Bitcoin is Ready for PUMP to $69,000(at least)Bitcoin is currently moving near the Potential Reversal Zone(PRZ) , the lower line of the ascending channel , and the 100_SMA(4-hour TF) .
In terms of Elliott wave theory , Bitcoin seems to be completing wave C . The correction pattern is Zigzag(ABC/5-3-5) .
In terms of Classic Technical Analysis , Bitcoin is moving in a Falling Wedge Pattern .
I expect Bitcoin to rise to at least the Resistance zone($69,500_$68,820) .
Note: If Bitcoin manages to break the lower line of the ascending channel, we should wait for Bitcoin to attack the support zone ($65,730_$64,180).
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.
Btcsignals
🚨Bitcoin will Fall by Failed Falling Wedge Pattern🚨❌ Bitcoin failed to break the 🔴 Resistance zone($65,700-$67,520) 🔴.
📈From the point of view of Classical Technical Analysis , the Failing Wedge pattern failed, and since if the reversal pattern fails , the pattern will have a continuing role , the Bitcoin fall is still expected.
🔔I expect Bitcoin to continue its downward trend after the rise to the lower line and 🟡 Potential Reversal Zone(PRZ) 🟡again.
❗️⚠️Note⚠️❗️: If Bitcoin touches $65,500 , the bullish scenario can change, I will talk about the importance of this number in the next posts .
❗️⚠️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 will Go Up after Pullback🚀💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday.
💡 Bitcoin seems to be completing a pullback right now.
🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 .
📈In terms of Classic Technical Analysis , Bitcoin managed to break the resistance zone , resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern . Bitcoin seems to have increased at least to the 🎯Target🎯 of this pattern.
💡Let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart .
💡 USDT.D% seems to start falling after reaching the 🔴 Resistance zone(4.92%-4.87%) 🔴, which is in line with Bitcoin's analysis. ⚠️The scenario will change if USDT.D% can break the resistance zone⚠️.👇
🔔I expect Bitcoin to rise to the next 🔴 Resistance zone($65,700-$67,520) 🔴 after the completion of wave 4 (pullback) .
❗️⚠️Note⚠️❗️: If Bitcoin falls below the 🔴 Resistance zone($65,700-$64,180) 🔴, the scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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.
TP is 59261 @M15 & M30"Given the sudden rise in the price of Bitcoin, which led to touching the previous peak at 62785 with GAP method, and considering the William percentage placed at its ceiling, indicating readiness for a price decline, along with the downward trend in daily movement, it is likely that the next target for price decline, according to the method of GAP, is 59261(TP)."
BTC Analysis (27th April 2024)
Crypto Analysis (27th April 2024)
BTCUSD Analysis
On the 4 hour timeframe, price action has swept the buyside liquidity and created a bearish Change of Character, leaving behind a large 4 hour bearish FVG.
Price retraced into the fvg, respected it and continued to create a 4 hour Bearish BOS.
Dropping to the 1 hour timeframe, price has created a 1 hour Bearish unmitigated orderblock we can look to take sells from if bearish confirmations shows after testing the OB.
Else, if price decides to break past the bearish OB, we can capitalise on a break and retest to continue higher.
Bitcoin- Bulls held strong, so no need to worryThe recent geopolitical tensions have impacted BITSTAMP:BTCUSD , further highlighting that it is not merely a safe haven but rather a risky asset.
However, this drop appears to be primarily an emotional reaction. The technical level that I've been discussing for quite some time, originating from the 62k zone, has held strong. Following this dip, the price has reversed and is currently trading with almost a 10% rise from the recent bottom.
Medium to long-term bulls need not fret as long as the aforementioned level remains intact.
My strategy remains unchanged: buying dips in anticipation of a new all-time high in the 80k neighborhood.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $71,379 tested as expected! Trying to hold support at $71,379, RSI on 4H and 1D suggests it could drop below $71,379 unless maintains volume here and heads towards $73,523 test (latest ATH area), 11 Days from halving, Current 4h 25 minutes from close and forming bullish pin bar, let's hope it can remain bullish on close. $68,543 Key support below $71,379, Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Tested $66,961 on Friday as expected, revisiting key support at $66,323. Finally above $68,546 on 3rd attempt, $69,813 testing. Bullish engulfing on last 1D close and RSI also looking good on 1D, expect $71,379 test if followed thru, $68,546 support yet to be tested, it will be key support if held.
BITCOIN The Golden 51%-49% Ratio! 600 days of Bull Market left!This is a really simple Bitcoin study on which I calculate the remaining days of the current Bull Cycle we are in based on the Top, Bottom and Halving of each Cycle. These parameters are effectively used to distinguish the Bull from the Bear Cycles. Tops are obviously where the Bull phase ends and Bear starts, while the Bottoms are where the Bear phase ends and the Bull starts.
** The 51%-49% Ratio and the important of the Halvings **
The focus of this study is the Bull Cycle. As you see on the chart there is a striking similarity on each Cycle. The phase from the Bottom to the Halving is 51% of the whole Bull Cycle while the rest (Halving to Top) consists the 49%. Practically we can claim that the Halving seems to be the middle of each Bull Cycle.
** So where are we now? **
Based on the above ratio and with the 3rd Halving scheduled on May 12th, 2020, we can calculate that the first phase (51%) of the current Bull Cycle will last around 520 days (Bottom made on December 15th 2018). The 49% which based on the previous two cycles has been the second phase should therefore last around 505 days, placing the Top of the current Bull Cycle in early October 2021! This means that there are around 600 days of Bull Cycle left!!
Of course there are and will be several other parameters that can influence the cycle (we saw that on the April-June 2019 parabolic explosion) but this is a good (and so far very accurate) pattern that long term Bitcoin investors can follow. It certainly answers the question "is it too late to buy?" though!
Do you agree with this estimate of have another pattern in mind? Let me know in the comments section!
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BONUS MATERIAL a shorter term perspective:
$BTC Daily UpdateCRYPTOCAP:BTC #BTC nice getting back above $66,323, currently testing resistance at $68,546 required to reattempt at $71,379. previous 4h close failed to follow up to bullish pin bar, $66,961 could be tested if followed thru on previous 4h bearish close. RSI on 1D looks good, just needs a bit of a push to breakout, so close! Watch given S/R
BTC: sell in breakeven📊Analysis by AhmadArz:
🔍Entry: 68175
🛑Stop Loss: 69985
🎯Take Profit: 66677-64509-67698
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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BTC- I'm still bullish but with some cautionIn my analysis of BITSTAMP:BTCUSD yesterday, I mentioned my expectation for a new all-time high from Bitcoin in the near future.
However, during yesterday's trading session, the price once again failed to surpass the 72k mark, raising some doubts about my outlook.
Firstly, after breaking above the 68k zone and retesting it, I anticipated a new local high. However, this didn't materialize.
Secondly, the rise from 62k wasn't as impulsive as one had wanted.
Considering these factors, while I remain bullish in the short term, I am closely monitoring the 68-70k zone.
If we break below 68k, we can expect a continuation of the downward move, possibly even testing the support zone at 62k again.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC second attempt at $71,379 followed by bullish engulfing on 4h from yesterday as expected! Hanging above $69,813 support, moving sideways with very weak volume. Put bullish engulfing on last daily close, needs volume to follow thru, Which could result in a test of $73,523 previous highest resistance - first and last tested on March 13-14. Support area $69,813-$68,546 to watch as RSI support test likely. Watch given S/R.
Bitcoin- New ATH coming soon?In my analysis of BITSTAMP:BTCUSD from March 17th, I pondered whether Bitcoin's bullish trend should cause concern for its bulls. I concluded that there was nothing to worry about and highlighted the importance of the 62k zone, suggesting that buying within that zone would be advantageous.
As anticipated, the price reversed precisely from that zone and even surpassed my initial short-term target of 70k.
As of today, the price remains above the 70k mark, and I anticipate further upward movement. My current target is in the range of 78-80k, with yesterday's low serving as support.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC On $68,548 support followed by bearish engulfing on 4h, Support held good. $69,813 testing as of now. Previous 1D closed bearish, support could be tested further, $71,379 resisted last climb. RSI is looking good on 4h, if maintained the pace it could reattempt the $72,162 resistance. Possible Bullish engulfing forming on 4h - almost 2h to close yet. $66,961 next key support from here, Watch given S/R areas.