Bitcoin will fall by Contracting Triangle❗️❗️❗️As I said in the previous post, it seems that the corrective structure of wave B can be in the form of a contracting triangle.
Bitcoin managed to break the lower line of the contracting triangle, and it also seems to be the sign of the end of Bitcoin's pullback to the broken triangle of the evening star candlestick pattern.
After breaking the support line, I expect Bitcoin to go down toward the 🎯targets🎯 I have specified on the chart.
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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BTCBUSD
📦Rubic(RBC)📦 Analyze (04/09/2023)!!!Rubic(RBC) managed to break the lower line of the symmetrical triangle, but since this break occurred near the heavy support zone, it is not expected that a significant decline awaits Rubic(RBC).
I think Rubic(RBC) can grow again after reaching the middle line of the descending channel.
Rubic Analyze ( RBCUSDT ), Daily time frame ⏰.
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Bitcoin Analyze (Short Term, 30-minute Time Frame,04/05/2023)!!!Bitcoin seems to be forming a complex corrective structure, and a bearish scenario from the 🔴resistance zone($28,900-$28,480)🔴 is still possible.
Also, it seems that the new corrective structure that Bitcoin started yesterday will be the expanding flat(most common/3-3-5)corrective structure. So I expect Bitcoin to drop at least to the support line.
❗️ I shared the position ➡️ RR=7 with you, but please open a position according to your strategy and don't forget capital management.❗️
❗️ Note ❗️: If BTC goes over $29230 Scenario will change.
Bitcoin Analyze ( BTCUSDT ), 30-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 - Soon there will be a breakout!Here's a brief update on BTC. The current price has been fluctuating within an ascending triangle, and the low trading volume suggests a more substantial movement is likely to occur soon. The trend appears to be weakening, and during retests of the significant resistance at 29k, trading volume has remained low. In addition, the CME and Fair value gaps below the current price indicate a potential downward movement. Therefore, it may be wise to brace yourself for a possible return to 20k soon.
Considering the unfilled CME- and Fair value gaps below the current price is crucial. Typically, these gaps are eventually filled, making a price retracement to those levels a reasonable expectation. However, it is worth noting that filling such gaps could take some time, although they are usually filled relatively quickly.
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BTC - Don't turn bullish until this zone is broken!
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With regards to ALTs:
The Altcoin market cap is struggling to break the $620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC, so a dip in BTC price will hurt Altcoins too.
Keep an eye on the $620B mark if you're looking to trade some ALTs
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Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
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What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Bitcoin Analyze (Short Term, 15-minute Time Frame,04/06/2023)!!!It seems that Bitcoin has managed to create a descending triangle.
I expect Bitcoin to fall at least to the support line after breaking the lower line of this triangle.
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 Outlook - The Trend is weakening!Trend weakening, low volume during retests of major resistance ( 29k ), plus CME and Fair value gap below current price - all pointing towards the downside. Brace yourself for a possible return to 20k soon!
It's important to consider the unfilled CME- and Fair value gaps located below the current price. Typically, these gaps are eventually filled, so expecting a price retracement to those levels is reasonable. However, it's worth noting that filling such gaps could take a while, although they are usually filled relatively quickly.
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BTC - Dont turn bullish until this zone is broken!
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With regards to ALTs:
The Altcoin market cap is struggling to break the $620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC , so a dip in BTC price will hurt Altcoins too.
Keep an eye on the $620B mark if you're looking to trade some ALTs
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What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
BTC - Dont turn bullish until this zone is broken! Here's a quick look at the Daily BTC chart.
As we can see, the zone between 29k to 30k is a critically important price range that requires close attention. It has played a pivotal role in differentiating between the bull and bear market. As soon as the price broke below this zone, the market was deemed to have entered a bear market, while staying above it signaled a continuation of the bullish trend .
Currently, the price is once again testing this critical zone, and its behavior here will be a determining factor for the market's future trajectory. A hard rejection from this level could result in a sharp decline in price, while a breakthrough could propel the price upwards to the range of 40k to 47k . Thus, investors and traders alike should closely monitor the price action around this zone to make informed decisions regarding their investments.
Trend weakening, low volume during retests of major resistance (29k), plus CME and Fair value gap below current price - all pointing towards the downside. Brace yourself for a possible return to 20k soon!
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With regards to ALTs:
The Altcoin market cap is struggling to break the $620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC , so a dip in BTC price will hurt Altcoins too.
Keep an eye on the $620B mark if you're looking to trade some ALTs
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
BTC - Must pay attention to this zone! Here's a quick look at the Daily BTC chart.
As we can see, the zone between 29k to 30k is a critically important price range that requires close attention. It has played a pivotal role in differentiating between the bull and bear market. As soon as the price broke below this zone, the market was deemed to have entered a bear market, while staying above it signaled a continuation of the bullish trend.
Currently, the price is once again testing this critical zone, and its behavior here will be a determining factor for the market's future trajectory. A hard rejection from this level could result in a sharp decline in price, while a breakthrough could propel the price upwards to the range of 40k to 47k. Thus, investors and traders alike should closely monitor the price action around this zone to make informed decisions regarding their investments.
But the weakening trend and Fair Value Gap on multiple time frames point towards a downward move!
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With regards to ALTs:
The Altcoin market cap is struggling to break the $620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC, so a dip in BTC price will hurt Altcoins too.
Keep an eye on the $620B mark if you're looking to trade some ALTs
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Bitcoin Analyze (Short Term, 15-minute Time Frame,04/03/2023)!!!Bitcoin is on its way to completing wave C of the zigzag corrective structure.
The end of wave C is most likely in the 🔴resistance zone($28,900-$28,480)🔴 and most likely in the $28,720-$28,890 range.
After confirming the end of wave C, Bitcoin is expected to finally fill the 🔵CME GAP($27,505-$27,465)🔵 and reach the 🟢support zone ($26,980-$26,580)🟢.
❗️ Note ❗️: If BTC goes over $29230 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 be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,04/02/2023)!!!Bitcoin was able to make a head and shoulders pattern on the 🔴resistance zone($28,900-$28,480)🔴.
I expect Bitcoin will fall to fill the CME GAP($27,505-$27,465)🔵(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 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 500-Day journeys before each Halving🚌🚌🚌!!!🔹Bitcoin's number of 500-day journeys has been four since the data was posted on the chart. Although the information about the first journey is incomplete, I tried to complete the candles of the first journey by using valid charts.
🔸In general, Bitcoin's 500-day journeys start when Bitcoin has experienced a new All Time High(ATH) before Halving and then started to fall (around -80%) and has formed a price floor. The price floor can follow Fibonacci levels.
🔹Another sign for the start of the 500-day Bitcoin journey is the crossing of the 6-Simple Moving Average (6-SMA) above the 12-Simple Moving Average (12-SMA) (Buy signal).
🔸In general, this signal is seen 274 days before each Halving, so if we want to confirm✅ the start of the fourth journey of Bitcoin, we must wait for the see of the Buy signal by these two simple moving averages. Currently, these two moving averages are very close to each other, and the candle of April can be of great importance. But there is still time to reach 274 days before the 2024 Halving, so if history is to repeat itself again, we will have to wait until June to see this signal.
❗️ Note ❗️: Another point is that at no time in the history of Bitcoin the price of Bitcoin before the Halving has reached its previous ATH price, so we should NOT expect strange prices for Bitcoin at least until the 2024 Halving.
Bitcoin Analyze ( BTCUSD ), Monthly 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 - The trend is weakening! Here's a quick look at the 8 hr. BTC chart. The bearish divergence on the RSI suggests that the trend is losing momentum, and a downward move could be expected. Additionally, the low volume indicates that a substantial movement could occur at any moment. With the bearish divergence on the RSI and the low volume, it's highly likely that a move to the downside could happen soon.
It's important to consider the unfilled CME- and Fair value gaps located below the current price. Typically, these gaps are eventually filled, so expecting a price retracement to those levels is reasonable. However, it's worth noting that filling such gaps could take a while, although they are usually filled relatively quickly.
-------------------------------------------
What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Bitcoin Analyze (Short Term, 15-minute Time Frame,03/30/2023)!!!It seems that this growth over the last two days was in the form of the wave 5 impulse of Bitcoin (see the post below for more information.)👇
The end of wave 5 on the Important Resistance line (Weekly TF) was placed and was accompanied by a bull trap; Bitcoin's strong reaction to this resistance line shows us the importance of this line.
🔔To confirm the wave counter, Bitcoin needs to break down support line 1.🔔
Probably, wave 3 will fill the 🔵CME GAP($27,505-$27,465)🔵 drop, and end on support line 2.
I expect Bitcoin to reach at least the 🟢support zone ($26,980-$26,580)🟢 again finally.
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.
Bitcoin Analyze (Growth without Volume(RD-))!!!🤔In the last 24 hours, Bitcoin grew by about ➕7%, but this growth was accompanied by a small volume, and the regular divergence(rd-) between price and volume can be seen well in the volume indicator.
Also, the current 4-hour candle is in Price Reversal Zone(PRZ), Time Reversal Zone (TRZ), and 🔴heavy resistance zone ($32,400-$28,120)🔴; I expect this candle to become a ⭐️shooting star⭐️ candlestick pattern.
I shared with you the position with RR=5, but you must jump to the positions with your own strategy.
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 Analyze (Double Top ⚔️VS⚔️ Inverted Head and Shoulders)As you know, Technical analysis has many complex tools; today, I want to analyze Bitcoin using the simplest ones, such as trendlines and classic patterns in the weekly time frame.
If you take a look at the chart closely, you see two patterns in the Bitcoin chart:
Double Top Pattern
Inverted Head and Shoulders Pattern
Now let's see which of these patterns will succeed in the battle and reach the target without fail. Which one do you think will raise its 🏳️white flag🏳️ and surrender in battle?
I’m now diving into the chart ⚔️battle square⚔️:
The Double Top pattern has 4 types, which can be seen in this chart, Eve and Adam, which is the weakest state of this pattern.
Another pattern I see is the Inverted Head and Shoulders pattern, which has broken the neckline here and reached the 🔴resistance zone ($32,400-$28,120)🔴 & resistance line.
The resistance and support lines have also worked well and reacted every time the price hits them. It’s a good sign for these shields to be strong enough.
The point is that in the weekly time frame, after the neckline of the inverted head and shoulders pattern, Bitcoin has reached the resistance zone for the first time and is not expected to break this zone within its first encounter.
🔔There are scenarios , as always which I’ll point out:
⬇️This whole movement so far can be a pullback to the double top pattern neckline. Therefore, it is expected that Bitcoin will have a fall to the neckline of the inverted head and shoulders pattern. If this drop happens sharply and is accompanied by high volume, the inverted head and shoulders pattern will likely fail, the winner will be the double-top pattern, and Bitcoin will fall to the🟢support zone ($19,950-$17,530)🟢 & support line.
⬆️Suppose this movement is with a gentle slope and low volume. In that case, it will be confirmed as a neckline pullback of the inverted head and shoulders pattern, and my expectation is that Bitcoin will grow after the pullback and attack the resistance zone & resistance line ahead. If this happens, there is a possibility of breaking the resistance zone & resistance line, and the price of Bitcoin can reach 🟣the inverted head and shoulders pattern's target($40,780)🟣.
Which of the patterns do you think will win the battle❗️❓
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Bitcoin Analyze ( BTCUSDT ), Weekly Time frame⏰.
Do not forget to put Stop loss for your positions (For every position that 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 Analyze (Short Term, Double Zigzag Correction)!!!To complete wave 4, Bitcoin has created a Double Zigzag Correction structure inside the ascending channel and support zone ($26,980-$26,580)🟢.
The end of wave Y can be above the upper line of the ascending channel and 🟡Price Reversal Zone (PRZ)🟡.
I expect Bitcoin to reach the lower line of the ascending channel and most likely break the channel down.
If you would like to have a better view of the wave count in the 15-minute time frame, I suggest you look at the below post for a few seconds.👇
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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🔎3 Classic Reversal Patterns for Bitcoin at the same time🔍If you look carefully at the Bitcoin chart in the 4-hour time frame⏰, we can see three classic reversal patterns(at the same time).
The first pattern is Symmetrical Triangle pattern 🚩, which in general, the continuation pattern can be used as a reversal pattern in some cases (for example, right now 😉)
The second pattern is the Diamond Top pattern 💎.
The third pattern is the Rounding Top pattern 🍙.
Each pattern seems to complement the other pattern, and the last pattern we have to wait for is the Rounding Top pattern. With the Rounding Top pattern neckline breaking, the three patterns worked correctly, and Bitcoin is expected to decline at least to the 🟢support zone($25,250-$24,830)🟢 (even more).
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.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,03/28/2023)!!!Today I want to show you how to get Bitcoin to the support zone using 🌊Elliott's Theory🌊.
Yesterday I showed you the way to the support zone using classic patterns.👇
It seems that Bitcoin is completing the 3rd wave, which is extended.
The end of wave 3 will be below the 🟢support zone ($26,980-$26,580)🟢, and since wave 2 had a price correction, we can expect wave 4 to be a time correction and play the role of pullback to the broken 🟢support zone ($26,980-$26,580)🟢.
I expect Bitcoin to break down to at least the 🟢support zone($25,250-$24,830)🟢.
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.
BTC - The price will eventually come back down!Here's a quick look at the BTC 4 hr . chart. As we can see, the price has formed a descending triangle, and a break, either way, will happen soon!
It is important to note that there exist significant unfilled CME- and Fair value gaps situated below the current price. As a general trend, these gaps are known to be filled eventually. Thus, it would be reasonable to anticipate a price retracement to those levels. It is worth mentioning, however, that such gaps may take an extended period to be filled, though in most cases, they are filled relatively promptly.
Also, the current volume is very low, indicating that a more significant move is coming!
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Key Dates to Watch in March:
30 Mar: GDP Report
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What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Bitcoin will fall by Symmetrical Triangle & Candlestick patternBitcoin seems to have managed to form a symmetrical triangle near the🔴heavy resistance zone ($32,400-$28,120)🔴 and resistance line.
Also, candlestick reversal patterns on the upper line of the triangle can be a sign to break the lower line of the triangle.
I expect the lower line of the symmetrical triangle will eventually break and take Bitcoin to the 🟢support zone($25,250-$24,830)🟢.
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 Analyze (Short Term, 15-minute Time Frame,03/25/2023)!!!Bitcoin seems to have completed wave 4 with a double three correction structure(WXY) on the downtrend line.
Wave 5 is expected to continue until the 🟢support zone ($26,980-$26,780)🟢(Wave 3 is extended).
But since the volume of trading is not high on Saturday and Sunday, as a result of breaking the support zone, it is a bit far from expected, although 5 downward impulse waves are approaching this zone with a slight slope, which confirms this issue.
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.