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Bitcoin at Critical Resistance — Bull Trap!?Over the past couple of hours, Bitcoin ( BINANCE:BTCUSDT ) has surprised many traders—including myself—with its sharp movements. The potential reason behind this could be an anticipated interest rate cut tomorrow. However, the recent JOLTS Job Openings did not fully align with that expectation. With our technical analysis tools, we can delve deeper into Bitcoin’s next moves. The key question is whether Bitcoin will maintain its recent bullish momentum or if a reversal is imminent. It’s important to note that in the next 24 to 48 hours, we may see increased volatility in the financial markets, particularly in crypto. Therefore, it’s wise to practice good risk management—or even consider staying on the sidelines until the market settles. At the moment, Bitcoin has managed to break through resistance lines, but the volume of this breakout hasn’t been particularly high. Bitcoin is also near a resistance zone($94,850-$93,000), monthly pivot points, and significant levels of Cumulative Short Liquidation Leverage($98,260-$94,600), all of which add to the complexity. High sell orders: $96,000-$94,800 From a classical technical standpoint, there’s potential for a bearish flag pattern forming. As long as Bitcoin remains below $100,000, this scenario remains plausible. From an Elliott Wave perspective, it seems that the main Wave B has completed, and we’re likely looking at a ZigZag correction(ABC/5-3-5). This correction might complete either at the resistance zone($94,850-$93,000) or near the daily 50_SMA(Daily). Considering that the S&P 500 index ( SP:SPX ) is also showing a bearish trend, it’s more likely that Bitcoin’s main corrective Wave C will complete within these resistance levels. Also, the USDT.D% ( CRYPTOCAP:USDT.D ) remains a crucial factor. Until it hits around 5.49%, the overall crypto market is likely to remain bearish. In conclusion, I expect that Bitcoin will continue its downward movement, potentially testing $89,000 and even dropping below $85,000. This could represent a significant bearish phase for Bitcoin. What are your thoughts? Do you think Bitcoin will maintain this bullish momentum, or are we headed for more downside? Cumulative Long Liquidation Leverage: $89,430-$88,750 Cumulative Long Liquidation Leverage: $83,900-$82,400 First Target: $90,300 Second Target: $87,503 Stop Loss(SL): $100,020(Worst) Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
19
Bitcoin’s Worst November Ever — More Dump?In the past 24 hours, Bitcoin( BINANCE:BTCUSDT ) has dropped by more than -8%, marking its worst November performance ever, with a decline of about -17.67% this month alone. Now, the question is whether Bitcoin will continue its downward trend or start to rebound. So, stay tuned! At the moment, it seems that Bitcoin has successfully broken through the support zone($87,000-$85,130) and is moving toward the Cumulative Long Liquidation Leverage($83,273-$81,900). From an Elliott Wave perspective, it appears that Bitcoin has completed its main wave 4, forming a bull trap, and is now in the process of completing the main wave 5. On the fundamental side, we need to pay attention to a few key factors: 1-For one, the USDT.D% ( CRYPTOCAP:USDT.D ) is on the rise, and this could put downward pressure on the crypto market. 2-Another point is that the stock market is also trending upward, but unlike stocks, Bitcoin tends to react more negatively when the stock market declines. 3-The US 10-Year Government Bond Yield ( TVC:US10 ) also appears to be trending upward, causing riskier assets like stocks and Bitcoin to decline. 4-Additionally, geopolitical tensions, especially between the US and Venezuela over the past 72 hours, could also trigger further declines in Bitcoin if they escalate. Considering all of this, I expect Bitcoin to continue its downward trend and test the heavy support zone($78,300-$71,280). The Potential Reversal Zone(PRZ) might serve as a rebound point for Bitcoin, but if the heavy support zone($78,300-$71,280) is broken, we could see a more severe sell-off in the crypto markets. What do you think? Will Bitcoin drop below $70,000 or not? Let me know your thoughts! Cumulative Short Liquidation Leverage: $97,100-$98,135 Cumulative Short Liquidation Leverage: $93,215-$94,130 Cumulative Long Liquidation Leverage: $80,263-$78,131 First Target: Cumulative Long Liquidation Leverage: $80,263-$78,131 Second Target: Potential Reversal Zone(PRZ) Stop Loss(SL): $90,423 Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
38
Bitcoin: Final Pump Before the Fall?Over the past five to six days, Bitcoin ( BINANCE:BTCUSDT ) has been attempting to recover from previous weekly declines, and it still appears to be in a corrective phase. This analysis builds on my previous idea, and if you’d like a deeper look at Bitcoin’s mid-term chart, you can check out the 4-hour timeframe in that previous analysis . Now, a key point for Bitcoin traders is that, despite the recent rally in the S&P 500 ( SP:SPX ) over the past few days, Bitcoin hasn’t been able to keep pace. While it had a good correlation with the S&P 500 in the past, it didn’t experience a similar upward movement this time. Therefore, once the S&P 500 corrects, we may also see Bitcoin resume its downward trend. Currently, Bitcoin seems to be near a resistance zone($92,200-$88,400) and Cumulative Short Liquidation Leverage($91,570-$89,660). It also appears to be forming an ascending channel over the past few days, indicating a corrective structure. From an Elliott Wave perspective, Bitcoin seems to be completing microwave C of the microwave Y of the main wave 4, and we can expect this corrective phase to end soon, leading to another downward move. A break of the lower line of the ascending channel would confirm the end of this Wave 4. I expect that after the Cumulative Short Liquidation Leverage($91,570-$89,660), Bitcoin will resume its decline and move towards the Support zone($86,200-$85,130). Cumulative Long Liquidation Leverage: $86,000-$85,000 Cumulative Long Liquidation Leverage: $83,249-$81,840 Cumulative Long Liquidation Leverage: $80,263-$78,131 First Target: $86,290 Second Target: $83,800 Stop Loss(SL): $92,229 Points may shift as the market evolves Note: At lower price levels, Bitcoin’s price includes several Cumulative Short Liquidation Leverages, each potentially causing further price drops. However, if the S&P 500 starts another correction, these levels may break more easily. Note: Overall, trading in crypto has become a bit challenging lately, with less volatility, so it’s wise to be cautious and manage your capital carefully. Note: If Bitcoin breaks through the resistance zone($92,200-$88,400) around $92,229, we can expect a renewed upward trend and hope for a bullish movement. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
35
Bitcoin Hits Heavy Support Zone — Is the Next Big Crash Coming?Recently, Bitcoin ( BINANCE:BTCUSDT ) experienced another decline of over -10%, largely due to the sudden drop in the S&P 500( SP:SPX ). As I mentioned in previous ideas, in recent weeks, Bitcoin and the crypto market, especially Bitcoin, have shown a strong correlation with U.S. indices, particularly the S&P 500. This means that even technically sound analyses for Bitcoin can fail if we don’t consider these external factors, which is quite normal. Therefore, it’s crucial to incorporate all parameters—news, fundamentals, on-chain data, and relevant indices—to get an accurate Bitcoin analysis. This complexity can make things a bit challenging. Over the past ten days, Bitcoin has swiftly broken through several support levels. Many factors have contributed to Bitcoin’s decline recently, but it’s now approaching a heavy support zone($78,300-$71,280). This zone is crucial because if Bitcoin loses it, we could see even larger declines, affecting altcoins as well. Altcoins, in general, haven’t matched Bitcoin’s gains in recent months, so a significant drop in Bitcoin could lead to severe losses for them. It’s essential to manage your investments carefully and stay alert. From an Elliott Wave perspective, the recent decline suggests that Bitcoin might be in the midst of a five-wave downward, which isn’t positive news. There’s a chance that the heavy support zone($78,300-$71,280) might be breached. However, considering that weekends typically have lower trading volumes, it’s less likely that the support will break in the next couple of days. Still, we must remain vigilant and prepared for any scenario. In terms of Elliott Waves, it seems Bitcoin has completed its main wave 3, and we might be looking at the completion of the wave 4 over the weekend, with another push towards the heavy support zone($78,300-$71,280) at the start of next week. Also, the USDT.D% ( CRYPTOCAP:USDT.D ) chart looks bullish, which could not be good news for Bitcoin. I expect that after a brief rebound, Bitcoin will resume its decline and test the heavy support zone($78,300-$71,280) again. Cumulative Short Liquidation Leverage: $89,642-$88,079 Cumulative Long Liquidation Leverage: $80,263-$78,131 First Target: $78,523 Second Target: $75,123 Stop Loss(SL): $92,123(Worst) Points may shift as the market evolves Note: The S&P 500 also might face downward pressure in the coming days, which could further impact Bitcoin’s support levels. It’s essential to manage your investments carefully and wait for strong reversal signals in higher timeframes. You might miss out on some short-term gains, but it will allow for more confident entries later on. Note: Tensions between the U.S. and Venezuela are escalating day by day. Should these tensions intensify to the point of direct confrontation, it could act as a trigger for another Bitcoin decline. It’s important to keep this in mind. Note: Additionally, there have been some suspicious transfers involving the Mt. Gox exchange recently. It’s worth monitoring these developments closely. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
31
Bitcoin Roadmap: Is This the Beginning of the Short-Term Rally?Today I want to share with you the Bitcoin ( BINANCE:BTCUSDT ) chart on the 15-minute time frame. This analysis is in line with the previous analysis (still valid) . These days, considering that Bitcoin is facing many parameters to analyze. One of the most important parameters is the SPX500 index ( SP:SPX ). I am long on the SPX500 index. Bitcoin is currently moving in the Support zone($91,900-$88,400) and near the Support lines and Cumulative Long Liquidation Leverage($91,131-$90,477) . In terms of Elliott Wave theory, it seems that Bitcoin completed wave 5 with an Expanding Ending Diagonal , and we can now expect the start of the bullish waves , at least in the short term . I expect Bitcoin to start rising from the Support zone($91,900-$88,400) and at least attack the Resistance lines . If the Resistance lines and the $95,700 level are broken with high momentum, we can expect further growth of Bitcoin. First Target: $93,921 Second Target: $95,273 Third Target: $97,477 Stop Loss(SL): $89,537 Points may shift as the market evolves Cumulative Long Liquidation Leverage: $88,570-$87,227 Cumulative Short Liquidation Leverage: $94,500-$93,785 Where do you think Bitcoin’s correction will go? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
64
Bitcoin Faces the Death Cross — More Pain Ahead?Considering Bitcoin ( BINANCE:BTCUSDT )’s recent movements over the past few days and the Death Cross will happen to BTC, I’ve decided to focus on a daily time frame for today’s analysis. Given the recent events in the U.S. market, especially the sharp decline in the S&P 500 ( SP:SPX ), it’s likely that this downward trend will continue . What is a Death Cross? A Death Cross occurs when the 50-day moving average crosses below the 200-day moving average, often signaling a potential bearish trend. At present, Bitcoin broke the important weekly Support lines and is now breaking a critical Support zone($101,500-$98,200) . Moreover, considering the correlation with the S&P 500 index, and the fact that the U.S. indices are beginning to recover, it’s unlikely that Bitcoin will decouple from this trend. Therefore, we can anticipate further decline in Bitcoin as well . Additionally, the rising USDT.D% ( CRYPTOCAP:USDT.D ) is breaking through resistance levels, which can lead to further selling pressure in the crypto market . In summary, I expect Bitcoin to lose its current Support zone($101,500-$98,200) soon and move towards the Cumulative Long Liquidation Leverage($93,300-$91,300) . Note: In these times, it’s crucial to maintain strict risk management, as Bitcoin’s volatility has increased. It might also be wise to consider higher time frames for trading to better navigate this complexity. First Target: $95,720 Second Target: $93,040 Stop Loss(SL): $106,000 Cumulative Short Liquidation Leverage: $112,590-$111,459 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), Daily time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
65
Bitcoin Roadmap => Short-termOver the past few days, Bitcoin ( BINANCE:BTCUSDT ) has been reacting quite sharply to recent news, showing some unexpectedly strong moves. So, first and foremost, it's a good idea to keep risk management in mind and be prepared for various scenarios . At the moment, Bitcoin is approaching a Support zone($102,000,980-$96,880) , a Potential Reversal Zone (PRZ) , and a Cumulative Long Liquidation Leverage($99,900-$98,188) . From an Elliott Wave standpoint, it appears that Bitcoin is completing a Zigzag correction(ABC/5-3-5) . I expect that from this Potential Reversal Zone (PRZ) and the Cumulative Long Liquidation Leverage($99,900-$98,188) , Bitcoin might start rising again and could potentially reach around $105,171(First Target) . Second Target: $107,291 Stop Loss(SL): $98,797 Cumulative Short Liquidation Leverage: $108,582-$106,850 Cumulative Short Liquidation Leverage: $112,590-$111,459 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
37
Big Catalysts Behind Bitcoin’s Pump – Can BTC Hit $110K?Bitcoin ( BINANCE:BTCUSDT ) started pumping yesterday as I expected in my previous idea . Let's take a look at the fundamental reasons for Bitcoin . Why the sudden BTC pump? Here are the 3 BIG catalysts hitting at once: 1-US Government Shutdown officially ending tomorrow (Nov 12) Senate finally reached a budget deal. Treasury General Account (TGA) will start draining → hundreds of billions in fresh liquidity flooding markets. Same thing that ignited the 2020-2021 bull run. 2-Trump’s “Tariff Dividend” President promised every American adult at least $2,000 from tariff revenue (potentially $400B+ total). Last time we got $1,200 stimulus checks, BTC went from $7K → $69K. Do the math. 3-Short squeeze + ETF flow reversal Despite last week’s $1.22B ETF outflows, today we’re seeing fresh bids stacking. Bears who shorted the dip are now fuel for the rocket. ------------------------------------------------------------------------------ Let's take a look at Bitcoin’s technical analysis on the 1-hour timeframe . Right now, Bitcoin is trading around a Resistance zone($107,600,980-$106,100) , and it looks like it might be forming a potential ascending channel , though the second top of that channel isn’t confirmed yet. My expectation is that after a brief pullback to the Support zone($104,840-$103,600) —where there’s also Cumulative Long Liquidation Leverage($105,311-$104,111) —Bitcoin could start rising again and attempt to break through the Resistance lines. If BTC manages to break above those Resistance lines, then the next target could be around $110,000 . Cumulative Long Liquidation Leverage: $99,865-$98,168 Cumulative Short Liquidation Leverage: $112,590-$111,459 New CME Gap: $104,565-$104,160 So what do you think? Can Bitcoin push up to $110,000, or will it turn back down again? Note: These days, the market can be pretty volatile and unpredictable, so always remember to manage your risk and stick to your risk management strategy. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
11
Bitcoin Bulls Defending $97K – Reversal Loading!Before diving into the Bitcoin analysis , it’s worth noting that Bitcoin has had a strong correlation with the SPX500 index ( SP:SPX ) in recent weeks. So, alongside analyzing Bitcoin, it’s a good idea to keep an eye on the SPX500 chart these days. Currently, Bitcoin( BINANCE:BTCUSDT ) is moving in a Support zone($10200,980-$96,880) near a Potential Reversal Zone(PRZ) and a Cumulative Long Liquidation Leverage($99,145-$97,208) . From an Elliott Wave perspective, it looks like Bitcoin is forming an Expanding Ending Diagonal to complete the microwave 5 of the main wave 5 . Also, we can see a Regular Divergence(RD+) , which is a good sign of a potential reversal. Given my expectation that the SPX500 Index will start to rise again, I also expect that Bitcoin will follow suit and could climb at least to around $104,200 . Cumulative Short Liquidation Leverage: $105,074-$104,551 Stop Loss: $96,178 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Long
by pejman_zwin
35
Bitcoin At Make-or-Break Zone – Long Setup Ahead?Bitcoin ( BINANCE:BTCUSDT ) is currently moving near a Heavy Support zone($111,980-$105,820) , Support lines , Potential Reversal Zone(PRZ) , and Cumulative Long Liquidation Leverage($106,432-$104,513) . From an Elliott Wave perspective , it seems that Bitcoin might be completing the microwave 5 of the main wave C . As long as Bitcoin does not break below that Heavy Support zone($111,980-$105,820) , we can still be hopeful about long positions . There's a chance of a fake break of the support lines, and then Bitcoin might bounce back from the PRZ and start rising again. I expect that after touching the PRZ , Bitcoin could rise back up and move toward the Resistance zone($110,700-$109,380) . Note: If the support lines break with high momentum, please do not enter a long position. Cumulative Short Liquidation Leverage: $113,085-$111,444 Stop Loss: $104,420 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
19
Bitcoin Drops Below 100K, Reversal Signal EmergingAfter breaking below the 107K support level, Bitcoin retested the area and then extended its decline. As the downtrend intensified, the price broke through 102K, which was the low recorded during the large-scale liquidation event on October 11, and subsequently lost the psychological support level at 100K. During the eight-hour period of this decline, approximately 1.1 billion USD worth of long positions were liquidated, accompanied by both a liquidity sweep and a fakeout pattern. The simultaneous occurrence of large-scale liquidations, increased trading volume, a fakeout pattern, and the process of filling the CME gap indicates that multiple short-term reversal signals emerged in this zone. From a technical standpoint, there is an increasing likelihood of two consecutive bullish candles with long lower wicks forming on the 4-hour chart, while the 12-hour chart also shows a high probability of developing a bullish candle with a long lower shadow. This suggests a growing possibility of a short-term rebound, with the potential upside target near the upper boundary of the descending parallel channel.
by BIGTAKER
10
Bitcoin Correction Forming a Triangle – Which Way Next?Bitcoin ( BINANCE:BTCUSDT ), just as I expected in the previous idea , started to decline and reached its full target . Over the past 20 days , Bitcoin has been moving in a ranging pattern that seems to be forming into a triangle shape . From an Elliott Wave perspective , this corrective structure also appears to be a triangle , with its wave E potentially completing around the Resistance zone($114,300-$113,000) and the Cumulative Short Liquidation Leverage($114,424-$112,000) . I expect that in the coming hours, Bitcoin can rise at least up to about $112,800 . If the upward momentum is strong enough , we might even see it reach the upper lines of the triangle . Cumulative Long Liquidation Leverage: $106,231-$104,648 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
21
Bitcoin Rally Heating Up – Watch This Zone Carefully!As the new week kicked off, Bitcoin ( BINANCE:BTCUSDT ) started to climb, fueled by a pump in the S&P500 index ( SP:SPX ) and the creation of a gap in the S&P500 index. It seems Bitcoin has successfully broken above the 100_SMA(Daily) and 50_SMA(Daily) , as well as a Resistance zone($114,300-$113,000) . In fact, Bitcoin has also formed a new CME Gap($113,495-$110,990) due to this S&P500 Index -driven surge. Right now, Bitcoin is approaching the next key Resistance zone($118,740-$115,740) , Potential Reversal Zone(PRZ) , the Cumulative Short Liquidation Leverage($117,577-$116,731) , and the upper line of an ascending channel . From an Elliott Wave perspective , by breaking this Resistance zone($114,300-$113,000) , Bitcoin has entered a new phase of wave counting. It appears to be completing microwave 4 of the main wave C . Overall, the corrective structure seems to be a Zigzag Correction(ABC/5-3-5) with an expanding leading diagonal in main wave A . I expect that in the coming hours, after a pullback to the broken Resistance zone($114,300-$113,000) and those moving averages , Bitcoin might rise again at least up to the Potential Reversal Zone(PRZ) . There's a possibility of forming a larger ascending channel, but since we haven't confirmed a second top, we can't rely on that channel just yet. Note: In general, the crypto market in the past couple of weeks has been heavily influenced by news around U.S.-China tariffs. Any headline can cause Bitcoin and other tokens to swing up or down, so keep an eye on those geopolitical headlines. Cumulative Long Liquidation Leverage: $113,625-$112,175 Cumulative Long Liquidation Leverage: $106,033-$104,090 Note: If Bitcoin falls below the moving averages and the Resistance zone($114,300-$113,000) again, we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
37
Bitcoin Roadmap– Next Move Down Incoming?As I expected yesterday , Bitcoin ( BINANCE:BTCUSDT ) started rising from the Support zone($107,580-$106,700) and has now hit its Target at the Resistance zone($110,430-$109,380) . Now the question is: will Bitcoin continue its short-term uptrend in the next few hours, or is it going to drop again? Stay with me to find out. Bitcoin is trading near the Resistance zone($110,430-$109,380) , Potential Reversal Zone(PRZ) , and Cumulative Short Liquidation Leverage($111,613-$110,542) . From an Elliott Wave perspective , it seems that Bitcoin is completing the wave C of an Expanding Flat Corrective Pattern(ABC/3-3-5) . Given that the S&P 500 ( SP:SPX ) ( which has recently been correlated with Bitcoin ) is likely to drop when the U.S. market opens , I expect Bitcoin to resume its decline . This next drop might be the final push to break the Heavy Support zone($111,980-$105,820) . What do you think? Can Bitcoin break that Heavy Support zone($111,980-$105,820) in the end or not? Let me know your thoughts! Cumulative Long Liquidation Leverage: $106,606-$105,463 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
13
Bitcoin Short Term Setup – One More Push Before Fall?As I expected in yesterday’s idea , Bitcoin( BINANCE:BTCUSDT ) dropped down into the lower ranges of the Heavy Support zone($111,980-$105,820) . Today, I want to share a quick 15-minute timeframe analysis with you. Currently, Bitcoin is moving near that Support zone($107,580-$106,700) , but it hasn’t managed to break the lower line of the ascending broadening wedge pattern with strong momentum . So I expect Bitcoin might at least make another move up to the Resistance zone($110,430-$109,380) . If BTC finds a Short Trigger near the Resistance zone and Cumulative Short Liquidation Leverage($111,687-$110,198) , it could drop sharply afterward, potentially breaking the Heavy Support zone eventually. Cumulative Long Liquidation Leverage: $106,090-$104,234 Stop Loss(SL): $104,077 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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 at the Top of Wedge – Bearish Reversal Coming Again?As I expected in yesterday’s idea , Bitcoin dropped to the $107,800 level, hitting its target . In the last few hours, BTC started to pump again and is now trading near a cluster of resistances : the 100_SMA(Daily) , the 50_SMA(Daily) , and Cumulative Short Liquidation($117,517-$116,020) . This creates a strong resistance , and I don’t think Bitcoin will easily break through it. ( As of the time of writing, there’s no fresh news influencing the market .) From an Elliott Wave perspective, it looks like Bitcoin is forming a Triple Three Correction(WXYXZ ). On the Classical Technical side, Bitcoin is at the top of an ascending broadening wedge pattern , which is a reversal pattern . There’s also a Regular Bearish Divergence (RD-) between the two peaks in this pattern. I expect that in the coming hours, Bitcoin will start to drop again. After breaking the important $111,000 level , it could fall at least to the lower line of the ascending broadening wedge . Note: In these past few days, the Bitcoin and crypto market have been quite volatile and driven by news, especially related to US-China tensions. So always manage your risk carefully and avoid impulsive decisions based on sudden headlines. New CME Gap: $107,690-$107,220 Cumulative Long Liquidation: $107,105-$104,297 Cumulative Short Liquidation: $115,241-$113,454 Stop Loss(SL): $116,200 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
21
Inverse Head & Shoulders on Bitcoin – Breakout or Bull Trap?Right now, Bitcoin ( BINANCE:BTCUSDT ) is moving within its Heavy Support zone($111,980-$105,820) . Over the past couple of days, it tried twice to break this area but couldn’t. One big reason is that recently, there was news that Japan is considering allowing banks to invest in crypto . Also, yesterday, Trump confirmed he’ll meet with China’s president on October 31st , which the market took as a positive sign that US-China tensions might ease. Previously, the market dropped on news of potential tariffs, and now it’s reacting to the possible easing of those tensions. In the last 24-48 hours , Bitcoin has formed an inverse head and shoulders pattern , which could signal a short-term bullish reversal. However, there are still important resistance levels and cumulative short liquidation areas overhead. We need to see if Bitcoin can break through those. From an Elliott Wave perspective, Bitcoin still seems to be in a corrective structure, and until it gets above around $116,000 , there’s still a risk of further downside. So we shouldn’t get too excited about the recent 48-hour bounce. In short, I expect Bitcoin might push up to those Resistance lines , the Resistance zone($114,300-$113,000) , and Cumulative Short Liquidation($115,241-$113,454) , thanks to the inverse head and shoulders, but it could face resistance there and possibly drop again. Note: It seems that we may see an increase in Bitcoin with the opening of the US market, but because the SPX500 index( SP:SPX ) is in a correction situation, we can expect Bitcoin to fall again. Note: Crypto market conditions depend on many parameters these days, and be sure to observe capital management. New CME Gap: $107,690-$107,220 Cumulative Long Liquidation: $107,000-$105,782 Cumulative Short Liquidation: $112,241-$111,398 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
31
Bitcoin Roadmap: Is a Major Correction the Next Stop?As I expected from the previous analysis , Bitcoin did start to drop and hit its targets . Now, with the news that the U.S. might impose a 100% tariff on China , we saw Bitcoin sharply sell off last night. Actually, as I mentioned in my previous ideas , the rally from about $109,000 to around $126,199(ATH ) (which was a new all-time high for Bitcoin) had relatively low volume. That was a sign that a correction might be on the way, and last night’s news just acted as a trigger to speed it up. In fact, what took Bitcoin 10 days to climb was reversed in about 4 days , showing how strong the sellers are right now. Educational tip: You can use volume candles on TradingView to see which candles had higher volume—the thicker the candle, the more significant the move. Now, the big question: will Bitcoin keep dropping or bounce back? Right now, it’s sitting near a cluster of Support lines and close to the daily 200_SMA(Daily) and the 50_SMA(Weekly) , as well as a Heavy Support zone($111,980-$105,820) . Last night’s drop was basically the first test of these supports . Since it’s the weekend and volumes are usually lower, we don’t expect a huge downward move in the next 48 hours. Bitcoin might do a pullback to the broken Resistance zone($114,820-$113,180) and then continue its drop. According to Elliott Wave analysis , Bitcoin seems to be completing a microwave 4 of the main wave 3 . I expect that after Bitcoin completes , we might see it continue downward and fill the CME Gap($111,355-$109,915) early in the next week. So, do you think the major correction for Bitcoin has started or not? Let me know what you think! Note: In case the Support lines break, there’s also a chance that we might see a Death Cross (where the 50-day moving average crosses below the 200-day moving average), which could signal further bearish momentum. Note: Around the $108,000 level, we have huge buy orders stacked up, which might act as a significant support zone. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
56
Bitcoin Faces $120K Resistance – Bull Trap or Breakout?Bitcoin ( BINANCE:BTCUSDT ) continued its uptrend of the last 2-3 days as I expected in my previous idea . Today, the announcement of the ADP Non-Farm Employment Change index worked like a catalyst for Bitcoin . Bitcoin is currently surrounded by Resistance zones and a Potential Reversal Zone (PRZ) , and is near the important price of $118,400(Volumetric importance) and the $120,000(Round Number) . From the perspective of Elliott Wave theory , it seems that Bitcoin could be in corrective waves and that the increase of the last few days could only serve as a Bull Trap . I expect Bitcoin to decline at least to the Support lines . Cumulative Long Liquidation Leverage: $113,590-$111,900 Cumulative Long Liquidation Leverage: $115,823-$115,087 Cumulative Short Liquidation Leverage: $120,000-$118,000 Note: If Bitcoin falls below the Support zone($114,820-$113,180), we should expect further declines. CME Gap: $111,355-$109,915 Stop Loss(SL): $120,103 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
52
Bitcoin Roadmap: Can BTC Hold the $108K Before Next Big move!?Bitcoin( BINANCE:BTCUSDT ) managed to break the Support zone($110,920-$109,900) and Support lines yesterday with the help of a Bearish Marubozu Candle(the Marubozu candle volume was acceptable). Bitcoin is still moving in the Heavy Support zone($112,000-$105,800) and near the important Support line, Potential Reversal Zone(PRZ) , Cumulative Long Liquidation Leverage($108,165-$107,000). In terms of Elliott Wave theory, Bitcoin appears to be completing microwave 5 of the main wave 3. Microwave 4 of the main wave 3 is of the Contracting Triangle type, and the main wave 3 is of the extended type. I expect Bitcoin to start rising and attack the Resistance lines after completing the main wave 3 from the Potential Reversal Zone(PRZ) , Support zone($108,200-$107,240), and Important Support line. Cumulative Short Liquidation Leverage: $110,624-$109,836 Note: If Bitcoin touches $106,800, we can expect a break of the Heavy Support zone($112,000-$105,800). Note: If Bitcoin goes above $111,000, we can expect a renewed rise in Bitcoin. --------------------------------------------- One of the indices that helps the Roadmap of Bitcoin and other tokens is the USDT.D%. USDT.D% currently seems to have managed to break the heavy resistance zone and this is NOT good news for Bitcoin and other tokens, and perhaps a further correction in the crypto market is on the way. USDT.D%’s roadmap for me is that it is almost in line with today’s analysis of Bitcoin. --------------------------------------------- Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
13
Bitcoin Setup: Eyeing CME Gap at $113KBitcoin( BINANCE:BTCUSDT ) is currently trading in a Heavy Support zone($112,000-$105,800) and near the Support zone($110,920-$109,900), Support lines, Potential Reversal Zone(PRZ) , and Cumulative Long Liquidation Leverage($110,430-$109,660). In terms of Elliott Wave theory, Bitcoin seems to have completed a microwave 5, the reason for today's drop was the correction in the SPX500 index( SP:SPX ) and the release of US indices(Final GDP q/q, Unemployment Claims). Also, we can see the Regular Divergence(RD+) between Consecutive Valleys. I expect Bitcoin to move back above 100_EMA(Daily) because the breakout volume was not enough, and attack the Resistance lines. If the Resistance lines are broken we can expect the CME Gap($113,380-$113,275) to fill. First Target: $112,600 Second Target: $113,280 Stop Loss(SL): $109,280 Cumulative Short Liquidation Leverage: $114,866-$113,720 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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
10