$BTC - New ATH in 2024 - PARABOLIC MOVE$47k in June then retest $35k in Nov and then New ATH in 2024!
This is another possibility but not convinced due to oversold indicators!
The one which is convincing linked in Related Ideas
However, New ATH in 2024 is confirmed. Load up our favorite bags & BANG the BULL RUN
Btcudst
Bitcoin Bulls are running out of fuelBTC/3H we finished the previous triangle, did swept the high touching (25.2) then we swept the lows 23.8 then we came back to the bottom of the previous range.
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Bulls are slowly losing their power but if we manage to touch 25.2 two more times we could break up on the 4th touch
we could also form another high at 25002 and then go lower.
Liquidity wise there are some high leverage liquidity ~24691 to grab or we could make another high then go down -details explanation in the video
Thanks for watching
#BTC is getting ready for the Big move!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is forming this big falling wedge pattern
what is a falling wedge pattern?
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. Generally, a falling wedge pattern is considered a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
A weekly candle close above 25k could suggest that the market is expecting a bullish trend.
So let's see how the weekly candle closes
* RSI is also sowing some bullish divergences move
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Long Term Bitcoin chart WeeklyPA for Bitcoin has been a breath of fresh air after near on 14 months of downtrend and now, as we come towards the 1.618 Fib line at $28K, we may need a reality check
While the Weekly MACD is still Bullish and below 0, the lower time frames do need to chill out so as to keep some ability to push higher at a later date
The 1.618 line will be a hurdle and the obvious challenge is to get above it and use it as support while PA catches it breath
This would then allow ALT coins to push higher also, as so far, the ALTS have outperformed Bitcoin in % Gains since Jan 2023
But Rejection for PA is still a VERY Real possibility and the FED has already said that higher Rate rises are likely. and so, PA may come back down to test the line of resistance it just passed through, to test it as support before moving on.
The next 4 weeks for Bitcoin are Critical and Nothing is certain.
Traditional Finance is NOT happy with Crypto taking its money and it Will use its Army, like the FED and SEC to try and destabilise Crypto
THIS is the real war right now...
BTC: TESTING THE ACTUAL RESISTANCE.Hello traders, here's a quick update on BTC in 6 hours timeframe.
BTC has just rallied $24.9k and in my previous post I mentioned that 'To make a successful rally toward $25k, BTC must break above the $22.3k to $22.7k resistance'. It did break above it and currently, the price is trending at $24.6k. This is crazy but I am gonna be cautious here because $25k was the old resistance and I have mentioned several times that $25k is an important resistance for BTC.
From this point, either we will see a new rally on BTC or a dump in the market for one last time. The RSI is in the overbought area so let us be careful.
What's next on BTC? To know more, follow my channel and stay updated.
Thank you for reading. Trade safely.
#Bitcoin - thoughts out loud #3Good afternoon, dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
In my opinion, the distribution phase is coming to an end and we should expect liquidity to be withdrawn in the range of 22022 - 22292. How the price will behave in the future will be seen by the situation, perhaps professional operators will realize the orders they have in their hands due to a false breakout of the 22022-22292 range and we will see further growth in the instrument. Otherwise, we will go even lower.
In general, it is best to focus on liquidity withdrawal, after which it will be clear what the instrument will show, strength or weakness. Strength is needed to continue moving upward, weakness is needed to fall. What do you think about this?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
Bitcoin Weekly long term chartOver the last few weeks, PA has managed to climb above the descending line of resistance off the ATH ( Dotted line) and is now sliding down it as support while PA cools off a little.
Ultimatly though, PA is still in the larger ascending channel witht he upper trendline around the £35K mark currently and I think this is the target over the next few months
MACD is still Bullish But Daily is still Bearish and approaching 0 so may begin turning soon
BUT DXY is also looking Bullish right now and that could slowdown BTC PA rise and certainly hurt ALTS
This week is an important week. The War between TradFi and Crypto is heating up and fundimentals will begin being used again soon I expect
bitcoin Big RED candle comin soonAfter bitcoin exited the rising broadening wedge we bounced from top of the left shoulder(light yellow line)
and is doing a rising wedge right now which might endup in the right shoulder if we wick up then leg down another 8 to 13 percent.
In the video I also mentioned liquidition clusters and where people get liquidated THE MOST.also high leverage positions been shown.
we also might consolidate today wating for CPI numbers to comeout before another major move.
BTC: STILL HOLDING THE SUPPORT.Hello traders, BTC took a downturn, pulling the price to $22.3k. This drop made the altcoins bleed and to be honest, many traders' SLs got hit including mine and many traders booked huge losses. If you remember then in my previous BTC update 'BITCOIN: $22500 EXPECTED IN LOWER TIMEFRAME', I mentioned that BTC is likely to drop close to $22.5k and then if it manages to hold this level then bounce back can be expected.
Sticking to my words, I have entered a long scalp trade on BTC at $22557 with SL at $22100. Also, if BTC fails to hold this support level, we can expect $21.4k as well. DYOR before investing.
More updates coming in shortly.
Trade safely.
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
BTC - Look out belowTaking a little longer than expected with the way it made such a volatile move up, but I stick to the plan. 24k and above was solid resistance, and it tested that area several times, without breaking and holding.
Now, we're trading below the monthly, the weekly, and the daily (so far). The true trend confirmation though would be it breaking the 22.2k-22.3k area and closing a 4 HR candle (my preferred time frame) below the demand zone.
God Speed!
Daily review of BTC interval 4HHello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 23,361 to $ 22,779, but when we fall below this zone, we can see a drop to around $ 21,883 and even $ 20,406.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $23,769 to $24,209, when we manage to break it, we have a second zone from $24,445 to $24,744. Once these two zones are broken, we will move towards resistance at $25,121 and then $26,221.
Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, which may give room for new increases.
Bitcoin is about to crash!Hello, my friends!
The largest Bitcoin bear is here. Today I found the Elliott wave formation which gave me the high confidence that BTC will dump hardly next couple on days.
Let’s take a look at the 1h time frame of the WHITEBIT:BTCUSDT chart. Here I am going to show you the local sub wave 3. It consists of the 5 waves. Wave 2 was represented as the triangle correction – rare situation, but it has happened. Wave 4 was the ordinary zigzag which has been ended at 0.5 Fibonacci and now the price finished the wave 5 inside wave 3.
The overall pump as I suppose is not over, but it’s almost done. I think we will not earn a lot of money opening long trades. Wave 4 of higher degree have the target area next to the wave 4 end of the lower degree. Let’s notice that it perfectly coincides with the 0.38-0.5 Fibonacci retracement of the entire wave 3. It gave me high confidence that my interpretation of the market’s underlying structure is correct. Anyway I am holding my short from $17080 , now I am in small loss and is going to wait for at least $15600 to partially take profit.
Best regards, Ivan
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Insane short on Bitcoin this New Year!Hello, everyone!
It’s time to refresh the Bitcoin analysis. BTC stacked it the annoying flat. This is the corrective wave and I think it’s has not been finished yet.
Let’s take a look at the 4h time frame BTCUSDT chart of the WhiteBit exchange. The first downward impulse consists of clear 5 wave cycle. Now there is a corrective wave 2 which is going to be represented as a zigzag ABC. I consider that wave C has been already started and we are going to see the 5 waves cycle inside this wave.
Here we have 2 targets. The conservative one is $17200 . The imbalance candle was formed in the impulsive downward wave and usually such imbalances should be filled at least for 50%. The optimistic target is $17500 because the Fibonacci retracement 0.61 level is here. Also this target coincides with the start of the imbalance. I am holding ADA for the potential bounce, but wanna warn you that I am not good in corrections defining. If you are not sure it’s better to skip trades in corrective wave and wait for the insane short.
I am going to count waves inside wave C and open short the the reversal bar in wave 5. Let’s see what will happen.
Best regards, Ivan!
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BTCUSDT: Elliot Wave 14000$Hello to all friends. Congratulations to all!! Bitcoin is at the end of its downward path, and according to the chart, its last stop is $14,000, and after that we will have a very sharp growth up to about $31,170, and I hope you can double use it according to the strategy you have. There are few sellers in the market, 2023 is a good start for Bitcoin.