BTC IN 4H SUPPLY ZONEBTC is in supply zone of 4h time frame. And this is sell signal according to books because IDM and supply zone. Target lower green line.
BTCUSDTPERP
#BTC bullish head and shoulders structure, cautiously bearish📊#BTC bullish head and shoulders structure, cautiously bearish⚠️
🧠 From a structural perspective, we have discovered a bullish head and shoulders structure. If we continue the bull trend with this structure as support, we could at least see a move above 64k.
➡️But we are currently in the resistance zone and are also blocked by the downward trend line. The price/performance ratio of chasing the increase is the worst, so if you want to go long, you must at least wait for a period of correction before considering it.
➡️If you want to go short in the resistance zone, my suggestion is to be cautious and set a stop loss. The current resistance that can be seen is around 61,000.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Weekly Review August 18th - August 25thThis review will focus on four issues:
1. When is the bottom?
2. At what price?
3. If we make a definitive bottom, will a fresh upward impulse follow? Or is it just a relief rally?
4. What is the likely target to the upside?
TLDR:
• The trading week beginning on August 19th will likely be a substantial low, followed by a rally. The bottom will likely be after August 19th.
• The absolute bottom (for now) is 45K. If Bitcoin makes an HL above 49K, it is a bullish signal for continuation.
• Even if Bitcoin makes an HL above 49K, a bullish continuation to a substantial ATH is doubtful. My most optimistic projection is 85K.
• The “line in the sand” is 61K. If Bitcoin holds 61K, expect a continuation and vice versa.
A. When is the Bottom?
A.1. Mercury Cycles:
Mercury cycles are based on Mercury’s 88-day orbit around the Sun. There is some correlation between the end of a Mercury cycle and a change in trend. However, it’s not reliable enough. The current mercury cycle ends on August 26th and may herald a trend change.
A.2. 30-Week cycles:
Measuring Bitcoin Cycles on the weekly cycles from one low to the next, it is possible to divide the cycles into 15-week cycles and 30-week cycles. The 15-week cycle measurement doesn’t have good proportions because of deviations.
Figure 1: 15-week cycles
The 30-week cycle is consistent and reliable. In this cycle, the 30-week cycle plays out perfectly. The data points to a macro bottom this week beginning on August 19th.
Figure 2: 30-week cycles.
A.3. Financial Astrology:
A.3.1 Bitcoin Horoscope:
Between August 17th and August 19th, transiting Mars will square Bitcoin’s natal Uranus. This challenging aspect brings increased volatility and the possibility of a trend change. The change in trend is unlikely to occur while this aspect actively influences Bitcoin’s chart, but a day or two after this aspect has run its course. Accordingly, we can expect a trend change after August 19th.
A.3.2 General Astrology:
Even if we disregard Bitcoin’s transits, the astrology of the coming week (beginning on August 18th) is somewhat challenging. August 19th is particularly auspicious and looks like a prime candidate for a low because Venus in Virgo forms a T-square with Saturn in Pisces and Jupiter and Mars in Gemini
These are the active aspects for August 19th:
1. Sun, Conjunct, Mercury. Neutral.
2. Sun, Square, Uranus. Negative.
3. Mercury, Square, Uranus. Increased volatility.
4. Venus, Square, Jupiter. Conflict.
5. Venus, Opposition, Saturn. Conflict.
6. Jupiter, Square, Saturn. Conflict.
7. Neptune, Sextile, Pluto. Positive.
B. At what price will Bitcoin find support?
B.1. Volume Profile:
From a volume perspective, Bitcoin lost a high-volume zone when it dropped below the distribution range-low of 60.8K.
The next volume support is the zone between the VAH at approximately 45K and 41.5K.
This is a “do or die” level for Bitcoin. If Bitcoin loses this volume cluster, the bull market will be over.
Figure 5: Bitcoin cycle volume profile.
B.2. Elliot Wave Count:
From an EW perspective, Bitcoin is in the process of making a complex correction in wave 4. Bitcoin reached 0.5 retracement of wave 3 at 49K and lost the acceleration channel. If the 0.5 retracement holds and Bitcoin makes a double bottom, it will be a macro-low signal.
If Bitcoin loses the 0.618 retracement, the chances are that this is a failed cycle, and Bitcoin will head lower.
Figure 6: Bitcoin cycle EW count.
B.3. Gann analysis:
The 1/1 Gann angle points to the possibility of a low at 45K. However, this doesn’t mean that the price must go there; it is merely that 45K is a strong support level that will likely hold.
B.4. Wick Fill strategy:
The wick-fill strategy gives us a few support targets:
1. 50% of the wick on the 1W chart: 53K. In confluence with the 50W EMA.
2. 50% of the wick on the daily chart: 51.5K.
3. 100% of the wick at 49K.
Figure 7: Bitcoin Gann & wick-fill.
B.5. Classical Charting:
According to classical charting techniques, Bitcoin’s price forms a Descending Broadening Wedge. The wedge support is 45K, coinciding with the cycle 50% retracement and the 1/1 Gann angle.
Figure 8: Descending broadening wedge.
B.6. Bitcoin Support Levels:
a) 53.5K (50% of the weekly Wick, 50W EMA).
b) 51.5K (50% of the daily wick).
c) 49K (previous LL).
d) 45K (horizontal support, high-volume node).
I will look to buy between 49K and 51.5K. This is my assessment. Regardless, because there is no definitive level, it may be a good idea to wait until after August 19th to confirm a bottom in place.
C. Is Bullish Continuation Likely?
The evidence for continuing the bull trend mainly relies on historic PA patterns. The fact that the four-year cycle held in the past does not guarantee future performance. Also, the macroeconomic conditions today are different. There is no historical record to compare Bitcoin’s performance in a recession. Low interest rates, low unemployment, and economic growth characterized the past 13 years of Bitcoin’s existence. The situation has changed, and we need to adapt.
C.1. The Bear Case:
C.1.1 Wyckoff Distribution:
It appears as if Bitcoin completed a Wyckoff distribution schematic. The last LH of 62.8K was the Last Point of Supply, and if the price stays below 62.8K, I expect lower prices.
Figure 9: Bitcoin Wyckoff Distribution.
C.1.2 Market Structure:
Bitcoin M.S. since March 13th, 2024, is indicative of a downtrend. The price is making LHs and LLs. “The trend is your friend until it ends.” Until the price makes an HH above 70K or an HL above 62.8K, I expect a continuation to the downside.
Figure 10: Bitcoin M.S.
C.2. Neutral:
C.2.1. EW Analysis:
The fact that Bitcoin lost its acceleration channel is bearish. If Bitcoin drops below the 0.5 retracement, it will exacerbate the situation because a bullish continuation in wave 4 below 0.5 retracement is doubtful. Even if Bitcoin rebounds from the 0.5 retracement, it is possible for the 5th wave to top at 64.6K. Frankly, it is A maximum pain and confusion scenario. See Figure 6.
D. Continuation Targets:
1. Bullish Continuation Targets:
If Bitcoin holds the 49K level and reverses course, the optimistic wave 5 projection is 85K.
If wave 5 matches wave 1, it will only reach 64.6K.
Some analysts, are calling for a “melt-up” phase preceding a 1929-style crash. I doubt if we will see a melt-up in the crypto market. If we do, 107K is the maximum. Although, I doubt it will happen. see figure 6.
2. Bearish Continuation Targets:
The immediate significant support level is 49K. However, if Bitcoin continues the current trend, I expect the next target to be 45K. see figure 5
Best Wishes
NTC
Bitcoin Analysis==>> Breaking Downtrend lineBitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) .
I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks .
Note: If Bitcoin goes below $57,000 , we should wait for Bitcoin to fall to $55,000 (at least).
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.
#BTC has reached the selling zone, beware of pullbacks📊#BTC has reached the selling zone, beware of pullbacks📉
🧠 From a structural perspective, the long structure we built near the support zone has achieved its ideal goal and there are signs of a pullback, so we need to be alert to the occurrence of further pullbacks.
Let’s see 👀
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BITGET:BTCUSDT.P
#BTC has a new short structure, be cautiously bullish📊#BTC has a new short structure, be cautiously bullish⚠️
🧠 From a structural perspective, we have constructed a new short structure after breaking below the support zone, so we need to be wary of the risk of further pullbacks.
➡️ It is currently in the rebound stage after encountering the gray neckline support area, and the periodic resistance area is 59000-59200.
➡️If we make a deeper correction as expected, then focus on the buy zone below and buying opportunities near the downtrend line
Let’s see 👀
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BITGET:BTCUSDT.P
Bitcoin Analysis==>> Reversal Patterns==>>(Short term)Bitcoin moved as I expected in the previous post .
Bitcoin is currently moving in the Support zone($60,800-$56,700) and near the Support lines .
In terms of Classic Technical Analysis , Bitcoin seems to have succeeded in forming a Falling Wedge Pattern , and an Inverse head-and-shoulders Pattern is possible .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise to at least near $60,000 .
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.
#BTC will rise following the falling wedge pattern📊#BTC will rise following the falling wedge pattern📈
🧠 From an image point of view, we have formed a falling wedge near the support area, generally we follow this pattern to rise, and we have broken through the upper edge, and the rising signal is confirmed.
➡️From a structural perspective, if there is a nice pullback, then there is an opportunity to build a bullish head and shoulders structure.
Let’s see 👀
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BITGET:BTCUSDT.P
What If We Are in A Bear Market and Don’t Know It?When a partner cheats, the spouse is the last to know. Could the “Composite Man” is cheating, and we don’t realize it yet?
Let’s look at the evidence. “Facts Not Feelings.”
1. A complete Wyckoff distribution pattern.
2. M.S. confirms we are in a downtrend.
So, why is everyone still expecting an uptrend?
1. Traders and investors are relying on historical patterns such as the four-year cycle.
2. Traders and investors hope the FED will cut rates and boost liquidity.
We need Objective tools
The most objective tool we have is the price. The chart doesn’t lie.
We have two main levels that will serve us to determine if the current trend is still on the downside:
1. The Last LL. The last LL was 49K. If Bitcoin loses the 49K support, it is a point in favor of the Bears. If it finds support above 49K, it is a HL and a point in favor of the Bulls.
2. The Last LH. The ultimate LH is 70K. If the price remains below 70K, we will still be in the bear market.
62.8K Is an intermediate level. This means that if the price breaks above 62.8K, it will increase confidence in a trend change. However, let’s assume that the price will find support at the 45k level and then fail to break above 62.8K it will be all the proof you need that the bear market is here.
What should we do?
The safest course of action is to operate as if we are in a bear market.
What does it mean?
This means that you only trade long when it is obvious that the sellers are exhausted. And you treat every LH as a short opportunity.
Bear markets are Bull markets in reverse. Instead of “buy the dip,” “short the rally.”
Best Wishes
#BTC/ETH#BTC
#BITCOIN
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel
The price is now $22.40, which is the entry price
Targeting the $21.50 area, which is the lower limit of the channel
There is a strong resistance point at the upper limit of the channel that supports the decline
We have a trend-hop on the RSI indicator, but more declines are expected on it
Bitcoin Analysis==>> Death Cross HappenedBitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel .
Finally, the Death Cross Sell Signal was seen yesterday.
Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day .
Also, we can see the Regular Divergence(RD-) between Price and Volume .
I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140) .
Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000.
Bitcoin Analyze (BTCUSDT), 1-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.
Bitcoin analysis - short term idea (longer term included)I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss.
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.
Boost and follow for more ideas! Thanks!
#BTC/USDT#BTC
#BITCION
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well
The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price
There is a strong support point at this level, green
Targeting the upper limit of the channel at $60,000
This boot supports the lower limit as we are still below the moving average 100
But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
#BTC Update, HODL!#BTC is holding strong above the July low, with lower liquidity from the FVG taken.
We're set for an upside move. However, expect some choppiness until the rate cut decision is announced.
Stay cautious, especially with leverage.
Invalidation: Close below $57,642
Let me know what you think in the comment section and do hit the like button.
Thank you
#PEACE
Bitcoin BTCUSDT currently trading around the $60,539.9 levelThe BTCUSDT chart shows Bitcoin currently trading around the $60,539.9 level. The price has seen some volatility recently, with significant movements both upwards and downwards.
Key Points:
Support and Resistance Levels:
The price recently reached a local high (TP2) around $61,112, but faced resistance near $62,375, causing a pullback.
There is significant support near $58,267.5, as indicated by the recent entry marked by RICHI. This level could act as a key point for further upward movements if the price holds above it.
Recent Trade Setups:
A long position was initiated around $59,000 with a maximum profit of 16.94%, showing a successful upward move that hit the take profit levels (TP1 and TP2).
A short position was also triggered after the price failed to break higher, leading to a brief downward movement. However, this short trade appears to have been closed as the price bounced back.
Current Scenario:
The price is now consolidating around $60,500. If it breaks above the recent high, it could retest the resistance at $63,000. Conversely, if it drops below $58,267.5, we might see further declines toward the next support levels at $57,000, $55,733, or even $54,044.
Potential Targets:
On the downside, potential targets for further decline are set at $57,000, $55,733, and $54,044. These levels align with previous support zones and Fibonacci retracement levels.
On the upside, the key resistance levels are at $62,375 and $63,335, which Bitcoin needs to overcome to continue its bullish momentum.
Conclusion:
Bitcoin is currently in a critical consolidation phase. Traders should watch for a decisive breakout above the current resistance levels or a breakdown below the support to determine the next major move. Holding above $58,267.5 could be bullish, while a fall below this level might indicate a deeper correction.
BTCUSDT - LONG [Daily Signal]In general, I expect the price to continue moving within the defined range. Closer to the resistance zone around 67.000, we will get an answer as to whether further growth is to be expected.
BTC Recovery: Targeting 65K Next?GM crypto bro's, this morning, the fear and greed index has risen to 31 (fear) after dipping into the extreme fear zone yesterday. The stoch RSI also shows a slight increase.
Overall, today’s outlook for BTC remains similar. The 58K target has been visited, and the next target is in the 65K area.
But keep in mind, the market is dynamic—don’t get caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
#BTC/USDT#BTC
Bitcoin
Bitcoin price is moving in a sideways channel on a 1-hour frame. It is expected that the price will touch the lower limit of the channel at $59,600 and bounce from it upwards to the upper limit of the channel at $61,800. Which is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level.
We have a support area in green at $57,800 after the price touched it and bounced from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards,
canceling the pattern in the event that the pattern is broken upwards and a candle closes above the $62,000 area, which supports further upwards
#BTC double top bearish structure, cautiously bullish📊#BTC double top bearish structure, cautiously bullish⚠️
🧠 From a structural perspective, we have constructed a double top bearish structure near the target area, and the ideal goal of this structure has not yet been achieved, so we need to be alert to the possibility of further pullbacks.
➡️Currently we are near the phased support zone. Even if we want to be bearish, we should wait for a rebound before considering it.
Let’s see 👀
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BITGET:BTCUSDT.P
Bitcoin Analysis==>>Last ChanceBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law . However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin seems to be completing the Triple Double Correction(WXYXZ) .
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern .
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
Bitcoin Analyze (BTCUSDT), 1-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.
AFTER THE CORRECTION BTC CAN REENTER FOR SECOND TIME 62KWe did add before about the expected correction for BTC
Like the before 62K target, in the correction, there can come a high candle recovery trend as we have seen before to gain again 62K
There is a good chance that BTC will retest the 62K level again with a new liquidity volume after this correction trend.
know that correction always enters with panic and manipulation trends.
In the zone where we are now, BTC can find new LONG liquidity also with the new coming weekly chart start.
we will follow the back trend to 62K level with updates.
the reversal does not always go directly, in more times the trend should become first stable before a new increase starts.
Follow always only your plan and risk management we are not advisors or get paid for it.
Trading is more than just a simple basic update.
Bitcoin Weekly ReviewNTC Bitcoin Weekly Analysis for August 10th – August 17th:
TLDR:
• The market structure remains bearish, and the bias remains to the downside.
• Should bitcoin pull back to make a higher low or make a higher high, the bias may change to bullish.
Weekly Chart:
Bitcoin is still moving inside the Descending, Broadening Wedge. Last week, Bitcoin reached a lower low of 49K. After hitting 49K, the initial reaction was excellent, and the price rebounded to 62.5K.
However, the price hasn’t been able to close a candle above the distribution range low of 60.8K so far.
The volume also increased, with the buyers having the upper hand.
Bitcoin’s price also holds above the 200D EMA and the 50W EMA. Both EMAs serve as a divide between a bullish and bearish market. The fact that Bitcoin’s price is above these levels serves as a tailwind for the bitcoin bulls.
The bullish reaction to the 49K level left a 9000$ wick. This wick represents an imbalance in the chart. In my experience, the price tends to revisit these wicks because they represent an imbalance in the chart. If the price pulls back to reclaim at least 50% of the wick and coincidently retests the 50W EMA as support, the bullish case for Bitcoin will strengthen.
Two things can strengthen the bullish case for Bitcoin:
1. A Higher High. This means the Bitcoin price will exceed 70K and invalidate the bearish bias.
2. A Higher Low. This means that Bitcoin will pull back but hold above 49K. Preferably, the price should hold the 50W EMA.
Bias: Bearish until the price makes an HH or a HL.
Figure 1: Bitcoin Weekly Chart.
Daily Chart:
Generally, the daily chart tells the same story as the weekly chart.
The bullish reaction to 49K on August 5th left the chart with an imbalanced wick. Wicks get filled. If, in the next week, Bitcoin retraces to recover the wick and makes a higher low, the bullish case will become stronger.
August 8th also was a remarkable day for Bitcoin, with a 12% surge in price.
The issue is that fast moves, up or down, leave the price without notable support. If Bitcoin rejects the 60.8K resistance level, there is nothing to hold the price until 55K.
Short-Term Bias: If the price holds above the 200D EMA, I expect a continuation of the upside. Initially to 62.5K but higher targets up to and including 68K are not out of the question.
Figure 2: Bitcoin Daily chart
4H Chart:
On the LTF, the M.S. is bullish. The price is making HHs and HLs; if the price holds 59.5K, I expect continuation.
Support: 55K, 59.5K.
Resistance: 60.8K, 62.5K, 64.25K.
Figure 3: Bitcoin 4H Chart.
Gann Bonus:
1. A Gann fan pulled from the ATH to the most recent low highlights Two resistance levels:
A. 61K, the 2/1 angle.
B. 64.8K, the 3/1 angle.
The aspect ratio is 172. The daily TF
Figure 4: Gann Fan Resistance Lines.
2. A Gann fan pulled from the cycle bottom to the ATH highlights two support levels:
A. 53.3K, the 2/1 angle.
B. 41.5K, the 3/1 angle.
The aspect ratio is 856. The weekly TF
Figure 5: Gann Fan Support Lines.
Best wishes
BTC/USDT RED LOW TIME FRAMEThis is a low time frame update which shows that BTC has the chance to have a correction in the coming time frame, the weekend trend.
We will follow the trend and see if these red signals are confirmed in the coming time frame.
We followed the BTC before, from a 54K to 62K trend. as this below update shows
About the side where BTC is going, we can't know, since we only follow data.
we never hope for a trend where BTC can go since we always check all 2 sides and where data shows a high chance.
our statics show that we are the best of all coins with data in BTC long term.
Knowing this is BTC there can be always manipulation in trends that can make fake liquidity before it will enter the real liquidity, we have seen before at 56650 before increasing to 62K, in a different way can always happen. make always plan..
data shows there is a chance that 70% BTC will make first a correction
