BTC long (1-3 days)Just a possibility of btc to achieve the level. Ain't much sure of this, but worth taking the risk as it provides good R:R. This is my personal view based upon my analysis and understanding.
Always trade responsibly!
Thanks.
BTCUSDT.PS trade ideas
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.
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.
~$95k established as S/R zone in Nov?Drew out trend lines conforming to key pivots. A solid investor base having been established and considering the halving done, and the usa election + wars could see QE fuel a fresh run that, if breaks previous ATH - could see a quick run up to ~$95k
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.
Bitcoin's Next move!Bitcoin is still consolidating at the support zone. most probably its gonna pump back to $65,000 zone in couple of days. But in case if it is breaking the current support zone we can see the price breaking down towards the next support zone
BINGX:BTCUSDT.PS
BTCUSDT Strong Selling can be seen in btc in last couple of days. It can pool down to support level on daily time frame. i love this.
BTC long (Short term)If the BTC gives a breakout it can surely achieve the target. This is my personal understanding and view based upon my analysis. Always trade responsibly.
Thanks!
BTC short ( Short term)If a breakdown occurs then the given target can be achieved. This is my personal view and analysis for bitcoin. Always trade responsibly and place a stop loss.
BTC short (short term target)A highly attainable target of 1000 points. Based on Fibonacci and supply and demand
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
Just a ViewI am expecting a good bounce from here.
One can take a long position here with the Stoploss of 60500 for the targets of 64000 & 69000 .
Do your own research and trade as per your risk management.
Thank you 🙏🙏🙏🙏🙏
24.08.26 whale indicators (Do you accept the $3,000 rise?)Hello, we're WHALE_SIGNAL
If you look at last week's post,
In the end, it was supported exactly by the orange whale surface, showing a huge rise of over $3,000!
I think it was a really easy part when you look at the whale index
Update 4H - BTCUSDT quickly
It's showing a box flow inside the purple whale index
If it breaks through the purple whale index and settles down, it shows the possibility of touching the above whale index
If the purple whale index breaks down and breaks away, the difficult trend will continue
Please continue the detailed analysis by looking at it in the order of 1D -> 4H -> 1H, which is a big frame
In the end, if the whale index is supported well and goes up, further increases are possible!
Your point of view should come first and the whale indicator is just RBI
Don't sell it as an auxiliary indicator, just look at it as a reference
Let's not use high magnification leverage, let's survive slowly and for a long time with low magnification leverage
Then, BYE
BITCOIN breakout finally confirmed. Soon giving $1LFinally BTC had broken out. Now it is ready to make an ATH. Get ready for 1L soon enough. All technicals in place for a great rally on to upside probably 1L. First target too cross 73777 and then 1Lakh dollars
BTC SHORT 61600 Resistance is resistance until broken
Entry at 61600
Stoploss last low closing 4hr
Will short alts too only downtrending
Not bullish ... but short term bearish
24.8.23 Whale IndexHello, we're WHALE_SIGNAL
Update 1H - BTCUSDT quickly
I'm moving the box
Up and down, at least break through the orange whale index
I think we need to break through the purple whale index in a wider range to get a direction
Please refer to 1D - BTCUSDT if below purple whale indicators break through
Jackson Hole Meeting will begin today
It's been a box for a long time, so it could be a sudden move
Please focus on the response
Rather than reading and sharing perspectives
We share support and resistance positions that can play a significant role in the Bitcoin movement
Don't get me wrong and check the meaningful places
The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$
***whale surface intensity***
Purple>>>Orange>>>White
(Purple indicators are the strongest)
BTC USDTBTC BINANCE:BTCUSDT.P
Bitcoin is trading close to a key resistance level around $60,840. The price appears to have rejected this resistance zone, and there’s a potential bearish setup as indicated by the red zone above the current price. The Ichimoku cloud and the EMA lines (20, 50, 100, 200) are closely aligned, suggesting the market is in a consolidation phase, with slight bearish momentum due to the recent rejection.
The volume is relatively low, which might indicate that the current downtrend could lack strength unless volume picks up. If the price fails to break above the $60,840 resistance and remains below, there could be further downside potential towards the $59,200 support area. However, a break above this resistance could invalidate the bearish outlook, leading to a potential move towards $61,520 or higher.
