#Bitcoin regression trend analysis to determine end of bear..with extended trendlines we don't need to be heros's as speculators Patience and letting price action CONFIRM a trend change is CRUCIAL .... Encouraging signs nonetheless!by BallaJiUpdated 332
#BITCOIN will be a King Maker again.And Knight our precious #ALTS Things we are looking for 1) The major Trendline to come in as support, like it has done before maybe it's @ FWB:23K , maybe it's a time based, sideways consolidation from here? But do u see the upper trendline coming in as resistance . Significant resolution is coming soon. 2) higher low on the RSI , confirm the bull trend with a reading that doesnt get too over sold. 3) and the MACD to dip slightly but slowly turnaround and maintain a positive stance for about 18 monthsby BallaJiUpdated 226
Bitcoin #BTC The key level to launch the Bull market...is $34500 The 50% drawdown level from the previous cycle laugh let see if it can repeat the 3rd time We assume this is going to happen leading up and post #halvening But open to a quickening of this timeline because #ETF news driving the hype even quicker Longby BallaJiUpdated 5510
Looking bullishIf we can get a break above the most previous low on the daily then we are good for a buy upon the retest. However, if price fails to create a new HH and LH we are good for a bearish runLongby tstephen010Updated 0
BTCUSD poised for another run after this breakout? Monthly and weekly looking set as well. Wow.Longby Richkierich0
BTCUSD - Range... Breakout! Range... Breakout!Here is a clear view of the patterns I'm watching with BTCUSD. The main macro pattern is this ascending channel, drawn with a diagonal grey rectangle. Touch points on support and resistance are highlighted with red and green arrows. They are perfectly parallel, which increases my confidence in the validity of that range. We also have an established pattern of spending 7+ weeks chopping within a price range before a decisive breakout. These ranging chops are highlighted here with rectangles. How long will the current range of GETTEX:59K -$71K continue? And will it break out to the upside or downside? Well, since the bottom of the bear market, these ranges have broken to the upside every time. That is most likely to continue. However, in the case it breaks to the downside, the bottom of the channel support is now at $51K and rising. In the more likely case of an upside break, the resistance is around $125K and rising. The play here in my personal situation, as a long-term BTC hodler looking to add more when capital becomes available, is to set buy orders at the bottom of the range at $59-60K, and also at $52-53K in case it breaks out to the downside. And, if it breaks to the upside from here, to be ready to buy on the breakout, anticipating much higher prices. Good luck and enjoy!by funtimesUpdated 11
BTC may reattempt reversal on 4H...BTC may reattempt to reverse based on 4h price shift -- but again the king of coins is still under a correction pressure from daily data, so be mindful. KEY LEVEL 29400. TAYOR.by JSALUpdated 115
BTC/USDThe term "range market" typically refers to a market condition where the price of an asset, such as a stock, commodity, or currency, fluctuates within a specific range or band over a period of time without a clear trend direction (either upward or downward). Here are some key aspects of a range market: Price Boundaries: In a range market, the asset's price moves between well-defined support and resistance levels. The support level acts as a floor that the price rarely goes below, while the resistance level acts as a ceiling that the price rarely goes above. Sideways Movement: Unlike trending markets, where prices show a clear upward or downward direction, a range market is characterized by sideways movement. The price oscillates between the support and resistance levels. Volume Patterns: Trading volume may decrease within the range as the market lacks a strong trend. However, volume can spike near the support and resistance levels as traders attempt to buy at the bottom and sell at the top of the range. Technical Analysis: Traders often use technical analysis to identify and trade within range markets. Common tools include oscillators (like RSI or Stochastic) to identify overbought and oversold conditions and chart patterns (like double tops or bottoms) to predict potential breakouts or reversals. Strategies: Traders may employ range-bound trading strategies, such as: Buying at Support: Purchasing the asset when its price nears the lower boundary of the range (support level). Selling at Resistance: Selling the asset when its price nears the upper boundary of the range (resistance level). Breakout Trading: Preparing to trade in the direction of the breakout once the price moves significantly beyond the established range. Indicators: Some popular indicators for trading range markets include Bollinger Bands, which can help visualize the range, and the Average True Range (ATR), which measures volatility.Shortby B9A-88652-NisarAhmad0
#BTC/USDT ANALYSIS Following a successful breakout and subseque#BTC/USDT ANALYSIS Following a successful breakout and subsequent retest of the symmetrical triangle pattern, the crypto market has entered a robust bullish rally. This rally is encountering horizontal resistance, a critical level that could influence short-term price movements. The 50-day moving average is also trending upwards, signifying ongoing bullish momentum and acting as a dynamic support level. If the bitcoin decisively breaks above this horizontal resistance, it would further validate the prevailing bullish sentiment, potentially leading to continued upward momentum and new highs in the crypto market.by CryptoSkullSignal0
BTCUSD Potential Resistance Breakout At $71303.50 05.06.2024- Potential resistance breakout at $71303.50 on 15-minute BTCUSD chart. - If breakout holds: - Target: $72059.85 - Breakout above $72059.85 targets $73021.97 - If breakout fails: - Target: $70241.28 - Breakdown below $70241.28 targets $69913.15 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)Longby BDSwiss_Academy0
$BTC Daily UpdateCRYPTOCAP:BTC #BTC WOW!!! Look at that, already testing given resistance range $70,766-$71,379. Gaining support here would bring $73,523 test on the table, RSI on 4H is hyped up but 1D looks good, Time to see if it can gain a support of $71,379. Watch given S/Rby limitlessnash0
BTCUSD 1D UpdatedBTC ~ Updated #BTC The $80,000 gate was just a matter of time. tell me if the price of BITSTAMP:BTCUSD is already $80,000Longby CryptoNuclear0
BTCUSD Mid Week AnalysisI'm tapped into something oh so special. Come Get Some!!!! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTraderLong16:15by TheeSnipeGoat1
Bitcoin (Hold your Breath) detailed comparison: GOLD VS BITCOIN ### 1. **Nature and Function** #### Gold: - **Physical Asset:** Tangible, with a long history as a store of value and medium of exchange. - **Utility:** Used in jewelry, electronics, and various industries. - **Historical Value:** Recognized for thousands of years as a reliable store of value and hedge against inflation. #### Bitcoin: - **Digital Asset:** Intangible, created in 2009 as a decentralized digital currency. - **Utility:** Used for digital transactions and as a speculative investment. - **Modern Value:** Seen as "digital gold" due to its limited supply and role as a store of value. ### 2. **Supply and Scarcity** #### Gold: - **Finite Supply:** Limited by natural availability and mining capacity. - **Production:** Mining can increase supply, but at a relatively slow and steady rate. #### Bitcoin: - **Capped Supply:** Maximum of 21 million BTC, controlled by its underlying protocol. - **Production:** New bitcoins are created through mining, with rewards halving approximately every four years, reducing the rate of new supply. ### 3. **Market Characteristics** #### Gold: - **Market Size:** Large, established market with significant global liquidity. - **Price Stability:** Generally more stable, with price movements influenced by macroeconomic factors, industrial demand, and investor sentiment. #### Bitcoin: - **Market Size:** Smaller but rapidly growing market. - **Price Volatility:** Highly volatile, with prices influenced by market sentiment, regulatory news, technological developments, and macroeconomic factors. ### 4. **Investment Profile** #### Gold: - **Risk Profile:** Considered a safe-haven asset, low to moderate risk. - **Returns:** Historically steady, long-term appreciation with lower short-term gains. #### Bitcoin: - **Risk Profile:** High risk, with potential for high rewards and significant losses. - **Returns:** Has delivered substantial returns over the past decade but with considerable volatility. ### 5. **Role in a Portfolio** #### Gold: - **Diversification:** Used to diversify portfolios and hedge against economic downturns and inflation. - **Liquidity:** Highly liquid, with a well-established global market. #### Bitcoin: - **Diversification:** Increasingly used to diversify portfolios, particularly in the context of digital assets and technology investments. - **Liquidity:** Growing liquidity, but still more limited compared to gold, with risks of regulatory changes affecting access. ### 6. **Regulatory Environment** #### Gold: - **Regulation:** Generally well-regulated across the globe, with established markets and trading norms. - **Ownership:** Easily transferable, with well-defined legal frameworks for ownership and trade. #### Bitcoin: - **Regulation:** Varied regulatory landscape, with some countries embracing it and others imposing restrictions or bans. - **Ownership:** Can be transferred digitally across borders, but subject to changing regulatory environments. ### 7. **Future Potential** #### Gold: - **Stable Demand:** Likely to remain a valuable asset for investors seeking stability and a hedge against inflation. - **Limited Upside:** Potential for steady appreciation, but dramatic price increases are less likely compared to riskier assets. #### Bitcoin: - **High Growth Potential:** Could see significant price appreciation if adoption increases and it becomes more integrated into the financial system. - **High Risk:** Faces regulatory uncertainties and competition from other cryptocurrencies and digital assets. ### Conclusion Both gold and Bitcoin serve as stores of value but differ significantly in their characteristics, risks, and roles within an investment portfolio. Gold offers stability and a long track record, making it a safe-haven asset. Bitcoin, with its high volatility and potential for significant returns, appeals to those willing to accept higher risk for the possibility of substantial gains. Investors might choose to include both in their portfolios for diversification, leveraging gold's stability and Bitcoin's growth potential.Longby TrojanBible0
Bitcoin Google Trends Lagging Behind Price as a Bullish SignAccording to my analysis, there’s a significant correlation between Google trends (the frequency of Google searches) and the price of Bitcoin. Coincidentally, lower volumes of Google searches signify quiet times in the market from the retail perspective. Since March 2024 there’s been a decline in Google searches for Bitcoin. This can be interpreted as a lower interest from retail. However, the retail interest trails the price, meaning that we expect Google trends to grow next month. This can be seen as positive as a low volume of searches mean that the retail is waiting on the sidelines and will "FOMO" soon. Longby HenriqueCentieiro0
Cup and handle pattern + Rounded Bottom PatternCup and Handle is an continuation pattern. Rounded Bottom Patern are also too. they can be very accurate, on average 50% in the first and 68% in the second reach the targets at 30% and 29% respectively according to studies on normal targets. In normal markets the charts used are weekly. I do not have studies to present with bitcoin, but I bring a technical analysis based on capital market studies. Source: Technical analysis of financial markets, LEMOS, Flávio.Longby TalesFortes0
BTC Weekly Short Idea -75K Liquidity ZoneAccording to #BTC weekly chart we have weeks left until we start to retrace again (If we trade similar to last breakout) - Take profits in the 73-75K zone - Trade Alts - Return on the dip or if btc males it to 80K and the idea failsShortby dogdaddevan0
BTCUSD LONGSBTC Idea from a week or two ago is playing out. Buy side liquidity resting at the highs giving great confluence for longs. Longby ZayTradesFX0
BITCOIN FAIR PRICE (Upper) Until June 23. #BTCUSD : $71,375BITCOIN FAIR PRICE (Upper) Until June 23. #BTCUSD : $71,375 Overbought (sell signal) above: $73,068 Oversold (Buy signal) below: $69,682 by b876540
Bitcoin (BTCUSD Coinbase) Cup and handle to 85k or chaos? This is a cup and handle and projected breakout should be around 85k. Our recent correction hit the .5 fib and bounced back up to 70k then hit 71k earlier Monday. This price action completed the handle of the cup. Bitcoin looks to be close to be pushing against the shorts and this should power the next big breakout. It it fails I think we drop down the the golden pocket between the .68 and the .65 fib and then we try breakout again. As this all plays out this Bitcoin bull run has a huge headwind with traditional markets sputtering and seem to be in a topping formation over last year and a half. This adds a huge risk to Bitcoin and could crash the price if these markets start to tumble. This risk didn't exist in the past Bitcoin bull markets making this run unique. We will have to wait to find out the next moves as data becomes available. CheersLongby TechniBlock0
BTC may fall backFrom the 2-hour chart, BTC has been fluctuating in the range of 63340-70660 for the past two weeks, which is also the reason for the recent surge and plunge in prices, because the market has no clear direction. The current price has risen to around 70600. If the price breaks through 70660, the volatile trend may end. However, the price has risen a lot today, and it may encounter resistance and start to fall back. Trading suggestions: Radicals can sell in the range of 70300-70660, with a target of 69300-69600 The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any timeShortby q4yrf4Updated 0
Microwave magnet Bitcoin seems to keep magnetizing to the range I have laid out in yellow. I noticed this when we first made our push and broke the previous ATH at 69k. So basically Bitcoin has been consolidating and trying to hover around this range--meaning that eventually it will turn that 69k range into a strong support. This is extremely bullish and could be validated by the constant inflows of money into BTC from the Spot ETFs. TLDR: Money generation + More Demand + 4 year Cycle + Post Halving supply shock + Rate Cuts = Perfect storm and possible super-cycle. BTC to $115k is my main target in the short term (3-6 months from now) double that if we super-cycle. June 20, 2024 will be the deciding day.Longby JasonValiceUpdated 1
Simple Bitcoin analysis (Long Term) Higher no matter what?Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.Longby JasonValiceUpdated 557