BTC Fake Pump Into Complete CollapseBitcoin Pumped to 30K yesterday.we expected it but not like this.it grabbed all the liquidity to the topside and could collapse from here.Targets and S/R explained.Lower Time Frame shows weakness
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Bitcoinanalysis
₿itcoin is Ready to Fall again⏰(1-Hour)⏰✅₿itcoin started to grow as I expected in the previous post on the 1-hour time frame.
🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($27,600-$27,300) 🔴, Resistance lines , 🟡 Price Reversal Zones(PRZ) 🟡,🔵 100_EMA(Daily) 🔵 and Downtrend line .
🌊In terms of Elliott wave theory , Bitcoin seems to be completing the last wave of the Double Three Correction(WXY) .
🔔I expect Bitcoin to start going down again after hitting the Resistance lines and the 🟡 Price Reversal Zones(PRZ) 🟡.
🔔The first 🎯Target🎯 of Bitcoin can be a Support line .
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🌐➕ Positive News ➕🌐:
Ferrari to accept crypto for luxury car purchases: Reuters.
California Signs Crypto Bill Into Law.
Bloomberg Analyst Predicts Likelihood Of A Spot Bitcoin ETF By January 2024.
Legendary Investor Jim Rogers Warns Era of US Dollar Dominance Is Coming to an End.
US Government Has No Option Except Currency Debasement, and Bitcoin (BTC) Stands To Benefit: Bloomberg Analyst.
First Stage of Bitcoin Bull Market ‘Well and Truly Underway,’ Says Analyst Jason Pizzino – But There’s a Catch.
California Sets 2025 Start for Digital Asset Regulatory Framework.
🌐➖ Negative News ➖🌐:
Cryptocurrency Exchange Volume Report Released: Here’s How Binance, Coinbase, Bybit and 10 Other Exchanges Performed
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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.
Bitcoin Analyze(Road map)🗺️⏰(1-Hour)⏰👋 Hi everyone.
🙏 First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an 📚 Educational aspect 📚.
🏃♂️Bitcoin is moving in the 🟢Support zone($26,880-$26,500)🟢 near the 🟣 Yearly Pivot Point($26,737) 🟣, Support lines and 🔵 50_SMA(Daily) 🔵.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing its 5th wave with the help of the Expanding Ending Diagonal .
💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys .
🔔I expect Bitcoin to move towards the Resistance line and 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the Expanding Ending Diagonal .
❗️ Note ❗️: Below the 🟢Support zone($26,880-$26,500)🟢 , Bitcoin has a 🔵 CME Gap($26,400-$26,290) 🔵, which I don't think Bitcoin will fill this gap in this attack, but if this zone is filled, the scenario will change .
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🌐➕ Positive News ➕🌐:
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx.
Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain.
Bitcoin Lightning Network growth jumps 1,200% in 2 years.
Billionaire Paul Tudor Jones Still Likes Bitcoin Despite Price Drop.
Tether Continues To Flow Into Exchanges.
JPMorgan debuts tokenization platform, BlackRock among key clients: Report.
Crypto HODLers Stash Bitcoin Worth $1.35B Each Month, Onchain Data Show.
ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms.
🌐➖ Negative News ➖🌐:
Crypto exchange Bitstamp to end Canadian services in January
Jim Cramer thinks 'Mr. Bitcoin is about to go down big'
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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.
BITCOIN: Bearishness Before UpsideHowdy risks-taker!
I've had time to take a probing look at bitcoin this weekend and see what I think I found.
I do expect some large-scale bearish activity on bitcoin in the coming weeks. The pair looks anytime ready to plummet in any case. We've been struggling to keep any bullish steam and sellers are pretty much in control.
But make no mistake about it, the pair is inherently bullish in my view and the question is how long to keep going down before we see definite rallies?
For now, this is the idea I am interested to engage with until proven otherwise as we often are.
Bitcoin's Technical Landscape: On a CrossroadAs we transition from late 2022 to early 2023, Bitcoin's resounding bullish trajectory appears to be facing headwinds. A detailed technical analysis reveals subtle signs of waning momentum. Specifically, the last two peaks were marked with an RSI just marginally surpassing 70, indicating potential overbought conditions. Concurrently, the asset's price struggles to stay affixed above its 50-day moving average, a critical threshold for many traders.
A pivotal juncture lies at the $28,500 mark. Should Bitcoin descend below this level, it would act as a bearish cue. Subsequent potential support zones to monitor include $27,220, aligning with the 200-day moving average, followed by $25,000, resonating with the previous low and the March high. Notably, the $23,350 level stands out as it represents a significant volume node based on volume profile data.
However, should Bitcoin demonstrate resilience by upholding its medium-term upward trendline and reclaiming ground above the 50-day average, we could witness a consolidation phase, paving the path for a potential bullish resurgence.
⚠️Bitcoin will Go Down Again⏰(1-Hour)⏰⚠️👋Hi everyone, I hope that you have a great weekend.🥳
🌊It seems that the corrective structure of Bitcoin continues so that the Wave A had an Expanding Leading Diagonal structure, and in general, it seems that the corrective structure will be a Zigzag type(ABC/5-3-5) .
📚It is better to know that generally, on Saturdays and Sundays , Volume Trading is low , so there is a high probability that Bitcoin will move in the form of Range in the next two days and will make its main move at the beginning of next week.
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect Bitcoin to eventually break back below the 🟢 Support zone($27,920-$27,800) 🟢 and once again attack the 🟢 Heavy Support zone($27,600-$27,300) 🟢 and the lower line of the Ascending Channel .
❗️ Note ❗️: If BTC can break the 🔴 Heavy Resistance zone($28,440-$28,060) 🔴, the scenario will change.
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🌐➕ Positive News ➕🌐:
Spot Bitcoin ETFs Could Send BTC Skyrocketing by Over 3,200%, Says InvestAnswers Host.
Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September.
Hong Kong crypto VC opens $100M fund for Asian blockchain startups.
Robert F. Kennedy Jr. Pledges to Protect Bitcoin When President.
🌐➖ Negative News ➖🌐:
JPEX converts user stablecoins to native token without notice: Report.
Ledger lays off 12% of staff, citing ‘macroeconomic headwinds’.
Binance Losing Market Dominance at Rapid Pace.
Dark Side Of Crypto: $7 Billion Laundered Across Chains, According To Elliptic.
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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.
Bitcoin will ⚔️Attack⚔️ to Downtrend line⏰(15_min)⏰👋Hi, everyone.
🏃Bitcoin is running on 🟢 Heavy Support zone($27,600-$27,300) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
🌊In terms of Elliott wave theory , Bitcoin seems to be completing a Zigzag Correction(ABC/5-3-5) so that wave B could end at 🟡 Price Reversal Zone(PRZ) 🟡.
🔔I expect Bitcoin to Attack the Downtrend line in the coming hours to complete Wave C .
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🌐➕ Positive News ➕🌐:
The user account "Satoshi" says that he/she will publish documents to prove her identity in 2024 (On Twitter).
Bitcoiner drops BitVM paper — Bringing Ethereum-like contracts to Bitcoin.
Weekly Crypto Inflows Surge by 370%, According to CoinShares.
Bitcoin’s exchange balance plummets to five-year low.
Arthur Hayes Says AI and Historic Money Printing Will Create ‘Most Epic’ Bull Market for Crypto.
Former BlackRock Manager Says Prepare For $17.7 Trillion Inflow Into Bitcoin If This Happens.
Bitcoin is a ‘super logical’ step on the tech tree — OpenAI CEO.
Bitcoin Is Better Than Digital Gold: Matrixport.
South Korea’s Crypto Market Cap Leaps to $21.1 Billion in H1
🌐➖ Negative News ➖🌐:
Binance users in Hong Kong lose $450K in wave of fraud texts: HK police.
Huobi & KuCoin Added to UK Warning List for Operating Without Registration.
Binance Losing Market Dominance at Rapid Pace.
Instagram’s Stance on Bitcoin: Why Accounts Get Suspended.
Bitcoin Could Plunge by Nearly 50%, According to Crypto Analyst Nicholas Merten – Here’s Why.
Stablecoin Market Hits 2-Year Lows In Terms Of Market Cap – What’s Going On?
Bitcoin Mining Giant Bitmain Halted Employee Salaries.
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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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin could dive soonAfter the reversal from 25k and the reach of my target at 28.500, Bitcoin started to consolidate.
Friday we had a new attempt to reconquer resistance and bulls failed again and BtcUsd started to fall again.
At the time of writing the price sits on confluence support, but the structure is not bullish at all and we could witness a break down
In such an instance, the first target for bears is 25k horizontal support, but, in the longer-term 21k is not out of the question.
I'm bearish on BTC as long as the price is under 28.500
Bitcoin will ⚔️Attack⚔️ to Heavy Support Zone⏰(1-Hour)⏰✅Bitcoin seems to have succeeded in forming an Ascending Broadening Wedge Pattern .
🌊Regarding Elliott waves , corrective waves in the Ascending Broadening Wedge Pattern follow the Double Three Correction structure(WXY) .
🔔After breaking the lower line of the wedge pattern, I expect Bitcoin to fall at least to 🟡 Price Reversal Zone(PRZ) 🟡and break the 🟢 Heavy Support zone($27,600-$27,300) 🟢.
❗️ Note ❗️: Corrective waves can continue; we can Confirm the end of corrective waves in the 1-hour time frame after breaking the 🟢 Heavy Support zone($27,600-$27,300) 🟢.
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🌐➕ Positive News ➕🌐:
Satoshi Nakamoto (Bitcoin creator) woke up after 5 years! (in Twitter).
Ethereum Futures ETFs Debut on Low Volumes.
Blockchain finance to grow into $79.3B market by 2032
CBDC lays foundation for new global monetary system: French central bank.
Elon Musk Believes Fiat Money is a Scam.
Hong Kong Stock Exchange launches settlement platform powered by smart contracts
🌐➖ Negative News ➖🌐:
Peter Schiff: ‘We Are Still Early in the Biggest Bond Market Crash in U.S. History’.
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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.
🚧Bitcoin will Go Down Again🚧🔨Bitcoin started to rise from the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and was able to break the Downtrend line yesterday.
✅Also, Bitcoin has managed to form an Ascending channel .
🏃♂️Bitcoin is currently moving in the 🔴 Resistance zone($28,460-$28,000) 🔴 near the SMA(100) and near the upper line of the ascending channel .
💡Also, we can see the Regular Divergence(RD-) between Price and Volume.
🌊In terms of Elliott Waves , Bitcoin managed to complete the main corrective wave A at the 🟢Heavy Support zone($25,280-$23,900)🟢 and is currently completing the main wave B.
📚Since the main wave A is five microwaves, we have to wait for the Zigzag correction(ABC/5-3-5) , and the higher the end of the main wave B is at higher prices, we expect the main wave C to be weaker.
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day.
🔔I expect the microwave C of the main wave B to finish at the 🔴 Resistance zone 🔴 or at the 🟡 Price Reversal Zone(PRZ) 🟡, and then Bitcoin will ⚔️ Attack ⚔️ the lower line of the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily 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 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.
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated.
Stronger to weaker
RED
ORANGE
GREEN
BLUE
Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength.
* Bear markets are buyers markets, Bull markets are sellers markets*
PS: The arrows are only examples
Once again... thanks,
WeAreSat0shi
Stay Blessed!
Bitcoin will go UP to my 🎯Target🎯⏰(15Min)⏰🏃Bitcoin is running on 🟢 Heavy Support zone($27,600-$27,300) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
🔔I expect Bitcoin to rise toward the 🎯 Target 🎯 that I specified in my chart after breaking the 🔴 Resistance zone 🔴.
❗️ Note ❗️: if Bitcoin goes below the 🟢 Heavy Support zone($27,600-$27,300) 🟢 we have to expect that Bitcoin will go down more.
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🌐➕ Positive News ➕🌐:
In general, October has been a good month for cryptocurrencies.
Ethereum Futures ETFs Debut on Low Volumes.
Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF
🌐➖ Negative News ➖🌐:
Peter Schiff: ‘We Are Still Early in the Biggest Bond Market Crash in U.S. History’.
Stablecoin Economy Sheds $1.52 Billion in September, Revisiting a 2-Year Low.
This Crypto Exchange Reportedly Suffered a $13 Million Hack
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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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.