Bitcoin BTC large head and shoulders pattern channelBitcoin BTC large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, November 2022 is the head and shoulders, and the left shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.
Bitcoin / TetherUS
118,596.26USDTR
+533.94+0.45%
As of today at 10:39 GMT
USDT
No trades
BTCUSDT trade ideas
Bitcoin's Last downtrend Coming Soon...#Bitcoin at Daily Chart Analysis
CRYPTOCAP:BTC market is still in volatility mode, and has made its lower-high, but it is currently finished their last uptrend cycle with some major ups & downs and finished at $71.8k approx..!
After that, its last down cycle is start to running, which will at least retest the previous level of $56k-$58k here or it can also break-out and will go to $55k to GETTEX:52K for the last timer lower-low. within next 12-15 days, it means you will be easily say that the next Downtrend upto $55k-$60k approx..!
After that, Bitcoin's #BullRun cycle will start completely in Uptrend mode from mid of July onwards, which will be starts on #Elliott Impulsive Wave Cycle for the next 6-8 months..!
Rest, do your research and invest and trade by using #DYOR & #StopLoss
and,
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Trading Bitcoin over the weekend - Long & Short levelsAfter consolidating from its recent high of nearly $72000 bitcoin tested 66500 levels and might rally from this point over the weekend or the mid of next week. A break from these levels may mean that the buyers aren't able to cope up with the shorts in play.
So for you all to understand the right levels and not fall prey to the trap of the consolidation zone I've managed to put the trades that might help you over the weekend and the coming week ahead.
Again, this is not a buying or selling recommendation, I do not advice taking trades without proper knowledge and guidance from your mentor.
Bitcoin - BTC looks like it can double from current level Bitcoin
Looks good for long in Parabolic uptrend pattern and with the support at 43400.
Time Frame used Monthly Time frame.
Tgt expected 128227 ±
View will be invalid when it closes below support in monthly chart.
This is not a BUY or SELL RECOMMENDATION
Shared it for educational purpose based on chart pattern and My STUDY
Do Your analysis from your side too.
$Bitcoin ($BTC) good setup : One Simple Horizontal line-In consolidation for 3 months (Long base means Big Breakout)
-Tested 71800ish resistance level multiple times and this time after testing took support of 10 ema (2 wicks) n signalling reversal.
-Good Shakeout U&R (Undercut and Rally, when price go lower than last lower: kicking out weak players , taking out their stop losses and rally back to upside)
-Signal Candles: Big Green Candles with vol showing buyers in action.
$BTC | Daily: HTF Plan:BINANCE:BTCUSDT Bulls are gearing up to reach the previous month high and potentially set a new ATH. I think the next higher low will settle around the POI level in the 67k-66k range.
Altcoins market is currently pumping well due to the pre-hype surrounding the ETHETF. Ethereum spot ETF, whether approved or disapproved, could provide unique benefits to #Bitcoin. ✌️
Bitcoin longing discussion with position setup BINANCE:BTCUSDM2024
Bitcoin has rallied breaking several resistance zones in past 2 days
For those who missed out on trade are waiting for a pullback to setup long positions
Bitcoin looks bullish on higher time frame ( 1day and 3day )
So i propose some long position which might be considered in future
The first one is (risky) on the flip zone
the second one is (neutral) on demand zone
Let me know what you guys think about it
$BTC | Daily: HTF Plan:The weekly close for BINANCE:BTCUSDT was very bullish, with March low and liquidation levels already taken.
There is strong buying interest below 60k, so we are anticipating a dump to FVG before a pump to 68k.
However, it is unlikely for Bitcoin to see a direct surge to a new ATH, instead, there could be a period of consolidation between 68k and 62k.
BITCOIN first 70k then 55k & then Bullish#Bitcoin at Daily Chart Analysis
CRYPTOCAP:BTC market is still in volatility mode, and has made its lower-high but is currently in almost the last leg of the uptrend cycle with some ups of $3k-4k and it will be soon make its higher-high on the daily chart at $68k-$70k. Will completed..!
After that, its last down cycle will run, which will at least retest the previous level of $56k here or it can also break-out and will go to $55k to GETTEX:52K for the last timer lower-low. Into next 20-25 days..!
After that, Bitcoin's #BullRun cycle will start completely in Uptrend mode from here, which will run on #Elliott Wave Cycle for the next 6-8 months..!
Rest, do your research and invest and trade by using #DYOR & #StopLoss
and,
Comment, Like, Share, Follow on Posts..
#Bitcoin LTF Chart Analysis#Bitcoin LTF Chart Analysis
BTC is currently trading at a crucial support level.
Here's what to watch:
Support Level: $66,500
Scenario 1: If support holds, it's a positive sign for the bulls.
Scenario 2: If support breaks down, BTC could drop below $65,000.
Trading Tip: Always wait for confirmation before entering a trade.
Stay alert and trade wisely.
Look at the big pictures. Ready for a big short to USD 34500-2Part2 : I wanted to explain my first analysis in a little detail. Liquidation again at USD 34,500 before bitcoin's astronomical increase would be a realistic approach. Liquidation of large amounts of long positions is required before this increase. I think this return will occur with a reverse SHS formation. It is necessary to see the big picture.
In the big picture, I predict that the return will occur with a reverse head and shoulders formation. I think that the elite upward wave started in the big picture with Bitcoin's bottom point at 14500 USD. THE FIRST ELIOT RISE WAVE HAPPENED AT THE LEVEL OF 73 THOUSAND DOLLARS AND NOW I EXPECT IT TO RETRACT TO THE LEVEL OF 34500 DOLLARS. AFTERWARDS, I HOPE A WAVE WILL CONTINUE TO GO TO $220,000.
****Please note that there is no significant increase in volume as we move to the 73 thousand dollar level.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
#Bitcoin Elliott Wave Count Analysis ( Ready for $44000 ?)#Bitcoin Elliott Wave Count Analysis
Intermediate Degree:
▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart.
▪️Target: $48,000 - $44,000.
Primary Degree:
▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress.
▪️Target: $58,000 - $61,000.
Cycle Degree:
▪️At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming.
▪️Target: $52,000 - $58,000.
Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory.
Always conduct your own research before making trading decisions.
Stay tuned for more updates and detailed insights.
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Trend Reversel on Bitcoin with widening triangleImplications of the Widening Triangle on Bitcoin
Bullish Reversal:
If Bitcoin is in a downtrend and forms a widening triangle, a breakout above the upper trend line can signal a bullish reversal.
Confirmation requires strong buying volume and a sustained move above the breakout point.
