Bitcoin Final Leg Up By End Of 2024Looks like Bitcoin has a final leg up to close out 2024 before a correction in 2025. Bottom of trendline and channel seems important. Squeeze is tight.Longby TAnotepad0
2024-05-29 - a daily price action after hour update - bitcoinGood Evening and I hope you are well. bitcoin comment: Let’s make this simple. Bullish above big red line around 70600 and uber bearish below 65000 and . Neutral in between. Not rocket science. But how good was my two legged correction from two days ago? Hope you made some. current market cycle: Trading Range key levels: 56000 - 74000 bull case: Bulls still dreaming of 100k while market is grinding lower. Below 65000 is 64000 next and if that small bull trend line does not hold, 60000 next. On the daily chart you could make an argument for a bigger two legged correction but bulls would need a really strong rally above 70000 again for that to be the case. Daily 20ema is right at 67000 and above that, bulls are still in control. I expect some more sideways movement between big red and big orange line. Invalidation is below 65000. bear case: Bears doing a decent job of rejecting everything above 70000 but they fail to push the market to lower lows. So naturally we are forming triangles and are in breakout mode over the next days. R:R here at 67300 is on the bull side, don’t get bearish at the lows in trading ranges. Invalidation is above 70600. short term: Sideways to up - should probably hit 70000 again unless bears make lower lows and we test 65000 next. But betting on the bear breakout below the wedge is low probability. medium-long term: down to 40000 (could take 3-6 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged trade of the day: Spike and channel bear day from before EU session. Tricky to trade because it had only one good spike and then just overlapping bars. Second best trade was the short bar 14 at the 1h 20ema.by priceactiontds0
BTCUSD Channel on the 4HDespite the recent push upwards, we are still very much in a downward channel. Just look how perfectly the prices align to it and how quickly a break to the downside was bought up. I dont see we are out of the woods yet in the long term unless this channel gets broken to the upside and price stays clear of reentering. I myself would try to enter longs on the bottom line and scale in the further we go up, take some profit before the upper line ..wait and see. The same goes for short plays - go short around the upper line, scale in and take some profit before hitting the lower line. This is the 4H so these are long term trades. Good hunting. by MaPaCUpdated 112
BEAR THREAT REJECTION PENDING PROCESS We were threatened by the BEARS and it’s not over yet. BULLS are responding back massively. BULLISH ENGULFING pattern in process. Longby The_ForexX_MindsetUpdated 5
One more Good PushThis is a continuation of my previous Charts, I think BTC will visit the 61-62k again for a liquidity grab and stop loses hunt as stated in my previous chart: after the liquidity grab I am expecting BTC to retry the 70-73k line, If too many people open shorts at 70-73k then I would expect another Higher High at around 78-80kby GoldHatTraderUpdated 5
BTC is losing a lot of strength BTC in the short term I think BTC will make a retest of the 63k to then start gaining some momentum to the upside around 69-73k, I think it will reject at around 73k but anything could happen, this is the market after all, I would like to see BTC breaking above, but we are yet to see how it will behave when it start reaching those levels, we will see when we get there (if we get there) Rejecting below 73k will prep BTC for a visit to the 50s, my ultimate target will be around 51k But that's too far out in the future, first we have to see what BTC does this coming month. The reason for this is the market is exhausted and most people is pulling their profits out instead of going long, by GoldHatTraderUpdated 2
BTC broke down structureOk so the market broke down structure, (that's never a good sign) however its trying really hard to turn around but its still undecided yet, There are 2 outcomes and it will all depend on what BTC do at 62.8k (63k) If the price line fails to go above 62.8k and hold then that would mean a rejection of the uptrend and a change of character to the downside and a continuation of the Elliot wave 2 towards 3 on a descending channel. On the bullish side which its what I am expecting going above 63k and holding prices will push BTC towards the 75-85k rangeby GoldHatTraderUpdated 2
BTCUSD - Topping out around 66k?BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear. There are a few factors I believe will influence a correction: Greed across the traditional and crypto markets. See CNN's sentiment analysis and alternative.me's fear and greed index. Only 5% of institutional financial managers are planning to hold BTC in 2021 (volatility being cited as the main reason), implying the feverishness of 'mass adoption' is overstated and overhyped. Bitcoin is back in mainstream media. The more exposure it gets, the more FOMO and greed kick in, the more new investors pile in, the more people ready to buy right at the top and add selling pressure on the way down. Big green (or red) candles, while difficult to gauge the top, often result in big moves back down. Similarly, an almost vertical acceleration implies a significant deviation from its mean (anecdotally, the further and quicker something deviates away from its mean, the quicker it comes back). Currently, BTC's yearly EMA is almost exactly the previous ATH of $20k. Simply, a correction is due. It's gone up but hasn't come down much. So, knowing that a correction is due at some point, we can then try and forecast the top. While looking for similarities between the last ATH and this current rally, I noticed there was a period of consolidation, followed by a higher low that wicked down (marked on the chart). Using these points as anchors, the next anchors are the ATH and the last high at $42k. While the intraday levels of these fibs fit nicely, there are 2 extensions that caught my eye on the weekly that fit almost perfectly. The 1.618 level on the recent fib (grey) and the 3.618 level of the ATH fib (red) both sit around $66.1k and $66.3k respectively. Seeing how well the other levels line up through previous price action gives me confidence these are valid levels. I'll give coordinates at the end of this post so you can see what I mean. I've also included a 3-factor BB on the chart for confluence. While the weekly close tomorrow will change the upper band, its near-vertical ascent will likely eventually be punctured by price. As denoted by the red circles, a reversal has occurred every time a swing has formed there. Moreover, for an asset to exceed 3 times its weekly standard deviation should ring alarm bells in anyone's ears. Okay, so we know where the top might be. How can we make a trade based on this? I'll start with where I think it might end up. If we use $66k as our first anchor and the bottom of the last consolidation at about $3.1k, then the 0.618 level (blue line) lines up perfectly with the most recent fib's 0.618 level on the way up. This falls at $27.5k, or rather, a contraction of 61.8%. The tricky part is stop loss placement. I'm going to say that a technically invalid level would be past the 3.764 level of the ATH fib at $70k. Anything between $71-72k would likely invalidate this idea. In summary: Entry: $65k Stop: $71-72k TP: $27.5k, $31k if conservative, $42k if ultra conservative Let me know what you think and give me a follow for more. Happy trading! COORDINATES: ATH fib = (1) 1830.00, (2) 19666.00 Current fib = (1) 3122.28, (2) 42000.00 TP fib = (1) 66026.19, (2) 3122.28Shortby pasojovUpdated 6625
Astrology for Men: BTCUSD 2024/05/29Conditions: Ichomoku MA cross over with fast moving average falling below slow moving average. Price entering the cloud means it will like fall to the bottom of the cloud LRSI signaling sell by re-entering the lower zone as opposed to oscillating up to the higher zone. Expecting price to fall and rebound between 65k to 66.4k.Shortby fjvannini110
Bitcoin Hourly: Late to the Party? Here are Possible ScenariosBitcoin is on a clear uptrend within its range. If you are late on the previous move there are still opportunities to capitalize on this uptrend. Buy the lows at 65k or the support line(s) before there is a breakout.Longby MJRaddishUpdated 5
Bear Case Scenario: Pullback to 64k?I can see this breaking below the wedge and pulling back to the .786 fibonacci. As always - wait for breakout before entering this specific type of wedge play. Use a stoploss -not financial advice Shortby The_Gains2
SHORT TRADING HIGH PRECISION ORDER FLOWBitcoin 1 DAY SHORT 🅾 BTC Futures x 75 Entry Point : USD 67500 Target : USD 64750 Stop Loss : USD 68000 Loss Brake : USD??? Leverage is extremely risky and must be executed with money that we are willing to lose or hit the stop loss. Trading is the only profession in which the only person responsible for our actions is ourselves, our worst enemy is ourselves, here there is no one to blame, this is not a collective work, the only one who presses the sell button buy and knows how much you invest and where to put a stop to losses, it is you, and only you, so always remember that. Important note: THE LEVEL OF LEVERAGE OR LEVERAGE, the alert for taking early profits, loss stop adjustment and forced operation closure are not done by this means but in the Private G. And also remember to always have control over your losses, focus on this and you will last. Comment: WARNING!!!! I AM NOT A FUTUROLOGIST, I DO NOT MAKE PREDICTIONS. I AM 100% A MARKET OPERATOR, I WORK BASED ON MY EXPERIENCE, CONSISTENCY AND MY PLANNING IN TRADING. Leave a comment that is helpful or encouraging together we can dominate the markets!!!..Shortby ANTICRIPTOVENGANZA113
Bitcoin UpdateI normally do not do micro counts on Bitcoin, however, in the primary count, Bitcoin should be topping in the target box...if it hasn't already topped. We need a breach of $65,500 to give an initial signal, we may be headed to the low $50,000 area for (c) of (A) or that will be all of primary wave 4 for a short wave 4.by maikisch10
Duplicate idea showing downtrend possibility BTC still with whales low volume, I have no doubt this is a dip BEAR TRAP headed to smart money red trendline to $67,918. Shortby The_ForexX_MindsetUpdated 225
Expired BTC.USD Weekly outlook. 5th WK MAY 2024Expired BTC.USD Weekly outlook. 5th WK MAY 2024 > BULLISH 📈 CORRECT Closed Price: 68,547 Target Price: 70,547 | Strike Price: 70,576 MAY27 24' Upper Range: 77,087 Lower Range: 64,008Longby putIQ1
We going down broWe have seen this chart many times, a classic wolfewave bearish pattern which appears to be all harmless bullish reversal but infact it’s a strong sign of weakness- stay safe as target is roughly 20% from current levelsShortby wolfewave3
BITCOIN ON FIREBitcoin about to surprise us once again. I have marked two areas on the chart where the price could rebound. You have to be careful because the next jump is to look for $75,500.Longby SGsauragestionUpdated 2
BTC TRIANGLEThere is basically nothing to see on Bitcoin at the moment on higher time frames, so we are forced to zoom in and look for clues. We have a clear symmetrical triangle, which could be considering a bull pennant. Regardless, the next move will likely be defined by whether price breaks up or down from this triangle. Still… this is all chop on larger time frames.by ScottMelker114
The expected Bitcoin (#BTC) price movements: The expected Bitcoin (BTC) price movements: The price did not break the previous top. The price is currently going down with two expected movements: Movement 1: The price will correct to the first zone but will not cross the resistance area at 66,500. Movement 2: The price will drop down to correction level 2. After these movements, the price is expected to go up again, reaching the expected level of 115,000. Shortby Tdawly_Official0
BITCOIN : WHAT'S NEXT FOR THE KING OF CRYPTOS?- The market still trades above its bullish long-term trendline ; The long-term trend remains alive to this day. - Since March 2024, the market has entered a consolidation phase, trading sideways between $57K/ GETTEX:59K and $70K. Both moving averages remain bullish, as dynamic support to prices, while the RSI indicator has broken-out its bearish trendline following the sharp market's rebound over $57K. - This is seen as a bullish configuration for Bitcoin. Even if the market is still consolidating on a short-term view, the long-term bullish trend remains well-alive so far. In addition, such consolidation are normal following sharp market bullish acceleration. The current short-term bearish flag isn't seen as a reversal pattern, which doesn't threaten the long-term bullish trend. Even if another bearish leg could still take place at this stage, this configuration may be the sign of an accumulation phase before reaching new highs towards $74,250, $78,400, $84,300 and $91,815 by extension. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Longby ActivTrades2
BTC ShortAn order block forming after a price rally, followed by a significant sweep of liquidity and then encountering a major Choch, it could indicate that the upward momentum is weakening. Sellers may start to outnumber buyers, leading to a potential reversal in price direction.Shortby japeshAGRAWALUpdated 4
BITCOIN Massive liquidity signal triggered.Bitcoin (BTCUSD) is starting the final and most aggressive part of the current Bull Cycle: the Parabolic Rally. The latest and perhaps the strongest signal to confirm that comes from the well known liquidity combo indicators that we have developed these past few years. The Global bonds yields pool (blue trend-line) is reversing upwards again, the first time it does so this year, while the Dominant circulating liquidity + High Yield corporate bonds indicator (black trend-line) is also reversing upwards after seemingly hitting a bottom similar to April 2020, October 2016 and July 2012. The trigger signal is given by the Stoch RSI (2M time-frame), which just broke above the overbought 80.00 barrier. Every time it has done so historically, it has coincided with a massive bullish reversal on those Liquidity Indicators (LI) and Bitcoin made a Cycle top within 12 - 13 months later. As a result, we are expecting BTC to peak a year from now, around May 2025. Brace yourself for a wild ride ahead! But what do you think? Is liquidity about to kick in and cause a massive rally? 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 TradingShot111185
BTC price tomorrow at 7am will be higher than today at same timeThe price will go down to support level then bounce back to reach next resistance level at same time 7am tomorrowLongby bestraderbro3