BTCUSD 1MBTC ~ 1M #BTC on Monthly Time Frame BITSTAMP:BTCUSD Looks very good. The retest of the support line has been successful. Our short term target is $80,000 Our long term target is +$100,000Longby CryptoNuclear1
BITCOIN - BTC/USD 4h Technical analysisThe basic trend is bullish on BITCOIN - BTC/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 68,657.99 USD. Sellers would then use the next support located at 68,034.78 USD as an objective. Crossing it would then enable sellers to target 67,566.93 USD. If there is a return to above the resistance located at 69,749.05 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 70,216.90 USD and 70,840.11 USD by extension.Longby abouelUpdated 0
Double Top/Double Bottom/Triangle Duplicate idea 3 to show smart money movements. Double top downtrend rejection but later made its move to a fall creating a double bottom. Short position belong to hidden double top. Smart money green and red trendlines; all I did was retrace and applied to chart which are areas where smart money revisits. Reads triangle, hoping for a breakout which consists with double bottom. FYI: since double top is complete; trend may go sideways or make its way up. Hidden double tops have gone down as low as 2.29%. Target is at 2%. Longby The_ForexX_MindsetUpdated 14
BTCUSD Daily Rising Narrowing WedgeBTC/USD on the Daily BTC is moving inside a rising wedge with a support that goes back to October of 2023. Rising wedges have a bearish bias. If the rising support fails to hold, the 50/100 SMA area will likely get a test, and possible the 200 SMA, both of which coincide with major order blocks. First order block lines up with the .236 fib retracement level. Second order block lines up with the .382 fib retracement level. I don't think this move is worth a play in either direction, so this idea is neutral. Just sharing for the sake of sharing. NFA Do your own DD by BallsOfSteel324
BTCUSD M30 FORCAST Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring BTCUSD Looking for Bullish Because That Running in a Trend line That we have Mentioned Already in Chart Pattern, Reason : -Bullish TRENDLINE -Support TRENDLINE -Resistance Area Follow -Supply Zone -Continuosly Bearish by XAUUSD-GOLD-PIPS3
BTC Double TopThe charts are showing us a double top on the weekly. We've had divergence on the daily, and now we are finally breaking down. We have a weekly level at 52K and a Monthly level at 42K. This is where I would be looking to rebuy in on a bounce until we confirm we have made a base of support to build and go higher. Don't HODL, take your profits and look for the next trade! Best of luck to you all. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**Shortby TruePrimeOneUpdated 229
ZOOMED IN Triangle Breakout Zoomed in to show you this idea as an update form its original idea. should and shows to finally work its course. Tried to make as clear as possible. You can compare and shows the same. Longby The_ForexX_MindsetUpdated 6611
BITCOIN CONSOLIDATION PATTERN POINTING PRICE TO $80 T0 $90K.Here's my analysis of the pattern: A - This region marks a consolidation phase where the price moves within a narrow range before breaking out to the upside. The horizontal blue line likely represents the resistance level of this consolidation phase, which the price breaks above. B - Similar to region A, this appears to be another consolidation phase with the price eventually breaking above the blue horizontal line, indicating a breakout and continuation of the upward trend. C - This region again shows a consolidation pattern, followed by a breakout above the blue horizontal line. The pattern of consolidation followed by an upward breakout continues here. D - This region is marked with another consolidation phase. The chart suggests that the price is consolidating around the blue horizontal line, possibly preparing for another move. Given the previous patterns, this might indicate a potential for another breakout, although it’s important to note that past performance is not indicative of future results. The overall pattern suggests a series of consolidation phases followed by breakouts to higher levels. This stair-step pattern is often indicative of a strong uptrend where the price moves up, consolidates, and then continues to move up after breaking out of the consolidation phase. Analyzing the Pattern 1. Consistent Growth: The average is 25% and it suggest a strong and steady bullish trend. This can be indicative of significant buying pressure and positive market sentiment. 2, Breakout Analysis: A to B: After consolidation at A, the price pumps by approximately 25% before reaching a new consolidation phase. B to C: Following a similar pattern, the price again increases by around 25% after breaking out from B. C to D: The same 25% increase is observed after the breakout from C. 3. Future Projections: If the pattern holds, one might anticipate a similar breakout from the current consolidation phase around D, potentially leading to another 25% average increase in the price. However, it’s crucial to combine this with other technical indicators and market conditions for a more robust prediction. Potential Next Steps 1.Watch for Breakout Signs: Look for signs of breakout from the current consolidation phase at D. Indicators such as increased trading volume, bullish candlestick patterns, and moving averages can provide confirmation. 2.Technical Indicators: Use additional technical indicators to confirm the strength of the breakout. 3. Market Sentiment: Keep an eye on overall market sentiment and news that could impact Bitcoin’s price. Positive news could reinforce the bullish trend, while negative news might hinder the pattern. 4.Monitor Consolidation Breakout: Keep an eye on signs of a breakout from the current consolidation phase at D. Indicators like increased volume, bullish candlestick patterns, or moving average crossovers can provide confirmation. Final: The chart shows a consistent pattern of upward momentum following consolidation phases, with an average pump of 25%. If this pattern continues, Bitcoin might reach the projected targets of $83,000 and $90,000. However, it is essential to consider market conditions, other technical indicators, and news events that might impact Bitcoin's price to make informed trading decisions. Longby PHREDX2
(BTC) bitcoinA thin red line appeared last week. This is a moving average sparkling behavior that triggers a signal to be alerted about. Longby CryptocurrencyBlot0
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established Mean Support at 65000 as a concrete target before a renewed upswing occurs.by TradeSelecter2
SMART MONEY HIGHLIGHTS Duplicate idea 3, Smart money has tapped their trendline and shows to be moving up. Smart Money contraction is a value line that they also follow. The green vertical line is a Bank Purchase. I've retraced their manipulation red and green trendlines. Trendlines have a little section like a triangle. Zigzag and trendlines have created it. These red and green trendlines have been retraced from a while back and now I'm showing evidence of their footsteps. You may not agree with my analysis but their footsteps may help you out in your analysis. Longby The_ForexX_MindsetUpdated 14
Short bitcoinHey everyone! I’m anticipating a drop in Bitcoin value. I’m setting a risk limit of no more than 2% of the deposit. The entry point is at current prices, with a stop-loss to be set after a 4-hour candle closes above $70,730. Take-profit levels are indicated by yellow lines. Please note, this trade is not meant for replication and should not be taken as financial or trading advice. Always remember to adhere to risk management principles.Shortby TottiVincenzoUpdated 0
BTC - can't believe I'm saying it but - think we get 10-20% UP I 'm looking at the potential "false break" of the uptrend channel (and triangle pattern) on the 4H chart which would be typical market shenanigans for a Friday afternoon.... If I'm right then BTC is going to rally directly from here. You can but 67000 with a stop 65000 and target 75000+ for a 4/1 reward/risk coming days/weeksLongby WVS_Stockscreen223
BTCUSD Daily chart analysisBTCUSD Daily chart analysis: -Daily chart showing bullish structure(Higher lows and higher highs) -Expecting a 0.705 Fib retracement and then a strong bounce to upside. Longby CryptBo882
Bitcoin Big Sell off!I hope you guys enjoyed the video; if you have any questions or comments feel free to comment down below!07:18by financialhour4
BTC Bitcoin Fibo Channelsimilarity in fibo levels and accumulation zones are obvious...Longby arvine11Updated 448
Bitcoin short viewBitcoin is under pressure to go down and retest the EMA 50-daily moving average at the $65860 level (Fibonacci 50.0%). It has the previous two lower lows, which confirm bearish swings.Shortby Aleksin_Aleksandar2
Bitcoin On-Chain Metrics: Bullish or Bearish? Bitcoin's on-chain data provides valuable insights into the current state of the market. Coupled with recent economic indicators, we can form a comprehensive view of potential future trends. Here's an analysis of the latest on-chain metrics and economic data to help you make informed trading decisions. On-Chain Data Summary Price: $68,666.23 (+0.79% in the last 24 hours) Market Cap: $1.353 Trillion New Addresses: 11,971 (-1.53%) Active Addresses: 37,136 (-2.494%) Addresses with Non-Zero Balance: 52,642,914 (+0.132%) Addresses with Balance ≥ 1k BTC: 2,084 (+0.482%) Hash Rate: 513,863,269 TH/s (-16.52%) Miner Revenue: 416.63 BTC (-16.498%) Entity-Adjusted Volume: 126,081.46 BTC (+22.698%) Active Entities: 212,212 (+13.354%) Net Unrealized Profit/Loss (NUPL): 0.57 (+0.839%) Puell Multiple: 0.73 (-9.965%) Economic Indicators (April 2024) Personal Income: +0.3% Disposable Personal Income (DPI): +0.2% Personal Consumption Expenditures (PCE): +0.2% PCE Price Index: +0.3% Real DPI: -0.1% Short-Term Analysis (1 Week) Bullish View: The increase in exchange outflow volume and active entities suggests immediate positive sentiment and accumulation. The rise in personal income and DPI also indicates more disposable income available for investments. Confidence: 75% Bearish View: The decrease in new and active addresses indicates potential short-term hesitation among new market participants. The slight decrease in real DPI and goods consumption might also signal short-term caution. Confidence: 55% Mid-Term Analysis (1-3 Months) Bullish View: The steady rise in personal income and PCE indicates a stable economic environment, supporting sustained investment in Bitcoin. Increased disposable income can lead to more capital flowing into Bitcoin. Confidence: 80% Bearish View: The persistent decrease in real DPI suggests inflationary pressures, which could lead to economic uncertainty and affect Bitcoin negatively. Confidence: 60% Long-Term Analysis (6-12 Months) Bullish View: Positive trends in personal income and PCE support long-term economic stability, favorable for Bitcoin as a store of value. Long-term holders are likely to maintain confidence given the economic resilience. Confidence: 85% Bearish View: Continued inflationary pressures reflected by the decrease in real DPI might lead to economic adjustments, potentially impacting long-term investment behavior in Bitcoin. Confidence: 65% Conclusion The latest on-chain metrics and economic data paint a cautiously optimistic picture for Bitcoin. Short-term trends suggest positive sentiment and accumulation, while mid-term and long-term views are supported by stable economic indicators. However, inflationary pressures warrant caution. As always, it's essential to stay informed and adjust your strategies accordingly. #Bitcoin #Crypto #Trading #OnChainAnalysis #EconomicIndicatorsLongby WhaleC4T3
Bitcoin (Elliott Wave)Hello friends today In Bitcoin currency, we have a 5-wave pattern that is completed by waves 1, 2 and 3. Bitcoin is definitely completing wave 4. Wave 4 is forming in the form of a triangle pattern, which is very common in wave 4. Now the 4th wave is completing its D and E waves. Therefore, we are waiting for the completion of these microwaves, and then the price of Bitcoin will not be far from expected. The target price range is $73,000. If the price reaches below wave A (range of $66,500), our theory will be invalidated, but shadows may activate your stop loss. In case of any trade, be sure to use stop loss. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Longby M_Gheysvandi5
Short BTC Setup Based on Structure Break and Quasimodo Pattern Short BTC Setup Based on Structure Break and Quasimodo Pattern (1-Hour Time Frame) Here's a potential short setup for Bitcoin (BTC) using a structure break on the 1-hour time frame and the Quasimodo (QM) pattern, illustrated by the chart: Structure Break Analysis:Current Price: BTC is trading around $68,159. Key Levels: PDH (Previous Day High): $69,526.65 D-open (Day Open): $68,400 PDL (Previous Day Low): $67,159.03 Quasimodo (QM) Pattern: Higher High (HH): BTC reached a peak at $69,600. Higher Low (HL): A trough formed around $68,000. Lower High (LH): BTC formed a lower high at $68,400 (near the day open). Lower Low (LL): The potential lower low could be around $67,000 (near PDL). Entry and Execution: Entry Point: Short at the retest of the D-open level ($68,400) after the structure break. Stop Loss: Place above the recent lower high, around $68,500. Take Profit: Target the PDL level at $67,159 or adjust based on a favorable risk-reward ratio. Chart Analysis: The chart shows BTC breaking below the D-open level, indicating a potential bearish trend continuation. The Quasimodo pattern suggests a bearish reversal, with BTC forming a lower high and breaking below the higher low. By following this setup, traders can potentially capitalize on the bearish momentum in BTC. Remember to use proper risk management strategies to protect your capital.Shortby TAMIoneUpdated 118
VOLUME and PRICE ACTION confirmed Double bottom target at $76k zone. Triangle in breakout process. Risk Ratio set at 2%. Smart Money Contraction has been at work by keep the trend within the value line. Longby The_ForexX_MindsetUpdated 998
BTC in daily chartHello BTC started to rise after it was rejected fro powerful support at 56,500, but this weak rise was not my first scenario. So if it goes true and this is wave 5 primary, we can expect a short rise and then BTC will go to so complex wave IV cycle. For us, the scenario is to wait and see if BTC can break out that critical resistance ate 75,641 level. Important notice: I do not have BTC in my wallet because I had to but it when its price was around 20k and I suggest you not to have it till BTC makes its main correction that has been planned. I am not sure how BTC will correct and I never support those group insisting for 12 k USD price but I am pretty sure we will see a main correction. There is another scenario that say BTC will make extensions and postpone this main correction I mentioned, but I do not know which scenario goes true so I do not have BTC ;)) Thanks by AMA_FXUpdated 2