Bitcoin Next Move towards 56000$1: BTC Ranging.
2: If Bitcoin's Break 57500$ Then Price Sharply go Below 56000$.
3: Price and Volume Both in Downtrend Which is Quite Confusing.
Note :
Do Your Own Research and Trade Wisely
Bitcoinanalysis
Bitcoin Analysis 03-Sep-24Bitcoin -Is it Forming a W Pattern
If support at 55,000$ or strong support at 49,000$ as shown in the graph ( Fib Resistance) and if reversed, then can be tried to buy with target of 70,000$, if it breaks above then 100,000$.
Bitcoin Price Sideways on H4BTC overall bullish, we should wait for clear direction to execute further entries.
Note: Do your Own Research and Trade wisely
Bitcoin Analysis==>Bearish Deep Crab Harmonic PatternAs I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different .
Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) .
Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the Resistance line and the Resistance zone .
According to Elliott's wave theory , Bitcoin is completing corrective waves after completing five bearish waves .
I expect Bitcoin to drop to at least $59,400 after breaking the Support line , and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200) .
Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Bitcoin Chances of dropping from 59,000 so better to SellThe trend of bitcoin shows that its more interested to drop from 59,000 series today.
so better idea to go for Sell today as of now.
Bitcoin Analysis==>>Filling CME Gap==>>Short termBitcoin was accompanied by increases and decreases ( high momentum ) in the past days.
Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) .
I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) .
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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BITCOIN FVG SHORT POSITIONBitcoin will hit the FVG area before further dipping down, a great place to short BTC in the FVG area.
Bitcoin Analysis==>> Attack to Resistance zoneBitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) .
One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to attack again the Resistance zone($58,500-$57,000) .
Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600.
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 and updates ; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Bitcoin Analysis==>> PumpingBitcoin began to pump after Jerome Powell's speech and the possibility of interest rate cuts .
⚠️First of all, I must say that we must always keep up with the news and new events in the market, and all the analyses will never be correct; otherwise, there is no need for capital management, so we should always follow capital⚠️
Bitcoin seems to have managed to break the Resistance zone ($58,500-$57,000) , 200_SMA(Daily) , and 50_SMA(Daily) .
Regarding Classic Technical Analysis , the Bitcoin pump has invalidated the Rising Wedge pattern . The Rising Wedge pattern is a Reversal Pattern; if it Fails , it will become a Continuation Pattern .
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 , and the structure of the main wave 4 can be a Contracting Triangle .
I expect Bitcoin to rise to at least $65,000 after breaking the upper line of the Contracting Triangle .
Note: Wave 4's structure is likely to change; overall, I expect the maximum correction or end of wave 4 to be at the Support 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 gladly see your ideas in this post.
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Market overviewBitcoin (BTC): $63,693.28 (-0.34%)
Bitcoin Dominance: 57.42%
Fear and Greed Index: 55 (neutral)
WHAT HAPPENED?
Last week, as expected, fully met our expectations and implemented a priority scenario – an upward exit from the balance.
We entered the first sell zone of $64,000-$65,200 (mirrored volume zone), from which we received a reaction.
WHAT WILL HAPPEN: OR NOT?
A local correction can be expected in the near future. There are no strong fixes on the part of the buyer, so this week it is worth paying attention to longs.
The first local resistance is located at ~ $63,000, but it shouldn’t be considered as a strong buying zone. A really strong buying zone that appeared along the way is below $61,500-$60,600. If there is a reaction from there, it’s worth joining the upward movement.
Buy zones: $61,500-$60,600 (accumulated volumes), $59,550-$59,000 (accumulated volumes), $56,100 level, $52,000-$50,000 (volume anomalies), $48,000 level.
Sell zones and goals for the near future: $67,000-$68,300 (mirrored volume zone), $70,000 (round number, seller's market aggression).
IMPORTANT DATES
Macroeconomic developments this week:
• August 27, Tuesday, 6:00 (UTC) — publication of German GDP for the 2nd quarter of 2024; 17:00 (GMT+3) — publication of the CB consumer confidence index of the USA (Aug).
• August 29, Thursday, 12:00 (UTC) — publication of the index German Consumer Prices (CPI) (Aug); 12:30 (UTC) — publication of US GDP for the 2nd quarter of 2024; publication of the number of initial applications for US unemployment benefits.
•August 30, Friday, 9:00 (UTC) — publication of the consumer price index (CPI) in the Eurozone (Aug); 12:30 (UTC) — publication of the basic price index of US personal consumption expenditures (July).
*This post is not a financial recommendation. Make decisions based on your own experience.
BTC remains bearish next targets 57.7k and 56kIn this video, I provide an update on my previous trading analysis.
I'll discuss the current targets for the bearish scenario and highlight the key levels to watch. Additionally, I present a bullish counter-idea and explain where the invalidation of the bearish thesis might occur. This way, you'll be well-prepared no matter which direction the market takes. Stay tuned to catch all the important details!
Bitcoin Roadmap!!!Bitcoin failed to break the Resistance zone ($58,500-$57,000) for the fifth time . It seems that important news is needed to break the resistance zone.
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the main wave C with the Ending Diagonal Pattern .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
Looking at the USDT.D% chart , we find that USDT.D% is in a symmetrical triangle . The main wave 4 can be completed in this triangle. I expect USDT.D% to pump after breaking the upper line of the symmetrical triangle, which will cause a correction in the Cryptocurrency market .👇
Another important chart that can help us analyze Bitcoin is the BTC.D% chart . BTC.D% is moving near the Heavy Resistance zone(60%-57.2%) and the Resistance line , and according to the theory of Elliott waves , it seems that it has completed the main wave 5 in the two-day time frame with the help of Ending Diagonal . So, we should expect a correction of BTC.D% , which means that if the cryptocurrency marketcap decreases, Bitcoin can fall more .👇
I expect Bitcoin to at least fill the CME Gap($55,880-$56,775) after breaking the lower line of the Ending Diagonal .
Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least).
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis==>> Bearish Flag PatternBitcoin pulled back to the broken Support zone($60,520-$60,120) , as I expected ( in yesterday's post ).
According to Elliott's wave theory , Bitcoin seems to have completed the Zigzag correction(ABC/5-3-5) .
Regarding Classic Technical Analysis , Bitcoin seems to have formed a Bearish Flag Continuation Pattern .
I expect Bitcoin to fall again after breaking the Ascending Channel's lower line and the Support zone($58,500-$57,000) .
Bad News: Since yesterday, 785 million dollars of Bitcoin and 75 million dollars of Bitcoin have been moved by the Mt.Gox exchange, which is a significant volume.
Note: If Bitcoin goes over $60,700, the 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin, is the bull run continuing soon?I expect the Bitcoin price to consolidate in the 53,600 - 49,000 zone, after the price is fixed in the zone, I expect to see a price increase and a high probability of breaking the maximum.
If you look at the Online LTH Realized Profit 7D metric, you can see a similar seasonality of the market that was in 2021, in addition to the online metric, I conducted a deeper study and found many arguments that confirm my expectations, there is a low probability that the price will drop below 48,900, I do not expect this level to break through.
Bitcoin Analysis==>>FallingBitcoin was rejected from the Resistance zone($58,500-$57,000) , 50_SMA(Daily) , Upper line of the Ascending channel , and Potential Reversal Zone(PRZ) .
I expect Bitcoin to Go down to at least the lower line of the ascending channel , and maybe Bitcoin will break the support zones .
Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least).
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis==>> Attack to Downtrend line==>>Short-termBitcoin is moving in the Support zone($58,500-$57,000) near the Downtrend line .
According to the Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend in the 15-minute time frame .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to rise again to at least $59,200 .
Note: If Bitcoin goes below $57,000, we should wait for Bitcoin to fall to $55,000 (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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis==>> Breaking Downtrend lineBitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) .
I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks .
Note: If Bitcoin goes below $57,000 , we should wait for Bitcoin to fall to $55,000 (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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Keep Calm And Trade BitcoinIt would be relevant and popular to type a scenario called "if" with forecasts to buy, sell and hold in one article. However, I tend to be as objective and useful as possible, because I believe that if we hold and speculate on our popularity, this can continue until the last market maker is left without his commission and lead to a dead line of existentialism. Especially since, while some if buy, others if sell and else if hedge. In general, I do not see the point in two or even three way forecasts for all occasions, so that you can always tell your subscribers: "Look in my feed history! — I told you..." (all the ways). I am convinced that in order to learn, you need to practice confident steps, then you will get irreplaceable experience and the opportunity, if necessary, to earn money without begging. Risk is a noble cause. It is important not to miss the moment here. Either way, you will have to make a choice, otherwise doubt will eat you up. So grab your space spoons and forks and have a hearty meal, the training simulator won't be returning to the ground until lunchtime.
I often observe fatal conclusions (probably from newbies) that if "bitcoin falls" so then it's forever, "it's all over". But what they won't understand is that always goods are bought and sold on the market? Otherwise the market doesn't exist. You simply can't afford to buy-buy-buy all the time, sometimes you have to sell. Otherwise, what's the point of all this? And Bitcoin is not Ethereum! Bitcoin is original blockchain core with limited emission! And look at all chart at least sometimes. Take a break. There are other areas for investment in life. You can buy a new laptop or surfboard, for example. You have to fix your profit from time to time.
Due to outside interference for the last four years, the price looks tired. Sooner or later, an exotic vacation of Bitcoin to at least 28k for a breather is inevitable, and then it returns to its mathematically lawful exponential level of ~100k by the end of next year. If your friends just bought Bitcoin, it does not mean that it will be worth a million next week, and they can sell it on the market and buy it again. Maybe they lack education in this area, help them. Think before you judge. Just free your mind to think differently from time to time.
As much as we would like it, the rocket is not fly into space this year. And the events do not matter for the mathematical regularity of the original blockchain. Yes, there is a tendency for shortages (deficit), but what will you do with Bitcoin if not sell at the real price now and buy it profitably later? Do not stand still, use the market to dream. There is a lot of liquidity in the support zone. The exponential trend is constant, but we will not fly into space at all, because there is nothing to do and under gravity we just build and fill up the supporting silicon mountains for our observatory to look at the stars. The original blockchain is the most stable algorithm for maintaining independence in a secure decentralized unity environment. And it is only a matter of time what the result of the infinity fraction with a limited denominator will be.
We are on the peak of the wave, the next part of Blockchain journey ahead. Now put the record on.
#BTC a Repeat of 2020Current pattern looks like the crash of 2020. So, I believe Bitcoin will test 1.618 level. That is $43 500 - $43 300 price level. When it crashes buy more BTC and BTC mining stocks, like NASDAQ:MARA , NASDAQ:RIOT or others. Overall, I am always long BTC.
Bitcoin Analysis==>> Death Cross HappenedBitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel .
Finally, the Death Cross Sell Signal was seen yesterday.
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 .
Also, we can see the Regular Divergence(RD-) between Price and Volume .
I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140) .
Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin analysis - short term idea (longer term included)I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss.
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.
Boost and follow for more ideas! Thanks!
Bitcoin Analysis==>>Last ChanceBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law . However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin seems to be completing the Triple Double Correction(WXYXZ) .
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern .
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
