BTC Upside and Downside ScenariosThe Positives:
Bitcoin is moving in a triangle formation, which is a continuation pattern.
Bitcoin is also above the 21D.
The challenges:
1. Bitcoin is at the triangle's resistance, and the yellow Gann angle also acts as resistance.
Possible Outcomes:
1. Bullish breakout. A breach of the 70K level opens the door to price appreciation, possibly as high as 82K.
2. Rejection. If Bitcoin is rejected at resistance, the immediate support levels are:
a. 67.9 – 21D EMA
b. 66K – triangle support.
c. 63.7K – 50D EMA.
d. 60.5K – Orange Gann Angle.
Additional considerations:
The following factors may influence the market participant’s behavior:
a. Mercury is retrograde — Price volatility and overall erratic behavior, especially related to news announcements and communication malfunctions. The retrograde period ends on April 25th.
b. Solar Eclipse – A solar eclipse is not necessarily a “bad omen.” However, it could influence the price. Call it a self-fulfilling prophecy.
c. Mars-Saturn conjunction may exert selling pressure.
Conclusion:
The weekly and daily TFs confirm we are at an uptrend. I am looking for long trades. Whatever happens, let the chart show you the way. If God blesses us with a dip, consider it an opportunity.
BTCUSDTPERP
BTC Big triangleAfter BTC reach bearish target at por previous analysis, BTC go down a little more to to perform a big triangle pattern.
if this triangle support able to hold bearish, next bullish target at triangle resistance at 70.763
But if this pattern broken down,.. I will make a new analysis.
Good luck
📊#BTC next structural evolution☕️🤷♂️There was not much trading volume over the weekend, and it was in a complex consolidation phase recently, so the entire market did not change much.
🧠Based on the previous analysis posts of different cycles, the structures we can most likely build here are the cup-handle structure and the ascending triangle structure.
➡️If it is a cup-and-handle structure, then we will soon see an upward breakthrough, and the step back after the breakthrough is our entry opportunity.
➡️If it is an ascending triangle structure, then we still need to wait for a period of time, waiting for the price to be compressed to the smallest possible space before it starts to explode. When it breaks through the upper edge of the ascending triangle, it is our entry opportunity.
⚠️Note that if the price falls below the bull defense point, it means that the probability of a sharp adjustment increases, and the most pessimistic scenario may occur.
☕️Which scenario would you most like to see happen? Please leave your views in the comment section.👇
Cryptolean Bitcoin BTC UpdateDaily Chart
Bitcoin price is trading in the daily range zone between $65,400-$70,838 and forming a corrective structure (most likely, a triangle), before another bullish extension.
The daily candle closure and a sustained price action above $70,838 or, even better, above $71,604 will push Bitcoin price towards $77,250 and, possibly, higher to $82,890, the new ATH.
However, on the way to the key resistance around $77,250, BTC will have to deal with a minor resistance at $73,761.
Below $65,400, the key daily support, BTC will decline towards $62,450 support, and lower to $58,990.
Support once read.
Thank you!
⚠️Bitcoin is Ready to Go Down again by Wedge Pattern⚠️🏃♂️ Bitcoin is moving near the 🔴 Resistance zone($69,000-$67,800) 🔴.
🌊According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
📈The Classic Ascending Broadening Wedge Pattern is also visible in the chart.
🔔I expect Bitcoin to fall to at least near the Support line after breaking the lower line of the Ascending Broadening Wedge Pattern .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($69,000-$67,800) 🔴, the scenario can be bullish, and Bitcoin will go to a new All-Time High(ATH).
❗️⚠️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 has a chance to form a cup-handle structure📈🧠It's a pity that we didn't continue the momentum of the double bottom bull structure. And it fell below the support zone, and the support zone turned into a resistance zone again. Since our monthly closing price closed above neckline 2, the probability of us continuing to rise is still very high, so we can still be bullish.📈
➡️Therefore, if the price returns to the uptrend support line again and forms a good rebound, we can build a large cup-and-handle bullish structure from here. Using this structure as support and starting to rise, we should be able to easily break through the upper resistance zone.💪
⚠️Note that this view will be invalidated if the price falls below the bull defense point.
Let's see👀
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BTC is showing Bullish Pennant Pattern in the 1D time frameBINANCE:BTCUSDT.P
BTC is showing Bullish Pennant Pattern in the 1D time frame and the price may increase between 71k and 73k if support is found from the underlying trendline. brake the trendline below, price can down between 61k and 60k!🌈🍀
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
BTC/USDT UPDATE Bitcoin's recent price action has seen it fill the CME gap, suggesting that selling at current levels may not be the most strategic move. Instead, this zone is now viewed as a buying opportunity. I anticipate that Bitcoin will reach 76k in the coming days. There are two likely scenarios: the first involves a direct bounce from the current zone, while the second entails a temporary drop below support to clear out panic sellers before resuming the upward trend to 76k. Personally, I favor the second scenario, as I believe Bitcoin will first induce traders to sell before initiating a strong bounce. Overall, my sentiment is bullish on Bitcoin's outlook.
🚨Bitcoin Analysis🚨✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times.
🏃♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line .
🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge Pattern is still Valid .
💡Bitcoin also seems to be completing a pullback to the lower line of the symmetrical triangle .
❗️⚠️Note⚠️❗️ : If Bitcoin can break the Resistance lines , we can expect a new All-Time High(ATH) for Bitcoin.
❗️⚠️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.
BTCUSD Bullish channel up vs triangle consolidationWe can see that BTC perform 2 pattern :
BULLISH CHANNEL UP
This pattern still perform but cannnot break triangle resistance.
to make sure bullish, $71.472 must break up and if we have it, next bullish target at any price at channel up resistance
but before this pattern broken down, we still have one classic support and resistance around fibonacci 0.382
$68.544 will hold bearish.
TRIANGLE PATTERN
This is neutral pattern, target depend on breakout direction.
If this pattern broken down, bearish target around fibonacci 2nd support level at $66.169
I will monitoring this analysis, and update as soon as possible if we have a break out
dont forget to support this analysis to get a quick notification for it.
Bitcoin Breakout TradeSince making an ATH on March 14th, Bitcoin has been in a correction.
Following the March 20th bottom, Bitcoin is making HHs and HLs.
I have my reservations about the PA. However, the price is what matters. We trade the chart. Not our opinions.
On the 4H chart, bitcoin forms an ascending triangle.
It tried to break above the 0.786 fib retracement at 71.1K four times.
Should the fifth attempt be successful, the target is 82K.
Wait for confirmation!
Trade Idea:
Entry: 71.1K
SL: 70.4K (micro s/r level)
TP: 74K, 82K.
R: R: 1:4 to first TP.
NFA.
What do you think? Please share in the comments.
Best wishes.
⚠️Bitcoin Can Dump By Rising Wedge Pattern⚠️🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡.
📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the possibility of forming a Double Top Pattern .
📈We can also look at the Market Cap USDT Dominance% (USDT.D%) chart for a better analysis of Bitcoin. Yesterday, I analyzed USDT.D% for you.
📈 USDT.D% has succeeded in breaking the upper line of the Falling wedge, and this is good news, which confirms the breaking of the lower line of the Rising Wedge Pattern in the Bitcoin chart.👇
📈Also, the Market Cap BTC Dominance% (BTC.D%) chart will also be bearish and can help the fall of Bitcoin.👇
🔔I expect Bitcoin will Go Down at least to the 🟢 Support zone($69,000-$67,800) 🟢, and if it breaks, we can expect BTC will go down to the Support line and Fibonacci cluster.
❗️⚠️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 bull structure intact📈🧠We started to rebound after completing the hourly correction, and there was a large divergence after reaching the stage resistance zone, so it is reasonable for us to fluctuate sideways here.
➡️And I also said in my previous post that after we completed the daily-level and weekly-level goals, there was no adjustment corresponding to the cycle, so we are expected to have a large-cycle adjustment here. If we want to do a large-scale Cyclical adjustment, then it is more reasonable to start from here. As for whether such an adjustment will occur, I don't know, and we don't need to guess. We can just use the trading plan to defend.
➡️If there is a major cycle adjustment, then we will look for buying opportunities in the buying zone of the corresponding cycle.
⚠️Before such an adjustment occurs, we should continue to maintain a bullish view, because the double bottom long structure here is intact, so if it continues to rise and breaks through the previous high, then we will obtain more profits. If we continue to adjust, we will not lose anything.
Let's be more patient☕️
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BTC 90K is not for away!We have entered the second quarter where markets will make sharp movements.
Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range.
After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
BTCUSDT heading towards daily resistance around 72000The price was pushed down by 4h resistance 4HR1 as we were expecting. The pullback happened and the price went below the 4HR1 zone. I believe we still have move to the upside left and soon the price will continue its upward journey towards next resistance 4HR2 and then very likely towards DR1. Now the question is if the price will start moving up from here or does it have some more downside move left. I think the price will not move down significantly. It might reverse from the current level or it can go to the level B marked on the chart in the best entry case scenario. I am scaling my position up between A and B level.
📊#BTC reaches target zone✔️💥I'm happy that the market developed as expected. We successfully broke out of the triangle and started pumping, and successfully reached the target area I was expecting. Congratulations to the friends who followed Wolf King to print money and made huge profits.🎉💰🎊
🧠From a structural point of view, if we want to achieve the ideal goal of a double bottom long structure, we need to continue to break through the previous high. If the breakthrough is successful, then we will start a new upward journey.🚀🌕
⚠️However, it is uncertain whether we can successfully break through, so we chose to lock in the main profit and use a small position to look forward to this possibility. At the same time, we chose to move our defensive point upwards and look forward to more without risk.☕️🙏🚀🌕
Let's see if we can successfully break through☕️👀
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BTC/USDT Update BTC/USDT:
The price of Bitcoin is currently attempting to break out of the trendline resistance for the 5th time. I believe that this time it will successfully break out and experience a significant upward movement. In the event of a fakeout, there is an alternative scenario where the price may retreat towards the 60-59k range before bouncing back up to 72k. Overall, my sentiment is bullish, and I anticipate the price reaching 72k in the coming days.
Please note that the above is not financial advice. Kindly conduct your research (DYOR) before making any investment decisions.
🚨Bitcoin Is Ready to Fall🚨🏃♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line .
🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances).
💡Another sign that we can point to Bitcoin correction is the formation of the Head and Shoulders Pattern .
🔔I expect Bitcoin to fall at least to my Pitchfork lines on the chart.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📊#BTC weekly level view👀We can also easily see that the overall trend direction is a bullish trend, so it will be smoother to follow the trend and go long.📈
🧠From a structural point of view, after we break through the historical high, it means that the monthly level long structure is established, so I think it is reasonable for us to continue to rise above 88,000$.
➡️After we complete the daily level target, there is the possibility of daily level adjustment. So there's a lot of divergence here, so we're entering a complex consolidation phase. If a new long structure can be constructed at this stage, then we will most likely continue to move higher and reach the weekly level target area.🚀🌕
Let's see👀
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BTCUSD symmetrical triangleAt one hour timeframe, $BITCOIN perform symmetrical triangle pattern.
This pattern are neutral pattern depend on the break direction.
If it break up, bullish target at $72,490.
$66,089 became bullish confitrmation level to make sure that bullish perform.
If this pattern break down, bearish target at $57,033
📊#BTC breaks out of triangle🚀🧠Because there is no trading volume in the weekend market, it generally moves more complicated. At present, the price is gradually squeezed and forms a triangle. Here we have signs of an upward breakthrough. If the turning point is successfully broken, then the long structure can be successfully constructed. There is a high probability that we will continue to move higher.🙏🚀🌕
Let's see👀
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