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Bitcoinanalysis

Run it back Turbo! besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc. the probability that we have bottomed out is in my opinion quite high from what i see and feel. so here i drew some trendlines and a fib circle the Ellipses are equal size (copy/paste) they seem dancing around the following fib circles coloured RED. 1st = 1.618, 2nd = 4.618, 3rd = 6.618 i speculate the upcoming 4th = 8.618 added the past halving dates and upcoming 4th halving aprox early Q1 2024 of course this is not financial advise but an idea exploring visible patterns and possible target zones. let me know your thoughts.
BITSTAMP:BTCUSDLong
by Candle_Styx
BITCOIN - Weekly Outlook 13/02/24'Hello everyone, hope you guys doing great. So those who follow know, that my close monitoring and breaking down chart payed off... Since we was able to recognize that probabilities of reverse shifting and favouring Upside price targets when Price was refusing to go lower under price level I ment in last updates.. So hope everyone bagged some profits already, and if not, its still great time to do right now as we sits just around 50k which is GREAT price for some profit taking for several reason, more about why you can find inside ↓↓↓ ... As for WHAT Im doing RIGHT NOW - is that I closly follow lower time frame charts 5min/15min and 1h... Since Im of opinion that we rallied A LOT already and is Tuesday, which following my data shows as a day with the MOST Liquidity reverses (meaning, we go for Sellside liquidity).. So with that in mind and aswell upcomin US CPI numbers Im alerted that there is highier chance of revisiting Lower prices then sustained rallie on upside.. BUT!! even in this scenario Im thinking that is still possible that price can rallie a bit highier (51k to 51,8k max.) BEFORE reversing... at least for this WEEK! -- In simple terms, I think we can rallie today up to 51,8k MAX! as a possibility, but Its Low% chance BUT if its happend, IT WILL BE GREAT SHORT ENTRY PRICE for me! -- --- IN THE SAME TIME - I think we are in GREAT SHORT PRICE entry RIGHT NOW, since, we already rallied a LOT, and above ment price is only 2% max.3% highier.. and since its possible we dont get that PERFECT entry area around 51k... it would be SMART to follow lower time frames as I ment, and entry "smaller" position In correct time, before building that short trade more --- Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰🏃‍♂️After breaking the 🔴 Resistance zone($44,700-$41,780) 🔴, Bitcoin has reached the top of the Ascending Channel with the help of the Symmetrical Triangle Pattern . 🏃‍♂️Bitcoin is also currently moving near the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡. 🌊In terms of Elliott wave theory , Bitcoin seems to be. It has completed wave 3 at the top of the ascending channel and is completing wave 4 . 🔔I expect wave 4 to end near the broken 🔴 Resistance zone($44,700-$41,780) 🔴 and Bitcoin will start to rise again to the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡. ❗️⚠️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.
Long
by pejman_zwin
76
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃‍♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line . 🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves . ✅Bitcoin broke the Uptrend line . 🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon. ❗️⚠️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
43
Bitcoin- Consolidation with bearish implicationsAfter the recent dip to the 38k zone two weeks ago, BITSTAMP:BTCUSD began to rise and reached the 44k resistance level. However, the upward movement appears to be corrective in nature, and the consolidation over the past week suggests bearish implications, raising the possibility of a lower high forming at 44k. The short-term support is situated around the 42k zone, and a break below this support could trigger a new downward movement. As long as the resistance at 44,000-44,500 remains intact, my focus remains on a drop towards the 36k zone.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
13
BTC - Bitcoin Falling to $32,000! Or Will It Fall Lower?Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long? How do we trade this? 🤔 My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This analysis called for a short to just above the trading range support at $38,350: That short has come and gone, there is not enough area left to short without placing too much initial risk on the trade. It is still reasonable to short on lower timeframes like the 5m and 15m chart, but not the 4HR and Daily as we're doing here. We should be looking for long entries in the Trading Range zone between $31,800 and $37,500, right at the Daily 200EMA support. If we find a strong bull signal and confirmation candles following that support area, we should enter at least a 1:2 Risk/Reward Ratio long with a position size near our maximum, as justified by these data points and the macro bull trend. Stop loss should be placed below the Trading Range at $34,300. It's reasonable to take half profits at 1:1 Risk/Reward around $38,900, move the stop loss to your entry price to lock in profits, and then swing the rest of the position to at least $41,200. 💡 Trade Idea 💡 Long Entry: $36,600 🟥 Stop Loss: $34,300 ✅ Take Profit #1: $38,900 ✅ Take Profit #2: $41,200 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Measured Move completed followed by strong sell signal and confirmation bars 2. Two legs into a pullback with a gap to fill to the Daily 200EMA 3. Look for Support to long in the Trading Range near the Daily 200EMA 4. RSI at 38.00 and below the Moving Average, supports the continued to fall to the Trading Range 5. Once a strong signal and confirmation bull bars close above the Daily 200EMA, it's reasonable to long at 1:2 Risk/Reward 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ 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 is Ready to Fall Again🚨👋Hi, I hope you had a great weekend. ✅ As I expected , Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢 . 🏃‍♂️Bitcoin is moving in the 🔴 Resistance Zone($44,700-$41,780) 🔴. 📈Regarding Classic Technical Analysis , it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing the wave 5. 🌊The end of wave 5 can continue to a maximum of around $44,800 . 🔔I expect that Bitcoin will FALL at least to the 🟢 Support zone($40,600-$40,280) 🟢 after the completion of wave 5, after breaking the Support line , and in the next step, it can also fill the 🔵 CME Gap($39,700-$39,850) 🔵. ❗️⚠️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
89
BITCOIN FED Meeting Aftermath 01/02/24'Hi again... As I ment in into, I think this FED meeting was kinda good lead what to expect next, especially because J.Powell insight, since he run the show. To understand better my Idea whats going on, I try to break Weekly time frame into Daily chart posted under.. _________________________________________________________________________________ So, in my understanding all what every Asset does, is Run between certain Liquidity targets and in right Time it displace. This process is repeated endleslly.. When we Check our bigger time frames Week+ , Its clearly to see that we extended to Highier prices due to many factors and if History is any indication we always should expect Run BOTH sides of liquidity before next displacement... Meaning, since we go too much extended on Buyside in 2023, there is left huge amount Sellside liquidity which will be aimed at some Time point, it is just not 100% clear if its gonna unfold NOW!.. ________________________________________________________________________________ So when we move down, from Weekly to Daily chart, its easy to SEE, HOW we Runned between these TWO RED lines for a LOT of time.. and occasionally it moved above/bellow to take that liquidity... NOW - Most imporstant for ME, is YESTERDAY reaction, where we rallied close to 44k as expected possible scenario, and then we REVERSED, to lower 42k where we at RIGHT NOW. SO, as LONG as Price not RUN above YESTERDAY highs, and keep being there, I WOULD EXPECT WITH HIGH PROBABILITY that next Price liquidity range is BETWEEN GREEN lines... as soon as we reach this Liquidity, our outlook must be reevaluated once again! Aswell, since we still in after FED meeting pre-market, I would expect little bounce bellow yesterday highs, before real move lower start unfolding.. So be carefull into JUMPING Short straith away.. rather check Lower (15min/5min) time frame, for picking the Best entry oportunity with sound STOP LOSS in CASE asset decide to run highier... Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BITCOIN Weekly Outlook 29/01/24'Hello everyone, new week, new BITCOIN update. Hope everyone doing great! ____________________________________________________ This week should be lot of FUN, due to FED meeting at Wednesday, Im expecting increase in volatility so I suggest to everyone act accordingly. So as I ment in Last Update, there was increased chance of retracing back to Highier prices, due to expected News last week.. and we rallied aproximatly where I eyed between 44-42k$. In fact, we came back to almost exact Price, where I was firstly highly persuaded that we are in Great Odds for Short trade, thats why I suggested to use Trailing Stop Loss, to bag some of profits while we benefit from them. So everyone who did, good job guys. So, as for RIGHT NOW , I think, we came back to great SHORT area, BUT we need to remember, that there is still potentional of going to Highier prices (44k$ area). We cant forget that! So if you decide to Short market, YOU HAVE TO USE STOP LOSS!!! Especially, when there is most likly volatility spike coming, due to FED meeting mid-week.. So, IF I was opening Short right now, I would check Lower timeframes (15minutes/5min), to found Price where STOP LOSS WILL BE!! Reason behind that is, IF I expect Market to going Lower before Meeting is done, THEN price SHOULD NOT going back highier about price I picked. PRICE I would choose right now is around 42599,99$ .. which is around 1% from where Price is Right Now, and its Representing area around Weekend Highs.. and so IF we expecting Start of Week to going Lower, this Price range SHOULD NOT BE TOUCHED... IF IT IS, there is possibility of going to Highier price ment earlier.. So STOP LOSS protect us from unnecessarly damage and we can adjust with NEW trade in CORRECT time LATER! So again, BE CAREFULL with opening new trade right now, it can start moving real quick. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
🗺️Bitcoin Roadmap🗺️⏰(1-hour time frame)⏰🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop . 🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves . 💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys . 🔔I expect Bitcoin to go UP in the coming hours and break the 🔴 Resistance Zone($42,200-$41,780) 🔴 in front of it, and have a minimal increase until the end of wave 4 . ❗️⚠️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
100
Bitcoin Ready to Increase 🚀➕10%🚀↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ). ✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you. 🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the Expanding Ending Diagonal , and it seems that Bitcoin has already started corrective waves . 🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel. 🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵 CME Gap($40,325-$39,290) 🔵 and then rebounds( ➕10% ) to around $43,500 . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
18
BITCOIN mid week Update - 24/01/24Hello everyone, Im back with just quick update to Monday pre-Market idea __________________________________________________ So, as expected we went lower really close to our Sellside t1. Price didnt touch our t1 box, but if you trade with Trailing Take Profit, you should be taking some profit-% off the table at this point. Today and Tommorow, there should be volatility coming so I would be very carefull about Opening NEW trades. Remember, ITS NOT SHAME TO NOT BE IN TRADE! Its always better to wait for setup which is favourable FOR YOU! At this MOMENT, Im observing price on lower time frames to decide if there is highier possibility of REVERSING on Daily time frame... So we possible could run up to 42-44k$ IF news later today favour that move... OR we can not work above smaller time frame Buyside liquidity targets, and we keep going LOWER as we was expecting... In my opinion, RIGHT NOW, is very hard to make CALL if we go lower/highier TODAY, since we already went LOW enought on weekly basis without any liquidity drivers, so there is good chance for swept on other side. Thats why I suggest to be VERY CAREFULL and if you decide participate before news, you should use tight STOP LOSS for your own good. I'll make next update when I will be more certain about which way we keep moving further. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTC PULLBACK Currently experiencing a 12-month BEARISH Stophunt on BTC. This pullback is apparently due to Greyscale selling its BTC shares I see we will AT LEAST drop down to 40k, but lower is more than likely necessary for capitulation and a move higher. I see approx areas of support being 39K,35k,32k,30k,26k Anything is possible. I personally would love another OPP to accumulate Alts and as much as possible before the BTC halving event. THANKS FOR YOUR TIME!! FOLLOW AND SHARE FOR MORE! NOT FINANCIAL ADVICE, JUST MY 2CENTS!
COINBASE:BTCUSD
by Cosmicbag
BTC → Bitcoin Blasts Through Resistance Then Falls Down. Short?Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short? How do we trade this?  🤔 To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend trade: Measured Move Complete, Strong sell signal above key resistance area, RSI below the moving average around 50.00 with room to fall. I frequently reference the 4HR chart when trading the Daily timeframe. As you can see in the chart below, the 200EMA on the 4HR chart overlaps with the 30EMA on the Daily chart. Using that same point of reference as a key support level, we can look for a close below the 4HR 200EMA to justify our short. That also allows us to get an earlier entry into the position: Once we get that candle, we can justify a short scalp to the previous trading range/measured move mid-support at a 1:1 Risk/Reward Ratio. 💡  Trade Idea  💡 Short Entry: $42,650 🟥 Stop Loss: $46,950 ✅ Take Profit: $38,350 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Measured Move Completed Into Key Resistance Area. 2. Strong Sell Signal Above Measured Move Resistance. 3. Strong Sell bar falling to 30EMA 4. Wait for Daily Candle to Close below 30EMA. 5. RSI at 50.00 and below Moving Average. 💰  Trading Tip  💰 There is over a 60% chance of a measured move after the breakout of major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout. ⚠️  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 comment if you found this analysis useful!
INDEX:BTCUSDShort
by TraderEngineering
1
Warning! Bitcoin could correct further; even to 36kThe eagerly anticipated ETF has finally arrived, and as anticipated by many, its approval was followed by a correction. After reaching a peak of $49,000, BITSTAMP:BTCUSD experienced a decline to a low of $41,500 yesterday, marking a 20% correction overall. The question now arises: is the correction complete? In my view, Bitcoin could potentially undergo further correction. From a strictly technical standpoint, BtcUsd continues to exhibit a robust upward trend. However, despite the 41,500 support holding steady over the past month and a half, any surges above $44,000 were consistently met with selling pressure. The recent ascent beyond $45,000, which was, in fact, a false breakout, contributes to the likelihood of a more extended correction scenario. In summary, unless the price stabilizes above $45,000, the possibility of additional losses remains high. Sustained selling below the $41,500 zone could potentially lead to a drop to the $36,000 zone.
BITSTAMP:BTCUSD
by Mihai_Iacob
4
What is the next move of Bitcoin?Based on our analysis, the red box is a very strong supply and is related to the above timeframes. We expect to have rejects from this area to the 35K to 36K channel. This movement may take some time, but we should note that the price receives a lot of sell orders from the red box We have already predicted the recent Bitcoin pump. Refer to the related analysis section of this analysis below For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
4
Bitcoin can go UP by Descending Broadening Wedge Pattern🚀✅Bitcoin started to pump after the approval of ETFs by the SEC , but the technical analysis zones are still working, and I showed you all the movements of Bitcoin in the previous post . 🏃‍♂️Currently, Bitcoin is still moving in the 🔴Heavy Resistance Zone($52,100-$45,800)🔴 and the bottom of the ascending channel , but I expect Bitcoin to make another temporary rally . 🚀It seems that the formation of a Descending Broadening Wedge Pattern can be a sign of the increase of Bitcoin. 🔔I expect Bitcoin to go UP to at least the 🎯 zone 🎯 it indicated on the chart after breaking the upper line of the wedge pattern . ❗️⚠️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.
Long
by pejman_zwin
13