Willzone

Bitcoin is currently trading well above the key base levels of $33,114.36, $25,608.60, and $29,503.61, but there's always the possibility of a gradual decline toward these prices. If the market experiences increased volatility, regulatory changes, or significant sell-offs, the price could slowly drop to $33,114.36, testing the market's resilience. A further downturn might bring Bitcoin to $29,503.61, especially if bearish sentiment takes hold. Should external factors like a global economic downturn or policy shifts intensify, a deeper correction toward $25,608.60 is possible. However, once these levels are tested, it could pave the way for one of the strongest bullish eras in Bitcoin's history, setting the stage for a powerful rebound.

Anticipating a short-term bearish trend for Ethereum (ETH), with potential downside movement from 1787 to 1767, aimed at enticing traders by partially filling the existing gap. Employing a risk-reward ratio of 1:2 due to prior instances of upward gap completions. target 1824 which will become a resistance

Upon analyzing the 4-hour timeframe, a substantial reaction is evident at the downward trendline. This observation indicates a prevailing fear in the market and a loss of bullish momentum. From my professional viewpoint, it is essential for the USD side to address the gap that remains unfilled before any sustained upward movement can be expected towards the daily trendline.

Based on the daily timeframe chart, a strong confluence is evident around 1925.88, which will serve as our support area for the entire week starting from August 7 to August 14, 2023. There is a possibility that the price will continue to rise until it reaches the .618 Fibonacci level of the previous high and low. My strategy is to buy on each retracement within the demand area, but always remember to take your own risk and perform your analysis. Wishing you good luck! 🍀

Beautiful set-up so far , would this be play ? comment your opinion guys .

Here we can see that the trendline aligns with the movement of the market. Is it possible that the bear season of the market is not yet over?

WILL BITCOIN CLEAR THE ORDER BLOCK OF 2022 Q2 The key question we're examining is whether Bitcoin will clear the order block from the second quarter of 2022. Currently, two scenarios are being considered: Scenario 1: Bitcoin may sweep up the second quarter before descending further. In this case, the price action is expected to move upward in the short term, potentially encountering resistance at the confluence area around $26.9K. The reasons supporting this upward movement are based on the historical support level from 2021 and the failure to clear the order block of 2022. Scenario 2: Alternatively, Bitcoin may face a downward trendline originating from March 2021. The order blocks from May and June 2022 could act as a trap set by institutional players (inducement). If this scenario plays out, Bitcoin might position itself at the confluence area around $26.9K. It's important to note that for Bitcoin to climb further, it would need to cross both the 200 EMA and 800 EMA, in addition to the presence of an upward trendline. The fulfillment of these technical criteria may lead to an upward move. However, before any significant climb, the Fill-The-Value Gap (FVG) must be filled, suggesting that certain price levels need to be retested before a more substantial upward trend could potentially take place. In conclusion, as a professional trader, the focus is on monitoring the confluence area at $26.9K, observing the trendlines, EMAs, and the fulfillment of the FVG. These technical factors will play a crucial role in determining Bitcoin's potential direction in the second quarter of 2022.

BTC WYCKOFF The process of accumulation in trading using Wyckoff theory involves several steps: 1. Shakeout: This is where the market pushes prices down to catchstop orders and trigger panic selling. This usually creates a false breakdown below support levels. 2. Absorption: During this stage, smart money enters the market and accumulates a large number of shares at the lower price caused by the shakeout.out weak-handed investors who panic and sell their positions. This creates an opportunity for smart money, who take advantage of the temporary dip in prices to accumulate assets at a discount. 2. Absorption: Once the market has shaken out weak investors, the smart money begins to accumulate assets at a steady pace, soaking up any remaining selling pressure. This accumulation phase may take several weeks or even months, as smart money tries to accumulate as much as possible while concealing their buying activity from the rest of the market. 3. Confirmation: As accumulation reaches its final stages, the market typically experiences a period of consolidation as prices trade in a narrow range. Eventually, the smart money will start to reveal their buying activity by pushing prices higher, which confirms that the accumulation phase is complete. 4. Markup: Once confirmation takes place, the market enters a new bullish phase where prices start to rise rapidly. Smart money sells their accumulated positions to the rest of the market at a higher price, creating a profit. This phase is known as the markup and can last for a considerable period as prices continue to rise and the wider public becomes aware of the bullish trend. Overall, understanding the process of accumulation is one of the cornerstones of Wyckoff theory. It enables traders to analyze market trends and identify opportunities to buy assets before prices rise. By doing so, traders can potentially generate significant profits while minimizing their risk.

$BTCUSD this is how I see the movement of bitcoin BTCUSD this is how I see the movement of bitcoin . i know it will happen , if it does .I will be able to buy a mansions , yacht and a lot of luxury jewelries , cars , shirts , pants , and bags . ofcourse I will help a lot of people too.This is the story. They will focus on finding who's Satoshi Nakamoto really is . It will be the reason of severe bearish market and then they will find out that the main creator of bitcoin is dead . They will announce that the bitcoin can never be opened by anyone else because it's fully secured . It will shoot up above the sky outside of the earth until to it's infinity

Papasok akonsa gala kapag na hit ung floor na gusto ko , no need to explain hahaha