BTCUSDTWe are completing the triangle, after completing the final wave, I expect the price of wave 5 to riseLongby imankohkan3
+4R Textbook trade breakdown☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!06:33by Yelli_trades112
BTC LONGMy guess is that BTC will go up on Monday / Tuesday. Like all i could be wrong but this is what i think. Two scenarios and if we go down i do not expect going down more then to 67k. If we go up we will test 72k again. My bet is on 72k since a lot f btc are being bought OTC and on coinbase paper trading.. Short are at all time high so i would like to see them get liquidated.Longby skubamnesuspejam1
There's a present!Sit on your hands until you can grap the present! Stay strong friends! Longby Ben_vouhUpdated 12
WHALE ENTRY's5 candlestick blocks. Price prediction to $70,883. I'm testing this new strategy. Smart Money Value line. Trend passes the contraction value line. The next contraction is around $72k zone. Longby The_ForexX_MindsetUpdated 11
BTC update in H4 chart Hello There is nothing more to say about BTC and please check lest ideas. This is just an update for its new wave counting ThanksLongby AMA_FXUpdated 224
BTCUSD/ No signs of bullishness on Lower/ higher time framesBTCUSD has complete retest of wave 5 thrice on higher time frame , Or the ATH has been been attempted to retest but failed. On lower TFs no sign of bulls either. Should it continue 66k or lower? D waves system is a private research and is used for recognizing correct dynamics. This is not financial advice.Shortby raghufxUpdated 1
$70,000 continues to be an obstacle for BitcoinYesterday, Bitcoin again tested the resistance near $70,000 but failed. After soaring to $70,258, it quickly dropped below $69,000, where it currently trades. Overall, not much has changed from a technical perspective since our previous update; merely the sideways trend of a lesser degree became more apparent, with Bitcoin struggling at the $70,000 mark. As such, our focus continues to lie at this point, along with the two sloped channels shown below. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) above shows the descending channel, with its upper bound acting as an important resistance for the price. To support a bullish case in the short term, it would be ideal for Bitcoin to close above the resistance level for multiple consecutive days; the resistance’s importance grows with each retest. Illustration 1.02 The image above shows the ascending channel within the larger descending channel; its lower bound acts as a resistance. Illustration 1.03 The illustration above displays an alternative trendline on Bitcoin's (BTCUSD) daily graph, which acts as critical support for the price. Technical conditions Daily time frame = Neutral Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Bitcoin addresses Initially, the number of Bitcoin addresses with balances exceeding 1,000 BTC increased slightly after the big slump we described on 29th May 2024. However, while this figure is still above its 28th May 2024 level, it resumed a decline in a new month, which is not a particularly positive sign. The same trend can be observed among the addresses with balances exceeding 100 BTC. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. by TradersweeklyUpdated 7
Trend Reversal by LUXHAIREThis indicator is showing trend Reversal signal and buy sell signal.by msaifulhaire221
Be on the lookout possibilities 5 min double top; yellow horizontal 1% and 1.5% ratio has been completed. White horizontal 2.30% might get filled. Three smart money bullish trendlines means uptrend. One of the top green trendlines reads $70,400 when setting it to volume chart. When using Heiken Ashi reads different price. Double top Heiken Ashi reads almost the same at $70,400 with smart money trendline when switching chart to volume. Newest most updated trendline smart money created is at the bottom at $69,890. We’ve seen in the past what’s happened. Smart money utilizes them as guidance for themselves. We also see 3 double top as another possible scenario by completing its course before the next move. 3 double top reads to tao one of the bottom target prices. Longby The_ForexX_MindsetUpdated 14
Detailed Technical Analysis of BTC/USD - 4H Chart MAY 2024Analysis Summary This comprehensive technical analysis of BTC/USD on the 4-hour chart provides an in-depth perspective based on GF1 LAB’s knowledge and methodologies. The chart reveals a symmetrical triangle pattern, a consolidation figure that could indicate a potential trend reversal. The time x price action is crucial for the market maker to validate the breakout of this figure. Detailed Analysis 1. Start of Analysis: • The analysis was initiated on September 26, 2023. • Identification of the control point and the main support and resistance zones to contextualize the price action. 2. Formation and Significance of the Symmetrical Triangle: • The symmetrical triangle, marked on the chart, represents a consolidation phase. • This pattern typically suggests a bearish reversal, indicating market uncertainty. 3. Time x Price Action: • The time x price action is essential to validate the breakout of the triangle. • Currently, the price has broken upwards, which is significant as it breaks the expectation of a bearish reversal. 4. Respecting the Formed Wedge: • The upward breakout respects the wedge formation, strengthening the validity of this movement. • Continuous observation is necessary to ensure the wedge continues to be respected. 5. Retest of the Breakout Zone: • After the breakout, retesting the zone is crucial to confirm validity. • A successful retest reinforces confidence in a sustained upward movement. 6. Previous Fakeouts: • Historically, there have been fakeouts, which are deceptive movements above or below critical levels. • These fakeouts were considered to better understand the current price behavior. 7. Support and Control Zones: • The real support zone and the old range lower zone were clearly identified. • These zones act as critical levels where the price may find significant support or resistance. 8. Projected Targets: • Final Target: The final target projection is around 66,734, representing a 96.65% increase. • Expected Bull Market Target: The expected target for the bull market points to a projected target of 67,344, with a 49.67% increase. • Intermediate Projection: Another projected target is around 62,126 (13.50% increase). 9. Wedge Patterns and Market Behavior: • Ascending and descending wedge patterns were identified, indicating potential reversal points. • Analyzing these patterns helps to predict future movements with greater accuracy. 10. Final Observations: • It is essential to pay attention to price behavior concerning the projected levels and support and resistance zones. • Consistency and validation of breakouts will be critical for informed decision-making. • If the breakout is validated, considering purchases from the indicated levels might be a prudent strategy. Conclusion This detailed analysis, grounded in GF1 LAB methodologies, emphasizes the importance of time x price action to validate breakouts on the BTC/USD chart. By closely observing retests of breakout zones and adjusting strategies as necessary, one can effectively navigate market movements, especially during consolidation periods and symmetrical triangle patterns. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and it is essential to conduct your research and consult with a qualified financial advisor before making any trading decisions.by GARIENF1Updated 2
Bitcoin getting ready to POP!?????I see what I want to see!!! Bitcoin chart shows a strong bullish trend within an ascending channel, with key support at $52,906 and resistance at $73,804. Fibonacci retracement levels indicate significant support, and the price action respects the Gann fan lines. Moving averages also support the bullish sentiment, suggesting potential for further upside if the resistance level is convincingly broken.Longby godspeedtexan1
correction It is expected that the upward trend will end in the current resistance range and we will see the beginning of the corrective trend. In the future, after the completion of the corrective pattern, it will be possible to continue the upward trendShortby STPFOREX3
Bitcoin Bullrun Rings (2016-2024)In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets were also proven to signal upward continuation. With regards to my additional ring placements, they help guide and navigate price action direction and assist in providing forecasted support, resistance levels and pivot points. The results are evident and harmonic, to say the least. Forward-looking projections and Key Takeaways: As I see it here, there is a little upward free-ranging until we hit either the above or below rings. Just keep in mind, typically once crossed, that price is not seen for a long time, or if not at all. One major clue in identifying major moves is when these cycle Rings converge or cross one another. On and around the week of the 20th of May 2024 we will be seeing a major crossing of Rings multiple rings. Some of which are not here due to the inability to visually comprehend. I have labelled some price targets, but be aware rings are not straight and price can, at any point hit a ring. As it stands now the peak of the upper red ring is coincidentally the 2022 ATH at 69K Final Thoughts Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings. Thanks Here is a link to the original post x.com I will be sure to post updates zoomed in as we approach a ring.Longby LiquidMafiaUpdated 3314
BTC Again Rejected from 71,61If the next day's candle closes below 70, we might see 68 again. let see next move Shortby KashifCh_ethUpdated 111
Bitcoin Formed a Triple TopBitcoin today is forming a triple top after consolidating days on this price before NFP and UR. UR comes higher than expected making the market crash in minutes. My conclusion it is that market will keep moving to the downside after this shift on the Labour MarketShortby manelfx3
BITCOINBITCOIN Tendency the price is a long pressure in between 70,475 and 70,079 Turning level : The turning level between 70,475 and 70,079 , so as long as the price above this level, there will be a bullish trend resistance level : trade above turning level between 70,475 and 70,079 , the price will rise to 71,364, as long as price stabilize this level, will be reach a new peak support level : braking a turning level 70.079 the price will reach the support level of 68.375 and 67,445 corrective level : price will attempt between 70,475 and 70,079 , correct itself before long, after makes a new peaks Longby ArinaKarayiUpdated 6
June 5 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. Based on tonight’s 30-minute chart There are two indicator announcements at 9:30 and 11:00. According to Nasdaq flow and Tether dominance movement I created a strategy. There's a lot of complicated stuff to explain, so I'll keep it very simple today. *Red finger movement path One-way long position strategy 1. $70698 long position entry zone / stop loss when breaking out of the green support line 2. $72446.5 long position 1st target -> Good 2nd target Section 1 at the top is lateral to the right. Section 2 at the bottom moves sideways to the right. From the point of departure from section 2, the pattern is broken. There is a possibility of further adjustment. The vertical line on the right is because tomorrow is a holiday. I have left a drawing based on the daily chart being generated on Friday, June 7th. If you drag up or down You can check support and resistance prices that are not visible on the chart. As mentioned in the Good section, This is the section where Bitcoin exceeds 100 million again. After the rebound on Nasdaq today There is a high possibility that there will be a downward movement. If this movement is an upward wave, or even if it is only a sideways movement, The beat can rise strongly. Please watch to see if Tether dominance is connected to a vertical decline. Because tomorrow is a holiday I'll take a break tomorrow and see you on Friday. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank youLongby BitCoinGuideUpdated 5
BTC Range Bound on H1The potential reversal points for Bitcoin (BTC) within the specified ranges of $66,600-$67,200 and $70,100-$70,600 are critical levels to watch for traders. Here’s a detailed analysis based on current technical indicators and market sentiment: Support Range ($66,600-$67,200): Volume and Price Action: There is a noticeable increase in buy volume when Bitcoin approaches the $66,600 support level, indicating that buyers are stepping in at these lower prices to accumulate BTC. This accumulation can lead to a price reversal if sustained buying pressure continues. Technical Indicators: The Relative Strength Index (RSI) often indicates oversold conditions when Bitcoin dips to this range, suggesting a potential upward correction. Additionally, the Moving Average Convergence Divergence (MACD) oscillator shows a bullish divergence in this zone, which is a strong signal for a potential reversal. Resistance Range ($70,100-$70,600): Volume and Price Action: Bitcoin has faced significant selling pressure near the $70,100 to $70,600 range, making it a crucial resistance zone. The price tends to reverse from this level due to profit-taking by traders who bought at lower levels. Candlestick Patterns: Bearish candlestick patterns, such as the bearish engulfing or doji, often form near this resistance level, indicating a potential price reversal. Monitoring these patterns can help in predicting short-term pullbacks. Technical Indicators: The RSI and Stochastic oscillators often show overbought conditions when BTC reaches this range, signaling that a correction may be imminent. Furthermore, the moving averages (e.g., 50-period and 200-period EMAs) can act as dynamic resistance, reinforcing the likelihood of a reversal at these levels. Potential Trading Strategy For Long Positions: Traders might consider entering long positions if BTC shows strong support and bullish confirmation signals within the $66,600-$67,200 range. Setting stop-loss orders slightly below $66,600 can manage risk effectively. For Short Positions: Conversely, entering short positions around the $70,100-$70,600 range can be prudent if bearish signals and resistance confirmation are observed. Stop-loss orders just above $70,600 can protect against unexpected bullish breakouts. Conclusion Monitoring these key levels, along with volume and technical indicators, can provide a strategic edge in anticipating potential reversals in Bitcoin’s price. Keeping an eye on market sentiment and broader economic factors will also enhance decision-making in trading BTC within these rangeby PepperTradeAIUpdated 3
I suspect a breakout is imminent Price has managed to hold this range for the past two weeks. Therefore it can said that there has been enough time for active sellers to sell. Spot flows are bullish. The perp market is not yet overextended. It seems most probable that equilibrium is higher.Longby r900004
Bearish engulfing Candle patternLots of info how to trade this, just sharing here incase you missed it - food for thought Shortby Joe9TUpdated 3
2024-06-06 - a daily price action after hour update - bitcoinGood Evening and I hope you are well. comment: Bears keep rejecting 71000 and it’s the 4th time bulls touched it. Something has to give, either bulls stop trying or bears defending. My money is on the bears. The bull trend line runs around 68500 and if bears can get below, I am confident that this was the last we have seen from prices above 68000 for a long time. If bulls can break above 72000, they will certainly print a new ath and it also means I’m wrong. current market cycle: trading range key levels: 56000 - 74000 bull case: Bulls either use the momentum now to print above 72000 or stop trying. The big bear trend line from the ath is holding somewhat since we are still making lower highs. I can’t find many arguments for the bulls here. They printed a decent double top on the 1h chart and a quadruple top on the daily chart. They kept the 1h bull gap to 69800 open and are 2000 points above the daily ema. Bull trend lines are intact, so they could continue trying to break above 72000. Invalidation is below 69000. bear case: They see the many many rejections above 71000 and the double top from today. They need much more selling pressure to close the gap to 69800 and test the lower bull trend line and the daily ema around 69000. Invalidation is above 72000. short term: Neutral between 69000 - 72000. Bullish above, bearish below. 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: Short from 70443, sl 71950 trade of the day: Trading range 70000 - 71500. Buy low and sell high at the extremes or don’t trade at all. Selling above 71000 has been profitable since March.by priceactiontds1