#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
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
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
BTC price prediction and Elliott wave analysis Hello Friends, Thank you for joining me in my analysis, remember to like, subscribe and stay tuned for more updates. Thanks Bros by MASCryptoAna2
BTC inverse head and shoulder 92K Good day Everyone Bitcoin have been trading above the bull flag breakout in the 3 days time frame I think once we can start closing above 72.5K new all time high will come fast. Two bullish pattern in play bull flag breakout as well as an inverse head and shoulder can breakout . Also we have a Stoch RSI weekly cross bullish. Longby WhaleKingpin3
BTC/USDT 4HInterval Chart Hello everyone, I invite you to a quick review of the BTC chart. As we can see on the chart, we are locally moving against very strong resistance. After unfolding the fib retracement mesh, we can see support at the level of $69,701, the second support is at the level of $68,415, and then we have a very strong support at the level of $66,305. Looking the other way, you can similarly identify resistance points. And here we will start by identifying a very strong resistance zone in which the price is currently moving from $70,781 to $72,001, only when we manage to break out, we will be able to see a move towards $75,450.by cryptodailyuk3
the bigger picture....this is the BTC bigger picture however we need to be patient in order to see the real direction of the marketShortby sirajo013
BTCUSDT: Scalping 'Short' opportunityWhile waiting for the 50% moving average (yellow) to shift up to the median 50% level (orange) (previously the upper 50% level), I would place a sell market order at the 70715 price level as my short positon. This is indicated by the bearish divergence between the price and RSI. I am expecting the price to land at the confleunce level at 69600. However, price may still go up if the process of divergence still have enough upward momentum. To increase confidence in placing the order, I would wait for the 50% moving average to shift up and price must clise below the 50% moving average. In the meantime, watch out for upward momentum until the divergence has been completed. (this indicator will be piublished soon) /please DYOR/trade at your own riskShortby DexterMGarciaUpdated 223
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
Bitcoin LiquidationBitcoin Liquidation there is Short & Long Liquidation price on binance I look about the liquidity prices there is a huge liquidity Long Liquidation red line's 68350 66650 Short Liquidation long line's 81000 74100 by lanky90112
Potential setups Idea 1: rotation from internal range high Idea 2: Deep retracement in to old range Idea 3: rotation from range high Follow for more by Trade-Journal2
wycoff distribution on btcBTC daily timeframe is currently in a range and creating a wycoff distribution pattern. Price have created PSY,BC, AR, ST, SOW in Phase B and currently we are waiting for UT in Phase B which will create a new ATH before the dropShortby bankaztee5
BTC Bullish Fractal TriggeredWilliams bullish fractal has been triggered, I think its time to look for longs. Possible targets, by using the 10k bull run. Longby TheChartWhisperer2
BTC short term price actionCRYPTOCAP:BTC short term price action update •sell side liquidity is (619156) as a swing low point and short term support •sell side draw on liquidity is (5819562) as a LVN on previous quarterly volume profile that attract the price •expect will hit 61956 then give small bounce then dump hard in on candle to (58195.62) and there we will make a new update . by HB_Trading1Updated 6621
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
Bitcoin Bull-Flag Breaking OutIn my most recent BTC analysis I talked about a pending break out of a bull-flag pattern. My previous design was not the one the market agreed upon, so had to redraw the bottom support. As expected, the price is breaking out through the top resistance as we speak. Wait for the candle to close for confirmation. My view is quite bullish, so I'm expecting this break out to lead to a new ATH in the coming weeks.Longby FieryTradingUpdated 3341
Bitcoin's LAST Hurdle: Short-Squeezing To New Highs!Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short. My best guess is that Bitcoin is going to trade around the purple area for a couple of days, flushing out over-leveraged bulls and bears. However, the break out that will follow will likely be violent. With all the short-stops lying above the current all-time high, it's more than likely that the new all-time high break out will take us multiple percentages above the current ATH. I'm personally aiming at 80k within the first 1-2 days, potentially even 90k in the first week after the break out. Be patient and dont trade small fake-outs.Longby FieryTradingUpdated 17
BTC - BORING TIME BUT BE PATIENT (MAY 2024)BTC - BORING TIME BUT BE PATIENT (MAY 2024) I know the market has been boring and choppy but be patient. The long-term is still bullish I believe. Longby Ehsan_1307Updated 7
BTC: Bull Pennant forming! Previously, the price formed an inverse Head & Shoulders pattern and broke the neckline to the upside. Now, it is consolidating in a bull pennant pattern, indicating a high probability of further upward movement. If the price breaks the resistance zone, reaching 80k is likely. Currently, attention is on the DXY and S&P500. If the DXY continues to decline, a new ATH for both the S&P500 and BTC is expected. Therefore, monitoring the DXY is crucial to anticipate BTC's next direction. For now, the DXY has been declining, so a bullish move for BTC could be imminent! Longby MBM_CryptoUpdated 141439
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