📊#BTC reaches the phased target area✔️🧠From a structural point of view, we have broken the short defensive point, which means that the short structure is destroyed and we will continue the long trend with a high probability.📈
➡️However, there is heavy resistance where it is currently, so please be cautious in chasing the rise. If there is a good callback, it will be regarded as a good new entry opportunity.
⚠️Note that it can also continue to rise here. If we move relatively strongly and break through the resistance area, then the resistance area will transform into a support area, so we chose to lock in the main profit and only retain a small position to look forward to this possibility.
🎉At the same time, congratulations to the friends who followed Wolf King to print money.💰🍻
Don’t forget risk management💯
✔️Trade safe✔️
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BTCUSDTPERP
Bitcoin Fail in the ⚔️Third Attack⚔️ on the Resistance zone⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ).
🏃♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone).
🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves . ( If the 🔴Resistance zone🔴 breaks, the scenario will change again) .
🔔I expect Bitcoin to start going down after the completion of main wave B to complete main wave C and at least fall to the Support line .
❗️⚠️Note⚠️❗️: if Bitcoin can break the 🔴 Resistance zone($63,440-$62,690) 🔴, the scenario will be changed.
❗️⚠️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.
BTCUSDT long from 4h support 62.6k-63.0kThe price finally went deep into the 4h support 4HS1 and presented an ideal opportunity to go long. That is a good support zone and therefore I have taken this long. The price may head way beyond the target. But for now we keep that as a target of this trade and we will revavluate later to continue this trade further towards 4HR1 and 4HR2. Let me know what you think in the comments.
I'm going to break the "Bitcoin"Hello friends, nice to meet you. Here's an amazing Bitcoin chart perspective today
I always support your successful investment.
I hope you do well with safe risk management.
Go for it!
Lowering the highs, the wave is moving in a downward trend.
If you succeed in retesting after breaking the red downward trend line upward, you can think of it as open to 80.4K as a medium wave.
Here we go!!
Now we need to find a moment of rebound. We need to position ourselves in a position where we have good cost-effectiveness and profit-loss ratio so that we have a shorter loss range and a larger loss day.
At the current position, on an hour-long basis, I think the upward divergence is emerging, which is the first condition for a rebound.
The thing to watch out for in the upward divergence shown in the chart above is the push of the candle or the tail end of the candle
In terms of small waves, it showed a form of raising the low point, but if the retest is successful after breaking the blue short-term upward trend line and closing the bell due to the power of the current sell-off, it should be seen that it can reach 57K once again.
Summary:
■60810 The rebound must be achieved after overcoming the price to raise the low point in the sofa statue.
■1 hour-long RSI and upward divergence appeared.
■ If you succeed in retesting after breaking the red downward trend line of the 4-hour rod, it will be open to 80.4K on a medium wave basis.
Bonus Chart
The chart below is my most reliable long-term trend line.
If the adjustment deepens, it could go down to the blue thick upward trend line (56.2K to 56.4K)
Thank you :)
BTCUSDT at 4h resistance and likely to pullback towards 61kHere is a short trade idea setup. I have taken this short trade with very tight stop loss. along with small position size. The price has moved up since we closed our long. It has now reached a key resistance level which was the level from where the price dropped last time. Therefore, this level will present significant resistance here and it will cause the price to pullback here. It has now reached a key resistance level which was the level from where the price dropped last time. Therefore, this level will present significant resistance here and it will cause the price to pullback here.
📊#BTC has a chance to form a bullish head-shoulders📈🔥We currently have a nice rally again near the buy zone and support line, which is very reasonable.
🧠From a structural point of view, if we continue to rise strongly from here and successfully break through the turning point, it means that the bullish head and shoulders structure has been established, and any callbacks in the future are opportunities for us to re-engage in long transactions.
➡️From the perspective of wave theory, if we successfully break through wave 4, it means that this correction may have ended, and we will most likely continue the bullish trend.
Don’t forget risk management💯
✔️Trade safe✔️
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Bitcoin Price Analysis: Explosive Move Ahead!?Weekly Chart:
Yesterday, the weekly candle closed red, but indecisive, right on top of the support at $61,263, which is also the mid of the weekly range zone.
The wide weekly range zone between $54,758 and $67,769, highlighted to CRYPTOLEAN community a few months ago, is characterised by a slow and choppy price action and I have consistency said that a dip to below $67,769 will lead to a boring range-bound move.
This week should lead the bias from its current price location and Bitcoin can move in either direction from here.
Based on the technical closure of the last week candle that made a higher high and has to confirm higher low, Bitcoin is able push back toward the key resistance at $67,769, where the price action will be very important.
Daily Chart:
Bitcoin is trying to reclaim the key daily zone around $61,671.
A bullish candle closure above $61,671 or, even better, above the top of the zone around $61,671 (grey box) will confirm the lower low and push price towards $66,741, the key daily zone.
A price recovery to above $66,741 will push price of BTC towards $69,466 and higher to $72,715.
Below $61,671 zone, Bitcoin is bearish and sustained price action below this level results in a downward move towards $55,697.
Intraday Chart:
The intraday chart is moving agressively bullish and has already tested the key resistance zone around $63,349.
A bullish break-out of $63,349 or a re-test of $62,358 followed by a bullish rejection will lead to price moving towards $65,684.
A bearish break-out below $61,368 results in a dip towards $60,302 and lower to $59,031 zone, where the price action will be very important.
📊#BTC may form a wolf wave🐺🤷♂️Unfortunately, yesterday we did not continue the upward momentum but chose to continue the decline.📉
🧠From the perspective of wave theory, we have the opportunity to form a standard wolf wave, and wave 5 may end when it falls below the inflection point, so it is worth paying attention to the timing of the rebound here.
➡️From a structural point of view, we have continued the driving force of the double-top short structure, and the current price has returned to the green buying zone again. If we build an hourly-level long structure again in this area, this means that the decline may end, and reverse A turn may occur. Otherwise, you need to wait patiently for the turning point to fall below.☕️
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✔️Trade safe✔️
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📊What’s next for BTC❓🔥We made long orders near the buying zone yesterday. If the profit is enough, we can choose to reduce the holdings and set breakeven, and then expect more in a low-risk way. Congratulations to all the friends who followed Wolf King to print money.💰🍻
🧠Next, if we continue to rise strongly and successfully break through the short defense point of the double top structure, it means that the short-term downward expectations no longer exist, and we will most likely continue to rise and challenge PWH.🏹
➡️If we do not choose to continue to rise strongly but continue to fall, then according to the wave theory, we will most likely complete wave 5.
Don’t forget risk management💯
✔️Trade safe✔️
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BTC on the way UP
Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a strengthening trend. The chart also displays a "bull flag" formation, generally considered as a continuation of the upward trend after a brief consolidation period.
Additionally, the recent "cooling off" after the halving event (which cuts the reward for mining bitcoins in half) could be interpreted as an opportunity for accumulation before further growth. Considering these observations and a strong foundation for bullish sentiment, it is expected that the Bitcoin price could reach targets of $90,000 in the course of the year, and may rise to $135,000 to $160,000 per Bitcoin in a longer-term outlook.
BTCUSD support and resistanceBTC managed to break up the channel down pattern, but failed to penetrate resistance at level 64435
This level is a bullish confirmation level, which means bullishness will continue if 64K breaks up
Currently the consolidation is heading towards bearish with a maximum target at 60037, and there will be a pump if this level is touched this week
I will update this analysis if I find new patterns.
✈️Bitcoin is Ready to Go Up✈️🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines .
🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure.
💡We can consider corrective waves in the form of a pullback to the upper line of the descending channel .
📈According to Classical Technical Analysis , Bitcoin seems to have formed a Falling Wedge pattern . ( Of course, it is not very standard ).
🔔I expect Bitcoin to start rising from the 🟡 PRZ 🟡 and at least rise to the 🔴 Resistance zone($65,650-$64,200) 🔴.
❗️⚠️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 reaches the buying area✔️🧠We entered the correction phase after breaking above the downtrend resistance line, which turned into downtrend support line.
➡️The price is currently back within the buy zone marked on the chart and near the downtrend support line, so there is an expectation of a rebound, so please be cautious when shorting!⚠️
The next goal worthy of our attention is to challenge pwh⛳️
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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If you succeed in the "BTC" retest, it will go up to hereHi friends nice to meet you I will share BTC RBI
Bitcoin Is In Retesting After Breaking through Long-Term downtrend line.
If the retest succeeds, the final goal will be at the top of the box pattern.
Check the blue long-term upward trend line
If there is a little more adjustment, it will be a target value.
🚧Bitcoin Needs Correction🚧✅ Bitcoin moved as I expected in the previous post .
💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴.
🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈According to Classical Technical Analysis , Bitcoin can also form the Head and Shoulders Pattern .
🔔I expect Bitcoin to fall after breaking the Uptrend line , at least to the first 🎯 Target 🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($65,650-$64,200) 🔴, the scenario will be changed.
❗️⚠️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 BTC Intraday Trade Setup
Bitcoin lacks the momentum and is gathering liquidity around $63,245 that will continue to act as the magnet.
A quick dip to below $63,245 towards $63,244 or the zone around $60,239 followed by a strong bullish rejection can lead to a long scalp opportunity.
A consolidation above $63,245 will be considered as a sign of strength and will lead to more upside.
More details in the signature.
#BTC/USDT Urgent Update!#BTC closed around $62,800, defying CT's expectations for a drop to $52,000.
Now, we'll see if it can close above the blue moving average and confirm this whole move as a deviation, a pattern Bitcoin often follows.
Otherwise, the doors to GETTEX:52K remain open, with this current move possibly being just a retest.
So we wait, patience is key!
Keep an eye on the weekly close!
Have a wonderful weekend!
#Crypto #Bitcoin
Do share your views in the comments section and hit the like button if you like it.
It keeps us motivated!
Thank you
#PEACE
Bitcoin is Ready to ⚔️Attack⚔️ the Resistance zone🎉Hi guys, I hope that you have a great weekend .
💡Bitcoin failed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and 100_SMA(Daily) and created a 🐻 Bear Trap 🐻, one of the reasons for which was the release of the US employment rate .
🏃♂️ Bitcoin currently seems to have succeeded in breaking the upper line of the descending channe l and is moving in the 🔴 Resistance zone($65,650-$64,200) 🔴.
🔔I expect Bitcoin to rise at least to the upper 🔴 Resistance zone($65,650-$64,200) 🔴 and possibly to the 50_SMA(Daily) .
❗️⚠️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.
I can be bearish or bullish but right now, i am bearish I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
📊#BTC enters resistance zone⚠️➡️From the previous article I talked about the idea of the buy zone turning into a resistance zone and the idea of looking for shorting opportunities when the price comes near the downtrend resistance line.
🧠The price is now close to the area I described, so look for short signals here. If you hold long orders, you can reduce or close the position. Only after setting the risk-free position can you expect more.✔️
⚠️Note that if the price breaks through the inflection point, then the downward trend resistance line will end, and we will have the opportunity to break through PWH, which means that we will enter a more complex adjustment stage. Otherwise we will continue the downtrend until the weekly and daily level buy zones
⚠️Don’t forget risk management💯
✔️Trade safe✔️
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯