BTCUSDT - FRACTAL Shows Parabolic Move SoonHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
On the charts I have a fractal of the BTC chart from 2020. We see a very similar pattern : two topouts, a regressions channel followed by a short term rally leading to a bearish H&S pattern on the daily. Previously , the price of BTC drops -18%. If we were to use that same percentage, that gives us a rough target of $24.5K which corresponds with my recent update on Bitcoin where I'm short until 25K.
We have some strong arguments here for a short term bearish move after which the 2020 fractal was followed by a parabolic increase.
I'm expecting to see some volatility this weekend as the fractal continues to play out.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P BINANCE:BTCUSD INDEX:BTCUSD KUCOIN:BTCUSDT OKX:BTCUSDT BYBIT:BTCUSDT
Bitcoinusd
Bitcoin: Bulls VS Bears: Battle of $26KHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
A quick analysis on Bitcoin. Over the weekend we may see some volatility as the bulls and the bears battle on the current support zone at $26400.
It is my personal view that this trendline will hold , due to a macro market perspective analysis that I did a couple of days ago which pointed towards BTC being in phase E of the Wyckoff Method market phases :
Incase you missed it ! A new altcoin that leverages memes and the hype of AI : AIDoge :
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KUCOIN:BTCUSDT COINBASE:BTCUSDT OKX:BTCUSDT BINANCEUS:BTCUSD BITFINEX:BTCUSD PHEMEX:BTCUSDT
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
$Bitcoin: On it's way to 3200? Bullish scenario exploredAfter the trend reversal of Bitcoin early in January this year, BTCUSD is in an uptrend.
There have been some pullbacks on the way, but, the uptrend has stayed intact so far.
Currently, we are witnessing another pullback phase. So, it would be unwise to think of this
as a "dump" as long as the price stays above the 100-day EMA.
As indicated in my chart, I expect Bitcoin to resume the uptrend again and reach 32000
level once this pullback phase is over. Bitcoin between 25500-27000 is a buy for me.
BUY BTCUSDAfter the withdrawal of liquidity for sale below the old lows, a potential local "bottom" was formed.
The highs noted are future growth targets above $32,500.
These are the last opportunities to open long positions before the continuation of the bear market ($12,500) without taking into account short-term trade.
Bitcoin Long 202305183rd Wave
Need a valid breakout of 27501
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTC Trading Signal: Target 40000
BTC currently has a relatively clear trend line. If it does not fall below during the backtesting process, you can refer to this trend line for long trading. The resistance is 29800-30200, and the target can be set near the resistance.
If it falls below, short positions will have a better chance to make a profit. The support is 28600-28200. Of course, you can go long near the support. As long as the support is valid, the probability of profit is also very high.
The long-term goal is still at 40,000!
Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, if you follow me, you will definitely gain more!
BTC Trading Signal: Go Long
In the opinion released last Saturday, I clearly told everyone that if you break the trend line, you can go short, support 28600-28200, and go long near the support, with a target of 29000. Both transactions are perfectly completed.
Today, Bitcoin fell below the 28600-28200 support, which has turned into resistance, and the support moved down to around 27200.
After a continuous decline, the 30m chart pattern has a rebound demand, so the next transaction is mainly to do more at low levels, and the upper resistance focuses on 28200-28600.
Bitcoin Next Week Possible MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " ABC " Correction
Impulse Correction Impulse
Symmetrical Triangle
SMC - CHOCH
Break of Structure
Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Impulsive " wxyx " Wave will Completed its " z " at Daily S / R Level
$3k BULLISH WAVE (IV) UNDERWAY: TARGET AREA 29007-28687!!BITCOIN is STILL going down in a BEARISH ZIGZAG MILLENNIUM WAVE (X), and subdivided into WAVES W, X, Y. This BULLISH WAVE (IV) is a counter WAVE against the TREND (please notice the inverse head and shoulders), therefore I am predicting BITCOIN is going UP $3k in 3 WAVES (a,b,c) of degree CYCLE to my projected target area 29007-28687. Please comment below and let me know what you think.
BTCUSDT - has bull market really been started? Hello, dear friends!
Bitcoin has approached to the critical price level where most of traders are struggling to define if now still the bear market or the bull market has been already strated. In today's article we will try to bring together many facts and make the conclusion about what is coming next. Let's go!
BEAR MARKET STRUCTURE
I have see many opinions that bear market has been started on November 2021, but I suppose it has started much earlier - in April 2021. My first evidence of this assumption is that maximum euphoria was in April, where we saw the largest altseason ever. Remember, many altcoins made 10-100x in those period. After OKX:BTCUSDT faced with the corrective move in wave A. The wave B was very tricky, it broke through the previous ATH which made a lot of traders confused. But in November 2021 only BTC and fundamental altcoins set the new ATH, like ETH, ATOM and DOT. So-called "shitcoins" demonstrated very weak pump and retraced only to 0.61 Fibonacci. To sum up this part of analysis, I consider now Bitcoin is finishing the wave C before the new bull market.
WAVE C STRUCTURE
Our main purpose now is to anticipate where the wave C could be ended to invest in crypto. Wave C should consists of 5 waves. Awesome oscillator is our best tool to identify the waves. The minimum AO value corresponds to the wave 3 bottom. Yes, It was at $17500, not at $15500. In my opinion, wave 4 has the shape of complex correction - very tricky one for all traders. I suppose that wave 4 has been finished in two reasons: BTC reached the 0.38-0.5 Fibonacci area and AO crossed the zero line.
WHAT IS THE BEAR MARKET TARGET PRICE?
I consider the wave 5 ahead. It's to fearfull that the potential target for this wave is located between $9k and $10k. There I plan to invest in Bitcoin and some fundamental altcoins. I suppose most of altcoins will disappear at such low price levels. Anyway we have the clear scenario invalidation level. If Bitcoin will break through the $32800 - wave 1 bottom level, my Elliott wave formation is gonna be failed.
In updates I am going to add this idea with local scenarios which supports this scenario.
Bitcoin SOPR #3- Quick Update.
- Everything is in graphic.
- Check SOPR + Green Circles.
- Did some smart hands took their benefits ?
- Yes.
- Does it means BTC price will crash ?
- No.
- Does it means we are in a correction ?
- Not really.
- Does it means it's a boring phase ?
- Yes.
Happy Tr4Ding !
Bitcoin is the Answer? The Week Ahead [ Bitcoin ] ₿Price is currently in between our Weekly Level's
Support - 27,592 $
Resistance - 30,319 $
Price Is currently in between our Daily Level's
Support - 28,857 $
Resistance - 29,540 $
Price Appears to be closing above our Daily Level 28,857 which is a Win for the Bulls.
The Bulls are also happy that the weekly candle appears to be printing a larger bottom wick than a top wick.
This Bottom wick is also rejecting our Weekly Support Level at 27,592.
Zooming out we can see that Bulls are also happy that price has been printing
Higher lows on the Daily Chart since the 3rd week of March.
The Bears are happy that the Weekly Candle appears to be rejecting the 29,540 $ Daily level from the Previous week.
The Bears are looking for Pullbacks to Medium term 24,310 and the Longer term targets being 10,600 Monthly Level.
I can observe Bears being content with holding shorts as long as price holds below our 30,319 Weekly Level that extends back to June 22'
30,319 is a S/R Zone that held as a Solid Support during the recent Bull Run to 69K.
Price held Support at this S/R Zone (30,319 $) during Jan 21' and July 21'.
This is a Major Key Level (30,319$) for Shorts as I can observe price going back up to 39K rather easily if price does not hold here.