BTC/USDT Update BTC/USDT:
The price of Bitcoin is currently attempting to break out of the trendline resistance for the 5th time. I believe that this time it will successfully break out and experience a significant upward movement. In the event of a fakeout, there is an alternative scenario where the price may retreat towards the 60-59k range before bouncing back up to 72k. Overall, my sentiment is bullish, and I anticipate the price reaching 72k in the coming days.
Please note that the above is not financial advice. Kindly conduct your research (DYOR) before making any investment decisions.
BTCUSDTPERP
🚨Bitcoin Is Ready to Fall🚨🏃♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line .
🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances).
💡Another sign that we can point to Bitcoin correction is the formation of the Head and Shoulders Pattern .
🔔I expect Bitcoin to fall at least to my Pitchfork lines on the chart.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📊#BTC weekly level view👀We can also easily see that the overall trend direction is a bullish trend, so it will be smoother to follow the trend and go long.📈
🧠From a structural point of view, after we break through the historical high, it means that the monthly level long structure is established, so I think it is reasonable for us to continue to rise above 88,000$.
➡️After we complete the daily level target, there is the possibility of daily level adjustment. So there's a lot of divergence here, so we're entering a complex consolidation phase. If a new long structure can be constructed at this stage, then we will most likely continue to move higher and reach the weekly level target area.🚀🌕
Let's see👀
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BTCUSD symmetrical triangleAt one hour timeframe, $BITCOIN perform symmetrical triangle pattern.
This pattern are neutral pattern depend on the break direction.
If it break up, bullish target at $72,490.
$66,089 became bullish confitrmation level to make sure that bullish perform.
If this pattern break down, bearish target at $57,033
📊#BTC breaks out of triangle🚀🧠Because there is no trading volume in the weekend market, it generally moves more complicated. At present, the price is gradually squeezed and forms a triangle. Here we have signs of an upward breakthrough. If the turning point is successfully broken, then the long structure can be successfully constructed. There is a high probability that we will continue to move higher.🙏🚀🌕
Let's see👀
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📈Bitcoin is going to rebound? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
In the 2-hour timeframe, Bitcoin is trying to stabilize above the 2-hour and 4-hour middle Bollinger lines.
The $69,500 level is an important resistance in front of Bitcoin, if Bitcoin fails to pass this resistance, a head-and-shoulders pattern scenario is likely.
Otherwise, above the $69,000 level, the Bitcoin scenario will change. (This analysis will be updated later)
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
📊#BTC key defense points⚠️➡️It is very reasonable that we have seen a pullback after achieving our long target
🧠Then if the bulls are broken, a new bearish structure will emerge and we will most likely enter the daily level correction. At that time, we will look for buying opportunities in the daily buying zone. Until the bulls are broken, we will still maintain the bullish view.📈
➡️Therefore, when the price pulls back to near the 6h buying zone again, it is a place worthy of our attention, or we continue to break through the resistance zone and continue the bullish power.
Let's see👀
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BTC Channel down Broken upIf we look at 4 hour timeframe, Expanding channel up support able to hold bearish wave,
and BTC already success break channel down. This is a good news for bullish, not only for BTC, but also for all alt coin.
We have 74.055 previous high as target, with maximum target at fibonaci 1.414 at 82.285
If this channel up broken down, we have 59.800 as next fibonacci support to hold bearish movement.
Don't forget to support this idea to get a quick notification of any updates.
Happy trading, May profit be with you.
📊#BTC rebounded as expected, what’s next❓💥We made a correction based on the hourly short structure. After the short target is achieved, there is an expectation of rebound. Therefore, we found a buying opportunity in the 6-hour buying zone yesterday and successfully reached the TP zone. At the same time, we locked in the main profit. Then expect more without the risk. Congratulations to all the friends who followed Wolf King to print money and successfully obtained 800%+ income.🎉💰🎊
🧠From a structural point of view, the hourly level short structure is not enough to reverse the daily level bull trend. Therefore, if we want to complete the daily level correction, then we at least need to build a daily level short structure. However, we can enter daily and weekly level corrections, but it cannot change the monthly level bull trend, so we ultimately maintain a positive and bullish attitude towards the market.
➡️Hopefully we can continue to build a cup-and-handle bullish structure here, continuing the continuation of bull power.🙏
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Bitcoin Increase in the Coming Hours🧐🏃♂️Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($63,000-$61,800) 🟡,the lower line of the descending channel and 🟡 Time Reversal Zone(TRZ) 🟡.
🔔I expect Bitcoin to temporarily rise to at least the upper line of the descending channel and then the 🔴 Resistance zone($70,600-$68,400) 🔴.
❗️⚠️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.
BTCUSDT heading towards daily support around 60000The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price has a high probability of bouncing from the dark green zone. I will take a long from the green zone scaling more into as it goes deeper there.
📊BTC may continue to rise according to the smiley face structur🧠From a structural point of view, we have constructed a smiling face bullish structure in the buy zone. Combined with the expectation of a rebound after the short target is achieved, we have a high probability that we will continue to rise.
Let's see👀
⚠️At the same time, don’t forget about risk management.
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📊#BTC next structural evolution ideas🧠🧠We have also entered the correction stage after completing the daily level target, which is very reasonable. The daily level correction cannot be completed in a short time, and there is still about one month left before the production reduction. This month’s There should be more complex consolidation stages in time.
➡️From a structural point of view, the hourly short target area has been realized, so there is a rebound expected in the 6h area. If we build a cup-and-handle bullish structure after the rebound, then we will use this structure as a supporting force to continue to rise.
➡️If we fail to successfully build an hourly-level long structure and choose to fall, then we will most likely go to the daily-level buying zone, and then we can focus on buying opportunities in this area.
Let's see👀
⚠️At the same time, don’t forget about risk management.
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📊#BTC may have ended its correction👀➡️As I said in my last post, if we want to make a correction at the daily level, then we need a larger period short structure as a supporting force.
🧠From a wave theory perspective, it appears that we have completed Wave 5.
➡️From a structural point of view, our short target has not been fully realized, that is, it has not reached the buying zone that I am concerned about, so there will be some contradictions here.
➡️If we form a long structure near the buy zone, then we may be able to use this structure as support to begin a rebound.📈
Let's see👀
⚠️At the same time, don’t forget about risk management.
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BTC try to break falling wedge patternHi, welcome to my analysis, I have a new pattern for BTC
we have correction wave from 14 mar, and perform falling wedge pattern.
at 1 hour timeframe, BTC already break this pattern and we already have candle close above falling wedge resistance.
This pattern profit projection at previous high at $74.055, but we also have fibonacci support at 0.618 with this support our second target at $79.801
Good luck
I will update this analysis if I found a new key level.
BTCUSD We still in bullishHi welcome to my analysis,
If we look at 4 hours timeframe, bearish today only a correction wave, and BTC still inside expanding channel up.
Right now we have fibonacci support zone at $66.519 to $64.735 to hold bearish , If this support broken down,
we still have channel up support at $59.218
If this support able to hold bearish, My target at $75.055 previous high and maximum target at fibonacci 1.618 projection at $79.801
Warren Buffett : “Be fearful when others are greedy, and be greedy when others are fearful.”
Happy Trading,
May profit be with you
📊#BTC adjustment is not over yet⚠️🧠Pessimistic things still happen, but as expected, corrections are a normal phenomenon, and the corresponding adjustment level will not be too small after the daily level target is achieved, so we should pay attention to the 4-hour level correction rather than the small cycle.
➡️For the general direction, we are still in a bullish trend, so we should look for more opportunities to do long. Even if it is to enter a correction at the daily level, a 4-hour level short structure should be constructed here, otherwise a short structure with a too small period will not be able to reverse the overall bullish trend.
Let's be a little more patient☕️
⚠️At the same time, don’t forget about risk management.
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BTCUSD road to 75K$Bitcoin perform a great bullish with Bullish pennant and Symmertical triangle pattern.
If this pattern broken up, we have 2 target :
$66365 as symmetrical triangle profit projection and
$75508 as Bullish pennant profit projection
If this pattern broken down, we have $57487 - $56029 as fibonacci support to hold bearish movement.
Happy trading, Good luck
Will BTCUSD drop significantly?
Rely on technical aspects. The market still maintains a strong upward trend. The first point is the universalization and value-added of digital currency, which is also the first choice to resist inflation. The second is continued weakness in the dollar, and the third is increased demand. Three simple points outline BTC’s strength. At the same time, mysterious buyers always cover their positions at low levels. The above adds strong support to the bottom of BTC.
BITSTAMP:BTCUSD CRYPTOCAP:BTC INDEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD
Whether it is value investing or short-term speculation, I think the time to buy is sooner or later. Just need to measure your own financial situation. Can you bear the risk of a correction?
Based on the above, the following suggestions for buying BTC are given. The prices are based on tradingview's prices.
BTCUSD No. 1 Buying Position 72614
BTCUSD 2nd buying position 71535
BTCUSD 3rd buying position 70500
The strong support below relies on 70k, which is an important integer level.
📊#BTC reaches the ideal target zone, cautious callback risk⚠️🧠As we set new highs again and again, my vigilance also increased a lot. At present, we have successfully reached the daily level target area, and what we have to do is to reduce our holdings or close our positions.⚙️
➡️Because the realization of the daily level target means that the daily level adjustment expectations have appeared, so I would not be surprised if it falls from here.☕️
➡️From a graphic point of view, we are rising according to the wedge model, which is not a very good signal. It often starts to fall according to this pattern.📉
➡️Although the views I expressed are somewhat pessimistic, I still stick to my principle and don’t go short! ! ! Because judging from the structure of the weekly and monthly levels, we are still in a bullish trend.
⚠️At the same time, don’t forget about risk management.
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📊#BTC is about to reach the ideal target zone🎯🧠Our divergence near the historical high is still relatively large, the fluctuations are much greater than before, and the difficulty of trading has also increased a lot, so I have recently reduced the trading frequency. Preventing a sharp retracement of profits is also an important part of the trading system. ✔️
➡️From a structural point of view, we are about to reach the ideal target area at the daily level. Reaching the ideal target area means that there is a probability that we will make adjustments at the daily level, so we need to maintain a cautious attitude.⚠️
➡️Although there is an expectation of adjustment, I will not go short because there is a long structure in the larger cycle. It is most reasonable and most profitable to continue to go long after the correction is over.✔️
Let's see👀
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Move coming for Bitcoin! My current TA suggests the next move for BTC is coming. However, which way? There are two possible scenarios. Scenario 1 will be an upside move with a move towards 77k. Scenario 2 will see a corrective move for BTC. I personally believe we will see scenario 1 play out. Most traders believe BTC will see a corrective move and I feel there will be a lot of short liquidations.
Let's see what happens ;)