Bitcoin targets for correctionBitcoin after 222 days range hit 27 zone. Now I would like to see correction BINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️Over 200 days in a range! We move impulse sideways Impulse.
➡️Its a daily timeframe only local zones. Main zones 48-52K by end of year or April May 2024 still relevant
➡️Now we are in a market stage when Bears and Bulls will loose the money
➡️Consensus about "we can't move higher" will be soon from both camp
➡️in a range we got deviation at the top of range and deviation at the bottom
➡️Impulse up, sideways and last impulse to 27 zone work almost in 99% cases like a clock)
➡️Healthy correction will be to 0.23 zone and good correction block for futures marked with SL.
➡️On MP indicator you could see how whales fix main % of position on D tf, then RSI div on daily and continuation of fixations.
➡️ Waiting on D blue zone of money inflow. I think its can took just a week or so before continuation of main trend
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Btcusdtshort
BTCUSDTI anticipate that Bitcoin (BTC) will experience a period of consolidation, characterized by a stabilization or narrowing of price movements. Subsequently, there is an expectation for the price to retreat to a breakout (BO) level, which refers to a significant price point where a new upward movement or trend might begin. Essentially, this suggests a temporary stabilization in the market followed by a potential move to a higher price level.
BTCUSDT - Don't ape in to the fake bull runThere needs to be a huge catalyst before we can safely chant the bull run is here to stay.
BTCUSDT is performing a retest of the 4hour highs, and will move sideways for a while before holders take back some profits.
On the next liquidity "milking" event, I expect BTCUSDT to hit the 29-30k levels (or lower).
Here, the action begins.
BTC bext bottom1D time frame
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Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today.
Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib, let's see current potential retracement level.
Secondly, dump from 69000 to 15476, 35992 is 0.382 Fib Retracement.
Thirdly, dump from 48189 to 15476, 35693 is 0.618 Fib Retracement.
Further, Bitcoin is creating a big ascending wedge, which is bearish. According to these three factors, we can judge 36000 is current PRZ. This PRZ is made of different Fib level and structural resistance. Therefore, if BTC get rejected, we can expect it to break below this wedge and target is 17600~18600, same as previous perspective.
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000.
In this week, bitcoin price continues to move in an ascending channel (in yellow).
]f the price breaks the Bollinger midline, there is a possibility that the price will go down to the yellow area.
Overall, in my opinion, as long as the price of Bitcoin does not fall below the Bollinger midline, there is a possibility that it will go higher.
But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario.
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Btc Update Btcusdt
Hello traders
I think bitcoin is in manipulation phase and the next and real distribution phase is loading .
There is many more bearish signs on chart ,
If you are following me closely you know ho our quick updates are working from 27k$
Note, This is just an idea not financial advice
BTCUSD: Pent-up for years, trillions of dollars of institutionalAccording to a blockchain executive at professional services provider Ernst & Young (EY), Bitcoin is seeing strong demand from institutional investors but is still waiting for Bitcoin spot ETF approval to trigger a buying surge.
EY global blockchain leader Paul Brody believes that Bitcoin is seeing a lot of pent-up demand from institutions due to US regulators not approving spot Bitcoin ETFs for years.
Brody discussed the outlook for cryptocurrency adoption on CNBC's Crypto Decrypted on October 23, claiming that trillions of dollars of institutional money is waiting to join Bitcoin once the BTC ETF is approved.
BTCUSDT, We should be ready for droppingHello guys
We're back after 2 years , we are glad to see you again and can talk to each of you
Let's go to analysis the situation of Bitcoin at now.
According to the chart you can see we are in correction up trend and now we have 2 reason that the price can drop from the red box that we shown on chart :
1.The price is going to pull back to the trendline that was broken and after that it can ready to drop
2.If you look at the uptrend movement you can see we have a pattern that is head & shoulders , the body was made and now after left shoulder and head was made , its turn to complete the right shoulders and after that it can drop from their site.
The point that we should attention is, if the price can go up and break the 32K with power and can settle in 32k area we can say this scenario is failed and we should analysis again the price situation.
If you have any question just share it with us
Good Luck
BTC, you're on a slippery slopeJust sharing my idea of a possible H&S pattern, which could be triggered once BTC breaches 25K level.
This then could take us down to 18K's.
That's a big drop.
On a larger scale, if we are in an accumulation pattern before a run up, a dip would look better on the grand scheme of things, in my opinion.
H&S pattern would be less probable if we can get up to 28600's and stay above that level.
BTC excellent short entry 3090012h time frame
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We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below.
TP1: 25000
TP2: 20300
TP3: 18000
Also, 17000~18000 is the expected bottom before bull.
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ref.1 Head and Shoulders structure
ref.2 Harmonic pattern
ref.3 Diamond structure
Bitcoin Analysis (1d): Recent SurgeThe beginning of this week saw a remarkable upswing, propelling Bitcoin's value by an impressive 15%. The digital giant broke a significant barrier at $28,700, surging ahead to $30,000 .
However, the journey doesn't stop here. What has captured our attention is Bitcoin’s recent breakout from a crucial resistance level at $28,700.
The present challenge lies in surpassing the formidable $31,000 mark, a zone with historical significance. This price point, which once served as solid support during the turbulent times of 2020 and 2021, is now a ‘resistance to be cracked next’.
Anticipation buzzes in the air, echoing the prospect of Bitcoin going parabolic should it soar above the $31,000 or even $32,000 thresholds. Yet, this is more than a speculative scenario; it represents a tangible opportunity. However, the prudent approach is to analyze, assess, and prepare for all eventualities.
While the temptation to surge upwards is strong, a strategic retreat might be in the cards. A brief regression to the previous resistance and support level at $28,700 isn't just a possibility but could be a healthy move. The lingering selling pressure from futures exchanges provides a substantial reason to consider this option seriously.
BTC - FAKE ETF News cause BULL-trap👎Hi Traders, Investors and Speculators of Charts📈📉
There has been interesting volatility on BTC in the past 24 hours, with fake news being released on X, alleging that the SEC approved Blackrock's iShare spot ETF (they haven't).
Directly from the Cointelegraph website, 16 hours ago:
"Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X without prior editorial approval stating that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded fund, or ETF. This was false, the result of misinformation. The news lead originated from an unconfirmed screenshot posted by an X user who claimed it was from the Bloomberg Terminal. "
Pretty much immediately after this article, the price started to retrace. It seems to me like severe insider trading / purposeful deceit. Interestingly enough, the price turned at EXACTLY 30K which seems very unnatural. It will be interesting to see whether the SEC reacts to this, or if it's just another day in crypto.
Luckily, as per all our previous posts on altcoins, I'm not trading BTC at the moment. Reason being I was expecting algo's on Bitcoin, as range trading often attracts bots. My focus is still on altcoins at the moment.
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BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT
BTC btttom 18k1D time frame
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With the fake new(BTC ETF approval) released, Bitcoin matched our previous analysis by unexpected trend on 16th October. Currently, Bitcoin is creating a potential Diamond structure, which is a top structure here, and it could be regarded as Head and Shoulders structure(ref.1).
According to this Diamond, Bitcoin might retest 30k again in near future, and start going down by December, once Bitcoin breaks below this diamond, huge dump will be following. There are four targets for the trading plan.
TP1: 28000
TP2: 25000
TP3: 19500~21000
TP4: 17600~18600
Range 17600~18600 is the bear bottom I think. On the basis of time structure, we can see this price around December '23~January '24, get ready for this sweet price!
Ref.1 Bitcoin analysis about HS structure and bear bottom.
BTC will history repeat?1D time frame
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According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days.
Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered.
Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot!
Accurate Bitcoin analysis about top structure and bear bottom.
Bitcoin PRZ analysis of Harmonic pattern.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Im waiting for decreasing in 21-19k zone, then trend reversal.
Good luck everyone!
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Open to any questions and suggestions
BTCUSDT final leg down short?Is it time for BTC to go down? Is this the start of a possible 5th wave?
This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC reached TP1 for Anti Bat pattern. More on this, that is, in more detail the next day or two, when I have a little more time (and until then, if the bulls want to, I can disable this idea)
BTCUSDT at resistance, likely to head down to 27066-27166The previous long trade did not work out as the price fell below the support we were expecting to hold the price. Now the price has come up to test that support area which is now acting as resistance. The price may move further down to the 4h support 4HS1.
BTCUSDT - D1BTCUSDT
There are changes since the last review; on H4 the price managed to gain a foothold at the level of 27165. On D1 you can see the implementation of the 3rd wave from the local maximum, which could lead to a further fall inside the sideways range with targets up to 24900
Locally, you can consider sales from these levels (27150 - 27000).
What can you expect?
You can consider entering from current levels. It is better not to take increased risks, in order to avoid a false breakout if the price does not continue its local downward movement. Local goals that we can achieve in the near future: 26,000.
Targets 26640 - 26350 - 26000
BTC excellent short entry 29k12h time frame
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Bitcoin dumps 1.5% today, and many people think the huge dump is coming. However, if we take a look at the uptrend since 24901 on 12th Sep, this uptrend line has not been broken yet which means Bitcoin is still on the upward way. Combining with 0.618 Fibonacci Projection, there is a structural support around 27000~27300. Therefore, we can set up a trading plan once Bitcoin reach and get support at that zone, and target is 29000~29500, also the excellent entry to open short as we pointed out in previous Bitcoin two analysis: the critical pattern-Head and Shoulders(ref.1) and PRZ of Harmonic pattern(ref.2). Both targets are 18500~15800.
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ref.1 Head and Shouders
ref.2 Harmonic pattern