Btcusdtlong
🌥️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.
If you liked the analysis, click the thumbs up (or rocket) button and leave a comment with your opinion :)
🚀 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.
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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.
BTCUSDT at 4h support and likely to head up towards 26600The original swing trade is on but here is another trade idea on shorter time frame. The price has pulled back to 4h support and I think it is likely to bounce from here towards 4h resistance. Therefore, a long trade is favorable here towards 26600.
BTC 1H trading plan1H time frame
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After huge pump from 24900, Bitcoin starts consolidating currently.
From the perspective of long, Bitcoin is creating a potential continuation pattern, such as a triangle structure. Therefore, we can focus on the support strength at 25700, if the support is workable for Bitcoin, trading plan will be triggered as below.
TP: 27385
SL: 25420
BTC makes False-breakout again1h time frame
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This market got a comparable big dump yesterday, then BTC creates a false-breakout at 25000 such like the scenario occurred on June 23rd.
The Price Action increases the possibility about right shoulder pattern, which top is around 28350~29150.
We are still under the downtrend on higher time frame, so avoid putting lots margin on long, better to find opportunity to open short!
BTCUSD Long Term BUYING Trading IdeaHello Traders
In This Chart BTCUSD DAAILY Forex Forecast By FOREX PLANET
today BTCUSD analysis 👆
🟢This Chart includes_ (BTCUSD market update)
🟢What is The Next Opportunity on BTCUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BTC recent target 275654h time frame
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Bitcoin creating the similar structure with previous one, formed from Aug 23rd to Aug 29th.
Getting support again at 25700, according to the symmetrical pattern, Bitcoin has potential to reach 27565 in near future. Therefore, we can set up a plan as below.
TP: 27565
SL: 25090