Bitcoinforcast
BTCUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In terms of Elliot waves, three scenarios can be considered for The first scenario is to start the upward movement from now
In the second scenario, we can move up from now on, but in the future we will see weakness in the upward direction and we will move down again within 5 waves (flat correction pattern will be formed).
In the third scenario, we have to move down through 5 waves, of which 3 waves have been completed so far and we are now in wave 4. So we have to have another downward wave. The maximum amount of this decrease is up to the level of 14 thousand dollars.
Which scenario do you agree with?
Now is the best time to buy BitcoinIn terms of Elliott wave counting rules and regulations
Wave 1 is over and now we are in the fall of wave 2
If we predict correctly and maintain the bottom level of wave 1, we can enter wave 3 and move upwards with strength.
The validity of this analysis is until the level of 17,660 is not broken down
bitcoin movements btc once rejected from 16-18 area and thats a daily demand area
now we can see that 21-22500 daily supply area and bitcoin can reject from that area too the down side very easily
if price wants too grow too the upside ( idont think) can move like the green paths
comment your idea about that
have nice weekend
THE HOLY GRAIL BITCOIN MASTER CHARTThis is a simplified chart analysis of the BREAKDOWN of Bitcoin.
Trading Is Made Simple when you break down Price from TOP DOWN.
There is Genius in simplicity.
Price has Gone UP.
Price has Gone DOWN.
Price has just consolidated for 4 weeks.
If you apply your Descending Triangle defense to this Weekly Chart you will see with your own eyes BITCOIN is shorting as she consolidated for the last 4 weeks.
Bitcoin sold off from this level before and established the 25k TA Level.
She's setting up to SMASH that TA NOW>
I see the FALL of Bitcoin Next week or the week after next.
These are very exciting times in the Trading Space!
As always NEVER Over Leverage.
trust your Trade Set Up.
have Fun.
#TradingMadeSimple
#BTCUSDT Long Position in 12% Profit. Next Setup here..Welcome to this short update on Bitcoin.
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Let's get to the chart!
BTC broke out of the microchannel and is currently trading around the $42k level.
The lower support is around $39400 to 40340 which also happens to be the area too long BTC if you haven't bought yet.
I also understand that the breakout was too quick and many people missed the move.
No worries, never FOMO.
You have two options,
1. You can simply start buying now and add to your positions following DCA strategy or
2. You can wait for the retest around the green zone.
I opened some longs based on yesterday's bullish divergence and bearish momentum in USDT.D Chart.
Expecting more upside here as per the chart.
#DYOR before taking any trade.
This is not financial advice.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
Bitcoin bull run time? 22.2.26Bitcoin is approaching below its resistance area, which can be revised up to 36,500 due to the weakness. But there are signs of a reversal of the downtrend. Breaking the 41,500 range and the downtrend line and stabilizing them above is necessary for the climb
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 26.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
Bitcoin Longterm Roadmap 22.2.22In the long run, Bitcoin is in a parallel channel with a ceiling of 72,000, and in case of loss of this channel, it has a significant support of 20,000. The important thing is that there are other supports and resistances to which the price can react
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 22.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
Bitcoin (BTCUSDT) TA: 22.2.22The 36,500 range does not seem to have much power to reverse the price of bitcoin. Although there is a positive divergence in the chart, traders' fears have overcome this issue. The next support is in the range of 33,000 to 34,000. Beware of long positions because there is a lot of fear in the market.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 22.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
The bear market journey Sticking to my earlier analysis this is what I am able to see for bitcoin
Analysis is based on 50/200 MA in 1 day 3 day weekly and monthly chart, support and resistance Elliot waves theory.
I have been bearish on bitcoin since the 3 month close when it formed a inverted hammer candle which was the also a confirmation for reversal and then rejection from 50 ma in weekly chart confirmed the bear market.
I am able to analyse that this bear run will be a short one as this is also the 4 th sub deca cycle wave which happens to be steep and fast also the bearish divergence in monthly is also a sign for that.
I believe we will start the final leg of bull in November or December this year which will continue till 2024 to 2025 and top out around 200k level which almost 2.8x or current top as we have been forming tops in descending multiple since 2013.
The 2025 top will also coincide with the global political and economic plans as we are on the verge of war which will continue for atleast 2 years and would require a transfer of value for war requirements and that can in this times be supported by only 3 assets gold bitcoin and dollars thus I am bullish on these 3 and bearish on indexes till 2025
#btcstarburst THIRD TIME IS A CHARM!!This is another look at a GANN study… Here we see the bounce, If we are heading to the 60k region and it kind of looks like it, maybe we break through clean.. There are three options on the board… Support levels look pretty good… fear and FUD is falling… So the question really is hold and buy or Sell? BTC will always go up long term… It always has. We could be in for a massive double Bottom… and or Not…. Either way DCA safely this is time to accumulate 25k-45k is a quality buy especially if you are a HOLDER… If we ever spike to 11k something is definitely off in the market, THE FUD that comes out is timed to perfectly!! This is a study
Bitcoin has produced the first micro rally and hit resistanceBitcoin has approached the target for that first a-b-c move up of the early January low.
That Red Target box is drawn at confluence of:
- two Anchored Weighted Moving Averages
- downward sloped red trend line,
- 100%, and 138.2% ext of wave -a- up.
After completion of that rally we can see another pullback in wave -ii- down to re-test the breakout resistance level 42,800 from above
LONG BTCUSD 15Min Daytrade - Open, TP & SL at ChartHi mates,
Reopen Position at 0.618.
Take Profit and Stop Loss on Chart.
Indicators:
Traditional Pivot P = Middle Line (Blue)
Woodie Pivots = S/R 1-5 (Blue Zones)
Triangles = Fearpoints based on SMA Highs Lows
KeltnerBands Range with 3.618 & 6.618
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Much success
tbot21
the trading robot 🤖
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Bitcoin Bear Trap again? Seems to be a similar pattern playing out here.
Retail and short term coin holders keep selling at a loss.
Trend has been broken similar to scenario back in June.
This time instead of China miners shutting down, its Kazakhstan. Internet has been shut off in the 2nd largest bitcoin mining country which severely will effected the hash rate.