REVERSAL with BODY FACTS BTC Reversal signaling ready. Smart money green trendline pointing up; all I did was retrace it. White trendline pointing out to both bottom wicks equals uptrend which the body candles are also pointing out the facts. Longby The_ForexX_MindsetUpdated 666
Solve a daily puzzle :)It's time for a daily puzzle! Please read description belowby Yelli_tradesUpdated 553
BITCOIN on weekly🚀Hello, friends! Today I present to You a very simple chart. Each of You can describe it yourself. What do you see on the chart? Will it be the same this time? Thank You for showing interest in my work🚀 Always sincerely Yours, Kateryna 💙💛Longby RocketBomb2216
BITCOIN → The bulls are ready to break resistance. 71K or 73K?BINANCE:BTCUSD , after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but there are quite a few key areas ahead that can hold the level. Yesterday, after the bulls held the defense above 64500-65000, the buyers started to push the price up and tested the resistance 67250 with a false breakdown. There is no fall after the false breakdown, a pre-breakdown consolidation is forming. Bulls are still collecting positions with the breakout target and are ready to go all the way. On W1 the picture is very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent. Resistance levels: 67250, 71500, 73700 Support levels: 65250, 64500, 61500 Bitcoin looks quite bullish right now. High interest, favorable fundamental background can affect the strengthening of the price. At the moment it is worth paying attention to these levels, the breakthrough of which may give a continuation of movement, the targets are indicated on the chart CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!Longby RLindaUpdated 6464315
Bears need to explain that bull flag As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up (don't panic) 3- Why are you making this trade? Have a reason for every trade (buy- sell) 4- Focus on bigger patterns. one day, it will make sense to you My rational choice is: intermediate ---- > diamond bottom reversal pattern (Target = $ 73.5k) primary ---> bull flag pattern (Target = $ 86k) strong support = $ 58400 Longby BTC-XLMUpdated 101038
BTC/USD A Bearish Butterfly pattern is another type of harmonic chart pattern that signals a potential reversal in an uptrend, indicating a selling opportunity. This pattern is also defined by precise Fibonacci retracement and extension levels. Here's a detailed breakdown of the Bearish Butterfly pattern: Structure and Fibonacci Levels X-A Leg: The initial leg of the pattern. A-B Leg: Retraces 78.6% of the X-A leg. B-C Leg: Retraces 38.2% to 88.6% of the A-B leg. C-D Leg: Extends to 127.2% or 161.8% of the X-A leg.Longby B9A-88652-NisarAhmad550
🔥BTC might be ready to target 75k: Update and multitimeframe🔥Please see previous ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 7712
BTC - can't believe I'm saying it but - think we get 10-20% UP I 'm looking at the potential "false break" of the uptrend channel (and triangle pattern) on the 4H chart which would be typical market shenanigans for a Friday afternoon.... If I'm right then BTC is going to rally directly from here. You can but 67000 with a stop 65000 and target 75000+ for a 4/1 reward/risk coming days/weeksLongby WVS_Stockscreen223
Bitcoin- would it finally break resistance? After reaching an all-time high in March, BITSTAMP:BTCUSD started to consolidate between 61k and 71k, with a false breakdown in the final days of April. Following this false break, the price once again reached the resistance zone last week and is now consolidating again. The overall trend remains clearly bullish, and the chart structure over the last three months is somewhat similar to the December-February consolidation. Considering these factors, I remain bullish on Bitcoin and expect a rise to the 80k zone, if not higher. Only a price drop below 60k would change this bullish outlook. Longby Mihai_IacobUpdated 2217
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point. Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.Longby FieryTrading2219
Bitcoin: Summer Slump?Bitcoin continues to remain sluggish and is holding around the price level of the old all-time high from the 2021 bull market. Primarily, we expect a significant descent to place the low of green wave 4 in our same-colored Target Zone ($58,655 - $47,012). However, the next bullish impulse move could theoretically already be underway. This scenario (40% likely) will take effect on a break of $73,462. by MarketIntel223
Bitcoin has NOT made a new ATH $BTCAdjusted for inflation, Bitcoin remains below its 2021 highs. This means that despite halving, despite the hype, despite the ETFs, Bitcoin has not made a new high in more than 3 years. This does NOT mean that BTC has topped. I still place a 75% probability that the current bull trend which started at the Nov 2022 low is only halfway done -- and that a move to $135,000 or so by Sep 2025 will occur. Can we argue that BTC is just pausing while buyers sweep up the last of the positions from weak owners -- and that an upward thrust is just around the corner? Of course this is a possibility -- all things are possible with Bitcoin. Yet, the failure of BTC to get back on track will only increase the odds I place that a more sizable correction (perhaps to $40k or so) is underway.by PeterLBrandt3319
Bitcoin: Push Back To 70Ks?Bitcoin support at the 66K area continues to hold and may be the higher low (wave (iv)) that may lead to a higher high over the coming weeks (see illustration). In order for a dramatic new high like 80K to be tested, price needs to prove itself by clearing 73K first. The key to navigating this is to WAIT for the market to provide evidence (confirmation), NOT get stuck on an opinion about the future. Even though the broader trend is bullish, UNTIL it breaks out, it is within reason to expect the consolidation to continue. Recognizing the support/resistance levels within broader consolidations can help to uncover numerous opportunities, especially on smaller time frames. For example, while I consider the 66K area a minor support on this time frame (see arrow), this location is a great spot to anticipate longs on day trade time frames like the 1 or 5 minute chart. When using such levels as a form of context to guide decisions, traders often do not understand how to shape expectations relative to the magnitude of the time frame. For instance, price movements on a 1 minute chart are typically smaller than a 5 minute or 1 hour chart. Knowing this should shape expectations in terms of reward/risk. This is one of the problems I aimed to solve when coming up with the idea for Trade Scanner Pro by automating the exit points using the average true range (ATR). The same can be said about the 70K whole number resistance area. This is an ideal location to WAIT for sell signals, whether to take profit or an aggressive counter trend trade short. Again the location provides a point of reference where we can anticipate a particular price behavior or opportunity. It is up to the MARKET to confirm and even then, there is a chance it can get stopped out (markets are mostly RANDOM). My analysis is meant to shed light on a select range of possibilities over the coming week for day and swing traders. I have to remind people of this because many come to these articles expecting to gain knowledge of the future. It will take some time to realize effective risk management has NOTHING to do with where price will be in the future. There is no way to forecast the future accurately, ESPECIALLY using the limited information that is available on charts. The idea is to help you prepare for potential opportunities that I believe have a greater probability of a positive outcome because of the price location relative to the trend. The MARKET decides what scenario will play out, not me or anyone else. To align with the market, we must have a passive mindset, good listening skills and the ability to admit being wrong QUICKLY, especially on smaller time frames. So here is how to prepare of the coming week: IF the low 66Ks are tested, look for longs, IF 66K breaks, avoid longs and reevaluate new levels. IF 70K is tested, look to take profits, or consider aggressive shorts (counter trend). IF 70K is cleared, watch for test of 73K. How you navigate your positions is a function of your risk tolerance and personal style. Most importantly, let the market do the THINKING, you simply adjust to the new information as it appears. Thank you for your considering my analysis and perspective. by MarcPMarkets1120
Bitcoin will cross 134,000Bitcoin will cross 134,000 in next few MONTHS , I dont think its good idea to Exit from the Market now , instead wait .Longby MdSharif61110
Bitcoin: mixed trading continuesThe story about the ETH ETF approval marked the previous week, and left BTC aside from investors' view during the second half of the week. However, both volatility and liquidations were significant. First, BTC was strongly shifted toward the level of $71.410 from $66.225, and then the price started its decline toward the level of $66.8K. As per news, there has been $350 million in liquidations of leveraged positions, which was the highest level since the beginning of May. It seems that the market was slowly losing hope that ETH ETF will be approved by the SEC, in which sense, the information regarding its approval was sort of a surprise, which imposed strong market moves. Regardless of the latest developments, RSI is showing that the BTC market is still not in the overbought territory. The indicator reached the highest level at 66, and then slowly went down till the level of 57. Based on current indicator`s moves, it seems that the market is still not in the mood to look at the oversold market side. Moving average of 50 days slowed down its convergence toward MA200, so they are currently moving as two parallel lines. There is no indication over potential cross in the coming period, and in this sense, no trend change for the moment. Based on current charts, it seems that the market does not have the strength to clearly pass the $70K line. Still, it should be considered that the previous week was a specific one, as the news about ETH ETF approval was dominant. If we take into account liquidations which occurred and that some of funds from BTC were transferred to ETH, in expectation of its surge in price, then market lack of strength could be explained. As for the future period, charts are still somewhere mixed. There is a potential for the upside, in terms that levels above $70K might be tested for one more time, but there is also some probability for FWB:65K support to be tested. Market would certainly need time to digest the latest regulatory moves, in which sense, higher volatility might continue for another week. by XBTFX1112
WHALES LOW VOLUME IS FINALLY HERE!You all know what happens when I receive a WHALES LOW VOLUME signal. It appeared today at 5 PM PACIFIC TIME. For those who are new to this ForexX channel; what this means, means BULL RUN and will BULL RUN sooner than we think. This custom indicator has been registered as HULL MOVING AVERAGE. HULL connected with trend dotted lines and up and down trend prices. Candlesticks are within the HULL MA. Longby The_ForexX_MindsetUpdated 2212
Duplicate idea showing downtrend possibility BTC still with whales low volume, I have no doubt this is a dip BEAR TRAP headed to smart money red trendline to $67,918. Shortby The_ForexX_MindsetUpdated 225
Bitcoin is heading towards the moon To the best of my understanding, I think BTC is completing the fifth wave of the third wave of a five-wave rally (Wave 3 is still not complete). MACD: Buy signal Longby BTC-XLM114
WHALES LOW VOLUME IS NOW HERE! (Whales have arrived)Today, whales low volume on a 1Day TF has appeared. I told ya it was pending process and now shows complete at 5pm pacific time as of today. View my vertical lines, each one represents 1Day TF from the start when whales low volume was complete. Ended weeks later. Next 1DAY TF vertical line took days to complete. View each smart money contraction value lines then follow the trend. When have I mentioned whales low volume and failed? Who’s ready for another BULL RUN? I added possible targets. Next move is to wait for WHALES to buy some huge BTC. Longby The_ForexX_MindsetUpdated 2212
A BULLISH SCENTThe Pressure on 72K is accumulating power for a gravitational breakthrough for the crypto Indutry.....BRIGHTSON Longby stay_23Updated 114
BTCUSD: Entering the parabolic phase.Bitcoin is on excellent bullish levels on the 1D technical outlook (RSI = 66.472, MACD = 251.100, ADX = 42.204). Following the correction of the last two months, the market has entered the green zone of the Cycle, which is its parabolic phase. This historic chart on the 1W timeframe shows that this phase lasts around 560 days while the previous blue one, which extends from the bottom of the Cycle, lasts around 500 days. This is a clear indication that at least for a year, Bitcoin will most likely rise parabolically with a possible target zone of 200,000 - 300,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope17
BITCOIN '' 4 November 2024''When Bitcoin was first introduced by the pseudonymous Satoshi Nakamoto in 2008, it generated a wide range of reactions and predictions from various sectors, including technology enthusiasts, economists, and financial experts. Here are some of the early predictions and opinions about Bitcoin: 1. **Skepticism and Dismissal**: - Many mainstream financial experts and economists were highly skeptical of Bitcoin. They saw it as a speculative bubble, similar to previous economic bubbles. For instance, economist Nouriel Roubini famously dismissed Bitcoin, predicting its eventual collapse. - Warren Buffett, a renowned investor, called Bitcoin "rat poison squared" and cautioned investors to stay away from it. 2. **Enthusiasm from Technologists**: - Among technologists and early adopters, there was significant enthusiasm. They saw Bitcoin as a revolutionary technology with the potential to disrupt the traditional financial system. The decentralized nature of Bitcoin and the underlying blockchain technology were particularly praised. - Hal Finney, a noted cryptographer, was one of the earliest supporters and received the first Bitcoin transaction from Satoshi Nakamoto. 3. **Libertarian Support**: - Bitcoin garnered considerable support from libertarians and those advocating for financial privacy and freedom. They viewed Bitcoin as a tool to circumvent government control and provide individuals with greater financial autonomy. 4. **Media Coverage**: - Early media coverage was a mix of curiosity and skepticism. Some articles highlighted the potential of Bitcoin to change the world, while others focused on its association with illicit activities due to its pseudonymous nature. 5. **Comparison to Gold**: - Some early proponents referred to Bitcoin as "digital gold," emphasizing its potential as a store of value. This comparison was made due to Bitcoin's limited supply (21 million coins) and its potential to act as a hedge against inflation and economic instability. 6. **Volatility Concerns**: - Many critics pointed to Bitcoin's extreme volatility as a major drawback, arguing that it would prevent Bitcoin from being used as a stable medium of exchange or store of value. Here are a few notable early quotes and predictions: - **Satoshi Nakamoto (2008)**: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." - **Hal Finney (2009)**: "Thinking about how to reduce CO2 emissions from a widespread Bitcoin implementation." - **Paul Krugman (2013)**: "Bitcoin is evil" - reflecting his strong skepticism and belief that Bitcoin would not succeed. Despite the mixed predictions and opinions, Bitcoin has grown significantly since its inception, influencing financial markets, inspiring numerous other cryptocurrencies, and sparking widespread interest in blockchain technology.Longby TrojanBible113