Bitcoin Analyze (Short Term, 1-hour Time Frame,02/09/2023)!!!Hi everyone👋
If you have been following me, most likely some of today's chart is familiar to you 😊.
Over the past month, I have tried to share with you most of the major movements of Bitcoin in the 15-minute time frame.
I hope these analyses have helped you make a profit, although my analyses are not financial advice.
Let's go back to today's chart:
After breaking the support zone, Bitcoin is attacking the heavy support zone, also with the help of Elliott wave theory, Bitcoin is most likely completing microwave C of zigzag correction.
I expect Bitcoin to rise again, at least to the broken support zone.
Bitcoin Analyze ( BTCUSDT ), 1-hour ⏰.
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XBTUSD
BTC has short term upside but likely to make one more lowBTC has found support at a key level but from a fibonacci standpoint, it looks like we're in the middle of two important zones at the 23.6 and the 38.2.
What does this mean? We're looking like a pivot for a few days is among us and support is likely to be found at the $20800 area which is where the 38.2 is and where I expect this larger degree wave 4 to terminate.
This is also in alignment with the trendlines that formed during the chop from January 20 through February 8. The rise is likely to retest the rising trendline that has formed and watch for some divergence to form around there, too. We'll likely reject that area, make one more local low and then continue up into our wave 5.
Everyone asks about time. How long will it take? Nobody is perfect with timing but if I had to make an estimation, there's a major time cycle on February 14th that I've been talking about for at least a month. Well, that's only a few short days away. Lets see how things resolve from here.
Cheers!
BITCOIN (BTCUSD): Key Levels to Watch ₿
Here is my latest structure analysis for Bitcoin:
Resistance 1: 22300 - 22700 area
Resistance 2: 24200 - 25400 area
Support 1: 21200 - 21600 area
Support 2: 20350 - 20700 area
Support 3: 17800 - 18400 area
The market has finally started a correctional movement.
Watch carefully a reaction of the price to Support 1,
its bearish breakout may push the price lower.
Consider the underlined areas for a pullback, breakout trading.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/01/2023)!!!Today, I want to share Bitcoin analysis by one of the classic technical patterns.
It seems that Bitcoin is running in a symmetrical triangle.
I expect Bitcoin to go up after breaking(valid) the upper line of the symmetrical triangle.
Also, Bitcoin was able to make a fake break.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
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Bitcoin Analyze (Short Term, 30-minute Time Frame,01/30/2023)!!!Bitcoin moved as I expected✅😎👇
Since the collapsing waves have a structure of 5 microwaves, it seems that Bitcoin is forming one of the most common corrective patterns, namely Expanding Flat (3-3-5).
I expect Bitcoin to go down until its support zone and then start to rally.
Bitcoin Analyze ( BTCUSDT ), 30-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/24/2023)!!!Bitcoin seems to be forming a double three correction(WXY) pattern in the 15-minute time frame.
The main wave X ended with an ending diagonal pattern, and Bitcoin is completing the main wave Y (of course, the main wave X can include various combinations of corrective waves).
Another thing I can say about the theory of Elliott waves is that when the main wave W has a zigzag structure, it is less likely that the Y wave will be a zigzag pattern, so for the main wave Y, I expect more flat and even triangle corrections.
I tried to show you the end of main wave Y in my chart (PRZ(Price Reversal Zone)).
If you want to know more about the higher time frames of Bitcoin, I recommend you to read the previous post and the following post about Bitcoin.👇
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/25/2023)!!!Bitcoin moved as I expected in yesterday's post👇✅
Bitcoin seems to have found the end of wave Y in PRZ(Price Reversal Zone).
I expect Bitcoin to rally to the downtrend line.
If this line breaks upwards, we can more confidently talk about the end of the Y wave. Otherwise, Bitcoin is still in the main wave X.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/29/2023)!!!Bitcoin moved as I expected✅😎👇
The story of Bitcoin waves is a bit complicated these days, so the main X wave seems to have a Double Three Correction structure.
Bitcoin is running near the PRZ(Price Reversal Zone).
I expect Bitcoin to at least drop to the support zone, given the wave structure after breaking the uptrend line.
Also, Given that the RSI is moving near the downtrend line and the 70% line on the 4-hour timeframe, the RSI can go down at the 4-hour timeframe.👇
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/28/2023)!!!Bitcoin is moving near the support zone. It is also breaking the downtrend line.
I expect Bitcoin to go up to the resistance zone at least, and if the resistance zone breaks upwards, we can confirm the end of the main wave Y.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/07/2023)!!!It seems Bitcoin was able to complete main wave 4 in the resistance zone & lines.
I tried to publish two short positions with different RR.
I expect Bitcoin will go down at least until my Take profit 1(TP1).
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,02/06/2023)!!!Bitcoin was able to break the downtrend line by breakout the candle.
I expect that Bitcoin will go until my TP.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
"dancin' with jack ketch" 🏴☠️ Yo-ho-ho!
while the bears stay dancin' with jack ketch,
we're about to cleave em to the brisket.
---
market is in the midst of a significant bottoming process down here,
i predict the next two weeks shall bring us back up near the august highs (potentially higher).
---
invalidation: november lows
🏴☠️
Bitcoin Analyze (Short Term, 15-minute Time Frame,02/03/2023)!!!It seems that Bitcoin was able to complete the double three correction(WXY) in PRZ(Price Reversal Zone).
Also, we can see the Descending Broadening Wedge Pattern that Bitcoin broke the upper line(downtrend line 1) of it by a breakout candle.
I expect Bitcoin to go up at least to my target.
If Bitcoin can break the downtrend line 2, we can verify the end of the correction.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023 BTCUSD Weekly Forecast 30 Jan - 3 Feb 2023
Based on the data from DVOL, we can see that currently the IV for this week is at 58.03%, down from 64.38% last week.
This can be translated in +/- 8.05% movement from the open of the candle, which makes the next top/bot channel
TOP: 25655
BOT: 21833
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at 78%(80% since 2022)
From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
70% to touch the previous weekly high
27% to touch the previous weekly low
At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: +26% Bullish Trend
D Timeframe: +80% Bullish Trend
W Timeframe: 0% bullish/bearish Trend
Lastly on average, based on the current percentile, we can expect that our asset is going to move:
4.6% from the open candle for the bullish scenario
7.24 from the open candle for the bearish scenario
BITCOIN (BTCUSD): Structure Breakout ₿
Bitcoin has broken and closed above a key daily structure resistance again this week.
Even though the market remains weak at the moment, I think that buying volumes are silently accumulating.
The market will keep growing soon.
Next resistance - 24400
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Bitcoin Analyze (Road Map,10/13/2022)!!!🗺️Today I want to define a road 🗺️map🗺️ for Bitcoin using the Elliott wave theory.
From the very beginning, I must say that Bitcoin is currently in a microwave that can have a structure similar to my analysis or even find other structures.
But you can be sure of one thing = Bitcoin will definitely experience another fall and at least touch the previous bottom ($17622) again.
Bitcoin seems to have completed a full cycle at $69,000. And these months are completing the main wave A by the Triple Three Correction.
Because the two waves, W and Y, had a zigzag structure, it is likely that the main wave Z also has a zigzag structure, which means that we are probably witnessing a Triple Zigzag.
I marked the end of the main wave A in my chart so that this wave A is probably completed in the heavy support zone.
🔆Fundamental: Due to the ongoing war between Russia and Ukraine and the impact that this war can have on the supply of gas and electricity in Europe (increasing the cost of living in Europe), especially in winter. Also, probably the more inflation growth in the USA, it seems that the Cryptocurrency market will not have good days.
Bitcoin Analyze ( BTCUSDT ), Timeframe Daily⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Bitcoin Analyze (Short Term, Timeframe 15min,12/22/2022)!!!Bitcoin is moved as I expected ✅👇
I expect microwave C to finish on the support zone, and then we can see an upward trend to the downtrend line and my target.
Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Bitcoin Analyze (Short Term, 15-minute Time Frame,01/19/2023)!!!Bitcoin is running at PRZ(Price Reversal Zone) and near the resistance lines.
Also, Bitcoin was able to make a Shooting Star candlestick Pattern at PRZ.
I expect Bitcoin will go down at least until the uptrend line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze (Short Term, 15-minute Time Frame,01/22/2023)!!!Bitcoin is in a very sensitive area; you may ask why?!
Bitcoin is actually ⚔️struggling⚔️ to break the most important downtrend line that has been forming since the end of 2021.
If this important downtrend line is broken by Bitcoin validly to the upside, we can expect Bitcoin to approach the $30,000 zone(Bitcoin's most important resistance) in the coming months.
Now let's go back to the 15-minute chart.
Bitcoin seems to be forming a corrective zigzag(ABC/5-3-5), so wave A is completed, and wave B seems to be completed as well.
I expect the end of wave C in the PRZs to finish and Bitcoin to start falling again to the important downtrend line.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.