Get started

Bitcoinanalysis

✈️Bitcoin is Ready to Pump✈️🏃‍♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). 📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . 💡Looking at the chart of Market Cap USDT Dominance% (USDT.D%) , we can see that USDT.D% managed to break the Support line and expect a drop to the 🟢 Support zone(4.72%-4.53%) 🟢 as I expected in the " USDT.D% will ⚔️Attack⚔️ to Support zone again " post.👇 🔔I expect Bitcoin to rise to at least the 🔴 Resistance zone($65,700-$64,200) 🔴 and the 50_SMA(Daily) . ❗️⚠️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.
Long
by pejman_zwin
28
Bitcoin Fail in the ⚔️Third Attack⚔️ on the Resistance zone⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ). 🏃‍♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone). 🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves . ( If the 🔴Resistance zone🔴 breaks, the scenario will change again) . 🔔I expect Bitcoin to start going down after the completion of main wave B to complete main wave C and at least fall to the Support line . ❗️⚠️Note⚠️❗️: if Bitcoin can break the 🔴 Resistance zone($63,440-$62,690) 🔴, the scenario will be changed. ❗️⚠️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
55
Bitcoin- Bullish Engulfing on retestAs I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction. Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as support. Yesterday, we observed a strong bullish engulfing pattern at this level. These are positive indicators for bulls, suggesting potential further upward movement in price. The key level to monitor is 65k, and a breakout above this level could pave the way for a new all-time high in the near future. My outlook remains bullish.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
4
✈️Bitcoin is Ready to Go Up✈️🏃‍♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending channel . 📈According to Classical Technical Analysis , Bitcoin seems to have formed a Falling Wedge pattern . ( Of course, it is not very standard ). 🔔I expect Bitcoin to start rising from the 🟡 PRZ 🟡 and at least rise to the 🔴 Resistance zone($65,650-$64,200) 🔴. ❗️⚠️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.
Long
by pejman_zwin
16
🚧Bitcoin Needs Correction🚧✅ Bitcoin moved as I expected in the previous post . 💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴. 🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 📈According to Classical Technical Analysis , Bitcoin can also form the Head and Shoulders Pattern . 🔔I expect Bitcoin to fall after breaking the Uptrend line , at least to the first 🎯 Target 🎯 I specified on the chart. ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($65,650-$64,200) 🔴, the scenario will be changed. ❗️⚠️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
11
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance zone🎉Hi guys, I hope that you have a great weekend . 💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate . 🏃‍♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in the 🔴 Resistance zone($65,650-$64,200) 🔴. 🔔I expect Bitcoin to rise at least to the upper 🔴 Resistance zone($65,650-$64,200) 🔴 and possibly to the 50_SMA(Daily) . ❗️⚠️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.
Long
by pejman_zwin
16
🚨Bitcoin is Ready to Go Down again🚨✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃‍♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more than 4 months . 🔔I expect Bitcoin to start going down again and at least to the 🟢 Support zone($57,050-$56,550) 🟢. ❗️⚠️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
48
I Tried To Tell Y'all 58K Was In Play- What's Next For Bitcoin?Not to say I told you so, but, yeah, I did tell you all a while back when we broke previous all time highs that the 58K range for Bitcoin was still in play, and guess what happened? We hit it... Well, I didn't post that one on TV, so I may not have told you guys, lol, but it's on my other outlets. Okay so now that is all out of the way, let's talk about what could possibly happen next. I do not think that just because we hit this level that we will have some kind of V-shaped recovery. Highly doubtful. As a matter of fact, I still believe that we will be heading even further south to the 50K-52K range as I stated in another previous technical analysis post. Why do I think this? Well, that is where the largest amount of support is sitting. This pump went too high, too fast and is having to correct back down and retest the previous major zone of volume. I mean, it doesn't have to, but it's normal market movements. Too many in the Bitcoin and crypto space are too short term focused. I know I have been at times, but that is why I am flashing the Daily chart at you is because on the bigger picture, we still have some retracing to do to build a solid market structure before we really go for moon shots. Not only that, the news of government FUD has really shaken up the Bitcoin ETF TradFi crowd and they have been dumping right and left. So downside is not finished by any means and I feel that 50K-52K is still in the cards. Until next time my trading buddies, trade logically!
COINBASE:BTCUSDShort
by thelogicaldude
Bitcoin is Ready to ⚔️Attack⚔️ to Heavy Support zone🏃‍♂️ Bitcoin is moving near Support lines . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 . 🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢. ❗️⚠️Note⚠️❗️ : The lines of possible waves are hypothetical , and waves can be formed in other ways . ❗️⚠️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
25
⚠️Bitcoin Analysis (Mix of Patterns)⚠️👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃‍♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of the descending channel and 50_SMA(Daily) and Time Reversal Zone(TRZ) . 📈If we want to look at the chart from the point of view of the Classical and Harmonic patterns , Bitcoin has succeeded in breaking the lower line of the Symmetrical Triangle Pattern , and it seems that a Bearish 5-0 Harmonic Pattern is forming near the upper line of the 🟣descending channel🟣. 💡Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart. 💡 USDT.D% broke the 🔴 Resistance zone(4.72%-4.53%) 🔴 as I expected and is currently pulling back to this zone, the pullback structure seems to be forming with the Falling Wedge Pattern , I expect USDT.D% to rising again and this It will cause another decline in the cryptocurrency market .👇 🔔I expect Bitcoin to start falling again based on the above explanation. ❗️⚠️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
32
🗺️Bitcoin Roadmap🗺️⏰(15_minute time frame)⏰🏃‍♂️ Bitcoin is moving near Potential Reversal Zone and Support lines . 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing wave 5 . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔 I expect Bitcoin to reach at least the 🎯Target🎯 I specified on the chart. ❗️⚠️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
11
🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend . 🏃‍♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 . 🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line . ❗️⚠️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
39
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃‍♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame . 🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢. ❗️⚠️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
41
Bitcoin Is Ready to Fall⏰(1-hour time frame)⏰🏃‍♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) . 📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Bitcoin to start falling after breaking the Support lines(weak) , at least until one of the Fibonacci lines . 💡To have a better view of Bitcoin , I suggest you look at the post below (4-hour time frame) .👇 ❗️⚠️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
19
🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃‍♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 . 🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I specified on the chart. ❗️⚠️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
42
Bitcoin could have finished correctingLast week, BITSTAMP:BTCUSD tested the waters at the important 62k support level and even dipped below it momentarily, driven by news regarding tensions in the Middle East. However, after touching the significant 60k mark twice, the price swiftly reversed, signaling a false breakdown. The price quickly rebounded above both the horizontal support and the descending trend line of the wedge pattern. Currently, it is trading comfortably around the 66k zone, which serves as short-term resistance. In my opinion, this resistance level will also be breached, paving the way for a rise to 69k. I maintain a bullish outlook as long as the 63k support level remains intact, and I'm actively looking to buy during any dips in the market.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
2
🟠 BITCOIN MULTI TIMEFRAME: ZERO MOMENTUM IN PLAY 🟣🟣 Hey there, @TradingView fam! Ready for some fresh Bitcoin analysis? We've got a juicy update for you, covering multiple timeframes and packed with insights from key indicators. If you're diving into this post right now, show us some love with a thumbs up! And don't forget to jump into the comments section for some lively discussion. We'd love to hear your thoughts! Let's dive in! 💜 Let's kick things off with a look at the daily perspective. We've plotted the EMA 20, EMA 100, and a Triangle Pattern. Triangles are interesting because they often signal a temporary pause in the prevailing trend. This happens as buyers and sellers push against each other, causing momentum to dissipate. While triangles are fairly easy to spot, trading them can be tricky. Prices can get stuck for a while without any significant breakouts, and when a breakout finally happens, it can sometimes be a false signal, leaving traders scratching their heads. Now, let's talk about the exponential moving averages (EMAs). They're great for tracking trends because they give more weight to recent price action. Currently, the EMA 20 is above the EMA 100, indicating a clear uptrend. In this scenario, these EMAs act as dynamic support and resistance levels. The EMA 20 offers short-term support, while the EMA 100 serves as a long-term support line. Check out our tutorial on trading triangles to learn more about how to navigate these patterns: So now, let's talk about RSI - it's a pretty handy momentum indicator that's all about spotting when the market's either feeling overbought or oversold. When RSI drops below 30, we're talking oversold territory, and when it shoots past 70, we're looking at overbought conditions. Funny thing is, lots of folks get it wrong, selling when RSI's high and buying when it's low. But you know what? Sometimes the market keeps on climbing even with RSI above 70, and it can still drop lower when RSI's below 30. Now, here's a neat trick with RSI: instead of just using those standard 30 and 70 marks, we tweak it a bit. Push the upper band to 60 and lower it to 40. So, when RSI's cruising above 60, it's telling us the market's got some solid upward momentum, and when it's below 40, well, things are getting bearish momentum. Taking a peek at Bitcoin's charts, both on the daily and 4-hour timeframes, RSI seems stuck in the middle, indicating there's not much momentum swinging either way. But hey, Bitcoin can flip on a dime, right? That's why it's crucial to keep an eye on RSI, especially with the halving on the horizon. By the way, don't forget to check out our RSI tutorial! It's packed with valuable insights to help you master this powerful momentum indicator: Now, onto the SuperTrend indicator - another nifty tool for tracking trends and spotting reversals. We've fine-tuned the settings for Bitcoin, setting ATR to 5 and the multiplier to 2, based on some solid backtesting data. Looking at the daily timeframe, SuperTrend 's giving us sell signals, but hop over to the 4-hour chart, and suddenly it's flashing a buy opportunity. Thing is, though, the EMA combo still looks bullish, and RSI's not showing much oomph. So, that early SuperTrend buy signal? Might be a bit premature, you know? And here's something fascinating on the monthly timeframe: Bitcoin's showing seven straight green candles. That's unheard of! Last time we saw anything close was back in 2021, with six greens in a row during a post-halving bull market. In conclusion, April 2024 poses challenges for both buyers and sellers of Bitcoin, potentially resulting in false entries. The market likely needs to recalibrate following 7 months of growth, presenting an opportunity for early investors to capitalize on this shift. Stay informed and explore our other educational resources and posts.
KRAKEN:BTCUSD
by Vestinda
2