BTCUSD: Signs of the next increaseThe H4 BTCUSD chart is still showing a steady sideways movement, with the accumulation price range holding steady. We've recently observed a bearish reversal pattern known as the bearish Wolfe Wave. When point 5 of the Wolfe Wave pattern is reached, it signals a potential price reversal according to the Wolfe wave theory. In this instance, point 5 aligns with the price frame boundary, further increasing the likelihood of a reversal.
Btcusdtlong
Do you think this is possible for BTCUSD?I think the path of bitcoin is upward and at least I think we will see bitcoin at 41 thousand dollars in some time. I think that the area I specified is the best area to buy bitcoin. Do you think it is possible for bitcoin to correct to that area?
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Latest news: DOT skyrockets by nearly 8% with staking upgradePolkadot (DOT) has taken another exciting step into its ecosystem by going live with Staking Dashboard 1.1.
This upgrade was introduced by Ross Bulat, an engineer at Parity Technologies responsible for developing Polkadot. According to him, the new staking dashboard will give Polkadot stakers a more intuitive report on what is happening in the ecosystem.
BTCUSDT - H4BTCUSDT
H4 - The price has formed a triangular formation when it breaks through/fixes the level; we can consider continuing the upward movement. Targets 38700.00
What can you expect?
If successfully fixed to the trend line, you can consider entering from the nearest levels of 34766.00 with a small risk on the idea with a target of 37387.22
It is better not to take increased risks. The price may also correct after a noticeable impulse on D1. Cancel the idea when 33798 - 33061 is broken.
Long
Targets 35705.93 - 36604.55 - 37387.22 - 38700.00
#BTC/USD $42k by Dec 2023, Here's Why!! 🚀#Bitcoin Roadmap to $42,000 till December $2023!🚀
Let's consider two potential scenarios for Bitcoin's path until December 2023:
1. Bitcoin might drop to the lower $30ks and then experience a quick recovery to the $37k - FWB:42K range.
2. Alternatively, Bitcoin could surge to $37k and then retrace to the lower $30ks before making another push toward FWB:42K + level.
In both cases, it seems that Bitcoin is on track to reach the FWB:42K level.
Additionally, based on my Elliott Wave analysis, it appears that we may be approaching the 4th and 5th waves, followed by an ABC correction.
These two scenarios could confirm my Elliott Wave analysis.
Keep a close watch on the monthly closing prices; I'll provide updates on that.
Be sure to bookmark this chart and follow me for future updates.
Invalidation: If this entire movement turns out to be a deviation, possibly due to ETF manipulation above the $32,000 level.
Remember, $32.3k is a critical level that Bitcoin needs to maintain on daily and weekly for the uptrend to continue.
Please note that this is just my interpretation of the chart, and I could be mistaken. Always do your research. This is not financial advice.
Do share if you like it.
#Crypto
BTCUSD 4H : Waiting for breach 35048BTCUSD
New forecast
The price perfectly fulfills my last idea and price reached to our first target and now on the way to reach the second target .
Bitcoin price resumed its positive trading after reaching our expected target at 35048 and rebounded from it, trading near the 35048 barrier, waiting for it to breach to achieve our next positive target at 35754 and 37000.
The ascending channel continues to organize the proposed ascending wave, and supports the chances of achieving more gains in the longer term, recalling the importance of stability above 33022 for the continuation of the expected rise. so it is possible to do a retest and then rise up and the main condition to be up trend is stability above 35048 and then our targets will be activate .
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉
I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead.
It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618.
Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k.
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BTC/USD: Overcoming important resistance zone
Bitcoin broke through an important resistance zone at the July peak at 31800, thereby creating a Double Bottom pattern (bottoms in June and September 2023), opening up the potential for a price increase to 39000. Bullish Momentum The strength helped BTC surpass the 200-day MA, coinciding with the August peak (28150). Additionally, on the weekly chart BTC broke above the Ichimoku cloud for the first time since 2021
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000.
In this week, bitcoin price continues to move in an ascending channel (in yellow).
]f the price breaks the Bollinger midline, there is a possibility that the price will go down to the yellow area.
Overall, in my opinion, as long as the price of Bitcoin does not fall below the Bollinger midline, there is a possibility that it will go higher.
But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario.
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BTCUSDTBINANCE:BTCUSDT
According to my previous analysis of BTC, the price has increased from 29900 to 34700. In my opinion, Bitcoin continues to exhibit bullish tendencies, although there may be some price corrections, possibly leading to a decline to 31000 or hovering around 29000. However, following these price corrections, Bitcoin is expected to continue its upward trend. It is worth noting that these fluctuations are not uncommon in the cryptocurrency market and should be viewed as part of the normal market cycle.
BTCUSDT BINANCE:BTCUSDT
The chart under consideration is characterized by exceptional clarity and detail. An examination of the chart reveals that the bearish weekly trendline was effectively broken, followed by a pullback featuring a hammer candle. The hammer candle was subsequently confirmed with a robust green candle that broke through the purple resistance level and has not fallen below it. The present pricing position is of the utmost importance, as it has the potential to reach a specific area if it successfully overcomes the resistance level. Conversely, if the resistance level rebuffs the price, no growth will occur. In light of this analysis, it is my professional opinion that October bodes well for BTC.
BTCUSD 4H : Support further rise upBTCUSD
New forecast
Bitcoin price made some temporary downward correction and is trying to resume positive trading with the opening of the day, keeping the bullish trend scenario in place for the coming period, remembering that our next main target extends to 35048 and 35754.
Moving average 50 supports the proposed bullish wave, keeping in mind that breaking 33022 will stop the positive scenario and put the price under negative pressure again.
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTCUSD 4H : Support further rise upBTCUSD
New forecast
Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market.
This is amid growing hopes about the possibility of regulatory authorities in the United States approving the release of a Bitcoin investment fund traded in the “ETF” index during the few periods of suspension.
Technical abstract :
The price of Bitcoin (BTCUSD) did not show any strong movement yesterday, maintaining its stability above the 28345 level, which keeps the bullish trend scenario valid for the coming period, supported by the moving average 50, remembering that our expected targets start at 29255.00 and extend to 30000 , and our target will be activate when price stabilized above 28902 .
On the other hand, you should be aware that breaking and stability under 28345 will stop the expected rise and put pressure on the price to decline again.
The expect range trading for this week will be between resistance line 30018 and support line 28345
support line :28345 , 27987
resistance line : 28902 , 29293
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTC THIS INCREASE CAN END INTO CRASH .. WORLD ECONOMY = REASONWill this ETF not-confirmed hype make the BTC price increase, or is this just a short hype that will end in a Crash of BTC?
We have seen before how whales are able to make a freefall after a trend increase and break down the trend in profits. more from Asian whale trends and usdt whales. All crashes did start from fake increase action.
For day trader there should be no care if the price of BTC increase or not as day traders depend on every side.
This is just a view of what can happen after this BTC increase.
We think the last one, depending on a technical view there is no reason in this world trends that the hold BTC has a building trend as there is a high chance the economy going to break down.
This increase can be the reason for the next BTC crash. also if BTC increases further there can be a moment that BTC will get a free fall, since the economy of the moment is very risky.
This is not trading advice, do always your studies and manage the risk.
BTCUSDT - Next Target?BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $27160
Buy level: Above $26900
Stop loss: Below $25350
TP1: $28000
TP2: $29500
TP3: $31000
TP4: $34000
Max Leverage 2x
Always keep Stop loss
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BTCUSD:; Bitcoin forecast next week: Approaching the $30,000 marSince the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the 30,000 USD mark.
According to CoinDesk data, updated on the morning of October 22 (Vietnam time), Bitcoin price traded at 29,880.3 USD/BTC, corresponding to a capitalization of 583.2 billion USD. Compared to early October, this cryptocurrency has increased by 8.3%.
“Bitcoin's bullish momentum is supported by positive news about the possibility of approval of an exchange-traded fund (ETF) for this cryptocurrency next week, along with an increase in applications to open a fund Bitcoin ETF,” said Lucy Hu - senior trader at Metalpha.
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because BTC fair value gaps are unfilled in a 4-hour time frame.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
The Rectangle box is an Order block for trading.
The blue line is high and low of the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTC excellent short entry 3090012h time frame
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We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below.
TP1: 25000
TP2: 20300
TP3: 18000
Also, 17000~18000 is the expected bottom before bull.
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ref.1 Head and Shoulders structure
ref.2 Harmonic pattern
ref.3 Diamond structure
Bitcoin Analysis (1d): Recent SurgeThe beginning of this week saw a remarkable upswing, propelling Bitcoin's value by an impressive 15%. The digital giant broke a significant barrier at $28,700, surging ahead to $30,000 .
However, the journey doesn't stop here. What has captured our attention is Bitcoin’s recent breakout from a crucial resistance level at $28,700.
The present challenge lies in surpassing the formidable $31,000 mark, a zone with historical significance. This price point, which once served as solid support during the turbulent times of 2020 and 2021, is now a ‘resistance to be cracked next’.
Anticipation buzzes in the air, echoing the prospect of Bitcoin going parabolic should it soar above the $31,000 or even $32,000 thresholds. Yet, this is more than a speculative scenario; it represents a tangible opportunity. However, the prudent approach is to analyze, assess, and prepare for all eventualities.
While the temptation to surge upwards is strong, a strategic retreat might be in the cards. A brief regression to the previous resistance and support level at $28,700 isn't just a possibility but could be a healthy move. The lingering selling pressure from futures exchanges provides a substantial reason to consider this option seriously.
BTCUSD: Bitcoin stabilizes above $28,000 as US retail increasesBitcoin remained above $28,000 on Tuesday, hovering near a two-month high. The cryptocurrency's resilience is reflected in the fact that the cryptocurrency recovered yesterday from Monday's high of $30,000 to a low of $27,855.21 and is now above $28,600, while US retail sales increased 0.7% in September. This was due to surprising results. This is Bitcoin's highest interest rate increase since August 18.
In contrast, Ethereum briefly peaked at $1,628.16 before falling. The cryptocurrency's value fell to $1,570.89 today after Ethereum failed to improve its RSI due to misinformation surrounding the approval of BlackRock's (NYSE:{) Bitcoin spot ETF. 13078|BLK}). It broke through the 49.00 ceiling and now appears to be aiming even lower as it reaches $1,540, ending a four-day bullish streak.
Bitcoin Halving : What Investors Need to Knowwhat is Bitcoin Halving?
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in April 2024.
Chart Overview: The chart above illustrates how the price of Bitcoin moved before and after halving.
Before the 500 days leading up to halving, the Bitcoin price began to rise slowly. After the halving, the price of Bitcoin experienced a significant increase, a pattern that has repeated in the past three halvings. We anticipate a similar price movement in the 4th Bitcoin halving. Until the 4th Bitcoin halving, which is expected on April 14, 2024, we expect Bitcoin's price to continue its gradual ascent. After the halving, we anticipate a strong upward movement in Bitcoin, potentially reaching the $200,000 level.
Thanks,
Hexa
BTCUSDT daily to close red but above 27200 for bullish outlookThe price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a daily around or just above it, it will be very bullish and the next day/s is/are going to be greener.