#BTC is expected to form a large cup and handle structure📊#BTC is expected to form a large cup and handle structure📉
🧠From a structural point of view, the daily level has formed a double-top bearish structure. The ideal target area of this structure is 28684-39328. If the future develops as expected, then after reaching the ideal target area, I will put most of the Assets invested in BTC spot trading
➡️If it continues to rebound and hit a new all-time high, then the largest cup-and-handle structure in the history of BTC will be established. The ideal target area for this structure can be seen at 130k-170k
⚠️Of course, the structure and goals of the big cycle require more time and patience to wait☕️
Let's see👀
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BINANCE:BTCUSDT
BTCUSDTPERP
Bitcoin Cup and Handle Pattern!BTCUSDT technical analysis update
BTC is forming a cup and handle pattern on the weekly chart. The price is currently forming the handle, which could take 1-2 months to complete. Once the price breaks the neckline, we can expect a significant bullish move in BTC.
Regards
Hexa
#BTC Short Update!#BTC: Holding Strong Within the Box and EMA
The anticipated bounce occurred within the expected region, reaffirming our position.
Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves.
Will share the weekly chart later today for the exact price levels which BTC needs to reclaim.
Let me know what you think in the comment section and please hit the like button if you find my updates helpful.
Thank you
#PEACE
#BTC/USDT#BTC
The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation.
With a bounce from the lower border of the channel, which supports the rise
We have a bounce from the green support area at 54500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 55,800
The first target is 63325
Second target 70280
Third goal 78524
Fourth target 85350
#BTC may enter a deep adjustment stage📊#BTC may enter a deep adjustment stage📉
🧠From a structural perspective, the turning point has been broken, which means that a daily-level short structure has emerged, which means that the expectation of sideways consolidation has failed, and we may enter a deeper adjustment stage.
➡️However, we cannot chase short positions near the support zone. If we want to go short, we must wait until the price rebounds to the resistance zone before considering short selling.
Let's see👀
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BINANCE:BTCUSDT.P
$BTC - SHOULD WE BUY OR SELL BITCOIN 2024?Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges.
Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ).
If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels.
What We Expect:
Big pumps and dumps will happen as a SNAP at unexpected time.
Who bought at 15,000 and 24,000 levels needs to confirm their profits in USD.
We could see Bitcoin at 100,000 supported with small orders ( Bots ) but the real buyer have a big order at 65,000 - 50,000 levels, so catching these orders are profitable for the sellers who bought at 16,000 - 22,000 levels.
Eventually, Bitcoin is the backbone of crypto market. It will back to below 40k levels not for me or you but for the liquidation to start a new cycle. If you are a long-term investor , wait the lowest prices below 40,000 levels. If you are a pro-trader , you can do scalping trading while Bitcoin above 40,000 at your own risk.
Have a good day and don't invest more than you can afford to lose.
#BTC/USDT Bounce or more pain?#Bitcoin : We've been waiting for this volatility for weeks. This is the point where a bounce should occur. A close below this level would be drastic for the market.
For more clarity, I'll be sharing the stable charts.
Altcoins are showing good opportunities, but we still need to wait for clear reversal signals before entering. GETTEX:54K is a key level in the higher time frames (HTF). Don't lose it, bulls!
Stay strong.
WAGMI
Bitcoin Can Go Up TemporarilyIt seems that Bitcoin has finally managed to break the Heavy Support zone($61,100_$58,700) as I expected in my previous Posts .
According to the theory of Elliot waves , the main wave 5 in the Potential Reversal Zone(PRZ) has ended, and we should wait for corrective waves .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise, at least temporarily, to the target I specified on the chart.
Note: If Bitcoin can break the Potential Reversal Zone(PRZ), the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
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: We are at Bottom!Bitcoin's price has been moving inside a range for the last 125 days. Today, the price touched the 200 EMA and the bottom of the range, which can be considered a good support level for Bitcoin.
During the early stage of the previous bullish move, Bitcoin's price remained within an accumulation range for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move inside the accumulation range for the next 1-2 months.
Bitcoin's price moves sideways at the bottom of the accumulation range for the next few days, then we can expect a gradual upward move. Once the price breaks out of the accumulation range, we can expect a significant upward move.
GO!!! Long on BTC target 62690btc has arrived on out levels POI + FVG
liquidity sweep and forming bullish candle
entry 60,300, target 62690 and sl below the marabozu candle 59390
as i have marked this two dots on the double top price likely retrace back to them from the fvg demand zone if we draw early fib from top to bottom we get 0.7 on the same level of our target
#BTC reaches support zone📊#BTC reaches support zone✔️
🧠The expected rebound did not happen, but entered a deeper adjustment, so we also hit the stop loss. Judging from the liquidation data, the entire network liquidated a total of about 250 million US dollars, which also emphasized the importance of risk management. , don’t let yourself lose everything because of one transaction.
➡️The current price is testing the support area again. If it continues to consolidate sideways in the future, there is a high probability that a "foot sole" will be formed here again. Therefore, we will not go bearish here, but it is reasonable to continue to be bullish. 📈
Let's see👀
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BINANCE:BTCUSDT.P
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin.
As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds.
It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market.
Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities.
**BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting.
If you like my content, please hit the like button and share your views in the comments section. Thank you.
#PEACE
Bitcoin Roadmap==>>(Update)Bitcoin is moving in the Resistance zone($63,450_$62,100) and close to the 21_SMA(Weekly) .
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . (The Maximum of wave 4 can be up to $65,080 , and the Potential Reversal Zone(PRZ) can continue.)
Before the better result, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) .
It seems that BTC.D% has managed to complete 5 impulse waves in the Heavy Resistance zone(60%_57%) , and we should expect BTC.D% to fall in the coming days and weeks.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of wave 4 , and then Bitcoin will fall and at least fill the CME Gap($62,085_$60,400) .
Note: If Bitcoin can touch $65,580, the scenario will change.
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.
Bitcoin RoadmapBitcoin started to fall for the umpteenth time with the news that the Mt.Gox exchange would return Bitcoins to the losers , as if the Mt. Gox exchange would start refunding BINANCE:BTCUSDT and BINANCE:BCHUSDT from the beginning of July 2024 (almost 6 more days).
After a few months, the Fear and Greed index entered the " Fear " range again. But I think it will also enter the " Extreme Fear " range.
Bitcoin is currently moving near the Resistance zone($63,450_$62,100) , the 21_SMA(Weekly) , and the lower line of the Failed Falling Wedge Pattern . ( pullback is probably being completed )
Note: Bitcoin has come below the 21_SMA(Weekly) after almost 250 days.
Note: When a reversal pattern fails, it will play a continuation role.
According to the theory of Elliott waves , Bitcoin seems to be completing the microwave 4 of the main wave 3 . If the Heavy Support zone($61,100_$58,700) breaks, we can confirm the end of wave 4.
Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of the microwave 4 of the main wave 3, and the break of the Heavy Support zone can coincide with the news of the refund of the Mt.Gox exchange .
Note: If Bitcoin can break the Resistance zone($63,450_$62,100), the scenario will change.
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.
#BTC reaches the buying zone📊#BTC reaches the buying zone✔️
🧠In the end, we chose a downward adjustment. Now it has reached near the downward trend line and the buying zone, and the probability of rebound is higher. Therefore, if you hold a short order, please remember that it is reasonable to lock in the main profit or close the position in time. Don't go short here. ⚠️
Let's see👀
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BINANCE:BTCUSDT.P
#BTC/USDT Critical point. Emergency Update!#BTC needs to break and close above the 100EMA on the daily chart. Keeping it straightforward: until this occurs, the price may target the liquidity below $60k. This is not an opinion, just what the charts indicate!
The rejection in altcoins is concerning.
While I'm not bearish, BTC is currently at a critical juncture. This is the right time for the bulls to step in!
This indicator has been highly effective in identifying local bottoms and tops.
Sooner or later, the market will rally for the final wave. Until that happens, be cautious with leverage and view these times as opportunistic for altcoins.
dyor, nfa
#Crypto
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
BTC TRADE OF THIS WEEKI am looking for this setup for this week. During weekly and monthly closing price pumped and both candles closed above the bigger support line so it's mean we are in bullish trend as I am sharing my idea from longtime and I am bullish from 17K.
Now as we look at the chart then it's very clear for long oppertunity in demand zone and SSL will be my DCA. In demand zone are there is CME gap as well. Price will tend to fill that gap then continue higher.
#BTC Two Correction Methods📊#BTC Two Correction Methods
🧠We are currently consolidating between the neckline support area and the staged resistance area. Since we have locked in the main profit, we just need to wait patiently for the realization of the ideal goal. ☕️
➡️If it continues to consolidate sideways, it will rise again after the selling pressure is fully digested.
If we ultimately choose a downward adjustment, we will consider buying back the reduced positions again.
Let's see👀
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BINANCE:BTCUSDT.P
#BTC downtrend has ended📊#BTC downtrend has ended✔️
🧠The downward trend line has been broken, which indicates that the previous downward trend has ended. From a structural point of view, the bullish structure is established and falls back after reaching the stage resistance zone. However, there are still unrealized targets above, so it is mainly bullish.📈
➡️ If the price can return to near the downward trend line, we will consider buying back the reduced position again. Congratulations to the friends who followed Wolf King to print money and obtained 700% profit. 💰🍻
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BINANCE:BTCUSDT.P
Bitcoin - Bullish Bat Pattern Points to 44KMy analysis indicates that Bitcoin is meticulously forming a Bullish Bat Pattern, with a target between 42.5K and 44.3K.
XA Leg:
The X point begins the impulse wave at 38.55K on January 23rd.
The A point terminated at the ATH, 73.77K, on March 13th.
AB Leg:
The B point is at the 56.55K Low on April 30th. This price is slightly above the 0.5 retracement, the lower limit of the B wave.
BC Leg:
The C point cannot exceed the A point and should, preferably, not exceed the 0.887 retracement. The C point terminated at 71.97K, a few points shy of the 0.887 retracement, which is valid.
CD Leg:
The D point is the target. The D point can be calculated as the 0.887 retracement of the XA leg or as the 1.618 extension of the BC leg.
Target:
Between 44.35K, the 1.618 extension, and 42.5K, the 0.887 retracement of the XA leg.
Invalidation:
If the Price exceeds 73.77K.