#BTCIn the previous post, I explained that if he breaks the upper zone, the scenario will be violated.
It is going to the corner... in order not to be crowded, all the waves inside the pattern are three waves... I think it can make a W pattern after touching the bottom of the pattern once... it is currently confined to this range. According to this pattern, we should have a break from above, that is, it should see the range of 45,000 to 47,000 dollars.
A break from the bottom will break this pattern.
Btcanalysis
📊🚀 BTC Market Analysis 🌐💹The BTC market has undergone multiple retests of the support zone, breaking and subsequently retesting it. Price rejection has occurred multiple times within the zone, indicating a bullish sentiment at present. The approval of ETFs is also a positive factor, contributing to the potential for sustained prices above the zone. If Bitcoin continues to exhibit stability in this context, there is a possibility of a significant rally in altcoins in the near future. 🚀
#Bitcoin #ETFs #MarketAnalysis
BTC ANALYSIS (4H)Bitcoin has a bearish CH and mBOS after the formation of "SW H", but it is supported by the specified inter change zone. A supportive inside bar has been formed, which has continuously recorded higher Ls and Ls have been respected.
At the top, there are many liquidity pools. It is still an upward trend, especially in the daily time. The green range is a strong support range. If "SW H" is broken, Bitcoin can move towards the red box
We have specified the targets on the picture, when we reach the first target, make it risk free.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$BTC Daily updateCRYPTOCAP:BTC #BTC $46,623 support in effect, $47,232 resistance holding. Previous 4h closed very good, current 1D looking good, if followed thru on previous daily close expect $47,786-$48,080 test,
Bitcoin ETF hype already pretty visible throughout the market, Jan 10 deadline approaching shortly.
Next key resistances $48,644, $49,734, $50,579, $51,630, $52,932.
BTCUSDT. DONT BUY BITCOIN!!!I am super bearish at Bitcoin lets wait Today what will happen in new your session and then i will write why i am bearish at bitcoin.
Bitcoin need correction we saw big movement of bitcoin which was not liquidity it was USDT Dominance active at monthly support, which was pretty strong. another analysis why i am bearish i will update in this post.
ALWAYS MAKE YOUR OWN RESEARCH!!!!
BTC SHORT SETUPHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BTC → Bitcoin Sell-off at $45,800! Time to Short? Let's Answer.Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short?
How do we trade this? 🤔
We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull trend, two massive sell-offs (8% and 11%) in under a month at the major resistance level of $46,000 and an RSI under its Moving Average. I also have my Bitcoin Lifetime Analysis which describes in far more detail, why we need a massive pullback before we see new all-time highs:
We need to wait for a 4HR candle to close below its 200EMA or a Daily candle to close below its 30EMA. You could argue its reasonable to short now, but we lack confirmation, so the probability of profit is lower at this stage. I prefer more probability in my trades.
💡 Trade Idea 💡
Short Entry: $42,600
🟥 Stop Loss: $46,900
✅ Take Profit: $38,300
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Measured Move Complete!
2. Two Sell-offs near the $45,000 area
3. Three Legs Up in a Bull Channel
4. RSI at 52.00 and below Moving Average, Bias to Short.
5. Wait for Final Sell signal, Short 1:1 Risk/Reward.
💰 Trading Tip 💰
There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance, to the top of the breakout, will happen again above the top of the breakout.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Will BTC drop to 38K soon?A day or 2 ago I posted an idea of BTC going back down to 38K, We retested resistance again since then and are slowly making our way to the range low and I think it will break this time towards 38K.
The ETF approval is nearing in the first week of the new year probably. This could trigger a selloff like most major news events in crypto
So far everything is going to my plan and I plan on buying more in this dip if it happens
BTC Still bullishIn addition to the fact that this trend is still up, in my opinion, because the trend line has been broken, but it has not reached the last bottom yet, so the trend should be changed and become downward.
👀
But it may happen from those fake breaks or fraudulent support and manipulation in the market that is only in crypto.
STILL A POSSIBILITY??We are back in the triangle "on-chart".
Support on 4-Hr, after tested severally got broken to downside
Daily: RSI looks lot more room to down side.
RUMOR: ETF approval usually precede down-move
KEY Pattern: Double-Top formed clearly on the chart. It is all there is to see.
Additionally what some people called M formation
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Testing $43,145 resistance at the top of the triangle, Amazing reversal followed by bullish pin bar 4h close at the bottom testing $40,583 support. Bullish engulfing on last 1D close, current daily moving for follow up. RSI on 4H and 1D looking good, Watch given S/R
BTCUSD H4 is going after the Liquidity and KEY Resistance!📉Hello Traders!
This is my perspective for BTCUSD H4. I see two key levels that most probably will be reached. The first one is Liquidity at the price of 39300. The second one is the resistance level from 38500, from this price I will look for a Long trade in case of confirmation.✅
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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$BTC Daily UpdateCRYPTOCAP:BTC CRYPTOCAP:BTC Descending Triangle forming on 1D and 4H, let's see in what direction this breaks, $40,583 support in effect followed by a bearish engulfing on 4H, if 4h shoots closing above $42,070 the Descending Triangle will break bullish, previous daily close with bearish engulfing