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BTC/USDT Analysis: Post-triangle Breakout in Ascending Channelhello guys. I have published about this pattern before, and now I am certain about this scenario! Key Observations: Broken symmetrical triangle Pattern: Bitcoin has broken out from a pattern, indicating a bullish reversal from the prior downward trend. Ascending Channel: After the breakout, BTC is moving within an ascending channel, showing the formation of higher lows and higher highs, confirming bullish momentum. Support Zones: Around $57,000-$58,000: Strong support, previously tested and confirmed, serving as a potential rebound zone for price corrections. Resistance Zones: Between $66,000 and $67,000: The first significant resistance. If Bitcoin breaks through this level, the bullish trend will likely continue. Between $75,000 and $77,000: A key upper resistance target, marking a long-term price goal if momentum persists. Potential Price Path: The chart outlines a scenario, where after a correction or consolidation around current levels ($61,000-$63,000), BTC could retest and break the $66,000 resistance. A clear break could see prices surge towards the $75,000-$77,000 range. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
#BTC/USDT Price forecast, Another 100% Accurate Setup!#Bitcoin : Yet another precise chart, pointing to $42,800, and are we headed lower? Unlikely, though not impossible. The dips are consistently being bought, showcasing resilience in the market. The Bulls remain steadfast, refusing to surrender. Bitcoin appears to be crafting a bull flag as we speak. Caution is advised against adopting a bearish stance at this moment. Though there's supply above $45k, FWB:48K could be on the cards. I'm spot-long for the next two years. It's a strategic move, and my confidence in the potential is unwavering. Curious to hear your thoughts on the current market dynamics. DYOR, NFA Do boost this chart if you like it. Cheers! 🚀 #Crypto
Long
by Cryptorphic
11
Where to from here on BTC part 3This is the third post in the series of posts where I am looking at possible direction of BTC and price targets. Links to previous posts are in description. In this post we will look at DXY and use its price action to guess where BTC is headed in future. The chart you see in the post shows a wave count based on Elliott Wave analysis. The most recent count that I am tracking and makes sense is a Zig Zag correction in DXY after it put in a massive rally to 114. The Zig Zag is a 5-3-5 sequence, downwards the most difficult part of this sequence is to identify the 3 (ABC) sequence. Right now, we have completed the first two parts of the zigzag. The first 5 waves down followed by 3 wave sequence as a Flat correction and about to begin the final 5 waves down to 94 region on Dxy as we have satisfied the minimum requirement for the 3-wave sequence completion, which the 0.5 retracement from top to bottom. We just tapped it and are rejecting from 0.5 retracement. Why does it matter for BTC price? It's because DXY is highly inversely correlated with BTC price, so if DXY is about to go down bitcoin is likely to go up. Another thing I noticed is the divergence in DXY/BTC correlation. DXY has put in an enormous 8% rally, from 13th July when it bottomed out and btc topped on the same date. But after 17th of august dump there has been a divergence, Dxy Put in an almost 5% rally and during the same time BTC put in 15% rally after hitting 25K support. This shows the increasing strength of Bitcoin overtime, possibly because of increasing adoption among institutions. I will be tying it all together in this series, in a final post which is coming soon. So please follow me for updated on this analysis and may others to come in future.
TVC:DXY
by zakoraio
Bitcoin not looking pretty. Lost the $22,470 supportWell well well. It´s not looking pretty. And it´s bitcoin so, this is even more relevant as we all know its dominant role. Next key support is $20,717 in my BTCBUSDPERP chart. Check for $20,500 as a general value. In my opinion its time to wait and see how bitcoin deals with the current support level. Would not be surprised to see a sling shot recovery, but not just yet. This is short in the short term and long in the long one, for me.
FTX:BTCPERPShort
by Ivanbole71
BTC rebound - 85 K next ATH this yearHi guys! Let's see the RSI on both pictures. We have this hudge diverge. All the locals hights of BTC had lowe hights for RSI and pullbacks. Now we are aproaching the moment we will break this divergence. Don't forget the MACD that screams BUY. I know, all fundamentals are saying I should be bearish and especialy on the riscky assets, I'm verry bullish on BTC. We will see. My personal opinion is that we could see 50K in a couple of weeks, maybe much less time... THIS IS NOT A FINANCIAL ADVICE! It's just my personal opinion! CHEERS! TAKE CARE OF YOUR HARD MADE MONEY!
Long
by Bogdan_TOMOIAGA
Bitcoin - Important Levels :$41100-$41500 for The Next Rise...Hello, We respected the forecast made at the beginning of the week. The next important levels are those between $41170 and $41600. This area needs to hold in order to resume a sustained rise with prices hovering around the red Max flow-lines during this early March. (the slopes of these Flow-lines are calculated according to the mathematical principles of econophysics). If we break these levels and explore the time-price matrix of the red rectangle, the pace of the rise could be reduced to the long-term and short-term channels of the blue Moderate Flow lines. For the moment the time-price relationship is excellent. To be continued... Xavier
COINBASE:BTCUSDLong
by TheoKalia
Bitcoin (BTC) Elliott Wave Analysis: More Pain IncomingIf I am correct in my analysis, Bitcoin is currently in the fourth wave of the overarching trend. If we break down this wave further, the forecast could be as follows: Wave 4 could move as a corrective wave with a typical a,b,c movement. However, keep in mind that the moves in this wave could be far more complex than shown here. According to my analysis, we are at the beginning of the c in wave 4. This c can be broken down again into a possible smaller (a), (b), (c) move. My reason for this assumption is that I think it is quite likely that Bitcoin is currently going through a short-term accumulation phase, which will trigger a final countermovement (b). Typically, wave 4 corrects about 38% to 50% of wave 3, but it may not dip into the price territory of wave 1. If this were to happen, the analysis presented here would have to be discarded. Given that the analysis is correct, this final c-movement of wave 4 could take the bitcoin price back to the 2017 top, which has so far remained untested. What would follow is wave 5 which will create a new all time high for BTC . The analysis presented supports the idea of a lenghtening cycle.
BNC:BLXShort
by MisterCoinlover
1
BTC - 8h - Main Bitcoin forecast - rise to $56,000 Hi Colleagues 🖖 🖖 A few words on the cryptocurrency market situation and about Bitcoin. BTC buyers held the range of $47000, which we talked about in the previous idea: This mark was the local liquidity zone and the lower limit of consolidation . Lack of trading volumes forced sellers to give up the initiative in the BTCUSDT market 🆘 Global critical point, where it would not be desirable for the price to reach (if there should be continuation of growth) is the range $44600-45600. Price squeezes are allowed there. But if we see weak bounces from this range - it will be a signal for continuation of falling with 🙈first target of $42000. This is an alternative scenario for now. 🔥 The main scenario is a test of the $50800-51400 range. There will be a serious struggle in this range. ❗️First, this price range has already reversed the BTC price twice . Secondly, the sellers' main trend line, which they held since November 11, is set there. If the buyers manage to take control of the $50800-51400 range - our final target is $56000 🟢. Is a local wave of growth to the mark $47300 possible? Yes, such a wave of decline will still be acceptable for the realization of our Bitcoin forecast. Just at that point, you can see how altcoins will hold. For a short-term trade, this would be a good chance to get in a good trade. After the $56,000 test, you can look for new entries into long positions with minimal risk. So far, altcoins are not bouncing much behind bitcoin. But the likelihood of continued consolidation in the BTC market in the $47000-51000 range could allow other cryptocurrencies to exhale after the pressure and make good price pullbacks of 20-30%. It all depends on Bitcoin and USDT dominance. So far on the dominance chart we can see that capital is starting to return to altcoins. The prospect of BTCUSD dominance falling gives another signal for a greater likelihood of an altcoin bounce. What do you think about the situation in the Bitcoin market? Write your opinions in the comments ! _______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
52
BTCUSD: it will gain momentum around 38k and then flies to 50kI decided to share with you the logic behind my btc analysis in a very short video :)) In brief: we see a falling wedge structure moving towards a very important demand zone! What logic tells us is that a reversal is most likely to happen over the demand zone! See the video for a more illustrative explanation. Personally I would take my chances on trading this opportunity. A hint for those who are interested in trading #altcoins as well: my personal bag consists of #ftt, #qtum, #vra, #polis(the staratlas coin). Hope this is helpful! Take care and have a nice weekend
COINBASE:BTCUSDLong
by chartmaster1991
BTC Creates First Higher High Market Structure. Bull Run Here? BTC is up another 3% today as the cryptocurrency creates the first higher high since the mid-May market collapse Bitcoin is now up by a whopping 16% over the week The latest price hike allowed BTC to climb above the 200-day EMA today It seems that the cryptocurrency market has shrugged off last week’s US Infrastructure Bill taxation after surging 16% on the week to climb above the 200-day EMA level and create the first higher high structure seen since before the mid-May market collapse. Bitcoin had penetrated above a descending wedge at the end of July and has since been on a bullish swing higher as it makes its way back toward $50K. Bitcoin Price Analysis What has been going on? Taking a look at the daily chart above, we can clearly see the breakout of the descending wedge formation in the second half of July. Since breaking above, BTC surged inside an ascending price channel in the final week of July to reach the high of around $42,550. After hitting this high, BTC would then go on to retrace in the first few days of August until support was met at $37,500, provided by a .382 Fib Retracement level. The breakdown of the ascending price channel and the support found at $37,500 is best seen on the 4-hour chart. After meeting the support, BTC would then rebound higher last week and eventually create a high higher above $42,550 over the weekend. This is the first higher high the market has seen since the mid-May market capitulation. It would push higher over the weekend to hit the resistance at the 200-day EMA. Today, BTC surged further as it broke resistance at the 200-day EMA to meet $46,090, provided by a 1.272 Fib Extension level. Again, best seen on the 4-hour chart. This higher high is quite significant as it marks the turning point for the previous downtrend and could possibly be the first signal to suggest that a run toward all-time highs around $60K is incoming. Bitcoin price short-term prediction: Bullish BTC would now have to drop beneath the August support at $37,500 to turn neutral in the short term and would need to continue further beneath $31,500 to be in danger of turning bearish. If the sellers push lower, the first support lies at $45,000 (200-day EMA). This is followed by $42,550 (July highs), $41,622 (.5 Fib Retracement), $40,600 (.618 Fib Retracement), and $40,000 (20-day EMA). Beneath $40K, added support lies at $39,155 (100-day EMA), $37,500, and $36,660. Where is the resistance toward the upside? On the other side, the first resistance now lies at $46,090 (1.272 Fib Extension). Above this, resistance is to be expected at $47,820 (bearish .618 Fib Retracement), $49,460 (1.414 Fib Extension - blue), and $50,000. If the buyers continue to drive above $50K, additional resistance lies at $50,660 (1.618 Fib Extension), $52,000, $53,000 (bearish .786 Fib Retracement), and $56,0000 (bearish .886 Fib Retracement). For more fundamental analysis and 4-hour technical analysis, please take a look at our main article here; coincodex.com
COINBASE:BTCUSDLong
by CoinCodex
1