BTC - M pattern target 44.000 usdM pattern target 44.000 usd So many trades are bullish, but now we are the top and we need correction to 44.000 usd.by MladenJelic114
BITCOIN BEARISH BREAKOUT|SHORT| ✅BITCOIN broke the rising Support line and the breakout Is confirmed so we are bearish Biased and we will be expecting A bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx224
BTCUSD: High chance to see 75k+ soon. Here's why!Please see previous btc ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 7712
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 1118
BITCOIN IN A DOWNTREND With the new creation of a Lower High (LH) and Lower Low (LL) on the H4 chart, the bearish expectation remains intact. Now we must wait for a rejection of the current zone to continue that movement. It is crucial that the daily candle closes below $65,900; after that, we need to watch the $65,200 area, where there is strong support that must be broken decisively to continue to the target of $63,850.Shortby EduardoJE222
PRICE TARGETS $80k/$85k Next Price targets. Head and shoulders white zigzag. Two red smart money trendlines which were retraced means price travels along the trendlines created by whales. Green rectangle is the price ranges. Pink price candlesticks means uptrend. Highlighted with square pink blocks Many may not believe or are in doubt but price is headed upwards. Longby The_ForexX_MindsetUpdated 9929
BTC Cycles & TA: 6/18/24Minor updates and target to keep a close eye on in order to see if we rally or break down further... we have 12 days to go. 12:39by Majorcycles113
BTC bottom in January is identical to nowI clearly label everything so you can see that the January bottom setup is almost identical to now. First we have the moving averages distances including the 50/100 EMA crossover. Then we also have the bullish full moon which happens to begin tonight. Find out soon enough if the bottom is in now. Longby TheUniverse618Updated 113
BTC weakness and updateThis is my untouched chart since BTC was 15k. The cup and handle played out and this momentum trend line was been mostly respected since Oct 23rd. I expect at least a test of the purple line, my first downside target that is the dotted red has already been reached. A more likely flush out zone is the 20EMA which is the red line I drew the arrow to. In the coming days/weeks this line will slowly come to current price action. This coincides with the base of the two candles I highlighted in the red rectangle. To me this area makes the most sense as a base for this draw down on a weekly time-frame. -I expect flushes below this on dailies/wicks -A boring summer now with less volatility until maybe end of August -A longer cycle with a higher cycle highShortby Apollo_CB112
Bitcoin Aliens and the Lunar HeistThey are here and taking bitcoin to new heights, but not before a few cosmic tricks.Longby shenanigansUpdated 111
We are here! Bitcoin Price Analysis with #AndrewsPitchfork Bitcoin Price Analysis with Andrews Pitchfork Chapter 1 # Andrews Pitchfork is a tool used in technical analysis to identify trend channels. It consists of three main lines: median line, upper line (resistance line) and lower line (support line). These lines are used to determine the direction of the trend and potential support-resistance levels. 2. Starting Points: Three important points are chosen when creating Pitchfork: - The first point is usually a major price reversal point (around 2021 on the chart). - The second and third dots represent subsequent price transformations. 3. Main Line: The middle line represents the center of price movement and the price usually moves around this line. This line, shown in blue on the chart, determines the long-term trend of BTC. A movement of price along the middle line is an indication of a strong trend. 4. Upper and Lower Lines: The upper and lower lines determine the potential limits of price movement. These lines show potential support and resistance levels of the price. These lines, shown in green and red on the chart, determine the possible pullback or rise points of BTC. 5. Trend Lines: A few more trend lines in different colors have been added to the chart. These lines show certain trends of price movements in different time frames. For example, it shows the upward or downward trend over a particular period. 6. Price Movement and Reactions: On the chart, one can observe how the price of BTC reacts to the middle line and other trend lines. The fact that the price movement reacts to these lines and stops or turns at certain points indicates that the lines are correctly placed and valid. Summary This analysis is used to predict potential future price movements of BTC. Andrews Pitchfork is a powerful tool for identifying long-term trends and possible support-resistance levels. The lines shown on the chart show at what levels the price of BTC may move in the future and at what points it may encounter support or resistance. --- Chapter 2 # 1. Starting Point and Pivots: First Point (Pivot 1): This point marks a major price reversal point in early 2021 on the chart. This is Pitchfork's starting point. Second Point (Pivot 2): The second point was chosen as the bottom point determined after the first price drop. Third Point (Pivot 3): The third point is determined as the point where the price rises again and reaches a peak. These three pivot points form the outline of Pitchfork. 2. Main Line: This line, shown in blue on the chart, represents the average trend of price movement. It can be observed that the BTC price moves around this line. The middle line represents the center line of the trend and the price is seen touching this line frequently. 3. Upper and Lower Lines (Resistance and Support Lines): Upper Line (Resistance Line): The upper resistance line determines the upper limit of the BTC price. This line shows resistance levels that the price could potentially face. Lower Line (Support Line): The lower support line determines the lower limit of the BTC price. This line shows the support levels the price could potentially find. These lines help identify possible retracement or uptrend points of the price. 4. Trend Lines: Trend Lines in Different Colors: There are several more trend lines shown in various colors on the chart. These lines show trends and movements of the price over different time frames. For example, red and green lines represent up and down trends over specific periods. 5. Price Reactions: On the chart, one can see how the price of BTC reacts to these lines. Price action frequently touches the midline and other trend lines and encounters support or resistance at these points. This indicates that the Pitchfork lines are placed correctly and are valid. Pitchfork's Importance in Visuals Specially Long-Term Trend: This Pitchfork was used to analyze the long-term trend of BTC. Price movement along the middle line indicates a long-term uptrend. Support and Resistance Levels: The upper and lower lines are used to determine the potential support and resistance levels that BTC may face in the future. These levels provide investors with important decision points. Price Targets: Pitchfork's upper and lower bounds indicate possible price targets that BTC could reach in the future. These goals can form important strategic plans for investors.Longby cihatk111
Some of the latest trading advice on Bitcoin!BTC USD Bullish Sentiment a. BULLISH Back to 67.7K to get out (LAST CHANCE BEFORE WE KISS NEUTRAL AND GREED METER GOODBYE) b. BULLISH to repect MA and Trendline retracement. c. Shortterm Bullish to BULL trap and feed bears! Bearish Sentiment a. MStrat just bought; money for sharks and scalpers. b. Increasing interest to short the market due to inflated balloon of longs. c. Sharp knife drop eminent once we receive a capitulating news somewhere 66 67 and 68k at least d. This knife drop will give you 3 candles signal in 1D tf. and a clear patterns in 4hr down to 15hr tf. e. It will fail to reclaim a higher price than 68.8k body close. 69K is too funny to reclaim especially with a strong candle close in weekly. No one can predict that if that happens. by Thebest-traderUpdated 112
BTC/USD will be bearish soonA little push back downside and a pullback upside to clear the the liqudity zone , then before continue the downtrend .Shortby kelly_wise111
Other said Bullish.. But let me SHORT it nowBTCUSD is on the edge, it is on the upper trendline, on the fibo levels, and from EW perspective, it's on the end of wave B, get ready for wave C, to 50,000ish. Cheers! Shortby steveivanUpdated 445
Watching Stoch Rsi on montly As you see in bitcoins history if the fast and slow line break the trendline at about 75 bitcoin dumps anywhere from 70-85%. keeping a close eye on this monthlys close and this trendline. if both lines dont break and the blue breaks above were likely to see another big move to the upside. Very telling monthly close this month keep a eyeby VinnyDiben221
btc LONGLast try longing btc. Looks solid here, multiple sweeps. Hold these and we are good otherwise big dump Longby Btc_y_tho221
BITCOIN Will Go Down From Resistance! Short! Here is our detailed technical review for BITCOIN. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 67,066. Taking into consideration the structure & trend analysis, I believe that the market will reach 65,026 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 224
not looking goodNot a good start for the weekly. Let's see if this paints a higher low.Shortby chewbaca11111
Ready for impulseI my opinion BTC is about to go higher after what seemed to be a corrective move. However, I don't trade crypto, this is just me looking at the charts and price action, every market has its behavior. Longby yann2zenUpdated 663
BTC Plan of ActionLooks like BTC and DOGE have traded places in space-time. They're following each other in a warped calculation that I found after many hours of deliberation. I don't know if this is right but its why I originally thought the entire market would crash. However, then the rich would also lose billions. Doge was created to balance the market out, and, when needed, come out of the bottomless pit when BTC went in to take place as king crypto while BTC retraces. I fully expect DOGE to hit $1.50 - $1.75 before this is over and tank as fast and the same way as BTC does nowShortby Antizma220
inverse head and shouldersinverse head and shoulders on BTC looking for a breakout around 70,800/ Tatget is 86,000!! LETS GOOOOOLongby EMPIRESTATE14667
BTC potential sell setupI am seeing a possible drop of BTCUSD from the last low and I will be waiting for a retest, to go shortShortby solomonfortune6331
BTC plan for summerBTC prices have been consolidating below the monthly resistance for almost 3 months. This is bullish. In my opinion, a bull flag is being formed. My strategy is as follows: If a monthly candle closes above the monthly resistance trendline, it's a BUY signal. A better BUY would be when price falls to the lower range of the current flag, around $57000 - $59000. Actually, I'm waiting dips at lower prices to increase my bags. But I'm ready for both scenarios. My mid-term take profit will be around $100,000 when prices hit the long-term weekly trendline. For long-term target, I've already posted my analysis (see link below) with cycle target around $120,000 but this would be ajusted to higher one. I may update this long-term analysis in the future. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control. Longby evasivesteeringUpdated 10