BTCUSDTPERP
📊#BTC rally probability increases📈🧠We did not continue downward after falling below the previous low, but instead experienced a strong rebound. From the perspective of wave theory, the cycle of the wave has changed, indicating that Wave 5 may have ended.
➡️From a graphical perspective, if you want to continue to fall, you need to form a descending triangle here, otherwise it will be difficult to fall further.
➡️So I think the possibility of a reversal from here is relatively high, because we are still consolidating in the buying zone. If we build a long structure here, we can try to go long.
Let's see👀
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Bitcoin – Reaccumulation or Distribution?Background:
1. Since February 2023, Bitcoin has been trading in a range. The range high is 73.8K, and the range low is 59.6 K.
2. In real time, It is difficult to determine whether the schematic in play is a reaccumulation or a distribution schematic. To answer this question conclusively, we must wait for the breakdown below or the breakout above the range.
Distribution Scenario:
3. If this is a distribution phase, Bitcoin will drop below the range and will not be able to reclaim it.
If this happens, I expect Bitcoin to find support at 53K and try to resume the uptrend from that level.
Reaccumulation Scenario:
4. In the event that Bitcoin is in a reaccumulation phase, we can anticipate two potential scenarios:
a. A temporary drop below the range to shake out the “weak hands.” In the Wyckoff terminology, it is called a “Spring.” Following the spring action, Bitcoin will reclaim the range and continue with an impulsive PA to the upside, culminating in a breakout above the range.
b. A touch of the range low, a ST. Or a resumption of the bullish trend to the upside from the current price level. This scenario is less likely because it should have materialized by now if this was the primary scenario.
However, if this is how it will play out, watch for the local resistance at 62.25K. A decisive break above 62.2K will signal that this is it.
If this is the end of the bull market, it will be the first time in history that Bitcoin has entered a bear market before the halving. This is not likely at all.
Best Wishes
BTCUSDT OUTLOOKThe $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East.
Here are some factors to consider:
1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow.
2. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market.
This is not Financial Advise!. It is important to do your own research before making any trading decisions.
BTC Short to 59600Hey guys, we have tested 64200 and turned back with sell power and small buy volume.
I think it was fake out and bull trap, i expected to see hard move down first to 61500, than one more leg down to 59600.
Its not financial recommendation, just my personal opinion , whats yours ideas guys?
Bitcoin is Ready to Attack to Resistance zone⚔️💡Bitcoin started to rise after the Spot Bitcoin And Ethereum ETFs were Approved In Hong Kong but failed to break the 🔴 Resistance zone($66,100-$64,500) 🔴and created a Bull Trap .
🌊According to the theory of Elliott waves , Bitcoin seems to have completed 5 downtrend waves in the 15-minute time frame .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
📈From the point of view of Classical Technical Analysis , there is also a possibility of forming the Inverse Head and Shoulders pattern .
🔔I expect Bitcoin to Attack the 🔴 Resistance zone($66,100-$64,500) 🔴once again.
❗️⚠️Note⚠️❗️: We must note that there is a possibility of Israel's response to Iran's attacks and the cryptocurrency market may experience another fall.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
RSI in BTC 4H time frame is showing Bullish DivergencesRSI in BTC 4H time frame is showing Bullish Divergences and if it works, price can go up to 66k. Keep in mind that there are significant caveats when entering long trades!
BINANCE:BTCUSDT.P
BTC LONG OVERDUE HITHey as we have broken the 71266 resistance zone and liquidating over 3Billion shorts.
I truly believe we are hitting a higher zone before another correction downwards.
Following Bullish indications are:
Triangle pattern break out and anticipating to hit 83600 mark.
HHHL Resistance broken at 71266
Bearish indications:
Major resistance at 73363 another lovely liquidation level
Trade plan bias long @ 71200
SL:68130
TP1:74695
TP2:77981
TP3:81123
📊#BTC next structural evolution🧠The current market trend is not much different from the analysis in the previous article.
🧠From a structural point of view, we are in a bullish trend as a whole, but a larger level of short structure has been constructed, which means that it is possible for us to reverse the bullish trend based on this structure. Considering that the daily and weekly level bulls have now been realized, it is very reasonable for us to see daily and weekly level adjustments from here.
➡️From the perspective of wave theory, we seem to have completed wave 4 and are progressing to wave 5. Note that if we continue to consolidate sideways, then we may not continue to wave 5, because if the cycle of the wave changes, then This means that wave 5 may fail.
Let's see👀
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Btc Do Or Die The BTC/USDT pair is currently at a critical juncture, with the recent breakdown of a triangle pattern followed by a retest. Currently, the price is being supported by a crucial horizontal level. It is essential for Bitcoin to sustain this support to prevent further downside. In case the price fails to hold above this support level, a drop towards the $52,000 region is anticipated. Traders and investors should closely monitor the price action around this support level for potential clues about the future direction of Bitcoin.
Bitcoin Can Go Down by 🚨Classical Patterns🚨🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢.
🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴.
📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming an Eve & Adam Double Top .
🔔I expect Bitcoin to continue falling again , at least to the Pitchfork line .
❗️⚠️Note⚠️❗️: If Bitcoin can go above the 🔴 Resistance zone($66,100-$64,500) 🔴, we can expect an increase in Bitcoin.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 may undergo daily level adjustments📉💥As the international situation becomes tense, financial markets also show a pessimistic side.
🧠From a structural perspective, the long structure is destroyed, and falling below the turning point means that the small double-top short structure has evolved into a large double-top short structure. This means that we will most likely enter a daily or weekly level adjustment. Therefore, bullish calls need to be conservative and cautious.⚠️
➡️From a wave theory perspective, it appears that we have completed Wave 3 and are entering Wave 4. If you want to go short, you can look forward to the emergence of the fifth wave and the price to enter the daily level buying zone.🙏
Let's see👀
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Bitcoin BTC price starts a pre-halving correction?On April 1, the BTCUSDT price started with a "humorous" correction.
In general, April promises to be quite interesting and provide "many answers."
During the likely long-awaited correction, it will be necessary to closely monitor such indicators as BTC.D and USDT.D:
- It will be possible to trace where the capital that previously entered the cryptocurrency market through the purchase of BTC by large players is flowing.
- It will be possible to track which "industry's" altcoins are best held and bribed.
Do you think there is something more interesting to invest in the cryptocurrency market than various memecoins?)
And on April 19, 2024, the long-awaited "BTC halving" is to take place.
The halving of the reward for a mined block from 6.25BTC to 3.25BTC will reduce the supply on the market in the medium and long term.
If we compare the growth dynamics of the BTCUSD price in 2024, we will see that it is more similar to 2021 than to the previous years when halving took place - 2020 and 2016.
What are your goals for the Bitcoin price movement in April 2024?
We would like to see a correction at least to $65 thousand, or even better, a drop in the BTCUSDT price $58400-59100
But there is also the $78000 mark, which would also be good to test for strength, the only question is when)
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Bitcoin is Ready to Attack to Support zone⚔️🏃♂️Bitcoin is moving near the 🔴 Resistance zone($71,350-$70,900) 🔴 and seems to have broken the Support line .
🌊According to the theory of Elliott waves , Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5) .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈If Bitcoin's downward momentum is high , there is a possibility of forming a classic Double Top Pattern .
🔔I expect Bitcoin to ⚔️ Attack ⚔️ the 🟢 Heavy Support zone($69,300-$67,500) 🟢 once again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 cup-handle structure may fail❌🧠The last thing we wanted to see happened. We failed to continue to break upward but chose to fall, which meant that a new short structure emerged. If the short goal is achieved, then our long defensive point will be invalid, so we choose to close the position and wait for a more suitable opportunity to appear.☕️
➡️If the short strength continues and falls below the turning point, then a large double top short structure will appear, which means that we will most likely enter the daily level adjustment range. If you have a short position in a good position, you can lock in the main profit and then expect this scenario to happen in a low-risk way. If it happens, then you can make more.💰🍻
Let's see👀
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Dynamic and Horizontal Support & Resistance Levels for BitcoinSupport:
• Trendline support: 67K.
• 50D EMA, currently at 64.8K.
• Orange Gann Angle: 60.6K.
Resistance:
• 21D EMA, currently at 68.5K.
• Yellow Gann Angle: 70K.
• 71.8K Horizontal support.
Do you think the bear market will begin before the halving? I don’t!
Bitcoin crash tunnel (80000 / 12750) |||| ●●●● Alert ●●●●Due to the closing of the Bollinger band between the two black lines, this part of the chart will no longer be scrolled. As a result, if the price enters point A from above, it will leave point B in less than a few minutes, and Bitcoin will crash 100% to 12750 in the next two to three days
btc long idea. i am bullish on these points. No Fear. But BTC. Make Money. thats easy
STOP LOSS : PROTECTED LOW POINT
TP : LIQ POINT
ENTRY ZONE : 64500-66000
#Bitcoin needs to reclaim the 70K!#Bitcoin update
BTC is forming this bullish parent/symmetrical triangle pattern in the four-hour time frame; here, 200MA is working as good support.
currently tapped into the support deeper till the bottom area and reacted a bit. Price Seems to be hodling the support and might gonna reverse from here.
we need to reclaim the 70K resistance for bullish momentum.
But for now, the
Dusk is still in the air; it is better to wait for the market to stabilize.
Stay tuned for more updates.
BTCUSDT to bounce from 4h or daily supportWe expected a pullback of the price after it broke to the upside and went beyond bit our target. Now the pullback is slowly maturing and coming to the targets from where it can bounce. Therefore, lets get ready with the relevant levels and the trade setups for long. I have marked two support levels which is attracting the price on this pullback. The first one is 4h support 4HS1 from where a bounce is likely. In case the price wants to go southward a bit further on this pullback then the next support is daily support DS1. That level will definitely give a long trade opportunity. Therefore, I will take some amount from 4HS1 and will add at DS1 in case the price moves a bit more southward. Lets trade it and see where the price leads us.
#BTC/USDT Technical Analysis. #BTCUSDT Update: Our initial scenario is unfolding perfectly so far.
BTC is likely to go higher when the BTC Dominance hits 58%+ followed by a correction which is likely to lead to an altseason.
Do you believe BTC will surge past $80,000, or will it continue to move sideways until the halving?
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
📊#BTC correction is the best entry opportunity💪🧠Now that the cup-handle structure has been established, we only need to maintain a bullish view and don't be afraid that it will fall too much. When trading, we only need to strictly implement the plan and use the plan to manage risks instead of being dominated by emotions.💪
➡️The price is currently back near the monthly neckline and the yellow support band. Perhaps we will get support here. As long as our bull defense point is not destroyed, then we will continue to maintain our bullish view.🙏🚀🌕
The rest is left to patience.☕️
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Bitcoin Long to 88KBitcoin holding a very important key area here.
DCA longed on this from below 68500.
Tight and Flat SL at 67650(1%)
If it holds here. Targeting 78k(easy one) and 88k.
Note : Not a Financial Advice.
