Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price.
In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart.
Note: If Bitcoin can go above $62,000, the scenario will change.
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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Btcsignals
BTC HOT UPDATEAfter decreasing U.S. Core Consumer Price Index (CPI) which led to a momentary increase in the price of BTC, now the price is aggregating potential to have a bullish movement.
- Any level needs confirmation to step in upward levels.
- Main idea is getting bullish, otherwise possible bearish trend have been drawn
$BTC Daily UpdateCRYPTOCAP:BTC #BTC following up on previous 4H bullish close on current 4H, $59,788 testing, some resistance at $58,882 is also expected, RSI on 1D and 4H looks good, must gain support from $58,882 or it will retrace back to $56,557 test, $60,629 next key resistance, watch given S/R
Bitcoin- Major false break and back to 70k after?Last week, Bitcoin broke below the important 60k support level, which coincides with the neckline of a double top.
However, after an initial drop to the 53k zone, the price quickly recovered, forming a daily pin bar and leaving a double bottom on short-term time frames.
Now, Bitcoin is back in the broken support level zone.
Considering the quick recovery, in my opinion, this will prove to be a false break, not a test and continuation downwards.
I am looking to buy dips against the recent low with a target around 70k.
My good boy BTCHey everyone! The new week is here and I'm back with Bitcoin in the daily timeframe.
I'm waiting for the first support zone marked on the chart.
The marked purple dotted line is an important support point obtained based on Ichimoku.
So My best advice is to identify the best altcoins and accumulate them at low prices.
We are waiting for the Alt season.
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Bitcoin Can Go Up TemporarilyIt seems that Bitcoin has finally managed to break the Heavy Support zone($61,100_$58,700) as I expected in my previous Posts .
According to the theory of Elliot waves , the main wave 5 in the Potential Reversal Zone(PRZ) has ended, and we should wait for corrective waves .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise, at least temporarily, to the target I specified on the chart.
Note: If Bitcoin can break the Potential Reversal Zone(PRZ), the scenario will change.
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 $58,290 support in effect, next key support at $56,557 which was last tested on May 01, RSI on 4H in oversold region, approaching oversold region on 1D time-frame too. Second follow up today on bearish engulfing from Tuesday, must hold $56,557 support area to avoid $55,393 support test. $59,788 initial resistance from here, then $60,629-$61,674.
Bitcoin Roadmap==>>(Update)Bitcoin is moving in the Resistance zone($63,450_$62,100) and close to the 21_SMA(Weekly) .
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . (The Maximum of wave 4 can be up to $65,080 , and the Potential Reversal Zone(PRZ) can continue.)
Before the better result, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) .
It seems that BTC.D% has managed to complete 5 impulse waves in the Heavy Resistance zone(60%_57%) , and we should expect BTC.D% to fall in the coming days and weeks.
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 wave 4 , and then Bitcoin will fall and at least fill the CME Gap($62,085_$60,400) .
Note: If Bitcoin can touch $65,580, 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 ⏰.
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.
Trade Plan for BTCUSDThis trade plan consists of 2 possible entries
First entry begins now on the long side at 61,897
SL: 60,768
TP: 64,407
This is a 1:3 Risk to Reward Setup
Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407.
Something to consider: If stopped out on first entry, double up on the second entry.
Important Notes: To mitigrate risk, best to place an alert at the 60,000 handle rather than placing a pending buy limit order. This will allow us to monitor momentum to ensure the 60,000 area will remain supported.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $64,344 given key support came in effect as expected 😎! Currently testing $65,521 support, RSI on 4H looks fine while improving on 1D, still look unsteady here. it could test for $66,323 by weekend if continues to improve on 1D. $64,344-$64,062 remains current support area. $63,544 next support from here. watch given S/R
BITCOIN (BTCUSD): Bullish Outlook For Today
Bitcoin may bounce from a key daily structure support.
After its test, I see 2 strong bullish confirmations:
the price formed a falling wedge pattern and a double bottom.
Both the trend line and the neckline of 2 patterns were broken.
It indicates the strength of the buyers.
I think we can see a pullback at least to 66500
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Bitcoin is Ready to Attack the Heavy Support zone!!!Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) .
I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) .
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==>>FallingBitcoin is breaking the Important Support line .
According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) .
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 UpdateCRYPTOCAP:BTC back on $66,323 support currently testing it, Previous 1D closed with bearish engulfing if followed thru it might break $66,323 support, next key support $64,344, next support from here $65,521. RSI on 1D looks weak. Watch the support areas, must regain $68,546 support to retest $69,813. Watch given S/R
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.