BTCUSDT on hourly support, lilely to head to 27049Last long attempt did not work and the trade got stopped out. The price went down the daily support and now on a hourly support from where the price bounce last time towards 4h resistance of 27500 zone. I have taken another long trade here with a target of 27049.
Btcusdtlong
BTCUSDT at daily support and likely to head to 27396The price was held back by 4h resistance around 27400 zone. And now it has fallen down to the daily support around 2700 zone. I expect this support to hold for now and provide a bounce to the 4h resistance zone around 27400 again. I believe a long is favorable here with a target to 27396.
Bitcoin will pump by Falling Wedge Pattern🚀Bitcoin was able to make a Falling Wedge Pattern near the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢.
I expect that Bitcoin will go UP after breaking the upper line of the falling wedge pattern.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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BTC about to do dirty 'tings. BTC on the 3hr, tested support on a dump to 25.5. Way too much support and bounced. Finding support again.
I'm thinking liquidity grab, then face melting pamp. LFG BTC, the time is now, bears about to learn today.
If it dips to 25.5, it's a buy opportunity, good luck boys.
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀(Shor term)As I expected in the previous post, Bitcoin was not able to break the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢, but as Bitcoin always does, it created a trap(🐻Bear Trap🐻).
Bitcoin seems to be completing the Bullish Pennant pattern , but maybe the ⚠️ low trading volume ⚠️ on Saturday and Sunday will affect the correct formation of this pattern.
If Bitcoin can break the upper line of the symmetrical triangle , we can consider confirmation of this pattern.
🔔I expect Bitcoin to grow at least up to the downtrend line after breaking the upper line of the symmetrical triangle, and the next step could be the 🔴 resistance zone($ 28,000-$ 27,660) 🔴.
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 be glad to see your ideas in this post.
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BTCUSD | 1st ABC Correction A-wave Target ProjectionA potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K
However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible.
Action: A safer long entry can be placed when breakout downtrend line 2-4 or above wave 4 of c -leg, targeting the upper resistance of the bull flag.
Always trade with affordable risk and respect your stoploss!
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
switched my main scenario that we're in ending diagonal and now forming only wave of 2 of v.
I Expect growth from current price(yellow marker) or through one more decline in 25-24k zone(orange marker).
Main target zone: 33 - 36k
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BTCUSDT bounced off 4h support and may head to 4h resistanceThe price has hit the 4h support as marked on the chart and the support doing its job. The price has bounced from that support and currently trading at support resistance which also acted as a brief support during fall. The price may head for 4h resistance zone again.
Bitcoin growth by Expanding Flat🚀(Shor term)!!!It seems that the corrective structure of Bitcoin for a pullback to the broken resistance line is Expanding Flat(ABC/3-3-5) , which is considered a common corrective pattern.
The end of wave C is located in 🟡 TRZ(Time Reversal Zone) 🟡 and 🟡 PRZ(Price Reversal Zone) 🟡 and near the support line (former resistance line).
I expect Bitcoin to go UP to at least the 🔴 resistance zone($ 28,000-$ 27,660) 🔴and possibly create a 🐮 bull trap 🐮.
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#BTC is getting ready for the Big move!!
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#BTC UPDATE
BTC is forming this bullish pennant pattern
what is bullish pennant pattern
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
*BTC Need to Clear the 29,500 Resistance to Confirm the bullish pennant pattern Breakout
* RSI is also sowing some bullish divergences move
*If it conform this pattern then according to the pattern we will see good bounce
Stay tuned I will keep updating
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BTCUSDT likely to head to next 4h resistance at 27400Yesterday the price hit the 4h resistance zone upon the bounce and was held back by this resistance. Since then it is consolidating under that resistance and likely to break it soon. The next resistance lies at 27400 zone which would be the target of the long trade which seems to be favorable right now.
THE US GOV DEFAULT EFFECT ON BITCOIN + BANK RUN + 1971 REPEAT
The US Government will be defaulting sometime early June, this is a 1971 US default repeat where the US Government cannot depeg the dollar from a hard asset this time is indeed different.
Why has this been the fastest rate rise cycle in history for the US and other leading GDP countries? simple they need inflation near zero to start QE to infinity to stop the government bonds defaulting causing another great depression.
I bet nobody knows the names Bill Martin, and Arthur F. Burns? why you ask, they've been in this situation before and tried to ramp the rates to stop a default and failed, forced to depeg the dollar from gold as a last resort.
Here we are again, there's no gold peg, there's no hard asset we've ramped the rates EVEN faster inflation has barely gone near 4.5% Treasury is defaulting there is terrible GDP growth, and on top of that the only way out is QE to infinity or US defaults on the debt taking every large global bank, financial institutions, giant companies down with it that relies on these interest payments to stay afloat.
This is a bomb bigger than 2009 and 1931 combined, the 1 Month bonds have spiked faster than ever in history because the market believes the US government can't make the payments within a month.
CDS insurance on the USA is going parabolic.
With an asset like Bitcoin I would love to hear why anybody would be willing to sell / exit out of it? bank deposits are collapsing due to the rich pulling funds out scared of the default not alerting the public.
1. The US government admits defeat and defeat its a run to hard assets, Gold, Silver, Bitcoin its the moment of panic "Get the hell out of banks and bonds" the biggest finance market in the world.
2. The US Government announces a Yield-Curve-Control / Quantitative Easing program EMERGENCY dropping rates back to 0% and inflation is now on its way to 20%+ there is no stopping it this time.
Keep money in the banks waiting to buy a dip, you might just lose everything, keep money in the bank during a YCC / QE launch there will be capital controls and you're no longer allowed to spend your money all at once to stop the "inflation".
Bitcoin could do something crazy here be aware.
I have to give credit to Jerome Powell for taking on the hardest finance job in financial history, he tried to beat the D Day risked breaking everything to bring inflation down, he did get close but the debt ceiling has won.
HelenP. I Bitcoin may break trendline and exit wedgeHi folks today I'm prepared for you BITCOIN analytics. Bitcoin dropped to level 27130, formed a support zone, re-tested it and, began to move up. The price rose to a resistance zone of 29800-30000, from which it rebounded, quickly fell to the support zone, and immediately rose and re-tested the resistance zone. Bitcoin continued its downtrend and reached support of 27860, after which it made a deep upward correction and continued to decline. For a long time, was created a downward wedge and now the price is traded inside. After rebounding from support of wedge, the price rose and re-tested the trendline that corresponds the wedge resistance. Recently, the price dropped, re-tested the support zone and rebounded. Bitcoin is now trading above the support area and may continue to rise. It seems to me that the price may break through the trend line and leave the wedge. Therefore, goals will be set at levels 27860 and 28850. If you like my analytics you may support me with your like/comment ❤️
BTCUSDT seems to be getting ready for major up moveThis dip provided a nice long opportunity. It is difficult to post on time when the price moves so fast. But 26906 was a good level to long. And the price has already moved more than 1.5%. Did not mention that level in earlier posts as did not expect this to go there so quick. But anyways, I think this drop opens the path for more upside. There will some retrace now and might sweep that low, but I believe the next bigger move is to the upside. But lets monitor the price action a bit more to understand a bit more about the probability of the future path the price will take.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Nothing has changed from my last idea.
Long confirmation - consolidation above dynamic resistance (white line on top) Then the target will be 33-36k.
Confirmation of the fall - breaking through 27k, then we go to the +-25k zone, there we will need to look at the structure of the fall and make some decision
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions