⭕ Bitcoin at the formed VaL during July at 106609, and it is clear from the price chart that regaining movement above this level opens up the opportunity to test the previous peak, knowing that the selling range and orders are clustered between 117918 - 119507
⭕ The nearest support range after the recent rise is 115635 - 114706 ◀️ This range is important to maintain upward momentum; if broken, it is necessary to monitor 113063. Losing this will push Bitcoin to gather additional liquidity and momentum from below 112000 again, as happened at the beginning of this month
mehmetwehbe
--
Bullish
#MarketPullback
$BTC
Many people are asking how long the Bitcoin correction might last!
❇️ The key to the rise and the breathing space is restoring trading above 116609
⚠️ However, if this rise does not happen, we need to monitor the nearest range for liquidity accumulation, and the numbers are as follows: 109895 - 107647 - 105231, and this would be considered a deep correction if it occurs.
✳️ We are now at the end of the week, and it is natural for some to feel tension, but I see a unique buying opportunity if this deep correction happens, and most likely we will witness a change in direction from the middle of next week.
📄 Update on the latest portion of Ethereum that recently occurred
⭕ The current support range and possible consideration for entering speculation or increasing the quantity in case of a retest of 3500 - 3400 and its stability, forming a corrective wave for the first wave in the upward trend towards the target of wave 5 between 4200 - 4400
📄 An important note here is that the positive pattern technically fails with a break below 2520, and this figure is very far from the current price, so caution is needed in case of losing the level of 3083
👍 So far, the upward path in Ethereum's targets has not ended, in addition to the fact that Ethereum has not yet achieved a historical peak
✅ The entry range for buying the currency is divided into two parts from the current price at 87.26 and at a price of 75
⛔️ The stop loss will be a break below 49.80
💹 Take profit will be within the range of 120 - 170 and between the range of 248 - 289 if the currency enters a bullish wave
📊 The profit-to-loss ratio is 5.39:1
📝 This analysis is based on the Elliott Waves analysis method on the weekly frame since the currency was listed on Binance in 2018. The currency has maintained a good structure, first by holding the low of 2018 at 22.32 and maintaining the low of 2022 at 40.30. This places the currency in an excellent position to move
📝 Even if you already own some, you might consider studying the amount you have and increasing the quantity.
Update on the Bitcoin dominance percentage in the cryptocurrency market
Continuing with the model presented for months, we notice that there is a retest of the break that occurred where the yellow circles are in the price chart, which is the range between 62% - 63%
If this range holds as resistance, there will be a continuation of the downward trend in Bitcoin dominance, which supports the movement of liquidity towards alternative currencies.
mehmetwehbe
--
Bullish
#AltcoinSeasonLoading
Is the altcoin season dependent on the movement of Bitcoin's dominance percentage?
Yes, in the past period, Bitcoin's dominance exceeded 65%, and this was a factor that drained a large amount of liquidity from most altcoins and depleted them.
We have not witnessed these levels of dominance since 2020-2021, and it indicates that the focus of large whales and investors is primarily on $BTC .
This dominance has currently reached a central and important resistance level on the daily timeframe, and we have seen a break that could be the beginning of the altcoin season.
Certainly, this process does not happen overnight and requires time and a gradual movement of liquidity from Bitcoin to other coins.
Everyone is waiting for this matter, and all we can do is to follow up and not forget to protect our capital.
Effectively during the night, Bitcoin reached 111850 and it is considered a good retest of the range that was a primary reason for achieving the last peak.
The key and monitoring here will be on 116k
mehmetwehbe
--
Bullish
#MarketPullback
$BTC
Many people are asking how long the Bitcoin correction might last!
❇️ The key to the rise and the breathing space is restoring trading above 116609
⚠️ However, if this rise does not happen, we need to monitor the nearest range for liquidity accumulation, and the numbers are as follows: 109895 - 107647 - 105231, and this would be considered a deep correction if it occurs.
✳️ We are now at the end of the week, and it is natural for some to feel tension, but I see a unique buying opportunity if this deep correction happens, and most likely we will witness a change in direction from the middle of next week.
Many people are asking how long the Bitcoin correction might last!
❇️ The key to the rise and the breathing space is restoring trading above 116609
⚠️ However, if this rise does not happen, we need to monitor the nearest range for liquidity accumulation, and the numbers are as follows: 109895 - 107647 - 105231, and this would be considered a deep correction if it occurs.
✳️ We are now at the end of the week, and it is natural for some to feel tension, but I see a unique buying opportunity if this deep correction happens, and most likely we will witness a change in direction from the middle of next week.
✅ The entry method will be at the current price of 1.626 and reinforcement at 1.476
⛔️ The stop loss will be broken at 1.310
💹 The initial take profit will be in the range of 1.880 - 2.100, and if the currency enters a bullish wave, the target will be in the range of 2.50 - 2.70
📊 The profit to loss ratio is 3:1
📝 The currency is considered new with actual positive signals on the daily timeframe, a suitable correction at the 0.618 - 0.669 Fibonacci levels as shown in the price chart, the green range, and the stop loss is the last tail bottom formed at 1.310
❤️ Good luck to everyone, and make sure to calculate all risks before entering any currency
📄 The idea here is for the second entry or for those who do not have it in their wallet
👍 It forms a positive pattern consisting of 5 waves: 3 upward and 2 corrective ⭕ It experienced two upward movements and two corrective movements, and the remaining last part is indicated in the price chart in purple
⭕ Entry and buying points: from the current price of 17.68 and strengthening within the range of 16.38 - 14.85 🔼 The target of the pattern is to reach the range of 30.94 - 38.44
🚨 This pattern fails if it breaks below 10.10
❤️ Good luck to everyone - calculate the risk percentage before entering and buying any currency
◀️ The market is pricing based on not lowering the interest rate on the US dollar at tomorrow's meeting
◀️ Others are waiting for Jerome Powell's speech to find out if he will resign or clarify some issues
🚨 Tomorrow will be eventful
⏰ The interest rate decision will be issued at 21:00 Lebanon/Saudi Arabia time ⏰ Jerome Powell's speech will be half an hour after the interest rate decision is issued
Congratulations to everyone who bought with currency $BNB
Historic peak and we aim for the currency to rise to rise and break records 🤩🤩🤩
mehmetwehbe
--
Bullish
#BNB
The target for BNB coin will be around $1000+
Several factors support this target, including the strength of the Binance platform and through Elliott Waves analysis.
Looking at the three-day time frame, we see that the range of 574 - 470 is filled with buy orders and is the appropriate range for correction after reaching the peak of 793.
You can greatly benefit from owning BNB on the platform, including participating in vote #BinanceVoteToDelist and also participating in all #Launchpool .
You can divide your entry into stages within the mentioned range. This model fails to break below 398.
✅ The entry method will be at the current price of 0.4222 and reinforcement between 0.35658 - 0.31853
⛔️ The stop loss will be if it breaks below 0.26267
💹 The initial profit taking will be at the levels of 0.56675 - 0.66742, and if the currency enters a bullish wave, the target will be towards 0.84236 reaching up to 1.13313
📊 The profit to loss ratio is 8:1
📝 The currency is considered new and there are actual positive signals on the 8H timeframe, moving excellently above EMA25 which is 0.35764, and of course, the stop loss is based on EMA200 at 0.26267
❤️ Good luck to everyone, do not take risks before completing all financial calculations
✅ The AVAX coin is available for spot purchase from the current price up to a limit of 16.89
✅ The coin has risen 52% since this analysis was previously published, and opportunities to enter are still available as the coin has not yet achieved its primary target in this price cycle.
❇️ The main targets for the coin are to reach the range of 54.05 - 75.92
⛔️ It is very important for the coin to stay trading above the level of 13.33 on a three-day frame to maintain positivity and upward momentum.
❤️ Good luck to everyone, do your own research and due diligence before entering any coin.
Sales pressure around 109723 is clear on the price chart and for everyone
Four attempts so far
⭕ First support range for Bitcoin: 118398 - 117612 ⭕ Second support range for Bitcoin: 116000 - 114813
⭕ Every rebound like this around 119723 needs to gather liquidity from below to gain additional momentum
🔼 What helps alternative currencies initially is the decline in Bitcoin's dominance and should be monitored daily
mehmetwehbe
--
Bullish
$BTC 📄 Update on liquidity movement and key liquidity cluster points
◀️ Summary of the first movement: A sale occurred at 121826 and a break happened at 117612, after which liquidity was collected between 116 - 115 ◀️ After collecting liquidity, we mentioned that breaking 117612 would allow testing 119723, and that is what happened
⭕ Now, a selling range has formed between 120813 - 121826, which is clear on the price chart and the way it bounced down 🟣 The current movement is confined between 118398 - 117612
📄 Regarding trading ideas: ⭕ The thought here is to buy between 11600 - 114813 if a break occurs at 117612 and trading starts below it ⭕ The second idea, in case this break does not happen, is to wait for confirmation of trading above 118398, and in this case, it's preferable to wait until Monday
✅ Entry points for the currency: at the current price 0.06135 and the reinforcement should be within the range of 0.05321 - 0.04860
🔴 Stop loss is below 0.03660
💹 Potential targets: first target 0.08140 and if the currency enters a bullish wave, the target will be towards 0.1130 reaching up to 0.150
📊 The profit to loss ratio is 5:1
📝 This idea is based on Elliott Waves analysis, especially since the beginning of the currency's listing where a WXY pattern formed, and this pattern was confirmed after the upward rebound from 0.03660 which we considered as our stop loss. The liquidity range is the range we defined for reinforcement; its stability will give momentum and strength to the currency to complete an upward path, at least achieving a trend towards the peak of wave 4
❤️ Good luck to everyone - do not enter any currency before studying the risk ratio you will undertake
$BTC 📄 Update on liquidity movement and key liquidity cluster points
◀️ Summary of the first movement: A sale occurred at 121826 and a break happened at 117612, after which liquidity was collected between 116 - 115 ◀️ After collecting liquidity, we mentioned that breaking 117612 would allow testing 119723, and that is what happened
⭕ Now, a selling range has formed between 120813 - 121826, which is clear on the price chart and the way it bounced down 🟣 The current movement is confined between 118398 - 117612
📄 Regarding trading ideas: ⭕ The thought here is to buy between 11600 - 114813 if a break occurs at 117612 and trading starts below it ⭕ The second idea, in case this break does not happen, is to wait for confirmation of trading above 118398, and in this case, it's preferable to wait until Monday
mehmetwehbe
--
Bullish
#BTC120kVs125kToday
🟠 $BTC
📄 This analysis is for liquidity and comparing supply and demand ratios
🚨 We start by noting that actual selling pressure began at 121826 and this ratio increased as it dropped below 119723
📄 Any daily close below 117612 will increase this pressure, which is logical after such a rise specifically in Bitcoin
⭕ The two closest important levels with liquidity and buying strength are at 114813 and 110623
◀️ The current rebound from 116114 (the lowest point Bitcoin has reached currently at the time of writing this analysis) is insufficient in terms of liquidity and needs more momentum, and attention here should be on the level 117612
📄 The current movement is between 117612 - 114813, the range where Bitcoin stabilized before achieving the historical peak, and thus maintaining this range will provide a boost for a larger rise