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
Is it really a Bull Cycle or a Bearish Distribution? BITSTAMP:BTCUSD Whats going on party people, things are getting interesting. Every fund manager reporting their Q1 ETF positions, which was at the ATH of Bitcoin, and they claiming they got 100-300M invested in Bitcoin which is less than 1% of their entire folio. All meme stocks are popping, meme tokens/coins popping too.. Bitcoin itself showing some strength to finally cross over 67k to open potential flood gates to 69 ish (highly unlikely thought) But here is how technical pattern is playing out, Bitcoin was in a Wedge and broke down Mid-late April around Halving time, it was important level of 65000 to break down Since then it has failed repeatedly to stay above 65k, is there anything different this time ? Earnings largely DONE, Inflation cooling a bit or is it seasonal, Feds have been vague but the technical chart is painting a nice picture.. we are at the top end of an ascending triangle... usually there is a breakdown but if it comes as breakout, and failed to sustain, then it will give me even further reasons to "double down" on my shorts. The breakdown will confirm this to be another Bearish wave with targets near 53k around end of May. Do whatever you feel like, but here - I said my reasons to trade the way I tradeShortby wolfewaveUpdated 11
BTC on 9 h vs 1h charts💥Hello, friends! 🩷 Bitcoin is once again hovering and teasing us with its movement. 😏You might think it's stuck just like it was a few months ago, when we anticipated a price drop, but in my view, there are some differences that I'll try to describe in this post.👇 For clarity, I divided our chart into two parts - the left side showing the 9-hour timeframe, and the right side showing the hourly timeframe. 👐On the longer timeframe - the left side - we see that the price has broken out of the triangle upwards. Many of You, seeing a fake breakout from the same triangle before, might rightfully ask,<< could this be another fakeout?>> In my opinion - no, because the price has already consolidated sufficiently above. So, we have a breakout of the triangle. 👐Now, let's move to the chart on the left - the hourly one! There we see our breakout with the price formed in more detail! We can observe impulsive movements and the formation of a short-term channel, looking at which we can expect the price to rise to the 67,500 level. Then, we may either continue forming this channel by lowering the price to 66,100 and then rising again to 67+. I think this will be the accumulation period before the moon flight:)) What do You think?😎Write Your thoughts in the comments. Also, here's my educational post on trading channels, by the way, take a look😘 👇👇👇 Thanks for Your attention💋 Always sincerely Yours, Kateryna💙💛 Longby RocketBombUpdated 2220
BTCUSD - Top IdeaAn idea considering Bitcoin and the current bull run Using previous tops tops to show how the structure is changing over time This is better shown with a curve and normally shown that way but this another example. I think bitcoin will peak before the rest of altcoins and then a massive alt rally will ensue. by Bixley223
Bitcoin will reach 84k in the next 30 daysBitcoin successfully broke to the upside of this triangle and will most definitely hit 84k very soon.Longby HenrikDaCrypto225
3 Tips Can Help You Boost Your Trading Whether we're tinkering with our demo accounts or playing with a few dollars in our live accounts, it's never been far from our minds that our accounts will go big in the future. Unfortunately, many traders struggle with taking the next step and trading larger positions. Some find it difficult to risk losing the small profits they've worked hard for over the last few months, while others simply can't stomach risking larger positions. Taking on more risk has its benefits. But be cautious...!!! While increasing your risk can result in bigger wins, it can also magnify your losses and wipe out your entire account. To help you avoid the pitfalls of big trading, I'm sharing three simple tips for increasing your risk: 📌 1. Be sure that you are in the green zone. Don't even consider increasing your risk if you're not consistently profitable with small trades. If you can't trade small positions successfully, what makes you think you'll be able to trade larger ones? If you believe you are prepared but your account is still in the red, prioritize getting it back into the black. That's why demo and small accounts exist. Continue to trade small positions until your performance justifies trading larger ones. After all, you don't want to compound your losses by taking larger positions. 📌 2. Go slowly and steadily. Just as you wouldn't rush into fighting elite world champions after your first boxing lesson, you shouldn't rush into increasing your trading size. Do you want to bite off more than you can chew? The key to becoming comfortable with taking a larger risk is to gradually increase the size of your positions. If you're not completely comfortable with the level of risk you're taking, it will most likely be reflected in your account balance. Rather than making a big jump, aim for small, steady increases. It will have a less negative impact on your trading mindset and will allow you to adjust to larger risks more smoothly. 📌 3. Pay attention to percentages rather than dollar amounts. I'll reveal a little trading secret that will assist you in adjusting to larger trading sizes: Concentrate on percentages rather than dollar figures. A 1% risk on a $10,000 account is the same as a $100 risk. Risking 1% on a $100,000 account, on the other hand, is equivalent to risking $1,000. You can trade larger by risking the same percentage on a larger account. When you focus on percentages, it also helps to put profits and losses into proper perspective. Losing 1% on a $100,000 account will feel very similar to losing 1% on a $10,000 account. However, when expressed in raw dollar terms ($1,000 versus $100), it is much more difficult to swallow. If you take it slow and steady, and focus on percentages rather than dollar amounts, you should be able to smoothly transition to trading larger trading positions. Above all, don't increase your risk if you're not already consistently profitable trading small. Thanks for Your attention! Always yours Kateryna💙💛 Editors' picksEducationby RocketBombUpdated 2929173
Bitcoin volume and price increase againThe price of Bitcoin as the main currency of the digital currency market has stopped at its annual ceiling, and this stop can be seen as the price change and the entry of new investors and holders. Bitcoin shows an increase again to above 70,000 dollars, in this analysis I put the target at the price of 70,000. The time I consider in this analysis is about two monthsLongby sashacharkhchianUpdated 5
BTC - 4H another fall for nowThese are important zones and trendlines on the BTC chart. Bitcoin is currently within an ascending channel and is moving towards the bottom of this channel. The Liquidation Heatmap chart highlights a significant liquidity zone just below the $65910 level. BTC is likely to target this liquidity, potentially driving the price downward to capture this value. This movement aligns with the ongoing trend within the channel. There is a crucial support spot at the bottom of the channel, just beneath the identified liquidity zone. This support level is expected to provide significant buying interest, potentially stabilizing the price and preventing further decline. Traders should watch this area closely, as it could be a pivotal point for BTC, either halting the current downtrend or providing a bounce-back opportunity within the ascending channel.Shortby Sober_TradingUpdated 4
Bitcoin's Resilience Amidst Market FluctuationsAmidst a backdrop of fluctuating market conditions, the price of Bitcoin recently experienced a dip to $61K, yet it managed to defend one of its most resilient levels. Former President Donald Trump's recent comments, urging support from America's pro-crypto community, further highlight the evolving landscape of digital assets within the realm of political discourse. Following a retracement to $56500, Bitcoin's price trajectory is poised for potential growth, particularly following last month's Halving event. Historical data suggests that post-Halving, Bitcoin prices typically experience a gradual uptick over the subsequent weeks. Notably, recent price movements have indicated the formation of a potential bull flag pattern, with the price retracing to the 61.8% Fibonacci level while also absorbing liquidity from the previous Fibonacci Value Gap (FVG). Despite short-term market pressures, Bitcoin's long-term trend remains characterized by upward momentum. This resilience underscores the enduring demand for Bitcoin and the confidence investors place in its future value. The willingness of investors to hold onto their positions during periods of volatility reflects a collective belief in the continued growth potential of Bitcoin. In parallel, the intersection of cryptocurrency and political discourse has become increasingly pronounced, with former President Donald Trump strategically leveraging the crypto narrative to garner support. Trump's recent assertion that his opponent, President Biden, lacks an understanding of crypto aims to resonate with voters sympathetic to the crypto cause. This move underscores the growing significance of digital assets within broader socio-political contexts and highlights the potential influence of crypto enthusiasts in shaping electoral outcomes. As the US presidential election campaigns unfold, the convergence of crypto and politics is poised to remain a prominent theme. The alignment of political agendas with the interests of the crypto community underscores the maturation of digital assets as a key consideration within the political landscape. In conclusion, Bitcoin's resilience amidst market fluctuations and its intersection with political narratives underscore its growing prominence as a global asset class. As the crypto ecosystem continues to evolve, it is essential for investors and policymakers alike to navigate this landscape with a nuanced understanding of its dynamics and implications.Longby FOREXN1Updated 1111
Resistance Support with WHALES CONTRACTION Downtrend possibility due to smart money downtrend red trendline. View downtrend possible targets. Whales contraction means candlesticks will end up rejected at the value line or may go above it. Blue and white lines are my pivot'sLongby The_ForexX_MindsetUpdated 5
▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️ This trading method was developed by Richard Wyckoff in the early 1930s. It consists with series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life experience for studying market behavior, and his work still influences much of modern technical analysis (TA). Currently, the Wyckoff method is applied to all types of financial markets, although initially it was focused only on stocks. Richard has conducted a large amount of research that has led to the creation of several theories and methods of trading. This article provides an overview of his work and includes three fundamental laws. ✔️ Three Laws of Wyckoff ✔️ 1️⃣ Law of supply and demand The first law states, that the value of assets start rising when demand exceeds supply, and accordingly falls in the opposite direction. That's one of the most basic principles in the financial markets, that Wyckoff doesn't rule out in his writings. We can represent the first law as three simple equations: 📍 Demand > Supply = price Max; 📍 Demand < supply = price falls; 📍 Demand = supply = no significant price change (low volatility). In other words, Wyckoff's first law suggests, that an excess of demand over supply causes prices to rise because there are more buyers than sellers. But in a situation where there are more sales than buyers, and supply exceeds demand, it indicates a further drop in value. 2️⃣ Law of Cause and Effect The second law states, that the differences between supply and demand are not a coincidence. Instead, they reflect preparatory actions resulting from certain events. In Wyckoff's terminology, an accumulation period (cause) eventually leads to an uptrend (effect). In turn, the distribution period (cause) provokes the development of a downtrend (consequence). 3️⃣ The law of connection between efforts and results Wyckoff's third law states, that changes in price are the result of a collective effort that's reflected in trading volume. In the case when the growth in the value of an asset corresponds to a high trading volume, there is a high probability that the trend will continue its movement. But if the volumes are too small at a high price, the growth is likely to stop and the trend may change its direction. ❗️❗️❗️ For example, let's imagine that the Bitcoin market starts consolidating with very high volume after a long bearish trend. High trading volumes indicate great effort, but sideways movement (low volatility) suggests little result. If a large amount of bitcoin changes hands and the price does not fall significantly, this may indicate that the downtrend may be ending and there will be a reversal soon. You can find more my educational posts by hashtag #rocketbombeducational (You can click it under the pic of this post) Thanks for your attention I'll be glad to see your feedback Sincerely yours Kateryna💙💛Editors' picksEducationby RocketBombUpdated 4242403
#BTC/USDT PLAN A and Our PLAN B?Welcome to this extensive analysis of Bitcoin. Bitcoin is poised for a major breakout. If it surpasses the FWB:67K level, we could see $100k by the end of the year. This is Scenario 1, as depicted in the chart. All the fundamentals align with the technicals, and the crypto community is increasingly bullish. Logic suggests we could be on the cusp of a significant rally. Scenario 2: What If Another Dip is Imminent? - I know you won't like it! Remember how every major loss caught you off guard? It happened to me frequently when I was new to the game. I've learned from those mistakes and now prepare for all market surprises. I'm not saying I'm bearish, but a short-term dip could liquidate many positions, paving the way for the biggest wave to $100k. In Scenario 2, we could revisit the untested GETTEX:52K level. Are you prepared for that? Most aren't. Imagine if you were ready for these dips—how much money could you have saved? How to Prepare for Both Scenarios I'm invested in strong altcoins and hold enough USDT to buy more. I've been holding BTC for a long time and don't plan to sell before $100k. I don't believe in "long-term" altcoins; I flip them to increase my Bitcoin holdings. Many altcoins from 2017 are no longer listed or have died out. The strategy is to find the right ones, enter, DCA, and close with a profit without looking back. The plan is to keep at least 30% in USDT to buy alts and BTC if Scenario 2 happens. If not, we'll be more than happy to see $100k. Conclusion: Though BItcoin looks Bullish, no one knows for certain where the market will go, so we must be ready for all possible outcomes. Keeping a stable reserve is crucial in this market. If you find my logic and reasoning rational, please hit that like button and share your views in the comments. Thank you. #PEACELongby Cryptorphic3337
Is This The Beginning Of The End Of The Bulls?After reaching an all-time high (ATH) of $68,997 on November 8, 2021, Bitcoin began a bearish correction that lasted a year, bottoming out at $15,479 on November 21, 2022. Following this, the bulls took over and pushed Bitcoin to a new ATH of $73,805. At this point, another correction is likely to occur in order to propel Bitcoin towards the projected six-figure price mark. I anticipate the price retracing back to $38,597 before rallying northwards of $100,000. From a technical perspective: The buy-side liquidity created by the previous ATH (traders who entered late during the last bull run have exited their positions) has been swept. This has led to an imbalance in price, causing it to seek sell-side liquidity, which is predominantly around $50,428 or even $38,504.Shortby Sazzy113
Hidden double bottom Hidden double bottom. Price reads $68,417, since last night when the smart money entered the trade. Double bottom met criteria combined with smart money entry. Longby The_ForexX_MindsetUpdated 554
$BTC path to new ATHI'm updating my recent chart on BTC because we haven't fallen to new lows yet which makes that GETTEX:54K outcome less likely. I think the most likely path from here is to continue higher until May 29th, the pivot on the chart. I think the most likely price level we test is that $72k-73k level. Then we should see a pretty large dip after the 29th down to the $61-62k level or $57k-58k level as worst case scenario. After the 8th of June, we should continue higher to reach our final top of $76k-78k. Leaving one more resistance at $81k on the chart incase we see a larger move than expected. Longby benjihyamUpdated 4
BTC Memorial Day SaleSupply Zone Mitigated, levels to be respected, close into Supply Zone invalidates, Failure to gain $69,500 = Drop to HTF Demand Zone (Medium-High Probability Setup) Shortby MarketMakerTraders2
PI CYCLES, HALVING, with NEXT ATH TARGETS $230k to $256KSimple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin to fall for correction. MAIN TOPIC for this is to follow the PI RED AND GREEN MOVING AVERAGES. Cycle 3 RED MA has not crossed over the GREEN MA. This is how we know BTC is not destined to fall yet, must first reach ATH before any Major corrections. Longby The_ForexX_MindsetUpdated 150150145
BTCUSD 1H Long Trade - 1:3 RRRRRR: 1:3 SL: 67400.00 TP: 72900.00 In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Longby panjikadarUpdated 112
#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 BaseLineTraders114
Bitcoin Bullrun Rings (2016-2024)In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets were also proven to signal upward continuation. With regards to my additional ring placements, they help guide and navigate price action direction and assist in providing forecasted support, resistance levels and pivot points. The results are evident and harmonic, to say the least. Forward-looking projections and Key Takeaways: As I see it here, there is a little upward free-ranging until we hit either the above or below rings. Just keep in mind, typically once crossed, that price is not seen for a long time, or if not at all. One major clue in identifying major moves is when these cycle Rings converge or cross one another. On and around the week of the 20th of May 2024 we will be seeing a major crossing of Rings multiple rings. Some of which are not here due to the inability to visually comprehend. I have labelled some price targets, but be aware rings are not straight and price can, at any point hit a ring. As it stands now the peak of the upper red ring is coincidentally the 2022 ATH at 69K Final Thoughts Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings. Thanks Here is a link to the original post x.com I will be sure to post updates zoomed in as we approach a ring.Longby LiquidMafiaUpdated 3314
BTC/USD DEEP CORRECTION INBOUND?BTC/USD 1D - This market looks to have been distributing on the daily timeframe, we have seen it range within this area over the course of the past two months. As of recent we have seen price influx trading us back up but I feel this is to manipulate buyers before a further down move, I want to see price continue to break down taking us lower in this market. We are yet to see the last high break in order to create a new higher high and we have seen a break in what was the last protected low, so both of these things suggest a potential down move. We are no longer following the laws of bullishness but now following the laws of bearishness. Price has just traded us into a Supply Zone, I believe we may see price trade down initially. Trade into a Demand zone which will give price a kick back up trading into a more fractal area of Supply and then price will continue the move lower, as drawn out above.Shortby Lukegforex8
BTC 2025 PredictionHere is my BTC Chart that I trade off of. I like to predict out price projections for the upcoming bull runs. The parallel lines are the rainbow regression lines. You will also find a true regression line show as a green shadow at the bottom and a red shadow at the top which is fit "bubble" data. Finally, you will see a "Pie Cycle Top" and "Halving Cycle Profit" indicators. Since there has been a little over a month since the halving occurred, I would now like to publish my projections. As for my prediction, I think that BTC can surpass the 100K mark with a high of 120K and a low of 80K. The blue flag indicates where I think we might see the next pie cycle top which falls in the "take profit" range based on the previous halving. The YELLOW line going into late 2024 and early 2025 is my baseline for what I think Bitcoin might do from a price perspective. The BLUE line is best, best case scenario topping out under 200K. (For the record, I do not think BTC will reach these levels this next run, but with it's volatility, I cannot leave that the possibility out.) The RED line is the on the conservative and low end of price projects in a scenario where BTC does not reach the 100K level topping out in the low 90s.Longby austunutsua1
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