#BTC Rising Wedge📊#BTC Rising Wedge
🧠From a graphical perspective, we are gradually forming a rising wedge model, and we will generally fall according to this model. However, we have not yet reached the heaviest resistance area, and the current area is not volatile, so it is difficult to trade, so we need to be more patient
➡️From a structural perspective, there is currently no short structure, so you need to be cautious if you want to short. If we can break below the inflection point to build a short structure, then we can try to place some short orders in the rebound that occurs later.
⚠️This is just my trading point of view. If you follow this point of view, please don’t forget risk management
Let’s see👀
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BINANCE:BTCUSDT.P
BTCUSDTPERP
Gold and Bitcoin: Dual Insights for Investment OpportunitiesWith the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago.
From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time?
I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .
Bitcoin Roadmap!!!==>>Falling!!!Bitcoin ( BINANCE:BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250) , Potential Reversal Zone(PRZ) , the Upper line of the Ascending Channel , and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.) .
According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 can be Ending Diagonal .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to fail again on the 5th attack to the important resistance lines , and to break the lower line of the descending channel and decline to at least the first target on my chart. We should expect more Bitcoin dumps if Bitcoin loses the Support zone($66,500-$64,480) .
⚠️Note: Tension between Iran and Israel could increase in the coming days, causing a sharp drop in Bitcoin.⚠️
⚠️Note: Open interest in futures markets has reached its highest level in 2024, while Volume Trading has decreased.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
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.
BTCUSDST. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The start of a new wave: 68447.9
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(BTC.D 1M chart)
BTC dominance is rising above 58.
The point to watch is whether it can face resistance in the 55.01-62.47 range and fall.
If it rises above 62.47, a strange market where only BTC rises may be formed.
Most altcoins are expected to gradually move sideways or show a downward trend.
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(USDT.D 1M chart)
A decline in USDT dominance is likely to lead to a rise in the coin market.
However, as I mentioned in the explanation of BTC dominance, I think that most coins in the coin market will show an upward trend only when BTC dominance also declines along with USDT dominance.
If USDT dominance falls below 4.97, the coin market is expected to enter a bull market.
The point of interest is whether a market where only BTC rises or a bull market where altcoins also rise will be created.
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(BTCUSDT.P 1D chart)
- The 68447.9 point is the BW (100) point of the 1W chart,
- The 71363.0 point is the BW (100) point of the 1M chart,
- The 73127.6 point is the BW (100) point of the 1D chart.
Therefore, we should consider the above points as forming support and resistance points.
If the price rises above the downtrend line (2) and maintains, it is expected to create a new wave.
Therefore, whether there is support near 68447.9 is an important key point.
-
The StochRSI indicator is approaching the highest point (100) and the slope is becoming gentle.
Accordingly, the pressure for a downtrend will increase over time.
In order to overcome this downward pressure and create a new upward wave, it is expected that it will be possible to show a sideways movement in the 68447.9-71363.0 range.
Therefore, the point of interest is how the StochRSI indicator performs the initialization process.
(The initialization process of the StochRSI indicator refers to moving from the overbought range to the oversold range, and also from the oversold range to the overbought range.)
-
(1h chart)
The BW (100) point is formed at the 67800.5 point and is showing a downward trend.
The Mid (50) point is formed at the 67064.5 point.
Therefore, we need to check whether there is support near 67064.5-67349.7.
If it falls below 67064.5, it is likely to touch 5EMA on the 1D chart or around 65568.1-65922.3.
If it touches 5EMA on the 1D chart and M-Signal indicators on the 1D, 1W, and 1M charts, it is highly likely to cause volatility.
Therefore, caution is required when trading as there is a possibility of creating a new wave.
-
The StochRSI indicator is showing signs of entering the oversold zone.
Accordingly, when it rises after entering the oversold zone, it is necessary to check at what point it is receiving support and resistance.
In that sense, whether there is support around 67064.5-67349.7 is important.
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If the StochRSI indicator enters the oversold zone while the BW indicator does not fall below the midpoint (50), it is likely to show a decline such as a pullback or price adjustment and rise again, so it is good to note.
The most ambiguous part in interpreting the BW indicator is when it is at the midpoint (50).
Therefore, when the BW indicator is at the midpoint (50), it is better to think about a response plan for the coin you are currently trading rather than conducting a new transaction.
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I placed a reservation order to liquidate a buy (LONG) position at the 68447.9 point, but it was not executed.
I think this is a part where you can see that the downtrend line (2) is an important trend line.
If you do not break through the trend line (2) strongly, it is expected that the breakout will fail.
-
Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising 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 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTCUSDT - SHORT [Daily Signal] [UPDATE]The growth of the SPX is not organic, a correction of 30-40 percent from current values is inevitable and the question is only before or after the elections.
Bitcoin, being a purely speculative asset will not be able to hold in the approaching storm. This short is not like the previous ones, we have to wait, but we are in no hurry.
Stay tuned.
History is repeating itself!We accurately predicted the Bitcoin bottom when it was trading at $16,700, and now the price moved as we predicted.🚀
Below Idea posted on Jan 2, 2023
In the last two Bitcoin cycles, we experienced 365 days of bear markets followed by a 1064-day bull run from the bottom. Currently, we have completed 690 days of a bull run, suggesting we have almost one year left in this upward trend. Historically, Bitcoin has moved aggressively after each halving, reaching all-time highs (ATH). We anticipate a strong bullish move after October, and if history repeats itself, we could see a bull run extending until October 2025. BITSTAMP:BTCUSD BINANCE:BTCUSDT
Regards
Hexa
#BTC Divergence Phase, how should we trade?📊#BTC Divergence Phase, how should we trade?
🧠From a structural perspective, we can clearly see the existence of a long structure, so the general direction is a long trend, so long trading is the main focus, trend trading will be easier, and the profit will be enough.
➡️If you want to short, it is a counter-trend trade, so counter-trend trading needs to be more conservative, and you need to try it in the heaviest resistance area, and you also need to participate in combination with the short structure.
➡️So, even if you want to short, I am only interested in the resistance area of 70080-72144, or wait until a new high is reached to build a short structure before participating.
⚠️It’s not that I don’t do long trading, but the market does not give us the opportunity to enter, so we can only be more patient.
Let’s see👀
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BINANCE:BTCUSDT.P
Bitcoin Cycles Point to the Next Trough:1. Market Structure:
1.1 HTF Analysis:
Bitcoin has been trading in a downward-sloping channel Since March of 2024.
Bitcoin failed to break out above the channel resistance four times.
“The trend is your friend until it ends.” There is no evidence to suggest that the current trend will be different.
Bias: Short.
Figure 1: BTC HTF M.S.
1.2 LTF Analysis:
The Daily chart is bullish. Bitcoin held the 60K HL and made a double bottom.
As long as the 60K support holds, the bias is bullish.
Bias: Long.
Figure 2: BTC LTF M.S.
1.3 M.S. Summary:
The LTF is bullish, and there is no sign of weakness yet. Initiating a short position is premature, but profit-taking at the top is a no-brainer.
Invalidation: Breakout above 69K and successful retest.
2. Support and Resistance:
2.1 Resistance:
Dynamic Resistance: Channel resistance at 68.2K
Horizontal Resistance: Between 69K and 70K.
2.2 Support:
Horizontal Support: 60K
Horizontal Support: Between 57.5K and 59K.
Dynamic Support: 58K.
2.3 Support and Resistance Summary:
Bitcoin is at resistance. At this point, there is no clear sign of rejection. As we get closer to the cycle’s completion (from October 18th), I expect BTC to generate signs of weakness.
Figure 3: Bitcoin Support and Resistance Levels
3. Bitcoin Short Cycles:
3.1 60D Cycle:
The 60D cycle began on September 6th.
This cycle is 60% complete.
The Next cycle trough will likely be on November 8th.
Bias: Short, but not yet.
Figure 4: Bitcoin 60D Cycle
3.2 100D Cycle:
The 100D cycle Began on August 5th.
This cycle is 70% complete.
The next cycle trough will likely be on November 13th.
Bias: Short. But not yet.
Figure 5: Bitcoin 100D Cycle:
3.3 Cycle Summary:
The odds favor a decline since the 60D and 100D cycles are in their final phase. If not immediately (Friday, October 18th), then as soon as next week (August 20th).
4. Volume:
A high-volume node with little or no price movement can signal a coming top in an uptrend. The high-volume node on October 15th did not lead to a breakout, which signals weakening demand.
There is no bearish divergence.
Bias: Neutral
Figure 6: Bitcoin Price Volume:
5. Momentum:
5.1 Daily RSI: Healthy. RSI is above 50, not oversold, and shows no bearish divergence.
Figure 7: Bitcoin Daily RSI
5.2 4H RSI: The 4H TF RSI is oversold and shows a weak bearish divergence.
Figure 8: Bitcoin 4H RSI
Bias: Neutral
6. OI:
A weak bearish divergence between price and OI/
Bias: Neutral.
Figure 9: Bitcoin OI
Summary:
Although Bitcoin is in the process of topping out, there isn’t enough evidence to support placing a short trade. However, it is advisable, in my opinion, to TP.
Bitcoin Cycles Point to the Next Trough:1. Market Structure:
1.1 HTF Analysis:
Bitcoin has been trading in a downward-sloping channel Since March of 2024.
Bitcoin failed to break out above the channel resistance four times.
“The trend is your friend until it ends.” There is no evidence to suggest that the current trend will be different.
Bias: Short.
Figure 1: BTC HTF M.S.
1.2 LTF Analysis:
The Daily chart is bullish. Bitcoin held the 60K HL and made a double bottom.
As long as the 60K support holds, the bias is bullish.
Bias: Long.
Figure 2: BTC LTF M.S.
1.3 M.S. Summary:
The LTF is bullish, and there is no sign of weakness yet. Initiating a short position is premature, but profit-taking at the top is a no-brainer.
Invalidation: Breakout above 69K and successful retest.
2. Support and Resistance:
2.1 Resistance:
Dynamic Resistance: Channel resistance at 68.2K
Horizontal Resistance: Between 69K and 70K.
2.2 Support:
Horizontal Support: 60K
Horizontal Support: Between 57.5K and 59K.
Dynamic Support: 58K.
2.3 Support and Resistance Summary:
Bitcoin is at resistance. At this point, there is no clear sign of rejection. As we get closer to the cycle’s completion (from October 18th), I expect BTC to generate signs of weakness.
Figure 3: Bitcoin Support and Resistance Levels
3. Bitcoin Short Cycles:
3.1 60D Cycle:
The 60D cycle began on September 6th.
This cycle is 60% complete.
The Next cycle trough will likely be on November 8th.
Bias: Short, but not yet.
Figure 4: Bitcoin 60D Cycle
3.2 100D Cycle:
The 100D cycle Began on August 5th.
This cycle is 70% complete.
The next cycle trough will likely be on November 13th.
Bias: Short. But not yet.
Figure 5: Bitcoin 100D Cycle:
3.3 Cycle Summary:
The odds favor a decline since the 60D and 100D cycles are in their final phase. If not immediately (Friday, October 18th), then as soon as next week (August 20th).
4. Volume:
A high-volume node with little or no price movement can signal a coming top in an uptrend. The high-volume node on October 15th did not lead to a breakout, which signals weakening demand.
There is no bearish divergence.
Bias: Neutral
Figure 6: Bitcoin Price Volume:
5. Momentum:
5.1 Daily RSI: Healthy. RSI is above 50, not oversold, and shows no bearish divergence.
Figure 7: Bitcoin Daily RSI
5.2 4H RSI: The 4H TF RSI is oversold and shows a weak bearish divergence.
Figure 8: Bitcoin 4H RSI
Bias: Neutral
6. OI:
A weak bearish divergence between price and OI/
Bias: Neutral.
Figure 9: Bitcoin OI
7
Summary:
Although Bitcoin is in the process of topping out, there isn’t enough evidence to support placing a short trade. However, it is advisable, in my opinion, to TP.
Bitcoin Ready to Pump!!!Bitcoin ( BINANCE:BTCUSDT ) managed to break the Upper line of the Descending channel and 200_SMA(Daily) .
Bitcoin is attacking the Heavy Resistance zone($67,400-$64,740) .
In terms of Elliott wave theory , Bitcoin seems to be completing microwave 5 of the main wave 3 in the 15-minute time frame , so main wave 3 seems to be extended .
I expect Bitcoin to rise again from the Potential Reversal Zone(PRZ) after the correction .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
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.
btcusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
$BTC Daily UpdateSo BTC Price Action has been played out as expected so far. You could check my previous analysis for more information.
Very strong bearish momentum after mitigating premium and unmitigated daily supply range that we have been waiting for. Price have collected a lot of internal liquidity in Dailly Fractal Structure and I assume the next level price might go is down to $44.000
There is daily flip demand zone at the level of 62.000 - 63.300, and we might get a bullish reaction from that level, but I personally think that level will be used as liquidity and price to mitigate 59.000 - 61.300 demand range. And that is where we could get a bullish reaction If we get any.
Do not try to catch any longs before getting any bullish reaction from the demand zones.
Shorts from 65.200 - 68.000 more probable imo
#BITCOIN DAILY UPDATE.#BTC daily candle closed at $66452 which is bullish in the short term.
It is likely to hit the $68K level. Once that target is reached, the price could push for a new all-time high. However, there’s also a chance of a quick retest at the $61K level—potentially forming a long wick followed by a sharp bounce.
Keep this scenario in mind and remember, Bitcoin is still trading below resistance.
Trade carefully.
Cheers!
Do hit that like button if you like it and share your views in the comment section.
Thank you
#PEACE
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts.
The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing:
Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days:
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BINANCE:BTCUSDT
#BTC short structure destroyed📊#BTC short structure destroyed✔️
🧠From a structural point of view, we broke through the short defense point, which means that the short structure at the 4-hour level was destroyed, that is to say, there is no short structure at present, no matter how it rises, it is reasonable, so please be cautious about shorting unless a new short structure is built.
➡️The reason why we shorted is that we missed this upward trend and wanted to wait for a pullback to enter a new long trade, but the market development was not as expected.
➡️At the same time, this also shows that there is not much profit in counter-trend trading, and we still need to be vigilant at all times. Our short orders are all set after locking in the main profits, and then setting the break-even or moving down the SL. Strict risk management can allow us to go further.
Let's see👀
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BINANCE:BTCUSDT.P
$BTC Daily Analysis UpdatePlease do check my referred CRYPTOCAP:BTC analysis back two days
Daily Swing is Bullish
We have now mitigated the Daily supply that might cause bearish pressure to the demands down below, which will be long position opportunities once we hit the daily demands.
But remember, Daily Internal and Fractal Structures are still Bearish and this recent bullish momentum could be only to mitigate upper Daily Supply zones
As we have internal fractal switched to Bullish now, I play longs till price mitigates the premium daily supply and we get 4H bearish momentum to kick in
I have tried to explain my expectations on the chart
Please do comment If you would like to discuss any trade idea
Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend.
Key Support and Resistance Levels
Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout.
Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit.
Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets.
Trend Analysis
The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum.
The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable.
Targets and Profit Zones
The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario.
Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7.
Risk Management
The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses.
With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits.
Conclusion
Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Bitcoin Bear Trap: A Historical Pattern Suggests a Rally Ahead!BTCUSDT technical analysis update.
The Puell Multiple is a metric that compares the daily issuance of Bitcoin (in USD) to the 365-day moving average of that same issuance. When the Puell Multiple is low, it often indicates that Bitcoin is undervalued, signaling a potential accumulation phase or a bear trap. Conversely, a high Puell Multiple suggests overvaluation, often preceding market corrections.
Currently, the Puell Multiple shows that Bitcoin is trading at levels consistent with previous bear traps in its market history. This pattern has appeared in the last three cycles of Bitcoin, where price action initially suggested bearish momentum before reversing sharply into a bullish trend.
In the previous cycles, the Puell Multiple signaled bear traps, allowing traders to identify key accumulation points. Following these signals, Bitcoin experienced significant bullish rallies, highlighting the indicator's reliability. With the current Puell Multiple levels indicating a bear trap, we could be on the brink of a bullish rally in the coming days.
Regards
Hexa