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[Bitcoin] Expecting a Technical Rebound (9/7)Hello, this is Chartist. Bitcoin has been in a continuous downtrend since reaching the $65,000 level, without any significant rebound. Currently, it has declined by around 19% from its previous high, forming a bottom around the $52,500 level. The Crypto Fear and Greed Index has remained in the "extreme fear" range at 22-23 over the past two days, highlighting heightened market anxiety. Now, the key question is whether Bitcoin can stage a rebound from this point. Based on the current technical indicators, I believe there is potential for a recovery. Let’s take a look at the analysis. < Chart Analysis > I’ve used RSI, CCI, and Stochastic indicators on this chart, and all three are showing positive signals after exiting oversold conditions. 1. RSI(Relative Strength Index) : An indicator measuring buying pressure. Currently recovering from oversold levels, signaling a possible price rebound. 2. CCI(Commodity Channel Index) : Used to identify overbought and oversold conditions. It’s moving out of the oversold zone, which indicates upward momentum. 3. Stochastic : A short-term indicator that predicts price reversals. It’s recovering from the oversold region, further suggesting the likelihood of a technical rebound. Typically, when these indicators show recovery, the price tends to move toward the middle line of the Bollinger Bands (the red line on the chart). However, since this middle line could serve as resistance, it’s crucial to monitor how the price reacts upon reaching it. < Summary > 1. Bitcoin has dropped from $65,000, establishing a bottom around $52,500. 2. Technical indicators such as RSI, CCI, and Stochastic are all signaling recovery from oversold conditions, indicating a potential rebound. 3. It will be important to watch if the middle line of the Bollinger Bands acts as a resistance level during this rebound. Best of luck with your investments! ※ This is not a buy or sell recommendation. ※ It is a personal perspective and should be used for reference only. ※ All decisions and responsibilities are yours.
Long
by Holy_Chartist
24.09.07 Whale IndicatorsHello, I'm Whale_signal Before that, we'll review the 1H-BTCUSDT chart The problematic spot was an hour stick, showing a flow of settling the orange whale surface, and then a sharp drop came out immediately There are probably people who hosted LONG on that spot 1. If you have made a buy on Whale Indicators, you should designate an entry price cut right away -> Whale indicators are strong indicators, so if they break, which direction? We don't know how much the price will be pushed -> Profit is important, but risk response comes first 2. There's been a $250 rise from the orange whale indicator and $250 in the futures market is definitely not a small profit -> Even if you didn't eat $250, you could have avoided a big loss if you designated it as a stopper I don't feel good because there might be people who lost money. From now on, please make sure to proceed with the stoppage 1H - BTCUSDT Update It's a very complicated seat. I think it'll help, so I've added a white whale indicator If it fails to rise above the orange whale index, it could continue to face downward pressure, and if it deviates below, it could see mid to late 46K to late 47K And if the mid to late 46K to 47K are also breached, please refer to the 1D-BTCUSDT purple whale indicator You have to be careful because it's continuously being pushed down and it's located under the purple whale indicator ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
24.09.05 whale indicatorHello, I'm Whale_signal I'm busy, so I'll just update it quickly 1H -BTCUSDT I think it'd be great if you get support from the orange whale index and go with the purple whale index I hope there's no deviation from this section On the contrary, if we leave below the orange whale index now, we'll have a hard time again It's an important seat right now, so please check it out 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] Will the Support Zone Rebound Happen? (9/5)Hello, this is Chartist. I will briefly analyze the Bitcoin chart. I am considering the possibility of an "uptrend" and will present two reasons for this. First, let's look at the 4-hour chart. Last month, Bitcoin dropped to 49K and quickly rebounded. After that, there was a price correction, but the yellow candle acted as an important support for another rise. Notably, when Bitcoin dropped on the 4th of last month, it also received support in the same area. In other words, the yellow supply zone remains a valid support area, and if this support level holds, a rebound is likely. Next, let's examine the 15-minute chart. Bitcoin is currently moving within a specific channel, with price formation occurring around the middle and upper parts of the channel. There was a brief bearish candle that broke through the lower part of the channel. However, if this pattern is a bear trap, there is a high possibility of a rebound to the middle or upper part of the channel. A bear trap refers to a situation where the market seems to be falling but is actually setting up for a rise. Therefore, maintaining the lower part of the channel is crucial, and if it fails, caution should be exercised for further downward movement. < Summary > - Reason for rebound 1 : Valid support in the yellow supply zone on the 4-hour chart. - Reason for rebound 2 : Potential for a rebound within the channel on the 15-minute chart, considering a bear trap. - Caution : If the lower part of the channel is not maintained, be cautious of further downward movement. ※ This is not a buy or sell recommendation. ※ It is a personal perspective and should be used for reference only. ※ All decisions and responsibilities are yours.
Long
by Holy_Chartist
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck🍀 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
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT The price of Bitcoin continues to fall and has remained below the EMA 200 and EMA 50 moving averages for over a week. A hidden bearish divergence is forming on the RSI indicator. If the support level at $56,000 fails to hold against selling pressure, we expect a move into the Imbalance 1H zone, where the gaps on the horizontal volume levels need to be filled through trading. In the range of $50,000 - $52,000, we anticipate the correction to conclude and the trend to reverse. Otherwise, the price may head into the next Imbalance 4H zone, where it could experience a deep freefall, potentially leading to a retest of the global upward trend line. This is due to the lack of significant resistance blocks and large gaps on the horizontal volume levels in this area. For the price to resume its upward movement, BTC needs to break above the dynamic resistance line of the EMA 200 and secure a position above the ascending trend line. This would pave the way for a retest of the $65,000 resistance level and further movement towards the global trend line and the major resistance block at $70,000 - $75,000. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price continues to move within a broadening wedge pattern. Currently, the price is approaching a retest of the 200-day moving average, and the outcome of this retest will determine its future direction. Globally, the descending wedge is considered a bullish corrective pattern. However, before breaking out upwards and resuming its growth, BTC may test the lower boundary of the wedge near the 0.61-0.78 Fibonacci retracement levels, where the global support trendline is also located. Such a scenario would present a good opportunity to accumulate long-term positions before the final rally of this Bitcoin cycle. Above the current ATH, there are no resistance levels based on historical data. Therefore, to set growth targets, we will use trendlines, Fibonacci extension levels, and an analysis of large order blocks in order books. The first 1.23 Fibonacci extension level is located at $80,000. In the $90,000 - $100,000 range, there is a global trendline built on the peaks of the two previous Bitcoin cycles, along with the 1.38 Fibonacci extension level. The highest trendline is in the range of the 1.61 - 1.78 Fibonacci extension levels, with its test potentially starting at the $100,000 level. 💠 Analysis of liquidity zones and levels The Fear and Greed Index is in the fear zone - 27. The total capitalization of the cryptocurrency market fell to $1993 billion, and the Bitcoin Dominance Index rose to 57.54. According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 50,000 and 70,000, and the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 56,000 🔴 Supply zone: 68,000 - 80,000 Levels for long positions: 55,000 - large support block 52,000 - large support block 50,000 - psychological support level Levels for short positions: 60,000 - EMA 200 retest 65,000 - large resistance block 70,000 - large resistance block 80,000 - large resistance block 📊 Fundamental analysis In September, the cryptocurrency market is facing significant uncertainty. There has been a continued outflow from spot Bitcoin ETFs. Last week alone, $305 million was withdrawn from cryptocurrency-based investment products, and on the last trading day, ETFs collectively lost $287.7 million, marking the third-largest daily outflow. Bitcoin historically tends to decline in September, with BTC consistently showing negative performance during this month. Since 2013, its price has dropped by an average of 4.78% in September. Analysts have also noted a decrease in stablecoin inflows, indicating that market participants are expecting further price declines. However, if history repeats itself, BTC could see significant growth starting in October, as large players are already increasing their positions and withdrawing Bitcoin from exchanges. Major Wall Street indices ended Tuesday's trading session with losses, driven by negative trends in the technology, commodities, and oil and gas sectors. Looking ahead, the U.S. economic calendar is packed with important events, including the upcoming presidential elections. Experts predict that cryptocurrencies will become increasingly sensitive to developments surrounding potential changes in U.S. monetary policy. The Federal Reserve is set to make a decision on the key interest rate on September 18. Previously, Fed Chairman Jerome Powell indicated a likely reduction in the key interest rate, boosting investor optimism. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 09/06, 15:30 - US unemployment data for August. ➤ 09/11, 15:30 - US consumer inflation index (CPI) for August. ➤ 09/18, 21:00 - New Fed interest rate decision. ➤ 11/05, 00:00 - US presidential election. ➤ 11/07, 21:00 - New Fed interest rate decision. 📈 Statistics of signals from our AI trading indicator: In August, the Bitcoin price continued falling, and then the market began to slowly recover. 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 11 signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. - Total price movement by all signals: + 70.73% - Maximum price movement: + 22.81% - Average price movement: + 6.43%
by TradeINEX
My plan: Take a "Long position"Hello, Guys😉 Without further ado, let’s dive right into the main content. - In short, I believe Bitcoin is positioned for a price increase. I’ll explain this outlook through three key arguments, starting with the first one. - ✅ Reason 1. I’ve applied the Bollinger Bands to Bitcoin’s daily chart. Currently, the price is rebounding after touching the lower band. Support and resistance often occur at the upper and lower bands of the Bollinger Bands. In this case, the price first hit the upper band, followed by a touch of the lower band—typically a precursor to a rebound. Let’s verify this with some historical examples. ✔️ Example 1. This is the chart from January 2024. At that time, the price followed a similar pattern, first hitting the upper band, then touching the lower band. Following this, the price rebounded sharply and eventually hit a new "All-time high". ✔️ Example 2. Now, take a look at this chart from February 2023. Once again, the price touched the upper band, followed by the lower band, and we saw four consecutive green candles afterward, leading to a significant rally. ✔️ Example 3. This is the chart from February 2022. Despite a prevailing downtrend, we witnessed a technical bounce after the price touched the upper band and then dropped to the lower band. A significant rebound followed, even in the midst of bearish market conditions. Now, let’s shift back to the current chart. ---------- ✅ Reason 2. Next, let's take a look at the rising channel formed by three critical points. I find this channel quite interesting. When focusing on the Half Line, it has consistently provided clear support and resistance levels. Recently, we saw the price being rejected at this channel, which further reinforces its reliability. However, the price has currently broken below the channel. If it manages to rebound and reenter, we could witness a significant upward movement. This pattern is commonly referred to as a "Trap," a frequent occurrence in technical analysis. ✔️ Example 1. This is the chart from December 2023. We had a rising channel based on three key points. After a sharp drop, the price broke below the channel but quickly recovered, forming a "Trap" pattern before rising to the opposite end of the channel. ✔️ Example 2. Now, take a look at the chart from March 2024. Once again, we see a rising channel formed by three key points. After ten consecutive green candles, the price hit a peak and dropped. Despite breaking below the channel, the price quickly recovered, forming another "Trap" pattern and continued to rise, holding the middle line of the channel. ✔️ Example 3. Here’s a chart from November 2023. This rising channel was formed by connecting the lower trendline and the peak. After a price drop, the price broke below the lower trendline, forcing many retail investors to exit their positions. However, the price soon rebounded and eventually broke out of the channel to the upside. This time, the "Trap" pattern appeared twice, triggering multiple exits from the market. ✅ Reason 3. The third reason involves the "3 Market Phases" pattern. This pattern typically unfolds in three distinct stages: Contraction, Expansion, and Profit Taking. First, Contraction occurs, which stabilizes the price range and makes investors feel comfortable. Next, the Expansion phase kicks in, causing volatility and confusion, often leading investors to get stopped out. Finally, the Profit Taking phase occurs, sparking a "FOMO" (fear of missing out) sentiment among investors as the price moves rapidly. This pattern is often leveraged by market manipulators to shake out retail investors before a larger price movement. Let’s take a look at some past examples to see this in action. ✔️ Example 1. Here’s the chart from January 2024. It showcases a textbook example of the 3 Market Phases: Contraction stabilized the price range, Expansion created volatility and confusion, and Profit Taking resulted in a strong uptrend. ✔️ Example 2. Now, here’s the chart from June 2023. Again, we see a classic case of the 3 Market Phases pattern. During the Expansion phase, the price breached both the upper and lower bounds, forcing retail investors to stop out. This was followed by a strong directional trend. - ✅ First reason: Bollinger Bands Second reason: The Channel Third reason: 3 Market Phases - Now, for the final conclusion of today’s post I am anticipating a significant upward move. As long as the three reasons mentioned today remain valid, I remain confident in this bullish setup. This is a historically high-probability scenario, and I personally plan to take a "long position." 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
Bitcoin to $100k+?The price of BINANCE:BTCUSDT at the moment is around $56,000, in a short term bearish momentum. If it'll break the $55000 mark, I think the Bitcoin can fall further till it reaches the $52,000 mark, and can take a reversal from that price zone and come back in a bullish momentum and would definitely cross the $100k in the long run. Some of the reasons why I'm thinking like that: - We can see it forming a Cup & Handle pattern from the Monthly Time Frame, currently falling to make a handle if it'll bounce back from the $52,000 mark. - From the Weekly Time Frame, the Fibonacci's golden level (0.618) is exactly around the $52,000 mark. - From the Monthly Time Frame, the Fibonacci's 0.318 level is also around the $52,000 mark. This is just a perspective of mine, the previous liquidation grab have filled several gaps already, if it'll fall further I belief there will be a strong momentum and many buyers waiting on the 0.618 level or the $52000 mark to give it a healthy bounce back to $100k+.
Long
by carpe6m
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