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Bitcoinanalysis

🚧Bitcoin will Go Down Again🚧🔨Bitcoin started to rise from the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and was able to break the Downtrend line yesterday. ✅Also, Bitcoin has managed to form an Ascending channel . 🏃‍♂️Bitcoin is currently moving in the 🔴 Resistance zone($28,460-$28,000) 🔴 near the SMA(100) and near the upper line of the ascending channel . 💡Also, we can see the Regular Divergence(RD-) between Price and Volume. 🌊In terms of Elliott Waves , Bitcoin managed to complete the main corrective wave A at the 🟢Heavy Support zone($25,280-$23,900)🟢 and is currently completing the main wave B. 📚Since the main wave A is five microwaves, we have to wait for the Zigzag correction(ABC/5-3-5) , and the higher the end of the main wave B is at higher prices, we expect the main wave C to be weaker. 📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day. 🔔I expect the microwave C of the main wave B to finish at the 🔴 Resistance zone 🔴 or at the 🟡 Price Reversal Zone(PRZ) 🟡, and then Bitcoin will ⚔️ Attack ⚔️ the lower line of the ascending channel. 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 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.
Short
by pejman_zwin
97
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated. Stronger to weaker RED ORANGE GREEN BLUE Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength. * Bear markets are buyers markets, Bull markets are sellers markets* PS: The arrows are only examples Once again... thanks, WeAreSat0shi Stay Blessed!
BNC:BLXLong
by WeAreSat0shi
4
Bitcoin will go UP to my 🎯Target🎯⏰(15Min)⏰🏃Bitcoin is running on 🟢 Heavy Support zone($27,600-$27,300) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. 🔔I expect Bitcoin to rise toward the 🎯 Target 🎯 that I specified in my chart after breaking the 🔴 Resistance zone 🔴. ❗️ Note ❗️: if Bitcoin goes below the 🟢 Heavy Support zone($27,600-$27,300) 🟢 we have to expect that Bitcoin will go down more. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: In general, October has been a good month for cryptocurrencies. Ethereum Futures ETFs Debut on Low Volumes. Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF 🌐➖ Negative News ➖🌐: Peter Schiff: ‘We Are Still Early in the Biggest Bond Market Crash in U.S. History’. Stablecoin Economy Sheds $1.52 Billion in September, Revisiting a 2-Year Low. This Crypto Exchange Reportedly Suffered a $13 Million Hack -------------------------------------------------------------------------------- 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
32
Bitcoin BTCUSDT Price Analysis (8h)Bitcoin Price Action Update: Yesterday, Bitcoin retraced to the triangle breakout zone, indicating a potential retest. This move aligns with a surge in buying volumes according to on-chain data, sparking optimism. If validated, a market rise could be imminent. Keep an eye on the $29,000 resistance; it might offer an excellent profit-taking opportunity for short-term traders. Stay vigilant and trade wisely.📈💰 👇 Long-term analysis chart 👇
INDEX:BTCUSDLong
by Vestinda
Bitcoin Analysis - Will History Repeat Itself?Hi traders.. Bitcoin's October Rally: Will History Repeat Itself? October has traditionally been a bullish month for Bitcoin, with notable price surges since 2013. The only exceptions were in 2014 and 2018. This year follows a similar pattern. Bitcoin showed stability leading up to the October 1st weekly close, having surpassed the previous month's end with minimal volatility. However, as the week concluded, Bitcoin experienced a sudden surge, propelling its price just shy of $28,000. Shortly after, it reached new heights, hitting $28,451 on Bitstamp. As of October 1st, the leading cryptocurrency has seen a 4.5% increase, based on data from allmost markets on TradingView. A closer look at the numbers reveals not only positive returns for Bitcoin in October but also an impressive average return rate of over 15% during this month historically. Considering this data and the average return rate, there is a compelling argument for Bitcoin's price potentially reaching approximately $32,500. Following this, it might reach a price between $34,000 and $35,000 in October. However, it's crucial to note the volatility of the crypto market. Bitcoin's price fluctuates due to factors such as supply and demand, investor sentiment, government regulations, and media hype, all contributing to its volatility. Note: In essence, while Bitcoin has a strong historical performance in October, there are no guarantees for this year. Investors must conduct thorough research before making any investment decisions. BINANCE:BTCUSDT BITSTAMP:BTCUSD Bitcoin vs US Dollar ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
Long
by Arash-RK
Bitcoin will go UP by Bullish 🏁Flag🏁 Pattern⏰(15Min)Hi guys, I hope that you had a great weekend.🥳 ✅Bitcoin seems to have managed to break the Important Resistance line ( at least temporarily ) and is currently completing a pullback to this line. 🏃Currently, Bitcoin is moving near the 🟢 Support zone($27,100-$27,040) 🟢and SMA(100) . 🏁In terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern . 🌊The structure of the waves inside the Flag is the Double Three Correction(WXY) type. 🔔I expect Bitcoin to rise toward the 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the descending channel . ❗️ Note ❗️: if Bitcoin goes below the 🟢 Support zone($27,100-$27,060) 🟢 we have to expect that Bitcoin will go down more. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: In general, October has been a good month for cryptocurrencies. 🌐➖ Negative News ➖🌐: New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions Gemini Crypto Exchange Exits Dutch Market. Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT. Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall. SEC Files Lawsuit Against FTX Auditor. -------------------------------------------------------------------------------- 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
39
Bitcoin will Attack to Important Resistance line Again🚀⏰(15Min)🔄Bitcoin made some changes in its waves after yesterday's pump . 🌊In terms of Elliott waves , Bitcoin seems to be completing wave 4 with the Double Three Correction (WXY) . 🔔I expect Bitcoin to attack the Important Resistance line and 🔴 Resistance zone($27,600-$27,300) 🔴again in the coming hour. 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
46
🚨Bitcoin will Go Down to support lines again🚨⏰(1-Hour)⏰✅Bitcoin reacts well to 🟡 Price Reversal Zone(PRZ) 🟡 and 🟣 Weekly Pivot Point 🟣. 🔔I expect Bitcoin to decline from the 🟡 Price Reversal Zone(PRZ) 🟡 to the support lines and 🟢Support zone($26,240-$26,000)🟢 again. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Ethereum futures ETFs could start trading next week — Bloomberg analyst. Crypto Exchange Kraken to Explore Stock Trading: Bloomberg. Gemini invests $24M for expansion in India. Shanghai publishes blockchain plan to support trade, metaverse, government affairs. 6th Swiss bank joins SDX crypto exchange. 🌐➖ Negative News ➖🌐: Bitcoin miner Marathon mines invalid block in failed ‘experiment’. Binance's CZ Could Face Criminal Charges: WSJ Binance fully exits Russia with sale to CommEX. Bitcoin Miner Selling Pressure Mounts as Hash Rate Peaks. -------------------------------------------------------------------------------- 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
100
🚀Bitcoin will go UP by Falling Wedge Pattern🚀⏰(1-Hour)⏰✅As I expected, Bitcoin fell to the 🟡 Price Reversal Zone(PRZ) 🟡 at the weekend. 💡Bitcoin has succeeded in forming a Falling Wedge Pattern . 💡Also, we can see a Regular Divergence(RD+) between two successive valleys . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed wave 5 in in 🟡 Price Reversal Zone(PRZ) 🟡 🔔I expect Bitcoin to start rising from the 🟡Price Reversal Zone(PRZ)🟡in the coming hours after breaking the upper line of the Falling Wedge Pattern and at least rise to the 🔴 Resistance zone($26,800-$26,680) 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: South Korean City Aims to Become a Leading Blockchain Hub with $75 Million Investment. 🌐➖ Negative News ➖🌐: Coinbase holds 5% of all Bitcoin in existence: Data. Mixin Network Losses Nearly $200M in Hack. North Korean Lazarus Group amasses over $FWB: 40M in Bitcoin, data reveals -------------------------------------------------------------------------------- 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.
Long
by pejman_zwin
108
Bitcoin is Ready to Escape from Descending Channel⏰(15_Min)⏰💡Bitcoin is moving in a Falling Wedge Pattern on the 1-hour time frame (yesterday's post).👇 💡In the 15-minute time frame, Bitcoin is moving in a main ascending channel and in a secondary descending channel . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing corrective waves inside the descending channel . 🔔I expect Bitcoin to go up after breaking the upper line of the descending channel to the upper line of the ascending channel and the minimum 🔴 Resistance zone($26,800-$26,680) 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. Coinbase secures Bank of Spain registration as part of global expansion. NASA plans to prove its next Moon landing is real using blockchain. Binance looks to issue stablecoins in Japan with MUFG unit by end of 2024. Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox. Bitcoin gains legal recognition as digital currency in Shanghai, China. UAE Leads MENA Region in DeFi Adoption: Chainalysis Report. Kraken secures money license registrations in Spain and Ireland. 🌐➖ Negative News ➖🌐: Crypto funds see sixth straight week of outflows. Crypto Exchange Huobi Hacked for $7.9 Million. Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC holding. Chase Bank tells UK crypto users to take their business elsewhere -------------------------------------------------------------------------------- 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.
Long
by pejman_zwin
60
Bitcoin Crash by Ascending Broadening Wedge Pattern⏰(1-Hour)⏰✅Bitcoin crashed, as I expected in previous posts. 💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing its five downtrend waves. 🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move towards the 🟡Price Reversal Zone(PRZ)🟡 after breaking the support line . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data. Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M. 🌐➖ Negative News ➖🌐: Bitcoin Network Experiencing Something Yet Unseen. Binance Prepares to Delist Stablecoins Due to MiCA Rules. Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims. -------------------------------------------------------------------------------- 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
84