📈BTCUSD BUY SETUP (SMC)We have successful reaction to Bullish orderblock before break of Structure. A 4hr fvg and a high of week as target. GoodluckLongby ZIPHO671
One more dump before 🚀 ?It is very possible that it will go to 56K-53K to trap buyers at the current price and there will be panic selling.Shortby NetScript2
WEEKLY UPDATE ON BITCOINbtc price is moving towards a strong resistance level around 72kLongby Udeaghajr1
check the trend As long as the price does not stabilize above the resistance range and the resistance trend line, it is expected that the continuation of the corrective trend will be formed according to the specified path. Otherwise, it will be possible to continue the upward trend up to the indicated resistance levelsby STPFOREX1
A few points that I often repeat to myself to sober myself upEveryone has noticed that after a profitable position, emotions of joy pass quickly than in a situation with a loss. Mostly we all know the instruments, we all use same tools, we can watch,read million sources about trading. So why less than 3% profitable on a distance? ⌛️Psychology A few points that I often repeat to myself to sober myself up - Your expectations, your problems! Just because it seemed to you that the price should have gone in your direction, does not mean that the market is against you! I understand that there will ALWAYS be losses! Therefore, I came to terms with this fact and simply treat trading as a job! If you open any other offline business, you will have costs and expenses, losses! It's the same story with trade! - I conducted a survey and see that the majority are trading from liquidation! I try to balance with 1% trades! Of course 0.5 is better. Plus you need to determine the amount of loss you can afford per day! It is best to stop at 2 unprofitable trades per day! Then you just want to win back again and again! - Pauses! You definitely need to take breaks! The number of trades absolutely does not determine success! Although I used to think that if I don’t trade today it means I’m not working! Not really, quality is more important than quantity. - Probably the most important thing is that victories or defeats in the market cannot and should not in any way affect my attitude towards life in general, my family, my health! It's just a job in which there is no limit to learning! --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"! Educationby Crypto4light2
Historical Bitcoin Monthly candle Colours - MAY - JUNE and beyod So, as we come tot he close of MAY 2024, short of a Catastrophe today, MAY will close Green for the 7th time in Bitcoin History, bringing the score to 7 Green - 6 Red for May The Current score for June is 7 Green - 5 Red On 4 occasions, we have had a Green June after a Green May, so odds are higher we will see a Green June, though is os NOT a guarantee.. However, Only on 3 occasions have we seen a Green July after a Green June. PA has never had a Green Red Green before June. I.e. Green March, Red April, Green May But in 2018 , we had a Red Green Red. i.e Red March, Green April, Red May and we followed with a Red June......This was After the 2017 ATH and the overall PA declined for a further 8 months, though there were small green candles in that time. The candles are dependant on Bull / Bear Market and I encourage you to look into this. IF we are in a BULL market now, we may continue the opposite of what happened in 2018 ? Only time will tell by Orriginal1
BTC zones of interestIf the bull mood weakens with an incursion towards the first green rectangle as correction, and a proposed attempt of a bull wave fails to break the second blue rectangle, I am considering the bears won't be able to push this as low as the previous low around 56400. With that in my mind my favorite zone of interest for a potential reversal and the triggering of another push above would be the red zone. Don't think this could provide a more detailed setup like a double bottom or other formations, could be just a simple turnaround and shift in momentum, but would require confirmation for continuation after a potential pivot in direction. Other scenarios would be a stop and a break of the blue rectangle, but in both scenarios I don't know if there will be enough power to break the 73700. Maybe stop bellow and consolidate a bit, but either way, the overall picture looks solid enough to assume that for the next weeks BTC will have what it takes to stay clear of the previous low that started the current bullish attempt. All 3 rectangle zones are proposed potential support/resistance zones. by nenUpdated 4
btc supportThe point seen in the image They show strong and important support in higher time frames Open trigger On the support levels if confirmed by Kendall and capital management. W.Aby aliasghar_bzi1
Bitcoin 300% more.Bitcoin bull markets have historically seen significant price increases, but the percentage gain can vary widely between different bull markets. Here’s a summary of the percentage increases during major Bitcoin bull markets: 1. **2011 Bull Market**: - Start: Around $0.30 (January 2011) - Peak: Around $32 (June 2011) - Percentage Increase: Approximately 10,500% 2. **2013 Bull Market**: - Start: Around $13 (January 2013) - Peak: Around $1,100 (December 2013) - Percentage Increase: Approximately 8,300% 3. **2017 Bull Market**: - Start: Around $1,000 (January 2017) - Peak: Around $20,000 (December 2017) - Percentage Increase: Approximately 1,900% 4. **2020-2021 Bull Market**: - Start: Around $10,000 (October 2020) - Peak: Around $64,000 (April 2021) - Percentage Increase: Approximately 540% ### Average Percentage Increase To find the average percentage increase of these bull markets, we can calculate the mean of the individual percentage increases. \ Let's compute that: \ So, the average percentage increase during Bitcoin bull markets is approximately **5,310%**. Note that this is a rough average and the actual performance in future bull markets can vary significantly due to a wide range of factors including market maturity, regulatory changes, macroeconomic conditions, and technological developments.Longby TrojanBible1
BITCOIN @ $74k IS STRONG BULLISH POTENTIAL BY FIB.The charts provided show the Bitcoin (BTC) price movement on different timeframes: 1-week (1W), 3-day (3D), and 1-day (1D). These charts are often used in technical analysis to understand price trends and potential future movements. Here’s a breakdown of the pullback and potential price targets based on the charts: 1-Week (1W) Chart Price Levels and Fibonacci Retracement: The recent pullback brought the price to the 0.5 Fibonacci retracement level around $56,283.08. This level acted as a strong support and the price has rebounded from here. Potential Targets: The primary target is around $74,065.17 (the previous high). The Fibonacci extension suggests potential targets at $83,667.49 (0.27 extension) and $96,043.82 (0.618 extension). 3-Day (3D) Chart Price Levels and Fibonacci Retracement: Similar to the 1W chart, the pullback reached the 0.5 Fibonacci level around $56,255.55. The 0.382 Fibonacci retracement level at $60,445.62 has been broken to the upside. Potential Targets: The immediate target is $74,010.10 (previous high). The next target is $83,597.56 (0.27 extension) and then $95,954.72 (0.618 extension). 1-Day (1D) Chart Price Levels and Fibonacci Retracement: The 0.5 Fibonacci level around $56,258.33 was a key support during the pullback. The price has broken above the 0.382 Fibonacci level at $60,449.06. Potential Targets: Immediate resistance and target is around $74,015.66 (previous high). Subsequent targets are $83,604.62 (0.27 extension) and higher at $95,963.34 (0.618 extension). General Analysis Pullback and Support: Bitcoin experienced a pullback to the 0.5 Fibonacci retracement level, indicating this as a strong support zone. Rebound and Momentum: The rebound from this level suggests bullish momentum, with price targets converging around the $74,000 mark (previous highs) as the first significant resistance. Extensions and Projections: The Fibonacci extensions across the charts point to potential future targets in the $83,600-$96,000 range, suggesting strong bullish potential if the price can maintain its upward trajectory.Longby PHREDX2
BTC nears all-time highsBitcoin exploded past $71,000 and, in the process, broke above the upper bound of the descending channel. This price action was accompanied by a rise in RSI, Stochastic, and MACD on the daily chart, all of which are bullish signs. However, with a recent slowdown in Bitcoin ETF inflows, it is in question how much upside potential is left before Bitcoin starts giving up some of the gains. Therefore, much attention will be paid to Bitcoin’s ability to stay above the channel’s upper bound. If Bitcoin closes above the channel for multiple consecutive days, it will bolster a bullish case in the short term. Conversely, a failure will be slightly concerning. Besides technicals, the performance of the U.S. stock market, particularly the tech sector, also remains a significant factor due to its high correlation with the cryptocurrency market. If the stock market begins forming a double top, Bitcoin will be negatively affected. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) shows a bullish breakout above the upper bound of the descending channel. Illustration 1.02 The chart illustrates the daily MACD and its successful breakout into the bullish zone. Illustration 1.03 The illustration above displays simple support and resistance levels derived from peaks and troughs. Bitcoin addresses Since our last update, the number of Bitcoin addresses with balances exceeding 1,000 BTC has continued to tick higher. The same applies to the addresses with holdings exceeding 100 BTC. These are positive signs, but the rate of increase is negligible. Technical conditions Daily time frame = Bullish Weekly time frame = Bullish 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 2211
BTC Testing its limitsLook for Bitcoin to range for a day or so under the all time high. Followed by a breakout, retest (as support now) then off we go towards 90k. Why 90k you ask? Because that's the upward momentum pulled from the current bull flag pattern that BTC is printing. There are two estimates; A more conservative 90k that is almost inevitable if the bull flag breaks to the upside. As well as 112k based on the length of the "pole" in the bull flag. That said, we are human and we like nice round numbers. What do you think the odds are of BTC hitting 100k if we hit 90k? I'd say better than fair and most likely a sight better than that! Now you can't mention 100k without mentioning losses. People are going to sell at 100k because that's what we're built to do, take those all too tempting round numbers with those Wallstreet bets ape like gains and try and beat your fellow ape to the cashier's table. So caution here, if you're a short term hodlr it's going to get rocky around 100k. If you're a long term hodlr you've no fear. Sit back and enjoy the ride. Longby MrInvertigoUpdated 2
BTCUSD, Price in a supply region- Market bears to take controlBTCUSD started an upward trend since 1st May from $56,542 to a last week's high of $71,940. BTCUSD price is hovering around a supply region and the bears are warming up to take control at the resistance level of $70,000. My bias is bearish. Resistance $71,198 - $70,400 Support: $64,595Shortby AbeikuGlobal_FX112
BTC $ 255 000 this BULL RUN?Hello, everyone!💥 Today, let's talk about Bitcoin and its prospects for the coming years. What should we expect? Let's compare the two previous bull runs. To start with, every four years, the reward for Bitcoin miners decreases, a phenomenon known as halving. Why is everyone so waiting for halving? Well, when the next halving occurs, miners receive half the rewards, reducing the speed of new Bitcoin mining and consequently lowering its inflation rate (devaluation). No one knows for sure what will happen next time, but it's worth making predictions based on the history of previous years. Especially since it's very transparent and repeats itself time and time again. Let's take a look at the chart I've prepared for You.🧐 On the chart, I've marked two wedges, which I've colored white. The blue arrows indicate the regularity of three-year cycles. This is the time it takes for these channels to form and the regular way they break out. After the breakout, the growth percentage is approximately the same ~550%.🚀 Assuming that the breakout occurred last year, from the $40,000 mark (the price has already corrected as it has done every time before - orange circles), and the growth will be like previous times, theoretically, the price in this bull run could reach the $255,000 mark.😱 🧐Do you believe in such growth? Are you concerned about the situation in the world? Share your thoughts in the comments. 💡I also wanted to share my previous chart with you. Perhaps you'll find it interesting. Thanks for Your attention! Always sincere with You, Your Kateryna🫶 Longby RocketBombUpdated 333359
BTCUSDAfter this bull run that I marked ends, the big crash to 39k begins This means there's no bull run in the cryptocurrency market this year. The bull run begins next yearLongby SkymForex1
PHASE 4 MONSTER BULL possibilities BTC must closes above FIB resistance within this 1 MO TF, if so, this next 1 MO TF CANDLESTICK will start above resistance and must stay closed above resistance. If all this happens, welcome to PHASE 4 MONSTER BULL RUN. Longby The_ForexX_MindsetUpdated 4
Bitcoin Rebounds To 65K As Correction May Be OverBitcoin rebounds strongly to 65k area, which can be signal that correction may be over from technical perspective and by Elliott wave theory. We have been talking a lot about a corrective decline in the Crypto market in the past weeks. We also talked about Bitcoin ahead of the halving and we also shared a free chart back on April 15th, where we mentioned and highlighted a higher degree wave 4 correction within ongoing bullish cycle. As you can see today, after a slightly deeper corrective decline, Bitcoin is bouncing strongly which indicates that wave 4 correction may be over at the ideal 38,2% Fibo. retracement near 56k support. So, be aware of a bullish continuation within wave 5 of III that can send the price back to all-time highs towards 75k-80k area, just watch out on short-term pullbacks. Longby ew-forecastUpdated 7
Bitcoin Trading: Utilizing Fibonacci Levels for Long EntryTrading Plan: Long Position Entry..! 1. Market Situation: - Currently heading towards the 1w +fvg (insert specific market or asset). - Anticipating a price action to reach the 4h fvg (four-hour Fibonacci retracement level). 2. Expected Scenario: - Anticipating a potential rejection at the 4h fvg level. 3. Response Strategy: - If the expected rejection occurs, I'll be vigilant for the formation of a 4h +fvg (four-hour Fibonacci retracement level) as a sign of potential reversal. 4. Entry Criteria: - Upon confirmation of the 4h +fvg formation after the rejection at the 4h fvg level, I will consider entering a long position. 5. Risk Management: - Stop-loss will be placed below the recent swing low or a predetermined support level to limit potential losses. - Position sizing will be determined based on risk tolerance and account size. 6. Monitoring: - Continuously monitor price action and reassess the trade thesis based on new developments in the market. 7. Exit Strategy: - Take-profit levels will be set based on key resistance levels or profit targets derived from technical analysis. Conclusion: This plan outlines the steps to capitalize on the anticipated price movement, emphasizing risk management and trade execution based on technical analysis signals. --- if you like this idea please support my work thanks..Longby MrCharlie1Updated 111166
BTCUSD be extra cautious For the past 2 posts, I have warned everyone to be cautious, chartwise look very bullish but many indicators are showing a reversal back down, so its 50-50% chance. Especially when I look at the 3-week chart, wave trend oscillators warning is very accurate for the past 4 cycles, wave trend in 3-week chart is showing some hints that it wanted to cross down. Normally these 3 weeks chart wave trend oscillator cross down will be about 30 to 50%. Of course, I am also in fomo bullish mode on some of the altcoins, so what I do is, I spend just 15% of my cash on spot altcoins and then 80% of stablecoins in staked for 3 months. No matter how bullish on the look of the price action or chat, I will still respect some of the best and most accurate indicators that can predict the top and bottom. Be cautious guy, I also plan to short the market with very low leverage as a bet after 3 weekly candle closes on Monday. cheers! Don't be greedy and always have a backup plan. by Skyito5
BTCUSD 6 weeks chartYea! every market when its approaching to top, many youtubers will trying to hype you with all the daily timeframe. OMG! the last chance to buy BTC. BTC halving will make BTC go parabolic. You want to listen to them or respect the chart. I don't need to elaborate for this chart. Just use our common sense and simply look at stoch rsi in 6 week chart. What happen when stoch rsi value hit 100 and bearish cross down? Of course, anything is possible, maybe price can go to 80k if lucky creating another bearish divergence in 1 week timeframe but looking at this 6 weekly chart, do you want to risk yourself buying the market top? Remember, smart money is always patient and smart money know when to take profit. So don't be hyped and respect the chart, there is no such thing as you missed the boat in any market. Don't let YouTubers fool you. by SkyitoUpdated 6
Trade identification: Using bitcoin as an exampleHello, Trade identification is the process through which you are able to identify setups that can be actioned on in the markets. For this example, I shall be using the BTCUSD chart to chant my path as I look for tradeable setups. 1: Structure drawing Identifying the structure of trades is very key since it creates a sense of knowing where the market is at from a greater point of view. The structure on a 2 weeks chart shows that the crypto is at the top of the chart. This shows that it might not be a good time to buy since it is advisable to buy at the bottom and sell at the top. However, we can always look for smaller trades using lower timeframes and get better setups. 2: Move to lower time frames & identify patterns. Patterns are very key in helping you identify tradeable assets. For my asset I moved to the 6h timeframe to zone in and identify tradeable opportunities. This helped me identify the Expanding triangle setup on a bigger scale. This is a sideways move that will help me trade on the asset for the short term. In the expanding triangle I was able to identify other smaller correction patterns that guide me on how the market is moving. 3: Entry identification After you have determined where you are at in the eco cycle, very key is now to identify the next causes of action. You must never trade at the top (buying overpriced assets). Very important is to always note that there will always be more opportunities in the future and never to chase trades that have already gone. The ideal situation is to look for corrections as entry points and buy/sell with them. Next now will be to look for areas where you can enter on an even lower timeframe. The chart shows that a correction is happening on a lower timeframe (1hour). Now have an alert at the bottom of the correction also coupled with indicators. Thats the entry point of the trade. 4: Target setting The exit target shall be set using the 6 hour chart and will be at the top. A stop loss will be just behind the trendline as shown below. This is very key for risk management. Now wait for the price to come close to your entry points and good luck. We shall follow this trade to end. Editors' picksEducationby thesharkkeUpdated 2828 1.9K
BTC Potential Long Entry OpportunityBTC price was back to above 60K, it's above the support, I think the price now is a great time to entry long position! Longby Zak-Updated 224