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Bitcoinanalysis

🗺️Bitcoin Roadmap🗺️⏰(1-hour time frame)⏰💡Bitcoin tried many times to break the 🟡 Price Reversal Zone(PRZ) 🟡 but failed every time. 🌊In terms of Elliott wave theory , Bitcoin seems to have found microwave 5 of the main wave C at the 🟡Price Reversal Zone(PRZ)🟡 and the upper line of the Rising Wedge Pattern . 💡One of the confirmation signs of our wave counting can be the presence of Regular Divergence(RD-) between two micro waves 3 and 5 of the main wave C. 🔔I expect Bitcoin to attack the Support lines and the lower Rising Wedge Pattern line after breaking the 🟢 Support zone($38,000_$37,650) 🟢. ❗️⚠️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.
Short
by pejman_zwin
26
🚧Bitcoin Can Drop by Rising Wedge Pattern🚧🏃‍♂️Bitcoin re-entered the 🟡 Price Reversal Zone(PRZ) 🟡 and is currently moving in this zone. 📈If we look at the chart from the view of Classical Analysis , it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure. 💡Also, we can see Regular Divergence(RD-) between Consecutive Peaks .( Volume ) 🔔I expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the 🟢 Support zone($36,000_$35,560) 🟢. ❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change. ❗️⚠️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.
Short
by pejman_zwin
28
Bitcoin Falling to $35,000!? The Ascending Wedge Calls for Doom.Bitcoin has fallen out of the 4HR bull channel and failed to break above the Weekly Resistance 3 times. This is a decent short-term sell signal that if your trade is managed properly, the probability of profit is on your side. How do we trade this? Bitcoins macro trend is bullish, so we must exercise caution when considering a short. While the trend is a major data point, we must also consider the rest of the picture in front of us. Bitcoin has failed three times to break Weekly Resistance, a reversal signal. We've fallen out of the 4HR bull channel, another signal to sell. There's a gap to minor support which has been tested twice and the RSI is below the Moving Average with room to fall; all data points in favor of a short. It is reasonable to have a short-term sell bias on this 4HR timeframe but proceed with caution. The first sign of a bull reversal bar closing on or near its high means it's time to exit the trade. Trade Idea: Short Entry: $37,630 Stop Loss: $38,270 Take Profit: $36,350 Risk/Reward Ratio: 1:2 Key Takeaways 1. Fell out of Bull Channel, Now in Ascending Wedge. 2. Currently re-testing bull channel support. 3. Gap down to Minor Support at $36,200. 4. RSI at 48.00 below Moving Average, Bias to Short. 5. Short to Minor Support. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
🚀Bitcoin is Ready to Attack to Resistance lines Again🚀🏃‍♂️Bitcoin is moving near Support lines and a cluster of Fibs and lower line of Descending Channel . 🌊According to the theory of Elliott Waves , Bitcoin has successfully completed the Double Three Correction(WXY) in Descending Channel. 🔔I expect Bitcoin to Go UP at least to the Resistance lines after the Descending Channel break. ❗️⚠️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.
Long
by pejman_zwin
50
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰💡For the umpteenth time, Bitcoin is trying to break the 🟡 Price Reversal Zone(PRZ) 🟡 and a cluster of important Resistances (Pivots) . But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel , to break this critical area. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its five-impulse wave at 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . ⏰If we look at the 4-hour time frame , we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢 Support zone($36,000_$35,560) 🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡 Price Reversal Zone(PRZ) 🟡 to break .👇 🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢 Support zone($36,000_$35,560) 🟢 and Support lines . ❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡 Price Reversal Zone(PRZ) 🟡will be broken and my 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.
Short
by pejman_zwin
32
Bitcoin's X-Wave Symphony: Unlocking G, H, I PotentialDeciphering Bitcoin's Monthly Odyssey: Unveiling a NeoWave Correction Introduction: The Grand Correction Unveiled In the vast landscape of Bitcoin's monthly trajectory, a compelling narrative unfolds. Following a substantial downturn, Bitcoin is now engrossed in a corrective phase. This analysis delves into the ongoing X wave, discovering a symmetric pattern that holds the promise of completion through the G wave, with the mysteries of H and I waves yet to be unraveled. Key Insights: Unraveling the NeoWave Correction 📉 After a significant decline, Bitcoin's current correction takes center stage. The intricate dance of the X wave reveals a captivating symmetric pattern, providing a roadmap for the next moves. Symmetry in Focus: G Wave Approaches 🔄 Zooming into the details, our attention turns to the imminent completion of the G wave. Visual aids showcase the symmetrical pattern's evolution, laying the foundation for the subsequent phases. Anticipating the Future: H and I Waves on the Horizon 🔮 The chart becomes a canvas for future projections. The H and I waves, depicted in the analysis, beckon with potential trajectories yet to be charted. What do these forthcoming waves hold for Bitcoin's journey? Chart Analysis: A Visual Guide 📊 Visual representations within the provided chart illustrate the unfolding X wave and the anticipated moves of G, H, and I waves. A glance at this visual guide enhances the understanding of Bitcoin's current phase. Conclusion: Navigating the NeoWave Landscape 🚀 In conclusion, the NeoWave correction becomes a guide for Bitcoin enthusiasts. The imminent completion of the G wave offers a compelling narrative, yet the uncharted territories of H and I waves demand careful navigation. Disclaimer: Insights and Investment Caution ⚠️ This analysis is based on observed patterns and projections. Cryptocurrency investments carry inherent risks. Readers are advised to conduct thorough research before making investment decisions.
by TradingHeights
Bitcoin is Ready to ⚔️Attack⚔️ to Support zone⏰(1-Hour)⏰✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡. 🏃‍♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago. 🌊According to Elliott's wave theory , all the waves inside the ascending channel formed a Double Three Correction(WXY) . 💡As in my previous post, Bitcoin still has a chance to fill the first 🔵CME Gaps🔵. 🔔I expect Bitcoin to gradually approach the 🟢 Support zone($36,000_$35,560) 🟢 and Support line(2) and eventually break them. ❗️⚠️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.
Short
by pejman_zwin
64
Bitcoin- Back at resistance. Will it break this time?In my previous BtcUsd analysis, I said that 35k-35.5k is strong support for bitcoin and the main cryptocurrency remains bullish as long as this level is intact. As we can see from the chart, BtcUsd touched and reversed from this zone 3 times in the past month suggesting there is a strong demand under 36k. Yesterday the price rose back to resistance and I'm looking for a break. In this instance, Bitcoin could pass above the important 40k level. I remain bullish as long as support is intact.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
BTC BITCOIN Technical Analysis and Trade IdeaBTC BITCOIN has been exhibiting a robust bullish trend, prominently visible on a 1W weekly chart. Our focus zeroes in on the 1W and 1D time frames, strategically seeking the best entry points amidst a significant price swing with an anticipated retracement phase. Our focus lies in identifying retracement levels between 50% to 61.8% fibo zone, an area we favor for optimal entry. This video explores price action, market structure, and overarching trends, revealing crucial insights into technical analysis. Throughout this breakdown, we delve into pivotal aspects: market structure dynamics, price action nuances, trend patterns, and essential technical analysis components. It's pivotal to note that this content is intended for educational purposes only. As such it's essential to avoid interpreting it as financial advice. Keywords: BTC, Bitcoin, cryptocurrency, trading, technical analysis, market trends, price action, Fibonacci retracement, entry points, bullish trends
OANDA:BTCUSD
by fxtraderanthony
Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025Today we will try to summarize the results of 2022 and look a little into the future. What can we say, We think few people will deny that 2022 is one of the worst years that we have seen and consciously felt. Painful both separately for the participants of the crypto world and in general in the context of the economic, military and geopolitical situation in the world. In 2022, the value of most cryptocurrencies fell steadily, almost with no corrective rebounds upwards. At most - prices were stuck for several weeks in the sideways correction and then fell again. But usually, after a black streak comes a white one, so let's turn the 2022 page and look into 2023-2024-2025 Here is the BTCUSDT price chart on the monthly time frame Although the history of Bitcoin trading is not so long compared to other financial assets or indices, but a certain cyclically can be traced over a 12-year period. The behavior of BTC price movement can be divided before and after "halving". "According to the algorithm, the reward for the mined BTC block is halved +/- every 4 years, and the event itself is called "halving". On 28.11.2012, the first BTC halving took place. Back then, crypto was something completely unknown for 99% of people, then on a regular desktop computer, you could mine a BTC block and get a reward of 50BTC. From 28.11.2012 to 09.07.2016 - the reward per block was 25 BTC From 09.07.2016 to 11.05.2020 - the reward per block was 12.5 BTC Now the reward is 6.25 bitcoins, and from April 2024 (the projected date of future halving) it will be halved to 3.125 BTC. As the complexity of mining increases every day, the rewards will decrease until there are no bitcoins left to mine. Only 21 million bitcoins can be mined (and of these, 3-4 million are considered irretrievably lost). Calculations indicate that the last block should be mined in 2140." To summarize: after each halving, the supply of new BTC that can be sold on the market is greatly reduced, which according to the law of "supply and demand" only stimulates the price growth." If the BTC price is growing, which is already regarded by many as an "index of cryptocurrency stability", then altcoins are growing much more strongly in parallel. For example, we recently made an interesting idea for LTCUSDT. Litecoin is mining and has a halving on the same block as BTC, but the halving comes a little earlier. We describe it in more detail here If you are interested in when to sell your LTC, read and analyze. If we analyze the behavior of the BTCUSD price, we can confidently state the regularity and cyclicality: + BTC price minimum January 2015 + 17 months = "halving" July 2016 + 18 months of the rapid growth of the crypto market until December 2018. + BTC price minimum December 2018 + 17 months = "halving" May 2020 + 18 months of the rapid growth of the crypto market until November 2021. Now we prospect this pattern for 2023 - 2025 + If the minimum BTC price was recorded in November 2022 + 17 months = projected "halving" April 2024 + 18 months of the rapid growth of the crypto market until October 2025. This assumption, at least, has the right to life, and we remain to be closely monitored for it. Our expectations for 2023: - January 2023 - continued consolidation and bottom formation in the range of $16000-19000 - February 2023 - a shot up to $28000 - March - October 2023 - prolonged consolidation under the level of $28000 - autumn 2023 - breakthrough and consolidation of the BTCUSDT price above $28000 In 2024, a stable growth trend according to the fractal is expected. Autumn 2025 is the maximum price for possible future growth trend. Altcoins in 2023 may be less patient and start "shooting" up in the spring-summer of 2023, while the BTC price is in consolidation. By organizing a mini alt-season in 2023, the "big players" will be able to show that the market has come to life. They can hint and lure "new and fresh" money into the crypto world for a joint and powerful growth of the crypto market in 2024. This is a very necessary thing after a bunch of negative events in 2022. These assumptions also complement our analysis, which we wrote about the possible capitalization of the cryptocurrency market in 2023-2025 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
73
Bullish Outlook with Potential TargetsUpon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend. Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement. This has given rise to the formation of an Ascending Triangle pattern, a bullish continuation signal. The interplay between ascending support and a flat resistance level suggests potential upward momentum once the resistance at 37,900 is breached. This is promising setup for strategic entries, eyeing targets at 39,000, 41,000, and 43,000 for potential bullish moves. Learn more about triangles -
INDEX:BTCUSD
by Vestinda
2
Bitcoin Idea - BTCUSDT and BTCUSDHey, fellow traders, Let's delve into the intricacies of the Bitcoin price chart, dissecting the recent market movements with a keen eye on technical analysis. Here's a comprehensive overview: 1. Preceding the ascent to the $40,000 threshold, the market witnessed a corrective phase, experiencing a pull-back to the $34,000 level. 2. Post the retreat to $34,000, there exists a conceivable scenario where the price undergoes a neutral fluctuation within the $33,500 to $34,500 area, persisting for a duration of either 24 or 48 hours. This is attributed to two key factors: A. Fundamentally, the market's trajectory is influenced by multiple factors, from US news and developments these days to Black Friday 2023. B. In a speculative sense, this could serve as a respite for bullish traders, paving the way for a robust upward movement, aiming to breach the resistance at $38,000 and achieve a historic milestone at the psychologically significant round number of $40,000. In the realm of technical analysis, terms such as " pull-back" and " neutral fluctuation " are indicative of corrective phases and consolidation, respectively. Traders should remain attuned to these dynamics, incorporating them into their strategy to navigate the evolving market conditions. Stay vigilant and trade wisely . Arash COINBASE:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSDT 🚨 Heads up! what you're about to read is my take on the market. It's a mix of my own experiences, some real trades, and general observations based on what's out there in the public domain and historical data. The disclaimer: I'm no financial guru, so whatever moves you make in the trading world are totally on you, my friends. ✅ Got queries or suggestions? I'm more than happy to chat about any currency pair or index in Crypto Market or Forex that's tickling your fancy. Let's decode these markets together! 📈✨
by Arash-RK