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COMPLETE BTC ANALYSISHello everyone! I will express my sentiment towards BTC / USDT in longer graphical times due to the level of reliability. Reminding everyone that analysis is not financial advice, but what I think about the asset. You are solely responsible for your profits and losses, so never invest any amount in an operation that you are not willing to lose. Well then. As can be seen from the weekly chart, BTC, when breaking the LTB (red line), started wave 1 of Elliot, in the region of $ 9.8k, extending up to the average price of $ 19k. There was a decrease in the price of the asset represented by wave 2 of Elliot, between the region of 0.236% -0.382% of the Fibo retraction, which averaged $ 15.9K. Therefore, Elliot wave 3 (propulsion wave) began, which, incredibly, hit exactly the region of 2,272% of the Fibo extension, with an average price in the region of $ 34.9K, which coincides exactly at the top of the channel (blue), easily seen in the chart above. Apparently, the recent fall of the asset is due to several factors, among them the lack of BTC in the exchange to purchase the asset in large volume (believe it, there is), extension of wave 3, indicators and oscillators in levels very high and even by the mathematical rule of the pivot formation market for the price movement. Withdrawals are always expected and this is normal! In my view, we are, at the moment, on the most difficult and complex wave of all: the Elliot 4 retraction wave. The big secret is to know to what extent your retraction occurs. We must take into account, initially, two aspects: a) when wave 2 is complex, wave 4 will not be; b) when the wave e is not complex, the 4 will be. But, after all, what is the complexity of a wave? It happens when the wave can go to the bottom, return to the top of wave 3 (if we have wave 4) or wave 1 (if we have wave 2) and return to the bottom again, several times. This characteristic is characteristic of retraction waves 2 and 4. However, sometimes, the general rule is often not seen in practice, in situations where the asset is very agitated, the correction can be minimal and even there is no complexity. Therefore, the theory is relativized in practice. Until the time of this posting, both on the daily and weekly charts, we will only know if wave 4 of Elliot will be complex on the chart when the price hits the top of wave 3 or if the price again goes deep in the region of 28.2k or even less , as long as it does not exceed Elliot wave 1. Elliot's wave 4 never invades wave 1! That said, let's go to the bullish channel defined in the chart. In the middle of the high channel, a dashed line is visible. It is very important that wave 4, if defined as complex due to the price action in the next candlesticks, do not miss the $ 24.5K region, which is exactly where this dashed line exists. It is important that bitcoin continues to make tops and bottoms at the top of the bullish channel, as if it goes down, the asset may seek new fund and become weakened. Care should be taken with regard to this analysis, as the scenario may worsen if this occurs. In the end, I traced $ 40.6k as the final price as the end of wave 5, however, the allusive wave may hit larger Fibo targets depending on the buying force and how the media will report asset growth. It is a good time to make entries and exits manually. Use stoploss according to your risk management. I use loud stoploss due to the manipulation of the big players in this market, but this is very personal. Do only according to what you are willing to lose. Considering the weekly graphical time of the analysis, the reliability is higher, however the study may take days to consolidate. It is a swing trade. I hope I helped everyone. Success!
Long
by rodolfomhn
Bitcoin 4hr analysis 12-12-2020Good morning again ladies and gentlemen and welcome back to my daily look into the world of Bitcoin. Today I have the 4hr time frame pulled up after rebounding a bit yesterday. I saw a few reasons for that and one was quite interesting. More on that in a few. The bulls have drawn the line at 17600 and told the bears that is as far as they can go. We have started marching back and made it above 18k but the gains could be in jeopardy thanks to the abundant resistance that is still above us. Anyways lets take a look at the charts. ( i got a new laptop so its not as easy to type like I did on my old one and until I get used to it I may have a few errors. I apologize in advance for these) Okay I saw something on the charts yesterday that was pretty cool. Its not really surprising after the fact but when it happened I didnt really expect it. So that spark airdrop occurred yesterday for XRP holders. I moved all my money I had on Coinbase into XRP to take advantage of the drop. I know I may get ridiculed for it but whatever, I did it and sold right back into BTC after the snap shot. No surprise as I guess I wasnt the only one with that plan. XRP dropped 11% immediately after the drop. And Bitcoin went from 18k to 18400 approximately in a matter of minutes. I love seeing the markets work like that right before my eyes. The movement of XRP to Bitcoin caused is the main reason for that pump. It was too much of a coincidence to blame it on anything else. I know I wasnt the only one to jump the XRP ship and sell into BTC right after the snap shot. I rarely see a movement that can be explained with confidence like this one. People shorted XRP and that wasnt a bad move either. But longing BTC is another move people could have made thanks to the mass exodus from XRP to BTC. Okay enough about XRP. I just thought it was cool and would share. I also see a lot going on with the BTC/USDT chart. Lets just start with resistance. Support and resistance is the most important info a trader can use on the chart. Being able to identify support and resistance is key to learning to trade well and resistance is abundant at the moment. We have the 4hr cloud above us (bottom border is around 18900) and just below that we have the 4hr 50 MA at exactly 18664. We also must not forget the hidden resistance that isnt marked with an indicator. But its clearly support/resistance. I drew a horizontal line around 18464. We are knocking on that resistance door and if we can break it the bulls arent out of the woods by any means. But its a start. With all that resistance its easy to see people getting discouraged and sentiment changing. Crypto traders and investors are so spoiled. LOL. We expect everything right away. Believe me Im just as bad as any of you. Anyways support is next. We do have some support below us. And its pretty promising. The uptrend we have been in for months is supporting us and could likely keep us from losing ground. Especially since the 4hr 200 MA is merged with it. When support is merged together it makes stronger support and traders tend to be more confident in going long in a double support situation. I know that I am more confident when I see support overlap. December the 17th will be the final day we can remain in this pattern. We may break out before that but for now I can map out the top border and bottom border and see that a move is likely on or before December 17th. I really wont sit here and speculate which way the market is gonna jump. I will say the bulls have a real shot at breaking 20k before 2021 if they play their cards right. It wont be easy. But Bitcoin certainly has taught me to expect the unexpected. I will say I took profit this year and that is why Im typing on a new laptop. I love me some Bitcoin. As the year ends people may or may not start seizing profit to pay taxes and xmas credit card bills etc. Its just a fact of life folks. I cant promise BTC is going to drop to 3k but it may drop and we should all be prepared for the worst while we hope for the best. Exercise risk management. Make good choices! WTFDIK right? TLDR: I am going to do a giveaway this coming week in the group Crypto Coin Trader on Facebook. I ordered a .999 silver Bitcoin and also have 100 dollars worth of Bitcoin to sweeten the pot. If you want to participate stay tuned. As soon as I get the coin in my hand I will post the contest. Have a great weekend yall!
by UnknownUnicorn4304403
BTC Update (Feb 17)Our 2 buy orders at 9750$ and 9550$ were filled. This is the best opportunity to accumulate more BTC to catch the big Altcoin season. Here is our plan - If you just want to trade BTC/USDT, BTC will back to above 10000$ in next 2 days and will try to test 10500$ zone - If you want to earn money effectively in this period, let you give BTC a safe range above 9000$ to keep trading Altcoin. And try to gain over 10% profit and don't worry about BTC in this period. Just try to buy Altcoin with the best buyzone
Long
by CryptoStation
BTCUSDT TRADING POINT UPDATE >READ THE CHPATIANBuddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for BTC USDT signals 🚀. BTC list 3 months. Drop 💧. moment close below 👇 big support level now. See tow Big support level. One said close that expect it buying or selling position. 80k close below 1D candle that expect more selling position 49k. ) if not close below 1D back up trand close above 82k 83k expect it more Bullish trend 📈 📈 Key Resistance level 104k Key Support level 80k 49k Mr SMC Trading point Plaes support boost 🚀 analysis follow)
by SMC-Trading-Point
BTCUSDT TRDAING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for crypto BTC USDT crypto currency 💲 crypto Traders BTC USD ready for. A New. ATH that month Technical patterns support and Resistance level 🎚️ Look good bullish trend 📈 114k don't dare qt Hit but soon 🔜😁 Key Resistance level 106k + 107k + 109k + 114k Key Support level 97222 - 94219 - 92105 - 89219 Mr SMC Trading point Pales support boost 🚀 analysis follow)
BITSTAMP:BTCUSDLong
by SMC-Trading-Point
Bitcoin Outlook: Bullish Momentum with the New YearWith Donald Trump now back as President in America, the success of initiatives like Trump Coin serves as an example of what’s possible. Similarly, Bitcoin appears poised to attempt a new high as we enter the new year. However, before that, we’re seeing some bearish retests and market pullbacks. These corrections are part of the process before Bitcoin pushes toward a new high. I’ve explained the analysis in detail on the chart for better understanding. Don’t forget to like, comment, and follow for more updates!
BITSTAMP:BTCUSDLong
by MrStellanSight
2
Bitcoin Price Analysis: Key Zones to Watch on the 4-Hour ChartWhat is Happening in the Chart? 1. Resistance and Supply Zone (Order Block): Bitcoin is approaching a significant bearish order block (red zone) near the $100,000 mark. This area represents resistance where sellers may take control, pushing the price downward. 2. Potential Retracement: Before continuing its upward trend, Bitcoin may retrace to fill the fair value gap (FVG) and test the 0.5-0.618 Fibonacci retracement levels. These zones are historically strong areas for buyers to re-enter the market. 3. Support and Demand Zone: The bullish order block (green zone) near $92,000 aligns with the retracement zone. This is where Bitcoin might find strong support before resuming its upward trajectory. Outlook for BTC/USDT The chart predicts a potential pullback to $92,000-$95,000, followed by a bullish rally aiming to break through resistance at $100,000. If Bitcoin clears the bearish OB, the price could target new highs, potentially surpassing $105,000. Key Levels to Watch: Resistance: $100,000 (Bearish OB) Support: $92,000-$95,000 (Bullish OB and Fibonacci zone) --- Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and trading involves significant risks. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Long
by Trade_lyst
5
Prepare to BUY Spot SANDUSDT (W Cycle)🚀 Prepare to BUY Spot SANDUSDT (W Cycle) 🌟 SANDUSDT is entering a new W cycle – A fantastic opportunity for mid-term gains! 🌟 🌍 Market Overview: SANDUSDT is showing strong bullish potential on the W timeframe. This provides a strategic entry to benefit from the upward momentum in the market. 📊 Trade Plan: 📌 Entry Point: Around $0.48 - $0.57 – Ideal accumulation zone. With Indicator: Confirm entry with your setup to maximize precision. 🎯 Target: From 1.5x to 5x – Depending on market performance and exit timing. ⏳ Hold Time: 4–8 weeks – Aligned with the expected W cycle trend. 💡 Note: Combine the suggested price range with your trusted indicator to ensure an optimal entry point. Be prepared to adjust your strategy as market conditions evolve. 🔥 SANDUSDT is on the rise – Don’t miss this exceptional mid-term trading opportunity! 🔥
Long
by rainbow_sniper
Bitcoin Holds Steady: Will It Break $100,000 or Pull Back?Bitcoin (BTC/USDT) is currently trading around $97,531, consolidating after a strong rally earlier this month. The price has encountered resistance near $99,390, forming a potential rounding top pattern that hints at short-term exhaustion in the bullish momentum. The resistance zone at $99,390-$100,000 remains a critical barrier. A breakout above this level could signal the continuation of Bitcoin's upward trajectory, potentially targeting the $102,000-$105,000 range. However, the failure to breach this zone would increase the likelihood of a pullback. If a pullback occurs, Bitcoin is likely to test the key support area around $93,994-$94,000. This level has previously attracted buyers, and a bounce here could reinforce the broader bullish structure. On the other hand, a decisive break below this support would shift the sentiment to bearish, opening the door to further declines. At this juncture, Bitcoin remains in a neutral-to-bullish phase, with its next move hinging on whether it can break the psychological $100,000 barrier. Traders are advised to watch the price action closely around these pivotal levels as the market awaits a clear direction.
Long
by Sanhara
Bitcoin Holds Steady in Ascending ChannelBitcoin (BTC/USDT) continues to trade within a well-defined ascending channel, currently hovering around the $91,600 level. The chart illustrates a consistent pattern of higher highs and higher lows, supporting a bullish outlook in the short term. Analysis and Projection: Support Zone: The lower trendline of the channel at approximately $91,000 acts as a strong support level. A bounce from this area could propel BTC toward the midline and potentially higher resistance levels. Resistance Zone: The $93,500 mark represents the next key resistance. A breakout above this level could pave the way for a push toward $95,500 or beyond. Trading Strategy: Bullish Scenario: Enter long positions near the support line with targets set at $93,500 and $95,500. Bearish Scenario: A breakdown below $91,000 could invalidate the ascending channel, signaling a potential shift toward $90,000. Traders should monitor price action near critical levels for confirmation and adjust strategies accordingly. The channel remains the guiding structure for Bitcoin's current trend.
Long
by Sanhara
How would Bitcoin react? Btc/Usdt Chart analysis Bitcoin on Hourly chart is has formed HH & HL (HIGHER HIGH, HIGHER LOW). Trend is definitely bullish but after a massive move every assets goes for a correction. Looking at hourly chart we can see that Bitcoin is trading in range bound and it need to take any side liquidity for any trade to be executed. For buy we would suggest to wait for the ATH (All time high) to be breaken out. So sell side we would suggest to wait for a MSS( Market structure shift). Weekends are usually slower for Crypto market. We will wait for the first Asian session of the day to start and will trade plan accordingly
by Trade_lyst
1
BTCUSDT: The downtrend is aiming. Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met. Detailed Trading Plan: Current Market Condition: The price of Bitcoin is trading below two key EMA lines, which signals a potential continuation of the bearish trend. The price has attempted to break through the resistance level near $62,700, but multiple rejections (indicated by red arrows) suggest that sellers are in control. Trade Setup: Sell Entry: Consider entering a short position if the price retests the resistance zone around $62,700 and shows rejection (bearish candlestick patterns or wicks). This is confirmed by the yellow circle on the chart, indicating potential price reversal. Target Levels: The immediate support level is identified near $62,000 (green zone). However, if this level is broken, the next target would be the $61,238 zone, marked by the dotted black line. This level represents a potential deeper correction. Stop Loss: Place a stop loss slightly above the resistance zone, around $62,800, to protect against potential upside breakouts.
Short
by Suyouu
BTC Bitcoin BINANCE:BTCUSDT BINANCE:BTCUSDT.P BTC/USDT right now there's a critical level around the $56,950 area, marked as a high liquidation leverage zone. This level has previously acted as a strong support, and given the current market conditions, it could be a potential bounce point. The price recently pulled back sharply, but we're seeing signs that buyers may step in around this area. If we get a solid bounce, the next resistance levels to watch are around $58,500, $58,750, and $59,500 – areas where sellers could re-enter the market. However, keep in mind that a break below $56,950 could lead to a deeper correction, possibly down to the $55,000 range or lower. It's crucial to monitor volume and price action closely here. Look for bullish candlestick patterns or a higher low formation as potential confirmation of a rebound. Manage your risk accordingly and wait for confirmation before making a move!"
by hfwkjfhbwkjhfbu
#Bitcoin Heating Up: Analyzing the Bulls' MomentumIt sounds like you're analyzing two potential scenarios for the BTC/USDT pair. Let's break them down: 1. **Retest of $60,000 to $59,000, then liquidation of longs, followed by a rise to $84,000:** - This scenario suggests that Bitcoin might retest the $60,000 to $59,000 level, possibly to shake out weak hands or test support levels. After this retest, it could liquidate long positions (which could lead to a sharp drop in price) before ultimately rising to $84,000. - This scenario implies a short-term bearish movement followed by a significant bullish move. 2. **Fall to important support levels of $53,000 to $52,000, then rise to $84,000:** - In this scenario, Bitcoin would fall to the $53,000 to $52,000 support range, possibly indicating a deeper correction. After reaching this support level, the price would then rally to $84,000. - This scenario suggests a more significant correction to key support levels before a strong recovery to new highs. Both scenarios indicate potential short-term volatility and significant price movements. It's essential to consider the overall market conditions, news events, and technical indicators when evaluating these scenarios to make informed trading decisions.
BITSTAMP:BTCUSD
by crypto_vulture_signals