BTCBUSD
Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰).
First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰.
In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴.
📚 Teaching Tip 📚: Mostly, heavy support and resistance areas are not broken with a single attack.
Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY) .
Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡 Time Reversal Zone(TRZ) 🟡.
The end of the Double Three Correction structure can end in the 🟢 support zone($ 25,280-$ 24,410) 🟢.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
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BTC - respecting the bear market resistance!Here's a quick comparison of two periods in bitcoins history
The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
The US interest rate has reached the same level as it was during the onset of the 2008 Financial Crisis market decline. This should be taken into consideration. Despite this, on Twitter, someone claims almost every other day that BTC will reach 100k soon. However, in my opinion, this is complete nonsense. Given the current state of the financial market, it's not ready for a sustained uptrend.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
With regards to DXY
The current market analysis indicates a significant double-bottom reversal in the DXY index, with expectations of reaching a minimum index level of 105 soon. Moreover, should resistance zone 1 be surpassed, a subsequent movement towards resistance zone 3 is expected!
It is crucial to note that if the DXY index maintains its upward momentum, it may exert considerable downward pressure on both the stock and cryptocurrency markets. Consequently, it is advisable to closely monitor the movements of the DXY index, particularly for those involved in stock or cryptocurrency investments.
Bitcoin will go UP by Falling Wedge&Symmetrical Triangle(15-Min)Bitcoin seems to be moving in a Symmetrical Triangle during the last 3 days, and also, the Falling Wedge pattern can be seen on the chart.
I expect that if Bitcoin does not make the sixth contact with the symmetrical triangle, Bitcoin will easily break the upper line of the symmetrical triangle and move towards the 🔴 resistance zone($ 27,360-$ 27,270) 🔴.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin will go UP by Falling Wedge & Ascending Triangle(15-Min)Bitcoin managed to form Falling Wedge and Ascending Triangle patterns .
Currently, Bitcoin managed to break the upper line of the Ascending Triangle.
I expect Bitcoin to go up to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴 after breaking the resistance line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin will go UP by Expanding Flat(15-Min)🚀Bitcoin made its correction to the 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 with the Zigzag structure(ABC/5-3-5) .
I expect the next corrective structure to be an Expanding Flat(ABC/3-3-5) and bring Bitcoin closer to the 🔴 resistance zone($ 27,360-$ 27,270) 🔴.
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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Bitcoin will go down by 🗻Triple🗻 Top🗻 Pattern(Short term)Bitcoin has formed a 🗻🗻🗻 Triple Top Pattern 🗻🗻🗻 near the 🔴resistance zone($ 27,240-$ 26,160)🔴, and a long-bodied red candle has broken the neckline.
Bitcoin is currently completing a pullback to the neckline.
I expect Bitcoin to go down to at least the 🎯target 🎯 I marked on the chart.
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.
I haven't got any idea for BTC yetJust some levels, last pike Fibo, liquidity (order) blocks and an Orange line.
Quite thick Orange line.
Hope we may help.
If you did your own research and have an idea, please share it. Better by hyperlink.
Kind wishes!
BTC - Big move coming! Watch the neckline! The volume is very low at the moment! This indicates a bigger move is coming!
Last time the volume was this low, the price went from 40k to 27k in only two days!
When meme coins start pumping, you know the overall rally is coming to an end. We are exactly in that phase, in my opinion. Memecoins have recently been pumping while the overall market has shown significant weakness.
I suggest that everyone stay away from Altcoins as the BTC dominance is expected to climb higher!
After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap.
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Bitcoin Analyze (Road Map, 05/31/2023)!!!🗺️(1-hour time frame)Bitcoin is still moving in the descending channel.
Also, Bitcoin is moving in its main bearish wave 3.
I showed you the 🗺️Bitcoin roadmap🗺️ in 1-hour time frame using Elliott wave theory.
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: Price action is getting tight!The price has undergone multiple retests of the lower boundary of the triangle formation, indicating a weakening trend! Considering the upward momentum observed in the DXY, a break below the triangle formation is expected. In such an event, it is anticipated that the price will reach a minimum of 24.8k. However, if the DXY continues its upward momentum and the stock markets experience further declines, it is conceivable that additional downward movement beyond that level may ensue!
BTC - Bearish retest of the neckline!It is apparent that the price has breached below the neckline and subsequently undergone a bearish retest. However, the price has failed to regain the neckline, indicating a potential shift in momentum toward the downside. Should the price further break below the support zone, there is a strong possibility of moving toward the 24k mark.
Furthermore, it should be mentioned that the volume is currently very low! This indicates a more significant move is coming!
Last time the volume was this low, the price went from 40k to 27k in only two days!
When meme coins start pumping, you know the overall rally is coming to an end. We are precisely in that phase, in my opinion. Memecoins have recently been pumping while the overall market has shown significant weakness.
I suggest everyone avoid Altcoins as the BTC dominance is expected to climb higher!
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀Bitcoin managed to break the resistance line successfully.
Now Bitcoin is pulling back to the resistance zone and the resistance line that has been broken.
The pullback structure is in the form of a falling wedge pattern, and if we look closely at the chart, we can also see a bullish pennant pattern.
I expect Bitcoin to grow up to the resistance zone after breaking the upper line of the falling wedge pattern.
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 growth from bottom of Ascending Channel(short term)🚀Bitcoin is moving near the bottom of the ascending channel in the 15-minute time frame.
I expect Bitcoin to go up to at least the resistance line.
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 volume is extremely low! A big move is coming!The volume is very low at the moment! This indicates a bigger move is coming!
Last time the volume was this low, the price went from 40k to 27k in only two days!
After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will most likely fill the fair value- and CME gap.
Additionally, the current market period seems to follow a similar pattern to the one observed in 2021, suggesting that the market may experience a downward movement that could lead to a decline in value to 13.5k. While history doesn't always repeat itself, it's worth noting that historical patterns tend to rhyme with the present.
Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement.
The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case.
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
BTC 1H: other legup to 28000 zone ?It seems to make a small Bullish Ascending triangle on the 5 min chart, inside of a 15min chart bullish flag.
Could we see perhaps another legup to 28000 zone before heading back down to the 25000 zone?
What do you think ?
Bitcoin will pump by Falling Wedge Pattern🚀Bitcoin was able to make a Falling Wedge Pattern near the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢.
I expect that Bitcoin will go UP after breaking the upper line of the falling wedge pattern.
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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BTC/1D : is it making a bullish flag ? It seems to making a bullish flag on the daily chart.
Could we maybe see a 5th leg down , before breaking out ? And perhaps rally back to 1 of the supply zone.
I should wait for a breakout first or a 5th leg down to get more confirmation .
Bitcoin Analyze (05/12/2023)/Short term!!!Bitcoin seems to have completed wave 5 of the Expanding Diagonal Pattern in the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢 and the 🟡yellow area🟡 of my chart.
Also, Regular Divergence (RD+) can be seen between the end of wave 5 and wave 3.
I expect Bitcoin to grow to at least the top line of the Expanding Ending Diagonal .
Bitcoin Analyze ( BTCUSDT ), 2-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 Growth with Bullish 🚩Pennant🚩 Pattern🚀(Shor term)As I expected in the previous post, Bitcoin was not able to break the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢, but as Bitcoin always does, it created a trap(🐻Bear Trap🐻).
Bitcoin seems to be completing the Bullish Pennant pattern , but maybe the ⚠️ low trading volume ⚠️ on Saturday and Sunday will affect the correct formation of this pattern.
If Bitcoin can break the upper line of the symmetrical triangle , we can consider confirmation of this pattern.
🔔I expect Bitcoin to grow at least up to the downtrend line after breaking the upper line of the symmetrical triangle, and the next step could be the 🔴 resistance zone($ 28,000-$ 27,660) 🔴.
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 Daily Update -17 MayFor more chart you can install our mobile application.
Take your risk, make some profit !
Bitcoin growth by Expanding Flat🚀(Shor term)!!!It seems that the corrective structure of Bitcoin for a pullback to the broken resistance line is Expanding Flat(ABC/3-3-5) , which is considered a common corrective pattern.
The end of wave C is located in 🟡 TRZ(Time Reversal Zone) 🟡 and 🟡 PRZ(Price Reversal Zone) 🟡 and near the support line (former resistance line).
I expect Bitcoin to go UP to at least the 🔴 resistance zone($ 28,000-$ 27,660) 🔴and possibly create a 🐮 bull trap 🐮.
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 (Road Map, 05/15/2023)!!!🗺️(4-hour time frame)As I expected, Bitcoin completed the main wave C with by Expanding Ending Diagonal pattern.
Now the structure of the next corrective wave is expected to follow the 🔵 CME Gaps 🔵.
I expect Bitcoin to rise at least to the end of microwave 4 of main wave C, and then start to decline again and fill the 🔵 lower CME Gap($ 26,770-$ 26,510) 🔵, and then rise to the top of the descending channel and fill the🔵 upper CME GAP($ 29,500-$ 29,110) 🔵.
Also, we can see the Double Bottom pattern in the RSI Indicator , which confirms the rise of Bitcoin to the end of micro wave 4 of the main wave C.👇
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.
