Bitcoin New Low?Speculative forecast for a potential new low around mid-november with a $14,353 target. Seems like a nice enough number to trick the bulls into assuming 15.4k will hold whilst also painfully disappointing the bears who wait for 8-13k.
DCA throughout the levels is the safest play. Accurate entries to nail the bottom is anybody's guess.
BTCUSDTPERP
A short-term buying period is expected to formHello?
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** The High and Low indicators were created using the Stochastic RSI indicator to mark support and resistance points.
** The StochRSI indicator has been removed to play only a key role in predicting waves using only secondary indicators.
** The settings of the CCI indicator have been changed to detect faster trend changes.
** The CCI indicator is also used to predict the trend along with the StochRSI indicator.
** Also, unlike the StochRSI indicator, the CCI indicator is used to mark support and resistance points.
(BTCUSDT chart)
We broke through the newly formed support and resistance points upward.
And, the HA-Low indicator on the 1D chart is about to be created at the 26400.59 point.
Accordingly, if the HA-Low indicator is created at 26400.59, the key is whether it can be supported around this area.
27262.84 corresponds to the +100 point on the CCI indicator.
Therefore, a rise above this point is likely to lead to a sharp rise.
If there is a surge, it will be important to be able to break above the 28465.36-28923.63 area.
This is because the 28465.36-28923.63 section is the volume profile section of the 1M chart, so if it takes time to break through, it is likely to fail.
In the 27262.84-28465.36 section, important indicators are still passing.
Therefore, if you confirmed the support around 26400.59 and bought it,
1st: 27262.84
2nd : 28465.36-28923.63
The area around the 1st and 2nd above corresponds to the selling section.
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(BTCKRW chart)
by changes in indicators
Resistance point: 36337000
support point: 35092000
It is necessary to check whether there is support or resistance at the above point.
The HA-Low indicator on the 1D chart is expected to be created at point 3632000.
Therefore, the key is whether it can rise above 36337000 and be supported.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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⚔️Bitcoin is ready to attack the Resistance Line⚔️(15-min)🏃♂️After decreasing a few hours ago, Bitcoin is again close to the Resistance Line .
🌊In terms of Elliott wave structure , Bitcoin has completed five impulse waves and is currently completing corrective waves .
🌊It seems that the structure of the corrective waves is of the type of Expanding Flat(ABC/3-3-5) .
🔔I expect Bitcoin to start going up from one 🟡 Price Reversal Zone(PRZ) 🟡, break the Resistance Line , and reach the 🔴 Resistance Zone 🔴.
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🌐➕ Positive News ➕🌐:
Bitcoin difficulty jumps 6% to a new peak as miners ignore the BTC price dip.
Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGlone
🌐➖ Negative News ➖🌐:
FBI: North Korean hackers may be looking to sell $40 million worth of Bitcoin.
Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show.
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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.
Need to see if it can rise above 27162.14Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(BTCUSDT chart)
It remains to be seen if the price can sustain its rise above 27162.14.
If it fails to rise above 27162.14, I would expect a decline around 23393.32.
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(BTCKRW chart)
It is up to you whether you can climb to the 36408000-38143000 range or higher.
If not, you need to check if it is supported near the HA-Low indicator on the 1D chart.
An important indicator is passing in the 27162.14-28465.36 section.
And, since support and resistance points are being formed at 29281.09, it must rise above 29281.09 to eventually turn into an uptrend.
(1W chart)
If the decline continues this time, the HA-High indicator on the 1W chart is expected to decline.
If the HA-High indicator is created with a decline, it is important whether there is support around it.
Currently, the HA-High indicator is located at 59370.07.
(1D chart)
Currently, the HA-Low indicator on the 1D chart is located at 21574.97.
If it fails to rise above 27162.14 and falls, it is expected that a new HA-Low indicator will be created just like the HA-High indicator on the 1W chart.
Accordingly, if you see support in the section formed by the HA-Low indicator on the 1D chart and the HA-High indicator on the 1W chart when the decline continues, I think that is the time to buy.
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A pullback that occurs without any particular issues is likely to form a pull back pattern to lead to a large uptrend.
The USDT chart is the market cap chart you need to watch carefully because you think that the coin market is showing a phenomenon of outflow of funds.
(USDT 1D chart)
So far, there is an exclamation mark on the Market cap chart, so it seems that the collection of data generated by this volatility is not exactly over yet.
So, I don't think it's good to predict the flow of funds prematurely.
When the exclamation mark disappears from the market cap chart, I will talk about the market cap chart (USDT, USDC, BTC.D, USDT.D).
The key points on the USDT chart are 82.959B and 81.839B.
It is conceivable that a larger drop in funds will cause the coin market to enter a downturn.
However, I think it will be a field of opportunity because only a small part of the funds flowing into the coin market are flowing.
I don't think it's good to try to interpret the coin market in relation to the global economy or political issues.
The reason is that the current coin market is still far from the real world.
It is my opinion that there is no need to think in connection with external factors such as the global economy and politics until more coin ecosystems are created and activated and related to the actual industry.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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"Persisting Bitcoin Bearish Sentiment: >30% Downside Potential?"Since March 2022, Bitcoin has exhibited a persistent pattern of lower lows and lower highs, indicating an ongoing bearish sentiment. Notably, recent price fluctuations have repeatedly failed to breach the 32,550 resistance level, which had previously served as a support zone. Instead, the price encountered this zone twice in retests before resuming its downward trajectory. This bearish momentum has been underscored by a significant breakout below the bullish trendline, accompanied by the emergence of an assertive bearish Marubozu Candlestick.
Furthermore, the formation of a double-top pattern is noteworthy, and a subsequent breakout from this pattern would serve as a compelling entry trigger, confirming the continuation of the bearish trend toward the designated target area. Collectively, these technical indicators suggest a sustained bearish bias for Bitcoin's price movement
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on BINANCE:BTCUSDT ".
Bitcoin Analyze!!!🗺️(15-Min)Hi everyone👋(I hope you had a great weekend)🥳.
📚Since the trading volume is generally low on Saturdays and Sundays, we should not expect any strange movement from Bitcoin.
🌊Bitcoin is completing a corrective structure , and as I said in the previous post, I expect Bitcoin to move between $27,000 and $25,000 for a few days.
🔔I expect Bitcoin to fall to around $25,000 starting Monday after breaking the 🟢 support zone(26,030-25,950) 🟢(with the 2️⃣ scenarios I've outlined for you in the chart).
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🌐➕ Positive News ➕🌐:
Elon Musk praises pro-crypto Republican presidential candidate.
$25,000 where Bitcoin (BTC) Could Bottom Out After Crypto Market Downturn, According to Glassnode Co-Founders.
Bitcoin Mining Stocks Are Up 200% YTD, but One Has Soared Almost 400%.
Binance CEO CZ Responds to the Periodic “Bitcoin is a Bubble” FUD: “Here We Go Again”.
🌐➖ Negative News ➖🌐:
North Korean Hackers Have Stolen $200 Million So Far This Year.
Heavy short position by Michael Burry on S&P500 and NASDAQ.
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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.
BITCOIN - NO BULL RUN TILL MARCH 2024This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month.
Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend.
We have four phases here and the number of months each lasted for
The All Time High - All Time Low (12 Months)
The Bull Trap (6 Months)
Accumulation Phase (9 Months)
And finally the;
All Time Low to All Time High (13 Months)
Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase.
Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Bitcoin is making the 🚩Contracting Triangle🚩(15-MIN)⏰🚩Bitcoin seems to be forming a Contracting Triangle .
🔔I expect point E of the Contracting Triangle to complete after the next Zigzag correction is completed, and then Bitcoin will start to fall to the lower line of the Contracting Triangle.
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🌐➕ Positive News ➕🌐:
Bitcoin’s Flash Crash to FWB:25K : Long-Term Holders Unfazed by Market Panic.
PayPal Stablecoin PYUSD Trading Launches on Major US Exchange.
Crypto Market Cap To $145 Trillion: Wall Street Analyst Says XRP Is The Coin To Hold.
Oman Introduces a Crypto Mining Center Valued at $350 Million (Report).
New asset manager Empowered Funds has filed to list three Bitcoin futures ETFs.
Top UK university partners with AI startup to analyze the crypto market.
Bitcoin (BTC), largest crypto, might be getting closer to 'last buying opportunity' before radical growth phase.
🌐➖ Negative News ➖🌐:
‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Selloff.
Vitalik Buterin stirs market uncertainty with $1M Ethereum transfer to Coinbase.
Deleted tweet indicated suspension of EUR transactions via SEPA system.
Heavy short position by Michael Burry on S&P500 and NASDAQ.
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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 great SHORT OPPORTUNITY and the LOW BEFORE BULL12h time frame
-
Market's short position is too heavy so far
I think we need a huge pump to liquidate them all, then start the last dump in this bear cycle
If go up to 28000 to create a HS, which target will be aligned with the harmonic pattern(18085~18600)
It'd be the first important price that we can try to buy spot before bull
-
Short trading plan
Entry: 27766~28548
TP: 18085~18600
SL: 29830
BTC 29K or less is the time to focus on BTC or ETHHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
A drop below 28465.36 indicates a significant downtrend.
If you fail to ascend above 27162.14, you need to make sure you are supported around 23293.32.
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Below BTC 29K, it is a section where BTC or ETH is intensively bought.
Therefore, it is recommended to proceed with the 1st purchase of altcoins from a mid- to long-term perspective.
Market cap charts appear to be in a slightly volatile state.
Therefore, we will publish the analysis of the Market cap chart when things are normal.
USDT is a stablecoin that shows great influence on the coin market.
As this USDT begins to gap down, the coin market appears to be entering a profit taking period.
So, for this state to end, USDT's downtrend must stop.
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(BTCKRW chart)
It is showing a decline below the resistance zone of the 1M chart or the support zone of the 1M chart.
Accordingly, the key is whether it can rise with support around 36408000.
If not, you need to check if there is support around the HA-Low indicator on the 1D chart.
--------------------------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
🚨Where is Bitcoin Destination❗️❓(Elon Musk changed the Game)🚨Hi everyone👋( Reading time less than 5 minutes⏰ ).
We saw a ➖10% drop in Bitcoin in the last two days.
Let's look at the News ; what is the reason for the fall of Bitcoin, and what effect did it have on the Bitcoin chart❗️❓
🧛♂️It seems that Elon Musk's feet are still in the middle!!!
🌐According to news, SpaceX (owned by Elon Mask) sold 373 million dollars of its Bitcoins at once, and this news caused the market to fall(Of course, this news has not been officially confirmed yet❗️❗️❗️)
🌐Of course, another news that can have an impact on the market in the future is the bankruptcy of the Chinese construction giant ( Evergrande Group ).
📈Now, let's look at the daily chart of Bitcoin and see the impact of this news on the chart.
Bitcoin started to decline above the descending channel, as I expected ✅.
🌊According to the theory of Elliott waves , Bitcoin started to form corrective waves after it lost the Uptrend line and 200_Simple Moving Average( 200-SMA ).
🌊Due to the Volume Trading two days ago, I expect the corrective structure to start with 5 waves .
🌊At the moment, Bitcoin seems to have completed the main wave 3 and is now forming a wave 4 .
🌊Since wave 2 has had a price correction , I expect wave 4 to experience a time correction .
🔔Finally, I expect Bitcoin to fall to the bottom of the 🟢 heavy support zone($25,240-$23,900) 🟢, and if it breaks this zone, we can expect Bitcoin to reach $20,000 .
👀If you have time, take a look at the two posts below that I shared with you in previous weeks; they will surely give you a good insight.👇
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🌐➕ Positive News ➕🌐:
Ripple Joins Mastercard Alliance for CBDC Development.
The SEC is reportedly close to approving Ethereum Futures-based ETFs, with several firms possibly approved by October.
🌐➖ Negative News ➖🌐:
SpaceX wrote down $373M worth of Bitcoin back in 2021-2022.
Judge grants SEC request to file motion for appeal in Ripple case.
Market sees $1B in liquidations as Bitcoin, Ethereum plunge.
Coinbase to suspend USDT trading for Canadian users.
Bitcoin, Ethereum Dip After Fed Hints at More Rate Hikes.
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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 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.
Where is Bitcoin Destination❗️❓(Elon Musk changed the Game)
BTC are you still bullish?How are you friends? Are you bullish are you expecting another big boom and BTC around 135k USD? or, on the contrary, do you expect that the whole bubble has burst long ago, retail is buying like life and only whales are drawing money from it for their luxurious life?
Let me know, I'm curious about your opinion if all those people who bought BTC around 60k and all those individuals around the world who have bought crypto in spots will get rich, or if they will lose all their savings like with LUNA etc...
🚨Bitcoin ready to FALL again🚨(1-hour time frame)!!!Hi everyone👋.
💡After failing to break the🔴 resistance zone($29,850-$29,480) 🔴, Bitcoin started to decline again.
🔔Considering that 50-SMA and 50-EMA issued the SELL signal, I expect Bitcoin to FALL at least to the support line .
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🌐➕ Positive News ➕🌐:
Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5%.
US bank reveals $166M in crypto holdings.
India Wants to Use Crypto Tokens to Digitally Sign Documents.
13 banks to participate in Russia’s CBDC pilot program.
🌐➖ Negative News ➖🌐:
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America.
Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist.
SEC to seek appeal and stay in Ripple Labs court case.
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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.