Monday market update! BTC returning to ATH? In today's video analysis we look at the global picture of the world of bitcoin and break down the inner contents of this 70+ day range. We are wary of our range positioning as far as discount and premium for our next play. Follow for more 14:59by Trade-Journal332
BITCOIN ETF: $49 MILLION USD NET FLOW CAUSES WEEKEND FRENZYWelcome to our financial bulletin! Once again, the cryptocurrency market has become the center of attention with the emergence of a staggering net inflow in the Bitcoin ETF sector. The inception of a Bitcoin ETF has provided a positive shock to investors. Over the past weekend, a net flow of $49 million USD was recorded, prompting the entire market to pause and ponder the implications of this event. Net flows have consistently poured into Bitcoin ETF funds for 13 consecutive trading days, indicating a positive upward trend. However, I predict that the Federal Reserve's interest rate cuts may lead to cautious evaluations and keep the cryptocurrency market sideways. And Bitcoin is currently at a crucial support level, if this support level is breached, the market will witness a significant decline in Bitcoin prices. Thank you all for tuning in to our news. Stay tuned for the latest and most accurate updates. Shortby Jesscica112
Bitcoin TP hitBTCUSD buy order hit TP with 120 pips 💖 Perfect analysis perfect time entered successfully 😀 Have a greate dayLongby DNA_Trader_Officials111
Bitcoin Chart Analysis: Cup and Handle PatternObserving the Pattern Upon examining the Bitcoin chart, we notice the formation of a classic Cup and Handle pattern over the past few months. Cup Formation: Period: The cup started forming in early April 2024. Bitcoin's price began at around $71,630, declined to a low of approximately $56,500 by end-April, and then gradually climbed back to the $71,630 level by late May. Shape: The bottom of the cup is rounded, indicating a strong consolidation phase, which adds strength to the pattern. Handle Formation: Period: The handle started forming in by late May 2024. The price moved sideways with a slight downward trend, fluctuating between $71,630 and $66,500. Shape: The handle is relatively short and tight, with the price consolidating without significant drops, maintaining the overall bullish structure. Breakout and Target Projection Breakout Point: The breakout has not yet occurred. We are closely watching the $71,630 resistance level. A decisive move above this level with increased volume will confirm the breakout. Volume: It is essential to observe a noticeable increase in trading volume during the breakout, which will further validate the pattern. Measuring the Target To determine the first target after the breakout, we measure the depth of the cup: Depth of the Cup: The difference between the peak ($71,630) and the bottom ($56,500) is $15,130. Target Price: Adding this depth to the breakout point gives us a target. Thus, $71,630 + $15,130 = $86,760. Conclusion As the breakout has not yet occurred, it is crucial to monitor Bitcoin's price action around the $71,630 resistance level. A successful breakout with increased volume would set the first target for Bitcoin at approximately $86,760. Investors should remain vigilant for confirming signals and be prepared to adjust their positions accordingly.by MyNameIsEmrah111
BTC Price Prediction and Elliott Wave AnalysisHello friends, I think we started the final wave Y to reach to the next our target. Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna551
💎 BITCOIN (BTC) : a Big Move Beyond $70,000? (READ THE CAPTION)With a recent analysis of the #Bitcoin chart in the weekly (logarithmic) timeframe, we can see that the price has once again succeeded in returning above the $70,000 level. As I have mentioned multiple times in recent analyses, I am expecting an explosive move from Bitcoin soon, with targets of $77,000, $85,000, and $100,000, respectively! Main Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban Longby ArmanShabanTrading202054
BTCUSDT is at 4h resistance now, may experience some struggle The price has bounced from 4h support 4HS1 and now it has headed towards 4h resistance 4HR1. The price is currently trading inside this resistance zone. The price will face some struggle here and some pullback may be expected. Some momentum is there and the price has moved to this resistance 4HR1 from the support 4HS1 quite quickly. And therefore, any short trade I am not taking. We will look for a trade opportunity based on how the price reacts to this resistance zone.by angela_altair110
BTC resuming uptrend?Seems like supply is drying up, forming a contraction with inverse head and shoulders. Good probability of breakout on upside. Longby nihalmistry110
Supertrend Indicator - Scam or RealThis not a pro long or short idea just a general test of the 15M super trend indicator that I believe more people should look at as a helpful tool to validate or invalidate any ideasby dogdaddevanUpdated 334
Check if a trend is formed after June 5thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period is expected to last from June 3rd to 5th. Accordingly, we need to check if a trend is formed after the volatility period. Currently, the MS-Signal (M-Signal on the 1D chart) indicator is passing near the HA-High indicator (67614.25) on the 1D chart and is showing support near that area. Therefore, the key is whether it can rise along the rising trend line (1) after the volatility period. If it does not, and falls below the MS-Signal (M-Signal on the 1D chart) indicator and shows resistance, 1st: 65233.64 (64K-66401.82) 2nd: 62791.03 You should check for support near the 1st and 2nd above. In particular, the 2nd section, 62791.03 point, is the HA-Low indicator point on the 1D chart, and an important trend line passes near this point, so it is a section that must be supported in order to maintain an upward trend. If it falls from the 62791.03 point or an important trend line, there is a high possibility that a stepwise downtrend will begin, so you should think about a countermeasure for this. However, since it falls after the HA-Low indicator is generated, there is a high possibility that a bottom section will be formed. (1W chart) As seen in the 1W chart, the volatility period is expected to continue until the week including July 29th. Therefore, the real trend is expected to form after this volatility period. Have a good time. Thank you. -------------------------------------------------- - Big picture The real uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCryptoUpdated 118
Bitcoin latest analysis and advice, hope to help you!Detailed Analysis of Bitcoin's Recent Price Movements Bitcoin has recently exhibited a pattern known as an upward wedge. Initially, the price rebounded from the wedge's support line and rose to a support level that aligned with a significant buyer zone. This support level was eventually breached by the price, leading Bitcoin to trade near the 66,700 level for a period. After this consolidation, the price fell back into the buyer zone. Following this decline, Bitcoin made a strong upward move, creating a sharp impulse that took the price up to the wedge's resistance line. During this move, it also broke through a resistance level that was associated with a seller zone. However, this upward momentum did not last long, and Bitcoin's price soon reversed direction, declining rapidly to the support level, thereby breaking the 70,400 level again. After this drop, Bitcoin began to rise once more, eventually reaching the resistance level again. Upon hitting this resistance, the price rebounded and underwent a correction back down to the support level. Recently, Bitcoin has bounced off this support level and started to rise again. Currently, it is anticipated that Bitcoin might make another corrective move towards the support line before rebounding to the wedge's resistance line. Therefore, the target price is set at 69,400 points, which corresponds with the resistance line of the wedge pattern. --- This detailed explanation provides a clearer understanding of Bitcoin's recent price movements and potential future behavior based on the upward wedge pattern. Psychology, discipline, and capital management are the three essential factors for achieving victory.by Frederic-FUpdated 117
Bitcoin near a possibly resistance levelBitcoin if following the monthly pattern since the beginning which involves two angles , above a tl which is acting as support and below a tl so possibly a resistance, it could be a consolidation zone or could move it to the next level if breached by omvats1Updated 1123
BTC: Bitcoin in a complex scenarioBTC: Bitcoin in a complex scenario Bitcoin is near a strong resistance zone. If you are looking for sales opportunities, you should know that BTC has a more complex scenario than it seems. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️04:03by KlejdiCuni337
BTC → Two possible scenarioshello guys... let's discuss two possible scenarios: scenario 1: the breaking candle formed! the first bullish candle, but the next two candles have not closed the candle below the breaking candle! just a shadow! so the price may start another upward movement until the top line of the channel! scenario 2: after forming another AHT it will touch the FWB:42K level and then will start an upward movement until touches the top line of the channel. ___________________________ I think the first scenario is more possible but it may take time! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and commentLongby melikatrader941115
Bitcoin IdeaBTC can show us this move. For short time sell , for long time long We must test lower demand price again Shortby khanaghah58115
BTC - 4H Valid Channel? My idea in commentBitcoin is rising within this ascending channel. Do you think it can reach the top of the channel? This could mean a new ATH around $75K! 🚀by Sober_TradingUpdated 226
Fast Short on BTCUSDTWe are currently in a wide sideways channel. We gradually move down from its upper border. After a short five-day up - down movements, I think we will continue to move towards the lower part. Let's see.Shortby HPotterUpdated 13
BTCUSDT could be heading towards a new All-Time HighWe can clearly see that 67k is a very strong support/demand area, which is currently being respected. And as long as Bitcoin remains above, without a decisive daily break and close blow 66k, we will continue to expect a potential rally. Along with the BTC, Alts should feel very strong as well, and many should go ballistic. Longby CryptoPAMM225
Trend lines are also lagging(?)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think trend lines are drawn to find out the trend that appears when candles are formed. Therefore, since they are drawn after candles are formed, they can be called lagging. However, since there is a characteristic of moving along a trend that has been formed unless there is a special issue, chart analysis is done by referring to trend lines. To draw trend lines, you need to understand the arrangement of candles. If not, there is a high possibility that it will be a meaningless line, so you need to study candles in advance to draw trend lines. The point to use as a reference when drawing trend lines may vary depending on your investment style. When drawing a trend line, I draw it according to the following rules. 1. Connect the opening price of the falling candle among the price candles corresponding to the high point of the StochRSI indicator (indicated by the blue line) 2. Connect the low point of the price candles corresponding to the low point of the StochRSI indicator (indicated by the light green (#00FF00) line) The setting values of the StochRSI indicator are 3, 3, 14, 7 (K, D, RSI, Stoch). However, the source value is the value of the Heikin-Ashi candle (Open + Close) / 2. The difference can be confirmed by the StochRSI indicator and the Stoch RSI indicator of the TS - BW indicator on the chart. 1. Use the high point formed when the StochRSI indicator rises above 80, 2. Use the low point formed when the StochRSI indicator falls below 20. Exclude any low or high points formed other than these. The trend line connecting the low points can be connected by connecting the low points of the price candles. However, the trend line connecting the high points must connect the opening price of the falling candle among the price candles, so when the price candle where the high point of the StochRSI indicator is formed is an upward candle, the opening price of the first falling candle among the right candles is specified and used. Therefore, since there is a difference between the StochRSI indicator of the TS -BW indicator and the general StochRSI indicator, it is recommended to use the StochRSI indicator formula of the TS - BW indicator if possible. When the StochRSI indicator entered the oversold zone and formed two low points, the trend line was not drawn by connecting the two low points. Therefore, the trend line is drawn as shown on the chart. Both the most recently drawn trend lines (1) and (2) are down, so it seems likely that a change in trend will occur. However, since it is virtually impossible to know with just the trend line, it is recommended to comprehensively evaluate by adding auxiliary indicators. Therefore, it is recommended to refer to the BW indicator, which displays MACD, StochRSI, CCI, PVT, and SuperTrend indicators. If the BW indicator is rising from the 0 point, it means that the trend is rising. On the contrary, if it is falling from the 0 point, it means that the trend is falling. Since the BW indicator is currently above the 0 point, we can see that the trend is rising. Therefore, when looking at the trend line and the BW indicator comprehensively, we can respond by selling when it falls from the recently drawn trend lines (1) and (2). However, since the BW indicator is in an upward trend, it is recommended to respond with a split sell rather than a 100% sell. It is still difficult to determine the timing of trading with the trend line alone. Therefore, it is recommended to select the timing of trading by indicating the support and resistance points. In that sense, it is a good idea to add HA-Low, HA-High indicators and use them to select the trading period. Even if you do not use HA-Low, HA-High indicators, you should draw support and resistance lines according to the arrangement of candles on the 1M, 1W, and 1D charts and mark them on the chart to select the trading period. The good thing about using indicators that indicate support and resistance points is that the support and resistance points do not change depending on your psychological state. When you start trading, your psychological state may become unstable due to price volatility, and if you are in an unstable psychological state, you may draw a line incorrectly, which may result in an unreliable line. Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- Educationby readCrypto12
🔥 Bitcoin's HUGE Cup & Handle Pattern Breaking Out!In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern. Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been completed; wait for a new all-time high before entering a position. Share your thoughts!Longby FieryTrading121277
#Bitcoin Daily Update!BTC/USDT Technical Analysis! 🔹 Current Price: $68,390 🔹 Strong Support: $62,433 🔹 Resistance: $73,000 BTC closed with a red daily candle at $68398 and is still trading sideways. It recently broke out of a symmetrical triangle, indicating potential upward momentum. This sideways PA is the reason why Alst are breathing green. Watch for a break above $73,000 for further gains towards $81,000. If it falls below $66,400, it may retest $62,433 level. dyor, nfa #Crypto CRYPTOCAP:BTC #bitcoinalpha Please hit the like button to support. Thank you #PEACELongby Cryptorphic1134
btc breakout coming on 4hrENTRY :- 66800 DCA:- 66800 TO 65950 TARGET:- 71200 STOPLOSS:- 64000 NOT FINANCIAL ADVICE BULLISH PENNANT PATTERN HOLD your position wait for entry Longby thassan214Updated 224
Bitcoin (BTC) Market UpdateCurrent Situation: Yesterday, Bitcoin saw a 4% move to the upside, igniting the rest of the market. If this trend continues, we could be in for a very strong month. Resistance Levels: Major Resistance: $72,000 (bottom of the range area acting as major resistance) All-Time High: $73,800 Next Resistance: $76,000 Market Dynamics: Short Squeeze Potential: Many short BTC traders have their stop-losses just above $72,000 and even more above the all-time high of $73,800. If the price starts triggering those stops, it could cause a cascade effect, pushing the price higher as short traders cover their positions by going long. Bullish Breakout: A move above the all-time high of $73,800 will likely trigger significant bullish momentum, potentially driving the price to $76,000 or higher if a massive short squeeze occurs. Impact on Altcoins: Bullish Sentiment: A breakout above the all-time high will be very bullish for the broader market, especially for altcoins, which have been lagging in recent months. Trade Strategy: For Bulls: Watch for a breakout above $72,000 and $73,800 for potential long opportunities, targeting $76,000 and higher. For Bears: Be cautious of potential short squeezes and set stop-losses appropriately above key resistance levels. Stay vigilant for market movements and ready to capitalize on potential bullish trends. #Crypto #Bitcoin #BTC #MarketUpdate #ResistanceLevels #ShortSqueeze #BullishTrend #Cryptocurrency #Trading #Blockchainby Richtv_official113