Bitcoinanalysis
🚨Bitcoin ready to Fall again 🗺️(15-Min)🚨🚶♂️Bitcoin has been moving in an Ascending Channel for several hours.
🌊According to Elliott wave theory , Bitcoin seems to be forming a Double Three Correction (WXY) .
🔔I expect Bitcoin to fall at least to the Target I specified in the chart after Breaking the ascending channel.
❗️ Note ❗️: If Bitcoin breaks the ascending channel, the scenario will probably change
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🌐➕ Positive News ➕🌐:
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
🌐➖ Negative News ➖🌐:
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
Coinex confirmed its platform was hacked.
Coinbase to Face ‘Reality Check’ as Retail FOMO Is Fading, Mizuho Says.
Asia Remains Strong as Global Crypto Adoption Declines
Binance.US cuts third of staff as CEO Brian Shroder leaves.
US CPI inflation increases to 3.7% in August vs. 3.6% anticipated.
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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).
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Bitcoin Analyze🗺️(15-Min)✅Bitcoin managed to break the Resistance line hours ago.
🌊With Bitcoin breaking the Resistance line , we can confirm the end of the main wave A .
🔔I expect Bitcoin to reach the 🟡 Price Reversal Zone(PRZ) 🟡 in the coming hours and then start to fall until the resistance line (actually a pullback ).
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🌐➕ Positive News ➕🌐:
Tom Emmer Sponsoring Amendment To Prevent Gary Gensler From ‘Weaponizing the SEC’ Against Digital Assets.
ANTHONY POMPLIANO SAYS BITCOIN BULL RUN IS COMING.
Bitcoin Adoption: Addresses Saw 2nd-Highest Rise In History This Weekend.
Ex-PayPal, Facebook exec David Marcus says Lightning can turn Bitcoin into a ‘real global payment network.’
Long-term Bitcoin holders continue to eclipse the exchange supply.
Justin Sun plans to buy the tokens and assets of the bankrupt FTX exchange, which it can sell from September 13, to reduce the selling pressure on the market.
🌐➖ Negative News ➖🌐:
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
Coinbase To Put An End Operations in India.
Strong Dollar and Regulatory Woes Causing Negative Sentiment Among Institutions.
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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.
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🚨☠️Dead Cross☠️ Happened🚨💡First, I must say that the most important thing that happened a few minutes ago was the ☠️ Dead Cross Signal ☠️.
📚☠️ Dead 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 .
📚🥇 Golden Cross Signal 🥇: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
🌊Bitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
🌊Currently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
🌊After breaking the Uptrend line , we confirmed the end of the Main Wave 5 .
🌊Bitcoin is currently completing the first corrective wave, Wave A , in the 🟢 Heavy Support zone($25,280-$23,900) 🟢.
🔔I expect Bitcoin to start rising again from the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and get back near the upper line of the descending channel and then fall again and break the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and fall to the🟡 Price Reversal Zone(PRZ) 🟡 and fill the 🔵 CME Gap 🔵. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5) ).
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.
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Bitcoin is Ready to 🚀Pump🚀 Again⏰(4-Hour)⏰🤝Maybe everyone is watching Bitcoin, but I hope you are always in profit and enjoying your profit.
🚀Today, I want to share a bullish scenario that is not far away.
🌊For me, the best tool for determining the Bitcoin roadmap is the Elliott Wave Theory , as my old followers know.
💡Bitcoin is currently seriously attacking the 🟢Heavy Support zone($25,280-$23,900)🟢 for the second time, in my opinion. Generally, it takes more than two tests of a Heavy Support or Resistance zone to break. So, I expect Bitcoin to Fail the second time around.
🌊In terms of Elliott waves , Bitcoin seems to be moving in microwave 5 of the main wave 5 .
🔔I expect the main wave 5 to finish in 🟡 Price Reversal Zone(PRZ) 🟡, and Bitcoin will be pumped at least UP to the Resistance line (of course, after the Downtrend line breaks).
⚠️ Note : If BTC touches $23,000 Scenario will Change.
⚠️The negative thing that can worry us is that if Bitcoin issues the ☠️Dead Cross Signal☠️ , we should see the loss of the 🟢 Heavy Support zone($25,280-$23,900) 🟢.
📚☠️ Dead 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 .
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.
Another way to view my shorter-term downside idea back to $23kI pulled up an old chart of mine with these trend lines and price has done a good job staying within them.
This leads me to believe that we'll still get the move down that I've been expecting back into the $22k-23k region. As you can clearly see from the chart, the area hasn't been tested as support.
I think that'll need to happen prior to seeing our final move up to the $37k-44k region.
My guess is this move will play out sometime between Thursday the 20th and Friday August 7th.
Let's see if it happens.
Bitcoin ⚔️Attacks⚔️ the Support line again⏰(1-Hour)⏰🌟Bitcoin managed to form a Shooting Star Candlestick Pattern in 🟡 Price Reversal Zone(PRZ) 🟡.
🌊Regarding Elliott waves , it looks like Bitcoin is completing the Double Three Correction waves (WXY), although I have another wave count for wave 4, which again points to Bitcoin falling .
🔔I expect Bitcoin to Fall near the Support line .
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🌐➕ Positive News ➕🌐:
This Analyst Believes a Spot Bitcoin ETF Could Push Prices Over $42,000 Within 100 Days
Latest Comments from Coinbase CEO: “SEC Chairman May Change in 2024, We Are Developing New System Instead of Stablecoins”.
🌐➖ Negative News ➖🌐:
Crypto Liquidity Becoming More Concentrated Within Top Exchanges, Says Analytics Firm Kaiko.
🔥Mt. Gox repayment date looming.🔥
🔥The Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.🔥
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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.
Bitcoin is Ready to ⚔️Attack⚔️ the Support line⏰(15_Min)⏰✅As I expected, Bitcoin is completing the waves that I shared with you in the last few days. (I suggest you follow the previous posts to get a better understanding of the Bitcoin roadmap .).
↘️Bitcoin came back below the Resistance line and attacked the 🟢 Support zone($25,840_$25,600) 🟢.
🌊In terms of Elliott wave theory , Bitcoin is completing its 5-wave downtrend;it seems to be completing wave 4 in 🟡 Price Reversal Zone(PRZ) 🟡.
🔔I expect Bitcoin will attack the Support line .
📚Of course, it should be noted that wave 4 may continue on Saturdays and Sundays , the reason being that the Volume Trading is generally low on these days.
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🌐➕ Positive News ➕🌐:
Nearly Half Of Institutions Are Holding Digital Assets For Clients: Report.
JPMorgan moves into deposit tokens for settlements: Report.
🌐➖ Negative News ➖🌐:
Bitcoin liquidates $23M in shorts as BTC price tags new September high.
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep.
IMF Releases New Paper to Address Crypto’s Risks to Financial Stability.
11,196 Years Jail Sentence for Faruk Özer, CEO of Collapsed Turkish Crypto Exchange Thodex.
Bitcoin worth $128 million sent to exchanges.
FED Statement on Stablecoins!
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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 Ready to Fall Again🚨⏰(1-Hour)⏰✅As I expected in the post a few hours ago, Bitcoin was able to break the Resistance line(1) and reach the 🟡 Price Reversal Zone(PRZ) 🟡.👇
🌊According to the theory of Elliott waves , Bitcoin managed to complete the Double Three Correction(WXY) waves at the 🟡 Price Reversal Zone(PRZ) 🟡 and the Resistance line(2) .
💡Also, we can see a Regular Divergence(RD-) between Volume and Price between two consecutive Peaks .
🔔I expect Bitcoin to come back below the Resistance line(1) in the coming hours, and this time it is likely to break the 🟢 Support zone($25,840_$25,600) 🟢.
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.
BITCOIN BEFORE RALLYBitcoin on the daily timeframe forming uptrend channel, it shows that the buyer constantly make a positive move since last bottom on November 2022.
by Price action perspective we can see that bitcoin will forming ABCDE inside the channel. the opportunity for long 21200 - 22500 has been identified as strong support for your swing trade decision
Keep #DYOR
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance Line⏰(1-Hour)⏰💡Bitcoin has not had many price changes in the last 7 days (of course, we witnessed an emotional market in some minutes). Most of the time, Bitcoin has been moving between two lines of Support and Resistance and the 🟢 Support zone($25,840_$25,600) 🟢.
📚In general, it is more difficult to profit when there is Little Movement in the financial markets than when the financial markets are Trending .
🌊If we want to evaluate the recent movements of Bitcoin during the last seven days according to the theory of Elliott waves , it seems that Bitcoin is forming a correction pattern of Double Three Correction(WXY) .
🌊Bitcoin is on the way to complete the last corrective wave, the Wave Y.
🔔I expect Bitcoin to at least go UP to the Resistance line and, if it breaks, to the 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, there is a possibility that the Contracting Triangle will develop in the coming days, but it is too Early to talk about this scenario.
💡In terms of classical analysis, Bitcoin has been able to form a Symmetrical Triangle . In general, the symmetric triangle is a Continuing Pattern , and if Bitcoin can break the downward Support line , we should expect more losses.
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🌐➕ Positive News ➕🌐:
BTC bull market began in March, more will realize in a year — Arthur Hayes.
Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF.
Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham.
🌐➖ Negative News ➖🌐:
Crypto Exchanges Are the Least Trusted Financial Institutions, Survey Says.
$24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack.
Palau to freeze USD-backed stablecoin after pilot launch in July
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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.
Bitcoin will go UP by Falling Wedge Pattern🚀(15-Min)🏃♂️Bitcoin has been moving in a Rectangle Pattern for over 36 hours , although we have seen 🐮 Bull Trap 🐮 and 🐻 Bear Trap 🐻 in this pattern.
➕Bitcoin is currently moving near the lower line of the Ascending Channel and the Support line .
➕Also, in the middle of the Rectangle Pattern, Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to Attack the upper line of the Rectangle pattern after breaking the upper line of the Falling Wedge pattern.
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 is Ready to Break Descending Channel🚨⏰(1-Hour)⏰🏃♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 after leaving behind a 🐻 Bear Trap 🐻.
📚It is better to know that, in general, Volume Trading is ↘️ Low ↘️ on Saturdays and Sundays .
🌊According to the theory of Elliott waves , it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves .
💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator .
💡Another sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms .
🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴 Resistance zone($27,000-$26,350) 🔴 and 🎯 Target 🎯 I have identified on the chart.
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.
Bitcoin is Ready to go UP from the Bottom of Ascending Channel🚀Hi everyone👋.
🏃♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 and near the Support line , and the lower line of the Ascending channel .
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢 Support zone($25,840_$25,600) 🟢 and the Support line . (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴 Resistance zone($27,000-$26,350) 🔴 in the coming hours to complete Wave C .
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🌐➕ Positive News ➕🌐:
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
🌐➖ Negative News ➖🌐:
Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses $FWB:40 M in 'Unauthorized' Transfers.
Trouble in the Metaverse: 99% of Play-to-Earn Investors Now Counting Their Losses.
Exploits, hacks and scams stole almost $1B in 2023: Report.
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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.