Bitcoin BTC Price correction, confirming support. Wedgeimgur.com
Pretty sure this graph shows the wedge pattern pretty clearly. It will come back down to test support, before a massive rally. likely to 85-95k before Mid December.
December will be the peak before massive correction.
- All this is predicated on no Black Swan event. (nuclear or ET global events)
Btcusdanalysis
Bitcoin analysis today The possibility of correction How to enteBitcoin finally managed to reach the important and psychological price of 65,000.
Upon reaching this range, it is natural for some people to save and profit, and it is natural for loss limits to be activated in this range.
Therefore, we can have the possibility of correction from this support range, especially with negative divergence.
In this analysis, as shown in the chart, the support ranges were determined and its possible movement was also investigated.
BULLISH September !!Hello guys, after 2 months of agressive downtrend we are seeing some bullish signs. In previous TA IDEA I was looking for claiming 54200(BTC broke even this lvl ). Because of high volatility it was impossible to catch the lows. But last 7 days we are seeing successful retesting and holding supports. Next lvl to watch is between 0.618 and 0.786 ( 60k TO 62,5k). I really like to watch at liquidation heat map and there is accumulating a lot of shorts between 59k -67,5k. I believe these levels will be claimed in next couple of weeks ( months)!!Good luck !! Keep it green!!
$BTC update, raising channel up to 65k?CRYPTOCAP:BTC has reversed after dropping to GETTEX:52K (falling channel in orange) and is now recovering on the 1D chart. On the 1W chart, there is also a sign of reversal and RSI too.
My forecast is that before taking off, CRYPTOCAP:BTC will strengthen within this rising channel (in blue). There's strong support at $47- GETTEX:48K , which should hold.
Based on the RSI and MACD curves, the uptrend should continue until it reaches the resistance at $67-$68k. Afterward, I anticipate a more severe correction, but the price should remain within the rising channel for some time.
The parabolic phase hasn't started yet, so I expect another drop to the bottom of the wedge before the next big move begins.
I will update this idea as it develops.
Most of my previous ideas have been accurate, so feel free to check them out and follow me for more forecasts.
Bitcoin Approaching Critical Resistance: Will It Break 66,200?We're now using the 4-hour chart. Bitcoin had a strong rally yesterday, approaching resistance at 66,100. It almost reached that level before pulling back slightly, falling just short. For Bitcoin to show bullish momentum, it must break through this resistance. My 50 EMA is still green, indicating that Bitcoin remains bullish. Once it turns white, it signals a downward move. As for the MACD, it recently touched 300, which suggests Bitcoin could decline in the next few days. However, the chart still indicates that Bitcoin may have another leg up. I believe $66,200ish could be the final push for Bitcoin, but if it breaks through that resistance, we could see it move even higher. Stay tuned for updates! If you enjoy this content, please hit the like button.
Wyckoff accumulation Schematic 2 setting up in the market:My thoughts on the crypto market looking at the HTF to the LTF setups playing out in these lows in altcoins.
Im thinking we capitulated into HTF key demand levels and SSL in August for the august monthly candle leaving a large downside range in most pairs creating the sellers climax (SC) event with huge volume nodes and wicks, starting the initial phase of the accumulation process in this local range and stopping the previous trend.
We have then ranged further and reaccumulate in the August candle in key levels creating the AR, ST and UA events in the range. Then as we moved into the September monthly candle where we failed to run the august lows with the ST event in phase b, as seller volume droped off as price tests the range lows indicating a lack of sellers after the SC event, giving us a possible wyckoff accumulation model 2 taking place as shown in the schematic below.
In turn leaving SSL intact on the august lows below $49,500 which we may not run, whilst people expect another sweep lower to take the LTF range lows, not realising its a potential accumulation range setting up in a larger overall range from the capitulation, without the need for an external LQ sweep to the lows again.
Im seeing a lot of coins following last points of support in accumulation structures on the LTF in key levels, flipping LTF bullish on the daily and now pushing higher.
Im thinking we see a possible expansion set up for October Q4 out of the lows in line with LTF bullish structure, going from LTF bullish accumulation following last points of support (LPS) into new HTF bullish structure as we come into Q4.
Thats kinda how im seeing the market set up right now and im leaning towards not seeing a further crash lower into new lows and the prior August lows for the most part just yet and more so towards this being an accumulation range with a pullback to LPS before a new bullish move higher into ATHs
#BTCUSD 1HBTCUSD (Bitcoin / US Dollar)
Timeframe: 1-Hour (1H)
Pattern: Channel
A horizontal channel pattern has been identified on the 1-hour chart of BTCUSD. This pattern is defined by two parallel trendlines, with the price bouncing between the upper resistance and lower support levels. The channel suggests that Bitcoin is trading within a range, with neither buyers nor sellers gaining full control, leading to stable price movement within the channel.
Forecast: Buy Within the Channel
The current forecast suggests a buying opportunity within the channel, particularly as the price approaches the lower boundary (support). Traders can look to enter long positions near the support level, aiming for the upper boundary (resistance) as a target. The pattern indicates potential profits through buying low and selling high while the price remains contained within the channel.
Technical Outlook:
Support Level: The lower boundary of the channel, where buyers are expected to step in and push prices higher.
Resistance Level: The upper boundary of the channel, which may serve as a target for bullish positions.
Key Levels to Watch: Look for bounces off the support line to confirm bullish entries, with resistance levels as the target.
Traders should be cautious of a potential breakout from the channel, which could shift market direction. Confirmation through bullish candlestick patterns or an increase in buying volume near the support zone would be ideal for entry.
As always, be mindful of Bitcoin-related news or regulatory changes that could cause sharp price movements and influence the validity of this channel trading strategy.
BTC Daily Idea - Land and Sea IndicatorThursday 26th September 2024
BTC Daily Land and Sea
BTC has completed at TD 7 count flipped to a red 1 then to a new TD Green 1.
The bottom of the L&S bands has crossed above the MA's, which indicates downside is coming. But since it has flipped green and it might be a shallow dip to the MA's at ~$61k USd before another bounce up to test FWB:65K to FWB:67K before we get a L&S correction where the bottom band crosses below the MA's and the BTC price follows down to TD support at ~$56k USD.
Fib entry points indicate
$58,355
$56,308
$53,377
I do not see it going any lower than this, unless there is shock reactions to announcements in the lead up to the US selection or further conflict escalations in the middle east conflicts with IxxxHell instigating and agitating its neighbours and humans within its borders.
Also note Blackrock analyst announced that he see's BTC as a "risk-off asset"? Therefore a safehaven asset!
Sail the high seas and stay vigilante Crypto Pirates.
Peace in the Middle East.
f.society, f.police, f.govt, f.politicians.
Bitcoin analysis today Today's important news Is Bitcoin pumped?In today's analysis of Bitcoin, we mentioned the most important resistance from the successive attacks of this digital currency.
Even though Bitcoin reached its most important resistance, we did not see much retreat from this currency, and this can be a sign of hope to break this important resistance.
The support ranges of Bitcoin are the prices of 62,000 and 60,000, respectively, which support this currency.
BITCOIN Preparing for a Major Move – Key Levels to WatchBitcoin is approaching a critical juncture with potential for a significant breakout or a sharp rejection. Key levels to monitor are the FWB:67K - $68K zone. Here's the game plan:
If Bitcoin breaks through the FWB:67K - $68K resistance, we could be looking at a continuation towards a new all-time high.
If Bitcoin faces strong rejection at this level, it could trigger a major downside move. A breakdown could lead us to $44K - FWB:42K in the coming days or weeks.
Stay vigilant and ready to capitalize on either scenario. Be sure to manage risk and avoid missing out on these potential moves!
Follow me for more premium ideas.
Review $BTCAfter the rate cut, SPX hit new highs and CRYPTOCAP:BTC returned to $60k. The previous higher low of $53,300 was successfully tested and we are almost ready for a bull market!
However, there is still no higher high, and the bears are fiercely defending $65,000! The closing of the week also did not show significant strength.
CRYPTOCAP:BTC bulls are not ready yet and local consolidation is needed. I expect a correction in the zone of $ 58-60k.
Could Bitcoin Remain Under $65K by the End of September?BTC technical analysis update
BTC is facing strong resistance at FWB:65K , with the price being rejected multiple times at this level. We can expect a small correction or a sideways move below FWB:65K resistance before a potential breakout. Bitcoin may move sideways or bearish before October begins, but a strong bullish rally is expected in October, as the month has historically been positive for Bitcoin.
Bitcoin (BTC) Technical Analysis and Trade Idea👀 👉 Bitcoin has been range-bound for a while, recently reaching a key resistance level. The bullish momentum appears to be weakening. In this video, we dive into the trend, price action, and market structure, exploring various possibilities for a potential trade setup.
Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered financial advice. 📊✅