📊#BTC small double bottom broke the defensive point, pump?🧠We broke out of the short-term bear defense with a small double-bottom bullish structure. It means that we will continue the strength of the bulls.
If we continue to break through the bear defense, then we can form a large bottom bullish smiley face structure.😌
➡️Will we be far from the pump by then?🚀🌕
⚠️Note that we have now achieved the double bottom long structure target, alert to the risk of a pullback, and we have not yet broken the bear defense point, the positive bullish signal has not been determined, and now it is just increasing the possibility.💥
✔️Actively bullish also requires looking for the right entry opportunities, contact me, let us participate in the traps laid in advance🕳
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BTCUSDTPERP
🚀Bitcoin will go UP by Falling Wedge Pattern🚀⏰(1-Hour)⏰✅As I expected, Bitcoin fell to the 🟡 Price Reversal Zone(PRZ) 🟡 at the weekend.
💡Bitcoin has succeeded in forming a Falling Wedge Pattern .
💡Also, we can see a Regular Divergence(RD+) between two successive valleys .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed wave 5 in in 🟡 Price Reversal Zone(PRZ) 🟡
🔔I expect Bitcoin to start rising from the 🟡Price Reversal Zone(PRZ)🟡in the coming hours after breaking the upper line of the Falling Wedge Pattern and at least rise to the 🔴 Resistance zone($26,800-$26,680) 🔴.
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🌐➕ Positive News ➕🌐:
South Korean City Aims to Become a Leading Blockchain Hub with $75 Million Investment.
🌐➖ Negative News ➖🌐:
Coinbase holds 5% of all Bitcoin in existence: Data.
Mixin Network Losses Nearly $200M in Hack.
North Korean Lazarus Group amasses over $FWB: 40M in Bitcoin, data reveals
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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 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.
Bitcoin is Ready to Escape from Descending Channel⏰(15_Min)⏰💡Bitcoin is moving in a Falling Wedge Pattern on the 1-hour time frame (yesterday's post).👇
💡In the 15-minute time frame, Bitcoin is moving in a main ascending channel and in a secondary descending channel .
🌊According to the theory of Elliott waves , Bitcoin seems to be completing corrective waves inside the descending channel .
🔔I expect Bitcoin to go up after breaking the upper line of the descending channel to the upper line of the ascending channel and the minimum 🔴 Resistance zone($26,800-$26,680) 🔴.
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🌐➕ Positive News ➕🌐:
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin.
Coinbase secures Bank of Spain registration as part of global expansion.
NASA plans to prove its next Moon landing is real using blockchain.
Binance looks to issue stablecoins in Japan with MUFG unit by end of 2024.
Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox.
Bitcoin gains legal recognition as digital currency in Shanghai, China.
UAE Leads MENA Region in DeFi Adoption: Chainalysis Report.
Kraken secures money license registrations in Spain and Ireland.
🌐➖ Negative News ➖🌐:
Crypto funds see sixth straight week of outflows.
Crypto Exchange Huobi Hacked for $7.9 Million.
Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC holding.
Chase Bank tells UK crypto users to take their business elsewhere
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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 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 chooses to continue the bullish power, target zone❓➡️Unfortunately, BTC did not move according to the trajectory I expected. The falling wedge structure was not continued but chose to rebound and rise. If the bullish strength continues, most of the decline may be retracted. But don't be too optimistic when looking at the long position. Those who take long positions can choose to partially exit the market here, lock in some profits and wait for a clear direction.💰🍻
✔️If we can break through the short defense point, then we can actively look long in the general direction and challenge TP zone 2.🎯
✔️If we break below the bull defense point, then we need to be aggressively bearish.📉
So what needs to be done now is to wait or set up short-term traps.☕️
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(Part 1) About periods of great volatility...Hello?
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Have a good day.
-------------------------------------
(BTCUSDT chart)
I think it is meaningless to continuously predict direction while looking at a chart with little movement.
(1D chart)
However, since it is currently unable to escape the downward trend line, if it falls below the MS-Signal indicator and shows resistance, volatility is likely to occur.
At this time, the key is whether it receives support around 26101.77-16189.99.
I think BTC's movements are likely to show significant volatility around October 3rd.
Therefore, the day trading period is expected to end around October 3rd or at the end of the week.
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When the day trading period ends and the volatility period begins, we are asked how much the fluctuation will be.
However, I am telling you that I do not know because I think it makes no sense to predict the amount of change when the movement has not even started.
I think it is possible to make some predictions by checking the support and resistance points currently formed on each chart.
(1M charts)
On the 1M chart, support and resistance points are formed at 20050.02.
These support and resistance points are near the high point formed in December 2017, so they are meaningful support and resistance points.
(1W chart)
To see trends beyond the short term, I think the trend on the 1W chart works best.
In that sense, I think significant volatility will begin when the price falls below 21580.0-23174.39 or rises above 29241.72-30767.38.
Therefore, if it falls, the key is whether it receives support around 167383.21-21258.0.
If it rises, the key is whether the price can be maintained above 30767.38.
Therefore, if there is a large upward trend when a period of great volatility begins, a pull back pattern is expected to be created in the 30767.38-38531.90 range.
At this time, whether or not the opportunity can be seized is expected to be determined depending on whether the first purchase is made at the BTC price below 29K.
If it falls at the start of a period of high volatility, it is expected to rise more quickly.
The reason is that there is a high possibility that liquidity will be secured due to a large decline, and as the price drops to near the high point of 2017, there is a high possibility that buying momentum will increase rapidly.
Therefore, it is necessary to check the volume when the price falls around 21258.0-23174.39.
If the trading volume continues to rise by more than three times the average trading volume, there is a possibility that it will turn into a rapid upward trend, so a countermeasure is needed.
(1D chart)
What I said on the 1W chart is based on the support and resistance points formed on the 1W chart.
Therefore, to check the details, you must check the support and resistance points on the 1D chart.
The sections mentioned in the 1W chart are more detailed in the 1D chart.
It is expected that the size of the rebound will be able to be determined depending on the trading volume that occurs when the price breaks through each support and resistance zone.
The next story will begin after the movement begins.
--------------------------------------------------
- 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.
---------------------------------
📊#BTC may fall via a symmetrical triangle📉‼️We gradually formed a symmetrical triangle after being squeezed in the downward wedge channel, and the big time level is completing the 4th wave. As you can know from my last post, we currently have triple bearish patterns overlapping each other, so we need to be extra cautious when doing long, and try our best to Focus on ultra-short term and do risk management well.💯
⚠️If we break through the falling wedge resistance line, then this model will fail❌
Let's see👀
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📊#BTC or will remain in the downward channel to move, cautious‼➡️We failed to break through the downward resistance line after the weekend correction and extended the downward strength. According to the Elliott Wave Theory, we have completed the third wave and may reach the fifth wave in the future.
👀Pattern-wise, we are gradually forming a descending triangle, and a large double top structure is also looking beautiful.📐
‼️This is a multi-bearish period, so be cautious about going long. If you want to go long, wait for a clear signal.✔️
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BTC 24800 Price Target 32k? Stay Tuned for Trade Regular UpdatesBTC price dumped to 24800 and is currently bouncing, which was our last buy opportunity based on the previous signal in our last BTC post here .
Notice: This post will be regularly updated as the price progresses toward the target or in the event of potential failures due to rejections. We encourage readers to like, comment, and follow this page to stay updated with the latest developments and adjustments. Your engagement and support are greatly appreciated.
It may seem contradictory to our previous short target of 12k, but in our last analysis, we mentioned that we would be longing from 26k down to 24800 after shorting at 30400. this is because we foresee a better short entry with a much better stop loss and profit target as the bears are heavy around $32k to $34800 which will give bears the needed backup to push the price down to 12k come 2024.
According to MT pandora's Box, The current market buyers are not exhausted yet, and the breakdown of the range is likely to be a trap for sellers. This is evident from the price breaking the 25200 support and hitting 24800, triggering a buying frenzy that backfired on the bears. As a result, we see the price racing back to 26800, clearing all the previous last shorters.
We will continue to hold our current Long position, and I will leave a free long trade signal at the end of this post if you wish to catch the bullish momentum that is about to take off. Now, we should stay patient as we anticipate hitting levels of 27200, then 27700, and eventually reaching 28k. Although there might be some minor pullbacks, this Long position is heading toward 32k.
Regarding the question of why we are shorting at 34k, while the price of BTC might extend even to 34800, we are likely to start adding to shorts from the 32k range. However, we won't jump in with our full position size; instead, we will incrementally add to shorts in small percentages. This strategy will give us the opportunity to reach our 12k target by 2024. Expect some reactions from sellers as BTC moves from the bottom to the top of the current range.
Please Note: Due to the length of our previous BTC post, I will only update it again when we reach the current long target of 32k to 34k range. At that point, we will take another BIG SHORT to achieve our 12k target by 2024. this post will provide updates on the current long trade before the BIG SHORT.
(To enter this LONG, wait for a pullback to take the trade as the price will return to one of the supports listed below, multiple entries with one stop to allow you to buy in pieces and that way accumulate as price goes our way.
Free BTC Long Trade Signal:
To enter, wait for a pullback to take the trade.
ASSET: $BTC/USDT
ACTION: LONG
1st ENTRY PRICE: $24800, 2nd $25600, 3rd $25800 (Worst or late entry $26k)
STOP LOSS: $23700
1st TAKE PROFIT: $29700, 2nd TP: $31200, 3rd TP: $32k (Extended TP: $34k)
Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries risks, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal.
Notice: This post will be regularly updated as the price progresses toward the target or in the event of potential failures due to rejections. We encourage readers to like, comment, and follow this page to stay updated with the latest developments and adjustments. Your engagement and support are greatly appreciated.
Bitcoin Crash by Ascending Broadening Wedge Pattern⏰(1-Hour)⏰✅Bitcoin crashed, as I expected in previous posts.
💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing its five downtrend waves.
🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move towards the 🟡Price Reversal Zone(PRZ)🟡 after breaking the support line .
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🌐➕ Positive News ➕🌐:
Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M.
🌐➖ Negative News ➖🌐:
Bitcoin Network Experiencing Something Yet Unseen.
Binance Prepares to Delist Stablecoins Due to MiCA Rules.
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims.
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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 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.
BTCUSDTIn this part of the chart in the 4-hour time frame, we see one of the most powerful ICT concepts called PO3.
POWER OF THREE consists of three parts:
Consolidation
In this section, we see the price range, which causes the formation of liquidity at the top and bottom of this range
Manipulation
In this section, we see a fake but strong move out of the range section, which grab liquidity at the top or bottom of the range, and then returns to the range with the same strength.
Expansion
In this section, we will see the main movement of the market in the opposite direction of the previous fake movement. But before the start of the main movement, we will often see the price return to the broken line of the range and points that are of interest to market makers, such as FVG or order blocks.
In this section of BINANCE:BTCUSDT price action, we clearly see all these three upper sections.
First, Consolidation
Then Manipulation , which was accompanied by a news, and caused Sharpe move above the range line and immediately Sharpe move into the range.
And now we have to wait for the expansion movement. A pullback to the range line and probably to the FVG indicated in the chart and then the start of the main trend towards the targets indicated in the chart.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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BTCUSDT at daily support, likely to bounce to 27096-27196Our swing long idea is still active and running but here is a short term long trade idea for BTCUSDT. The price has hit the daily support DS1 and it is likely to bounce towards 4h resistance 4HR1. Therefore, a long is favorable from this support towards that resistance 4HR1. This resistance zone is sitting around 27096-27196.
Big-picture trading strategy revisitedhello?
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-------------------------------------
(BTCUSDT chart)
If it does not fall below the downtrend line, it is likely to rise.
An increase in trading volume is needed to break above the current price position, that is, near the M-Signal indicators on the 1W chart and 1M chart, but there is a possibility that it is holding it back from rising.
The reason may be to achieve a large increase at once.
The point that must be penetrated at once is above the 30495.92 section and above the point where the trend line of the 1W chart intersects.
Only then can you have the opportunity to break upward through the section your finger points to.
Any rise outside the current box is likely to lead to BTC's dominance.
Therefore, those who mainly trade altcoins need to be careful.
This is because once BTC's dominance begins, most altcoins are likely to gradually move sideways or show a downward trend.
The reason for this is that funds will be concentrated towards BTC for next year's BTC Halving.
This phenomenon is expected to gradually unravel once BTC dominance rises above 61.
Therefore, it is expected that that will be the time to purchase altcoins in earnest for the BTC halving.
If it touches the HA-High indicator of the 1M chart on the BTC chart and shows support, we expect that that will be the point where the coin market's full-fledged upward trend begins.
The next period of volatility for BTC will be around October 3rd.
Accordingly, there is a possibility that the day trading period may come to an end.
Therefore, we must prepare for the period of great volatility that will follow.
Periods of high volatility are likely to be the last decline before a full-fledged uptrend, that is, the section that forms a pullback.
However, this movement cannot necessarily be viewed as being expressed as a decline.
This is because it can show a big uptrend and then fall again, creating a pullback pattern.
Therefore, now is the time to focus on buying BTC or ETH.
I think that BTC 29K or lower is possible at this time.
If BTC rises above 29K, there is a high possibility that you will not buy BTC or ETH because you will think that it is more profitable to buy altcoins than to buy BTC or ETH.
For altcoins, the first purchase is completed when BTC is below 29K, and the second purchase is carried out when BTC is in the range of 32K-43K.
After that, full-scale purchases can be started after confirming support from the HA-High indicator of the 1M chart mentioned above.
This is the big picture, trading strategy in preparation for the BTC Halving next year.
Changing the big-picture trading strategy like this means that all trading strategies have been designed incorrectly, so an unprecedented situation will arise where all trading must be stopped.
Therefore, the big picture trading strategy should not be modified.
If you cannot create a big-picture trading strategy, you need to be careful because you cannot start trading from a long-term perspective, that is, farming.
Long-term trading, i.e. farming, is a mental battle.
That's why being able to stabilize one's psychological state is an important factor.
Therefore, if you cannot plan a big-picture trading strategy, you will not be able to trade from a long-term perspective because you will not be able to withstand changes in psychological state caused by price volatility.
--------------------------------------------------
- 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.
---------------------------------
BTC create small Head and Shoulders 2h time frame
-
There are two resistance zones Bitcoin reached recently.
1st at 26650~26850, 2nd at 27450~27800. Standard strong pump should turn the 1st zone into support after breaking up. However, we can see Bitcoin just went down through 26650~26850. This trend implies weak sign on market. Therefore, if Bitcoin takes more time to create a consolidation structure between 26350~26930, a Head and Shoulders will be following.
TP: 25824~25694 / 25271
🚨Bitcoin Falls by Ending Diagonal Pattern🚨✅Bitcoin has been responding well to my 🟡 Price Reversal Zone(PRZ) 🟡 for the past few days.
🌊According to the theory of Elliott waves , Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y .
🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line .
---------------------------------------
🌐➕ Positive News ➕🌐:
Crypto Asset Market Cap Should Explode by ‘5 or 10x’ During Next Bull Market, Says Macro Investor Raoul Pal.
Grayscale CEO Michael Sonnenshein Says US Has Chance To ‘Assert Its Dominance’ With Crypto Regulation.
Grayscale Submits Application for New Ethereum Futures ETF.
🌐➖ Negative News ➖🌐:
Dormant Bitcoin Address Holding $56.3M Springs to Life After Nearly 6 Years.
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
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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 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.
Bitcoin Crash from 🟡Price Reversal Zone(PRZ)🟡⏰(1-Hour)⏰🚶♂️Bitcoin is moving in the 🟡 Price Reversal Zone(PRZ) 🟡 and near the Resistance line and 50-SMA(Daily) .
🌊According to Elliott Wave Theory , Bitcoin seems to be completing a Double Three Correction(WXY) .
🔔I expect Microwave C of Wave Y to complete at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to fall to at least the Support Line .
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🌐➕ Positive News ➕🌐:
No Change In Rates Expected At Fed’s September Meeting.
Record surge as Bitcoin micro investors reach all-time high.
‘Rich Dad’ R. Kiyosaki slams fiat money ‘FAKE’, says ‘crypto is the future’.
Bitcoin (BTC) Surpasses Visa Transaction Volume.
🌐➖ Negative News ➖🌐:
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing.
DeFi exchange volume down 15% on a monthly basis amid UNI, CRV price crash – VanEck
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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 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.