BTCUSDT - LONG [Daily Signal]Congratulations to everyone who shorted with me.
Now I am observing the possibility of the price returning back to its original values or better and I am going long.
Stay tuned.
BTCUSDTPERP
#BTC approaching resistance zone📊#BTC approaching resistance zone‼️ ️
🧠From a structural perspective, the structural form of BTC is not as good-looking as the standard of ETH, so we did not participate in BTC transactions. At present, we are close to the downward trend line and staged resistance zone, so the resistance here is relatively heavy and it is unreasonable to chase the rise.
➡️If we break through the turning point and continue the power of the bull structure to cooperate with market sentiment and go out of extreme market conditions, we will be able to go directly to the resistance zone above. Otherwise, please treat it with caution.
Let’s see 👀
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BTC.D Mid TermWe are observing a BTC dominance move that will indicate the anticipated altcoin rallies in the next 3-4 months.
This move could signal a significant rally in the altcoin market and pave the way for substantial gains in altcoins.
A drop in dominance can be seen as a positive signal for altcoins.
Bitcoin Analysis==>> Attack to Resistance zoneBitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) .
One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to attack again the Resistance zone($58,500-$57,000) .
Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600.
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 and updates ; this is just my Idea, and I will gladly see your ideas in this post.
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#BTC long structure is still there, don’t be too discouraged📊#BTC long structure is still there, don’t be too discouraged📈
🤷♂️Unfortunately, we did not see a good rebound in the support zone. After falling below the support zone, it started to plummet. At this time, the importance of risk management is reflected. If you do not have strict risk management, you will lose everything. ❌
🧠 Judging from the 4-hour level structure, the bullish defensive point has not been broken, so the bullish structure has not been destroyed, and the bullish expectations are still valid. Rapid declines without any structural support are often accompanied by rapid rebounds, so please be wary of rebound risks. ⚠️
Let’s see 👀
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BINANCE:BTCUSDT.P
#BTC reaches support zone📊#BTC reaches support zone✔️
🧠The callback has occurred and it has reached near the support area that I am paying attention to. This area was the resistance area that once suppressed us. It has now turned into a support area. The probability of rebound in this area is higher, so please be cautious in chasing shorts! ! !
Let’s see 👀
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BINANCE:BTCUSDT.P
#BTC/USDT#BTC
#BITCOIN
The price is moving in an ascending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at $6200
We have an uptrend on the RSI indicator which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 62200
First target 64800
Second target 66800
BTCUSDT - SHORT [Daily Signal]Bullish momentum is gone, we are heading towards the lower end of the range.
Decide for yourself what these alien crop circles mean.
I am shorting, stay tuned.
Bitcoin Analysis==>> PumpingBitcoin began to pump after Jerome Powell's speech and the possibility of interest rate cuts .
⚠️First of all, I must say that we must always keep up with the news and new events in the market, and all the analyses will never be correct; otherwise, there is no need for capital management, so we should always follow capital⚠️
Bitcoin seems to have managed to break the Resistance zone ($58,500-$57,000) , 200_SMA(Daily) , and 50_SMA(Daily) .
Regarding Classic Technical Analysis , the Bitcoin pump has invalidated the Rising Wedge pattern . The Rising Wedge pattern is a Reversal Pattern; if it Fails , it will become a Continuation Pattern .
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 , and the structure of the main wave 4 can be a Contracting Triangle .
I expect Bitcoin to rise to at least $65,000 after breaking the upper line of the Contracting Triangle .
Note: Wave 4's structure is likely to change; overall, I expect the maximum correction or end of wave 4 to be at the Support zone.
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.
#BTC bullish trend is still there, be cautious to bearish📊#BTC bullish trend is still there, be cautious to bearish⚠️
🧠Yesterday we talked about the weekly level point of view. We have already made adjustments at the weekly level, so there are expectations for an increase at the weekly level.
➡️From a structural point of view, the bullish structure at the 4-hour level is intact, or we can use the upward trend support line as a defense to judge whether the upward trend is intact. Therefore we can also continue to rise without a pullback, so please be cautious on the bearish move. Try to trade with the trend.
➡️If there is a pullback, you can focus on buying opportunities near the neckline 62737 and the support area 61658.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Weekly Review August 25th - August 31stTwo scenarios for Bitcoin. Both options will result in lower prices in the short term. However, one is bullish, the other is bearish:
My view is that the correction period is not over. I am intellectually honest enough to entertain both options, but I must be truthful with myself and you: I don’t think the Bull’s time has come.
TLDR: The bulls have a chance as long as the price is above 60.3K.
1. Bullish Scenario: According to this scenario, 49K was the end point of a wave 4 correction, and Bitcoin is about to complete wave 5. If this is the case, the target is between the 0.618 and 1:1 retracement. In numbers: 79.2K – 97.9K.
Supporting evidence for the bullish scenario:
A. HH on the daily TF.
B. Bitcoin formed the cup of a Cup & Handle, which could lead to a breakout with a price target of 76.5K and the completion of the higher degree 5th wave.
2. Bearish Scenario: According to this scenario, Bitcoin is not done with the correction. Whether Bitcoin is a more extensive correction that will result in much lower prices or is still in wave 4 is irrelevant.
Supporting Evidence for the Bearish Scenario:
A. The PA has moved in three waves, ABC. A three-wave move is a corrective structure that continues the higher TF trend down. This is indicative of a shark harmonic with a target of 46.8K.
B. The weekly TF structure is bearish and points to 45K.
C. Bitcoin left wicks to the downside on the higher TFs. The daily week is between 49 - 54K. The weekly wick is between 59K and 58K. This kind of imbalance represents a liquidation opportunity for the MM.
D. No accumulation period. A prolonged accumulation period at the lows must support any substantial price growth. A structure without a base is vulnerable.
Validation and invalidation:
A. Validation: Bitcoin consolidates above 60.3K, the cup and handle pattern is intact, and the bullish scenario is alive.
B. Invalidation: Below 60.3K, the bullish case is unlikely. Below 56K, the bull case is indefensible.
#BTC/USDT#BTC
#BITCOIN
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well. The price has reached the upper limit of the channel
The price also touched the 100 moving average and is expected to rebound from it
The price is now 61,000 $, which is the entry price
Targeting the 56,200 $ area,
which is the lower limit of the channel
We have an upward trend on the RSI indicator, but it is expected to break down
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart:
### Key Observations:
1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines.
2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum.
3. **Two Scenarios Outlined**:
- **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed.
- **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again.
4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown.
### Trading Idea:
Given the current technical setup:
- **Bullish Scenario (Long Trade)**:
- **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level.
- **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000.
- **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout.
- **Bearish Scenario (Short Trade)**:
- **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000.
- **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500.
- **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout.
- **Neutral (Wait and Watch)**:
- **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution.
This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel.
Ensure that positions are adjusted according to evolving market conditions and use proper risk management.
Not Financial Advice, Always do your own research.
Please hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
#BTC/USDT#BTC
Bitcoin is moving in a sideways channel on the 4-hour frame and is perfectly adhering to the lower limit of $58,000 which acts as support and the upper limit of $61,350 which acts as resistance
We have saturation on the RSI indicator and a downward trend to touch the broken trend
We have a trend to touch the moving average 100
Entry price 61,300 $
First target 59,600 $
Second target 58,000 $
Bitcoin Roadmap!!!Bitcoin failed to break the Resistance zone ($58,500-$57,000) for the fifth time . It seems that important news is needed to break the resistance zone.
According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the main wave C with the Ending Diagonal Pattern .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
Looking at the USDT.D% chart , we find that USDT.D% is in a symmetrical triangle . The main wave 4 can be completed in this triangle. I expect USDT.D% to pump after breaking the upper line of the symmetrical triangle, which will cause a correction in the Cryptocurrency market .👇
Another important chart that can help us analyze Bitcoin is the BTC.D% chart . BTC.D% is moving near the Heavy Resistance zone(60%-57.2%) and the Resistance line , and according to the theory of Elliott waves , it seems that it has completed the main wave 5 in the two-day time frame with the help of Ending Diagonal . So, we should expect a correction of BTC.D% , which means that if the cryptocurrency marketcap decreases, Bitcoin can fall more .👇
I expect Bitcoin to at least fill the CME Gap($55,880-$56,775) after breaking the lower line of the Ending Diagonal .
Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least).
Bitcoin Analyze (BTCUSDT), 4-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.
BTCUSD: Long, target 78000-82000
Bitcoin, as a digital asset, is a form of risky investment, but it is also a type of currency, or one might call it a virtual private currency. It possesses the attributes of money, and to some extent, it also shares the safe-haven characteristics of gold. This is why I previously predicted Bitcoin’s trend based on gold’s movement, successfully shorting from around 70,000 to the target near 48,000. We can approach it similarly this time.
As we all know, gold has surpassed 2,500 due to the potential threat of war and the impact of inflation. During this period, Bitcoin did not see a significant rise but rather fluctuated within the 56,000-62,000 range. This is due to its dual attributes. However, it also did not experience a significant drop. Does this mean that the capital market's risk assessment of Bitcoin in the current unstable international situation is not very high? Is its safe-haven characteristic still present?
Based on the above assumptions, I believe that as the demand for gold as a safe haven diminishes (this does not mean that gold’s safe-haven attribute will disappear, but rather that gold’s price has reached a new historical high, which may cause some hesitation among those considering entering long positions. This is human nature, and during this period, the possibility of idle funds flowing into Bitcoin will increase), Bitcoin is very likely to experience a significant surge. Therefore, in the current Bitcoin trading, going long might be the better choice.
As for the target of this long position, I think we can tentatively set it around 78,000-82,000.
#BTC reaches the target area📊#BTC reaches the target area✔️
🧠When I woke up, I found that my holdings had decreased. It turned out that I had automatically reduced my holdings. After breaking through the upper edge of the ascending triangle, we broke through the resistance zone and reached the target area above 64k. The goals of the 1-hour long structure have been fully achieved, so we need to be alert to the risk of a pullback. The resistance zone of 61400-62000 turns into a support zone. 🔥
➡️But judging from the 4-hour chart, we have broken through the turning point (62721), which means that a 4-hour long structure has emerged, and it also means that we still have expectations of continuing to rise, so we have retained a small number of positions. Go expect more. 🎉Congratulations to all the friends who followed Wolf King to print money and made huge profits. 💰🚀🌕
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BINANCE:BTCUSDT.P
BTCUSDT Active Range BreakoutThis is an active range breakout on BTCUSDT that i'm going to be trading.
It may not work, but with higher TP then SL you can afford to have a lower percentage of profitable trades as the wins well outweigh the losses.
As you can see the range has been broken with HIGH VOLUME CANDLES. This is what we were waiting for, not like the first break of range that didn't have the BIG CANDLE moves i'm looking for.
I'm looking to TAKE PROFIT at the next large key RESISTANCE ZONE. It is a very large percentage so it's probability of hitting is low, but the potential reward far outweighs the risk.
I can RISK MANAGE in several ways. I can move the STOP LOSS TO PROFIT once the trade has good gain to safely lock in. I can use MULTI TAKE PROFITS, to take profit several times before taking 100% of TRADE CAPITAL. What I like to do is use 25% of my portfolio but use higher leverage, so i effectively trade the same amount as 100% my portfolio whilst having 75% free to take OTHER TRADES. If you do this WATCH YOUR LIQUIDATION PRICE.
#BTC Ascending Triangle📊#BTC Ascending Triangle📈
🧠After being rejected at the resistance zone, we made a pullback as expected. From a morphological point of view, we have formed an ascending triangle within the ascending channel, and we need to observe the breakthrough of either party to judge how the next trend will develop.
➡️If we fall below the lower edge and the yellow inflection point, it means that the short structure is established and we have the opportunity to fall below the ascending channel to start a further callback.
➡️If we break upward and successfully break through the resistance zone, then we can see the target zone above 64k
➡️No matter how the final market chooses, we don’t need to guess, just take appropriate measures. The stop loss of the long orders we hold has been moved up, and we are in a risk-free state. We can look forward to more.
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BINANCE:BTCUSDT.P
Bitcoin Analysis==>> Bearish Flag PatternBitcoin pulled back to the broken Support zone($60,520-$60,120) , as I expected ( in yesterday's post ).
According to Elliott's wave theory , Bitcoin seems to have completed the Zigzag correction(ABC/5-3-5) .
Regarding Classic Technical Analysis , Bitcoin seems to have formed a Bearish Flag Continuation Pattern .
I expect Bitcoin to fall again after breaking the Ascending Channel's lower line and the Support zone($58,500-$57,000) .
Bad News: Since yesterday, 785 million dollars of Bitcoin and 75 million dollars of Bitcoin have been moved by the Mt.Gox exchange, which is a significant volume.
Note: If Bitcoin goes over $60,700, the Scenario will change.
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.
BTC SHORT The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly.
Trade Setup:
Stop Loss: Place a stop loss just above the 62,500 USDT level to protect against potential false breakouts above the resistance zone.
The initial target for this trade would be around the 55,940.7 USDT level, where there is an imbalance wick, which could serve as the first point of profit-taking. Further downside targets could be around the 48,889.4 USDT level, representing a more extended move.
Risk/Reward: This setup offers a favorable risk/reward ratio, as the downside potential outweighs the risk if the resistance level holds.
Additional Notes:
- If price breaks and holds above the 62,121.2 USDT level, reconsider the short idea as it would invalidate the current bearish setup/structure.
#BTC reaches the periodic resistance zone 📊#BTC reaches the periodic resistance zone ✔️
🧠 From a structural perspective, the bull structure is still intact, so it is reasonable to continue the bull trend. And today our physical K-line has successfully broken through the downward trend line, so the expectation of further decline has failed. But we will not chase the rise near the resistance zone. If there can be a good correction, we will consider participating in new long transactions.
Let’s see 👀
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BINANCE:BTCUSDT.P
BTCUSDT Facing Repeated Rejections at 200 EMABTCUSDT Technical analysis update
BTC price has been rejected multiple times from the 200 EMA on the 4-hour chart. This time, we can expect a breakout and a bullish move.
Bitcoin price has formed a triangle pattern on the 4-hour chart and is now moving toward a breakout
Regards
Hexa
