btc breakout coming on 4hrENTRY :- 66800 DCA:- 66800 TO 65950 TARGET:- 71200 STOPLOSS:- 64000 NOT FINANCIAL ADVICE BULLISH PENNANT PATTERN HOLD your position wait for entry Longby thassan2143
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all by KINGSFALCONTRADERS2
BTCUSDT.1DHere’s a detailed technical analysis of the BTC/USDT daily chart: Price Action and Structure: BTC/USDT has been exhibiting a sideways trading pattern, bounded by well-defined support and resistance levels. This horizontal channel highlights the consolidation phase that Bitcoin is currently experiencing. The chart shows repeated tests of these boundaries, indicating a struggle between buyers and sellers to gain control. Technical Indicators: 1. RSI (Relative Strength Index): The RSI is at 57.34, which is in the upper half of the neutral zone. This indicates a slight bullish momentum but is still far from the overbought territory (70 level), suggesting there might be room for upward movement without immediate pressure of being overextended. 2. MACD (Moving Average Convergence Divergence): The MACD histogram shows a positive value, and the MACD line is above the signal line. This setup typically signals bullish momentum. However, the proximity of the lines suggests that the bullish strength is not very strong, and caution is warranted. Support and Resistance: • Support (S1 and S2): The key support levels are identified at $65,799.19 (S1) and $59,244.67 (S3). Maintaining above S1 is crucial for the bulls to prevent a drop towards S3, which would likely indicate a more significant bearish sentiment. • Resistance (R1 and R2): Resistance levels are set at $71,501.85 (R1) and $74,132.21 (R2). A break above R1 could pave the way for testing R2, indicating a strong bullish trend. Projection and Strategy: Given the current consolidation, a breakout above R1 could signal the start of a bullish phase, potentially targeting R2 as the next significant resistance level. Conversely, a breakdown below S1 could shift the market sentiment to bearish, aiming for S3. Traders should look for volume-supported breakouts or breakdowns from these levels to confirm a stronger trend direction. Conclusion: BTC/USDT is at a critical juncture within its trading range. A breakout or breakdown from this range could dictate the trend for the upcoming weeks. Traders should closely monitor key levels and accompanying trade volumes for signs of direction. As always, external factors such as regulatory news or macroeconomic changes should also be considered, as they can have substantial impacts on Bitcoin’s price action.Longby MarsSignals1
BTC Distribution ScenarioI'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend. Several elements support this structure are worth noting: - The distribution phase is occurring just above the previous all-time high (ATH). - This potential top is showing a monthly bearish divergence vs 2021 ATH. While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25% The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be GETTEX:59K range mid-April) before a move to the Upthrust (UT). Best, Hard Forkyby hardforkyUpdated 1121
BTC 8H analysis - May 27 2024BTC has perfectly followed previous analysis and had a retest of 66k - 67k zone. The subsequent reaction to the mentioned zone has not been that strong yet (mostly because if the low volume during weekend). New analysis suggests two possible scenarios for BTC and the whole market in general: 1 - Crossing above the upper boundary of the channel which shall lead to new ATH 2 - Crossing below yellow trendline and heading for lower levels. (This scenario is confirmed by crossing below 65800 zone)by AlgoBotTrading1
BTCUSDT Forms Bullish Flag Pattern, Eyeing $80000 Target.BTCUSDT has recently formed a bullish flag pattern, indicating potential for a substantial price increase. The immediate target is set at $75,000 following three months of consolidation. However, traders are advised to maintain a stop-loss strategy to manage risks. BTCUSDT (1D Chart) Technical analysis BTCUSDT (1D Chart) Currently trading at $69600 Buy level: Above $69500 Stop loss: Below $65900 TP1: $72000 TP2: $75000 TP3: $80000 TP4: $90000 Max Leverage 5x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts Longby GreenCryptoTrades2
Trade Signal for BTCUSDT: Sell**Direction:** Sell **Enter Price:** 67540.01 **Take Profit:** 66458.64 **Stop Loss:** 68832.74 **Justification for the Forecast:** This trade signal is generated based on a comprehensive analysis using the EASY Quantum Ai strategy. Several key factors have contributed to this prediction that BTCUSDT will move in a downward direction: 1. **Technical Analysis:** Recent price movements indicate that BTCUSDT is facing strong resistance near the entry price. Historical data from the EASY Quantum Ai strategy shows a significant number of rejections at this level, suggesting a high probability of a downward move. 2. **Volume Analysis:** An analysis of trading volumes indicates that selling pressure has been increasing, with sell orders significantly outweighing buy orders. This imbalance often precedes a price decline. 3. **Market Sentiment:** Sentiment analysis derived from social media trends and news headlines related to Bitcoin has shown an increase in negative sentiment. This is often a precursor to selling pressure as traders react to bearish news. 4. **Macro-economic Factors:** Recent reports indicate potential regulatory changes and economic factors that are less favorable for Bitcoin. These macro-economic elements contribute to a bearish outlook for BTCUSDT. 5. **Indicator Analysis:** The EASY Quantum Ai strategy utilizes a suite of technical indicators like moving averages, RSI, and MACD. Current readings show bearish crossovers and overbought conditions, further supporting a sell signal. **Risk Management:** - The **Stop Loss** is set at 68832.74 to limit potential losses, taking into account recent volatility and technical levels. - The **Take Profit** target is placed at 66458.64, considering support zones and previous lows identified by the EASY Quantum Ai strategy. This signal aims to capitalize on a short-term bearish trend while employing prudent risk management practices. **Disclaimer:** Trading cryptocurrencies involves substantial risk, and it is essential to perform your own analysis before making any trading decisions. Always consider your risk tolerance and consult with a financial advisor if necessary.Shortby EasyQuantumAI1
BTC Price Prediction and Elliott Wave AnalysisHello friends, we are at a different crossroads running, irregular a flat pattern. or starting a huge bullish to end blue (X). Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna2
2024-06-02 bitcoin overview(Accumulation volume perspective)During the weekend, we observed sideways movement within a range, accompanied by significant accumulation. Given the continuous uptrend in this range, it is a strong support area. While it could break significantly if breached, the accumulation suggests it's a strong bottom from a long-term perspective. So far, we've seen some selling pressure due to short-term dips, but the selling pressure from the weekend accumulation hasn't been captured yet. The direction seems contingent upon the selling pressure when reaching two resistance levels. With the monthly candle closing and the weekly candle changing tomorrow, we might see some directionality. Ultimately, since we're moving within a large triangle convergence, considering a significant direction change (a strong direction) might be more appropriate after breaking out of convergence.Longby pwm43672
BTCUSD SELL SIDE MOMENTUM Bitcoin looking for sell side momentum continuation no buy side breakout found ... Last 24hrs it's in correction mode maybe upside spikes may form anytime, place sell and place sell limit at 68500 or 69000 Shortby DNA_Trader_Officials1
BTCUSDT Long trading ideaOKX:BTCUSDT Long trading idea Probable fractal repetition of the previous scenario shown on the graph In this regard, a correction from the current 38% is likely. I place limit orders on spot in the order book at prices 48048 47074 47047 46064 45054 45045 44044 43043 43034 42042 42024 41041 41014 Average price 44044 Experimental trading idea Repetition at your own riskLongby FelixVexelman2
Triangle formationThe bitcoin price is forming a triangle pattern with a breakout deadline on Monday. A breakout on Monday would be ideal as volume could be very high and the move could be very aggressive.by raulovidiu311
Symmetrical Triangle Price is trading within a symmetrical triangle. if price wants to touch the upper trendline (resistance), then it must hold the price above the green area. breaking below the green area can send us back to the bottom trendline (support)by SforShiraz1
Btc new athHi everyone, wish u all a great weekend New ath for btc/usdt will be happening till 5th jun Then we will go for a big dump Hope u get noticed Wish u the bestsLongby cancerofiran1
Bitcoin and altcoins overview(May 30-31)We continue to trade within the local balance for Bitcoin . The exit over the slope did not provide a significant result, each update to the lower boundary is bought out. Now we can see a repeated stab of the formed local minimum and with a repeated buyout, you can try to enter long from the seller's weakness. Sales zone when implementing a long scenario: $70,000-$70,400 (local volume zone), $71,000-$71,400 (volume anomalies). Buyer zones below: $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies). We also draw attention to the level of $66,300, behind which a significant liquidity is accumulated. Interesting altcoins. For UNI , there is currently a weak correctional movement, if there is a reaction from the volume zone 9.85-9.4, we open a long position. by Crypto_robotics1
btc channel i think this is btc channel and just(( at up we have liquidity can collect this and reduce so be care))Shortby MR_G0ld2
Bitcoin sellBTCUSD big selling pressure on its way fasten your TPs and SL most of the chance suddenly market fall into our TP ... so be careful with your positions... take rest it's already 60 pips profit given ... hopefully more 200 pips expected to fall Shortby DNA_Trader_Officials1
BTC CUP AND HANDLE CHART PATTERN SPOTTED Following the recent Bitcoin 2% dip as Mt. Gox wallets move over $7 billion crypto exchange Mt. Gox moved over 107,000 BTC worth nearly $7.3 billion to a single unknown wallet ahead of its plan to return BTC to creditors before October. This has caused a massive FUD as price dips down to FWB:67K A CUP AND HANDLE CHART PATTERN has been formed in the WKLY TF indicating a potential bullish trend while the temporary dip, builds up liquidity for the the next bull run 🚀 Longby TerraBogXchange1
Btcusd sellBitcoin breaks the trend lineand continues to fall pattern let take a short with this boyShortby DNA_Trader_Officials1
BTCUSDT1. This Ascending Triangle will break up and give us an ATH this week IMO. 2. Don't be fearful over the MT. Gox distributions. 3. Remember the distributions are in CRYPTOCAP:BTC and many of these creditors are OG's so not all will be selling. 4. As price goes higher we will always have new supply coming onto market for different reasons do not let it shake you out. 5. I expect us to hit $81,000-$85,000 in June.Longby PistolPeteno11
BTC Price Prediction and Elliott Wave AnalysisHello friends, We are running to end our correction Green B through this wave Orange Y. Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna2
BTCUSDT,BTCUSD buy longcurrently price mitigated demand zone, also created CHoCH on 15 minutes. As US dollar fundamentals shows weakness over the week, BTC will buy long into 15mins imbalance Longby Trader_prosper2
27/05/24 Weekly outlookLast weeks high: $71,999.47 Last weeks low: $69,028.57 Midpoint: $66,057.66 After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin. Ethereum has been a relatively slow mover in comparison to some of the rest of the altcoin market. However, now that the ETFs are approved and it is to be expected that ETH will have huge Inflows just as BTC did with a >50% increase since approval. All this means that I could see BTC fighting the '21 ATH for sometime while the altcoin market and mostly ETH will take the spotlight for the next week at least. SWB:69K lines up well with the weekly range Midpoint and that's the key battle for BTC, so far this Bullrun we've seen BTC lead the way generally, could it be time for ETH to take over? This week I think ETH and ETH beta plays (OP, ARB, LDO, METIS etc) are the ones to watch, I would be cautious when it comes to Longing ETH blindly at this level, yes the massive demand increase will help price rise but as we saw with BTC after ETF approval, price did drop 18% over two weeks post approval. I'm not saying this will definitely happen with ETH, so far despite an initial 10% whipsaw price has stayed generally the same with a slight move up, however It is worth noting.by ProR35Updated 1