Bitcoin might reach 90,000 before..17/June/24BTCUSD currently probably at wave (B)(Green), a second leg an expanding flat pattern (A)(B)(C) (Green) in wave B (Yellow Circled). by SteveTan112
Is Bitcoin about to rally to $110-120k ??Very probable. In the next 6 to 9 months. This idea is a continuation from the idea: ‘Is Bitcoin about to collapse to $20k ??” published back in December. You can read it here: tinyurl.com Previously the $20k target was based around the idea of a wave 4 Elliot wave correction. A strong sell signal on the weekly. Now everything is in reverse. Wave 5 rally seems highly probable with a strong buy signal. Actually this is the first ‘incredible buy’ signal I’ve seen on a weekly chart of Bitcoin, no matter the exchange. I can hear it already: “This isn’t a wave 4 correction, it’s a bear market!!” Yes and no. Yes, technically it is a bear market, but crypto winter? No. This is just a heavy wave 4 correction like we’re seen in other cycles, such as: 1) July 2019 to April 2020 2) April 2013 to August 2013 Both corrections were around 75%. What you’ll notice is the rally that followed each of those corrections was particularly strong. ** Lengthening cycles ** I’ve a big fan the lengthening cycle theory first brought to my attention by the Youtube Benjamin Cowen. If you overlay the theory with pervious cycles you find the market top for this cycle is 6 months earliest 9 months latest. The increasing lengths are shown on the above weekly chart. How does rally play out? As per the weekly chart below, a rally to the $48k level before September. There’ll be an excellent swing trade opportunity around this time. And then off to the top. What are the fundamental reasons for all of this happening? Risk assets all over are about to do the same. We’re told a recession is coming if not already in one (depending what country you’re in) with an environment of rising rates. Obviously the two cannot coexist, the FED will have to pivot if economies are showing slow growth. When the herd get whiff of a rate pivot.. The other half to this explosive growth is slowing demand in the face of peaking inflation. With the rate rises everyone has started to watch the pennies at the exact same moment retailers have overstocked. There’s no question inflation has peaked and will likely now come down hard in the months ahead in an environment of rising rates. The combination of rate pivot and falling demand is a unique set of circumstances you don’t see very often. You’ve got to look back decades. Questions? Just ask below! Ww Type: trade Risk: <=40% of portfolio Timeframe: 6 - 9 month Return: 6x Weekly chart Longby without_worriesUpdated 824824781
Bitcoin until end July-25Hello traders, Here I am sharing my thoughts 💭 on BTCUSD up to end of July with main 3 price levels for long term trading, I think Bitcoin is around its top for 2024 and will be on downtrend up to May 2025 good luckShortby Eymen-GUVENUpdated 151512
BITCOIN ( ATTEMPT TO RETEST IN FVG BEFORE UPWARD )BITSTAMP:BTCUSD HELLO TRADERS Tendency the price is a long pressure in 64,122 FVG : The price FVG between level 64,122 and 62,968 , so as long as the price above 64,122, it will be attempt to resistance level , braking 64,122 touch 62,968 , stable below this level it will be attempt to order block ORDER BLOCK : the price in order block between 61,974 and 61,365 so it will breaking 61,365 the price attempt to bearish area RESISTANCE LEVEL: price trade above FVG at 64,122 , the price will rise to 66,539 , stable this level reach 68,364 SUPPORT LEVEL : the price breaking 64,122 , it will reach the support level of 62,968 then stable this level reach to 61,122 and 61,365 CORRECTIVE LEVEL : price will 64,122 , correct itself before long I HOPE YOU A PROFITABLE DAYLongby ArinaKarayi112
BTC Price Action SoonCRYPTOCAP:BTC Micro level pointing to a downside? Fib retrace, in a volatility funnel, shows a target of 51k. Macro target is still 95k. If the micro fails and hits 51k, the volatility funnel to the upside would be similar to the macro target. BTC likes to blow through targets. September trough February may be interesting.by President_Tireiron111
BTC challenging with time for arrived 85000$I think 64000$ the most important zoon for supple or demand.by bashir88111
BTC Elliott WaveBTC is in downtrend workin on wave 3 wit a target of fib level 2 at 61750 it will bounce to the bigger downtrend channel (Orange) midline in a wave 4 and then impulse down to the larger timeframe base channel bottom (Purple) at around 56.4k in a wave 5. will get an abc correction upside and if we dont break swing high we will start a new set downward with target around 47k . dont be stupid and hold too long we are in a clear downtrend Shortby member_berry111
BTC RANGE BIAS, WHAT'S THE NARATIVE Please bear with me here, this is a place for me to document my trades so that I can come back to understand my mindset. enjoy so, there has been a contraction in BTC, which has been slowly dropping. note though that the banana zone will drive this asset higher. one thing to notice as well, Nasdaq is being driven higher and higher while BTC is consolidating. so, at the moment, money is being diverted from internet gold to tech stocks which could be a catalyst of " where attention goes, money flows" Good luck for the next 6 months #Techstocks #BTC by lunster110
BITCOIN: Interest Rate Unchanged - What's next?The interest rate remains unchanged while the BTCUSD price is struggling at a trend resistance. The Fixed Range Volume Profile confirms the strong resistance at $69.5k. BTC is now aiming for lower highs (confirmed today) and lower lows, with the next short-term support being located at $64k. My short position is open. Cheers, AresShortby ARESABIUpdated 1113
WICKS read stories & LOW ATR means BULL POWER Wicks play book stories and body candles tells us the facts = PRICE ACTION See prior ATR vs now. See the up move from before and what is expected next. When ATR taps the moving average, candles move up into SPACE. See for yourself BULL RUN has been placed on hold just for a moment, not because of ATR, but because there’s a dump hold. Not sure why. Not all data is displayed. When I said BULL RUN, meant it. It’s no tinfoil hats making this up. ATR is under the MA. What does this read to us? Reads BTC turning into a HULK soon. This is part of my algorithm. Blue wave is my algo, see before and after. There’s no signal for a major dip. Reads consolidation. When my blue wave begins to curve up, then I’d be worried. That could mean we may see $60k. See my first yellow square that points out to my ATR. Compare that to when BITCOIN made its move up vs now. You'll get your answer Equal high always means downtrend or to stay within range. It’s a crypto rule, it must abide by its regulations. Can this be part of the dump? Who caused this equal high wicks. What have we seen so far? Stability:) Hope this keeps you motivated The END Longby The_ForexX_MindsetUpdated 4410
2 Scenarios...Currently Seeing 2 scenarios for BTC - 1 is we correct down to 64k~ then blast to 100k/130k - 2 is we are working on a larger correction which will see us fall to 40k levels.by Swoop6224
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
HIDDEN PRICE TARGETS: MUST SEE MAGNETS 4 hour timeframe smart money contraction with value line. View MAGNET. Look at the bottom from how it made its way up. We had some dips. Whales create those value lines as a symbol of chart language. Please see most recent contractions. There is a green value line at the bottom. This means whales have decided to move up the trend. Will be wavy but will reach its destination. Red trendline is a trendline the whales created so others may follow the lead moving downwards which indeed, came true and now they have ended it with a bullish green contraction. Reads to move up to the next magnet because of value lines. Let’s be aware of sudden moves. Longby The_ForexX_MindsetUpdated 117
Bitcoin halving, RSI ANALYSISThis is a large chart RSI analysis. And a guess with a history comparison that might happen today. Similar situation as in 2016. This rsi tells us that 50k is likely and then maybe up. I am only sharing what the analysis results show. This could be wrongby MoralDiscipleUpdated 227
Missed fractals? Hi, dear friends! 🫶 Missed fractals? I hope You did, because today I'm going to show You one of them.🤭 A fractal in trading refers to a recurring pattern that can predict future price movements. They play a significant role in technical analysis, offering insights into potential market trends. In November-December 2020, Bitcoin's price formed a pattern that I highlighted on the chart with a white rectangle. I've enlarged this pattern for you using a 9-hour chart. By overlaying the shadow of this movement onto the current price formation, we can see that the price is moving in a similar fashion. This suggests that the price might replicate this fractal: if it does, we could see Bitcoin's price reach $62,500, followed by a sharp increase. Continuing with this observation, it's important to monitor the market closely. If the fractal pattern holds true, traders could capitalize on the expected price movement. However, it's also crucial to consider other market factors and indicators to make well-informed trading decisions. In conclusion, while fractals offer valuable insights, they should be used in conjunction with other technical analysis tools to enhance accuracy. Keep an eye on the market and stay informed to make the most out of these patterns. Thanks for Your attention💋 Always sincerely Yours, Kateryna💙💛Longby RocketBomb16
BITCOIN Retesting the 1D MA50. Is it alarming?Bitcoin (BTCUSD) has been practically consolidating since the May 21 High and the recent pull-back of the past 5 days is starting to inflict a certain degree of fear in the market again. So far the effect is only on the short-term as yesterday, the 1D MA50 (blue trend-line) was tested (first time since May 17) and held. This is something we have seen before on February 06 2024 and October 14 2023. All 1D MA50 re-testings have taken place after the price broke below the 1D MA50 (blue arc) and formed the bottom of the Bearish Leg. The pattern can be easily classified into phases, with BTC trading within the Mayer Multiple Bands (MMB) Mean and the MMB 2SD below. A Channel Up follows after each 1D MA50 test that approaches the MMB. The only parameter that's left to confirm the start of this (blue) Channel Up that will test the MMB is the 1W RSI to break above its MA level (yellow trend-line). As you can see 100k following that, is a rather conservative technical Target within this pattern. Do you think that critical psychological level will get hit following this pattern? 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 TradingShot48
Back to McDonald'sIs bitcoin about to send some people back to McDonald's to hustle for that McWage? lets find out! Even though the McDonald's pattern is very strong, this is not financial advice and i hope we all buy the bottom and go to the moon. by OrderBlockMafioso225
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
BTCUSD: Long Trade Explained BTCUSD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy BTCUSD Entry - 66239 Stop - 65130 Take - 68150 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals225
Bitcoin Down We Go!Prepare for more sell pressure, Bitcoin targeting $61,500 @ 21 Weekly MA before any bounce, Crypto Fear & Greed Index still too high market sentiment waaayyy too bullish and this doesnt help us. We need that index number to drop a lot lower before we see any bullish break above $74k. Will follow up with more updates after we reach our target of $61.5k 🧐Shortby Trade_Wolf113
#BTC / USD - 2024-2027Following my previous post we are on a track to the final goal. P.S I am working on my prediction algorithms that based on real time BIG orders fulfilment to predict short tern price prediction just for a speculations trading :-) I would like to invite everybody who are interesting. Longby maximdelendik113
Long BTCUSDIdea based on Classical chart patterns (Daily Chart). Abbreviations: M/W/D/H = Month/Week/Day/Hour TL: Trendline DT: Double Top DTr: Descending Triangle FW: Falling Wedge Rct: Rectangle We are still close to the all time highs, and we have also seen a breakout from a 4W FW on the weekly chart indicating some buying interest left near the relative lows. When you look at the daily chart, there is a 6W DT which seems to be complete, but the downside breakout bar is with a long wick. And the closing bar was up. This leads me to suspect this might be a fake breakout. Support is seen close to where we saw the 4W FW pattern completed, with levels close to the last bar acting as key bar to watch. Also, we can see the current market as inside a 20W Rct pattern and we are right around the middle of the box. if the 6W DT fails the first target will be @ 77363, if completed, the target will become the 4W FW target @ 81678.90, and ultimately 20W Rct target @ 84001.60 the problem with this trade is that we still don't have a confirmation of a failure, so i need to place the stop loss at lows level within the formation of this DT pattern which is May16th low @ 64548, being fully aware that this trade might be one that could cause me to enter multiple times. Risk reward calculated against capital using the first target is Entry : 66330 or below SL : 64548 (-0.73%) / TP: 77363(+4.50%) RR: Apprx. 6:1 (as always, not investment advise or prediction) Longby NapierAnalyticaUpdated 223
BTC: Time to RunBTC seems to form a nice inverse head and shoulders pattern on the daily chart. There's also a much larger positive consumer sentiment towards crypto going on another run. Set your stop losses and join the ride to push BTC up to 80000.Longby ybadar224