BtcAccording to the previous analysis, 67400 was touched and the range of 64900 that was mentioned dropped to 65100, but two reversal points can be seen in the chart to continue the movement. 67000 68500_68000 In addition, positive divergence is evident in 4 hours and 1 hourby kingbtc3665
Dip to 3700 then up? Top to Bottom bands possible Here are the bollinger bands on weekly, looking like the top bands is containing, we might see a move to the moving average, and if that fails, bottom bands big wick and then we go bullish. Perhaps. I will definitely want to buy a small position at least if there is a dump to so low. Just like eth dumped from 1200$ to 100$ once and it was correct to buy, I think if btc dump to 3700$ it will be correct to buy. Shortby TheChartWhispererUpdated 445
$BTC Idea For Next TradeConfluences: BTC 1D Market Structure based retest pending, BTC will drop rapidly because of Double Top formation in 1D Chart. Stay safe until BTC gives this correction. Cheers 🥂by kalesh69551
"Bitcoin Analysis Update: Market Indecision and Trader Fatigue"💹 Let's dive into the Bitcoin analysis we shared last week, update it, and discuss the conditions for the upcoming week! 🌟 Weekly Updates: Starting from Monday to Wednesday, we'll cover , Monday: Bitcoin and Dominance analysis , Tuesday: Ethereum and ETH/BTC analysis , Wednesday: Gold analysis These are in addition to our daily analyses. 🎉 Channel Milestone 500 Followers: Thank you all for helping this channel reach 500 followers! Our next goal is 1,000 followers. Let's keep growing together! 🔍 Previous Analysis Review: In the previous analysis, we anticipated breaking the 71,710 resistance and initiating a new bullish move. However, with significant news events, including interest rate announcements and Powell's speech, the market experienced a decline and volatility, making the upward move unfeasible. After breaking the 67,185 support, Bitcoin saw a downward move without significant momentum, as the increase in BTC dominance (BTC.D) primarily affected altcoins, leading to a steeper decline in their values. 📊 Weekly Time Frame: We are still in a strong upward trend. The first confirmation of a correction will come if the 60,648 support is broken, potentially starting a short-term bearish wave. Key levels to watch based on Fibonacci and support/resistance are 50,700, 47,000, and 40,800. Last week, we broke the long-term parabolic trend line, losing the opportunity for support from this line. A parabolic pattern is a trend-based curve that reacts to price touches, leading to price movement. Breaking this line in terms of time suggests a range-bound market, while a price break increases the likelihood of a correction. 📅 Daily Time Frame: On the daily time frame, we are still ranging, which is expected after a sharp upward trend. This period of time and price correction has tired traders, resulting in significantly lower trading volumes. This daily box can be considered a distribution zone, especially if the 60,648 support breaks. Signs of this box typically include a sharp upward trend, purchases by inexperienced traders, and positive news. A break of the support confirms this, while a break of the resistance suggests new higher levels. ⏳ Four-Hour Time Frame: After breaking 67,185, volume increased, and post-pullback to this resistance, candle sizes shrank, and volumes dropped. This led to a bearish engulfing pattern and a drop towards the 65,149 support, which is currently holding. Breaking our triggers doesn’t bring significant momentum due to the range-bound market. It's wise to quickly secure profits in positions and not hope for high risk-to-reward ratios. Even lower risk-to-reward opportunities can be lost. Remember, we don’t trade below a 2:1 risk-to-reward ratio. 📊 In the range, secure profits early to be ready to trade in either direction post-breakout, maintaining a better mindset and taking risks only after box breaks when trends develop. 📉 Short Position Strategy: consider entering after breaking 65,149 with volume confirmation. 📈 Long Position Strategy: wait for the market to establish itself or reach 71,710. Missing out now isn't detrimental, and a market with momentum is much better. 🔑 Upcoming Supports and Resistances: Supports: 63,132, 60,648 Resistances: 67,185, 71,710 💰 Dominance and Strategy: Bitcoin dominance (BTC.D) faced resistance at 55.71% multiple times, potentially prepping for a new move. Next week, if Bitcoin rises and BTC.D increases, prefer long positions on Bitcoin. If BTC.D falls and Bitcoin rises, opt for altcoins. Conversely, if BTC.D rises and Bitcoin ranges or falls, short positions on altcoins are advisable. Note that BTC.D doesn’t reflect real supply-demand, but understanding dominance trends can offer better insights. 🔍 Liquidation Heatmap: High orders are around 64,990, with Bitcoin currently finding support here. Volume has decreased over time, and most market movements are due to non-directional trader activity. 🕵️♂️ Stay updated and analyze the market daily to remain engaged. These ranges often aim to push traders away, only to move after they’ve lost interest, leading to FOMO positions and further price momentum. 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.by RealMRA3342
"Bitcoin Analysis Update: Price Stagnation and Uncertainty"💹 Let's dive into the Bitcoin analysis we shared last week, update it, and discuss the conditions for the upcoming week! 📅 Weekly Updates: Starting from Monday to Wednesday, we'll cover , Monday: Bitcoin and Dominance analysis , Tuesday: Ethereum and ETH/BTC analysis , Wednesday: Gold analysis These are in addition to our daily analyses. ⏳ Previous Analysis Review: In our last analysis, we expected a move towards the key resistance level of 71468 and a subsequent rise to higher levels. However, this didn't happen. On the first attempt to break this resistance, the volume was adequate, but on the second attempt, the volume significantly dropped, resulting in a heavy rejection. 💡 This rejection was linked to the DXY (U.S. Dollar Index). Essentially, the dollar's strength increased, not Bitcoin's value decreasing. After this news and a sharp bearish candle, Bitcoin is now ranging with minimal volume. 📅 Higher Time Frame Analysis: On the weekly time frame, Bitcoin, after its first contact with the 71710 resistance and a subsequent rejection, faced a correction. Post-correction, it's moving towards the resistance but with very low and unacceptable volume, indicating traders' indecision—meaning almost no one is opening positions on Bitcoin. 🕰️ Daily Time Frame Analysis: On the daily time frame, after a strong upward trend, Bitcoin has been ranging for about 100 days, which is completely natural. After a strong upward trend, prices need to rest, either through price correction or time correction, and during this period, the market tries to wear out the participants. You should know that financial markets are not designed to be stagnant; they must move to give profit to someone, whether it’s you, another trader, or the exchanges. These price movements are meant to tire people out and make them step away from the charts, only to return and open positions impulsively during a FOMO phase. 🗣️ Four-Hour Time Frame Analysis: In the four-hour time frame, we're still within a price range. The fixed volume range tool indicates this. I use this tool to avoid opening positions when amidst high volumes but make sure to have positions when breaking through high volumes—it's a sort of deterrent tool for me. 📈 Long Position Strategy: We can open a long position after breaking the 71710 resistance, but keep in mind that there’s a possibility of a fake breakout. If we approach this resistance with increasing volume, you can set a stop-buy in advance. 📉 Short Position Strategy: Currently, I'm not opening short positions on Bitcoin. I'll wait for a break below 67185 and if Bitcoin dominance is rising, I’ll only use this as a confirmation for shorting altcoins, not Bitcoin itself. 🕵️♂️ Bitcoin Dominance: Bitcoin dominance broke the 54.71 resistance we identified and continues its upward trend. It could move towards the 55.71% and 56.09% resistances. For the upcoming week, it’s better to focus on long positions in Bitcoin or coins that are rising in the BTC pair, such as ADA/BTC, SOL/BTC, or JASMY/BTC, to gain more profit. For short positions, I’ll use the break below the 67185 support as confirmation for shorting altcoins. Keep in mind, dominance levels can change during the week; I’ll provide an update on this soon. 🔍 Liquidation Heatmap: We may soon add a new section to our analysis, covering where long and short positions get liquidated, causing whale candles on the chart. Currently, many short positions could get liquidated between 72100 and 72600, potentially pumping the price as short liquidations essentially open long positions. More on on-chain data analysis soon, but keep this in mind for now. 🔑 Support and Resistance Levels: Support: 67185, 64512 Resistance: 71710, 73438 🌟 We are also close to reaching 500 followers. If you liked this analysis, please follow and boost! 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice . We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA66132
Bitcoin Major Bearish Development (First Time Since Late '23)Notice how in May Bitcoin closed below the blue EMA line but quickly recovered ... Bitcoin only traded below this level in late 2023 as part of a consolidation phase, not part of a bearish wave. Now, Bitcoin moving below this moving average with a full red-candle is a major bearish development; it confirms what we have been warning you for from months... It confirms a major crash the likes of which you have never seen before. Let me remind you something, because if you are reading this you are following me, and if you follow me I appreciate you; I appreciate your support. It is not the same to say, "Bitcoin will trade below $40,000," as to having the actual experience. When the crash starts to happen, it will feel like the end of the world. Everything will become negative, it will be amargeddon... Or at least it will feel like this and there will be an impulse to sell because of panic. It is not the end. The world is not going to end... Bitcoin is not going to end; in fact, a correction will only make Bitcoin stronger and it will guarantee that we will have massive growth in late 2024 and 2025, so it is better if it happens than if it doesn't. You see, if there is no correction bad players, weak hands and the rest, won't be removed and this can make the market shake. After the correction is over and done, we will have a stable market, stable players and thus, stable growth. Stay with me... We are only getting started. We let prices go down; we cannot avoid it but ... After we go down, we move up stronger, all the way to the top. This is just a friendly reminder, you know you have my support. Can I count on yours? If yes, just boost and comment and follow for more. Namaste.Shortby AlanSantana2225
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward. I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels. Here’s a brief overview of what we cover: 📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points. 📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation. 📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels. Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions. Short09:43by tradingwithanthonyUpdated 6612
BITCOIN - Price can continue to decline inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it at once made upward impulse from support line to resistance area. Then it turned around and made correction to support level, after which rose to resistance line and soon fell back. Next, BTC made upward impulse to resistance area again, exiting from wedge, but at once started to decline in falling channel. Price made fake breakout of $71400 and in a short time declined to support area, after which bounced up. Now, Bitcoin tries to rise, therefore I think it can make a small movement up and then bounce down to $65200, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon226
BTC big move is expected soon !BTC / USDT 1D – BTC is in accumulation range since 100 days ! – I think the big move is coming very soon –Since the price is holding well just below resistance the chance of breakout is high – There is also an inverse H&S printed which is good bullish pattern Note : we can see strong fluctuations near resistance line but price needs to break and hold above it to maintain upward trend Do u agree ? Best of wishes Longby BabenskiUpdated 181890
BTUCUSDT EQUIDISTANC DESCENDING CHANNELMFI shows a bullish divergence and a pullback up is possible but the overall trend is still down LL and LH. Very high probability for the price to pullback up into the VAL line and the strong resistance level before doing down again . Enter short after the pullback up completion and a reversal candle stick while MFI still below 50 level Good LUckShortby Alpha_54321445
Bitcoin : Intraday Support was broken !Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin (1h) (futures) Traders can open their Sell Trades NOW ⬇️ Sell now or Sell on 66600.0 ⭕️SL @ 67500.0 🔵TP1 @ 64400.0 🔵TP2 @ 63000.0 🔵TP3 @ 61500.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Shortby pullbacksignalUpdated 3319
Bitcoin can bounce from buyer zone to resistance line of channelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago bounced from the support line and started to grow to the resistance level, which coincided with the seller zone and even soon exited to this zone, breaking the 70800 level. But later, BTC turned around and started to decline inside the downward channel, where at once broke the 70800 level one more time and support line soon too. Next, the price fell to the support line of the channel, after which rebounded up to the resistance line. Bitcoin at once turned around from the resistance line of the channel and in a short time declined to the support level, which coincided with the buyer zone. Then the price bounced up and tried to rise, but failed and made a correction to the 65200 level, after which made little movement up again and quickly fell back. Recently Bitcoin started to grow, so, in my opinion, it can decline to the buyer zone, after which the price will turn around and rebound up to the resistance line of the downward channel. For this case, I set my TP at 67300 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀 Longby LegionQ8225
BITCOIN - THE POTENTIAL TRICKERY IN ONE PIECE BINANCE:BTCUSDT Chart is self explanatory. Take the first and immediate buyside liquidity or both then cause more exhaustion and frustration by heading lower within the range before taking off. Meanwhile price is still moving in accordance to our previous analysis, price dropped to the box precisely and took of from there. (see previous analysis below for context) PREVIOUS ANALYSIS OTHER ANALYSIS BINANCE:GMTUSDT BINANCE:ARBUSDT BINANCE:PEOPLEUSDT BINANCE:RSRUSDT BINANCE:NEARUSDT by DewyCandlesUpdated 448
There Is No Reason To be Bearish In Here📊 At This Update I Wanna Describe a Summary About My Main View About The BITCOIN 👉 At High Timeframe There Is a Bull Flag Which Start Forming From March Till Now And In My Opinion The Wave C And Bottom Of This Bull Flag Was 56k 📈 Currently The Price Playing Below The Important 72k Resistance And We Have a Another Bull Flag By Clear ABC Formation Below This Resistance At Lower Timeframe ,Bounce From Here Toward a 72k And Then Breakout Is a Thing I Expect For The BTC For Next Days 👉 Any Breakout From 72k Will Lead The Price Toward a 75k And 84k ,Also I Opened a Long In Here Longby Bullish_TradersUpdated 2216
BTC at HTF range middle 📉 Bitcoin Daily 📈 Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week. Higher timeframe picture and conditions remain the same. Acceptance below 66k will lead to BTC drop down to 63-64k and possible dips down to 59k (HTF range bottom). Last week close gives me bearish vibes - even if this week close above range middle chances to see those dips are close to "guaranteed". Nearest liquidity pools: above - 67260 / 67720 / 69195 / 70290 below - 65675 / 64885 / 64220 / 63080 Lines on the chart: 🔸72132 - May high 🔸71363 - March close 🔸69667 - week close 🔸68540 - week close (May) 🔸67577 - May close 🔸66653 - week close 🔸64025 - last April week close Trend: D ▶️ W 🔼 M 🔼 🤑 F&G: 71 < 71 < 74 < 74 < 70by WiseAnalyzeUpdated 443
What About Election Year; How Will It Affect Bitcoin?We have experience with 2018 (mid), 2020 (pre), 2022 (mid) and now 2024 (pre). Ok... I will need your help because this is all speculative opinion and we have no experience with politics... How is Bitcoin likely to be affected by the USA elections? ➖ We have experience with a capitulation process matching the 2018 midterm election (bearish-negative). ➖ The 2020 presidential election resulted in a continuation of a major bullish cycle. Capitulation happened much earlier but in the same year (March 2020). ➖ In 2022 the midterm election matched another capitulation process and bottom (bearish-negative). ➖ In 2024, we can assume that Bitcoin will be in a bullish phase when election time comes; based on previous patterns and price dynamics. 👉 Since Bitcoin is shaking now, we can say that the current market situation supports our main bias. Rather than Bitcoin producing a low now, June/July, and then moving to produce a lower low in November to then proceed to perform its major bull-market bull-run bullish rally, instead, Bitcoin can easily produce whatever bearish/negative action it needs to produce now, June-August, to grow straight up all the way to the new ATH in 2025. 👉 Based on past history, we can assume that this election year will be positive for Bitcoin. Not that I am biased to my own projection, but that a correction is needed sooner rather than later for the historical patterns to hold. Please, share your own views and opinions in the comments section below. Namaste.Longby AlanSantana2225
BTC's Situation: What Shall we Expect !!!BINANCE:BTCUSDT As you see BTC completed the 5th waves, and now it's time to start corrections waves(abc), i expecting the price can falling to PRZ zone. that's it! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!by CobraVanguard49
BTC - DECISION TIME FOR BTC (JUNE 2024)BTC - DECISION TIME FOR BTC (JUNE 2024) I believe June 2024 is a critical decision time for Bitcoin. There's an 80% chance it will rise and a 20% chance it will fall.Longby Ehsan_1307Updated 228
BTC Short Update - Back at First EntryBitcoin is back at the first entry on this massive short idea. We did rise up to fill the higher entry. Per my analysis what Bitcoin is truly doing - is weaving above and below this major bearish trend line. What looks like a wedge, is rather this interaction above and below this bearish trend line. Zooming in can show a clear cut through and respect on either side. DXY is completing a bearish retest when forex starts up in just over 24 hours. Very possible we see some dramatic movement this weekend. Shortby DickDandy343440
High detail roadmap for #BitcoinThe situation is extremely sensitive But I am here to explain to you the next move of #Bitcoin with reason 1- In the 4-hour time frame, there is a possibility to confirm the divergence, and to confirm the divergence, it must stabilize above the yellow BEARISH channel in the 1-hour time frame (valid break). 2- If the yellow channel is broken, is there continuous growth? Not necessarily There is a continuous growth only if it closes above the price of 67370. In this case, it can continue its growth up to the specified targets, even the new HIGH Targets: 1- 68457.98 2- 69752.55 3- 71450-71990 4- 74161.73 3- Is it possible to have a drop from here? Yes, but for now it should be assumed to be temporary The reason is that we are above the key daily time support of 65357.53 4- In case of DROP, what areas are possible for LOW construction? First: range 65357.53-64956.87 Second: 63871.27 5- In what way is the DROP continuous? Only in the case of a continuous fall, it can break down the support of 65357.53 in the daily time.Longby TechRoadUpdated 2216
BTC TO THE MOON OR WHAT IS GOING ON!?Hey! Looking at bitcoins price action from march to June I think most people would predict a downtrend back to 60-61k. In my opinion we do have strong support in the 66k zone. Which we are now bouncing out of and upwards! Combined with an oversold RSI on the 4 hourly and a weak bearish Macd (that will soon flip bullish). I would assume and have already put money on a long position with entry at 67008 usd with a 100x leverage. I will make this trade risk free as soon as I can but have to wait for the right market conditions. My stop loss is currently at 66834,7 (about 100 usd to lose at the moment) and take profit is at 71747 usd (about 3000 usd in profit). On this trade I started with about 440 usdt and feel confident that I will at least make some money with my strategy. I would highly advise you to risk free the trades if you are not using this concept. Looking at the facts we did bottom out at the 66k area (support zone). You could also say that we got a double rejection here at the 4 hourly. On the smaller timeframes, let’s say 15min, we did form a smaller ascending triangle (bullish). It is also coming out from a strong support zone so these things combined could easily send us to 71-72k (these are major key levels at the macro trend). On top of that we do have a triple rejection inside the resistance of that smaller descending triangle. I would assume that I got in at the perfect time and that we are heading towards the previous tops once again in the next day or maybe two to three days. Leaving me with about a 1000% ROI Shortby Theking69Updated 664
BTC looking bullishI believe that we are going to have another short bullish run, following our trend.Longby Continum333
Bitcoin Analysis==>> FallingBitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 . In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign ). Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks . I expect Bitcoin to continue falling at least to My targets . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Shortby pejman_zwinUpdated 272794