BTCUSDThis Weekly FORECAST Opportunity for BTCUSD. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN0
Short BitcoinBitcoin failed to break above the resistance area at 70-72k area and is currently in a descending channel with a possible target to the lower channel and the major support demand zone at area 50-52K.Shortby WaelHaz1
BTC/USD Under Pressure After Failing to Test April HighBTC/USD trades to a fresh monthly low ($66561) following the failed attempt to test the April high ($72727). BTC/USD Outlook BTC/USD fails to defend the opening range for June as it extends the decline from last week, with a break/close below the $62780 (100% Fibonacci extension) to $64850 (23.6% Fibonacci extension) region raising the scope for a move towards $57590 (78.6% Fibonacci extension). Next area of interest comes in around the May low ($56,525), but BTC/USD may face range bound conditions amid the flattening slope in the 50-Day SMA ($65954), with a move above $70000 (38.2% Fibonacci extension) bringing the April high ($72727) back on the radar. --- Written by David Song, Strategist at FOREX.com by FOREXcom0
Short Bitcoin on Wave X Pullback Bitcoin appears to be forming a combination with one zigzag already complete. There exists a good shorting opportunity with the wave X pullback. Shortby epistemophiliac1
Cup and handle BTC USDwe can see a pattern that confirms a positive healthy grow trend which is known as cup and handle. Longby Wallstwizard100
BitcoinSeems we completed this correction phase with the Weekly oversold at the bottom. Looking for the cloud recovery to hold as we impulse higher. Prevailingnine 5/25/23Longby RaindropasUpdated 220
BTC to retest support at 67kAfter the completion of the 5th EW and then the immediate dump off of 72k resistance, I expect the pattern to continue and complete the final c off of 67k support. If it breaks this support I expect it to fall back down to the next support of 65k with a strong bounceby bwb100Updated 0
LONG Bitcoin during RED days always!Morning lads, Figured I'd share my view on BTC for the following weeks. There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k. But Im gonna keep that in mind and hope we move up! This trade would help alts tremendously as well.. Trade thirsty, my friends..Longby mr_willmedinaUpdated 3
BTC POST HALVING History doesn't repeat itself, but it often rhymes... We're now in the post-halving part of the Bullrun, and we can look back into Bitcoins history to help predict what might happen next. Typically A bull cycle lasts 1065 days from the low to the high with the halving event in the middle. If we use that same timeframe and apply it to this Bullrun we can expect the peak for BTC to come in early October of 2025. Now we know that once BTC has had it's top, altcoins regain some of the market dominance in an "Alt season" which is often a manic period of profits from BTC being poured into increasingly risky projects until the whole thing comes crumbling down, which then leads too... The bear market which historically lasts for a full year from top to bottom. The bear market comes when most people least expect it as they are so used to price going up, complacency and greed can cost you all of the gains made in the last 3+ years. It's also important to note that BTC routinely goes through 25-30% corrections on the way up, and this is where many fall down. Knowing the difference between a correction and a top is the difference between making it and roundtripping everything. Have an exit strategy, take profit at key areas, don't let greed win. The Fibonacci levels can be very useful when a project goes into price discovery as well as big even levels, your 100, 150, 200's etc. When Fib levels line up with these big evens you can expect resistance and therefor look to protect your capital. Bitcoin is very close to a breakout from the '21 ATH level, we've been above SWB:69K before but swing failed to hit $56K, I am still a little worried about the GETTEX:52K +VE Orderblock as shown in green, it would make sense to revisit that area at some point however it does depend on this current SWB:69K S/R level. by ProR35Updated 2
probably nothing...Short time ! Je pense que nous sommes en train d'aller vers les 54000$ avant de repartir à la longue hausse !Shortby min8t0
BTCBTC and potencial Bearish Retracement into D Discount / W FVG from there price can react and make All Time Highby andy4444_0
BTC 4 hr shortPotential head and shoulders forming. 618 retracement as a target and measured move.Short08:47by CryptoShabs0
BTC near term downsideI expect CRYPTOCAP:BTC to touch $68,300 before resuming uptrend and retesting $73K.by monsterelfUpdated 0
BTC Higher lows on daily, shown on 1 h timeframe, showing demandThis demand is happening close to the resistance of this 3 months consolidation. It might be the last pullback we need before enough demand pushes us through the resistance and up to the next consolidation flag, which might be around 80 - 100k. Get ready as soon as we cross 72,000 $ with good volum. See you at 80 - 100k $ :) in a week ++Longby naturex1Updated 3
BTC forecast for JulyMost likely, a weak downward movement will continue to the border of the formed flag/wedge. And it makes sense to buy at its lower limit. If before this time its upper limit of 72-74 is broken, of course you can also buy BTCLongby strongJaguar350780
Trade #19 LongLong at 66,700 targeting 75.0 for a 2:1 risk-reward with a 6% stop-lossby Theta-DigitalUpdated 1
Jun.4-Jun.10(BTC)Weekly market recapEmployment data was released last Friday. Although the unemployment rate rose to 4%, the number of NFP exceeded expectations, reaching 272,000. The data performed average, but due to market expectations were too high, there was a correction after the data was released. Not only in crypto, gold has also seen a obvious correction. The market currently predicts that the number of interest rate cuts in 2024 will be reduced to two times, in September and December. The CPI and FOMC for May will be announced on Wednesday and Thursday this week. We believe this will determine the medium-term trend. Regardless, we are heading towards a rate cut. BTC is as we predicted last time, after rising and falling. It is slightly lower than last week’s price. Although the price has corrected, there has been no continuous decline for the time being. Trading volume is low. From the WTA indicator, after the last analysis released, a small number of blue columns representing whales appeared, but they quickly disappeared. The ME indicator continues to maintain a bullish trend. To sum up, we believe that the volatility of BTC will increase this week and continue to fluctuate, with the probability of rising higher than falling. We maintain our original resistance level 74000 and support level 61000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.by Sypool0
Long Position on Bitcoin (BTC/USD)The recent price action shows a consolidation phase following a sharp decline, suggesting a potential reversal opportunity. Given the historical support and resistance levels, a bullish trading setup can be considered. Trade Setup: Entry Point: $67,524 Target Price: $69,590 Stop Loss: $66,529 Risk/Reward Ratio: 2.23 Technical Analysis: Support Level: The price has shown support around $66,529, making it a logical place to set the stop loss. Resistance Level: The target price of $69,590 corresponds to a previous resistance level, indicating potential profit-taking. Candlestick Patterns: The recent candlestick pattern indicates a potential bottom formation after a significant drop, suggesting a bullish reversal might be imminent.Longby amirkhonov2
Bitcoin not due yet to go into full degen bull market modeIf history repeats itself - and so far history has repeated itself for Bitcoin every 4 years, we have not seen the true face of the Bitcoin bull market yet. Let's have a closer look at where and when things could really go ballistic to the upside by analysing its so-called logarithmic regression: You will see 3 different areas of importance on this chart: 1. A purple line showing the current "fair" price of Bitcoin according to the regression 2. A green channel marking the price area where Bitcoin should spend most of its time 3. A red channel marking the projected blow off tops for each bull run The pattern we usually see is that after a top somewhere within the red channel Bitcoin eventually falls back to the green channel (and sometimes below it) to then settle roughly around the purple line at the time of the halvings. What do these findings tell us about the current state of the bull market? Let's look at the price behaviour after the halving of 2016 and 2020.... It took Bitcoin around 300 days after the 2016 halving and 220 days after the 2020 halving to finally breach the green channel to the upside and go into, what I call, full degen frenzy bull market mode. This is the area between the green and red channel, where prices go ballistic and influencers on social media will talk about the how everything will be different this time and how everything is only going up from now on. As you can see Bitcoin currently is still quite far away from leaving the green channel to the upside. In fact if it would go into full frenzy bull market mode right now we would need to see prices well above 90,000 USD. If history repeats itself again and we can expect the price to leave the green channel to the north sometime 220 to 300 days after the halving. That would be sometime between November 2024 and February 2025 - the top of the green channel will then be around 100,000 USD. Price will then probably rise rather quickly to the red channel again where it will eventually top out and, once again, enter a bear market. Top prices should be somewhere between 200,000 USD and 300,000 USD in 2025. It is then time to get out of the market and go into hibernation once again to come back once the lower green band of the logarithmic regression is reached. The good news is....with prices currently around 67,500 USD there is still plenty of money to earn even until reaching the phase where the price of Bitcoin will really go ballistic. The bad news is... most people will be left behind and will probably fomo into Bitcoin (or the worse alternative: Altcoins) at prices between 150,000 USD and 200,000 USD. This, of course, is just my own opinion and no financial advise!Longby CryptoForMoney0
June 10 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is no Nasdaq index release today. Beat is after touching the support/resistance line on the 3-hour chart. It's going sideways. This week's CPI and US interest rate announcements seem to be a very important period. Based on Nasdaq's upward-sloping protection Based on tether dominance We competed in the 1+4 rebound section. *Sky blue finger movement path Two-way neutral Short -> Long switching strategy 1. Short position entry area of $69710.5 / Stop loss when the orange resistance line is broken 2. Long position switching at $69328.5 / Stop loss when the green support line breaks away 3. $70461.5 long position primary target -> Top secondary target In short->long switching The cost-effectiveness is not very good. I created a strategy based on intermediate waves. If the adjustment is strong at 69.7K at the top, Section 1 at the bottom (sideways to the right) -> can be pushed to the bottom. please note. Also, for those who are currently entering a long position, Breaking out of the green support line can be dangerous. You must keep your stop loss. After reaching the first target Once the orange resistance line is broken, you can shoot straight upward. Watch me. There is a high possibility of sideways movement, and Nasdaq variables may appear. I hope you operate safely with stop loss required + principled trading. thank youby BitCoinGuideUpdated 8
Volume is back ... BTC heading toward 67k supoort Volume on BTC has finally returned. Heading into FOMC on Wed, will we see a bounce off of 67k, or will we test lower ... RSI on the 4hr is tapping 30. On the daily its pushing below 50. Heat maps suggest a liquidation cascade below 67k. Bulls will need to wake up soon and put up a serious fight in order to retest the 72k level. As the saying goes, this will be the most important CPI and FOMC of our lives, until the next oneby bwb1000
Bitcoin facing a dangerous rejection- follow up analysis on this: - looking pretty clear that I was wrong and Bitcoin is not ready to move to the upside - with another rejection at the 72k level however odds of a substantial reversal have increased heavily - clear trend present for the last 2 months: Mondays have either been the low (green) or, more commonly, the high of the week (meaning price did not trade above the Monday high for the rest of the week) - we got another high of the week print yesterdayby Mansasuma0
RIP listen to youtuber lolWill BTC go 100k? for sure, it could but looking at all the charts do you want to take the risk? You have missed the boat, it is alright. They are taking profit and you are buying the top. What if you missed the boat? Why do you bother? Money will go from the patient hand to the impatient hand. Why can't you just wait till indicators long-term are showing oversold? Do you know what I am doing right now? Buy some good projects that are undervalued and it drop about 80 to 90% and stake it. ( Remember only risk 20% ) And staked your stable coin to earn APR. When indicators weekly and monthly show oversold, this is the time you need to start deploying your 80% cash. That time BTC bottom may be 100k or 150k, you don't have to bother coz you just need to respect the charts and indicators and you know that you don't buy the top. Don't FOMO in. Imagine you staked a stable coin and earned 5% APR. By the time, indicators show a market bottom, you have a large some of cash to deploy. Anyway, your money your decision. hahahby Skyito1