Bitcoin Analyze (Short Term, 15-minute Time Frame,02/18/2023)!!!Bitcoin was bullish today, but I don't think it will continue this trend; one of the most important reasons for me is the wave structures, which I don't mention in this post.
Another reason is the possibility of forming a Bump-and-Run Reversal Top Pattern.
The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche.
In this scenario, only professional skiers/traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow!
This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases:
1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain.
2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak.
3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way.
Bitcoin seems to have passed the peak of the Bump-and-Run Reversal Top Pattern Bump and is completing this phase.
After breaking the support trend line, the Run phase is expected to start.
Also, we can see the Regular Divergence(RD-) between Lead-in Phase and Bump Phase.
❗️ Note ❗️: After Bitcoin breaks the Bump Trend line, we can confirm the bump-and-Run Reversal Top Pattern.
❗️ Note ❗️: if Bitcoin goes up over $25300, Bump-and-Run Reversal Top Pattern will fail, and Bitcoin can go up more.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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XBTUSD
BTC short term. Good News & Bad News.Good News is that the start of the recent trend is based on retesting the 15 months old bearish trend line which was broken sooner. BTC went up 18% in about 71 hours and then rejected from the 6 Months old resistance and came down 7% in 8 hours. Fibonacci levels are interesting to notice.
Good news is that there is a bullish trend line acted as support each time price was rejected.
Bad news is that the last high is lower than the previous one with lower volume. And we will have less volume and price movement for Saturday (today) and Sunday (tomorrow).
Generally, the trend is bullish, but the price action has weakened since the last pump. Waiting for more information.
The script used for weekday average can be founded here
Bitcoin Analyze (Short Term, 15-minute Time Frame,02/17/2023)!!!It seems that Bitcoin was able to complete microwave 4 of microwave 5 of main wave 5 near the heavy support zone.
I expect Bitcoin will continue its growth to around $25780 or maybe more.
❗️Note❗️: My posts are NOT financial advice in any way.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Road Map, 02/16/2023)!!!🗺️Bitcoin has confirmed the end of its main wave 4, by to the growth it had the previous day.
I expect Bitcoin to start growing again after returning to the broken resistance zone and complete its main wave 5.
You can see Bitcoin's daily and weekly analysis from the links in the chart.
Bitcoin Analyze ( BTCUSDT ), Bitcoin Analyze ( BTCUSDT ), 4-hour time frame⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/13/2023)!!!I hope you have followed my posts and swept the market😎 💵dollars💵😎.
Although my posts are NOT financial advice in any way.
It seems that after Bitcoin went through a bull trap, it completed microwave 4 of wave C and is currently on the way to completing microwave or, rather, completing wave C.
The structure of microwave 5 of main wave C can be an Ending Diagonal pattern.
I expect Bitcoin to start growing around the Monthly Pivot Point(or PRZs) and find the end of its wave C.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Road Map, 02/05/2023)!!!🗺️After breaking the important downward trend line, Bitcoin seems to have passed the main corrective wave A and is on the way to completing the main corrective wave B.
If you are curious about the structure of the main wave A, I suggest you take a look at the following post.👇
If you pay attention to the microwaves on the daily time frame, you will notice that Bitcoin has passed microwave 3, and since microwave 2 was a price correction, I expect microwave 4 to experience a⏰ time⏰ correction.
I marked the end of microwave 4 (zone) on the chart.
We can also consider microwave 4 as a pullback to the broken important downtrend line.
The interesting point is that SMA50 and SMA200 are creating one of the famous signals, the Golden cross.
🟡What is a Golden Cross❗️❓🟡
A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
❗️ Note ❗️: Be sure to follow me in the next post; I will talk more about Bitcoin's bullish signs, targets, etc.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
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Bitcoin Analyze (Short Term,15-minute Time Frame,02/15/2023)!!!It seems that Bitcoin has created the 🏁Bearish Flag Pattern🏁 between heavy resistance and support zones; the shooting star reversal pattern can be a good sign for the beginning of the downward trend in the coming hours.
I expect Bitcoin to decline to at least the support zone.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/11/2023)!!!Today's analysis continues the previous analysis about Bitcoin that I shared for you in the 1-hour time frame.
I suggest you spend a few seconds on the previous post.👇
As you can see in the chart, Bitcoin is moving in the heavy support zone and PRZ(Price Reversal Zone); at the same time, it seems to be completing wave 4 with a zigzag(ABC) correction.
I expect Bitcoin to rise to the resistance zone and then fall back to the zone I marked on my chart.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 1-hour Time Frame,02/09/2023)!!!Hi everyone👋
If you have been following me, most likely some of today's chart is familiar to you 😊.
Over the past month, I have tried to share with you most of the major movements of Bitcoin in the 15-minute time frame.
I hope these analyses have helped you make a profit, although my analyses are not financial advice.
Let's go back to today's chart:
After breaking the support zone, Bitcoin is attacking the heavy support zone, also with the help of Elliott wave theory, Bitcoin is most likely completing microwave C of zigzag correction.
I expect Bitcoin to rise again, at least to the broken support zone.
Bitcoin Analyze ( BTCUSDT ), 1-hour ⏰.
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BTC has short term upside but likely to make one more lowBTC has found support at a key level but from a fibonacci standpoint, it looks like we're in the middle of two important zones at the 23.6 and the 38.2.
What does this mean? We're looking like a pivot for a few days is among us and support is likely to be found at the $20800 area which is where the 38.2 is and where I expect this larger degree wave 4 to terminate.
This is also in alignment with the trendlines that formed during the chop from January 20 through February 8. The rise is likely to retest the rising trendline that has formed and watch for some divergence to form around there, too. We'll likely reject that area, make one more local low and then continue up into our wave 5.
Everyone asks about time. How long will it take? Nobody is perfect with timing but if I had to make an estimation, there's a major time cycle on February 14th that I've been talking about for at least a month. Well, that's only a few short days away. Lets see how things resolve from here.
Cheers!
BITCOIN (BTCUSD): Key Levels to Watch ₿
Here is my latest structure analysis for Bitcoin:
Resistance 1: 22300 - 22700 area
Resistance 2: 24200 - 25400 area
Support 1: 21200 - 21600 area
Support 2: 20350 - 20700 area
Support 3: 17800 - 18400 area
The market has finally started a correctional movement.
Watch carefully a reaction of the price to Support 1,
its bearish breakout may push the price lower.
Consider the underlined areas for a pullback, breakout trading.
❤️Please, support my work with like, thank you!❤️
Bitcoin Analyze (Short Term, 15-minute Time Frame,02/01/2023)!!!Today, I want to share Bitcoin analysis by one of the classic technical patterns.
It seems that Bitcoin is running in a symmetrical triangle.
I expect Bitcoin to go up after breaking(valid) the upper line of the symmetrical triangle.
Also, Bitcoin was able to make a fake break.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 30-minute Time Frame,01/30/2023)!!!Bitcoin moved as I expected✅😎👇
Since the collapsing waves have a structure of 5 microwaves, it seems that Bitcoin is forming one of the most common corrective patterns, namely Expanding Flat (3-3-5).
I expect Bitcoin to go down until its support zone and then start to rally.
Bitcoin Analyze ( BTCUSDT ), 30-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/24/2023)!!!Bitcoin seems to be forming a double three correction(WXY) pattern in the 15-minute time frame.
The main wave X ended with an ending diagonal pattern, and Bitcoin is completing the main wave Y (of course, the main wave X can include various combinations of corrective waves).
Another thing I can say about the theory of Elliott waves is that when the main wave W has a zigzag structure, it is less likely that the Y wave will be a zigzag pattern, so for the main wave Y, I expect more flat and even triangle corrections.
I tried to show you the end of main wave Y in my chart (PRZ(Price Reversal Zone)).
If you want to know more about the higher time frames of Bitcoin, I recommend you to read the previous post and the following post about Bitcoin.👇
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/25/2023)!!!Bitcoin moved as I expected in yesterday's post👇✅
Bitcoin seems to have found the end of wave Y in PRZ(Price Reversal Zone).
I expect Bitcoin to rally to the downtrend line.
If this line breaks upwards, we can more confidently talk about the end of the Y wave. Otherwise, Bitcoin is still in the main wave X.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/29/2023)!!!Bitcoin moved as I expected✅😎👇
The story of Bitcoin waves is a bit complicated these days, so the main X wave seems to have a Double Three Correction structure.
Bitcoin is running near the PRZ(Price Reversal Zone).
I expect Bitcoin to at least drop to the support zone, given the wave structure after breaking the uptrend line.
Also, Given that the RSI is moving near the downtrend line and the 70% line on the 4-hour timeframe, the RSI can go down at the 4-hour timeframe.👇
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/28/2023)!!!Bitcoin is moving near the support zone. It is also breaking the downtrend line.
I expect Bitcoin to go up to the resistance zone at least, and if the resistance zone breaks upwards, we can confirm the end of the main wave Y.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/07/2023)!!!It seems Bitcoin was able to complete main wave 4 in the resistance zone & lines.
I tried to publish two short positions with different RR.
I expect Bitcoin will go down at least until my Take profit 1(TP1).
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that 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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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/06/2023)!!!Bitcoin was able to break the downtrend line by breakout the candle.
I expect that Bitcoin will go until my TP.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that 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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"dancin' with jack ketch" 🏴☠️ Yo-ho-ho!
while the bears stay dancin' with jack ketch,
we're about to cleave em to the brisket.
---
market is in the midst of a significant bottoming process down here,
i predict the next two weeks shall bring us back up near the august highs (potentially higher).
---
invalidation: november lows
🏴☠️
Bitcoin Analyze (Short Term, 15-minute Time Frame,02/03/2023)!!!It seems that Bitcoin was able to complete the double three correction(WXY) in PRZ(Price Reversal Zone).
Also, we can see the Descending Broadening Wedge Pattern that Bitcoin broke the upper line(downtrend line 1) of it by a breakout candle.
I expect Bitcoin to go up at least to my target.
If Bitcoin can break the downtrend line 2, we can verify the end of the correction.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that 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.