BTCUSDT. Here's where we we're headed tooIf the market momemtum/sentiments and fluctuating prices of the crypto market is confusing you, technicals analysis is your best friend.
1) Monthly: No explanation needed. We're on a clear path to 60,653, after a couple of retest on the month + week support/resist zone.
2) Weekly: Similar story on the monthly, with 2 minor resistance levels to clear. Scalpers zone right now, milking short term volatile gains.
Good time to enter and hold TBH. #NFA #MyOwnOpinion
3) Day: Talking the month and weekl resistance zone, I forecasted an ascending triangle pattern for bullish momentum to continue, after completing its sideways trend
*The longer the consolidation, the stronger the pump.
My personal entries.
- Entered long on 41,363, when resist turned supoort.
- Buy limit on 46,700 (expecting retracements from 50,000 level
Btcusdtlong
BTC/USD Bullish movementHello Crypto Enthusiasts,
🚀 Exciting news! Master Chef is back in the kitchen, ready to serve up some piping hot hypotheses on crypto tokens, including potential meme tokens for us all to feast our eyes on! 🍲 Today, let's delve into why BTC is set to soar to new heights.
1.) 📈 EMA Health Check: The 4-hour time frame EMAs are looking fit and fabulous. Could this be the start of a glorious trend continuation? Let's explore!
2.) 🚀 Bullish Pennant Unveiled: Post-recent pump analysis reveals a promising bullish pennant formation. Buckle up for potential upward swings!
3.) 🌕 Bullish Moon Vibes: Riding the wave of a bullish moon cycle. The stars (and the moon) are aligning for a probable continuation of the upward trend.
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"Bitcoin's Bullish Momentum: Cloud Surge, Triangle Breakout"Bitcoin (BTC) has recently experienced a significant surge in price, characterized by a notable increase in trading volume, particularly evident in the Ichimoku cloud. This surge coincides with a breakout from a symmetrical triangle pattern, a technical analysis formation often regarded as a precursor to substantial price movements.
The Ichimoku cloud, a popular indicator in technical analysis, is comprised of various components, including the Senkou Span A and Senkou Span B, which form a cloud-like area on the price chart. The fact that BTC's price movement aligns with an expansion in the Ichimoku cloud suggests increased market activity and potential for sustained momentum.
The breakout from the symmetrical triangle pattern adds another layer of significance to this price action. Symmetrical triangles are typically considered consolidation patterns, with a breakout indicating a potential shift in market sentiment. In this case, the breakout is bullish, suggesting a favorable outlook for Bitcoin's price.
Momentum indicators further support the notion of a continued bullish rally. Traders often use indicators like the Moving Average Convergence Divergence (MACD) or the Relative Strength Index (RSI) to gauge the strength of a trend. If these indicators show positive momentum, it reinforces the likelihood of the trend's continuation.
Additionally, the concept of a successful retest of the triangle is crucial in technical analysis. After a breakout, prices often retest the broken level to confirm its newfound support or resistance. A successful retest of the symmetrical triangle in this context could provide traders with additional confidence in the sustainability of the upward trend.
In summary, the combination of a volume-driven pump from the Ichimoku cloud, a breakout from the symmetrical triangle pattern, and positive momentum indicators collectively suggest a bullish outlook for Bitcoin. Traders and investors may closely monitor the market for potential opportunities, especially if a successful retest of the triangle occurs, further solidifying the upward trend.
BTC Update - 06.01.2024 / 4 setups in one timeI don't see situations in the market at the moment, but the picture on bitcoin is very interesting, I see several situations for entry on it.
1 hour chart: almost filled the 4 hour imbalance and accumulated liquidity on both sides, from which I would watch the reaction.
Long POI:
- Compression (41920): in the moment would watch the performance of the off on the ltf and decide to enter.
- Key low (40333): here I would also wait for the Long order flop on ltf to nucleate and then take a position.
Short POI:
- Equal highs + FF (44840.8): everything is the same only shorted.
- Key High (45950): I would be careful with this zone of interest, I would take a position only if the structure breaks at 30m and above.
Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
BTCUSD: US dollar strengthens as US bond yields rise pending relInvestors are bracing for a busy week ahead of key economic data, including European inflation data and U.S. employment and non-farm payrolls. These numbers will go a long way in shaping the Federal Reserve and European Central Bank's expectations for monetary policy decisions.
Details of the Fed's discussions are expected to be revealed on Wednesday when the minutes of the December Federal Open Market Committee meeting are released.
According to the CME FedWatch tool, market sentiment reflects an 82% chance that the Fed will start cutting interest rates in March, with more than 150 basis points of easing expected by the end of the year.
Traders are also keeping an eye on volatile oil prices due to concerns about potential supply disruptions in the Middle East following recent attacks on container ships in the Red Sea. In the crypto market, Bitcoin has risen 3.25% since the beginning of the year, reaching its highest level since April 2022, on expectations that the U.S. Securities and Exchange Commission will soon approve Bitcoin spot fund trading. did.
🚀 #Bitcoin ETF Roadmap, $54k by January End??🚀
Our last 3 Roadmap charts have been spot-on and quite viral too, Thanks for your support so far!
Let's get back to the chart!
Analyzing the current market conditions, We're still on track to reach the top of the 5th wave, expected to be in the $47,000 to $54,000 range.
Following that, we anticipate an ABC correction.
This upcoming move will essentially confirm the accuracy of our Elliott Wave Theory, which has accurately predicted each wave precisely over the past two months.
Other technical rationale behind this projection:
1. Fractals: Examination of fractal patterns on the charts reveals similar PA during the last 5 months before the halving! (Charts will be posted soon)
2. Multiple Indicators: Various technical indicators align, emphasizing the bullish sentiment including much anticipated ETF News!
3. Elliot Wave Theory: So far every single wave has been on track, the 5th wave will complete our 2-month-long EW Wave.
Anticipate this movement within the coming week, but it's crucial to remain prepared for potential market shifts.
Invalidation point: A close below $41,200 could signal a deviation from the anticipated trend.
If you find this chart useful, please consider giving it a thumbs up and sharing it. Feel free to bookmark it to stay informed about any market shifts.
DYOR, NFA
Thank you
PEACE
BTCUSD H4 / POTENTIAL RISE UNTIL 48K 📈✅Hello Traders!
This is my idea for BTCUSD H4. At the moment, BTC remains in consolidation, and soon I expect a rise until the price of 44.000 which is a strong resistance level. As a target, I see the price of 48k.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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BTCUSDT H4 : CRITICAL AREAHi Guys ,Hope You well
In the 4-hour time frame, we are in a not so good demand area. And if the price is supported, it can create a new ceiling. But don't forget that the second point and main support is at 39500. I advise you to be careful in both directions of the market.
SecondChanceCrypto
⏰ 26/Dec /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
BTC Chart is a Masterpiece !! 39500 - 41800 is our targets nowHello Guys
As u See on the BTC chart we had many beautiful patterns which were very accuracy by its targets up & down .
last Pattern which its number is 4 had done its target exactly at 17500$ as u see (yellow rectangles).
Now we are in Pattern Number 5 (Red Rectangles) which its Target after rocking 28800 are 39500- 41850 $ .
Note : we should break the 28800 resistance to reach our targets our we can go first to the bottom of the falling wedge.
Watch it and Decide
Good Luck
It is not a financial advice and plz DYOR
BTCUSDT ready for breakout to the upsideThe price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this area. The target should be the weekly resistance zone which is sitting around 46300-48100.
BTCUSDT - The Big PictureIn a nutshell, still bullish.
On daily TF it has crossed down the lower Bollinger Band - normally bounces back quickly. Also, It's oversold on 4H and 1H timeframes, so a quick temporary recovery from here is expected. But still should retest $28,000 and touch the long-term trendline. Might even go a bit lower to the $27,000 level (My assumption: a bear trap breaking down the uptrend line). I've set long orders between 27,000 and 28,100.
Ofc as always, this is not financial advice.
BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
Bitcoin shows signs of exhaustion on D1 [short term].In the previous analysis, I recommended a Long position for Bitcoin, and it performed well initially. However, as time passed, the buying side exhibited decreasing strength, and the Bull momentum diminished significantly.
At present, at the very least, BTC needs to break through the previous high. Therefore, we should stick to the Bull trend in the short term.
In the medium term, there might be a strong Pullback within the weekly timeframe. This is not certain, and instead of speculating, we should wait for BTC to react to the previous high to assess the situation more objectively.
WHAT A WISE TRADER DO?
If you're holding a Long position : Move the stop loss to a safe point to preserve profits.
If you're holding a Short position : Uhm... set the stop loss carefully.
If you haven't done anything yet? Be cautous, but eyes on the Long position
........
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Bitcoin Analysis (↗️Long↗️/↘️Short↘️Position)🏃♂️After failing to break the Support line , Bitcoin started to rise and is currently moving in the 🟢 Support zone($42,780-$42,280) 🟢.
🌊In terms of Elliott waves , Bitcoin seems to be completing microwave 4 .
🌊The structure of microwave 4 is Double Three Correction(WXY) .
🔔I expect Bitcoin to rise to the upper areas of the 🔴 Resistance zone($43,720_$43,340) 🔴 and then start to decline again .
🧐 What was the reason for the growth of Bitcoin in the last 24 hours❗️❓
🔸 The first news of the receipt of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC, which made many people hope for the approval of Bitcoin ETFs.
🔸But receiving the file does not mean approval and it is part of the standard process of reviewing ETFs by the US Securities and Exchange Commission (SEC).
🔸The second positive news is the listing of ARK 21Shares spot ETF in DTCC broker, which has caused this positive news to affect Bitcoin.
❗️⚠️Note⚠️❗️: The scenario will change if Bitcoin can close a candle in the 4-hour time frame above the Master Candle.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🗺️Bitcoin Roadmap🗺️👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy).
✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading volume was generally low .
🏃♂️Bitcoin is moving on Important Resistance lines , Monthly Resistance (3) . It is interesting to know that all previous stations were on monthly pivots in the last two to three days.
🌊According to Elliott's wave theory , Bitcoin is on its way to completing the main wave 5 .
🌊If we want to look more closely at the waves, Bitcoin is currently completing microwave 3 of the main wave 5 .
🌊 Microwave 4 of microwave 3 of main wave 5 can end on one of the 23.6%($42,730) and 38.2%($41,676) Fibonacci lines.
💡 On-chain data shows that many Bitcoins have been purchased in the range of $45,000 and that medium-term Bitcoin holders are at a loss until now. If the price reaches this area, it is possible that a large number of holders will want to sell their Bitcoins at Breakeven !
🔔I expect Bitcoin to make the first attack on the 🔴 Heavy Resistance zone($52,130-$45,840) 🔴 to complete microwave 3 of the main wave 5 . It is also likely that the first 🔵 CME Gap($40,325-$39,290) 🔵 will be filled after completing the main wave 5 .
📚There are at least 🔵6 CME Gaps🔵 that Bitcoin has not yet filled; generally, over 98% of these gaps have been filled in Bitcoin.
📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios that you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario.
❤️In the end, here is some advice for you as a little brother:
🔸 TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect .
🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment ; check their past, and the truth will be clear(These days they are hot).
🔸I hope we can use TradingView to increase our capital and knowledge .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSD H4 is going after the Liquidity and KEY Resistance!📉Hello Traders!
This is my perspective for BTCUSD H4. I see two key levels that most probably will be reached. The first one is Liquidity at the price of 39300. The second one is the resistance level from 38500, from this price I will look for a Long trade in case of confirmation.✅
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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