BTCUSDT Analyst. We are close!Hello everyone! I want share my idea about Bitcoin.
In my last post honestly I didn't waiting bitcoin movement like this (I will link it in this idea) but what I saw from 1W support it exceeded my expectations.
My long open position was at 27500lvl but with that price movement I am waiting Fibonacci second level which is on 28700 (61.8). we have 2023 year high at 31000, I think there are not strong sellers. with that movement its possible to brake that resistance and show us new high.
On USDTD we have opposite picture, after pretty bullish trend there are massive price down movement which was my price prediction too (I will link in that idea).
We are close to real bullish scene on high timeframe bitcoin showing us pretty good bullish movement.
BE PATIENT!!!
Btcusdtlong
BTCUSDT Bull Flag 4H TFScript is going ballistic and approaching its previous grand resistance level. Bull flag shows continuation to upside with projection right above the resistance. It is not going to be easy fight but lets see what price action bring us. Will BTC break previous resistance and rally up? Next week will be crucial for crypto.
BTCUSDT may head up towards 30633 zoneThe price is trading at LTF support. I think a long is favorable here towards 30633 area. The price is trading broke through the weekly resistance WR2 but came back inside the resistance zone and currently trading inside it. However, it seems the price is now ready to make another push upward at least towards the recent high it made.
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
2 options on the chart
now a rollback to the 27k area is likely (to retest the broken channel),
Fixing BTC above 30k will send the price to the 35k area.
Return under 26k - let's go test the 23k zone
In any case main target zone: 34-36k
SL: depending of ur risk
Good luck everyone!
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BTCUSDT Analyst GET READY!!!Hello everyone. Today I want share my idea about Bitcoin.
Last week we saw fake out and then bounce from Fibonacci LVL which was on 25300, the bounce what we are looking now is pretty strong, it retest support and with low but green candle going up, it don t need lot talk what I am looking Bitcoin will show us soon power.
With bitcoin last strong move USDT Dominance came down for retest one of the most strong support (I will link in this post my price prediction of USDT Dominance) it bounce a little from support and came down slowly, which for me its not confirmation and buyer is not active at the zone.
Most I am looking to USDT Dominance, because trend identify is much easier there, with USDT Dominance movement I am making bitcoin price movement prediction.
For Bitcoin I have 2 scene only, which will give me entry point for long position. brake down trendline and then brake 27500 resistance or brake first 26250 support and second 25300, which will give me opportunity for open short position.
BE PATIENT AND YOU WILL WIN!!!
LOST TRADES ARE MORE IMPORTANT THAN WON TRADES!!!
BTCUSDT ready to head up towards daily resistance 27066-27236Analysis: LTF
The last long trade idea almost reached to the target but did not quite hit it. I think the price action is suggesting another long opportunity with a target towards the daily resistance this time. The price has been consolidating for long in this range between 4 resistance 4HR1 and 4h support 4HS1. The price action has been very slow with very low volatility. And soon it might be ready for the upward move. The target as mentioned in the daily resistance around 27066-27236.
Bitcoin approaches next resistance level as price drive upAs you may already know, Bitcoin has been on a steady upward trend in recent weeks, and it looks like the next major resistance is near the $27,500 level. This is a significant milestone for Bitcoin, and a close above this resistance might spark bullish moves in the near term.
Furthermore, Bitcoin has already broken through the Fibonacci .23 level, which is a positive sign for investors. This means that the next major resistance at $27,500 is within reach, and it could be a great opportunity for you to add to your positions.
I encourage you to take advantage of this opportunity and consider adding to your Bitcoin positions. With the market looking bullish and the next major resistance within reach, now is the time to act.
Thank you for your time, and I wish you all the best in your Bitcoin investments.
BTC - The importance of 25K25K - The second most important level after 30K (which BTC rejected from - link here )
25K is the neckline of inverted Head & Shoulders pattern, which if completed, could see BTC heading towards 34,5K (regular) or 40k (logarithmic) target.
After coming into contact with 30K level, BTC has drifted down in an descending channel or a falling wedge, making it's final little touch with the 25K level. A breakout from the wedge to the upside is the general outcome, but price of course can take a different direction, path marked with red color.
It is notable though, that the volume has dried up on Binance, the biggest exchange.
What are your thought on BTC's next direction?
SIMPLEST VIEW OF BTC #BTC UPDATE
On the daily timeframe chart, #BTC is still advancing inside the wedge pattern and is currently situated above a major trendline.
A potential bullish rally of about +20–25% might be anticipated if Bitcoin maintains its position above the trendline and successfully breaks out from the wedge to the upside.
However, a bearish rally towards 21.5k may materialize if Bitcoin loses the support of the major trendline.
Significant volatility is anticipated next week because of the US CPI and FOMC schedules.
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BTCUSDT may hit daily resistance and then pullbackThe price is trading below the weekly and daily resistance confluence. All the relevant support and resistance levels are marked on the chart. I think it may still try to reach that resistance marked as 1DR1 before a significant pullback. A short will be favorable if the price hits that 1DR1. I will post the trade setup if the price reaches there and I am there to take the trade.