BTCUSD after halvingHi, welcome to my analysis,
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance.
I will update this analysis if I find new keylevels.
Happy trading
BTCUSDTPERP
20 hours left in Bitcoin halving, what do you expect?#Bitcoin Update
Bitcoin's price dropped quickly when news broke of a potential conflict between Israel and Iran. It nearly reached a support level but then started recovering fast. This shows that the market is optimistic, but we're still stuck in a price range, so it's best to wait for a breakout.
If the price stays above this support level, we can expect a bounce upwards. However, if it breaks below this level, we might see the price drop toward $50,000.
Currently, the 100-day Simple Moving Average (SMA) is acting as support, and this blue line is strong support, which is around 50k.
20 hours left in Bitcoin halving, what do you expect?
I'll continue to provide updates, so stay tuned for more information.
#Crypto #BitcoinHalving CRYPTOCAP:BTC $BTCUS BINANCE:BTCUSDT
🗺️Bitcoin Roadmap🗺️⏰(15_minute time frame)⏰🏃♂️ Bitcoin is moving near Potential Reversal Zone and Support lines .
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing wave 5 .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔 I expect Bitcoin to reach at least the 🎯Target🎯 I 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.
Rebound at the bottom of BTC boxHi friends, nice to meet you. I brought you a bitcoin answer sheet that you're really curious about
It is moving in the BOX pattern and drawing a little BEARISH EXTENDED WAVE.
If it break through wave, It will break through the next fallow image's short-term RED downtrend line and the upper zone and will go to the recent high, which is the end of the box's upper.
📊#BTC next structural evolution ideas🧠➡️From a structural point of view, we have had a good rebound after completing the goal of the double top structure, and there is also an expectation of a rebound after sweeping the liquidity pool. Therefore, there is an opportunity to build a head and shoulders structure near the buy zone and continue the upward trend. Note that this structure is established after a successful breakout of the inflection point.✔️
➡️From a wave theory perspective, it appears that we still have Wave 5 to complete, and if this scenario occurs, focus on buying opportunities near the major support lines. Note that if the head and shoulders structure is established, then this scenario will most likely not happen.⚠️
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend .
🏃♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback .
🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 .
🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line .
❗️⚠️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.
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame .
🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢.
❗️⚠️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.
Bitcoin Is Ready to Fall⏰(1-hour time frame)⏰🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) .
📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Bitcoin to start falling after breaking the Support lines(weak) , at least until one of the Fibonacci lines .
💡To have a better view of Bitcoin , I suggest you look at the post below (4-hour time frame) .👇
❗️⚠️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 Distribution or Reaccumulation IIEverything I wrote in my previous TV idea still applies.
Understanding Bitcoin's reaccumulation schematic, which I believe is currently in play, can provide us with valuable insights and potentially profitable opportunities as it resolves to the upside.
However, there are a few factors to consider:
1. Assuming this is reaccumulation, will we see a sweep of the lows in a spring before continuation?
2. Bitcoin has made LHs, which could signal a change in trend. How do we counter that risk?
3. What are the most potent S/R levels? A breach of these levels, both up and down, will provide clarity.
Reaccumulation Scenario:
1. If Bitcoin is in reaccumulation, there are two options:
a. Direct Breakout: If the price exceeds the 21D EMA, the 50D EMA, and 67.2K, I will assume a direct breakout to the upside.
b. Spring Action: Failing to break above the 50D EMA will signal an impending spring action. In that case, I will look for a long trade if and when Bitcoin reclaims the range low.
Descending Triangle:
If Bitcoin continues to make LHs, I will consider this an Ascending Triangle. The possible target of such a pattern could be as low as 48K.
Do I think it is likely? No. However, it is best to be prepared.
What do you think?
Please share in the comments.
Best Wishes
📊#BTC short target achieved, be wary of rebound⚠️🧠Graphically, we started a decline after breaking below the lower edge of the rising wedge.
➡️From a structural point of view, we started to fall after building a double top structure near the resistance zone. At present, the goal of this structure has been achieved, and there is an expectation of rebound.📈
➡️From the perspective of wave theory, we have completed wave 3 and are moving towards wave 4. Wave 5 may occur, so the pullback may not be over yet, and the bullish call needs to be conservative! !⚠️
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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📊#BTC bull flag! How to respond❓🧠We are currently in a phased resistance zone. If you have a long order in the buy zone, you can lock in the main profit when the profit is sufficient, and then look forward to more in a low-risk way.
➡️If you don’t have any orders, it is not recommended that you chase the rise now because the profit-loss ratio is not good. Please be patient and wait for the buying opportunity when the price may return to the buying zone again.
➡️From the perspective of morphological structure, the probability of continuing to consolidate sideways here is relatively high, so be patient.☕️
✔️Trade safe✔️
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📊#BTC different cycles explained in detail🔥🧠 Judging from the monthly cycle , the overall trend is bullish, so we are mainly bullish. The ideal target can reach 134.8k-175.5k. The heaviest periodic resistance area in the near future is 87k-95k. The price will be more likely to make a major level adjustment when it reaches here. It is also the best short-selling area. If the development goes as expected, it is possible to make big money. Therefore, if you miss this area and want to go short, you should focus on short-term trading, and don’t be too greedy! ! !
➡️Because it is approaching the end of the month, if the monthly closing price is higher than the neckline of the monthly level, it will be regarded as an optimistic signal.
➡️If development goes as expected, structurally speaking, it may form the largest cup-and-handle structure ever built.
⚠️Notice! This is my prediction and conjecture. The specific market structure is based on actual development and is for reference only! ! !
From the daily level , if we continue to choose to consolidate sideways here, then we can easily find that this is a bull flag in terms of form. This means that we still need to stay in this area for a long time to digest the selling pressure here, and try to focus on conservative trading during the complex consolidation stage.
So when the price pulls back to the buying zone again, just buy boldly! If it falls below this buy zone, then just focus on the daily and weekly level buy zones.
From the 2-hour level , a cup-and-handle structure has formed here, so we chose to add positions near the neckline. It has successfully broken through the turning point, which means that the previous adjustment is over. If you buy according to the cup-handle structure as the entry logic, then the current price has reached the stage resistance zone, you can lock in the main profit, and use the profit position to look forward to more.
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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💕 Follow me so you don't miss out on any signals and analyze 💯
🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away.
💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening .
🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 .
🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I 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 will continue to rise according to the cup-handle structure🧠From a structural point of view, a classic cup-and-handle structure is formed here. We will continue to rise according to this structure. For phased resistance, we need to pay attention to the neckline at the monthly level.
➡️From the perspective of wave theory, breaking through the turning point (wave 4) means the end of the main downward wave, and the possibility of reversal will be further confirmed. All subsequent callbacks can be regarded as good long opportunities.
Let's see👀
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📊#BTC production reduction! Only the last hour left!🔔🧠Yesterday saw a strong rally and a break above the uptrend resistance line, which is a very bullish sign. Therefore, when the profit from the short orders we hold is sufficient, we will choose to reduce and close the positions.💰
➡️From the perspective of wave theory, we have broken through the turning point, which means that wave 5 is over.
➡️So if there is a good callback today, it will be an opportunity for us to enter the market and go long.📈
⚠️Note that we are very close to production cuts, so the fluctuations may be large, so don’t forget risk management.💯
Let's see👀
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📊#BTC rally probability increases📈🧠We did not continue downward after falling below the previous low, but instead experienced a strong rebound. From the perspective of wave theory, the cycle of the wave has changed, indicating that Wave 5 may have ended.
➡️From a graphical perspective, if you want to continue to fall, you need to form a descending triangle here, otherwise it will be difficult to fall further.
➡️So I think the possibility of a reversal from here is relatively high, because we are still consolidating in the buying zone. If we build a long structure here, we can try to go long.
Let's see👀
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Bitcoin – Reaccumulation or Distribution?Background:
1. Since February 2023, Bitcoin has been trading in a range. The range high is 73.8K, and the range low is 59.6 K.
2. In real time, It is difficult to determine whether the schematic in play is a reaccumulation or a distribution schematic. To answer this question conclusively, we must wait for the breakdown below or the breakout above the range.
Distribution Scenario:
3. If this is a distribution phase, Bitcoin will drop below the range and will not be able to reclaim it.
If this happens, I expect Bitcoin to find support at 53K and try to resume the uptrend from that level.
Reaccumulation Scenario:
4. In the event that Bitcoin is in a reaccumulation phase, we can anticipate two potential scenarios:
a. A temporary drop below the range to shake out the “weak hands.” In the Wyckoff terminology, it is called a “Spring.” Following the spring action, Bitcoin will reclaim the range and continue with an impulsive PA to the upside, culminating in a breakout above the range.
b. A touch of the range low, a ST. Or a resumption of the bullish trend to the upside from the current price level. This scenario is less likely because it should have materialized by now if this was the primary scenario.
However, if this is how it will play out, watch for the local resistance at 62.25K. A decisive break above 62.2K will signal that this is it.
If this is the end of the bull market, it will be the first time in history that Bitcoin has entered a bear market before the halving. This is not likely at all.
Best Wishes
BTCUSDT OUTLOOKThe $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East.
Here are some factors to consider:
1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
2. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market.
This is not Financial Advise!. It is important to do your own research before making any trading decisions.
BTC Short to 59600Hey guys, we have tested 64200 and turned back with sell power and small buy volume.
I think it was fake out and bull trap, i expected to see hard move down first to 61500, than one more leg down to 59600.
Its not financial recommendation, just my personal opinion , whats yours ideas guys?