🚨Bitcoin will Fall by Failed Falling Wedge Pattern🚨❌ Bitcoin failed to break the 🔴 Resistance zone($65,700-$67,520) 🔴.
📈From the point of view of Classical Technical Analysis , the Failing Wedge pattern failed, and since if the reversal pattern fails , the pattern will have a continuing role , the Bitcoin fall is still expected.
🔔I expect Bitcoin to continue its downward trend after the rise to the lower line and 🟡 Potential Reversal Zone(PRZ) 🟡again.
❗️⚠️Note⚠️❗️: If Bitcoin touches $65,500 , the bullish scenario can change, I will talk about the importance of this number in the next posts .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
Btcusdtanalysis
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🌐 Bitcoin seems to have started to increase under the influence of Ethereum ETF news ➕ Inflows into Bitcoin ETFs hit $237 million on Monday .
🏃♂️ Bitcoin is currently moving near the 🔴 Resistance zone($73,780-$71,920) 🔴 and the Resistance line .
🌊According to the Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 5 .
🔔I expect Bitcoin to Attack the Resistance zone after the completion of micro wave 4 from the main wave 5 .
❗️⚠️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.
BTCUSDT likely to head down from hourly resistance around 68.3kHere is a short idea. The price has bounced several times from hourly support but is likely to break it on the next drop. The price may hit hourly resistance HR1 first before that and then reverse from there triggering our short trade. The price is likely to go down towards the target of this trade around 68.3k. Lets see where it goes.
BTCUSDT at hourly support, likely to bounce towards 71.2kThe price has hit the weekly resistance WR1 and has pulled back from there. The price has been pushed down from that resistance and it has now hit hourly support HS1 on this pullback. This support zone will provide support to the price and the price is likely to bounce enough for a long trade opportunity. We try this long trade towards weekly resistance around 71.2k area. If we lose this support then we are going likely for the daily support zone.
BITCOIN Comprehensive Technical AnalysisHello everyone.
First of all I should say happy new year (Nowrooz) to all iranian people around
the world specially iranian traders community.
Im going to explain how will BTC behave in coming months according to
Elliot wave principles.
As you know wave analysis act better in higher timeframes like Weekly.
So I want to take a look at BTC price action from Nov 2022 that new Elliot Motive wave starts.
You can see the end of wave 3 of a 5 wave move in picture below:
so we are now in the end of a wave 3 in 161.8% fibonacci projection level from the end of wave 2.
furthermore we will have price correction as wave 4.
this wave 4 can be end in 57000 level that is a strong support level and most Fibo retracement levels compress here.
there are a lot of reasons that we will have a bullrun in coming months :
The most important one is Bitcoin Halving and the second one is inflows from approved ETFs
and last one is expected Federal rate cuts.
In chart below you see the overlay levels of Fibo that price will target soon.
Overall in my opinion after a correction to 57000 level as wave 4 , price will go forward to 3 targets ahead as wave 5 (100% level of wave 1) : 85000 , 100000 and 115000.
the most probable target level is 115000 (100% Fibo projection of wave 1)
after that price will correct till the range of wave 4 means 57000 again.
this level (I mean 57000 to 60000) will convert to a strong support level after the price correction.
Hope you like this opinion.
you should make decision on your own opinion but I will be happy if you share your views in comments with me.
Thank you for reading this analysis.
Have good trades
BTCUSDT: 80K On The Way! Dear Traders,
BINANCE:BTCUSDT recently ranged between $60000 to $65000, however, price created lower low and then lower high and failed to continue the pattern, in other terms price took our the sell side liquidity and then after price early mitigated. Currently we are expecting price to continue the bullish momentum until it reaches 80k
**If you like our work then please do like and comment, it will encourage us to bring you more ideas. Thanks everyone for your continuous support**
BTCUSDT at daily resistance, very likely to head to 65k Our short trade is still in progress. However, here is a new short trade idea. The probability of the price to move lower now is higher than before. The price is still trading at daily resistance DR1. I have updated the resistance zone. The price is likely to head towards daily support DS1 and that is the target of our this trade idea as wll as the previous one. We will look for a long opportunity from there.
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MACD indicates flat momentum!After breaking the descending trend line, the RSI now holds above its former resistance-turned-support.
100EMA is working as support.
However, the MACD indicates flatlining momentum with no clear direction. Despite nearing a bearish crossover, we lack momentum for significant short-term movement. Expect subdued price action or sideways movement due to this lack of momentum and a weak trend in either direction.
#Bitcoin #Crypto
I'll share a short-sighted RBI of Bitcoin#BTC
Hi, Friends!
Good to see you all.
I hope you have a joyful weekend.
Let me explain the short-term perspective of Bitcoin
■ The BLUE resistance line has not been able to break through upward.
■Bearish Divergence as RED appears.
■Red short-term uptrend line is broken down.
■ Expected to fall after retesting.
BTCUSDT at daily resistance, likely to pullback to 64khe price has finally hit the daily resistance DR1 and that triggers my short trade idea from there.
I think the price will pullback here towards low timeframe support LTFS1.
Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
✈️Bitcoin is Ready to Pump✈️🏃♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴
🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves).
📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern .
💡Looking at the chart of Market Cap USDT Dominance% (USDT.D%) , we can see that USDT.D% managed to break the Support line and expect a drop to the 🟢 Support zone(4.72%-4.53%) 🟢 as I expected in the " USDT.D% will ⚔️Attack⚔️ to Support zone again " post.👇
🔔I expect Bitcoin to rise to at least the 🔴 Resistance zone($65,700-$64,200) 🔴 and the 50_SMA(Daily) .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 Fail in the ⚔️Third Attack⚔️ on the Resistance zone⚠️First, I must say that the Consumer Price Index(CPI) rates will be published today ( so be careful about your positions when they are published ).
🏃♂️ Bitcoin is currently moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 (this is the third time it has attacked this zone).
🌊According to Elliott wave theory , Bitcoin seems to be in corrective waves . ( If the 🔴Resistance zone🔴 breaks, the scenario will change again) .
🔔I expect Bitcoin to start going down after the completion of main wave B to complete main wave C and at least fall to the Support line .
❗️⚠️Note⚠️❗️: if Bitcoin can break the 🔴 Resistance zone($63,440-$62,690) 🔴, the scenario will be changed.
❗️⚠️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.
BTCUSDT long from 4h support 62.6k-63.0kThe price finally went deep into the 4h support 4HS1 and presented an ideal opportunity to go long. That is a good support zone and therefore I have taken this long. The price may head way beyond the target. But for now we keep that as a target of this trade and we will revavluate later to continue this trade further towards 4HR1 and 4HR2. Let me know what you think in the comments.
I'm going to break the "Bitcoin"Hello friends, nice to meet you. Here's an amazing Bitcoin chart perspective today
I always support your successful investment.
I hope you do well with safe risk management.
Go for it!
Lowering the highs, the wave is moving in a downward trend.
If you succeed in retesting after breaking the red downward trend line upward, you can think of it as open to 80.4K as a medium wave.
Here we go!!
Now we need to find a moment of rebound. We need to position ourselves in a position where we have good cost-effectiveness and profit-loss ratio so that we have a shorter loss range and a larger loss day.
At the current position, on an hour-long basis, I think the upward divergence is emerging, which is the first condition for a rebound.
The thing to watch out for in the upward divergence shown in the chart above is the push of the candle or the tail end of the candle
In terms of small waves, it showed a form of raising the low point, but if the retest is successful after breaking the blue short-term upward trend line and closing the bell due to the power of the current sell-off, it should be seen that it can reach 57K once again.
Summary:
■60810 The rebound must be achieved after overcoming the price to raise the low point in the sofa statue.
■1 hour-long RSI and upward divergence appeared.
■ If you succeed in retesting after breaking the red downward trend line of the 4-hour rod, it will be open to 80.4K on a medium wave basis.
Bonus Chart
The chart below is my most reliable long-term trend line.
If the adjustment deepens, it could go down to the blue thick upward trend line (56.2K to 56.4K)
Thank you :)
BTCUSDT at 4h resistance and likely to pullback towards 61kHere is a short trade idea setup. I have taken this short trade with very tight stop loss. along with small position size. The price has moved up since we closed our long. It has now reached a key resistance level which was the level from where the price dropped last time. Therefore, this level will present significant resistance here and it will cause the price to pullback here. It has now reached a key resistance level which was the level from where the price dropped last time. Therefore, this level will present significant resistance here and it will cause the price to pullback here.