#BTC breaks through the complex consolidation phase📊#BTC breaks through the complex consolidation phase📈
🧠We are consolidating back and forth between the blue resistance zone and the yellow support zone, indicating that the divergence here is very large. After a long period of consolidation, we have digested the selling pressure here, and now we have chosen to break upward. But it is very close to the next resistance area of 65175-65600, so it is unreasonable to chase the increase. If we can return to the yellow support area again, we can consider participating in some long transactions.
Let’s see 👀
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BINANCE:BTCUSDT.P
BTCUSDTPERP
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily) , and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time .
According to the Elliott wave theory in the 15-minute time frame , Bitcoin seems to have finished main wave 3 ( extended wave ) and is completing main wave 4 . One of the signs is the completion of the main wave 4, the support line break .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . If the 1&4 hour candle closes below $63,000 , I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel .
⚠️ Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher. ⚠️
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
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Could Bitcoin Remain Under $65K by the End of September?BTC technical analysis update
BTC is facing strong resistance at FWB:65K , with the price being rejected multiple times at this level. We can expect a small correction or a sideways move below FWB:65K resistance before a potential breakout. Bitcoin may move sideways or bearish before October begins, but a strong bullish rally is expected in October, as the month has historically been positive for Bitcoin.
Bitcoin Analysis==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) .
I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel .
Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900)
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
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#BTC Potential Double Top Structure📊#BTC Potential Double Top Structure📉
🧠The rebound in the support area has been achieved, and it began to fall back after testing the resistance area of 63800-64000 again. Our long orders yesterday were set to risk-free after reducing holdings by 50% in this resistance area, but were eventually swept away.
From a structural perspective, if we can fall below the inflection point of 62688, it means that the double-top bearish structure is established, which means that we have the opportunity to go near the neckline buying zone. Therefore, the short order we obtained in the resistance zone has locked in the main profit, and then we will look forward to this possibility happening. 📉
Let’s see 👀
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BINANCE:BTCUSDT.P
Btc Full UpdateBtc did very well inthe month September as well But now it is below the bog cluster of resistance. I am expecting rejection from this area then straight dump to 61.5K. If price holds this then its good otherwise it can come down more towards 58K which is my swing long idea.
In simple words Short from 65.5K and long from 58K.
Bitcoin's Healthy Uptrend Faces Critical Test—Is It Time to Sell
Bitcoin's recent rally has followed a well-defined and healthy uptrend, with the trendline offering strong support. This suggests a sustainable bullish momentum. However, for this healthy trend to continue, Bitcoin will soon need to retest its trendline support.
Should the test confirm strength in the trendline, the next significant resistance level is projected to be near 68K. On the other hand, if the trendline is breached, we can expect a short-term downside move towards the 60K-59K range, which marks the previous high during the first trendline test, and it should be treated as a potential support zone.
Given this outlook, the prudent trading approach for Bitcoin at this stage is to adopt a sell strategy, anticipating a short-term correction.
#BTC resistance zone turns into support zone📊#BTC resistance zone turns into support zone✔️
🧠We finally chose to break upward, and our short order was swept away after setting breakeven. The breakthrough of the resistance area means that this area will transform into a support area. Now we are testing this area again. There is a probability of rebounding from here. I am eager to break through the inflection point of 65175.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin: Strong Bullish Momentum AheadBTCUSDT technical analysis update
Currently, Bitcoin has been trading within a range for the past 200 days.
From March 2023 to October 2023, the price fluctuated between GETTEX:25K and $32K for 224 days before breaking the range and bouncing over 130%.
Now, we are observing a similar pattern, with Bitcoin trading inside a rectangle since February, between $53K and $73K. The price is approaching a potential breakout, which could occur within a month. Once the breakout happens, we may see a strong bullish move.
Regards
hexa
BTCUSDT Key Resistance ZoneBTCUSDT has recently reached a KEY RESISTANCE level on the 4 hour timeframe.
We've seen multiple rejections from this zone in past data, showing strength in the SHORT trade, where it may look to initiate a BEARISH trend.
The key to this movement is waiting for a definitive move via BIG VOLUME CANDLES, price could reject off the zone temporarily and retrace back to the resistance zone where it could break.
We need undeniable big volume indicating a rejection or breakout.
BTC Short Term Long Trade Idea [Playing with profits]Trying a long trade here with BTC.
I think it is forming a base here based on previous high, and might bounce from here.
This is a risky trade which is why Stop-Loss is very tight and aiming for a Risk-Reward of at least 1:3
Entry Price: 63814.4
SL: 63663
TP1: 63997.40
TP2: 64219.11
TP3: 64662.34
Will be trailing my SL according to the price movement.
I don't think I'll be following the trade, since it's late here, but this will also be a hedge to my SOL short trade that I still have open.
Good luck and let me know what you think of the idea.
Bitcoin Needs Correction==>>Filling CME GapsBitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ).
Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that investors may prefer bonds to riskier assets such as cryptocurrencies as interest rates fall.
Bitcoin is currently moving in the Resistance zone($63,500-$61,460) , Potential Reversal Zone(PRZ) , near the 21_SMA(Weekly) and 200_SMA(Daily) , Yearly Resistance(3) and upper lines of the Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Zigzag correction(ABC/5-3-5) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
Before drawing a better conclusion, let's take a look at the USDT.D% and BTC.D% charts.
USDT.D% is moving near the Support zone , the lower line of the Descending Channel and the Potential Reversal Zone(PRZ) . I expect USDT.D% to rise at least to the Resistance zone again, bringing down the Bitcoin price .👇
BTC.D% is moving in a Heavy Resistance zone. According to Elliott's wave theory , BTC.D% seems to be completing the main wave 5 with the Ending Diagonal . I expect BTC.D% to start its downward trend soon, which could cause Bitcoin to fall more than other tokens .👇
Based on the above explanation, I expect Bitcoin to at least drop to the Support zone($60,000-$59,100) and Support lines and fill the CME Gaps .
Note: If Bitcoin can break the Resistance zone($63,500-$61,460), we should expect Bitcoin to rise to at least $65,000.
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.
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To maintain the uptrend,it needs to be supported around 61099.25
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
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-------------------------------------
I'm publishing in advance because I have a schedule.
I will explain the new 1W chart and 1D chart as soon as the schedule is over.
--------------------------------------
Since I have updated the necessary information for day trading, I will often explain the trading method for day trading.
(BTCUSDT.P 1h chart)
It is expected that volatility will occur as the 5EMA line of the 1D chart is touched.
Accordingly, if it falls below the 5EMA of the 1D chart, the key is whether it can receive support near 61149.5.
Since the M-Signal of the 1D chart and the M-Signal of the 1W chart are passing near 60651.2, I think it is a section that must receive support to start an uptrend.
- ADX is below 20.
- Since OBV is converging, there is a high possibility that a trend will be formed if it breaks through the low line (LL) or high line (HH) soon.
- You should check whether the StochRSI indicator rises in the oversold section and shows an uptrend with StochRSI > StochRSI EMA.
Since the trend strength has weakened as ADX falls below 25, there is a high possibility that a box section will be formed.
Therefore, you should check which section the box section is formed in and think about whether to proceed with a trade within the box section.
However, as I mentioned earlier, if you touch the 5EMA of the 1D chart, ADX can rise above 25, so you need to check what kind of movement it shows at that time.
The right time to proceed with a buy (LONG) is when it is supported and rising near the HA-Low indicator.
At this time, ADX should be rising above 25 and OBV should be rising along the high point line (HH).
The right time to proceed with a sell (SHORT) is when it is resisted and falling near the HA-HIgh indicator.
At this time, ADX should be rising above 25 and OBV should be falling along the low point line (LL).
------------------------------------------
(BTCUSDT 1M chart)
The key is whether it can be supported near the 2nd section and rise to the 1st section.
To do that
- ADX must be maintained above 25 or show an upward trend.
- OBV must show an upward trend along the high point line (HH).
- StochRSI must change to a state where it is > StochRSI EMA and show an upward trend.
-
(1W chart)
The formula of the StochRSI indicator included in the TS-BW DMI indicator has changed, creating a different trend line than the previous idea.
Therefore, we should check the movement when a new candle is created.
Looking at the TS-BW DMI indicator,
- StochRSI appears to have changed to an oversold zone and StochRSI > StochRSI EMA.
- We should check if ADX can be maintained above 25.
A decline in ADX means that the trend strength is weakening.
If you look at the OBV indicator, you can see that OBV is converging.
Accordingly, you need to check whether it can maintain the uptrend by rising above the high point line (HH).
-
(1D chart)
The trend line has changed, and the next volatility period has changed from around October 7 to around October 11.
- ADX is below 25.
- OBV is showing signs of breaking out of the high point line and then entering within the high point line.
- StochRSI indicator is showing signs of changing the trend in the overbought zone.
It is judged that it is not easy to maintain the uptrend in the current state.
Accordingly, the key is whether it can receive support around 63118.62-64000.0.
If not, and it falls, it is important to see if it can be supported around 61099.25.
If the price is maintained above 61099.25, I think it will meet the conditions to start an uptrend because the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
#BTC Double Top Bearish Structure📊#BTC Double Top Bearish Structure❓
🧠As time goes by, the small short structure may evolve into a larger short structure, which will be established after breaking through the yellow inflection point of 62320. So we need to be alert to this possibility.
If you are involved in some short transactions, you should move your stop loss down in time and expect more in a low-risk way. Because the general trend is still a long trend, you need to be more conservative when trading against the trend.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Weekly Review September 22nd – September 28th:Is Bitcoin Bullish?
The controversy in the crypto market between the “bulls” and the “bears” is at a peak. The issue seems to be the supposed effect of the latest rate cut. Can rate cuts reverse the downtrend?
This flour has already been grounded, and nothing I say or do will change anyone’s opinion. I aim to present an objective measure based on Price and not opinion that will give us a conclusive and irrefutable answer to the question: Is Bitcoin Bullish?
A downtrend is defined as a series of consecutive lower highs and lower lows.
In that respect, there is no dispute that Bitcoin has been in a downtrend From March 13th until August 25th. The controversy began on September 6th because, on September 6th, Bitcoin failed to make a lower low. However, until today, it didn’t make a higher high either.
Image 1: Bitcoin March 13th – September 6th:
The coming week or two will put all this debate to rest.
Bullish Scenario:
Bitcoin is bullish if:
1. It makes a higher high (daily close) above 65,175.
2. A lower high, higher than 57,446.
Should Bitcoin close a daily candle above 65.175K and the subsequent pullback holds above 58K, Bitcoin is a buy because price is king.
Image 2: Bitcoin bullish scenario.
Bearish Scenario:
Bitcoin is bearish if:
1. It fails to make a higher high above 65.175K.
2. Even if it does make a higher high, the following low must be higher than 58K.
Image 3: Bitcoin Bearish Scenario:
If you feel FOMO, let me assure you that the market always gives you a second chance. If Bitcoin is going to 100K and above, you will have many stops to get in or out. Nothing in this chart “screams” a buy signal.
Best Wishes
Example of how to determine the timing of a tradeHello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
The following is an explanation of how to use the indicators included in the chart.
If you don't need to see how to use the indicators, you don't have to read it.
-
(15m chart)
Currently, it is moving sideways within the box section of the HA-Low indicator.
Therefore, in order for a trend to occur, it must break out of the box section of the HA-Low indicator.
When the support and resistance points indicated on the chart are touched, you should check the movements of the OBV, DMI, and StochRSI indicators and decide whether to proceed with the trade.
If the DMI rises above 25, there is a possibility that it will break through the box section of the HA-Low indicator upward.
At this time, you should check whether the OBV is rising along the high point line and the status of the StochRSI.
If not, you should decide whether to proceed with the trade within the box section.
--------------------------------------
I think that the indicators I used have been organized and modified, and now they are being used more in day trading.
If possible, it is good to draw support and resistance lines on the 1M, 1W, and 1D charts and respond accordingly.
The most difficult part of any trade is whether it will go up or down right now.
For this, we refer to many things.
So, what I am going to explain is not necessarily correct, but I think it will reduce the fight with myself about whether to trade right now.
-
(1D chart)
(4m chart)
The most important thing in my chart is the MS-Signal indicator.
This MS-Signal indicator was created using the MACD formula.
Therefore, to see the trend, you can refer to the movement of the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts).
Then, you can immediately see the current trend on any time frame chart.
For reference, the MS-Signal indicator is made up of the M-Signal line and the S-Signal line.
-
(15m chart)
(5m chart)
The next important indicator is the HA-Low, HA-High indicator.
The HA-Low, HA-High indicator is an indicator that shows the conditions for trading on the Heikin Ashi chart.
Therefore, the creation of the HA-Low indicator means that a low point range has been formed, and the creation of the HA-High indicator means that a high point range has been formed.
Therefore, if it is supported near the HA-Low indicator, it is a buying period, and the HA-High indicator is the first selling period.
A full-scale uptrend begins when it is supported by the HA-Low indicator and rises above the HA-High indicator.
On the other hand, a full-scale downtrend begins when it encounters resistance from the HA-High indicator and falls below the HA-Low indicator.
You can use this characteristic to determine the timing of trading.
-
The BW line is an indicator that is displayed when the lowest point (0) and highest point (100) of the BW indicator included in the TS-BW DMI auxiliary indicator form a horizontal line.
Therefore, the creation of the BW line means that a low point or high point section has been formed.
Therefore,
1. If the BW indicator is at the lowest point (0), it means that a low point section has been formed.
2. If the BW indicator is at the highest point (100), it means that a high point section has been formed.
However, rather than looking at the BW line in this sense, it is better to think of it as a support and resistance point and focus on whether you can proceed with trading depending on whether it is supported or not.
-
With the newly added OBV and DMI indicators, you can now check whether the current rise or fall will continue by following the correlation of the StochRSI indicator.
I think it was difficult to determine this with just the StochRSI indicator in the past.
The reason is that when the StochRSI indicator entered the overbought or oversold zone and tried to escape from that zone, it often led to additional rise or fall.
Therefore, your own chart analysis know-how was needed to determine this.
That does not mean that chart analysis know-how is not needed because the OBV and DMI indicators were added.
Please think of it as the concept that there is more reference material to determine this.
-
(OBV indicator)
In order for the price to rise or fall, trading volume must occur.
Therefore, it is good to see whether the current rise or fall occurs and whether the buying or selling force increases.
The indicator used to confirm this is the OBV indicator.
I will not explain the concept of the indicators I am explaining separately.
The reason is that it only increases the time spent studying the chart, so I am trying to explain only the core utilization methods of the indicator.
In that sense,
- If the OBV line rises above the high point and is maintained, it means that the buying force is increasing,
- If the OBV line falls below the low point and is maintained, it means that the selling force is increasing.
By utilizing this, it can be helpful in determining whether the current rise or fall is sustainable.
The color changes when the low or high line is broken, which means that it is the trading period.
-
(DMI indicator)
The DMI indicator is an indicator composed of D+, D-, and ADX lines.
Therefore, it is difficult to see and interpret it.
To compensate for this, three indicators were created as one.
The ADX indicator indicates the strength of the trend.
Therefore, an ADX line rising means that the current trend is getting stronger.
On the other hand, an ADX line falling means that the current trend is getting weaker.
Therefore, you cannot tell whether the current trend is rising or falling just by looking at the ADX line.
The correlation between the D+ and D- indicators tells you this.
The ADX line in the TS-BW DMI indicator is a comprehensive expression of this information.
If the color of the ADX line is pink (#e65100), it indicates an upward trend, and if it is aqua, it indicates a downward trend.
If the ADX line is located below 25, it is highly likely that a box section will form.
Therefore, at this time, you should check the movement of the indicators mentioned above and check whether there is support at the support and resistance lines displayed at the current price position to determine the trading point.
-
By checking the correlation between StochRSI and StochRSI EMA, you can determine whether the current trend is sustainable by checking whether the previously used StochRSI indicator has entered the overbought or oversold zone.
In other words, even if OBV and DMI show an upward trend, if the StochRSI indicator shows a downward trend in the overbought zone or declines, you should determine that it is difficult to continue the upward trend and find a way to respond.
In that sense, if you look at the 1D chart, you can immediately see that even if it rises further, it will eventually fall.
Therefore, I think it is a good idea to wait until the StochRSI indicator shows an initialization (if it has entered the overbought zone, it must fall and touch the oversold zone to be determined to have been initialized).
We do not know how much the StochRSI indicator will fall, but now we can determine it by looking at the OBV and DMI indicators together.
-
To comprehensively explain the OBV, DMI, and StochRSI indicators,
1. For an uptrend to continue
- OBV must show an uptrend along the high point line
- DMI must show an uptrend
- StochRSI must show an uptrend (better if it has not entered the overbought zone)
2. For a downtrend to continue
- OBV must show a downtrend along the low point line
- DMI must show an uptrend
- StochRSI must show a downtrend (better if it has not entered the oversold zone)
3. In the case of a box zone
- When OBV moves between the low point line and the high point line
- When DMI is maintained around 25 or below
- When StochRSI is maintained around 50
If you have not started a trade when a movement occurs at the support and resistance points drawn on the chart, it is recommended to check whether there is support by meeting the support and resistance points and then proceed with the trade.
Also,
- When OBV rises above the low or midline
- When DMI shows an upward trend
- When StochRSI rises in the oversold zone and becomes StochRSI > StochRSI EMA
When the above conditions are met, you can check whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts around the price and proceed with the transaction.
If you are using my chart to trade, it is recommended to draw at least the HA-Low and HA-High indicators on the 1M, 1W, and 1D charts.
And, when the BW line is created, you can determine the trading point by looking at the movement of the indicators.
If you need more support and resistance points, you can activate the StochRSI-related (StochRSI < 80, StochRSI > 20), OBV, CCI-related (-100, +100), and RSI-related (RSI < 70, RSI > 30) indicators in the settings of the HA-MS_BW indicator.
In addition, 1, 2, 3, and 4 indicate the volume profile points by period, so they also play the role of support and resistance.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The area expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideBitcoin can go up to 65k to complete the wedge, but every uptrend has to be corrected, that's the nature of the market . if wedge broken i expect the price can falling to 61K !
And we have to wait for failure so that the wedge is not broken, as if there is no wedge!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
how to prepare for the trade. Professional traininghow to prepare for the trade. Professional training
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.