#BTC is consolidating near the buying zone,cautious short📊#BTC is consolidating near the buying zone,cautious short⚠️
🧠We are currently consolidating near the buying zone, and there is not much trading volume on the weekend, so there are not good trading opportunities. But after all, we are near the buying zone, so short selling needs to be cautious and conservative.⚠️
➡️If we want to maintain an optimistic attitude, we can only wait patiently for the price to break through the downward trend line or successfully break through the turning point to build a long structure.
Let's see 👀
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BTCUSDTPERP
BTC LONG/SHORT POSSIBLE TRADE IDEA.BTC is looking very boring now a days. This is 4h analysis. Price is currently in a liquidity box where is liquidity lying above and below the box. Below the box's liquidity there is DEMAND ZONE, I have marked my idea of possibility here. Price can come into the demand zone then some green candles and we will wait for price to take liquidity of early longers from demand zone and then price will spike out with CHoCH. This CHoCH will give us good entry zone in fvg or order block.
On the upside if price pumps then it can face selling pressure in supply zone. Where if price will do the same CHoCH then i will look for short. Everthing is clear on chart as well.
#BTC rebound target not yet achieved📊#BTC rebound target not yet achieved☕️
🧠 From a structural point of view, after we break through the turning point, we will establish an N-shaped long structure, which means that we will most likely break through the downward trend line. The first target can at least see the resistance zone, so please be cautious in shorting.
Let's see 👀
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BINANCE:BTCUSDT.P
#Bitcoin low could be $54169, Here's Why!#Bitcoin monthly support is around the $56.5k level. We've been struggling to break the upper resistance of $73k.
The final wave is still due, so remain vigilant in the market.
The 9EMA on the monthly chart has been a reliable indicator for dips in the last couple of post-halving rallies.
The current price is at $54,169! Even if we reach that support level, not being positioned in BTC is riskier than being exposed to the market, so be thoughtful when making your decisions.
Remember, the market aims to bore you and kick you out.
Don't let them play with you.
WAGMI
Cheers, and don't forget to hit like and bookmark to stay updated.
#Crypto #BTCUSDT
BTCUSDT likely to be rejected from daily resistance around 64.5kThe price has dropped significantly once rejected from weekly resistance WR1. Now it has bounced from weekly support WS1 and now on the way to daily resistance DR1. I believe the price will struggle at DR1 and will be rejected towards 4HS1 at least. And therefore, this short trade idea if the price reaches towards DR1. Lets see if price manages to reach there and fill our orders. By the way, keep in mind, the price has broken important support and structures so it is full in bearish mode.
#BTC rebounded as expected📊#BTC rebounded as expected✔️
🧠 From a structural perspective, it makes perfect sense that we started the rally after reaching a non-contradictory bullish zone, as the short structure’s goals have all been achieved.
➡️Now that the short goal has been achieved, it means that this downward trend may end, so there is a high probability that we will break through the downward trend line.
🔥So when the price reaches the downward trend line and resistance area, it will be regarded as the heaviest resistance area, so please be prepared to reduce or close your positions.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
#BTC fell below the support zone📊#BTC fell below the support zone📉
🧠 From a structural perspective, the breakdown of the bullish defense point means that the bullish head and shoulders structure has failed. And it fell below the support zone, and the support zone turned into a resistance zone.
➡️From the perspective of wave theory, wave 5 will most likely end in a non-contradictory bullish range.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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Bitcoin RSI has dipped below 30.Bitcoin Technical Analysis Update
In the past, when Bitcoin's daily chart RSI drops below the 30 level on the daily chart, we often see an upward move in Bitcoin's price from that level. It is considered a bottom for Bitcoin in that trend.
Currently, Bitcoin's daily chart RSI has dipped below the 30 level. This could be considered a bottom for Bitcoin, and we can expect an upward move from the current level.
Regards
Hexa
Bitcoin Analysis==>>Cup & Handle PatternBitcoin is moving near the upper line of the Falling Wedge Pattern .
In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Cup & Handle Pattern . ( continued pattern )
After breaking the neckline, I expect Bitcoin to rise to at least the target I've specified on the chart.
Note: An important point you should always remember is capital management and lack of greed.
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 price movement from this current positionBasically target reached! BINANCE:BTCUSDT.P
For BTC we touched 64565 (2$ lower 16 May 2024)
tested D FVG. Binance BTC Perp. ( i dont like we just a test but didnt fill it)
Like always 2 scenarios...both are up (for BTC no an neceserelly alts will follow)
Eyes on data after tomorrow
For me better of course test 0.5 fvg! But we can leave this zone for the next test later.
Many alts in zones of interest! So you can buy ONLY if you waited this targets and have a plan to buy this alts! Don't need to buy only because its red market!
If BTC decide to form global right shoulder what showed in video (Gala video) its can be even under 61k so work with own risk management!
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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#Bitcoin update! 📊 #BTC Descending Broadening Wedge on the Daily Timeframe Chart is Still in Play! 🚀
Bitcoin bulls need to clear the $71.3k Resistance to confirm the breakout. 📈💪
Once the wedge breakout happens, we can expect some good bounce.
In the 4D time frame chart, we are getting extremely close to a massive, volatile move soon!
Stay tuned
Bitcoin to 52K by August 2024I understand that my prediction may seem bold. However, I have meticulously conducted a comprehensive analysis that I urge you to review in detail, which should instill confidence in the validity of my prediction.
Background:
1. The BTC weekly chart is squared. The price-time ratio is 859.
2. Gan Angles: The central Gann angles are the 1/2 (63), 1/1 (45), and the 2/1 (27). These angles correspond to Fibonacci ratios as well.
3. From a Gann methodology perspective, dividing the chart into four angles with 11 degree spacing is wrong. However, Gann angles are a methodology, not a theology. I don’t consider myself a disciple but a practitioner. I'll use it if it corresponds to the chart's PA.
4. From a Wyckoff perspective, it is evident that Bitcoin is in an accumulation/ distribution schematic. I was leaning towards reaccumulation. I considered the deviation below the range low as a spring action and expected a breakout. Bitcoin failed to break above 72K on May 20th and 21st and between June 5th and 7th. The final step in a distribution schematic is a missing UTAD. From a Wyckoff perspective, an Upthrust after Distribution could have provided us with clarity. It is what it is. If Bitcoin drops below the range-low, we will have all the confirmation we need.
5. Market Structure. From a market structure perspective, a downtrend has not yet been confirmed. The volatility inside the range makes it difficult to see the forest from the trees. I will zoom out, use the weekly chart, and disregard the wicks to solve this issue. We need to see a weekly close below 61.4K on the weekly chart, followed by a HL, preferably below 61.4K.
Conclusion: There are some indications of a top. However, a top will not be confirmed until Bitcoin drops below the range-low and is retested as resistance.
From a trader’s perspective, I have enough data to reduce exposure to spot BTC and initiate short positions, which I will increase in size after confirmation.
Analysis:
To gain clarity, I employed Gann angles and Fibonacci circles. The advantage of using circles and angles is that they provide a timeframe for the price to achieve a particular milestone, unlike financial astrology, which is difficult to understand and sometimes inconclusive. Every trader can easily visualize lines and circles on a price chart.
I already addressed the squaring of the chart and my choice of angles in the background section. As for the circles, I used the Fibonacci circle tool, pulled from the cycle high to cycle low.
Because of my unconventional use of angles, I drew the “classic” Gan Angles, the 64, 45, 27, and 15 degrees in white. The subdivision of the 45-degree triangle is in yellow.
For horizontal Targets, I used a Fibonacci retracement. You can use a division by eights if it suits you better.
Conclusion:
Bitcoin will likely reach a price target of between 52K and 45K. Possibly as early as August 5th.
Invalidation:
A breakout above 74K and a S/R flip of 74K. If this occurs, the target is 89K.
Bitcoin can touch $67,000 SoonBitcoin is moving in a Heavy Support zone($65,730_$64,240) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in forming a Leading Diagonal .
Also, we can see the Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise to at least $67,000 after breaking the upper line of the Leading Diagonal.
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.
#BTC bullish head and shoulders structure established📊#BTC bullish head and shoulders structure established✔️
🧠 From a structural perspective, successfully constructing a bullish head and shoulders structure near the buy zone means that we have the possibility of reversing the downward trend. But we are also approaching the resistance zone, so only by successfully breaking through the turning point 67280 can we maintain an optimistic attitude.
⚙️If you hold long orders, you should lock in the main profit before looking forward to more, and don’t forget to set risk-free or move the stop loss up to the right shoulder of 64600
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
Bitcoin Analysis==>> FallingBitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊.
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 .
In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign ).
Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks .
I expect Bitcoin to continue falling at least to My targets .
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 Potential Bullish Head and Shoulders Structure📊#BTC Potential Bullish Head and Shoulders Structure⚠️
🧠 The rebound has occurred. If you participated in long trading yesterday, the stop loss can be moved up to the long defense point, because a break here means we will go to a lower place.
➡️From a structural perspective, if a bullish head and shoulders structure can be constructed near the buy zone, then we have the potential to reverse the downward trend. Only by successfully breaking through the inflection point of 67280 can we maintain an optimistic attitude.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
#BTC has reached the buying zone, don’t chase short📊#BTC has reached the buying zone, don’t chase short⚠️
🧠 From a structural perspective, the goal of the short structure has been achieved, so there is an expectation of a rebound. However, given that the overall trend is a short trend, we can only remain patient and wait for a long structure to be successfully constructed before participating in long transactions.
➡️If we can successfully break through the resistance zone, it means that the mid-term rebound has begun. 📈
➡️If we continue to choose to fall and fall below the support zone, then the support will turn into a resistance zone. After rebounding to the resistance zone, we can look for short-selling opportunities, and then look forward to the realization of the non-contradictory buying zone. 📉
🔔Trading at this stage is difficult, so try to trade conservatively. Our long order yesterday was eventually swept away after locking in the main profit, so even with good expectations, risk management cannot be forgotten! ! ! ⚠️
✔️Trade Security✔️
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BINANCE:BTCUSDT.P
Bitcoin is Ready to Attack the Heavy Support zone!!!Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) .
I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
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 is in the support zone, don’t chase shorts📊#BTC is in the support zone, don’t chase shorts⚠️
🧠From a structural perspective, we are still in a bearish trend, because the ideal target area of the short structure has not yet been realized. But it is not recommended to chase short here, because we are currently in the support zone. Even if it continues to fall, there is still a lot of support below, so even if we want to go short, we hope to see a rebound before considering it.
⚙️In view of the expectation of rebound and to avoid a sharp retracement of profits, we closed the short order placed on the 12th. If there is no rebound, then we will look for new opportunities again. 💰🍻
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
🤜If you like my analysis, please like 💖 and share 💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:BTCUSDT.P
Bitcoin Roadmap==>>FallingBitcoin is breaking the Important Support line .
According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
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 sitting on a thread! This is what you need to know!#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand.
We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation.
If BTC holds above the 50-day MA, a push towards $71,000 is on the cards. Eyes on the breakout or breakdown.
Enjoy your weekend.
I'll be here if anything important comes up.
Have a great time!
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#PEACE
BTCUSDT at daily support, likely to bounce to at least 70.5kHere is a new trade idea. The price pushed up after bouncing from weekly support and headed towards daily resistance DR1. The price however got stopped at DR1 and got pushed down immediately from there. On this drop it hit the daily support DS1 from where a bounce was likely. We already see that bounce going on. Therefore, a long from this daily support zone is favorable as the price is likely to head towards daily resistance DR1 again. Since the price has already bounced from the support, I have a small position size at the moment and I would add to my long when the price revisits this support zone again. The price has a probability to go beyond that daily resistance DR1 and aim towards weekly resistance WR1. But lets focus first on the first part.