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BTCUSDTPERP

After the New ATH of Bitcoin, what should we expect (Reasons)❗️❓😱Today, a new All-Time High(ATH) was created in most of the exchanges . Perhaps the movement of Bitcoin last week surprised many people, and many did not expect Bitcoin to touch All-Time High(ATH) before the new Halving . But it was expected that Bitcoin would react near the previous All-Time High(ATH), and the same happened. There are many reasons why Bitcoin should be corrected ( Fear and Greed index, Open Interest value, etc.). 💡 Bitcoin has started to decline from the 🔴 Resistance zone($69,000_$65,000) 🔴 and has managed to break the Uptrend line . 🌊According to the theory of Elliot waves , the end of wave 5 was in the 🔴 Resistance zone($69,000_$65,000) 🔴 , and we should expect correction waves ; one sign of the beginning of correction waves is the breaking of the Uptrend line . Another sign is the Regular Divergence(RD-) between two Consecutive Peaks. 💡One of the other charts that can help us confirm the Bitcoin correction is the Market Cap USDT Dominance% (USDT.D%) chart. 💡 USDT.D% after breaking the Support line and the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 caused the cryptocurrency market to increase significantly in these weeks. 💡Currently, USDT.D% is in 🟡 Potential Reversal Zone(PRZ) 🟡and near Support lines and has also touched the 🎯Symmetric Triangle Target🎯 . I expect USDT.D% to rise to at least one Fibonacci level .👇 🔔I expect Bitcoin to start going down again after possibly playing around $61,500 for a while and at least down to the Support line and 🟡 Potential Reversal Zone(PRZ) 🟡. ❗️⚠️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.
Short
by pejman_zwin
22
Bitcoin - Probable Scenarios and SetupsPreface: On March 5th, 2024, Bitcoin made an ATH and proceeded to flash crash to 59K. Currently, it is not yet clear if the correction is over. There is also the question of Bitcoin’s upside and downside potential. I will describe and explain the most probable scenarios and offer trade setups for each scenario. Bitcoin ATH and consequent correction created a range. I will use this range to formulate a trading plan. My base case is that the uptrend is intact until the PA represents evidence to the contrary. Therefore, I am focused on looking for long positions. To Invalidate the bullish bias, the market structure has to break. Possibly like this: Scenario No. 1: Short Consolidation & Breakout. This scenario assumes that Bitcoin will consolidate at the upper 50% of the range and break out to the upside. The move up from the range low created a tentative demand zone. The proximal line is at 64,230. The distal line is at 62,850. This demand zone is not valid yet; however, I plan to use it because it overlaps with the mid-range. Possible Trade Setup: • Entry: 64,200 (proximal line & mid-range) • SL: 62,600 (below the distal line) • TP: 69K, 72K, 122K • R: R: 1:3.2 to first TP. Scenario No. 2: Reaccumulation. This Scenario Assumes that 69.3K was the BC. The correction to 59K was the AR. According to this scenario, we are in a reaccumulation range that will last some time, including a sideways range (building a cause), a spring event, and a breakout to the upside. Possible Trade Setup: • Entry: 59K (AR) • SL: 57.9K • TP: 69K, 72K, 122K • R: R: 1:6.8 Scenario No. 3: Direct Breakout. According to this scenario, Bitcoin will break out above the range-high and continue to 72K. According to my analysis, if the price enters the price discovery phase, 122K is my minimum expectation. Regardless, this scenario doesn’t offer a favorable R: R: if it doesn’t include a retest of the range high as support. I try not to trade on FOMO and hope. Yes, it’s possible long, but your position size has to reflect the risk you take. Consider using low-leverage and small position size if you take this trade. Possible Trade Setup: • Entry: 69K (range high retest) • SL: 67.9K (arbitrary). • TP: 72K, 122K • R: R: 1:3.3 Scenario No. 4: Bearish Rejection: In this scenario, Bitcoin tries to break above the ATH and gets rejected. This scenario is difficult to trade because it will be a replica of yesterday’s PA. It didn’t end well for the bears then, and many buyers are still sidelined, waiting for a dip. I don’t intend to trade Bitcoin short; regardless, a short trade has to present you with a clear and fast rejection from the range-high (UT). This rejection should not include a close above-the-range high. Ideally, a bearish engulfing candle will follow the rejection. Even if all these prerequisites will unfold, your first TP has to be at the mid-range. It's not an easy time for the bears. Possible Trade Setup: • Entry: 68K (rejection and back inside the range) • SL: 70K (above the rejection wick) • TP: 64K, 59K. • R: R: 1:2 Scenario No. 5: Bearish Breakdown: As I mentioned, I am focused on the upside until the PA presents evidence to the contrary. Should bitcoin break below the range low, my downside targets are 52K and 49K. These targets have the confluence of S/R levels and the Gann angles. I don’t plan to trade Bitcoin short unless it’s from the high range. NFA What do You think? Please share in the comments. Best Wishes.
by NewThoughtCrypto
2
📊#BTC witnesses history, have you survived❓💥The crypto wave reaches its peak as we break through all-time highs, and what follows is a huge dump. Some are happy, some are sad, and human nature is fully demonstrated in this trading market. Trading is not gambling. You must know how to respect the market and consider risks first and then profits, so risk management is essential.💯 🧠From the perspective of the weekly level structure, after breaking through the historical high, the cup-and-handle bullish structure was established, which means that the space above has been opened, and the future is still a bull market. However, after we reach the weekly level target, there is no There is an adjustment to the corresponding level, so I hope there will be a weekly level correction. The area between the two necklines is regarded as the best buying area and deserves attention.👀 ➡️From the perspective of wave theory, we may reach 135k-175k in the future🎯 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
by wolf_king888
1
📊#BTC breaks out again, can it successfully break through ATH❓🎊Glad the market developed as expected and congratulations to the winners who followed Wolf King’s perspective and participated.🎉🎉🎉 🧠We pumped according to the ascending triangle. If you go long based on this point of view, you can lock in profits or close the position in time. Because the target area of this bullish structure has been reached, I don’t know whether it can continue to rise and break through ATH. There is no need to guess, just stay patient. Of course, you can also choose to retain part of the position in anticipation of the possibility of a breakthrough. Just decide based on your own risk appetite.✔️ ➡️If the breakthrough is successful, I will look for long opportunities if there is a correction in the future. ➡️If the breakthrough fails and a short structure above the 1-hour level is formed, then I may change my bullish thinking. 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
📊#BTC may continue to rise based on the ascending triangle📈🧠We have been consolidating in the target area for about 4 days. Graphically, we have formed an ascending triangle. If we successfully break through the inflection point, then this bullish structure will be confirmed. If there is a pullback, it will be a suitable buying opportunity.👀 ⚠️Note that since we are within the daily level target zone, bullish calls need to be as conservative as possible. 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
Bitcoin Mega Bullish 58K InComing I see nothing between 43500-58k. Everyone Bearish right here. I will long the claim of 43500 targeting 57k. The more it holds the more things turning Bullish in timeframes. Clean Invalidation of this long idea is breaking below 41500. So I'll definitely try a long if price comes towards 42k else I'll wait for the 43500 retest. Clean and clear rejection from downside. Slight upside will push it in high liquidity and massive Level. Note: Not a Financial Advice.
Long
by ROBO416
8
📊#BTC may enter a complex consolidation phase⚠️➡️After we complete the daily level target, we are expected to have daily level adjustments, so we try to maintain a cautious attitude in the D1 zone. 🧠In the coming time, we are likely to consolidate here for a period of time. Complex consolidation means that the wear and tear will be more serious, so I will not continue to do long here. ➡️If there is a good short structure, I will pay attention to short-selling opportunities. If we choose to directly break through ATH, then I will look for long-selling opportunities after the pullback.👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
by wolf_king888
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰😱Bitcoin surprised everyone in the last two days ( without any correction ) and increased by more than ➕25% . One of the biggest drivers of Bitcoin to increase again was MicroStrategy . 🏃‍♂️Bitcoin is currently moving at the 🟡 Potential Reversal Zone(PRZ) ($65,120_$56,300) 🟡and the Resistance line (we also saw the 🐮 Bull Trap 🐮). 🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 5 . 💡In general, the distance between the Price of Bitcoin and the SMA(100) has increased, and the correction can probably continue until the SMA(100) . 🏃‍♂️ Market Cap BTC Dominance% (BTC.D%) has entered the 🟡 Potential Reversal Zone(PRZ) 🟡, and I expect a correction to the Support line .👇 🔔I expect Bitcoin to decline to the 🟢 Support zone($57,580-$56,320) 🟢 and then attack the Support line . ❗️⚠️Note⚠️❗️ : So far, Bitcoin has not touched its All-Time High(ATH) before halving. Can Bitcoin touch $69,000 before Halving ❗️❓ ❗️⚠️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.
Short
by pejman_zwin
18
What can we expect in the cryptocurrency market in 2024-2026Today we have a rather interesting article with a lot of food for thought Let's talk about the total capitalization of the crypto market. In 2021, when the BTC price peaked at $ 69K, the total capitalization of the crypto market was $3 trillion Yesterday, the BTCUSDT price touched $ 64K, almost reaching ATH, and the total capitalization of the crypto market is $2.25 trillion, which means that it is roughly speaking "behind" by 30%. This can only mean that altcoins are just beginning to "break out" and the real "Bull run" is still ahead. We have been in the cryptocurrency market since the end of 2016 and have "survived" many cycles in the market, and believe me, there will come a time when altcoins will shoot 30-50-100% per day in dozens, not just a few as it is now, and your eyes will run away in not understanding what to buy next, because everything is growing) Now we are just warming up. What can happen next? Further, the price of BTC can, for example, go into a broad consolidation in the range of $30-70k. The "small money" will say wow, consolidation with a corridor of 100+%, and the "big money" will meanwhile take Bitcoin from the "weak hands" on fluctuations and accumulate their reserves. Since the big money will not sell their BTC, they have a very effective tool to pump coins - buying altcoins in pairs with BTC. At this point, the price of altcoin/usdt will skyrocket exponentially. If we look at the chart of the total capitalization of the crypto market, you can clearly see one pattern: from the moment of BTC halving to the maximum value of the total capitalization of the crypto market, 183 3-day candles pass. That is, roughly speaking, a confident bull run in the crypto market has already lasted for 550 days twice. You might say that we can't compare these periods because big money is now entering the cryptocurrency market, and they will continue to drive the market. But most likely, you have not been in the crypto market for long and do not remember what the narratives were in the previous cycles: - In 2017, the market was mainly "rocked" by ICOs and pioneering venture capital funds entered the crypto market. If I'm not mistaken, ETH was sold at ICOs at either $0.30 or $0.50, and today it has reached $3500 - and this is probably the "most tenacious" project from this period. - The entire 2018-2019 Internet space was teeming with reports that Bakkt would enter the cryptocurrency market and revitalize the crypto market and push for ATH updates. But no!) The crypto market was revived only in 2020, and then at the expense of retail buyers, at the expense of cash payments to the population to combat Covid-19. By the way, check out the movie Dumb Money, which reflects the events of the time when retail buyers punished hedge funds that were shorting the growing market! As they say, you can't go against the masses) - Then in 2020-2021, there were the narratives of IEO, Defi, NFT, Elon Max with tokens and tweets that drove the market. There was something else, please add to the comments. - And now it's 2023 and a new growth cycle with the main narrative at the moment - BTC ETFs and the entry of large funds like BlackRock into the crypto market. By the way, at the end of 2022, we released the two ideas that this is probably the bottom and it is definitely worth buying: 1. How much can the Crypto market capitalization grow by 2025 at Nov. 2022 2. Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025 at 30.12.2022 Despite the mega rise in the price of BTC in 2024, Google trends suggest that the peak rush for search queries like in 2017 and 2021 is still very, very far away. We also have a personal gut feeling, comparing to previous periods, that "strong hands", as they like to call themselves, who have sat for 2 years with a mega deposit drawdown of -60-80% and are now selling their assets at entry points. And the "fresh and new money" is still "little" in the cryptocurrency market, perhaps it is already expensive? Also, it's been a long time since the market has been nightmarized by news like possible large sales of BTC: Silk road, which was confiscated by the United States, MT Gox payments, FTX payments, and so on. As they say, let's be careful!) If we believe the blue fractal that we have depicted on the idea's chart, the cryptocurrency market may soon begin to correct with a decline in the total capitalization of the crypto market. But not super deep, only -30% to $1.5-1.6 trillion . Moreover, this does not mean that the entire crypto market will fall "like a stone down." Alternatively, the price of BTC, which now accounts for more than half of the crypto market capitalization, may show the largest proportional correction. Meanwhile, altcoins will adjust quite adequately in price, and then may be sharply "pumped" by pouring BTC or ETH into them. Also, according to this fractal, this time the growth cycle may take longer than 550 days and last until the end of summer 2026. Well, write in the comments what you think will happen to the crypto market in the coming months? You can also put "like" the idea to subscribe to it and watch it develop together. And we will write our comments as the price moves.
CRYPTOCAP:TOTAL
by P_S_trade
22
📊Will #BTC break through ATH❓🧠Theoretically speaking, this possibility is already very high, because I also mentioned in my previous post that if we successfully break through the short defense point, it means that the short structure is destroyed and the bull market will come, which means that we There is a high probability that it will exceed ATH. ⚠️Note that this is a highly probable result, but we don’t know what the process is. ➡️Can it go directly to 69k❓ Yes, because there is no short position structure, any increase is reasonable. But I will not buy BTC in the range of 61k-64k. ➡️Will it enter the correction phase first before going to 69k❓ Yes, this is also the result I expect. I don’t know whether it will happen. We can only wait patiently. ➡️From a structural point of view, we directly broke through the D resistance zone and did not form a good short structure in this range, so we did not go short. Good opportunities require patience to find. We will not trade blindly just because we have expectations. 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
by wolf_king888
2
📊#BTC has achieved the daily level target zone✔️➡️The recent focus has been on ETH, so we did not buy again after giving up the BTC order last time. 🧠However, the expected target area has been successfully achieved. If you follow my point of view and buy, please remember to lock in profits or close the position in time. Congratulations to all the friends who followed Wolf King to print money. ➡️The realization of the macro-cycle target also means that macro-cycle level adjustments may occur. Therefore, it is not recommended to go long in the target area. If there is a good bearish structure, you can try to make some short orders.📉 ⚠️Also don’t forget risk management💯 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
2
📊#BTC will continue to rise based on smiley face structure📈🧠As the popularity of the crypto market increases, it seems to be very difficult to fall quickly. A sharp decline or rise requires a process, and also requires structure as a supporting force. Moreover, there are still bullish targets above that have not all been realized, so we are still bullish. The response was good when it hit the support zone during yesterday's decline, and a potential smiling face bullish structure was constructed here, so we have a probability of continuing to break through the previous high. 🚀 Let's see ⚠️Also don’t forget risk management💯 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
1
Bitcoin 500-Day journeys before each Halving🚌🚌🚌!!!🔹Bitcoin's number of 500-day journeys has been four since the data was posted on the chart. Although the information about the first journey is incomplete, I tried to complete the candles of the first journey by using valid charts. 🔸In general, Bitcoin's 500-day journeys start when Bitcoin has experienced a new All Time High(ATH) before Halving and then started to fall (around -80%) and has formed a price floor. The price floor can follow Fibonacci levels. 🔹Another sign for the start of the 500-day Bitcoin journey is the crossing of the 6-Simple Moving Average (6-SMA) above the 12-Simple Moving Average (12-SMA) (Buy signal). 🔸In general, this signal is seen 274 days before each Halving, so if we want to confirm✅ the start of the fourth journey of Bitcoin, we must wait for the see of the Buy signal by these two simple moving averages. Currently, these two moving averages are very close to each other, and the candle of April can be of great importance. But there is still time to reach 274 days before the 2024 Halving, so if history is to repeat itself again, we will have to wait until June to see this signal. ❗️ Note ❗️: Another point is that at no time in the history of Bitcoin the price of Bitcoin before the Halving has reached its previous ATH price, so we should NOT expect strange prices for Bitcoin at least until the 2024 Halving. Bitcoin Analyze ( BTCUSD ), Monthly 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 be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:BTCUSD
by pejman_zwin
11
Secrets of the 350-Daily Moving Average(350-DMA)🔮Hi, everyone👋. Today I want to tell you the secrets of 350-Daily Moving Average(350-DMA) in the monthly time frame. By reading this post, you might find an approximate target for Bitcoin before the 2024 Halving. First of all, I suggest you read the following two posts, and maybe our strategy puzzles will be completed before the 2024 Halving.🧩 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ 🔮 Secrets of the 350-Daily Moving Average(350-DMA): Between two consecutive Halvings, Bitcoin must go below 350-Daily Moving Average(350-DMA) once. The duration of Bitcoin under the 350-Daily Moving Average(350-DMA) is between 335-396 days (the movement between the two Halvings of 2022 and 2024 is very similar to the movement between the two Halvings of 2012 and 2016). After the monthly candle closes above the 350-Daily Moving Average(350-DMA), Bitcoin has never gone below 350-DMA again before the next Halving. After the monthly candle closes above the 350-Daily Moving Average(350-DMA), Bitcoin starts its growth for a new All Time High(ATH). Due to the similarity of the recent movement of Bitcoin to the movement of Bitcoin between the two Halvings of 2012 and 2016, if we use the Bar Pattern tool, Bitcoin can have a price of about $ 50,000 before the Halving of 2024 . 🎉 In the coming days, I will try to share other secrets with you, and maybe our puzzle will be completed soon. ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Bitcoin Analyze ( BTCUSD ), Monthly 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 be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:BTCUSD
by pejman_zwin
6
Gann Angles and Moon PhasesThis is me having fun. I do not claim to be an authority on Financial Astrology. First issue: Why is the price consolidating at this price range? I pulled a Gann Fan from the previous bear market low (3,156) to the November 2022 low (15,514). The 1/3 Gann angle is precisely at the current level of resistance. This fact has profound implications. Why? Because a failure at this junction can take the price to as low as 37K, which is the 1/2 angle. The flip side of this coin is that Bitcoin can break resistance and proceed to make an ATH. Is it likely? Not likely. Also, the Orange Angle seems more dominant, at least for now. What about the moon? The days after a full moon are supposed to be bullish, and the days after a new moon are bearish. Simplistic, I know. Let me suggest a possible scenario: Bitcoin breaks above the current consolidation range (Bull Flag) and makes it to 62K, which is the orange Gann angle resistance. After that, the new moon takes over, and we will begin the correction period, which will last until after the bitcoin halving (Buy the rumor; Sell the news). The yellow and orange Gann angles could provide support. 53K in the bullish scenario. 44K in the less bullish scenario. This is an exercise in free thinking and extrapolation. Please take it for what it is. Best Wishes
Long
by NewThoughtCrypto
2