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Btcusdanalysis

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.
BITSTAMP:BTCUSDLong
by RK_Chaarts
7
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
Long
by TheNewsCrypto
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.
by TheNewsCrypto
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.
KRAKEN:BTCUSDShort
by AskToRahulSirohi
1