BTCUSDT looks Bullish!Bitcoin technical analysis update
Bitcoin formed a falling wedge in the bottom, now a price-breaking wedge pattern, in short term expecting up move from the current level.
if you are looking for a long-term investment in Bitcoin, then this is a good time to invest.
Buy zone: Below $19300
Stop loss: $17500
TP 1: $20,700
TP 2 : $22600
TP 3 : $26000
Always keep stop loss
Thanks
Hexa
BTCBUSD
Bitcoin Analyze (What will happen❗️❓)Let's see today if Bitcoin has started an upward trend or if this price increase that we saw in the past days was just a bear trap or the work of price changes by 🐋whales🐋 and exchanges.
🔆First of all, I think you should carefully read my previous posts that I put on the chart to have a better understanding of today's post and analysis (Although I tried to cover each of them briefly).
Today's Bitcoin analysis is on a daily time frame.
Since in the weekly chart, the heavy resistance zone, which was before the break of the heavy support zone, was broken by a weekly red candle with a long body and high volume (It is interesting to note that the candle of the first week of November 2022 has the large volume of all weekly candles ever created, so the breakout made by this candle is not expected to be fake).👇
Another point that we can get from the analysis of Bitcoin in the weekly time frame is that Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth ( Bitcoin has reacted well to all ascending channel lines).👇
🔁Now let's go back to the analysis of Bitcoin in the daily time frame and today's chart.🔁
Bitcoin is attacking the PRZ(Price Reversal Zone) for the third time, and this time, in addition to attacking the PRZ, Bitcoin is also trending towards the important downtrend line, and it is also forming a bearish ALT 🦇Bat🦇 harmonic pattern near this downtrend line.👇(Bitcoin reacted well to the PRZ last time)
Since we have not seen significant volume in this bullish rally and also EMA 100 (Daily TF) as a dynamic resistance has worked well on the Bitcoin chart in the past, and now Bitcoin has hit the EMA 100 (Daily TF) again, so I expect Bitcoin After hitting the important downtrend line and forming the bearish ALT 🦇Bat🦇 harmonic pattern, it will fall again at least until the support lines.
To better understand the resistance and support zones of Bitcoin in lower time frames, I also shared with you the chart of Bitcoin in the 4-hour time frame.👇
❗️Note❗️: if Bitcoin goes up over $19800, Bitcoin can 🚀pump🚀 at least to $25000.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Where is the end of the🐻Bear🐻 market❗️❓First, I must say that I have good news for Bitcoin fans: Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth (Bitcoin has reacted well to all ascending channel lines).
🔆A question I hear a lot these days: Where is the end of the bear market❗️❓
🔆The answer to the above question is available in my chart 😊.
In my opinion, the end of the bear market can be in the heavy support zone.
Also, Bitcoin has lost about 80% in its first fall from the top of the ascending channel, and it is expected that the current drop amount will also be about 80% (exactly in the heavy support zone).
🟢Heavy Support zone🟢: $13880 - $11280
🔴Heavy Resistance zone🔴: $36540 - $28800
Bitcoin Analyze ( BTCUSDT ), Weekly Timeframe⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze (The end of pullback, 12/15/2022)!!!🔚For a better start, let's go back to the post titled " Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓ " that I reviewed in the weekly time frame.
Be sure to try reading this post to get additional information about today's post.👇
According to the post above, Bitcoin is pulling back to the heavy support zone it missed.
The pullback structure is in the form of an ascending channel, which seems to have finished the journey of Bitcoin in this ascending channel with the formation of the Evening Star candlestick pattern in the PRZ(Price Reversal Zone).
Also, If we look at to Stochastic RSI Indicator in the daily time frame, we can see the end of the movement of this uptrend.👇
🔆Result: I think Bitcoin will attack the support zone again after breaking the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze_End of 🐻Bear🐻 Market❗️❓Today I want to introduce to you the zone where Bitcoin is likely to start growing again.
If you look carefully at the weekly timeframe on the Binance exchange, you will notice that the support zone, which has now turned into a resistance zone, has been broken by a red candle with a long body and a lot of volume.
It is interesting to note that the candle of the first week of November 2022 has the large volume of all weekly candles ever created, so the breakout made by this candle is not expected to be fake.
It appears that Bitcoin is currently in a phase of pullback to the lost support zone, but according to the above, it is expected that Bitcoin will approach the heavy support zone in the coming weeks. The heavy support zone could be the end of this bear market or at least put a long-term stop to Bitcoin's decline.
🔆What can be the signs of the beginning of a 🐃Bull🐃 market?
1-View bullish reversal candlestick patterns into the heavy support zone and on the weekly or even monthly timeframe.
2-Breaking the downtrend line validly.
3-Breaking of the resistance zone validly.
4-Breaking the SMA 200 (Daily TF) validly.
Bitcoin Analyze ( BTCUSDT ), Weekly Timeframe ⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin BTC price will try to start a growth trend in a monthThe past trading week was very hot. Many regulators of the world's economies summed up the results of 2022 and set priorities for 2023.
Nevertheless, the BTCUSDT price moved quite predictably
First, we saw the break-up of shorts stops, and now a logical correction price.
Also in this idea, we wrote about CPI and FOMC - Fed Funds Rate and how they influenced the movement of cryptocurrency prices, if you are interested, welcome! :
Today, we bring to your attention a possible scenario of the BTCUSD price movement.
On the chart, we have depicted a fractal according to which the price may move in the next six months.
The main point is that in the next month and a half we can expect a tedious consolidation of the BTC price
Then in late January - early February 2023 - a breakthrough impulse upwards.
Further trend movement upwards at least until mid-May 2023 and fixing a maximum in the range of $44-45k.
If you are wondering what the red, yellow, and green lines on our chart mean, we invite you to re-read our global idea.
Also, by subscribing to this idea, you will be able to follow the movement of the Bitcoin price on the weekly chart.
And what will happen to altcoins while the BTCUSDT price is in a month-and-a-half consolidation?
It is very likely that altcoins may start to selectively "shoot up". This is also a very important component in the emergence of a possible future growth trend
After all, if after more than a year of falling trend they finally start shooting up, it will show investors that the market is coming back to life.
And if the market comes to life, then you can start pouring in money.
And then the cascading growth: more fresh money - more pumps - all start to brag about how much %% they earned = even more fresh money, and this is the beginning of a full-fledged growth trend.
And by the way, the total capitalization of the crypto market now moves by the fractals depicted in the idea above. Probably everything is just in its infancy, it will be more interesting!)
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Bitcoin Analyze(Bump-and-Run Reversal Top Pattern,01/11/2023)!!!I still believe that Bitcoin will go down.
My reasons are the analysis of Bitcoin waves and the Bump-and-Run Reversal Top Pattern that is being formed, you may not be familiar with the Bump-and-Run Reversal Top Pattern, but it is considered one of the classic valid patterns.
The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche.
In this scenario, only professional skiers/traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow!
This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases:
1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain.
2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak.
3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way.
Bitcoin seems to have passed the peak of the Bump-and-Run Reversal Top Pattern Bump and is completing this phase.
After breaking the support trend line, the Run phase is expected to start.
❗️Note❗️: if Bitcoin goes up over $17520, Bump-and-Run Reversal Top Pattern will fail, and Bitcoin can go up to $18200.
Bitcoin Analyze ( BTCUSDT ), Timeframe 1H⏰.
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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze (Zigzag Correction,01/09/2023)!!!🌊It is interesting to note that Bitcoin has been completing a zigzag correction for about 20 days.
The structure of the main C wave is Expanding Ending Diagonal.
I have tried to show you the end of micro wave 5 of the main wave C on the chart.
I expect Bitcoin to fall again, at least to the 🟢support zones🟢 I have marked on the chart.
Bitcoin Analyze ( BTCUSDT ), Timeframe 4H⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze(Short Term, Timeframe 15min,01/09/2023)!!!I think you should first look at my previous post today about Bitcoin .👇
It seems that by hitting the upper line of the Expanding Ending Diagonal and forming the Shooting Star Candlestick Pattern, we can confirm the end of the main wave C.
In my opinion, Bitcoin will go down to the targets I specified in the chart.
Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
possible Bitcoin price trade for weekendSo, the first trading week in the new 2023 is coming to an end.
The week turned out to be quite calm, the price of BTC grew +2.5-3%, while altcoins showed slightly better results from +5% to +25% shown by the ETCUSDT pair.
We described our expectations for 2023 in this idea:
Today, the market may move a little bit, because the US unemployment rate will be published
_____________Fact_____ Forecast____ Previous
06.01.23_____ ?________ 3.7%________ 3.7% - we expect smooth growth, consolidation
02.12.22_____ 3.7% ______3.7%________ 3.7% - smooth growth, consolidation
04.11.22_____ 3.7%______ 3.6%________ 3.5% - Market collapse
The main thing is that the indicator is as predicted or even better.
Deviations in the direction of deteriorating dynamics can provoke market collapses.
So for the weekend, we will try to trade with a short stop
Entry $16510
Stop $16274
Take profit $17444
Profit/loss ratio 4/1
Next week, on 12.01, the updated CPI will be announced
And on 01.02.23 the next FOMC meeting will announce a new Fed rate and really shake up the financial markets.
Therefore, we expect that January will pass in consolidation with smooth growth.
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Bitcoin Analyze(Short Term,01/04/2023)!!!🔨Bitcoin is running on top of the ascending channel and resistance zone.
Also, we can see a Bearish Engulfing Candlestick Pattern.
I expect Bitcoin will go down at least to the support zone again after breaking the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Timeframe 1H⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC outlook - Bearish Trend continuesHere's a quick look at the 3-day BTC chart. As we can see, the price has been oscillating within the bigger descending triangle. If DXY (Dollar Index) keeps rising, we should expect the price of BTC to go further down!
There are some unfilled Fair value gaps between 11k and 12k. Also, there is an unfilled CME gap at 9.7k! These gaps tend to get filled at some point! These gaps will likely get filled in this bear market since the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down!
I firmly believe the bottom will be close to the 10k area. We have yet to see the last capitulation, IMO, yet! Trade Safe!
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Bitcoin Analyze(Short Term, Timeframe 15min,12/26/2022)!!!💥☃️🌲☃️💥💐🌲Merry Christmas 💥💐🌲☃️
Bitcoin broke the downtrend line and is now pulling back to this line, as I said in the previous post👇✅. (Sniper🎯)
I expect Bitcoin will go up at least until my target.
I hope you have received the New Year's 🎁gift🎁 after the growth of Bitcoin.
Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Merry Christmas BitcoinThis has been my main focus this December, and it will continue being till Tuesday when we can expect more Data release to Support or Suppress Inflation for the next year.
We’re sticking to our strategy; till we see otherwise.
Holding Short long term. Projections towards 9k-7k
Ps. Hashrate had some influence today for sure, not really sure how The FED will play it on their plans for the Slow Growth Economy plan.
Merry Christmas!!
Cheers,
Possible Bitcoin price trade in the coming daysLast week in the BTCUSDT idea, we presented you our vision of a possible medium-term fractal Bitcoin price movement until May 2023.
Also, there are our thoughts about capitalization, the flow of various indices and rates on crypto, and when altcoins will finally start shooting. In general, not a bad longread, who has not read it yet, welcome:
Since the BTCUSD price is currently moving well in the fractal from the idea above, we want to present a possible modest but balanced trade for the Christmas weekend:
Entry around - $16661
Stop below - $16374
Take profit at - $17674
Profit/loss ratio - 3.5/1
To all who will celebrate Christmas on the weekend - Merry Christmas
And also, to all of us, profitable and balanced trading in these difficult times.
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Bitcoin Analyze (Short Term, Timeframe 15min,12/20/2022)!!!As you know, any analysis should be started from higher time frames.
As you can see, Bitcoin is running on a daily time frame, according to my analysis.
So I will try to share most of the shorts positions with you.
Bitcoin is creating a corrective structure after completing 5 impulse waves; the corrective structure is a zigzag correction type.
The end of wave C of this zigzag can end in the support zone.
Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bearish trend continues for BTCHere's a quick look at the 6 hr. BTC chart. A couple of days ago, the price attempted a breakout to the upside from the bear flag but couldn't close above it. This led to a semi-heavy move to the downside, which broke the bear flag to the downside instead!
If the DXY (dollar index) keeps rising, we should expect BTC to continue its move down. And if DXY retraces to lower levels, then BTC may see some upside. Make sure to keep an eye on DXY!
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Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!