BitcoinUsd Possible head & shoulder pattern in h4 Head and shoulder pattern on the way of confirmation, stay tuned to see what will happen, bit coin need a massive correction to go up again, I'm not going to buy at least now....!!!!Shortby hermya1
Detailed Technical Analysis of BTC/USD - 4H Chart MAY 2024Analysis Summary This comprehensive technical analysis of BTC/USD on the 4-hour chart provides an in-depth perspective based on GF1 LAB’s knowledge and methodologies. The chart reveals a symmetrical triangle pattern, a consolidation figure that could indicate a potential trend reversal. The time x price action is crucial for the market maker to validate the breakout of this figure. Detailed Analysis 1. Start of Analysis: • The analysis was initiated on September 26, 2023. • Identification of the control point and the main support and resistance zones to contextualize the price action. 2. Formation and Significance of the Symmetrical Triangle: • The symmetrical triangle, marked on the chart, represents a consolidation phase. • This pattern typically suggests a bearish reversal, indicating market uncertainty. 3. Time x Price Action: • The time x price action is essential to validate the breakout of the triangle. • Currently, the price has broken upwards, which is significant as it breaks the expectation of a bearish reversal. 4. Respecting the Formed Wedge: • The upward breakout respects the wedge formation, strengthening the validity of this movement. • Continuous observation is necessary to ensure the wedge continues to be respected. 5. Retest of the Breakout Zone: • After the breakout, retesting the zone is crucial to confirm validity. • A successful retest reinforces confidence in a sustained upward movement. 6. Previous Fakeouts: • Historically, there have been fakeouts, which are deceptive movements above or below critical levels. • These fakeouts were considered to better understand the current price behavior. 7. Support and Control Zones: • The real support zone and the old range lower zone were clearly identified. • These zones act as critical levels where the price may find significant support or resistance. 8. Projected Targets: • Final Target: The final target projection is around 66,734, representing a 96.65% increase. • Expected Bull Market Target: The expected target for the bull market points to a projected target of 67,344, with a 49.67% increase. • Intermediate Projection: Another projected target is around 62,126 (13.50% increase). 9. Wedge Patterns and Market Behavior: • Ascending and descending wedge patterns were identified, indicating potential reversal points. • Analyzing these patterns helps to predict future movements with greater accuracy. 10. Final Observations: • It is essential to pay attention to price behavior concerning the projected levels and support and resistance zones. • Consistency and validation of breakouts will be critical for informed decision-making. • If the breakout is validated, considering purchases from the indicated levels might be a prudent strategy. Conclusion This detailed analysis, grounded in GF1 LAB methodologies, emphasizes the importance of time x price action to validate breakouts on the BTC/USD chart. By closely observing retests of breakout zones and adjusting strategies as necessary, one can effectively navigate market movements, especially during consolidation periods and symmetrical triangle patterns. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and it is essential to conduct your research and consult with a qualified financial advisor before making any trading decisions.by GARIENF12
Bitcoin Hourly AnalysisBullish Pattern, Its been side ways for last two months, Keep you eye on the UMVD as we approach the highs Longby SnowflakeTrader1
BTC/USD Appears Poised for Further Outperformance It was another positive week for BTC/USD, which was up +1.9% as of London’s close on Friday despite finishing considerably off its best levels. Price movement on the weekly timeframe has been working between the limits of a potential bullish flag pattern since forming the all-time high of $73,845 in March. Even though the unit faded the upper edge of the aforementioned pattern last week, the daily timeframe suggests there is scope to navigate higher terrain. All-Time Highs in Reach The Research Team recently communicated that BTC/USD bulls had made a comeback since forming a low of $56,478 and completed a daily inverted head and shoulders pattern (left shoulder: $59,559; head: $56,478; right shoulder: $60,165). The advance sent the unit through the pattern’s neckline, a descending line extended from the high of $67,273, and permitted traders to pencil in the pattern’s profit objective – taken from the value between the head and the neckline and extended from the breakout point – which shares chart space with the all-time high of $73,845 at $73,756. Bolstering the possibility of challenging all-time highs this week, the Relative Strength Index (RSI) rebounded from trendline support (taken from the low of 23.71) on the weekly chart and the daily chart’s RSI is treading water ahead of trendline support, extended from the low of 35.47. The RSI also remains above the 50.00 centreline on both charts (positive momentum). Direction This Week? A daily decision point area at $64,612-$66,484 held ground in the second half of last week, and price has room to move higher this week towards the all-time highs/inverted head and shoulders take-profit objective at around $73,840ish. This, of course, also highlights a possible breakout above the weekly chart’s bullish flag pattern structure. Longby FPMarkets1
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.by SaeedSalehiniaUpdated 4422
BTCUSD 1DBTC ~ 1D Updated #BTC It seems #Bitcoin Retesting the Support Line in this pattern. Bulls still dominate as long as the price remains above this pattern.Longby CryptoNuclear1
Full moon dump of $BTC before $ETH ETF Approval?#bitcoin #btc took support from daily ichimoku cloud after the classic dump before SEC approval.This zone may play out as a good support zone till the #ethereum ETF approval is declared. Declaretion will determine the deeper dump or pump to 70 - 74K region. 1.5 hour left. Good luck for hodlers and margin gamblers. Not financial advice.by naphyse1
book study : Volume Profile by Trader Dale ( SL placement ) p age 119 from the book Volume Profile : The Insider's Guide to Trading by Trader Dale steps : 1. identify volume clusters & VP POC 2. entry on BO from base / VP POC stop loss options : a. volume based SL : at lowest end of volume clusters b.confluence of support c.150% / Catastrophic SL : about 50% lower than the width of EP to initial SL ( 100% + 50% ) Longby qidran1
Corrections & pumps in BTC to dateWe just completed a third market correction in BTC for this bull cycle. Seems it's the new norm. Used to have 30-40% corrections before the ETFs launched. Now we're lucky to get even 22%, but that's fine. A short-term dip can present the buy opportunity that many need right now, those who were sitting on the fence, hoping for a drop to the 50k region. They better get greedy soon. Longby busyjordy121
BTCUSD LONG POSITION SETUP UPDATEPrice accumulated, manipulated and is distributing successfully. Congratulations to those who took trades.Longby ZIPHO671
BTCUSDBitcoin is in a major supply and demand zone. In the other words, the ceiling of the bearish channel. I think it's better to seek short trading opportunities on the BTCUSD pair. And if you want to make a long trade on BTCUSD, you have to wait until it breaks the $66,500 level. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.Shortby NsnjrglBil2
BTCUSD Looking Bearish After recently using Replay and trading Wycoff Patterns this jumps out as a Return to Blue Bar to the Left. We have had Break of Structure FVG is Bearish Lets See : )Shortby NZ_Shareman2
BTCUSD (Bitcoin)Big players still hold bitcoin but already price is so higher I’m waiting for again price will drop Demand Area 52,000 49,000by Kashif_chaudhary1
BTC / SP500 Correlation 👀The stock market updates to the maximum(#ATH), Will Bitcoin do it? The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity. 📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth. 💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).Longby FeelsStrategy2
#Bitcoin - What's Next? The big Sunday report: all you need to #Bitcoin - What's Next? The big Sunday report: all you need to know: 🚩TA/LCA/Psychological Analysis: To avoid repeating myself and stating what has been said countless times, such as buying at 16k being a good opportunity (the same opportunity that the market presented a few weeks ago at 58-59k, but only a few listened and bought when the best time arrived to accumulate more during the latest dip). Now, Bitcoin is moving sideways between the 67-70k region, and sooner or later, market makers will decide when to send Bitcoin into the absolute super cycle by letting it break through 74k and higher. The market is super healthy, in my opinion, and there is room for much more in the coming weeks, despite fear and greed is high. For now, I would watch the MA100 daily region as strong support and a possible region to add more for those who missed out on buying at the latest discount. There is no reason to give you targets of 50k or even lower, as many clowns on Twitter have done over the last few weeks. While clowns and retail investors have been selling, we have seen one of the most powerful ETF inflows in the last week. Whales have been accumulating with aggressive strength, leaving retail investors behind and allowing them to buy higher once again. This accumulation by whales and big players in the region of 68k tells me one thing: we are building a strong support near the 68k region for the next few years, pointing out that the previous bull market top was also located in the region of 68k. The next big moves would be large pumps above the target of 70k, sending Bitcoin to targets between 84-86k in a matter of a few weeks after breaking out! Overall, Bitcoin is still moving sideways within a large range. A breakout from this range is imminent and closer than many people think. Longby CryptoSkullSignal1
BTC Long PositionBTC has currently been following Dow Theory as successive HH,HL are being formed. My opinion is to take a long position if today's candle closes above yesterday's candle (69289.67) My trade plan is visible in the chart. 2 Entries can be taken. 1st: when it closes above 69289.67 price. 2nd: when Resistance 2 is broken (71317.10) Good Luck!!Longby Umair882
BitcoinGod crystal ball predictionLooking for another pullback drive around 66k support and then uptrend drive to ~75kLongby BitcoinGod4201
BTCUSD - LongINDEX:BTCUSD retracing from 1hr support line with bullish engulfing candle after making bullish divergence. Buy with SL and TPs mentionedLongby AtifDhedhi1
book study : Volume Profile by Trader Dale ( P-Profile ) example of P-Profile ( page 58 ) - shaped like letter P - agressive buyers and weak sellers usually occurs in : - uptrend market , or - at possible end to a downtrend significant areas within P-Profile : - VP POC - volume cluster in the thin area of the profile ( acts as support ) reference book : Volume Profile : The Insider's Guide To Trading by Trader DaleLongby qidran1
Btcusd We have a change of structure fee days ago from a down trend to a uptrend in btcusd, we had a beautiful 1 day power candle to de upside whish we milk from it so we wait for price to retrace to de support zone den we go long again Longby Greatvic0011
BITCOIN 107 IDEA**Index: The Future of Bitcoin** 1. **Introduction** - Overview of Bitcoin - The significance of Bitcoin in today's financial landscape 2. **The Origins of Bitcoin** - Brief history - The vision of Satoshi Nakamoto - Early adoption and growth 3. **The Technology Behind Bitcoin** - Blockchain technology - Decentralization and security - Mining and transaction verification 4. **Bitcoin as a Store of Value** - Digital gold - Inflation hedge - Comparisons to traditional assets 5. **Bitcoin in the Global Economy** - Cross-border transactions - Financial inclusion - Bitcoin's role in developing economies 6. **Challenges and Criticisms** - Volatility and market speculation - Regulatory concerns - Environmental impact of mining 7. **Future Innovations and Developments** - Second-layer solutions (e.g., Lightning Network) - Integration with traditional financial systems - Potential for mass adoption 8. **Bitcoin and Financial Sovereignty** - Empowering individuals - Decentralized finance (DeFi) - Privacy and autonomy in transactions 9. **Investment Opportunities** - Bitcoin as an investment asset - Institutional adoption and interest - Long-term growth potential 10. **Conclusion** - The transformative potential of Bitcoin - The ongoing journey towards a decentralized future - Call to action: embracing the opportunities Bitcoin offers --- **Introduction** Ladies and Gentlemen, Today, I stand before you to discuss a topic that has captured the imagination of millions and is set to shape the future of our financial landscape: Bitcoin. As we navigate through the complexities of the modern world, it becomes increasingly clear that Bitcoin is not just a fleeting trend but a revolutionary force that has the potential to redefine our understanding of money, value, and financial freedom. **The Origins of Bitcoin** Bitcoin's journey began with the mysterious figure of Satoshi Nakamoto, who, in 2008, published a whitepaper outlining a new form of electronic cash—one that promised a peer-to-peer system free from the control of any central authority. This was the dawn of a financial revolution. **The Technology Behind Bitcoin** At its core, Bitcoin is built on blockchain technology—a decentralized and secure ledger that records all transactions across a network of computers. This ensures transparency, security, and trust, as no single entity controls the blockchain. The process of mining and transaction verification further strengthens this system, making it resilient against fraud and manipulation. **Bitcoin as a Store of Value** Many now refer to Bitcoin as "digital gold." Like gold, Bitcoin is seen as a hedge against inflation and a store of value that transcends national borders. Unlike traditional fiat currencies, which can be devalued by excessive printing, Bitcoin's supply is capped at 21 million, ensuring its scarcity and long-term value. **Bitcoin in the Global Economy** Bitcoin's impact on the global economy is profound. It facilitates seamless cross-border transactions, offering a lifeline to those in countries with unstable financial systems. By providing access to financial services without the need for traditional banks, Bitcoin promotes financial inclusion and empowers individuals in developing economies. **Challenges and Criticisms** Despite its potential, Bitcoin is not without challenges. Its price volatility has led to market speculation, and regulatory concerns continue to pose obstacles. Additionally, the environmental impact of Bitcoin mining is a critical issue that needs addressing through technological advancements and sustainable practices. **Future Innovations and Developments** The future of Bitcoin is bright, with ongoing innovations like the Lightning Network promising faster and cheaper transactions. As traditional financial systems begin to integrate with Bitcoin, we can expect wider adoption and more robust infrastructure, paving the way for a new era of financial freedom. **Bitcoin and Financial Sovereignty** Bitcoin's decentralized nature empowers individuals by granting them control over their finances. The rise of decentralized finance (DeFi) further amplifies this by offering financial services that operate without intermediaries. This shift towards privacy and autonomy is a powerful testament to Bitcoin's transformative potential. **Investment Opportunities** For investors, Bitcoin represents a unique asset class. Its increasing acceptance by institutional investors underscores its legitimacy and potential for long-term growth. As more businesses and individuals recognize its value, Bitcoin's role in the global financial system will only expand. **Conclusion** In conclusion, Bitcoin stands at the forefront of a financial revolution. Its promise of a decentralized, transparent, and secure financial system offers unprecedented opportunities. As we look to the future, let us embrace the potential of Bitcoin and work together to realize the vision of a more inclusive and equitable financial world. Thank you.Longby TrojanBible1