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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: BUY RIGHT NOW!Greetings, Traders, 😉 In this post, I’d like to share my analysis and outlook on Bitcoin's potential price movement. Currently, my outlook leans towards an upward trend. Before diving into the details, I recommend reviewing my previous post that covers Bitcoin’s long-term trajectory to provide better context for the following analysis: ⬇️ Previous Analysis Have you gone through it? Excellent, let’s proceed with the rationale behind my current bullish outlook. - ✔️ BTCUSDT.P / BINANCE / 4H / First Rationale I have analyzed the price movement of Bitcoin starting from July 4, 2024. Currently, Bitcoin is trading within a descending channel. Within this channel, the price has strongly respected the "Half Line," which enhances the credibility of the channel. Interestingly, I have divided the channel into four sections, labeling them as "Quarter Lines." Historical price action indicates significant resistance at these Quarter Lines, making it likely that we could see meaningful movements at these levels once again. Moreover, it’s worth noting that a descending channel often breaks to the upside, while an ascending channel typically breaks to the downside. To put it simply: Descending Channel → Likely to break upward Ascending Channel → Likely to break downward Since the current chart forms a descending channel, it suggests a higher probability of an upward breakout. ✔️ BTCUSDT.P / BINANCE / 4H / Second Rationale Key elements to observe in this chart include: 200 SMA (Simple Moving Average) Stop Hunt Ascending Channel Based on these elements, the anticipated movement can be viewed as follows: The Stop Hunt might induce a brief sell-off, followed by a bullish reversal—a strategy commonly employed by large market participants. Given that the Half Line of the channel coincides with the Stop Hunt zone, this area becomes particularly significant. ✔️ BTCUSDT.P / BINANCE / 1H / Third Rationale Focus on the "Trap" that has appeared near the lower boundary of the ascending channel. A "Trap" is a movement designed by market makers to shake out less experienced traders. The interpretation here is straightforward: The price briefly breaks below the ascending channel, triggering stop-loss orders from retail traders. These retail traders are forced to exit their positions. After the Trap, the price often moves to the opposite side of the channel. The current chart suggests a high likelihood of such a movement. ✔️ BTCUSDT.P / BINANCE / 4H / Fourth Rationale This rationale is based on the RSI (Relative Strength Index) indicator and focuses on the concept of "Hidden Bullish Divergence." The conditions for this are as follows: Price: Left < Right RSI: Left > Right Given that these conditions are met, it’s reasonable to expect upward momentum. Additionally, a "Regular Bullish Divergence" is also observed: The conditions for this are: Price: Left > Right RSI: Left < Right Again, these conditions suggest the potential for a bullish reversal. - Let’s summarize the key points of today’s analysis: ⬇️ First Rationale: Descending Channel If the price maintains support at the Quarter Line, a bullish move can be expected. ⬇️ Second Rationale: 200 SMA, Stop Hunt, and Ascending Channel Based on the convergence of these three factors, a bullish scenario seems likely. ⬇️ Third Rationale: Trap The "Trap" is designed to deceive retail traders, and its occurrence often signals a move to the opposite side of the channel. ⬇️ Fourth Rationale: Bullish Divergences Both Hidden and Regular Bullish Divergences have been identified, further supporting the case for an upward movement. - In conclusion, I am maintaining my bullish outlook on Bitcoin. I plan to uphold this perspective unless the aforementioned factors are invalidated. Any updates will be communicated through an updated post. Thank you for reading, and if you found this analysis helpful, please consider giving it a boost and following me for future updates. ✔️ This is not a buy or sell recommendation. ✔️ It is a personal perspective and should be used for reference only. ✔️ All decisions and responsibilities lie with you.
Long
by Killer_Whales
1
[Bitcoin] Bear Trap and Rebound Potential? (9/3)Hello, this is Chartist. Let’s dive into a brief analysis of the Bitcoin chart. First, let's look at the daily chart. Recently, Bitcoin has been declining and consolidating for five days before forming a bullish engulfing candlestick yesterday. This indicates that the bullish momentum of one day is greater than the bearish momentum of the past five days. A bullish engulfing candle can often be an early sign of a trend reversal. Next, let's look at the 4-hour chart. In the 4-hour chart, a Bear Trap pattern is observed. A Bear Trap occurs near the lower boundary of a channel, where the price drops below the channel only to quickly recover back within it. If a swift recovery follows, there is a high probability that the price will reach the upper boundary of the channel. Now, let's move on to the 15-minute chart. Bitcoin has successfully broken above a red trendline and completed a retest, confirming the breakout. Following this, it encountered resistance at a double-top pattern but managed to break through with a decisive bullish candle. The previous resistance level around 58.8K has now flipped to support, demonstrating an S/R Flip, where resistance turns into support. The S/R Flip is a key concept in technical analysis, indicating a significant shift in market dynamics where former resistance levels become support zones. Currently, the former resistance is holding as support, which is a bullish signal. < Summary > 1. A bullish engulfing candle has appeared after five days of decline, suggesting a potential reversal. 2. The emergence of a Bear Trap pattern near the lower channel boundary increases the likelihood of a rebound if the channel is maintained. 3. An S/R Flip is in play, with previous resistance now acting as support, reinforcing the case for a bullish reversal.
Long
by Holy_Chartist
1
24.09.02 Whale IndexHello, I'm Whale_signal Updated 1H - BTCUSDT Publishing Since the purple whale indicator has already been pierced downward, you should be careful until it rises above the purple whale indicator again Please buy and sell carefully as there may be dizzy moving up and down And the whale index is more suitable for the trend section than the sideways section, so please refer to it Lateral sections can be less reliable From your analysis and perspective, you can use the RBI of the whale index If you continue to break away from purple, orange whale indicators, see 1D - BTCUSDT chart The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$ ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
BITCOIN SOON GOING TO HIT NEW HIGHS Here's the text in lowercase: price has liquidated all the buyers and ranging over supports now, potential zone of 55900 on 4 hour timeframe as a good entry price and rest is mentioned on the charts. the resting liquidity which is generated in this so-called consolidation will get liquidated first and then some sharp moves will be seen on the charts, up till the last ATH. some pullbacks will be seen from potential resistances but the overall scenario would still remain bullish and i think it would break the PVS highs and make new ATH. {as of my 5 years experience, this descending trendline chart pattern (2 resistances) which has already made its impact and successfully liquidated BINANCE:BTCUSDT all the buyers and as it's just fallen from 2nd resistance so it's not a long-term trend and it's going to be reciprocated now and may also be able to create fresh high}.
Long
by nishantrathor32
2
Attention Bitcoin Holders: This Could Be Your Last Chance!Dear Colleagues and Traders. 😉 In this post, I intend to share my analysis of the anticipated trajectory of Bitcoin, supported by both technical indicators and historical patterns. To begin, I anticipate that Bitcoin may experience a near-term rebound, which could be followed by a subsequent decline. Before we delve into the specific details of this analysis, I recommend reviewing my previous post, where I provided a comprehensive overview of Bitcoin’s long-term outlook. This context will allow for a deeper understanding of the current market conditions. ⬇️Previous Post (Long-Term Perspective) If you have reviewed that analysis, we can now proceed to examine the three critical pieces of evidence that substantiate the forecast presented today. ✔️BTCUSDT.P / BINANCE / 8H / Current / First Piece of Evidence This chart illustrates Bitcoin’s movements from June 7, 2024, to August 5, 2024, within a clearly defined descending channel. Bitcoin remains constrained within this channel, with no breakout having occurred thus far. The reliability of this channel is noteworthy. This reliability is particularly evident when we examine the midline, which has acted as both support and resistance on five occasions, thereby reinforcing the channel's structural integrity. ✔️BTCUSDT.P / BINANCE / 4H / Past Example 1 This chart, covering the period from April 14, 2023, to May 23, 2023, similarly displays a descending channel. During this time, the price consistently encountered support and resistance at the midline before ultimately breaking out to the upside. ✔️BTCUSDT.P / BINANCE / 4H / Past Example 2 Another example can be observed from January 11, 2024, to January 21, 2024. This channel, although formed over a shorter timeframe, also demonstrated a similar pattern, with the price finding support at the midline before eventually breaking out upward. ✔️BTCUSDT.P / BINANCE / 1H / Past Example 3 In this example, spanning from March 30, 2023, to April 5, 2023, we observe a comparable pattern. The midline provided robust support, and the price consistently failed to close below it, further solidifying the channel’s credibility. This setup also culminated in an upward breakout. ✔️BTCUSDT.P / BINANCE / 8H / Current Returning to the current chart, with the benefit of historical data, it becomes increasingly feasible to predict the future trajectory of Bitcoin's price. If the current descending channel maintains its integrity, a rebound, supported by the midline, appears likely. — ✔️BTCUSDT.P / BINANCE / 4H / Second Piece of Evidence The second key piece of evidence involves the RSI indicator on the 4-hour chart, where a "Hidden Bullish Divergence" is emerging. In this scenario, the price is forming a higher low on the right side of the chart compared to the left, while the RSI is creating a lower low. This formation, known as a "Hidden Bullish Divergence," often precedes an upward movement in price. Let us consider some historical examples. ✔️BTCUSDT.P / BINANCE / 4H / Past Example 1 In this chart, dated around March 30, 2024, we observe a higher low in price on the right, accompanied by a lower RSI, indicative of a "Hidden Bullish Divergence." This setup led to a price increase of approximately 13%. ✔️BTCUSDT.P / BINANCE / 4H / Past Example 2 Another instance, from October 2, 2023, presents a similar pattern: a higher low in price with a lower low in RSI, signaling a "Hidden Bullish Divergence." Following this formation, Bitcoin experienced a surge of approximately 114%, reaching a new all-time high. ✔️BTCUSDT.P / BINANCE / 4H / Past Example 3 This example from June 25, 2024, also shows a higher low in price coupled with a lower low in RSI, confirming a "Hidden Bullish Divergence." This setup resulted in a price increase of around 9%. Now, let us return to the current chart. ✔️BTCUSDT.P / BINANCE / 4H / Current With these past examples in mind, it is evident that a "Hidden Bullish Divergence" is also forming in the current chart. Should this pattern hold, we can reasonably expect an upward movement in Bitcoin’s price. — ✔️BTCUSDT.P / BINANCE / 4H / Third Piece of Evidence The final piece of evidence derives from Elliott Wave Theory, a concept that may appear complex but can be simplified. Following a low of $48,888, Bitcoin completed an upward wave, peaking at $65,737.2. We are currently in the corrective phase of this wave. This correction appears to be unfolding in the form of a "Flat" pattern, comprising three waves. The final wave in this "Flat" pattern should ideally manifest as an impulsive wave. At present, the chart suggests that an "Ending Diagonal" pattern is the most probable scenario, which could indicate a forthcoming rebound. It is imperative to note that if the price breaches the current low, the "Flat" pattern will be invalidated. However, until such a breach occurs, a strategy of buying on dips remains rational. — In summary, here is a recap of the evidence supporting today’s analysis: ⬇️ First Piece of Evidence: Descending Channel The price is currently finding support at the midline of the descending channel. Should this support hold, a significant rebound could ensue. ⬇️ Second Piece of Evidence: Hidden Bullish Divergence The price is forming a higher low, while the RSI is forming a lower low. Historically, such "Hidden Bullish Divergences" have often preceded upward price movements. ⬇️ Third Piece of Evidence: Elliott Wave Theory We are currently in the corrective phase of an upward wave, likely forming a "Flat" pattern, with an "Ending Diagonal" scenario suggesting a potential rebound. — In conclusion, based on today’s analysis, here is my trading strategy: I have set a stop-loss at the $55,969 level and plan to accumulate Bitcoin on dips from this point forward. The risk-reward ratio is highly favorable, and the stop-loss level is clearly defined, making this a prudent and strategic approach. This concludes today’s analysis. I appreciate your time and attention in reviewing this detailed post. Should you find it insightful, your support through a boost and a follow would be greatly appreciated. - ✔️ This analysis does not constitute a recommendation to buy or sell any financial instrument. ✔️ It reflects a personal perspective and is provided for informational purposes only. ✔️ Any investment decisions should be made at your own discretion, and you assume full responsibility for any actions taken based on this information.
Long
by Killer_Whales
BTC BitcoinBINANCE:BTCUSDT.P BINANCE:BTCUSDT Bitcoin (BTC) is currently trending downward on the 15-minute chart, trading around $57,964. The price is below key moving averages, indicating bearish pressure. A potential support zone is visible around $56,750, where a bounce could occur if BTC reaches this level. If this support is broken, it may trigger further declines; however, if a bounce happens, it could initiate a short-term recovery toward the $58,500 resistance area. For now, keep an eye on the $56,750 zone, as it is a critical level for determining the next move.
Short
by hfwkjfhbwkjhfbu
Bitcoin Crash Incoming? | Elliott Wave Theory Market ForecastGreetings, fellow traders, In this post, I employ "Elliott Wave Theory" to analyze and predict Bitcoin's price movements. The decision to utilize this theory stems from its robust framework for interpreting market cycles, which is essential for precise forecasting in the volatile cryptocurrency market. 1️⃣ The value of an asset directly reflects the sentiment of investors participating in the market. 2️⃣ When investors are optimistic, increased demand naturally drives prices up, while fear among investors leads to price declines. 3️⃣ Prices are a direct representation of investor sentiment, and the "Elliott Wave Theory" is a framework that patterns these price movements. ✅ Conclusion By applying the "Elliott Wave Theory," it is possible to anticipate Bitcoin's next move. Therefore, let's now dive deep into the "Elliott Wave Theory" to both predict Bitcoin's next movements and gain a thorough understanding of this theory. — ✔️BTCUSDT.P / BINANCE / 8H This chart review covers the period from January 24, 2024, to March 14, 2024. During this timeframe, a rare "Double Extended Impulse Wave" pattern appeared, characterized by an extended 5th wave. The supporting evidence for this pattern is as follows: 1️⃣ A breakout from the 1-3 trendline. 2️⃣ The 3rd wave extended beyond 1.618 times the length of the 1st wave. 3️⃣ The 5th wave extended beyond 1.618 times the length of the 3rd wave. 4️⃣ The 4th wave took longer to develop compared to the 2nd wave. I will explore these points in greater detail with the accompanying chart analysis below. — ✔️BTCUSDT.P / BINANCE / 8H This chart includes the evidence discussed earlier, specifically the first point mentioned. (Reference: 1️⃣) In wave analysis, trendlines play a crucial role. A break in the trendline often signifies the end of a wave or highlights the unique characteristics of that wave. In this post, we'll focus on the waves marked on the chart, so please pay close attention to the attached chart. The extension of the 5th wave is significantly influenced by the trendline connecting the peaks of the 1st and 3rd waves. This trendline is especially important in the context of a "Double Extended Impulse Wave." A "Double Extended Impulse Wave" indicates a strong buying momentum in a bull market or a strong selling momentum in a bear market. Therefore, it is expected that the upper trendline (the 1-3 trendline) would be breached as the wave progresses. (leading to a sharp rise in a bull market or a steep fall in a bear market). Please refer to the chart provided above. There are five instances of "Over shooting" , indicating a strong bullish market. This example shows how a single trendline can help identify the market's strength, weakness, and the type of wave pattern in play. Now, let's move on to the next chart. — ✔️BTCUSDT.P / BINANCE / 8H This chart includes the evidence discussed earlier, specifically the second and third points mentioned. (Reference: 2️⃣3️⃣) Additionally, this chart illustrates the internal Fibonacci ratios of the extended impulse wave. The characteristics of the internal Fibonacci ratios for an extended 5th wave in an impulse wave are as follows: (Satisfied: ✔️ / Not Satisfied: ✖️) ✔️ The 3rd wave rises between 100% and 261.8% of the length of the 1st wave. ✔️ The 5th wave rises 161.8% of the (0-3) length, measured from the end of the 4th wave. (It should be shorter than 261.8%.) ✔️ The 5th wave is longer than the shorter of 100% of the (0-3) length and 161.8% of the 3rd wave. Since this wave satisfies all the above conditions, it is highly likely to be a Double Extended Impulse Wave with an extended 5th wave. — ✔️BTCUSDT.P / BINANCE / 8H This chart represents the external Fibonacci ratios of the extended impulse wave. (For an impulse wave with an extended 5th wave, the external ratios are considered more reliable than the internal ratios.) The characteristics of the external Fibonacci ratios for an extended 5th wave in an impulse wave are as follows: (Satisfied: ✔️ / Not Satisfied: ✖️) ✔️ The length of the 5th wave, measured from the end of the 3rd wave, forms at 100%, 161.8%, or 261.8% of the (0-3) length. Since this wave satisfies all the conditions, it is highly likely to be a "Double Extended Impulse Wave" with an extended 5th wave. (The author also considers the external ratios to be highly reliable.) — ✔️BTCUSDT.P / BINANCE / 8H This chart includes the fourth piece of evidence mentioned earlier (Reference: 4️⃣). One of the most essential concepts in "Elliott Wave Theory" is "The Rule of Alternation." This principle is foundational to understanding market movements and is critical to the rules governing wave progression. Without it, Elliott Wave Theory would lose much of its practical value. "The Rule of Alternation" is most clearly demonstrated in the period of corrective waves. In the chart provided above, you’ll notice a comparison between the length of the 2nd wave and the 4th wave. Typically, before an extended wave appears, the market tends to undergo a longer or deeper correction. In this case, the 4th wave is noticeably longer than the 2nd wave, which satisfies this condition. This observation significantly increases the reliability of the wave pattern. — ✔️BTCUSDT.P / BINANCE / 1D Now, let's discuss the potential future direction. If the low point of the 5th wave within the extended impulse wave breaks, it is likely that this impulse wave marks the final wave of a larger wave pattern. In simpler terms, the 5-wave extended impulse wave we've discussed so far may represent the last wave of the current upward trend. To put it even more clearly, if the price falls below the $50,922.5 level, there is a high probability that the market has transitioned into a downtrend. Please refer to the following chart for further details. — ✔️BTCUSDT.P / BINANCE / 1D Based on the assumption that the market has transitioned into a downtrend, I’ve constructed the following scenario. It appears that a Corrective Wave (Flat) has already occurred, and the market is currently experiencing a correction in response to this wave (indicated by the red dotted line). According to this scenario, even if the price experiences an upward movement, it is likely to be a technical rebound within the broader context of a continuing downtrend. — Conclusion Today, we applied the Elliott Wave Theory to the actual Bitcoin chart to analyze the market. I made every effort to maintain an objective perspective. I am aware that many traders and investors are anticipating a continued upward trend. However, my intent in presenting a bearish scenario was not to gain attention, but rather to analyze the market as objectively as possible. It’s important to approach the market rationally, rather than simply calling for a rise without substantial evidence. I encourage you all to remain wise traders and investors who do not succumb to 'FOMO' (Fear of Missing Out) and always maintain an objective view of the market. Thank you for taking the time to read this post. If you found this analysis helpful, I would greatly appreciate it if you could give it a "boost." Should there be significant interest in this post, I'll consider creating follow-up analyses.
Education
by Killer_Whales
2
2024.08.29 Whale Indicators (6,000 USD Box Revenue Party)Hello, I'm Whale_signal This chart is the 4H - BTCUSDT chart I uploaded before It's not an updated chart I'm going to do a simple retrofit I explained that the purple whale index below is important, but in the end, there was a big rise in the whale index at the top Once again, the whale index at the top was breached to the bottom, resulting in a big drop I explained that the white and orange whale indicators are weaker than the purple whale indicators I was pushed back by the 4-hour stick, so I was able to get a big profit from putting it on top and bottom There's a rebound from the purple whale index The rise should come out without a breakaway from the purple whale indicator, and if you do, please refer to the 1D - BTCUSDT chart I don't have a lot of rocket boosters either I'll only update it somewhere else and proceed with the trading view update later
by Whale_signal
1