Two Paths to follow (BTC)BINANCE:BTCUSDT
Bitcoin long term analysis:
According to recent events on a macroeconomic perspective and TA on the weekly chart I conclude on two different paths Bitcoin can take.
The positive side:
analyzing with diagonal resistances one is be able to notice that Bitcoin's support is around the 34700 mark. From this point, if the price action were to close above this trendline and hold support this would be the bullish scenario (ABC Correction after the bearish Elliot Wave from ATH). It is hard to consider a new ATH is possible because of all the macroeconomic narrative. Bitcoin is highly dependent on NDX,SPX and DJI. Don't forget it is also highly dependent on the DXY which is facing strong resistance which is bullish for bitcoin if it is unable to surpass this resistance (103-104 level). If the DXY index declines and the other three main indexes continue the uptrend Bitcoin will be able to reverse the bear trend we are currently on the weekly chart. I modelled it with a bearish Elliot wave which in my hypothesis ends exactly on the 34400 support and then I would expect a bounce to the upside from this point forward.
The negative side:
I consider this side to be the most realistic one. At the time of publishing the DXY is very close to close above the 103.878 price and yet we have two more days to finish this candle. If it closes above and current resistance turns into support with a bounce, probably BTC and other stocks are doomed to continue on downtrend. The 2021-2022 bull run would be over on my opinion and I would expect a bear market lasting for over a year until the next halving for Bitcoin. The MACD indicator shows a possible bearish cross which could be a leading indicator of bearish continuity.
This is what I see, hence I wanted to share.
Happy Weekend and remember to trade safe.
Btcusdtidea
BTCUSDT Elliot Waves (GLOBAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.(update)
(sorry for dirt,working chart)
the triangle is canceled, so I switched to the the ending diagonal as a main
Target zone: 90-140k
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Elliot Waves (GLOBAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
(sorry for dirt,working chart)
two options:
white - if we have a running triangle,
blue - if the ending diagonal.
Cancellation of triangle - decline under 33k
regardless of what will be formed in the medium term, I am waiting for an upward movement and a new ATH.
Target zone: 90-140k
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTC update (Bullish divergence on 4h/6h)We have regular bullish divergence on 4H and 6H on RSI as well as MOM oscillator
Furthermore if we look at 8H chart we have same divergences being made but confirmation will be done on candle closure.
So if these play out then likely we will see price to make an attempt at $40500 resistance.
We are in a bearish trend so all of these small pumps will be short-lived as they are bull trap.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
I switch to this option as the main
Entry: market and lower
Stop: ~38k
Targets: 48 and 51k
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 4
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Entry: market and lower
Stop: ~39800
Targets: 48 and 51k
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 2.5
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Nothing has changed from my last idea.
Stop: ~42500
Targets: 48 and 51k
Risk/Reward: 1 to 3
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Nothing has changed from my last idea.
Im waiting for correction in 45-43500 zone and continuation of growth.
Stop: ~40k
Targets: 48 and 52k
Risk/Reward: 1 to 3
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Need some retracement in 44-45k zone, then continuation of growth in main target zone 51-54k.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Btc - bitcoinThere is a bearish pattern in the Bitcoin price chart, the $ 45,000 and $ 46,000 range is no longer a significant resistance, and if the price reaches that range it will easily break the resistance. The most important bitcoin challenge is in the $ 50,000 to $ 52,000 range This range has both heavy resistance from the past and the current ascending channel ceiling
This pattern is violated when the said resistance is broken on the canal roof with a powerful and large volume candle and does not fall below the range in the pullback, otherwise I will be looking for a sell position in that area.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Nothing has changd from my last idea, like for me we forming flat (3-3-5) in wave of ii.
Im still want to see atleast retest 40k.
Entry: 41-39k
Target: 44 - 47 - 51k
after first target reached move ur stop to breakeven
Stop: ~37k (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Entry: 41-39k
Target: 44 - 47 - 51k
after first target reached move ur stop to breakeven
Stop: ~37k (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Target: 43 - 46 - 51k
after first target reached move ur stop to breakeven
Stop: ~37k (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
I apologize a little dirty, but I think the structure should be clear.
Nothing has changed from my last idea.
We're still in triangle.
The situation is ambiguous at the moment, but I still believe that in the medium term we will get an upward movement.
There are 2 levels to watch out for,
if we get a good move up on volumes with 40k breaking and a fixation above, then we are going up from the current ones.
If we break through 38200, then first we go to the area of 36-35k and from there growth.
Target: 42 - 46 - 51k
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of scenario with triangle - descent under 34k.
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower (im in short from 39600)
Target: 37500 and 35500
Stop: ~40300 (depending of ur risk). ALWAYS follow ur RM .
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT CONSOLIDATION PHASEBitcoin has successfully made a retest at the edge(bear flag's support area) but the major support area at $36.4k has been incredibly holding from seeing a crash in crypto. This major support area is registered as a checkpoint in the event of unexpected crisis, if btc can stay afloat the minor support at $39.3k this could be an ignition of a new bull season. Be patient enough to wait for confirmation of a daily close above or below the indicated trendlines before taking a position. Anticipate for new technical analysis on alt coins with huge potentials.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
Short term trade on Bitcoin!Bitcoin was rejected from 45K again and started a downward trend, but for now you can go long till the box in the chart. Don't forget that this is a short term signal and after that it will start a downward trend again. So this is just a correction!
For Iranian: In tahlil kootah moddat hast!
Goodluck guys!
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
We received another complication in the structure of bitcoin and the option with an upward impulse was canceled
because we fell too low and got the intersection of the alleged fourth wave with the first,
the only remaining option with growth(from point of view Elliott Waves) from the current ones is a triangle,
now I’m waiting for at least some a rebound to the area of 41-42k, and from 41-42k waiting for one more decline to the area of 36-37k.
Entry zone: 36-37k
Target: 42 - 46 - 51k
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of growth - consolidation below 35k.
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
We're in wave iv of (c) after some consolidation im waiting for last movement upward in ~50k area,then will see.
Entry: market and lower (im in pos from 38800)
Target: 47 - 49 - 51k
Stop: (depending of ur risk). ALWAYS follow ur RM .
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT BEAR FLAG PATTERNBitcoin is down again with a bear sentiment , $42k - $43k which seems to be an opportunity for support on the weekly timeframe has been lost seeing the candlestick below the zone. There is less than 48hours to see how the weekly timeframe would playout and also, as indicated on the chart, we can see a bear flag pattern which has just made a retest on the flag's support zone which infers the continuation of the downtrend. This could be the inception of the second phase of bear season, eschew hastiness and try to do as much as possible research before taking stakes.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
TP: 44 - 48 - 52k
Stop: below 34k (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTCUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
At the moment, I am more inclined towards further decline, now we go to +-41500, there will be a fork,
if we fix above the trend line (white line), then there will be a chance for further growth,
if we start to fall, then this is a turning point, at best, at 31700, if it doesn’t hold, then hello 25k
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.