#BTC Bullish Wolf Wave📊#BTC Bullish Wolf Wave📈
🧠From a structural perspective, we have made corrections according to the double top short structure. At present, all the goals of this structure have been achieved, and we have also reached the yellow support zone, so we need to be alert to the occurrence of a rebound.
➡️From the perspective of wave theory, we may form a bullish wolf wave here. Generally, the appearance of this wave model means that the trend is coming to an end, so we can also look forward to the occurrence of wave 5.
Let’s see 👀
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BINANCE:BTCUSDT.P
BTCUSDTPERP
Fear swallows opportunity.It is very difficult to enter a long position in the section where the rising and adjusting harmonics are identified.
However, if you remove fear and greed from the current section, it can provide a very good profit opportunity.
The rising 5-wave that has been built over a long period of time is stronger than the short-term adjustment patterns.
I plan to give up high leverage and seek profit opportunities with stable leverage.
#BTC Double Top Bearish Structure📊#BTC Double Top Bearish Structure📉
🧠From a structural point of view, we have built a bearish double top structure near the resistance line, but because the main trend is bullish and has not yet reached the heaviest resistance area, we will be bullish and will not easily go short before reaching the heaviest resistance area.
➡️If we make a correction according to the double top bearish structure, the target area of this structure overlaps with the yellow support area, and the overlapping part is regarded as a valid support area. It is reasonable to try some long orders here.
⚠️If an extreme market occurs, then you can pay attention to the next support around 63800
Let's see👀
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#BTC Next Strong Resistance Zone📊#BTC Next Strong Resistance Zone🔥
🧠After we break above the blue resistance zone, the blue resistance zone turns into support zone. From a structural point of view, the target zone for the long structure built in the support zone is 67261-68781, combined with the small long structure, the heaviest resistance zone is 67261-67666.
➡️If we go straight up from the current price, there should be a good reaction to the first arrival of this area.
➡️If we go down as expected, then the price can consider participating in some new long trades when it returns to the support zone again.
Let's see👀
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BINANCE:BTCUSDT.P
#BTC breaks through the complex consolidation phase📊#BTC breaks through the complex consolidation phase📈
🧠We are consolidating back and forth between the blue resistance zone and the yellow support zone, indicating that the divergence here is very large. After a long period of consolidation, we have digested the selling pressure here, and now we have chosen to break upward. But it is very close to the next resistance area of 65175-65600, so it is unreasonable to chase the increase. If we can return to the yellow support area again, we can consider participating in some long transactions.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily) , and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time .
According to the Elliott wave theory in the 15-minute time frame , Bitcoin seems to have finished main wave 3 ( extended wave ) and is completing main wave 4 . One of the signs is the completion of the main wave 4, the support line break .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . If the 1&4 hour candle closes below $63,000 , I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel .
⚠️ Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher. ⚠️
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Could Bitcoin Remain Under $65K by the End of September?BTC technical analysis update
BTC is facing strong resistance at FWB:65K , with the price being rejected multiple times at this level. We can expect a small correction or a sideways move below FWB:65K resistance before a potential breakout. Bitcoin may move sideways or bearish before October begins, but a strong bullish rally is expected in October, as the month has historically been positive for Bitcoin.
Bitcoin Analysis==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) .
I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel .
Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900)
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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 Potential Double Top Structure📊#BTC Potential Double Top Structure📉
🧠The rebound in the support area has been achieved, and it began to fall back after testing the resistance area of 63800-64000 again. Our long orders yesterday were set to risk-free after reducing holdings by 50% in this resistance area, but were eventually swept away.
From a structural perspective, if we can fall below the inflection point of 62688, it means that the double-top bearish structure is established, which means that we have the opportunity to go near the neckline buying zone. Therefore, the short order we obtained in the resistance zone has locked in the main profit, and then we will look forward to this possibility happening. 📉
Let’s see 👀
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BINANCE:BTCUSDT.P
Btc Full UpdateBtc did very well inthe month September as well But now it is below the bog cluster of resistance. I am expecting rejection from this area then straight dump to 61.5K. If price holds this then its good otherwise it can come down more towards 58K which is my swing long idea.
In simple words Short from 65.5K and long from 58K.
Bitcoin's Healthy Uptrend Faces Critical Test—Is It Time to Sell
Bitcoin's recent rally has followed a well-defined and healthy uptrend, with the trendline offering strong support. This suggests a sustainable bullish momentum. However, for this healthy trend to continue, Bitcoin will soon need to retest its trendline support.
Should the test confirm strength in the trendline, the next significant resistance level is projected to be near 68K. On the other hand, if the trendline is breached, we can expect a short-term downside move towards the 60K-59K range, which marks the previous high during the first trendline test, and it should be treated as a potential support zone.
Given this outlook, the prudent trading approach for Bitcoin at this stage is to adopt a sell strategy, anticipating a short-term correction.
#BTC resistance zone turns into support zone📊#BTC resistance zone turns into support zone✔️
🧠We finally chose to break upward, and our short order was swept away after setting breakeven. The breakthrough of the resistance area means that this area will transform into a support area. Now we are testing this area again. There is a probability of rebounding from here. I am eager to break through the inflection point of 65175.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin: Strong Bullish Momentum AheadBTCUSDT technical analysis update
Currently, Bitcoin has been trading within a range for the past 200 days.
From March 2023 to October 2023, the price fluctuated between GETTEX:25K and $32K for 224 days before breaking the range and bouncing over 130%.
Now, we are observing a similar pattern, with Bitcoin trading inside a rectangle since February, between $53K and $73K. The price is approaching a potential breakout, which could occur within a month. Once the breakout happens, we may see a strong bullish move.
Regards
hexa
BTCUSDT Key Resistance ZoneBTCUSDT has recently reached a KEY RESISTANCE level on the 4 hour timeframe.
We've seen multiple rejections from this zone in past data, showing strength in the SHORT trade, where it may look to initiate a BEARISH trend.
The key to this movement is waiting for a definitive move via BIG VOLUME CANDLES, price could reject off the zone temporarily and retrace back to the resistance zone where it could break.
We need undeniable big volume indicating a rejection or breakout.
BTC Short Term Long Trade Idea [Playing with profits]Trying a long trade here with BTC.
I think it is forming a base here based on previous high, and might bounce from here.
This is a risky trade which is why Stop-Loss is very tight and aiming for a Risk-Reward of at least 1:3
Entry Price: 63814.4
SL: 63663
TP1: 63997.40
TP2: 64219.11
TP3: 64662.34
Will be trailing my SL according to the price movement.
I don't think I'll be following the trade, since it's late here, but this will also be a hedge to my SOL short trade that I still have open.
Good luck and let me know what you think of the idea.
Bitcoin Needs Correction==>>Filling CME GapsBitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ).
Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that investors may prefer bonds to riskier assets such as cryptocurrencies as interest rates fall.
Bitcoin is currently moving in the Resistance zone($63,500-$61,460) , Potential Reversal Zone(PRZ) , near the 21_SMA(Weekly) and 200_SMA(Daily) , Yearly Resistance(3) and upper lines of the Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Zigzag correction(ABC/5-3-5) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
Before drawing a better conclusion, let's take a look at the USDT.D% and BTC.D% charts.
USDT.D% is moving near the Support zone , the lower line of the Descending Channel and the Potential Reversal Zone(PRZ) . I expect USDT.D% to rise at least to the Resistance zone again, bringing down the Bitcoin price .👇
BTC.D% is moving in a Heavy Resistance zone. According to Elliott's wave theory , BTC.D% seems to be completing the main wave 5 with the Ending Diagonal . I expect BTC.D% to start its downward trend soon, which could cause Bitcoin to fall more than other tokens .👇
Based on the above explanation, I expect Bitcoin to at least drop to the Support zone($60,000-$59,100) and Support lines and fill the CME Gaps .
Note: If Bitcoin can break the Resistance zone($63,500-$61,460), we should expect Bitcoin to rise to at least $65,000.
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 and updates; 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.
To maintain the uptrend,it needs to be supported around 61099.25
Hello, traders.
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I'm publishing in advance because I have a schedule.
I will explain the new 1W chart and 1D chart as soon as the schedule is over.
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Since I have updated the necessary information for day trading, I will often explain the trading method for day trading.
(BTCUSDT.P 1h chart)
It is expected that volatility will occur as the 5EMA line of the 1D chart is touched.
Accordingly, if it falls below the 5EMA of the 1D chart, the key is whether it can receive support near 61149.5.
Since the M-Signal of the 1D chart and the M-Signal of the 1W chart are passing near 60651.2, I think it is a section that must receive support to start an uptrend.
- ADX is below 20.
- Since OBV is converging, there is a high possibility that a trend will be formed if it breaks through the low line (LL) or high line (HH) soon.
- You should check whether the StochRSI indicator rises in the oversold section and shows an uptrend with StochRSI > StochRSI EMA.
Since the trend strength has weakened as ADX falls below 25, there is a high possibility that a box section will be formed.
Therefore, you should check which section the box section is formed in and think about whether to proceed with a trade within the box section.
However, as I mentioned earlier, if you touch the 5EMA of the 1D chart, ADX can rise above 25, so you need to check what kind of movement it shows at that time.
The right time to proceed with a buy (LONG) is when it is supported and rising near the HA-Low indicator.
At this time, ADX should be rising above 25 and OBV should be rising along the high point line (HH).
The right time to proceed with a sell (SHORT) is when it is resisted and falling near the HA-HIgh indicator.
At this time, ADX should be rising above 25 and OBV should be falling along the low point line (LL).
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(BTCUSDT 1M chart)
The key is whether it can be supported near the 2nd section and rise to the 1st section.
To do that
- ADX must be maintained above 25 or show an upward trend.
- OBV must show an upward trend along the high point line (HH).
- StochRSI must change to a state where it is > StochRSI EMA and show an upward trend.
-
(1W chart)
The formula of the StochRSI indicator included in the TS-BW DMI indicator has changed, creating a different trend line than the previous idea.
Therefore, we should check the movement when a new candle is created.
Looking at the TS-BW DMI indicator,
- StochRSI appears to have changed to an oversold zone and StochRSI > StochRSI EMA.
- We should check if ADX can be maintained above 25.
A decline in ADX means that the trend strength is weakening.
If you look at the OBV indicator, you can see that OBV is converging.
Accordingly, you need to check whether it can maintain the uptrend by rising above the high point line (HH).
-
(1D chart)
The trend line has changed, and the next volatility period has changed from around October 7 to around October 11.
- ADX is below 25.
- OBV is showing signs of breaking out of the high point line and then entering within the high point line.
- StochRSI indicator is showing signs of changing the trend in the overbought zone.
It is judged that it is not easy to maintain the uptrend in the current state.
Accordingly, the key is whether it can receive support around 63118.62-64000.0.
If not, and it falls, it is important to see if it can be supported around 61099.25.
If the price is maintained above 61099.25, I think it will meet the conditions to start an uptrend because the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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#BTC Double Top Bearish Structure📊#BTC Double Top Bearish Structure❓
🧠As time goes by, the small short structure may evolve into a larger short structure, which will be established after breaking through the yellow inflection point of 62320. So we need to be alert to this possibility.
If you are involved in some short transactions, you should move your stop loss down in time and expect more in a low-risk way. Because the general trend is still a long trend, you need to be more conservative when trading against the trend.
Let’s see 👀
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BINANCE:BTCUSDT.P