🚨Bitcoin ready to FALL again🚨(1-hour time frame)!!!Hi everyone👋.
💡After failing to break the🔴 resistance zone($29,850-$29,480) 🔴, Bitcoin started to decline again.
🔔Considering that 50-SMA and 50-EMA issued the SELL signal, I expect Bitcoin to FALL at least to the support line .
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🌐➕ Positive News ➕🌐:
Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5%.
US bank reveals $166M in crypto holdings.
India Wants to Use Crypto Tokens to Digitally Sign Documents.
13 banks to participate in Russia’s CBDC pilot program.
🌐➖ Negative News ➖🌐:
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America.
Newly discovered Bitcoin wallet loophole let hackers steal $900K — SlowMist.
SEC to seek appeal and stay in Ripple Labs court case.
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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.
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Bitcoinanalysis
💡Bitcoin Technical and Fundamental Analysis💡Hi everyone👋 (Reading time less than 5 minutes⏰) .
In this post, I tried to first technically analyze the Bitcoin chart in the weekly time frame for you and then tell you about the positive and negative news of Bitcoin.
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Technical :
First, I must say that this is the second time Bitcoin has attacked the 🔴 heavy resistance zone($32,420-$28,900) 🔴.
It is interesting to know that the 🔴 heavy resistance zone 🔴 was broken after the fourth time when it was playing the role of the 🟢 heavy support zone 🟢.
So, it is not far from expecting that the second attack on the heavy resistance zone will ❌ fail ❌ and Bitcoin will go down again.
Bitcoin seems to have the potential to form a descending channel , and I predict that the second major pivot of Bitcoin will be completed in the 🟡 Time Reversal Zone(TRZ/In July
) 🟡 (above the descending channel).
Now let's take a look at the Volume and RSI indicators :
We can see Regular Divergence(RD-) between Volume and Price .
I think we should wait to see Regular Divergence(RD-) in the RSI indicator , and RSI will approach the uptrend line again.👇
🔔I expect the maximum increase of Bitcoin will be up to 100-SMA , and probably, Bitcoin will not succeed in filling the 🔵 Upper CME Gap 🔵 and will start to fall again and will fill the 🔵 Lower CME Gap 🔵 first.
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Now let's take a short look at fundamentals and news (➕positive➕ and ➖negative➖):
➕ Positive ➕:
➕ The possibility of launching a BlackRock Exchange-Traded Fund (ETF) for Bitcoin.
➕ Heavy purchase of Bitcoin by MicroStrategy company :
Michael Silver, the founder of MicroStrategy Company, has announced that this company has added 12,333 bitcoins with an approximate value of 347 million dollars to its number of bitcoins. The average purchase price of the bitcoins bought by Microstrategy is $29,668, and currently, this company has 152,333 Bitcoins worth $4.52 billion
➕ Hong Kong's largest bank HSBC launches Bitcoin and Ethereum ETF
➕ Mastercard company looking to create Crypto card
➖ Negative ➖:
➖ Powell, the head of the Federal Reserve, said that there is a possibility of a recession in the market, and most of the members of the Federal Reserve expect that the American interest rate will increase by 2 steps by the end of the year.
➖ One billion dollars of Bitcoin was sent by miners to exchanges. Normally, this can be seen as a major increase in selling pressure on Bitcoin.
➖ Short-term holders of Bitcoin are in profit:
After the price growth of Bitcoin from the range of $25,000 to $30,000, more than 66% of the Bitcoins that are kept in the market for a short period of time are in profit (1.6 million Bitcoins), and also 96.9% (2.6 million Bitcoins) (Bitcoin short-term holders are in profit).
➖ Exchanges' problems with different governments, for example, the expulsion of Binance from Belgium and Austria.
➖ The cryptocurrency market is still affected by the events of the FTX exchange and the LUNA project.
➖ Stablecoins Problems
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According to the explanations above, do you think Bitcoin is still bullish, or will it fall again❗️❓
I would be happy to share your opinion with me in the comments🙏.
Bitcoin Analyze ( BTCUSDT ), 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 be glad to see your ideas in this post.
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Bitcoin 🗺️Road map🗺️for 300 Days Before Halving 2024❗️Hi everyone👋 (Reading time less than 7 minutes⏰).
First, I have to apologize for the busy chart, but all the lines were really needed.😊🙏
📚As you know, Bitcoin has created an All-Time High(ATH) between both Halvings, and after the confirmation of Bitcoin's ATH, it has started a downward trend . In general, Bitcoin has started an upward trend about 500 days before each halving , although this upward trend is not stable and has undergone correction .
📚Bitcoin seems to have started a trend similar to 500 days before the 2020 Halving, and if Bitcoin wants to have a correction similar to the 2020 Halving , this correction should start at 300 days before the 2024 Halving .
In this post, I want to give you reasons that show that the movement of Bitcoin until the 2024 Halving will be very similar to the 2020 Halving.
So stay with me.🙏
🔔The reasons for the start of Bitcoin Correction :
Bitcoin started an upward trend 500 days before the 2020 Halving, and it is interesting to know that Bitcoin has started an upward trend 500 days before the 2024 Halving.
Bitcoin started a correction 300 days before the 2020 Halving, and now we are 300 days away from the 2024 Halving, and Bitcoin is expected to start its price correction in the coming weeks.
The conditions of the RSI indicator are very similar in both movements, and the Bitcoin correction in both movements has started with Regular Divergence (RD-). (Note that currently, Bitcoin has not managed to enter the Overbought area, and this indicates that the Bitcoin correction may be a little deeper than the 2020 Halving movement).👇
🔔Now let's look at the current situation of the Bitcoin chart. (I will point out the reasons for the correction).
Bitcoin has been moving in a descending channel on the weekly time frame for more than a year and a half. And currently, Bitcoin is above the descending channel, and Bitcoin will probably react to this area.
Bitcoin is attacking the 🔴 heavy resistance zone($32,420-$28,900) 🔴 for the second time.
It is interesting to know that the 🔴heavy resistance zone🔴 was broken after the fourth time when it was playing the role of the 🟢heavy support zone🟢.
So, it is not far from expecting that the second attack on the heavy resistance zone will ❌ fail ❌ and Bitcoin will go down again.
Also, Bitcoin is moving near 100-Simple Moving Average(100-SMA) , and this moving average plays the role of a dynamic resistance for Bitcoin.
Plus, Bitcoin is moving in the 🟡 Time Reversal Zone(TRZ) 🟡.
In the daily time frame, the Regular Divergence (RD-) between volume and price can be seen between two consecutive peaks.
🔔As a result, I expect Bitcoin to start its correction in the coming weeks, and this correction will deepen after the uptrend line breaks. Finally, I think Bitcoin will fill the 🔵 lower CME Gap 🔵 and then start its upward trend again (around $20,000 ).
According to the explanation above, will the movement of Bitcoin be similar to Halving 2020❗️❓
I would be happy to share your opinion with me in the comments 🙏.
Bitcoin Analyze ( BTCUSDT ), 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 be glad to see your ideas in this post.
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Bitcoin will⚔️attack⚔️ to 🔴Resistance Zone🔴Bitcoin is running in descending channel .
🌊According to Elliott's wave theory, Bitcoin is forming another Zigzag correction(5-3-5/ABC) in the descending channel.
🔔I expect Bitcoin to fall to the 🟡 Price Reversal Zone(PRZ) 🟡and support line and then break the upper line of the descending channel and go up to the 🔴 resistance zone($29,850-$29,480) 🔴.
❗️ Note ❗️: There is a high probability of a 🐻 Bear Trap 🐻 near the support line (if the support line breaks(validly), the scenario will change).
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🌐➕ Positive News ➕🌐:
Donald Trump’s Ethereum wallet holds $2.8M, new statement shows.
Crypto mining lobby group to dispel misconceptions in Washington DC: Founder.
FDIC and Other Federal Agencies ‘Closely Monitoring’ Banks’ Exposure to Crypto Assets.
Singapore Takes On Stablecoins With New Regulatory Framework.
COINBASE exchange will luanch in Canada.
🌐➖ Negative News ➖🌐:
Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products.
Heavy short position by Michael Burry on S&P500 and NASDAQ.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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BCH - What is next for Bitcoin Cash?Hi Everyone,
BCH is now coming back down to close the imbalance that had been left once it broke swing highs last year.
There is an order block sitting around 140, which should be the area to watch out for your buy limit orders.
I expect price to continue falling to that area and I will start opening buy positions once we see confirmations that the Order Block will hold.
Stop loss should be placed below the daily swing low, as the market could still drop further to the lower order block around 120.
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time)
On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K.
Entry price below market opening price.(✔️)
M15 imbalance at the potential of the D1 range.(✔️)
Below the First Buyer of Exchange Options.(✔️)
According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️)
input: 26560 (on test/retest)
sl: 26223
tp1: 26898
tp2: 27566
Bitcoin Analyze (Road Map)!!!🗺️(15 min)Bitcoin is running on 🔴 resistance zone($29,850-$29,480) 🔴.
🌊According to Elliott's wave theory, Bitcoin is forming a Zigzag Correction(5-3-5/ABC) .
🔔I expect Bitcoin will go Down at least to $29,100 .
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🌐➕ Positive News ➕🌐:
PayPal Is Rolling Out A Feature To Allow Users Convert PYUSD To Bitcoin And Other Crypto.
Pro-Bitcoin Javier Milei wins most votes in Argentina primary election.
Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein.
Bitcoin (BTC) Non-Zero Addresses Have Reached An All-Time High.
PayPal Executive Says PYUSD Will Be Made Available for DeFi in the Future.
California Says Political Campaigns Can Accept Crypto, But There’s A Caveat.
Brazil Reports Record 3.3 Million Crypto Users In June As Bitcoin Adoption Surges
🌐➖ Negative News ➖🌐:
Former Binance.US CEO Says White House Trying To Keep Stablecoins ‘Out of the Discussion’
Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated.
Current SEC won't approve a spot Bitcoin ETF, former office chief says.
Brazil’s Congress moves to levy higher taxes on cryptocurrencies
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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.
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BTC performed a sweep to both side.The Move Is Today!bitcoin swept both LATE longers and Shorters. Today is for bitcoin to make its move which I think its downside towards 27.9 then holding the equilibrium around there.After that we have to be glued to the charts to figure out the next move(More Downside IMO).
Thanks for watching
Predicting the Future Bitcoin Price with the Power of FibonacciUnravelling the Future of Bitcoin with a Combination of Elliott Wave Theory and Fibonacci Analysis
As a Bitcoin enthusiast, I acknowledge that forecasting the future price of Bitcoin is a complicated and daunting task. While I do not claim to possess a magical crystal ball, I do possess a deep-seated passion for examining market trends and analysing data. That's why I have been experimenting with various technical analysis methods, including Elliott Wave Theory, Fibonacci Circles, Fibonacci Timezones, Fibonacci Extensions, and Fibonacci Retracements.
My approach merges Elliott Wave Theory, which sheds light on market tendencies, with Fibonacci analysis, which provides me with a more profound understanding of market behaviour through the Fibonacci number sequence. This combination allows me to gain a broader perspective of price movements and make more informed predictions. Fibonacci Circles, Fibonacci Timezones, and Fibonacci Extensions enable me to identify crucial support and resistance levels and visualize the potential for price movements. On the other hand, Fibonacci Retracements help me monitor where the price may retrace during a trend. Through my personal exploration of these analysis methods, I aspire to offer a novel outlook on the future of Bitcoin:
My analysis of the Elliott Wave reveals that Bitcoin is poised for an impulsive wave 5, which is part of an impulsive wave 3 at a higher degree.
Utilizing the Fibonacci extension method, I have identified resistance points at 1.236 with a price level of $292,168 and 1.382, yielding a price of $713,491.
The Fibonacci Circle and Timezones further support these resistance points, projected for January 2024 and December 2025.
It is my belief that the peak of the impulsive wave 3 will occur at $292,000. By applying the Fibonacci retracement method, starting from this peak and extending back to $152, I have determined the 0.236 level to be a significant support zone at $49,000, and the correction wave 4 in the highest Elliott wave cycle. With this in mind, the path is clear for the final impulsive wave 5 to reach the 1.382 Fibonacci extension at $713,491 by December 2025.
Bitcoin Analyze (Road Map)!!!🗺️(1-hour time frame)💡After the correction waves ended, Bitcoin started to go up as I expected✅.
🌊The structure of correction waves was Triple Three Correction(WXYXZ) .
🔔I expect Bitcoin to start falling again from the 🔴 resistance zone($29,850-$29,480) 🔴.
🎯The first target of Bitcoin drop can be the support line.
❗️ Note ❗️: if Bitcoin can break the resistance zone, Scenario will be change.
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🌐➕ Positive News ➕🌐:
Cathie Wood Says SEC Might Say Yes to Multiple Bitcoin ETFs at Same Time.
Binance sold USDC for BTC and ETH after Silvergate Bank collapse.
Singapore commits $112M to support fintech solutions like Web3.
Elon Musk’s X To Launch Trading App, Dogecoin To Play A Part.
🌐➖ Negative News ➖🌐:
Fake PayPal USD Tokens Pop up on Several Blockchains.
Crypto expert predicts one last Bitcoin dump before ‘giga pump’.
Federal Reserve Governor Hints at More Interest Rate Hikes.
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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.
End of Correction and Beginning of Rise of Bitcoin🚀(Short-term)Hi everyone👋.
I hope you have a great weekend .🥳🥳🥳.
Today I want to analyze the structure of the waves during the last 4 days.
🌊The 5 impulsive waves that Bitcoin created were due to the of 🌐 MicroStrategy News🌐 and then started to form corrective waves.
🌊The structure of Bitcoin correction waves is Double Three Correction(WXY) .
🌊Bitcoin seems to have completed the main wave Y in the 🟡 Price Reversal Zone(PRZ) 🟡.
🌊Bitcoin needs to break the resistance lines to the upside to confirm the end of the main wave Y .
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔This low swing movement is predictable since Volume Trading on Saturdays and Sundays is generally low . I expect Bitcoin to start going up and breaking the resistance lines and reaching the 🎯 target 🎯 in the 🔴 resistance zone($29,850-$29,480) 🔴.
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🌐➕ Positive News ➕🌐:
Crypto Asset Manager Grayscale Predicts CBDC Support from Next US President, Finds No Red vs. Blue Divide in Crypto Stance.
Binance Users Reach 150 Million, CZ Reveals.
Bank of Russia reveals digital ruble’s logo and commission fees.
‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video.
🌐➖ Negative News ➖🌐:
Crypto Market’s Fate Is Tied to the S&P 500, Warns Crypto Analyst.
XRP Almost Erasing Post-Ruling Gains.
Crypto Hedge Funds Are Being Hit by Shutdowns, Lagging Returns in 2023.
Centralized exchange trading volumes hit yearly low, though South Korean exchanges resist trend.
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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.
BTC ☀️ – Bullish Potential; XRP, LTC Face ☔ Correction Ahead? Mixed trading conditions ahead on the global crypto market! The sun shines ☀️ over the two largest cryptocurrencies, Bitcoin and Ether, indicating a slightly bullish market with upside potential in the next 24 hours and for the week ahead.
Other altcoins face both rain ☔ and clouds ☁️ in the next 24 hours, signaling a slightly bearish or bearish market with downside risk. The downward trend is set to continue over the coming week for both Litecoin, Ripple’s XRP, and Polygon’s MATIC, while the trading conditions should improve for other coins such as Cardano and Dogecoin, edging higher. 🌥️
Follow us for more crypto weather insights!
Bitcoin will go UP(Short term)🚀After news of a stock sale by MicroStrategy to buy more Bitcoin, we saw a 🐻Bear Trap🐻 on the Bitcoin chart. But Bitcoin started to fall again from the 🔴 resistance zone($29,850-$29,480) 🔴.
💡If we look carefully at the Bitcoin chart, we will notice the Symmetrical Triangle Pattern .
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔I expect Bitcoin will go up at least to 🎯 target 🎯 that I specified in my chart.
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🌐➕ Positive News ➕🌐:
MicroStrategy's Saylor Wants to Buy as Much Bitcoin as Possible.(Saylor’s MicroStrategy plans $750M stock sale, possibly buying more Bitcoin).
Economist Alex Krüger Says He’s ‘Betting On Up’ When It Comes to Bitcoin As Under-the-Radar Indicator Flashes.
India makes suggestions for G20 crypto roadmap.
Dubai expands crypto licenses, granting approval to Nomura.
🌐➖ Negative News ➖🌐:
Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run.
Binance Suffers $870B Trade Volume Drop in 2023.
Pressure on Cryptocurrency Exchanges from Ukraine!
48% Of All Bitcoin Lightning Network Nodes Run On Amazon And Google Cloud
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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.
💡Signs of the end of the Bitcoin Range Market💡Hi everyone👋 (Reading time less than 5 minutes⏰) .
Bitcoin has been moving in a Rectangle Pattern for over 25 days ⏰.
📚 Rectangular Pattern : The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle.
🌊According to the theory of Elliott waves , the structure of the main wave 5 was Expanding Ending Diagonal , and it is expected that the beginning of corrective waves will be confirmed after the break of the lower line of the rectangle pattern .
💡Bitcoin's entry into the lower area of the rectangle pattern is different this time than before, as it is the first time in the past two or three days that Bitcoin has significantly broken below the 100-SMA and 100-EMA .
💡Also, a SELL signal can confirm the end of the five impulse waves of Bitcoin.
🔔I tried to chart the possible movements of Bitcoin over the next 2-3 days .
🔔I expect Bitcoin to FALL to at least the 🟢 support zone($28,450-$28,080) 🟢 after breaking the lower line of the rectangle pattern.
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🌐➕ Positive News ➕🌐:
Rich Dad Poor Dad Author Says He’s Sticking With Bitcoin (BTC) Amid ‘Sad’ State of America.
A recent Glassnode report shows that the number of addresses with at least one Bitcoin(BTC) has reached an all-time high
SEC accepts BlackRock’s Bitcoin ETF application for review
🌐➖ Negative News ➖🌐:
Major Australian Bank Bans Payments to Binance Amid Regulatory Crackdown.
Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
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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.
Bitcoin broke the Range Zone (What is the next Movement)❗️❓Hi everyone👋.
Bitcoin was moving in the Range zone for about a month and formed a Rectangle pattern . But yesterday, Bitcoin managed to break the lower line of the rectangle pattern, as I expected in previous posts✅.
In terms of the structure of Elliott waves , Bitcoin is in the phase of corrective waves , and it seems that Bitcoin is pulling back to the 🟢 support zone($29,850-$29,480) 🟢 broken by wave 4 .
After the completion of wave 4 I expect Bitcoin to fall to the next 🟢 support zone($28,450-$28,080) 🟢.
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🌐➕ Positive News ➕🌐:
Binance Expected to Launch Crypto Services in Japan by August
Former CFTC chairman says stablecoins can be a bridge between two worlds.
🌐➖ Negative News ➖🌐:
Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action.
Congressman Warren Davidson calls to ban and criminalize CBDCs.
US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms.
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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.
Bitcoin completed the pull back and is ready to Fall again❗️❗️❗️Bitcoin finally managed to break the 🟢 support zone($29,140-$29,000) 🟢 a few hours ago.
🔔I expect Bitcoin to continue its downtrend in the coming hours and at least fall to the next🟢 support zone($28,450-$28,080) 🟢.
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🌐➕ Positive News ➕🌐:
Binance Wins Operational License in Dubai.
$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan.
Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz’s ideal portfolio.
🌐➖ Negative News ➖🌐:
Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder's Collateralized Borrowing.
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: The US Internal Revenue Service (IRS).
SEC sues Richard Heart of Hex and Pulsechain for allegedly selling unregistered securities.
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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.