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#BITCOIN / GROWTH CONTINUES!!

已更新

👉BITCOIN can continue its growth after passing the key daily time-frame resistances.

🔰The next targets for the growth of #BIT:
Target 1: 65986.78-66212.02
Target 2: 67691.26
Target 3: 70378.62

🔰If a drop occurs, it is temporary, and the 2 key supports identified in the figure can be where it stops and where growth begins.

🔰What do you think?

注释

Target 1 has been achieved!✅🎯

注释

🔄#BITCOIN analysis update - July 17
⏳Based on the 1H time-frame:

👉The current trend for Bitcoin appears bullish, primarily due to the breaking of significant resistances in the daily time frame. However, despite this positive momentum, there are considerations to keep in mind:

1. **Intermittent Falls**: While the overall trend is upward, there may be intermittent downward movements. These could be influenced by various factors, so vigilance is essential.

2. **Divergence Confirmation**: The divergence observed on the 1-hour time frame—specifically related to the daily resistance—serves as confirmation of potential fluctuations.

3. **Temporary Drop Targets**:
- **Target 1**: 63148.22
- **Target 2**: 61255.61
- **Target 3**: 58826.25

🔰Each of these levels can act as support and potentially halt further declines. Monitoring price behavior around these targets is crucial.

4. **STOP-LOSS Growth Scenario**: If Bitcoin continues to fall and manages to stabilize above the 58826.25 support level in the 4-hour time frame, the upward trend remains intact. However, a sustained breach below this support could signal a shift to a downward trend.

🔰Remember that cryptocurrency markets can be volatile, and unexpected events can impact price movements. Always stay informed and adapt your strategy accordingly.

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⏳Based on the 15m time-frame:
👉To determine the stop-loss level for the temporary drop scenario, we can draw a bearish trend line based on the most recent decline. Here’s how it works:

🔰Bearish Trend Line: Plot a line connecting the recent lower highs during the downward movement. This trend line represents the bearish momentum.

🔰Stop-Loss Consideration: As long as the price remains below this bearish trend line, the downward pressure persists, aligning with the analysis provided earlier. In other words, if the price stays below the trend line, the bearish scenario remains valid.

🔰Breakout Potential: However, keep an eye on the trend line. If it breaks convincingly—meaning the price moves above it—before the falling targets (such as 63148.22, 61255.61, and 58826.25) are reached, it could signal a potential shift in sentiment. In that case, the upward phase might resume.

🔰Next Growth Targets:
Target 1: 67285.73
Target 2: 70378.62

🔰Remember that cryptocurrency markets can be dynamic, and unexpected developments can alter the landscape. Always adapt your strategy based on real-time price action and new information.

🔰Feel free to ask if you’d like further insights or have any other questions! 😊

注释

🔄#BITCOIN analysis update - July 19
Educational note about July 17 update

In my previous update on July 17th, I discussed the decline of #Bitcoin and mentioned an invalid level in my analysis. Specifically, I highlighted the break of the bearish trendline within the 15-minute timeframe.

Now, let’s delve into the concept of fake breakouts. If you closely examine the magnified image, you’ll notice that as Bitcoin approached the trendline, it formed a long shadow. However, for sustained growth, it needs to close above this shadow—a critical resistance level. Unfortunately, failing to do so has pushed Bitcoin back into a bearish phase.

Remember to keep an eye on these shadows when assessing potential breakouts or support levels.

注释

🔄#BITCOIN analysis update - July 20
⏳Based on the 4H time-frame:

👉Given that Bitcoin has managed to break through key resistances in its recent rally, the rally could continue towards the targets of 69871.51-70378.62 and 77985.36. The second target is equivalent to a new high in Bitcoin.

🔰However, based on the MACD indicator, there is a possibility of a temporary pullback before further growth. A cross in the MACD is needed to trigger this temporary pullback. In this case, a pullback to the trend lines shown in the figure below is expected.

🔰These two trend lines represent important support levels for restarting the rally in case of a temporary pullback.

🔰Note: If the lower trend line is broken, the bullish scenario above is invalidated, and there is a possibility of a phase change from bullish to bearish.

注释

🔄#BITCOIN analysis update - July 21
⏳Based on the 4H time-frame:

👉As I mentioned in yesterday's Bitcoin update

🔰Confirmation of divergence (MACD cross) could lead to a temporary DROP in Bitcoin

🔰Since divergence has been confirmed on the 4-hour timeframe, let me give you some more important details👇

⭐Bitcoin can DROP in the form of a rising wedge pattern.

⭐This DROP could continue to one of the targets:
🎯the lower arm of the wedge
🎯or the uptrend trendline on the 4-hour timeframe.

🔰However, a more detailed analysis on a lower timeframe is needed for a more precise decision, which I will explain below.

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⏳Based on the 4H time-frame:

👉Analysis 1-Hour Timeframe Provides Valuable Insights

🔰The 1-hour timeframe analysis reveals a confirmed divergence at the HIGH similar to the 4-hour timeframe.

🔰For a DROP from this point, the blue BULLISH trendline (as indicated in the chart) must be broken on the 15-minute timeframe.

🔰An alternative scenario involves a temporary upward movement before the DROP occurs!!

🔰This temporary growth could extend to targets of 67753.80 and 68364.28 if the price breakS the BEARISH channel.

Based on the chart and the possibility of temporary growth, Bitcoin could form a rising wedge pattern in this timeframe and then DROP!!