1-BTC
BTC - Follow THIS Path to the HALVING📉Hi Traders, Investors and Speculators of Charts📈
If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) to happen very close to or just before the BTC halving, which is set to happen in April. This is based on a previous analysis that I did where we made a conclusion based on the price action of the previous BTC halvings before, during and after.
👉 Macro Analysis
Bitcoin is due for that 30% correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2). This will fall exactly on the white diagonal trendline, which is our support zone.
👉 Technical Indicator Analysis
Our technical indicator is still bullish, but showing "Overbought". In a higher timeframe, this usually means it can carry n for some time - but a pullback is imminent before another impulse upwards.
NOTE that I am BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in impulse wave 0-1.
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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P
Bitcoin Crash or Major rally?Bitcoin is into mega resistance right as the dollar has broken out.
Is BTC going to get snuffed at 50K into a weekly resistance pivot?
Is the halving to strong and going to push BTC to 100k?
Dissecting the technical, it appears Bitcoin could be vulnerable in the near term.
Bitcoin - THIS INDICATOR calls the TOP📉Hi Traders, Investors and Speculators of Charts📈
It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April.
We can confirm this bias by taking a look at a very specific indicator called the Balance of Power. Historically, on a macro timeframe, this indicator has been great at calling local tops and bottoms.
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BINANCE:BTCUSDT
Revised Bitcoin Path to $155k - $210k and $100k By the HalvingHere's my Revised Bitcoin Path to $155k - $210k and $100k By the Halving study.
Note: If you're using a Fib based on a Log scale these levels will change, but the $155k level is still the likely target based on a 1.618 vs a 3.618 projection.
In this video I've outlined the 10 factors including the ETF money flows already coming in.
Each of these factors could help ignite the other 9, and contributing to a near term mega rally.
The chart bars pattern in Blue is a copy of the previous cycle where this happened, so we we know this is possible.
A near term pullback from $50k is likely however, and healthy.
I anticipate this would be the best / safest entry point and best scenario for a much larger push higher as noted above.
I've also outlined 5 potentially negative factors which could slow growth, but are less likely.
Would love to hear your comments below!
BTCUSDT 4H
Hello
Let's have an update from Bitcoin
An important resistance zone has been reached. In the video, the bullish and bearish targets are fully explained
But pay attention, don't enter until you get confirmation, and if it enters time correction in this range, the probability that it will move up is very high.
Be successful and profitable
BTC BITCOIN Technical Analysis and Trade Idea#Bitcoin Technical Analysis
⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level.
⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely.
⚫ Optimal Entry Strategy: Target a potential buy entry near the 61.8% Fibonacci retracement level.
⚫ Trade Setup: Seek a daily timeframe price swing aligning with the 61.8% Fibonacci retracement. Place a stop-loss order below the previous swing low.
⚫ Risk Management: Maintain a minimum risk-reward ratio of 1:2.
Important Disclaimer: This analysis is intended for educational purposes and does not constitute financial advice.
BTC - 1.8B of OI entered and no signal for reversalBTC - 1.8B of OI entered and no signal for reversal
in most cases, good reversal appears
1. after MEssive liquidation (didn't happen yet)
2. After series of SL hunts in a range
3. Structure change.
we don't have any of it yet.
Watch fulll video to see my plan!
BTC - Detailed Update 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - $447m of Oi entered the market - soon it will make a moveBTC - $447m of Oi entered the market - soon it will make a move
Oi (open interest) - means amout of open contracts on Exchange. More contract means bigger moves
Price is in a range for many days. Soon it will break it as it did many days ago!
BTCUSD: Weekly continuation?Today's focus: BTCUSD
Pattern – Continuation (Bullish)
Support – 41,450, 38,514
Resistance – 44,713, 47,540
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart.
So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and forming a doji candle pattern, buyers continue to do the right things for a potential continuation pattern.
Will we see price contnue to push higher and test 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up.
Good trading.
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
SOL vs BTC : Where Have I Seen this FRACTAL 🤔📉Hi Traders, Investors and Speculators of Charts📈
Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before?
If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool to use when scouting for patterns. You can use a fractal in many ways, but I mainly gauge it against what happens next after the fractal on the origin chart.
We're doing the same thing today between SOL and BTC - using an old Bitcoin fractal to predict the potential next move for Solana.
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BINANCE:BTCUSDT BINANCE:SOLUSDT
BRIEFING Week #5 : Binary Mode for the MarketsHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
BRIEFING Week #4 : Pay attention to TreasuriesHere's your weekly update ! Brought to you each weekend with years of track-record history..
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That's the best way to support me and help pushing this content to other users.
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Will Bitcoin Tag 44k Before More Selling Ensues?Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall.
Plus, we'll start by looking at the DXY and SPY and I'll show you what is going on there and what that tells us about how crypto will move.