BitcoinIt broke the HL meaning it might change direction.Closely observer it.Shortby CurrencyMomentumFX334
$BTC Analysis JUNE 07, 2024 CRYPTOCAP:BTC Analysis JUNE 07, 2024 BIAS: - Mid-Term: BEARISH - Short-Term: BEARISH Summary: On the H4 timeframe, CRYPTOCAP:BTC has been rejected from its horizontal resistance level between $71,515 and $70,692. It is expected to move into the FVG gap level marked between $70,104 and $69,181. Main Interest Levels: - SHORT: $71,990 - LONG: $70,692 Predicted Daily Range: $73,937 to $62,994 Action Plan: After being rejected from its horizontal resistance, CRYPTOCAP:BTC is forming a lower high leg before moving downward. On the H1 timeframe, CRYPTOCAP:BTC has broken down its neckline level and is currently retesting above it. A downward movement is anticipated from this point. Psychology, discipline, and capital management are the three essential factors for achieving victory. If you find our analytics valuable, please show your support by liking and commenting. Your engagement is greatly appreciated!❤️ Trade Wave.by tradewave10
Price Psychology and Game TheoryMarkets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices available. It's human nature... Game theory states you buy whilst you can else you will be left behind. during "ATH" prices fly because prices are relative . Where the driver is the credit condition cycle (loose is good) and ofcourse ETFs.Longby citsvarUpdated 112
Bitcoin 80000 Very Soon The support of $56000 (coinciding with the 0.618 Fibonacci level) reached in April has proven to be solid and at this moment Bitcoin is aggressively attacking a dynamic resistance created by its historical high of $74000 which meets other peaks previously created around the price of $72000. At this moment in the OrderBook there is considerable liquidity at the $72,000 level, approximately 3,000 Bitcoins. Subsequently it is possible to still notice a lot of liquidity in the immediately following levels, an indication of stop liquidity probably for Long orders. There currently appears to be no liquidity near the all-time high of $74,000. Personally, I remain bullish in the very short term and, as indicated by the Fibonacci extension plotted on the chart, Bitcoin's next target is $80,000Longby VinchEz1
BITCOIN Keep this scenario at the back of your mind.Bitcoin (BTCUSD) requires at all times that we are openminded to all possibilities and not just one. This suggests that we need to be prepared for scenarios that often go against the trend, the majority of opinions and momentum (whether euphoric or panic). Along those lines, we present you today a medium-term pattern that is possible and even though it doesn't contradict the long-term trend (which is bullish), it does go against the short-term general market euphoria of recent days. As you can see, within the dominant Channel Up since December 2022, BTC had its first major 'correction' through a Rectangle, which has basically been an accumulation pattern. The price found Support, formed a bottom and start rising again after it broke below the MA50 (blue trend-line) and just before it tested the MA100 (green trend-line). If we experience the same kind of accumulation again, then BTC is currently on a 'hammer' rejection level similar to July 12 2023. Even the RSI patterns among the two fractals are similar. This indicates that the Buy Zone will be within the MA50 and the bottom of the (green) Rectangle. But what do you think? Will this 'unpopular opinion' be materialized? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot131378
BTC to 76k and down before golden bullBefore we head down to grab liquidity, there is more money to be made above recent ATH. Imo we will see a big correction f around 45% before we step into the golden bull phase. by Flying_Dutchman_690
Bitcoin: JUNE 7TH, 2024Hello dear traders. Hope you're doing ok. This is my #btc expectation in the short and mid term. Let's get down to the nitty-gritty of the PA. Price MIGHT take out yesterday's low, fill the FVG, and then continue the upward momentum. If not, we'll move towards the clean highs at the top of the range, and the PA will be of significance there. I will definitely exit my long, especially if I see a major push with high volume, and monitor the price. Acceptance back into the range will be a short trigger towards some lows around 68500 and 66K. That will be the ideal scenario to long again towards some dizzying heights. However, if price manages to maintain above the range high, and form structure, I will begin to consider longing. Momentum EMAs have shaped up nicely, and I assume we'll pick up pace soon. If you find the idea useful, please like, share, and subscribe for more updates. Good luck trading!Longby Trader_Nebula2
BITCOIN (BTCUSD): Important Key Level & Your Trading Plan ₿Bitcoin is currently trading in an upward trend within a parallel channel, and it is currently testing a significant resistance level near its all-time high. Given the overall positive trend, there is a strong likelihood that the market will surpass this resistance and reach a new high. If the daily candle closes above this level, it will confirm the breakout. This bullish momentum could potentially push the price of Bitcoin to at least $78,000.Longby linofx1449
BTCUSDBitcoin'de geriye dönük bi akümülasyon gelebilir meshur direnci kırmakta zorlanıyor 3lü tepe yapıldı, islem fikridir %2den fazla risk almanız önerilmez. YTD. Shortby SeniorAnalystTr111
BTCUSD Downtrend Line Rejection At $71433.88 07.06.2024- Downtrendline rejection in BTCUSD 30-min chart at $71433.88. - If rejection holds: - Potential drop to $71146.52. - Break of $71146.52 could lead to $70920.78. - If rejection fails: - Possible rise to $71799.12. - Break of $71799.12 could lead to $72263.73. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy2
check the trend The price is expected to fluctuate within the current resistance range. Then, according to the behavior of the price, there will be a possibility of crossing the resistance range. Otherwise, with the breaking of the support range, the continuation of the downward trend will be formedby STPFOREX0
Bitcoin Trading trading cycleThis is very long term view and still very much in play. According to the chart we still have 50 more days for the bear to drag price down with potential targets towards 13k and extended zone of 12k. by wesladUpdated 88105
POTENTIAL BITCOIN LIFECYCLEHello all, Sharing with you today is a potential long-term view on Bitcoin which should be of great help in making strong long term investment trading decisions. Considering November 2013 action where Bitcoin achieved a peak of 1116$, this high followed immediately with about 426days (About 1 Year) of bear market which gave out almost 86% drop from the then ATH this drop ended in the month of January 2015. Then immediately after the achieved low of January 2015, price begin to rally again which break the previous ATH (1116$) and reached a new peak at exactly 1065days (2yrs, 9months) after with 19817$. This peak was achieved in December 2017. Exactly after the new peak BTC took a massive dip of about 85% again to reach a new bottom within a duration of about 396days (About 1 Year) of Bear market. The drop ended in the month of January 2019 which make the January to be a special month from my research. After, the achieved bottom of 3081$ in January 2019, Bitcoin price begins to rally for a new ATH again, which break the previous high. This rally so far had taken about 1035days (2yrs, 8months) with a fresh ATH of 69270$. This ATH was achieved in November 2021. ASSUMPTIONS FROM THE ABOVE The correction of price From Nov 2013 (Peak) TO Jan 2015(Bottom) = 426days with 87% drops The correction of price from Dec 2017 (Peak) TO Jan 2019(Bottom) = 396 days with 84% drops Therefore, Correction from current ATH of 69k is expected to take at most 396days or less. Considering the rate of adoptions of Bitcoin, then the value of the current correction will be lesser to that of previous dip values. Thereby expecting max of 80% drop with price of 13800$. Potential End of Correction is JANUARY 2023. This means prepare your long term investment for this period. Next ATH is expected to happen in the next 3years within November to December 2025. Note: Bitcoin will likely not give out a dip more than 80% drop due to lot of Institutional adoptions. MORE UPDATES TO FOLLOW SOON!!! Kindly drop your likes if you find this little write up useful for you. Shortby wesladUpdated 3535317
June 5 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. Based on tonight’s 30-minute chart There are two indicator announcements at 9:30 and 11:00. According to Nasdaq flow and Tether dominance movement I created a strategy. There's a lot of complicated stuff to explain, so I'll keep it very simple today. *Red finger movement path One-way long position strategy 1. $70698 long position entry zone / stop loss when breaking out of the green support line 2. $72446.5 long position 1st target -> Good 2nd target Section 1 at the top is lateral to the right. Section 2 at the bottom moves sideways to the right. From the point of departure from section 2, the pattern is broken. There is a possibility of further adjustment. The vertical line on the right is because tomorrow is a holiday. I have left a drawing based on the daily chart being generated on Friday, June 7th. If you drag up or down You can check support and resistance prices that are not visible on the chart. As mentioned in the Good section, This is the section where Bitcoin exceeds 100 million again. After the rebound on Nasdaq today There is a high possibility that there will be a downward movement. If this movement is an upward wave, or even if it is only a sideways movement, The beat can rise strongly. Please watch to see if Tether dominance is connected to a vertical decline. Because tomorrow is a holiday I'll take a break tomorrow and see you on Friday. 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 youLongby BitCoinGuideUpdated 5
Bitcoin is NVDA Charts looking very similar this year, reclaim of previous ATH, consolidation above and pump. I think #BTC will deliver something of the same We can go so much higher Lets all BULLIEVELongby GerardWalker555
Potential Long Trade Setup on BTC/USDOverview A prime long trade opportunity has been identified on the BTC/USD pair, leveraging a robust signal from our proprietary technical indicator based on the RSI with a period of 200. The RSI 200 has successfully formed a break of structure above the 50 line, signaling a perfect long entry point. Entry Signal The RSI 200 indicator, which smooths out market noise and provides reliable signals, has recently shown a break of structure above the 50 line. This break indicates a shift in market momentum from bearish to bullish, providing a strong entry signal for a long position. Trade Details Entry Point: Current market price (71,190) Stop Loss (SL): Placed at the last swing low to minimize risk Target: Set at the 50% Fibonacci extension level from the recent significant low to high swing Notes: This Swing trade is potentially the last LONG opportunity before dumping deep to continue the BEARISH SENTIMENT OF THE MARKET.Longby ama-Beeps0
BC-AllMarket MultiSignal for Comprehensive Market AnalisisThe BC-AllMarket MultiSignal indicator provides a robust and comprehensive analysis tool for traders. It integrates various technical analysis components including ADX, DMI, Awesome Oscillator (AO), Bollinger Bands, Stochastic, and RSI. This multi-signal indicator is designed to help traders identify potential buy and sell signals by combining different market trends and momentum indicators. It visually represents key data points on the chart, offering a clear view of market conditions. Ideal for both short-term and long-term traders looking to enhance their trading strategy with a multifaceted approachby bolivarcaba0
BTC Range BoundBTC has been stuck in this range for quite a while, a lot of chop recently. It's had a couple of moves below and above, but for the most part it has stayed in this range all week. I'm still bullish on crypto, but unsure about the broader market. I think it could breakout soon, but also has the same chance to fail IMO. For now I see it as bullish consolidation. Once this range breaks for real, it should be a good move in either direction.Longby AdvancedPlays0
Bullish bounce off 38.2% Fibonacci support?BTC/USD is falling towards a support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 69,678.11 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 68,439.59 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 71,960.46 Why we like it: There is a pullback resistance level. 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
BTC/USD: Bullish Outlook Persists Amidst Selling PressureHello Everyone, BTC/USD has been performing as anticipated, continuing to be a strong bullish investment despite significant selling pressure. The daily support level has been resilient, and maintaining a position above the 1D pivot point (PP) will confirm immediate further upside. With this stability, the bullish outlook is expected to persist and thrive in the long term. TradeWithTheTrend3344Longby TradeWithTheTrend33442
Bitcoin Chart Analysis Bitcoin is currently $71,200, and is encountering resistance between $71,180 and $74,000. I used the Fib Time Zone tool, in combination with Elliot Waves to further clarify the beginning and the end of a bullish or a bearish trend. Coincidently, the time it took for the last two wave to play out was exactly the same (17 days). Bitcoin is in an uptrend at the moment, and as shown on my chart, recently broke above a downwards sloping trendline (Red) -retested it and confirmed as support. The MACD indicator turned bullish after the retest of the trend-line. I believe that bitcoins price will continue to rise, as it completes the 5th Elliot impulsive wave. If the price can break above $74,200, I predict a new high between $84,250 and $91,750. If Bitcoin is rejected at $74,200, a retest of $65,000 would be likely. Longby NicoDaCheekoUpdated 110
Where will BTC go ?We must see a Weekly Candle Close above 71,317 to show continuation to the up side. Trend is sidewaysby johnnyblaze10