BTC Butterfly Pattern (entry 29100)4h time frame
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Bitcoin is approaching the falling trendline which Ethereum already broke out, so we can predict Bitcoin tend to go upside in near future. Also, Bitcoin is creating a potential bearish harmonic pattern_butterfly, which utilize 1.272 Fibonacci Projection to estimate PRZ at 28900~29100. Further, combining our previous analysis of potential Head and Shoulders structure, the top of right shoulder might appear at the range 29150~29500. Therefore, once Bitcoin maintain this pumping momentum and go into this zone, we can observe whether reversal PA appear, then it could be the best short entry before this bear bottom.
Btcusdtshort
BTC - H&S Pattern point $25K Short TermHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and weak price action on BTC indicates that sellers are dominating the short term, with a nasty Head and Shoulders pattern showing up in the 4h.
Shorting Bitcoin can be tempting, especially when prices are actively moving. However, acting on impulse without a plan leads to reckless gambling more often than not. Savvy traders wait patiently for ideal opportunities with defined risk-reward ratios. Also, the risk-reward setup isn't ideal for a leveraged position right on BTCUSDT.
BTC grabs attention when it moves, but plenty of other assets offer worthwhile trading opportunities. Expand your watchlist across stocks, forex, commodities, indexes, and more. Evaluate which markets are exhibiting solid technical setups right now. Don't feel pressured to trade BTC just because it's moving. Sometimes the best trade is no trade if conditions aren't ideal. There are other opportunities with better risk-reward setups than Bitcoin.
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BTC 2 scenarios about short & long2h time frame
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(1)Head and Shoulders
On the left chart, Bitcoin made a potential HS as our previous analysis. Currently Bitcoin broke the neckline at 26378 and is going to retest it, if get rejection at 26378 again and broke below 25990, Bitcoin will finish the retest of HS structure, and target is 25270.
(2) Falling wedge
On the right chart, Bitcoin is creating a potential wedge, which could be regarded as the continuation structure of the pump wave(24853~27485). Bitcoin might make a lower low at 25800 to reach the wedge bottom again, where is also the Fibonacci retracement 0.382. Therefore, we can keep an eye on that range to open long, if Bitcoin get rid of this falling wedge, target is 27484~27827 first.
BTCUSDTIn this part of the chart in the 4-hour time frame, we see one of the most powerful ICT concepts called PO3.
POWER OF THREE consists of three parts:
Consolidation
In this section, we see the price range, which causes the formation of liquidity at the top and bottom of this range
Manipulation
In this section, we see a fake but strong move out of the range section, which grab liquidity at the top or bottom of the range, and then returns to the range with the same strength.
Expansion
In this section, we will see the main movement of the market in the opposite direction of the previous fake movement. But before the start of the main movement, we will often see the price return to the broken line of the range and points that are of interest to market makers, such as FVG or order blocks.
In this section of BINANCE:BTCUSDT price action, we clearly see all these three upper sections.
First, Consolidation
Then Manipulation , which was accompanied by a news, and caused Sharpe move above the range line and immediately Sharpe move into the range.
And now we have to wait for the expansion movement. A pullback to the range line and probably to the FVG indicated in the chart and then the start of the main trend towards the targets indicated in the chart.
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BTC create small Head and Shoulders 2h time frame
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There are two resistance zones Bitcoin reached recently.
1st at 26650~26850, 2nd at 27450~27800. Standard strong pump should turn the 1st zone into support after breaking up. However, we can see Bitcoin just went down through 26650~26850. This trend implies weak sign on market. Therefore, if Bitcoin takes more time to create a consolidation structure between 26350~26930, a Head and Shoulders will be following.
TP: 25824~25694 / 25271
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
As we specified in the previous analysis, Bitcoin's movements were limited in the green structure that was specified in the previous analytical idea. For this reason, the price started to fall from the level of 28 thousand dollars and could not stabilize at higher levels. Why?
Because at that time there was no catalyst to stabilize the price. I expected the price to receive this catalyst after reaching the September 1-3 time zone, but the sentiment remains negative for Bitcoin.
In this week, bitcoin price continues to move in an ascending channel (in yellow).
The news around Bitcoin makes it more likely that the Bitcoin ETF will be approved.
As the probability of ETF approval increases, the green path and the bullish scenario will strengthen.
On the other side, if the price breaks the yellow channel from the bottom and behaves indifferent to the red fork structure, 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 $23,000 level, 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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BTCUSDT - AnalysisBTCUSDT
W1 - The price is trading in the channel - 31830 - 24860. The most likely scenario is that the price may remain in the channel in the near future, and we can expect the price to move to the level of 31830.
To determine the exit from the channel and the possible start of continued movement:
Long – consolidation and retest of level 31830. Further upward movement to levels 45880 – 68680.
Short - consolidation and retest of the level of 34860. Further movement down to the levels of 19500 - 15470.
What can you expect?
Movements within the channel - with targets 28110 - 30880
Long
Targets - 27300 - 28110 - 28930
Long-term perspective – targets 28110 – 28930 – 30880.
BTC potential reversal zone 29.5k12h time frame
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According to previous analysis, Bitcoin made a false breakout(or stop hunting) again.
This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024.
If we take a step back, there is a potential harmonic pattern(shark structure), its D point(PRZ) is aligned with Fibonacci retracement 0.382(as we analyzed before). Therefore, if Bitcoin can maintain this pump, it might reach the end at around 29500.
Entry: 29500
TP: 18000~20000
SL: 30500
🚨Bitcoin Fall after the failure of the Uptrend line🚨⏰(1-Hour)⏰✅Bitcoin managed to break the Uptrend line a few minutes ago.
🌊According to the theory of Elliott waves , Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴 Resistance zone($27,000-$26,350) 🔴 and near the 🟣Yearly Pivot Point($26,719))🟣 .
🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯 Target 🎯 I specified in the chart.
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🌐➕ Positive News ➕🌐:
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients.
North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
🌐➖ Negative News ➖🌐:
Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins.
Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex.
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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Bitcoin - Nobody expects such a move.3 month liquidity hited. Level 31730.
6 month liquidity hited. Level 31730.
these levels also coincide with the fibonacci level. this is the seller's discount zone 0.5%
What is interesting is that the monthly high was also taken out, by the previous maximum.
There is still a gap below that needs to be covered.
Nobody expects such a move.
Recently, miners have put bitcoins on exchanges to hedge, I don't know how to find this information correctly.
There is no greed in the market, but there is some liveliness of the market, I started to hear a lot about 32 35 40 thousand dollars for bitcoin from some young analysts.
These are all thoughts in the ear, if you have an alternative opinion, please write.
📊#BTC Death Cross is about to flash!🆘📉
‼️Dumping is not far away from us. This is not alarmist, because it is the general trend.
Before making a specific analysis, we need to first understand an event that we should pay attention to in the future:👇
On October 17, the SEC will review 5 BTC spot ETFs again. Regardless of the outcome, the market will experience wild swings, so use necessary risk management.⚠️
🧠Now that the event driving factors are in place, let’s analyze them based on the event expectations.
Then I opened the EMA technical indicator and simulated its possible trajectory, and made a surprising discovery: the death cross is about to appear! ! !
✔️We all know that technical indicators are delayed. When the death cross occurs, we may have missed the entire market opportunity.
In addition, we have been consolidating here for a long time. BTC is likely to break the wedge structure and start falling before the 17th.📉
let us see👀
BTC makes False-breakout again1h time frame
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This market got a comparable big dump yesterday, then BTC creates a false-breakout at 25000 such like the scenario occurred on June 23rd.
The Price Action increases the possibility about right shoulder pattern, which top is around 28350~29150.
We are still under the downtrend on higher time frame, so avoid putting lots margin on long, better to find opportunity to open short!
BTCUSD 4H (Pivot Price: 25612)BITCOIN
stabilizing above 25982 will support rising to touch 26753 then 27416 then 28326
stabilizing under 25612 will support falling to touch 25303 the 24656
Pivot Price: 25612
Resistance prices: 26753 & 27416 & 28326
Support prices: 25303 & 24656 & 24039
timeframe: 4H
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📊#BTC fell below the wedge-shaped support line again.dump!!!
🧠While I expect BTC to hold the support line, there are too many bears. Through the data on the chain, we can see that a large number of BTC and ETH have poured into exchanges in recent days and are waiting to be sold, so we need to be extra cautious.
Whether the $25,000 can be hold is also critical, if not, then there is likely to be a huge dump and sweep LL
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BTC Hits New Support Level at $24800Introduction:
In the ever-volatile world of cryptocurrency, Bitcoin (BTC) has recently encountered a significant shift as it reached a new support level at $24800. This sudden development has raised concerns among traders, prompting a need for caution and careful evaluation of the market conditions. In this article, we will delve into the implications of this support level and emphasize the importance of waiting for clarity before resuming Bitcoin trading.
The Importance of Support Levels:
Support levels play a crucial role in technical analysis, indicating a price point at which an asset is expected to find buying interest and reverse its downtrend. They act as a safety net, preventing prices from plummeting further. The recent establishment of a support level at $24800 for Bitcoin suggests a potential stabilization in its value. However, it is essential to remember that these levels are not guarantees but indications of possible reversals.
The Concerning Tone:
Traders, we find ourselves in uncertain times. The cryptocurrency market has always been known for its volatility, and the recent developments surrounding Bitcoin only add to the confusion. As we navigate through uncharted waters, it is crucial to approach this situation with a concerned tone. Instead of hastily jumping into trades, we must exercise patience and wait for clarity to emerge.
Why Pause Bitcoin Trading?
Given the current circumstances, it is prudent to pause Bitcoin trading until we understand the market's direction. Here are a few reasons to consider:
1. Market Sentiment: Establishing a support level at $24800 is a positive sign but does not guarantee an immediate upward trend. Assessing market sentiment and observing traders' reactions to this new support level is crucial before making any hasty decisions.
2. Volatility and Risk: Bitcoin's recent volatility has left many traders on edge. Sudden price swings can result in significant losses if not approached with caution. We can minimize the risks associated with uncertain market conditions by pausing trading.
3. Clarity is Key: Waiting for clarity is essential to make informed trading decisions. It allows us to evaluate the market trends, monitor price movements, and analyze the impact of external factors that may influence Bitcoin's trajectory. We can avoid impulsive actions driven by fear or uncertainty by exercising patience.
The Call to Action:
Traders, in these uncertain times, must prioritize caution and prudence. It is crucial to continue pausing Bitcoin trading until clarity emerges and a clear upward trend is established. By doing so, we can mitigate potential risks and make informed decisions based on market stability.
Remember, the cryptocurrency market is highly unpredictable, and impulsive actions can lead to significant losses. Take this opportunity to educate yourself, stay updated with market news, and seek guidance from trusted sources. Together, we can navigate this challenging period and position ourselves for success when the market stabilizes.
In conclusion, let us exercise patience and restraint until the market provides a more straightforward path. We can make informed decisions and protect ourselves from unnecessary risks by waiting for clarity to show a definitive upward trend. Stay informed, stay cautious, and most importantly, stay resilient.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research and consult a professional before making investment decisions.
Bitcoin Reaches Close to Death CrossI write to you with a cautious tone as a significant development is occuring in the Bitcoin market: the dreaded "death cross."
As many of you may already know, the death cross is a technical pattern that occurs when an asset's short-term moving average crosses its long-term moving average. In simpler terms, it signifies a potential shift in market sentiment from bullish to bearish. Unfortunately, our beloved Bitcoin has just experienced this ominous event.
While it is crucial to acknowledge that technical analysis is not always an accurate predictor of future price movements, the death cross has historically been associated with increased selling pressure and a potential downtrend. This pattern has caused concern among traders, prompting us to take a momentary step back and reevaluate our strategies.
Considering this development, I encourage you to exercise caution and consider pausing Bitcoin trading. It is essential to reassess your risk tolerance, evaluate your investment goals, and diversify your portfolio to mitigate potential losses. Remember, preserving capital is just as important as generating profits.
As seasoned traders, we understand the allure of cryptocurrencies and the potential for significant returns. However, it is crucial to remember that the market is highly volatile and subject to rapid changes. Taking a momentary pause to analyze the situation and gather more information can be wise.
I urge you to stay informed about the latest market trends, news, and expert opinions. Consult financial advisors or trusted sources to gain insights and make informed decisions. Remember, knowledge is power in the world of trading.
While feeling uncertain during such times is natural, it is also important to remain level-headed and disciplined. As the saying goes, "The market is always right." By exercising caution and adapting our strategies accordingly, we can navigate through these challenging times and position ourselves for future opportunities.
In conclusion, I encourage you to pause Bitcoin trading, reevaluate your approach, and gather more information before making any hasty decisions. Let's take this moment to reflect, learn, and adapt our strategies to the current market conditions. Together, we can navigate these uncertain times and emerge stronger.
BTCUSD US Federal & 4H (Pivot Price: 27293)BTCUSD
US Federal
The Federal Reserve this month stepped up scrutiny of banks' involvement in cryptocurrency assets, in the latest move by US regulators to curb activity in the US crypto industry.
The US Federal Reserve said that it has put in place a program to strengthen oversight of the activities of the banks it supervises, which are engaged in providing services related to digital assets and the crypto industry.
stabilizing above 27293 will support rising to touch 28287 then 29064 then 29840
stabilizing under 27293 will support falling to touch 26003 the 24694
Pivot Price: 27293
Resistance prices: 28287 & 29064 & 29840
Support prices: 26003 & 24694 & 23324
timeframe: 4H
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Bitcoin this bear bottom 15k~18k12h time frame
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Creating a completed top structure like HS can provide more momentum to future dump.
Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS.
Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future.
Also, in order to liquidate as much long positions as possible before 2024 halving, the neckline at 25200 need to be broken, then a huge dump following based on HS structure, its final target 18500~15800, which is also the great and sweet range to buy Bitcoin!
🔻 BTCUSDT 🔻 SHORT - Local on 01/09BTC 1-hour Chart - BINANCE:BTCUSDT COINBASE:BTCUSDT BINANCE:BTCUSDT.P KRAKEN:BTCUSDT
The global targets I previously mentioned are currently being confirmed, and BTC has executed a bearish manipulation towards the 27500 targets.
Locally, after an impulsive downward movement, liquidity was removed, and we observed a rebound.
Subsequently, the market entered a small range.
I anticipate the removal of liquidity on both sides of the range, rebalancing, and further downward movement towards the primary targets.
I've identified local targets that could lead to corrective movement.
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