Bitcoin (BTC/USD) Technical Analysis: 1-Day Timeframe
Wyckoff Accumulation: The chart highlights a potential Wyckoff accumulation phase, characterized by sideways price action within a defined range. The current price action indicates the market may be in the final stages of this phase (Phase B), known as the "Spring" or "Test." This phase often involves a final shakeout of weak hands before a significant upward move.
Support & Resistance: A crucial support line formed from the "AR Distribution" and a potential "Failed New Low" around the $52,500 level provide a strong base for a bullish reversal. The price recently bounced off this support zone, further strengthening its validity.
Resistance Breakout: The "Resistance Line" derived from the "BC Distribution" poses a critical level to watch. Breaking above this resistance, currently around $81,186, would confirm a bullish breakout and signal the start of a new uptrend. This breakout would also align with the completion of the Wyckoff accumulation phase.
Target: If the bullish scenario plays out, the price target based on the chart's projections lies around $85,034, representing a 1.5x move from the current price. This target aligns with the potential "High of a Range" within the larger Wave 5 structure.
Expectations for Next Two Weeks:
Short-Term Consolidation: In the immediate term (1 week), we might witness consolidation or a slight pullback as the market gathers momentum for a potential breakout. This consolidation could occur within the current range, above the crucial support zone.
Breakout and Uptrend: In the following week, we could see a decisive break above the $81,186 resistance, confirming the bullish outlook and triggering a new uptrend towards the $85,034 target.
Failed Breakout: Conversely, a failure to break above the resistance and a subsequent drop below the support zone could invalidate the bullish scenario, potentially leading to a deeper correction.
Support & Resistance: A crucial support line formed from the "AR Distribution" and a potential "Failed New Low" around the $52,500 level provide a strong base for a bullish reversal. The price recently bounced off this support zone, further strengthening its validity.
Resistance Breakout: The "Resistance Line" derived from the "BC Distribution" poses a critical level to watch. Breaking above this resistance, currently around $81,186, would confirm a bullish breakout and signal the start of a new uptrend. This breakout would also align with the completion of the Wyckoff accumulation phase.
Target: If the bullish scenario plays out, the price target based on the chart's projections lies around $85,034, representing a 1.5x move from the current price. This target aligns with the potential "High of a Range" within the larger Wave 5 structure.
Expectations for Next Two Weeks:
Short-Term Consolidation: In the immediate term (1 week), we might witness consolidation or a slight pullback as the market gathers momentum for a potential breakout. This consolidation could occur within the current range, above the crucial support zone.
Breakout and Uptrend: In the following week, we could see a decisive break above the $81,186 resistance, confirming the bullish outlook and triggering a new uptrend towards the $85,034 target.
Failed Breakout: Conversely, a failure to break above the resistance and a subsequent drop below the support zone could invalidate the bullish scenario, potentially leading to a deeper correction.
Zlecenie aktywne
WHO TOOK?Transakcja zamknięta: osiągnięto wyznaczony cel
My Social Links:
💬 Discord:
discord.gg/QtU7s5kkgG
Join my community to chat, share ideas, and stay updated on everything!
📱 Telegram:
t.me/+fMfBSUwUVsE5YjNk
Get exclusive updates, discussions, and content in my Telegram channel.
🎥 YouTube:
youtube.com/@Spacedevil0
Check out my YouTube channel for tutorials, videos, and more exciting content!
🐦 X (formerly Twitter):
x.com/ALGOSNIPED
Follow me on X (formerly Twitter) for quick updates, thoughts, and insights.
👾 Reddit:
reddit.com/user/No_Conversation7478/
Follow my Reddit profile for discussions, posts, and more!
📸 Threads:
threads.net/@spacedevil__
Join me on Threads for all the latest conversations, updates, and insights.
🎶 TikTok:
tiktok.com/@spacedevil_
Check out my TikTok for fun, entertaining videos, and more!
📘 Facebook:
facebook.com/profile.php?id=61568284451571
Connect with me on Facebook for personal updates, news, and more!
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.