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 ⏰.
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XBTUSD
BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023 BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023
Based on the data from DVOL, we can see that currently the IV for this week is at 58.03%, down from 64.38% last week.
This can be translated in +/- 8.05% movement from the open of the candle, which makes the next top/bot channel
TOP: 25655
BOT: 21833
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at 78%(80% since 2022)
From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
70% to touch the previous weekly high
27% to touch the previous weekly low
At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: +26% Bullish Trend
D Timeframe: +80% Bullish Trend
W Timeframe: 0% bullish/bearish Trend
Lastly on average, based on the current percentile, we can expect that our asset is going to move:
4.6% from the open candle for the bullish scenario
7.24 from the open candle for the bearish scenario
BITCOIN (BTCUSD): Structure Breakout ₿
Bitcoin has broken and closed above a key daily structure resistance again this week.
Even though the market remains weak at the moment, I think that buying volumes are silently accumulating.
The market will keep growing soon.
Next resistance - 24400
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Bitcoin Analyze (Road Map,10/13/2022)!!!🗺️Today I want to define a road 🗺️map🗺️ for Bitcoin using the Elliott wave theory.
From the very beginning, I must say that Bitcoin is currently in a microwave that can have a structure similar to my analysis or even find other structures.
But you can be sure of one thing = Bitcoin will definitely experience another fall and at least touch the previous bottom ($17622) again.
Bitcoin seems to have completed a full cycle at $69,000. And these months are completing the main wave A by the Triple Three Correction.
Because the two waves, W and Y, had a zigzag structure, it is likely that the main wave Z also has a zigzag structure, which means that we are probably witnessing a Triple Zigzag.
I marked the end of the main wave A in my chart so that this wave A is probably completed in the heavy support zone.
🔆Fundamental: Due to the ongoing war between Russia and Ukraine and the impact that this war can have on the supply of gas and electricity in Europe (increasing the cost of living in Europe), especially in winter. Also, probably the more inflation growth in the USA, it seems that the Cryptocurrency market will not have good days.
Bitcoin Analyze ( BTCUSDT ), Timeframe Daily⏰.
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Bitcoin Analyze (Short Term, Timeframe 15min,12/22/2022)!!!Bitcoin is moved as I expected ✅👇
I expect microwave C to finish on the support zone, and then we can see an upward trend to the downtrend line and my target.
Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/19/2023)!!!Bitcoin is running at PRZ(Price Reversal Zone) and near the resistance lines.
Also, Bitcoin was able to make a Shooting Star candlestick Pattern at PRZ.
I expect Bitcoin will go down at least until the uptrend line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/22/2023)!!!Bitcoin is in a very sensitive area; you may ask why?!
Bitcoin is actually ⚔️struggling⚔️ to break the most important downtrend line that has been forming since the end of 2021.
If this important downtrend line is broken by Bitcoin validly to the upside, we can expect Bitcoin to approach the $30,000 zone(Bitcoin's most important resistance) in the coming months.
Now let's go back to the 15-minute chart.
Bitcoin seems to be forming a corrective zigzag(ABC/5-3-5), so wave A is completed, and wave B seems to be completed as well.
I expect the end of wave C in the PRZs to finish and Bitcoin to start falling again to the important downtrend line.
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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pejman_zwin: A 🎁Gift🎁 for a 🎂Birthday🎂, Bitcoin Analyze!!!🎊🎉🎁Today is my birthday🎁🎉🎊.
The markets might be giving me a rough ride🎢, but I'm not going to let it spoil my birthday celebration🥳. After all, as they say, "In the stock market, as in life, it's not about waiting for the storm⛈️ to pass; it's about learning to dance🕺🏻 in the rain☔."
I decided to take a break and enjoy💕 my birthday. After all, it's not every day you get to experience a market crash💥 and a mid-life crisis at the same time🗓️. But don't worry; I'll be back in the markets tomorrow, ready to make some money and maybe a wish or two.
I know the markets can be rough, but just like my life, it's all about buying low and selling high. So, I'm going to enjoy💕 my cake🧁, open some presents🎁 and maybe buy some stocks💰 on sale.
So, as I'm blowing out🌬 the candles on my birthday cake🎂, I can't help but think about all the parallels between life and the markets. Like they say, "In the stock market, as in life, you're either a bull🐂 or a bear🐻, but it's always better to be a live one."
Besides all the good feelings and jokes about today, in the past year, things happened to Bitcoin 🧨 that attracted everyone. I was checking the past analysis and decided to share them with you because it would be interesting for any trader to know the market's future.
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On October 8, 2022, I published a post that showed Bitcoin on a monthly time frame👇. As you can see in the chart, Bitcoin will have an upward movement in the Time Reversal Zone (TRZ) between November and January📅, Bitcoin will have an upward movement in this zone after breaking its trend line. According to the analysis I shared, this happened✅.
Of course, this move can be like a pullback to the trendline. But I believe it is not yet clear which direction 🛣 the market will go. We traders are waiting for Bitcoin like a man waiting for his wife to show up for a party 💃.
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Now let's go to the lower time frames—for example, two weeks👇. According to the theory of Elliott waves, it seems that we have passed five primary and impulsive waves in this time frame, and we have entered the main and corrective phase of Bitcoin. The end of wave🌊 A could be on the shore ⛱ of the Price Reversal Zone (PRZ). Of course, to confirm this event, we must wait for the authentic failure of the important downtrend line. Otherwise, it is still expected that Bitcoin will continue declining and be caught under the feet of market bears🐻. In my opinion, when Bitcoin left its ascending channel, it became difficult to return Bitcoin to its peak days, or at least it will be difficult until the next halving, but we still have to wait for this beautiful wife 👰.
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Do we have an analysis in a lower time frame? Yes, weekly time frame👆. Our main post on Bitcoin weekly time frame. This candle📊 is essential because it coincides with my birthday 😜. I'm joking, but this candle really affects the fate of Bitcoin. As we expected, the price of Bitcoin grew in the Time Reversal Zone(TRZ), approached the important downtrend line, and finally pulled back to the broken important support line. If Bitcoin forms a weekly candle above the important support line and the important downtrend line, the failure of the important support line will be a fake break, and we can expect Bitcoin to grow to the $30,000 area. Finally, we can confirm the end of the primary wave🌊 A.
Of course, I would like to add one more point. If you pay attention to the Exponential Moving Average 200 (EMA200) and Simple Moving Average 200(SMA200), you will see that the EMA📈 is mainly above the SMA📉, and we have seen Bitcoin grow whenever these two lines have come close to each other. If the EMA can break the SMA to the bottom, this event will cause Bitcoin to go below the important downtrend line again, and in fact, this will be a negative sign☹️.
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Are you ready for a lower time frame, kids👼? Aye, Aye, Captain.
I published this post on October 13, 2022, and it shows how good this analysis was 🙂!
It seems that we have found the end of wave🌊 A.👇
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To be honest, this post was a bit of Bitcoin analysis and a show-off 🦚. So that I could inform you of what happened during this time. I was joking, but I really hope the analysis always goes so well and the market will behave as you expect to make a green portfolio in both the bullish and the bearish Market.
I might not be making money in the markets today, but I'm making memories with my loved ones, and that's worth more than any stock ever could be. So, I'll raise a glass of birthday cheers🍻 and make a wish for another year of good returns.
As I'm looking back at my past year, it's like an investment portfolio, some good returns, some not so good, but I'm still in the game and looking forward to what's next.
I know that life is full of surprises and unknowns just like the markets, but I'm ready for it. In the end, it's just a reminder that life and the markets are unpredictable, but that's what makes it so exciting. And I'm going to enjoy my birthday and hopefully, make some money💲 too.
Long story short, as they say, "In the stock market, as in life, you win some, you lose some, but it's the birthday cake🎂 that really counts."
Happy birthday to me🥳, and I wish you the best investment💸 and a world full of peace and tranquility.
breakout on log chartHeads up....
a breakout on the log chart is a game changer for BTC bulls.
FED hiking cycle reaching the final chapters and pulling a handbrake on USD.
We are entering into the 5th (impulsive) wave now.
Keep an eye on $25,000 in BTC this week. We could see a leg to $46,000 as early as this Quarter.
Stay long. Outguess the break.
Bitcoin Analyze (Short Term, 1-hour Time Frame,01/20/2023)!!!🪒Bitcoin is running near the resistance zone and the resistance lines to form the best harmonic pattern, "Gartley."
I expect Bitcoin to fall to the support line for the third time.
After the possible fall of Bitcoin to the support line, we will have two scenarios.
🟣The first scenario is the regrowth of Bitcoin to the resistance zone and falling back to the support line (fourth time), which can form a Rising Wedge pattern.
🟣The second scenario, which I think is more likely to happen, is that Bitcoin breaks the support line on the third touchdown and completes the Gartley pattern targets.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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BITCOIN (BTCUSD): Detailed Technical Outlook: ₿
Bitcoin is unstoppable.
The market gained almost 30% from the beginning of the year.
Now the market is stuck on a key daily structure resistance.
Analyzing a 4H time frame, I spotted a horizontal trading range.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios:
Bullish scenario:
If the price breaks and closes above 21300 - 21500 area on a daily,
I will expect a bullish trend continuation at least to 22400
Bearish scenario
If the market violates 20200 - 20700 area and closes below that on a 4H,
a bearish movement will be expected at least to 19100
Patiently wait for a breakout, that will be our trigger!
What do you personally expect?
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The Bitcoin BottomThe chart above provides two bottom projections for the price of Bitcoin. These projections are based on what is called the cycle low multiple .
This is a screenshot of the Bitcoin Cycle Low Multiple chart
The cycle low multiple for Bitcoin is currently 2. This means that if prior cycle price action is predictive of future cycle price action, Bitcoin's current price (~$20k) is twice as high as it will be at the bottom of the current cycle (~$10k). Although historical price action does not guarantee future price action, history generally tends to repeat itself.
With that said, both projections suggest that Bitcoin's price will fall to around $10,000 at some point between late October and late November. Both projections also suggest that this will be the bottom and that price will undergo recovery at the end of 2022 and into the beginning of 2023.
In the future, I plan to write a longer post about my thoughts about Bitcoin, blockchain technology, non-fungible tokens (NFTs), decentralized finance (De-Fi), and decentralized autonomous organizations (DAOs), but I will share a few preliminary thoughts below.
After much research, it is my strong belief that Bitcoin is posing a systemic risk to the fiat monetary system. Although Bitcoin presents new obstacles as a currency and as a store of wealth, its ability to facilitate transactions and store wealth independent of central banks' monetary systems will eventually draw the ire of these institutions.
However, due to Bitcoin's decentralized nature, it will be virtually impossible for governments to stop. This will present a major challenge to the fiat monetary system. Be wary of Central Bank Digital Currency (CBDC) as this could become central banks' means to more effectively stop their citizens from converting fiat currency into Bitcoin.
What central banks fear most is when their citizens realize that, due to its perpetually increasing scarcity, Bitcoin preserves wealth over time, unlike any fiat currency. This attribute of Bitcoin combined with its completely decentralized nature makes it a monumental challenge to the fiat monetary system.
Finally, one important note: If you choose to accumulate Bitcoin, be sure to use a secure hardware wallet. Do not trust any exchange or company to maintain custody of your Bitcoin on your behalf.
Note: This is my first post done on a light background. I have learned that some people have eye strain when viewing charts with darker backgrounds. I would appreciate receiving comments below on whether people prefer a light or dark background on my charts, or if it does not matter.
This is not financial advice. As always, anything can happen. Cryptocurrency involves significant risk and investors can lose a significant amount or all of their money.
Bitcoin Goes Bullish (Easy 333%+ Potential 10X Lev.)Bitcoin (XBTUSD) following in the footsteps of Dogecoin, Litecoin and soon Ethereum, is also very likely to go bullish.
We have a nice but risky setup here.
We can go beyond 333% on 10X Lev.
Trade at your own risk.
Leveraged trading is for expert only and can result in liquidation.
Do your own research before trading.
Use a stop-loss, risk management and all the tools available at your disposal to maximize potential gains and reduce potential loss.
This is not financial advice.
Namaste.
BITCOIN (BTCUSD): Bearish Wave is Coming ₿
Bitcoin reached a key daily resistance.
Probabilities are high that the price will retrace from that.
I think that the market will roll over at least to 17600
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Bitcoin Analyze (What will happen❗️❓)Let's see today if Bitcoin has started an upward trend or if this price increase that we saw in the past days was just a bear trap or the work of price changes by 🐋whales🐋 and exchanges.
🔆First of all, I think you should carefully read my previous posts that I put on the chart to have a better understanding of today's post and analysis (Although I tried to cover each of them briefly).
Today's Bitcoin analysis is on a daily time frame.
Since in the weekly chart, the heavy resistance zone, which was before the break of the heavy support zone, was broken by a weekly red candle with a long body and high volume (It is interesting to note that the candle of the first week of November 2022 has the large volume of all weekly candles ever created, so the breakout made by this candle is not expected to be fake).👇
Another point that we can get from the analysis of Bitcoin in the weekly time frame is that Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth ( Bitcoin has reacted well to all ascending channel lines).👇
🔁Now let's go back to the analysis of Bitcoin in the daily time frame and today's chart.🔁
Bitcoin is attacking the PRZ(Price Reversal Zone) for the third time, and this time, in addition to attacking the PRZ, Bitcoin is also trending towards the important downtrend line, and it is also forming a bearish ALT 🦇Bat🦇 harmonic pattern near this downtrend line.👇(Bitcoin reacted well to the PRZ last time)
Since we have not seen significant volume in this bullish rally and also EMA 100 (Daily TF) as a dynamic resistance has worked well on the Bitcoin chart in the past, and now Bitcoin has hit the EMA 100 (Daily TF) again, so I expect Bitcoin After hitting the important downtrend line and forming the bearish ALT 🦇Bat🦇 harmonic pattern, it will fall again at least until the support lines.
To better understand the resistance and support zones of Bitcoin in lower time frames, I also shared with you the chart of Bitcoin in the 4-hour time frame.👇
❗️Note❗️: if Bitcoin goes up over $19800, Bitcoin can 🚀pump🚀 at least to $25000.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Where is the end of the🐻Bear🐻 market❗️❓First, I must say that I have good news for Bitcoin fans: Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth (Bitcoin has reacted well to all ascending channel lines).
🔆A question I hear a lot these days: Where is the end of the bear market❗️❓
🔆The answer to the above question is available in my chart 😊.
In my opinion, the end of the bear market can be in the heavy support zone.
Also, Bitcoin has lost about 80% in its first fall from the top of the ascending channel, and it is expected that the current drop amount will also be about 80% (exactly in the heavy support zone).
🟢Heavy Support zone🟢: $13880 - $11280
🔴Heavy Resistance zone🔴: $36540 - $28800
Bitcoin Analyze ( BTCUSDT ), Weekly Timeframe⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Bitcoin Analyze (The end of pullback, 12/15/2022)!!!🔚For a better start, let's go back to the post titled " Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓ " that I reviewed in the weekly time frame.
Be sure to try reading this post to get additional information about today's post.👇
According to the post above, Bitcoin is pulling back to the heavy support zone it missed.
The pullback structure is in the form of an ascending channel, which seems to have finished the journey of Bitcoin in this ascending channel with the formation of the Evening Star candlestick pattern in the PRZ(Price Reversal Zone).
Also, If we look at to Stochastic RSI Indicator in the daily time frame, we can see the end of the movement of this uptrend.👇
🔆Result: I think Bitcoin will attack the support zone again after breaking the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
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.