BTC VERSUS DESTINY C*HELLO tradingviewers (Tvs)
First of all world is now at the chaos .
As you remember ,unfourtanetly last year Russia hit the Ukraine :(
and after that coins blow up , now we are at the same situation
Our analysis also show us that
I am not like other traders , They always say If btc up or If btc down
they are just mumblıng ....
No need to over explain for pages .
THATS the chart thats the analysis
Take care Crypto brotherhood
Welcome to brotherhood .....
BTCUSDTPERP
BTCUSDT (bitcoin): a perspectivehello guys.
Price Action Overview:
The chart shows Bitcoin within a rising wedge pattern, with the price nearing a key resistance level.
A potential pullback is expected in the near term, as highlighted by the downward arrow, before the price potentially retests lower trendline support.
Bearish Scenario:
The price could see a correction from the current level back to the 58,600 - 57,800 USDT support zone.
This is suggested by the wedge pattern, often signaling a potential reversal or pullback before a larger move.
Bullish Scenario:
If the price finds support at these levels, we could see a bounce, leading to a breakout above the wedge towards 68,000 USDT, as indicated by the larger upward arrow.
Market Sentiment:
In the short term, traders should be cautious of the possible pullback, but the larger trend remains bullish if the wedge holds and the price respects the lower trendline support.
$BTC DAILY ANALYSISDaily Swing is Bullish , Daily Internal Bearish
After Bullish BOS ( Break Of Structure ), we are having corrective pullback to the downside and price already has mitigated weekly demand range in August. Although a deeper mitigation to the level of $44.000 is very likely imo, we are currently bullish in recent minimal structure so if price keeps pushing and we get a daily candle closure above $64.450, I personally don't think the supply zone between 64.800-66.400 will cause a strong bearish momentum. And I will be following the price in LTF to catch any short positions in this recent daily supply zone, but longs are more probable as I don't think this supply will hold for long.
The main Supply range, 67.000 - 70.000, is where I will be looking for confirmation short setups until I see daily internal structure switch to bullish.
How to trade after #BTC surges?📊How to trade after #BTC surges?
🧠Although my subjective opinion is bullish, I didn't expect it to rise so sharply yesterday, and without any structure as support, the possibility of a subsequent pullback has increased.
Yesterday we tried to place some short orders in the resistance zone. We originally wanted to make a short-term pullback, hoping to build a bullish long structure and then participate in new long transactions, but the final development was not as expected. Therefore, our short orders were closed near the cost price, and we did not lose money. It was a pity that our long orders were closed in advance, but trading is like this.
➡️The trading volume will be much lower on the weekend, and it is likely to be a complex consolidation stage again. From a structural perspective, the short structure at the 4-hour level has not been broken, so there is still an expectation of a decline. If you want to short, you can only focus on the heaviest resistance area around 64,000
➡️If we fall early from here, the support area we can focus on is around 60,000-61,000
Let's see👀
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BINANCE:BTCUSDT.P
When Will Bitcoin Hit Its Next Peak?The BTC weekly chart with the Pi Cycle Indicator has historically been a reliable tool in predicting major Bitcoin market cycle highs and lows. As shown in the chart, this indicator successfully marked the peak of Bitcoin bull runs and bottom of bear markets during the last three major market cycles.
The green markers on the chart labeled "Pi Cycle High" correspond to moments where Bitcoin reached its cycle top. These highs occurred during 2013, 2017, and 2021, right at the peak of major bull markets, suggesting the effectiveness of the Pi Cycle indicator in identifying sell zones.
The blue markers labeled "Pi Cycle Low" signal the exact periods when Bitcoin hit its bear market bottom, seen in 2015, 2019, and potentially in 2022. These points provided strong buy opportunities before the market entered a new bull phase.
Bitcoin currently trading above $62,000, the Pi Cycle Indicator has not yet signaled a new cycle high. This suggests that Bitcoin could still have further upside potential before reaching its next peak. If the historical pattern holds, we might expect Bitcoin to continue rising over the next year before the Pi Cycle High indicator signals the next top, potentially in mid to late 2025.
Keep a close eye on the Pi Cycle indicator, as it could once again provide crucial signals for a peak in this cycle.
Regards
Hexa
#BTC ideal target zone has been achieved📊#BTC ideal target zone has been achieved✔️
🧠From a structural point of view, the goals of the short structure at the hourly level have all been achieved, so there is an expectation of rebound, so be cautious in chasing shorts! However, a larger short structure has appeared at the 4h level, so even if we want to be bullish, we need to be conservative .
➡️The entry point for yesterday’s long order was not very good, and I added a position near the ideal buying zone once, and the position was relatively heavy, so I closed the position first and looked for trading opportunities again. A small profit and no loss will be enough.
➡️ The short-term pressure area is 61300-62300
The short-term support area is 59400-60250
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Analysis==>>Risk-To-Reward:4.40Bitcoin started to rise after the UAE exempted cryptocurrency transactions from Value Added Tax (VAT) .
The UAE exempts crypto transactions from VAT starting November 15, aiming to attract more investments and solidify its position as a crypto hub.
Bitcoin is currently moving near the Resistance zone($67,400-$65,000) , the Potential Reversal Zone(PRZ) , and above the ascending channel .
Regarding Elliott wave theory , Bitcoin has restructured a bit since my previous post . Bitcoin seems to be completing wave C inside the ascending channel.
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to decline to at least the Support zone($62,860-$62,110) again, and because there is still a high possibility of tension between Israel and Iran , it is very likely that Bitcoin will come back below 21_SMA(Weekly) and 200_SMA(Daily) .
⚠️Note: This analysis is valid until Bitcoin does not touch $66,500.⚠️
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My position: Of course, I manage this position with price changes.
BTCUSDT
🔴Position: Short
✅Entry Point: 64347.0 USDT (Limit Order)
⛔️Stop Loss: 65283.0 USDT [ You can open a Short position where the Stop Loss(SL) is $66,500 ]
💰Take Profit:
🎯62493.0 USDT ===>>>Risk-To-Reward: 1.98
🎯60229.0 USDT ===>>>Risk-To-Reward: 4.40
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
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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 and updates; 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 will continue to fall?📊#BTC will continue to fall?
🧠We continued to break the support after rebounding in the support zone yesterday, so the support zone turned into a resistance zone. We are currently in an hourly downtrend, and the ideal target zone (57888-59433) of the short structure has not been achieved, so there is an expectation of continued decline.
➡️If we want to reverse the downward trend, we need to build an hourly long structure in the stage support zone (59663-60493), otherwise don't be too optimistic.
⚠️There is a long structure at a larger level, so don't rush to short. Even if you want to short, you need to wait until the price reaches the resistance zone before trying.
Let's see👀
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BINANCE:BTCUSDT.P
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update
Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions.
Regards
hexa
Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update.
In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum.
The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move.
The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal.
The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move.
Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move.
Regards
Hexa
#BTC Falling Wedge📊#BTC Falling Wedge📈
🧠From a morphological point of view, we have the opportunity to build a falling wedge near the support area, and we will generally rise based on this pattern.
➡️In addition, falling below the turning point means that the previous 4.54% increase has been retracted, which means that the liquidity here will be swept away, so there is an expectation of a rebound.
⚠️With the support of double rebound expectations, don’t chase shorts around here.
Let’s see 👀
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BINANCE:BTCUSDT.P
#BTC going to pull back?📊#BTC going to pull back❓
🧠From a structural point of view, the previous hourly level rise structure has ended, because the target area was reached yesterday, so the pullback is very reasonable. At present, it has returned to the buy zone and near the support zone again. The probability of rebound is high. Don't chase the short in the buy zone. A large negative line appeared at the daily level, so bullishness needs to be conservative.We can only remain optimistic after breaking through the upper blue resistance zone.
➡️If you want to short, you can pay attention to the resistance zone above. The support zone is also marked on the icon.
Let's see 👀
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BINANCE:BTCUSDT.P
#BTC reaches the stage resistance zone📊#BTC reaches the stage resistance zone✔️
🧠The ideal target zone of the bullish structure has not been achieved. Combined with the existence of a double bottom bullish bullish structure in the large cycle, we are mainly bullish, and it is easier to trade with the trend than against the trend.
➡️If we can make a healthy correction, we can try to place some long orders near the green buy zone. The resistance zone to watch is 64250-65368
Let's see👀
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BINANCE:BTCUSDT.P
BTCUSDT.P is may come to downsides now!BTCUSDT.P is may come to downsides now!
BTCUSDT is continuing its downtrend, respecting the resistance and support levels formed by trend lines. The market structure shows lower highs and lower lows, signaling bearish momentum.
Key levels:
Resistance: Confirmed by the trend line, providing strong rejection points, ideal for short entries.
Support: Marked along the lower trend line, which could serve as potential profit-taking zones.
With the downtrend intact, this is an ideal moment to open a short position, targeting support levels while keeping an eye on resistance for stop loss placement.
Entry point :- 61790
Take Profit :- 54950
Stop loss :- 67572
Bitcoin is Ready to Crash Again!!!Bitcoin is currently moving near the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) and 200_SMA(Daily) .
According to the Elliott wave theory , Bitcoin seems to be completing main wave 4 . The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5) .
I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again.
⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) , we can expect the BTC pump to near $65,000.⚠️
In previous posts , I tried to show you the Bitcoin roadmap step by step; I hope it was useful.
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 and updates; 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's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447.
After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it.
In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
#BTC rebound has been achieved📊#BTC rebound has been achieved✔️
🧠Last night we fell below 59934 again as expected, but unfortunately it did not reach the ideal buying zone that I wanted to focus on, so the entry point was not triggered, so the market that is not within my trading plan does not belong to me. That’s what trading is.
➡️Currently we have reached the first resistance zone. If we continue to break through, the second resistance zone will be around 62500-63000. If you want to go short, you should focus on the second resistance zone and the third extreme resistance near 64000. Otherwise, just Don't go short easily
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Ready to Pump==>>Falling Wedge==>>Shot termBitcoin moved as I expected in the previous post .
According to Elliott's wave theory , Bitcoin completed wave 5 , and we should expect upward corrective waves .
Regarding Classic Technical Analysis , Bitcoin seems to have formed a Falling Wedge Pattern .
Also, Regular Divergence (RD+) between Consecutive Valleys.
I expect Bitcoin will go up after breaking the upper line of the falling wedge pattern and touch my targets in my chart.
⚠️Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️
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 and updates; 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.
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know.
James
The real shakeout for Bitcoin still hasn't happened yet."If the final shakeout occurs, it will destroy altcoins.
Warning: don’t try to catch the bottom.
First, assess the market trend before making decisions.
Market makers will likely plan to mislead traders and pump the market. Protect yourself from getting hurt."
The real shakeout for Bitcoin still hasn't happened yet."If the final shakeout occurs, it will destroy altcoins.
Warning: don’t try to catch the bottom.
First, assess the market trend before making decisions.
Market makers will likely plan to mislead traders and pump the market. Protect yourself from getting hurt."
Bitcoin Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) .
In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful.
Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) .
According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 .
I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours.
Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin .
⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️
⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️
What is your idea about Bitcoin, more dump or, again, pump❗️❓
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 and updates; 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.