BTCUSDT IdeaBINANCE:BTCUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
Btcusdtlong
BTC target 29k in October4h time frame
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According to previous analysis about Butterfly pattern on Bitcoin(ref.1), there is a PRZ around 29000~29400. Today, we are going to talk about the time analysis, if take a look at the analysis about Bitcoin bear bottom (ref.2), a potential top structure-head and shoulders was pointed out in that post. Further, separating the left shoulder into two waves, from the dumping wave(31000~24700) took 62 days to create. This date range allows us to estimate the time that right shoulder needs, and the best timing to reach RS top is before end of October.
Obviously, once Bitcoin start pumping and going into PRZ, we can open short there, and there are two scenarios(white & blue trend), I will talk about these two potential scenarios, including target, stop loss and risk in near future
ref.1
ref.2
BTCUSD⚠️ Reaction From Hedger Premium Zone Out✔️BTCUSD is expected to rise
✔️Recommended to consider buying from the balance and premium level
🟢 Try to BUY🔼 all the Dips !!!
✔️Confirmation Buyer Limit Area
27.172 & 27.434 Zone
🔔 NEXT TARGET 29.225 & 29.660 Zone
Trade active:
Now try to go up with new buyers...
✔️Buy the dips!!!
BTCUSDT likely to head towards daily resistance at 28106-28306The price breached through 4h resistance 4HR1 after being pushed down initially on the test of this resistance from below. Now it has retested this resistance and this resistance is going to probably act as a support. And therefore, the price is going to go higher from there. This makes a conducive environment for a long trade on this pair. The target of this trade should be daily resistance DR1 which is sitting around 28106-28306.
BTCUSDT - H4BTCUSDT
Formation of a three-wave structure, which can give further upward movement to the targets 29063 (The previous analysis worked)
What can you expect now?
Further movement along the trend.
You can consider entering from current levels or breaking through the level of 27900
Targets 28334 - 28617 - 29063
BTC small Heand and Shoulders1h time frame
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Bitcoin broke the downtrend line on 2nd Oct. Currently, Bitcoin is retesting to search R/S balance zone, also is creating a potential HS on 1h time frame, which is good for retesting structure because it shows potentially available support. However, we need to consider the possibility of longer consolidation, so this bottom HS trading plan will only be triggered while breaking neckline at 27650.
BTC is on the critical support1D time frame
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Bitcoin has huge volatility in these two days, pumped high and wend back soon. This scenario means bear for most people, but if we take a closer step, Bitcoin is currently on the support zone(27150~27300), which is made of a consolidation on lower time frame. Also, Bitcoin has the probability creating the Break and Retest trend, if getting support well here, we can still aim to higher target(29000~30000)
Bitcoin More Bullish Signals For 29.4!Bitcoin yesterday pump cleared weekly high and performed a SL hunt to 28.5, after that NY retraced it all back and In My Opinion we will crawl up today then jump to 29.4 at least. Could go to 26.9 or 26.8 but losing that level will send it down to 25.1.
Thanks for watching
😱 BITCOIN PRICE PREDICTIONI thought it was time to make a long-term chart, with all these wrong charts going around, hehe.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025.
I am a long-term bitcoin bull, but one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock with a subsequent rally—every time.
These are all guesstimates of course, but I think this chart is realistic.
The long-term goal of BTC, in 2025+, is at around 150K USD imo. It won't go much higher afterwards, it can be seen as the final asymptotic price.
CURRENT SITUATION
$BTC broke out of the downtrend on the monthly chart.
The bull and bear market after the halving lasted approx 1000 days. If we take the historical data we can see that $BTC entered the next halving with ≈ 50% down from the top. Considering this, the price of Bitcoin could be around $35k going into the next halving.
I hope this chart helps people understand the long-term growth dynamics of BTC :)
This idea only in the probabilistic way
Bitcoin will go UP by Bullish 🏁Flag🏁 Pattern⏰(15Min)Hi guys, I hope that you had a great weekend.🥳
✅Bitcoin seems to have managed to break the Important Resistance line ( at least temporarily ) and is currently completing a pullback to this line.
🏃Currently, Bitcoin is moving near the 🟢 Support zone($27,100-$27,040) 🟢and SMA(100) .
🏁In terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern .
🌊The structure of the waves inside the Flag is the Double Three Correction(WXY) type.
🔔I expect Bitcoin to rise toward the 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the descending channel .
❗️ Note ❗️: if Bitcoin goes below the 🟢 Support zone($27,100-$27,060) 🟢 we have to expect that Bitcoin will go down more.
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🌐➕ Positive News ➕🌐:
In general, October has been a good month for cryptocurrencies.
🌐➖ Negative News ➖🌐:
New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions
Gemini Crypto Exchange Exits Dutch Market.
Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT.
Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall.
SEC Files Lawsuit Against FTX Auditor.
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Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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BTC.D Predicts 38K BTC SoonI have been tracking the BTC.D Wyckoff Accumulation 3 Days Chart since last year and have posted its progress through all the Wyckoff Phases regularly.
It's time for another update on this.
So, in my last update we have seen BTC.D break up from the Accumulation zone and hit first resistance. Now it has come back down to test the Breakout zone.
As per the Wyckoff model, this is where the actual breakout happens.
Also, I have highlighted that BTC.D has been moving up in an upwards parallel channel and you can see what happens to BTC when BTC.D taps the lower edge of the parallel channel.
It has tapped the lower edge three times in the past since the 15K bottom which resulted in an average move of approx 45% in coming days and weeks. If this pattern continues, we should see 38K BTC very soon.
BTC Butterfly Pattern (entry 29100)4h time frame
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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.
Can BTC Bounce From Here? Note the update !!Hello friends, welcome to this Bitcoin update from Crypto Sanders.
Chart Analysis:- After strong gains a day earlier, Bitcoin fell marginally on Thursday as crypto markets consolidated.
BTC/USD fell to an intraday low of 26,111.46 less than 24 hours after getting close to a breakout above the 27,000 level.
Overall, it appears that as the market approaches a point of uncertainty, traders have opted for safe profits.
On the 14-day Relative Strength Index (RSI) this area appears to be 51.00.
Strength in price is seen at 49.64 level, Bitcoin is now trading at 26,481.46.
Should the bulls move beyond this point, there is a good chance that the price could move back above 27,000.
I have tried to bring the best possible results in this chart.
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Bitcoin Halving AnalysisHere are the elements I see when I analyze Bitcoin halving for long-term investment in a monthly time period.
A bull run comes after every halving.
First run 9784%; second run 3147%; The third run sent Bitcoin up 553%.
When we apply Fibonacci correction to the bear market that came before the run, we can determine the point where the run will go. When we apply Fibonacci to the bear season in 2011, we see that the 3.618 level is $1344. In the run after the halvings, Bitcoin saw exactly this level. When we apply Fibonacci to the bear market that came in 2014 after the bull market, this time the level of 2.618 shows the level of $19728. In the bull run after the halving in 2016, we see that Bitcoin rose to this level. When we applied Fibonacci to the withdrawal in 2018, the 1.618 level showed the $47500 level. As expected, Bitcoin ran up to this level in the post-halving bull run. Now, when we apply Fibonacci to the bear market after 2021, we see that the 1.382 level indicates the $110091 level. What should be noted here is that in every bull run, Bitcoin rises to one less Fibonacci level. This is due to the logarithmic chart we use. Perhaps Bitcoin may rise to 1,618 or even 2,618 levels again in this halving, but I calculated it at 1,382 for a realistic analysis. You can also see other Fibonacci values on the chart.
RSI peaks after every halving. However, these hills began to lag and lose their strength as time went by. According to the Fibonacci calculation we mentioned in the previous article, if the price will rise to 1.382, it is consistent for the RSI to peak lower than in 2021. However, if the rise is greater, this pattern will be disrupted and the RSI will make a higher peak. But the time when the peak will come will be approximately at the end of 2024 - the beginning of 2025.
When the RSI is 50 and below, there have always been bottom times for Bitcoin. Therefore, we can say that it is the best time to buy Bitcoin when the RSI is around this level.
After seeing the bottom, Bitcoin rises by finding support at the Fibonacci levels of the rise. For example, when we apply Fibonacci to the 2012 rise, we see that Bitcoin retreated to the 0.372 level and then started to run by finding support at 0.236. After the run in 2016, Bitcoin Fibonacci retreated to 0.5, then rose and found support at 0.382, starting the bull season. After the run in 2020, Bitcoin retreated to 0.618, which is one lower level than the previous run, and now we expect it to find support at 0.5. This means that Bitcoin has the potential to reach the $20,000 level, and a withdrawal to this level will not be a decline, but will find support and start the bull season.
This is just a technical analysis by me. In the end, Bitcoin may or may not reach this level. But I will make my investment according to this analysis. My friends who think Bitcoin will drop to $0, please sell your Bitcoins because I will buy them.
Bitcoin Divergences Since 2023Although Bitcoin has been stagnant since the beginning of the year, it continues to give us signals for future movements. First of all, we need to say that Bitcoin adapted to the 50-day moving average very well in this process. An investor who trades only according to the moving average can make very successful profits. In this context, when we look at the moving average, we see that the Bitcoin price is currently based on the moving average. A Bitcoin that breaks the moving average resistance at $26600 in the daily time frame can start to run again. We will determine how far this race will be as follows;
Bitcoin has been effectively diverging since the beginning of the year. During this period, there were 3 bear divergences, and the decreases as a result of this divergence were generally around 21%. On the contrary, it made a bullish divergence once and the increase was approximately 27%. After August, in the current period, we see another bull divergence. Therefore, if the increase from here is around 20% like the previous ones, the point we will reach will be $30k. Here we will observe the possibility of the head-and-shoulders formation that we mentioned in the previous report. However, for this divergence to work, we must first break the moving average.
🌥️Bitcoin forecast based on clouds🌩️The above chart shows "Ichimoku Clouds". And at the very beginning I would like to point out that the gray path marked by price candles is only a theoretical path that the price could take, and the truth is that only when several conditions are met, indications for increases may appear. And these are the premises we will deal with in today's analysis.
Let's start with what we see in both charts.
On the left we have a Bitcoin chart on a 1D interval (one day),
while on the right side of the chart we have a Bitcoin chart on the 1W interval (one week).
Let's look at the chart on the left first:
We have a red cloud on it, to which the price has already approached once and after this approach there was a downward reaction.
It is worth noting that if the downward trend on the 1D interval were to continue, it would be good for the blue Conversion Line to be below the red Base Line. But that's not the case.
Both of these lines intersected and now the blue one is above the red one. This may indicate that on the D1 interval we may see the price attack the red cloud again.
So let's look at the chart on the right side of the screen.
On the weekly time frame, the price has already entered the red cloud.
As if that wasn't enough, after the price entered the cloud, we could already see the attack on the upper edge of the cloud, which took place on July 10, 2023. (I marked this place with a green arrow)
However, I marked the price candle from March 2023 with a blue arrow, where a huge number of transactions resulted in a very large price increase in just one week. Such places deserve attention because usually when the price returns to the area of \u200b\u200bsuch candles, we can see a demand reaction again.
A similar situation to the current one occurred in November 2015 in the screenshot below.
(look for green arrow)
In 2015, the price entered the red cloud at exactly the same stage of cyclicality and the first attack on the upper part of the cloud ended in failure. Only the second attack on the upper edge of the red cloud was successful.
So to sum up.
In order for us to be able to talk about a final exit from the bear market based on ichi clouds on a weekly time frame, the weekly candle must close outside the red cloud area. Of course, its upper part.
What else is worth observing at the same stage of the cycle?
And the fact that the red cloud changed its color from red to green on a weekly basis. Exactly the same as it happened in 2015.
Screenshot below
However, there are things that worry me about the chart.
For example, on a weekly time frame, the red Base Line was above the blue Conversion Line. This was not the case in 2015. Could this mean that our upward trend has weakened? Yes, maybe. The only question is for how long. Because:
Taking into account the third quarter (Q3) in 2015, we had declines of approximately -10%, while the fourth quarter (Q4) recorded huge increases of approximately 81% (and this was the period before the Bitcoin halving, just like now).
The next thing is October at this stage of the cycle. In 2015, September was a rather dull month. There are usually declines in September, but at this stage of the cycle in 2015, September was a month that closed at +2.35%, a year later September was also positive (6.04%). However, Octobers, after these slightly increasing months in 2015 and 2016, were clearly in green. In October 2015 we had increases of +33.5% and a year later 14.7%.
What do I expect in October 2023?
I believe that unless there is a global economic catastrophe, there is a chance that October 2023 will also be positive.
But for this to happen, first of all, the price on the D1 interval must go out and close outside the area of the upper red cloud, which in turn may lead to the weekly candle closing outside the area of the red cloud on the weekly interval, and if all this coincides with the monthly sentiment and quarterly, the probability of a green October increases and, consequently, the fourth quarter of 2023 may also be positive.
Thank you for reading to the end.
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🚀 BTCUSD #Bullish Signs: Prepping for Lift-Off? 🚀Understanding the BTCUSD Market (#Bitstamp) - Date: September 12, 2023, 22:47
The Big Picture:
Hey there! I've been looking into the BTC market, and I've found some interesting things. Before we dive deep, here's a quick summary: BTC's buying and selling activity is quite calm right now, but other signs suggest some upward energy. Let's break it down.
How Busy is the Market?
There aren’t many BTC trades happening right now. When the market is quiet like this, sudden spikes in buying or selling can shift prices quickly. So, keep an eye out!
Checking the Market's Pulse with Moving Averages:
Short-term (MA50 at 25,822.5): This tells us how BTC has been doing over the last 50 days. Right now, it's showing some positive vibes, but it's being a bit shy about aiming higher.
Mid-term (EMA144 at 26,379.7): BTC's price is playing it cool below this level. If it breaks past this, it's a good sign!
Long-term (MA200): Seems there's a mix-up with this number. Just a reminder to always double-check data!
Are We Overdoing It or Taking It Easy? (RSI):
The RSI tells us if BTC is being traded too much or too little. Right now, it's chill, not too high or low, hinting that there's still some room to grow.
Feeling the Market's Energy (MACD):
The MACD is like our market mood ring. Currently, it's glowing with a positive vibe, suggesting that BTC might want to dance upwards.
Setting Targets with Fibonacci:
Imagine if the market had steps it liked to climb or descend. That's what the Fibonacci levels help us with:
If BTC decides to go on a hike, first it will aim for 26,396.2. Past that, the next steps are 27,437.4 and then 28,279.
But if BTC wants to take a break and rest, the 25,822.5 step (our MA50) might be where it chills.
Here’s My Game Plan:
If we're hoping for a profit, we should aim for 26,396.2, then 27,437.4, and then 28,279. But if things don't go our way, consider stopping around 25,500 to avoid more dips.
A Final Note:
Even though things look promising for BTC right now, the crypto world can be full of surprises. Always stay updated with the latest news, and remember: knowledge is your best tool in this game.
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