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Bitcoinanalysis

Bitcoin Analysis - Will History Repeat Itself?Hi traders.. Bitcoin's October Rally: Will History Repeat Itself? October has traditionally been a bullish month for Bitcoin, with notable price surges since 2013. The only exceptions were in 2014 and 2018. This year follows a similar pattern. Bitcoin showed stability leading up to the October 1st weekly close, having surpassed the previous month's end with minimal volatility. However, as the week concluded, Bitcoin experienced a sudden surge, propelling its price just shy of $28,000. Shortly after, it reached new heights, hitting $28,451 on Bitstamp. As of October 1st, the leading cryptocurrency has seen a 4.5% increase, based on data from allmost markets on TradingView. A closer look at the numbers reveals not only positive returns for Bitcoin in October but also an impressive average return rate of over 15% during this month historically. Considering this data and the average return rate, there is a compelling argument for Bitcoin's price potentially reaching approximately $32,500. Following this, it might reach a price between $34,000 and $35,000 in October. However, it's crucial to note the volatility of the crypto market. Bitcoin's price fluctuates due to factors such as supply and demand, investor sentiment, government regulations, and media hype, all contributing to its volatility. Note: In essence, while Bitcoin has a strong historical performance in October, there are no guarantees for this year. Investors must conduct thorough research before making any investment decisions. BINANCE:BTCUSDT BITSTAMP:BTCUSD Bitcoin vs US Dollar ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
Long
by Arash-RK
Bitcoin will go UP by Bullish 🏁Flag🏁 Pattern⏰(15Min)Hi guys, I hope that you had a great weekend.🥳 ✅Bitcoin seems to have managed to break the Important Resistance line ( at least temporarily ) and is currently completing a pullback to this line. 🏃Currently, Bitcoin is moving near the 🟢 Support zone($27,100-$27,040) 🟢and SMA(100) . 🏁In terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern . 🌊The structure of the waves inside the Flag is the Double Three Correction(WXY) type. 🔔I expect Bitcoin to rise toward the 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the descending channel . ❗️ Note ❗️: if Bitcoin goes below the 🟢 Support zone($27,100-$27,060) 🟢 we have to expect that Bitcoin will go down more. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: In general, October has been a good month for cryptocurrencies. 🌐➖ Negative News ➖🌐: New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions Gemini Crypto Exchange Exits Dutch Market. Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT. Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall. SEC Files Lawsuit Against FTX Auditor. -------------------------------------------------------------------------------- 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.
Long
by pejman_zwin
39
Bitcoin will Attack to Important Resistance line Again🚀⏰(15Min)🔄Bitcoin made some changes in its waves after yesterday's pump . 🌊In terms of Elliott waves , Bitcoin seems to be completing wave 4 with the Double Three Correction (WXY) . 🔔I expect Bitcoin to attack the Important Resistance line and 🔴 Resistance zone($27,600-$27,300) 🔴again in the coming hour. 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.
Long
by pejman_zwin
46
🚨Bitcoin will Go Down to support lines again🚨⏰(1-Hour)⏰✅Bitcoin reacts well to 🟡 Price Reversal Zone(PRZ) 🟡 and 🟣 Weekly Pivot Point 🟣. 🔔I expect Bitcoin to decline from the 🟡 Price Reversal Zone(PRZ) 🟡 to the support lines and 🟢Support zone($26,240-$26,000)🟢 again. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Ethereum futures ETFs could start trading next week — Bloomberg analyst. Crypto Exchange Kraken to Explore Stock Trading: Bloomberg. Gemini invests $24M for expansion in India. Shanghai publishes blockchain plan to support trade, metaverse, government affairs. 6th Swiss bank joins SDX crypto exchange. 🌐➖ Negative News ➖🌐: Bitcoin miner Marathon mines invalid block in failed ‘experiment’. Binance's CZ Could Face Criminal Charges: WSJ Binance fully exits Russia with sale to CommEX. Bitcoin Miner Selling Pressure Mounts as Hash Rate Peaks. -------------------------------------------------------------------------------- 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 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.
Short
by pejman_zwin
100
🚀Bitcoin will go UP by Falling Wedge Pattern🚀⏰(1-Hour)⏰✅As I expected, Bitcoin fell to the 🟡 Price Reversal Zone(PRZ) 🟡 at the weekend. 💡Bitcoin has succeeded in forming a Falling Wedge Pattern . 💡Also, we can see a Regular Divergence(RD+) between two successive valleys . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed wave 5 in in 🟡 Price Reversal Zone(PRZ) 🟡 🔔I expect Bitcoin to start rising from the 🟡Price Reversal Zone(PRZ)🟡in the coming hours after breaking the upper line of the Falling Wedge Pattern and at least rise to the 🔴 Resistance zone($26,800-$26,680) 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: South Korean City Aims to Become a Leading Blockchain Hub with $75 Million Investment. 🌐➖ Negative News ➖🌐: Coinbase holds 5% of all Bitcoin in existence: Data. Mixin Network Losses Nearly $200M in Hack. North Korean Lazarus Group amasses over $FWB: 40M in Bitcoin, data reveals -------------------------------------------------------------------------------- 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 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.
Long
by pejman_zwin
108
Bitcoin is Ready to Escape from Descending Channel⏰(15_Min)⏰💡Bitcoin is moving in a Falling Wedge Pattern on the 1-hour time frame (yesterday's post).👇 💡In the 15-minute time frame, Bitcoin is moving in a main ascending channel and in a secondary descending channel . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing corrective waves inside the descending channel . 🔔I expect Bitcoin to go up after breaking the upper line of the descending channel to the upper line of the ascending channel and the minimum 🔴 Resistance zone($26,800-$26,680) 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. Coinbase secures Bank of Spain registration as part of global expansion. NASA plans to prove its next Moon landing is real using blockchain. Binance looks to issue stablecoins in Japan with MUFG unit by end of 2024. Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox. Bitcoin gains legal recognition as digital currency in Shanghai, China. UAE Leads MENA Region in DeFi Adoption: Chainalysis Report. Kraken secures money license registrations in Spain and Ireland. 🌐➖ Negative News ➖🌐: Crypto funds see sixth straight week of outflows. Crypto Exchange Huobi Hacked for $7.9 Million. Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC holding. Chase Bank tells UK crypto users to take their business elsewhere -------------------------------------------------------------------------------- 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 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.
Long
by pejman_zwin
60
Bitcoin Crash by Ascending Broadening Wedge Pattern⏰(1-Hour)⏰✅Bitcoin crashed, as I expected in previous posts. 💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing its five downtrend waves. 🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move towards the 🟡Price Reversal Zone(PRZ)🟡 after breaking the support line . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data. Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M. 🌐➖ Negative News ➖🌐: Bitcoin Network Experiencing Something Yet Unseen. Binance Prepares to Delist Stablecoins Due to MiCA Rules. Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims. -------------------------------------------------------------------------------- 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 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.
Short
by pejman_zwin
84
🚨Bitcoin Falls by Ending Diagonal Pattern🚨✅Bitcoin has been responding well to my 🟡 Price Reversal Zone(PRZ) 🟡 for the past few days. 🌊According to the theory of Elliott waves , Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y . 🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line . --------------------------------------- 🌐➕ Positive News ➕🌐: Crypto Asset Market Cap Should Explode by ‘5 or 10x’ During Next Bull Market, Says Macro Investor Raoul Pal. Grayscale CEO Michael Sonnenshein Says US Has Chance To ‘Assert Its Dominance’ With Crypto Regulation. Grayscale Submits Application for New Ethereum Futures ETF. 🌐➖ Negative News ➖🌐: Dormant Bitcoin Address Holding $56.3M Springs to Life After Nearly 6 Years. U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi. -------------------------------------------------------------------------------- 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 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.
Short
by pejman_zwin
80
Bitcoin Crash from 🟡Price Reversal Zone(PRZ)🟡⏰(1-Hour)⏰🚶‍♂️Bitcoin is moving in the 🟡 Price Reversal Zone(PRZ) 🟡 and near the Resistance line and 50-SMA(Daily) . 🌊According to Elliott Wave Theory , Bitcoin seems to be completing a Double Three Correction(WXY) . 🔔I expect Microwave C of Wave Y to complete at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to fall to at least the Support Line . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: No Change In Rates Expected At Fed’s September Meeting. Record surge as Bitcoin micro investors reach all-time high. ‘Rich Dad’ R. Kiyosaki slams fiat money ‘FAKE’, says ‘crypto is the future’. Bitcoin (BTC) Surpasses Visa Transaction Volume. 🌐➖ Negative News ➖🌐: SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing. DeFi exchange volume down 15% on a monthly basis amid UNI, CRV price crash – VanEck -------------------------------------------------------------------------------- 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 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.
Short
by pejman_zwin
71
🔴 BITCOIN | There Will Be Blood September is the worst month in history of bitcoin, its a month that all Bears order Lambo! While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest. The BTC bullish momentum moving averages may act as resistance, It is no secret that Bitcoin has underperformed this month even by August standards, which have rarely given bulls anything to celebrate. volume is super low means more trader stopped trading and waiting for more confirmation. BTC is down 11% this month, and with the weekly close around the corner, anticipation is building among market observers. August 2023 is already vying with last year to become Bitcoin’s worst August since 2015. BTC price shed 13.9% in August 2022, a move which marked the beginning of half a year of pain. positive news events, such as the future green-lighting of the United States’ first Bitcoin spot price exchange traded fund , had not yet entered market consciousness. This week, despite containing the Fed’s preferred inflation gauge in the form of PCE, could well end up no different.PCE data is due on Aug. 31, hours before the Bitcoin monthly close, with Sep. 1 offering nonfarm payrolls and unemployment data The Bitcoin hash rate just hit 400 th/s for the first time ever which is mindblowing, considering the energy issues in Texas and the cost of electricity surging worldwide, means more whales prepare for new bull market The price of BTC is $25,965 today with a 24hour trading volume of 7 billion dollar. This represents a -0.6% price decline in the last 24hours and a -11% price decline in the past 14days most indicators all bearish and the next targets are 25,500$, 25k and 24,500$ whats your plan for September bloodbath ?
Short
by moonypto
6
🚨Bitcoin Fall after the failure of the Uptrend line🚨⏰(1-Hour)⏰✅Bitcoin managed to break the Uptrend line a few minutes ago. 🌊According to the theory of Elliott waves , Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴 Resistance zone($27,000-$26,350) 🔴 and near the 🟣Yearly Pivot Point($26,719))🟣 . 🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯 Target 🎯 I specified in the chart. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments? This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients. North Korean crypto hacks down 80%, but that could change overnight: Chainalysis 🌐➖ Negative News ➖🌐: Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins. Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex. SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing -------------------------------------------------------------------------------- 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 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.
Short
by pejman_zwin
87