Btcusd Btcusd am expecting a bearish movement cause price broke and retest so we expecting price to move down Shortby Greatvic0011
bitcoin update this is my bitcoin idea where i still expect more upside but would trade based on reaction at resistance. at the moment we are still making bullish market structure, going below 60k would make it more bearishby Trader_Polo2
BTC - Weekly Forecast - 17 June 2024I have a bearish bias on BTC for the weeks ahead. My potential entries and targets are shown within the videoShort04:21by TraderRiz1
Week 25 Analysis (17Jun) + Week 24 ReviewWelcome Fellow Traders! Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!26:12by Shadowing_The_Big_Boys2
$BTCBitcoin sits at a trendline/support. An ascending triangle is typically a bullish pattern. If PA breaks below look for it to drop to $60500. If it bounces here look for a retest to $71K. If bullish sentiments continue I see FWB:83KLongby huy2211
If BTC breaks below 65,200 again, we might see a short downtrendIf BTC breaks below 65,200 again, we might see a short downtrend.Shortby KashifCh_eth1
Slowing Inflation Data Brings Positive Price Action to Bitcoin The US CPI remained flat in May, beating forecasts and lifting bitcoin prices by nearly 4% on Wednesday: But bitcoin prices quickly retreated on Thursday as traders grappled with the possibility of just one rate cut by the Federal Reserve by the end of the year. Trump voices support for Bitcoin mining at Mar-a-Lago: President Biden’s campaign also consulted the crypto industry on his digital asset policy. Gensler confirms spot ether ETFs are coming soon: In a Senate Banking hearing on Thursday, SEC chairman Gary Gensler said he expects spot ether ETFs will begin trading this summer. GameStop's stock drops 12%, impacting related meme tokens: The dip comes after recent highs and announcements of new share sales and declining quarterly sales. HSBC Bank's China branch begins offering e-CNY services to corporate clients: It’s the first foreign bank to support the digital yuan to facilitate transactions and asset management. The ZKsync Association will airdrop 3.675 billion ZK tokens next week: Early users and contributors will receive the distributions, with claims available until January 2025. 🗝️ Topic of the Week: Crypto and Retirement Accounts: 401ks and IRAs 👉 Read more here by Gemini1
btc LONGLast try longing btc. Looks solid here, multiple sweeps. Hold these and we are good otherwise big dump Longby Btc_y_tho1
History never repeats itself, but it does often rhyme.Max fear this month. If history rhymes good we can see some relief in January. Gonna leave this idea to see how it is going after 2 years. Happy New Year! Cheers!by badblo0dbgUpdated 11
BTC Consolidation "Schedule" Ok so first, we all know the markets wont follow this "schedule"...but here's my theory on a potential timeline based on an ABCDE count that may play out as a triangle or a falling wedge. Trade smart & buckle up for the ride! by MtGoxFX1
Bitcoin (BTC): Monthly Opening / Pushy Market / Fakeout To 50K?First week of the new month is here and we are seeing some upward momentum here, pushing the upper resistance zone (potentially going for a fakeout). We are looking at current zones, which are $69-71K which are a huge point of interest for us for a potential fakeout zone right there. But this is not mandatory, as we are near correction phase where accumulation has already happened and is about to end and now that Bollinger Bands upper and lower lines are tightening, we see a good chance for breakdown to happen soon. As you all know, we have major target zone, which is $50K, so let's see if June will be the month for it 😉 Swallow Team Shortby SwallowPremiumUpdated 9
Jun.11-Jun.18(BTC)Weekly market recapAfter the CPI data released by the Labor Department last week showed that inflationary pressures further eased in May, BTC and US stocks rebounded significantly, covering the decline caused by the previous employment data. However, in the subsequent FOMC, the dot plot showed that the median number of interest rate cuts this year was one, which was lower than the market expectation of two. And at a later press conference, Powell said that inflation had further eased, but was still higher than planned. This takes into account the CPI. The markets fell on the news High market sentiment was cooled. In the next half month, crypto continued to fall as the main trend, and during this period, there may be a rebound due to the listing of the ETH ETF. The trend will maintain until economic data of June is released. BTC has fallen with fluctuation in the past seven days and missed the opportunity to refresh ATH, but its performance was stronger than most tokens. It can be seen from the WTA indicator that after the CPI data was released, blue columns representing whales participated in transactions. The rate of decline slows down. Trading volume is consistent with the past. The ME indicator continues to maintain a bullish trend, and the wavy area further narrows. To sum up, we believe that BTC will continue to lead the market correction in the short term and remain fluctuation in the medium term. 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.by Sypool1
ANALYSIS BITCOIN Bitcoin (BTC/USD) with various technical indicators and levels marked on it. Here’s an analysis based on the chart provided: Key Observations: Price Levels: Current Price: 67,271 USD Major Support: Around 63,001 USD Major Resistance: Around 78,900 USD Fibonacci Levels: 0.618 Retracement: 70,062 USD 1.0 Extension: 78,900 USD 1.618 Extension: 84,315 USD 2.618 Extension: 90,925 USD VWAP (Volume Weighted Average Price): Weekly VWAP: 65,772 USD Liquidity Heatmap: Shows regions of high buying and selling interest. There are significant liquidity zones around the 63,000 USD (support) and 78,900 USD (resistance) levels. Trend Lines: Dashed lines indicate potential future trends or breakout points. Projected Move: There is an orange projection indicating a potential sharp upward movement targeting the 78,900 USD level. Analysis: Support and Resistance: The current price is hovering just above the weekly VWAP, which is a crucial support level. If the price breaks below the 65,772 USD level, it might find support at 63,001 USD, which aligns with the Fibonacci retracement and the liquidity heatmap. On the upside, significant resistance is expected around 78,900 USD, which is a confluence of the 1.0 Fibonacci extension and liquidity heatmap. Fibonacci Retracement and Extension: The price needs to break above the 0.618 Fibonacci retracement level (70,062 USD) convincingly to confirm a bullish trend towards the 1.0 extension at 78,900 USD. Beyond that, the 1.618 (84,315 USD) and 2.618 (90,925 USD) extensions indicate potential longer-term targets. VWAP Analysis: Trading above the weekly VWAP suggests a bullish bias. The price is currently consolidating above this level. Liquidity Zones: The heatmap indicates heavy liquidity around the 63,000 USD level (support) and the 78,900 USD level (resistance). These zones can act as potential reversal points. Projected Move: The sharp upward projection suggests that if the price holds above the current support levels and gains momentum, a rapid move towards the 78,900 USD resistance is possible. Strategy: For Bulls: Look for long entries around the current VWAP (65,772 USD) with a tight stop loss below 63,000 USD. Target the 70,062 USD level initially, with a potential extension towards 78,900 USD. Monitor price action around key resistance levels for potential profit-taking or further continuation. For Bears: Watch for a breakdown below 63,000 USD for potential short entries, targeting lower support levels. Alternatively, consider short positions around the 78,900 USD resistance if the price shows signs of reversal. Conclusion: The chart indicates a potential bullish scenario if the current support levels hold, with targets towards 78,900 USD and beyond. Traders should watch key levels and liquidity zones for confirmation and manage risk accordingly.by crktrader1
BTC / USD Monthly ChartHello traders. We had another nice 10% dip, where I bought some more sats to add to the Bitcoin coffers. We could have a few more months of this sideways, ranging, pre parabolic reaccumulation phase before we take off. We are in a time where leveraged traders may be getting smoked as well as a normal post halving range. Most people do not realize that even at this price, buy Any bitcoin would be a step in the right direction. This is the last chance for regular people to get in before the supply / demand shock set in and makes Bitcoin go insane. BIg G gets all my thanks. Patience is key, as is being thankful for what we have. Be well and trade the trend. This post was a pep talk for anyone getting nervous or starting to freak out a bit. Just hit some dabs, relax and enjoy this ride.by musclemilk00751
Bitcoin - Inverse Head and Shoulders - LONGPotential inverse head and shoulders breakout coming soon. Similar to the breakout. RSI is mirroring the pattern prior to the breakout above 43k. I think we see something similar here. Lots of consolidation over the past 3 months. I think we move upward here soon. Longby RobsPlanUpdated 1
BTCUSD BUY (80k soon!!)Hi fellow traders, BTCUSD will be ready to make a move higher from the blue box after it completes the flat correction. Target the 79219.46 level. Good luck and trade safe!Longby OGwavetraderUpdated 2
BTCUSD to reclaim highs and more?Highlighting the inverse relationship between the DXY (yellow line) and the BTCUSD. Potential weakness on the DXY tonight could see the BTCUSD continue its bounce from the support level of 66,000 (also formed by the 38.2% Fibonacci retracement level from the longer term) up toward the previous high of 72,000. If the price breaks above the resistance level, significant upside could be anticipated with the next target profit level around the 74,500 areaLongby JinDao_Tai5
BTC Bounces At SupportWelcome to The Wolf Den! This is where I share the news, my ideas about the market, technical analysis, education and my random musings. The newsletter is released every weekday and is completely FREE. Subscribe! The Wolf Den Is Sponsored By BLENDR! Why $BLENDR? The world of GPU computing is changing fast, and there's a huge need for affordable and powerful computing power, especially in fields like artificial intelligence and content rendering. Purpose: Blendr is introducing a new decentralized network that utilizes unused GPU resources all over the world, in order to give access to high-performance computing. Blendr uses blockchain technology to create a marketplace for GPU power, making computing more efficient and cheaper. This new approach makes the process scalable and cost-effective. This newsletter is made possible thanks to BLENDR. Show them some love! In This Issue: F-O-M-C Bitcoin Thoughts And Analysis Altcoin Charts Legacy Markets FTX Is Still A Mess Crypto And AI Will Be Epic Elizabeth Warren Begs For Rate Cuts This Chinese Bank Is Praising Bitcoin And Ethereum Bitcoin Sinks | Here Is What Happened And What To Do Now (Buy The Dip) F-O-M-C Eight times a year, a group of influential policymakers convenes to set economic policies that profoundly impact the value of everything we own, consume, and experience. Their decisions shape the financial landscape and reverberate through our daily lives. The seven governors, who serve 14-year terms, wield significant power. They are appointed by the President and confirmed by the Senate. The only officials who typically outlast them in their positions are Supreme Court Justices, who serve for a lifetime, subject to good behavior. The decisions of these individuals not only deeply affect Americans but also have global implications, as the United States continues to exert dominance in banking, capital markets, and fiat currency worldwide. Today, these individuals will meet for the fourth time this year to deliberate on policy, form opinions on the market and economy, and ultimately decide on the necessity of rate cuts. While I've always maintained that the market and Bitcoin will act independently, significant shifts in tone or posture are bound to have lasting and far-reaching effects. Interestingly, these meetings have had a notable impact on a particular asset class that operates outside traditional markets: cryptocurrency. Both risk-on and risk-off assets tend to experience heightened volatility in the days surrounding these meetings, with Bitcoin and the broader cryptocurrency market often standing out as the most reactive. A trend has emerged, which I believe has not garnered sufficient recognition. I conducted a retrospective analysis of Bitcoin's response to these meetings, beginning with the most recent and going back to the middle of last year. While volatility isn't perfectly aligned from meeting to meeting, the patterns are remarkably consistent. It's almost as if one could predict the timing of FOMC meetings just by looking at the chart. See below for the results. I didn’t adhere to strict guidelines when collecting this data; at most, I looked just a couple of days before or after the meeting. Barely a stretch. 2024 FOMC Meetings: June 11-12: $70,000 to $66,500 then… TBD April/May 30-1: $64,500 to $57,000 then springs back in a few days March 19-20: $67,500 to $61,500 then springs back same day Jan 30-31: $43,500 to $42,000 then springs back in one day 2023 FOMC Meetings: Dec 12-13: $43,800 to $40,700 then springs back same day Oct/Nov 31-1: $34,500 to $35,600 then falls back in a couple of days Sep 19-20: Insignificant volatility July 25-27: Insignificant volatility June 13-14: Insignificant volatility What you will notice is that the FOMC tends to have a more pronounced impact when the market is already in a reactive state. For example, from June 2022 to September 2023, Bitcoin price action was relatively stable. However, in October 2023, Bitcoin began to rise, and subsequently, FOMC meetings became highly volatile profit-taking/deleveraging opportunities for the market. Based on this data, my prediction is that Bitcoin will experience a sharp upward move in the next few days, rebounding most, if not all, of the drop. I’m not taking a trade based on this hunch, and neither should you. My thoughts should never dictate your strategy, but that’s my guess. Any deviation from this trend would mark a departure from the four/five consecutive, nearly identical data points we've observed leading up to this point. Moreover, an unaccounted-for hiccup, nose scratch, or twitch of the right arm from Jerome Powell could send the market into a frenzy. I don’t make the rules; they do. The trend remains upward; do not risk your Bitcoin with leverage unless you are extremely confident, well-capitalized, and comfortable with the possibility of 100% losses. Godspeed. Valhalla awaits. Bitcoin Thoughts And Analysis DAILY CHART I am beginning to annoy myself. The compulsion to share a bitcoin chart in every newsletter, every day is problematic, when we all know that nothing has changed. Months of sideways were expected, and that is what we are getting. And at the moment, a highly predictable bounce (hopefully it lasts) at support in the middle of the range. Yawn.Longby ScottMelker4
CPI & FOMC JUNE 12th Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT. Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days. I would like to see the same kind of move but this time from the MIDPOINT which often provides a better starting point to a move. What we don't want to see if BTC is to keep bullish HTF momentum is lingering around the midpoint level with a view to target range lows yet again. Buyers need to come in fast before momentum is lost. With sentiment so low but price constantly knocking at the door of ATH, ETF's being approved leading to institutional investment, mining rewards halved and a US election on the way this year. Big things are about to happen in the world of cryptocurrency and Bitcoin is the one leading the charge as it so often does. Be greedy when others are fearful springs to mind. There is definitely fear in the market and its participants, The chart once you zoom out does not give me reason to be fearful just yet, this is a Bullrun and dips like these can be turned into wins. by ProR35Updated 2
Price goes to the liquidity arond 64 teritoryPrice dumped as per my last analysis. I still think the 64ish zone which is the daily FVG and demand zone will be visited. However, I will not be shorting but rather waiting for the long as on the analysis below. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Follow me for daily updates at 9 PM CETby Dave-FX-Hunter3
BTCUSD Support Rejection At $66043.90. 12.06.2024Support rejection spotted in 1hr BTCUSD chart at $66043.90. If rejection holds: Target 1: $67312.81. Target 2: $68308.96 if $67312.81 is broken. If rejection fails: Target 1: $64431.08. Target 2: $62376.48 if $64431.08 is broken Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy3
BTCUSD long from the very bottom of the range - RISK ON signs!Hi. I just opened a long on BTCUSD pair because I am seeing some signs of risk-on evironment. Bitcoin did a beautiful correction to the very bottom of H1/H4 range and produced a small Change of Character (CHoCH) on 5m timeframe. For me it's worth a risk. Stop loss up to you, mine is around 65k (this still can get swept before real move). BE CAUTIOUS OF NEWS TOMORROW (CPI AND INTEREST RATE DECISION), however, as markets are great at predicting the future, and I learned to play the chart, so far this trade is worth a risk in my eyes. Keeping an eye to start breaking 67.3k+ for more confluence so I might add more. Stay safe and good luck!Longby eZ_Real2
BTCUSD: Time for a correctionOutlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The consolidation at higher levels remains bullish until $60K is broken to the downside (foodgates moment), which would confirm the current range ($60K-70K) as longer-term distribution, rather than accumulation. First stop will likely be a re-test of the 50 Week MA around $50K after the floodgates for selling opens below $60K. With relatively low accumulation volume, I'm not expecting it to hold as support, but instead return to the 200 Week MA around $40K, likely after a re-test of previous support in order to confirm it as new resistance (around $60K). The 20 Week MA is currently around $63K, so below this level, there will already likely be an increase in selling pressure. The Weekly RSI is otherwise facing rejection from overbought levels >70, similar to late 2021 (minus the strong bearish divergence back then). The culmination of breaking the 20 WMA and confirming RSI rejection by returning to $60K, would be the catalyst for the break of support. As also noted (N.B.) the Mid Pi Cycle Top occurred in march, around $68K-$70K, with price unable to maintain the momentum above this rising MA multiplier, unlike in December 2020 at $21K.(1) The post-halving "Miner Capitulation" has also been signalled by Hash Ribbons indicator, not so dissimilar to summer 2020 that encouraged consolidation and a miner correction.(2) I'm not particularly expecting Path B to play out, unless there is a catalyst for a more full-blown capitulation, leading to a 65% haircut in price. Examples include ETF holders getting cold feet leading to panic as price goes below opening ETF prices , or otherwise some negative regulatory news. A -45% move down to $40K should otherwise be more then sufficient to build up momentum for a 2025 bull market reaching $100K+. Should price reach GETTEX:25K to $30K levels (path B), there could be a "delay" within the usual cycle, with higher parabolic prices nearer to $200K. After the 3x from 2017 to 2021 ATH, 2x seems reasonable in 2025 however ~$138K. (1) www.lookintobitcoin.com (2) capriole.comShortby dragononcrypto3