History never repeats itself, but it does often rhyme.Max fear this month. If history rhymes good we can see some relief in January. Gonna leave this idea to see how it is going after 2 years. Happy New Year! Cheers!by badblo0dbgUpdated 11
BTC Consolidation "Schedule" Ok so first, we all know the markets wont follow this "schedule"...but here's my theory on a potential timeline based on an ABCDE count that may play out as a triangle or a falling wedge. Trade smart & buckle up for the ride! by MtGoxFX1
Bitcoin (BTC): Monthly Opening / Pushy Market / Fakeout To 50K?First week of the new month is here and we are seeing some upward momentum here, pushing the upper resistance zone (potentially going for a fakeout). We are looking at current zones, which are $69-71K which are a huge point of interest for us for a potential fakeout zone right there. But this is not mandatory, as we are near correction phase where accumulation has already happened and is about to end and now that Bollinger Bands upper and lower lines are tightening, we see a good chance for breakdown to happen soon. As you all know, we have major target zone, which is $50K, so let's see if June will be the month for it 😉 Swallow Team Shortby SwallowPremiumUpdated 9
Jun.11-Jun.18(BTC)Weekly market recapAfter the CPI data released by the Labor Department last week showed that inflationary pressures further eased in May, BTC and US stocks rebounded significantly, covering the decline caused by the previous employment data. However, in the subsequent FOMC, the dot plot showed that the median number of interest rate cuts this year was one, which was lower than the market expectation of two. And at a later press conference, Powell said that inflation had further eased, but was still higher than planned. This takes into account the CPI. The markets fell on the news High market sentiment was cooled. In the next half month, crypto continued to fall as the main trend, and during this period, there may be a rebound due to the listing of the ETH ETF. The trend will maintain until economic data of June is released. BTC has fallen with fluctuation in the past seven days and missed the opportunity to refresh ATH, but its performance was stronger than most tokens. It can be seen from the WTA indicator that after the CPI data was released, blue columns representing whales participated in transactions. The rate of decline slows down. Trading volume is consistent with the past. The ME indicator continues to maintain a bullish trend, and the wavy area further narrows. To sum up, we believe that BTC will continue to lead the market correction in the short term and remain fluctuation in the medium term. We maintain our original resistance level 74000 and support level 61000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.by Sypool1
ANALYSIS BITCOIN Bitcoin (BTC/USD) with various technical indicators and levels marked on it. Here’s an analysis based on the chart provided: Key Observations: Price Levels: Current Price: 67,271 USD Major Support: Around 63,001 USD Major Resistance: Around 78,900 USD Fibonacci Levels: 0.618 Retracement: 70,062 USD 1.0 Extension: 78,900 USD 1.618 Extension: 84,315 USD 2.618 Extension: 90,925 USD VWAP (Volume Weighted Average Price): Weekly VWAP: 65,772 USD Liquidity Heatmap: Shows regions of high buying and selling interest. There are significant liquidity zones around the 63,000 USD (support) and 78,900 USD (resistance) levels. Trend Lines: Dashed lines indicate potential future trends or breakout points. Projected Move: There is an orange projection indicating a potential sharp upward movement targeting the 78,900 USD level. Analysis: Support and Resistance: The current price is hovering just above the weekly VWAP, which is a crucial support level. If the price breaks below the 65,772 USD level, it might find support at 63,001 USD, which aligns with the Fibonacci retracement and the liquidity heatmap. On the upside, significant resistance is expected around 78,900 USD, which is a confluence of the 1.0 Fibonacci extension and liquidity heatmap. Fibonacci Retracement and Extension: The price needs to break above the 0.618 Fibonacci retracement level (70,062 USD) convincingly to confirm a bullish trend towards the 1.0 extension at 78,900 USD. Beyond that, the 1.618 (84,315 USD) and 2.618 (90,925 USD) extensions indicate potential longer-term targets. VWAP Analysis: Trading above the weekly VWAP suggests a bullish bias. The price is currently consolidating above this level. Liquidity Zones: The heatmap indicates heavy liquidity around the 63,000 USD level (support) and the 78,900 USD level (resistance). These zones can act as potential reversal points. Projected Move: The sharp upward projection suggests that if the price holds above the current support levels and gains momentum, a rapid move towards the 78,900 USD resistance is possible. Strategy: For Bulls: Look for long entries around the current VWAP (65,772 USD) with a tight stop loss below 63,000 USD. Target the 70,062 USD level initially, with a potential extension towards 78,900 USD. Monitor price action around key resistance levels for potential profit-taking or further continuation. For Bears: Watch for a breakdown below 63,000 USD for potential short entries, targeting lower support levels. Alternatively, consider short positions around the 78,900 USD resistance if the price shows signs of reversal. Conclusion: The chart indicates a potential bullish scenario if the current support levels hold, with targets towards 78,900 USD and beyond. Traders should watch key levels and liquidity zones for confirmation and manage risk accordingly.by crktrader1
BTC / USD Monthly ChartHello traders. We had another nice 10% dip, where I bought some more sats to add to the Bitcoin coffers. We could have a few more months of this sideways, ranging, pre parabolic reaccumulation phase before we take off. We are in a time where leveraged traders may be getting smoked as well as a normal post halving range. Most people do not realize that even at this price, buy Any bitcoin would be a step in the right direction. This is the last chance for regular people to get in before the supply / demand shock set in and makes Bitcoin go insane. BIg G gets all my thanks. Patience is key, as is being thankful for what we have. Be well and trade the trend. This post was a pep talk for anyone getting nervous or starting to freak out a bit. Just hit some dabs, relax and enjoy this ride.by musclemilk00751
Bitcoin - Inverse Head and Shoulders - LONGPotential inverse head and shoulders breakout coming soon. Similar to the breakout. RSI is mirroring the pattern prior to the breakout above 43k. I think we see something similar here. Lots of consolidation over the past 3 months. I think we move upward here soon. Longby RobsPlanUpdated 1
BTCUSD Potential Bullish Bat PatternOn the daily chart, BTCUSD has formed a double top pattern, and the short-term bearish trend is dominant. At present, we can pay attention to the support near 66000. If it falls below, it is expected to fall further, and the downward target is around 61500. When BTCUSD reaches 61500, we can pay attention to the potential buying point of the bullish bat pattern. At the same time, this position is in the previous demand area.Longby XTrendSpeed111
Crypto & Portfolio market are in the endo f B waveAccording to my waves count the market top was in November 2021. Decline belowe 44k will confirm we are in C wave. The target of wave C might be at least 18500k. However, the structure of this formation may have a more complex form. This may turn out to be a Zigzag. The exit from such a zigzag may last until 2028. This scenario is canceled if the price closes above 74 thousand08:40by dogecoin_chain1
BTC breakout RallyBTC consolidation Breakout Rally from 67,000 to 68500. There is support at 66,000Longby Ernestitovic1
Anticipating a Bullish Reversal in BTCUSDBTCUSD is testing a significant support zone, suggesting potential bullish days ahead. We anticipate the price to bounce from the middle of this zone and move higher, indicating a favorable opportunity for a long position. by SHELBYCAPITALX1
Crypto in global perspectiveAccording to my waves count the market top was in November 2021. Decline belowe 44k will confirm we are in C wave. The target of wave C might be at least 18500k. However, the structure of this formation may have a more complex form. This may turn out to be a Zigzag. The exit from such a zigzag may last until 202807:47by dogecoin_chain1
57 ???? The movement of Bitcoin was represented by the late copy in yellow.... The copy was extracted from the bottom of 15 thousand, and it is still valid and correct. Now, will he follow the copy? As is the subject...look at the drawing and know the detailsby ALMANALALYAFAI2
Bitcoin's Path to $90,000: Analyzing the Head and Shoulders PattIn the daily timeframe, Bitcoin is forming a significant head and shoulders pattern, suggesting a potential target of $90,000. Historical analysis highlights a seasonal trend that typically initiates bullish momentum for the leading cryptocurrency during this period of the year, a trend observed consistently over the past decade. Moreover, historical data from previous halving events indicates that Bitcoin's price tends to surge by approximately 125% in the year following a halving. Given Bitcoin's starting price of $44,000 at the beginning of 2024, a similar increase would propel its value to around $99,000. Should this halving event mirror past impacts, Bitcoin could approach the $100,000 milestone by the end of 2024. However, an additional factor influencing Bitcoin's potential upward trajectory is the potential introduction of spot Bitcoin exchange-traded funds (ETFs). These financial products could attract significant institutional investment, further bolstering Bitcoin's market value beyond current expectations. Overall, with the combination of technical patterns like the head and shoulders formation and historical trends from halving cycles, coupled with potential catalysts like Bitcoin ETFs, the outlook for Bitcoin in 2024 appears promising for investors eyeing substantial price appreciation.Longby FOREXN1115
Market Crash - BTC Rejection BTC had a hard rejection after rallying on the CPI print, but failed on a retest of it's previous trendline support. Now it's sitting back at demand, bulls need to defend here or it's likely headed towards $50-$60k. Not looking great for inflation assets in this overnight session, but we'll see what the morning brings. Shortby AdvancedPlays1
ALERT: BTC GOES TO ZERO AND THE MARKET COLLAPSE BEGINSI saw the warning signs and thought it was going to be a good opportunity to buy but the big money has already exited. You can't even get your money off the exchanges anymore. BTC is going to zero and I the Global economic crisis begins. A trillion dollar industry will be wiped in the next 48 hours. The chain of events that are going to follow will be nothing less than biblical. I'm praying for you all. Best wishes in the days to come ya'll. We got a hard road ahead of usby Antizma551
BTCUSD SELLyou know what it is second entry letgo, its a sell setup we are in Shortby Billionairegroup_co3
BTCUSD new update Hi, Today is a good moment to enter long at BTC, because we already reach fibonacci support zone at 64K-66K. This is a strong support area, since BTC stuck at 1 month consolidation. If fibonacci support able to hold bearish, Our target at $71.933 sorry for late update, coz I have a heavy schedule with my student. But I will try to update this analysis if I found a new key level. Thanks, Happy trading Longby AzrulAzir5
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
Is it a good idea to YOLO on Bitcoin, or should we just...Is it a good idea to YOLO on Bitcoin, or should we just trade it with good risk management like any other pair? My recent signal should probably answer that... Risk management, and a solid trading plan gets you all the things you want in trading. Is it really this easy? Plan the Trade, Trade the Plan!by liquidity_trading_Updated 2228
Market Crash - BTC Ascending WedgeIn addition to the double top idea I shared earlier, I'm also seeing yet another nice looking ascending wedge and it is on BTC this time. It's right on the edge of breaking below now, I'd expect a large move down back to the GETTEX:59K area at minimum if it falls here.Shortby AdvancedPlays7
BTCUSD yesterday's drop seems to be correlated to EUR/USD dropyesterday at about 15pm CET time , the BTCUSD price fell 4.4% and at the same time the EUR/USD pair fell almost 1%. This is surprising, since i never expected the eur price to affect the price of BTC. Or maybe it's a coincidence. However, this needs further analysis.by bestraderbro1
Are you feeling lucky? Trading is all about patience, managing positions efficiently and most importantly how risk adverse one could possibly be when a probable path for an asset emerges. BTC kept going up irrespective of Fed's rate hikes and the bond futures situation which was not to be expected. This was attributed to the institutions getting in and ETF's being approved. The problem with human nature is to always look at everything as a cause and effect pair. We seek to find cause to predict the future and use the effect to explain after something has already unraveled. Now that inflation seems to be mellowing out on paper even though you don't feel it in real life and the rate cuts hovering near the horizon, how would BITCOIN react? Will this cause lead to an effect and will that effect align with probable path that's emerged? Only time will tell! Institution or retail, markets don't heed to anyone and everyone will bleed if you don't have patience or cannot manage your positions effectively! Shortby TulpenFieberUpdated 404062