Btcusdtlong
Bitcoin will go UP by Bullish 🏁Flag🏁 Pattern⏰(15Min)Hi guys, I hope that you had a great weekend.🥳
✅Bitcoin seems to have managed to break the Important Resistance line ( at least temporarily ) and is currently completing a pullback to this line.
🏃Currently, Bitcoin is moving near the 🟢 Support zone($27,100-$27,040) 🟢and SMA(100) .
🏁In terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern .
🌊The structure of the waves inside the Flag is the Double Three Correction(WXY) type.
🔔I expect Bitcoin to rise toward the 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the descending channel .
❗️ Note ❗️: if Bitcoin goes below the 🟢 Support zone($27,100-$27,060) 🟢 we have to expect that Bitcoin will go down more.
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🌐➕ Positive News ➕🌐:
In general, October has been a good month for cryptocurrencies.
🌐➖ Negative News ➖🌐:
New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions
Gemini Crypto Exchange Exits Dutch Market.
Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT.
Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall.
SEC Files Lawsuit Against FTX Auditor.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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BTC.D Predicts 38K BTC SoonI have been tracking the BTC.D Wyckoff Accumulation 3 Days Chart since last year and have posted its progress through all the Wyckoff Phases regularly.
It's time for another update on this.
So, in my last update we have seen BTC.D break up from the Accumulation zone and hit first resistance. Now it has come back down to test the Breakout zone.
As per the Wyckoff model, this is where the actual breakout happens.
Also, I have highlighted that BTC.D has been moving up in an upwards parallel channel and you can see what happens to BTC when BTC.D taps the lower edge of the parallel channel.
It has tapped the lower edge three times in the past since the 15K bottom which resulted in an average move of approx 45% in coming days and weeks. If this pattern continues, we should see 38K BTC very soon.
BTC Butterfly Pattern (entry 29100)4h time frame
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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.
Can BTC Bounce From Here? Note the update !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- After strong gains a day earlier, Bitcoin fell marginally on Thursday as crypto markets consolidated.
BTC/USD fell to an intraday low of 26,111.46 less than 24 hours after getting close to a breakout above the 27,000 level.
Overall, it appears that as the market approaches a point of uncertainty, traders have opted for safe profits.
On the 14-day Relative Strength Index (RSI) this area appears to be 51.00.
Strength in price is seen at 49.64 level, Bitcoin is now trading at 26,481.46.
Should the bulls move beyond this point, there is a good chance that the price could move back above 27,000.
I have tried to bring the best possible results in this chart.
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Bitcoin Halving AnalysisHere are the elements I see when I analyze Bitcoin halving for long-term investment in a monthly time period.
A bull run comes after every halving.
First run 9784%; second run 3147%; The third run sent Bitcoin up 553%.
When we apply Fibonacci correction to the bear market that came before the run, we can determine the point where the run will go. When we apply Fibonacci to the bear season in 2011, we see that the 3.618 level is $1344. In the run after the halvings, Bitcoin saw exactly this level. When we apply Fibonacci to the bear market that came in 2014 after the bull market, this time the level of 2.618 shows the level of $19728. In the bull run after the halving in 2016, we see that Bitcoin rose to this level. When we applied Fibonacci to the withdrawal in 2018, the 1.618 level showed the $47500 level. As expected, Bitcoin ran up to this level in the post-halving bull run. Now, when we apply Fibonacci to the bear market after 2021, we see that the 1.382 level indicates the $110091 level. What should be noted here is that in every bull run, Bitcoin rises to one less Fibonacci level. This is due to the logarithmic chart we use. Perhaps Bitcoin may rise to 1,618 or even 2,618 levels again in this halving, but I calculated it at 1,382 for a realistic analysis. You can also see other Fibonacci values on the chart.
RSI peaks after every halving. However, these hills began to lag and lose their strength as time went by. According to the Fibonacci calculation we mentioned in the previous article, if the price will rise to 1.382, it is consistent for the RSI to peak lower than in 2021. However, if the rise is greater, this pattern will be disrupted and the RSI will make a higher peak. But the time when the peak will come will be approximately at the end of 2024 - the beginning of 2025.
When the RSI is 50 and below, there have always been bottom times for Bitcoin. Therefore, we can say that it is the best time to buy Bitcoin when the RSI is around this level.
After seeing the bottom, Bitcoin rises by finding support at the Fibonacci levels of the rise. For example, when we apply Fibonacci to the 2012 rise, we see that Bitcoin retreated to the 0.372 level and then started to run by finding support at 0.236. After the run in 2016, Bitcoin Fibonacci retreated to 0.5, then rose and found support at 0.382, starting the bull season. After the run in 2020, Bitcoin retreated to 0.618, which is one lower level than the previous run, and now we expect it to find support at 0.5. This means that Bitcoin has the potential to reach the $20,000 level, and a withdrawal to this level will not be a decline, but will find support and start the bull season.
This is just a technical analysis by me. In the end, Bitcoin may or may not reach this level. But I will make my investment according to this analysis. My friends who think Bitcoin will drop to $0, please sell your Bitcoins because I will buy them.
Bitcoin Divergences Since 2023Although Bitcoin has been stagnant since the beginning of the year, it continues to give us signals for future movements. First of all, we need to say that Bitcoin adapted to the 50-day moving average very well in this process. An investor who trades only according to the moving average can make very successful profits. In this context, when we look at the moving average, we see that the Bitcoin price is currently based on the moving average. A Bitcoin that breaks the moving average resistance at $26600 in the daily time frame can start to run again. We will determine how far this race will be as follows;
Bitcoin has been effectively diverging since the beginning of the year. During this period, there were 3 bear divergences, and the decreases as a result of this divergence were generally around 21%. On the contrary, it made a bullish divergence once and the increase was approximately 27%. After August, in the current period, we see another bull divergence. Therefore, if the increase from here is around 20% like the previous ones, the point we will reach will be $30k. Here we will observe the possibility of the head-and-shoulders formation that we mentioned in the previous report. However, for this divergence to work, we must first break the moving average.
🌥️Bitcoin forecast based on clouds🌩️The above chart shows "Ichimoku Clouds". And at the very beginning I would like to point out that the gray path marked by price candles is only a theoretical path that the price could take, and the truth is that only when several conditions are met, indications for increases may appear. And these are the premises we will deal with in today's analysis.
Let's start with what we see in both charts.
On the left we have a Bitcoin chart on a 1D interval (one day),
while on the right side of the chart we have a Bitcoin chart on the 1W interval (one week).
Let's look at the chart on the left first:
We have a red cloud on it, to which the price has already approached once and after this approach there was a downward reaction.
It is worth noting that if the downward trend on the 1D interval were to continue, it would be good for the blue Conversion Line to be below the red Base Line. But that's not the case.
Both of these lines intersected and now the blue one is above the red one. This may indicate that on the D1 interval we may see the price attack the red cloud again.
So let's look at the chart on the right side of the screen.
On the weekly time frame, the price has already entered the red cloud.
As if that wasn't enough, after the price entered the cloud, we could already see the attack on the upper edge of the cloud, which took place on July 10, 2023. (I marked this place with a green arrow)
However, I marked the price candle from March 2023 with a blue arrow, where a huge number of transactions resulted in a very large price increase in just one week. Such places deserve attention because usually when the price returns to the area of \u200b\u200bsuch candles, we can see a demand reaction again.
A similar situation to the current one occurred in November 2015 in the screenshot below.
(look for green arrow)
In 2015, the price entered the red cloud at exactly the same stage of cyclicality and the first attack on the upper part of the cloud ended in failure. Only the second attack on the upper edge of the red cloud was successful.
So to sum up.
In order for us to be able to talk about a final exit from the bear market based on ichi clouds on a weekly time frame, the weekly candle must close outside the red cloud area. Of course, its upper part.
What else is worth observing at the same stage of the cycle?
And the fact that the red cloud changed its color from red to green on a weekly basis. Exactly the same as it happened in 2015.
Screenshot below
However, there are things that worry me about the chart.
For example, on a weekly time frame, the red Base Line was above the blue Conversion Line. This was not the case in 2015. Could this mean that our upward trend has weakened? Yes, maybe. The only question is for how long. Because:
Taking into account the third quarter (Q3) in 2015, we had declines of approximately -10%, while the fourth quarter (Q4) recorded huge increases of approximately 81% (and this was the period before the Bitcoin halving, just like now).
The next thing is October at this stage of the cycle. In 2015, September was a rather dull month. There are usually declines in September, but at this stage of the cycle in 2015, September was a month that closed at +2.35%, a year later September was also positive (6.04%). However, Octobers, after these slightly increasing months in 2015 and 2016, were clearly in green. In October 2015 we had increases of +33.5% and a year later 14.7%.
What do I expect in October 2023?
I believe that unless there is a global economic catastrophe, there is a chance that October 2023 will also be positive.
But for this to happen, first of all, the price on the D1 interval must go out and close outside the area of the upper red cloud, which in turn may lead to the weekly candle closing outside the area of the red cloud on the weekly interval, and if all this coincides with the monthly sentiment and quarterly, the probability of a green October increases and, consequently, the fourth quarter of 2023 may also be positive.
Thank you for reading to the end.
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🚀 BTCUSD #Bullish Signs: Prepping for Lift-Off? 🚀Understanding the BTCUSD Market (#Bitstamp) - Date: September 12, 2023, 22:47
The Big Picture:
Hey there! I've been looking into the BTC market, and I've found some interesting things. Before we dive deep, here's a quick summary: BTC's buying and selling activity is quite calm right now, but other signs suggest some upward energy. Let's break it down.
How Busy is the Market?
There aren’t many BTC trades happening right now. When the market is quiet like this, sudden spikes in buying or selling can shift prices quickly. So, keep an eye out!
Checking the Market's Pulse with Moving Averages:
Short-term (MA50 at 25,822.5): This tells us how BTC has been doing over the last 50 days. Right now, it's showing some positive vibes, but it's being a bit shy about aiming higher.
Mid-term (EMA144 at 26,379.7): BTC's price is playing it cool below this level. If it breaks past this, it's a good sign!
Long-term (MA200): Seems there's a mix-up with this number. Just a reminder to always double-check data!
Are We Overdoing It or Taking It Easy? (RSI):
The RSI tells us if BTC is being traded too much or too little. Right now, it's chill, not too high or low, hinting that there's still some room to grow.
Feeling the Market's Energy (MACD):
The MACD is like our market mood ring. Currently, it's glowing with a positive vibe, suggesting that BTC might want to dance upwards.
Setting Targets with Fibonacci:
Imagine if the market had steps it liked to climb or descend. That's what the Fibonacci levels help us with:
If BTC decides to go on a hike, first it will aim for 26,396.2. Past that, the next steps are 27,437.4 and then 28,279.
But if BTC wants to take a break and rest, the 25,822.5 step (our MA50) might be where it chills.
Here’s My Game Plan:
If we're hoping for a profit, we should aim for 26,396.2, then 27,437.4, and then 28,279. But if things don't go our way, consider stopping around 25,500 to avoid more dips.
A Final Note:
Even though things look promising for BTC right now, the crypto world can be full of surprises. Always stay updated with the latest news, and remember: knowledge is your best tool in this game.
🌟 Found this breakdown helpful? Join our community for more insights and elevate your trading game! ✅ #TradeWithConfidence
Happy trading! 🚀
BTC 2 scenarios about short & long2h time frame
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(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.
Bull Run For BTC Traders. My Trade Lookout. {24/09/2023}Educational Analysis says BTCUSD may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker Binance.
Because BTCfair value gaps are unfilled in a 4-hour time frame.
So one trade is already on with RR is 1: 17.43
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
BTCUSDT at daily support, likely to bounce to 27096-27196Our swing long idea is still active and running but here is a short term long trade idea for BTCUSDT. The price has hit the daily support DS1 and it is likely to bounce towards 4h resistance 4HR1. Therefore, a long is favorable from this support towards that resistance 4HR1. This resistance zone is sitting around 27096-27196.
🟢 BTCUSDT 🟢 LONG - Globally 23-321-day Chart - BTC BINANCE:BTCUSDT COINBASE:BTCUSDT BITTREX:BTCUSDT BINANCE:BTCUSDT.P
After a forceful downward movement, we witnessed a rebound in the nearest FTA zone.
I anticipate a downward movement towards the 23000 mark, with a potential breakout to the 27500 level.
Following the downward movement and potential SMR manipulation, I plan to observe a near-term target at 32500.
P.S. If you liked the idea, hit the "Rocket" 🚀 (👇) – it would greatly motivate me. This will provide me with additional encouragement to continue sharing my market insights.
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📊#BTC will continue to rise through an ascending channel📈
🔥Yesterday, we suggested that there may be a correction after encountering resistance after approaching the selling zone 2. We locked in some profits in unity and the correction began as expected. Now we have obtained support in the inflection point zone and are still running well in the ascending channel. The bulls are strong Still in a dominant position.📈
Hope we can return to selling zone 2 again🙏
let us see👀
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BTC USDT 4 HR TF Outlook. BINANCE:BTCUSDT
According to my 4-hour BTC USDT analysis, the price is showing the same pattern as ETH. BTC is expected to move upwards from the current level of 26,598. The stop-loss for this trade is 26,350, and the target is 27,000-27,300. The last two 4-hour candles have shown a rejection on the downside, which indicates that buyers are pushing the price upwards.
In other words, the price is currently in a range, but there is bullish momentum building. Buyers are expected to push the price higher to hunt the stop-losses of sellers and to take out the liquidity on the upside.
Please note that this is just my analysis and is not financial advice. Please do your own research before making any investment decisions.
BTCUSDT - AnalysisBTCUSDT
W1 - The price is trading in the channel - 31830 - 24860. The most likely scenario is that the price may remain in the channel in the near future, and we can expect the price to move to the level of 31830.
To determine the exit from the channel and the possible start of continued movement:
Long – consolidation and retest of level 31830. Further upward movement to levels 45880 – 68680.
Short - consolidation and retest of the level of 34860. Further movement down to the levels of 19500 - 15470.
What can you expect?
Movements within the channel - with targets 28110 - 30880
Long
Targets - 27300 - 28110 - 28930
Long-term perspective – targets 28110 – 28930 – 30880.