#Bitcoin Analysis on 13.07.2024. #Bitcoin Analysis on 13.07.2024
A.O.A And Good Evening to All Brothers and Sisters!!
#Bitcoin Give Some Positive Signals. And Price Try To Break Third Time Our Resistance on 4H(Arrow#1). But till now Without any Success. Maybe Now Actual Candle Can retest This Level. Last Breakout Was Again With Very Low Volume.
Bullish Move If Price Can Retest At Least the Resistance(Arrow#1,#4). And Retest Too With Good Volume.
Bearish Signals If Price Break The Trendline(Arrow#2)
But With Last Move We Have Some Space On #Alts. And We Have Opened Some Buy Signal In Gruop.
If Price Can't Maintain This Bullish Move. Then Probably We Can Hit The Stoplosses on Our Buy Trades. But Early Entry We Have To Try.
I Think till Tomorrow We Have More Confirmations.
I Wish You All All Very Nice Weekend.
BTCUST.P trade ideas
Bitcoin Update on 12.07.2024Bitcoin Update on 12.07.2024
A.O.A and Good Morning to All Brothers and Sisters!!
Final Day Of Direction For This Week on #Bitcoin. Situation is Still Bearish And Here Is My Analysis for Today.
Price Is Still Under The Last Support and Resistance. In the Yellow Area. So I See A Dump Soon In Between US Market open and our Last Weekly Candle on 4H at 18 O Clock(Europe).
If Drop Where Will Be The Supports. I Mentioned All With Arrows(#2,#3,#4,#5). But The Most Important is The Arrow#1. Weekly Candle Must be Closed Upper That Level Otherwise we Start officially Bearish Move Instead Retracement on Weekly.
According to Time Cycle(Blue Vertical Area) We Are In Good And Valid Area To Print a Bottam.
#ALTS if We Close Positive The Week And Next Week We Start Bullish Move Then We Can Look For Buy Trades. And if We Close Red Weekly Candle. Then We Start Looking For Sell Trades.
I Suggest You Again To have Patience For One More Day. For Trades On #Alts.
I Wish You All Very Nice Day.
Bitcoin Update on 11.07.2024Bitcoin Update on 11.07.2024
A.O.A And Good Morning To All Brothers And Sisters!!
#Bitcoin Volatile A Bit After CPI. But Nothing New, Price Remain Still In Range. Under Last Support And Resistance. Just A Good Wick For Hitting Stoplosses on Sell Trades.
Now I Think final Moves Come Tommorow. If Bitcoin Remain In range We Have A Bit Space To Trade A Bit #Alts On Weekend.
At The Moment the Situation Look Just Brearish. But we Are Still Upper Then Yellow Area. And At This Point Opening Sell Trades On #Alts Is A Bit Risky.
I Suggest to Wait On #Alts Till Tommorow.
I Wish You All Very Nice Day
#Bitcoin Update on 10.07.2024#Bitcoin Update on 10.07.2024
A.O.A And Good Morning To All Brothers and Sisters!
#Bitcoin Reached Out Second Resistance(Arrow#2). And Just With One Candle Broked The Resistance, Retest The Yellow Line(Arrow#3) and Break The Support Line. But As We Can See The Volume Was Not Soo Much. And It Take 5 Days To Retest And Thats Not a Good Signal For Bulls.
Now Next Step Is To Retest The Resistance(Arrow#2). Then We Have The Confirmation for This Trend Reversal or Retracement. At This Point We Need Also The Good Volume.
On #Alts Soon when I have Confirmation of Retest then Start Sending The Signals. So Keep In Touch and active You Notifications.
Wish You all Very Nice Day.
BITCOIN on Last Lower-Low DipAs per 1-day chart analysis, CRYPTOCAP:BTC performing well as per my previous perditions, already posted and mentioned below with its last Lower-Low soon around GETTEX:52K - GETTEX:48K , while it is already completed its second-final mark of $53.5k that lies between $55k- GETTEX:52K as per given charts.
so, need to take a little while more patience upto july month end, to completing its last Lower-Low mark and then from august onwards, #Bitcoin will starts moving slowly sideways with #Altcoins rally starts and slowly from sept. onwards fully mode of #BullRun 2024-25 cycle will be starts into their #Elliot #ImpilsiveWave upto next 7-8 months...
anyways,
always #DYOR before investing in #Crypto and Trade by using #StopLoss at this situations.
and,
always follow share & comment on my every post to get more updates...
#Bitcoin Update on 09.07.2024#Bitcoin Update on 09.07.2024
A.O.A And Good Morning to All Brothers and Sisters!
#Bitcoin Still Not Have Any Direction. Price Continue In Range And Try To Reach The Resistance but Without any Success.
There Are Some Mix Signals. Price Is Under Then Support but Near To Supports. And Till We Dont Have Any Confirmation or Breakout Is Difficult to Say Something for #Altcoins.
Take In Mind The Arrow#1,#2 and I Am Still Waiting When I Have Any Confirmation then I will Update The Situation of #Bitcoin and #Altcoins. Insha Allah
I wish You All A Very Nice Day.
$BTC | Daily: HTF Plan: HTF charts + overflows = Bearish signs. I won't trust the bulls until they flip the 67k level. Below this POI (67k), it's just bearish.
MT. Gox and German sellers seem to be real factors. BINANCE:BTCUSDT could hit $50k soon. Expect more dumps in the crypto market.
💡Remember, every dip is an opportunity!
#Bitcoin Update on 08.07.2024.#Bitcoin Update on 08.07.2024
A.O.A And Good Morning To All Brothers and Sisters!!
#Bitcoin Pumped Again On Monday. And This Is The same Copy Paste Movement Like Last Week.
First price Dropped Before Touching Second Resistance. Break The Support and Then Fake Pump Till Second Resistance and Boom Dropped Down.
Till Now Price Reacts Same. So We Have To Pay Attention. Maybe This Pump Is patent. But Confirmation Comes Just When Price Today Break And Retest The Second Resistance Line.
Many #ALTCOINS Pump Today but I Prefer To Have More Confirmations. And Confirmation Gives us Just After Closing Today's Candle.
Again I Ask All To Be Patient. Is Better Losing Some Profit Then Taking entry in Fake Pump And Losing Money Again In Stoploss..
Wish You All A Very Nice Day.
Technical analysis of Bitcoin (BTC) versus Tether (USDT)Short-term Traders:
Look for buying opportunities around the current price level with a target towards the X wave resistance.
Watch for potential reversal signals at the Fibonacci levels for short-term profit-taking.
Long-term Investors:
Monitor the completion of the Z wave for a potential long-term buying opportunity.
The anticipated wave 5 suggests a strong bullish trend, which could provide substantial gains.
Keep in mind that technical analysis is speculative and involves risks. Always consider multiple factors and conduct thorough research before making trading decisions.
Technical analysis of Bitcoin (BTC) versus Tether (USDT) Short-term Traders:
Look for buying opportunities around the current price level with a target towards the X wave resistance.
Watch for potential reversal signals at the Fibonacci levels for short-term profit-taking.
Long-term Investors:
Monitor the completion of the Z wave for a potential long-term buying opportunity.
The anticipated wave 5 suggests a strong bullish trend, which could provide substantial gains.
Keep in mind that technical analysis is speculative and involves risks. Always consider multiple factors and conduct thorough research before making trading decisions.
#Bitcoin Analysis on 07.07.2024#Bitcoin Analysis on 07.07.2024
A.O.A And Good Morning to All Brothers and Sisters!.
#Bitcoin Yesterday make A Good Jump But Not Enogh and With Very Low Volume. It Break The First Resistance but doesn't Reached The Second One and Now Soon Is Near To Close a Candle under The First Resistance and Under The upper Line Of Our Yellow Zone. These Two Moves Are Not Soo Healthy.
Maybe It Comes Down To Make a Low And Then Pump Again. But We Are Still Too early to Open The Buy Trades on #Alts.
My Suggestion is To Wait Till Price Break And Retest The Second Resistance. And Then We Can Look For A Entries.
Again Enjoy the Sunday And I will Update The Chart today's Evening. Insha Allah.
Wish You All very Nice Day.
Bitcoin end of 2026 Bitcoin end of 2026 big price comming soon
The predicted Bitcoin price for 2026 is as follows ¹:
- Minimum price: $122,577.96
- Maximum price: $147,420.71
- Average price: $126,946.67
- Potential ROI: 159.4%
The monthly predicted prices for 2026 are as follows ¹:
- January: $102,145.92-$122,360.42
- February: $105,860.83-$126,916.83
- March: $109,575.75-$131,473.25
- April: $113,290.67-$136,029.67
- May: $117,005.58-$140,586.08
- June: $120,720.50-$145,142.50
- July: $124,435.42-$149,698.92
- August: $128,150.33-$154,255.33
- September: $131,865.25-$158,811.75
- October: $135,580.17-$163,368.17
- November: $139,295.08-$167,924.58
- December: $143,010-$172,481
Education purpose only.no by or sell signals.
#Bitcoin Update on 06.07.2024#Bitcoin Update on 06.07.2024
A.O.A and Good Morning to All Brothers and Sisters!
#Bicoin Continue Downtrend but Yesterday Daily Candle is Closed Very Positive. Upper then our Key Level 56221. If It Remain Upper this point. Then we have a Couple of good Confirmation For trend Reversal. First is The 56221 and Second is, We Are Going to Leave Vertical Blue area. This Area Means Time Cycle. And According to time Cycle last low Is Patent.
Today is Saturday and As Usual the Volume is Very low. And There are two Lines FRD.4H is Also Our Local Support and Resistance For Weekend. But The Main Resistance and Supports are the Diagonal Lines.
I Suggest to Relax And Stay Away From Chart at Least On Day in Week. That Is a Part of Trading. To Refresh You Point to View The Charts.
Wish you All very Nice Weekend.
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k.
The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level.
I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run.
The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line).
This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased.
From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers !
There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run.
I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ?
Let's see..
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k.
The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level.
I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run.
The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line).
This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased.
From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers !
There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run.
I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ?
Let's see..
$BTC | Daily: HTF Plan:There is still potential for a small bounce in BINANCE:BTCUSDT before it potentially drops to a lower low of 56k. Nothing to worry about, It would be the best opportunity.
We may not see any big moves until the ETH ETF starts. It starts trading on the 2nd of July. But once the #ETHETF begins, there could be some distribution on BTC.
Bitcoin (BTC) technical and fundamental analysisBitcoin's price began to decline at the end of June due to news that the collapsed cryptocurrency exchange Mt. Gox is ready to repay its creditors. Additionally, the crypto market faced pressure from ETF outflows and miner capitulation. As a result, the BTC price formed a technical analysis pattern known as a Double Top. It has reached the first target of our previous overview - the 1H Imbalance zone. Currently, it is retesting the ascending trendline, which will determine the future direction of the price movement. If sellers push through and the price consolidates below the support level, we expect it to drop to the next targets - the 4H and 1D Imbalance zones. There are significant gaps in horizontal trading volume levels that need to be filled with trading activity. In the same range, the 0.61 - 0.78 Fibonacci retracement levels are located, where we anticipate the correction to end if it becomes deeper.
For the resumption of growth, the price needs to consolidate above the EMA 50 4H dynamic resistance line and return above the Point of Control (POC) level. In this case, we expect a retest of the descending trendline resistance.
📉 Bitcoin market global analysis
On the daily logarithmic chart, Bitcoin's price continues to move within the Expanding Wedge pattern and has also formed a Double Top pattern. If BTC's price breaks below the lower boundary of the Expanding Wedge during the retest, we expect the Double Top pattern to be confirmed with a movement corresponding to its height. The targets of this movement could be the 1D and 1W Imbalance zones, where we will anticipate a trend reversal and the resumption of growth.
What could the next growth phase look like? Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and the analysis of large order block clusters in order books. We have a local ascending trendline that has been relevant since November 2023. Its test could occur at the 75,000 - 76,000 level, which is confirmed by a large block of pending orders. Higher, in the 80,000 - 90,000 range, lies the global trendline built on the peaks of the previous two Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level is located in that area. The highest trendline is in the 1.61 - 1.78 Fibonacci extension range, and its test could start at the 100,000 level.
💠 Analysis of liquidity zones and levels
The index of fear and greed is in the fear zone - 44.
The total capitalization of the cryptocurrency market fell to $2089 billion, and the Bitcoin dominance index increased to 54.8.
According to the analysis of the accumulation of large blocks of orders in the order books, the supply and demand zones are located at the following levels:
🟢 Demand zone: 50,000 - 56,000
🔴 Supply zone: 70,000 - 80,000
Levels for long positions:
55,000 - 57,000 - retest of the trend line and large support block
52,000 - 53,000 - large support block
50,000 - psychological level of support
Levels for short positions:
70,000 - psychological resistance level
72,000 - large resistance block
75,000 - large resistance block
90,000 - global trend line
📊 Fundamental analysis
Bitcoin's price started to decline in late June on news that the collapsed cryptocurrency exchange Mt. Gox, which failed in 2014, is ready to repay its creditors. If the creditors decide to sell the received bitcoins, their activity could put significant pressure on the cryptocurrency's price. Therefore, many market participants have decided to reduce the share of BTC in their portfolios in anticipation of the upcoming payouts.
Outflows from bitcoin funds, which account for over 5% of the cryptocurrency's issuance, are putting pressure on Bitcoin. After the halving, the reward for mining each BTC was halved from 6.25 to 3.125 BTC. With declining income and depreciating savings, many miners are forced to sell accumulated coins, further creating pressure on Bitcoin's price.
However, there are also positive expectations:
In the next two weeks, a spot ETF on Ethereum may appear. Industry experts are confident that the launch of an Ethereum ETF will have a significant impact on the cryptocurrency market. SEC Chairman Gary Gensler recently stated that Ethereum ETFs are likely to emerge this summer.
Due to the growth of the crypto industry in the US, candidates in the 2024 US presidential election are being forced to vie for the votes of the crypto community.
Additionally, market participants are anticipating the Federal Reserve's long-awaited move to lower the key interest rate. According to Fed Chairman Jerome Powell, inflation in the US is slowing down.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 09.07, 15:30 - Speech by Jerome Powell on the economic situation in the USA.
➤ 11.07, 15:30 - Consumer Inflation Index (CPI) in the USA for June.
➤ July 25, 21:00 - US GDP for the 2nd quarter.
➤ 31.07, 21:00 - New decision on the Fed interest rate.
📈 Statistics of signals from our AI trading indicator:
In June 2024, a correction began in the cryptocurrency market after prolonged growth. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 5 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements.
Total price movement by all signals: +27.03%
Maximum price movement: +13.53%
Average price movement: +5.4%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
#Bitcoin Update on 04.07.2024#Bitcoin Update on 04.07.2024
A.O.A And Good Morning to All Brother and Sisters!
#Bitcoin Continue the Rally Down Side. As I Mentioned Yesterday if Bitcoin Break The Yellow Line Then We Can Drop More. And Price Continue Dropping. Now Price Sit On Very Important Point 57677 is Second Yellow Line (Arrow#1) Daily Reversal Point, Daily Important Support Zone(black Area). And Price Can Reverse From Here or At Least Can Retrace a Bit From here.
But if Price Drop Without Any Stop, Then It Will Be Hard Bearish Signal. Another Chance of Reversing is Blue Line KJN.W(56221). And If Price Continue Dropping again after That Point then 54k (Arrow#3) and 50k(Arrow#4) Is Secure..
Now I Will Send In Next Chart The Support and Resistance on 4H. And We Wait For Reversal. If Confirm We Can Open Buy Trades On #Alts. But If Break then We Can Try Some Sell Trades.
I Wish You All Vey Nice Day.
#Bitcoin Update on 04.07.2024#Bitcoin Update on 04.07.2024
A.O.A And Good Morning to All Brother and Sisters!
#Bitcoin Continue the Rally Down Side. As I Mentioned Yesterday if Bitcoin Break The Yellow Line Then We Can Drop More. And Price Continue Dropping. Now Price Sit On Very Important Point 57677 is Second Yellow Line (Arrow#1) Daily Reversal Point, Daily Important Support Zone(black Area). And Price Can Reverse From Here or At Least Can Retrace a Bit From here.
But if Price Drop Without Any Stop, Then It Will Be Hard Bearish Signal. Another Chance of Reversing is Blue Line KJN.W(56221). And If Price Continue Dropping again after That Point then 54k (Arrow#3) and 50k(Arrow#4) Is Secure..
Now I Will Send In Next Chart The Support and Resistance on 4H. And We Wait For Reversal. If Confirm We Can Open Buy Trades On #Alts. But If Break then We Can Try Some Sell Trades.
I Wish You All Vey Nice Day.