Btc-bitcoin
Bitcoin is Ready to Attack Heavy Support Zone!!!Today, January 10 , key U.S. employment data , including Average Hourly Earnings , Non-Farm Employment Change, and the Unemployment Rate , were released, influencing global markets, including Bitcoin ( BINANCE:BTCUSDT ).
Stronger-than-expected employment figures suggest a robust economy, potentially leading the Federal Reserve to maintain or increase interest rates. Higher interest rates can strengthen the U.S. dollar ( TVC:DXY ), making Bitcoin and other cryptocurrencies less attractive as alternative investments , possibly exerting downward pressure on their prices.
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Bitcoin started to pump from the Heavy Support zone($93,400-$90,000) , as I expected . ( Bitcoin allowed us to enter a long position two times .)
Bitcoin is moving near the Resistance zone($96,800-$95,520) , the upper line of the Ascending Channel , and near the 50_SMA(Daily) .
According to Elliott's wave theory , Bitcoin seems to complete wave C of Zigzag waves(ABC/5-3-5) . At best, wave C could rise to $99,000 (but unlikely).
I expect Bitcoin to go down based on today's US employment data and the fact that the U.S. DoJ received court approval to sell 69,370 BTCs . Bitcoin will attack the Heavy Support zone($93,400-$90,000) again soon, and this attack may be able to break this zone .
⚠️Note: If Bitcoin goes above $99,000, we can expect more Pumps.⚠️.
⚠️Note: We should expect more dumps if Bitcoin touches $93,500 before reaching the Resistance zone($96,800-$95,520) again⚠️.
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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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HelenP. I Bitcoin can correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. In this chart, we can see how the price rose to the trend line and then turned around and dropped to the resistance level, which coincided with the resistance zone. After this, the price tried to grow but failed and broke the 101000 level and continued to fall to the support level, which coincided with the support zone, and when BTC reached this level, it at once rebounded up. Then price turned around and made a correction movement to the support level, after which repeated movement up to almost the resistance level. Next, Bitcoin made a correction to the 93200 support level again and even entered to support zone, but soon turned around and rebounded up to the trend line. When the price reached this line, it broke it and made a retest, after which continued to grow to a resistance zone. So, when BTC entered to resistance area, it turned around and at once dropped to the trend line, breaking the resistance level one more time. Just now, the price trades near the support level and I expect that BTCUSDT will correct to the trend line and then start to grow. For this case, I set my goal at 97000 points. If you like my analytics you may support me with your like/comment ❤️
CAUTION: BTC may drop and will have some news to facilitate thatWhat if I tell you Price may reach 75k range before continuing bull trend.
I have been posting ideas since mid Dec 24 cautioning everyone and wait for confirmation before Yoloing (Check my other ideas). Don't get caught in influencers game.
on Daily TF, I am seeing H&S pattern and weakness in market to break structure for a month.
We may see BTC price touching 200 daily MA. This will invalidate if daily close above 108.5k.
I am not bearish, its just temporary pullback.
Even if you miss small rally to wait for confirmation, that's fine. you are reducing your risk.
I know what's NEXT for Bitcoin!I recently shared two thoughts on Bitcoin price action to come..
In one of them I call for a retrace to 85K or lower, in the other I call for a new ATH. I know this might be a bit confusing so let's shed some more light on it.
Here you see BTC on the 1W Timeframe. I am using the Dynamic Fib Retracement indicator to do some trend analysis based on Fibonacci.
The blue colored zone/band is the golden pocket as calculated by the indicator from pivot highs/lows within a certain lookback range. The lines are the 0.236 (Preliminary), 0.382 (Secondary) and 0.5 (Median) Fibonacci retracement lines calculated in the same way. The purple line is the 1.618 retracement line (aka the ''Target Line'').
Now you understand this I can explain my thought process:
Scenario A (Bullish)
If price can manage to get back above the blue preliminary fib line and hold that range (around $98,550), I am convinced we see a new ATH for Bitcoin. The purple target line suggests the target for that would be around $117,000+ USD per BTC.
Scenario B (Bearish)
If price cannot get back above the blue preliminary fib line and finds resistance in that range around $98,550, I am convinced we see a bigger retracement for Bitcoin. The blue zone/band suggests the target for that would be around 80-83K USD per BTC as of right now, but this golden pocket band will slightly adjust higher so lets say $85,000 per Bitcoin.
Do you agree or do you have other ideas? Let me know!
All you need for Bitcoin to see top, bottom or a crash.These charts show everything you will ever need to buy and sell Bitcoin.
5 day BTC chart.(right chart)
Orange vertical lines on chart show when the RSI touches the pink horizontal line after it touches the top red horizontal line. This indicates a bear market.
Yellow vertical lines on chart show when RSI rose above orange line after touching the blue line but failed to touch the red horizontal line before hitting the pink horizontal line. This indicates a crash is coming.
The green arrows on chart show whenever the blue EMA8 goes below the yellow MA55 after being above it.
This indicates either BTC has entered a bear market or a crash like setup similar to covid. If we get another green arrow you will know what to do as it will be a crash or bear market.
The green trendlines on chart show each bull run Bitcoin touches this trendline 3 times or more before it has a parabolic move. The anamoly being the covid crash. So far this bull run it is only twice that Bitcoin has touched the green trendline.
On the LMACD the green vertical lines show everytime the 5day LMACD crosses down (blue LMACD line going under orange LMACD line) when it is above the horizontal yellow line. This has happened 21 times with only 1 time (red vertical line) where price did not drop to the EMA21 (orange moving average line) on the chart.
BTC just did this cross on LMACD so it has a 95% chance of moving down to touch the orange EMA21.
Based off all this clear evidence it is easy to see that you sell Bitcoin when RSI hits red horizontal line. Confirmation of bear market is as per indicators mentioned above.
You buy when RSI touches blue horizontal line.
You won't sell the exact top or buy the exact bottom but very close to it. You would need a different chart to calculate the exact top.
This chart will stand the test of time if history keeps rhyming for Bitcoin.
Monthly BTC chart.(left chart)
On the monthly chart the orange vertical lines indicate whenever the Stoch RSI went above the green horizontal line. The yellow vertical line on the chart shows the covid crash as the Stoch RSI did not stay above the green horizontal line for very long.
The green arrow on the Stoch RSI shows when it fell straight through the red horizontal line after being above the green horizontal line. This indicated a bear market.
The pink arrows on the Stoch RSI show the crossover of the Stoch RSI (blue RSI line crosses under orange RSI line) after it fell below the green horizontal line and bounced off the blue or red horizontal lines. This indicated the top and a bear market.
After seeing this current information on the Stoch RSI (bounce off blue line) it looks like the upcoming crossover will be a pink arrow.
These arrows indicate time to exit the market as you can see.
Bitcoin is Ready to Pump Again==>>Short-term!!!As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) fell to the Heavy Support zone($93,400-$90,000) .
Bitcoin is moving in a Heavy Support zone($93,400-$90,000) near the Support line .
According to the theory of Elliott waves , it seems that Bitcoin has completed the first 5 downward waves , and we can wait for upward corrective waves . Bitcoin has completed two corrective waves in the 15-minute time frame , and we can wait for the next corrective wave .
From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Pattern in the 15-minute time frame , and if Bitcoin breaks the upper line of this pattern, we can confirm this pattern.
I expect Bitcoin to rise to at least $95,170 AFTER breaking the Upper line of the Falling Wedge Pattern .
⚠️Note: If Bitcoin breaks the support line, we can wait for the Heavy Support zone($93,400-$90,000) to break.⚠️.
⚠️Note: In general, if you open a Long position, you can keep it up to the Resistance zone($96,680-$95,520) or Risk-Free your position.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC - 4H Consolidation LikelyThe current low market volume is typical during the Christmas and New Year holiday period, as institutional players and many retail traders reduce activity. This reduction in liquidity often leads to lower volatility and smaller price movements. In this scenario, BINANCE:BTCUSDT appears to be consolidating within a well-defined range, as highlighted by the resistance zone around $99,000 and the support zone near $92,000.
With minimal external market drivers expected until trading activity picks up after the holidays, BITSTAMP:BTCUSD is likely to remain range-bound. This sideways movement aligns with historical behavior during low-volume periods, where breakouts or significant trends are less frequent. Traders should consider this low-volatility environment when planning short-term strategies.
BTC Not Looking GoodTeam,
We have a blood diamond on the BTC 2 Day Chart. Typically when we get these on HTF, we should expect continuation of the downside movement for 4 - 6 bars. Which means next 7-10 days we will be dealing with a potential downward pressure. Be prepared.
If we break the neck line of the potential H&S pattern that is forming, our target on the down side is early 80k. If we mirror the pattern we took to go up to 107k level to the down side as a measured move, as you can see on the chart our measured move take us down to SD 3 level of 76-77k. This will also fill the CME gap.
What am I doing with my leveraged trading? I'm waiting in cash with limit orders for altcoins to take advantage of any significant moves to the down side. I have set up chart set ups similar to this bitcoin chart.
On the BTC macro front, some important news just came out. And these usually lead us to major bottoms.
Exact quoted news:
“According to DB, the US government has been granted permission to liquidate 69,000 Bitcoins (worth $6.5 billion) seized from Silk Road, an official confirmed to DB News today.
Notably, this comes less than two weeks after the new administration took office, which had promised not to sell the Bitcoins.
The U.S. Department of Justice (DOJ) can sell 69,370 bitcoins seized from the Silk Road darknet marketplace, a federal judge ruled Dec. 30.
The DOJ cited bitcoin’s price volatility as a reason for pushing for permission to sell the assets."
DoJ is required to sell any cleared assets to cash, and transfer that cash to treasury once sold.
USMS (US Marshal Service) has certain financial reporting processes that restrict withdrawals from its exchange account near the end of each month.
This is why you usually see DOJ deposits to Coinbase prime earlier in the month.
On top of that, liquidations are supposed to occur within 5 business
days. So they’re supposed to do it quick after forfeiture, and 5 business days after notice to CB, but they’ve taken longer in the past. Point is window is closing quickly if it hasn’t already. That is, if they’re following their own rules.
Bitcoin is Ready to Fall Below $90,000!!!Reasons!!!As I expected in the last few posts, Bitcoin ( BINANCE:BTCUSDT ) seems to have started a major correction .
Please be with me.
First, let's take a look at the weekly chart analysis that I shared with you on November 12, 2024 , which almost gave you an All-Time High(ATH) in both time and price .
Let's examine the Bitcoin chart on the 4-hour time frame in terms of Classic Technical Analysis . Bitcoin seems to be forming the right shoulder of the Head and Shoulders Pattern . So that in terms of the validity of this pattern , the following two points can be pointed out:
1- During the time when the right shoulder reached $104,000, it was 8 days and 4 hours that the right shoulder was not able to reach $104,000 during this period, and this shows the weakness of buyers or the strength of sellers along the path of the right shoulder.
2- Regular Divergence(RD-) between the right and left shoulders between the price and the volume indicator.
In terms of Elliott wave theory , Bitcoin, over the past 18 days , seems to be forming an Expanding Flat(ABC/3-3-5) corrective pattern, with the main wave C ending at $102,725 . ( I mentioned this in the update of yesterday's post ).
If we look at the chart of USDT.D% ( CRYPTOCAP:USDT.D ), as I said in the update of yesterday's post , we should have waited for the increase of USDT.D% (due to the sensitive position it was in). I expect USDT.D% to attack the upper line of the descending channel soon .
I expect Bitcoin to attack the Heavy Support zone($93,400-$90,000) and the neckline of the Head and Shoulders Pattern soon, and if it breaks, we should expect Bitcoin to drop to the Potential Reversal Zone(PRZ) , Support line s and 100_SMA(Daily) and then Bitcoin can fill the CME Gap($80,670-$77,100) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin: Head & Shoulders Reversal Pattern In The Making Tradingview offers simply the best instruments for charting.
We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow).
I spotted this textbook pattern today and would like to share this educational post with you.
It was shaped by three peaks with the highest (Head) in the middle.
The Right Shoulder reached its climax right at the top of the Left Shoulder.
It makes the pattern more symmetric.
There is a Neckline that intersects both valleys of the Head.
Its a reversal pattern and the trigger is located at the Neckline under the Right Shoulder
around $91.7k.
The target is measured subtracting the height of the Head from the trigger point.
It was highlighted in the chart at $75k.
The collapse could be painful.
This might prove the old traders saying "buy rumors (Tramp promises), sell facts (reality)" for Bitcoin.
Bitcoin Roadmap!!!Bitcoin ( BINANCE:BTCUSDT ) is still moving in the Resistance zone($100,000-$98,000) .
Compared to the previous analysis , I still have the opinion of correction on Bitcoin .
Regarding Elliott wave theory , Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
Also, USDT.D% ( CRYPTOCAP:USDT.D ) is in a very sensitive zone . Given that USDT.D% is near the lower line of the descending channel , the support lines , and the support zone , I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours , and the increase in USDT.D% can cause Bitcoin to decrease .👇
I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000 .
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️
Cumulative Short Liquidation Leverage: $100,840-$100,000
Cumulative Long Liquidation Leverage: $97,870-$97,000
Cumulative Long Liquidation Leverage: $96,000-$95,000
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.