If BTC breaks below 65,200 again, we might see a short downtrendIf BTC breaks below 65,200 again, we might see a short downtrend.Shortby KashifCh_eth1
Slowing Inflation Data Brings Positive Price Action to Bitcoin The US CPI remained flat in May, beating forecasts and lifting bitcoin prices by nearly 4% on Wednesday: But bitcoin prices quickly retreated on Thursday as traders grappled with the possibility of just one rate cut by the Federal Reserve by the end of the year. Trump voices support for Bitcoin mining at Mar-a-Lago: President Biden’s campaign also consulted the crypto industry on his digital asset policy. Gensler confirms spot ether ETFs are coming soon: In a Senate Banking hearing on Thursday, SEC chairman Gary Gensler said he expects spot ether ETFs will begin trading this summer. GameStop's stock drops 12%, impacting related meme tokens: The dip comes after recent highs and announcements of new share sales and declining quarterly sales. HSBC Bank's China branch begins offering e-CNY services to corporate clients: It’s the first foreign bank to support the digital yuan to facilitate transactions and asset management. The ZKsync Association will airdrop 3.675 billion ZK tokens next week: Early users and contributors will receive the distributions, with claims available until January 2025. 🗝️ Topic of the Week: Crypto and Retirement Accounts: 401ks and IRAs 👉 Read more here by Gemini1
BTCUSD Top-Down AnalysisFull Analysis & breakdown of the market & current Price Action. Don't Miss Out!!!! Tune IN! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTraderShort17:27by TheeSnipeGoat2
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
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 rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!Longby ATTMO2
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): 2 Possible Entries For Bitcoin Short!The new week is here, and we see immediately some kind of small recovery happening after a failed attempt at breakout, where the price is now testing again on the upper side of resistance. Despite the small bounce at the beginning of the week, we have not changed our minds about a downward movement happening here. And to make it even more clear, we set 2 possible entry zones for Bitcoin short setup, where both will be active only once we secure those zones of $65000 and $60500. The second entry is the main one we are looking for!! Swallow Team Shortby SwallowPremiumUpdated 121216
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 - Weekly Forecast - 17 June 2024I have a bearish bias on BTC for the weeks ahead. My potential entries and targets are shown within the videoShort04:21by TraderRiz1
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
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
2024-06-11 - a daily price action after hour update - bitcoinGood Evening and I hope you are well. bitcoin comment: Closed my swing short for big profits, I hope you made some. Next I expect the triangle to play out and probably break to the downside. The breakout-retest at 70137 was as perfect as it gets. Bitcoin’s fate also lies with the CPI and Jpow releases tomorrow. If markets rally, so will btc. If we sell-off, btc permabulls will be delighted to be able to add to their positions at much lower prices soon. current market cycle: trading range key levels: small range 66600 - 72000 / big range 56000 - 74000 bull case: Bulls printed the first good looking 1h bars since Friday, today at 6.pm. CET. They are holding on for dear life here at 67000 because below is hell for them. I can see the triangle playing out and the market moving some sideways here. If bulls are strong again, they will get back above 69000 but I highly doubt that. Invalidation is below 66000. bear case: Bears are now below all bigger 20ema and got a second leg down inside this trading range. A third leg would bring us right to the bull trend line on the daily chart around 65000. Bears are in full control here and unless all other markets rally hard tomorrow, Bitcoin is done imo. Decent chance that we won’t see 70000 for a long long time if catalyst’s tomorrow are bearish. Invalidation is above 70000. short term: Neutral here inside the triangle with slightly higher odds for the bulls to trade back to around 68800 before down again. 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 current swing trade: None. Short from 70443, sl 71950 - closed for 3300 points. trade of the day: Small pull-back bear trend from Tuesdays Globex session. Bar 63 was the biggest bear bar and that late in a trend it’s a clear signal to exit your short position because the chance of this being the climactic end of the trend is high. Longby priceactiontds223
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
BTCUSD long from the very bottom of the range - RISK ON signs!Hi. I just opened a long on BTCUSD pair because I am seeing some signs of risk-on evironment. Bitcoin did a beautiful correction to the very bottom of H1/H4 range and produced a small Change of Character (CHoCH) on 5m timeframe. For me it's worth a risk. Stop loss up to you, mine is around 65k (this still can get swept before real move). BE CAUTIOUS OF NEWS TOMORROW (CPI AND INTEREST RATE DECISION), however, as markets are great at predicting the future, and I learned to play the chart, so far this trade is worth a risk in my eyes. Keeping an eye to start breaking 67.3k+ for more confluence so I might add more. Stay safe and good luck!Longby eZ_Real2
will it hold again?The black support line hold the price from further drop around $56,000 now we are reaching the same black support line, will it hold? I am optomistic about this, if it wont held then the other important support is the green one ... also if it hold and we see up in price and can break the resistance line ( the upper green line) then we should have THE CONTINUATION HEAD AND SHOULDERS PATTERN -Target around $85,000 ( IMHO) Longby masonsafari3
BTCUSD strategy remains the sameDear traders! Previously after breaking out of the wedge we saw BTCUSD update its high of $71,500, after which it had a corrective move as I predicted. And now it trades relatively stable below $71,000 and we predict BTC will continue the wave of liquidity capture correction below this zone and grow further if it does not succeed in conquering the peak. 71,650 USD. Fundamentally and technically, BTC looks strongly bullish, the overall market fundamentals are also strong, which generally supports the theory of further growth with the possibility of a new ATH update in the future. The 69,655 or 68,500 area is currently the intermediate bottom for strong buying. And we are waiting for the price to test this zone to accumulate before breaking through and growing further towards the previously outlined goals. The buying strategy is still my priority. And you?Longby Bitcoin_SignalsUpdated 191947
BTCUSD Uptrend Line Breakout At $69273.64 11.06.2024BTCUSD uptrend line breakout to the downside in 4HR chart at $69273.64 If breakout holds: Target 1: $67611.33. Target 2: $66257.03 if $67611.33 is broken. If breakout fails: Target 1: $71995.61. Target 2: $75117.40 if $71995.61 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) DisclaimerShortby BDSwiss_Academy1
$BTC supply crash: fairy tale, the untold story."Bitcoin price is set to skyrocket in the near future, claims an analyst on X. The analyst pointed out that the supply of BTC on exchanges has crashed." There is this common misconception that because the number of Bitcoins held on exchanges is getting lower every passing day, this will create a supply crash and push Bitcoin to the moon! Actually, if you scratch the surface, the opposite is likely to happen. Historically, after the halving, the division by two of the number of Bitcoins mined has done exactly that. After a period of time, the demand exceeds the supply, creating a massive bull run. But this cycle in 2024, everything is different. Most people only see the superficial aspect: yes, there are fewer Bitcoins available for trading. But what they forget to mention is that in this cycle, a lot of the supply is held by governments and agencies, outside of the market. Let's summarize the situation. As I am writing, there are 2.8M Bitcoins on the exchanges. However, outside the market: - 210,000 CRYPTOCAP:BTC are held by the US government. - 200,000 CRYPTOCAP:BTC are held by Mt. Gox litigators. - 136,295 CRYPTOCAP:BTC are held by an unknown wallet. - 285,105 CRYPTOCAP:BTC are held by GBTC, and many anonymous addresses who can sell at any time. That means at least 700,000 BTC are held by institutions and government agencies and are about to be sold. The big difference with this 2024 cycle is that: - The ones who own these BTC do not care about the price. They are not traders but rather employees with obligations to sell when required. - About 40% of the available supply is not in the market and therefore will have to be sold. Today, CRYPTOCAP:BTC dropped 2%, with about 2,000 CRYPTOCAP:BTC sold on Binance. Imagine if one of these entities sold 10,000 CRYPTOCAP:BTC at once? My point is that the normal CRYPTOCAP:BTC cycle is totally invalidated by this supply of $BTC. Their sale will affect the price of CRYPTOCAP:BTC negatively, at least until the demand catches up. The sale of these BTC might create a panic sell from the ETF issuers, which would wreck the whole crypto space for a while. Conclusion: the supply crunch will not happen. Instead, these institutions will increase the supply by selling their holdings on the market, negatively affecting the price of Bitcoin. It is even possible that the bull market could be canceled if too many of these CRYPTOCAP:BTC are sold, nullifying the halving effect and creating a never-before-seen early bear market. by CryptoNikkoid335
HIDDEN BULLISH DIVERGENCE Hear are the FACTS from this BULL FLAG RSI showing hence of weakness however what you see happening, when we pair the price action and when we pair the RSI 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. This is nothing to play with, this has power. We see opposites happening in price with RSI explaining the hidden divergence. Here’s our warning. Is this BULLISH or BEARISH? Let’s unveil it. This is called HIDDEN BULLISH DIVERGENCE. The only way we are going to have FWB:73K again is to see Stochastic RSI CROSS on the weekly chart and what do we have now; we have stochastic RSI already crossing on the weekly chart. We are also holding key structure on the RSI. BITCOIN has to maintain the RALLY that’s happening before our eyes. We are in the beginning of our RALLY. This RALLY has to continue and the price has to move above $73k. We need to get RSI above 88. If we get all this to happen, we then have a healthy continuation BULLISH BULL RUN. If we don’t reach FWB:73K , if STOCHASTIC CROSSES BACK to BEARISH, and if BTC does not reach RSI 88 then we have a FAILED RALLY. Longby The_ForexX_MindsetUpdated 8831
BRIEFING Week #23: Markets Keep ConcentratingHere's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil23:01by PRO_Indicators1112