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Btcanalysis

Is BTC Really Bullish?Upward return movements can be considered substructure. A range is forming for BTC, we are near the premium of this range. We can consider the purpose of this substructure to sweep the liquidity pools on the top of the chart (which we specified with $$$). We can expect a drop to the specified levels by sweeping one or both liquidity pools above the chart. Closing a candlestick above the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
Bitcoin will Fill the CME Gap!!!Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓ According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to go down at least up to the Support line and the CME Gap($66,350-$65,835) . 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.
Short
by pejman_zwin
37
Bitcoin is Ready to Attack to Heavy Resistance zoneBitcoin moved as I expected in yesterday's post and managed to break the descending channel and Resistance zone($65,500-$64,850) . According to Elliott's wave theory, Bitcoin is completing the main wave 5 . I expect Bitcoin to start rising again after the minor correction and attack the Heavy Resistance zone($67,930-$66,160) . Do you think Bitcoin will break the Heavy Resistance zone($67,930-$66,160)❗️❓ 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.
Long
by pejman_zwin
26
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts . Bitcoin is currently moving in the Support zone($63,410-$62,280) . According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days. According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end . I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) . 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.
Long
by pejman_zwin
18
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines . I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line . 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.
Short
by pejman_zwin
33
BTCUSDT.1DIn my rigorous analysis of the BTC/USDT daily chart, I explore various technical dimensions that help in shaping an effective trading strategy. Current Market Position: The price of BTC/USDT is currently at $64,002, reflecting a 1.60% decrease in the latest session. This movement indicates significant volatility and necessitates an in-depth technical examination to predict future directions. Trend Analysis: BTC has shown some consolidation after a bullish run, evident from the trading range defined by several key resistance and support levels. The recent price behavior suggests a struggle between bears and bulls to establish control. Support and Resistance Levels: S1 at $58,923.16 and S2 at $53,398.13: These support levels are crucial. A break below S1 could indicate a bearish downturn towards S2, whereas stability or a bounce at S1 might suggest continued consolidation or an upward reversal. R1 at $67,571.03 and R2 at $74,056.94: R1 is the immediate resistance, with R2 providing a higher target in case of a bullish breakout. Surpassing R1 would potentially open the way for a test of R2, signaling strong bullish momentum. Technical Indicators: Relative Strength Index (RSI): The RSI at 58.25 shows that BTC is neither overbought nor oversold, hovering near the midpoint. This suggests a potential for either direction, depending on market forces and upcoming news or economic data. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but shows signs of converging. This could indicate a weakening bullish momentum or a potential bearish crossover if the trend continues. Strategic Trading Insights: Given the current market setup, my strategy would involve a balanced approach. I would closely monitor the price action near the support level of S1 ($58,923.16). Holding above this level might offer a buying opportunity, anticipating a potential test of R1 ($67,571.03). Conversely, a breakdown below S1 would warrant caution, potentially adjusting positions to prepare for a further slide towards S2. For entry, I'd consider a long position if there's a clear bounce from S1 with adequate volume support, setting a stop-loss just below S1 to mitigate risks. On the flip side, should the price break below S1 convincingly, I'd explore short positions, targeting S2 while maintaining a tight stop above the broken support. Conclusion: The BTC/USDT trading pair presents a complex scenario with significant levels at S1 and R1 likely to dictate the short-term market trend. Traders should stay alert to these pivotal levels and adjust their strategies based on solid technical signals and market dynamics. Implementing stringent risk management and keeping abreast of market news are imperative to navigate the anticipated volatility effectively.
Short
by MarsSignals
Bitcoin Need Correction!!!==>>15-min time frameBitcoin started to rise after the German government finished selling Bitcoin , and what happened to Trump . Bitcoin is currently in the Resistance zone($64,420-$62,700) and near the 21_SMA(Weekly) . According to the theory of Elliot waves , it seems that five waves have been completed and we should wait for corrective waves . I expect Bitcoin to fall to at least $61,780 . 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.
Short
by pejman_zwin
16
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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
Bitcoin Roadmap==>>1-hour time frameThese past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations . Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback . In terms of Classical Technical Analysis , it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern ( A symmetrical triangle is usually a continuation pattern ). Regarding Elliott's wave theory , Bitcoin seems to have finished the Double Three Correction(WXY) . I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage . 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.
Short
by pejman_zwin
14
BTC Analysis | Bearish Trend and Key Support Levels 1D TFIn the last major rally, BTC needed approximately $522 billion to drive a 51% surge. Data from Feb 5 to Mar 4, 2024, highlights the substantial capital influx required for such a rise. Given current market dynamics, the availability of similar liquidity to ignite another significant price jump seems unlikely. 1D TF highlights a key support level around $ 53K ~ $ 50.5K. This range is crucial to monitor before expecting further price drops. Additionally, there's a strong resistance zone at $60K ~ $65K. Bitcoin is likely to test the $ 65K resistance level before resuming its decline. 🔴 Still Keeping My Bear Stance 🧸 I’m waiting for the Price RANGE of $ 30K ~ $ 25K to open a LONG Position. Disclaimer: NFA ➖ DYOR 🧠 💡 Open for discussion on this analysis 💬
COINBASE:BTCUSD
by TeddyVizion
BTC GOING TO 42000It's humorous to say that whales love this movement... When a TP is hit, they push the target upwards and create a reverse head and shoulders, then they create a normal head and shoulders pattern again and start the decline despite the market being completely negative. They are all based on the double top formation without the need for all this artificial drama. The target on the weekly and daily timeframes is between 52,535 to 50,780, and after that, hitting the weekly trendline will occur and it will be swiftly propelled upwards... Although my overall belief is that the main downward target will be the nearest and strongest Ichimoku cloud, which is at 42... In the first stage, a beautiful triangle must be broken, and the Fibonacci 1.272 in the uptrend must be touched, then the next stages will be accessible.
by khosrooparviz
BTCUSDT.1DAnalyzing the BTC/USDT chart, it's evident that Bitcoin is at a crucial juncture in its trading pattern. The price of Bitcoin, currently around $57,135.99, lies just above the critical support level at $56,715.39 (S1). This level is significant because it has acted as both support and resistance in the past, indicating its importance in the market's sentiment towards Bitcoin. Looking at the resistance levels, the first major resistance (R1) lies at $67,308.93. This level would be key for any bullish reversal or continuation patterns. Overcoming this resistance could potentially lead to testing higher levels, which might bring the price closer to its previous highs. The RSI at 34.75 suggests that the market is nearing oversold conditions, which might attract buyers looking for value in anticipation of a potential price increase. The MACD, currently below the signal line, indicates bearish momentum, although the histogram shows a slight reduction in downward momentum. Conclusion: Given Bitcoin's position near the support level of $56,715.39, this could be an opportune moment for me to consider entering a position if I believe in a bullish scenario for the short to medium term. I will closely monitor this level for any signs of stability or a bounce, which could suggest a potential reversal. A stop-loss slightly below this support would be prudent to minimize potential losses should the downtrend continue. Conversely, should the price break below this support convincingly, it could indicate further declines, potentially making it a good point to either exit positions or wait for more favorable buying opportunities at lower levels. Additionally, any move above the R1 at $67,308.93 would necessitate reassessing the bullish scenario and possibly adjusting targets to higher resistance levels. As always, integrating this technical analysis with broader market news and sentiment is crucial to fully inform any trading decisions.
Long
by MarsSignals
BTC ROADMAP (1W)From the place we entered on the chart "start" the correction of the big degree of BTC has started. The correction seems to be a triangle pattern. Wave D doesn't seem to be over yet. From the range of 50K-48K, we will have a good rejection to the top, but it seems that the range of completion of the drop is the range of 33K-30K. In this range, wave E of our triangle, which is the last wave, can end. The target of bullish movement will be above ATH. 90K-100K channel can be target. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
KRAKEN:BTCUSD
by behdark
11
Crypto Market Insights: Bitcoin.D and Bitcoin Price PredictionUnderstanding Bitcoin Dominance: Bitcoin dominance is crucial for understanding the broader crypto market, identifying potential growth projects, and making informed decisions to balance your crypto portfolio. BTC.D is approaching a significant resistance level of 57.42, which we expect to hit by October or November. Following this, a potential downtrend in BTC.D is anticipated. Bitcoin Key Levels and Market Reactions: Bitcoin has a strong support level at $53,400. If this support breaks, we might see BTC dominance around 57.42. Historically, when BTC dominance rises, Bitcoin's price tends to fall, and vice versa. The resistance zone at 57.42 has not been hit yet, but it is expected to by September. We foresee Bitcoin's price hovering between 52K and 48K, leading to a significant movement. A bullish market is likely to start after November, with increased volatility expected in Q4 2024. Bitcoin Bull Market Projections: Based on historical data and calculations, Bitcoin's bull run targets a minimum of $253,623. If Bitcoin flips this resistance by February 2025, we could see a maximum target of $275,780. Past bull runs in 2013, 2017, and 2021 saw unexpected price pumps, and similar volatility is expected this time. It's crucial to keep trades active while monitoring resistance zones, with a strategic exit from long positions by March or November 2025. As we anticipate these market movements, staying informed and prepared is key. By understanding and acting on these insights, you can navigate the crypto market more effectively. Remember, each bull market brings its own set of opportunities and challenges. For more in-depth analysis and to stay updated with our latest trading ideas, follow us on TradingView. Gain valuable insights and make informed trading decisions with our expert analysis.
CRYPTOCAP:BTC.DLong
by Houseofcryptokings