#BTC long structure established📊#BTC long structure established✔️
🧠We finally chose to break upward, which means that the long structure is established, so our bullish view will remain unchanged in the medium term.
➡️Although we are bullish, we will not chase the increase now. If there is a good correction, then we will consider buying back the reduced positions again.
➡️If the development is as expected, then the most ideal target area can focus on 63000-65000
Let’s see 👀
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BINANCE:BTCUSDT.P
BTCUSDTPERP
BTCUSD
The BTC/USD pair is currently in a bearish movement, adhering to the impulse and correction pattern and following the Elliott Wave 12345 structure. The price has recently moved up a few pips, touching the descending trendline and completing the 4th Elliott Wave. This suggests that the price is likely to move long-term bearish, continuing the downtrend in line with the 5th wave.
$BTC to 210k by Nov?The 3.618 on the fib from the 2017 ATH put's us on 2021 cycle ATH of ~ GETTEX:64K . The 3.618 on the fib from the cycle ATH of 2021 put's us on a cycle ATH of ~$210k possibly by November this year . This 3.618 on the fib also intersects with the cycle tops trendline from 2017. Coincidence? I think not. This would also mark a completion of our major 5th wave that is about to begin. Let me know what your thoughts are. Thank you.
#BTC rally has happened📊#BTC rally has happened✔️
🧠From the chart, we can see that the price is consolidating between the neckline resistance zone and the support zone. At present, we need to patiently observe which side we will break through to judge how it will develop next.
➡️If we successfully break through the neckline resistance area, then the bullish structure will be established, and the ideal target can be seen around 63000+.
➡️If we continue to fall below the support zone, the next support zone worthy of our attention is 49912-51820.
⚠️But I think the probability of continuing to fall below the support zone is low, so we hold long orders near the support zone, lock in the main profit, and look forward to more in a low-risk way.
Let's see👀
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BINANCE:BTCUSDT.P
BTC - what if it's lower than $56 522?On May 21, the INDEX:BTCUSD chart formed a model on the weekly timeframe that describes the key logic behind the price movement.
The model was confirmed by touching the trend line:
After an unsuccessful attempt to retest the trendline between June 5 and June 8, the price retreated towards the 4 point ($56 522).
Right now the price is trying to consolidate above this level, but if INDEX:BTCUSD still fails to trade higher during the week and goes back under $56 522, we could see price levels like $43 349 and $33 229 in the long term.
#BTC reaches buy zone, rebounds cautiously📊#BTC reaches buy zone, rebounds cautiously⚠️
🧠From a structural perspective, although there are expectations of further declines within a larger cycle, in the actual trading process, we still need to follow the principle of buying in the buying zone and selling in the selling zone. So we shorted the intersection of the neckline and the red sell zone and have now achieved all our objectives.
➡️We test the support zone again, and the price is also in the buy zone, so we cannot chase short in the buy zone. If we break through the neckline resistance zone again, it means that the double bottom long structure is established and we will usher in a new pump🚀
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BINANCE:BTCUSDT.P
#BTC is expected to form a large cup and handle structure📊#BTC is expected to form a large cup and handle structure📉
🧠From a structural point of view, the daily level has formed a double-top bearish structure. The ideal target area of this structure is 28684-39328. If the future develops as expected, then after reaching the ideal target area, I will put most of the Assets invested in BTC spot trading
➡️If it continues to rebound and hit a new all-time high, then the largest cup-and-handle structure in the history of BTC will be established. The ideal target area for this structure can be seen at 130k-170k
⚠️Of course, the structure and goals of the big cycle require more time and patience to wait☕️
Let's see👀
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BINANCE:BTCUSDT
Bitcoin Cup and Handle Pattern!BTCUSDT technical analysis update
BTC is forming a cup and handle pattern on the weekly chart. The price is currently forming the handle, which could take 1-2 months to complete. Once the price breaks the neckline, we can expect a significant bullish move in BTC.
Regards
Hexa
#BTC Short Update!#BTC: Holding Strong Within the Box and EMA
The anticipated bounce occurred within the expected region, reaffirming our position.
Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves.
Will share the weekly chart later today for the exact price levels which BTC needs to reclaim.
Let me know what you think in the comment section and please hit the like button if you find my updates helpful.
Thank you
#PEACE
#BTC/USDT#BTC
The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation.
With a bounce from the lower border of the channel, which supports the rise
We have a bounce from the green support area at 54500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 55,800
The first target is 63325
Second target 70280
Third goal 78524
Fourth target 85350
#BTC may enter a deep adjustment stage📊#BTC may enter a deep adjustment stage📉
🧠From a structural perspective, the turning point has been broken, which means that a daily-level short structure has emerged, which means that the expectation of sideways consolidation has failed, and we may enter a deeper adjustment stage.
➡️However, we cannot chase short positions near the support zone. If we want to go short, we must wait until the price rebounds to the resistance zone before considering short selling.
Let's see👀
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BINANCE:BTCUSDT.P
$BTC - SHOULD WE BUY OR SELL BITCOIN 2024?Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges.
Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ).
If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels.
What We Expect:
Big pumps and dumps will happen as a SNAP at unexpected time.
Who bought at 15,000 and 24,000 levels needs to confirm their profits in USD.
We could see Bitcoin at 100,000 supported with small orders ( Bots ) but the real buyer have a big order at 65,000 - 50,000 levels, so catching these orders are profitable for the sellers who bought at 16,000 - 22,000 levels.
Eventually, Bitcoin is the backbone of crypto market. It will back to below 40k levels not for me or you but for the liquidation to start a new cycle. If you are a long-term investor , wait the lowest prices below 40,000 levels. If you are a pro-trader , you can do scalping trading while Bitcoin above 40,000 at your own risk.
Have a good day and don't invest more than you can afford to lose.
#BTC/USDT Bounce or more pain?#Bitcoin : We've been waiting for this volatility for weeks. This is the point where a bounce should occur. A close below this level would be drastic for the market.
For more clarity, I'll be sharing the stable charts.
Altcoins are showing good opportunities, but we still need to wait for clear reversal signals before entering. GETTEX:54K is a key level in the higher time frames (HTF). Don't lose it, bulls!
Stay strong.
WAGMI
Bitcoin Can Go Up TemporarilyIt seems that Bitcoin has finally managed to break the Heavy Support zone($61,100_$58,700) as I expected in my previous Posts .
According to the theory of Elliot waves , the main wave 5 in the Potential Reversal Zone(PRZ) has ended, and we should wait for corrective waves .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
I expect Bitcoin to rise, at least temporarily, to the target I specified on the chart.
Note: If Bitcoin can break the Potential Reversal Zone(PRZ), the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-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.
Bitcoin: We are at Bottom!Bitcoin's price has been moving inside a range for the last 125 days. Today, the price touched the 200 EMA and the bottom of the range, which can be considered a good support level for Bitcoin.
During the early stage of the previous bullish move, Bitcoin's price remained within an accumulation range for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move inside the accumulation range for the next 1-2 months.
Bitcoin's price moves sideways at the bottom of the accumulation range for the next few days, then we can expect a gradual upward move. Once the price breaks out of the accumulation range, we can expect a significant upward move.
GO!!! Long on BTC target 62690btc has arrived on out levels POI + FVG
liquidity sweep and forming bullish candle
entry 60,300, target 62690 and sl below the marabozu candle 59390
as i have marked this two dots on the double top price likely retrace back to them from the fvg demand zone if we draw early fib from top to bottom we get 0.7 on the same level of our target
#BTC reaches support zone📊#BTC reaches support zone✔️
🧠The expected rebound did not happen, but entered a deeper adjustment, so we also hit the stop loss. Judging from the liquidation data, the entire network liquidated a total of about 250 million US dollars, which also emphasized the importance of risk management. , don’t let yourself lose everything because of one transaction.
➡️The current price is testing the support area again. If it continues to consolidate sideways in the future, there is a high probability that a "foot sole" will be formed here again. Therefore, we will not go bearish here, but it is reasonable to continue to be bullish. 📈
Let's see👀
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BINANCE:BTCUSDT.P
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin.
As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds.
It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market.
Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities.
**BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting.
If you like my content, please hit the like button and share your views in the comments section. Thank you.
#PEACE
Bitcoin Roadmap==>>(Update)Bitcoin is moving in the Resistance zone($63,450_$62,100) and close to the 21_SMA(Weekly) .
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . (The Maximum of wave 4 can be up to $65,080 , and the Potential Reversal Zone(PRZ) can continue.)
Before the better result, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%) .
It seems that BTC.D% has managed to complete 5 impulse waves in the Heavy Resistance zone(60%_57%) , and we should expect BTC.D% to fall in the coming days and weeks.
USDT.D% has managed to break the Important Downtrend line , and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin .
I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of wave 4 , and then Bitcoin will fall and at least fill the CME Gap($62,085_$60,400) .
Note: If Bitcoin can touch $65,580, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
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.