$btc longbtc currently sitting on 66k support after failure to break ATH , this is a good dip to buy bitcoin and alts as most have taken upto 20% damageLongby origami_capital330
Technical Analysis June 11thIf we break the 67k mark in the following hours BTC might drop to the 61k-60k zone. From there, maybe bounce back up? Or maybe even a more bearish scenerio? It seems that we will not touch the ATH in a while since summer is also not a good time for BTCby Fisjo01
BTC mid-term analysis BTC has staged an impressive rally, surging by approximately 80% since the validation of the ETF. There have been few notable obstacles along the way. Currently, BTC prices are confronting a significant juncture, encountering monthly resistance. Historically, BTC has been rejected at this level twice before, once in May 2021 and again in November 2021. The question now arises: will history repeat itself? There are two possible scenarios to consider: Scenario A: BTC may undergo a period of consolidation in the coming weeks, potentially leading to a significant correction. Scenario B: Alternatively, BTC could breach the monthly resistance and soar to levels as high as 90K-100K before experiencing a correction. Should scenario A materialize, I anticipate a final pump in altcoin prices before they too face correction alongside BTC. However, if scenario B happens, BTC would likely sustain its bullish momentum, leading to an increase in BTC dominance (refer to the attached screenshot). For now, I'll focus on these two scenarios before attempting to predict what lies beyond. Which scenario do you prefer or anticipate? by evasivesteeringUpdated 6623
“#BITCOIN Conundrum: Decoding Bitcoin’s Next move”What is the secret of #Bitcoin's next movement? #Bitcoin's decline is unlikely to continue unless the 65,357 support is broken on the daily time frame. Until then, let's focus on growth Keep an eye on these 2 things for growth: First, it will grow from this range (66300-67970) and break the downward trend in the 4-hour time frame. Second, it will fall to the key support of 65,357, and it will probably stop falling and grow there Targets: Target 1: 71890 Target 2: 74160 Do you also think that this drop in #Bitcoin is temporary?Longby TechRoad1
Why is Bitcoin crashing below $68,000?Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating. On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected. Looking at the 4-hour chart, things seem tricky for Bitcoin. An ascending channel is currently being formed around the $70K mark. The price has already tested the pattern’s higher trendline and the $72K resistance level twice. It was rejected decisively and is testing the SWB:69K support level once again. A breakdown of this level could cause even more trouble. If the pattern is broken to the downside, a deeper drop toward the $60K would likely materialize in the short term. With the RSI also below 50%, the bearish scenario seems probable. WHITEBIT:BTCUSDT Shortby paul_endeo0
BTCUSDT :You have to be careful in crypto Exactly when the traders leave the market, the market movement always starts It means that the market has messed us up Bitcoin's dominance hasn't moved much, Bitcoin itself hasn't moved yet, it's only moved 2% It is difficult to open a position today because the trigger is known and the stop is not known Be behind the chart until US time, it starts at 4:30 our time It is clear that we are starting a new trend, but since the volume is small, it may take some volume, but we have to wait today, I think Important support 67181, open shorts under this position, we are also oversold, the trigger is clear, but we don't have a stop, that's why I said it's difficult, involve less risk, if you want to put a small stop, it's ok, because we are at the end of the movement, we will enterShortby Armitaryan0
Bitcoin LiquidationBitcoin Liquidation there is Short & Long Liquidation price on binance I look about the liquidity prices there is a huge liquidity Long Liquidation red line's 66900 64150 Short Liquidation long line's 72350 70500 by lanky900
Correction wave in front of BitcoinBitcoin has been correcting for the past few days, and if the price action continues to complete them, these formations may come into play, so I recommend taking profits in the 50,000-52,000 range. And then we will have a term up to 38000 and then the next wave will touch 68000. These analyzes are speculative at this point, but I just wanted to point out the possible potential of each of them if the current trend continues. Good luck and always use stop loss.Shortby mo_saeidiUpdated 12
BTCUSDT UPDATE#BTCUSDT Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about BTCUSDT BTC Is making rising wedge pattern in H4 timeframe. Already breakout done. If BTC drop here we can see over all all market drop here.Longby Alex_Crypto_hub0
$BTC local scenario 📈 CRYPTOCAP:BTC Update Key Levels: Bullish: $70,120 Bearish: $65,000 I will definitely reduce my altcoin positions if I see some candles close under $65k.by Goldfinch_song0
the og William Dalbert GANN levels are bear on BTC I geus he is right. i like looking at the secret gann levels that i have drawn on the chart as a trendline. #btc #short #crypto #gannShortby AyadCapital2
Bitcoin (BTC) market overview | 10.06BTC’s daily chart portrays a significant rise from $60,176 on May 10 to the $71,958 high, followed by a correction and sideways movement. This pattern suggests a phase of price discovery and consolidation. Volume spikes accompany major price moves, with decreased volume during consolidation. Key support and resistance levels are $60,176 and $71,958, respectively. Oscillators provide a mixed picture, with the relative strength index (RSI) indicating neutral conditions. The commodity channel index (CCI) at 39 and the average directional index (ADX) at 24 also suggest neutrality. However, the momentum indicator at 1941 signals bullish sentiment, while the moving average convergence divergence (MACD) level at 1007 indicates bearish sentiment. Moving averages (MAs) show varied signals, but longer-term EMAs generally suggest reinforced bullish sentiment for the long-term outlook. Given the mixed but generally positive signals from the longer-term moving averages and the momentum indicator, the overall outlook appears bullish. If bitcoin can break through the key resistance levels with strong volume, it could see significant upward movement. WHITEBIT:BTCUSDT Longby paul_endeo1
BTCUSDT :The big and small wave of the market is a pair of pain, so it can be said that we are not affected by the big waves of the market As long as there are big waves of suffering, you have to adapt to the market as soon as possible because the trend may change at any moment, always when the market suffers like this for a long time, any behavior is possible. If Bitcoin Dominance turns green, then Bitcoin breaks the bottom, you have to find a trigger in advance, because you can see that the document will drop by 30%, if Bitcoin drops by 12%, altcoins that are down to Bitcoin will definitely drop more. dead market If we were supposed to have a Sharpie move, it would have moved yesterday The market may start moving in five hours If Bitcoin reaches the support of 67252, Bitcoin's Dominance will also turn green, altcoins will trend and go under their support, but we don't expect any special movement from Bitcoin itself. The market volume is decreasing every day Open a trade for a short position below 69169, but in fifteen minutes 69179 Support is importantby Armitaryan0
Market overviewBitcoin (BTC): $69,350.37 (-0.01%) Bitcoin Dominance: 55.49% Fear and greed Index: 72 (greed) WHAT HAPPENED? Last week turned out to be a busy one for bitcoin: we immediately started to grow and by Tuesday we had reached our main goal — the $71,000-$71,400 volume anomaly zone. After the formation of a local trade in this zone, bitcoin broke through the lower limit and lost about 5% of its value in a day. We observed a stop in the price movement in the zone of pushing volumes of $70,000-$69,000, which was noted in the daily analysis on TradingView. We continue to trade in the range of these prices. WHAT WILL HAPPEN: OR NOT? Now it's necessary to obtain the positioning of a large volume formed when the price stops. Main expectations: resumption of buys to a new sell zone of $70,800-$71,400, a test of the sell zone and, if there are strong buys in the future, an ATH test. Buy zones: $68,200-$67,200 (accumulated volume), $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies). Sell area: $70,800-$71,400 (accumulated volume). IMPORTANT DATES The main macroeconomic events begin on Wednesday: • Wednesday, June 12, 9:00 (GMT+3) — UK GDP report for April, publication of the German consumer price index for May; • Wednesday, June 12, 15:30 (GMT+3) — publication of US consumer price indices • Wednesday, June 12, 21:00 (GMT+3) — the Fed's interest rate decision, as well as the FOMC statement; • Wednesday, June 12, 21:30 (GMT+3) — FOMC press conference; • Thursday, June 13, 15:30 (GMT+3) - report on the number of initial applications for unemployment benefits and the US producer price index; • Friday, June 14, 18:00 (GMT+3) — The US Federal Reserve's monetary policy report. *This post is not financial recommendation. Make decisions based on your own experience. by Crypto_robotics0
BTC viewBTC plunged with the U.S. government's announcement. I would like to share my VIEW with the reason for the resistance. There were 4 resistance in the same volume profile. There was a moving that deceived everyone who expected to break through if they were resisted three times. If you look at 1h, BTC gave you a short opportunity through the Gartely pattern. If you look at it 15m, you can stop hunting and plunged. 1.13 is the famous stop hunting level. Retail investors saw this pattern and expected it to rise, but it eventually fell. MM went for it and absorbed expectations for upside and subsequent liquidity and fell. (MM=Market Maker) Now, BTC have been supported on this basis. The HTF VIEW is looking at it like this. I'm expecting one impulse wave to come out while breaking the OB line. The resistance section shown will be a good short section. If it breaks upward over there and the 1h candle closes bulish, the downward view is disposal. It is thought that this section has a similar fractal to the present. Here's a similar example, which is ETH. These are the support sections. If BTC fall, keep an eye on them. If BTC break down this trend line, the downward trend is definitive. However, in terms of HTF VIEW, the BOX horizontal is still the big BOX side-stepping market. We need to be aware of this and buy and sell. We're still in a bull market.Shortby Die_Enigma0
Moonboy moonshotA reason Iike guessing prices with patterns is that in the absence of shocks, the same pool of market participants are likely to respond in the same way. Each run has its own quirks and status quo for what is the correct TA, so each run has its own reactions.Longby hkfjhfvb3
BTC Price Prediction and Elliott Wave AnalysisHello friends, Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna1
BITCOIN UPDATECRYPTOCAP:BTC in my eyes remains bullish. Still forms HL on the daily timeframe. Inside this massive ascending triangle pattern it formed another ascending triangle on a 4H timeframe. Let's wait for Monday. Full send after a clean breakout into new all-time highs.by luv_aji2
BITCOIN UPDATECRYPTOCAP:BTC in my eyes remains bullish. Still forms HL on the daily timeframe. Inside this massive ascending triangle pattern it formed another ascending triangle on a 4H timeframe. Let's wait for Monday. Full send after a clean breakout into new all-time highs.by luv_aji1
2024-06-10 bitcoin overview(Accumulation/TrenLine)The price recently pulled back from around 72k, which had been a strong resistance level. This is similar to how continuous buying activity at around 67k indicated an accumulation phase just before the price surge. Similarly, strong selling pressure was observed around 71-72k, and it appears a stop-hunting event occurred before the price dropped. The price is currently consolidating after hitting the previous trendline. I expect a minor rebound to the retracement zone (69.8-70.2k) followed by another drop, forming a typical downward wave. If the current trendline breaks downward, the first target would be around the previous accumulation zone of 67k. If it drops further, we might need to consider the 61-62k range. However, there's uncertainty about whether the trendline, if broken, will lead directly to the 61k area. because 61k is a quite distant price, there is doubt whether it will open up to this level. herefore, if we see support around 70.2k or 71k, along with additional buy signals, it might be better to abandon the bearish outlook and consider opening a long position aiming for a new all-time high.by pwm43671