BTC bitcoin big cycle ABC waveBTC bitcoin big cycle ABC wave, the green line is the trend line is the target position of C wave rise, the vertical line is the time period of arrival, three waves ABC, A wave rises, B wave falls, C wave soars, and the long line is mainly back to the highest in history Nearby, and broke through the highest point in history, and finally rushed to a record high of more than 100,000. The volume of C wave can be enough to rush to a position close to 200,000. The surge of C wave will definitely hit a record high and break through 100,000.
BTCUSDT
Btc analysis & spot entry with supp & resis, fib retrac daily TFAs we approach the FOMC meeting tonight, there is a possibility of a negative impact on the market if the Fed decides to increase interest rates. In this scenario, we may see an opportunity to enter the BTC market at lower levels.
Looking at the daily time frame, we can identify key levels of support and resistance to inform our spot entry strategy. Specifically, there are marked spots where we may consider entering the market. Additionally, there is a Fibonacci retracement golden pocket that serves as a potential support level.
However, it's important to note that if the 20 MA and 50 MA fail to provide support, we may witness a downward trend towards the 200 MA. As such, it is crucial to keep a close eye on the FOMC meeting as it may cause significant volatility in the market over the next few days.
In summary, our analysis suggests that there are several opportunities for spot entries in the BTC market on the daily time frame, with potential support levels and a Fibonacci retracement golden pocket. Nonetheless, market volatility may increase in the coming days, and we should remain vigilant for any signals of downward momentum.
BITCOIN 21-March-2023 ANALYSIS AND PREDICTIONSToday as we can see IN bitcoin price there is an resistance range between 28269- 28861 and a strong support zone is in between 26986-26807
SCENARIO 1
If we see a strong breakout above 28800 then only we should buy
SCENARIO 2
For today if we see a breakdown below 27600 we should take take profit at support level because from there we can see a bounce back.
CONCLUDING ANALYSIS
Today I can see a range bound movement between 27600 - 28800. Strong breakout above 28800 can take the price upto 29000 and further more
Wait for a clear and decisive move above or below of the given levels.
✅ BITCOIN SUPPORT AND RESISTANCE LEVELS
SUPPORT 1 - 27600
SUPPORT 2 - 26800
SUPPORT 3 - 26000
STRONG SUPPORT ZONE - 26986-26807
RESISTANCE 1 - 28861
RESISTANCE 2 - 29394
RESISTANCE 2 - 30731
STRONG RESISTANCE ZONE - 39875-40000
Bitcoin BTC daily trend line cycleBitcoin BTC daily trend line cycle, the red line is the bottom in the past, breaking the previous support and turning resistance is the position where it will rebound and rise in the future, the vertical line is the future top date, the red hammer is the future top price, and the green line It is the top of the past. Breaking through the previous resistance and changing to support is the position of stepping back on the support now. It has successfully stepped back on the support in the short term, and it has belonged to the breakthrough trend line in the past. When the trend line is broken, it is bullish. When the trend line is stepped back, it is the last up The opportunity for the car, now the opportunity is in front of you, others are afraid to be greedy, and are ready to start a long-term bull market.
BTC/USD - Weekly OverviewThe past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K.
On the Fibonacci retracement table, the 0.5 FIB level acted as a strong support zone for BTC while it currently faces resistance at the 0.786 FIB level.
Technical indicators including the RSI and MACD have shown significant build-up for a positive bounce back.
Overall, BTC is facing resistance at $23K and $25K, while the support levels can be placed at $20K and $18K.
BTCUSDT LongOn observing chart pattern, from 19500 level, step up pattern is found. It is bullish pattern. We should maintain our bullish view till BTC breaks 20200 level.
If, BTC crosses level of 20600, we will see a good bullish momentum.
It is basically chart pattern analysis without using any indicators.
It is only for the education purpose.
Btc analysis bearish divergence on its daily TF with sup & resisIf we compare BTC's current ascending chart pattern to past patterns, we can see that for an upward trend, we would need a powerful rally to break the upper trend line. However, when we look at the RSI indicator, we see a bearish divergence, as the graph is going down while the price is going up.
Therefore, it is important to keep an eye on the RSI as well. If the breakout goes down, I have already marked some areas where you can enter the spot if you choose to do so. I am also attaching a chart to show the reason.
Bearish divergence
A bearish divergence occurs when prices continue to form higher highs (typical in a bull market) while your oscillator (in this case an RSI) is forming significantly lower highs (indicating weakness in the trend.)
Please let me know if you would like me to clarify anything further
BTCUSD possible Elliot wave counts, are we heading towards 10k ?Hello Friends
Here we had shared possible Elliot wave counts of BTCUSD bitcoin which are aligned from weekly to daily and daily to 4 hourly, so conviction is getting more stronger due to alignment of multi time frame's wave counts.
From the starting point of BTCUSD we had tried to plot wave counts and it's showing that we are now near to complete correction phase as A-B and C, on completion of wave C whole correction wave cycle as a wave (2) must be complete, so after A-B now we are in C wave which should unfold in five subdivisions, in which we had completed 1st , 2nd, 3rd and now 4th wave of C, and now possibly we have started to unfold final wave 5th of C, in which we are near to complete one degree lower wave 1 of 5th wave of wave C of bigger wave (2). As per Fibonacci and Elliot wave measurements we can assume that we can witness new fresh lower lows compare to previous lows.
Question clicking in mind that, are we heading towards 10k ? God only knows. Post correction fresh impulse should start as a fresh journey towards north.
In current scenario if price give some rally upwards which can be part of wave 2, which should not retrace 100% of wave 1, One can find shorting opportunity on rise only, along with invalidation level of swing high of initial point of wave 1 which is pegged at 25271 as a selling stop loss.we are not responsible for any kinds of your profits and your losses.
My studies are for educational purpose only, please note this is not any type of tips or advisory, I am not sebi registered analyst or advisor, please consult your financial advisor before trading or investing.
we are not responsible for any kinds of your profits and your losses.
Thanks
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...!
Disclaimer.
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.
THIS IS BITCOIN TETHERUSSo as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we have to wait for the market to come in the POI price entering the box is called MITIGATION.
18FEB23 1:30 price entered the box and we can see a price consolidate.
19FEB23 13:30 placed short entry and my SL is above New HIGH which created on 16FEB23 21:30 @25250
RRR 1:3
21FEB23 13:30 we saw a rejection again! REJECTION FROM PREVIOUS HIGH!!!
CORRECT ME IF I'M WRONG!!!
$BTC Dump or RangingBitcoin saw a 5% correction as a result of the rising wedge. In the 4h timeframe, $BTC has been trading in this range (channel) for the past 41 days and has the potential to touch the channel's bottom trendline as well as the top trendline. If $BTC breaks out of this channel, either up or down, we could witness a significant move. Meanwhile, if you want to trade this range, you can because it is a good channel.
Not a financial advice
Trade at your own risk
Medium-term bullish breakout possibility Recent golden cross on daily timeframe, consolidation over 200,50 and 20 daily EMAs and price compression just below strong resistance.
SL: 21200
TP 1: 31200
DISCLAIMER: not a financial advice, just personal perspective of the market published only for entertainment purposes.
BTC/USD - Weekly OverviewBitcoin faced significant resistance from the crucial psychological mark of $25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%.
MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment.
However, on the Fibonacci retracement table, the level of 0.786 FIB level is proving to be a strong support level for the world’s largest digital asset.
Considering technical indicators, the RSI level has formed a falling channel pattern and looking vulnerable to a breakout to the oversold region. The MACD level has also faced a bearish crossover and currently forming red bars on the histogram.
Overall, the resistance level of $25K and $27K will play a crucial role for BTC this week. However, if the pullback continues, it can find support at $22K and $20K.
NEAR Big move depends on BTCNEAR is in a very good and initial zone to get into.
Still the BTC upper movement is totally dependent on market structure right now, rather than the char analysis.
I have shared my BTC chart analysis too, in my previous idea. But the movement depends on capturing the resistance bar.
After capturing the resistance bar if the uptrend continues, it will very good for Near.
I think 2-2.3 is a good range for Buy .
If long, the manage the SL, as there had been no wick in past 2-3 months. So SL is a must.