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Btcusdtidea

BTCUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Im waiting for decreasing in 21-19k zone, then trend reversal. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
BITSTAMP:BTCUSDShort
by trytofeelpositive
3
BTC Butterfly Pattern (entry 29100)4h time frame - Bitcoin is approaching the falling trendline which Ethereum already broke out, so we can predict Bitcoin tend to go upside in near future. Also, Bitcoin is creating a potential bearish harmonic pattern_butterfly, which utilize 1.272 Fibonacci Projection to estimate PRZ at 28900~29100. Further, combining our previous analysis of potential Head and Shoulders structure, the top of right shoulder might appear at the range 29150~29500. Therefore, once Bitcoin maintain this pumping momentum and go into this zone, we can observe whether reversal PA appear, then it could be the best short entry before this bear bottom.
by EthanTW
1
BTC 2 scenarios about short & long2h time frame - (1)Head and Shoulders On the left chart, Bitcoin made a potential HS as our previous analysis. Currently Bitcoin broke the neckline at 26378 and is going to retest it, if get rejection at 26378 again and broke below 25990, Bitcoin will finish the retest of HS structure, and target is 25270. (2) Falling wedge On the right chart, Bitcoin is creating a potential wedge, which could be regarded as the continuation structure of the pump wave(24853~27485). Bitcoin might make a lower low at 25800 to reach the wedge bottom again, where is also the Fibonacci retracement 0.382. Therefore, we can keep an eye on that range to open long, if Bitcoin get rid of this falling wedge, target is 27484~27827 first.
by EthanTW
BTC create small Head and Shoulders 2h time frame - There are two resistance zones Bitcoin reached recently. 1st at 26650~26850, 2nd at 27450~27800. Standard strong pump should turn the 1st zone into support after breaking up. However, we can see Bitcoin just went down through 26650~26850. This trend implies weak sign on market. Therefore, if Bitcoin takes more time to create a consolidation structure between 26350~26930, a Head and Shoulders will be following. TP: 25824~25694 / 25271
by EthanTW
BTC potential reversal zone 29.5k12h time frame - According to previous analysis, Bitcoin made a false breakout(or stop hunting) again. This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024. If we take a step back, there is a potential harmonic pattern(shark structure), its D point(PRZ) is aligned with Fibonacci retracement 0.382(as we analyzed before). Therefore, if Bitcoin can maintain this pump, it might reach the end at around 29500. Entry: 29500 TP: 18000~20000 SL: 30500
by EthanTW
Bitcoin this bear bottom 15k~18k12h time frame - Creating a completed top structure like HS can provide more momentum to future dump. Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS. Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future. Also, in order to liquidate as much long positions as possible before 2024 halving, the neckline at 25200 need to be broken, then a huge dump following based on HS structure, its final target 18500~15800, which is also the great and sweet range to buy Bitcoin!
Short
by EthanTW
4
BTCUSDT, Long from a crucial supporttBTCUSDT has been a bearish trend since it rose to $28,143 on 29th August 2023. The bears have been able to bring down the price to equal lows since 22nd August at $25,331. Price is currently reacting on a month support ($25,836) and a break below this level could further plunge the price to $21.410.6 What do I expect? The current price is exactly reacting at the base of the trendline support of the ascending channel since 19th January 2023 and the bears are losing momentum at this level which is the reason why the bulls will overtake the bears to drive up the price to $26,606 and further to $27,601 in the coming days.
Long
by AbeikuGlobal_FX
3
🔻 BTCUSDT 🔻 SHORT - Local on 01/09BTC 1-hour Chart - BINANCE:BTCUSDT COINBASE:BTCUSDT BINANCE:BTCUSDT.P KRAKEN:BTCUSDT The global targets I previously mentioned are currently being confirmed, and BTC has executed a bearish manipulation towards the 27500 targets. Locally, after an impulsive downward movement, liquidity was removed, and we observed a rebound. Subsequently, the market entered a small range. I anticipate the removal of liquidity on both sides of the range, rebalancing, and further downward movement towards the primary targets. I've identified local targets that could lead to corrective movement. P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights. Subscribe ↗️ to stay updated on new ideas.
Short
by SHIFU_
BTCUSDT likely to head towards daily support around 26266-26500The price did not hold the previous daily support and broke down from there. It did not claim that support quickly and went further in the downward direction. This suggests that the price wants to visit at the next daily support which is marked as DS1 on the chart. This support is sitting around 26266-26500. I believe the price has a better chance to bounce from there now. In case for a long, I think we should have patience for the price to reach there. Meanwhile short trades can be taken on bounces on lower time frame.
Short
by angela_altair