BTCUSDT.P is may come to downsides now!BTCUSDT.P is may come to downsides now!
BTCUSDT is continuing its downtrend, respecting the resistance and support levels formed by trend lines. The market structure shows lower highs and lower lows, signaling bearish momentum.
Key levels:
Resistance: Confirmed by the trend line, providing strong rejection points, ideal for short entries.
Support: Marked along the lower trend line, which could serve as potential profit-taking zones.
With the downtrend intact, this is an ideal moment to open a short position, targeting support levels while keeping an eye on resistance for stop loss placement.
Entry point :- 61790
Take Profit :- 54950
Stop loss :- 67572
BTCUSDTPERP
Bitcoin is Ready to Crash Again!!!Bitcoin is currently moving near the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to be completing main wave 4 . The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5) .
I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again.
⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) , we can expect the BTC pump to near $65,000.⚠️
In previous posts , I tried to show you the Bitcoin roadmap step by step; I hope it was useful.
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 and updates; 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.
Bitcoin's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447.
After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it.
In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
#BTC rebound has been achieved📊#BTC rebound has been achieved✔️
🧠Last night we fell below 59934 again as expected, but unfortunately it did not reach the ideal buying zone that I wanted to focus on, so the entry point was not triggered, so the market that is not within my trading plan does not belong to me. That’s what trading is.
➡️Currently we have reached the first resistance zone. If we continue to break through, the second resistance zone will be around 62500-63000. If you want to go short, you should focus on the second resistance zone and the third extreme resistance near 64000. Otherwise, just Don't go short easily
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Ready to Pump==>>Falling Wedge==>>Shot termBitcoin moved as I expected in the previous post .
According to Elliott's wave theory , Bitcoin completed wave 5 , and we should expect upward corrective waves .
Regarding Classic Technical Analysis , Bitcoin seems to have formed a Falling Wedge Pattern .
Also, Regular Divergence (RD+) between Consecutive Valleys.
I expect Bitcoin will go up after breaking the upper line of the falling wedge pattern and touch my targets in my chart.
⚠️Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️
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 and updates; 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.
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know.
James
The real shakeout for Bitcoin still hasn't happened yet."If the final shakeout occurs, it will destroy altcoins.
Warning: don’t try to catch the bottom.
First, assess the market trend before making decisions.
Market makers will likely plan to mislead traders and pump the market. Protect yourself from getting hurt."
The real shakeout for Bitcoin still hasn't happened yet."If the final shakeout occurs, it will destroy altcoins.
Warning: don’t try to catch the bottom.
First, assess the market trend before making decisions.
Market makers will likely plan to mislead traders and pump the market. Protect yourself from getting hurt."
Bitcoin Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) .
In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful.
Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) .
According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 .
I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours.
Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin .
⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️
⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️
What is your idea about Bitcoin, more dump or, again, pump❗️❓
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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#BTC is about to reach the buying zone📊#BTC is about to reach the buying zone✔️
🧠We have tested the 60600 neckline support area many times, which means that a large number of long orders have been accumulated here. At the same time, we are also near the integer level of 60,000 US dollars. If we want to collect more liquidity, we need to go below The previous low was 59934.
➡️At the same time, the ideal buying area is not far below. We have the opportunity to form a bullish wolf wave here, so we can try to place some long orders.
➡️If you want to be more conservative, wait patiently until the downtrend line is broken before participating in long transactions.
Let’s see 👀
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BINANCE:BTCUSDT.P
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level.
The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support.
(FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend)
Explained more in my previous BTC/USDT Chart
However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support.
Bulls need to HOLD the FVG to initiate a bullish breakout.
Invalidation Level:
An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow.
There's also 200 MA support around the $59.8k level.
This is an important level to keep an eye on!
I think we will see a relief soon!
NOTE:-
Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford.
Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month.
Expect a few days of downtrend and consolidation, followed by daily green candles.
That’s my view, not financial advice!
Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this!
Thank you
#PEACE
#BTC Next Resistance Zone📊#BTC Next Resistance Zone🔥
🧠From a structural perspective, we had a good rebound after reaching the support zone, and the short-term resistance zone is 62277-62939. There is usually a pullback when we first get here, and if we want to reverse the downtrend, we still need to build a long structure on the hourly level.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator.
Here’s an analysis of the current situation:
Entry: The short trade entry was triggered at 64354.7 USDT.
Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward.
Take Profit (TP) Levels:
TP1: The first target is 63016.5 USDT.
TP2: The second target is 60851.1 USDT, and the price has already hit this level.
TP3: The third target is set at 58685.8 USDT.
TP4: The final target is 57347.6 USDT.
Current Price Action:
After entry, Bitcoin has experienced a downward move as expected, already hitting TP2.
The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum.
Trade Management :
If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains.
If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits.
This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
Bitcoin Bullish Q4 Ahead? Historically, when Bitcoin ends September in the green, Q4 tends to see strong bullish momentum. In years like 2015, 2016, and 2023, Bitcoin posted significant gains in October through December following positive Septembers. This pattern suggests that Bitcoin could be poised for another rally in Q4 2024 if history repeats, making it a favorable time for potential price surges.
#BTC rebound has been achieved📊#BTC rebound has been achieved✔️
🧠From a structural perspective, we rebounded as expected after reaching the yellow support zone. A good response is the winning rate. Whether you can make big profits depends on whether the market can give you a chance. Of course, moving the stop loss up to expect more in a low-risk or risk-free way is an essential trading skill in the trading process.
⚠️But from the perspective of the correction cycle, the correction cycle here is getting larger, which means that the upward trend at the previous 4-hour level may end, so we need to be alert to the possibility of further adjustments. The next stage support area is 61589 -61945
Let’s see 👀
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$BTC is poised to reach $115,000 in the next 9 months! Read WHY!You're aiming for $200k and beyond, but let’s keep it simple and realistic. If BTC hits $115k, altcoins could surge by 20x or even 50x! You just need to play it smart.
Now, let’s break down this simple chart!
Liquidity acts like a magnet! When a big green candle prints, it’s likely that, after a few more candles, the price will move to capture the liquidity from that same candle. Bitcoin has been following this pattern for the past 7 months, inching forward slowly, bit by bit. This is exactly how the whales are accumulating!
The August monthly candle closed at $58,963, and the current candle is set to close in about 4 hours, likely above the August close, forming a beautiful hammer pattern. This is a strong bullish signal!
When you’re unsure about what’s coming or just making wild guesses, remember—this is simply TA based on Price Action. No fancy indicators, just the facts.
Speaking of indicators, the RSI is currently around 63.13, and in every bull run, it eventually climbs up to 92, entering the overbought zone.
So stay strong and stop crying over 10-20% dips in altcoins.
If you can’t handle these corrections, you don’t deserve the 10x gains either.
Keeping it simple, the next 6 months are going to be amazing. Now is the time to position yourself in solid Altcoins and BTC.
After every halving, there's typically a 5 to 6-month consolidation phase, which you can clearly observe on the charts. We’re following the same pattern right now! Things are heating up, but you might not notice if you're only focused on 15-minute candles. Zoom out, and everything will become much clearer for you to understand.
I hope you get some light from my charts, If you do please hit that like button and share this chart with your crypto friends.
Thank you
#PEACE
#BTC Bullish Wolf Wave📊#BTC Bullish Wolf Wave📈
🧠From a structural perspective, we have made corrections according to the double top short structure. At present, all the goals of this structure have been achieved, and we have also reached the yellow support zone, so we need to be alert to the occurrence of a rebound.
➡️From the perspective of wave theory, we may form a bullish wolf wave here. Generally, the appearance of this wave model means that the trend is coming to an end, so we can also look forward to the occurrence of wave 5.
Let’s see 👀
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BINANCE:BTCUSDT.P
Fear swallows opportunity.It is very difficult to enter a long position in the section where the rising and adjusting harmonics are identified.
However, if you remove fear and greed from the current section, it can provide a very good profit opportunity.
The rising 5-wave that has been built over a long period of time is stronger than the short-term adjustment patterns.
I plan to give up high leverage and seek profit opportunities with stable leverage.
#BTC Double Top Bearish Structure📊#BTC Double Top Bearish Structure📉
🧠From a structural point of view, we have built a bearish double top structure near the resistance line, but because the main trend is bullish and has not yet reached the heaviest resistance area, we will be bullish and will not easily go short before reaching the heaviest resistance area.
➡️If we make a correction according to the double top bearish structure, the target area of this structure overlaps with the yellow support area, and the overlapping part is regarded as a valid support area. It is reasonable to try some long orders here.
⚠️If an extreme market occurs, then you can pay attention to the next support around 63800
Let's see👀
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