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Btcanalysis

Bitcoin RoadmapBitcoin started to fall for the umpteenth time with the news that the Mt.Gox exchange would return Bitcoins to the losers , as if the Mt. Gox exchange would start refunding BINANCE:BTCUSDT and BINANCE:BCHUSDT from the beginning of July 2024 (almost 6 more days). After a few months, the Fear and Greed index entered the " Fear " range again. But I think it will also enter the " Extreme Fear " range. Bitcoin is currently moving near the Resistance zone($63,450_$62,100) , the 21_SMA(Weekly) , and the lower line of the Failed Falling Wedge Pattern . ( pullback is probably being completed ) Note: Bitcoin has come below the 21_SMA(Weekly) after almost 250 days. Note: When a reversal pattern fails, it will play a continuation role. According to the theory of Elliott waves , Bitcoin seems to be completing the microwave 4 of the main wave 3 . If the Heavy Support zone($61,100_$58,700) breaks, we can confirm the end of wave 4. Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart. USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin . I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of the microwave 4 of the main wave 3, and the break of the Heavy Support zone can coincide with the news of the refund of the Mt.Gox exchange . Note: If Bitcoin can break the Resistance zone($63,450_$62,100), the scenario will change. Note: An important point you should always remember is capital management and lack of greed. 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.
Short
by pejman_zwin
63
BTC looks bearish (12H)From where we put the green flash on the chart, it looks like BTC correction has started. This correction is a triangle or a more complicated pattern, in the first step we wait for the green range to drop. By maintaining the specified supply, it can move towards the targets. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
BTCUSDT.1DThe current trading price of Bitcoin against USDT is $60,021.58, reflecting a recent decline of approximately 5.04%. The chart displays a complex scenario with multiple key technical levels. Key Support and Resistance Levels: Resistance 1 (R1): $67,117.47 - This level represents a significant resistance, which Bitcoin struggled to overcome in recent attempts. Resistance 2 (R2): Not marked on the chart, but it would likely be above $67,117.47, possibly near the previous highs. Support 1 (S1): $56,715.39 - This level has previously acted as both support and resistance, making it a crucial point for traders to watch. Support 2 (S2): Not clearly marked but indicated by previous lows below $56,715.39, possibly around $50,000. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is below the signal line, indicating bearish momentum. The separation between the MACD line and the signal line is increasing, suggesting strengthening bearish pressure. RSI: The Relative Strength Index (RSI) is at 30.58, just above the oversold territory. This indicates that Bitcoin is very close to being oversold, which could potentially lead to a rebound or at least a stabilization of price declines. Analysis Conclusion: The current technical landscape for BTC/USDT is cautiously bearish. The recent price action beneath key resistance levels and the bearish indications from both the MACD and RSI suggest potential further downside. However, the proximity of the RSI to oversold conditions may limit the downside risk and could signal a possible buying opportunity if other market conditions align. Traders should closely monitor the $56,715.39 support level, as a break below this could open the door to lower prices, potentially around the $50,000 mark. Conversely, a rebound from this support or an RSI recovery above the oversold region could suggest short-term bullish opportunities, particularly if Bitcoin can challenge and break above the $67,117.47 resistance.
Long
by MarsSignals
Bitcoin Analysis==>>Cup & Handle PatternBitcoin is moving near the upper line of the Falling Wedge Pattern . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Cup & Handle Pattern . ( continued pattern ) After breaking the neckline, I expect Bitcoin to rise to at least the target I've specified on the chart. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
25
BTC update to: BTC 9:00 UTC-4 18/6/2024 Short TradeHello everyone, Looks like our trade was delivered even though it took longer than was expected. So everyone who took the same trade, congrats on your profits! Aswell, I would point out How after I called for a lower price we went lower by around 1.85%, and How after that we visited the price I expected that is possible to reach for a great Short entry around 66.478$ (not so far from 66.500$) before our move unwind. With that said, I hope everyone who took the same trade already took some profits off to pay the trader. Now, to the harder part. And that's How to manage correctly trade if you still left some portion of your Short entry open. In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$. On the other hand, if in the upcoming hours price struggles to go lower than 61.3-61.5k$, I would expect it to bounce back a few % and that would be an opportunity to Open New Short trade. -> (around 63.500$ to 64.200$) I will update further once I get more confirmation about What is more probable to happen next. Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
Bitcoin Analysis==>> FallingBitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 . In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign ). Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks . I expect Bitcoin to continue falling at least to My targets . Note: An important point you should always remember is capital management and lack of greed. 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.
Short
by pejman_zwin
27
Possible pattern of BitcoinIt seems that Bitcoin's correction has started from where we entered "Strat" ​​on the chart. Two waves of the same degree can be seen on the chart. It is expected that the price will reach supply and then drop to low demands. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Bitcoin is Ready to Attack the Heavy Support zone!!!Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) . I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. 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.
Short
by pejman_zwin
5
Bitcoin Roadmap==>>FallingBitcoin is breaking the Important Support line . According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. 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.
Short
by pejman_zwin
15
BTC buy setupBTC still has good momentum. Bitcoin is trading in a range. It is expected to reject upwards when it reaches the POI. Closing a daily candle below the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
Bitcoin is Ready to Attack the Resistance zone!!!Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement. Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line . According to the Elliott wave theory , Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140) . I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation) . Note: An important point you should always remember is capital management and lack of greed. 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.
Long
by pejman_zwin
8
BTCUSDT.1DLooking at the daily chart for BTC/USDT, the technical indicators reveal key dynamics and potential future movements in the price of Bitcoin. Price Action and Structure: The BTC/USDT pair is currently trading at around $69,673.83, marking a significant uptick of 5.31% for the day. This recent movement brings the price closer to the critical resistance level (R1) at $71,128.00. Over the past few months, the price has experienced fluctuations within a defined range, with resistance and support levels tested multiple times. Resistance Levels: The immediate resistance R1 at $71,128.00 is pivotal. A decisive close above this level could signal further bullish momentum, potentially targeting the high of $73,777.00 and then the psychological barrier at $75,176.44. Support Levels: Current support levels are observed at S1 ($65,799.19) and S2 ($56,715.39). The support at S1 has recently acted as a springboard, pushing the price upwards. A breach below this support might lead to a test of S2, significantly lower, indicating a substantial bearish shift. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line but appears to be converging towards it, suggesting a potential bullish crossover in the near term. This potential crossover, coupled with the histogram's rise towards the zero line, signals strengthening momentum. Relative Strength Index (RSI): The RSI is at 55.95, which is moderately bullish. It indicates some buying interest but is not yet in the overbought territory (above 70), which suggests that there might be room for further upward movement before the market becomes overheated. Conclusion: The BTC/USDT chart exhibits a bullish sentiment in the short term, especially if it can sustain above S1 and break through R1. The approaching MACD crossover and the RSI's favorable position further bolster this outlook. However, traders should remain cautious of potential resistance at $71,128.00 and $73,777.00, where profit-taking might occur. Setting stop-loss orders slightly below S1 could provide downside protection. If the price breaks and holds above R1, targeting the next resistance levels would be a prudent strategy, keeping an eye on the RSI for signs of entering the overbought zone.
Short
by MarsSignals