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Btcusdtidea

$BTC Price Prediction: $136,000 (8 Green Weekly Candles Signal) (REPOST with better chart) We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess: We just closed 8 weekly green candles on Bitcoin. You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's exchanges weren't even around back then. I had to look on INDEX:BTCUSD - if it's not working in this link, you have to type INDEX:BTCUSD into Supercharts, as they describe in the most complete Bitcoin trading history , to get to 17 April 2017, and count the eight green weekly candles to 5 June 2017. This was a move of 156%. After some consolidation, Bitcoin then went up in a bull run by 537%, to nearly $20k on 11 December 2017. This is a ratio of 3.4x. That's the ration for 156% for eight green weekly candles, followed by a 537% bullish move. Our recent eight weekly candles from 27K to $44k is an increase of 61.53%. If we have a proportional bull move after some consolidation, 3.4x this 61% is 209%. That brings us to $136k for the top of the incoming bull run. This is all speculation, NFA, I'm just a dude on the internet, and I'm probably wrong. But these numbers look intriguing, and give me a plausible exit point for the trades I'm making today.
INDEX:BTCUSDLong
by tokentradertv
BTCUSDT likely to head to 4h support around 41200-41700The price is trading inside monthly resistance and experiencing the expected push back. The price action is suggesting that we might be looking for a visit to the 4h support zone which sitting around 41200-41700. That support level should provice a bounce for another attempt at the monthly resistance but it is difficult to say if that bounce will have enough strength to break it. We will evaluate once the price in case reaches 4h support and bounces from there.
Short
by angela_altair
1
Bitcoin Pole & flag formation, Breakout expected!BTCUSD has started the November month rally towards upper side, It has reached 36k twice in this month and got rejected at the time of writing BTCUSD is trading around 35300.00 Currently 50 EMA is acting as dynamic support for the bull. october month high (35150.00) is aligning with current support level. We can see the pole and flag formation and the clear breakout and retest will invite more buyers into play. Breaking below 35k and the lower side trendline will open the door for the bear.
COINBASE:BTCUSDLong
by forexorbit
BTC bext bottom1D time frame - Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today. Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib, let's see current potential retracement level. Secondly, dump from 69000 to 15476, 35992 is 0.382 Fib Retracement. Thirdly, dump from 48189 to 15476, 35693 is 0.618 Fib Retracement. Further, Bitcoin is creating a big ascending wedge, which is bearish. According to these three factors, we can judge 36000 is current PRZ. This PRZ is made of different Fib level and structural resistance. Therefore, if BTC get rejected, we can expect it to break below this wedge and target is 17600~18600, same as previous perspective.
by EthanTW
5
BTCUSDT BITSTAMP:BTCUSD has had a major push breaking above the 30,500 resistance area. We just might see a push back into that area again to retest the broken resistance as a new found support, if it is sustained, price may end up pushing higher and if otherwise, we may see price pushing lower. Support areas to keep in mind, 30,500; 25,000; 19,500 and 15,981 Resistance to keep in mind 43,500; 58,800 Happy hunting All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
COINBASE:BTCUSD
by Mbjoey
BTC excellent short entry 3090012h time frame - We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below. TP1: 25000 TP2: 20300 TP3: 18000 Also, 17000~18000 is the expected bottom before bull. - ref.1 Head and Shoulders structure ref.2 Harmonic pattern ref.3 Diamond structure
by EthanTW
2
BTCUSDT daily to close red but above 27200 for bullish outlookThe price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a daily around or just above it, it will be very bullish and the next day/s is/are going to be greener.
Long
by angela_altair
BTC btttom 18k1D time frame - With the fake new(BTC ETF approval) released, Bitcoin matched our previous analysis by unexpected trend on 16th October. Currently, Bitcoin is creating a potential Diamond structure, which is a top structure here, and it could be regarded as Head and Shoulders structure(ref.1). According to this Diamond, Bitcoin might retest 30k again in near future, and start going down by December, once Bitcoin breaks below this diamond, huge dump will be following. There are four targets for the trading plan. TP1: 28000 TP2: 25000 TP3: 19500~21000 TP4: 17600~18600 Range 17600~18600 is the bear bottom I think. On the basis of time structure, we can see this price around December '23~January '24, get ready for this sweet price! Ref.1 Bitcoin analysis about HS structure and bear bottom.
by EthanTW
BTCUSDT likely to bounce from 4h support towards 28536Here is a long idea for BTCUSDT. The price has been trending down after the peak it has made. The price bounced from hourly support but got rejected from 4h resistance 4HR1. It seems that the price is heading to the next support which is 4h support 4HS1. This support shall provide bounce for a long trade and therefore a long trade is favorable from there. The target of this long trade should be the 4h resistance 4HR1 which is sitting around 28536.
Long
by angela_altair
1
BTCUSDT accumulating for big move upto 29336The price is consolidating around the daily support. The price tapped that liquidity zone thrice and still trading above it. This is indeed an accumulcation for a upward move. The volume is low and still price not able to move down. This clearly indicates that it is accumulation and the price is due to move up. I think soon we will continuation of upward move which will last longer than any occassional spurt to the upside we have seen recently. So I see a long to be favorable for a long term position from this level. For short term trade, the idea is to aim for the daily resistance WR1 around 29336.
Long
by angela_altair
2
BTC will history repeat?1D time frame - According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days. Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered. Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot! Accurate Bitcoin analysis about top structure and bear bottom. Bitcoin PRZ analysis of Harmonic pattern.
COINBASE:BTCUSD
by EthanTW
1
BTCUSDT Elliott Waves AnalysisHello 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. Im waiting for decreasing in 21-19k zone, then trend reversal. 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
BITSTAMP:BTCUSDShort
by trytofeelpositive
3
BTC Butterfly Pattern (entry 29100)4h time frame - Bitcoin is approaching the falling trendline which Ethereum already broke out, so we can predict Bitcoin tend to go upside in near future. Also, Bitcoin is creating a potential bearish harmonic pattern_butterfly, which utilize 1.272 Fibonacci Projection to estimate PRZ at 28900~29100. Further, combining our previous analysis of potential Head and Shoulders structure, the top of right shoulder might appear at the range 29150~29500. Therefore, once Bitcoin maintain this pumping momentum and go into this zone, we can observe whether reversal PA appear, then it could be the best short entry before this bear bottom.
by EthanTW
1
BTC 2 scenarios about short & long2h time frame - (1)Head and Shoulders On the left chart, Bitcoin made a potential HS as our previous analysis. Currently Bitcoin broke the neckline at 26378 and is going to retest it, if get rejection at 26378 again and broke below 25990, Bitcoin will finish the retest of HS structure, and target is 25270. (2) Falling wedge On the right chart, Bitcoin is creating a potential wedge, which could be regarded as the continuation structure of the pump wave(24853~27485). Bitcoin might make a lower low at 25800 to reach the wedge bottom again, where is also the Fibonacci retracement 0.382. Therefore, we can keep an eye on that range to open long, if Bitcoin get rid of this falling wedge, target is 27484~27827 first.
by EthanTW