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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Xbtusdt
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 ⏰.
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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 ⏰.
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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 ⏰.
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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 ⏰.
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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 ⏰.
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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 ⏰.
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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.
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 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 ⏰.
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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⏰.
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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 ⏰.
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Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓Today I want to introduce to you the zone where Bitcoin is likely to start growing again.
If you look carefully at the weekly timeframe on the Binance exchange, you will notice that the support zone, which has now turned into a resistance zone, has been broken by a red candle with a long body and a lot of 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.
It appears that Bitcoin is currently in a phase of pullback to the lost support zone, but according to the above, it is expected that Bitcoin will approach the heavy support zone in the coming weeks. The heavy support zone could be the end of this bear market or at least put a long-term stop to Bitcoin's decline.
🔆What can be the signs of the beginning of a 🐃Bull🐃 market?
1-View bullish reversal candlestick patterns into the heavy support zone and on the weekly or even monthly timeframe.
2-Breaking the downtrend line validly.
3-Breaking of the resistance zone validly.
4-Breaking the SMA 200 (Daily TF) validly.
Bitcoin Analyze ( BTCUSDT ), Weekly Timeframe ⏰.
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Bitcoin Analyze(Bump-and-Run Reversal Top Pattern,01/11/2023)!!!I still believe that Bitcoin will go down.
My reasons are the analysis of Bitcoin waves and the Bump-and-Run Reversal Top Pattern that is being formed, you may not be familiar with the Bump-and-Run Reversal Top Pattern, but it is considered one of the classic valid patterns.
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.
❗️Note❗️: if Bitcoin goes up over $17520, Bump-and-Run Reversal Top Pattern will fail, and Bitcoin can go up to $18200.
Bitcoin Analyze ( BTCUSDT ), Timeframe 1H⏰.
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