Bitcoin will fall by Symmetrical Triangle & Candlestick patternBitcoin seems to have managed to form a symmetrical triangle near the🔴heavy resistance zone ($32,400-$28,120)🔴 and resistance line.
Also, candlestick reversal patterns on the upper line of the triangle can be a sign to break the lower line of the triangle.
I expect the lower line of the symmetrical triangle will eventually break and take Bitcoin to the 🟢support zone($25,250-$24,830)🟢.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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XBTUSD
Million challenge: Buy BTC @27K
In the short term, the rise of Bitcoin has been hindered and there has been a slight correction as the upward pressure is capped at 28,500. It has been emphasized in previous articles that 25K has become a short-term bottom, and the operation still considers buying on dips as the main strategy, with a target of 30K in mind.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/25/2023)!!!Bitcoin seems to have completed wave 4 with a double three correction structure(WXY) on the downtrend line.
Wave 5 is expected to continue until the 🟢support zone ($26,980-$26,780)🟢(Wave 3 is extended).
But since the volume of trading is not high on Saturday and Sunday, as a result of breaking the support zone, it is a bit far from expected, although 5 downward impulse waves are approaching this zone with a slight slope, which confirms this issue.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/23/2023)!!!It seems that we are seeing the second 🐮Bull Trap🐮 in 24 hours for Bitcoin, with the difference that the regular divergence(rd-) between these two peaks is clearly visible in terms of volume.
Also, when Bitcoin has supported the resistance zone towards the zone, it is less than today's upward movement, and we conclude that there is still a high probability of a decline after the bull trap of the previous hours.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 1-hour Time Frame,03/22/2023)!!!Bitcoin formed an ascending triangle but failed to break the upper line of this triangle and created a 🐮bull trap🐮.
I expect Bitcoin to go down to the 🟢support zone ($26,980-$26,780)🟢 and most likely break this zone.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/19/2023)!!!It seems that Bitcoin has used two classic patterns of Double Top and Fan Principle at the Bottom patterns to fill the first upper CME Gap.
I expect Bitcoin to completely fill the upper CME gap after breaking the third line of the Fan Principle at the Bottom pattern and most likely fall again.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/20/2023)!!!It seems that the story of filling the 🔵CME Gap🔵, which Bitcoin tried to fill for several days, is coming to an end.
It seems that gap filling is happening by 🟣bearish AB=CD harmonic pattern🟣.
Point D of the bearish AB=CD harmonic pattern will most likely end at the end of the gap and on the 🔴resistance line🔴.
I expect Bitcoin to decline to the 🟢support line🟢 and then the 🟢support zone ($26,980-$26,780)🟢.
🔔In general, because Bitcoin reaches the 🔴heavy resistance zone ($32,400-28,120)🔴 for the first time, it is very unlikely that it will break this zone so easily, so don't take FOMO.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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💣BTC.D % will reject again from top of Rectangle pattern💣!!!Today let's take a look at the Bitcoin Dominance Index(BTC.D) and see if Altcoins are the right place to invest again if the cryptocurrency market is bullish or Bitcoin.
Conversely, if the cryptocurrency market is bearish, can altcoins counter the fall or not❓
To answer the above ambiguities, we should first familiarize ourselves with the definition of the Bitcoin Dominance index(BTC.D%):
What is Bitcoin Dominance Index ( BTC.D%) ❗️❓
Bitcoin Dominance Index(BTC.D%) is a measure of how much of the total market cap of crypto is comprised of Bitcoin. It can help you understand the trend of BTC and Altcoins.
BTC.D has been caught between two zones of heavy resistance and support for about two years and has formed a rectangle pattern.
It is interesting to know that measuring the strength of BTC.D's upward or downward trend can be achieved by measuring the time each upward or downward movement reaches one of the two upper or lower lines of the rectangle pattern.
If you look at the chart, every time BTC.D moves from the bottom line to the first line of the rectangle pattern, it takes time, and this shows that the upward trend of BTC.D in the rectangle pattern is decreasing.
I expect BTC.D to retrace from the upper line to the lower line of the rectangle pattern and this move will probably last 12-18 weeks.
❗️ Note ❗️: We have to compound BTC.D analysis with some other items such as Total Crypto Total Market Cap $ Index and etc.
Bitcoin Analyze (Dominance Index ( BTC .D%)) Weekly Time frame⏰
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/21/2023)!!!Bitcoin was able to break the lower line of a 🔵symmetrical triangle 🔵and 🟢support line🟢 by a breakout candle.
I expect Bitcoin will go down to the 🟢support zone ($26,980-$26,780)🟢, and It will most likely break this zone.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Road Map, 03/18/2023)!!!🗺️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.👇
After breaking the resistance zone, which has now become a 🟢support zone($25,260-$24,440)🟢 for Bitcoin, the Elliott wave counting scenario for Bitcoin has changed.
In fact, Bitcoin is about to finish its main wave 5. Because Bitcoin has filled every CME Gap throughout its history and because it has already filled a part of this gap, it is expected to fill this gap at least completely filled and; also I used Fibonacci levels to define a zone 🔵(28,740$-$27,365 == CME Gap)🔵 for the end of wave 5 on the chart.
Another reason we can confirm the new count is that we see a regular divergence(rd-)between the main wave 3 and the main wave 5.
🔔I expect Bitcoin to drop back to the 🟢support zone($25,260-$24,440)🟢after confirming the end of wave 5.
🔔In general, because Bitcoin reaches the 🔴heavy resistance zone($32,400-28,120)🔴 for the first time, it is very unlikely that it will break this zone so easily, so don't take FOMO.
🔔I drew the possible 🗺️road map of Bitcoin🗺️ in my chart.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
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What to Do When Shorting BTCUSDT is Trapped?
As expected, due to the increasing risk aversion sentiment, BTCUSDT has continued to rise and has reached my second target of 27K, and the next target will be to push towards 30K.
As previously emphasized, when the main force begins to push up, they will not provide very good entry opportunities, so any dip is an opportunity to follow the long position. 25K will be a short-term bottom. If you have friends who are shorting Bitcoin, I personally suggest closing the short position if the market has the opportunity to fall near 25K, and follow the trend to go long. If you have a lot of trapped funds at the moment, you can leave me a message and I will provide you with the most accurate solution.
Similarly, if you missed my first layout at 23K, and second layout at 27K, do not miss the next layout at 30K. I will continue to update my personal operations, so please stay tuned, and hope you all can be winners!
🔄Bitcoin wants to follow CME Gaps❗️❓🔄Hello dear traders.
As you know, there is a sign💡 for everything in this world.
For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear.
In the world of cryptocurrencies, there is a sign for everything, too👌🏻. There are many ways and signs for upward and downward movements or distinguishing scam crypto projects from good ones.
As you can see in this chart, Bitcoin was stuck in a downward trend for about 60 weeks, but in this post, I will examine the positive and negative signs for Bitcoin in the weekly time frame.
First, let's follow the ➕ Positive ➕ signs together.
➕In the chart, it is clear that the downward trend line has been broken.
➕As mentioned in the previous posts, the Golden Cross signal has been seen in the daily time frame.
➕If the current candle closes above the resistance zone and the price of $25,214, Bitcoin has risen above its previous Lower High(LH), which will be another positive sign for Bitcoin.
Now it's time to check the dramatic and ➖ Negative ➖ scenarios:
➖Losing the ⚫️Uptrend line(Monthly Time Frame)⚫️ is one of the negative signs for young Bitcoin.
➖Bitcoin is approaching its 🔴heavy resistance zone($)🔴, which can be a bad sign.
➖Bitcoin is also moving near the 🟣yearly pivot point($26,743.45)🟣.
➖And the last sign is that, as you can see in the chart, there is a 🔵divergence between price and volume🔵.
Another point that Bitcoin can grow up or return to the 🟢heavy support zone($19,950-$17,530)🟢 is the presence of the CME gaps on the chart.
If the weekly candle closes above the 🔴resistance zone($25,290-$24,370)🔴 (closes in about two days). Bitcoin can be expected to grow until the first gap($28,740-$27,365).
If the weekly candle closes below the 🔴resistance zone($25,290-$24,370)🔴 , Bitcoin has seen a bull trap, and we can expect to touch the lower gap($21,110-$20,330).
Considering all these signs I have found, I would also like to know your ideas.😊
How many of these signs did you come across❗️❓
Or according to what kind of signs do you check Bitcoin movements❗️❓
Also, if you have any questions, ask me in the comments.💬❤️
⬆️⬇️Bitcoin Scenarios⬆️⬇️Bitcoin has mocked the 🟢support zone($21,600-$20,940)🟢 in the last 4 days😂.
Bitcoin reacted to the Price Reversal Zone (PRZ) ,Important support line, and 200-SMA, as I expected in the previous post (Title:➕Positive➕ and ➖Negative➖ signs of Bitcoin🤓
) and started to grow.
Bitcoin is currently moving on the 🔴resistance zone($22,640-$22,350)🔴 and downtrend line.
Also, if we look at the status of the RSI indicator, we will find that the RSI is also on the downtrend line and the important line of 50%.👇
🔔According to the above explanations, Bitcoin can see two scenarios for the coming days:🔔
🔜First scenario: If Bitcoin breaks the 🔴resistance zone($22,640-$22,350)🔴and the downtrend line, we can expect Bitcoin to even touch its previous ceiling($25,250) and even go beyond it.
🔜Second scenario: If we see bearish signs in the coming hours, we can expect Bitcoin to start falling again and at least reach the low range of 🟢support zone($21,600- $20,940 )🟢.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
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Bitcoin Analyze (Where is the end of correction!?)🧐This is Bitcoin’s chart in the monthly timeframe (Log scale). I want to talk about movements that can be similar, and I tried to find the bottom price of Bitcoin through these movements.
I analyzed each significant movement and correction that Bitcoin had from the first.
Bitcoin was able to make a new All-Time High (ATH) after each significant movement.
🔆In terms of time: Each major correction of Bitcoin has taken about 12-13 months since the All-Time High (ATH).
🔆In terms of price: Every major price correction of Bitcoin follows Fibonacci levels (23.6%_38.2%), and these corrections have deepened each time. Also, the price reduction percentage from the previous ATH was 86%, and 84%.
If Bitcoin wants to follow the previous corrections, we can find the bottom of Bitcoin through these movements.
⏰When can the end of the current correction of Bitcoin❓⏰
According to the above details, the end of the current correction of Bitcoin can be around ⏰Nov 2022 & Jan 2023⏰.
📉Where can the end of the current correction of Bitcoin❓📉
According to the above details, the end of the current correction of Bitcoin can be 📉14800$_13000$📉 (The price retracement of every major move seems to follow Fibonacci numbers. And each time, these returns increase. It is expected, considering that the efficiency of the first move was 23.6% and the efficiency of the second move was 38.2%. This movement will experience a return of about 50%.)
🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average / Weekly Timeframe ) and SMA 200 ( Simple Moving Average / Weekly Timeframe ), some months later, Bitcoin started to rise.
🟢Recommendation🟢: If you want to verify the end of the correction, it is better to wait for a monthly candle that closes over EMA 200 ( Exponential Moving Average ).
🔆 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.
In the comments, tell me your thoughts about BTC’s future scenarios and probabilities. Thanks in advance.
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Navigating to a Landscape of Bitcoin 🕊️Phoenix🕊️ Rebirth!!!Hi✋🏻dear traders, I'm pejman🙋🏻 and welcome🌼 to the navigation👁️ of the Bitcoin Phoenix rebirth🔥.
As you know, Bitcoin has appeared as a legend in the cryptocurrency🪙world, so this currency should be described📜 as a legendary💫 bird.
Bitcoin, the world's🌍 first and most popular💕 cryptocurrency, has experienced a rollercoaster🎢 of highs⬆️ and lows⬇️ over the years. Bitcoin has seen its share📈 of ups and downs, from its early days as part of the dark🌆 web to its extreme✨ mainstream popularity💰.
Today I invite💌 you to watch👀 the rebirth🌋 of the Bitcoin Phoenix , and I'm🙋🏻 gonna tell my opinion🗯️ about the rise💲 of this legendary bird from its ashes♨️.
In the chart📈, you can see👀 that this beautiful✨ bird formed a High⬆️ at the price of $69,000 and began to burn🔥 during this downward⬇️ trend in the weekly timeframe.
As you know, the downward trend happens when the candles🕯️ can form 🔻Lower Highs(LH) and 🔻Lower Lows(LL) every time ( General definition of a downward trend ).
As shown in the above chart📉, after reaching the peak⛰️ of $69,000, Bitcoin has been experiencing a price fall🔻 for less than a year and a half and is stuck👊🏻 below an important downward trend line.
In the last few weeks, Bitcoin has been able to break💥 this important downward🔻 trend line to the top🔝, which could be a positive✅ sign for the rebirth🍀 sparks✨ of the young Bitcoin.
The next sign❇️ is that Bitcoin was able to form one of the essential bullish🟢 signals in the financial markets yesterday, the 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 take this chart pattern as indicative of a strong bull🟢 market.
The next sign for this spark💥 and confirmation✅ of the bullish🟢 market's beginning is that Bitcoin can close a candle🕯️ above its previous Lower High(LH).
In addition, as you can see👀, the RSI indicator has crossed the 50% line in the weekly timeframe📅 and rose higher🔺. The RSI also can pull back to the 50% line and increase again.👇
According to these signs👌🏻, I expect Bitcoin to decrease🔻 to the Support zone($21870-$20870)🟢, and this price falling⬇️ can be like a pullback and a tribute to this zone.
After that, I expect it to grow💸 to the heavy Resistance zone($31820-$26550)🔴, which is probably our target🎯 price can be around the yearly pivot point, In the future👌🏻.
Maybe this young bird🕊️ will set the market on fire🔥 and be born again. But be patient my friends🙏🏻. Bill Gates says: ‘’Patience is a key🔑 element of success💪🏻’’.
Also, if you are interested in seeing my Bitcoin 🗺️Road map🗺️ drawn using Elliott's theory, be sure to visit the following post.👇
Remember✋🏻 to consult with experienced people, do a lot of research🔍, and be cautious in any investment💰 or financial decisions; Because Discretion is the most significant👌🏻 part of valor.
If you have any ideas💡 or questions❓, I'll gladly answer them in the comments💬.
Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰.
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Bitcoin has just broken a new yearly high!🔥
Bulls are pushing Bitcoin again.
The price have updated a new high and currently approaching 27000 level.
From a technical perspective, we see a breakout attempt of a major weekly resistance cluster.
The weekly candle closes it 2 days. Closing above the underlined area, Bitcoin will open a potential
for a further bullish continuation.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/16/2023)!!!Bitcoin analysis has been like a 🧩 puzzle 🧩 to me for the past two days (It has always been a pleasure for me😉).
During the last two days, Bitcoin has been able to make a rectangle pattern, so Bitcoin has reacted well to the upper and lower lines of the rectangle pattern.
Also, according to the theory of Elliott waves, it seems that Bitcoin has succeeded in forming a Regular flat pattern (ABC/3-3/5) inside the rectangular pattern so that wave C has completed above the rectangular pattern and the ascending channel.
I expect Bitcoin to at least fall to the lower line of the rectangle pattern after breaking the ascending channel and most likely succeed in breaking the lower line this time.
❗️ Note ❗️: If Bitcoin manages to break the upper line of the rectangle pattern, the scenario will change.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/15/2023)!!!Bitcoin is breaking the support line.
After confirming the break of the support line, we can confirm the end of the Double Three Correction(WXY).
I expect Bitcoin to follow the way I have outlined on the chart over the next few hours.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 1-hour Time Frame,03/15/2023)!!!To start this post, I suggest you read the Bitcoin Roadmap that I shared with you yesterday.👇
Bitcoin was moving in an ascending channel to complete main wave A, and breaking the 🔴resistance zone($25,250-$24,440)🔴 ahead was far from expectation.
Regarding to CPI announcement published by The Fed, we witnessed a 🐮Bull trap🐮 that ended above the ascending channel and near the resistance line and PRZ . Then the Bitcoin fell.
After the ascending channel breaks, we can almost confirm the end of main wave A.
Bitcoin is also likely to form a Head and Shoulders Pattern (Head = 🐮Bull trap🐮).
So, After a pull back to ascending channel, I expect Bitcoin to move towards the 🟢support zone($21,600-$20,940)🟢 over time or with a Sharpie mode.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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JP Morgan Bank will have a big crashJB Morgan Bank will collapse we are already at the beginning of a financial global crisis and it will be affect even on stock prices and we may see stocks fall by 90-95% of current prices. The gold is the only one safest in this next collapse. Even Bitcoin will not survive this collapse and will be pricely affected significantly and can see it on 1k or lower, so be careful and prepare new liquidity to enter
31.4k TOP and a 80% move downBased on my analysis, I believe a Black Swan event is imminent, and I expect Bitcoin's price to reach a peak of around 31.4k before experiencing a significant decline. Specifically, I predict a drop to the range of 6.18k-7k, which would represent a decline of approximately 90%, indicating a true bubble pop.