#BTC BTC BITCOIN $BTCUSDT Posted this chart for my VIP members, there are in big profit on this short,
Fractal playing out nicely so far.
Bitcoinidea
Bitcoin's Potential Short-term WeaknessBitcoin may have found its bottom at the $15,570 level. If this assessment holds true, it's possible that an impulsive leg upwards has completed the five-wave sequence characteristic of a bullish trend, indicating the first leg of this upward move.
Currently, Bitcoin appears to be in a corrective phase, which seems to be forming in a WXY pattern. The W and X legs of this pattern appear to be nearing completion, and I will be closely watching for signs of the Y leg's formation. This development could potentially propel Bitcoin to reach at least the $23,000 mark before embarking on another upward leg.
BTC Bitcoin Price PredictionThe political context is favorable for a small bull run to $30K for BTC Bitcoin.
After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending.
To avoid contentious debates until after the next presidential election, the agreement suspends the debt limit until January 2025. This decision provides a temporary relief from potential conflicts surrounding the debt limit.
After a small rally, i believe BTC will retrace to $23000 to complete the Head and Shoulders Bearish Chart pattern.
Looking forward to read your opinion about it.
BTC 40K !!! Breakout is about to happen and BTC may fly soon!Hello Everyone,
As you can see on the 2h chart, BTC is all set to give a breakout! The rally may lead BTC towards 32000 in the short term, and 40000 in the medium term!! I won't get surprised if BTC kisses 50000 again before 2023 ends!! Downside weakness is seen below 26000!!! But the current week's NFP data won't give any space, I guess!!
Bitcoin 2 year road mapBased on Elliott Wave analysis, we clearly can observe that bitcoin has completed a wave 1 bullish impulsive wave and currently it forms a wave 2 correction wave, which can last most probably close to 200% the time of wave 1, which coincides close to the time of the halving. The correction will reach at least reach the 61.8% retrace and most probably the 71.8% to 88.7% area where the previous wave 2 of the impulsive wave 1 was formed.
Bitcoin Short Squeez Or Breakout ?A Lower High Will Show More Weakness! Bitcoin pumped to 28K over the weekend and made a lower high.we have seen these pumps before as short squeez.
We could also continue up but for now it looks more like a squeez
BTC showing bullish signs targeting 35KHello, everyone.
Previously I've posted an idea with a bearish bitcoin outlook.
However SPX, has had a bullish reversal, and so it seems that BTC is having one also. Failure to reach the first bearish target of around 25k indicates, that this bullish reversal wants to take BTC to somewhere around 35k. If we reach the new target of 35k, I'll be looking to short somewhere up there.
Good luck
Stay safe, stay liquid.
BTC Long Term SetUpThe economy operates in cycles, and these cycles can be observed through various indicators such as the ADX Indicator and analysis of different assets. In my trading strategy, I prefer to keep things simple. Looking ahead at the next five years, I believe that the current market conditions present an opportune time to consider investing in Bitcoin. Based on my analysis, I anticipate that Bitcoin will experience significant growth, potentially surpassing its previous all-time high within the next two years, with an expected increase of over 200%.
Bitcoin 1D TF Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors contribute to this analysis, including the presence of a declining trend line, an inclining trend line, a rejection point, the bottom of the channel, and a bullish fib level of 0.5. After experiencing a 20% drop, I anticipate Bitcoin's momentum to shift towards a bullish swing.
BTC wave B is starting again after wave A has completed.BINANCE:BTCUSDT Finally, wave B is starting again after wave A has completed. Let's watch together to see if wave B will be destroyed so that wave 5 can expand or not.
It's a great deal to cheer you up.If the demand test is successful, you can open a long trade on low or medium volumes. The goals are set according to the situation.
2650 is a great price to open a position.
#Bitcoin - thoughts out loud #08Good evening, we are from Ukraine!
I expect further depreciation of the cryptocurrency market.
In this phase of the market, we are interested in a supply test in the range of 30,000-31,000, after which the further development of the situation will be clear. There is weakness on the older time frames, but there are variable factors in the market and it is too early to give an accurate assessment.
The end of the trading situation opens up 2 scenarios:
1) Asset depreciation to 17500.
2) The asset's price increase to 3500.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
BINANCE:BTCUSDT
Bitcoin Loving This Pattern.Will It Cause BTC To Dump To 25.1K?BTC Bear Flags been playing out one by one.moving BTC further down.
After dumping to 25.8K btc did not bounce backup showing signs of weakness and forming a bear flag too.
Bitcoin couldnt even retest the support line of the previous zone.Wating for 25,1 today.
Thanks for watching
BItcoin prepping itself for strong upside to $36,000Falling Wedge formed on Bitcoin.
This was with the prior uptrend flag pole.
We need the price to break above the Apex to confirm upside.
While the price has been constricting in the Wedge, there were mixed signals along the way.
1. Price is above the 200MA which makes it bullish.
2. 21>7 - Bearish - but it's because of the range with the Wedge
3. RSI<50 - Bearish but there are HIGHER lows in the grand scheme of things (Bullish)
Target $36,000
With the US dollar losing power, with the Americans considering defaulting on certain debts, with interest rates and inflation rates continue to spook the world with consumption and supply.
It looks like confidence and focus is being aimed at Bitcoin and there are signs it will continue higher.
We'll have to see and wait for that breakout to the upside.
Halving High Pressure Zone? 🙌🏻 This could be the answer 🤔 In this video we explain a new item we found in the chart which we call the "Halving High Pressure zone". As we approach the halving date there is ever increasing downwards pressure on the bitcoin price. After the halving, as we move away from the halving date this downwards pressure decreases which results in upwards price movement. Could this be half the answer to why mini-bull markets form? Check out this video. Thanks for watching!
