Watching breakout here on #BTC missed my entry at 65k never wicked over weekend, being patient now for the breakout, see if we get the entry & it runs for the new range highs Longby BromadicUpdated 0
BTC PriceTrading in the upward trajectory, Bitcoin price structure favours the further potential up move toward the $75K. Longby TheCoinRepublic0
BTC:SELL Don’t get emotional BTC has been around, for most of us we have cheered it on as it broke all the predictions. It was a once in a lifetime opportunity for the believers. It rewarded newcomers for years for their faith. It is a beautiful technology and will always be a classic store of value within the Crypto community it grandfathered. Despite this: Times are changing. Do not get overly emotional. Currently it is priced over $70k. The area is a notorious resistance. Be smart and use this range to set up shorts. Make money, trade the chart. Volume and a need for liquidity tell us: SELL Someday we will see those wild predictions come true. But for now, wait to buy back in at lower prices. Shortby xXDauntlessXx220
Knife Painting by Bit CoinBTCUSDT.P @ 1D | LANE HOPPING Knife INCOMING! Place your palms firmly and catch with care. *Band aids not included.* Metaphors aside, candle structures can be quite deceiving, therefore playing “Time Frame Detective” is vital as that’s where one may discover the revealed “Knife Painting”. It’s not the question of IF, but precisely WHEN. Bitcoin has been weaving quite a flag since Q1 and into Q2, with lots of noise... and still weaving. Sub-Support: $47.8K to $54.5K Support: $44.4K to $50.5K To all my fellow ‘Ninja Scalpers’, this may be another opportunity where hedging skills may improve significantly. Anticipate, do not improvise. The story obviously doesn’t end here. This move may be fun, resulting in a V-Shape recovery to NEW DISCOVERY: FWB:88K to $96K window Stay vigilant Ladies and Gents. Sleep.Hunt.TP. You know the drill. by LCraft0
BTC Price Prediction and Elliott Wave AnalysisHello friends, Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna1
BTC Price Prediction and Elliott Wave AnalysisHello friends, Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Brosby MASCryptoAna1
BTC SIGNALS ALTCOIN SEASONWhen there is a new high on the chart for BTC, I believe ALTCOINS will severely out perform BTC Longby halodude240
One of the strongest moving possibilities of BitcoinThis is not investment advice. It only shows the strongest possible movement of Bitcoin for the higher time frameby MR-V2020Updated 221
BTCUSDT :I should analyze the American time, but I'm not at that time Bitcoin has a range, that range of liquidation of people is high, which means that it may pump that area and we will have an upward trend. You can give us up to 74,000 bitcoins 72190 is an important resistance for me. Go to the exchange book and look, wherever there is more book, put a stop buy there. In three days, the weekly will be closed, either it has to be closed or it has to be rejected, if it is closed, we will go for 85 thousand. The ascending wave that has started is much smaller than the previous ascending wave Today, opening a short position is very risky, open a long position above 69639, that is, after 71644, it is a very good point to open a long position. Early position is not necessary for Bitcoin, 71644 is goodby Armitaryan0
Bitcoin and altcoins overview(June 6-7)Yesterday we tried to consolidate above the volume zone in bitcoin , but so far unsuccessfully. We are still trading within this zone. Local expectations are the same, with a higher probability we will go for a small correction. Globally, longs should be considered from the nearest buyer zones with the aim of renewing ATH. Buyer zones: $70,000-$69,000 (pushing volumes), $68,200-$67,200 (accumulated volume), $64,500-$62,700 (pushing volumes), $61,200-$60,400 (volume zone) $58,500-$57,000 (volume anomalies). Interesting altcoins. For the TIA coin, it is worth considering a long, at least to the upper border of the local sideways, when forming this structure (consolidation above ~$10.6). When the lower border is hammered, a strong buyback appears, as well as quite large volumes are formed, for the positioning of which it is interesting to observe. by Crypto_robotics0
December 2022 = major short squeeze???Boring times in the crypto market so great opportunity to analyze deeper than usual. What I have found is that when BTCLONG crossed above RSI 50 level (monthly close March 2021), a long squeeze followed and it is still going on since April 2021. With monthly closure of November 2022 BTCSHORT will close above RSI 50 so I wonder whether there would follow a major short squeeze like, long squeeze in April 2021. I draw a Fib retracement and maximum pain for both sides show us a price level of around $ 31000. Maybe a Santa rally till this level is coming? What do you think? Longby MyNameIsEmrahUpdated 338
BTC 1 H /06.06.20204The market frequently created a structure like this when there is POI above. The price must tap an extreme POI before starts dropping.Shortby KKTradeJournal0
#BTCUSDT ( binance )A beautiful channel with two leading red resistors. First, let's see what he does with the first one, until then...... Some bullish and bearish patterns are also evident in the chart.by akbarkarimzsfeh2
Btc possibility 75k Friday evening sell off could be an amazing opportunity for easy pips. Wait for yor setup don't sell blindly at this level it may just blow off 5k points . This is only one of many possibilities. Protect your account take possessions accordingly Shortby matthewdowds3
Where are you going dear crypto? (long term)Bitcoin finished 5 weekly wave in end of 2021 and we are in more complex forth monthly wave. So where we are? TOTAL3 also finished 5th wave and alt coins are in corrective move (ABC) - look at elliott wave oscillator and squeeze indicator BTC.D looks like accumulation structure. Note: I am not sure if we saw spring yet. ratio TOTAL3/BTC looks like triple top (ratio 1 looks like strong resistence) and rising wedge with decreasing volume.by sodaeUpdated 332
The road to Bitcoins all time high! My next tradeIn this video we go through the recent price action for Bitcoin. Our levels remain similar to yesterday with the addition of 3 local scalps namely 2 continuation plays and one potential PO3 play Follow for moreLong21:43by Trade-Journal4
BTC(BITCOIN) is ready to go up * 1D BTC is currently trying to break through the upper trend line of triangular convergence, and if this section is supported, it can rise to TP1, the mid-term downward trend line. If it breaks through the mid-term downward trend line and supports it, it is expected to rise significantly. Longby untoldanalysisUpdated 2
Bitcoin (BTC) Market UpdateCurrent Situation: Yesterday, Bitcoin saw a 4% move to the upside, igniting the rest of the market. If this trend continues, we could be in for a very strong month. Resistance Levels: Major Resistance: $72,000 (bottom of the range area acting as major resistance) All-Time High: $73,800 Next Resistance: $76,000 Market Dynamics: Short Squeeze Potential: Many short BTC traders have their stop-losses just above $72,000 and even more above the all-time high of $73,800. If the price starts triggering those stops, it could cause a cascade effect, pushing the price higher as short traders cover their positions by going long. Bullish Breakout: A move above the all-time high of $73,800 will likely trigger significant bullish momentum, potentially driving the price to $76,000 or higher if a massive short squeeze occurs. Impact on Altcoins: Bullish Sentiment: A breakout above the all-time high will be very bullish for the broader market, especially for altcoins, which have been lagging in recent months. Trade Strategy: For Bulls: Watch for a breakout above $72,000 and $73,800 for potential long opportunities, targeting $76,000 and higher. For Bears: Be cautious of potential short squeezes and set stop-losses appropriately above key resistance levels. Stay vigilant for market movements and ready to capitalize on potential bullish trends. #Crypto #Bitcoin #BTC #MarketUpdate #ResistanceLevels #ShortSqueeze #BullishTrend #Cryptocurrency #Trading #Blockchainby Richtv_official115
Bitcoin (BTC) is currently in Phase D based on WyckoffBitcoin has further upside potential. If the price breaks through the resistance level at 72,000, the next price target could be the high around 84,000. Key Points: Phase D (Accumulation): Bitcoin is being accumulated by large players (institutions) after a period of price decline. This is characterized by increasing trading volume and the formation of strong support levels. SOS (Sign of Strength): A significant price increase in early April indicates strong buying interest and is an early signal of a potential trend reversal. Last Point of Support (LPS): The formation of a support level around 60,000 shows that buyers are strong enough to prevent further price decline. Backup (BU): A brief price decrease after the SOS to test the support level and trap sellers. Resistance Lines: Horizontal lines at 68,000 and 72,000 indicate resistance levels that need to be broken for the uptrend to continue. Support Lines: Horizontal lines at 60,000 and 56,000 indicate support levels that can prevent further price decline. Longby samkoba0
Why Trend is Not My Friend in Trading: Impact of Futures MarketsWhy Trend is Not My Friend in Trading: The Impact of Futures Markets In trading, it's often said that the real money is in the futures markets rather than the spot markets. Futures markets offer higher leverage, greater opportunities for profit, and a unique set of dynamics that can be advantageous for informed traders. However, while it's wise to focus on futures markets for these reasons, blindly following trends within them can be misleading and risky. The Relationship Between Futures and Spot Markets Trends in futures markets often have opposing effects in the spot market. The direction of the spot market is frequently determined by activities in the futures markets. For example, while the spot market may show an uptrend, this is often not due to a genuine upward trend but rather a downtrend (more short than long) in the futures markets. This apparent contradiction arises because futures markets exert a powerful influence on spot prices through mechanisms such as leverage, speculation, and contract expirations. In essence, there is no consistent trend that can be relied upon across both markets, which is why "trend is not my friend" in trading. Understanding the intricate dynamics between these markets is crucial for making informed trading decisions. Example of Analyzing the Bitcoin Futures Markets On November 30, 2022, during a relatively uneventful period in the cryptocurrency market, I took the opportunity to delve deeper into market analysis. I observed an intriguing pattern in the Bitcoin market, drawing from historical data and technical indicators to make future predictions In March 2021, I noticed that BTCLONG crossed above the RSI (Relative Strength Index) 50 level at the monthly close. This event was significant, as it triggered a long squeeze beginning in April 2021 that persisted for several months. A long squeeze occurs when a heavily longed asset experiences a sharp price drop, forcing long holders to liquidate their positions, which in turn exacerbates the downward pressure. By November 2022, I saw a similar setup but in the opposite direction. With the monthly close of November 2022, BTCSHORT was poised to cross above the RSI 50 level. Based on historical patterns, I speculated whether this would lead to a major short squeeze, similar to the long squeeze of April 2021. A short squeeze happens when a heavily shorted asset rises in price, compelling short sellers to cover their positions by buying back the asset, which drives the price even higher. To add depth to my analysis, I drew a Fibonacci retracement, indicating that the maximum pain point for both long and short positions converged around the $31,000 price level. I mused about the possibility of a "Santa rally" – a rise in asset prices during the final week of December – potentially pushing Bitcoin to this level. As the cryptocurrency community considered my analysis, market dynamics began to unfold. True to my prediction, a short squeeze did indeed follow the November 2022 monthly close. Bitcoin prices surged as short sellers scrambled to cover their positions, fueling a rapid increase in buying pressure. This rally propelled Bitcoin towards the $31,000 level, validating my technical analysis and highlighting the cyclical nature of market movements driven by trader psychology and technical indicators. The short squeeze of December 2022 became a notable event in Bitcoin's price history, mirroring the long squeeze of April 2021. It served as a reminder of the importance of technical analysis and historical patterns in understanding and predicting market behavior. The anticipation of a potential Santa rally added a festive twist to market sentiment, capturing the imagination of traders and analysts alike. In conclusion, my analysis on November 30, 2022, accurately foresaw the short squeeze that followed BTCSHORT's RSI 50 crossover. This event not only provided a profitable opportunity for those who heeded my analysis but also contributed to the broader understanding of market mechanics in the ever-evolving world of cryptocurrency trading. Now, in June 2024, a new development has emerged. For the first time on a monthly basis, both short and long positions are below the RSI 50 level. To refine our predictions, we can examine lower time frames. On weekly and daily charts, when the RSI for both short and long positions falls below 50, and the RSI for long positions is even lower than for short positions, the price typically doubles. Given that Bitcoin's current price is around $70,000, a prediction of $140,000 is not unrealistic. However, because there are too many long positions in daily time frame, I expect a drawback of about 10% to follow before the price doubles. This new scenario presents an intriguing opportunity to apply past patterns to current market conditions, forecasting a potentially significant price movement. As the market continues to evolve, the importance of thorough analysis and historical insight remains paramount in navigating the dynamic landscape of cryptocurrency trading. Conclusion In the complex and highly leveraged environment of futures markets, relying solely on trends can be perilous. The volatility, speculative nature, and structural peculiarities of futures markets often create false signals and abrupt reversals. Successful trading in futures markets requires a nuanced approach that goes beyond trend analysis, incorporating risk management, understanding of market mechanics, and a keen awareness of market sentiment. By recognizing the limitations and potential pitfalls of trend-following in futures markets, traders can develop more resilient and adaptable strategies.Longby MyNameIsEmrah0
Discovery Mission4h tales of future expectations Orbital price ping pong in bearish fractal reversal. Accelerating to the path of least resistance. We gotta fuel high to go to where no man every bought the top before us and beyond. Related idea: by Hhan44Updated 5
Bitcoin pump 2024 into 2025Probably nothing =D But I don't fade the bull. If you check my other ideas around this same scenario playing out, you'll see the confluence happening here. Keep an eye on rate cuts and M2 supply, we are about to boom.Longby Hammerloaf0
Long vs Short cyclesThis is a potential short cycle target for Bitcoin as we continue to follow this bullish parabola. The long potential cycle if we do break sideways / down and have a prolonger recovery is shown in red zone.Longby HammerloafUpdated 221