Strong bullish phase aheadBefore the end of 2024 we will reach a new ATH @ around 110k. The next months we will rocket! No advice, just my insights. Good luck!Longby frankebizz0
ready for rally? long BTChi there Bitcoin seems to be completing the flag pattern. Will we have an upward rally soon?Longby Reza97VGR0
65k tested and confirmed as support!BTC/USD 1D 70k target locked on! I put the magnets on after BTC fell out of the BullFlag. Y'all can thank me later! #BTC #BitcoinLongby XCryptonacciX0
possible bullish flag on btc Btc will form a bullish flag on break of $70500. Targeting $105000 as per pole length of flag by anas7861110
The art of trading in favor of the TrendWe have a clear bias of a psychological nature that basically consists of going against everything that experiences a movement in favor. When a trend is established, it always tends to last longer than we expect: _ It’s going to turn around now!, it’s going to turn around now! but it never does. All that time you’re waiting for a market to turn is precious time you’re losing to go in favor. You’re missing multiple opportunities by waiting for just one, the turn. And what’s worse, you’re probably even entering the market against it, with its consequent “bites” to your account. When there is an established trend, the best thing you can do is wait for a retracement of it to enter in its favor. Therefore: - Every time there is a trend, for example bullish, if you go against it at every resistance you find, you are trading counter-trend. - Likewise, if you go against it at every support, in a bearish trend, you are trading counter-trend. Many times prices stop at supports and resistances, and you may get a “pinch” but by doing so you are not trading in the correct way but as the market wants you to do. Educationby CryptoCoBit0
BTC May 7, 2024: Consolidating Right Below MA-50In a previous post on May 1, when CRYPTO:BTCUSD made a new low, I expected 2 scenarios: A fake breakdown and further decline. It happened to be the first scenario. Now after running up straight from a fake breakdown, CRYPTO:BTCUSD is forming a consolidation zone right here below its MA-50, between $62,800 and $64,500. A breakout above this area would provide a buy point. How about a breakdown? I will stay flat in that case and wait for another bull pattern because I am not planning to short CRYPTO:BTCUSD , at least for now.by longsonvnUpdated 1
Bitcoin to $70kBitcoin to $70k? Falling wedge from FWB:73K to $55k. Currently $66k with potential to $70k. Stoch Rsi = Neutral Rsi = Bullish Macd = Bullish Longby cryptotrader2700
Legislators UniteA few weeks of limited volatility and ranging between the $60k and FWB:67K range for Bitcoin are keeping traders in suspense. This was well captured by a few days of relatively low inflows/outflows to the Bitcoin ETFs over the last week. The trend seems to have turned however as this week saw $726m of inflows so far. In times of little price action, crypto traders tend to become macro-economists and Federal Reserve lip-readers. One topic to catch attention was the growth of US M2 money supply turning positive for the first time since November 2022. This indicates a loosening of monetary conditions which has historically correlated with a strong performance for Bitcoin. US Equities markets forming all-time highs has further supported optimism. Markets are also further pricing in rate cuts due to weaker jobs and inflation numbers On the downside, growth across the US and worldwide is slowing. Indices like the US SM Manufacturing & Services Employment and the NFIB Hiring plans survey show weak numbers. Globally, Chinese monetary policy is continuing to tighten with M2 money supply shrinking and weak Chinese consumer demand. The question over a 'hard economic landing' preoccupied economists over the past year. So far, economic performance has surprised most to the upside. But a sudden turn in economic fortunes for both the US and the world at large would prove a major unexpected stumbling block in a year filled with important elections. We may soon be finding out if low rates and liquidity growth can drive Bitcoin higher in a weak economic environment. In other news, a bill to strike down the Securities and Exchange Commission's (SEC) staff accounting bulletin "SAB 121" has just become the first-ever crypto bill to be sent for signing off to a US President. After getting bi-partisan approval from both Congress and Senate, it is now under the threat of a presidential Veto. President Biden, for now, is following the line of anti-crypto senator Elizabeth Warren who is against the bill. SAB 121 makes it expensive for banks to offer cryptocurrency custody. The rule forces them to record customer crypto holdings as liability rather than asset on the balance sheet. This of course is an indirect way how the SEC tries to block crypto adoption. These crypto funds held by the bank are not a risk taken on by the bank but belong to customers. The rule is a straightforward power abuse by the SEC which was noted Legislators. Whether President Biden ends up using his Veto power or not, this latest episode highlights that crypto can receive bi-partisan support. The thousands of crypto holders who were calling their legislators also show that crypto is no longer a niche topic. Both TradFi banks and crypto pushed for SAB 121 to go in a sign that interests are starting to align. The market structure bill, known as FIT21, will be the next major piece of crypto legislation to reach Congress. It introduces comprehensive regulation for the industry and will also finally clarify how cryptocurrencies can launch without being labelled securities. For now, most observers expect that it will not pass Senate. In-between macro uncertainty, legislative and legal battles, it is hard to predict where prices will be going next. The trajectory is upwards but traders must expect a turbulent road ahead.by Coinrule0
Title: Bitcoin 15-Minute Chart: Navigating Mixed Signals Let's take a look at Bitcoin on the 15-minute timeframe. We're currently seeing a mix of signals on the charts. Higher timeframes are showing some bullish indicators, suggesting a potential rise towards the top of the range near $72k. However, it's important to approach this step by step, hence our focus on the 15-minute timeframe. We're observing a promising ascending triangle pattern, typically a bullish signal. Additionally, the Stochastic RSI is in the oversold zone, which could drive a breakout to our measured move target. On the flip side, we can't ignore the bearish signals. Both the MACD and RSI are trending downward, indicating potential for prices to dip before potentially bouncing back as influenced by larger timeframes. Staying adaptable and vigilant will be key in navigating these mixed signals.Longby Fermented_Crypto0
BTCUSD [LONG] ! Doji Dragonfly Pattern. !Example of How to Use the Dragonfly Doji Dragonfly dojis are very rare, because it is uncommon for the open, high, and close all to be exactly the same. There are usually slight discrepancies between these three prices. The example below shows a dragonfly doji that occurred during a sideways correction within a longer-term uptrend. The dragonfly doji moves below the recent lows but then is quickly swept higher by the buyers. Seem this Doji and next higher we go Long on this trend. Following the dragonfly, the price proceeds higher on the following candle, confirming the price is moving back to the upside. Traders would buy during or shortly after the confirmation candle. A stop-loss can be placed below the low of the dragonfly. The example shows the flexibility that candlesticks provide. The price wasn't dropping aggressively coming into the dragonfly, but the price still dropped and then was pushed back higher, confirming the price was likely to continue higher. Looking at the overall context, the dragonfly pattern and the confirmation candle signaled that the short-term correction was over and the uptrend was resuming. Entry 65500-65300 SL Above Doji 65100 TP1 66000 TP2 66900 TP3 Break high.Longby Coffeez1669Updated 1
Current Volume Is Low. I think recent volatility is a fake out and we will come down to either one or both support levels by byama450
trading within the volume range boxes that i mapped outonly trading when inside the box, as the volume ranges are much lower inside the box meaning there should be less resistance and support once it trends a certain way.by bensaxophone440
Bitcoin BTCUSD | BTC.X Rally Update: Bullish Bounce Expected at In our latest analysis, we dive into Bitcoin (BTCUSD) on daily and weekly timeframes, highlighting key Fibonacci ratios, support and resistance levels, and bullish diamond formations. After rallying towards $67,000, Bitcoin is now retracing to $63,000 before we anticipate a bounce back up to $67,500 and $70,000 within 5-7 days. This comprehensive update underscores the importance of understanding higher-order wave patterns and avoiding biases to better navigate the market. 📬 Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.Longby candlestickninja0
Macro trend analysis based on LSEG Datastream - GMIA chart showing the larger cyclical macro trend of bitcoin. Longby EightBullTeam0
Expired BTC.USD Weekly outlook. 3rd WK MAY 2024Expired BTC.USD Weekly outlook. 3rd WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 60,797 Target Price: 61,831 | Strike Price: 66,558 MAY15 24' Upper Range: 67,738 Lower Range: 55,925Longby putIQ1
#BTC to 80K ?Inverse downward slopping H&S Breakout within a parallel Channel... This could be itLongby GTN6710
BTC Wedge and Fib Levels BTC 1 D Chart forming a wedge and also following FIB levels pretty closely. Use these as key areas of support and resistance and watch for a breakout/down from the wedge by bdsg951
Bitcoin to hit 70000 $Bitcoin is expected to reach 70000$ , after a weak bearish move . Open a trade in the level marked in screenshot , wait for bullish indicators and patterns , move SL and take profit at 70000 $ . Regards from Agadir City ,Morocco . Longby Moroccolover0
BTC/USD - 1H - Technical analysis published on 05/02/2024The bearish basic trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 59,101.97 USD. Crossing the first support at 56,647.22 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 55,575.35 USD as an objective. Crossing it would then enable sellers to target 50,742.68 USD. Caution, a return to above the resistance located at 59,101.97 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.Shortby abouelUpdated 2
Shorting of BTCI will be shorting BTC if the 4h fvg is filled at the blue horizontal levelShortby gamalielmbaba0
Bitcoin 4H Areas... Where Next?-Bullish SMT -FVG -Inversions -Draw Higher For TargetsLongby adammeyer4120