Bitcoin is Ready to Attack the Resistance Zone ==>>Short termBitcoin ended up filling both CME Gaps as I expected.
Bitcoin is currently moving near the Support zone($65,500-$64,600) and seems to have succeeded in forming a Falling Wedge Pattern .
I expect Bitcoin to attack the Resistance zone($67,540-$66,740) at least once and if this zone is broken, we should expect Bitcoin to reach $68,000 .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Bitcoinsignal
Bitcoin will Fill the CME Gap!!!Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to go down at least up to the Support line and the CME Gap($66,350-$65,835) .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Annual Bitcoin Conference 2024==>>ExpectationsBitcoin moved as I expected in previous posts . The question here is whether the upward trend of Bitcoin continues or not!?
I apologize for the that the chart is a bit busy. I think all was needed😊.
🌐 Breaking News : As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets. 🌐
Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 in the resistance zone , and now we have to wait for corrective waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
In addition, if we look at the USDT.D% chart , we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone , which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market.
As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024 , and if Bitcoin breaks the Support lines , the Support zone($64,000-$62,280) , 100_SMA(Daily) and 21_SMA(Weekly) , we can wait for the CME Gap($60,845-$57,895) to be filled.
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Now, let's get some information about the Annual Bitcoin Conference .
The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community.
My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017.
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The year 2017:
Date: May 22-24
The main market trend: Bullish
Bitcoin changes during the conference(%): +7.66%
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The year 2018:
Date: May 14-16
The main market trend: Bearish
Bitcoin changes during the conference(%): -4.27%
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The year 2019:
Date: May 13-15
The main market trend: Bullish
Bitcoin changes during the conference(%): +11.87%
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The year 2020:Covid
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The year 2021:
Date: June 4-5
The main market trend: Bearish
Bitcoin changes during the conference(%): -5.6%
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The year 2022:
Date: April 6-9
The main market trend: Bearish
Bitcoin changes during the conference(%): -6.89%
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The year 2023:
Date: May 18-19
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): +2.00 %
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The year 2024:
Date: July 25-27
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): ❗️❓ %
What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise?
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It can be concluded that when the general trend of the market is bullish , Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024.
But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction.
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Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
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Bitcoin Analysis==>>Bat PatternBitcoin is currently moving in an Important Resistance zone($68,000-$66,170) , which it has tried to break several times.
It also seems that Bitcoin has succeeded in forming a 🦇 Bearish Bat Harmonic Pattern 🦇.
I expect Bitcoin to drop to at least the Lower line of the Ascending Channel .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Bitcoin will go up again==>>Short termBitcoin made the corrections I had expected in previous posts .
Bitcoin is moving near the Heavy Support zone($63,410-$62,280) and Support lines .
I expect Bitcoin to rise by touching the Support lines and Support zone($63,520-$63,240) .
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
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Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts .
Bitcoin is currently moving in the Support zone($63,410-$62,280) .
According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days.
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end .
I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) .
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
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Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines .
I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Bitcoin Need Correction!!!==>>15-min time frameBitcoin started to rise after the German government finished selling Bitcoin , and what happened to Trump .
Bitcoin is currently in the Resistance zone($64,420-$62,700) and near the 21_SMA(Weekly) .
According to the theory of Elliot waves , it seems that five waves have been completed and we should wait for corrective waves .
I expect Bitcoin to fall to at least $61,780 .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price.
In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart.
Note: If Bitcoin can go above $62,000, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
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Bitcoin Can Go Up TemporarilyIt seems that Bitcoin has finally managed to break the Heavy Support zone($61,100_$58,700) as I expected in my previous Posts .
According to the theory of Elliot waves , the main wave 5 in the Potential Reversal Zone(PRZ) has ended, and we should wait for corrective waves .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise, at least temporarily, to the target I specified on the chart.
Note: If Bitcoin can break the Potential Reversal Zone(PRZ), the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
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Bitcoin Roadmap==>>(Update)Bitcoin is moving in the Resistance zone($63,450_$62,100) and close to the 21_SMA(Weekly) .
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . (The Maximum of wave 4 can be up to $65,080 , and the Potential Reversal Zone(PRZ) can continue.)
Before the better result, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) .
It seems that BTC.D% has managed to complete 5 impulse waves in the Heavy Resistance zone(60%_57%) , and we should expect BTC.D% to fall in the coming days and weeks.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of wave 4 , and then Bitcoin will fall and at least fill the CME Gap($62,085_$60,400) .
Note: If Bitcoin can touch $65,580, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.
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Bitcoin Analysis==>>Cup & Handle PatternBitcoin is moving near the upper line of the Falling Wedge Pattern .
In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Cup & Handle Pattern . ( continued pattern )
After breaking the neckline, I expect Bitcoin to rise to at least the target I've 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 ⏰.
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Bitcoin can touch $67,000 SoonBitcoin is moving in a Heavy Support zone($65,730_$64,240) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in forming a Leading Diagonal .
Also, we can see the Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise to at least $67,000 after breaking the upper line of the Leading Diagonal.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
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Bitcoin Analysis==>> FallingBitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊.
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 .
In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign ).
Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks .
I expect Bitcoin to continue falling at least to My targets .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.
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Bitcoin is Ready to Attack the Heavy Support zone!!!Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) .
I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
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Bitcoin is Ready to Attack the Resistance zone!!!Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement.
Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line .
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140) .
I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
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Bitcoin Roadmap==>>15-minute time frameBitcoin is moving near the Resistance zone($70,890_$70,140) .
According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing the main wave 4 . So far, the main wave 4 structure is a Zigzag(ABC/5-3-5) .
I expect Bitcoin to fall at least to the Support zone($69,280_$69,120) . If the support zone breaks , we can confirm the end of main wave 4.
This post is a continuation of the following post.
Note: If Bitcoin manages to break the Resistance zone($70,890_$70,140), The scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
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Bitcoin is Ready to Fall===>>Symmetrical TriangleBitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle .
We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ).
I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart.
Important Support Zone($69,500_$68,820) : Monthly Pivot Point//Fib Cluster//100_SMA(Daily)//50_SMA(Daily) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.
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Bitcoin is Ready for PUMP to $69,000(at least)Bitcoin is currently moving near the Potential Reversal Zone(PRZ) , the lower line of the ascending channel , and the 100_SMA(4-hour TF) .
In terms of Elliott wave theory , Bitcoin seems to be completing wave C . The correction pattern is Zigzag(ABC/5-3-5) .
In terms of Classic Technical Analysis , Bitcoin is moving in a Falling Wedge Pattern .
I expect Bitcoin to rise to at least the Resistance zone($69,500_$68,820) .
Note: If Bitcoin manages to break the lower line of the ascending channel, we should wait for Bitcoin to attack the support zone ($65,730_$64,180).
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
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Bitcoin Analysis(More fall)After Mt. Gox moved $840 million in Bitcoin to a new wallet , Bitcoin started to fall.
Bitcoin has managed to break the lower line of the ascending channel .
According to the theory of Elliott waves , it seems that the next corrective waves have started .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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🚨Bitcoin will Fall by Failed Falling Wedge Pattern🚨❌ Bitcoin failed to break the 🔴 Resistance zone($65,700-$67,520) 🔴.
📈From the point of view of Classical Technical Analysis , the Failing Wedge pattern failed, and since if the reversal pattern fails , the pattern will have a continuing role , the Bitcoin fall is still expected.
🔔I expect Bitcoin to continue its downward trend after the rise to the lower line and 🟡 Potential Reversal Zone(PRZ) 🟡again.
❗️⚠️Note⚠️❗️: If Bitcoin touches $65,500 , the bullish scenario can change, I will talk about the importance of this number in the next posts .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🌐 Bitcoin seems to have started to increase under the influence of Ethereum ETF news ➕ Inflows into Bitcoin ETFs hit $237 million on Monday .
🏃♂️ Bitcoin is currently moving near the 🔴 Resistance zone($73,780-$71,920) 🔴 and the Resistance line .
🌊According to the Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 5 .
🔔I expect Bitcoin to Attack the Resistance zone after the completion of micro wave 4 from the main wave 5 .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analysis (It's time for Bears🐻🧸🐼)✅ As I expected , Bitcoin reached the 🔴 Resistance zone($65,700-$67,520) 🔴.
🌊According to Elliott's wave theory , Bitcoin is completing wave 5 .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈Looking at the Market Cap USDT Dominance% (USDT.D%) chart , I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the 🟢Support zone(4.72%-4.53%)🟢. We should expect at least a temporary growth of USDT.D% , which means that Bitcoin should have a minimal correction.👇
🔔I expect Bitcoin to start falling from the 🔴 Resistance zone($65,700-$67,520) 🔴 and continue falling to at least the 🟢 Support zone($65,700-$64,180) 🟢 and the 50_SMA(Daily) .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-hour time frame ⏰.
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