Get started

BTC-M

Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count Greetings traders and investors, Current Analysis: The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000. Chart Analysis Recap: The chart shows a clear bullish pennant formation, usually indicating a bullish trend. However, based on my experience, the market often moves contrary to expectations. Pennant Breakdown: #BTC briefly broke upwards before a fakeout and a subsequent breakdown below the bullish pennant. Critical Breakdown: After breaking below the $66,000 level, #Bitcoin dropped further past the red trend line and retested $67,400. Many traders, fearing missing out, opened long positions at this level only to be liquidated shortly afterward. Elliott Wave Count: We're currently in the 5th count of a fresh Elliott Wave and the 3rd sub-wave count. Expect a slight upward move to fulfill the "A" and "B" count. Upward Move: Expect a short-term pump towards $61,000 - $62,000. Major Dump: Post-pump, BTC could dip further to $50,000, with potential dips toward $45,000. Support & Resistance Levels: Support: $51,000 / $42,000 Resistance: $62,000 Note: If BTC breaks above the $62,000 resistance, the Elliott Wave count could change, then i will update. Like & share if you agree with my Analysis Trade safely,
Short
by CryptoPatel
$BTC Plan Blue for Long-term #Crypto Investment:Phase 1 - Buy 50% at 58k Phase 2 -Buy 30% at 49k Phase 3 -Buy 20% at 38k If you're starting a new portfolio, consider buying some Bitcoin and Altcoins at the current price levels and then remaining 50% at 49k & 38k as per our plan. There's no need to fret over your long-term investments, just remember to HODL. Remember, it's impossible to accurately predict the exact bottom of the market, so always do your own research before making any investment decisions. NFA DYOR GL.
BITMEX:XBTLong
by femtoxbt
3
#Aptos Price Analysis: From Symmetrical Triangle to $100 APT/USDT Technical Analysis Update ➡️ Current Situation: APT price was recently rejected at the resistance level of its previous all-time high. Observations on the higher time frame (HTF) charts indicate the formation of a symmetrical triangle. After a breakout, the price is currently retesting at the support level. ➡️ Key Support Zone: The strong support zone and recommended entry levels are between $9 and $7.50 (spot trading). This provides a favorable risk-reward setup for potential entries. ➡️ Long-Term Outlook: In my opinion, Aptos (APT) holds the potential to reach $100 in the long term. This makes my long-term target for APT a solid $100. ➡️ Short-Term Targets: $18 $30 $48 These targets are set based on current market dynamics and breakout patterns observed in the chart. ➡️ Risk Management - Exit Strategy: It's crucial to manage risks by setting an exit point. If the price breaks down below the red trend line, currently around $6.50, consider exiting to preserve capital. ➡️ Market Sentiment: The overall sentiment will need to be monitored closely, particularly how the price reacts at the current support level. Maintaining a flexible approach will be key as market conditions evolve. ➡️ Remember: Always do your own research (DYOR) and consider your risk tolerance when trading. Stay Updated: Follow for more updates and insights on cryptocurrency trading and market analysis.
Long
by CryptoPatel
1
BITCOIN BEARISH OUTLOOOKBitcoin Update: Key Alert! Quick Analysis: As previously highlighted, #Bitcoin remains under pressure. Staying below $67,900 has shown us there’s limited upward potential, and now it's more evident with the recent rejection from $67,000. Bitcoin is currently trading below $62,000, signaling a strong bearish trend. Current Status: Bearish Outlook: Bitcoin's failure to surpass $67,900 has set a bearish tone. Watch out as it now trades below $63,000, which might trigger further declines. Support: $51,000 Resistance: $63,900 / $67,700 Suggestion for Traders Monitor these crucial thresholds and adjust your trading plans accordingly. Stay prepared for swift market movements. CRYPTOCAP:BTC #Cryptocrash
BITFINEX:BTCUSDShort
by CryptoPatel
What's Next for Bitcoin? Understanding Its Current Price MovesWhat's Next for Bitcoin? Understanding Its Current Price Moves #Bitcoin Market Brief Current Status: CRYPTOCAP:BTC is trading near $64,000 amid recent declines. Bearish trends dominate due to global uncertainties affecting crypto markets. Key Levels: Support: Watch $63,800. Falling below could lead us to $51,000. Resistance: Key resistance at $67,600. Below this, expect continued bearishness. Observations: Recent charts show a trendline breakout and retest, suggesting a possible further drop. Stay alert to these patterns for trading cues. Action Points: Maintain strict stop-losses to minimize risks. A break above $71,000 could shift momentum to bullish, signaling a potential new ATH. Suggestion: Focus on technical analysis and update strategies with market changes. Keep an eye on global news that could sway crypto prices. Looking Ahead: A climb over $71,000 might set the stage for new record highs. Keep tuned for updates. #BTC #Cryptocrash
BITFINEX:BTCUSDShort
by CryptoPatel
BITCOIN BEARISH MODE SO READY FOR $50,000 ?#BITCOIN BEARISH ALERT Market Status: Bearish Key Observations: Pattern Breakdown: Bullish Pennant formation has been compromised. Trend Line Status: Currently trading below the key trend line. Targets: $50,000 Condition: This target is set under the condition that #BTCUSDT remains below $65,500. Keep a close eye on the price movement. A sustained position below $65,500 could confirm the bearish momentum towards our target. Stay tuned for further updates! CRYPTOCAP:BTC #Cryptocrash
Short
by CryptoPatel
Crypto Market Update: Bitcoin Dominance & Altcoin SeasonCrypto Market Update: Bitcoin Dominance & Altcoin Season - MIL:BTC Dominance: Bitcoin's market share is near a 3-year high. Remember, a rise in CRYPTOCAP:BTC.D means more market cap is going to Bitcoin instead of altcoins. - Altcoin Opportunity: The best setup for altcoin growth is when MIL:BTC price rises but CRYPTOCAP:BTC.D falls. This means money is moving into altcoins. - Market Status: Altcoins had a tough week, while Bitcoin was stable. If CRYPTOCAP:BTC.D hits 57-58%, get ready for a real altcoin season! - Ready to Act? The perfect time for altcoins is coming. Stay updated and be prepared to move!
CRYPTOCAP:BTC.DLong
by CryptoPatel
ARB/USDT Ready for $10 in current bull market ?Arbitrum ( LSE:ARB ) Technical Analysis: Insights for Traders Short-Term Bearish Trend Analysis Arbitrum ( LSE:ARB ) is currently exhibiting a bearish trend in the short-term trading window. Traders should monitor for potential declines or stabilization in the market, signaling a possible reversal or continuation of the downtrend. Key Accumulation Zones Identified The optimal accumulation zone for LSE:ARB is identified between $1.00 and $0.90. This price range is deemed strategic for traders looking to buy LSE:ARB at a lower price point, potentially capitalizing on future price recoveries. Projected Long-Term Price Targets In the long-term perspective, Arbitrum aims for significant price milestones at $5 and even $10. These targets suggest a bullish outlook and represent critical levels for LSE:ARB to achieve substantial growth. Critical Support and Resistance Levels The support level at $1.30 is crucial; a breach below this point could lead the price to fall under $1.00, marking a new bearish phase. Conversely, resistance at $2.15 is the immediate hurdle. Overcoming this barrier is essential for LSE:ARB to initiate a stronger bullish momentum. Conclusion: Importance of Technical Diligence This analysis does not constitute financial advice but serves as a technical overview based on current chart patterns and market behavior. Traders are encouraged to conduct their own technical analysis (TA) and research diligently before engaging in trading activities. Stay engaged with market trends and updates to navigate the volatile landscape of cryptocurrency trading effectively. Follow for more Crypto quality chart analysis.
Long
by CryptoPatel