check the trend It is expected that the price will decrease according to the specified path and then the beginning of the upward trend will be formed. If the price crosses the resistance range, the upward trend will continueby STPFOREX1
Periodic Secondary Cycles BTC (Educational)Bitcoin has many fractal cycles. Lets take a look at a few of them. The macro up cycles typically last around 100 days, while down cycles average 80 days. When an up or down cycle consists of multiple counts, a short-term small reversal connecting consolidation bridge provides a more nuanced view of the market's rhythm, helping us refine our understanding of the cycles at play. With confluence, accuracy and confidence increases. Interestingly, the new cycle starting on June 2nd coincides with the 80-day mark from the beginning of the down trend. However this cycle is unrelated to the 100/80. It is a wave calculated precisely, repetitively and predictably upon astrological degrees, specifically relating to Venus as professor Weston termed it the periodic secondary time keeper.by EsotericTradingUpdated 111
Bitcoin Wyckoff - If we are bear......then I expect us to look something like this. Gut feel says bear due to all the good news are already out, yet we are here at 63k and not 70k. Trying to keep an open mind as usual. Good Luck. by SellBitcoins2
$BTC about to flyClear bounces off the trend here, ETF flows are online. Number go up 🚀🚀 Calls on 60% AMEX:BITO 30% NASDAQ:MSTR 10% NASDAQ:RIOT thru Nov 2024Longby rfusseryiii1
BTC/USDIf you're considering trading BTCUSD, now might be the time to open a short position. The current price is 63587. Setting a stop-loss at 64350.00 could help manage risk. For potential profit-taking, consider three target prices: 63180.00, 62750.00, and 62040.00. Each target represents a level where you might consider closing your position to lock in gains. Keep in mind market conditions and your own risk tolerance when executing trades. Good luck with your trading strategy!"Shortby FOREX_trade_01Updated 133
Update on BTC Inv head and shoulders pattern.As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since it never did on the initial breakout above the neckline, but its also fairly probably that the 20ma or dotted measured move line can hold support. We will find out most likely before mid june if there will be any deeper correction before resuming the uptrend *not financial advice* by DrDovetail1
Bullish confliuence on the btc falling wedge & bear flag targetsWe can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very encouraging bullish confluence. The wedge being on the monthly time frame is more powerful than the bearflag which is on the weekly timeframe and the wedge has already confirmed a bullish break greatly increasing the likelihood that the bearflag which is a weekly timeframe pattern will also have a bullish breakout. To add to this the flag of the bear flag is a falling channel and those types of channels tend to break bullish far more often than they break bearishly. Bearflags usually only break up instead of down at the end of a downtrend or beginning of an uptrend as well, so if it does break up it is a very good sign that bullish momentum has control. One last thing that increases the probability of a break upward instead of downward is the measured move target for a break down from the bearflag is an impossible low negative number. All this combined I think we should see it break upward, but for the target to identically match the wedge target it is gonna need to break above the channel of the flag by the next 2 weekly candles. If this can happen then we are pretty much guaranteed the bottom is in. *not financial advice* Longby DrDovetailUpdated 8
The Full Monthly Chart Bullflag on BitcoinUsd PairJust as an addendum to my chart I just posted on the measured move target for just the channel portion of this bullflag, I wanted to include an updated visual for the full flag and its breakout target which is pretty much just ever so slightly below 100k. Will link the previous relevant chart ideas below. *not financial advice* by DrDovetailUpdated 2
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Dropped below $62,580 support following bearish engulfing on last 4H, Currently trying to regain $63,144, RSI on 4H and 1D looks fine, Previous 1D closed bearish, $61,674 current support area, Needs $64,344 support to reattempt at $65,521-$66,323. by limitlessnash1
btcAs long as the red box is not broken, it can see any of the lower green boxes and we are currently moving in the yellow area. Note that I expect a move from zone 4 and if zone 4 is broken, again It will be updatedby hosseinghaffari670
BTCUSD Bullish TrendThis Chart shows a bullish Trend as their is Divergence in RSI Indicator Entry Point (Buy Stop):65750.07 Stop Loss:61817.56 Lot Size:0.000001 TP1:69682.5800 TP2:73615.0900 Longby Azeem2080
BTCUSD BUYPDL and ARL has been swept, we have displacement to the up side followed by a MSS, IMB and a Breaker. we enter off the IMB our stops below the low our target 1:2RRR lets see what happens.Longby Billionairegroup_co0
BITCOIN SELL IN HALVING TIME BEFORE IT BULLRUNBitcoin halving makes Bitcoin more scarce. This can increase the price of Bitcoin and make it more attractive to investors, both retail and institutional. If you are an investor then be patient as the adjustment in the fair price of bitcoin continues. But for those of you who are futures traders, take advantage of the sell moment for current conditions.Shortby herrylistonhutapeaUpdated 1
Short BTC when halving is already in priceNot to repeat, dangerous for the deposit. Short from the current price, TP is marked with yellow dotted lines, SL at closing above 68840 at 4h.Shortby TottiVincenzoUpdated 3
BTC 4hr - Alternative ViewIn addition to my 1D bull flag chart, here's my 4hr chart. Trendline galore.Longby AdvancedPlays112
BTC Bull FlagBTC is forming a bull flag on the 1D chart. It has shown some weakness after rejecting off the top end of the flag recently, but given that the halving has just completed and after seeing it hold on a fakeout below GETTEX:59K , it looks primed to go on another extended bull run up towards $100k.Longby AdvancedPlays111
BTCUSD - Bullish TrendBTCUSD Bullish breakout with divergence on 4H, is it start of a Bullish Trend? Entry, Stop Loss & Take Profit are mentioned.Longby Umair_AmjadUpdated 3
BTC / USD Monthly ChartHello traders. So here is where I am at with Bitcoin. The month after almost every halving is usually bullish. Saying that, I am looking for $60,600 to hold as support for Bitcoin to start the move up. I am bullish, and I am looking for Bitcoin to hit $90k or better before the month of May 2024 is over. I have consistently bought any dip of 10% or more. So I have added to my holdings 3 or 4 times as of this writing. Big G gets all my thanks. Let's see how things play out. Longby musclemilk0075443
Btcusd sellTriple top signaling bearish pressure, higher low and higher high was form suggesting bearish movement, reaction at resistance line, order book was rebalanced from the new bullish trend , so now we'll need sellShortby seanstone12241
Up or Down?This chart is meant as a record of my thoughts and observations for learning. I appreciate your opinions. I've been tracking what looked like a broadening rising wedge/ bear flag when I noticed what appeared to be a W pattern printing on the RSI, that later printed into a H&S pattern. The H&S pattern then turned below the neck line, then lingered there indecisively. Meanwhile price action went sideways. Will PA make a new touch off the top of the broadening wedge? If so will it violate statistics and turn north or crash through the bottom of the wedge to kick off the next leg of the downward move? If PA does not make a new touch off the top of the pattern, then obviously we know down is the direction it will go. Happy trading.by theothermurph5111
Bitcoin bull or bear?the support 57 is very important and i think this setup is good for long positionLongby mr_morteza0
2024-05-07 - a daily price action after hour update - bitcoinGood Evening and I hope you are well. Most indexes closed around their opening prices and that’s as neutral as it gets. Dax squeeze party goes hard again. I do believe with all my heart, buying long term shorts here at 18500 is an absolute no brainer of a trade. It’s also mathematically as sound as it gets. You decide what sounds better. Get an 2x or 3x dax short etf and bet grannies house to get 2 houses over the next 1-2 years. bitcoin comment: In my weekly outlook I gave a fractal thesis why we could turn around again due to the daily 20ema. Right now we got 2 bear bars on the daily chart but they look weak at best. Bears need a strong daily close below 62000 to convince me but as long as we don’t trade above 67000, bear thesis lives on. current market cycle: Very weak bear trend - if bulls trade it above 67400, it’s a trading range key levels: 56000 - 67000 bull case: Bulls keeping this above 63000 and bears below 65000. Market just moves sideways, wait for clear impulse. bear case: It’s a trading range and I don’t need to pull stuff out of my ... to fill this page. Bears need prices below 63000 with follow through below 62000 for this to be on it’s way to 50000. short term: Sideways for W4 before W5 brings us down to around 50000. W4 should stay below 65000. -> Updated 63000 to 65000. medium-long term: down to 40000 (could take 3-6 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged trade of the day: Buy 63000 and scalp. Clear support and you have to take advantage of it until it clearly brakes. by priceactiontds0