TLDR: • IMO, Bitcoin is in the final stage of a Wyckoff distribution phase. From here we can expect the price to drop to roughly 24K. • Confirmation: Daily close below the upward-sloping trendline with a retest as resistance. • Invalidation: Daily close above 29.5K with a retest as support, followed by a HH. My Friends. • Let me begin by writing that I have...
TLDR: • I don’t know if Bitcoin will crash or not. I don’t need to know because I have a trading plan with strict confirmation/ invalidation points. Confirmation of the downtrend: 1. Daily close below the trendline. 2. Test the trendline as resistance. Confirmation of the uptrend: 1. daily close above the range low (29,500). 2. Daily close above...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) Looking at the 1W chart, a trend line (1) is expected to be created. Accordingly, it is necessary to check whether the existing rising channel is moving to a new...
Due to the fact that the trading volume is generally low on Saturdays and Sundays , the structure of the waves became complex. Bitcoin seems to be completing the Double Three Correction(WXY) in 🟡 PRZ(Price Reversal Zone) 🟡. Although Bitcoin seems to have succeeded in creating the Inverse Head and Shoulders pattern , it seems that the effect of this...
Bitcoin has managed to form an ascending channel in the 15-minute time frame⏰. In terms of the structure of the waves in the ascending channel, I can say that Bitcoin was able to complete the main wave Y at the top of ascending channel and 🟡 Price Reversal Zone(PRZ) . 🔔I expect Bitcoin to try again to break the 🟢 support zone($29,850-$29,480 )🟢 ⚠️ after...
The price is trading at daily support. The price action is kind of indecisive. However, as long as 29500 level is respected on 4h basis, the price has chance to move upward. Therefore, taking this long as the support is indicating a long. If we lose 29500, the price is likley to head towards 26500. But as long as the current support and 29500 level is not lost, I...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) Looking at the 1W chart, the trend line (1) is about to be created. Therefore, if this week's candlestick closes with a lower candlestick, the trend line (1) is expected to be...
• The 50D EMA is a dynamic S/R level. Meaning that if tested from above, it provides support, and if tested from below it acts as resistance. • During this uptrend, since December 2022, every time Bitcoin broke below the 50D EMA, the result was a price decrease of 8% - 12%. • A combination of an EMA (dynamic support) and diagonal support below the EMA act as...
Btcusdt Btc stucking below 31k I personally think it's not bullish I am expecting small bounce here towards 30800 - 31400 and a big dump Targets 28k / 16k / 24k / Let's see
• In a previous Bitcoin idea, I outlined the area between 29,200 – 29,500 as a possible reversal area. • Yesterday’s price action was corrective, with multiple sell orders every time Bitcoin reached the 50H EMA. • Now it looks as if Bitcoin overcame this hurdle but PA is weak IMO. • Assuming that Bitcoin gets above the mid-range at 30,500, I outlined additional...
Hi everyone👋. Bitcoin is moving in the 🟢 support zone($29,850-$29,480) 🟢. If we want to analyze Bitcoin in the 15-minute time frame in terms of Elliott wave theory , we will find that Bitcoin started to create corrective waves after completing the Expanding Ending Diagonal pattern . The structure of Bitcoin corrective waves is Zigzag type(ABC/5-3-5). 🔔I...
Bitcoin is moving in the 🟢 support zone($29,850-$29,480) 🟢. Bitcoin has also managed to form Descending Broadening Wedge Pattern in the support zone. In addition, there is a Regular Divergence (RD+) between two successive valleys. 🔔I expect Bitcoin to go UP at least to the 🔴 resistance zone($30,480-$30,360) 🔴 ⚠️ after ⚠️ breaking the upper line of the...
Well, at times geometry speak a similar language of ICT and support and resistance. this time a break above it will decide on the structure for the day . BINANCE:BTCUSDT.P
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) The HA-High indicator on the 1W chart is rising and is about to form at 29003.87. Therefore, if the HA-High indicator on the 1W chart is created at the 29003.87 point, the...
I think that someone is running an algorithm with a sell order every time BTC gets to the 1H 50 EMA. I suggest you wait for a S/R flip before you take a long. Excuse me if I am stating the obvious. Best Wishes
* When Bitcoin hit the range high on July 13th, it deviated slightly above the range high. * Could it be that today, or tomorrow, bitcoin will deviate below the range low towards the 50D EMA and reverse? * Wait for confirmation. * Remember my previous Bitcoin idea (linked), a daily close below the range low is a warning sign. NFA. What do you think? Best Wishes.
hi dear trader i am bulish on btcusdt bitcoin can test 35600 $ stoploss need for any position good luck
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) When looking at the chart, whether the current price is near the high or low point can be interpreted differently depending on your investment style and investment...