BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
Btcusdtlong
Bitcoin shows signs of exhaustion on D1 [short term].In the previous analysis, I recommended a Long position for Bitcoin, and it performed well initially. However, as time passed, the buying side exhibited decreasing strength, and the Bull momentum diminished significantly.
At present, at the very least, BTC needs to break through the previous high. Therefore, we should stick to the Bull trend in the short term.
In the medium term, there might be a strong Pullback within the weekly timeframe. This is not certain, and instead of speculating, we should wait for BTC to react to the previous high to assess the situation more objectively.
WHAT A WISE TRADER DO?
If you're holding a Long position : Move the stop loss to a safe point to preserve profits.
If you're holding a Short position : Uhm... set the stop loss carefully.
If you haven't done anything yet? Be cautous, but eyes on the Long position
........
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Bitcoin Analysis (↗️Long↗️/↘️Short↘️Position)🏃♂️After failing to break the Support line , Bitcoin started to rise and is currently moving in the 🟢 Support zone($42,780-$42,280) 🟢.
🌊In terms of Elliott waves , Bitcoin seems to be completing microwave 4 .
🌊The structure of microwave 4 is Double Three Correction(WXY) .
🔔I expect Bitcoin to rise to the upper areas of the 🔴 Resistance zone($43,720_$43,340) 🔴 and then start to decline again .
🧐 What was the reason for the growth of Bitcoin in the last 24 hours❗️❓
🔸 The first news of the receipt of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC, which made many people hope for the approval of Bitcoin ETFs.
🔸But receiving the file does not mean approval and it is part of the standard process of reviewing ETFs by the US Securities and Exchange Commission (SEC).
🔸The second positive news is the listing of ARK 21Shares spot ETF in DTCC broker, which has caused this positive news to affect Bitcoin.
❗️⚠️Note⚠️❗️: The scenario will change if Bitcoin can close a candle in the 4-hour time frame above the Master Candle.
❗️⚠️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 Roadmap🗺️👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy).
✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading volume was generally low .
🏃♂️Bitcoin is moving on Important Resistance lines , Monthly Resistance (3) . It is interesting to know that all previous stations were on monthly pivots in the last two to three days.
🌊According to Elliott's wave theory , Bitcoin is on its way to completing the main wave 5 .
🌊If we want to look more closely at the waves, Bitcoin is currently completing microwave 3 of the main wave 5 .
🌊 Microwave 4 of microwave 3 of main wave 5 can end on one of the 23.6%($42,730) and 38.2%($41,676) Fibonacci lines.
💡 On-chain data shows that many Bitcoins have been purchased in the range of $45,000 and that medium-term Bitcoin holders are at a loss until now. If the price reaches this area, it is possible that a large number of holders will want to sell their Bitcoins at Breakeven !
🔔I expect Bitcoin to make the first attack on the 🔴 Heavy Resistance zone($52,130-$45,840) 🔴 to complete microwave 3 of the main wave 5 . It is also likely that the first 🔵 CME Gap($40,325-$39,290) 🔵 will be filled after completing the main wave 5 .
📚There are at least 🔵6 CME Gaps🔵 that Bitcoin has not yet filled; generally, over 98% of these gaps have been filled in Bitcoin.
📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios that you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario.
❤️In the end, here is some advice for you as a little brother:
🔸 TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect .
🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment ; check their past, and the truth will be clear(These days they are hot).
🔸I hope we can use TradingView to increase our capital and knowledge .
❗️⚠️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.
BTCUSD H4 is going after the Liquidity and KEY Resistance!📉Hello Traders!
This is my perspective for BTCUSD H4. I see two key levels that most probably will be reached. The first one is Liquidity at the price of 39300. The second one is the resistance level from 38500, from this price I will look for a Long trade in case of confirmation.✅
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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BTC : RSI Macro-TREND Market Hack 😎Hi Traders, Investors and Speculators of Charts📈📉
As I've said before, I love the logarithmic view of BTC. It gives a clearer indication of price increases alongside growth. Although inflation and value factors aren't physically calculated into the price, seeing the upwards curve makes more sense from a "holistic view" that would include things such as growth and inflation.
A logarithmic chart view displays price changes as a percentage of the previous price. This means that equal vertical distances on the chart represent equal percentage changes, regardless of the absolute price level.
This is in contrast to a regular chart view, which displays price changes on an arithmetic scale. This means that equal vertical distances on the chart represent equal absolute price changes.
With help of technical indicator RSI, we can use the macro logarithmic together with the RSI as a sort of "roadmap" to identify the current dominant macro trend .
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
COINBASE:BTCUSD
BTC/USDT Looking BullishTRADE ALERT! BTC
Ticker: BTC/USDT
Entry:43800-43999
Take Profit: 45500-48000
Stop Loss: 40215
Risk to reward: 1:2
Technical Thesis:
Bitcoin is making an inverse head and shoulder pattern ( bullish)
For this bitcoin need to hold 42000$ level.
We have neckline around 44000$
Once price breaks neckline with good volume then target can be 45500$ to 48000$
#BTCUSDT: 48K Upcoming! Dear Traders,
BTCUSDT has been bullish ever since November, and it is likely to reach 48k area as price is extremely bullish at the moment. NFP will have significant impact on the price $BINANCE:BTCUSDT. We will keep you update as price move forward.
We are neutral here and coming days price can reach beyond 50k.
📈Bitcoin golden position for left behinds📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. Let's make it simple. I think:
Bitcoin will retest lower levels around 35k. (But the most important dynamic level is the weekly Bollinger midline.)
Then the targets for the next jump are 45k, 47k and then 50k.
Above these levels, the most important price resistance is around 52K and 55K.
I personally bought some bitcoin close to 40k and will keep buying until the price is above 35k. (As you can see, Bitcoin touched the mid-Bollinger line on the daily TF)
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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!
weekly TF Bulltard calleven though were at a strong resistance. i just want to come in with a historical approach on how btc behaves after a daily cross of the 21 and the 200 dma. last time we did it we rose about 700% give or take the entry at around roughly 345 days. if we were to do the same we would be at 150k btc by january. thats the call. thats the move.
$BTC bounce to $42-44k as final targetI haven't charted BTC since back in October, when I thought BTC could fall to $15.8k
. Turns out it hit that level and bounced.
I ended up buying that level and sold it at $17k for a quick profit because I was unclear of the direction going forward and I thought there was risk for BTC to fall to $12k, but it has since bounced higher.
Now the trend and the chart has become clearer to me and I think we're setup for a 1-4 month run from here to it's final target of $42-44k. Why that level?
Well I think most people think we can only go to $30k on this bounce, so bouncing higher than that would convince a majority of the market that we're back in a bull market (which we're not). It's also the 50% retracement level from the high (which would make sense for us to retest in a bear market).
I think we're likely to get to these levels by May-June and then I think we'll head down back to the levels I originally thought we were going to $9-12k (for the final bottom). But let's not focus on the downside for now.
In the coming months, look for bitcoin to break these resistance levels on the upside and get to the ultimate target of $42-44k.
Let's see how it plays out in the coming months.
🚀Bitcoin is Ready to Attack to Resistance lines Again🚀🏃♂️Bitcoin is moving near Support lines and a cluster of Fibs and lower line of Descending Channel .
🌊According to the theory of Elliott Waves , Bitcoin has successfully completed the Double Three Correction(WXY) in Descending Channel.
🔔I expect Bitcoin to Go UP at least to the Resistance lines after the Descending Channel break.
❗️⚠️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 weekly prediction, 40K or 32K?📉 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 39K-40K.
This week, the price of Bitcoin is in a stabilization trend and has lost its upward momentum at the level of 38 thousand dollars. (in yellow).
The Bitcoin Dominance chart is in a 5-day time frame, and according to the formed pattern, it is expected to decrease to the specified area. On the other side, Dominance Tether (Weekly TF) has hit an important support line, and the probability of its upside has increased.
All in all, in my opinion, until the price of Bitcoin falls below the support of the yellow line, there is a possibility that it will rise to test the level of $40,000. But if the price loses the red support line, then the $32,000 area will be a strong support for Bitcoin in a bearish scenario.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
#BTC/USDT Urgent update#Bitcoin Update: Testing the lower support of the channel.
Market momentum seems subdued, requiring a push to surpass the $38k hurdle.
Adjusting invalidation to a daily close below $35,628. Unless breached, BTC may target FWB:42K +
Do Your Own Research (DYOR), Not Financial Advice
#cryptocurrency
📈Bitcoin weekly prediction, 40K or 32.5?📉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 FWB:39K -40K.
In this week, bitcoin price breaks the ascending channel (in yellow).
Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher.
But if the price loses the support, the level of 31,700 to 30,200 will be a strong support for Bitcoin in the bearish scenario.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑