BITCOIN at Rising Wedge in BearishZoneBITCOIN 1-hr. Chart Analysis
As per present Scenario in BTC, its moving perfectly into Rising Wedge Pattern. So, it will be try once again a Uptrend cycle up to $31,950 and reverse back very fast into Downtrend cycle up to next 48 hrs. maximum.
While, as per FIB extension, BTC chart displays every retracement of down cycle towards FWB:27K
Always #DYOR before invest in Crypto
Trader's always use #StopLoss at this situation
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Btcusdanalysis
BITCOIN Weekly Parabolic ChartBITCOIN weekly Chart Analysis
As per previous HYIP growth into last 5-7 days by Market news of Bitcoin ETF, BTC created growth of surprising bullish via market News Trap, but at this situation it never break-out this year high of $31.1k and revert from $30.8k.
So, at this situation of trapping, max. chances it will retest $24k-25k soon up to July 2023, and then from august it will be goes Bullish again and that time Altcoins goes Bullish too and major chances of break BTC $50k will be in Dec 2023 approx. with this year #ATH of $75-80k.
Always #DYOR before investing in Crypto currency at this volatile situation and Trade wisely by using of Stop Loss.
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BITCOIN at Broadening Wedge Top PatternBITCOIN 1-Hr. CHART ANALYSIS
As per hourly chart of Bitcoin, its moving at Broadening Wedge Pattern for again a bullish trends towards FWB:29K , but still as per Daily chart pattern, its final cut-off point is near about $28.5k to $29.5k for another Divergence cycle of Downtrend too...
so, invest & trade wisely by using #StopLoss and #DYOR always.
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BTC Back to $10k?? The BTC is trading the 6month in Bullish Fair Value Gap, thats why it is bullish right now.
But if it the 6month Candle Stick Fails to Close above the 6month Fair Value Gap, then we can see the Bear Market for 2024, 10more days to go to form a new 6month Candle.
Also there is a Volume Imbalance, which market has to Balance before going up.
Higher Volume Imbalance Act as Magnet in the Market.
NOTE -
Big Panic Sell might happen in BTC.
Be-careful while Investing Longterm in BTC, Market maker are taking Liquidity to Short and play Against to your Long Position.
DON'T FALL IN THERES TRAP.
BTC is really Hot right now!!!!There is a Volume Imbalance in the BTC, We can see a short sell from this POI.
keep the SL above my supply Zone (risky one).
Right now the market has reacted to sellside OB,
if this OB fails to hold, then the price will come up to my Supply POI,
after grabbing liquidity from the OB we can see a good reacting from the Supply POI.
Let's see how market deliver the price.
BITCOIN Parabolic View for BullRunBITCOIN Parabolic View from 2017 to 2025
Its just forecast proposal for upcoming Bullrun & Last Lowest Cutt-off Points...
As Per my Chart Analysis...
Bitcoin Lower Points 🙏
1st Lower-High Cut-off
$23.5k- $21.5k
2nd Lower-Low Cut-off
$21.5k-19.5k
3rd Lowest-Low Cut-off
$17.5k-$15.5k
&
As per FUD FOMO impact
Last lower reversal point is $13,842
So,
There will not any chances to break $13.5k
Bcoz,
At present BTC Mining cost is around FWB:13K
Always #DYOR before investing in Crypto at this volatile stages.
Bitcoin Towards Bearish Zone Soon#BITCOIN 2 hr. Technical Analysis
As per present trending chart from June starting, BTC previous cycle moved on Bullish Pattern as per Regression trend, while into present cycle it is moving on Bearish Pattern as per Regression Trend and soon will be major chances to break out strong support of $25.2k within 48hrs.
BITCOIN MARKET ANALYSIS: MAJOR SUPPORTBitcoin is hanging by a thread and is at critical support on the higher time frames. It is at key demand zone of 25.4k - 24k zone. If the level holds, we could see a rally in BTC towards 36k-40k.
However a break of 24k with candle closure, is not going to end well. We could see a further correction to 18k if this were to play out.
Watch these levels closely in the coming days/weeks.
Bitcoin analyzing Elliot wave counts, Buy on Dips or on BreakoutHello Friends,
Here we had shared possible Elliott wave counts on 4 hourly chart of BTCUSD BITCOIN, which clearly indicates that we are in some kind of impulse wave, where we can get fresh opportunity to go long very soon, but, how and where, at which level, every thing is explained in this video post, so please go through out this video.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
snap shot of possible Elliott wave counts
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Bitcoin's Descending Channel: Analysis & ImplicationsDecoding Bitcoin: Weekly Time Frame - Descending Channel Pattern
Bitcoin has been trading within a Descending Channel Pattern since February 2021, presenting opportunities and challenges for traders based on technical analysis. Let's analyze each period from a technical perspective and consider their potential impact on future price movements.
Period: Feb 2021 to Mid-Jul 2021 (50% Valuation Loss)
During this phase, Bitcoin entered the Descending Channel Pattern, displaying a four-phase Wyckoff structure on the daily timeframe. With a high of $64,854 and a low of $29,278, Bitcoin experienced a significant 50% price decline, indicating a prevailing bearish trend.
Period: Mid-Jul 2021 to Mid-Nov 2021 (230% Valuation Gain)
This phase witnessed an impressive bull run for Bitcoin. Surging from a low of $29,278 to a high of $69,000, Bitcoin recorded substantial gains of approximately 230%, reflecting a prevailing bullish trend.
Period: Mid-Nov 2021 to Early-Nov 2022 (80% Valuation Loss)
Bitcoin faced challenges in this period, characterized by significant volatility and market traps. With a low of $15,588, Bitcoin experienced an 80% valuation loss from its previous high of $69,000, signifying the continuation of a bearish trend.
Period: Early-Nov 2022 to Present (Potential 150% Gain)
A new bullish phase emerged during this period. Bitcoin rallied to a high of $31,000, representing a 100% valuation increase from the previous low. Currently consolidating near the Trend Line Resistance level within the $25,000 to $31,000 range, a breakout above resistance could indicate a continuation of the bullish trend, potentially targeting the $47,000 level based on historical patterns
BTC: A Promising Breakthrough on the HorizonDiscover the Untapped Potential of BTC: A Promising Breakthrough on the Horizon!"
Attention all traders and BTC enthusiasts! Get ready to embark on an exciting journey in the world of cryptocurrency. BTC is currently hovering around the 27080 level, comfortably nestled within a consolidation phase. But here's the exciting part: beneath this calm exterior lies a hidden pattern that holds immense promise for all.
Since May 5th, BTC has been following a fascinating pattern of lower highs and lower lows. However, we find ourselves standing at the threshold of a potential turning point, where fortunes may shift in our favor. We have reason to believe that BTC is poised to make a remarkable climb towards the coveted 28220+ level.
Now, let's delve into a strategy that can help us unlock the full potential of this opportunity—the SMC concept. By exploring the Order Block Zone, projected at an intriguing $26660, we can uncover the catalyst for BTC's resurgence. Our eyes are set on reaching the recent swing high at $28218, a significant milestone that awaits our successful journey.
Entry : Look for a potential entry point near the Order Block Zone at $26660.
Stop Loss: Set a stop-loss level at $26350.
Target: Aim for the recent swing high at $28218.
Bitcoin Uptrend Retest & Rejections#Bitcoin is under very critical zone now a days and mostly moving around $26.5k to $27.5k, while many times it rejects for uptrends and retest for #BearishZone of FWB:25K -24k but majority of chances, between 20 may to 20 June 2023, BITCOIN will be under #BearishZone of $24k to $22k and then FWB:21K - $19k too....
DISCLAIMER-
It's not any #FA, its just proposal as on chart analysis and previous market trends with public sentiments. for better results always #DYOR.
BITCOIN moves at Elliot Impulsive Wave#Bitcoin Daily based chart movement as per #Elliott #ImpulsiveWave & #CorrectionWave Pattern, whereas their price up-down zone as per #FIBretracement is Highest Point at FWB:31K & Lowest Point of $15.5k up-to 27 June 2023 max.
All Analytical views, dates and zone displays in chart, as well as #DYOR too.