BTC ON WAY TO 43K AFTER WICK BELOW 40KSince BTC is 45K we did add the possibility that BTC can show a decrease to the 40K zone and below depending on this update.
This is not a day update, since day updates can change with the small time frame.
We see that the least volume is not a confirmed volume for the breakdown trend which means that the bulls can get more power to increase the trend back then the BTC will break down further.
We expect that BTC can reenter back to the 43K in the coming time.
There is an important level at 43.3
When there is a real interest in crashing BTC, the whales will do it depending on time frames, we don't see this interest at this moment.
There is no guarantee in the market, follow always the trend since the trend can change.
( update not trading advice)
BTCUSDTPERP
BTC still has a target to complete, so be cautious about short⚠️💥Yesterday we entered the market to go long after the contradiction point was broken. I also published the detailed trading strategy. I am very happy that the market developed as expected. We successfully reached TP zone 1, and at the same time, everyone locked in 80 % profit, the rate of return has also reached 500%+. Congratulations to all the friends who followed Wolf King to print money.💰🚀🌕🍻
🧠There is currently a TP zone 2 above that has not been realized. As for whether it can be realized, I don’t know. I can only say that there is a certain probability that it will be achieved. This is why I left a 20% position to look forward to this possibility. Of course, it is risk-free.☕️🙏🎯
➡️From the perspective of wave theory, we seem to have completed wave 3 and are transitioning to wave 4, looking forward to the occurrence of wave 5.🙏📈
➡️From a structural perspective, as long as our bull defense point is not destroyed, the expectation of rising prices will always exist.⚠️
Let's hope for more🙏
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#BTCUSDT Technical Analysis and market overview!#Bitcoin: Broke the red resistance zone; looks like a clean break.
My previous charts have been proven wrong; a close below $40,222 was supposed to trigger a bearish rally to the $32-$35k zone; instead, we bounced around $38,555 and closed back inside the channel with a close above $42,031 in the weekly, confirming a reversal in the short term.
Though the higher time frame (HTF) is still bearish, I expect altcoins and BTC to rally together this week.
My Action? I am going to chill. I have a good altcoin bag and am ready to buy more at lower prices if the opportunity shows up!
The price is likely to hold the channel in the short term. $45,369 is the local resistance and the high of this channel in case we move higher and break the midline of the channel.
Your thoughts?
Bookmark this chart to stay updated!
Cheers
#Crypto #BTC
📊#BTC is in the long-short conflict zone, be cautious⚠️💥All the short orders we set up according to the double-top short structure yesterday have taken profit. If you have shorted according to this trading strategy, please set it up in time without risk. If you think the profit is enough, you can reduce your holdings and then look forward to more. Just decide based on your own risk appetite. At the same time, congratulations to the friends who followed Wolf King to print money.💰🍻
🧠At this stage, both bullishness and bearishness are reasonable and are in a contradictory range, so whether you are long or short, you should be conservative.
📈The bullish view supports the possibility of an ascending triangle forming here.
📉The bearish view supports the possibility that the shorts will continue to form a larger smiley face short structure here.
➡️As for how the market will go, we don't need to guess, we just need to pay attention to clear signals.👀
➡️If inflection point 1 is exceeded, then we will continue to rise according to the ascending triangle.📈
➡️If it falls below inflection point 2, then the smiley face short structure is established and we will continue to start the callback.📉
☕️Be patient and let's see what the market chooses.👀
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Bitcoin attempts to reenter the upward-sloping channelBitcoin edged higher over the weekend, briefly reentering the upward-sloping channel. At the same time, the number of Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC increased, suggesting big speculators might not be satisfied with the price yet to unload their newly acquired tokens during the dip. Therefore, our focus is on the lower bound of the upward-sloping channel. It will be positive if Bitcoin manages to break and stay above it. The same applies to technicals like RSI, MACD, and Stochastic if they continue reversing to the upside and growing. Nevertheless, a failure of the price to get back into the channel and a decline in the mentioned technicals will raise our concerns. We will update our thoughts as things progress.
Illustration 1.01
Illustration 1.01 shows the daily graph of BTCUSD’s RSI. A breakout above resistance will bolster bullish odds for Bitcoin. Contrarily, a failure will strengthen a bearish case.
Illustration 1.02
The image above displays the daily chart of BTCUSD’s MACD. A crossover above the midpoint will be bullish, while a failure will be bearish.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
🗺️Bitcoin Roadmap🗺️⏰(Daily time frame)⏰👋Hi, everyone.
📈Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis . (Please 🌹🙏 respectfully🙏🌹 share if you have a different opinion from me or other analysts).
✅As I expected, Bitcoin started declining from 🟡 Potential Reversal Zone(PRZ) 🟡 after the SEC approval of Bitcoin ETFs . ( In previous posts, I warned you several times that Bitcoin is near the end of its upward trend. )
🏃♂️Bitcoin has been moving in an Ascending Channel for more than a year , and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
⚔️Currently, Bitcoin is attacking the 🟢 Support zone($39,000-$37,000) 🟢, SMA(100) and Support line for the first time . Of course, it seems that Bitcoin will NOT succeed in breaking this zone .
📚 Assets generally do NOT break Support and Resistance zones for the first time.
🌊According to the theory of Elliott waves , Bitcoin seems to have completed five impulse waves in 🟡 Potential Reversal Zone(PRZ) 🟡and is now starting to form new corrective waves .
🔔I expect an upward trend in the coming days and at least an increase in the 🔴 Resistance Zone($43,800-$43,000) 🔴. (Bitcoin has had a high trading volume of around $43,400 , which indicates an important resistance for Bitcoin ).
❗️⚠️Note⚠️❗️If the Daily Candle closes below the 🟢 Support zone($39,000-$37,000) 🟢, we can expect further falls for Bitcoin.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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 Roadmap🗺️⏰(1-hour time frame)⏰🧐Bitcoin seems NOT to have decided to fill the 🔵 CME Gap($40,325-$39,290) 🔵 at the moment and will probably fill this gap in the next drop .
🌊From the theory of Elliott waves , it seems that Bitcoin has completed 5 downward waves , and we should wait for corrective waves .
💡Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
🔔I expect Bitcoin to go UP in the coming hours and break the 🔴 Resistance Zone($42,200-$41,780) 🔴 in front of it, and have a minimal increase until the end of wave 4 .
❗️⚠️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 Ready to Increase 🚀➕10%🚀↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ).
✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you.
🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the Expanding Ending Diagonal , and it seems that Bitcoin has already started corrective waves .
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵 CME Gap($40,325-$39,290) 🔵 and then rebounds( ➕10% ) to around $43,500 .
❗️⚠️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.
BTC completes short-term TP, be wary of the risk of falling back🔥The market successfully reached the ideal TP zone as expected. We locked in 50% of the profit from the original trading strategy and strictly implemented the trading strategy. The yield increased to 1158%. Congratulations to the friends who followed Wolf King to print money.💰🍻
🧠From the daily level, the current overall direction shows a bullish trend, which is a rebound after the daily level correction. Since the liquidity pool below has been swept and sufficient liquidity has been collected, the probability of continuing to fall below the previous low becomes extremely small. Therefore, the next trend will most likely tend to oscillate sideways.➡️➡️➡️📈
➡️From the hourly level, we have achieved the goal of the short-term long structure, so there is an expectation of a correction. When it breaks through the resistance line, the liquidity here is swept away, so there is also an expectation of a downward correction, so it is not recommended to chase the rise here. The best situation is to go long after a pullback.✔️
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Bitcoin LongTLDR:
I believe that Bitcoin has completed its correction.
I am waiting for a retracement to 40.2K – 40.7K. If Bitcoin retraces to my target area and holds it as support, I will long Bitcoin with the initial target of 43.7K, but it could go as high as 59K.
Correction:
A correction has two aspects: the degree of correction on price and the time the asset spends in a correction.
Regarding price, Bitcoin corrected below the 0.382 Fibonacci retracement, which is the bare minimum. I would have liked to see a deeper correction to the 0.5 retracement to balance the price appreciation. However, it meets the minimum requirements.
From a time perspective, the ratio between the time spent in an uptrend to the time Bitcoin spent in a correction is 1:10, which is insufficient. However, price is king. If the price sends a bullish signal, I will follow the price.
Reaction Off the Low:
I would be grateful if someone would review my count and corroborate it.
1. After reaching the low of 38.55K Bitcoin, Bitcoin reached 40.55K. I consider this a wave
2. From 40.55K, Bitcoin corrected to 39.493K, which is slightly below the 0.5 retracement and meets the requirement of wave 2.
3. From 39.493K, Bitcoin rose to 42.239K, above the 1.272 Fibonacci extension, and meets the minimum required of a wave 3.
4. following the high of 42.239K, Bitcoin retraced to 41.35K, which is below the 0.236 retracement and meets the requirements of wave 4.
5. From 41.35K, Bitcoin rose to 42.836K, which is above the 0.618 extension of waves 1 and 4, which completed the requirements of wave 5.
Retracement:
I expect Bitcoin to retrace in a correction between the 0.5 retracements at 40.7K and the 0.618 retracements at 40.2K. If Bitcoin holds this level as support, then I will enter a long trade.
Trade Idea:
Entry: 40.7K
SL: 40.1K
Target: 43.76K
R: R: 1:5.4 (Low-Risk).
NFA
What do you think? Please share in the comments.
Best Wishes.
📊Where is the ideal short-term TP for #BTC❓➡️I'm glad that everything developed as expected. Yesterday, after I determined the structural form, we increased our position again. Now we have reached near the stage resistance level, so we have locked in 80% of the profit, and the rate of return has reached It achieved 1000%+ of expectations. Congratulations to all the friends who followed Wolf King to print money.💰🚀🌕🍻
🧠At present, we need to observe whether we can reach the TP zone directly. If we cannot reach it directly, we may be rejected near the resistance line. If you reach the TP zone directly, you should also be wary of the risk of a pullback. In short, we cannot continue to chase the rise here.❌
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BTC⇒ let’s check two scenarioshello guys...
the first scenario:
as you can see, this coin also broke up the three drive lines, but the internal line and the last S&D are strong resistances!
the first scenario is the price will touch this area at the same time and is going to do a reaction to that and continue a downward movement, like this analysis I published before:
BTC Update - 25.01.2024 / Short setup4 hour chart:
I am observing the complete nucleation of a downside oof through liquidity withdrawal, rebalancing into FVG zones and internal liquidity withdrawal!
POIs from which to consider continuing shorts on bitokin:
1. From current (High risk but technical factors are all respected, there is rebalancing into 0.5 moves and daily imbalance with ind withdrawal)
2- Imbalance (43927.7 - 45460.2): More justified entry, but not completely sure if price is rebalancing into this POI.
From targets all compression from the lows (37468 - 33224) and monthly FVG as FTA (34076 - 27480)
Still observing patterns to enter, local accumulation phase in the market today!
❗️ Not financial advice, always think with your head
BTC may continue to rise according to the smiley face structure💥Combined with the expectation of rebound, we entered the long market in advance. The current rate of return is close to 400%+. Congratulations to the friends who followed Wolf King to print money.💰🍻
👆As mentioned in the previous post, I expect correction wave B to appear.🙏
🧠The formation of market structure often requires more time and patience. There is currently an opportunity to form a smiley bullish structure here, and if it develops as expected, then our rate of return can be around 1000%+. If it does not develop as expected, then you need to wait patiently for a new structure to appear. If it continues to fall, there is a chance to form a double bottom bullish structure.☕️
Let’s see 👀
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Bitcoin 25/01 Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame. Completed Break of Structure with Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line to completed its " C " Corrective Wave
One more push to 25k then a correction to 21k before takeoffBreaking 23.3k after holding 22.3 fairly well, I believe the market is due for one last push of the little volume (relatively) is left since the surge from 17k towards 25-26.3 and finally a healthy correction back to the lower limit support 19-21.2k.
And then off we go 30k<
Short Term Long TradeAfter making the mid-cycle high of 49K, Bitcoin entered a correction phase.
The price target of this correction could be 37K (Blue angle), but the price could drop as low as 33K (Orange angle). I have two valid Gann angles; both have recently acted as S/R levels. It is impossible to determine which angle will act as the final support level before resuming the bullish trend.
After making the 49K top, Bitcoin corrected more than 21% without making a significant HL. In the coming days, Bitcoin will make a HL. My target is 42.5k, but I will not be surprised if Bitcoin makes it higher, even as high as 45K.
Invalidations:
1. A close below 39.6K (point E in Orange) invalidates this trade Idea.
2. A sustained break above 45K invalidates the correction. However, ultimately, Bitcoin will have to break above 49K to negate my short-term bearish bias.
Trade Idea:
This trade will be active only after a candle closes above 40.2K.
Entry: 40.2K (ChoCh on the 1H).
SL: 39.6K (Candle close below).
Target: 42.5K
TP: 41.8K, 42.5K.
📊#BTC fell sharply after reaching the long-term TP zone. next❓🔔BTC has been very volatile during this period, and the corresponding risk coefficient is also very high. Altcoin has also been greatly affected. Most of the technical forms have failed after the violent fluctuations in BTC. Therefore, we stopped futures trading and waited for the market to return to stability. We mainly focused on spot trading, also to prevent a sharp retracement of profits.
🧠At present, we have achieved the long-term TP zone, so a sharp correction is very reasonable, indicating that the resistance above has reached the threshold. However, the rapid decline did not form an obvious short structure. Combined with the large cycle, it still belongs to the long structure, so we still focus on long positions.
➡️As for the buy zone, we are currently hovering near the 6H buy zone. However, because the daily level adjustment has not appeared, there is an expectation of continued decline. Therefore, the most noteworthy buy zone is the D buy zone.
Let’s see 👀
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#BTC/USDT#BTC
We have a symmetrical triangle within which the price moves
We expect a strong movement, whether up or down
If it closed below the rectangle on a 4-hour frame at the level of 42000
By closing the 4-hour candle below, we will head to the 39,000 to 38,500 level.
If a 4-hour candle closes at the top of the rectangle at the level of 43500 and the close is above The price is expected to reach 46,500 to 47,000
You must follow the close above or below the rectangle to enter the deal
BTC/USDT: Brace Yourself! One More Bullish Move Expected 🚀
Bitcoin's price has been steadily dropping from 48k, leaving traders without any signs of bullish momentum candles. However, this may serve as the opportune moment for a cunning market move. 📉
As fear grips the market, buyers remain cautious about entering at these levels. But don't be fooled! There's a high chance we might witness a fake bullish move 🎢 in the coming days. 🚀
Market makers, notorious for their tricks, could shake the confidence of sellers by aggressively pushing the price up. 📈🙀 Once the market sentiment starts to shift, they could execute their shrewd plan and dump Bitcoin to as low as 35k. 😱 Only time will reveal their true intentions. Let's stay alert and see how things unfold.⌛️
Disclaimer: Remember, this is not financial advice, but rather an analysis of current market conditions. Always conduct thorough research and engage in trades responsibly. 💼💰