Bitcoin Weekly Overview With Possible 35K Touch!Bitcoin went and grabbed the liquidity of a weekly candle (at its top) and now its consolidating .could see 1 more liquidity grab to the upper side then starts to go to our first target 35.
also discussed about Continuation of this bullish move in the video.
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Bitcoinanalysis
Bitcoin Will Continue Consolidating And LiquidatingBitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
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Bitcoin bull run to $170,000 or to $1,000,000 imminent?Highlights:
Two paths, the least bullish path to $170k and a more bullish path to $1M
Next major pivot is still on June-Aug 2025.
Next #BTC targets are $170,000 and $1,000,000
1. path to $170k
- A flat with a corrective wave going up to $170,000 and a sharp correction afterwards before another major bull run in 2025.
2. path to $1M
- A 5-wave up to $1M
3. TIME ANALYSIS:
The next major time zones are still on 2025, which means the ongoing upward movement may lust until then. I used fib time zone from the base of Dec 2018 to the highs of June 2019 as the first major fib time zone. The next fib time zone is from the base of March 2020 to the highs of April 2021. Just see the accuracy of the time zone below.
4. The fibonacci levels used are created by a fib retracement on the very first wave 1 to wave 2
Bitcoin Stochastic Breakout for Macro Bull towards $40kBitcoin is looking strong here, we are almost about to end this correction with bitcoin reclaiming the lost momentum on stochastic. If we breakout of stochastic this will lead to major squeeze, a trendline breakout on price action will take us back to $40k.
#bitcoin #btc
Bitcoin 28000 in August. And when we find the bottom? BINANCE:BTCUSDT
The problem with technical analysis - we have a so much indicators and technics which showed us different numbers.
On candles chart youll see another numbers, with lines totally different, and also on different timeframes either will show one more side of chart, so we dont know which one is correct. BUT
Daily timeframe chart on BTC in Line chart look like this now.
Possible Targets
➡️Downtrend line with 2 perfect touches, waiting third touch, most likely with rejection again around 28000
➡️Between 28000 - 32000 now very strong sellers zone, which I dont think we break in August.
➡️ After test 28000-30000K we can slowly going down but over downtrend line to buyers zone again 19000 by end of September/October
➡️19100 Previews ATH 2017 and around 13100 in 2018 by line chart so I think we will hold the line and dont break this levels
➡️ The crowd is waiting 10-5K the same like Crowd waited 100K - huge trap!
➡️ My most negative scenario is around 15300 in November - test global yearly support line so everyone open short and waiting 10K sure
➡️ After October Im expecting sideways move and total disbelieve on market, so in November we slowly start new cycle.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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BTCUSDT: Market about to experience reversalBTC has been on an uptrend for a while now. However, the main trend is bearish. Market retracing back to a support area which has now turned resistance on a monthly chart. For entry, I'll be using a daily chart to position myself in for the sell.
Expecting price to drop down to point of interest, then, I can see a push up back to $61k
This is a monthly chart
Is This It?We have been bullish on Bitcoin for quite some time, as my previous posts can witness.
Looking for a potential upside resumption in place as we could now expect a series of wave threes and fours.
As always feel free to let me know in the comments what your thoughts on BTC are, if you enjoy the content, please leave a like.
Trade safe!
₿itcoin will go ✈️UP✈️ by Falling Wedge Pattern⏰(15_Min)⚠️Yesterday, after the news of the approval of the Bitcoin ETF was confirmed to be Fake , Bitcoin fell again after breaking the🔴 Resistance zone($28,450-$28,000 )🔴.
🔄Currently, the 🔴Resistance zone($28,450-$28,000)🔴 has become a 🟢Support zone($28,450-$28,000)🟢 in my analysis.
🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to rally to at least the ⬆️ Upper ⬆️🟡Price Reversal Zones(PRZ)🟡 after entering the ⬇️ Lower ⬇️ 🟡Price Reversal Zones(PRZ)🟡 and reacting to the Pitchfork and Fib channel lines .
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🌐➕ Positive News ➕🌐:
FTX customers could get $9 B shortfall claim payout by mid-2024.
The number of wallets holding between 100 and 1,000 Bitcoins has reached an all-time high this year.
Cathie Wood Says 'Hopes Are Rising' For Bitcoin ETF Approval By SEC
🌐➖ Negative News ➖🌐:
US Government Holds $5 B in Bitcoin: WSJ.
Bitcoin (BTC) Collapses 8% as BlackRock Denies ETF Approval Rumor.
Binance Will Stop Accepting New User Registrations in the UK Starting Today.
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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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
✈️Bitcoin Will Go Up again✈️🔨Bitcoin seems to be breaking the Ascending Channel and 🟢 Support zone($27,580-$27,300) 🟢.
🌊According to Elliott's wave theory , Bitcoin has completed a Zigzag correction(ABC/5-3-5) in the ascending channel, but we have to wait for the next moves to confirm the end of the main wave B .
💡Also, the RSI indicator managed to break the Uptrend line and is currently moving near the 50% line ; I expect the RSI indicator to pull back to the Uptrend line .👇
🔔I expect Bitcoin to at least decline to the next 🟢 Support zone($26,880-$26,500) 🟢 and then rise again and touch the minimum Resistance line again.
Bitcoin Analyze ( BTCUSDT ), Daily 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 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 Mid-Term Analysis📊👋Hi everyone.
📈Today, I decided to analyze Bitcoin almost completely on a weekly time frame with the help of technical analysis tools to give you a good view for the mid-term .
✅After rising almost ➕15% for the past four weeks , Bitcoin has started to decline again (as I expected in previous posts ✅).
☠️One of the reasons for Bitcoin's fall again in terms of technical analysis was the Death Cross Signal .
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
🌊According to Elliott's wave theory , Bitcoin completed its 5-impulse wave at $31,800 and is currently completing corrective waves. It is better to know that because the main wave A has 5 microwaves, the structure of the corrective pattern should be in the form of a Zigzag correction(ABC/5-3-5) .
🌊It seems that the main wave B has also ended, but to confirm this, we have to wait for the break of the Support line and the 🟢Support zone($26,880-$26,500)🟢 .
🌊After confirmation of the end of the main wave B , I expect the main wave C to finish in the 🟢Heavy Support zone($25,280-$23,900)🟢 or one of the 🟡Price Reversal Zones(PRZs)🟡 , in terms of timing, the end of the main wave C could be in one of the ⚫️ Time Reversal Zones(TRZs) ⚫️.
❗️ Note ❗️: The price and time of the end of the main wave C depends on the fundamental conditions of the cryptocurrency market and other parameters ( 💲Interest rate💲_⚔️War⚔️_🐳Behavior of whales🐳_🔄On-chain Data🔄_etc. )
🔔I expect Bitcoin to rise to at least the previous high($31,800) after the correction waves are completed.
🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚educational📚 aspect for you.
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I would be happy to share your opinion about Bitcoin for the mid and even long-term below this post.
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Bitcoin Analyze ( BTCUSDT ), Weekly 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 not in a downtrend yetRead the description carefully:
Before you read the description we must say that we have no bias towards any symbol and we only publish what the chart shows us.
If the green range is maintained, it is possible to make a new high, but it is really difficult, but not impossible! For this, the green range should be maintained.
If the green area is maintained, a new Bitcoin rally will begin in September or October.
In the upper regions, there are liquidity pools that, if collected, will provide the necessary fuel to move towards the lower regions.
An important support that can stop the correction that is going to happen is the $11,000-$12,000 area.
Bitcoin is bullish until the $24,749 area has not been broken with a candle body on the daily time frame.
This is a long-term analysis, you should not fomo.
What will be the violation of this analysis? A heavy fall in the coming days and the loss of the green area!