BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" .
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
Zigzag patterns typically move within a parallel channel.
The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel.
As a result, the likelihood of a complex correction occurring is considerably high.
Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles.
Wishing you all the best of luck🍀
This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities lie with you.
1-BTCUSD
Bitcoin Bybit chart analysis September 3Hello
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Here is the Bitcoin 30-minute chart.
Tonight at 11 o'clock, there is one Nasdaq indicator announcement.
When comparing only Bitcoin and Tether Dominance,
the direction is not difficult, but Nasdaq is the problem.
Instead, the dangerous signal was imprinted on Nasdaq,
and all you need to do is get the desired movement.
Yesterday, I tried to operate, but I missed the entry point,
so I went ahead with it instead of canceling it.
*One-way long position strategy when the red finger moves
1. 58,591 dollars long position entry section / stop loss price when the green support line is broken
2. 60,227.5 dollars long position 1st target -> Good 2nd -> Great 3rd
This is the first touch section on the center line of the Bollinger Band 12-hour chart.
If the strategy is successful, I did not operate a short position separately.
You'll know why if you watch.
Instead, after liquidating the long position,
I think it would be good to wait for the long position as indicated.
For those who can hold the stop loss price,
you can challenge both short and long.
If the purple support line maintains the 1st section, it is a strong rising section.
The 2nd section at the bottom is a sideways market or the most likely long position today,
but rather than missing the entry point like yesterday,
we operated aggressively and tightened the stop loss price.
From today's green support line deviation,
there is a possibility of additional decline, so you should be careful.
Bottom->If the 3rd section is pushed,
the next support line will be $56,634.
Up to this point, please just refer to and use my analysis,
and I hope you operate safely with the 6 principle trading and stop loss price.
Thank you.
Bitcoin Bybit chart analysis September 2Hello
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This is the Bitcoin 30-minute chart.
Today, Nasdaq is closed.
It touched 57K on Sunday evening
and barely reached the center line of the Bollinger Band 4-hour chart.
The current position is a section where long and short are decided,
and a short position operating section.
Today's strategy was created based on the vertical decline
in the gap reversal that occurred at the top over the weekend
and the short-term pattern of Tether Dominance was broken.
* In the case of the red finger movement path
Long position strategy
1. 57,982 dollars long position entry section / cut-off price when the purple support line is broken
2. 59,160 dollars long position 1st target -> Top 2nd target
When the 1st section shown at the bottom is touched, it is a very horizontal guarantee
The sky blue support line Bottom section is the last double bottom.
If this section is broken,
a downward trend may be connected from the second section of the Jinpa-rang support line,
so it may open up to 54.8K.
Today, it is important to not go down to the bottom section or break away, right?
Up to this point, I ask that you just use my analysis as a reference,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis August 23Hello
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This is the Bitcoin 30-minute chart.
Tonight at 11 o'clock, there will be a Nasdaq index announcement.
The Nasdaq is the problem today.
Tether dominance is in a vertical decline,
and I created the most reasonable strategy possible.
The purple finger at the bottom left, $60,156.5,
is the same as the 3rd section where I entered the long position yesterday.
*Long position strategy when the red finger moves
1. $60,573 long position entry section / stop loss price when the sky blue support line is broken
2. $62,350 long position 1st target -> Good 2nd target
-The 1st section at the top is an upward sideways market,
and if this section is touched first, it can be connected to section 2.
-It seems safer to operate with a focus on long positions rather than short->long switching like yesterday.
-If it deviates from the bottom section today,
it may fall to the 3rd section at the very bottom during the weekend.
Please use my analysis article as a reference and only for the extent of use,
and I hope you operate safely with principle trading and stop loss prices.
Have a good weekend,
and I will come back from my vacation and see you in September.
Thank you always.
Bitcoin Bybit chart analysis August 21
Hello
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This is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 3 a.m.
The current position is the middle point between long and short, which has a very high possibility of sideways movement.
From my perspective,
Bit broke through the vertical downtrend channel,
and Tether Dominance touched the Bollinger Band monthly chart center line,
so if Nasdaq supports the rising wave today,
it seems that it will rise strongly.
*Red finger
One-way long position strategy.
1. 59,306 dollars long position entry point / stop loss price when the green support line is broken
2. 61,127.5 dollars 1st target -> Top target
The most desirable movement today is
To touch the 1st section at the top, and wait for the 59.3K long for the returning rising wave.
I held it a little tight because I might miss the entry point.
If you can't touch the 1st section or
If you get pushed, it's a long position entry section up to 2 times,
and the stop loss price is the same, so it would be good to use it in real time.
1st and 2nd are extremely horizontal guarantees
3rd sky blue support line is a downward horizontal guarantee
Below that, Bottom -> 56.6K is indicated, so it would be good to use it in real time.
Next week, I have a summer vacation plan for a week,
so
I will leave it as a public release until this Friday and
I will leave.
Up to this point, please
simply refer to and use my analysis
and I hope you operate safely with the principle trading and stop loss price.
Thank you.
Bitcoin next move? Bitcoin ( CRYPTOCAP:BTC ) is currently trading inside the symmetrical triangle, yesterday just after FOMC minute meeting BTC sudden pumped from 58.5k to 61.8k in just couple of hours. Now price seems again consolidating resulting the traders to uncertain about which direction they should trade.
It should again go below 60k to fill reverse CME gap.
BTC Forms Head and Shoulders Pattern Key Levels to WatchBitcoin has formed a head and shoulders pattern, signaling a potential trend reversal. To confirm this pattern, CRYPTOCAP:BTC needs to reclaim the $61,600 level. If successful, the target moves to $66,800, with the potential to reclaim liquidity around the $68,500 to $70,000 area. This setup indicates a possible bullish momentum for Bitcoin in the near term
Bitcoin Bybit chart analysis August 13Hello
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Here is the Bitcoin 30-minute chart.
Nasdaq indicators will be announced at 9:30 shortly.
In the case of Nasdaq, the short-term pattern is broken,
and today, a lower gap has been created,
so there is a high possibility of adjustment.
In the case of Tether Dominance,
there are conditions where a sweep can occur at the current position or near the 6-hour resistance line.
Bollinger Band 1-hour chart support line is touched,
and a one-way strategy is taken at a position where there is a very high possibility of a sideways movement.
* Long position strategy when the red finger moves
1. 58,125.5 dollars long position entry section / cut-off price when the green support line is broken
2. 60,220.5 dollars long position 1st target -> Top 2nd target
If it does not come down to the entry point and a rebound occurs from the current point,
the 1st section at the top and the purple support line are sideways.
The current Bollinger Band 6-hour chart support line shape is very good.
Instead, if you look at the time zone at the bottom of the red finger,
it is 8:50.
The reason is that the additional 6-hour chart candle is created at
9 p.m., so if the shape changes,
it can be pushed to the bottom 2 times -> Bottom,
so if you touch it before 9 p.m., the probability of the strategy succeeding increases.
Depending on the situation today,
the 12-hour chart MACD dead cross pressure may be connected.
You can increase the profit range by modifying the long position stop loss price.
The reason why I did not take a short position today
You can find out when the perfect comes out tomorrow.
Please use my analysis article as a reference and for the extent of use,
and I hope you operate safely with the principle trading and stop loss price.
Thank you.
Bitcoin Bybit chart analysis August 9Hello
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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
The 30-minute chart touched the resistance line and is moving sideways, so I am anxious because there is a possibility of a gap reversal.
More than anything else, the coupling to the Nasdaq decline is dangerous.
Currently, the 2-hour chart MACD dead cross is in progress,
and the support line is in a more advantageous section than Nasdaq,
so I created a strategy as safely as possible.
*When the blue finger moves,
Bidirectional neutral
Long->Short->Long switching strategy
Since the orange resistance line touches, there is a high possibility of an increase,
it is advantageous to operate with a focus on long positions.
Today, the gap reversal on Nasdaq must be ignored to increase the probability of success.
1. 59,424 dollars long position entry section / stop loss price when purple support line is broken
(Check if orange resistance line is broken, and if broken, maintain long position)
2. 61,949.5 dollars short position entry section / stop loss price when orange resistance line is broken
3. 61,093.5 dollars long position switching / stop loss price when green support line is broken
Please pay attention to the final 3 long position sections rather than shorts,
and if the rebound is successful, target prices are displayed in order at the top during the weekend, so please refer to them.
Above all, pay attention to the Nasdaq movement,
and if the 1st section (orange resistance line best short) at the top fails to break through,
the possibility of breaking away from 2 -> Bottom increases.
This is today's major support line.
Also, if the green support line is maintained in a strong upward trend,
it can rise to 68.8K this week or next week.
From the bottom section departure to the 3rd section
Please check the movement
Up to this point, please use my analysis articles only for reference and use
I hope you operate safely with principle trading and stop loss price as essential
Thank you for your hard work this week.
Thank you.
BTCUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
TAKE CARE
Bitcoin Bybit chart analysis August 8Hello
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Here is the Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement at 9:30 in a little while.
After entering a long position of $55,199 with a purple finger at the bottom left,
I connected today's strategy as it is.
There seems to be a high possibility of a sideways movement in Nasdaq
Bit was operated aggressively.
*One-way long position strategy when the red finger moves
1. Long position entry section of $57,106.5 / Stop loss price when the purple support line is broken
2. Top section 1st target -> Good 2nd target
The convergence section at the top 1 and the bottom 2 is a sideways range
The section at the top 1 is yesterday's long position 1st target
The section at the bottom 2 is a sideways range. In case of a breakout of the purple support line,
Be careful because it can fall sharply up to Bottom-> 3 times.
For those who have been long since yesterday,
It is better to maintain the stop loss price when the purple support line breaks.
If it rises to the Good section today,
It seems advantageous to wait for a long position without entering a short position separately.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis August 7Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
Since there is no indicator announcement for Nasdaq today,
there is a high possibility of sideways movement.
Instead, the 12-hour chart MACD is in golden cross order,
and an upward trend can be connected from the gap reversal,
and Bitcoin's pattern is not broken compared to Nasdaq and the turnover rate is good.
It is the position before touching the center line of the 6-hour Bollinger Band chart,
and it is a match with an upward rebound.
*One-way long position strategy when the red finger moves
1. 56,170.5 dollars long position entry section / stop loss price when the green support line is broken
2. 60,856 dollars long position 1st target -> Gap, Good 2nd target,
but it is roughly the center line of the 12-hour Bollinger Band chart.
When touching the Gap or Good section,
after switching short positions, it would be good to wait for the final long position tomorrow.
I was worried that I might miss the long position entry point,
but if there is a strong rebound from the current position,
there is a long position entry point at around $56,722.5 (green arrow) in the return adjustment,
so please refer to it.
The section of $58,122.5 near the pink resistance line (red arrow)
is the 6-hour Bollinger Band chart,
but if a touch occurs before an additional candle is created at 9 p.m.,
the possibility of a sideways movement decreases.
(It is difficult to break through the center line with one candle, and it looks like it is being pressed)
The orange resistance line at the top
The green support line at the bottom
is a sideways movement,
and from the bottom, it is section 3,
and there is a possibility of an additional decline after tomorrow.
Please use my analysis so far for reference and use only,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
THE IMPORTANT BTC GAPS ARE GOING TO FILLBitcoin ( CRYPTOCAP:BTC ) recently plummeted to $49,000 due to rising US unemployment rates and a fall in the Japanese stock market. However, BTC is now recovering, bouncing back from the oversold area.
This recovery indicates it's time to fill the gaps between the $58,500 and $62,600 levels. In the crypto market, gaps tend to fill quickly, suggesting an imminent bullish movement for Bitcoin.
Next targets are 62600 & 69000 , if breaks we are going to see new all time high. Mostly ATH will come in November.
Bitcoin Bybit chart analysis August 6Hello
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Here is the Bitcoin 30-minute chart.
There is no Nasdaq index release today
It is in an uptrend
And I made a strategy for the part where the wave is getting bigger.
I was worried a lot about missing the entry point
Since the short-term pattern was broken in Tether Dominance
I applied the downtrend to Bitcoin.
*When the blue finger moves
It is a two-way neutral
Long -> Short switching strategy.
1. 53,310 dollars long position entry point / cut-off price when the green support line is broken
2. 58,122.5 dollars long position 1st target -> Top 2nd target
3. Short position switching at Top 59,164.5 dollars / cut-off price when the pink resistance line is broken
Since it is a strategy aimed at perfection
I lowered the long position take-profit price a little
And when the top target price is reached perfectly, I switch to a short position.
At the top, 1 and 2 are horizontal lines
If it doesn't come down to the entry point and rebounds in the 2nd section
Please pay attention to the purple parallel line.
The 3rd section is a downward horizontal line
If the previous low point bottom section doesn't break
You can continue to play in the current channel.
From the bottom
Please note that there is a high possibility of additional decline after tomorrow.
Up to this point, please use my analysis for reference only
I hope you operate safely with the 6 types of one-shot trading and stop loss prices.
Thank you.