BTC IS STILL BEARISHWhat will happen next to Bitcoin? Now we will examine Bitcoin.
First of all, we should know that Bitcoin has hit a strong resistance range.
We have a bear on the CH chart and we are also consuming the L SH (long shadow) range. If the price reaches the SWAP range, we can look for a SELL/SHORT position again.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Btcanalysis
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $44,860 resistance testing. Amazing break from $43,145 key resistance, RSI on 1D looking good, next resistance area to watch at $45,622-$45,876, $44,860 support crucial to hold as this will help reattempt at $47,232 key resistance. $44,174 current support yet to be tested
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line .
🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves .
✅Bitcoin broke the Uptrend line .
🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon.
❗️⚠️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 is Ready to Fall Again🚨👋Hi, I hope you had a great weekend.
✅ As I expected , Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢 .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($44,700-$41,780) 🔴.
📈Regarding Classic Technical Analysis , it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern .
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the wave 5.
🌊The end of wave 5 can continue to a maximum of around $44,800 .
🔔I expect that Bitcoin will FALL at least to the 🟢 Support zone($40,600-$40,280) 🟢 after the completion of wave 5, after breaking the Support line , and in the next step, it can also fill the 🔵 CME Gap($39,700-$39,850) 🔵.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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; 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.
TheKing Now- Despite the avalanche of FUDs made by the SEC.
- BTC still on his way.
- Like i said before, we are still in bearmarket but in a kind of pivot to witch to bullmarket.
- i spotted this inversed H&S few months already.
- Now the time is to wait.
- let's first see if this pattern is respected.
- Concerning altcoins :
- They dipped fast as BTC.Dominance reached almost 50%.
- Just the normal way.
- Time to charge more alts bags.
Stay Safe!
Happy Tr4Ding !
BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
📉📈 Bitcoin (BTC) Price Analysis 🌐💹💰 Current Price Status:
Bitcoin price testing $43,300, the bottom of the resistance range.
🔄 Market Dynamics:
Price close to overbought on the daily timeframe.
🔍 Anticipated Resistance:
Anticipating the $43,300 - $44,850 area to be challenging during the first attempt.
📉 Potential Downside:
If rejected and reverses, next area of support at $40,300 - $41,000.
📣 Conclusion:
Bitcoin at a critical resistance level, close to overbought conditions.
Anticipating challenges in the current resistance range with potential downside support levels.
Stay informed for market developments! 📰💹 #Bitcoin #BTCAnalysis #CryptoMarket 🌐📊
🗺️Bitcoin Roadmap🗺️⏰(1-hour time frame)⏰🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop .
🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves .
💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
🔔I expect Bitcoin to go UP in the coming hours and break the 🔴 Resistance Zone($42,200-$41,780) 🔴 in front of it, and have a minimal increase until the end of wave 4 .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#BTC LIQUIDATIONS COMING SOON !!!HELLO TRADERS ...
#BTCUSD has drop as we had sent predictions in our previous analysis on cup & Handle Shape based chart which is attached in comments
Dear traders weekly chart is showing us some rejection near weekly resistance which was last high of 2024 till now Iam still expecting some retracements and EFT will get some more selling pressure to help they buy cheaper BTC technically it is showing a rejection on broken support which was 42K$ a stronger $ can push the BTC more down to its new support zone lets see what markets bring to us. Friends its just a trade idea on base of technical analysis share Ur thoughts with us it help us alote
have look on Bull Trend analysis also in our profile zone tests also worked well from given levels till now but i am expecting more Drop if BTC does not hold above 44K next week.
Stay Tuned For more updates!
BTC ANALYSIS (4H)It is a bearish structure because we have a bearish CH and then a bearish iBOS is also seen on the chart. This price pump can only be considered for collecting orders.
I specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
One more push to 25k then a correction to 21k before takeoffBreaking 23.3k after holding 22.3 fairly well, I believe the market is due for one last push of the little volume (relatively) is left since the surge from 17k towards 25-26.3 and finally a healthy correction back to the lower limit support 19-21.2k.
And then off we go 30k<
Bitcoin will jump to 50-60k soonBitcoin has signs on the chart that indicate that it may reach the previous extreme swing range.
The best range for support is the green marked range located somewhere between the 34-37K channel.
There are liquidity pools in these areas. After sweeping these pools and hitting support, with a little time, the SW H marked on the chart may be conquered.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$BTC Daily updateCRYPTOCAP:BTC #BTC AMEX:GBTC outflows effecting #Bitcoin, $39,458 support came in effect, current 4h with potential bullish engulfing, Previous daily closed bearish, RSI on 4h and 1d close to oversold region, expect a reversal as AMEX:GBTC outflows cool down. $42,070 & $43,145 resistance to watch.
What happens when Crypto Chessboard flips?In-depth analysis considers various factors:
Despite the approaching Bitcoin halving.
We consider the following:
Acknowledging the historical price surge before the Bitcoin ETF launch, making it resistant to substantial capital investments.
Recognising the lack of momentum post-ETF launch and the struggle to breach the upper resistance around 51-52k.
Taking into account the challenging global economic situation, particularly in the United States.
Highlighting the potential impact of a Black Swan Event, investigating the consequences of a fictitious ETF post.
Addressing uncertainties following CZ's departure from Binance as CEO, posing another potential Black Swan event that could push prices below the Wyckoff distribution phase boundary at 24-22k.
Speculating a third logical move by corporate traders to increase market liquidity, creating a massive bull trap to attract influencers and optimists anticipating a significant Bitcoin ETF-driven price surge, leading to widespread doubt in Bitcoin and a gradual decline to the Wyckoff lower support.
Related Financial News:
- Bitcoin's halving event draws attention from traders, with speculation on its potential impact.
- Historical price patterns show resistance before major events like ETF launches, impacting capital flow.
- Global economic uncertainties, especially in the U.S., contribute to the overall market sentiment.
- Increased scrutiny on potential Black Swan events, emphasizing the need for risk assessment.
- Binance's CEO change introduces an element of uncertainty, potentially affecting market dynamics.
- Corporate traders strategizing for liquidity boosts, creating opportunities for market manipulation.
- Influencers and optimists fuel expectations of a Bitcoin ETF-driven surge, but skepticism prevails due to historical patterns and external uncertainties.
BTC → Bitcoin Blasts Through Resistance Then Falls Down. Short?Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short?
How do we trade this? 🤔
To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend trade: Measured Move Complete, Strong sell signal above key resistance area, RSI below the moving average around 50.00 with room to fall.
I frequently reference the 4HR chart when trading the Daily timeframe. As you can see in the chart below, the 200EMA on the 4HR chart overlaps with the 30EMA on the Daily chart. Using that same point of reference as a key support level, we can look for a close below the 4HR 200EMA to justify our short. That also allows us to get an earlier entry into the position:
Once we get that candle, we can justify a short scalp to the previous trading range/measured move mid-support at a 1:1 Risk/Reward Ratio.
💡 Trade Idea 💡
Short Entry: $42,650
🟥 Stop Loss: $46,950
✅ Take Profit: $38,350
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Measured Move Completed Into Key Resistance Area.
2. Strong Sell Signal Above Measured Move Resistance.
3. Strong Sell bar falling to 30EMA
4. Wait for Daily Candle to Close below 30EMA.
5. RSI at 50.00 and below Moving Average.
💰 Trading Tip 💰
There is over a 60% chance of a measured move after the breakout of major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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What is the next move of Bitcoin?Based on our analysis, the red box is a very strong supply and is related to the above timeframes.
We expect to have rejects from this area to the 35K to 36K channel.
This movement may take some time, but we should note that the price receives a lot of sell orders from the red box
We have already predicted the recent Bitcoin pump. Refer to the related analysis section of this analysis below
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You