BTCUSDT seems to go downI saw a map of possible price movements for bitcoin where the price after he broke the trendline in the 1h timeframe on July 5, 2021. He has a tendency to go down and at this time I see the price is retesting the trend line area and some trendlines and strong resistance previous. I also see a possible pattern that will occur, namely a bearish gartley , one of the natural harmonic patterns (I drew the harmonic line using the close point) and it seems that the reversal has occurred in the area where the strong resistance confluences. but be careful because the larger trend is still sideways.
I remind you that this is for educational purposes only. Not an invitation to enter a position. Risk disclaimer!
share your views/opinions below.
Btcsell
BTCUSD will drop Bitcoin, as seen on the chart, will likely experience a weakening in the near future after previously breaking the trend line in the 1h timeframe. The trend indicates a decline with the previous impulsive move. Now I see that after a retest of the trendline line on the lower timeframe it formed an ascending broadening wedge pattern. and head and shoulders.
Risk disclaimer! for notification only, not for position entry. Do your analysis
BTC shorts into 21kMajor/Bold call on this one. It is evident that the market structure is bearish on crypto and I do not see any bullish bias whatsoever. BTC has just tested a daily level and broke weekly lows on Monday. It is showing signs of rejection before it plummets down to 26k first then 21k.
Caution Regarding the Market's Trend Dear @All
Please read and consider the following for two minutes before posting any comments. Your financial success or failure has no bearing on my life. I'm solely cautioning you about Bitcoin's future direction and warning you about the possibility of massive loss.
I have the data of bitcoin since 2010 which had the minimum of $0.05. I couldn't find the full data history in Tradingview. I have drawn the waves in the chart. Uptrend for now is over and market has already WAVE A and B. We are in Wave C which this wave will divided into 5 waves. You can calculate the top of wave 2 by Fibonacci or the simple formula of Elliott Waves.
There are 2 methods to calculate the end of this drop: 1- calculate the waves of Wave C : 64509 top and bottom 47936, then top of wave 2 in Wave C will be 58178. Now you can see the other waves which End of wave 3 in downward (wave C) will be 31363, wave 4 (of wave C) 37693, and wave 5 (of wave C) 21120.
2- Now let's count the whole of the movements of Bitcoin as GrandWave 1 and check where is the end of Wave 2. Start of Wave 1: 0.05 End of Wave 1: 57218. You will see that end of GrandWave 2 will be ended at 21857 which is very close to the rate we found above.
I wrote all of this Not because of your Likes and Follow. I wrote to just give a caution about a possibility of loss.
I don't recommend to take SELL Position (Because I Never trade on Future Market). My suggestion is that to WAIT for short time. If it happens you have enough money to enter from the bottom and make great profit.
The following Chart that before I draw didn't consider the drop to 21k and it shows the drop to 41k which will be a mistake in analysis.
Self Intro:
PhD in field of Financial Engineering at USTC.
BTCUSD BEARISH TARGET/ 50% CORRECTIONIn the analysis before we talked about the bullish and bearish pressure zones.
The bears have won for now. We have a bearish sequence activation (yellow).
If the sequence is activated (price is lower than A) the probability in higher that we see a correction to (C) our target.
It's beautiful to see, that even fundamental news, don't interfere with the technical analysis (if they are good).
Looking for possible moves in BTCUSDFirst of all : I see 3 cases in BTC :
1)BTC is doing a V correction and is going to the upside and will mark a top in the 72-85k price range and after that a correction of about 40-50% will likely happen based on historical runs of 2013 and 2017 where BTC has crashed at a steep pace after marking its top and retracement back to about 70% or (in fib 70.2) where most alt coins complete their bull runs. Some alts finish along with BTC based on historical data .EG : LTC,DASH,BCH,etc.
2) BTC is doing a ABC correction and will go down as deep as 35k and will see a reversal and will move upward as mentioned in point 1 .
3) BTC has marked it's top and is on a correction and may go as low as 30-35k price range and do a final retracement to about 55-58k price range where reversal will happen .However i find this very unlikely but again it can happen .
IF BTC played out like expected then i expect BTC to bottom down between 10 to 14k price range.12k USD price is what I'm seeing as bottom.
I stay entact to what I said in previous ideas and the data mentioned here is in reference of those ideas.
#These factors rely on BTC topping out during the 70 to 85k price range based on the 2013 bull run.
#Consider this invalid if BTC breaks 100k USD
#DYOR
#This is not investment advise
BTCUSD - Pay Attention, Stay Calm, Spend Money !!!Hello everyone,
I am trying to give a hand to others that could be stuck in indecision.
Consider that anything is possible, check the end of the last 4 months(Options), check the indicators(Divergence), check support zones, check Rising Wedge. Trust True Intuition
Take(Do not Pay) Attention to fibb retracements, resistance zones, buying interest, volumes and the last show for this Bull Run, which could be near.
Consider it,
This is not just a trading advice,
St. Gex
BITCOIN BACK TO 21.000?!?MY BITCOIN PREDICTION
-Today we saw a manipulation of market after Elon Musk updated his bio on twitter which says "bitcoin" .
-This is my prediction for bitcoin in following days. My first target is 25.500 and the second target is 21.500 if we don't break the trend line .
-We can clearly see that 2 trend lines were broken and both has been tested and fib levels 78,6 and 61,8 were rejected.
-we can also spot w pattern on bearish trend line
STAY SAFE AND TRADE YOUR ANALYSIS!!
BITCOIN CAN REACH 20.000 SOON - THAT'S WHY! 3 Signals of TA (Symmetrical Triangle + Fibonacci level + Point of Control) suggests us that BTC's price could reach a price in a Range (20.000$ and 18.000$)
When the Candle close below the Symmetrical Triangle, it could be the right time to think to short BTC.
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