it is supported at the point mentioned above, you can buy (LONG). However, it is recommended to check whether the state has been changed to StochRSI > StochRSI EMA. If not, it can pretend to rise and fall right away. - Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- Educationby readCrypto115
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k. Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond. From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high. This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week. Spotted at 60k area. TAYOR. Longby JSALUpdated 6679
BTC: Discovery of a Structure Currently, there is a "Disjointed Channel" in Bitcoin. The upper and lower bounds of this channel align perfectly, which is quite rare. I believe this makes the structure highly reliable. Please keep in mind that if Bitcoin rises and touches the upper boundary of this "Disjointed Channel", resistance may form. This is not a buy or sell recommendation. It reflects a personal viewpoint and is intended for reference only. All decisions and responsibilities lie solely with you. Longby Killer_Whales31
Bitcoin again BTCUSD buy side again I only preferred buy side only 1:2 RR Longby DNA_traderofficials221
Long trade BTC/USDT trade on Friday, September 13, 2024, Trade Setup: Entry Price: 60,308.3 USDT Profit Level: 60,964.4 USDT (+1.09%) Stop Level: 60,293.3 USDT (-0.02%) Risk-Reward Ratio (RR): 43.74 Key Level: The entry at 60,308.3 USDT is close to the psychologically important 60,000 USDT level, often a strong support/resistance zone in Bitcoin trading. If BTC holds above this level, it reinforces the bullish sentiment. Longby davidjulien369Updated 441
Analysis Before FED News >>#BITCOIN #Jeromne Powell Hello trader's here is you analysis before fed news comming so watch the level carefully and trade accordingly So follow me and like for next updates. >>" Tradewithvikashsir "Longby vikashsharmaxz442
#BTC/USDT #BTC The price broke the descending channel on the 4-hour frame upwards but the broken channel is expected to be retested Also, the 100 moving average is broken again We have an uptrend on the RSI that is expected to be broken We have a support area at the lower limit of the channel at 57700 Entry price 59700 Target 57980Shortby CryptoAnalystSignalUpdated 111
Sep 19, 2024 Short term bitcoin analysisBitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has broken up through resistance at points 61400. This predicts a further rise. In case of negative reactions, there will now be support at points 61400. The currency is assessed as technically positive for the short term.by A-Alsaedi220