Btc at confluence support. 68k still in playSince the beginning of the month, BTC has been in an uptrend, recently breaking above its previous high of 64,500. After reaching a high around the 66,500 zone, the price began to decline in what appears to be a correction.
Currently, the price is sitting right at a key confluence support level.
If we're aiming for a move toward 68k, the price needs to hold above this level and not close the day below it.
However, if the price drops below this support, there's a strong chance that we've reached a local top, and further losses may follow.
Btcanalysis
#BTC All big time frames & all indicators leads to 40K & 30K
#BTC
**** All Big time frames & all indicators leads to 40K then 30K and may be less.
**** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
*** Check the daily trend in my account @Crypto_alphabit
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
#BTCUSDT
#bitcoin
#BTC
CRYPTOCAP:BTC
#BTCUSDT
#BTCUSD
#BTCETH
#ETH
BINANCE:ETHUSDT
#ETHUSDT
#ETHBTC
#ETHUSD
#trade
#trading
#longterminvestment
#Cryptotading
#cryptoinvesting
#investment
##trading
#cryptocurrencytrading
#bitcoininvestments
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#Cryptoinvesting
BINANCE:BTCUSDT
BINANCE:BTCUSDT
#BTC Still follows my plan (BIG TIME FRAMES)#BTC
BINANCE:BTCUSDT
*** #BTC still in the correction channel since My Expectation from 22 July 2024 .
*** #BTC did not reach 50% FIB level for expecting reversal.
*** #BTC Whales holding the price in this range (50k --- 70K) to make their bags empty.
*** #BTC Whales will drop the price again to ( 50%FIB & 60% FIB. levels ) to buy cheep again before going to 100K.
*** #BTC Whales will never buy in 50K to have 1X only when reach 100K but they will buy in 30K to get 3X when the price reach 100K.
*** #BTC may go 70K but still has to come back again to this range (45K--- 30K) and may be less than 30K.
*** Think like whales not like a small fish in the market.
*** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
BINANCE:BTCUSDT
#bitcoin
#BTC
CRYPTOCAP:BTC
#BTCUSDT
#BTCUSD
#BTCETH
#ETH
BINANCE:ETHUSDT
#ETHUSDT
#ETHBTC
#ETHUSD
#trade
#trading
#longterminvestment
#Cryptotading
#cryptoinvesting
#investment
##trading
#cryptocurrencytrading
#bitcoininvestments
#Investing_Coins
#Investingcoins
#Crypto_investing
#Cryptoinvesting
BTC's Situation: What Shall we Expect !!!BINANCE:BTCUSDT
The price of Bitcoin was in an ascending triangle and was able to break this pattern with strength, and it seems that Bitcoin can follow the butterfly pattern and reach the top of the megaphone.
However, there is an important resistance ahead that, once reached, can have a bearish effect on the price.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC Update (12H)This analysis is an update of the analysis you see in the "Related publications" section
Considering the bullish appearance of altcoins and Bitcoin, there is a possibility of a new H in Bitcoin and we are not looking for a sell/short setup at the moment.
The correction pattern appears to be a symmetrical one that is over.
From where we placed the green arrow on the chart, the symmetrical is over.
If we have a new opinion change on Bitcoin, we will give an update.
We specified the invalidation level on the chart. Closing a daily candle below 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
Bitcoin Analysis==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) .
I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel .
Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900)
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.
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Bitcoin Needs Correction==>>Filling CME GapsBitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ).
Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that investors may prefer bonds to riskier assets such as cryptocurrencies as interest rates fall.
Bitcoin is currently moving in the Resistance zone($63,500-$61,460) , Potential Reversal Zone(PRZ) , near the 21_SMA(Weekly) and 200_SMA(Daily) , Yearly Resistance(3) and upper lines of the Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Zigzag correction(ABC/5-3-5) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
Before drawing a better conclusion, let's take a look at the USDT.D% and BTC.D% charts.
USDT.D% is moving near the Support zone , the lower line of the Descending Channel and the Potential Reversal Zone(PRZ) . I expect USDT.D% to rise at least to the Resistance zone again, bringing down the Bitcoin price .👇
BTC.D% is moving in a Heavy Resistance zone. According to Elliott's wave theory , BTC.D% seems to be completing the main wave 5 with the Ending Diagonal . I expect BTC.D% to start its downward trend soon, which could cause Bitcoin to fall more than other tokens .👇
Based on the above explanation, I expect Bitcoin to at least drop to the Support zone($60,000-$59,100) and Support lines and fill the CME Gaps .
Note: If Bitcoin can break the Resistance zone($63,500-$61,460), we should expect Bitcoin to rise to at least $65,000.
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.
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BTC Breaks Key Resistance at $60K, Buyer Demand SurgesKey Developments:
BTC has broken through the major resistance zone at $60K.
Strong buyer demand is expected to continue, especially after the rate cuts decision.
Altcoin Strength:
While Bitcoin Dominance (BTC.D) is rolling over, altcoins are showing renewed strength, suggesting a broader market rally.
Market Outlook:
The breakout signals potential continued upside for BTC.
Watch for further altcoin performance as BTC.D trends downward.
#BitcoinBreakout #BTC #Crypto #Altcoins #BitcoinDominance #MarketAnalysis #RateCuts
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
BTC AnalysisHello friends,
BINANCE:BTCUSDT get ready for a big move now. I believe Bitcoin price can reach 65K soon and even more.
How can we take this trade? I'd showed you the best entry to take this trade on the chart. take the trade only if BIG VOLUME appeared on the chart, Otherwise there is a chance that price go even lower.
regards
BTC Price Targets $44K & $15K - ETHBTC & BTC.DIn this video, we dive deep into the current bearish market structure
Focusing also on ETH/BTC and Bitcoin Dominance (BTC.D). Understanding these key indicators is crucial for gauging the broader market trend and positioning yourself for potential moves ahead.
We’ll start by breaking down ETH/BTC, analyzing the weakness in Ethereum’s price action relative to Bitcoin, and what this could mean for altcoins in general. Next, we’ll examine the Bitcoin Dominance (BTC.D) chart, which is showing a shift in capital allocation within the crypto space. This movement could signal Bitcoin's growing dominance as altcoins lag behind.
Lastly, we discuss two critical Bitcoin price targets: the near-term resistance at $44,000, and the potential downside scenario to $15,000. These levels could define the next big moves for Bitcoin and the overall market direction.
Make sure to watch until the end to get a complete picture of the market’s current state and how to navigate it!
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BTC Update (4H)This analysis is an update of the analysis you see in the "related ideas" section.
After the rejection of the price from the supply determined from the previous analysis, the final price reached our demand range.
Bitcoin has reacted to this area. The price is expected to reach higher areas.
We are long on BTC with low volume.
At the top of the chart, we have a liquidity pool that is our target.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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.
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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 Bounces Back: Bullish Pin Bar Signals Potential Upside On Friday, following the release of the NFP data, Bitcoin experienced a sharp drop. However, by the end of the day, the price failed to gain further downside momentum, and instead of continuing lower to test the support of the flag formation (where Bitcoin has been trading for the past six months), it reversed to the upside.
Moreover, yesterday, Bitcoin formed a Bullish Pin Bar on the daily chart, signaling a potential higher low. At the time of writing, Bitcoin is trading at $58,200, just below a local resistance zone, with a good chance of breaking higher.
The next key levels for bulls to watch are the 61k resistance zone, followed by the significant confluence area at 65k. As long as Bitcoin stays above yesterday’s low, the bullish outlook remains intact.
BTCUSDT: IDEA THAT MIGHT RESONATE SOONHello All,
Welcome to the quick update of BTCUSDT . We have seen BTC touch the levels of $ 52500 and retrace a bit until $ 58000 but couldn't hold it.
We can see it dumping and is currently trading around $56100.
The next levels to watch out for are $54700 and $53800 . If this holds, we can see BTC pump again and might make a new high in a few months.
Support levels: $54700. $53900, $49600 in the long run.
Resistance levels: $58027, $61100, $64000, and $72000 in the long run.
Let's wait and see how this pans out. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES !!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
ScramblerG is always there to help and trade with caution but DYOR.
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.