BITCOIN rejected strongly from weekly resistance, more downBTCUSD
price has shown strong rejection from the resistance area , currently price is in a correction mode, after reaching the resistance area(shown in the map), if price shows rejection, we can expect the price to move lower the nearest support area around $41,000 and if price breaks below the the support price may continue lower towards $37,500 area.
Weekly chart
Weekly close shows strong bearish sign, price made a shooting star on weekly chart, after a correction, price may head lower.
Daily Chart
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*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.
XBTUSD
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.
BITCOIN in an Asc. triangle, to move higher after breakoutBTCUSD
the price is forming an Ascending triangle, price is attempting a breakout of the triangle and after the break if price stays above it price may rise upward again and touch $45,500 and $47,500 is also possible.
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*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 broke above resistance, more growth after correction..BTCUSD
the price broke above short-term resistance area around $44,100, after a correction if price continues to stay above the support, price may move upwards $45,500 area.
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*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 bullish breakout of triangle, to continue upwardsBITCOIN
price made a bullish breakout of the ascending triangle pattern, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
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*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 to continue higher towards $40,000, BITCOIN
price made a bullish breakout of the resistance/support area, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
I posted this 1hr timeframe short term analysis before
Daily time-frame analysis
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*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 - Trendline acting as a strong support for bulls. BTCUSD
The price is firmly holding above the ascending trendline, and price is also above the support area, as long as price stays above the ascending trendline, price will be bullish.
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*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 (BTCUSD): Waiting For The Next Move ₿
Bitcoin is trading in a bullish trend since the beginning of this year.
The market stopped growing ahead of holidays and we see a local weakness
and formation of an inside bar on a weekly time frame.
Analyzing the price action on a daily, we can spot a horizontal range.
Trading volumes are accumulating within, setting lower highs and higher lows.
Your next bullish confirmation will be a breakout of the upper boundary of the range.
A daily candle close above 45000 will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 47000 then - the next weekly resistance.
A bearish breakout of the support of the range will be a signal of an extended correction.
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sit by myself, talking to da moon pt2🌙𝑏𝑒𝑓𝑜𝑟𝑒 𝑦𝑜𝑢 𝑟𝑒𝑎𝑑 𝑎𝑛𝑦 𝑓𝑢𝑟𝑡𝘩𝑒𝑟, 𝑟𝑒𝑎𝑑 𝑝𝑜𝑠𝑡 #𝟷:
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𝑤𝑒𝑙𝑐𝑜𝑚𝑒 𝑡𝑜 𝑚𝑦 𝑝𝑎𝑔𝑒, 𝑚𝑦 𝑛𝑎𝑚𝑒 𝑖𝑠 𝑒𝑙𝑜 - 𝑎𝑛𝑑 𝑖 𝑓𝑙𝑜𝑤 𝑤𝑖𝑡𝘩 𝑡𝘩𝑒 𝑤𝑖𝑛𝑑𝑠.
𝑖 𝑑𝑜𝑛'𝑡 𝑟𝑒𝑎𝑙𝑙𝑦 𝑐𝑎𝑟𝑒 𝑤𝘩𝑖𝑐𝘩 𝑤𝑎𝑦 𝑡𝘩𝑒 𝑚𝑎𝑟𝑘𝑒𝑡 𝑔𝑜𝑒𝑠, 𝑖 𝑠𝑖𝑚𝑝𝑙𝑦 𝑖𝑛𝑣𝑒𝑟𝑠𝑒 𝑡𝘩𝑒 𝑑𝑜𝑚𝑖𝑛𝑎𝑛𝑡 𝑠𝑒𝑛𝑡𝑖𝑚𝑒𝑛𝑡 𝑢𝑠𝑖𝑛𝑔 𝑚𝑦 𝑜𝑤𝑛 𝑢𝑛𝑖𝑞𝑢𝑒 𝑠𝑡𝑟𝑎𝑡𝑒𝑔𝑖𝑒𝑠.
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𝑖𝑛 𝑎𝑢𝑔𝑢𝑠𝑡, 𝑤𝘩𝑒𝑛 𝑒𝑣𝑒𝑟𝑦𝑜𝑛𝑒 𝑡𝘩𝑜𝑢𝑔𝘩𝑡 𝑏𝑡𝑐 𝘩𝑎𝑑 𝑏𝑜𝑡𝑡𝑜𝑚𝑒𝑑,
𝑖 𝑚𝑎𝑑𝑒 𝑐𝑜𝑢𝑛𝑡𝑙𝑒𝑠𝑠 𝑝𝑜𝑠𝑡𝑠 𝑎𝑛𝑑 𝑣𝑖𝑑𝑒𝑜𝑠 𝑤𝑎𝑟𝑛𝑖𝑛𝑔 𝑡𝘩𝑒 𝑤𝑜𝑟𝑙𝑑 𝑎𝑏𝑜𝑢𝑡 𝑤𝘩𝑎𝑡 𝑤𝑎𝑠 𝑡𝑜 𝑐𝑜𝑚𝑒.
𝑠𝑎𝑑 𝑝𝑎𝑟𝑡 𝑖𝑠, 𝑣𝑒𝑟𝑦 𝑓𝑒𝑤 𝑝𝑒𝑜𝑝𝑙𝑒 𝑙𝑖𝑠𝑡𝑒𝑛𝑒𝑑.
𝑛𝑜𝑤 𝑤𝑒'𝑟𝑒 𝘩𝑒𝑟𝑒 𝑖𝑛 𝑑𝑒𝑐𝑒𝑚𝑏𝑒𝑟,
𝑡𝘩𝑒 𝑤𝘩𝑜𝑙𝑒 𝑤𝑜𝑟𝑙𝑑 𝑖𝑠 𝑏𝑒𝑎𝑟𝑖𝑠𝘩 𝑎𝑡 𝑡𝘩𝑒 "𝑏𝑜𝑡𝑡𝑜𝑚",
𝑎𝑛𝑑 𝑖'𝑚 𝑡𝘩𝑟𝑜𝑤𝑖𝑛𝑔 𝑜𝑢𝑡 𝑎 𝑤𝑎𝑟𝑛𝑖𝑛𝑔 𝑎𝑔𝑎𝑖𝑛,
>𝑏𝑢𝑡 𝑡𝘩𝑖𝑠 𝑡𝑖𝑚𝑒 𝑡𝑜 𝑡𝘩𝑒 𝑏𝑢𝑙𝑙𝑠 𝑤𝘩𝑜 𝘩𝑎𝑣𝑒 𝑡𝑢𝑟𝑛𝑒𝑑 𝑏𝑒𝑎𝑟.
𝑖 𝑡𝘩𝑖𝑛𝑘 𝑏𝑡𝑐 𝑔𝑜𝑒𝑠 𝑡𝑜 𝑎𝑡𝑙𝑒𝑎𝑠𝑡 𝟸𝟿𝑘 𝑏𝑒𝑓𝑜𝑟𝑒 𝘩𝑒𝑎𝑑𝑖𝑛𝑔 𝑑𝑜𝑤𝑛 𝑡𝑜 𝟼𝑘.
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𝑡𝘩𝑖𝑠 𝑖𝑠 𝑛𝑜𝑡 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑐𝑒, 𝑖'𝑚 𝑛𝑜𝑡 𝑦𝑜𝑢𝑟 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑑𝑣𝑖𝑠𝑜𝑟.
𝑑𝑜𝑛'𝑡 𝑎𝑠𝑘 𝑚𝑒 𝑤𝘩𝑎𝑡 𝑚𝑦 𝑒𝑛𝑡𝑟𝑦 𝑜𝑟 𝑠𝑡𝑜𝑝 𝑙𝑜𝑠𝑠 𝑖𝑠.
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𝑚𝑎𝑦 𝑡𝘩𝑒 𝑑𝑑𝑠 𝑏𝑒 𝑖𝑛 𝑦𝑜𝑢𝑟 𝑓𝑎𝑣𝑜𝑟.
♠
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𝑒𝑡𝘩𝑒𝑟𝑒𝑢𝑚 𝑝𝑟𝑖𝑚𝑎𝑟𝑦:
BITCOIN (BTCUSD): Trading Plan Ahead of FOMC ₿
As you probably know, we are expecting FED Interest Rate Decision and FOMC today.
These news may dramatically affect all Dollar-related instruments.
Bitcoin is currently approaching a support line of a rising wedge pattern on a daily.
After showing the signs of weaknesses with a formation for a double top,
the market already dropped.
Bearish breakout of the support of the wedge will extend the correction on BTC.
A bearish movement will be anticipated at least to 39000 then.
Alternatively, very positive news will push the market to retest the current highs.
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🅱️ 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) .
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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%
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✔️ 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.
[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)
BITCOIN (BTCUSD) Waiting For a Bullish Signal ₿
Bitcoin is testing the upper boundary of an ascending triangle formation on a daily.
In an uptrend, such a pattern is a very strong bullish formation.
Its neckline breakout - a daily candle close above 38500 - will give you a strong bullish confirmation.
A bullish continuation will be anticipated to 39900 then.
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