🔥BTC price $1mnl+ when the dream of many will come trueWe continue a series of global ideas on the BTCUSDT chart
This week, buyers managed to hold the critical zone of 27000-27400$ and, accordingly, growth according to the blue scenario in the idea:
BTCUSDT is now reaching a critical level around $31000.
If they try to go higher, then next week, may begin to grow in the region of 40000-41000$ like says the yellow fractal
If the price fails to break above 31000$, then we will see a correction to the $24,000 area according to the green fractal.
Next week, 03.05.2023, the FOMC meeting and the announcement of the new Fed rate. This event will definitely add fuel to the fire.
At the end of last year, we published an idea where we demonstrated our thoughts and calculations on when the crypto market could peak
Today, we've "played" around with the Gunn box and possible price movement fractals.
The Gann Box is stretched from Dec. 2018 low to the probable high in October 2025.
Skeptics will say that this is a bit "pulled by the ears", but the proportions of the Gann box on the global chart show us trend turning points and the beginnings of a strong movement.
You can personally explore this tool, sometimes it can surprise and impress.
The green fractal shows that over the next six months, a long process of capital transfer from Bitcoin to altcoins may take place.
During this period, some altcoins can shoot up quite a bit, let's call this period a mini-alt-season.
Then in October, the price of BTC can shoot up from 30 thousand dollars to 51 thousand dollars
Then a must-have occurs before every "BTC halving" - a sharp correction.
After "BTC halving" will start a stable and long-term growth trend.
The growth of the BTCUSD price to 275-300 thousand dollars in two years will be a blessing)
What if we witness a miracle and the BTC price crosses the 1million $ mark?
What do you think? Share your thoughts and charts in the comments below the idea
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BTCUSDTPERP
BTC THIS INCREASE CAN END INTO CRASH .. WORLD ECONOMY = REASONWill this ETF not-confirmed hype make the BTC price increase, or is this just a short hype that will end in a Crash of BTC?
We have seen before how whales are able to make a freefall after a trend increase and break down the trend in profits. more from Asian whale trends and usdt whales. All crashes did start from fake increase action.
For day trader there should be no care if the price of BTC increase or not as day traders depend on every side.
This is just a view of what can happen after this BTC increase.
We think the last one, depending on a technical view there is no reason in this world trends that the hold BTC has a building trend as there is a high chance the economy going to break down.
This increase can be the reason for the next BTC crash. also if BTC increases further there can be a moment that BTC will get a free fall, since the economy of the moment is very risky.
This is not trading advice, do always your studies and manage the risk.
BTC - HTF View (Boring Chop Scenario)In my last BTC idea a month ago, i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't. I wasn't sure what to expect to the upside but things look clearer now.
I shared an up only scenario as well, but this type of play is my ideal scenario since we stopped that insane pump.
The idea is mostly shaped around Elliot Wave and Volume analysis. It'll be too messy to show every other confluence on the chart, but to the upside we have HTF FVGs, OBs and potential Harmonic pivots. to the downside the Yearly VWAP is my main area of interest to hold on weekly/monthly timeframe.
Everyone sees this pattern on BTC chart, but will it work out ?Today, we're going to look at several scenarios for possible Bitcoin price movements.
Let's start with the fact that our previous trade for BTCUSDT hit the breakeven stop yesterday. Although this trade showed +7.5% at its maximum and 2.5% to take profit, we recorded a +0.7% result. We hope that someone else managed to make better use of this trade and record a higher profit.
The triggering of a stop order makes it necessary to analyze the chart on a larger time frame and consider various possible scenarios in the future.
Head and shoulders is a global trend reversal pattern.
Probably, most people looking at the BTCUSDT chart now will be able to see something similar to the probability of H&S formation.
However, there is an important note: the final confirmation of this pattern will come only after the price of BTCUSDT breaks through and fixes below the "neck of the pattern", i.e. below $24600-25300. Therefore, it is very important to wait for the confirmation of this pattern.
Here's an example from 2020 when the same pattern was drawn twice, once it deceived, and the second time it worked:
And it is very likely that the first time, novice traders did not wait for the pattern to be confirmed and open short position above the neckline and suffered a loss on the upside. And the second time, they suffered a loss by taking longs, because they thought that the pattern didn't work at all, as it had already happened a few weeks earlier, and the pattern worked out well after confirmation.
As the BTC price drops, we will analyze the market situation at the moment and look for a range to enter longs. At the moment, this range starts from $25300 (if buyers do not allow the low to be updated) to $24600 (if sellers manage to break the stops that are hidden behind the two previous neckline lows).
So, if you like the way we think, comment on this idea, like and subscribe to us. And you will receive a notification from Tradingview that we have updated this idea and published a "fresh" trade .
If the price of BTCUSDT does consolidate below $25000, then there is a good chance that the pattern will work out. The target for this pattern is around $19700. But for now, at least for us, this is too obvious an option that everyone can see. But unfortunately or fortunately, "everyone" cannot make money in the market, can they?)
BTCUSDT, We should be ready for droppingHello guys
We're back after 2 years , we are glad to see you again and can talk to each of you
Let's go to analysis the situation of Bitcoin at now.
According to the chart you can see we are in correction up trend and now we have 2 reason that the price can drop from the red box that we shown on chart :
1.The price is going to pull back to the trendline that was broken and after that it can ready to drop
2.If you look at the uptrend movement you can see we have a pattern that is head & shoulders , the body was made and now after left shoulder and head was made , its turn to complete the right shoulders and after that it can drop from their site.
The point that we should attention is, if the price can go up and break the 32K with power and can settle in 32k area we can say this scenario is failed and we should analysis again the price situation.
If you have any question just share it with us
Good Luck
📊#BTC breaks the short structure, what will happen next❓➡️We broke the double-top short defense point and the short defense point this morning. The short structure was destroyed, and there is a high probability that the long position will continue in the future.📈
🧠Since most people are targeting the resistance zone, heavy reductions in holdings will cause the rally to lose some of its momentum, so a healthy pullback could occur.📉
➡️If we can form a new long structure near the buying zone, then this will be the best entry opportunity.⚙️
Let's see👀
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The key is whether it can receive support at 29850.45 and riseHello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(BTCUSDT chart)
(1M charts)
As it rises above 28465.36, the volume profile section, expectations for further increases are increasing.
However, since a box section is formed between 32917.17 and 59053.55, it is expected that more strength will be needed to lead to a further rise.
(1W chart)
I think it needs to fall below 21258.0-23174.39 or rise above 29241.72-30767.38 to enter a period of great volatility.
Accordingly, the key is whether the price can be maintained by rising above the 29241.72-30767.38 range.
Given the current movement, it is becoming important whether the price can be sustained by breaking above the downtrend line (2).
If it does not rise above the downtrend line (2), it means that it is being resisted in the 29241.72-30767.38 range, so there is a possibility of forming a high point.
When a new candle is created, you should check whether the StochRSI Histogram indicator turns bullish.
If the Histogram indicator shows weakness even though the price is rising, it may mean that a high point is being created.
If the price rises and holds above 29241.72-30767.38, I think a period of great volatility has begun.
Therefore, I think there is a possibility that it will rise up to around 46431.5.
However, it is important whether it can break upward around 38531.9.
therefore,
1st: 38531.9
2nd: 46431.5
There is a high possibility that the area around the first and second levels above will form a resistance zone.
(1D chart)
The price is showing signs of maintaining the price by rising to the box range of 29850.45-31804.20.
Accordingly, the key is whether it can break upward to the point where the downtrend line (2) and the uptrend line on the 1W chart intersect, that is, the area where the finger is pointing.
If the price rises above 30495.92-30766.51, which is the middle section of the box section, and maintains the price, it is expected to lead to an attempt to rise above 31804.20.
If it fails to rise above the downtrend line (2) and falls below 29850.45, you should check for support around 28797.10.
At this time, if the price remains near the MS-Signal indicator, it is likely to maintain an upward trend.
However, even if it temporarily plunges, if it shows support around the rising trend line (1), it is expected to maintain an upward trend.
(4h chart)
Accordingly, you should check whether the price remains above the downward trend line (2) even after the time indicated on the chart.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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BTC may decline through a double top structure⚠️callback risks⚠️➡️Although our overall structure is bullish, we have formed a double-top short structure in the upper resistance zone, so we must be alert to the occurrence of phased adjustments. If your entry position is not ideal, it is recommended to reduce your holdings or move SL to the break-even position.⚙️
⚠️Note that if we continue to break through the double top short defense point, the short structure will be destroyed and the decline will lose momentum.
Let's see👀
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The key is whether you can receive support from 28142.85-28465.3Hello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising above 28465.36.
(1W chart)
With this rise, the StochRSI indicator entered the overbought zone.
Accordingly, I think it has become important to determine at which point or section one receives support or resistance when exiting the overbought zone.
If the price rises and holds above the 29241.72-30767.38 range, a period of great volatility is expected to begin.
Conversely, if the price falls below 21258.0-23174.39 and holds, then a period of great volatility is expected to begin.
If a period of great volatility appears in an upward trend, it is expected to rise to around 46431.5.
However, there is a possibility of resistance around 38531.90, so caution is required at this time.
In any case, if large volatility appears in an upward trend, a test of the support zone will eventually occur.
Accordingly, I think there is a high possibility that a pull back pattern will emerge.
When this pull back pattern occurs, it is expected to be important to maintain the price above 29241.72-30767.38.
Conversely, if it falls below 21258.0-23174.39, I will let you know if there is any movement.
(1D chart)
As it rose above 28142.85, there was a movement away from the 25131.48-28142.85 range, which is the box range formed by the HA-Low indicator.
Accordingly, if the price remains above 28142.85 after October 20th, it is expected to lead to a further rise.
However, if the upward trend continues, the HA-High indicator is expected to decline and be created.
If a new HA-High indicator is created, the key is whether it can be supported and rise from that point.
Accordingly, the 28797.1 point is expected to be an important support and resistance point.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because BTC fair value gaps are unfilled in a 4-hour time frame.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
The Rectangle box is an Order block for trading.
The blue line is high and low of the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
₿itcoin will go ✈️UP✈️ by Falling Wedge Pattern⏰(15_Min)⚠️Yesterday, after the news of the approval of the Bitcoin ETF was confirmed to be Fake , Bitcoin fell again after breaking the🔴 Resistance zone($28,450-$28,000 )🔴.
🔄Currently, the 🔴Resistance zone($28,450-$28,000)🔴 has become a 🟢Support zone($28,450-$28,000)🟢 in my analysis.
🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to rally to at least the ⬆️ Upper ⬆️🟡Price Reversal Zones(PRZ)🟡 after entering the ⬇️ Lower ⬇️ 🟡Price Reversal Zones(PRZ)🟡 and reacting to the Pitchfork and Fib channel lines .
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🌐➕ Positive News ➕🌐:
FTX customers could get $9 B shortfall claim payout by mid-2024.
The number of wallets holding between 100 and 1,000 Bitcoins has reached an all-time high this year.
Cathie Wood Says 'Hopes Are Rising' For Bitcoin ETF Approval By SEC
🌐➖ Negative News ➖🌐:
US Government Holds $5 B in Bitcoin: WSJ.
Bitcoin (BTC) Collapses 8% as BlackRock Denies ETF Approval Rumor.
Binance Will Stop Accepting New User Registrations in the UK Starting Today.
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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 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.
📊#BTC faces important resistance area, retreats cautiously⚠️➡️It seems that we finally chose to break through the resistance area and continue the rise (path 2), and the resistance area turned into a support area.
🧠Now we are faced with an important area of resistance at the bear's defensive point, and it will be easier to break through after recharging the momentum. If we successfully break through the short defensive point, we will challenge the previous high.
let us see👀
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🚀 $19217 could be the low before Bitcoin finally takes off! 🚀 🚀 $19217 could be the low before Bitcoin finally takes off! 🚀
Please read the following to understand the reason why.
🔍 Let's rewind to 2017: Bitcoin, at its peak, saw a significant drop from 20k to a seemingly daunting $3124.
Panic ensued, and the '1k charts' prophecy loomed. Many influencers are lost till today who were too stubborn to accept the reality!
💡 Here's the plot twist: Bitcoin didn't plunge to those depths. During the coronavirus dump in March 2020, Again, those nuts started calling for 1k charts dreading another nosedive.
However, the Corona dump's low was $3880, which is 24.2% higher than the previous low.
🤔 If, by some chance, Bitcoin experiences a similar setback, applying that same 24.2% increment logic, we could speculate that the potential low might stand at $192174.
🤔The same level aligns with the orange support trendline near to halving! (Look into the chart)
🚀As per fractals, the event could take place in the first quarter of 2024.
CONCLUSION:- A new low is highly unlikely but any Black Swan event or the last sweep before the mega rally could take BTC to $19217 which might happen to one last time to buy BTC below $20k!
What do you think about it?
Do you think BTC could make a new low?
I'll make sure to keep this chart up to date. Please consider bookmarking it, and if you find this data helpful, remember to share it.
#BTC #BitcoinETF
Bitcoin Halving : What Investors Need to Knowwhat is Bitcoin Halving?
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in April 2024.
Chart Overview: The chart above illustrates how the price of Bitcoin moved before and after halving.
Before the 500 days leading up to halving, the Bitcoin price began to rise slowly. After the halving, the price of Bitcoin experienced a significant increase, a pattern that has repeated in the past three halvings. We anticipate a similar price movement in the 4th Bitcoin halving. Until the 4th Bitcoin halving, which is expected on April 14, 2024, we expect Bitcoin's price to continue its gradual ascent. After the halving, we anticipate a strong upward movement in Bitcoin, potentially reaching the $200,000 level.
Thanks,
Hexa
📊#BTC may fall by rising wedge📉🧠We mentioned earlier that the target area of the smiley face structure has been achieved, then a healthy pullback is necessary, so I prefer path 1 to occur, combined with the chart of smaller periods we found the rising wedge structure (generally through this structure model down).📉
⚠️Note that because the overall structure belongs to the bulls, so do not expect too much, the necessary risk management do not forget.✔️💯
Let's see👀
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BTCUSDT daily to close red but above 27200 for bullish outlookThe price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a daily around or just above it, it will be very bullish and the next day/s is/are going to be greener.
📊#BTC faces important resistance zone, what will happen next❓➡️As I mentioned in the last post, the target area of the smiley face structure has been achieved, so there is a high probability that adjustments will occur next. Because we are near a very heavy resistance zone, a healthy correction is necessary if we want to continue the rally. (Path 1)
➡️If it breaks through the resistance zone directly and stabilizes, it will strongly continue the bull rally. (Path 2)
Which path are you looking forward to❓ Feel free to leave a comment in the comments section.
🔔If you think my analysis is useful to you, please don't forget to "like" me.✔️💯💪🍻
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✈️Bitcoin Will Go Up again✈️🔨Bitcoin seems to be breaking the Ascending Channel and 🟢 Support zone($27,580-$27,300) 🟢.
🌊According to Elliott's wave theory , Bitcoin has completed a Zigzag correction(ABC/5-3-5) in the ascending channel, but we have to wait for the next moves to confirm the end of the main wave B .
💡Also, the RSI indicator managed to break the Uptrend line and is currently moving near the 50% line ; I expect the RSI indicator to pull back to the Uptrend line .👇
🔔I expect Bitcoin to at least decline to the next 🟢 Support zone($26,880-$26,500) 🟢 and then rise again and touch the minimum Resistance line again.
Bitcoin Analyze ( BTCUSDT ), Daily 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 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 Mid-Term Analysis📊👋Hi everyone.
📈Today, I decided to analyze Bitcoin almost completely on a weekly time frame with the help of technical analysis tools to give you a good view for the mid-term .
✅After rising almost ➕15% for the past four weeks , Bitcoin has started to decline again (as I expected in previous posts ✅).
☠️One of the reasons for Bitcoin's fall again in terms of technical analysis was the Death Cross Signal .
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
🌊According to Elliott's wave theory , Bitcoin completed its 5-impulse wave at $31,800 and is currently completing corrective waves. It is better to know that because the main wave A has 5 microwaves, the structure of the corrective pattern should be in the form of a Zigzag correction(ABC/5-3-5) .
🌊It seems that the main wave B has also ended, but to confirm this, we have to wait for the break of the Support line and the 🟢Support zone($26,880-$26,500)🟢 .
🌊After confirmation of the end of the main wave B , I expect the main wave C to finish in the 🟢Heavy Support zone($25,280-$23,900)🟢 or one of the 🟡Price Reversal Zones(PRZs)🟡 , in terms of timing, the end of the main wave C could be in one of the ⚫️ Time Reversal Zones(TRZs) ⚫️.
❗️ Note ❗️: The price and time of the end of the main wave C depends on the fundamental conditions of the cryptocurrency market and other parameters ( 💲Interest rate💲_⚔️War⚔️_🐳Behavior of whales🐳_🔄On-chain Data🔄_etc. )
🔔I expect Bitcoin to rise to at least the previous high($31,800) after the correction waves are completed.
🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚educational📚 aspect for you.
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I would be happy to share your opinion about Bitcoin for the mid and even long-term below this post.
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Bitcoin Analyze ( BTCUSDT ), Weekly 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 likely to bounce from 4h support towards 28536Here is a long idea for BTCUSDT. The price has been trending down after the peak it has made. The price bounced from hourly support but got rejected from 4h resistance 4HR1. It seems that the price is heading to the next support which is 4h support 4HS1. This support shall provide bounce for a long trade and therefore a long trade is favorable from there. The target of this long trade should be the 4h resistance 4HR1 which is sitting around 28536.
BTCUSDT accumulating for big move upto 29336The price is consolidating around the daily support. The price tapped that liquidity zone thrice and still trading above it. This is indeed an accumulcation for a upward move. The volume is low and still price not able to move down. This clearly indicates that it is accumulation and the price is due to move up. I think soon we will continuation of upward move which will last longer than any occassional spurt to the upside we have seen recently. So I see a long to be favorable for a long term position from this level. For short term trade, the idea is to aim for the daily resistance WR1 around 29336.