There's a present!Sit on your hands until you can grap the present! Stay strong friends! Longby Ben_vouhUpdated 12
BTCBTC, nice Impuls on 1h TF in my opinion this 1h FVG will hold and next Target is All Time HighLongby andy4444_1
Another cup n handleCup n handle this time on BTC/USD pair. Is bullrun incoming ? Stay safe ! Only use money you own !Longby Jycocorien112
Eyeballing the Cycle HighThis all seems familiar to me... BTC has popped off from its cycle low and shown us market participants that it's alive, and now its consolidating around the previous cycle high. This log regression fits quite nicely over Bitcoins steady, exponential and almost linear rise. It would appear that BTC will break out of the regression channel at around $110.000-$120.000, at which point it would be time to start scaling out - hastily, though not all at once. This is my strategy, anyway. And, it will have to be adjusted along the way as it'll likely be front-ran by larger and more sophisticated investors, institutions, and governments. Longby AspiringPro1
why HODL ?this chart here provides a very simple perspective over what really is going on . crypto in HTF is actually quit predictable . :) no need for future updates hereLongby hamidking82Updated 0
BITCOIN (BTCUSD): Important Decision Ahead ₿ Bitcoin is currently testing a wide daily resistance cluster based on the all-time high. Because the long-term trend is bullish, there is a great chance that the market will break it and update the high. A daily candle close above the underlined structure will confirme the violation. Bullish rally may continue then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader118
BTCUSD - Bulls in Control Since the beginning of the year, BTCUSD has surged by over 3000 pips. After reaching the 71k mark, the pair initiated a correction move. However, this move was swiftly halted by the bulls around the 56k mark. Observing the daily chart, BTC has been pressing against the 71k resistance level, touching it four times. A break above this level appears imminent. The bulls are favored to win this battle. A daily close above the 72k resistance is expected to accelerate the price towards the 85k mark. Longby Integrity_GoldFX0
MONEY FLOW INDEX We need RSI to reach 88.00, RSI is currently at 73.23. MONEY FLOW INDEX is currently at 70.86. Shows will reach 88.00. Please go back and see in two occasions where it did reach the top according to this 35DAY TF. LMONEY FLOW INDEX has unveiled BTC next targets. Next I want you to see the smart money contraction at the bottom. Reads 7k zone from its value line and its BULLISH. Now I want you to see the next HIGHER HIGHS from the 7k zone. We have a new BULLISH contraction in PROCESS, current candle has not closed. There’s 18 days and 19 hours left. Contraction is a 3 candle pattern. UP, DOWN, UP. Smart money creates them. If this current candle closes above into a certain location then it’s BULLISH. If so, LOOK OUT. Longby The_ForexX_MindsetUpdated 4
Bitcoin NEXT LEG UP IncomingUpdate to a prior idea: "Bitcoin Will Pump 100% Over Next Few Months" We are well on target for 114k+ in coming month/s. Got the 1D buy signal on the Machine Learning indicator with 93.7% back test accuracy. Not financial advice.Longby D4NKM4CH1N3226
Bitcoin Will Pump 100% Over Next Few MonthsObserve the daily on log mode. Notice the two prior fractals that show the same thing happening. Massive last minute accumulation occurring as I type this. We are headed to 90k - 120k over this summer. Next leg up. Not financial advice.Longby D4NKM4CH1N3Updated 15
BTC Price Analysis: Poised for Increased Volatility and...BTC Price Analysis: Poised for Increased Volatility and Potential Growth Bitcoin (BTC) traded around $70,800 on Wednesday's opening, with insights from Glassnode suggesting that the largest digital asset could be primed for increased volatility if it reaches a new all-time high in the coming days. Insights from Glassnode Key metrics from Glassnode highlight the significant role long-term holders could play in dictating Bitcoin's price action in the near future. According to Glassnode: 1. Unrealized Profits: Most long-term Bitcoin holders are sitting on substantial unrealized profits, suggesting potential for market moves if these holders decide to realize gains. 2. Coin Age Metric: Coins younger than three months old account for 41% of the network's wealth. The coin age metric measures how long a coin has been held in a particular address, indicating liquidity distribution between short-term and long-term holders. The 41% share of <3-month-old coins shows that liquidity held by new demand is beginning to grow, suggesting increased market activity and potential volatility. Technical Analysis Overview From a technical standpoint, BTC remains within a bullish channel, trading above the 50% Fibonacci retracement level and the Volume Weighted Average Price (VWAP). Key technical observations include: 1. Bullish Channel: BTC continues to trade within a bullish channel, indicating an ongoing upward trend. 2. Support Levels: The price is currently retesting yesterday's high resistance level as a support level, signaling potential for further growth. 3. Indicators: Staying above the 50% Fibo and VWAP suggests strong support and potential for continued bullish momentum. Market Strategy Given the current technical setup and the fundamental backdrop provided by Glassnode's insights, our strategy involves looking for long positions in BTC. The bullish channel, strong support levels, and indicators of increasing liquidity held by new demand all point towards potential growth. Bitcoin is positioned for potential increased volatility and growth, supported by both technical and fundamental factors. Insights from Glassnode indicate that long-term holders and growing new demand could play significant roles in BTC's price action. Technically, the bullish channel and strong support levels further reinforce the bullish outlook. As a result, the current market environment presents an opportunity to consider long positions in BTC, anticipating continued upward movement and potential new all-time highs.Longby FOREXN1Updated 112
Possible Retrace to ~60k?A simple chart from a noob. Possibly retracing to 60k to fill out a massive bullish pennant as volume/exuberance is waning at the top of this range?by RimmerDall4
Bitcoin will fall?Bitcoin has recently reached $71,000, but negative investor sentiment has made the price highly vulnerable. Given the current market conditions, the price appears overextended for this time of year.Shortby manelfx4
BTC update in H4 chart Hello There is nothing more to say about BTC and please check lest ideas. This is just an update for its new wave counting ThanksLongby AMA_FXUpdated 224
Bitcoin Must Show Decisive in its Move before im excitedHi guys. So i posted recently some crypto related stock ideas. I felt like i should do a BTC update as they are directly related. When BTC goes up, all related crypto assets move up. So lets jump right in. This is a 1 week analysis. So we have established a consolidation range. Consolidation ranges is just a price range between which an asset moves up and down in. The key is to observe a confirmation of a breakout either ABOVE or BELOW it. The Key lvls are: 1. $61,000 as support 2. $71,000 as Resistance FOr our Bull market to continue and move into the final supercycle phase of the crypto market we need a DECISIVE BREAK ABOVE 71,000. This will in a short time print a blowoff top and end Bull market. I have up a bunch of Moving averages in different colors. What i'd love to see is from ascending order: Purple 1st Green 2nd Blue 3rd Red at the bottom This order signifies that a Bull market is going on. STOCH RSI has also crossed BUllish above the 20 lvl. If you look left, everytime we've done so We've moved higher. _________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on BTC in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy. Longby SafofAllTrades0
Bitcoin Approaching Key Resistance at 72,000On the daily chart, Bitcoin has bounced off the 67,275 support level and is now rallying towards the next resistance around 72,000. Buyers are continuing to buy the dips, aiming for a new all-time high as long as market sentiment remains positive. Meanwhile, sellers may use the 72,000 resistance as a strategic point to position for a potential drop back to the 67,275 support level.by strictserip0
Bitcoin Price Approaches $72,000: A Potential Fuse for New ATHThe price of Bitcoin (BTC) has been steadily climbing in recent weeks, inching closer to a critical resistance level: $72,000. This price point holds more significance than just another round number on the chart. Analysts believe that surpassing $72,000 could trigger a chain reaction that propels Bitcoin toward new all-time highs. The Squeeze is On: Liquidations and Momentum One of the key factors fueling the significance of $72,000 lies in leveraged short positions. In the world of cryptocurrency trading, some investors use leverage to amplify their potential gains (and losses). Leveraged short positions essentially bet on the price of Bitcoin going down. However, if the price goes up instead, these positions get liquidated, meaning the investor is forced to buy Bitcoin to cover their short bet. According to data from CoinGlass, a staggering $800 million worth of leveraged short positions would be liquidated if Bitcoin surpasses $72,000. This sudden surge in buying pressure from forced liquidations could act as a powerful catalyst, pushing the price even higher. Imagine a domino effect: rising price triggers short liquidations, which in turn creates more buying pressure, further driving up the price. This positive feedback loop could propel Bitcoin towards uncharted territory. Breaking Through Resistance: Psychological and Technical Hurdles The $72,000 mark also represents a significant psychological resistance level. Previous price movements have often stalled around this point, creating a barrier in the minds of traders. Overcoming this psychological hurdle can be a self-fulfilling prophecy. Once investors become convinced that Bitcoin can break above $72,000, it can become a reality due to increased buying pressure. Beyond the psychological aspect, $72,000 also presents a technical challenge. Technical analysis, which studies historical price patterns and indicators, can reveal potential resistance and support levels. If there's a concentration of sell orders around $72,000, it can create temporary resistance, making it harder for the price to break through. However, a decisive break above this level could signal a shift in the technical landscape, potentially leading to a sustained uptrend. Investor Confidence and Market Sentiment The bullish sentiment surrounding Bitcoin is not solely driven by technical factors. Increased investor confidence and a positive overall market environment are also playing a role. Several developments are contributing to this optimism: • Institutional Adoption: More and more institutional investors, such as hedge funds and investment firms, are entering the cryptocurrency space. This influx of capital can significantly impact Bitcoin's price. • Growing Recognition: Bitcoin is increasingly being recognized as a legitimate asset class. This growing acceptance is attracting new investors and fostering a sense of stability. • Limited Supply: Unlike traditional fiat currencies, Bitcoin has a finite supply of 21 million coins. This scarcity can drive up its value over time, especially with increasing demand. A Word of Caution: Volatility and Risk Management While the current outlook for Bitcoin is positive, it's important to remember the inherent volatility of the cryptocurrency market. Sudden shifts in sentiment or unforeseen events can lead to sharp price corrections. Investors should always approach the market with caution and implement sound risk management strategies. Conclusion: The $72,000 price point for Bitcoin is more than just a number. It represents a potential tipping point that could ignite a surge towards new all-time highs. The combination of short liquidations, overcoming psychological resistance, and positive market sentiment creates an intriguing scenario. However, investors should be aware of the inherent risks involved in cryptocurrency trading and act with a well-defined risk management plan. The coming weeks will be crucial in determining whether Bitcoin can indeed break through the $72,000 barrier and ignite a new bull run. Longby bryandowningqln2
BTC daily Fib mapped outconsolidating in a range and BTC cycle looks like above 100K is programmed. Longby seriousLeader641731
BTC LONGExpecting price to form strong support if it pulls back to this figure level @70000 and continue trending.Longby newsy1
The CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming. With a horizontal neckline coming in at around $47.5-48k It gives us a LOG projection north of $140k Draw it out yourself and see :) A linear target would be much more subdued and give us a $80k target And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow. That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level) But lets's be optimistic and aim high but recognise the value of having BOTH targets in mind. @TheCryptoSniper Thank you for your ongoing education and dedication to your craft.Longby BallaJiUpdated 151537
#Bitcoin regression trend analysis to determine end of bear..with extended trendlines we don't need to be heros's as speculators Patience and letting price action CONFIRM a trend change is CRUCIAL .... Encouraging signs nonetheless!by BallaJiUpdated 332
#BITCOIN will be a King Maker again.And Knight our precious #ALTS Things we are looking for 1) The major Trendline to come in as support, like it has done before maybe it's @ FWB:23K , maybe it's a time based, sideways consolidation from here? But do u see the upper trendline coming in as resistance . Significant resolution is coming soon. 2) higher low on the RSI , confirm the bull trend with a reading that doesnt get too over sold. 3) and the MACD to dip slightly but slowly turnaround and maintain a positive stance for about 18 monthsby BallaJiUpdated 226
Bitcoin #BTC The key level to launch the Bull market...is $34500 The 50% drawdown level from the previous cycle laugh let see if it can repeat the 3rd time We assume this is going to happen leading up and post #halvening But open to a quickening of this timeline because #ETF news driving the hype even quicker Longby BallaJiUpdated 5510