Bitcoin Weekend price prediction I hope you guys enjoyed the video; if you have any questions or comments feel free to comment down below!09:12by financialhour3
Trend Reversal by LUXHAIREThis indicator is showing trend Reversal signal and buy sell signal.by msaifulhaire221
highlited past dips to predict future development of the patternhighlited past dips to predict future development of the patternby aakurzy2
BTC Testing its limitsLook for Bitcoin to range for a day or so under the all time high. Followed by a breakout, retest (as support now) then off we go towards 90k. Why 90k you ask? Because that's the upward momentum pulled from the current bull flag pattern that BTC is printing. There are two estimates; A more conservative 90k that is almost inevitable if the bull flag breaks to the upside. As well as 112k based on the length of the "pole" in the bull flag. That said, we are human and we like nice round numbers. What do you think the odds are of BTC hitting 100k if we hit 90k? I'd say better than fair and most likely a sight better than that! Now you can't mention 100k without mentioning losses. People are going to sell at 100k because that's what we're built to do, take those all too tempting round numbers with those Wallstreet bets ape like gains and try and beat your fellow ape to the cashier's table. So caution here, if you're a short term hodlr it's going to get rocky around 100k. If you're a long term hodlr you've no fear. Sit back and enjoy the ride. Longby MrInvertigoUpdated 3
BTCUSD SHORT - THE ULTIMATE BIG SHORT SWINGHi all, This time I present my big BTC short position I already jumped into at 70800 BTCUSD price after taking short liquidity on 4th of June. This is multi-day/week SWING position entry! Risk - Reward ratio is around 1:4. If the price continue upwards, I will be adding to this position around 71500 and after sweeping 72k Stop loss for this trade is 74222. Take profit targets as presented. Good luck and have fun!Shortby eZ_RealUpdated 4
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
A Bitcoin Compression patternBitcoin appears to be compressing near all-time highs in what looks like an ascending triangle. Previously, Bitcoin would pierce the ascending triangle to the downside and the result would be the liquidation of all of the leverage in the system, then the price of Bitcoin would proceed to chop around more before eventually moving higher. Essentially, the ascending triangle pattern would be extended by double the amount of time, give or take. I have found this example in many uptrends in crypto and specifically in Bitcoin. While this scenario could certainly play out again, I lean more toward a sooner breakout before this type of scenario happens. Why? Quite simply - ETFs and big money have entered the market. A lot of these players are accumulating bitcoin for the long term in spot. The brokers will have a new fear to face besides waiting to liquidate people, what if they can't? It will force them to cover and the price could start driving higher sooner. This fact alone could lead Bitcoin to not follow its "usual" path of a breakdown first and an extension of its compression pattern and instead break to the upside and continue its journey further north. For now, we wait and see what happens. Cheers, TCDLongby ChartDudesUpdated 2
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
ECB Rate Cut Sparks Uncertainty: Bitcoin as a Safe Haven The European Central Bank (ECB) has decided to cut interest rates by 0.25% unanimously, reflecting growing concerns about the economic health of the Eurozone. With inflation expected to slow to 1.9% by 2026 and GDP growth projected at 0.9% in 2024 and 1.6% in 2026, the ECB aims to stimulate borrowing and investment to drive economic growth. However, many investors express doubt and uncertainty about these future projections and feel a high degree of uncertainty in the markets. Doubts about the ECB's ability to achieve these goals persist amid ongoing economic challenges and increasing global pressures. This doubt and uncertainty drive the search for more stable investment alternatives, making digital currencies, especially Bitcoin, an attractive option for investors seeking to hedge against economic and political volatility. The ECB's interest rate cut could lead to a weaker Euro, making dollar-denominated assets like Bitcoin more attractive to investors. When interest rates drop, borrowing becomes cheaper, encouraging individuals and businesses to borrow and invest. This increases market liquidity, which can boost demand for digital assets like Bitcoin. A weaker Euro means investors look for safe and stable alternatives to protect their money from inflation and currency depreciation. Bitcoin, which has a reputation as a safe haven and a high-performing investment despite the risks, may become a preferred choice for these investors. Therefore, this move could lead to higher Bitcoin prices as investors seek to capitalize on changing financial conditions and invest in assets that are considered safer and more valuable in the long term. Diversification is key to managing risk in your investment portfolio. Do not put all your investments in Bitcoin alone; diversify your portfolio across various digital and traditional assets. Diversification can help reduce overall risk and improve potential returns by leveraging the performance of different assets at different times. Only invest what you can afford to lose due to the high volatility in the cryptocurrency market. Investing in Bitcoin or any other digital currency should be part of a comprehensive financial plan that considers the ability to bear risks and potential loss of value. With these tips, investors can take advantage of opportunities in the digital currency market while minimizing risks and achieving their financial goals in the long term.by bbitar3
BTCUSD correction lower expected Idea No : 04 BTCUSD has been very bullish this week but prices have reached resistance we have 2 trendline breaks on H4 and it seems price should follow the arrow in the near termShortby myself4671
Where do you think this is going?Where do you think this is going? Is there any reason to believe it won't at least get to 120k? Where would it go if you do a measured move on log scale?Longby ChartsFascinate112
BTCUSD SeellMarket has sweept ARH and PDH we have displacement to the downside and IMB and MSS we enter off the IMB and target 1:2 RRR wth stops above the high Shortby Billionairegroup_co6
FOLLOW THE PATTERN with BANK ENTRY’S reads target $78,586Halving has been followed but with different volume. 1. White zigzag: History 2. Yellow zigzag: History vs what comes next 3. Green vertical lines are my bank entry’s, second I’ve already had added to one of my other ideas. 4. Same dip after bank purchase and right after the small dip, same uptrend. Power of regression trend says it all. Longby The_ForexX_MindsetUpdated 8831
Bitcoin Poised for Surge Towards $85,000?Bitcoin (BTC) bulls are back in the driving seat, predicting a potential surge towards $85,000 in the coming months. This bullish forecast comes amidst heightened anticipation surrounding key U.S. economic data that could significantly influence investor sentiment towards the Federal Reserve's (Fed) monetary policy trajectory. Technical analysts are pointing to a trendline formed by connecting several price points on Bitcoin's chart, suggesting a potential trajectory towards the coveted $85,000 mark. This technical analysis hinges on the assumption that the price will continue to follow the established trendline. Factors Fueling Bitcoin's Optimism Several factors are contributing to the renewed optimism surrounding Bitcoin: • Potential Fed Rate Cuts: The upcoming release of key U.S. economic data, such as inflation figures and employment numbers, is keenly awaited by investors. If this data indicates a softening of the U.S. economy, it could bolster expectations of a rate cut by the Fed. A dovish pivot by the Fed, potentially lowering interest rates, is generally considered positive for riskier assets like Bitcoin, as it increases liquidity in the market. • Institutional Adoption: The continual rise in institutional adoption of Bitcoin is another tailwind for the cryptocurrency. Major financial institutions are increasingly offering Bitcoin-related products and services to their clients, signifying growing acceptance and legitimacy within the traditional financial landscape. This broader institutional participation lends further credence to Bitcoin as a viable asset class. • Scarcity: With a capped supply of 21 million Bitcoins, scarcity is a fundamental property baked into Bitcoin's design. This inherent scarcity, coupled with rising demand, could theoretically drive up the price of Bitcoin in the long term. • Store of Value Narrative: Bitcoin proponents tout the cryptocurrency as a digital store of value, similar to gold. In times of economic uncertainty or inflation, investors often seek refuge in assets perceived as hedges against inflation. Bitcoin's limited supply and decentralized nature position it as a potential candidate for this role. Technical Analysis: A Bullish Case Technical analysts utilize price charts and mathematical indicators to predict future price movements. In the case of Bitcoin, some analysts are pointing towards a trendline established by connecting several significant price points on the chart. This trendline suggests a potential bullish trajectory for Bitcoin, with a target price of $85,000. It's important to remember that technical analysis is not an infallible science. Past performance does not necessarily indicate future results, and unexpected market events can disrupt even the most meticulously drawn trendlines. Challenges and Considerations While the outlook for Bitcoin appears promising, there are still challenges to consider: • Regulation: Regulatory uncertainty surrounding cryptocurrency continues to be a hurdle for wider adoption. Governments around the world are still grappling with how to regulate this nascent asset class. Stringent regulations could dampen investor enthusiasm. • Volatility: Bitcoin is notorious for its price volatility. This volatility can deter risk-averse investors. • Environmental Concerns: The energy consumption associated with Bitcoin mining has drawn criticism. If sustainable solutions aren't implemented, this could continue to be a black mark against Bitcoin. Conclusion Bitcoin's potential surge towards $85,000 hinges on a confluence of factors, including the upcoming U.S. economic data, continued institutional adoption, and Bitcoin's inherent properties as a scarce, digital store of value. Technical analysis also suggests a bullish trend. However, investors should be aware of the challenges posed by regulation, volatility, and environmental concerns. Longby bryandowningqln0
$BTC TOWARD $80,000 ?👨🏻💻 CRYPTOCAP:BTC UPDATE #BTC is trying to break its major resistance area of $72,000 to $73,000. It has been rejected multiple times from this area, and if it happens again, we could see the price drop back to its important support level of $68,000. However, ETF volume is increasing, which might help Bitcoin break through this resistance. - - - - - - - - - - - - - - - - - - - - - - Follow #CryptoEase and Share it With Your Crypto Mate 😉 BITSTAMP:BTCUSD Longby CRIPTOEASE1
The bottom is in! It is always funny to invert charts and see if you find the pattern compelling for a buy. If you find both the normal and inverted charts compelling, perhaps you shouldn't trade that day.by st4ndard0
Bitcoin long #bitcoinrange POC verry important level on the chart IMO. potential support long into ATH. 1.618 -target. lose the poc and i can see us rotating to to the VAL. no financial advice!! DO UR OWN RESEARCH AND MANAGE RISK CORRECTLYby Who_likes_taxesUpdated 114
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
US Spot BTC ETFs Garner $887m in Day, BTC approaches 72k BTC price approaches $72K: The price of bitcoin surged to nearly $72K on Wednesday after US spot bitcoin ETFs recorded their second highest single day of net inflows. President Biden vetoes a bipartisan resolution aiming to reverse an SEC rule on crypto custody services: The White House said the resolution would “jeopardize the well-being of consumers.” Robinhood buys exchange: Robinhood announced Thursday it has agreed to acquired Bitstamp, a European crypto exchange, for around $200 million. MicroStrategy and its chairman Michael Saylor have settled tax fraud allegations for FWB:40M : The company’s stock subsequently jumped more than 3% on Wednesday; the company maintains nearly FWB:15B in BTC holdings. Changpeng "CZ" Zhao, founder of Binance, started a four-month prison term in Santa Barbara, California: CZ admitted to violating the Bank Secrecy Act (BSA) in November. Shares in GameStop surged 21%: Keith Gill, "Roaring Kitty," revealed a $116M stake in the company, driving renewed investor interest and trading activity. 👤 Topic of the Week: What does KYC mean for crypto? 👉 Read more here by Gemini1
BTC New ATHBTC Reach To his Strong Liquidity Level On 67500 All set Up and This Week can hit New ATH Longby amp1991Updated 2