bitcoin update please check previous analysis
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Btc-bitcoin
BTCVery important levels 63 and 67K
I would more pay attention at 67K level.
If #BTC manages to have W close above 67K, that will mean that uptrend continues, and probably we will the PA as on the chart.
Keeping an eye and trading according to RM :)
BITCOIN testing the 1W MA20, most consistent Bull Cycle Support!Bitcoin (BTCUSD) dropped on the Fed Rate Decision day near the 1W MA20 (green trend-line), the closest it has been to it since the week of October 16 2023 when it broke above it. This level is of considerable important for BTC as it is probably the most consistent Support historically during Bull Cycles.
On this 1W time-frame analysis, you can see why that is. In the past 3 Cycles, this level broke and had 1W candles closing below it only 3 times. None during the 2015 - 2017 run, twice during 2019 - 2021 (one for correcting the Libra euphoria and the other the COVID flash crash) and one during the current 2023 - 2024 run (August - October).
As a result, this is technically the strongest Support that Bitcoin can meet before the ultimate 1W MA50 that is only closed below when the Bear Cycle starts. On top of the above, you can see the 1W CCI testing the top of its Bull Cycle Support Zone (green circle), resembling the tests of September 07 2020 and March 20 2017, both being the most optimal buy entries before the Parabolic Rallies begun.
But what do you think? Will Bitcoin rebound on this critical 1W MA20 Support or close below it for the 4th time in 11 years?? Feel free to let us know in the comments section below!
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🔥 Bitcoin: Don't Miss This Massive Trade!In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends.
As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading closely around the trendline. This will activate the reversal trade.
In my eyes, it's possible that said reversal will be the start of a new bullish trend for BTC, which can potentially take us all the way to 100k.
Small risk, huge reward. What do you think?
Bitcoin on 4h chart by RB🚀Hello, friends! Today, I wanna share with You my short-term analysis of Bitcoin.👇
Note that the price has broken through the purple 🟣 and the orange 🟠triangle. Currently, the price is attempting to test the resistance level 60 000 (the lower triangle line)
and it's likely that we'll see a price decrease to the levels of 56,000. If we fail to establish sufficient support at this level, the price decline will continue, and we'll witness 54,500 and a sharp dump to 52,000.
If You found my analysis interesting, hit the 🚀 and subscribe, and I'll be delighted to see You in the comments under my posts.
Thanks for Your attention🫶
Sincerely Yours, Kateryna💙💛
BTC $58 000 incoming...$52 is possible🧐Hello, dear friends! 😊The cryptocurrency market continue declining rapidly. Of course, Bitcoin is doing the same.🔻
I've shown You on my chart, what we might expect in the next week or two.👇
In the photo ⚪️ below is a typical price movement, breaking out of the triangle downward. Taken from a technical analysis book.📖
I think we can expect something similar. 🧐The $58,000 level has been looming for a while.🤓
If we hold there, we might be able to bounce off it. It's a strong support level. If we quickly drop below it, then we might see $52,000.💡
❌Being in a long position right now is very risky.❌ People, who were planning to wait it out should reconsider their strategy. The market is still in a downtrend, as usual before a halving. However, the current downtrend might last a bit longer.🤷🏽♀️
📌But: there are plenty of cool opportunities ahead, so don't despair!🩷
Thanks for Your attention🫶
Always sincerely Yours, Kateryna💙💛
Nothing!!!Bitcoin broke the pennant and now to complete the corrective wave, the price can move to the PRZ zone.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
#cryptomarket mid term weaknessTOTAL1 #cryptocurrencies total market cap chart. (Inc. #btc #bitcoin #eth #sol #bnb #xrp #doge and all #altcoins) Some dead cat bounces are necessary, but overall weakness is playing out with continuation. Former support zone is now turned into a strong resistance zone (Orange box).Declination will be sour.
Not financial advice.
Bitcoin is Ready to ⚔️Attack⚔️ to Heavy Support zone🏃♂️ Bitcoin is moving near Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 .
🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢.
❗️⚠️Note⚠️❗️ : The lines of possible waves are hypothetical , and waves can be formed in other ways .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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 Analysis (Mix of Patterns)⚠️👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it.
🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of the descending channel and 50_SMA(Daily) and Time Reversal Zone(TRZ) .
📈If we want to look at the chart from the point of view of the Classical and Harmonic patterns , Bitcoin has succeeded in breaking the lower line of the Symmetrical Triangle Pattern , and it seems that a Bearish 5-0 Harmonic Pattern is forming near the upper line of the 🟣descending channel🟣.
💡Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
💡 USDT.D% broke the 🔴 Resistance zone(4.72%-4.53%) 🔴 as I expected and is currently pulling back to this zone, the pullback structure seems to be forming with the Falling Wedge Pattern , I expect USDT.D% to rising again and this It will cause another decline in the cryptocurrency market .👇
🔔I expect Bitcoin to start falling again based on the above explanation.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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 AT RISKS! ANOTHER DROP AHEAD TOWARDS $51K ❗️Bitcoin has confirmed another major breakout on the long-held support created at the $60k region. Here I witness a breakout and pullback price action which indicates a potential downside shift toward the next support created at $51k zone. If the bearish sentiment creates the required selling pressure, we may see another hard dump towards this price zone.
Watch closely for the price action under the lower timeframe for a bearish flag or indication that can support the bearish perspective we hold here. Looking for a short setup personally which can be targeted towards the next support.
BTC is going down to touch the DP orderblockBy closing daily candle below the IDM liquidity in BTC daily timeframe, we can expect that price falls down to touch the desicion point orderblock at 54900.
After that it should create any confirmation for buy.
But if price goes below the DP (below 51000) then it could fall down to reach ENG liquidity and Extreme OB at 41870 and 40300 and then raise up to 73853 again .
this is my personal analysis and its not a financial advice.
BTC crash incoming?BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected.
Target 53k and 45k
$BTC breaking downToday we see CRYPTOCAP:BTC breaking a major support level. Unless there is a turnaround this means that 52kish is likely next.
Weekly #BTC at the green moving avg. Historically, this has not been the best gauge, but it has been "okay".
The last 2 charts show the trajectories we expect(ed) for #bitcoin to follow through.
🔥 Bitcoin Blood In The Streets: A Great Buy Opportunity?""The time to buy is when there's blood in the streets."
A quote that most traders are familiar with. It basically means to buy assets during periods of weakness.
Bitcoin is currently experiencing a very volatily bearish period.
With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term bullish trends, buying when the daily RSI hits oversold generally indicates a great time to buy.
Seeing that the overall trend has been bullish for almost 1.5 years, I wouldn't pass on a potential swing-trade. Chances are that this is the final dip before 100k.
Do I know for sure? No. However, it's a bet I'm willing to take.
My overall perception is that there's likely more selling ahead from this point, but we cannot ignore statistical data.
You buying the dip? Interested to hear your thoughts.
$BTC Bearish retest#bitcoin #btc has lost the falling channel support and now hanging below. Former trend support is now resistance. #btcusd price may test the orange box. This is also the bearish retest. Declination will cause dump to continue. Not financial advice.
BTC mid-term movement BTC possible movement towards $55k zone before continuing it is own rally, which will allow alts to make some moves.
On the long-term view, BTC peak end 2025/early 2026 could reach around $900k
BTC bitcoinbar chart array; I was looking at this the other day, two days ago, and noticed how solid the background is plus counting the fades there's only 5 out of 10. I also noticed unlike most cryptocurrency that follows through with the entire cycle before madness gains, Bitcoin does not necessarily follow that trend. Bar Chart Arrays are not finite technical indicators. They are more like broad perspectives at times when the main indicators become unusable, unreadable.
🔥 Bitcoin Copying 2019? Massive Dump PotentialIn this analysis I want to discuss the possibility that Bitcoin is copying the 2019 mid-cycle bull-market and the following bear market.
I don't see this as the most likely scenario, but it's still a scenario that can happen one way or another.
As seen on the chart, Bitcoin saw a massive ~370% gain after bottoming in November 2022. A similar gain was achieved back in 2019, which ended up in a ~70% drop. I'm aware that the majority of the drop was caused by the COVID-dump. But, since the post-COVID bull-market also followed previous market patterns I don't see why we can't have a 70% dump again.
A 70% dump from the 74k top would result in a move towards ~22k, a major hit for crypto as a whole.
Furthermore, this would strongly diminish the probability of BTC topping out in Q4-2024 as mentioned in my analysis below.
Maybe this cycle is going to be different all together? We reached a new ATH before the halving for the first time ever, so chances are that the cycle-theory is dead and that BTC is behaving as a highly volatile stock?
Interested to hear your thoughts!
BTC - Detailed Video Analysis around 60k 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the $60,000 holds, we are expecting a continuation till the upper bound of the range and $70,000.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC: Last low-risk buy before reaching 70,000.After a breakdown of the wedge pattern, consider buying between 62K and 63K. This represents the final pullback before BTC reaches 70K.
LITECOIN LTC/USD Is About To Blow Your Mind!Litecoin is repeating a much larger version of the run back in its earlier days as I show in the charts. This next move up in Litecoin is going to shock the entire cryptosphere. This is just looking at the chart and if the move repeats on a larger scale then Litecoin will probably be in $10000 dollar range. This might sound absolutely insane I know, it sounds crazy to me to but thats what the chart is telling me. Im not going to get into the reasons why fundamentally this is likely, if you want to go back into my other LTC posts I get into detail.
Dont listen to the haters, they will be the ones to give us our blow off top while we dump on their chin.
A Mid Term Strategy for $BTC A probable strategy for corrections and impulsive moves of #bitcoin #btc in 2024.
Not financial advice.
