3 Month Bitcoin Triangle & Trajectory 3 Month Bitcoin Triangle & Trajectory ^.^ Let Me Know What Yall Think ^.^
Bitcoinpricetrendanalysis
BTC Pitchfork - Looks actionableSo far so good BTC seems to be following this Pitchfork formation. I have a price target of 33,600 this week or next. Look at how well support help on the bottom green channel today. COINBASE:BTCUSD
BITCOIN: What Happens Next to the Crypto Market?WisdomTree has filed with the US Securities and Exchange Commission for a spot Bitcoin ETF.
The company describes the proposed investment vehicle “WisdomTree Bitcoin Trust” as an ETF that will be listed on the Cboe exchange BZX under the symbol BTCW, according to a June 20 filing.
WisdomTree's ETF — or any other spot Bitcoin ETF — will give institutional investors access to the value of Bitcoin without investing directly in the cryptocurrency.
WisdomTree filed a very similar ETF in 2021. CboeBXZ then filed a proposed rule change in January 2022 to support WisdomTree.
The SEC rejected that rule change in October 2022, citing problems with inadequate surveillance-sharing agreements and protections against market manipulation.
WisdomTree's latest filing comes just days after asset management giant BlackRock filed a Bitcoin ETF.
While BlackRock's filing has yet to be approved, some are optimistic about the company's ability to provide a satisfactory surveillance-sharing agreement.
Bitwise has also filed for a Bitcoin ETF for immediate delivery after BlackRock. Some rumors suggest that Fidelity is planning a spot Bitcoin ETF, although those rumors have not been verified.
The SEC has yet to approve any spot Bitcoin ETFs in the United States.
bitcoin predictionI mentioned that if the downward channel is broken and there is an upward movement at this timing, it will likely rise significantly.
You can check my previous post for more information.
As the third extension of the third wave is currently underway, it is expected to demonstrate the highest level of increase.
We anticipate a length of 161.8% (33780) or 261.8% (42550) of the larger-scale first wave.
BTC Weekly Chart Update on 12/05/2023Look at the falling wedge pattern in weekly time frame for BTC. Need to watch 200 WMA level to see, if that works as a strong support level. If weekly candles closing below 200MA, BTC will drop further.
BITCOIN to find support at 25kAs the downmove from the 31k top seems to be a corrective move, being three wave structured, I am looking for a potential ending diagonal in wave {c} of 2. If I am correct we should briefly break the 25300 low, find support around 25k and then resume higher.
Feel free to ask me questions and trade safe!
Financial Wave. BTCWe are sticking to our main scenario in Bitcoin and expect a rise in wave (iii) with a target of $35346. A drop in price below $23614 cancels this scenario.
bitcoin predictionWhether up or down, there is a high probability of a significant price movement
breaking through the channel this time.
Therefore, chasing trades may be more favorable than counter-trend swing trades this time.
If it breaks below 25,400, go short.
If it breaks above 27,600, go long.
However, it is important not to forget to set a stop-loss immediately if it returns to the original price range.
BTC Head and Shoulders Break Target HitWith today's price action Bitcoin has come down to test the 25,300 level.
This has been a very important resistance level in the past that once it broke above this level, it needed to come back and retest as support.
As we can see, there's also an upward trending trading range / trend channel (In Blue) that has held well twice before.
Hopefully BTC bounces here and continues higher, ideally getting through the $32 K level.
Past $32k to the upside, gives a clear path to FWB:48K to $50K, the Golden Pocket retrace of the market cycle high to low.
But there are a sizable order blocks above between FWB:29K and FWB:31K that will act as a formidable resistance area (not shown). So this is going to be interesting battle.
We still have an unfilled CME gap around $20k also.
And there's a larger Head and Shoulders forming on the weekly chart, that if we lose the neckline support points to a re-test of the recent market cycle lows down to $16k.
Our indicators show that the bottom is in, but could still be re-tested.
But my bias for now is towards the upside.
What do you think?
Bitcoin At Key Support But Very Weak!Bitcoin finally hit 25.3K very close to the Fibonacci golden picket which is 25.1 but I dont think the sell is over, We might see a touch at 24.8 before any meaninful upward move to maybe 27K.
Bitcoin: looking pretty good!I'll be brief as always, as I don't want to bore you with my words, but I'd rather have you looking at the chart the way I look at it.
I am looking for further upside into wave 3 of (3) as we are at a pullback in wave 2 which I highlighted to be less deep than the one in the higher degree wave (2).
Always happy to take questions, trade safe!
Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k.
If Bitcoin seems to be pumping, you guys don't think the bullrun has started.
Because if we analyze the chart from the previous halving, Bitcoin looks like a dump.
This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition.
Only those who can wait should take this trade according to their financial condition.
Bitcoin's Evident Drop Unveiling a Clear 2.9% DeclineTechnical Analysis :
>We have an important level (represented by the red line) that has been broken on the 15-minute timeframe. This indicates a shift in demand towards the next zones, as illustrated by the yellow line as the initial target and the blue lines as anticipated targets. Additionally, we should keep an eye on another key level(blue line) that will be tested by the upcoming 1-hour candle.
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!!
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.
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!
Bitcoin, Full Chart Analysis It's not financial advice. it's just whatever I think we will see soon.
So just notice and think about it.
Are you ready? So, Let's go
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Hello Guys. new day, new analysis.
many of you sent me messages about counting BTC waves. and today I want to show you everything you need to know about Bitcoin.
I separated waves by different colors to understand where we were!
everything is clear.
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After finishing five waves we began correction waves. we know them as A, B, C
the A waves started from 69k has 5 microwaves.
The Second one is B and it has 3 microwaves.
and finally, we have a C wave that included 5 waves.
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At this time we are in the B wave and the market could go up to the 0.382-0.618 level of the Fibonacci Retracement of the A wave. After that, the C wave will begin.
as I told you before the C wave has 5 microwaves ad we expect the market to drop step by step.
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please write your comments below and tell me what you think.
Are you agree with me?
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Sincerely Yours
Bitcoin : make or breakStage : Stage 2 uptrend
Breakout date : 13.3.23
Breakout level : 25200
Volume : High
Bitcoin was in Stage 2 uptrend and is now going for retesting its breakout level next week.
New buy levels only above 31035 when it breakout with high volumes.
BTCUSDT - manipulation to come if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Bitcoin Trading Overview Hello! Today I would like to share my observations regarding the current situation with Bitcoin.
Currently, Bitcoin is trading within an ascending channel, which is a positive signal. Its current position in the middle of the channel may indicate that we can expect price fluctuations in the near future. However, it is important to note that we need to closely monitor the further price movement in order to determine the direction.
On the chart, I have marked several zones that may be significant. First and foremost, I anticipate that we may move towards the upper boundary of the ascending channel. If such a movement occurs, it could serve as a good signal to open positions in the direction of growth.
However, we should not rule out the possibility of the price dropping to the level of $23,000. If this happens, it could create an excellent opportunity to enter the market at a favorable price.
It is important to know your risks and always have a capital management strategy. Please note that these are just my thoughts and should not be considered as financial advice.
Bitcoin Came Down To 25.7K! Expect More Dump Or A Pull Back ?Bitcoin Went Down to 25.7 and bounced back up.These bounces usually have another leg down aiming to hit Longers StopLoss,If the SL hunt happens 25.1 could come.Otherwise we could retrace to ~26.3 then go to 28K supply zone( combined with our bold whiteline)
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Bitcoin Bull Market Fully Matures! Category 5 😮 What now?In this video we examine what happens after a Bitcoin bull market fully matures and stabilizes. We also explore the relationship between the timing of bull market maturity and the future halving price, and how this relationship may affect the price action moving forward. Thanks for watching!
