Bitcoin is currently hovering around $62,850.
If the price falls below $61,000 and closes below that level, it could trigger a sell-off, dragging the price down to $57,000.
The highlight is that $51,000 represents a significant support level. If the bearish trend continues, the price could even drop as low as $47,000 or even $42,000.
DYOR before trading and investing!
Welcome to my Bitcoin TA where I go thru just the chart from a high level looking for areas of trading opportunities. The foundation of this whole video comes down to this:
I'm of the opinion Bitcoin will get above 100K.
So I'm doing TA on where to put my entry zones. - 1st Entry hit at 59,872
I'm out of all swings and also looking for swing entry zones.
...
I was bullish on BTC until last Friday before the WAR news broke. It was beautifully making a bullish penant which 70% breaks towards the upside. However, it didn't happen this time and it broke towards downside and confirmed.
Since we now got the confirmation of breaking downwards, I am seeing further downside now. Currently trying to bounce from 0.382 fib...
📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action.
Here we'll take a look at how the previous bullish cycle played out. By following Elliot Wave Theory, we can find a target for a potential...
Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin (15m) (Futures)
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 61778.2
⭕️SL @ 63257.5
🔵TP1 @ 58400.0
🔵TP2 @ 55550.0
🔵TP3 @ 52100.0
What are these signals based on?
Classical Technical Analysis
Price Action
Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger...
ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are...
I have a theory surrounding the 300ema and 300sma, and their crossing. In my charts the 300ema is always in orange and the 300sma is always in green.
In my findings so far, whenever the ema crosses bearish over the sma, there usually is an upcoming opportunity for price to go below these moving averages. In most cases, price will reverse and will correct to the...
Bitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows.
As shown in the chart, we're in a bullish parallel channel, and I...
In my opinion, price on the daily to lower timeframes has become bearish. This feels like the top of the market. People are very hopeful. Once I get my invalidation I am out. Anyways, to get to the point, in my opinion, if support at $63,000 is lost, continuation lower to $37,000 is likely. Below $37,000 I would expect continuation towards the multiyear support at...
Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life.
The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new...
Well. It looks like Batman is poking its head on the RSI.... We have a very clear Head and Shoulders on the RSI....But not actually shown on price action. Predictive Sabers is pressing / punching sell. Liquidity Grab on 1 an 2 hr time frame has also been triggered. Sell signal and short signal have printed on multiple other algos and there is some Bearish...
If you haven't bought BTC in the last retracement area:
Now, I believe we are approaching a Double Top formation, one of the most bearish chart patterns!
I haven't updated in a while. I'd like to remind you this is a market controlled by greedy players with lots of money and control over futures contract. Yes the holy Bitcoin event is coming up, but wouldn't it be a great business idea for players with big money to nuke the price, show that there is demand below, and send the price flying back up? It's the hit 'em...
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin.
Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below...
Looks like history might repeat itself which means a 30%+ pullback from the top is likely.
Be save out there anything can happen in cryptoland!
This would leave altcoins rekt.
NFA
The cryptocurrency trend was sharply negative over the past 24 hours, as the latest US macro data signal further reasons to delay the long-awaited rate cuts. After reaching another all-time high (ATH) on Thursday, Bitcoin fell below the $68,000 threshold for the first time since March 8.
Investor sentiment dipped on the news, dragging down both stocks and...
COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and...
Based on technical analysis and the application of Fibonacci slope/angle techniques, Bitcoin appears to have reached a temporary peak at $70,000. The Fibonacci sequence, a set of numbers where each number is the sum of the two preceding ones, is often applied in trading to identify potential support and resistance levels, as well as trend reversals. When...
