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Bitcoin Analyze (Short Term, 15-minute Time Frame,04/03/2023)!!!Bitcoin is on its way to completing wave C of the zigzag corrective structure. The end of wave C is most likely in the 🔴resistance zone($28,900-$28,480)🔴 and most likely in the $28,720-$28,890 range. After confirming the end of wave C, Bitcoin is expected to finally fill the 🔵CME GAP($27,505-$27,465)🔵 and reach the 🟢support zone ($26,980-$26,580)🟢. ❗️ Note ❗️: If BTC goes over $29230 Scenario will change. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
by pejman_zwin
4
Bitcoin Analyze (Short Term, 15-minute Time Frame,04/02/2023)!!!Bitcoin was able to make a head and shoulders pattern on the 🔴resistance zone($28,900-$28,480)🔴. I expect Bitcoin will fall to fill the CME GAP($27,505-$27,465)🔵(at least). Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
7
Bitcoin 500-Day journeys before each Halving🚌🚌🚌!!!🔹Bitcoin's number of 500-day journeys has been four since the data was posted on the chart. Although the information about the first journey is incomplete, I tried to complete the candles of the first journey by using valid charts. 🔸In general, Bitcoin's 500-day journeys start when Bitcoin has experienced a new All Time High(ATH) before Halving and then started to fall (around -80%) and has formed a price floor. The price floor can follow Fibonacci levels. 🔹Another sign for the start of the 500-day Bitcoin journey is the crossing of the 6-Simple Moving Average (6-SMA) above the 12-Simple Moving Average (12-SMA) (Buy signal). 🔸In general, this signal is seen 274 days before each Halving, so if we want to confirm✅ the start of the fourth journey of Bitcoin, we must wait for the see of the Buy signal by these two simple moving averages. Currently, these two moving averages are very close to each other, and the candle of April can be of great importance. But there is still time to reach 274 days before the 2024 Halving, so if history is to repeat itself again, we will have to wait until June to see this signal. ❗️ Note ❗️: Another point is that at no time in the history of Bitcoin the price of Bitcoin before the Halving has reached its previous ATH price, so we should NOT expect strange prices for Bitcoin at least until the 2024 Halving. Bitcoin Analyze ( BTCUSD ), Monthly time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
BITSTAMP:BTCUSD
by pejman_zwin
11
[Bitcoin] Christmas gift 🎁Despite the FTX affair which caused a new bottom, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - 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) Of course, in the event of another major crisis, BTC will fall sharply again.
Long
by Bitcoin_Weather
4
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/30/2023)!!!It seems that this growth over the last two days was in the form of the wave 5 impulse of Bitcoin (see the post below for more information.)👇 The end of wave 5 on the Important Resistance line (Weekly TF) was placed and was accompanied by a bull trap; Bitcoin's strong reaction to this resistance line shows us the importance of this line. 🔔To confirm the wave counter, Bitcoin needs to break down support line 1.🔔 Probably, wave 3 will fill the 🔵CME GAP($27,505-$27,465)🔵 drop, and end on support line 2. I expect Bitcoin to reach at least the 🟢support zone ($26,980-$26,580)🟢 again finally. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
14
Bitcoin Analyze (Growth without Volume(RD-))!!!🤔In the last 24 hours, Bitcoin grew by about ➕7%, but this growth was accompanied by a small volume, and the regular divergence(rd-) between price and volume can be seen well in the volume indicator. Also, the current 4-hour candle is in Price Reversal Zone(PRZ), Time Reversal Zone (TRZ), and 🔴heavy resistance zone ($32,400-$28,120)🔴; I expect this candle to become a ⭐️shooting star⭐️ candlestick pattern. I shared with you the position with RR=5, but you must jump to the positions with your own strategy. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
44
Bitcoin Analyze (Double Top ⚔️VS⚔️ Inverted Head and Shoulders)As you know, Technical analysis has many complex tools; today, I want to analyze Bitcoin using the simplest ones, such as trendlines and classic patterns in the weekly time frame. If you take a look at the chart closely, you see two patterns in the Bitcoin chart: Double Top Pattern Inverted Head and Shoulders Pattern Now let's see which of these patterns will succeed in the battle and reach the target without fail. Which one do you think will raise its 🏳️white flag🏳️ and surrender in battle? I’m now diving into the chart ⚔️battle square⚔️: The Double Top pattern has 4 types, which can be seen in this chart, Eve and Adam, which is the weakest state of this pattern. Another pattern I see is the Inverted Head and Shoulders pattern, which has broken the neckline here and reached the 🔴resistance zone ($32,400-$28,120)🔴 & resistance line. The resistance and support lines have also worked well and reacted every time the price hits them. It’s a good sign for these shields to be strong enough. The point is that in the weekly time frame, after the neckline of the inverted head and shoulders pattern, Bitcoin has reached the resistance zone for the first time and is not expected to break this zone within its first encounter. 🔔There are scenarios , as always which I’ll point out: ⬇️This whole movement so far can be a pullback to the double top pattern neckline. Therefore, it is expected that Bitcoin will have a fall to the neckline of the inverted head and shoulders pattern. If this drop happens sharply and is accompanied by high volume, the inverted head and shoulders pattern will likely fail, the winner will be the double-top pattern, and Bitcoin will fall to the🟢support zone ($19,950-$17,530)🟢 & support line. ⬆️Suppose this movement is with a gentle slope and low volume. In that case, it will be confirmed as a neckline pullback of the inverted head and shoulders pattern, and my expectation is that Bitcoin will grow after the pullback and attack the resistance zone & resistance line ahead. If this happens, there is a possibility of breaking the resistance zone & resistance line, and the price of Bitcoin can reach 🟣the inverted head and shoulders pattern's target($40,780)🟣. Which of the patterns do you think will win the battle❗️❓ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Bitcoin Analyze ( BTCUSDT ), Weekly 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.
by pejman_zwin
13
Bitcoin Analyze (Short Term, Double Zigzag Correction)!!!To complete wave 4, Bitcoin has created a Double Zigzag Correction structure inside the ascending channel and support zone ($26,980-$26,580)🟢. The end of wave Y can be above the upper line of the ascending channel and 🟡Price Reversal Zone (PRZ)🟡. I expect Bitcoin to reach the lower line of the ascending channel and most likely break the channel down. If you would like to have a better view of the wave count in the 15-minute time frame, I suggest you look at the below post for a few seconds.👇 Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
8
🔎3 Classic Reversal Patterns for Bitcoin at the same time🔍If you look carefully at the Bitcoin chart in the 4-hour time frame⏰, we can see three classic reversal patterns(at the same time). The first pattern is Symmetrical Triangle pattern 🚩, which in general, the continuation pattern can be used as a reversal pattern in some cases (for example, right now 😉) The second pattern is the Diamond Top pattern 💎. The third pattern is the Rounding Top pattern 🍙. Each pattern seems to complement the other pattern, and the last pattern we have to wait for is the Rounding Top pattern. With the Rounding Top pattern neckline breaking, the three patterns worked correctly, and Bitcoin is expected to decline at least to the 🟢support zone($25,250-$24,830)🟢 (even more). Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
14
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/28/2023)!!!Today I want to show you how to get Bitcoin to the support zone using 🌊Elliott's Theory🌊. Yesterday I showed you the way to the support zone using classic patterns.👇 It seems that Bitcoin is completing the 3rd wave, which is extended. The end of wave 3 will be below the 🟢support zone ($26,980-$26,580)🟢, and since wave 2 had a price correction, we can expect wave 4 to be a time correction and play the role of pullback to the broken 🟢support zone ($26,980-$26,580)🟢. I expect Bitcoin to break down to at least the 🟢support zone($25,250-$24,830)🟢. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
6
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
28
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
17
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
16
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
22
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Long
by pejman_zwin
19
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
12
💣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⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
CRYPTOCAP:BTC.DShort
by pejman_zwin
20
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
Short
by pejman_zwin
13
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 ⏰. Do not forget to put Stop loss for your positions (For every position 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.
by pejman_zwin
20
🔄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.💬❤️
COINBASE:BTCUSD
by pejman_zwin
12
⬆️⬇️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- $20,940 )🟢. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
14
Bitcoin Analyze (Where is the end of correction!?)🧐This is Bitcoin’s chart in the monthly timeframe (Log scale). I want to talk about movements that can be similar, and I tried to find the bottom price of Bitcoin through these movements. I analyzed each significant movement and correction that Bitcoin had from the first. Bitcoin was able to make a new All-Time High (ATH) after each significant movement. 🔆In terms of time: Each major correction of Bitcoin has taken about 12-13 months since the All-Time High (ATH). 🔆In terms of price: Every major price correction of Bitcoin follows Fibonacci levels (23.6%_38.2%), and these corrections have deepened each time. Also, the price reduction percentage from the previous ATH was 86%, and 84%. If Bitcoin wants to follow the previous corrections, we can find the bottom of Bitcoin through these movements. ⏰When can the end of the current correction of Bitcoin❓⏰ According to the above details, the end of the current correction of Bitcoin can be around ⏰Nov 2022 & Jan 2023⏰. 📉Where can the end of the current correction of Bitcoin❓📉 According to the above details, the end of the current correction of Bitcoin can be 📉14800$_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. 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.
BITSTAMP:BTCUSD
by pejman_zwin
6
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 ⏰. 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.
by pejman_zwin
16