Btcusdtshort
BTCUSDT likely to head to 4h support around 41200-41700The price is trading inside monthly resistance and experiencing the expected push back. The price action is suggesting that we might be looking for a visit to the 4h support zone which sitting around 41200-41700. That support level should provice a bounce for another attempt at the monthly resistance but it is difficult to say if that bounce will have enough strength to break it. We will evaluate once the price in case reaches 4h support and bounces from there.
BTCUSDT on monthly resistanceLast we discussed the price action in october and we talked about the bounce from weekly liquidity zone offering maximum opportunity on the long side. The price action indeed was in agreement with that proposition. The price moved very steep move to the upside since then. It has now hit the monthly resistance where it is taking a respite. I believe the price will pause here probably after another push to the upside and experience some pullback before breaking this resistance. At first a pullback to the zone 41200-41700 cant be ruled out. There will be some long and short opportunity on lower time frames which I will share separately as I will take those trades.
You've been warned!Expect the peak around 48k-60k in the month of February. I would exit all positions there. While everyone is expecting BTC to go to 100k or 500k and others believing that we will bottom around 12k; we will dump much further. They will be talking about this moment for years to come!
BTCUSDT Sells Incoming. Hang tightAs BTC approaches the 44-46k levels, we are entering higher timeframe resistance.
Also, there isn't anything on fundamentals that explains the push logically.
Prepare for liquidity grab. Possibly a wick up to 50k and a massive long candle down to 33k, giving nice clean traffic for the clear path up to 90k
🚨Bitcoin is Ready for Correction🚨✅Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again ( MicroStrategy helped in this movement by buying $600 million of Bitcoin).
📚The Ending Diagonal Pattern ( Elliot's point of view) is the same as the Rising Wedge Pattern ( Classical Analysis point of view).
🌊According to the theory of Elliott waves , Bitcoin is at the end of the main wave 3, so to complete this wave, microwave 5 of the main wave 3 had an Ending Diagonal structure.
💡In my opinion, the Ending Diagonal Pattern is standard so that the Fibonacci ratios are consistent with this pattern, as well as Regular Divergence(RD-) between Consecutive Peaks .
🔔I expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to 🟢 Support zone($36,000_$35,280) 🟢 or maybe Fill the lower 🔵 CME Gaps 🔵.
❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change.
❗️⚠️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.
🚧Bitcoin Can Drop by Rising Wedge Pattern🚧🏃♂️Bitcoin re-entered the 🟡 Price Reversal Zone(PRZ) 🟡 and is currently moving in this zone.
📈If we look at the chart from the view of Classical Analysis , it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern .
🌊In terms of Elliott wave theory , Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
💡Also, we can see Regular Divergence(RD-) between Consecutive Peaks .( Volume )
🔔I expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the 🟢 Support
zone($36,000_$35,560) 🟢.
❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change.
❗️⚠️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 40 Or 34k? Btc/usdt
Bitcoin is currently trading around 38.1k, moving within a rising wedge on the 4-hour time frame. Possible scenarios include a potential rejection upon testing the upper resistance line of the rising wedge, leading the price towards the support line within the pattern. Alternatively, if the price surges and breaks above the upper resistance line, the pattern would be invalidated. Stay tuned for more updates.
Disclaimer: This information is provided solely as an idea and not intended as financial advice. It's advisable to conduct your own research before making any investment decisions.
BTCUSDT - D1\H4BTCUSDT
D1 - the price has been consolidating for more than a month in an ascending channel, which makes it possible to work only from the borders. A more likely outcome to consider buying is to wait for a correction from this channel to the levels 33200-31800
H4 - For purchases, you can consider entering from the border of the lower trend line to the upper one. The expectation for the instrument is downward, fixation behind the trend line is necessary, you can also wait for a retest. With a downward movement of the target, you can look to the level of 30868
What can you expect?
After fixing the lower boundary level, entry can be considered from the level values of 36166 - 35212. Cancel the idea, return to the channel 37890 - 38933.
Long
Targets 34555 - 33369 - 31800 - 30860
BTC retest to 27K, then a real BULL will hit the BEAR. Hi Traders,
I will keep it simple, this is not a reading course, just check the chart and understand.
Bearish signs
Weekly candles showing weakness after massive green candles, doji and little hammers appear at the top.
Stoch RSI is clearly representing us that there must be a decrease in price, but to what level?
That is why i use Ichimoku Cloud. Probably, we will staying between the red cloud, maybe reaching its bottom in the next 1-3 weeks, but then i assume it will keep increasing.
What about next year? well, ETF, BTC Halvening, XRP trial and so many more could appear.
Now who is holding BTC either a HODLer or a very great investor. Right now this is not a playground of people who don't understand the market as we saw in 2021 and before. When the price of BTC and everything start to increase, this again became a playground, and keep in mind that as always, there are more people who lose money here than who not, this is the nature of the market.
Share your ideas, and check my others.
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰💡For the umpteenth time, Bitcoin is trying to break the 🟡 Price Reversal Zone(PRZ) 🟡 and a cluster of important Resistances (Pivots) . But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel , to break this critical area.
🌊In terms of Elliott wave theory , Bitcoin seems to have completed its five-impulse wave at 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
⏰If we look at the 4-hour time frame , we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢 Support zone($36,000_$35,560) 🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡 Price Reversal Zone(PRZ) 🟡 to break .👇
🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢 Support zone($36,000_$35,560) 🟢 and Support lines .
❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡 Price Reversal Zone(PRZ) 🟡will be broken and my scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 is Ready to ⚔️Attack⚔️ to Support zone⏰(1-Hour)⏰✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡.
🏃♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago.
🌊According to Elliott's wave theory , all the waves inside the ascending channel formed a Double Three Correction(WXY) .
💡As in my previous post, Bitcoin still has a chance to fill the first 🔵CME Gaps🔵.
🔔I expect Bitcoin to gradually approach the 🟢 Support zone($36,000_$35,560) 🟢 and Support line(2) and eventually break them.
❗️⚠️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.