Place your betsIf the trend continues like it has been for 10 years, then we may hit 100k within the year. It could also go back down to fill the $9600 gap, idk.Longby DeadPhishCheeseSpread2
BTC breakout done - ready for next move ** CRYPTOCAP:BTC performed Falling wedge in 1D TF ** Keep eye on it Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support). - The pattern resembles a wedge pointing downwards. 2. **Confirm the Falling Wedge:** - Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease. 3. **Wait for Breakout:** - Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge. - The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout. 4. **Entry Point:** - Enter a long (buy) position as soon as the price breaks above the upper trendline. - Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts. 5. **Stop-Loss Placement:** - Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge. 6. **Target Price:** - Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point. Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.Longby Crypto-Adda_OfficialUpdated 223
BTCUSD 9/6/2024BTCUSD is now still in the premium area where after the sweep price external daily low. I expect there will be a fall towards the discount in the near future. But I will wait for the price to enter the area that has been broken.Shortby EyonGaristerus1
BTC possible setupsTomorrow Monday 10th, I see a strong possibility of downward movement first, dropping to 67000 - 66000 area. Then, we need to observe whether there is possible for upward movement. Possible long area: 1. 68400-68700 if it breaks down, then, 2.67000-66400 If 66000 breaks, then t0 62000 area is possible. Let's see how the week plays out. by Shin_diamonds1
BITCOINBitcoin analysis Daily and weekly time frame Bitcoin's trend in the daily time frame is still bullish and for now it has maintained the support of the midline trading range of the day.by m0neyminer2
BTC/USD Holds Above Key Support Amid Seller PressureHello Everyone, BTC/USD has experienced a recent decline but has managed to find support above the monthly pivot point, which is overall encouraging. The recent monthly low was at 64,600.75, a relatively resilient figure given the circumstances. Sellers are currently exerting significant pressure, yet we remain optimistic about potential future gains! BTC, let's keep moving forward! TradeWithTheTrend3344Longby TradeWithTheTrend33443
Correction It is expected that the price will fluctuate in the current resistance range and then continue the downward trend. If the price crosses the resistance range, it will be possible to climb to the next resistance range. Shortby STPFOREX2
BTCUSDTHere is a short #TrendAnalysis on #BTCUSDT. Watch the whole video to see what to do if you are in a trade. If you are not in a trade wait for it! 03:04by XTradeSetup3
Bitcoin is at a Cross roads and MUST break a trend or loose High One of the MAJOR things we look to in trading are TRENDS. They give us patterns and Signals and the Longer a trend has existed, the stronger the "Suggestions" it can Give. Bitcoin has been in a rising Trend since it hit a Low in 2011. From this point, it has been subject to rejection off a Fibonacci Spiral. ( I have explained this in detail in other posts, so I will not spend to much time on it now ) The ATH's of 2013, 2017 and 2021 all were rejected off that line. What is VERY important to understand here is that a Spiral does not always rise...Once it reaches its apex, it will begin to descend again and that apex occurs around Feb 2025. Bitcoin has to break out of this Trend with Positive momentum. What is slightly concerning, is that PA is up high, near that line of rejection already. This RSI chart shows us that we do still have room on the RSI to go higher. The Vertical lines are the previous ATH's and where RSI was at that point. IT is the lower time frames that are currently cooling off but the weekly MACD, for instance, It still high and Just turning Bearish....We have 8 months for it to cool down to neutral or lower and it should manage that. Something that has also really crossed my mind is the Volume since 2011. "The Volume indicator is used to measure how much of a given financial asset has traded in a specific period of time. For example, with stocks, volume is measured by the traded shares. For futures, volume is based more on the number of contracts. By looking at volume patterns over time, traders can better understand the strengths of advances and declines in stocks as well as in markets in general." ( taken from Trading View ) What we are looking at there is a STRONG BEARISH DIVERGENCE. But do not worry, BTC has, in its history, had a remarkable habit of defeating this type of thing while in a Bullish state, as it is now. But it HAS to break this trend and get out and Above that upper line. I have little doubt that Bitcoin can break this trend. But as we move into the corporate World, things will change for all of us in Bitcoin's world now. For instance, that drop in Volume .... The Asset was able to be traded in higher volumes when you could buy 1000 Bitcoin for the price of a Beer. It is a little harder to do now. And People are "Betting" on BTC via ETF now and not directly Buying and these large Corporations will begin manipulating the price... WE NEED TO HOLD OUT BITCOIN CLOSE = NEVER SELL - The other indicators in the original image are, from top to bottom, VOLUME RSI SOPR MVRV Z Score ATR On a final note. This chart is from Bitstamp, the Exchange that ROBINHOOD just bought. That is one of th elarger financial corporations in the USA...they would not have just bought this exchange if there was a chance of collapse........But......always best to be aware of potential by Orriginal2
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.by bbitar3
A degens projection for BTC for the next week and a bit.Just a visual of what I see when I look at the BTC chart on the daily. This is think is possible over the coming days or weeks leading up to the end of this month. What do you think? by AverageDegenTrader2
Bitcoin Monthly chart - right on target A nice simple post showing you how PA has repeatably tested the previous ATH line for a period before pushing up to the next ATH. The Green circles show you this. Note how the periods just below the previous ATH line are getting longer. And we are now very close. But for those that are impatient for this move higher, Hang on...this is a monthly chart -> We may have to wait as long as September.... But it could be tomorrow..... But that move up is coming......................... ACCUMULATEby Orriginal2
BTC HIDDEN BULLISH DIVERGENCE A quick way to discover whales volume. This works just like RSI but by using my two volume plots. Plots showing hence of weakness however what you see happening, when we pair the price action and when we pair this plots volume together, we get divergence. This is specifically HIDDEN DIVERGENCE. Hidden divergence is coming from a LOW to a LOWER LOW and price; a LOW to a HIGHER LOW in price. This is HIDDEN DIVERGENCE. We see opposites happening in price with my 2 plots explaining the hidden divergence. Here’s our warning. Is this BULLISH or BEARISH? Let’s unveil it. This is called HIDDEN BULLISH DIVERGENCE. Now we have two volatility contractions means wants to start a BULL RUN. Longby The_ForexX_MindsetUpdated 559
TRUTH UNVEILED 4 Price next Target Smart money trendline. This is their FOOTPRINT. You all know what happens when I draw their trendline. They follow it back and forth. My Whales indicator shows reversal which reveals their next plot. Passing $72k. Longby The_ForexX_MindsetUpdated 19
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
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
BTCUSD Downtrend Line Rejection At $71433.88 07.06.2024- Downtrendline rejection in BTCUSD 30-min chart at $71433.88. - If rejection holds: - Potential drop to $71146.52. - Break of $71146.52 could lead to $70920.78. - If rejection fails: - Possible rise to $71799.12. - Break of $71799.12 could lead to $72263.73. 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) DisclaimerShortby BDSwiss_Academy2
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
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
First ATH BREAKOUT Before Halving? Hello, Traders! Today, We have to Speak about King “₿”. The Bitcoin Halving usually represents a significant milestone in the cryptocurrency's ongoing evolution. Satoshi Nakamoto programmed an event into the Bitcoin network every 210,000 blocks or approximately every 4 years. This will continue until the mining of 21 million coins (estimated to occur in ≈2140) marks the end of the cryptocurrency's issuance. To gain an understanding of its impact, it is necessary to analyze historical data: 1st Halving (Nov 2012): Price was ≈$12.0 (Pre-Halving), escalating to an unprecedented peak of ≈$1.240 in November 2013. 2nd Halving (July 2016): The price stood at ≈$600 (Pre-Halving), surging to a remarkable high of ≈$19.756 in December 2017. 3rd Halving (May 2020): The price was ≈$8.500 (Pre-Halving), catapulting to a new pinnacle of ≈$64.800 in April 2021 and ≈$69.000 in November 2021. 4th Halving (April 2024): At the time of this writing, the price has risen from ≈$64,000 to nearly $66,000. In Bitcoin's early days, miners received 50 BTC for every new block they added to the blockchain. However, after the 1st Halving (November 2012), that dropped to 25 BTC. Then, after the 2nd Halving (July 2016), it became 12.5 BTC. After the 3rd Halving, it's down to 6.25 BTC. The 4th Halving (April 2024) reduced the reward from 6.25 to 3.125 BTC. A review of historical data indicates that, in the period following each halving of Bitcoin, prices have consistently risen within a span of six to twelve months. However, the current situation is distinct. Why? This time, the price of Bitcoin reached a new high before the halving event occurred. The graph reveals that the previous ATH was achieved in November 2021 but was subsequently surpassed on 24 March 2024. It is noteworthy that the halving event occurred on May 1, 2024. However, it's crucial to note that the relationship between halving events and price fluctuations is complex and multifaceted. It is not just expectations and moods. Numerous factors, including market fundamental events and technological developments, contribute to Bitcoin's price dynamics. This time around, the landscape surrounding the Halving Event is undeniably different, characterized by numerous vital factors that distinguish it from previous cycles. Foremost among these differentiators is the advent of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, marking a significant milestone in Bitcoin's integration into mainstream finance. Introduced by prominent financial institutions, these ETFs have swiftly garnered attention and investment inflows, reshaping the market structure. The launch of spot Bitcoin ETFs has been met with enthusiasm, evidenced by impressive net inflows totaling over $12 billion within a short span. While recent data indicates a slowdown in net inflows and a temporary outflow streak leading up to the halving, the long-term implications of these ETFs on Bitcoin's demand dynamics are profound. Consistent daily inflows into these products could provide significant support for Bitcoin's price, particularly as the rate of newly mined Bitcoin decreases post-halving. With the Halving Event now behind us, what's in store for its future? Time will reveal the answer, but with these fundamental factors in play, one can't help but hope for the best. What do you think?by WhiteBIT4
BTCUSDTHello traders hope you are enjoying our Analysis. Now we are here again with a new trading opportunity ,we will discuss today about BTCUSDT smart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the authorLongby IQgroups2
BITCOIN ( D )BITCOIN Tendency the price between 72,072 and 68,396 Turning level : The turning level between72,072 and 68,396,level resistance level : Breaking the turning level 72,072, the price will rise to 73,098, as long as the price stabilize this level , there will be a new historical peaks support level : The trading stabilizing below 68,396 , the price will reach the support level of,65,585, and under this level it will reach64,037 by ArinaKarayi2
BTCUSD: Time for a correctionOutlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The consolidation at higher levels remains bullish until $60K is broken to the downside (foodgates moment), which would confirm the current range ($60K-70K) as longer-term distribution, rather than accumulation. First stop will likely be a re-test of the 50 Week MA around $50K after the floodgates for selling opens below $60K. With relatively low accumulation volume, I'm not expecting it to hold as support, but instead return to the 200 Week MA around $40K, likely after a re-test of previous support in order to confirm it as new resistance (around $60K). The 20 Week MA is currently around $63K, so below this level, there will already likely be an increase in selling pressure. The Weekly RSI is otherwise facing rejection from overbought levels >70, similar to late 2021 (minus the strong bearish divergence back then). The culmination of breaking the 20 WMA and confirming RSI rejection by returning to $60K, would be the catalyst for the break of support. As also noted (N.B.) the Mid Pi Cycle Top occurred in march, around $68K-$70K, with price unable to maintain the momentum above this rising MA multiplier, unlike in December 2020 at $21K.(1) The post-halving "Miner Capitulation" has also been signalled by Hash Ribbons indicator, not so dissimilar to summer 2020 that encouraged consolidation and a miner correction.(2) I'm not particularly expecting Path B to play out, unless there is a catalyst for a more full-blown capitulation, leading to a 65% haircut in price. Examples include ETF holders getting cold feet leading to panic as price goes below opening ETF prices , or otherwise some negative regulatory news. A -45% move down to $40K should otherwise be more then sufficient to build up momentum for a 2025 bull market reaching $100K+. Should price reach GETTEX:25K to $30K levels (path B), there could be a "delay" within the usual cycle, with higher parabolic prices nearer to $200K. After the 3x from 2017 to 2021 ATH, 2x seems reasonable in 2025 however ~$138K. (1) www.lookintobitcoin.com (2) capriole.comShortby dragononcrypto3