#BTC/USDT 3D (Binance Futures) Ascending channel on resistanceBitcoin is facing historical supply zone and RSI about to enter overbought territory.
Local top seems near and price may retrace down to 50MA, mid-term.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.5%
Current Price:
51926.9
Entry Targets:
1) 52197.8
Take-Profit Targets:
1) 40814.3
Stop Targets:
1) 57903.8
Published By: @Zblaba
CRYPTOCAP:BTC BINANCE:BTCUSDT.P #Bitcoin #PoW #P2P bitcoin.org
Risk/Reward= 1:2.0
Expected Profit= +109.0%
Possible Loss= -54.7%
Estimated Gaintime= 2-4 months
Xbt
Run it back Turbo! besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc.
the probability that we have bottomed out is in my opinion quite high from what i see and feel.
so here i drew some trendlines and a fib circle
the Ellipses are equal size (copy/paste)
they seem dancing around the following fib circles coloured RED.
1st = 1.618,
2nd = 4.618,
3rd = 6.618
i speculate the upcoming 4th = 8.618
added the past halving dates and upcoming 4th halving aprox early Q1 2024
of course this is not financial advise but an idea exploring visible patterns and possible target zones.
let me know your thoughts.
$140,000 Halvening Avg Price The Trend Line Has Been Held.
In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring).
The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame).
Diminishing returns is not relevant here as we can see the 2017 cycle virtually almost replicated the same movement.
So we draw all the cycles and it gives us a middle range of around $350,000. This next move will be the fasted and volatile one of this cycle the entire reason this works is people get (bored) during this phase then they don't have months to react you have weeks and days.
The environment where the FRED cannot raise interest rate. There is still 10s of trillions floating around the market from QE / BTFP. Institutions relentlessly keep allocating to the Bitcoin ETFs. We are weeks away from the public traded supply dropping under 1,000,000. (lowest in Bitcoins history"" Not counting the first start up years"
I hold my positions we see a minimum 8x before the year ends. Unless a global black swan event occurs, nothing will derail this.
Watching the reactions at $20,000 when I was promoting the fact we would be near $50,000 within months really gave me a reality check on how little people understand this asset.
Bitcoin ended the uptrend and now we are going to new bottomIn this comprehensive analysis, we delve into Bitcoin's current market trajectory, highlighting a potential end to its recent uptrend. Based on the Elliott Wave Theory, we are currently observing a pivotal transition that could redefine Bitcoin's market value in the near term.
Our analysis suggests that Bitcoin, currently hovering around the $42,000 - $43,000 range, is on the brink of a significant downturn. We anticipate a sharp decline to levels below $10,000, potentially reaching as low as $6,000. More dramatically, this descent might not halt until Bitcoin hits a staggering low of around $1,000. This price point is projected to be the foundational bottom, setting the stage for an unprecedented bullish wave.
This expected downturn is classified as Wave 2 in the context of the Elliott Wave Principle. This phase is crucial as it typically precedes a strong bullish momentum. Our projections indicate that following this dramatic decrease, Bitcoin could enter a rapid and robust Wave 3, soaring to new heights between $130,000 and $150,000. This surge is not just a recovery but a monumental leap, potentially setting new records in the cryptocurrency market.
It's important to note that while this analysis is rooted in well-established financial theories and current market trends, investors should approach with caution. The cryptocurrency market is known for its volatility and unpredictability. As such, this analysis should be considered as one of many possible scenarios, and investors should conduct thorough research and consider a variety of factors before making investment decisions.
Stay tuned for updates and further insights as we continue to monitor Bitcoin's intriguing market journey.
2024 top down analysis for bitcoinzones above zones below.
we have just tagged my main bitcoin target at the gp pullback, 3M orderblock and value area high of the ath consolidation.
i have several deep zones below and i think we may see a pullback as deep as 25k, if there is overshoot then we could tag the lower ones sub 20k again but it would require significant economical factors to get there.
there is every chance we do not lose 30k and bounce above that first however the strongest confluence of support is lower.
the halvening is a typically bullish event in crypto so the drive (similar to the etf narrative) could hold prices higher.
if we keep above 40k then there is every chance we go for the higher box and reaction dependent maybe an ath, ie "up only, forever"
thoughts for a pullback is that there is plenty of liquidity to swipe below + a cooking market with retail hype due to news
[Bitcoin] next steps (update)Here's an update of my previous ideas.
Reminder of bullish factors:
- bullish pattern
- golden cross
- bullish divergences
- end of the big falling wedge (throwback completed)
- historical technical supports (Price, MACD , Disparity Index , RSI )
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to Transactions ratio)
Sec will reject all etf bitcoin today.Today marks a critical point for Bitcoin, as the ETF is set to announce their decision on the Bitcoin ETF. There's a strong likelihood that the ETF will be rejected, a decision that could trigger a substantial market reaction. We're potentially looking at a significant price dump, where Bitcoin could plummet to the $3,000 to $1,000 range, and it might even go below $1,000.
This drastic decrease, however, presents a unique opportunity. For investors and traders looking to capitalize on market movements, this zone is poised to be an exceptionally lucrative buy zone. The potential for recovery and a surge to new highs is substantial, making it an ideal time for strategic investment decisions.
Keep a close eye on market trends and be ready to act as this scenario unfolds. Remember, market dynamics are unpredictable, and it's crucial to approach with caution and do thorough research before making any investment decisions. Stay updated and prepared for a significant shift in the Bitcoin market landscape.
🅱️ 10X Lev. BTC (XBTUSD) Long Trade Signal (730% Potential)This is part 2. I am sharing the full numbers with you.
Part 1 was the 333% 10X Long from 23-Nov-2022 (See here) .
======
LONG XBTUSD
Leverage: 10X
Buy-in: $21,000 - $22,222
Targets:
1) $25,150
2) $28,500
3) $31,000
4) $34,800
5) $35,000
6) $37,500
Stop-loss: Close daily below $20,500
Liq. price: $20,174
Potential profits: 730%
Capital allocation: 3%
======
✔️ Leveraged trading is for patience, smart, responsible and experienced adults/persons.
✔️ There is always risks involved when trading and a break down can lead to the liquidation of a full position.
✔️ Experience is needed to adapt to market conditions as things change.
✔️ The position might need adjustment such as adding more collateral, reducing leverage, securing profits, securing the trade, closing the trade before expected, etc.
✔️ This information is shared to your advantage but should not be construed as financial advice. All the information shared by the author is intended for learning and entertainment purposes only. You are responsible for your own actions.
This position we originally shared 14-February and hit the first target. After a target is hit, a retrace/correction is normal and expected.
✔️ Retraces and corrections can be used as opportunity to buy-in, rebuy and reload.
I am wishing you tons of success.
I am sending you good vibes, now & always.
I am wishing you health, wealth, happiness and joy.
May God, the Universe, Divinity, Source, Life, Nature bless you with the accomplishments of all of your hearts dreams and your souls desires.
Let's hope for another big success in this trade.
Thank you for reading.
Thanks a lot for your amazing and continued support.
Namaste.
#BTC/USDT 15m (ByBit) Symmetrical triangle breakdown and retestBitcoin is retesting local supply zone and printed a death cross + an evening star, looks ready for a retracement down on Low Time-Frame.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (35.0X)
Amount: 5.0%
Current Price:
43593.7
Entry Targets:
1) 43789.6
Take-Profit Targets:
1) 42287.0
Stop Targets:
1) 44291.3
Published By: @Zblaba
CRYPTOCAP:BTC BINANCE:BTCUSDT.P
Risk/Reward= 1:3.0
Expected Profit= +120.1%
Possible Loss= -40.1%
Estimated Gaintime= 1-2 days
[Bitcoin] next steps- golden cross
- increasing volumes
- bullish divergences
- end of the big falling wedge (throwback completed)
- historical technical supports (Price, MACD , Disparity Index , RSI )
- blue pill (Hash Ribbons indicator, not in this chart)
- bottom found (Puell Multiple indicator, not in this chart)
- reversal signal (Network Value to Transactions ratio, not in this chart)
#BTC/USDT 2D (ByBit) Rising wedge breakdown and retestBitcoin is facing historical supply zone and seems likely to get rejected on it, especially with that overbought RSI.
Probably wise to hedge short towards 100EMA support for the months to come.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.9%
Current Price:
33884.4
Entry Zone:
34464.6 - 36135.0
Take-Profit Targets:
1) 30982.8
1) 27731.6
1) 24480.3
Stop Targets:
1) 38912.3
Published By: @Zblaba
CRYPTOCAP:BTC BYBIT:BTCUSDT.P #Bitcoin #PoW bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.9% | +85.8% | +122.6%
Possible Loss= -40.9%
Estimated Gaintime= 2-5 months
$17k bitcoin, saylor hold on!capitulation day, could we be seeng $17k bitcoin? the longest of long term trendlines must hold at the 100 monthly moving average.
my worry is even if this bounces here we have broken a mid term trendline signifying that this could be a dcb (profitable dcb) - is bitcoin dying?
bitcoin weekly looks like it could run the highs againtrade pressure is coming back to neutral from a positive move, this coincides with landing into a support zone
it felt weird how bitcoin did not take last years liquidity just above 32k
as it currently forms a bull flag/wedge into the support zone we could see some relief and a move up soon
the question is whether it is a corrective B wave, or the start of a final wave to the mid-30/40k zone
BITCOIN short term bullish updateBTCUSD
price broke above wedge structure. after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
😱 BITCOIN PRICE PREDICTION 2020/2021 😱 NEW PHASE ‼‼‼Here is the update on history of Bitcoin. NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013.
1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase
2. Ascending Triangle Phase
After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle , similar shape, similar period of 155 days. Next price moved upside to next phase.
3. Flat Zone Phase
After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase
4. Inverse Triangle Rise Phase
In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash.
5. Sudden Crash Phase
So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6.
6. Lack of Certainty Top
In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility . Here is the prediction starts, in 2017 after breakout we faced 7th phase.
NEW. 7. ATH Volatility Spike
In the beginning of 2017 you can see green rectangle - at that time price approached 2013 ATH ($1150) and looks like there price start to jump really fast. Price made a pullback from ATH and then tried to break it, showing false breakout and then only at third attempt it broke the ATH level and Parabic started
8. Parabolic Rush Phase
So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :)
👉 What price do you think we will face during end of 2020 and in 2021?
Stay tuned, have a good profits
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