Bitcoin bull signalWe found the history of 1W MACD. When MACD crosses, the price tends to fall. We've found it at least twice in history. Will it happen this time? If it is. $55,000 to $52,000 is the closest that is possible at this point.by Thebest-traderUpdated 117
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BITSTAMP:BTCUSD ✅Today, I want to analyze BTC for you in a 12H time frame so that we can have a MID-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, BTC has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves . ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Starting 5th waves. 🟢 Bullish Divergence 🟢Falling Wedge ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Longby CobraVanguardUpdated 3357
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
WHALES LOW VOLUME; almost complete Whales low volume means BULL MONSTER RUN. I think by now, those mates who know when I mention whales low volume means BULL RUN. Last whales low volume spiked to about 10k. Here is your rectangle and my SPACEDXx purple plot wave indicating BULL POWER. My money volume green wave is also on the up move. Longby The_ForexX_MindsetUpdated 3312
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 67,281.45 1st Support: 64,516.04 1st Resistance: 71,327.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets119
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 XBTFX119
BTCUSD Long Run target 89,000$1. Bullish Flag continuation pattern which support Bulls if Day closing end at 67,000$ and above. 2. ABCD pattern formation where exact retracement occurred at Fib 0.50 point which also support Bulls. 3. Harmonic ABCD pattern Point D expected to be completed at 89,000$ in coming days if price remain above 67,000$. 4. Fundamentally war and war like activities boost market prices. Bullish ABCD Pattern Summary. AB Leg: The initial move starts from point A (low) to point B (high). BC Leg: The price then retraces from point B to point C. This retracement typically aligns with a Fibonacci level, such as 0.618 or 0.786 of the AB leg. CD Leg: After reaching point C, the price moves in the direction of the original AB leg, extending to point D. The length of the CD leg is typically equal to the length of the AB leg. Entry Point: Traders often look to enter a long position near point D, expecting a reversal. Confirmation: Fibonacci extensions, previous support/resistance levels, and other technical indicators are used to confirm the validity of the pattern. Longby AGCL333
MEN LIE, WOMAN LIE, BUT CHARTS DON'T LIE. Vertical lines represent bearish and bullish sessions. The next reads to be a Bullish Session. The price is questionable. The 3-month space is just an idea of what might happen. Bubbles represent price zones. I will not play Wizard and predict where the price will end up. I'm only being honest. Price action, sessions, and pi cycles read how and where. Prices are also thought ranges. Hanging Man made the dip. Bullish Engulfing has not been completed yet. It's still in process. In my opinion, it will be a bullish engulfing because two bottom body candles are even and the pattern has a BE pattern type but not confirmed yet. Pi Cycles meaning: to have a crash, red MA must first cross the green MA which has not. Neither will the price fall below the red MA. I've applied a white MA for security, the RED MA must not fall below it. Please see PI CYCLE's previous idea. Follow the red and green MA. When the Red MA crossed the green MA on cycles 1 and 2, then came the dip. 1 and 2 blue trend is part of the halving pattern. This idea meets the criteria for STOCH RSI. When using STOCH RSI on a 1WK volume chart, it shows the bull momentum making the CROSS. BULLS have made null and void the HM. Red and white MA's work like a magnet with volume candlesticks. Longby The_ForexX_MindsetUpdated 151556
Is Bitcoin about to rally to $110-120k ??Very probable. In the next 6 to 9 months. This idea is a continuation from the idea: ‘Is Bitcoin about to collapse to $20k ??” published back in December. You can read it here: tinyurl.com Previously the $20k target was based around the idea of a wave 4 Elliot wave correction. A strong sell signal on the weekly. Now everything is in reverse. Wave 5 rally seems highly probable with a strong buy signal. Actually this is the first ‘incredible buy’ signal I’ve seen on a weekly chart of Bitcoin, no matter the exchange. I can hear it already: “This isn’t a wave 4 correction, it’s a bear market!!” Yes and no. Yes, technically it is a bear market, but crypto winter? No. This is just a heavy wave 4 correction like we’re seen in other cycles, such as: 1) July 2019 to April 2020 2) April 2013 to August 2013 Both corrections were around 75%. What you’ll notice is the rally that followed each of those corrections was particularly strong. ** Lengthening cycles ** I’ve a big fan the lengthening cycle theory first brought to my attention by the Youtube Benjamin Cowen. If you overlay the theory with pervious cycles you find the market top for this cycle is 6 months earliest 9 months latest. The increasing lengths are shown on the above weekly chart. How does rally play out? As per the weekly chart below, a rally to the $48k level before September. There’ll be an excellent swing trade opportunity around this time. And then off to the top. What are the fundamental reasons for all of this happening? Risk assets all over are about to do the same. We’re told a recession is coming if not already in one (depending what country you’re in) with an environment of rising rates. Obviously the two cannot coexist, the FED will have to pivot if economies are showing slow growth. When the herd get whiff of a rate pivot.. The other half to this explosive growth is slowing demand in the face of peaking inflation. With the rate rises everyone has started to watch the pennies at the exact same moment retailers have overstocked. There’s no question inflation has peaked and will likely now come down hard in the months ahead in an environment of rising rates. The combination of rate pivot and falling demand is a unique set of circumstances you don’t see very often. You’ve got to look back decades. Questions? Just ask below! Ww Type: trade Risk: <=40% of portfolio Timeframe: 6 - 9 month Return: 6x Weekly chart Longby without_worriesUpdated 823823777
Small bunniesCouple of bunnies is grazing at plains of BTC. Hopefully they will encounter big pile of cabbages and enter feeding phase.by FiercePears115
UPDATED SMART MONEY TRENDLINES Trendlines are smart moneys path directions. They change from time to time. They are using the yellow trend as of now. Trendlines refer to their buy and sell bids. They place a buy bid, create a false demand then they cancel the buying bid. Same goes with sell bids. They cause the price to spike when they place a buy bid, then they cancel the bid before it executes so then price falls. The top green trendlines are their future price targets. Same goes with the red trendlines. This idea can be used for short and long. It’s guidance. Shortby The_ForexX_MindsetUpdated 16
Bitcoin finds strong resistance at $70,000Bitcoin (BTCUSD) pulled back below $67,000 in a broad market move yesterday. Interestingly, this price action coincided with the Securities Exchange Commission’s (SEC) approval of exchange applications to list spot Ether ETFs, which was recently preceded by a rally in altcoins, of which many are currently seeing profit-taking. In addition to that, it coincided with a similar weakness in the U.S. tech sector that remains highly correlated with Bitcoin and whose potential topping presents one of the biggest threats to the cryptocurrency’s spectacular performance. While Bitcoin may take out all-time highs in the near future, we are significantly less optimistic about it continuing to $90,000 or $100,000. In fact, we are starting to grow increasingly more convinced that investors will find, once again, that markets do not function as exponential growth machines. It may have seemed up until now that wealth could be made out of thin air, but historical precedents show that such optimism often leads to harsh reality checks. The exuberance in the market, fueled by speculative mania, will likely face a sobering correction as underlying economic fundamentals reassert themselves. Therefore, we deem it proper to be highly cautious in the current environment, especially as investors continue to disregard many recessionary signs that eventually lead to risk aversion. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) shows a recent rejection at the channel’s upper bound. Another retest of this resistance is not ruled out. Illustration 1.02 Movements indicated by the 20-day SMA and the 50-day SMA suggest choppy market conditions for the trend’s medium degree. Bitcoin addresses The number of Bitcoin addresses with balances exceeding 1,000 BTC has been rising over the past week or so. But the opposite has been happening to the number of Bitcoin addresses with balances exceeding 100 BTC. Technical conditions Daily time frame = Slightly bullish Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. Longby TradersweeklyUpdated 12
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 114
$BTC to $52-54k before new high $70K+?The chart for the last range played out already, so now creating a new chart to focus on price action over the coming month or two. We ended up tagging the $58.2k support on the bottom of the range and have since bounced higher. I think it's likely that price action will continue up until the $66k resistance. If price can't break above that level, then I think that sets up the potential for one final move down before we see a new high. The levels to look for on the support side would be GETTEX:54K , GETTEX:52K on the chart. I'd anticipate this move playing out between the next couple of days and the middle of May. After that level gets hit, then I'd expect a fairly fast run up into new highs at the $76k-78k range. So I plan on bidding heavily into that support region, should it happen. That should be the final top for this cycle. by benjihyamUpdated 556
Bitcoin - new ATH soon. Best time to buy nowBitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a look at the previous price action. We have a false breakout below the key levels; it was a bear trap created by market makers to get as much liquidity as possible for their huge orders, as they cannot simply do so whenever they want. From the Elliott Wave perspective, there is nothing bearish at this moment. I see that the corrective pattern WXYXZ has been completed, and we are starting a brand new impulse wave to the upside. The next target is around 71k because we have his important red trendline, so make sure you are aware of it. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.Longby XanroxUpdated 4343234
#BITCOIN. A healty pullback before a possible more agress move. CRYPTOCAP:BTC price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals. This surprised traders who were optimistic about new all-time highs following the cryptocurrency's strong rally earlier in the week, gaining 9% to $72,000. The sudden decline saw BTC fall from a high of $71,980 on May 21 to an intra-day low of $66,606 on May 24. This latest move in BTC price I would call a healty pullback / possible fakeout and I expect to see BTC might make a gap up or a climb to as high as 77/78k LVL. While still keeping my old analysis as a base. (THIS WAS RECENTLY REMOVED BY MODERATORS FOR RESTRICTED CONTENT). Here is the original numbers from apr 16 analysis. If price = down from: Ema 20 Sma 50 =bears will try to push for 60k lvl. If this lvl breaks look for 61.8% Fib r lvl of $54++ If price breaks up from: MA = $60k - 73k range. A break + close above 73,777 indicates a resumption of the uptrend to 80k. Longby BaseLineTraders113
BTCUSD Descending Triangle Breakout ? 24.05.2024- Descending triangle pattern identified on the 15-minute BTCUSD chart. - Upside break of downtrendline suggests potential price increase. - Downside break of support indicates potential further price decline. - Apply risk management _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) by BDSwiss_Academy223
The Bitcoin BoxA continuation of my last post "The Fink Line In The Sand" -- Price action to me still looks good - Seems to play into the wyckoff accumulation patterns as well as just sideways waning velocity. Taking time off the clock for a move higher... the longer it stays in this box the more confident I get... wen 100k COINBASE:BTCUSD Longby longs4days113
Bitcoin Wyckoff - An alternative view...This is what a bearish view would look like. As usual, targets are based on traditional pnf methods. The AI BOT I use seems to be extremely bearish which prompted be to go against my better judgement and also be bearish. As usual, just an idea. Good luck. Shortby SellBitcoins223
BTCUSD (To Achieve More)Bitcoin Liquidates $85M in Shorts, Eyeing $100K Price Target Bitcoin saw a significant surge leading up to the previous daily close, with substantial buy liquidity driving the market close to $72,000. This rally resulted in the liquidation of $85 million in BTC shorts within the past 24 hours, according to data from CoinGlass. Statistician Willy Woo commented that bulls are now challenging overhead resistance that has been in place for over a month. Technically: The price stabilized in the bullish zone as predicted in our previous analysis, reaching targets of 69030 and 71660. Currently, a correction is expected down to 69040 before the price attempts to push up to a new all-time high. The price is likely to consolidate between 69030 and 71660 until a breakout occurs. A decisive break below 69030 with a daily close under this level would signal a downtrend. Key levels to watch: - Pivot Price: 71660 - Resistance: 73810, 76500, 80150 - Support: 69040, 66850, 64900 The price movement is anticipated to range between 69040 and 73810. Previous idea: Longby SroshMayiUpdated 116
🅱️ Bitcoin Local Resistance, Lower High Followed by Lower Low Here we are looking at the 4H timeframe, considered by many of us to be short-term. Bitcoin just produced a local lower high —I honest don't know what "local" means in this case— I am talking about now vs 22-April marked with the cap pattern on the chart. Then another lower high this time 8-April —Not sure of this one is local, national or international but still a lower high. This is a quick update. I wanted to let you know that prices are moving lower and the jump yesterday is just the classic CPI, news release market manipulation dynamics. The move up is just a SHORT-squeeze... Who are the experts? Those who mislead people or those who lead? I am surely biased as everyone else, I also have to eat but, I fight off any type of temptation (never felt any) and only share what I see. Now, tell me, what do you see? Namaste.Shortby AlanSantana202056
BTC: Ready for Takeoff23% correction lasted around 50 days. After a reset, Bitcoin is ready for another ride to the upside!Longby LA_DesignerUpdated 557
Rough day tradingI admit I had a rough day trading. I kept my losses at a minimum, but it's hard to fight my biases. I admit the chart looked bullish today, but it has broken key levels to the downside now. I flipped short again and I remain vigilant. Shortby handyrams8222