💡Signs of the end of the Bitcoin Range Market💡Hi everyone👋 (Reading time less than 5 minutes⏰) .
Bitcoin has been moving in a Rectangle Pattern for over 25 days ⏰.
📚 Rectangular Pattern : The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle.
🌊According to the theory of Elliott waves , the structure of the main wave 5 was Expanding Ending Diagonal , and it is expected that the beginning of corrective waves will be confirmed after the break of the lower line of the rectangle pattern .
💡Bitcoin's entry into the lower area of the rectangle pattern is different this time than before, as it is the first time in the past two or three days that Bitcoin has significantly broken below the 100-SMA and 100-EMA .
💡Also, a SELL signal can confirm the end of the five impulse waves of Bitcoin.
🔔I tried to chart the possible movements of Bitcoin over the next 2-3 days .
🔔I expect Bitcoin to FALL to at least the 🟢 support zone($28,450-$28,080) 🟢 after breaking the lower line of the rectangle pattern.
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🌐➕ Positive News ➕🌐:
Rich Dad Poor Dad Author Says He’s Sticking With Bitcoin (BTC) Amid ‘Sad’ State of America.
A recent Glassnode report shows that the number of addresses with at least one Bitcoin(BTC) has reached an all-time high
SEC accepts BlackRock’s Bitcoin ETF application for review
🌐➖ Negative News ➖🌐:
Major Australian Bank Bans Payments to Binance Amid Regulatory Crackdown.
Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
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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, this is just my Idea, and I will be glad to see your ideas in this post.
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Btcusdtshort
BTCUSDT DAILY : DAILY ROADMAPHi Guys Hope you well.
As shown in the chart, we are in a six-month upward trend line. The weakness in the daily chart is clear for the price to rise.
But the important point of changing the structure from downward to upward in the long term of Bitcoin is clear. I expect that with the failure of the trend line, the price correction will be done in the first stage to the range of 26500 and then towards 21000 dollars, which was the origin of the upward movement.
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the short time.
SecondChanceCrypto
⏰ 2/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
Btc following our plan Btcusdt
If you are following us, we predicted that 32k is top for btc this year and btc is moving as we expected
On latest analysis I am still expecting price to drop towards 24k
There is a another (3rd) breakdown on 4h time-frame
Formed bearish channel on daily time-frame
Btc is going to face very tough time
Note : This is just an idea, do your own research before taking any decision and yes if you are satisfied with our work ,kindly make sure to support us
Happy trading
Crypto By Ghazi 💪
How will the Candle of the current 6 Months be Closed❗️❓Hi everyone👋 (Reading time less than 5 minutes⏰) .
Today I want to show you the 🎯 target 🎯 of Bitcoin for the next 5 months using the 6-month Bitcoin candles.
⚖️Bitcoin has created 6-month candles in the last 7 years, and if we look closely at these candles, we can see similar movements in them.⚖️
⚖️I divided the 6-month candles into 5 similar movements.⚖️
⚖️The first movement consists of three candles, which showed an upward movement before the start of the correction, which are similar in both periods of the first movements.⚖️
⚖️In the same way, the next candles had similar movements.⚖️
⚖️If the fifth movement wants to be similar to the fifth movement of the previous movement, the candle of the current 6 months has to close in red, and 50% of the fourth movement should have a minimum decline (about $22,780) .⚖️
🔔As a result, I expect Bitcoin to drop to at least $22,780 in the next 6 months.
It is interesting to know that this analysis is similar to my previous post on "Bitcoin 🗺️Road map🗺️for 300 Days Before Halving 2024❗️"It is compatible; I recommend you to read the following post as well.👇
Bitcoin Analyze ( BTCUSD ), 6-months 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 Falling with the Help of Descending Channel🚨Bitcoin has managed to form a Descending Channel after breaking the 🟢 support zone($29,850-$29,480) 🟢.
Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢.
Bitcoin is currently near the upper line of the descending channel .
🔔I expect Bitcoin to continue its downward trend in the next few hours .
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🌐➖ Negative News ➖🌐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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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.
🗯 BTCUSDT | Daily 🗯If we break under 30k, I'm thinking of a fall to fibo 0.382 and maybe lower, to 0.50 close to the ascending line.
In the worst case scenario 0.618 is possible, but reached this level, the price will instantly go up potentially.
We are on a range level, many people are waiting for direction confirmations to take their trade, a future "big" movement is to be expected.. Be careful 💣
BTC will fall beneath 26-27kHello Traders
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
📈Bitcoin prediction, 26K or 31K? 📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders
Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis.
In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas.
If the price breaks below the mentioned areas, the price will drop to the level of 28,150 and then 26,500.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
BTCUSDT 4H : READY FOR SELL Hi Guys Hope you well,
The uptrend is very weak and I expect to see a good drop in Bitcoin once the price box is reached.
SecondChanceCrypto
⏰19/JULY/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
BTCUSDT H4: SHORT SETUPHi Guys Hope you well.
As indicated in the chart, you can see 3 selling trading positions. Don't forget to enter the trade in the low time after getting confirmation from the chart. In the first set-up of FVG and in the second and third set-up, the supply area is the place to enter the position. With the excitement on Thursday from the Ripple market court, there was a good growth especially in altcoins, but the exhaustion of the trend is completely evident in Bitcoin, and I expect the end of the uptrend.
#BTC 🔴M5. Short (Bitcoin)In general, the situation is LONG, but since the price went beyond the H4 range and returned back, it looks like a fixation in the range, we can try to take a correction.
Above the market opening price. (✔️)
Imbalance at the border of the H4 range. (✔️)
Price under the First Buyer of Exchange Options. (⚠️)
input: 31541
stop: 31756
tp-1: 31321
tp-2: 30890
BTCUSDT H1 : SHORT SETUP Hi guys , Hope you well
As you can see, the weakness in the upward trend is evident. We can have a fall by hitting the red box level in the step of 29500 and even in the next step to 27600. Also, a Wykoff pattern is forming in the higher time that I load the chart. Don't forget that we have important economic news today.
SecondChanceCrypto
⏰12/JULY/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
BITCOIN first 28k then more green candlesticks ❌🧨Hello 🐋
based on the chart, the price again sticks in the range position middle of the parallel channel 📖💡
for
any other huge pump, we need even more correction to the downside ❌🧨
beside
brief amount of gain and green candlestick is logical 📖💡
and
range candlesticks to the upside and downside before any other sharp movement is logical too 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BTCUSDT at hourly resistance, likely to retraceThis short idea was originally from yesterday when the price bounced on the first hit of the daily support zone DS1, but did not have confidence to execute it. The bounce of the price was expected on both occassions when the price hit the daily support. Specially a very nice entry was there from the bottom of the support zone. I think the price is going back to the support zone again and therefore a short trade will be favorable here. The target should be the bottom of the daily support zone, 29736.
Bitcoin Road Map(15-Min)🗺️!!!Bitcoin fell again to the bottom of the Rectangle pattern and the 🟢 support zone($29,860-$29,420) 🟢; however, considering the momentum of Bitcoin's fall, I expect the growth of these few hours to be a corrective structure.
To better view the Rectangle pattern , see the post below.👇
Bitcoin was able to complete the Zigzag correction(ABC/5-3-5) on the 🔴 resistance zone($30,500-$30,370) 🔴.
I expect Bitcoin to fall back to the 🟢 support zone($29,860-$29,420) 🟢.
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.
Short BTCUSDT at 30.9 -> 31k | Target 27-> 28k
The market is in the distribution stage. So I will comeback to BINANCE:BTCUSDT.P short Setup
Entry SHORT at 30900-31000
SL: 31400
TP1: 29800
TP2: 28500
My Setups are usually simple and straightforward
I will update this Setup regularly
Thank for your comment and boost, follow
BEARISH FOR JULY
BTCUSDT H4: NICE SHORT SETUPHi Guys , Hope you well
A trend has been made below the price, which is breaking, showing us the range of 28,600-26,000. Also, the economic data was announced in accordance with the market's decline. I expect the price to suffer for a while and then we will see a rapid downward movement.
SecondChanceCrypto
⏰6/JULY/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.