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Bitcoinanalysis

Bitcoin Needs Correction!!!As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap . Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) . I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) . ⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️ ⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
36
Bitcoin Analysis==>> Short term!!!In the previous posts ✅, we found the Top and Bottom of the rally , which started at $59,830 and continued up to $64,470 . Bitcoin ( BINANCE:BTCUSDT ) is currently moving near the Support zone ($60,000-$59,100) and Potential Reversal Zone(PRZ) . I also expect Bitcoin to make Regular Divergence (RD+) after touching the Support zone ($60,000-$59,100) . According to Elliott's wave theory , Bitcoin seems to be completing wave 5 . I expect Bitcoin to rise above the Support zone ($60,000-$59,100) at least to my First target as shown on the chart( around $61,000 ). ⚠️Note: If Bitcoin breaks the Support zone($60,000-$59,100), we can expect Bitcoin to go down more=first step will be $58,000.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
20
Bitcoin Analysis==>>Risk-To-Reward:4.40Bitcoin started to rise after the UAE exempted cryptocurrency transactions from Value Added Tax (VAT) . The UAE exempts crypto transactions from VAT starting November 15, aiming to attract more investments and solidify its position as a crypto hub. Bitcoin is currently moving near the Resistance zone($67,400-$65,000) , the Potential Reversal Zone(PRZ) , and above the ascending channel . Regarding Elliott wave theory , Bitcoin has restructured a bit since my previous post . Bitcoin seems to be completing wave C inside the ascending channel. Also, Regular Divergence (RD-) between Consecutive Peaks . I expect Bitcoin to decline to at least the Support zone($62,860-$62,110) again, and because there is still a high possibility of tension between Israel and Iran , it is very likely that Bitcoin will come back below 21_SMA(Weekly) and 200_SMA(Daily) . ⚠️Note: This analysis is valid until Bitcoin does not touch $66,500.⚠️ ------------------------------------------- My position: Of course, I manage this position with price changes. BTCUSDT 🔴Position: Short ✅Entry Point: 64347.0 USDT  (Limit Order) ⛔️Stop Loss: 65283.0 USDT [ You can open a Short position where the Stop Loss(SL) is $66,500 ] 💰Take Profit: 🎯62493.0 USDT ===>>>Risk-To-Reward: 1.98 🎯60229.0 USDT ===>>>Risk-To-Reward: 4.40 Please don't forget to follow capital management ⚠️ Please pay attention to the style of opening the position.⚠️ ------------------------------------------- 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 and updates; 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
UPTOBER: Bitcoin’s Pump and Higher Low FormationSince May, Bitcoin has been trapped in a bearish price structure, characterized by lower highs and lower lows . Every attempt to break out was met with resistance, pushing the price lower. However, after the August lower low , Bitcoin began a reversal , producing two consecutive higher highs and higher lows . This shift is crucial because it indicates a bullish price structure, meaning the market is finally beginning to move upward again. While a small reset in Bitcoin’s price from $66K to $60K was expected and I stand here to say, I was wrong and I apologize to fail giving you the other side of the apple for being bearish during my live stream and other documents and shot calls, the retracement was largely influenced by external factors, specifically the geopolitical tensions in Israel. Even though the pullback occurred earlier than anticipated, the market structure remains bullish, and we could soon see Bitcoin break through the $68K resistance level. As the chart shows, Bitcoin has created a solid foundation for this next leg of the rally.
Long
by osodatsismoso
Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly. Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side. There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC. Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade. Just a simple analysis. I'll be doing a deeper one later when I have some time. Hope this helps and happy trading!
by MoneyChartz
Bitcoin is Ready to Crash Again!!!Bitcoin is currently moving near the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to be completing main wave 4 . The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5) . I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again. ⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️ ⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) , we can expect the BTC pump to near $65,000.⚠️ In previous posts , I tried to show you the Bitcoin roadmap step by step; I hope it was useful. 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 and updates; 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's Next Move: Bullish Continuation or Bearish Reversal?Hey, traders! Artem here with another Bitcoin update. Let's dive into the 4-hour chart and explore the recent price action to see what’s been happening since last week. Bitcoin has broken through key levels , hitting a new high of $66,566 last Friday , and this could signal a potential uptrend . But is it all bullish, or should we watch out for a reversal? On the chart, we’ve got a fresh Higher High (HH) at $66,566 and a Higher Low (HL) at $52,400 , which typically suggests bullish momentum. However, there's a Rising Wedge pattern forming , which is often a bearish signal . Bitcoin has broken out of the wedge, moving down from $66,000 and is now trading around $63,570 , near a key support level at $62,800 (marked in blue). If this support holds, we could see some sideways movement followed by an upward continuation. But if the selling pressure continues and $62,800 fails, we might see a further decline toward $60,848 , with $61,824 (marked in red) as a critical level to watch. What’s your take on Bitcoin this week? Are we going long or short? Share your opinion in the comments – I’d love to hear your strategy! If you found this analysis helpful, don’t forget to like and follow for more market updates. Let's see where Bitcoin takes us next!
BITSTAMP:BTCUSD
by ArShevelev
14
Bitcoin Ready to Pump==>>Falling Wedge==>>Shot termBitcoin moved as I expected in the previous post . According to Elliott's wave theory , Bitcoin completed wave 5 , and we should expect upward corrective waves . Regarding Classic Technical Analysis , Bitcoin seems to have formed a Falling Wedge Pattern . Also, Regular Divergence (RD+) between Consecutive Valleys. I expect Bitcoin will go up after breaking the upper line of the falling wedge pattern and touch my targets in my chart. ⚠️Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️ 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 and updates; 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
7
Bitcoin Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) . In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful. Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) . According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 . I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours. Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin . ⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️ ⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️ What is your idea about Bitcoin, more dump or, again, pump❗️❓ 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 and updates; 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
11
Bitcoin's Bearish Momentum Builds: Could 55k Be the Next Target?On Sunday, I shared an article expressing my view that Bitcoin might remain in a range for an extended period. As expected, whenever someone suggests something other than Bitcoin rising, critics are quick to respond. However, Bitcoin has since broken below its local support and dipped to the 60k level. Looking ahead, I expect the decline to continue, with BTC/USD likely to fall well below 60k. Currently, the 63k zone is acting as resistance, and any rallies into this area present potential selling opportunities for speculative traders. A reasonable target for this downtrend could be around 55k, with the invalidation of this bearish scenario occurring if Bitcoin breaks back above the 65k level.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
3
The next target of the Bitcoin cycle is the historically MVRV?Bitcoin's price is currently overbought locally. Yesterday, the price reacted with a decline of 4.9%. This was the first response, and now it’s important to hold the level of $62,700–$61,800. A breakdown below this level would signal a trend reversal to a downward trend with the first target being the imbalance zone at $52,500–$49,550, as marked on the chart. I would like to see investor support manifest in this imbalance zone, but if I don’t observe sufficient buying volume, I will expect a swift reversal and a breakdown towards the key on-chain level, the MVRV Pricing Bands (-0.5sd). This is a critically important level from which strong Bitcoin trends have historically formed in a broader perspective. In a positive economic environment, there is a chance of a rebound from the $62,700 support zone, possibly forming a divergence and a potential double top. The reaction of sellers during the bounce from $62,700 will play a significant global role. If the price consolidates above $67,000–$68,500, then we could see a BullRun!
BITSTAMP:BTCUSD
by GarateTradeCrypto
Bitcoin Analysis==>>End of Rally!!Bitcoin moved as I expected in the previous post and started to rise after breaking the Resistance zone($64,140-$63,820) . Bitcoin was accompanied by two pieces of good news in the last 24 hours: PayPal Opens Crypto Trading for US Businesses. BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb. Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ) . According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave C . ( Actually, I think Bitcoin is still in corrective waves ). Also, Regular Divergence (RD-) between Consecutive Peaks . The CRYPTOCAP:USDT.D chart is moving in the Heavy Support zone , near the Support lines and the lower line of the Descending Channel . I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours. As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP CME:BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000 . ⚠️ Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000. ⚠️ 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 and updates; 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
16
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideAs you can see, BITCOIN has created an ascending head and shoulders and is also located in the Megaphone , which means that if it breaks, we expect the price to reach the top of the Megaphone. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
2
Bitcoin Analysis==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) . I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel . Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900) Bitcoin Analyze (BTCUSDT), 15-minute frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
16
Bitcoin Needs Correction==>>Filling CME GapsBitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ). Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that investors may prefer bonds to riskier assets such as cryptocurrencies as interest rates fall. Bitcoin is currently moving in the Resistance zone($63,500-$61,460) , Potential Reversal Zone(PRZ) , near the 21_SMA(Weekly) and 200_SMA(Daily) , Yearly Resistance(3) and upper lines of the Ascending Channel . According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Zigzag correction(ABC/5-3-5) . Also, Regular Divergence (RD-) between Consecutive Peaks . Before drawing a better conclusion, let's take a look at the USDT.D% and BTC.D% charts. USDT.D% is moving near the Support zone , the lower line of the Descending Channel and the Potential Reversal Zone(PRZ) . I expect USDT.D% to rise at least to the Resistance zone again, bringing down the Bitcoin price .👇 BTC.D% is moving in a Heavy Resistance zone. According to Elliott's wave theory , BTC.D% seems to be completing the main wave 5 with the Ending Diagonal . I expect BTC.D% to start its downward trend soon, which could cause Bitcoin to fall more than other tokens .👇 Based on the above explanation, I expect Bitcoin to at least drop to the Support zone($60,000-$59,100) and Support lines and fill the CME Gaps . Note: If Bitcoin can break the Resistance zone($63,500-$61,460), we should expect Bitcoin to rise to at least $65,000. 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 and updates; 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
44
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideBitcoin can go up to 65k to complete the wedge, but every uptrend has to be corrected, that's the nature of the market . if wedge broken i expect the price can falling to 61K ! And we have to wait for failure so that the wedge is not broken, as if there is no wedge! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
Bitcoin Analysis==>> Pump to $59,000==> Short termBitcoin is currently moving in the Support zone($55,780-$54,550) near the Support lines and 100_SMA(4H-TF) . According to Elliott's wave theory , Bitcoin is completing microwave 5 of the main wave 5 . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect Bitcoin to rise to at least $59,000 after breaking the Resistance line . Note: We can expect more dumps if Bitcoin breaks the Support zone($55,780-$54,550). Bitcoin Analyze (BTCUSDT), 15-minute frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
34
Bitcoin Analysis==>>Bearish Harmonic Patterns==>>Crab & SharkBitcoin moved as I expected in yesterday's post . Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) . It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern . After breaking the small Support zone , I expect Bitcoin to attack the Support zone($58,000-$56,600) again. Note: We can expect more pumps if Bitcoin breaks the Resistance line (over $61,000). Bitcoin Analyze (BTCUSDT), 15-minute frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
21
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 . I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) . Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least). 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 and updates; 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
8
Bitcoin is Ready to PumpBitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel . According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel . I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel . Note: If Bitcoin goes below the Resistance zone($55,720-$54,550), we should expect Bitcoin to dump to $51,000(at least). 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 and updates; 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
18
Bitcoin Bounces Back: Bullish Pin Bar Signals Potential Upside On Friday, following the release of the NFP data, Bitcoin experienced a sharp drop. However, by the end of the day, the price failed to gain further downside momentum, and instead of continuing lower to test the support of the flag formation (where Bitcoin has been trading for the past six months), it reversed to the upside. Moreover, yesterday, Bitcoin formed a Bullish Pin Bar on the daily chart, signaling a potential higher low. At the time of writing, Bitcoin is trading at $58,200, just below a local resistance zone, with a good chance of breaking higher. The next key levels for bulls to watch are the 61k resistance zone, followed by the significant confluence area at 65k. As long as Bitcoin stays above yesterday’s low, the bullish outlook remains intact.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
10