#BTC update...#BTC update...
I expected #Bitcoin to take out SSL first, to knock out the previous high... The dominance is currently strong...
I await this situation... For now, will continue scalping until main setup is reached...
Btctusd
Bitcoin Key Levels for 2023Now we're retracing back into the large macro move down, it's worthy to know your levels - as Bitcoin rallies off it's bear market bottom can be quite savage.
Linear Scale Fibs
Log Scale Fibs
Annual Pivots
BTC potential plan in coming days BTC / USDT
BTC outperforms altcoins just like 2019, also price is forming mega-phone pattern ..This is bullish pattern but price didn’t make any close above 25k by daily or weekly
Here’s what i think is coming in next :
1- Consolidation around 25k and direct breakout to 28k-32k
2- BTC fail to hold above 25k… then we can still visit lower support before going up again
My Targets is the same 28k-32k ( monthly resistance )
if you have any questions or thoughts share with us in comment section below ⬇️
BTC Possible Scenario Hello dear traders. Hope you are having a fantastic day. I see BTC is forming an ABC correction wave before HUGE move up.
What do you think?
Please comment down below.
Btc Best For BuyBased on the price action, the best opportunity to buy has been provided, and if we expect to cross the price ceiling as in the past, my target is 100,000. The market is currently waiting for a spark to move upwards, which may take several months. The future will emerge. If you notice in the monthly chart, the number of bearish candles is much more than the bearish ones, which means that the market has been able to fall with great effort.
BTC Update ✔Hello Traders. Hope you are doing well. Last time BTC formed a QM pattern which is a reversal pattern that I published in my analyses. Now it has formed a triangle as well as you can see on the chart. On the daily you can see a huge divergence on RSI too which suggests that BTC is going into the correction. The trigger that shows us that BTC is certainly going to go down is if price breaks the triangle to the downwards.
What do you think guys?
Comment your thoughts on what is going to happen. ❤
Bitcoin Try to regain 23.7 On WeekendBitcoin legdown around 5% and bounced back from the yellow support line which it touched before ( on the first dump)
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Usually a Friday dump into weekend does not tell me a real move , meaning this could be retraced and even go higher but if it loses 22K more downside is way more possible than up side.
The liquidation around 24K is now 5M and high leverage is around 2M around 22.8
Detailed explanation on video
Also if you want to talk about trades leave a comment
Thanks for watching
Bitcoin signal with high leverage. btcusdt Long position 20XA very low risk long position on BTCUSDT. By implying 20X lev, the SL will be about 8%. so use proper margin and manage your risk.
BTC QM SetupHello Traders. Hope you are having a great weekend. As you can see BTC has formed a QM pattern on an important resistance which is 25K. A correction is
expected for BTC at least to 22-23K. The pattern gets invalidated if 2H candle closes above the last high about 25.3K.
What is your idea?
Comment down Pls.
BITCOIN: TESTING THE RESISTANCE LINE.BTC update:
BTC bounced back from the $21.3k support level and currently, it is testing the resistance level of $22.3k to $22.7k. To make a successful rally toward $25k, BTC must break above this resistance, If not then we have the $21.3k as a support level. Entering any trade might be a little tricky so, I am gonna wait for the daily close for today.
Let me know what you guys have to say about the BTC and the market.
Thank you for reading.
Bitcoin Daily UPDATEDespite the DXY strength being shown, BTC PA is holding up very well which is SO VERY Bullish....
Even more so when you lok at this chart. PA has come back down to the neckline of the "FTX Recovery" move, to test it as support.
More than that, it has the 50 & 200 MA's to back it up
Also the Daily MACD is nearing the neutral zone to possibly begin turning.
For me, the ideal situation this week is likely to Range though a further drop is also very possible.
Watch DXY - Thats the trigger
p.s. Nice to see others beginning to use my ideas here....
BTC Wave Analysis + Trade SetupI think that wave A of (A B C) is complete and we are currently in wave B.
Warning: Wave B itself consists of 3 waves, the third wave being the longest wave.
After reaching the specified target, I strongly warn the owners of altcoins that the risk of most altcoins becoming zero is very high. (No matter how valuable gold is, if it is bought at a bad time and at a bad price, it is no different from a piece of garbage.)
Be successful and profitable
BITCOIN: IN BETWEEN THE SUPPORT AND RESISTANCE.Hello traders,
Dexter here with another update on BTC. This time we will analyze the chart in 3 days timeframe.
BTC broke out above the resistance trendline 18 days ago and since then it is swinging in between the support and resistance of $21.5k & $25k. The breakout does look bullish but until and unless BTC breaks above the $25k resistance, we cannot confirm anything yet. In a longer timeframe, I am keeping my support and resistance tight and will keep my long-term position open.
Please keep in mind that this BTC update is not meant for scalping or short-term trading. This analysis is purely meant for spot and long-term holdings. If you scalp trade with 10x or 20x leverage based on this analysis then a drop toward $21.5k will take the soul out of your body. So, don't do that. I have already posted a BTC update in a shorter timeframe so please refer to that before taking any scalp trade on BTC.
CHANGED MY PLAN - IM NOW LONG I changed the plan of my last trade (look at my last post) because of the 3 suspiscious wicks on the daily chart, because of the trend in the recent day (15m chart) many traders are trapped there and cant get out of there position i think the target of capitulation isnt reached yet, i am seeing that capitulation is about those highs. thanks.
This is BTC - A Game of PatternsThis is a pattern showing a scenario featuring exponential growth.
If BTC remains what it was in the past, this is just possible. 25k next month doesn't mean it can't 10x within the next 6 months.
This is not financial advise, neither a prediction. This is a game of patterns.
What will happen?
If BTC's fundamentals change, if it gets flipped by other assets, that can invalidate many older frameworks we use, which means you can start preparing for a more even world of crypto.
However if institutions and smart money will embrace BTC, then the price levels stated above are not unrealistic at all.
Choose your strategy.
Elliot Waves Complete Guide | Chapter 3.3 - "Running, Contract"Hello Traders. Welcome to Chapter 3.3, where we talk further about a different form of corrective waves, the Flat and Expanded correction. In chapter 3.3 I discuss the last of the types of flat corrections! Here, we will also dissect the contracting triangle, also known as the symmetrical triangle by many traders.
Chapter 3 Glossary:
3.1 Zig-Zag Waves
3.2 Flat Correction , Expanded Flat
3.3 Running Flat, Contracting Triangle
3.4 Barrier Triangle, Expanded Triangle
3.5 Double-Three
3.6 Triple-Three
-----
Running Flat
The is the last type flat correction: the running flat variation. It is the least common one, but has the same 3-3-5 structure. This one is hard to spot because a rising wedge is usually considered bearish for many and the last wave is where you will find the confirmation. For these, you want to trade the breakout.
Rules:
• Wave B ends above the beginning of wave A
• Wave C ends higher than the end of wave A
• Usually wave C is the same length as wave A.
→ This kind of correction happen in really strong and fast markets, especially Bitcoin. The fast and high push of wave B and the short wave C are signs of a strong primary trend.
A parallel channel regularly marks the low of
wave C, marked by the yellow lines!
Contracting Triangle
Triangles represent a balance and even pressure of buyers and sellers within the market. They contain five overlapping waves with a 3-3-3-3-3 structure. The contracting triangle represents the most frequently appearing.
Rules:
• Triangles have 5 Waves: A-B-C-D-E
• All of the waves are corrective
• Upper line is declining, lower line is rising
• Wave E frequently overshoots the trendline and can also be a triangle
• Triangles only occur as a Wave 4/B/X/Y
• Never as a Wave 2/A
❗Triangles represent a continuation pattern for the dominant trend. Remember, continuation patterns are the main trend!
Corona Crash FractalThis recovery is similar to that seen after the corona black swan crash in may. If we can keep the MACD histogram in green we could continue a bullish reversal here. I am not a financial advisor, trade at your own risk. Please leave a like =)
Levels you need to watch on BitcoinWith the S&P now potentially rolling over, that represents a risk-off environment for the time being. At the same time, Bitcoin is now at resistance on a long term basis (pay attention to the arrows). For long term investors, getting long in the blue circle is the entry range to keep an eye on. The most ideal scenario bulls could see is price being rejected here and consolidating for about 3-6 months around the blue zone. That would provide the energy needed for a strong run to the upside.
I am paying close attention to this relationship below. While I'm treating Bitcoin independently, I still want to have my eye on how price reacts to overall market conditions.
BTC (Y20.P1.E10.v2).What's NextHi, continuing on from the previous post, I'm looking for some confluence to go long with the identified\ outlined key support, resistance and trend lines.
I thought I use the Harmonics toolset to explore (Gartley, Crab, Bat, Butterfly and Shark) for a scenario with what we have been given on the charts.
Obviously some assumption are made here, eg. we have hit the top in this run and now we are looking for a good area to bounce and also consolidate for the short and to go long.
I also find this helpful to back up my lines.
Using the BAT bullish model, I have come up with this scenario. Give or take a few candlestick wicks we might fit one of the harmonics into the lines I had in the previous post.
I didn't envision in the previous post how we could touch the bottom trend line without going bearish, so this explains it well I think.
Anyway, I thought I put it out there as it helped me, and it might help you.
In 2012, 2017 and now, the bottom has always been found around Dec - Jan, so it give me no surprise after doing this chart that I also can potentially get the time scales right.
On this chart I have the next bottom by the end of this month (Jan. or early Feb)
Thanks.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
BTC UP or DOWN ? short term possible Scenario Analysisshort term possible price movement Scenario Analysis
BITCOIN LOOKING FOR NEW LOCAL LOWSHello friends! Well Bitcoin is having a tough time staying alive, giving just enough boosts for small hopium addicts to stay in this sustained downtrend while big bags make sneaky exits. Looks like bitcoin bulls missed their chance for any REAL upward movement, as demonstrated by my green arrow. Now facing CRUSHING resistance in the 8k - 8.3k region , but almost equally strong support in the 7.8 - 7.9 region. It’s my prediction that these levels could break to the downside, maybe even significantly so, before we see interest from buyers again. Please leave a like if you agree or found this helpful. Always use proper risk management. And good luck!
Right now we are sitting at support about 7930. I will wait until the top of this bounce (to the best I can) before I place my short. It’s normally a bad idea to short support. Happy trading!
Please join me on my free discord for round table discussion and to follow my daily calls
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Disclaimer: I am not a financial advisor and this is not financial advice. For entertainment purposes only.
