The cost of BTC after halving (May '24)At the moment, the cost of BTC is about $39K. After halving the cost will be about 88K for the best miner at an electric power price of $0.10 per kWhby TuzemoonUpdated 1
BTC simple analysis: Volume correctionElliot Wave on recent bearish trend finished. High volume candles where left behind. Waiting for volume correction. Chart bounced on 300% E.W. fibo. . Fibo is between 2 and 4 peaks of E.W. Expecting to reach at least, cloose to the top of closest H volume candle. Longby FtradorexUpdated 1
May 31 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. Nasdaq has an indicator announcement at 9:30. Today is bit and tether dominance It is really difficult to analyze because both sides are imminent. The possibility of a sideways move is very high. Tether dominance in patterns or flows It is more likely to rise than beat. Nasdaq is also in a situation where a rebound is unlikely. We created a strategy that was as safe as possible based on sideways movements. *Sky blue finger movement path Long position strategy 1. $67676.5 long position entry area / stop loss when breaking out of the light blue support line 2. $69,008 long position primary target -> Top secondary target Section 1 at the bottom is The major support line is 12 + the daily support zone. There is a very high probability that you will come down to this section today. So, I took the stop loss at a breakaway from the light blue support line. In this section, the rebound is weak or If there is a further decline in Nasdaq Bottom -> Section 2 at the bottom Please note that it may continue to flow throughout the weekend. Because there are no danger signals There was no final short position operation today. If today's strategy succeeds, over the weekend [ It looks like Bitcoin will surpass 100 million again. If you drag the analysis text up or down, I have left the main support and resistance prices above and below. I think it would be a good idea to use it as a reference. 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 Longby BitCoinGuideUpdated 5
uptrend As long as the price fluctuates above the support range, the continuation of the upward trend is likely. There is also a possibility of rising to the level of 138%Longby STPFOREX0
(BTC) bitcoin "rsi divergence"Bitcoin rsi divergence levels have reached a very low range based on a custom measurement and custom input source. Either way the price of bitcoin moved flat based on a previous low, leading into a bullish trend forming and the price travelling higher. by CryptocurrencyBlot0
BTC BreakdownWe could see a breakdown of CRYPTO:BTCUSD into the $64,000 range where it will find a strog support zone. From there, as long as we can respect the current trendline, we could see accumulation and start to gain some momentum, continuing the push to the upside. BTC will likely chase the Liquidity that sit's in the $72,000 range from the open short interests. imgur.com If BTC does chase the liquidity it could potentially set a new ATH while breaking out of the Cup & Handle formation, making it a very bullish situation. $75,000 and $55,000 are the zones to watch out for. by JKM_Trading0
BTCUSD - New heavens ?I said 2 things earlier but I changed my mind a bit - the first thing was that I wanted to wait on Monday to do a new post because of the geopolitical situation and the halving, what happened last night convinced me that the floor was here (of course I can be 100% wrong) - second thing is that from my last post, I said we could chill some months because nothing would happen, it still can be true but the situation looks familiar and this rebound just before the halving is kinda interesting, also summer is only in 2 months. So, for the little time frame, we are sitting under the 1H 200MA which is about to likely be break (or maybe is already it took me times to write this) I'm saying this situation looks familiar because the floor at the 0.786 fib which has been made during the past month is very similar to the one from Jan 2021 to June 2021(maybe not on the daily but if you zoom in you'll see it maybe) You can note the big uptrend going on after this, not saying that we will see the same but from that pattern recognition, and knowing that it works well here, I think we're heading to the new ATH : 100K, a big psychological resistance + a line resistance made from the past highs in 2021 Also this is interesting to notice that this new floor is at the past first ATH made in March 2021 Till this new ATH I don't really see any other paths that could happen (or maybe I refuse to see them, also I don't know about the time it will make) But then, here are the 2 scenarios I drew : - Pink : We go super fast too 125k, 20% retrace rule to 100K while chilling during the summer and we go back to new highs from fall 2024/January 2025 - Green : We go a bit slower doing a retrace of 20% at 100 and 125K (or, in this scenario, not doing at retrace at 125K is possible) I think those 125K and 100K are very important levels (that still can be drilled tho) for several reasons, the most important one is about the patterns BTC did the past cycles. Concerning this pattern, it is very likely that we are going to go up till the beginning of Summer, then we might see some months of sunny holidays to retrace and we will be back for 1 year of this famous bull run that might start mid fall 2024/early January 2025 Cheers good luck, Longby InvestwineUpdated 3
BTCUSD - Inverse H&S ?Previously attempt has failed so im gonna try this one in a bigger picture we are currently sitting on the daily 100 MA and an Inv H&S is in the making, if we go above 63K I think it will be in play target same as before ATH+++ if we break 100 MA Daily, 60k if we break 60K, 55555 for the fun then prob 50k cheers and good luckLongby InvestwineUpdated 1
#202423 - a weekly price action market recap and outlook - btcGood Evening and I hope you are well. bitcoin Quote from last week: comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls finally broke above it with force and bears quickly retested that price and it turned support, which gives the bulls some momentum. Market has not touched the daily 20ema for 11 days, which is very bullish. I have two paths forward Bitcoin could take imo. Either we are done with the latest small bull trend inside the bigger trading range and W5 ended at 71954 or W1 started around 61000 and the 71954 high was W3 and W5 could lead to a new ath. Answer should be given by Tuesday/Wednesday. Even if it makes a higher high, upside will probably be very limited and odds favor a continuation of the trading range. comment: Turns out my two-legged correction and 71954 being the high was pretty good and my C target was around 66600 and the low of the week was 66657. 67300 was resistance before and has turned support. We are right at the lower bull trend line and market will either break it on Monday or we will trade back up again. Right now it’s a very tight trading range and I would wait until we see bigger move with follow through. current market cycle: Tight trading range inside bigger trading range key levels: 66500 - 70000 small range / 56000 - 74000 (big range) bull case: 67600 is do or die for bulls. When this bull trend line breaks, their chances of another leg up are becoming very low. If market turns up again with momentum, we can see 70000 again and there market decides if it can try again of reaching higher prices. So far bulls were rejected 5 times above 70000. Invalidation is below 67000. bear case: Bears achieved their minimal target last week and rejected bulls again above 70000. Now they need to print lower lows to break the bull channel and make more bulls cover. I do think most bull stops will be below 66000 and they will probably not buy again until we hit 60000 or even 56000. Now comes the important part for the bears and I think Monday/Tuesday will set the direction of the next move. Just very slightly favoring the bears here but they need to get a good close below the daily ema which is directly under us at 67200. Invalidation is above 69000. short term: Neutral between 67000 - 69000 medium-long term: Down to 40000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged chart update: Removed bull channel and bull waves, added descending triangle.by priceactiontds0
Bitcoin (734,000$)Baby shark, doo doo doo doo doo doo Baby shark, doo doo doo doo doo doo Baby shark, doo doo doo doo doo doo Baby shark! Mommy shark, doo doo doo doo doo doo Mommy shark, doo doo doo doo doo doo Mommy shark, doo doo doo doo doo doo Mommy shark! Daddy shark, doo doo doo doo doo doo Daddy shark, doo doo doo doo doo doo Daddy shark, doo doo doo doo doo doo Daddy shark! Grandma shark, doo doo doo doo doo doo Grandma shark, doo doo doo doo doo doo Grandma shark, doo doo doo doo doo doo Grandma shark! Grandpa shark, doo doo doo doo doo doo Grandpa shark, doo doo doo doo doo doo Grandpa shark, doo doo doo doo doo doo Grandpa shark! Let's go hunt, doo doo doo doo doo doo Let's go hunt, doo doo doo doo doo doo Let's go hunt, doo doo doo doo doo doo Let's go hunt! Run away, doo doo doo doo doo doo Run away, doo doo doo doo doo doo Run away, doo doo doo doo doo doo Run away! Safe at last, doo doo doo doo doo doo Safe at last, doo doo doo doo doo doo Safe at last, doo doo doo doo doo doo Safe at last! It's the end, doo doo doo doo doo doo It's the end, doo doo doo doo doo doo It's the end, doo doo doo doo doo doo It's the end! Longby TrojanBible0
Bitcoin Halving Cycle"History never repeats itself, but it does often rhyme." ~ Mark Twainby WinvestCapital0
Bitcoin ( 630,000.00$)September 2013 Bitcoin's performance in 2013 was marked by significant volatility and substantial growth. Here’s a detailed look at its performance throughout the year: 1. **Early 2013:** - At the start of the year, Bitcoin was priced around $13. 2. **April 2013:** - Bitcoin saw a rapid increase, reaching a peak of $266 in April. - This surge was followed by a sharp correction, with the price dropping to around $50. 3. **Mid-2013:** - After the correction in April, Bitcoin gradually recovered and stabilized over the following months. 4. **Late 2013:** - In November, Bitcoin experienced another significant surge, driven by increasing interest and media coverage. - It reached an all-time high of around $1,151 by December 2013. 5. **End of 2013:** - By the end of the year, Bitcoin's price had slightly declined but remained above $700. Overall, Bitcoin's price increased dramatically in 2013, starting from around $13 and peaking at over $1,150, reflecting a surge of more than 8,700% over the year. This period was characterized by heightened volatility, significant media attention, and growing interest from both individual investors and the broader public.Longby TrojanBible0
2 DOUBLE TOPS at a 1% risk reward ratio Sorry traders; I accidentally left my encryption on while submitting this idea about 4 hours ago while BTC was dropping therefore no one could see it. All I did was add it to a plain chart. Below idea comment was what was said while submitting idea. Why the drop, well let’s scalp. Most recent double top is set to a 1% drop, can go to 2%. Last double top is at a 1% drop and met its course. Why 69k, because recent idea called “ FOLLOW THE PATTERN WITH BANK ENTRYS” reads to reach 69K then tiny dip. May be more or less because halving has different volume. I’m also showing reversal pending. Blue horizontal lines has a KROLL ATR measurement reader.Shortby The_ForexX_MindsetUpdated 4
Bitcoin - The Marco MazeHistory doesn't necessarily have to repeat! I see a lot of history based derivation for the timelines and price as to when and how high or low bitcoin can sore. As exciting and adrenaline pumping as these ideas seem, the outcome will just be as good as any coin toss! The truth however is the "macro maze" above. I've taken sensible assumptions to derive on the timelines and humanly possibe price floors and ceilings! In this environment sensible assumptions can easily turn out to be the most major blunder, so as I always say, please do your own analysis! How to read the chart? It's quite simple, red is resistance or sell, green is support or buy. The intersections are where Bitcoin's price would likely be attracted to. There is no saying with precision when and where it would be. Kinda of like the Schrödinger's cat, you will only know when it happens. Anyone who says otherwise has a 50/50 chance of being right. Now, are you a trader or a gambler? Stay safe, peace out! Disclaimer: These are not trading signals. Trade at your own risk!by TulpenFieber0
Bitcoin ultra bullish weekly in tactBitcoin is consolidating around previous all time highs. It has been following the green uptrend since Jan. We broke out above that channel on Feb 28th. After a little fake-out the previous channel resistance became support. Around the same time we were breaking out to new all time highs. Now the top of the green uptrend channel and the previous all time high are converging and acting as a new support. Sure looks like a massive cup and handle pattern we just printed on the weekly and monthly charts. On the shorter timeframes, Bitcoin is really holding on to that $67,400 ish support region. Anyhoo... NFA... I've been outsmarted by some dogs and still tie my shoes using the bunny ears method. Longby BottomZen3
PI CYCLES, HALVING, with NEXT ATH TARGETS $230k to $256KSimple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin to fall for correction. MAIN TOPIC for this is to follow the PI RED AND GREEN MOVING AVERAGES. Cycle 3 RED MA has not crossed over the GREEN MA. This is how we know BTC is not destined to fall yet, must first reach ATH before any Major corrections. Longby The_ForexX_MindsetUpdated 150150145
2 double tops at a 1% risk reward ratio Why the drop, well let’s scalp. Most recent double top is set to a 1% drop, can go to 2%. Last double top is at a 1% drop and met its course. Why SWB:69K because recent idea called “ FOLLOW THE PATTERN WITH BANK ENTRYS” reads to reach SWB:69K then tiny dip. May be more or less because halving has different volume. I’m also showing reversal pending. Blue horizontal lines has a KROLL ATR measurement reader. Shortby The_ForexX_MindsetUpdated 2
BTCUSD 8hrAs you can see, my trade still good! I even acquired a few more entries when Price dipped. It's Buy Time!!!! Bullish Continuation & New All Time High's are on the horizon! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTraderLongby TheeSnipeGoat1
BTC consolidates to 20 EMABTC is slowly grinding down to the 20 EMA here, in a bullish trend the 20 is usually held. The stochastic RSI has now bottomed on the daily but is still pointing upward on the weekly from a recent bottom, this is bullish for expansion. New all time highs did not come in May, but I do think June presents an opportunity, June historically is one of BTCs best months statistically. I think we see 78-79k this month based on those stats and the upholding bullishness. Buyers have been stepping in at these levels. A flush back to 66k flat would align perfectly with the 50 EMA and the bases and tops of the candles I marked with the red ray. Longby Apollo_CB112
BTCUSD BUYMarket sweeps PDL with strong displacement to the up side with MSS and IMB and breaker entry at the 50% of IMB and target 1:2RRR lets see how it goes Longby Billionairegroup_co113
BITCOIN on weekly🚀Hello, friends! Today I present to You a very simple chart. Each of You can describe it yourself. What do you see on the chart? Will it be the same this time? Thank You for showing interest in my work🚀 Always sincerely Yours, Kateryna 💙💛Longby RocketBomb131350
BTC forecasting As we see here in our logarithmic chart, Bitcoin has been adhering to this trend line curve since its inception. Each year, the upward angle decreases, aligning with an increase in the duration of the ascent and a decrease in the percentage of the ascent. The correction occurs at an almost constant angle until it touches the bottom line. If Bitcoin continues on this path, I predict it will reach $102,000 by September of this year, then it will begin a correction with an angle similar to the past, reaching prices between $44,000 and $49,000, which are support zones. Longby TTM_20223