Bitcoin RoadmapBitcoin started to fall for the umpteenth time with the news that the Mt.Gox exchange would return Bitcoins to the losers , as if the Mt. Gox exchange would start refunding BINANCE:BTCUSDT and BINANCE:BCHUSDT from the beginning of July 2024 (almost 6 more days).
After a few months, the Fear and Greed index entered the " Fear " range again. But I think it will also enter the " Extreme Fear " range.
Bitcoin is currently moving near the Resistance zone($63,450_$62,100) , the 21_SMA(Weekly) , and the lower line of the Failed Falling Wedge Pattern . ( pullback is probably being completed )
Note: Bitcoin has come below the 21_SMA(Weekly) after almost 250 days.
Note: When a reversal pattern fails, it will play a continuation role.
According to the theory of Elliott waves , Bitcoin seems to be completing the microwave 4 of the main wave 3 . If the Heavy Support zone($61,100_$58,700) breaks, we can confirm the end of wave 4.
Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of the microwave 4 of the main wave 3, and the break of the Heavy Support zone can coincide with the news of the refund of the Mt.Gox exchange .
Note: If Bitcoin can break the Resistance zone($63,450_$62,100), the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.
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Btcsignal
Bitcoin can touch $67,000 SoonBitcoin is moving in a Heavy Support zone($65,730_$64,240) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in forming a Leading Diagonal .
Also, we can see the Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise to at least $67,000 after breaking the upper line of the Leading Diagonal.
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.
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Bitcoin is Ready to Attack the Resistance zone!!!Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement.
Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line .
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140) .
I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation) .
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).
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Bitcoin Roadmap==>>15-minute time frameBitcoin is moving near the Resistance zone($70,890_$70,140) .
According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing the main wave 4 . So far, the main wave 4 structure is a Zigzag(ABC/5-3-5) .
I expect Bitcoin to fall at least to the Support zone($69,280_$69,120) . If the support zone breaks , we can confirm the end of main wave 4.
This post is a continuation of the following post.
Note: If Bitcoin manages to break the Resistance zone($70,890_$70,140), The 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.
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Bitcoin is Ready to Fall===>>Symmetrical TriangleBitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle .
We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ).
I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart.
Important Support Zone($69,500_$68,820) : Monthly Pivot Point//Fib Cluster//100_SMA(Daily)//50_SMA(Daily) .
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.
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🚨Bitcoin will Fall by Failed Falling Wedge Pattern🚨❌ Bitcoin failed to break the 🔴 Resistance zone($65,700-$67,520) 🔴.
📈From the point of view of Classical Technical Analysis , the Failing Wedge pattern failed, and since if the reversal pattern fails , the pattern will have a continuing role , the Bitcoin fall is still expected.
🔔I expect Bitcoin to continue its downward trend after the rise to the lower line and 🟡 Potential Reversal Zone(PRZ) 🟡again.
❗️⚠️Note⚠️❗️: If Bitcoin touches $65,500 , the bullish scenario can change, I will talk about the importance of this number in the next posts .
❗️⚠️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.
Bitcoin Analysis (It's time for Bears🐻🧸🐼)✅ As I expected , Bitcoin reached the 🔴 Resistance zone($65,700-$67,520) 🔴.
🌊According to Elliott's wave theory , Bitcoin is completing wave 5 .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈Looking at the Market Cap USDT Dominance% (USDT.D%) chart , I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the 🟢Support zone(4.72%-4.53%)🟢. We should expect at least a temporary growth of USDT.D% , which means that Bitcoin should have a minimal correction.👇
🔔I expect Bitcoin to start falling from the 🔴 Resistance zone($65,700-$67,520) 🔴 and continue falling to at least the 🟢 Support zone($65,700-$64,180) 🟢 and the 50_SMA(Daily) .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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 Fail in the ⚔️Third Attack⚔️ on the Resistance zone⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ).
🏃♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone).
🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves . ( If the 🔴Resistance zone🔴 breaks, the scenario will change again) .
🔔I expect Bitcoin to start going down after the completion of main wave B to complete main wave C and at least fall to the Support line .
❗️⚠️Note⚠️❗️: if Bitcoin can break the 🔴 Resistance zone($63,440-$62,690) 🔴, the scenario will be changed.
❗️⚠️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.
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✈️Bitcoin is Ready to Go Up✈️🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines .
🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure.
💡We can consider corrective waves in the form of a pullback to the upper line of the descending channel .
📈According to Classical Technical Analysis , Bitcoin seems to have formed a Falling Wedge pattern . ( Of course, it is not very standard ).
🔔I expect Bitcoin to start rising from the 🟡 PRZ 🟡 and at least rise to the 🔴 Resistance zone($65,650-$64,200) 🔴.
❗️⚠️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.
⚠️Bitcoin Can Dump By Rising Wedge Pattern⚠️🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡.
📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the possibility of forming a Double Top Pattern .
📈We can also look at the Market Cap USDT Dominance% (USDT.D%) chart for a better analysis of Bitcoin. Yesterday, I analyzed USDT.D% for you.
📈 USDT.D% has succeeded in breaking the upper line of the Falling wedge, and this is good news, which confirms the breaking of the lower line of the Rising Wedge Pattern in the Bitcoin chart.👇
📈Also, the Market Cap BTC Dominance% (BTC.D%) chart will also be bearish and can help the fall of Bitcoin.👇
🔔I expect Bitcoin will Go Down at least to the 🟢 Support zone($69,000-$67,800) 🟢, and if it breaks, we can expect BTC will go down to the Support line and Fibonacci cluster.
❗️⚠️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.
🚨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.
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.
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.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Testing $43,145 resistance at the top of the triangle, Amazing reversal followed by bullish pin bar 4h close at the bottom testing $40,583 support. Bullish engulfing on last 1D close, current daily moving for follow up. RSI on 4H and 1D looking good, Watch given S/R
BITCOIN MOVE UP OR DOWN? WHAT'S NEXTThe recent market dynamics have witnessed a shift in momentum, with a notable surge in strength last week, propelling prices to reach 44,696. Subsequently, a new short-term trend has emerged, indicated by the green chart. Despite multiple attempts, the market has been unable to breach its resistance, suggesting a prevailing bearish sentiment.
According to the green chart pattern, the market is currently on a downward trajectory, heading towards 41,600 and further down to 40,500 at Target 01. This trend is expected to persist, with the subsequent target, Target 02, lying in the range of 39,000 to 38,500 .
On the Flipside, there is a potential development of a new pattern, highlighted in grey. If this grey pattern manages to break the resistance of the existing green pattern, a reversal could occur, leading to an upward movement after retracement from the buying zone. It is essential to closely monitor the market for any signs of a breakout or a shift in the established patterns.