BTCUSDLooking for short position within the current price range towards the FVG and possibilities to tap the bullish trendline. Price is rejection the resistance level in the same level "71980" as the PMH (previous month high)Shortby im_kurt_mkg0
Bitcoin PA and the FED Rate rises History since 2021 The chart explains itself really but we can see that BTC PA has not been effected Directly but more by the impact on other organisations, Mostly Banks. What will be interesting to see i nt eh coming months, is what happens when the FED curs rates, probably in September 2024. On average, when the FED Pivots, Stocks fall...people tend to forget this. We shall have to wait and see if Bitcoin can ride it out, thoguhj I feel ETF's have changed the game a LOTby Orriginal0
Expired BTC.USD Weekly outlook. 2nd WK JUNE 2024Expired BTC.USD Weekly outlook. 2nd WK JUNE 2024 > BULLISH 📈 CORRECT Closed Price: 70,769 Target Price: 71,895 | Strike Price: 71,992 JUNE12 24' Upper Range: 87,841 Lower Range: 55,949 Longby putIQ1
Bearish Ascending TriangleBTC could drop 30% by the end of July if it breaks down from the ascending triangle pattern.Shortby OptiPulseUpdated 6
Bitcoin bullish outlookI like how Bitcoin is respecting the support I have marked out. Off we can end the day with a string bullish candle to give a bullish engulfing I would like to see price go back to the highs. Maybe break them and retrace and continue the bullish trendLongby Laylo221
A Bullish Outlook for BTCUSDIn the ever-evolving world of cryptocurrency trading, recent developments in global monetary policy have sparked renewed interest in the BTCUSD market. With the European Central Bank's (ECB) recent decision to trim interest rates and today's release of better-than-expected Consumer Price Index (CPI) data, coupled with ongoing speculation of potential interest rate cuts by the Federal Reserve (Fed), traders are eyeing long positions in Bitcoin (BTC) with a bullish outlook. Adding to the narrative, recent market dynamics reveal a pattern of range-bound trading in the BTCUSD market, with the $72,000 level serving as a key resistance level. As we anticipate a repetition of this pattern, informed traders are positioning themselves strategically to capitalize on potential price movements. Here's how traders are navigating these market conditions: Capitalizing on Central Bank Policies: The ECB's decision to lower interest rates underscores the prevailing sentiment of accommodative monetary policies aimed at stimulating economic growth. In response, traders are flocking to Bitcoin as a hedge against potential currency devaluation and inflationary pressures, driving demand and upward price momentum. Interpreting CPI Data and Market Expectations: Today's release of CPI data, slightly below expectations but still indicative of moderate inflationary pressures, has provided clarity on economic conditions. With the Fed expected to follow the ECB's lead and implement rate cuts, traders are anticipating a favorable environment for Bitcoin investments, as lower interest rates reduce the opportunity cost of holding cryptocurrencies. Technical Analysis and Strategic Positioning: Building on recent market trends, traders are employing technical analysis to identify key support and resistance levels. With the $72,000 level emerging as a significant resistance barrier, traders are setting profit-taking targets (TP) at this level, anticipating a potential retracement or consolidation. For risk management purposes, a stop-loss (SL) level at $67,000 is being widely utilized to mitigate downside risk. Market Sentiment and Long-Term Outlook: Despite short-term volatility, sentiment remains overwhelmingly bullish among long-term investors, driven by Bitcoin's growing adoption as a store of value and inflation hedge. Institutional interest, coupled with increasing retail participation, further validates Bitcoin's status as a viable investment asset, with the potential for substantial long-term gains. In conclusion, the convergence of central bank policies, economic data releases, and technical market analysis paints a compelling picture for traders seeking opportunities in the BTCUSD market. By leveraging strategic insights and risk management techniques, traders can position themselves to capitalize on potential price movements while navigating market volatility effectively. As always, traders are encouraged to conduct thorough research, stay informed of market developments, and adhere to disciplined trading strategies to achieve their financial objectives in the dynamic world of cryptocurrency trading.Longby exlux990
Is it time for a Bitcoin rally? BTCUSD : Bitcoin is out of our flag channel but should hold above 67000. The movement we expect from Bitcoin is to move up to the specified targets. But we have two scenarios in mind. 1. Shorts position scenario: If it loses the support range of 67,000, it will move to the price of 65,000 And you can wait for the price to return to 67000 for a sell position down to 63000. 2. Long position scenario: Consider the flag is completed. And open your position at this point for buying with a stop loss of 59800 Or to be more sure of the start of the upward trend, we should set our buy stop position at the limit of 72500 and 74000. For the specified targets: 84 100 110by DisItsUpdated 2
BTC local levels to watch out for You can see here the FVG below that was taken during the Asian Range, and there's an order block above. These are key levels to watch out for when we get the NY-AM open for the CPI release today. I suspect we'll see a trade setup form around that time. Right now, I'm just eyeballing these levels, with the REH (relatively equal highs) just above the Asian range. This could act as a reversal point if we get a displacement from this level or the order block above. It's a bit too early to tell what will happen, so let's wait for the setups to develop. #BTC #Crypto #Trading #CryptoTrading #SmartMoneyConcepts #TradingView by salamanka0
Short BTCUSD Now ! Bitcoin has already reached a resistance that is suitable for whales to sell. I am waiting for it to drop from 67000 to 63000 and because I think it will drop to 50000, so I have no idea about the right price for Long position. Shortby mrata70
correction It is expected that the upward trend will change in the resistance range and the resistance trend line and continue the downward trend. If the price crosses the 127% level, the downward trend will be canceledShortby STPFOREX0
June 11 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. Tomorrow is the day when the CPI meets on Wednesday evening and the FOMC meets on Thursday morning. There is no separate indicator announcement from NASDAQ today. The beat alone continues to decline. In the long run, Bitcoin is on the rise, but From a mid-term perspective, just the two of us with Tether Dominance An endless power struggle continues. It seems like the direction will be decided tomorrow rather than today. The section where the rising pattern breaks in tether dominance and Based on the recovery of Bitcoin's medium-term pattern I created today's strategy. *Sky blue finger movement path Two-way neutral Short -> Long switching strategy 1. Short position entry area of $67907.5 / Stop loss when the pink resistance line is broken 2. Long position switching at $66795.5 / Stop loss when the green support line breaks away 3. $68,700 long position primary target -> Top secondary target After a vertical decline in an ambiguous position on the Bollinger Band 6-hour chart There was no clear short position entry point. You can operate as a short->long or long position waiting strategy. If you touch the bottom first, the green support line is $66795.5. The long waiting period can be in contact with the Bollinger Band daily chart support line. It becomes a seat. In that case, it is directly connected to the downward trend line. Bottom -> You can deviate significantly from section 1. You must be careful. Today I shook it moderately. After connecting after tomorrow, from CPI I think we need to come up with a new strategy. It's hard to explain, but as I left a comment, For beginners or those who only operate spot exchanges, I think it would be a good idea to run it after CPI and FOMC. 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 you by BitCoinGuideUpdated 3
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke below $68,546 support down to $66,323 support which tested and held on last dip, $67,716 being tested as of now, RSI on 4H and 1D getting better, $68,546 support to be regained to reattempt at $71,379-$72,162 resistance area. Watch given s/rby limitlessnash0
BTC possible setups Weekly, 2024/6/9Tomorrow Monday 10th, I see a strong possibility of downward movement first, dropping to 67000 - 66000 area. Then, we need to observe whether there is possible for upward movement. Possible long area: 1. 68400-68700 if it breaks down, then, 2.67000-66400 If 66000 breaks, then t0 62000 area is possible. Let's see how the week plays out. by Shin_diamondsUpdated 2
BTC DiscountsThis shows areas of Interest for discounts on BTC If trend breaks to the downsideby johnnyblaze10
Bitcoin ETF are strong, but the price Bitcoin remained below $70,000 despite news of substantial holdings by the BlackRock ETF. While ETF inflows continued last week, they failed to drive the price up. The presence of willing sellers, miners, and a lack of short liquidations have kept BTC within a narrow trading range. The Bitcoin ETF narrative has once again taken center stage, overshadowing altcoins and other protocols. In 2024, there were high hopes for new all-time highs driven by demand for physical coins. The introduction of various Bitcoin-based spot products sparked optimism for increased direct demand. However, despite indications of buying and holding, the BTC market price remains stagnant.Longby IPatrice1
BTCUSDThis Weekly FORECAST Opportunity for BTCUSD. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN0
Short BitcoinBitcoin failed to break above the resistance area at 70-72k area and is currently in a descending channel with a possible target to the lower channel and the major support demand zone at area 50-52K.Shortby WaelHaz1
BTC/USD Under Pressure After Failing to Test April HighBTC/USD trades to a fresh monthly low ($66561) following the failed attempt to test the April high ($72727). BTC/USD Outlook BTC/USD fails to defend the opening range for June as it extends the decline from last week, with a break/close below the $62780 (100% Fibonacci extension) to $64850 (23.6% Fibonacci extension) region raising the scope for a move towards $57590 (78.6% Fibonacci extension). Next area of interest comes in around the May low ($56,525), but BTC/USD may face range bound conditions amid the flattening slope in the 50-Day SMA ($65954), with a move above $70000 (38.2% Fibonacci extension) bringing the April high ($72727) back on the radar. --- Written by David Song, Strategist at FOREX.com by FOREXcom0
Short Bitcoin on Wave X Pullback Bitcoin appears to be forming a combination with one zigzag already complete. There exists a good shorting opportunity with the wave X pullback. Shortby epistemophiliac1
BTC / USD Monthly ChartHello traders. I just want to say this about Bitcoin... We can move sideways through the summer before we start the true parabolic push up. This doesn't mean we can't start the push up sooner, which I would welcome. If we look at the history of the halvings, this is all part of the normal post bitcoin halving where we are in the last phases before the move up. Any significant dip is an opportunity for the commone people to get in and establish generational wealth. Big G gets all my thanks. Lastly, I would like to see Bitcoin at the bare minimum of $265,000.00 by Oct. 2025. I would expect it to be higher, but that is the minimum return from this halving in my opinion. Thanks so much.Longby musclemilk00751
Cup and handle BTC USDwe can see a pattern that confirms a positive healthy grow trend which is known as cup and handle. Longby Wallstwizard100
77k is on the horizonThe formation of a rising pattern is about to end, it could be a flag, which could take us to 77K , if its not a flag we can go lower but at the end bull trend is intact. Longby AllAboutMoney1
BitcoinSeems we completed this correction phase with the Weekly oversold at the bottom. Looking for the cloud recovery to hold as we impulse higher. Prevailingnine 5/25/23Longby RaindropasUpdated 220