Bitcoin is Ready to ⚔️Attack⚔️ to Heavy Support zone🏃♂️ Bitcoin is moving near Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 .
🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢.
❗️⚠️Note⚠️❗️ : The lines of possible waves are hypothetical , and waves can be formed in other ways .
❗️⚠️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.
BTCUSDTPERP
⚠️Bitcoin Analysis (Mix of Patterns)⚠️👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it.
🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of the descending channel and 50_SMA(Daily) and Time Reversal Zone(TRZ) .
📈If we want to look at the chart from the point of view of the Classical and Harmonic patterns , Bitcoin has succeeded in breaking the lower line of the Symmetrical Triangle Pattern , and it seems that a Bearish 5-0 Harmonic Pattern is forming near the upper line of the 🟣descending channel🟣.
💡Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
💡 USDT.D% broke the 🔴 Resistance zone(4.72%-4.53%) 🔴 as I expected and is currently pulling back to this zone, the pullback structure seems to be forming with the Falling Wedge Pattern , I expect USDT.D% to rising again and this It will cause another decline in the cryptocurrency market .👇
🔔I expect Bitcoin to start falling again based on the above explanation.
❗️⚠️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 details view added📊🔔We eventually broke below the PML line and the buy zone turned into a resistance zone.
🧠From the graph, we can see that we are falling all the way following a zigzag pattern. The price is about to enter the buying zone on the daily and weekly lines. The strongest short-term support zone is 50636-52888. When the price reaches this zone, there should be good reaction.📈
➡️From a structural point of view, the double-top short structure has been established and it has fallen below the important buying zone, so the downward trend will be dominant in a short period of time. Look for shorting opportunities when the price rebounds again to the area where the downtrend line and the resistance zone overlap.📉
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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Bitcoin BTC price follows a familiar routeCurrently, crypto market users are divided into two camps:
1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k.
Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise.
On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin price behavior for May-October 2020. That is, how the CRYPTOCAP:BTC price behaved before and after the previous halving.
And this scenario is not bad: the #BTCUSD price is entering a prolonged consolidation phase at range $65,000-73,000 during the summer of 2024.
At this time, the capital of large funds will be able to partially and smoothly flow into crypto projects with a smaller capitalization.
What can this process provoke? That's right - the alt-season
Are you intrigued?) We are waiting for 50 likes and at least 10 comments from you, and then we will supplement the idea with the BTC.Dominance, USDT.D charts and the total crypto market capitalization chart which clearly show how this process can look like.
📊#BTC monthly view🧠➡️From the monthly chart, we can see that a large negative column has appeared, which indicates that adjustments at the daily and weekly levels have occurred. This shows that it will be difficult for us to reach new highs in the next 1-2 months.
➡️Therefore, we need to pay attention to buying opportunities when the price reaches the daily and weekly buy zones.👀
➡️We'd better wait for a rebound below PML before looking for new short-selling opportunities.👀
➡️Structurally, we can expect the formation of this cup-and-handle structure.📈
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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📊#BTC next possible development roadmap🧠As we approach the end of the month, the monthly candlestick may close with a negative candlestick, which is a less optimistic sign on the bullish side. It shows that it is difficult for us to reach new highs in a short period of time.
➡️So we will maintain two possibilities in the future:
First, we choose to continue to consolidate sideways, gradually compress the price to form a bull flag, and then choose to break through at the end of the flag.
Note that if our bullish defense level is broken, the likelihood of continuing sideways becomes less likely.
➡️Second, if we choose to fall directly below the bull defense point and continue downward, then we will focus on buying opportunities in the daily and weekly level buy zones.(50k-55k)
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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BTCUSD after halvingHi, welcome to my analysis,
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance.
I will update this analysis if I find new keylevels.
Happy trading
20 hours left in Bitcoin halving, what do you expect?#Bitcoin Update
Bitcoin's price dropped quickly when news broke of a potential conflict between Israel and Iran. It nearly reached a support level but then started recovering fast. This shows that the market is optimistic, but we're still stuck in a price range, so it's best to wait for a breakout.
If the price stays above this support level, we can expect a bounce upwards. However, if it breaks below this level, we might see the price drop toward $50,000.
Currently, the 100-day Simple Moving Average (SMA) is acting as support, and this blue line is strong support, which is around 50k.
20 hours left in Bitcoin halving, what do you expect?
I'll continue to provide updates, so stay tuned for more information.
#Crypto #BitcoinHalving CRYPTOCAP:BTC $BTCUS BINANCE:BTCUSDT
🗺️Bitcoin Roadmap🗺️⏰(15_minute time frame)⏰🏃♂️ Bitcoin is moving near Potential Reversal Zone and Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing wave 5 .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔 I expect Bitcoin to reach at least the 🎯Target🎯 I specified on the chart.
❗️⚠️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.
Rebound at the bottom of BTC boxHi friends, nice to meet you. I brought you a bitcoin answer sheet that you're really curious about
It is moving in the BOX pattern and drawing a little BEARISH EXTENDED WAVE.
If it break through wave, It will break through the next fallow image's short-term RED downtrend line and the upper zone and will go to the recent high, which is the end of the box's upper.
📊#BTC next structural evolution ideas🧠➡️From a structural point of view, we have had a good rebound after completing the goal of the double top structure, and there is also an expectation of a rebound after sweeping the liquidity pool. Therefore, there is an opportunity to build a head and shoulders structure near the buy zone and continue the upward trend. Note that this structure is established after a successful breakout of the inflection point.✔️
➡️From a wave theory perspective, it appears that we still have Wave 5 to complete, and if this scenario occurs, focus on buying opportunities near the major support lines. Note that if the head and shoulders structure is established, then this scenario will most likely not happen.⚠️
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend .
🏃♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback .
🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 .
🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line .
❗️⚠️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)⏰🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame .
🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢.
❗️⚠️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 Is Ready to Fall⏰(1-hour time frame)⏰🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) .
📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Bitcoin to start falling after breaking the Support lines(weak) , at least until one of the Fibonacci lines .
💡To have a better view of Bitcoin , I suggest you look at the post below (4-hour time frame) .👇
❗️⚠️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 Distribution or Reaccumulation IIEverything I wrote in my previous TV idea still applies.
Understanding Bitcoin's reaccumulation schematic, which I believe is currently in play, can provide us with valuable insights and potentially profitable opportunities as it resolves to the upside.
However, there are a few factors to consider:
1. Assuming this is reaccumulation, will we see a sweep of the lows in a spring before continuation?
2. Bitcoin has made LHs, which could signal a change in trend. How do we counter that risk?
3. What are the most potent S/R levels? A breach of these levels, both up and down, will provide clarity.
Reaccumulation Scenario:
1. If Bitcoin is in reaccumulation, there are two options:
a. Direct Breakout: If the price exceeds the 21D EMA, the 50D EMA, and 67.2K, I will assume a direct breakout to the upside.
b. Spring Action: Failing to break above the 50D EMA will signal an impending spring action. In that case, I will look for a long trade if and when Bitcoin reclaims the range low.
Descending Triangle:
If Bitcoin continues to make LHs, I will consider this an Ascending Triangle. The possible target of such a pattern could be as low as 48K.
Do I think it is likely? No. However, it is best to be prepared.
What do you think?
Please share in the comments.
Best Wishes
📊#BTC short target achieved, be wary of rebound⚠️🧠Graphically, we started a decline after breaking below the lower edge of the rising wedge.
➡️From a structural point of view, we started to fall after building a double top structure near the resistance zone. At present, the goal of this structure has been achieved, and there is an expectation of rebound.📈
➡️From the perspective of wave theory, we have completed wave 3 and are moving towards wave 4. Wave 5 may occur, so the pullback may not be over yet, and the bullish call needs to be conservative! !⚠️
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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📊#BTC bull flag! How to respond❓🧠We are currently in a phased resistance zone. If you have a long order in the buy zone, you can lock in the main profit when the profit is sufficient, and then look forward to more in a low-risk way.
➡️If you don’t have any orders, it is not recommended that you chase the rise now because the profit-loss ratio is not good. Please be patient and wait for the buying opportunity when the price may return to the buying zone again.
➡️From the perspective of morphological structure, the probability of continuing to consolidate sideways here is relatively high, so be patient.☕️
✔️Trade safe✔️
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📊#BTC different cycles explained in detail🔥🧠 Judging from the monthly cycle , the overall trend is bullish, so we are mainly bullish. The ideal target can reach 134.8k-175.5k. The heaviest periodic resistance area in the near future is 87k-95k. The price will be more likely to make a major level adjustment when it reaches here. It is also the best short-selling area. If the development goes as expected, it is possible to make big money. Therefore, if you miss this area and want to go short, you should focus on short-term trading, and don’t be too greedy! ! !
➡️Because it is approaching the end of the month, if the monthly closing price is higher than the neckline of the monthly level, it will be regarded as an optimistic signal.
➡️If development goes as expected, structurally speaking, it may form the largest cup-and-handle structure ever built.
⚠️Notice! This is my prediction and conjecture. The specific market structure is based on actual development and is for reference only! ! !
From the daily level , if we continue to choose to consolidate sideways here, then we can easily find that this is a bull flag in terms of form. This means that we still need to stay in this area for a long time to digest the selling pressure here, and try to focus on conservative trading during the complex consolidation stage.
So when the price pulls back to the buying zone again, just buy boldly! If it falls below this buy zone, then just focus on the daily and weekly level buy zones.
From the 2-hour level , a cup-and-handle structure has formed here, so we chose to add positions near the neckline. It has successfully broken through the turning point, which means that the previous adjustment is over. If you buy according to the cup-handle structure as the entry logic, then the current price has reached the stage resistance zone, you can lock in the main profit, and use the profit position to look forward to more.
⚠️Don’t forget risk management💯
✔️Trade safe✔️
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away.
💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening .
🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 .
🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I specified on the chart.
❗️⚠️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 will continue to rise according to the cup-handle structure🧠From a structural point of view, a classic cup-and-handle structure is formed here. We will continue to rise according to this structure. For phased resistance, we need to pay attention to the neckline at the monthly level.
➡️From the perspective of wave theory, breaking through the turning point (wave 4) means the end of the main downward wave, and the possibility of reversal will be further confirmed. All subsequent callbacks can be regarded as good long opportunities.
Let's see👀
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