BTC/USDT - Take a breath, correct to $37.500 and continue !?We are looking at the allmighty king.
- Pretty strong runup
- RSI overbought
- Hanging man Candle on the 8D (!)
- Support as resistance on $ 37.500
Permabears will shout $ 31.000 and Permabulls will aim for $ 48.000.
Me? Eh, not very sure to be honest. But looking at the chart right now, I would be careful.
I would not enter a BTC position here. Too risky.
Hanging man printed. I hope I am wrong, but I expect a "take breath" moment for BTC.
Hopefully BTC.D will drop harder, giving some room for alts to pump and increase the alt coin dominance.
Btcusdsignal
BTCUSD Possible further upside!The electronics market is persistently declining, currently at approximately $34,400. Based on the 3-hour chart analysis, the trend line is seen as a strong support level that could drive prices upward in the near future. The immediate hurdle lies at $35,382, and surpassing this resistance is anticipated to bolster Bitcoin (BTC) for further valuation increases.
What are your opinions regarding this analysis? Do you concur?
BTCUSD 30/10 Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Long Time Frame. Completed " ABCD " Corrective Waves. It will Reject from the Lower Trend Line of the Corrective Pattern " Symmetrical Triangle " in Short Time Frame or from LTL of Consolidation
Entry Precaution :
Wait until it gives Strong Bullish Price Action Rejection
Macro BTC pattern shows path to 42-44K then 32KThe chart is self-explanatory. All I have done is taken the Bar Patterns at the 15K lows and matched them with the lows at 25K, there are astonishing similarities. Go ahead and have a look at all the similarities I have highlighted.
This pattern suggests, we should soon have a pump to 39K region, then a dump to 34K region followed by a pump to 42 to 44K region and then a large dump to 32K region.
The dump to 32K would be akin to dump at 19.5K from 25K and then 32K region could act a strong S/R flip to push the btc price to new highs.
It's possible that this may not repeat exactly like before, but when there are so many similarities, we should pay attention.
This is not at all surprising to me, Infact I have been targeting 40K from past 8 to 9 months while most traders were bearish and calling for severe downside.
I also call the 15K bottom Macro bottom when others were expecting more downside.
I am again saying 25K is a major bottom in the BTC cycle.
I have added links to those posts where you can find details about the above claims.
Note: Even though patterns tend to repeat on macro timeframes, there is no guarantee that they will, all these similarities can go out the window. I personally will start taking this pattern seriously if we Pump to 39K region withing next 5 to 7 days, which is what we can see from the BAR feed copied from 15K region.
Bitcoin 25/10 MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves. If it Rejects from the Upper Trend Line of the Corrective Pattern " Rising Wedge " in Long Time Frame then It will Completed the Retracement for the Break of Structure and " A " Corrective Wave
Entry Precaution :
Wait for the Proper Trend Reversal / Rejected Price Actions
BTCUSD 13/10 MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bearish Channel in Long Time Frame and Rejection from the Lower Trend Line and making Consolidation Phase in Short Time Frame if it Breaks Upper Trend Line then it can Reach its Previous Support or Upper Trend Line of Channel
Entry Precautions :
Wait until it Breaks UTL or LTL
Bitcoin's Climb to $250K: Fib Clusters and Halving MathematicsThis investment strategy spotlights an ambitious yet plausible pathway for Bitcoin to reach $250K - a staggering 733% rise from its current standing at $30K . The core elements are Fibonacci clustering and halving mathematics . By taking a grounded, data-driven approach, we aim to obtain comprehensive insights into Bitcoin's potential for substantial growth.
The space between all boxes is (0.618) percent.
Bitcoin Next Week Possible MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " ABC " Correction
Impulse Correction Impulse
Symmetrical Triangle
SMC - CHOCH
Break of Structure
Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Impulsive " wxyx " Wave will Completed its " z " at Daily S / R Level
BTC keeps making moneyBTC: The daily line has been negative for three consecutive days. Today, the current trend is also falling, approaching the support level of 27000. The lower rail of the Bollinger Bands is running around 27100. The K line has continuously closed negatively and is approaching the lower rail. It is more likely to bottom out. MACD is heavy On the downside, the KDJ third line opens downward. The current trend is still negative, and the trend has not changed. The key depends on whether the lower support level can withstand it, and the bulls will usher in a counterattack opportunity.
From the one-hour line, there was a bottom divergence in the early morning of last night. At present, the MACD is increasing in volume, and the KDJ is opening upwards, but the strength of the bulls is still insufficient, and the RSI is shrinking downwards.
Operation suggestion:
The top 28000 is not broken, empty, break the position to see 28500, take profit 300-500 points, stop loss 300 points.
If the 27450-27200 below is not broken, go long, and if the strong breaks, you can take advantage of the trend and go short, with a stop profit of 300-500 points and a stop loss of 300 points.
ETH: Ether failed to hit 1880 yesterday. The currency price fluctuated back and forth between 1880-1830, but the downward trend was obvious. The Bollinger Bands shrunk down obviously.
Let's look at the short-term for another hour. MACD goes up in heavy volume, KDJ three-line diverges upward, RSI turns downward, and the strength of the bulls is weak, and there is not much rebound strength. Only when the lower support point is not broken can we go long.
Operation suggestion:
1880 above is not broken, empty, take profit 30-50 points, stop loss 30 points
1830-1800 below is not broken, long, strong break and take advantage of the trend, take profit 30-50 points. Stop loss 30 points
The above contents are personal opinions and are for reference only. The market fluctuates greatly, and the article has a lag.
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Bitcoin BTC Next MovePair : Bitcoin BTC
Description :
Consolidation Phase in LTF if Breaks the Upper Trend Line then BUY and If Reject then SELL
Divergence
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
Break of Structure
Falling Wedge as an Corrective Pattern in Short Time Frame as an Correction in Short Time Frame with the Breakout of the UTL