Bitcoin ! BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GOBitcoin is stationed in an inefficiency zone but with a lot of strength. It undoubtedly had a bullish week, and naturally, after a bullish run, the price needs to take a pause or rest. What better place than our historical zone, which we've marked as an inefficiency zone on the 1-day chart.
Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating.
As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action.
THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO!
So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait.
Thank you for supporting my analysis.
Best regards.
Btc-bitcoin
TURBO price volatility gonna increase soonAfter four months of sideways accumulation and holding strong above 0,003$ TURBO is poised to face the next leg up. Considering that the Ethereum meme ecosystem is constantly growing and - chartwise - ETH is making higher highs and higher lows over the last two years riding towards new all-time-high this could play out very well in the future.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.
Bitcoin Short-Term Resistance: Watch The Bears!In this analysis I want to take a look at BTC's short-term price action: what can we expect over the next few days?
As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless.
On the bottom you can see the RSI indicator flashing overbought. The previous 2 times this occurred it caused a reversal.
This is exactly the same as today: RSI overbought and hitting resistance. This is not a time to be bullish. I'd wait for the price to pierce through the resistance. For aggressive bears, however, this seems like a perfect bearish swing-trade.
Breakout Candle Confirms Uptrend: Higher Levels in Sight for BTChello guys.
let's dive into the monthly time frame of btc analysis.
Breakout Confirmation:
The candle highlighted in yellow, initially suspected to be a "hunting candle," has not confirmed its status as such. With 6 subsequent candles failing to validate a hunting pattern, it is more likely a breakout candle indicating a continuation of the bullish trend.
Scenario Probability:
The more probable scenario suggests a continued upward movement, targeting the next significant resistance level above $72,000.
The scenario where the price touches the lower level (around $42,000) is less likely, given the strong bullish momentum and support levels seen in the recent price action.
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$BTC doing exactly what we said...Was away and have not posted here in some time. Was away and had a few things neded to take care of. Please see profile for more info on that.
Will consolidate everything we have said on #Bitcoin over last few days.
CRYPTOCAP:BTC was worth a shot early this week or late last week. We bought overnight Sun - Mon.
Mid 60's is likely around the corner.
Don't see #BTC in the high 60's but 67k is definitely possible.
Buy volume is still WEAK. Not crazy about that BUT at least it has been more buys, sellers might be done for now.
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again.
According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) .
In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern .
We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 .
I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) .
Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least).
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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 is Ready to PumpBitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel .
According to the Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel .
I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel .
Note: If Bitcoin goes below the Resistance zone($55,720-$54,550), we should expect Bitcoin to dump to $51,000(at least).
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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 - One more leg down 47k ?Hello People
This is what is going on with bitcoin in my eyes after a long time of not posting any ideas.
BTC on daily timeframe is in a weak downtrend kind of a bull flag but dont let the flag fool you, they could fail just like any other pattern or candle formations.
our job is to assess risk and trade in the side of higher probabilities.
At the moment on H4 time frame as you can see BTC looks like to be forming a right shoulder if you want to look at it as a H&S pattern or just simply look at it as a lower high point obviously after printing that lower low at $52500, currently hovering at %50 retracement of the bearish leg that started on Sun 25 Aug. I've highlighted a dark blue zone which is exactly between %50-%61.8 fib which is very likely to act as a strong resistance. the next bearish leg would take BTC down to 47k-46k zone, my target to get out is set at 47k mark. risk to reward wise we are in a good situation which is 3 to 1, in my opinion trading is all about good enough risk/reward ratio and trying to be on the higher probability side of the market in other words trading what you see. even the best setups can fail so be smart.
let's see how the market unfolds.
cheers
BTC - Bullish Control Persists!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our latest analysis, attached on the chart, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then.
As long as the bulls remain in control, a continuation towards the $61,000 - $62,000 resistance zone is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LINK Long-Term Entry OpportunityLINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders.
To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish trade.
Keep in mind that it's a risky bet. BTC is slowly bleeding and alts overall look bad. However, a R/R over 20 when trading from an established long-term support is worth a bit of risk.
Bitcoin is Ready to Attack to Resistance zone==>>Short termBitcoin is currently moving in the Resistance zone($55,720-$54,550) .
According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) .
Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern .
I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle .
If you want to know more about Bitcoin, please look at the below post:
Note: If Bitcoin breaks the uptrend line, we can expect more dumps.
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
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: To the Moon? | Analyzing the '3 Market Phases'Hello everyone!
Bitcoin is currently displaying the '3 Market Phases,' and we’re transitioning from Contraction into Expansion. As long as the price holds above the lower boundary of the horizontal channel, I believe there’s a strong likelihood of continued upward momentum.
Key points:
Break below the channel: A breakdown could signal the beginning of a significant downtrend. However, if the channel holds, the uptrend is expected to persist.
Uptrend continuation: There’s a solid chance we could see a rise toward the 63K level.
This is not a buy or sell recommendation.
It reflects a personal viewpoint and is intended for reference only.
All decisions and responsibilities lie solely with you.
All About the Head & Shoulders Pattern(Beginner-Friendly) Part.2Hello, everyone.
Today, I’m excited to share the second part of my educational series on chart patterns.
In this post, we’ll be focusing on the 'Head and Shoulders' and 'Inverse Head and Shoulders' patterns.
For those who missed the first part, you can catch up here:
↓↓↓
As always, I’ve kept the explanations simple and beginner-friendly. I hope this guide provides you with valuable insights!
Here’s today’s outline:
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✔️ Outline
1. What is the Head and Shoulders pattern?
Definition
Key components
Characteristics
2. Head and Shoulders
Basic features
Examples
3. Inverse Head and Shoulders
Basic features
Examples
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1. What is the "Head and Shoulders" pattern?
1) Definition
The Head and Shoulders pattern is a well-established reversal formation that appears after an uptrend and signals the potential start of a downtrend. It indicates that buying pressure is weakening and selling pressure is gaining momentum.
2) Key components
Left Shoulder: The initial peak, where the price rises and then pulls back.
Head : The highest peak, situated between the two shoulders, representing the final bullish push.
Right Shoulder: The third peak, which is typically lower than the head but similar to the left shoulder, signaling diminishing buying interest.
Neckline: A key support line drawn across the lows of the left and right shoulders. A decisive break below this neckline confirms the reversal and the beginning of a downtrend.
3) Characteristics
Reversal signal: The Head and Shoulders pattern marks a transition from an uptrend to a downtrend.
Easy identification: The structure is visually distinctive, with three clear peaks.
Neckline significance: A break below the neckline serves as a confirmation signal for the downtrend.
Volume dynamics: Volume typically rises during the formation of the left shoulder and head, decreases during the right shoulder, and surges again when the neckline is breached.
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2. Head and Shoulders (Reversal from uptrend to downtrend)
1) Basic features
End of an uptrend: The Head and Shoulders pattern forms at the end of a bullish phase, signaling a weakening in buying strength.
Distinct peak heights: The head is always higher than the shoulders, which are generally symmetrical, though the right shoulder may sometimes be slightly lower, enhancing the pattern’s reliability.
Neckline as a trigger: The neckline acts as a critical support level. A break below it confirms the pattern and signals the onset of a bearish trend.
Volume confirmation: Volume increases during the left shoulder and head formations, weakens during the right shoulder, and spikes when the neckline is broken, confirming a potential sell-off.
Price target: After the pattern completes, the expected price drop is typically equal to the distance between the head and the neckline, providing traders with a target.
2-1) Example 1
In this example, we see a fakeout at the right shoulder, followed by a sharp decline.
After a brief retest of the neckline, the price broke through and continued its downtrend.
2-2) Example 2
In this chart, a fakeout occurred when the price dropped from the head and formed the neckline, misleading many market participants. After forming the right shoulder, the price successfully declined. There were two retests, which confirmed the reliability of the pattern.
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3. Reverse Head and Shoulders (Trend reversal from downtrend to uptrend)
1) Basic features
End of a downtrend: The Inverse Head and Shoulders pattern typically forms at the end of a downtrend, signaling a potential reversal to the upside.
Formation of lows: Like the standard Head and Shoulders, this pattern consists of three lows—left shoulder, head, and right shoulder—with the head being the lowest point.
Neckline significance: The neckline is drawn across the highs of the left and right shoulders. A break above this line confirms the reversal and acts as a strong buy signal.
Volume pattern: Volume tends to decrease during the formation of the pattern but surges when the neckline is broken, signaling strong buying momentum.
Target setting: After the pattern is confirmed, the expected price rise is often equal to the distance from the head to the neckline, which helps traders set profit targets.
2-1) Example 1
After the Head and Shoulders pattern formed, the price broke above the neckline, successfully reversing the downtrend into an uptrend. A buy strategy would have yielded profits at the breakout point.
2-2) Example 2
In this example, a smaller Reverse Head and Shoulders pattern formed within the head of a larger pattern (see Example 3). After two successful retests, the price reversed into a strong uptrend.
2-3) Example 3
This example showcases the smaller Reverse Head and Shoulders pattern mentioned in Example 2, located within the head. After two successful retests, a buy strategy could have led to profits as the price reversed into an uptrend.
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✔️ Conclusion
"Charts are the maps of the market."
The Head and Shoulders and Reverse Head and Shoulders patterns we’ve covered in this post are key signals that frequently appear in the market. Charts aren’t random—they are visual representations of market psychology and investor behavior. As traders, our role is to interpret these maps, navigate the market, and make informed decisions.
Investing is more than just buying and selling. Sometimes the market may move contrary to our expectations, while other times we seize opportunities and achieve success. Each experience is a chance to learn and grow. The more experience you gain, the more paths you’ll recognize on the chart.
Success in this market requires persistence, patience, and continuous learning. Understanding and analyzing chart patterns like the ones discussed here is just the beginning. I hope this post has helped you gain a deeper understanding of the market and make more informed decisions.
The market is always evolving, but within that evolution lies opportunity. The key is developing the ability to spot those opportunities. With knowledge, experience, and confidence, you’ll find greater success.
Stay prepared, and always listen to what the market is telling you.