BTC Price Prediction and Elliott Wave AnalysisHello friends, we reached to our target today, So I make a full analysis, you will get it just a few minutes ( GO THERE ). Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna4
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 thassan214Updated 224
BTC - 3D UpdateBTC has failed yet again to close a 3D candle above the $71.3k resistance leading us on a large liquidation hunt back to to the $68k level currently trading above $69k. Our post a few weeks ago outlining this extremely important level can be found here: Right now it seems like we are testing the old resistance that was flipped into new support as new support again. A link to that post can be found here: Same trendline was wicked to during the liquidation hunt. Right now things are in tact for BTC if it can continue to hold these levels of support. We can still say with confidence that the true bull market will not begin until a 3D candle is closed above $71.3k. Will give you guys some altcoins charts to watch next. by VIAQUANT1
Bitcoin Chart Analysis: Cup and Handle PatternObserving the Pattern Upon examining the Bitcoin chart, we notice the formation of a classic Cup and Handle pattern over the past few months. Cup Formation: Period: The cup started forming in early April 2024. Bitcoin's price began at around $71,630, declined to a low of approximately $56,500 by end-April, and then gradually climbed back to the $71,630 level by late May. Shape: The bottom of the cup is rounded, indicating a strong consolidation phase, which adds strength to the pattern. Handle Formation: Period: The handle started forming in by late May 2024. The price moved sideways with a slight downward trend, fluctuating between $71,630 and $66,500. Shape: The handle is relatively short and tight, with the price consolidating without significant drops, maintaining the overall bullish structure. Breakout and Target Projection Breakout Point: The breakout has not yet occurred. We are closely watching the $71,630 resistance level. A decisive move above this level with increased volume will confirm the breakout. Volume: It is essential to observe a noticeable increase in trading volume during the breakout, which will further validate the pattern. Measuring the Target To determine the first target after the breakout, we measure the depth of the cup: Depth of the Cup: The difference between the peak ($71,630) and the bottom ($56,500) is $15,130. Target Price: Adding this depth to the breakout point gives us a target. Thus, $71,630 + $15,130 = $86,760. Conclusion As the breakout has not yet occurred, it is crucial to monitor Bitcoin's price action around the $71,630 resistance level. A successful breakout with increased volume would set the first target for Bitcoin at approximately $86,760. Investors should remain vigilant for confirming signals and be prepared to adjust their positions accordingly.by MyNameIsEmrah111
BTC/USDT - Zone de BUY intéressante !Bonjour a tous ! nous passons haussier sur l'BTC/USDT ! -Voici mon avis sur l'BTC/USDT : -Nous avons de la liquidité. -Nous avons une zone intéressante. -Nous avons le fibo optimal. -Nous avons une accumulation avant/sur la zone. -Nous somme avec la tendance. Voilà pourquoi je verrais donc l'BTC/USDT rebondir sur la zone et monter ! 🚀 Si vous avez aimé et si vous en voulez plus, n'hésitez pas à vous abonner et Boost la publication !Longby ex_rico3
BITCOIN NOTCOINAccording to the chart, Bitcoin can break the 74,000 Tether static resistance break. The next targets on the chart will be 78,000 Tether and 61,000 Tether.Longby mahshiddadashzadeh113
BTCUSDT | 15M FALSE BREAKOUTExciting movements on BTC today! The last two 1-hour candles were intriguing, showing some notable volume. On the 15M timeframe, we broke the low and then bounced back up. With a false break on the 1H timeframe, we might see a retest of the 15M low. This sets up an interesting opportunity to go long. I've set my order—let's see how it plays out!Longby minno91Updated 220
Bitcoin Bull Flag: Last Hurdle for a Major Rally Over six weeks ago, Bitcoin start forming a Bull Flag pattern. The breakout above the 20-day and 50-day Simple Moving Averages (SMAs) confirmed a low, setting the stage for a potential rally towards the Bull flag's target of approximately $100K. Fast forward to today, BTCUSD has not only surpassed these SMAs but also cleared the Ichimoku Cloud, positioning the price above the 20-day, 50-day, and 200-day SMAs. This alignment signals a bullish outlook. Recent Price Action Recently, Bitcoin has surged past the $71,600 mark, showing a 3.30% increase in the last 4 days. This rise is driven by renewed enthusiasm from both new and short-term investors. According to GlassNode’s latest report, the market is seeing a resurgence in speculative interest. Long-term holders (LTHs), considered the most experienced market participants, are maintaining their positions and continue to accumulate Bitcoin, indicating strong confidence in its long-term growth potential. Technical Resistance and Support Since its all-time high in March, Bitcoin has faced resistance at the Bull flag's upper trend line, with three failed breakout attempts in April an May. As of June 7, BTCUSD is testing this critical resistance again. A successful breakout could lead to a significant rally to $100K, while failure to clear this trend line might result in a correction towards the $54-55K range — watch carefully on SMAs an Ichimoku Cloud. Market Sentiment The "Sell-Side Risk Ratio" suggests that most profit-taking has already occurred within the current price range, pointing to the potential for volatile movements soon. Despite recent market consolidation, long-term holders have shown minimal selling activity, reinforcing their confidence in Bitcoin's future appreciation. Conclusion Bitcoin’s market outlook remains optimistic. The alignment of key SMAs and the Ichimoku Cloud supports a bullish scenario, with further gains likely as speculative interest increases and long-term holders remain steadfast. The next critical test is the $71,300 resistance level, which, if cleared, could pave the way for a substantial rally.Longby Vestinda4
Bitcoin Price Prediction June 2024The idea based on wyckoff schematic. BTC will pump if successfully breaks the 74k resistance.Longby zenbowski1
Bitcoin is Ready to Fall===>>Symmetrical TriangleBitcoin has managed to break the lower line of the ascending channel and is moving in a symmetrical triangle . We can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) in the chart (it is a bearish sign ). I expect Bitcoin to break the lower line of the symmetrical triangle and fall to the targets I have specified in the chart. Important Support Zone($69,500_$68,820) : Monthly Pivot Point//Fib Cluster//100_SMA(Daily)//50_SMA(Daily) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Shortby pejman_zwinUpdated 323287
Fast Short on BTCUSDTWe are currently in a wide sideways channel. We gradually move down from its upper border. After a short five-day up - down movements, I think we will continue to move towards the lower part. Let's see.Shortby HPotterUpdated 15
Bitcoin has attacked the short-term downward trendlineBitcoin has attacked the short-term downward trendline resistance. This movement could indicate an attempt to break this resistance and a potential trend change.by MonoCoinSignal5
BTCUSDT LONG Day chart view shows uptrend continues low time frame also looking upside breakout completed ... 1:2 RR use proper MM Longby DNA_Trader_Officials1
Btcusdt Short setup After make a mss on 15min Take a short from pd.arry on 4h Targeting the other pd.arry in opposite side. Small stop loss Shortby mohammadztzt1223
SHORT BTC 1MSHORT BTC 1M timeframe :) If Bitcoin closes above 76500 for two to three weeks on a weekly basis, this analysis will be canceled.Shortby dorkhah3
BTCUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial adviseLongby Rising33B2
Optimizing Returns: Position Sizing, Leverage and Spot TradingWhomever told you "Size doesn't matter" in trading, has never had a big "size" and probably just borrowed someone elses. In the dynamic landscape of trading, where fortunes can be made and lost in the blink of an eye, various strategies vie for attention. Position sizing, leverage trading, and spot trading each offer distinct approaches to navigating the volatile markets. Understanding the nuances and risks associated with each is essential for traders seeking to optimize their returns while managing risk effectively. Position Sizing: A Prudent Approach Position sizing is a strategy that emphasizes determining the appropriate amount of capital to allocate to a trade relative to one's overall portfolio. Rather than relying on borrowed funds to amplify gains, position sizing focuses on prudent allocation and risk management. Consider this scenario: Here is something that happened to me recently: Over a week ago I invested just $80 in #Bitcoin and the price moved 12% since My return: $11.75 A few days ago I invested $1,000 in Bitcoin and the price moved only 3% My return: +$26.00 Despite the smaller percentage gain in the first scenario, the return on investment is substantially lower due to the smaller position size. This highlights a fundamental principle: the size of one's position significantly impacts the magnitude of returns. While the absolute gains may seem modest in the examples provided, they demonstrate the potential for consistent growth without the need for excessive risk-taking. Leverage Trading: Temptation and Risk Leverage trading offers the allure of magnified returns by allowing traders to control positions larger than their initial capital. However, this comes with inherent risks, including fees associated with borrowing and the potential for significant losses. Many traders are drawn to leverage trading in pursuit of exponential gains. Yet, they often overlook the substantial risks involved. Despite the promise of greater returns, the reality is that losses can mount swiftly, eroding profits and even leading to negative balances. Furthermore, the psychological toll of leverage trading can be significant. Constantly chasing high-risk, high-reward opportunities can result in emotional exhaustion and impulsive decision-making, fueling a cycle of loss and frustration. Spot Trading: Proceed with Caution Spot trading stands as a stalwart option for those seeking to invest without the complexities of leverage. However, even in this seemingly straightforward arena, there are nuances to be wary of, particularly when it comes to leveraging spot positions. Spot trading entails purchasing and holding an asset with the expectation of long-term appreciation. Unlike leverage trading, where borrowed funds amplify gains and losses, spot trading relies solely on the investor's own capital. This approach is often favored for its simplicity and reduced risk exposure. However, the temptation to employ leverage in spot trading can lead to unforeseen consequences. Leveraging spot positions increases the potential for losses, as the borrowed funds magnify both gains and losses. Moreover, the dynamics of unrealized and realized profit and loss (PnL) can confound inexperienced traders. Finding Balance: The Art of Risk Management The key to successful trading lies in finding the balance between risk and reward. While leverage trading offers the potential for rapid growth, it requires a disciplined approach to risk management. Instead of fixating on borrowed size, traders should focus on optimizing position size relative to their available capital. Understanding the interplay between unrealized and realized PnL is crucial for making informed trading decisions in both leverage and spot trading. By exercising prudence and restraint, traders can optimize their returns while safeguarding against undue exposure to market volatility. In the end, what truly matters is finding a harmonious balance between these strategies. Whether it's careful position sizing, navigating the highs and lows of leverage trading, or sticking to the grounded principles of spot trading, it's all about embracing a method that resonates with your risk tolerance and goals. With a keen understanding of the intricacies involved and a disciplined mindset guiding your every move, you'll be well-equipped to chart your course through the markets and seize every opportunity that comes your way. by CoffeeshopCrypto4
Possible Cup and Handle pattern for BTC!Keeping an eye on BTC with fingers crossed it will go upwards and complete the cup and handle pattern it seems to have formed. Not financial advice and always DYOR! by tnywms12091
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 2221
BTCUSDT Can Break the Bullish Flag Pattern....!Dear Traders, We are convening a discussion focused on #BTCUSDT A Bullish Flag Pattern is Formed Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move of 20%🚀 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart #nfts#trading #forex #trader #investing #stocks #forextrader #stockmarket #daytrader #forextrading #invest #bitcoin #daytrading #cryptocurrency #crypto #investor #investment #forexsignals #nse #chartpattern #cedarforex #candlepatterns #learntrading #bseinstitute #shorttermtrade #bankniftytrading #stockmarketph #calloptions #mqlsignal #futuretrader #tradingmemes #chartpatterns #tradingview #tradinglife #tradinglifestyle #tradingstrategy #tradingtips #tradingplan #tradingsignals #tradingaccounts #tradingsignal #tradingforex #tradingsync #tradingroom #litecoin #ethereum #bitcoincash #cryptocurrencies #ripple #btc #bitcoinnews #bitcoinmining #blockchain #eth #bitcoin #bitcoins #coinbase #cryptocurrency #crypto #bitcointrading #dogecoin CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE CRYPTOCAP:DOGE NASDAQ:ALT Longby AvaSmithTrades331
BTC UPDATE#BTC did attempt to breakout and again closed before turning it into a fakeout. We have a support at $70,500 which price rejected and looks like it’s going for a retest now. A new HH is expected very soon, by the end as structure is bullish.Longby cryptobrainbox1
📈 Correction Is Done And BTC About To Hit The New ATH📥 Last Night We Had a Hard Rejection From The Trend Line And It Caused The Dump To The 67k Support Level As a 2.618% PRZ And I Named It As a Wave C Low 📈 Currently Clear Bull Flag Formed At The Chart And The BTC Playing Below It And This Time I Expect a Breakout Toward a 75500$ As a Next Target 👉 Totally By Last Night Dump I Think The Correction Is Over And The BITCOIN Is Ready To Hit The New ATHLongby Bullish_TradersUpdated 161677
Bitcoin $BTCUSD EoM ReviewBitcoin currently rangebound with areas of importance being: $70,687.56 Buystop Liquidity $66,312.16 Sellstop Liquidity Macro: $59,005 - $72,79711:34by LegendSinceUpdated 1