BITCOIN AGAIN TO 56K😱?Yeah as per technical analysis it should come to 56k.
In my opinion it gives confirmation candle to go 56k.
Maybe it will reach there on Thursday or Friday ( economic data news) .
Learn to analysis by yourself.
Peace.
BTCUPUSDT trade ideas
Bitcoin Urgent market Update about RejectionBTC/USDT Urgent Analysis
➡️ Current Situation:
BTC has faced rejection at a higher high (HH) and is testing the resistance trendline (TL).
➡️ Bearish Scenario:
There’s a possibility that BTC may retest the $57,000 range.
➡️ Key Levels to Watch:
- $64,500: Crucial level! Breaking above this indicates a bullish move towards $100K.
- $65,540: Place your stop loss here if you have open short positions (avoid high leverage).
- $67,300: The last HH level. If BTC breaks this, the HH/HL pattern is invalidated, signaling a bullish rally towards $100K.
Stay alert and manage your positions carefully!
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ?
High Risk-to-Reward Reversal Trades
- Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards.
- Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit.
- All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal.
Opportunities for Traders:
1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades.
2⃣ Use tight stop losses and further take profits for maximum reward.
3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels.
CRYPTOCAP:BTC #BitcoinETF
Bitcoin Weekly Closed is Epic so Ready for Massive Run?Epic Weekly Close for Bitcoin!
BTC is gearing up for a massive run
If BTC holds above $56,570, we could see an impressive rally soon!
Keep an eye on the charts as history suggests sustained breakouts lead to significant gains.
#BTC #Bitcoin #Crypto #CryptoAnalysis
Bearish divergence! You know what you have to doAt 15 min. Time frame, Bearish Divergence is forming. Which is not a good thing for bulls / buyers.
Bitcoin BTC Parallel ChannelsBitcoin BTC Parallel ChannelsBitcoin BTC parallel channel, the red one is the plummeting channel, and the blue one is the falling oscillation channel.Bitcoin BTC parallel channel, the red one is the plummeting channel, and the blue one is the falling oscillation channel.
Bitcoin Following my Interesting Path prediction Now bitcoin exactly following my prediction path.. now let's see what bitcoin show next.. it's fall to 53000 or soars to 70000$ ?
Recent Idea going perfectly as Bitcoin follow my Dumping PathIn recent days I told many times about upcoming dump in crypto because of usdt.dom and btc.dom showed a significant bearish scenerio. Now the Bitcoin following my Dumping Path and if it's same in future then we'll see 52000 as next stop of Bitcoin.
Bitcoin Update on 03.05.2024Bitcoin Update 03.05.2024
A.O.A And Good Morning To All Brothers And Sisters!
Bitcoin Bounced Back As Mentioned in My Yesterday Analysis. Now As I Said Before this Can Be Just A Retracement. And At The End of Today Bitcoin Can Reach Our Weekly Reversal Point.(Red Arrow Path)
Second Scenario:
Bitcoin Can Continue up To Liquidate All Seller And Then Back To Retest Our Weekly Area. But 60841 is Very Key Point And Thats Why I Put my Stoploss On sell Trade There. If Price Break That Level then Go Up. Otherwise Reverse Before Hitting Stoploss.
Lets Check Which Scenario Follow Bitcoin.
Wish you all Very Nice Day
$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern
Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag.
Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000
However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k.
Stay cautious and keep an eye on these key levels!
#Bitcoin #Crypto #TechnicalAnalysis
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,
BTC PlanBTC is doing ABC correction.
We are in the wave 3 - strongest wave to downside.
Then looking for bottom signal finish with 5 wave
Bitocin Update On 02.05.2024Bitcoin Update 02.05.2024
A.O.A and Good Morning to All Brothers and Sisters!
As Forecast Yesterday Bitcoin Dropped and Supported by Exactly our Yellow And Blue Area. And Just Bounced Back From Blue Area. Till Now Bitcoin Has No Direction. But Try To Break The Yellow Area. And Last 4H candle Retest Now. Price Can Grow Up And Touch The 4H Resistance but This Will Be Just Retracement. Not Trend Reversal.
But Trend Reversal is Not Considered till When Price Break the Diagonal Line(Arrow#5). Price Can Drop More And Touch our Second Reversal Point. According to This I Wait For Buy Trades on Alts.
I Wish You All A Very Nice And Patience Day.
Down trend. Waiting short- price interact with KV
- waiting OB, Liquidity when price to go to KV
- price close to on KV => No action.
PRICE UNDER 62k (KV important) => Short
Bitcoin Analysis on 01.05.2024Daily Bitcoin Analysis 01.05.2024
A.O.A And Good Morning to All Brothers and Sisters!
As Forecast Yesterday. We Have Created a New Low On Price Yesterday. And That Makes A Bit Changes. We Have Now a New Diagonal Line and Today We look The Chart On Daily Time Frame. Reason Is Monthly Candle is Closed under The Area(64850). And That A Bearish Signal, Even Actuall Candle Reverse and Eat All Last Month Candle.
On Chart You See Black area. Today's Candle Is Under That area And if Close Down Side Then We Have Another Bearish Confirmation.
According to These All Signals We Have More Chances To Drop Down Then Reverse The Trend.
Till 64000 Bitcoin Has Just Retracement. So Please Pay Attention On All You Buy Trades.
Wish You All A Very Nice Day.
Bitvoin Update 30.04.2024Bitcoin Update 30.04.2024!
A.O.A and Good Morning to All Brothers and Sisters!
Yesterday Bitocin is Supported By Diagonal Line(Arrow#3). And Bounced Back. But Just Now Is Rejected By Important Resistance (64854).
We Are Very Near To Yellow Lines Too. And If We Reverse The Trend from Here. We Need Just Some Force To Break Them. Same time If Bitcoin is Rejected by These Yello Lines. Next Reversal Point(54142) Is Secure. Now We Have To Focus Arrow#3&2. And Breakout Of These Two Line Will Give Us The Direction.
Today Is Also FOMC and I think That Bring us A Huge Volatility. Please pay Attention To All Your Trades. Avoid to Open New Trades. And Wait Till We Have Closed At least Daily Candle Close.
I Wish You All Very Nice Day.
$BTC | 1H: Today PlanSellers have dominated the #Bitcoin today, leading to a bearish trend with more red candles expected.
However, a potential bounce is expected around the $61k POI as Bitcoin ETFs are set to launch in Hong Kong tomorrow. LFG!
Previous Day:
VAH: $63960
POC: $63667
VAL : $63440
Date: 29 Apr 2024
Bitcoin Update 29.04.2024A.O.A And Good Morning to All Brothers and Sisters!
As Expected Yesterday Weekly Candle Closed Under Our Yellow Area. And On Monthly TF We Have Just 2 days. If Price Reverse From Here Then Price Can Bounce Back. But if Close under Yellow Area. Then Second Reversal Point Is Our Next Target. Updated Reversal Point now Is 54142.
To Know Better on Daily TF. There is A Diagonal Line(Arrow#3). If Break down Side Then Price Drop. But If Supported Is Good Reversal Signal. Alts Still Not Sure To Open New Trades
BITCOIN ANALYSIS 28 APR 24BITCOIN ANALYSIS 28 APR 24
currently BTC is forming a chart pattern Bullish Pennant now i believe
soon it will give a breakout in upward direction will be reached soon
BITCOIN LONG IDEABTC seems to go for long to take liquidity,
Entry 63500 - 64000
Targets 67000, 70000, 73000
Stop 62500
BTCUSDT.P | 4H | TECHNICAL CHART | Hello traders, Wait breakout !
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
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TraderTilki
