Bitcointrading
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" .
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
Zigzag patterns typically move within a parallel channel.
The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel.
As a result, the likelihood of a complex correction occurring is considerably high.
Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck.
This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities lie with you.
BTCUSD (BITCOIN) Objective:
The goal is to take advantage of the Wave 2 correction and prepare for the upward move in Wave 3.
Entry Strategy:
Buy Limit Order: Place a buy limit order at 56,078.55, which is a key support level and likely the end of Wave 2.
Secondary Buy Limit Order: Consider placing a secondary buy limit order at 53,485.95 in case of a deeper correction.
Profit Targets:
Take Profit 1: 59,816.63, which is the first resistance level and a good point to secure partial profits.
Take Profit 2: 69,000.00, a major resistance level where Wave 3 may complete its upward movement.
Extended Target: 80,000.00, which could be the next move if Bitcoin breaks above 69,000.00.
Stop Loss:
Stop Loss: Place a stop loss below 49,351.27, the invalidation level. If the price falls below this level, the wave count is no longer valid.
Bitcoin - Bitcoin is waiting for an important week!Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel. After reaching the supply range, Bitcoin has moved in its downtrend and is currently oscillating in its corner pattern
In case of risk off sentiment in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. You can enter sell trades after breaking the bottom of the specified pattern
In case of risk on sentiment in the US stock market or investing in Bitcoin ETFs has led to the failure of the pattern in the upward direction and it is possible to enter Bitcoin purchase transactions
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana.
And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps.
Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed.
I also share potential paths, likely a dip first, then push higher toward ATH.
And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market.
Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here.
Let me know what you think, and please like the video.
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020.
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation.
😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000
4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC
Write comments under the idea and put 🚀 to subscribe, and watching how it will work out.
And the more reactions will be under this idea, the more interesting idea updates we will make ;)
#BTCUSD/H4 BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024:
BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity.
The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200.
Recommended orders:
Plan 1: LONG BTCUSD zone 56300 - 56600
SL 56000
TP 57700 - 59000 - 60000.
Plan 2: LONG BTCUSD zone 53000-53200
SL 49600
TP 55100 - 57700 - 60000.
$30K BTC before end of 2024 is Coming and How to survive the falIf you find this helpful, don't forget to follow and support us with a like.
It’s clear that buyers are struggling, but the pattern of lower highs and lower lows is concerning if they intend to push for $100k before the end of 2024.
It feels like sellers are playing a strategic game, and here's why I think market makers might be up to something.
If you’ve been following my Bitcoin analysis, you’ll know that the GETTEX:48K support target was hit, with the next range likely being $43k to $38k.
You can read more about this short target here:
I previously called for a target drop from $74k to the $30k support, predicting bounces from strong support levels.
Five months ago, when I first advised selling at $74k, many in this community called me foolish, accusing me of hating Bitcoin. But I’m a businesswoman focused on making profitable decisions, not getting emotional about any coin, Bitcoin included.
I’ve stuck by my predictions, and I’ll continue to update you based on the MT Pandora's Box strategy.
Stay tuned—this rejection at the $GETTEX:64K-$62k range is likely to push prices down to the $FWB:42K-$38k support.
DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers.
If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts.
And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year.
Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000.
The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago:
We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy.
_______________________________
BINANCE:BTCUSDT
Bitcoin BTC price + CPI US 15.05 will stir up the marketHere is a chart of #BTCUSDT on the 12-hour timeframe.
At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural.
But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change.
Tomorrow is the announcement of the "fresh" US CPI rate.
Forecast: inflation will decrease from 3.5% to 3.4%.
Declining inflation = a good signal for the growth of financial markets.
But the tweet from Mr. Biden adds some "spice".
President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing.
This is either a pre-election promise or a good opportunity to start the “printing press”
And now for a bit of conspiracy theorizing:
Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%.
This will definitely cause a powerful surge and growth in the market.
The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19.
Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?)
So where do you think the CRYPTOCAP:BTC price will go in 24 hours?
👍 towards $71000
👎🏿 towards $56500
#BITCOINx.com
Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE.
From 15 of the major publishers, ONE of them replied with- No. EVERYONE else just ignored the message. TODAY, when BTC is 20% lower, you don't see them apologizing for their incompetency, they rather come up with excuses for WHY it happened, not thinking about damage they have done to all people who TRUSTED in THEM!
So this message is for YOU - an ordinary general public person, who took an interest in crypto investing.
DO NOT TRUST THOSE PEOPLE! THEY DON'T CARE ABOUT YOUR BEST INTEREST! ALL THEY CARE ABOUT IS MONEY THEY RECEIVE FROM THOSE VERY COMPANIES THEY PUBLISH FOR!
If you want to be AHEAD of the GAME and NOT HOLD the Bag, CONTACT US in DM! #Bitcoin
BTC live analysis and Prediction on 8/4/24 My overview is bullish in BTC as per current buyers and sellers activity.
if price test resistance and retrace not more than 50-60% then a bounce is expected.
If price fail to test resistance then this overview will consider as NULL (conditions not fullfilled)
Bitcoin BTC price, new FED rate and Powell's speech 31/07/24Today at 18.00 UTC , the Fed will announce a new rate, followed by Powell's speech.
At the very least, increased volatility is guaranteed for the evening, so hedge your positions and uses stop orders and stock up on popcorn 🍿
Trading with leverage during this period is not worth it.
🤫 96% for the rate to remain unchanged - 5.5%
👎 4% for a rate cut to 5.25% today)
🔼 A rate cut is definitely an unexpected positive and a very likely breakthrough of the OKX:BTCUSDT price upwards, according to the 🐳 blue scenario.
🔽 Leaving the rate unchanged + Powell's standard comments: “the dynamics are good, but it's still far from the desired 2% inflation and blah blah blah... - this is a continuation of the correction of the CRYPTOCAP:BTC price to $62000 according to the 💔 red scenario
So which scenario is closer to your heart: 🐳 or 💔 ? Write at comment
(50 🚀 and we will add BTC.D and USDT.D charts to this idea)
Good Bounce in BTC as expectedBTC created a sharp bounce from 50-60% Retracement levels which was expected. But I was expecting price will consolidate near resistance level but price directly break the resistance in this quick move thats why there this a retracement. People booked there profit after a quick move
IF there was consolidation near resistance then sharp continuation was expected.