BTC-D
BTC | 1H: Today PlanIt seems like a big move is coming. The probability of a breakdown in crypto is high. Looking for short today. CRYPTOCAP:BTC will hunt the 31k and Next 29k? Both DXY and SPX are bullish. I don't know which is fake action. Lets see!
Previous day:
VAH: $30764
POC: $30642
VAL : $30384
Date: 28 June 2023
Market Reactions to Fed’s “Hawkish Pause” Market Reactions to Fed’s “Hawkish Pause”
Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely expected, the fact that policy makers see rates at 5.6% at year-end was what caught the market off-guard.
The combination of the pause with the suggestion of two more 25 basis points hikes has been dubbed the “hawkish pause”.
Following the decision, stock market closing results were mixed. The Dow Jones closed more than 230 points lower, while the S&P 500 and the Nasdaq experienced gains of 0.1% and 0.4% respectively. The Nasdaq Composite was primarily bolstered by the gains made in AI-adjacent stocks of Nvidia and AMD.
The day began with Bitcoin surpassing $26,000. However, it has since retraced to a 24-hour low of $25,791. Some analysts are predicting an inevitable drop to $25,000 based on recent cryptocurrency news that is dominated by discussions on regulation.
Meanwhile, gold prices initially rose to touch $1959 per ounce in the session but later trimmed gains, trading around $1945.
The dollar has weakened across the board, with the DXY down 0.32%. The NZD is the biggest mover, rising by more than one percent to a 3-week high of $0.6211. Gains in EUR and GBP were more modest, at +0.39% each.
BITCOIN (BTC) analysis by Elliott Wave theory on monthly basisSince 2017 starting point of BTC, it have Ist wave in triangle pattern (means mostly if 1 wave have triangle pattern then 3nd wave is longest which have completed in BTC & hit 3.618% of Fibonacci ratio. 4 wave taken more time consumed & 5th wave also complted as per elliott wave. then big correction has also done (a,b,c in form). hence total 08 wave have complted of elliott wave.
Note: Now new Impluse wave has started. if anyone buying BTC can this level this is only education purpose.
BITCOIN (BTC) analysis by Elliott Wave theory on monthly basis.
Triangle pattern
Triangle pattern
3.618% (64K) touched, fibonacci ratio point exactly
Corrective wave also completed through Elongated pattern
TARGET: Future target but take time (But it can in form of Impulse wave or in other wave. but this is right time to buy BTC
bitcoin head and shouldersBitcoin's head and shoulders bottom, the daily line has broken through and stepped back on the neckline support of the head and shoulders bottom, and then it is bullish to go above the white trend line. After a year or so, it will break through this white line to a new high.
Btc Last Support To attract 31000$This is an educational idea only, do not take it as investment advice.
BTCUSDT looks range bound. If falls below 25800 we can see a fall upto 19800, if bounced back from 25800 we can see a rise upto 31000.
Let us connect and discuss more possibilities on day to day basis.
#btc CRYPTOCAP:BTC #crypto #sec #binance #bnbbull
AXIE INFINITY AXIE INFINITY has been contracting and falling for a year, though the bottom cannot be confirmed but maybe we surely can risk 3-5% for this swing expecting a 20-30% upside. I am bullish on this.
Accumulation/ Entry Zone - 5.5-6.5$
Lock Profits at - 8$, 9.3$, and 11$.
#bitcoin #crypto #axie
Bitcoin BTC Bull Market Golden CrossBitcoin BTC bull market golden cross, 5-day moving average MA10 crosses MA100 golden cross, this golden cross also appeared golden cross signal in the past bull market, 2012 bull market golden cross, 2015 bull market golden cross, 2019 bull market golden cross, 2020 bull market golden cross Fork, 2023 bull market golden fork again, such an obvious signal is right in front of you, what you do is people who don’t believe it, life and death are bearish, if you don’t accept it, you will do it, only the blind will not see the bull market golden fork, blow up the short, get rich and long, in the middle Satoshi Ben said: If you don’t understand or don’t believe it, I’m sorry, I don’t have time to convince you. The starting point of the bull market surge is on the moving average in front of you. The bull market is coming, and the point of the sword is invincible.
Bitcoin Symmetrical Ascending TriangleBitcoin BTC symmetrical ascending triangle, the daily low point is getting higher and higher, the bottom price is rising, the green trend is the low point trend line, according to the trend rule, it will break through the red trend line, and then reach a new high price, within the triangle is a shock, until If you break through the red trend line above, you can get out of the shock range. Normally, this trend will eventually break through and rise.
The Elliot wave pattern continues? Yes or No? Lets watchin my previous analysis, i have mentioned that BTC is testing important resistance zone. and Yes, BTC was rejected from 30600 levels and now trading around 26500. It was my stop loss point in the analysis.
But Now, BTC is looking bullish as pattern in 1 Day chart indicating towards the Elliot Wave Pattern. But also BTC is testing 100 MA support levels in a Day candle. Previously ( Highlighted in Orange circle ) it was tested at 20400 levels and you can see a bullish pump in BTC. are we going to face the same? well, i have feeling that Yes. but there are few conditions;
1) If we see the same pump as per previous time from the 100 MA support line, We are good and BTC can test the levels of 33K to 35K . Its a very strong resistance in terms of volume, as per my VRVP indicator.
2) If we see more downtrend, BTC going to test levels of 23K to 25K . from there we can see a pump in BTC to levels of 30K to 33K .
Now, i was following my previous analysis, i have taken Short Position from 30200 levels and closed at 27500. Good Profit. BINANCE:BTCUSDT 😃😝. again, i have taken short position from 28700 and closed at 26200.🤩
Please dont forget to add stoploss in any of your trad. Have a safe trading!!!
My BTC 2023 scenario 48K or 60-62K? Hi dear community and my loyal followers, I hope you are fine.
I'm looking at weekly log chart of BTC.
As you noticed from my previous analyses I compared 2022-2023 with 2015-2016 and not with 2019-2020 coz they are very identical. Taking into account this similarities I nailed any single move from the bottom of 2022/15.5K/ to the current moment /30K/.
As you see Based on my measurement and similar move I don't expect BTC to dump below 25K instead of it I expect pump to 35-37K maybe a little bit higher/37-38K/ filling weekly FVG zone and reached the same % pump as BTC did in 2015, after that we'll see dump to 20-22K filling daily GAP on BTC futures. Then we'll see see huge bounce towards 48K if we count 30% from the top and 60-62K if we count from the last swing high 37-38K to the top as it is shown in 2015. The worst case I expect 48K in 2023. When BTC reaches 48K or 60-62K we should see deep correction to 25-28K in case that BTC new ATH will be hit in 2024-2025.
If you like my analayses don't forget to check below analyses, like, comment, follow and share please. I will appreciate any kind of support. Have a good day, I wish you good trades and big profits.