BITCOIN BULLS ARE BACK !Referencing my chart, its imperative for bitcoin to make new highs. 75000 is the next price for TP. The price has the answersLong05:42by VISIONARYFOREX3
Control of EmotionsTrading in the cryptocurrency market often resembles a marathon where everyone aims to be the first. Unlike running, where there's only one winner, multiple traders can succeed in the crypto marathon. However, success in trading involves serious psychological work, which we'll discuss today. Everyone aspires to achieve their goals and be successful. Beginners in any field need to go through a learning curve, gradually honing their skills. The crypto market is not about luck; it requires constant self-improvement, learning from mistakes, and analyzing actions. The psychology of crypto trading involves a set of rules, methods, and actions to ensure successful trading, profit-making, and minimizing unavoidable failures. A professional trader approaches trading with a focus on results and a realistic assessment of risky situations. Financial success, in the form of net profit, is the ultimate goal. Let's explore the basic psychological tools used by professionals for successful trading: Always at Hand The whole world of cryptocurrencies is in your pocket. Don't Think About Defeat When starting a trade, don't focus on potential losses. Such thoughts set you up for failure from the outset. Be confident and avoid dwelling on the fear of making mistakes. While mistakes will happen, treat them as valuable lessons and continue improving your trading skills. Visualize Although not a scientific method, psychologists emphasize the importance of visualization. By visualizing success, you can block out fears of making mistakes and focus on achieving your goals effectively. Visualize yourself executing your strategy professionally and accurately, then act accordingly. Be a Recluse Cryptocurrency trading is a solitary activity. Ignore other people's opinions and avoid external interference. Your forecast accuracy will improve when you analyze market situations independently, without relying on others' advice. Self-Realization Comes First While trading in the crypto market is finance-related, view it as a creative process that should bring you satisfaction. Be confident in yourself and your success, and see trading as a means of self-fulfillment. This mindset will help you navigate the chaotic and unpredictable market as a tool for success. Think About the Risks Never risk funds you aren't prepared to lose. Consider potential losses when creating your strategy. Stick to your loss limits, even if the temptation for larger trades is high. Sometimes, multiple small trades can be more profitable than one big trade. Discipline Avoid reacting to sudden emotions or news. Trade according to your pre-developed plan without deviation. In trading, discipline is synonymous with success. This is particularly crucial for novice traders, as the volatile market often puts psychological pressure on them. Control of Emotions Monitor your emotional state and avoid trading when influenced by certain news or events. Emotional trading leads to losses. If you notice impulsive decision-making, take a break to calm down. Vacation Everyone needs breaks. If emotions and feelings drive you, take a break and avoid thinking about trading, assets, or cryptocurrencies. Engage in activities you enjoy and spend time with loved ones to recharge. Statistics Keep detailed statistics. This advice is valuable for both beginners and experienced traders. Record the number of transactions per day, profit and loss balance, positions, and other indicators. Analyze this information weekly. Statistics are a great way to create an effective strategy. By incorporating these psychological tools, traders can navigate the cryptocurrency market more effectively, enhancing their chances of success and minimizing losses. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"! Educationby Crypto4light4
Short term short is possible on the if it breaks and retestIm bullish and expecting the sweep of the lows before the continuation up. So meanwhile Im monitoring for the short trade. A break of structure and retest is my sell signal. Bullish Idea 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 ⚔Shortby Dave-FX-HunterUpdated 2
BTCUSD LONG to $100,000?Dear traders! BTCUSD is ready to buy the breakout, with huge buying pressure at around 70,000 USD after the breakout and holding the price until now. Accordingly, the classic cup-with-handle pattern holding the price has been confirmed, theoretically the price will quickly break the resistance level of 72,000 USD and strengthen further. Therefore, we can LONG BTC to 80,000 USD and 100,000 USD! Good luck for your trading.Longby Bitcoin_SignalsUpdated 8833
BTCUSD: Short -term buyingBTCUSD Trading Strategy: In the short term, on the 1-hour chart, BTCUSD is showing bullish momentum. I anticipate we will set up buy positions around the support levels of $68,800 - $68,200. The 34 and 89 EMAs continue to support buyers in the technical picture. Let's wait and be ready for our setup, and don't forget to set your take profit (TP) and stop loss (SL)!by Raz_TradingUpdated 2727104
Bullish bounce off 38.2% Fibonacci support?BTC/USD is falling towards a support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 69,678.11 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 68,439.59 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 71,960.46 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets6
BITCOIN You might not be ready for such June!Bitcoin (BTCUSD) is doing it and yet again it is going under the radar for some. The price broke out yesterday from its short-term Falling Wedge and as we showed you is extending the Bullish Leg of the Channel Up. Zooming out to the 1M time-frame, we can see that May closed in gains (green) and since August 2023, there has only been one month of losses (red 1M candle) and that was April. Even though that injected some uncertainty to market participants, we clearly see on this long-term chart that sporadic 1 month losses are very common in Bull Cycles, especially during parabolic rallies. In fact they are essential as they create the right shake-out conditions to keep fueling the rally. The symmetry among BTC's Cycles is remarkable and right now with the 1W MA50 (black trend-line) in deep support, it is attempting to get detached from the Mayer Multiple (MM) 1 SD above (grey trend-line), much like it did on October 2020 and April 2017. Based on that, we are looking for the rally to extend to at least the end of the year and reach a Target Zone within $150k - $200k within MM 2 and 3 SD above (orange the red trend-lines respectively). Last but not least, take a look at the 1M RSI, which is also on a symmetry with the previous Cycles and once it touches the Lower Highs trend-line, we should consider to start taking profits regardless of whether of the range the price might be at the time. But what do you think? Are you prepared for a 'hot' June and if yes, how high do you think BTC will go? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot5575
Bitcoin: Push Back To 70Ks?Bitcoin support at the 66K area continues to hold and may be the higher low (wave (iv)) that may lead to a higher high over the coming weeks (see illustration). In order for a dramatic new high like 80K to be tested, price needs to prove itself by clearing 73K first. The key to navigating this is to WAIT for the market to provide evidence (confirmation), NOT get stuck on an opinion about the future. Even though the broader trend is bullish, UNTIL it breaks out, it is within reason to expect the consolidation to continue. Recognizing the support/resistance levels within broader consolidations can help to uncover numerous opportunities, especially on smaller time frames. For example, while I consider the 66K area a minor support on this time frame (see arrow), this location is a great spot to anticipate longs on day trade time frames like the 1 or 5 minute chart. When using such levels as a form of context to guide decisions, traders often do not understand how to shape expectations relative to the magnitude of the time frame. For instance, price movements on a 1 minute chart are typically smaller than a 5 minute or 1 hour chart. Knowing this should shape expectations in terms of reward/risk. This is one of the problems I aimed to solve when coming up with the idea for Trade Scanner Pro by automating the exit points using the average true range (ATR). The same can be said about the 70K whole number resistance area. This is an ideal location to WAIT for sell signals, whether to take profit or an aggressive counter trend trade short. Again the location provides a point of reference where we can anticipate a particular price behavior or opportunity. It is up to the MARKET to confirm and even then, there is a chance it can get stopped out (markets are mostly RANDOM). My analysis is meant to shed light on a select range of possibilities over the coming week for day and swing traders. I have to remind people of this because many come to these articles expecting to gain knowledge of the future. It will take some time to realize effective risk management has NOTHING to do with where price will be in the future. There is no way to forecast the future accurately, ESPECIALLY using the limited information that is available on charts. The idea is to help you prepare for potential opportunities that I believe have a greater probability of a positive outcome because of the price location relative to the trend. The MARKET decides what scenario will play out, not me or anyone else. To align with the market, we must have a passive mindset, good listening skills and the ability to admit being wrong QUICKLY, especially on smaller time frames. So here is how to prepare of the coming week: IF the low 66Ks are tested, look for longs, IF 66K breaks, avoid longs and reevaluate new levels. IF 70K is tested, look to take profits, or consider aggressive shorts (counter trend). IF 70K is cleared, watch for test of 73K. How you navigate your positions is a function of your risk tolerance and personal style. Most importantly, let the market do the THINKING, you simply adjust to the new information as it appears. Thank you for your considering my analysis and perspective. by MarcPMarkets99111
June 11 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. Tomorrow is the day when the CPI meets on Wednesday evening and the FOMC meets on Thursday morning. There is no separate indicator announcement from NASDAQ today. The beat alone continues to decline. In the long run, Bitcoin is on the rise, but From a mid-term perspective, just the two of us with Tether Dominance An endless power struggle continues. It seems like the direction will be decided tomorrow rather than today. The section where the rising pattern breaks in tether dominance and Based on the recovery of Bitcoin's medium-term pattern I created today's strategy. *Sky blue finger movement path Two-way neutral Short -> Long switching strategy 1. Short position entry area of $67907.5 / Stop loss when the pink resistance line is broken 2. Long position switching at $66795.5 / Stop loss when the green support line breaks away 3. $68,700 long position primary target -> Top secondary target After a vertical decline in an ambiguous position on the Bollinger Band 6-hour chart There was no clear short position entry point. You can operate as a short->long or long position waiting strategy. If you touch the bottom first, the green support line is $66795.5. The long waiting period can be in contact with the Bollinger Band daily chart support line. It becomes a seat. In that case, it is directly connected to the downward trend line. Bottom -> You can deviate significantly from section 1. You must be careful. Today I shook it moderately. After connecting after tomorrow, from CPI I think we need to come up with a new strategy. It's hard to explain, but as I left a comment, For beginners or those who only operate spot exchanges, I think it would be a good idea to run it after CPI and FOMC. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank you by BitCoinGuideUpdated 3
MultiTimeFrame Monitor BTC/USD 24hrsStarting today, we will publish some of our studies based on the continuous monitoring of BTC/USD. All these studies will be identified through interpretations following the analytical paradigm of Fiboclouds, corresponding oscillators, and related tools. Different analyses for different timeframes according to the opportunities identified in the charts. So let's begin with an opportunity identified on the 60-minute chart. If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened. This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far. Follow us to receive notifications of new trades as well as frequent updates on ongoing trades. Finally, if you agree with the idea or found it useful, please give it a BOOST so that it can reach more people! Thank you!Shortby ethostraderUpdated 2
Will Bitcoin ever break above it's old trend line again ? The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in the recent crash of this year it has broken below. It did break this upper band support once before it the covid crash of 2020 marked with the orange circle. Price action broke through but as we can see it quickly recovered and held as support into the eventual bull run. This sequence of events seems to have left us a couple of clues, being the first time there was a substantial breach of the bottom and the bull run not hitting the top. I think yes, it could telling us that Bitcoin is now transitioning {reset} to the lower part of the band and it's most likely could be the new trending range. To confirm this theory we need two touches, one on top and one on the bottom. In my opinion the only questions that remains is which line will be touched first and what will be the path. I do believe the top of this lower band could be the top of Bitcoins next bull run and the bottom of could be the bear market, of course only time will tell. I do not believe we ever go to top of the band ever again and could possible be the new resistance point for future bull market tops. Just purely on looking at this lower band and assuming that we have a new bull market that tops in March of 2025, price point is showing a possible of just over 200k top. My speculation is bitcoin moves towards the top first and then touch the lower part of the band later next year at relatively the same price point as now which would mark a double bottom that ultimately sparks the new bull run. There is only one thing for sure, Bitcoin will surprise everyone. Keys to look at is the stochastic RSI. this will show which way momentum is going. This is not financial advice and should not be taken as such. it's an observation. Thanks for looking and leave comments below. Editors' picksLongby WeAreSat0shiUpdated 113113935
just a paper trade to short btcbtc could jump off the cliff, ascending triangle is a bearish pattern. it about probability not magic crystal ball with 100% predictionShortby Cyborg0092
June 13 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There will be two Nasdaq indicator announcements at 9:30 a.m. After leaving a lifeline behind Yesterday’s long position switching section Purple Finger is maintaining $67010.5. I think it would be too complicated if I explained the strategy in detail. We will simply go long and die together. *Red finger movement path Long position strategy 1. $67367.5 long position entry area / stop loss when breaking away from the purple support line 2. $69,794 1st target -> Good 2nd target Number 1 at the top is an upward lateral movement. Starting from number 2 at the bottom is the danger zone. After the Bollinger Band touched down today There has been no time to enter a short position yet. After a downward wave, when it falls to the bottom You can continue to connect up to section 3 at the bottom. Those operating long positions should be careful. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank youLongby BitCoinGuideUpdated 3
Maybe you need this analysis and advice!BTC/USD trades to a fresh monthly low ($66561) following the failed attempt to test the April high ($72727). BTC/USD Outlook BTC/USD fails to defend the opening range for June as it extends the decline from last week, with a break/close below the $62780 (100% Fibonacci extension) to $64850 (23.6% Fibonacci extension) region raising the scope for a move towards $57590 (78.6% Fibonacci extension). Next area of interest comes in around the May low ($56,525), but BTC/USD may face range bound conditions amid the flattening slope in the 50-Day SMA ($65954), with a move above $70000 (38.2% Fibonacci extension) bringing the April high ($72727) back on the radar. by Machine-traderUpdated 2
BTC.X Bitcoin Downside TargetsBTC.X Bitcoin Downside Targets Could go deep from here. 200W moving average is my bet over the next 6 months but there’s a lot of great targets here to keep in ming… Shortby SPYder_QQQueen_Trading2
BTCUSD Uptrend Line Rejection at $69479.94. 10.06.2024Uptrend line rejection in BTCUSD 1-hr chart at $69479.94. If rejection holds: Target 1: $69832.31. Target 2: $70534.34 if $69832.31 is broken. If rejection fails: Target 1: $69279.98. Target 2: $68846.37 if $69279.98 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_Academy2
Bitcoin sellBitcoin has made another lower high, now is the opportunity to sell with the stop loss just above the last high Shortby gon08Updated 114
BITCOIN ( BRAKING TURNING LEVEL )BITCOIN Tendency the price is under BULLISH pressure at 67,241 Turning level : The turning 67,241 , so as long as the price above this level, there will be a bullish trend resistance level : the trading above the turning level 67,241 , the price will rise to 70,059 stabilize this level , there will be reach 72,154 and 73,154 support level : The trading stabilizing below 67,241 , the price will reach the support level of 64,764 corrective level : price will attempt 67,241 , correct itself before rising Longby ArinaKarayi3
More room to move down to 64k64k is in play on this leg down, getting close to a squeeze on daily trend lines.by ason9Updated 2
One more trip to low $60Ks. Then Off To The Races.One possible scenario I'm watching. One more little dump within the current range, just to confuse and frustrate everyone and try to get a few more cheap sats out of us. Then convergence of the bull flag and inverse head and shoulders... rip upwards. Target $90,800.Longby funtimesUpdated 10
Bitcoin Forming a Double Zigzag (WXY) for Wave 2 We can count a zigzag down and a zigzag up, implying that we should still have one more push down, likely another zigzag, before the end of wave 2. Shortby epistemophiliac3
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.by SaeedSalehiniaUpdated 4424
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