#BTC has reached the buying zone, don’t chase short📊#BTC has reached the buying zone, don’t chase short⚠️
🧠 From a structural perspective, the goal of the short structure has been achieved, so there is an expectation of a rebound. However, given that the overall trend is a short trend, we can only remain patient and wait for a long structure to be successfully constructed before participating in long transactions.
➡️If we can successfully break through the resistance zone, it means that the mid-term rebound has begun. 📈
➡️If we continue to choose to fall and fall below the support zone, then the support will turn into a resistance zone. After rebounding to the resistance zone, we can look for short-selling opportunities, and then look forward to the realization of the non-contradictory buying zone. 📉
🔔Trading at this stage is difficult, so try to trade conservatively. Our long order yesterday was eventually swept away after locking in the main profit, so even with good expectations, risk management cannot be forgotten! ! ! ⚠️
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BINANCE:BTCUSDT.P
BTCUSDTPERP
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.
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#BTC is in the support zone, don’t chase shorts📊#BTC is in the support zone, don’t chase shorts⚠️
🧠From a structural perspective, we are still in a bearish trend, because the ideal target area of the short structure has not yet been realized. But it is not recommended to chase short here, because we are currently in the support zone. Even if it continues to fall, there is still a lot of support below, so even if we want to go short, we hope to see a rebound before considering it.
⚙️In view of the expectation of rebound and to avoid a sharp retracement of profits, we closed the short order placed on the 12th. If there is no rebound, then we will look for new opportunities again. 💰🍻
Let's see 👀
⚠️Don’t forget risk management⚠️
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BINANCE:BTCUSDT.P
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 sitting on a thread! This is what you need to know!#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand.
We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation.
If BTC holds above the 50-day MA, a push towards $71,000 is on the cards. Eyes on the breakout or breakdown.
Enjoy your weekend.
I'll be here if anything important comes up.
Have a great time!
Do hit the like button if you like my updates and share your views in the comment section.
#PEACE
BTCUSDT at daily support, likely to bounce to at least 70.5kHere is a new trade idea. The price pushed up after bouncing from weekly support and headed towards daily resistance DR1. The price however got stopped at DR1 and got pushed down immediately from there. On this drop it hit the daily support DS1 from where a bounce was likely. We already see that bounce going on. Therefore, a long from this daily support zone is favorable as the price is likely to head towards daily resistance DR1 again. Since the price has already bounced from the support, I have a small position size at the moment and I would add to my long when the price revisits this support zone again. The price has a probability to go beyond that daily resistance DR1 and aim towards weekly resistance WR1. But lets focus first on the first part.
#BTC has a chance to form a bearish wolf wave📊#BTC has a chance to form a bearish wolf wave📉
🧠From a structural point of view, we are currently in the support zone, and the probability of rebound is higher than the probability of decline. Even if there are short expectations, it is not recommended to chase short here. It is reasonable to go short after rebounding to the resistance zone.
➡️From the perspective of wave theory, main wave 4 has been completed, and main wave 5 may be completed through micro pulse waves.
⚙️Because there is such an expectation, we will continue to be patient with the short orders we hold. If the development goes as expected, then we will make more profits.
Let's see 👀
⚠️Don’t forget risk management⚠️
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BINANCE:BTCUSDT.P
#BTC/USDT Bullish and BEARISH $57k before $100k??In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing.
BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level.
The price has already broken below a key pattern, signaling a potential shift in market sentiment.
If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support.
Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00.
This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction.
Traders should closely watch the interaction with the 50 SMA to gauge potential price movements.
FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider:
HTF:
- ETF Approved ✅
- Halving ✅
- Petro dollar expiry with no renewal ✅
- US presidential candidate endorses crypto ✅
- Daily bullish divergence holds for BTC ✅
LTF:
- Liquidity taken below ✅
- CPI fell and rates reduced ✅
- PPI fell and rates reduced ✅
Reason for Further Down HTF:
$100k charts everywhere but without any pullback!
There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish.
The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed.
A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled.
So, even with positive indicators, remain cautious. Avoid FOMO for your own sake.
It's better to keep cash (At least 40% in USDT to buy Alts at cheap).
This is the kind of decisions we didn't see in previous bull runs! Remember that?
I hope this post helps you. If it did, please hit the like button and share your views in the comment section.
Thank you
#PEACE
#BTC rejected at resistance zone, what next?📊 #BTC rejected at resistance zone, what next?❓
🧠As expected, the market fell back after being blocked by the resistance zone. From a structural point of view, only by breaking through this resistance zone again can we have a chance to reverse the decline and have a chance to reach new highs. Otherwise, don't be too optimistic.
➡️From the perspective of wave theory, there is a high probability that the bearish wolf wave will be established. Looking forward to wave 5 happening. 🙏
⚙️If you followed us in shorting yesterday, you can lock in the main profit before looking forward to more. At the same time, don’t forget to set a risk-free or downward stop loss, which is reasonable to prevent the market from not going as expected.
🎉Congratulations to all the friends who followed Wolf King to print money. 💰🍻
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BINANCE:BTCUSDT.P
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).
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 Longterm View.Bitcoin long-term chart analysis
In 2013, the price of Bitcoin broke its previous ATH and moved approximately 3700% after the breakout. In 2017, Bitcoin's price increased by over 1450% after breaking its previous ATH. In 2021, Bitcoin's price rose by more than 250% after the previous ATH breakout.
This year, the price broke the 2021 ATH. We can expect a bullish move from the current level, with a potential 100-200% increase in Bitcoin this year.
BTCUSDT Waiting For The Breakout!BTCUSDt technical analysis updated
BTC price has been rejected multiple times from its resistance line. If the price breaks above the resistance line, we can expect a significant bullish move in Bitcoin.
We could see a bullish breakout in the next few days.
Reagrds
Hexa
#BTC reaches the staged rebound target area📊#BTC reaches the staged rebound target area✔️
🧠The market has rebounded as expected and has now reached the phased rebound target area. We need to be alert to the risk of a pullback. Yesterday we said that the bullish cup-and-handle structure has failed, so there is no reason to continue to be bullish. Even if there is a strong rebound, I will not be too optimistic.
➡️From the perspective of wave theory, there is the possibility of a bearish wolf wave forming here. Wave 4 may be completed here, beware of the occurrence of wave 5. ⚠️
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
BTC big move is expected soon !BTC / USDT 1D
– BTC is in accumulation range since 100 days !
– I think the big move is coming very soon
–Since the price is holding well just below resistance the chance of breakout is high
– There is also an inverse H&S printed which is good bullish pattern
Note : we can see strong fluctuations near resistance line but price needs to break and hold above it to maintain upward trend
Do u agree ?
Best of wishes
BTCUSDT at daily resistance, likely to head to 64.5k-65kThe price bounced here as the zone was a weekly support zone but has come to the daily resistance zone DR1. But it seems it is likely to get pushed a bit more down. Below we have support zone DS1 and WS2. First is the daily support DS1 from where the price is likley to bounce. Therefore, a short trade is favorable here. The price is likely to land to daily support DS1. This DS1 zone is lying around 64.5k to 65 k area. I
BTCUSDT to hit resistance around 70.5k and drop towards 67k Here is a new short trade idea. The price has been pushing up after the last big drop around 5 percent. The price found support around 68.5k zone and since then it is pushing up slowly. This push has been really slow and likely to reach till the low TF resistance LTFR1. I expect that the resistance there would make the upward push of the price to stop and then push it downwards. This rejection of the price at that resistance level will lead the price to look towards the next support on its way down. The next major support is weekly support around 66.7k-67.7k. Therefore, a short trade favorable from there towards weekly support WS1 around 67k.
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.
BTCUSD new update
Hi, Today is a good moment to enter long at BTC, because we already reach fibonacci support zone at 64K-66K.
This is a strong support area, since BTC stuck at 1 month consolidation.
If fibonacci support able to hold bearish, Our target at $71.933
sorry for late update, coz I have a heavy schedule with my student. But I will try to update this analysis if I found a new key level.
Thanks, Happy trading
#BTC may enter a complex consolidation stage again📊#BTC may enter a complex consolidation stage again📉
🧠From a structural perspective, the bullish cup-and-handle structure failed as the bullish defense point fell below, which means we lost the reason to continue to be bullish. This means that we will most likely enter a complex consolidation stage at the weekly level again.
➡️From the perspective of wave theory, we are completing wave 3. After reaching the staged target area, there may be some rebound to complete wave 4.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
#Bitcoin Weekly Technical Analysis by Cryptorphic, Target $155k!Overview:
This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart.
Historical Price Movements:
1. First Major Rally (2016-2017):
- Growth: 4,499.77%
- Price Increase: From ~$430 to $19,439
- Duration: 86 bars (602 days)
2. Second Major Rally (2020-2021):
- Growth: 1681.18%
- Price Increase: From ~$3924 to $69,889
- Duration: 95 bars (665 days)
Current Trends:
- Current Price: $70,004.70
- Support Levels: $44,532,$52086, $60200, $68300 (Immediate support)
- Resistance Levels: $73,000.00 (immediate), $138,000-$155,000 (projected)
Moving Averages:
- Purple Line: 20-week moving average
- Pink Line: 50-week moving average
Future Projections:
- Potential Target: $138,000-$155,000
- Critical Date: April 2, 2024
- Trend Analysis: Watch for a breakout above $75,000.
Conclusion:
Bitcoin shows strong bullish trends. A breakout above $73,000 could signal another major rally. Monitor the 20-week and 50-week moving averages for trend confirmation.
Simple maths, Fractals and all the data from indicators suggest Bitcoin is poised to hit $100k+ by EOY.
SO AVOID THE NOISE, LOOK AT THE BIGGER PICTURE!
Disclaimer:
This is for informational purposes only and not financial advice. Conduct your own research before investing.
Please hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
#BTC rebounds as Scheduled, what next?📊#BTC rebounds as Scheduled, what next?❓
🧠Structurally, there is a bullish cup-and-handle structure acting as support for the upside, so there is a case to continue the bullish trend.
⚠️But from the perspective of the weekly level, we cannot be too optimistic before we break through ATH. If we do not continue the bull trend but choose to continue falling, we need to be wary of the weekly level entering a complex consolidation stage again.
⚙️Therefore, we don't have to guess how the market will develop. What we can do is to lock in the main profits of the long orders we hold and then look forward to more, and look forward to the continuation of the long trend in a low-risk or risk-free way.
🎉Congratulations to all the friends who followed Wolf King to print money.💰🍻
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
🤜If you like my analysis, please like 💖 and share 💬
BINANCE:BTCUSDT.P
Bitcoin BTC price move plan for incoming weeksFor the coming week, both buyers and sellers have a specific task: some have to lower the price of #BTCUSDT as low as possible to break down the structure, while others have to raise it to break up the stops of shorts positions
🔼 CRYPTOCAP:BTC buyers are currently looking stronger, and if they manage to defend $67000-67300, they may start attacking and updating #Bitcoin ATH very soon. The fuel for growth should be the stops of short positions hidden above $73K. and $74k.
🔽 Sellers now have a much more difficult task: they need to break the growth structure, and for this, they need to fix #BTCUSD price below $60-61k
The next known strong macroeconomic news is expected on June 12, when the CPI US and the Fed Funds rate will be announced.
If you're reading this idea and are interested, please leave a comment under the idea and put like. And then we'll write more thoughts on BTC.D and USDT.D and how altcoins may develop in the near future.
Bitcoin - Reaccumulation or Distribution IIIMacro Perspective: Bitcoin is still in a Wyckoff accumulation/distribution schematic.
Medium-Term Bias: The Sideways trend is expected to continue until Bitcoin either makes a Lower Low (LL) or breaks above 74K and flips it to support. This process is projected to unfold by October 24.
Because of Bitcoin’s lackluster PA and time factors, I am leaning towards distribution.
In the short term, there are two distinct scenarios that could potentially unfold, each with its own implications for Bitcoin's price action:
1. UTAD. Bitcoin is still holding the trendline and the 69K support. In that respect, it can still try for a UTAD. Following the UTAD, I expect a swift decline to the range low.
2. Should Bitcoin fail to hold the trendline, Bitcoin will find support between 67.8K, which is the range PoC, and 67.3K, which is the mid-range. Then, the trendline will flip to resistance and Bitcoin will drop to the range low. If this scenario materializes, look for bearish divergences as a confluence factor for a short trade.