BTCUSD - CUP AND HANDLE WEEKLY CHARTThis chart is only for educational purpose and it is not a recommendation for trading. This study is only based on past chart patterns which have been studied by various technical analyst.Longby be_you_akshayUpdated 4
hey there elliotwave analysehello< i am targetting wave 3 around 130k will take profits there... have a nice one and stick to the plan what you made ;)by martinhoeksema81
BITCOIN ( LONG )BITCOIN Tendency the price is a long pressure in between 67,913 and 67.432 Turning level : The turning level between 67,913 and 67.432 so as long as the price above this level, there will be a bullish trend resistance level : trade above turning level between 67,913 and 67.432 , the price will rise to 70,064 and 71,364, as long as price stabilize this level, will be reach a new peak support level : braking a turning level67,432 the price will reach the support level of 66.028 and 64,689 corrective level : price will attempt between 67,913 and 67.432, correct itself before long Longby ArinaKarayiUpdated 3
NEVER TRADE without ATRATR shows a good space to move up. My external source reads up. There’s an impulse which shows moving up and down but keeps aiming up. Please be aware of any sudden movements. Longby The_ForexX_Mindset445
BTC continues to rise after retreatingAfter the price fell below 68800, the upward trend has been interrupted, but The current price is stable above 68800, which shows that the market has been stabilized by the market force. Next, wait until the price falls to the resistance level to buy. Trading suggestion: Buy when the price falls back to 68600-68900, target 69500-69800 The above trading suggestions are for reference only, I will update the market analysis in my guidance group at any timeLongby q4yrf4Updated 1
ON-BALANCE VOLUME-Possible Target $70,378OBV green trend lines has been confirmed by OBV. For that reason they are aligned that way. The dotted arrow points to the top according to halving. Follow the white moving average which refers to price guidance. Indeed candlestick trend moved downwards as price guidance and now points to the upside Possible Target $70,378 Longby The_ForexX_MindsetUpdated 3313
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
There is uncertainty about the trend of BitcoinToday, Bitcoin rose rapidly after breaking through the resistance levels of 69840 and 69000, reaching a peak of around 70250. But then it unexpectedly fell rapidly, falling to around 68550 in an hour, directly breaking the important resistance level of 68800 I mentioned. These show that the short-selling force completely suppressed the long-selling force in the short term, and the bullish trend cannot continue in the short term. You can wait until the price rebounds to the resistance level to sell. At present, you can pay attention to the resistance range of 69500-69800 above. You can sell when the price rebounds to the resistance range of 69500-69800, with a target of 68500-68800 The above trading strategies are for reference only, and I will update the market analysis in my guidance group at any timeShortby q4yrf4Updated 3
Bitcoin on the Brink of a New Bull Run Post-HalvingBitcoin's price has begun to surge once again, indicating a potential new bull run following its recent halving. The price action is currently within a bullish channel, and technical indicators combined with Fibonacci ratios suggest the onset of a fresh bullish impulse. The Halving Effect: A Catalyst for Price Appreciation On April 19, Bitcoin underwent its fourth halving event. These halvings, which occur approximately every four years, are integral to Bitcoin's monetary policy. They aim to maintain scarcity by halving the inflation rate, which has now dropped to just 0.85%—a lower rate than that of gold, often deemed the ultimate store of value and inflation hedge. Over the long term, the reduction in Bitcoin's inflation rate is expected to drive price appreciation. As demand for Bitcoin increases, the limited supply of 21 million coins will face increasing pressure, creating significant potential for price rises. Even in the short term, the halving effect enhances Bitcoin's attractiveness as an investment. Historically, Bitcoin's price has risen by an average of 125% in years when a halving occurs. This suggests that, starting from the beginning of the year, Bitcoin's price could potentially exceed $100,000, offering substantial returns given the current price around $69,000. Furthermore, Bitcoin's best performance typically happens in the year following a halving, with historical gains exceeding 400%. Significant Institutional Interest and Bitcoin's Role in the Financial Landscape For much of its history, Bitcoin's rise has been driven by retail investors. However, this dynamic is set to change significantly. The approval of spot Bitcoin ETFs has made it easier for institutional investors with vast capital reserves to invest in the cryptocurrency. This influx of major Wall Street players is likely to exert unprecedented pressure on Bitcoin's finite supply, echoing its early days of high demand. The approval of a spot Bitcoin ETF also reflects the market's current perception of Bitcoin and its role in the financial ecosystem. In contrast, Ethereum (ETH), the second-largest cryptocurrency by market cap, faces ongoing debates over ETF approval as regulators determine whether it is a security or a commodity. This regulatory scrutiny extends to all cryptocurrencies, creating uncertainty about their classification. It's crucial to note that an SEC classification of a cryptocurrency as a security does not spell the end for that blockchain. Many of these assets are highly decentralized and would continue to operate even if faced with litigation from the SEC. Cryptocurrencies are traded globally and are not confined to the laws of any single country. However, regulatory risks are a significant concern for markets. Bitcoin stands out as a relatively safer investment in this regard. The SEC has already classified Bitcoin as a commodity, placing it outside the agency's regulatory control. This classification grants Bitcoin unique staying power and a degree of protection against regulatory scrutiny. Bitcoin's current bullish trend, supported by the recent halving and growing institutional interest, sets the stage for potential substantial price appreciation. The reduced inflation rate and increasing demand create a strong case for Bitcoin's long-term value. Meanwhile, its classification as a commodity provides a safeguard against regulatory risks, further solidifying its position as a leading asset in the cryptocurrency market.Longby FOREXN1Updated 114
BITCOIN Major Bullish Break-out taking place.Bitcoin (BTCUSD) broke today above the top of the Falling Wedge pattern, which is technically the Bearish Leg of May's Channel Up. If the days closes above it, we will have a repeat of the May 13 Bullish break-out but this time even stronger as the 1D Stoch RSI has formed a Bullish Cross on oversold territory. As mentioned on our previous analysis, the last Bullish Leg of the Channel Up peaked at +19.50%, so we expect BTC to replicate this. Our Target is 79000. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot5546
BTC to follow and complete consolidationI believe btc will continue with the pattern its been following and progress further downward in the near future.Shortby void_terminal114
BTC in Elliot Waves Pattern. Bullish flag breakout soon?Hello guyzzz! New week, new market update! We are still in the same 3-month bullish flag. Adding Elliott Waves and a red rectangle here, if we reach it, will be the best option to open long positions. Also, it seems like we're trying to retest the resistance line of the flag for the second time. If we don't reach the box, I think I will open a position around $66,000-$67,000 because, according to seasonal analysis, we are really close to the middle of the month, and the breakout can happen soon. For sure, I suppose the movement will not be very active due to low volumes and the summer season, so be careful, use SL, and follow RM strategy! Share your market vision in the comments 👇👀Longby SheTradesHub3
The Crucial Nature of Risk Management | Risk-Reward > Win RateWithin financial markets, the crucial thing to bear in mind is the need for reliance on proper risk management, and the prioritisation of the 'risk-reward' mechanism over the notion of 'win rate'. By risking only 1% of our total trading capital per trade and refraining from putting all eggs in the same basket, we are retaining consistent profitability in the long run through the law of big numbers and with the aid of the 'risk-reward' principle. As it could be inferred from the illustration, by risking only 1% of the total capital per trade, with an average of 1:3 risk-reward and a win rate of 40%, it is possible to generate a return of +4% by executing eight trade positions only. Educationby Investroy2
🔥BTC might be ready to target 75k: Update and multitimeframe🔥Please see previous ideas for more context ☝️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!!Longby Yelli_tradesUpdated 7712
💡BTCUSD Multitimeframe Analysis💡☝️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!!Longby Yelli_tradesUpdated 6610
BTC. Weekly trading levels 3.06.2024 - 7.06.2024During 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 3
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Back on $68,546 support after testing $66,961 support, Previous 1D closed weak, $69,813 resisting currently, RSI on 1D and 4H looking good, needs to break above $70,766-$71,379 resistance area, continue watching S/Rby limitlessnash1
Bitcoin in the short and medium termBitcoin in the short and medium term: According to the previous analysis, Bitcoin stopped at $56,500 before reaching $52,000 on May 1st, and the second wave of the previous analysis has started from this point. This analysis shows the continuation of the path in more detail. Based on this analysis, this week we will see the price of Bitcoin drop to $58,000 and then within the next two weeks, Bitcoin will grow to the price range of $70,000. As you can see in the chart, after that Bitcoin has a heavier fall ahead and will fall to the $27,000 range in the coming months. @JalilRafieefard May 14, 2024Shortby JalilRafieefardUpdated 224
BTCUSD 1DBTC ~ Updated #BTC The bulls continue to maintain their dominance. it's just a matter of time. The highest price will soon be formed. Our short term target is $80,000Longby CryptoNuclear3
Bitcoin short below $73k resistanceThis pair failed to beat the previous resistance between $72k to $74k and now it will have to turn south to find some momentum. If BITSTAMP:BTCUSD falls as predicted then the 1st line of defense will be at $63k then #60k and finally 58k Always do your analysis before placing and trades and use a hardstop loss in all your trading activities Shortby alonso780225
Potential bullish rise?BTC/USD has just bounced off a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could rise to our take profit. Entry: 68,780.38 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 57,088.62 Why we like it: There is a pullback support level. Take profit: 71,933.78 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets6
SMART MONEY CONTRACTIONS Here are your smart money contractions. The candlestick trend always visits the value lines. Possible POI locations. Zigzag pattern according to contractions. I added a candle since it's about to fall into that location. I've colored the contraction white since we must wait for green or red. In my opinion, it will be green according to my analysis. Longby The_ForexX_MindsetUpdated 121218