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Bitcoinanalysis

🚨Bitcoin Is Ready to Fall🚨🏃‍♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances). 💡Another sign that we can point to Bitcoin correction is the formation of the Head and Shoulders Pattern . 🔔I expect Bitcoin to fall at least to my Pitchfork lines on the chart. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
59
BTCUSDT.2HThis Bitcoin (BTC) chart against the US Dollar (Tether, USDT) on the 2-hour time frame provides a rich set of data for a technical analysis perspective: Ichimoku Cloud: Price is currently below the Ichimoku Cloud, which typically suggests a bearish trend. The cloud acts as a dynamic resistance area. Resistance Levels (R1, R2, R3): The chart shows multiple resistance levels. The closest one, R1, is significantly above the current price, indicating that there might be a strong move required for the price to reach these levels again. Support Levels (S1, S2): There are also two support levels identified. S1 is a short distance below the current price, indicating a potential area where the price might find support if it continues to decline. RSI (Relative Strength Index): The RSI is hovering around 45, which is somewhat neutral. It indicates there's neither a strong buying nor selling pressure currently driving the market. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram bars are red and growing, which points to increasing bearish momentum. Volume: The bars below the price chart depict trading volume, and a mix of red and green suggests a battle between buyers and sellers with no clear winner at the moment. Conclusion: The market sentiment for BTC/USDT, based on this chart, seems to be leaning toward the bearish side, as indicated by the price being below the Ichimoku Cloud and the MACD showing a bearish crossover. The RSI's neutral stance suggests that there could be potential for either direction, but current indicators lean more towards a bearish trend. If considering trading based on this chart, it might be prudent to watch for potential bounces off the support levels for buying opportunities or breaks below support as a signal for potential short positions. The resistance levels serve as targets for any bullish reversals or as potential exit points for short positions. However, a trader should use additional confirmation from other indicators, news, or market sentiments before making any trading decisions. Always remember to set appropriate risk management measures like stop losses, especially in the volatile cryptocurrency market.
by MarsSignals
2
Bitcoin Increase in the Coming Hours🧐🏃‍♂️Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($63,000-$61,800) 🟡,the lower line of the descending channel and 🟡 Time Reversal Zone(TRZ) 🟡. 🔔I expect Bitcoin to temporarily rise to at least the upper line of the descending channel and then the 🔴 Resistance zone($70,600-$68,400) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
46
Bitcoin - On the way to 200,000?To what level can Bitcoin rise? There is an analyst that I respect a lot, from Standard Chartered, who has considered the most likely target for Bitcoin's rise, the price of 200,000. I am more of a chart person, and we are going to go level by level, seeing the evolution of the price on the chart. Financial advisors who have recommended their clients invest in cash Bitcoin ETFs have advised them to allocate 3.5% of their financial assets. It strikes me that the group of financial advisors who have made this investment recommendation to their clients is a small group. Institutions have not yet entered Bitcoin spot ETFs in large volume, because they have not had time to decide, and they will most likely do so now once a correction has begun. So there is money waiting to flow into spot Bitcoin ETFs. In such a way, that analyst's forecast can be fulfilled. Now, I prefer to look at the chart. What are we seeing in the short term? The day before yesterday, there was less money coming into the spot Bitcoin ETFs, and yesterday we had net outflows by funds from the spot Bitcoin ETFs. What does this reveal? It reveals that the bubble of optimism of people who believed that there were not going to be enough bitcoins for everyone is being punctured. We see that desire to buy Bitcoin has been reduced. And what do we see on the chart? The medium and long-term trend continues to be bullish, and what we are witnessing is a correction. It is an orderly, logical and normal correction. There is a bearish channel, and I have established first resistance at the 68.123 zone. In the short term, we are going to consider as the most likely scenario that Bitcoin continues to fall to that support zone that is around 61.000 And when it reaches that zone, or when we see some type of exhaustion pattern, we will think about whether it has made a bottom and can deploy another leg upwards. Guys, what do you think? Leave a comment with your thoughts.
BITSTAMP:BTCUSDLong
by tradingconmike
4
Should Bitcoin Bulls Be Concerned?In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days. However, following a brief test around 74k, the price began to decline and fell back below 70k. Now, a crucial question emerges: Is this a change in the bullish trend? In my view, it is not. Even though the current price of BTC sits at 65k, I interpret this as a normal correction rather than a reversal of the trend. Technically, the situation appears clear and uncomplicated: the trend remains strongly bullish. Even if the price were to drop to the 60-61k zone, I believe there should be no cause for concern, rather a good opportunity to buy. This zone represents a convergence of factors: the trendline, a horizontal level established after the initial ATH, and a psychological level. In conclusion, what we are witnessing is a typical correction. Even a drop to 60k, constituting a 20% decrease, should not unsettle anyone, given the robust bullish trajectory observed since November 2023. Best of luck! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
18
Bitcoin Cup and Handle?Owhooooo! This weekly chart has me howling for the moon! It seems like the Bullish Cypher is still playing out, and the giant Cup and Handle formation could be in play. If we do see a pullback, I think this would fit nicely into the overall continuation of the Bullish Cypher trend. So I'll be looking for this pullback to form the handle, and my own personal strategy is to use this (if it happens) to accumulate MORE Bitcoin. I'll be hiding in the bushes and waiting to see how this plays out. What do you think will happen?
BINANCE:BTCUSD
by Akamer-the-Werewolf
Bitcoin Broke New High – The Real Reasons Behind ItThe relationship between inflation and Bitcoin - they moves in tandem together, in the same direction. We saw Bitcoin has broken above its 2021 high, and it is likely to continue this trend. Many attribute the reason behind this rally to the approval of Bitcoin ETF by SEC in January of this year. While this approval serves an incentive, the core reason for this rally is the resilience of US inflation, meaning the inflation is still pretty stubborn, not coming down to the 2% target. Micro Bitcoin Futures & Options Ticker: MBT Minimum fluctuation: $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:BTC1!Education
by konhow
3
Bitcoin will Fall after🚨Bull Trap🚨🏃‍♂️Bitcoin is moving in the 🔴 Resistance zone($69,000_$65,000) 🔴. 📈From the point of view of Classic Technical Analysis , it seems that a Rising Wedge Pattern has been formed, although, at the same time, we seem to have witnessed a Bull Trap , and this Bull Trap caused a new All-Time High(ATH=$69,990) to be created for Bitcoin. 📚What is the 🐮Bull Trap🐮❗️❓ 🔸 After a minimal rise, the bull trap forms when analysts and traders expect the price to move upward, so traders open their long positions, hoping for the price to go up. However, that’s not the case. The price goes down, trapping those traders who thought otherwise. 🔸In this case, traders without correct stop losses suffer heavy losses. They are the so-called bull trap fallen. 🔔I expect Bitcoin to fall to at least one of the Fibonacci levels( after completing the pullback to the lower line of the Rising Wedge Pattern . ❗️⚠️Note⚠️❗️: If Bitcoin makes a new ATH again, the analysis will be failed. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
88
After the New ATH of Bitcoin, what should we expect (Reasons)❗️❓😱Today, a new All-Time High(ATH) was created in most of the exchanges . Perhaps the movement of Bitcoin last week surprised many people, and many did not expect Bitcoin to touch All-Time High(ATH) before the new Halving . But it was expected that Bitcoin would react near the previous All-Time High(ATH), and the same happened. There are many reasons why Bitcoin should be corrected ( Fear and Greed index, Open Interest value, etc.). 💡 Bitcoin has started to decline from the 🔴 Resistance zone($69,000_$65,000) 🔴 and has managed to break the Uptrend line . 🌊According to the theory of Elliot waves , the end of wave 5 was in the 🔴 Resistance zone($69,000_$65,000) 🔴 , and we should expect correction waves ; one sign of the beginning of correction waves is the breaking of the Uptrend line . Another sign is the Regular Divergence(RD-) between two Consecutive Peaks. 💡One of the other charts that can help us confirm the Bitcoin correction is the Market Cap USDT Dominance% (USDT.D%) chart. 💡 USDT.D% after breaking the Support line and the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 caused the cryptocurrency market to increase significantly in these weeks. 💡Currently, USDT.D% is in 🟡 Potential Reversal Zone(PRZ) 🟡and near Support lines and has also touched the 🎯Symmetric Triangle Target🎯 . I expect USDT.D% to rise to at least one Fibonacci level .👇 🔔I expect Bitcoin to start going down again after possibly playing around $61,500 for a while and at least down to the Support line and 🟡 Potential Reversal Zone(PRZ) 🟡. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
22
Bitcoin could continue its ascent to 67Last week was quite eventful for $BITSTAMP:BTCUSD. After breaking out of the two-week-long rectangle consolidation, the price surged, increasing by $10,000 in just a few days, or more notably, around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive aspect for bulls is that this consolidation is forming a symmetrical triangle, which typically indicates a continuation pattern. The target for this pattern is the 67k zone. In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
15
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰😱Bitcoin surprised everyone in the last two days ( without any correction ) and increased by more than ➕25% . One of the biggest drivers of Bitcoin to increase again was MicroStrategy . 🏃‍♂️Bitcoin is currently moving at the 🟡 Potential Reversal Zone(PRZ) ($65,120_$56,300) 🟡and the Resistance line (we also saw the 🐮 Bull Trap 🐮). 🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 5 . 💡In general, the distance between the Price of Bitcoin and the SMA(100) has increased, and the correction can probably continue until the SMA(100) . 🏃‍♂️ Market Cap BTC Dominance% (BTC.D%) has entered the 🟡 Potential Reversal Zone(PRZ) 🟡, and I expect a correction to the Support line .👇 🔔I expect Bitcoin to decline to the 🟢 Support zone($57,580-$56,320) 🟢 and then attack the Support line . ❗️⚠️Note⚠️❗️ : So far, Bitcoin has not touched its All-Time High(ATH) before halving. Can Bitcoin touch $69,000 before Halving ❗️❓ ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
18
BTC → Bitcoin Near Resistance! Should We Short? Let's Answer.Bitcoin is in a critical price zone as this bull run has taken us from $15,500 to $52,800. Is this a situation where we short? Or do we prepare for a long? How do we trade this? 🤔 Shorting may be an option for a lower timeframe such as the 15m or 1HR. I would not be shorting on the Daily or Weekly candles, but waiting for the price to pull back to enter a long. As outlined in my Bitcoin Lifetime Analysis, I believe Bitcoin is due for a major pullback ranging from 30-50% toward the $25,000-$30,000 price area: I would target a long entry in the $35,000 price area, set a stop loss either below the $15,500 low and target a 1:3 Risk/Reward, or a stop loss below the previous trading range at $25,000. Look for a double bottom around the Breakout Support area at $31,800 with a strong bull signal and confirmation bars. From there, reasonable take profit targets include 1:1 Risk/Reward at $42,300, just below the current price at $51,000, just below the previous all-time high at $65,000, and just below $100,000 which is a psychologically even number target. 💡 Trade Idea 💡 Long Entry: $35,575.00 🟥 Stop Loss: $22,900.00 ✅ Take Profit #1: $42,300 ✅ Take Profit #2: $65,000 ✅ Take Profit #3: $98,000 ⚖️ Risk/Reward Ratio: 1:5 🔑 Key Takeaways 🔑 1. Three pushes up toward a Resistance Area of $52,800 2. Resistance area is derived from the 2021 Head and Shoulders pattern 3. Wait for the price to pullback between 30-50%, and look for a double-bottom reversal pattern near $35,000 4. Long at 1:5 risk reward and take profit at three key levels 5. RSI is overbought at 78.00 which supports the pullback. 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
INDEX:BTCUSDLong
by TraderEngineering
Bitcoin Prehalving TOPHello folks , hope you having exciting days . Last TA worked properly but i was expecting more than 20% dump , although i told you we are in a unpredictable situation and we wont sell we just wait for a buy situation , nothing can force me to fall for any traps tho . Red area is the prehalving top in my idea , usdt.D can goes down a bit but its on a strong support which will hold and its RSI is ridiculous. For some other reasons i think that BTC is on its top and will fall to approximately 0.5 to 0.61 fib levels wich are my previous targets , it will be sharp and it’ll cut so be careful, as i say its not a smart time to sell so I would be prepared to buy only , be careful about altcoins as btc.d is on strong support and any dump will smash alts . Stay safe fam .
BITSTAMP:BTCUSD
by mastershark
2
BUY MORE BITCOIN !!!HELLO TRADERS BTCUSD is trading above the 50K$ which is sign just the continuation of the new bull run in the Crypto World Technology is going to change the World Ecosystem we are buying #BTC from since it was break 22K$ Zone and looking for new higher high in this year Friends this week FOMC meeting can create volatility in the markets so always try to get lower low entry for a new bull run its just starting BTC will hit 60k$ incoming days Friends its just an trade idea share your thoughts with we appreciate Ur love and support STAY TUNED for more updates
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
2
🚧Bitcoin can GO DOWN by Rising Wedge Pattern🚧✅Bitcoin has managed to form a Rising Wedge Pattern near the 🔴 Resistance zone($52,820-$52,460) 🔴. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the Support line , I expect Bitcoin to go Down to at least the 🟢 Support zone($50,840-$50,200) 🟢 in the next hour. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
37
Expanding Ending Diagonal Can Cause a Correction in Bitcoin🧐👋Hi everyone. 🚀Bitcoin continued its upward trend after a series of News and Joe Biden's strange Tweet (red eyes). 🏃‍♂️Bitcoin is moving near the upper reaches of the 🔴 Heavy Resistance zone($53,000-$47,000) 🔴, Resistance lines , and 🟡 Potential Reversal Zone(PRZ)($52,700-$51,780) 🟡. 🌊According to the Elliott wave theory, it seems that Bitcoin has chosen the Expanding Ending Diagonal Pattern to complete the fifth wave ( As long as Bitcoin cannot break the 🔴Heavy Resistance zone($53,000-$47,000)🔴, this wave count is valid. ). 📚The Expanding Ending Diagonal Pattern ( Elliot's point of view) is the same as the Ascending Broadening Wedge Pattern ( Classical Analysis point of view). ❗️⚠️Note⚠️❗️: If Bitcoin can touch $53,700, some corrective scenarios will expire, and we can expect Bitcoin to continue its upward trend to $56,000 in the coming days. 🔔I expect Bitcoin to go down to at least $50,000 , where the most volume trading has happened around this price in the past few days, and if Bitcoin can create a candle below $50,000 in the 4-hour time frame , we can expect a lower line of Expanding Ending Diagonal Pattern will break, and Bitcoin will fall even to the 🟢 Support zone($49,000-$47,000) 🟢. 📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios in which you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario. ❤️In the end, here is some advice for you as a little brother: 🔸TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and NOT waste our time on destruction or ugly comments. 🔸If you have any comments, please share them with respect . 🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself. 🔸I hope we can use TradingView to increase our capital and knowledge . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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 gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
54