BTC UPDATE#BTC did attempt to breakout and again closed before turning it into a fakeout. We have a support at $70,500 which price rejected and looks like it’s going for a retest now. A new HH is expected very soon, by the end as structure is bullish.Longby cryptobrainbox1
Bitcoin $BTCUSD EoM ReviewBitcoin currently rangebound with areas of importance being: $70,687.56 Buystop Liquidity $66,312.16 Sellstop Liquidity Macro: $59,005 - $72,79711:34by LegendSinceUpdated 1
BTC Distribution ScenarioI'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend. Several elements support this structure are worth noting: - The distribution phase is occurring just above the previous all-time high (ATH). - This potential top is showing a monthly bearish divergence vs 2021 ATH. While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25% The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be GETTEX:59K range mid-April) before a move to the Upthrust (UT). Best, Hard Forkyby hardforkyUpdated 2221
BTC price prediction and Elliott wave analysis Hello Friends, Thank you for joining me in my analysis, remember to like, subscribe and stay tuned for more updates. Thanks Bros by MASCryptoAna2
📈 Correction Is Done And BTC About To Hit The New ATH📥 Last Night We Had a Hard Rejection From The Trend Line And It Caused The Dump To The 67k Support Level As a 2.618% PRZ And I Named It As a Wave C Low 📈 Currently Clear Bull Flag Formed At The Chart And The BTC Playing Below It And This Time I Expect a Breakout Toward a 75500$ As a Next Target 👉 Totally By Last Night Dump I Think The Correction Is Over And The BITCOIN Is Ready To Hit The New ATHLongby Bullish_TradersUpdated 161677
BTC inverse head and shoulder 92K Good day Everyone Bitcoin have been trading above the bull flag breakout in the 3 days time frame I think once we can start closing above 72.5K new all time high will come fast. Two bullish pattern in play bull flag breakout as well as an inverse head and shoulder can breakout . Also we have a Stoch RSI weekly cross bullish. Longby WhaleKingpin3
the bigger picture....this is the BTC bigger picture however we need to be patient in order to see the real direction of the marketShortby sirajo013
Bitcoin LiquidationBitcoin Liquidation there is Short & Long Liquidation price on binance I look about the liquidity prices there is a huge liquidity Long Liquidation red line's 68350 66650 Short Liquidation long line's 81000 74100 by lanky90112
BTC Bullish Fractal TriggeredWilliams bullish fractal has been triggered, I think its time to look for longs. Possible targets, by using the 10k bull run. Longby TheChartWhisperer2
BTC: Bull Pennant forming! Previously, the price formed an inverse Head & Shoulders pattern and broke the neckline to the upside. Now, it is consolidating in a bull pennant pattern, indicating a high probability of further upward movement. If the price breaks the resistance zone, reaching 80k is likely. Currently, attention is on the DXY and S&P500. If the DXY continues to decline, a new ATH for both the S&P500 and BTC is expected. Therefore, monitoring the DXY is crucial to anticipate BTC's next direction. For now, the DXY has been declining, so a bullish move for BTC could be imminent! Longby MBM_CryptoUpdated 141439
Keeping Track of BitcoinWant to know how Bitcoin will impact your altcoin bags? I provide daily live technical analysis updates on Bitcoin and major altcoins.by RudoViljoen224
$BTC Hoping for a raid of liquidity at $69,600 for a retracement down to the $64,000s Short orders set, Reclaim and flip on the H4 of $69,600 and longs till $72,000by Ryn81113
BTC Trend Line Supports & ResistanceBTC Trend Line Supports & Resistance BTC USDT will step downward backwards from 72,000$ soon. Shortby vyavansh3
BITCOIN - Price can continue to fall to support level in flatHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge pattern, bouncing down from resistance line and breaking $62200 level. But then, BTC made upward impulse to $66600 level, breaking $62200 level, and even soon broke $66600 level too. Next, price continued to move up and in a short time later exited from wedge and even entered to resistance area. After this, Bitcoin turned around and started to trades in flat, making a fake breakout of $70700 level. Recently price fell to support level, but then bounced up and now it tardes almost near top part of flat. At the moment, I think price can make upward movement first, and then continue to fall to $66600 If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon4411
BITCOIN TO $74,000?Bitcoin continues to push towards the range high, around $74,000. As you know by now, once price broke into the upper half of the range, the expectation is a visit to the top. At that point, we will be at resistance and people will be losing their minds with bullishness. The reason charts work is because of humans - they get bullish at resistance and bearish at support. We need to see a clean break of the all time high on real volume to indicate that all of this is anything but chop… but chop near the highs is much more fun than chop near the lows. Everything still look great.Longby ScottMelker4
Bitcoin has attacked the short-term downward trendlineBitcoin has attacked the short-term downward trendline resistance. This movement could indicate an attempt to break this resistance and a potential trend change.by MonoCoinSignal5
Bearish divergence of $BTC price#bitcoin #btc price has formed a bearish RSI+ Stoch+ MACD divergence in lower time frame. Minor correction may be necessary. Not financial advice.Shortby naphyse2
Wave 4 of Bitcoin: Structure of a FlatHello dear friends, I hope you are doing well. It took a long time to identify the structure of this prolonged sideways movement. I watched many videos and referred to my notes, and this has been very helpful. The current wave structure in which Bitcoin is moving sideways is a flat pattern. This structure typically occurs in Wave 4 of Elliott Waves. What is a Flat? A flat is a corrective wave pattern in Elliott Wave theory that consists of three phases labeled as ABC: ------------ - Wave A consists of 3 waves. ------------ - Wave B consists of 3 waves. ------------ - Wave C consists of 5 waves. ------------ In general, the movement pattern of this structure is 3-3-5. ------------ After the pattern is complete, a breakout to the upside usually occurs (since Bitcoin was in an uptrend before this). Sometimes this pattern can combine in a double or triple formation, which we will review below: Double Flats: Double flats can be divided into three categories: 1. Flat + Flat 2. Flat + Zigzag 3. Flat + Triangle -------------- To connect them, an X wave is needed, which also has a 3-wave structure. -------------- Conclusion: If the top of this flat is broken, Wave 5 movement will begin. If the top is not broken and the correction continues, it means this upward movement was Wave X, and we should expect a larger flat, zigzag, or triangle pattern. Once the structure is identified, the chart will be updated.Longby Sadegh_ShUpdated 7714
IT'S PLAYING MY GAME BTCI don't know if you remember the previous idea i shared about Bitcoin. As you can see, BTC price has perfectly followed my line. Actually the price has broken above the main daily trend line as i was expecting. IMHO we will see a little correction there that will lead It inside the triangle again and the real pump should start next week/Friday.Longby CryptoForexGem4
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. #BTC/USDT Analysis The crypto market has entered a strong bullish rally following the successful breakout and subsequent retest of the symmetrical triangle pattern. This rally faces horizontal resistance, a crucial level influencing short-term price movements. Symmetrical Triangle Pattern: The breakout and retest of this pattern have led to the current bullish rally. 50-Day Moving Average: This moving average is moving upwards, indicating ongoing bullish momentum and acting as a dynamic support. Resistance: Bitcoin is facing horizontal resistance. A decisive break above this level will further validate the current bullish sentiment. Support: The 50-day moving average is providing dynamic support, reinforcing the upward trend. If Bitcoin breaks above the horizontal resistance with strong volume confirmation, consider entering a long position. This move could lead to continued upward momentum and new highs. Place a stop-loss order below the 50-day moving average or recent support level to effectively manage risk. Summary: Bitcoin (BTC/USDT) is showing strong bullish momentum after the breakout and retest of the symmetrical triangle pattern. The current rally is facing horizontal resistance, which is a crucial level for short-term price movements. A decisive break above this resistance could lead to continued upward momentum and new highs, while the 50-day moving average provides dynamic support. Stay tuned for further updates and analysis. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.Longby CryptoSanders95638
#BTC bullish cup-and-handle structure📊#BTC bullish cup-and-handle structure📈 🧠From a structural point of view, we have successfully broken through the turning point, which means that the bullish structure of the cup and handle has been established. It is reasonable to use the bullish structure as a supporting force to continue the upward trend in the future.📈 ➡️From a morphological perspective, the ascending triangle is established. ⚠️But we need to be clear that we are currently in the red target zone, so we cannot chase the rise. If there is a good correction and the price reaches the buy zone, it will be a long trading opportunity worthy of our attention. Let's see if the market can give us such an opportunity.👀 ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it 👋follow me. Learn about further structural evolution💕 BINANCE:ETHUSDT.P Longby wolf_king8883
🔥🔪 Pattern "Cap" | Gravitational waves📣 Hello everyone! I bring to your attention my long-term trading idea for Bitcoin. The idea is based on the theory of wave price fluctuations and physics. Price movement with variable acceleration generates gravitational waves, lines of force form extrema. Also, in this trading idea, to make it easier to understand, for the first time I introduce a long-term bearish pattern, which I simply called “CAP”. You are unlikely to find anything like this in books, since this is my personal term. It vaguely resembles a round top, but the internal structure is completely different. 1️⃣ Technique: 🔹 Fibonacci ratios are not observed throughout the entire uptrend 🔹 With great difficulty, you can highlight a stretched impulse wave, neglecting all possible standards. 🔹 Alternation between waves 2-4 is not observed. After conducting a deep analysis of the entire upward trend from November 2022 from the point of view of the classical VTE, I came to the conclusion that it has not been applicable to the BTC price chart for the last year and is not working as it should. You can try to pull the classic Elliot onto this trend as much as you like, but you will always have much more alternative scenarios than you would like. There is one simple logical explanation for this - the Bitcoin chart has evolved and moved away from classical technical analysis over the past year, in particular from the generally accepted Fibonacci ratios and the classical Elliott wave theory. Everything is done in order to confuse traders as much as possible and as few people as possible make money on this instrument, and on the cryptocurrency market as a whole. 👉 Conclusion: I believe that all the upward movement, the entire growth of BTC from November 2022 DOES NOT HAVE AN IMPULSE STRUCTURE, which means that this entire movement automatically becomes a correction, so that there is nothing inside. This is extremely important. 2️⃣ Fundamentally I am a technician and in 95% of cases I consider the price chart first. Only some strong fundamental sudden events can unexpectedly hurt; everything else is already on the schedule. So, making such a prediction in anticipation of the BTC halving in 2024, I thought about what could happen so that the Bitcoin price does not update its ATH and collapses to $10,000? - After all, after the start of a movement, the fundamental is magically located on the technical picture, and it can be anything that you didn’t even suspect before, and neither did I, when making a trading idea. I've been through this dozens, if not hundreds of times over the past 7 years in crypto. In fact, the reason for the increase in the price of Bitcoin now after the adoption of spot BTC-ETFs is the cyclicality and halving of BTC. No matter how much they have distorted the history of BTC, what they have not drawn on price logarithmic charts, but the essence is the same - these are the expectations that this time everything will repeat exactly the same as it was in the past - growth after the BTC halving, at which everything will work with a 99% probability The risks that something could go wrong, as it turns out, are much greater! - Briefly point by point: 🔹 The Fed may rush and start cutting interest rates too early, repeating its mistake of the 1970s 🔹 Risk of recession in Europe ➡️ Germany is already de facto in recession by the end of 2023. 🔹 Risks from Japan ➡️ Collapse of the carry trade in the Japanese Yen 🔹 Risks from China ➡️reduction in GDP growth ➡️escalation of the conflict in the Middle East will worsen the situation. 🔹 Russia-Ukraine conflict ➡️If US assistance is reduced, Washington’s reputation as a strong and reliable ally will suffer ➡️ The likelihood of new conflicts around the world and the escalation of existing ones will increase 🔹 Taiwan factor ➡️ new president is “undesirable” for China - In the event of an armed conflict between China and Taiwan, the potential damage could be estimated at -10% of global GDP (with Covid19 -6%) 🔹 Potentially possible return of Donald Trump to the presidency ➡️ Dramatic change in US policy __________________________________ ⚠️ The information provided is more than enough for you to think and form your own opinion. Remember that your successful trading should not depend on long-term forecasts. The projection of price movement between key reference points on the chart is approximate and should not be exactly repeated in the future, unless one understands this. Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊ Goodbye!Shortby AnonymousTraderAcademyUpdated 1117
BITCOIN TO DROPLooking forward for this structure. Trade with your own risk .Shortby ewtradersbhUpdated 5