Bitcoin's local perspective 26.08.24Overall, nothing is happening globally, we have been trading within the MDB of May 21 and we continue to do so - the market has been particularly boring for the last two weeks😐
As for the local outlook, either through liquidity removal around the $65,300 level, or immediately - it makes sense to expect #BTC to drop to the $62,581 and $61,646 levels, where we will try to gain a small position on the rebound.
Btcusdtanalysis
BTC/USD "Bitcoin" Bullish Robbery plan to steal the moneyHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist BCH/USD "BITCOIN CASH" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
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BTCUSDT:1 Hour AnalysisHello friends Bitcoin seems to have reached the weekly resistance area and we can expect a small correction to the indicated area and then climb up to the center of the weekly area, if confirmed we can open a sell position and then we can expect if Confirmation of an open buy position.
BTCUSDT:1 Hour AnalysisHello friends Bitcoin seems to have reached the weekly resistance area and we can expect a small correction to the indicated area and then climb up to the center of the weekly area, if confirmed we can open a sell position and then we can expect if Confirmation of an open buy position.
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart:
### Key Observations:
1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines.
2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum.
3. **Two Scenarios Outlined**:
- **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed.
- **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again.
4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown.
### Trading Idea:
Given the current technical setup:
- **Bullish Scenario (Long Trade)**:
- **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level.
- **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000.
- **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout.
- **Bearish Scenario (Short Trade)**:
- **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000.
- **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500.
- **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout.
- **Neutral (Wait and Watch)**:
- **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution.
This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel.
Ensure that positions are adjusted according to evolving market conditions and use proper risk management.
Not Financial Advice, Always do your own research.
Please hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
BTCUSDT: $57000 TO $66000 Targeting Small Move Dear Traders,
We have a good opportunity on btc to target a small buy correction move, it is not an swing trade. However, we cannot be certain of swing move yet on crypto market that is why we have decided to share you an intraday move. Please do your own research too before entering or taking any positions.
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.
BTCUSD: Long, target 78000-82000
Bitcoin, as a digital asset, is a form of risky investment, but it is also a type of currency, or one might call it a virtual private currency. It possesses the attributes of money, and to some extent, it also shares the safe-haven characteristics of gold. This is why I previously predicted Bitcoin’s trend based on gold’s movement, successfully shorting from around 70,000 to the target near 48,000. We can approach it similarly this time.
As we all know, gold has surpassed 2,500 due to the potential threat of war and the impact of inflation. During this period, Bitcoin did not see a significant rise but rather fluctuated within the 56,000-62,000 range. This is due to its dual attributes. However, it also did not experience a significant drop. Does this mean that the capital market's risk assessment of Bitcoin in the current unstable international situation is not very high? Is its safe-haven characteristic still present?
Based on the above assumptions, I believe that as the demand for gold as a safe haven diminishes (this does not mean that gold’s safe-haven attribute will disappear, but rather that gold’s price has reached a new historical high, which may cause some hesitation among those considering entering long positions. This is human nature, and during this period, the possibility of idle funds flowing into Bitcoin will increase), Bitcoin is very likely to experience a significant surge. Therefore, in the current Bitcoin trading, going long might be the better choice.
As for the target of this long position, I think we can tentatively set it around 78,000-82,000.
BTCUSDT4-hour time frame bitcoin analysis
Bitcoin has risen in the 4-hour time frame and can move up to the specified Swap zone. In price reversals, we can enter buying positions after seeing the confirmation. Also, when the price reaches the swap zone, we can look for sales positions by seeing the confirmation.
BTC/USD "Bitcoin" Bullish Robbery Plan To Steal MoneyMy Dear Robbers / Money Makers & Losers,
This is our master plan to Heist BTC/USD "Bitcoin" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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 BTCUSDT currently trading around the $60,539.9 levelThe BTCUSDT chart shows Bitcoin currently trading around the $60,539.9 level. The price has seen some volatility recently, with significant movements both upwards and downwards.
Key Points:
Support and Resistance Levels:
The price recently reached a local high (TP2) around $61,112, but faced resistance near $62,375, causing a pullback.
There is significant support near $58,267.5, as indicated by the recent entry marked by RICHI. This level could act as a key point for further upward movements if the price holds above it.
Recent Trade Setups:
A long position was initiated around $59,000 with a maximum profit of 16.94%, showing a successful upward move that hit the take profit levels (TP1 and TP2).
A short position was also triggered after the price failed to break higher, leading to a brief downward movement. However, this short trade appears to have been closed as the price bounced back.
Current Scenario:
The price is now consolidating around $60,500. If it breaks above the recent high, it could retest the resistance at $63,000. Conversely, if it drops below $58,267.5, we might see further declines toward the next support levels at $57,000, $55,733, or even $54,044.
Potential Targets:
On the downside, potential targets for further decline are set at $57,000, $55,733, and $54,044. These levels align with previous support zones and Fibonacci retracement levels.
On the upside, the key resistance levels are at $62,375 and $63,335, which Bitcoin needs to overcome to continue its bullish momentum.
Conclusion:
Bitcoin is currently in a critical consolidation phase. Traders should watch for a decisive breakout above the current resistance levels or a breakdown below the support to determine the next major move. Holding above $58,267.5 could be bullish, while a fall below this level might indicate a deeper correction.
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models.
AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇
On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow).
In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇
In the yellow model - level 4 point (0.05216) and level 0.044👇
In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇
Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts.
Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
Clear boundaries of the sideways trend in which the price has been since March are visible. We can consider H4, the formation of a 3-wave structure in continuation of the upward movement, to the upper border of the sideways trend. If the price fixes above the border and the level is retested, it will be possible to consider purchases with a target of 80,000. To cancel the idea or purchase additional assets, it is better to consider a breakout of the minimums beyond the lower border.
Target 60680 - 80000
Bitcoin – CRUCIAL LEVELS TO WATCH amidst the dipIn the last 24 hours, Bitcoin (BTC) has experienced a significant decline, dropping below the $60,000 price range. Given the current trend and the market’s volatility, could we see a further drop to the $40,000 price range?
Analysis of Bitcoin’s price trend highlighted a significant downturn over the last 24 hours, with a drop of over 9%.
Bitcoin was trading at approximately $52,900, with its decline hovering between 8% and 9% within this period.
Using the price range tool, it was evident that since the onset of the major decline around August 2nd, Bitcoin has experienced a substantial decrease in value, amounting to over 24%.
Using the Fibonacci retracement indicator to analyze Bitcoin’s price trend offered valuable insights into potential future movements.
Notably, if BTC’s price managed to hold above the 23.6% retracement level, it could ascend to test higher Fibonacci levels.
The chart showed it could specifically test the 38.2% level at approximately $56,847.56 or even the 50% level at about $59,127.13.
Conversely, if the downward trend persists, the next critical support, according to the Fibonacci retracement analysis, would be at the 0% level, around $49,467.88.
Additionally, the Relative Strength Index (RSI) analysis showed it was in oversold territory. Typically, this could indicate an imminent price reversal or bounce, as buyers might consider it an optimal point to enter the market.
However, it’s crucial to note that during strong downtrends, the RSI can remain in the oversold zone for extended periods.
Additionally, the Moving Average Convergence Divergence (MACD), another momentum indicator, shows bearish momentum.
Considering these factors—the bearish MACD, the oversold RSI, and Bitcoin’s positioning relative to key Fibonacci levels—the short-term outlook for Bitcoin appears to be bearish.
🗺️Bitcoin Roadmap🗺️🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement .
🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending channel has played the role of resistance and support well.
🏃♂️Bitcoin is moving near the ascending channel's midline , the pitchfork line , the Resistance lines , and the 🟡 Potential Reversal Zone(PRZ)($82,800-$73,200) 🟡➡️ So it shows that Bitcoin is facing an Important Resistance(Supply zone).
⚖️If we look at the chart, it looks like we can expect similar moves before the 2020 Halving . Move 1 is similar to move 3 , and moves 2 and 4 are similar, so if we want to expect similar moves, Bitcoin should start correcting . And until the 38.2% and 50% Fibonacci corrections (we should NOT consider the decrease of Bitcoin in Covid ). I have drawn the possible move for you in the chart below.👇
🌊According to the theory of Elliott waves , Bitcoin can follow two scenarios, and it depends on future events and news . The scenario is as follows:
🚀 Bullish scenario ( more likely due to Halving, ETF, etc ): Bitcoin has completed the main wave 3 at $73,777, and we should wait for the start of the main wave 4 and then increase towards $87,000-$99,000-$112,000 .
🚨 Bearish Scenario : Bitcoin has finished the main wave C at $73,777 (or a little higher), and in case of breaking the 🟢 Heavy Support zone($50,000-$38,500) 🟢, we should wait for Bitcoin to fall (the fall can continue up to 😱 $18,000 😱). Of course, according to the current market conditions, this scenario is somewhat unlikely, but it is still possible, if Bitcoin goes above $77,000 , this scenario will be removed in general .
💡If we look at the RSI indicator in the weekly time frame , we can see that it seems that the RSI has succeeded in forming a Rising Wedge pattern , which can correct the upcoming correction of Bitcoin.
💡In the 1-hour time frame , Bitcoin has formed an Ascending Broadening Wedge pattern , which can be a sign to start the correction of Bitcoin .
🔔According to the above explanation , we can conclude that Bitcoin correction can start soon ; Bitcoin can have a correction to 🟢 Heavy Support zone($50,000-$38,500) 🟢 and then we have to wait for the next movement of Bitcoin( Re-pumping is more likely ).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Weekly 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.
BTCUSDT at daily support, likely to head up towards 65kHere is a long idea on smaller time frame.
The price is again at daily support from where it has bounced last time.
I expect the price to bounce again from here towards daily resistance DR1.
Therefore, a long trade setup is favorable here.
Let us see how the price moves in coming hours.
Let me know what you think about this trade idea.