Btcanalysis
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Testing $43,145 resistance at the top of the triangle, Amazing reversal followed by bullish pin bar 4h close at the bottom testing $40,583 support. Bullish engulfing on last 1D close, current daily moving for follow up. RSI on 4H and 1D looking good, Watch given S/R
BTCUSD H4 is going after the Liquidity and KEY Resistance!📉Hello Traders!
This is my perspective for BTCUSD H4. I see two key levels that most probably will be reached. The first one is Liquidity at the price of 39300. The second one is the resistance level from 38500, from this price I will look for a Long trade in case of confirmation.✅
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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$BTC Daily UpdateCRYPTOCAP:BTC CRYPTOCAP:BTC Descending Triangle forming on 1D and 4H, let's see in what direction this breaks, $40,583 support in effect followed by a bearish engulfing on 4H, if 4h shoots closing above $42,070 the Descending Triangle will break bullish, previous daily close with bearish engulfing
$BTC Daily UpdateCRYPTOCAP:BTC #BTC dropped to $40,583 support Currently struggling at $41,577 support area. $43,145 support required to reattempt at $44,174 resistance. Bearish engulfing on last daily close, should avoid follow up today. Current key support $39,458, expect resistance at $42,070 & $43,145
$BTC Daily updateCRYPTOCAP:BTC #BTC as expected $43,145 support good, $43,868-$44,174 resistance range holding strong, RSI on 4h looking good, weak volume in last 12 hours, gaining $44,174 support will help reattempt at $44,860 resistance , $45,622-$45,876 next resistance range to watch the $46,623.
$BTCUSD History Repeats itself - LONGIn continuation of our recent analysis , we meticulously conducted a comprehensive examination of BITSTAMP:BTCUSD price action. Employing a multifaceted approach, we synthesized various data inputs and discerned nuanced market conditions.
Our analysis delved into the historical 4-hour timeframe, specifically referencing November 4th, 2015. It is essential to note that the historical data, when viewed through the lens of 'relativity,' provides invaluable insights. As time elapses and market volume evolves, price action exhibits variations. This relativity facilitates a meaningful comparison between the present asset conditions and historical benchmarks.
Currently , a robust Fibonacci retracement analysis reveals a noteworthy gap of +33.381% spanning from the support zone to a key resistance level at 47,214. Upon confirmation, an anticipated swift retracement is projected, targeting approximately -41.38% at ±28.316. This critical juncture is anticipated to mark the commencement of Phase 2 within the Bull Cycle, propelling BTC price action to unprecedented heights.
BTC overviewRead the text carefully:
First of all, note that this is an overview.
Our view for Bitcoin is a large degree triangle, which we are now completing wave D of this triangle.
When we move down, from the range of 34K-32K, we can return to the side of 42K-46K and then the intended drop will take place, so be careful when returning to 34K-32K.
The completion of wave E and this triangle will take place in the next 360 days.
🚨Bitcoin is Ready for Correction🚨✅Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again ( MicroStrategy helped in this movement by buying $600 million of Bitcoin).
📚The Ending Diagonal Pattern ( Elliot's point of view) is the same as the Rising Wedge Pattern ( Classical Analysis point of view).
🌊According to the theory of Elliott waves , Bitcoin is at the end of the main wave 3, so to complete this wave, microwave 5 of the main wave 3 had an Ending Diagonal structure.
💡In my opinion, the Ending Diagonal Pattern is standard so that the Fibonacci ratios are consistent with this pattern, as well as Regular Divergence(RD-) between Consecutive Peaks .
🔔I expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to 🟢 Support zone($36,000_$35,280) 🟢 or maybe Fill the lower 🔵 CME Gaps 🔵.
❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change.
❗️⚠️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.
BTCUSDT---LONG🚀🚀🚀🚀🚀
Bitcoin in daily time
Friends, these days, if you pay attention, Bitcoin Guard has been taken for page 40
The scenario I drew for you in the picture is the worst possible situation for Bitcoin, what does it mean!
That is, in the worst case, we will make a correction towards the support of 35, and when I think the support is good, we will jump up again, regardless of the fundamentals, this analysis is.
We can reject 40, and if 2 daily candles are above 40, the analysis will be updated based on that position. I considered the worst case.
In the lower times, which are 2 days each, or in sensitive market conditions, I will give explanations. Don't act emotionally, don't forget to stop.
🗺️Bitcoin Roadmap🗺️⏰(1-hour time frame)⏰💡Bitcoin tried many times to break the 🟡 Price Reversal Zone(PRZ) 🟡 but failed every time.
🌊In terms of Elliott wave theory , Bitcoin seems to have found microwave 5 of the main wave C at the 🟡Price Reversal Zone(PRZ)🟡 and the upper line of the Rising Wedge Pattern .
💡One of the confirmation signs of our wave counting can be the presence of Regular Divergence(RD-) between two micro waves 3 and 5 of the main wave C.
🔔I expect Bitcoin to attack the Support lines and the lower Rising Wedge Pattern line after breaking the 🟢 Support zone($38,000_$37,650) 🟢.
❗️⚠️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.
🚧Bitcoin Can Drop by Rising Wedge Pattern🚧🏃♂️Bitcoin re-entered the 🟡 Price Reversal Zone(PRZ) 🟡 and is currently moving in this zone.
📈If we look at the chart from the view of Classical Analysis , it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern .
🌊In terms of Elliott wave theory , Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
💡Also, we can see Regular Divergence(RD-) between Consecutive Peaks .( Volume )
🔔I expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the 🟢 Support
zone($36,000_$35,560) 🟢.
❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change.
❗️⚠️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.