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Bitcoinanalysis

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
Phemex Analysis #21: BTC - Potential Bullish Reversal?!Dated today, PHEMEX:BTCUSDT.P had dropped 33% from it's All-time High $73851 at 14th March 2024. Despite the overall bearish sentiment in the market, Bitcoin's recent creation of a Higher Low $52500 at 6th September suggests a potential bullish reversal. Today, we will delve into how the price of BTC might move in the next few days. 1. Bullish Breakout. If Bitcoin can break above its previous high near $65,000, it would signal a strong bullish reversal. Following this, a period of accumulation might occur, to accumulate more buying power before a push towards the next resistance level around $72,000. 2. Bearish Drop. Alternatively, Bitcoin could continue its downward trend, potentially retesting support levels at $50,000 and $41,900. To assess whether these levels offer buying opportunities, consider the trading volume and Relative Strength Index (RSI) during the decline.If the trading volume is lower than it was on August 5th and the RSI is higher, $50,000 might be a good price to buy the dip. However, if the volume is higher and the RSI is lower, $41,900 could be a better choice for buying low. 3. Consolidation. Given the recent volatility, a period of consolidation between $65,000 and $52,500 is possible. This scenario might present opportunities for traders to employ Phemex Neutral Grid bots to profit from price fluctuations. Conclusion Bitcoin's price action suggests a potential bullish reversal. However, it's important to remember that the cryptocurrency market is highly volatile, and technical analysis should be used in conjunction with other factors when making trading decisions. By carefully analyzing the technical indicators and considering potential scenarios, traders can develop informed strategies to navigate the market. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Bitcoin is Ready to Attack to Resistance zone==>>Short termBitcoin is currently moving in the Resistance zone($55,720-$54,550) . According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) . Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern . I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle . If you want to know more about Bitcoin, please look at the below post: Note: If Bitcoin breaks the uptrend line, we can expect more dumps. 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
5
Bitcoin's Price Struggles: A Bearish Short-Term OutlookAfter dipping to 50k in early August, Bitcoin staged a recovery and climbed to 65k. However, the bullish momentum lacked follow-through, as buyers were unable to push past the resistance of a large flag pattern that has kept Bitcoin in a corrective phase for months. In the short term, Bitcoin’s price pulled back down from 65k, initially forming what looked like a falling wedge—a potential bullish reversal pattern. Unfortunately, this formation did not hold, and Bitcoin experienced another breakdown. Currently, the short-term outlook is bearish, with resistance around the 55,500-56k zone. Short-term traders may consider selling in this range, targeting a move back to 50k if a new leg downward materializes. This bearish scenario would be invalidated if the price stabilizes above the 58k level.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
Bitcoin Bull Run Continues?My expectations from the previous post have materialized, and the price of Bitcoin has dropped again into the price imbalance zone below 53,500. My expectations for Bitcoin's price next week are as follows: due to negative economic news, the stock market will likely continue to decline for several more days starting on Monday. Since Bitcoin's price correlates with key indices like the S&P and Dow Jones, there is a high probability that Bitcoin will continue to decline, potentially reaching as low as 48,900. If we look at the Long-Term Holder Realized Profit/Loss Ratio 7D indicator, which unfortunately is not yet available publicly on the TradingView platform, based on this data, Bitcoin is currently in an accumulation phase before a major growth season. Similar patterns occurred during the 2011 and 2021 market seasons.
Long
by GarateTradeCrypto
Bitcoin Roadmap!!!Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600) . From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Reversal Pattern , and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin . From the point of view of Elliott wave theory , Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5) , which was the end of wave C , $55,600 . Also, we can see Regular Divergence(RD+) between Consecutive Valleys. A head and shoulders pattern could form , causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible 👇 I expect Bitcoin to move according to the movements I have outlined in the chart . Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least). 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.
Long
by pejman_zwin
26
Bitcoin Analysis==>> Reversal Patterns==>UP/UP/UPBitcoin is moving near the Support zone($58,000-$56,600) . Regarding Classic Technical Analysis , Bitcoin seems to have succeeded in breaking the upper line of the Falling Wedge Pattern . It is also possible to form the Inverse Head and Shoulders pattern . Regarding Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . This wave is part of Corrective Waves . Also, we can see Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to go UP to at least the target of the Falling Wedge Pattern . My previous post titled " Bitcoin Analysis==>> Pumping Again==>>Short term " is still valid Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $55,000(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
26
Bitcoin Analysis==>Bearish Deep Crab Harmonic PatternAs I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different . Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) . Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the Resistance line and the Resistance zone . According to Elliott's wave theory , Bitcoin is completing corrective waves after completing five bearish waves . I expect Bitcoin to drop to at least $59,400 after breaking the Support line , and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200) . Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000. 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 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
45
Bitcoin Analysis==>>Filling CME Gap==>>Short termBitcoin was accompanied by increases and decreases ( high momentum ) in the past days. Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) . I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) . 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 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 Analysis==>> Attack to Resistance zoneBitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) . One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity. Also, we can see Regular Divergence(RD+) between Consecutive Valleys. I expect Bitcoin to attack again the Resistance zone($58,500-$57,000) . Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600. 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 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
17
Bitcoin Analysis==>> PumpingBitcoin began to pump after Jerome Powell's speech and the possibility of interest rate cuts . ⚠️First of all, I must say that we must always keep up with the news and new events in the market, and all the analyses will never be correct; otherwise, there is no need for capital management, so we should always follow capital⚠️ Bitcoin seems to have managed to break the Resistance zone ($58,500-$57,000) , 200_SMA(Daily) , and 50_SMA(Daily) . Regarding Classic Technical Analysis , the Bitcoin pump has invalidated the Rising Wedge pattern . The Rising Wedge pattern is a Reversal Pattern; if it Fails , it will become a Continuation Pattern . According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 , and the structure of the main wave 4 can be a Contracting Triangle . I expect Bitcoin to rise to at least $65,000 after breaking the upper line of the Contracting Triangle . Note: Wave 4's structure is likely to change; overall, I expect the maximum correction or end of wave 4 to be at the Support zone. 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
28
Market overviewBitcoin (BTC): $63,693.28 (-0.34%) Bitcoin Dominance: 57.42% Fear and Greed Index: 55 (neutral) WHAT HAPPENED? Last week, as expected, fully met our expectations and implemented a priority scenario – an upward exit from the balance. We entered the first sell zone of $64,000-$65,200 (mirrored volume zone), from which we received a reaction. WHAT WILL HAPPEN: OR NOT? A local correction can be expected in the near future. There are no strong fixes on the part of the buyer, so this week it is worth paying attention to longs. The first local resistance is located at ~ $63,000, but it shouldn’t be considered as a strong buying zone. A really strong buying zone that appeared along the way is below $61,500-$60,600. If there is a reaction from there, it’s worth joining the upward movement. Buy zones: $61,500-$60,600 (accumulated volumes), $59,550-$59,000 (accumulated volumes), $56,100 level, $52,000-$50,000 (volume anomalies), $48,000 level. Sell zones and goals for the near future: $67,000-$68,300 (mirrored volume zone), $70,000 (round number, seller's market aggression). IMPORTANT DATES Macroeconomic developments this week: • August 27, Tuesday, 6:00 (UTC) — publication of German GDP for the 2nd quarter of 2024; 17:00 (GMT+3) — publication of the CB consumer confidence index of the USA (Aug). • August 29, Thursday, 12:00 (UTC) — publication of the index German Consumer Prices (CPI) (Aug); 12:30 (UTC) — publication of US GDP for the 2nd quarter of 2024; publication of the number of initial applications for US unemployment benefits. •August 30, Friday, 9:00 (UTC) — publication of the consumer price index (CPI) in the Eurozone (Aug); 12:30 (UTC) — publication of the basic price index of US personal consumption expenditures (July). *This post is not a financial recommendation. Make decisions based on your own experience.
Long
by Crypto_robotics