analysis elliot btcusd. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
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Btcusdtrading
BITCOIN SHATTERED Bull Market Doors! What NEXT??Welcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC two shorts plans1D time frame
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BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio.
First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8.
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(1) Double top:
TP: 38500 (+21%)
SL: 49670 (-2.5%)
(2) Liquidation zone:
TP: 31800 (+37%)
SL: 53250 (-4.5%)
BTC short target 34.5k2h time frame
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BTC is creating a small triangle structure, the liquidation zone of this structure is 44500~45300.
Look at the bigger picture, 45000~45430 is the PRZ, which is made from 0.382 Fibonacci tool and project target at 35700~34500. Also, this PRZ(45k~45.4k) is the potential right top of a big double top structure, so this zone would be good to try short with great expected value.
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TP: 35700~34500 (~+22%)
SL: 46750 (~-4%)
BTCUSD: Bullish if it closes over the 1D MA50.Bitcoin is crossing over the 1D MA50, negating the previous bearish trend, by turning the 1D technical outlook neutral (RSI = 54.571, MACD = -301.200, ADX = 35.239). If the 1D candle closes over the 1D MA50, then we expect a bullish breakout like the one on June 20th 2023, which hit the previous High of the Channel Up (R1 level). Consequently we will go long if that 1D candle closing condition is fulfilled and target the R1 level again (TP = 49000).
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Bitcoin 25/01 Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame. Completed Break of Structure with Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line to completed its " C " Corrective Wave
#BTCUSDT: Two Possible Scenarios! Dear Traders,
We have update on BINANCE:BTCUSDT two possible scenarios one is expected where price is to reverse sharply from current region or drop from current price area to 32k region. Due to holiday season we expect low volume in the market. Let's wait for price to do its things.
BTCUSD 17/01Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Impulse Correction " ab " Completed. Consolidation Phase as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line. Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line
BTCUSD H1 / EXPECTING A BULLISH MOVE IN THE COMING WEEK 📈Hello Traders!
This is my idea related to BTCUSD H1. I see equal lows on the chart, a good sign for bullish sentiment. Before going bullish it set equal lows to collect some SL of the retails and now I will look only for long entries.
An objective, I have 2 TPs. The first one is above the FVG where we have an OB and the next TP is the second OB (you can see 30M chart).
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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BTCUSDT: Will it hit $48000? Still remain uncertainBTCUSDT remain uncertain since last two weeks price have continuosly failed to breakthrough 44k region remain sellers strong hold. Still expecting price to bounce back and create a HH. There is high possibility that price even can drop 35k area if we see no strong bullish momentum in coming days.
Comment Down your views on btcusdt?
BTCUSD CONFIRM PREDICTION Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough back the ground lost following the Terra (UST) and FTX crashes of the preceding year. The trajectory took shape in spite of it being an eventful year, with BTC riding the wave of macroeconomic as well as industry-related developments.
#BTCUSDT: 48K Upcoming! Dear Traders,
BTCUSDT has been bullish ever since November, and it is likely to reach 48k area as price is extremely bullish at the moment. NFP will have significant impact on the price $BINANCE:BTCUSDT. We will keep you update as price move forward.
We are neutral here and coming days price can reach beyond 50k.
BTCUSD: Expect the Cycle to peak around September 2025.Bitcoin is holding up very well on the 1W timeframe (RSI = 72.368, MACD = 3833.900, ADX = 54.869) where it is overbought and above the 1W MA100, which appears to be kickstarting the parabolic rally of the Cycle. Our point of interest on this idea is to identify the duration of the current Cycle and we reach a steady conclusion based on the previous Cycles.
Every Cycle so far has been approximately 0.9750 times the previous one. Cycle 2 (1477 days) was 0.9768 X Cycle 1 (1512 days) and Cycle 3 (1435 days) was 0.9715 X Cycle 2. Based on this equation, Cycle 4 = Cycle 3 X 0.975 = 1394 days. That calls for a a High around the week of September 8th 2025. Until then eveyr time the price enters the Buy Zone (curved channel at the bottom), which in our opinion will do at most one more time, accumulate more Bitcoin for the long run.
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BTCUSD: Right where it's supposed to be.Bitcoin is on the very healthy bullish technicals on the 1D timeframe (RSI = 60.823, MACD = 1089.300, ADX = 23.103) extending a controlled uptrend. The 1W timeframe remains overbought though (RSI = 74.426) as there has been no hard correction since mid August. Perhaps the relief in late weeks is an attempt of 1D to neutralize the overbought state on 1W without a strong correction.
Regardless of this, Bitcoin is right where it's supposed to be when compared to the previous Cycles. On this chart you see the harmonic structure of every bottom that leads to cyclinder pattern that ultimate paves the wave for the end of Cycle rally.
There has always been one extreme event' crash on every Cycle, after which the market bottomed and never looked back. It was COVID and Bitfinex before, this time we had FTX and now the market shouldn't break the 1W MA50 again before the next Bear Cycle starts. All that's left now to do is see how close the price will be to the 1W MA50 in the next Halving (April 2024) as from that point onwards the parabolic rally can start any moment.
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BTCUSDTDear Traders,
btcusd has been bullish ever since it dropped to 15000 area from where price just skyrocketed. This sudden jumped in price is due to economic side where investors are more keen in investing in crypto assets than in stock markets or DXY itself. The war conflict also influenced btcusd.
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Bitcoin Pole & flag formation, Breakout expected!BTCUSD has started the November month rally towards upper side, It has reached 36k twice in this month and got rejected at the time of writing BTCUSD is trading around 35300.00
Currently 50 EMA is acting as dynamic support for the bull. october month high (35150.00) is aligning with current support level.
We can see the pole and flag formation and the clear breakout and retest will invite more buyers into play. Breaking below 35k and the lower side trendline will open the door for the bear.
BTCUSD Triangle flag formation in one hour chartBTCUSD is going to break the triangle flag pattern, After reaching the 18 month high its briefly retrace back towards 35800.00 and bouncing back.36800 is currently acting as support for the bull Strong bullish momentum in the market will drive the BTC towards north. watch out the break and retest around 37200.00 level. Possible upper side target will be 38900.00.
BTCUSD: Entering the Channel Up sell zone. 32,000 incoming.Bitcoin has started the formation of the HH on the long term Channel Up as the 1D technical outlook got overbought again (RSI = 81.981, MACD = 1637.000, ADX = 66.110). The CCI is forming that same toppish pattern as July 10th, April 10th and February 2nd. We are targeting the 0.5 Fibonacci level (TP = 32,000).
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BTCUSD You will get another opportunity to buy if you missed thiFew are looking into what has perhaps given historically the most accurate results on Bitcoin, the 1M timeframe. Technically, it has just gottern out of neutrality and turned bullish (RSI = 56.333, MACD = 1504.800, ADX = 27.300) suggesting that the market is past the dangers of the previous Bear Market and has already started the Bull Market.
The current rally is being performed on an October rebound on the 1M MA50. It is not over yet, there are high probabilities of peaking between December and January. Looking at the 1M LMACD, the benchmark is the Bullish Cross that was formed in June (2023). Every prior Bullish Cross, initially delivered a rise then minor pull-back and eventually the final parabolic rally of the Bull Cycle.
We have measured the bottom of the LMACD on each Cycle to its peak and the previous two have been 25 and 27 months in duration respectively. A 25 month estimate for the current Cycles gives us a peak projection for March 2025. We can't of course be certain of the exact peak price but what the LMACD has shown is that every Cycle High is priced when the LMACD hits the 10 year LH trendline. Best to realize profits on your Bitcoins near that level.
Before that, Bitcoin should give us one final pull-back going into the new Halving (April 2024), so that will be your new opportunity to buy if you missed the entry on the current rally.
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BTCUSD: Overbought on weekly but does it matter?BTCUSD has turned overbought on its 1W technical outlook (RSI = 70.463, MACD = 1620.000, ADX = 29.717) as it made a new annual High. This is not the only technical benchmark it achieved as it formed a Bullish Cross on the 1W MACD and crossed over the formed support that turned into resistance emphatically.
We see the same repetitive pattern on both prior Cycles. As long as the 1W MA50 is supporting (which it has since March), then a 1W MACD Bullish Cross on this level initiates a parabolic rally. So be careful with trading Bitcoin technically on the current price levels as the overbought weekly technical indicators may not correct any time soon. This chart shows that if anything, Bitcoin is entering a phase of aggressive growth, even though the official timing has historically been post-Halving.
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BTCUSD: The hidden Pivot trendline that leads to $50k.BTCUSD is technically overbought on the 1D timeframe (RSI = 80.516, MACD = 1734.400, ADX = 57.748) after a very strong 10 day rally that saw it hit a trendline that most people haven't noticed. That is P1, the underlying pivot line that was the HL when the rally was initiated at the start of the year.
A Golden Cross was formed on the first High of that January rally and similarly Bitcoin is about to form another one, the first Golden Cross since then. It is therefore possible to see a pullback to the dotted HL and then cyclical rise and fall until $50,000 in the same way as the price action worked above the P1 level from January to July.
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