Bitcoin Analysis==>>15-minute time frameAfter breaking the lower line of the Leading Diagonal , Bitcoin confirmed the completion of this pattern yesterday.
Today, I analyzed Bitcoin for you in 15-minute time frame .
According to the Elliott wave theory , Bitcoin seems to have completed the Zigzag Correction near the lower line of the Leading Diagonal ( pullback completion ).
I expect Bitcoin to go DOWN to the Targets specified in the chart in the coming hours.
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.
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Btc-bitcoin
BITCOIN - Price can almost reach resistance level and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price bounced from resistance level and later rose a little, after which started to decline in wedge.
In wedge, price at once broke $61500 level and fell until to support line of wedge, breaking $55800 level too.
But soon, price turned around and bounced up from support line, higher than $55800 level, breaking it again.
Then BTC made correction to support line, after which bounced and in a short time rose to resistance line of wedge.
Soon, price broke this line, thereby exiting from wedge pattern and continuing to move up to resistance level.
Now, I think that BTC can almost reach resistance level and then start to decline to $57000
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Bitcoin can decline a little more and then start rise in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago entered to upward channel, where it at once bounced from the support line and broke the 60500 level, which coincided with the seller zone and continued to move up in the channel. In the channel, the price rose to the resistance line and then made a correction to the support line, after which rebounded and in a short time rose to the resistance line of the channel back. Then BTC turned around and quickly declined to the resistance level, thereby exiting from the upward channel and soon broke the 60500 level also. After this movement, the price dropped lower than the buyer zone, which coincided with the 55300 level, but soon turned around and started to grow inside another upward channel. In this channel, the price soon broke the 55300 level again and then reached the resistance line of the channel, but a few moments ago, BTC turned around and started to fall. At the moment, prices continue to decline in the upward channel, so, in my opinion, Bitcoin can almost fall to the support line of the channel. After this, the price can turn around and start to rise to the resistance level, which coincides with the resistance line of the upward channel. For this case, my TP is 60500 level. Please share this idea with your friends and click Boost 🚀
Quick Analysis on Early signs of $BTC CapitulationJust a hunch on $BTC.
We bought ETF's on this last dip. IBKR only allows 10% crypto.
May begin buying spot again as we sold close to top.
First an explanation on a 4Hr #BTC chart broken down into 3 phases
(Letters A - C)
A
The descending arrow shows $ Flow weakening. There were huge buys but sells were eating it up. That was a RED FLAG. We spoke about divergence and lessening buy volume for DAYS! Few warnings.
It was eventually followed by #bitcoin selling pressure.
-------
B
$ Flow indicator is a laggard, we keep eyes on an investment's volume on our own, visual. In this case we're looking at the #Bitcoin volume.
CRYPTOCAP:BTC had some buying but sells kept coming in.
These were likely sellouts from leverage & shorts.
Wont comment on Germany as spot #BTC is still irrelevant.
($ Flow was fine for spot and nowhere near as bad as futures, but CRYPTOCAP:BTC kept going down. Not sure what needs to be shown for people to realize that spot is IRRELEVANT until some time in the future.)
-------
C
2nd CRYPTOCAP:BTC phase is almost done.
Buys coming in and the sells are not as strong anymore.
It needs a lil more time but #BTC MAY/COULD be capitulating.
It holds 52kish weekly & monthly and we could see something nice. See the chart on #GOLD for the Cup and Handle breakout.
Have a great weekend!!!
(pls see profile for more info)
Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price.
In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart.
Note: If Bitcoin can go above $62,000, the scenario will change.
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 Simple Strategy- The strategy is simple :
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- Buy when TOP.
- Sell when BOTTOM. 😂
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- Hope u got the Joke.
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- Everything is in graph.
- No matter how dip TheKing will go, don't be greedy.
- When they speak Bitcoin is Dead. the bottom is near.
- Focus on the long term.
- Fortune favors the Bold!
Happy Tr4Ding!
$BTC Bitcoin is out of Range...$Bitcoin price action has lost it's range!
Current price: 57100
Previously
#BTC continued to find rejection around the 71500 resistance and also established support around the 60600 area - Bitcoin's established RANGE is between 60600 - 71500
Currently bitcoin has lost that range and has committed a lower low. Meaning that a trend shift has occurred and. price action has begun a downtrend!
BTC Down Supports: 54500, 52200, 49700
$BTC may do something like this#bitcoin #btc is still moving in the ascending channel after recent dump. Ascending channels more often confirms the down trend continuation but rarely results trend reversal. I may expect movement like this while P.A. is still bearish.
Invalidation: If #btcusd breaks out channel permanently.
Not financial advice. DYOR.
Ethereum On A 7 Year Old Support! Is This The Bottom?Now that crypto has been trading bearish for weeks, there might be a light at the end of this dark tunnel.
Ethereum has seemingly found support on a 7-year old support line, which originated late 2016 when ETH was still trading around 7$.
As seen on the chart, the support line has also signaled a pump back in September of 2023.
If this support holds, it might be the last time that ETH will be trading at 3,000$ forever. On the other hand, if BTC will continue to fall, ETH will likely follow.
It remains to be seen whether ETH bulls can keep the BTC bears in check. I'd say it's more likely that ETH will fall through this support in the near future than not. Nevertheless, ETH is trading at a very interesting place for bullish traders.
BITCOIN vs VIX. This is why it will rally!We usually consult the Volatility Index (VIX) when attempting to project movements on stock indices. But as recent price actions reveals, it can work equally well on predicting the trend on Bitcoin (BTCUSD).
Take BTC's Channel Up for example on the 1W time-frame. VIX (black trend-line) has started a consolidation phase (green ellipse) following a strong decline in mid-April to mid-May. Since the November 2022 market bottom, VIX posts this consolidation pattern before it typically rallies.
That is technically not just some rally but the Bullish Leg of this long-term Channel Up formation. As a result, with VIX consolidating, it could only be a matter of time before Bitcoin starts the new rally to new All Time Highs.
What do you think? Feel free to let us know in the comments section below!
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BTC discount today sponsored by German GovernmentHi guys.
This is an update for a longer term LONG position I am building from these levels.
We had a German Government dumping 12k BTC on the market and re-visited 55k area .
This selloff was absorbed by market .
German Government has 23.7k BTC left in their wallet down from 50k .
Bitcoin Downtrend Confirmed: What's Next?Bitcoin has been falling off hard over the last couple of days. While we're currently trading almost 10% above the 53.4k lows, the downtrend has been established and BTC bulls are losing the fight in the short-term.
In my view, BTC has confirmed a longer-term downtrend by making a lower-low (56.7k was the previous low, blue line) and by falling through the 200-day SMA.
Yes, I can see us bounce a bit further because of indicators being very oversold, but I'm not expecting a new all-time high anytime soon.
My current most likely scenario is a move towards the dotted purple support over the next 2-3 months and a bullish reversal in Q4.
How do you seen BTC perform? Share your thoughts.
TON → Is the coin still bullish? When is $10.00?OKX:TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure.
Demonstration of a bullish structure. Continuation of upward movement on W1
Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement.
Conditions under which the upward movement and positive structure will be broken
Resistance levels: 7.671, 8.288
Support levels: 6.727, 6.202
Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up.
Regards R. Linda!
BTC PA Model- i usually don't speak much when i don't see anything.
- Right now we can just speculate on some scenarios.
- so you can just imagine those scenarios with the figure i drew ( ending Diamond )
- you can notice some H&S and a big inversed H&S in the middle of graph.
- BTC volatily is still low ( around 15ish)
- i didn't find any convincing divergences yet.
- The PA range have been respected almost perfectly.
- it seems like a consolidation between 60 to 70k+.
- BTC tried to break 70k++, 5 Times exactly.
- Soon or later a breakout will happen ( next could be 85k$ ish )
- Halving is still young and the decoupling not yet started.
- if we dip under 60k.
- 50k is next small support.
- 40k is a strong support.
- very simple.
- There's a time for trading and a time for waiting.
Happy Tr4Ding!
BTCUSD long from the very bottom of the range - RISK ON signs!Hi.
I just opened a long on BTCUSD pair because I am seeing some signs of risk-on evironment.
Bitcoin did a beautiful correction to the very bottom of H1/H4 range and produced a small Change of Character (CHoCH) on 5m timeframe.
For me it's worth a risk.
Stop loss up to you, mine is around 65k (this still can get swept before real move).
BE CAUTIOUS OF NEWS TOMORROW (CPI AND INTEREST RATE DECISION), however, as markets are great at predicting the future, and I learned to play the chart, so far this trade is worth a risk in my eyes.
Keeping an eye to start breaking 67.3k+ for more confluence so I might add more.
Stay safe and good luck!
BITCOIN - Price can reach resistance area and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where it at once bounced from resistance line and fell to $66200 level.
After this, price backed up to resistance line, after which in a short time fell lower than $66200 level, breaking it.
BTC some time traded near this level and later declined to support line of channel, which coincided with $59000 level.
Then price bounced up and tried to grow, but some time later it turned around and made downward impulse.
Price broke $59000 level and a not long time ago exited from falling channel, after which it started to grow.
Now, I think Bitcoin can reach resistance area and then turn around and start to decline to $52000
If this post is useful to you, you can support me with like/boost and advice in comments❤️