BTC new target BearishNext stop could be $51000 in next few days, currently no volume is observed. and market is falling continuously like it was going up
Bitcoinanalysis
Bitcoin Cup and Handle?Owhooooo!
This weekly chart has me howling for the moon!
It seems like the Bullish Cypher is still playing out, and the giant Cup and Handle formation could be in play. If we do see a pullback, I think this would fit nicely into the overall continuation of the Bullish Cypher trend.
So I'll be looking for this pullback to form the handle, and my own personal strategy is to use this (if it happens) to accumulate MORE Bitcoin.
I'll be hiding in the bushes and waiting to see how this plays out.
What do you think will happen?
Bitcoin Broke New High – The Real Reasons Behind ItThe relationship between inflation and Bitcoin - they moves in tandem together, in the same direction.
We saw Bitcoin has broken above its 2021 high, and it is likely to continue this trend.
Many attribute the reason behind this rally to the approval of Bitcoin ETF by SEC in January of this year. While this approval serves an incentive, the core reason for this rally is the resilience of US inflation, meaning the inflation is still pretty stubborn, not coming down to the 2% target.
Micro Bitcoin Futures & Options
Ticker: MBT
Minimum fluctuation:
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Bitcoin will Fall after🚨Bull Trap🚨🏃♂️Bitcoin is moving in the 🔴 Resistance zone($69,000_$65,000) 🔴.
📈From the point of view of Classic Technical Analysis , it seems that a Rising Wedge Pattern has been formed, although, at the same time, we seem to have witnessed a Bull Trap , and this Bull Trap caused a new All-Time High(ATH=$69,990) to be created for Bitcoin.
📚What is the 🐮Bull Trap🐮❗️❓
🔸 After a minimal rise, the bull trap forms when analysts and traders expect the price to move upward, so traders open their long positions, hoping for the price to go up. However, that’s not the case. The price goes down, trapping those traders who thought otherwise.
🔸In this case, traders without correct stop losses suffer heavy losses. They are the so-called bull trap fallen.
🔔I expect Bitcoin to fall to at least one of the Fibonacci levels( after completing the pullback to the lower line of the Rising Wedge Pattern .
❗️⚠️Note⚠️❗️: If Bitcoin makes a new ATH again, the analysis will be failed.
❗️⚠️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.
After the New ATH of Bitcoin, what should we expect (Reasons)❗️❓😱Today, a new All-Time High(ATH) was created in most of the exchanges . Perhaps the movement of Bitcoin last week surprised many people, and many did not expect Bitcoin to touch All-Time High(ATH) before the new Halving . But it was expected that Bitcoin would react near the previous All-Time High(ATH), and the same happened. There are many reasons why Bitcoin should be corrected ( Fear and Greed index, Open Interest value, etc.).
💡 Bitcoin has started to decline from the 🔴 Resistance zone($69,000_$65,000) 🔴 and has managed to break the Uptrend line .
🌊According to the theory of Elliot waves , the end of wave 5 was in the 🔴 Resistance zone($69,000_$65,000) 🔴 , and we should expect correction waves ; one sign of the beginning of correction waves is the breaking of the Uptrend line . Another sign is the Regular Divergence(RD-) between two Consecutive Peaks.
💡One of the other charts that can help us confirm the Bitcoin correction is the Market Cap USDT Dominance% (USDT.D%) chart.
💡 USDT.D% after breaking the Support line and the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 caused the cryptocurrency market to increase significantly in these weeks.
💡Currently, USDT.D% is in 🟡 Potential Reversal Zone(PRZ) 🟡and near Support lines and has also touched the 🎯Symmetric Triangle Target🎯 . I expect USDT.D% to rise to at least one Fibonacci level .👇
🔔I expect Bitcoin to start going down again after possibly playing around $61,500 for a while and at least down to the Support line and 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️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.
Bitcoin could continue its ascent to 67Last week was quite eventful for $BITSTAMP:BTCUSD. After breaking out of the two-week-long rectangle consolidation, the price surged, increasing by $10,000 in just a few days, or more notably, around 20%.
However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark.
The positive aspect for bulls is that this consolidation is forming a symmetrical triangle, which typically indicates a continuation pattern.
The target for this pattern is the 67k zone.
In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
Bitcoin break out to a new ATH 78k - 81k ?Here is a huge bull flag breaking out as I write this on the 4hr chart. This can easily be a fake out but with the strength that BTC has shown, I can't underestimate it. Still with halving right around the corner, and BTC already being in extreme overbought zones, a -30% pull back can happen at any moment. 👍
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰😱Bitcoin surprised everyone in the last two days ( without any correction ) and increased by more than ➕25% . One of the biggest drivers of Bitcoin to increase again was MicroStrategy .
🏃♂️Bitcoin is currently moving at the 🟡 Potential Reversal Zone(PRZ) ($65,120_$56,300) 🟡and the Resistance line (we also saw the 🐮 Bull Trap 🐮).
🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 5 .
💡In general, the distance between the Price of Bitcoin and the SMA(100) has increased, and the correction can probably continue until the SMA(100) .
🏃♂️ Market Cap BTC Dominance% (BTC.D%) has entered the 🟡 Potential Reversal Zone(PRZ) 🟡, and I expect a correction to the Support line .👇
🔔I expect Bitcoin to decline to the 🟢 Support zone($57,580-$56,320) 🟢 and then attack the Support line .
❗️⚠️Note⚠️❗️ : So far, Bitcoin has not touched its All-Time High(ATH) before halving. Can Bitcoin touch $69,000 before Halving ❗️❓
❗️⚠️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 → Bitcoin Near Resistance! Should We Short? Let's Answer.Bitcoin is in a critical price zone as this bull run has taken us from $15,500 to $52,800. Is this a situation where we short? Or do we prepare for a long?
How do we trade this? 🤔
Shorting may be an option for a lower timeframe such as the 15m or 1HR. I would not be shorting on the Daily or Weekly candles, but waiting for the price to pull back to enter a long.
As outlined in my Bitcoin Lifetime Analysis, I believe Bitcoin is due for a major pullback ranging from 30-50% toward the $25,000-$30,000 price area:
I would target a long entry in the $35,000 price area, set a stop loss either below the $15,500 low and target a 1:3 Risk/Reward, or a stop loss below the previous trading range at $25,000. Look for a double bottom around the Breakout Support area at $31,800 with a strong bull signal and confirmation bars. From there, reasonable take profit targets include 1:1 Risk/Reward at $42,300, just below the current price at $51,000, just below the previous all-time high at $65,000, and just below $100,000 which is a psychologically even number target.
💡 Trade Idea 💡
Long Entry: $35,575.00
🟥 Stop Loss: $22,900.00
✅ Take Profit #1: $42,300
✅ Take Profit #2: $65,000
✅ Take Profit #3: $98,000
⚖️ Risk/Reward Ratio: 1:5
🔑 Key Takeaways 🔑
1. Three pushes up toward a Resistance Area of $52,800
2. Resistance area is derived from the 2021 Head and Shoulders pattern
3. Wait for the price to pullback between 30-50%, and look for a double-bottom reversal pattern near $35,000
4. Long at 1:5 risk reward and take profit at three key levels
5. RSI is overbought at 78.00 which supports the pullback.
💰 Trading Tip 💰
Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Bitcoin Colors Dedicated to DanSo its been a gruesome past few years...? maybe not for you ? maybe it was prosperous for you? {9k to 64k ?} lol Much love & respect "Coach" i present you with Bitcoin Colors. Prevailingnine 3.13.23
Bitcoin Prehalving TOPHello folks , hope you having exciting days .
Last TA worked properly but i was expecting more than 20% dump , although i told you we are in a unpredictable situation and we wont sell we just wait for a buy situation , nothing can force me to fall for any traps tho .
Red area is the prehalving top in my idea , usdt.D can goes down a bit but its on a strong support which will hold and its RSI is ridiculous.
For some other reasons i think that BTC is on its top and will fall to approximately 0.5 to 0.61 fib levels wich are my previous targets , it will be sharp and it’ll cut so be careful, as i say its not a smart time to sell so I would be prepared to buy only , be careful about altcoins as btc.d is on strong support and any dump will smash alts .
Stay safe fam .
BUY MORE BITCOIN !!!HELLO TRADERS
BTCUSD is trading above the 50K$ which is sign just the continuation of the new bull run in the Crypto World Technology is going to change the World Ecosystem we are buying #BTC from since it was break 22K$ Zone and looking for new higher high in this year Friends this week FOMC meeting can create volatility in the markets so always try to get lower low entry for a new bull run its just starting BTC will hit 60k$ incoming days Friends its just an trade idea share your thoughts with we appreciate Ur love and support
STAY TUNED
for more updates
Bitcoin is still bullishBitcoin's structure is bullish, we've had some major breakouts on the chart.
We have a support area on the chart that I have shown with a green box.
Bitcoin, by hitting the green box, it is expected that the red boxes, which are supplies, will be pumped
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin Possible Scenarios Hi everyone,
What I think about CRYPTOCAP:BTC and all possible scenarios in the last week of February leading into March. A continuation of the uptrend or a pullback to retest the 44k-46k support?!
We shall see!
As always, this is not a financial advice and please do your own research.
Goodluck
🚧Bitcoin can GO DOWN by Rising Wedge Pattern🚧✅Bitcoin has managed to form a Rising Wedge Pattern near the 🔴 Resistance zone($52,820-$52,460) 🔴.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔After breaking the Support line , I expect Bitcoin to go Down to at least the 🟢 Support zone($50,840-$50,200) 🟢 in the next hour.
❗️⚠️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.
Expanding Ending Diagonal Can Cause a Correction in Bitcoin🧐👋Hi everyone.
🚀Bitcoin continued its upward trend after a series of News and Joe Biden's strange Tweet (red eyes).
🏃♂️Bitcoin is moving near the upper reaches of the 🔴 Heavy Resistance zone($53,000-$47,000) 🔴, Resistance lines , and 🟡 Potential Reversal Zone(PRZ)($52,700-$51,780) 🟡.
🌊According to the Elliott wave theory, it seems that Bitcoin has chosen the Expanding Ending Diagonal Pattern to complete the fifth wave ( As long as Bitcoin cannot break the 🔴Heavy Resistance zone($53,000-$47,000)🔴, this wave count is valid. ).
📚The Expanding Ending Diagonal Pattern ( Elliot's point of view) is the same as the Ascending Broadening Wedge Pattern ( Classical Analysis point of view).
❗️⚠️Note⚠️❗️: If Bitcoin can touch $53,700, some corrective scenarios will expire, and we can expect Bitcoin to continue its upward trend to $56,000 in the coming days.
🔔I expect Bitcoin to go down to at least $50,000 , where the most volume trading has happened around this price in the past few days, and if Bitcoin can create a candle below $50,000 in the 4-hour time frame , we can expect a lower line of Expanding Ending Diagonal Pattern will break, and Bitcoin will fall even to the 🟢 Support zone($49,000-$47,000) 🟢.
📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios in which you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario.
❤️In the end, here is some advice for you as a little brother:
🔸TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and NOT waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect .
🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸I hope we can use TradingView to increase our capital and knowledge .
❗️⚠️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.
🚨Bitcoin is Ready to Decrease to the Uptrend line🚨🏃♂️Bitcoin is moving in the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🌊According to the theory of Elliott waves , five impulse waves have been completed in 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
🔔I expect Bitcoin to fall at least to the Uptrend line , and if this line breaks, we can expect Bitcoin to fall to the 🟢 Support zone($44,700-$41,780) 🟢.
❗️⚠️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.
Run it back Turbo! besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc.
the probability that we have bottomed out is in my opinion quite high from what i see and feel.
so here i drew some trendlines and a fib circle
the Ellipses are equal size (copy/paste)
they seem dancing around the following fib circles coloured RED.
1st = 1.618,
2nd = 4.618,
3rd = 6.618
i speculate the upcoming 4th = 8.618
added the past halving dates and upcoming 4th halving aprox early Q1 2024
of course this is not financial advise but an idea exploring visible patterns and possible target zones.
let me know your thoughts.
BITCOIN - Weekly Outlook 13/02/24'Hello everyone,
hope you guys doing great.
So those who follow know, that my close monitoring and breaking down chart payed off...
Since we was able to recognize that probabilities of reverse shifting and favouring Upside price targets when Price was refusing to go lower under price level I ment in last updates..
So hope everyone bagged some profits already, and if not, its still great time to do right now as we sits just around 50k which is GREAT price for some profit taking for several reason, more about why you can find inside ↓↓↓ ...
As for WHAT Im doing RIGHT NOW - is that I closly follow lower time frame charts 5min/15min and 1h...
Since Im of opinion that we rallied A LOT already and is Tuesday, which following my data shows as a day with the MOST Liquidity reverses (meaning, we go for Sellside liquidity)..
So with that in mind and aswell upcomin US CPI numbers Im alerted that there is highier chance of revisiting Lower prices then sustained rallie on upside.. BUT!! even in this scenario Im thinking that is still possible that price can rallie a bit highier (51k to 51,8k max.) BEFORE reversing... at least for this WEEK!
-- In simple terms, I think we can rallie today up to 51,8k MAX! as a possibility, but Its Low% chance BUT if its happend, IT WILL BE GREAT SHORT ENTRY PRICE for me! --
--- IN THE SAME TIME - I think we are in GREAT SHORT PRICE entry RIGHT NOW, since, we already rallied a LOT, and above ment price is only 2% max.3% highier.. and since its possible we dont get that PERFECT entry area around 51k... it would be SMART to follow lower time frames as I ment, and entry "smaller" position In correct time, before building that short trade more ---
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
BTC reached a resistance Now BTC is facing resistance here on the line which i drawn a month back. lets see the next moment .
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰🏃♂️After breaking the 🔴 Resistance zone($44,700-$41,780) 🔴, Bitcoin has reached the top of the Ascending Channel with the help of the Symmetrical Triangle Pattern .
🏃♂️Bitcoin is also currently moving near the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
🌊In terms of Elliott wave theory , Bitcoin seems to be. It has completed wave 3 at the top of the ascending channel and is completing wave 4 .
🔔I expect wave 4 to end near the broken 🔴 Resistance zone($44,700-$41,780) 🔴 and Bitcoin will start to rise again to the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
❗️⚠️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.
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line .
🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves .
✅Bitcoin broke the Uptrend line .
🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon.
❗️⚠️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- Consolidation with bearish implicationsAfter the recent dip to the 38k zone two weeks ago, BITSTAMP:BTCUSD began to rise and reached the 44k resistance level.
However, the upward movement appears to be corrective in nature, and the consolidation over the past week suggests bearish implications, raising the possibility of a lower high forming at 44k.
The short-term support is situated around the 42k zone, and a break below this support could trigger a new downward movement. As long as the resistance at 44,000-44,500 remains intact, my focus remains on a drop towards the 36k zone.
