Bitcoin sellBitcoin has made another lower high, now is the opportunity to sell with the stop loss just above the last high Shortby gon08Updated 114
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.by SaeedSalehiniaUpdated 4424
Simple Bitcoin analysis (Long Term) Higher no matter what?Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.Longby JasonValiceUpdated 559
BTC Cup and Handle 100K in less that a year?Bitcoin looks to be in a very bullish pattern that has been forming for the last few years. Additionally with the pattern I see a secondary Bull flag pattern which suggests a minimum price target of $100k possibly by Christmas 2024. This is very similar pattern to the recent Gold pattern I forecasted 1.5 years ago. Longby cerveloist1
Potential Scenarios...So after going over many charts I'm of the belief alts have been front running BTC in fractal nature - this could mean BTC has a lot more downside in the shorter term (purple plot) or the other takeaway could be that BTC has done a really shallow retrace before getting ready to blast higher (white plot) - no matter how I slice it the end result looks to be prices going much higher and a big upcoming alt season looming - market will no doubt do it's best to shake out uncertain bulls right before blasting higher - many Bears are sold on the fact that they shorted a top at 70k~ levels and think it's all over...I think this view will be short lived and squashed later this year leaving many pessimistic market participants bitter and resentful more than they already are.Longby Swoop6115
BTCUSD will remain downIn bigger picture I am seeing BTCUSD to come upto 50k in coming days but it will take 2-3 month, however in short term my target is 60-61k Shortby sourabhlowanshi1
BTC Bullish by staying above 67690.09BTC have a target @75168 we climbing ..but should fly soon . Longby rekoo20Updated 1
#202425 - a weekly price action market recap and outlook - btcGood Evening and I hope you are well. bitcoin Quote from last week: bear case: Bears are doing the minimum required and rejecting bulls above 70000/71000. So they keep selling the highs but their current follow through is just not there. Last time we were above 70000 in March, market tried 3 times to stay above 70000 before breaking down to 56537. If bears do not break below the small bull trend line and the daily ema soon, I don’t think they will prevent the bulls from getting a new ath. If they get a big bear breakout below 68000, we could see bulls finally giving up and we could be in a W1 of the new bigger bear trend down to 50000 or lower. My preferred short term path is the red ABC correction. comment: Currently my favorite market to trade and comment on because I’m hittin dem swings big time. And because btc permabullz are entertaining and salty af. Market is clearly trading down again and they shout from the rooftops that we will print 80/100k soon. In all seriousness. Clear trading range 65000 - 72000. Currently in a smaller down trend probably to touch the bull trend line around 65000 and then maybe back up to test the upper triangle trend line around 67000 again. Bear channel and triangle, both patterns are in play currently. 66000 continues to be big support so it will take something to break through. If we do break below, 61000 is next. current market cycle: trading range key levels: 66000 - 69000 small range / 56000 - 74000 (big range) bull case: Bulls failed at the spike on Wednesday and that’s bad for them. What’s good was the fact that they produced tails below all daily bars and stayed above 66000. The pattern shows 3 clear pushes down and the third could not touch either the bull trend line or the lower bear channel line. Bulls want a reversal anyhow and their first target is the daily ema around 67700 which is also close enough to the upper bear channel line. Invalidation is below 64000. bear case: Bear targets are not met until they touch the bear channel or the bull trend line. So do we get a pullback to ema here or another push down before a pullback? I have absolutely no idea and neither does anyone else on twitter. So wait, look for signs of strength or weakness and ride the wave when it comes up. Right now bears need to break below 65000 again for lower prices. And yes, bears are in control as long as that bear channel is alive. Invalidation is above 69000. short term: If bulls break above 67000 that would be a breakout above two consecutive inside bars and that’s a but I do think everything below daily 20ema is bearish. So I’m neutral and look for shorts against the ema or on strong selling. medium-long term: Down to 50000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 30000 again but let’s make 40000 first and see how many want to buy there. —Adjusted 40000 to 50000 and 40000 to 30000 because we are staying so long up here above 60000. current swing trade: None chart update: Pullback was too high for a clear wave series so it’s more a trading range trending down. So update the bearish two-legged correction and added a bullish pullback to the ema before a stronger push down to 60000/61000.by priceactiontds1
BTC - 4H Rise PossibilityIn the recent price action, Bitcoin has shown a notable reaction to the resistance zone around $71,000 - $72,000, leading to a decline characterized by three distinct downward pushes. The third push, however, demonstrated reduced selling pressure as it failed to make a significantly lower low, indicating potential weakening of the bearish momentum. Crucially, the last two lows have formed around the previously established order block zone from the last leg up, a key area of interest that typically acts as a support. This area appears to have provided a base for BTC, preventing further declines. Given the current price structure and the formation of lows, there's a strong possibility for Bitcoin to recover and test the previous resistance zones again. Looking ahead, if BTC continues to maintain support at this order block zone and builds on the bullish structure, we could see a move towards the resistance levels at $69,000 - $71,000. Market participants should watch for bullish signs like consolidation or higher lows forming above the current support to confirm a potential rise. Overall, Bitcoin's ability to hold this support and recover suggests a favorable outlook for upward momentum in the near term.Longby Sober_Trading5
BTC - Weekly Forecast - 17 June 2024I have a bearish bias on BTC for the weeks ahead. My potential entries and targets are shown within the videoShort04:21by TraderRiz1
BTC. Weekly trading levels 10.06.2024 - 16.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 1
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 myself467Updated 1
BITCOIN: Bearish – Head and Shoulders + Ascending WedgeBITCOIN: Bearish – Head and Shoulders + Ascending Wedge Two classic Chartist figures were detected by the Wolf of Zurich: 1- An “ascending wedge” which would bring the price down towards $62,632. 2- A “Head and Shoulders” which would subsequently bring the price down to around $52,080. The EMA.50 and 200 also remain potential targets caution.Shortby Le-Loup-de-ZurichUpdated 16
BTCUSD Bearish ForecastHello there, The BTCUSD moved higher from the low of 67,430, reaching the 69,123 resistance level. A drop below 68,336 could continue down to 63,464. Bitcoin's volatility is expected to decrease, with 50-60% crashes being more likely than the 80-90% crashes seen in previous bear market. Happy trading K. Disclaimer: Past performance is not necessarily indicative of future results. Cryptocurrency markets are highly volatile and can change rapidly. It's essential to do your own research, set your own risk tolerance. This analysis is for educational /sharing purposes only and should not be taken as investment advice. Shortby KhiweUpdated 4
Macro Bitcoin ThesisThis will not be appreciated and who knows if it's right but here's my last macro prediction for the distribution of risk assets. Curtesy of x/ki_young_ju we have what looks like to be miner selling beginning. ETF inflows are still increasing, though. x.com We have what looks like Bitfinex exiting stage left. Easy to see when exchanges deviate from the Bitcoin average price we get tops. Bitcoin Dominance is topping as well. This will be the best time to predict where you are selling your altcoins as they are already popping off, and have much more room to grow from here while Bitcoin stalls. My idea for the flows of liquidity will be US firms will still want exposure to their Bitcoin through the ETFs but the rest of the world hasn't had the regulatory hurdles the US had, so they will be selling their Bitcoin to the US at top tier prices, causing a top, in my opinion. The price discovery periods for Bitcoin, although higher in price, will average less in magnitude. Longby copeharderUpdated 114
BTCUSD - Range... Breakout! Range... Breakout!Here is a clear view of the patterns I'm watching with BTCUSD. The main macro pattern is this ascending channel, drawn with a diagonal grey rectangle. Touch points on support and resistance are highlighted with red and green arrows. They are perfectly parallel, which increases my confidence in the validity of that range. We also have an established pattern of spending 7+ weeks chopping within a price range before a decisive breakout. These ranging chops are highlighted here with rectangles. How long will the current range of GETTEX:59K -$71K continue? And will it break out to the upside or downside? Well, since the bottom of the bear market, these ranges have broken to the upside every time. That is most likely to continue. However, in the case it breaks to the downside, the bottom of the channel support is now at $51K and rising. In the more likely case of an upside break, the resistance is around $125K and rising. The play here in my personal situation, as a long-term BTC hodler looking to add more when capital becomes available, is to set buy orders at the bottom of the range at $59-60K, and also at $52-53K in case it breaks out to the downside. And, if it breaks to the upside from here, to be ready to buy on the breakout, anticipating much higher prices. Good luck and enjoy!by funtimesUpdated 14
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
BTC-USD | 4H | SHORT | TECHNICAL CHARTHello traders, there are very few successful people in this business. Please do not believe or trust every trader and chart that comes your way. I have set my target on the chart. Those of you who know me know that my targets will always reach their target. Drawings are very important in this business. If you make the right drawings, you will reach your goals. Dear friends, I think there will be purchases from the BTC fibonacci 0.618 level. But if you want to receive continuous updates under this post, there must be at least 50 likes. Thank you to all the traders who support me by like. I wish you a happy trade. Regards, Love.Shortby TraderTilkiUpdated 9
BTCUSD Bearish Mood So farBTCUSD is in bearish mood. Rejecting multiple times and Just looks in the upper range in HTF. Requires strong catalyst to move upper but its just not there. Buyers should lose confidence and Sell. Going for a Short.Shortby Shiiza2
BITCOINBitcoin analysis Daily and weekly time frame Bitcoin's trend in the daily time frame is still bullish and for now it has maintained the support of the midline trading range of the day.by m0neyminer2
not looking goodNot a good start for the weekly. Let's see if this paints a higher low.Shortby chewbaca11111
BTC Plan of ActionLooks like BTC and DOGE have traded places in space-time. They're following each other in a warped calculation that I found after many hours of deliberation. I don't know if this is right but its why I originally thought the entire market would crash. However, then the rich would also lose billions. Doge was created to balance the market out, and, when needed, come out of the bottomless pit when BTC went in to take place as king crypto while BTC retraces. I fully expect DOGE to hit $1.50 - $1.75 before this is over and tank as fast and the same way as BTC does nowShortby Antizma220