Bitcoin Could Reach high 38 before starting to collapseBTC been consolidating around high 37K and bouncing to the upside around 38.5.We could see a correction and another move to the upside around 38.8 before the main move to the downside starts.OR 38.2 was the top and we go down today.
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Btcanalysis
🚀Bitcoin is Ready to Attack to Resistance lines Again🚀🏃♂️Bitcoin is moving near Support lines and a cluster of Fibs and lower line of Descending Channel .
🌊According to the theory of Elliott Waves , Bitcoin has successfully completed the Double Three Correction(WXY) in Descending Channel.
🔔I expect Bitcoin to Go UP at least to the Resistance lines after the Descending Channel break.
❗️⚠️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.
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰💡For the umpteenth time, Bitcoin is trying to break the 🟡 Price Reversal Zone(PRZ) 🟡 and a cluster of important Resistances (Pivots) . But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel , to break this critical area.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed its five-impulse wave at 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
⏰If we look at the 4-hour time frame , we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢 Support zone($36,000_$35,560) 🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡 Price Reversal Zone(PRZ) 🟡 to break .👇
🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢 Support zone($36,000_$35,560) 🟢 and Support lines .
❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡 Price Reversal Zone(PRZ) 🟡will be broken and my scenario will change.
❗️⚠️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.
$BTC Daily Update (bearish divergance)CRYPTOCAP:BTC #BTC slipping below $37,499, struggle here. last 4h closed with bearish engulfing, $36,868 support highly likely in short term, Bearish engulfing on 1D also suggesting support test, bearish divergence on 1D and 4H could be at play, alts will follow. $36,868-$36,214 support range.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC well well 4th time's the charm! 😂😂
$37,499 supporting! $38,768 next key resistance then $39,458, Bullish engulfing on 4h same on 1D as well but candle not so good - follow thru skeptical, if followed thru it should gain $38,008 support, RSI on 1d and 4h looking good.
Bitcoin is Ready to ⚔️Attack⚔️ to Support zone⏰(1-Hour)⏰✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡.
🏃♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago.
🌊According to Elliott's wave theory , all the waves inside the ascending channel formed a Double Three Correction(WXY) .
💡As in my previous post, Bitcoin still has a chance to fill the first 🔵CME Gaps🔵.
🔔I expect Bitcoin to gradually approach the 🟢 Support zone($36,000_$35,560) 🟢 and Support line(2) and eventually break them.
❗️⚠️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.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $37,499 resistance holding strong, $36,838 support tested and held beautifully, current support at $36,868. Previous daily closed with bullish pin bar, RSI on 1D & 4H looking good, struggling to gain $37,499 as a support, currently testing. Continue watching given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Given resistance at $38,008 tested, as expected struggle is normal in this range, bearish engulfing on last 4h close, $37,499 testing for support, RSI on 4H looking good, beautiful bullish engulfing on 1D, let's see if follows thru, next resistances $38,768, $39,458,
BTC consolidation ends today according to the patternsBitcoin showing multiple sell signals shows its consolidation wants to end and maybe go to touch the lows.
Simple Trick Bitcoin- One simple old trick to know when we are bullish or bearish.
- Use Ichimoku Kinko Hyo 1W-TF.
- Only use senkun span (SSA).
- Wait for BTC trend cross the Span.
- Jump in/Jump out.
- Always follow the river while trading.
- Don't waste your energy trying to counter Naturals movements.
Happy Tr4Ding !
Bitcoin Weekly Overview With Possible 35K Touch!Bitcoin went and grabbed the liquidity of a weekly candle (at its top) and now its consolidating .could see 1 more liquidity grab to the upper side then starts to go to our first target 35.
also discussed about Continuation of this bullish move in the video.
Thanks for your support
$BTC Daily UpdateCRYPTOCAP:BTC #BTC gained $36,214 support! beautiful wick testing $37,499-$38,008 (key resistance range), currently testing $36,868, Support at $36,214 looking good, RSI on 4h looks good, previous daily closed with some sell pressure, $35,387 should be key support here, watch given S/R
Bitcoin Will Continue Consolidating And LiquidatingBitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
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