BTC Important UpdateBTC recently faced rejection at the $71k resistance level, dropping as low as $68.4k. I am expecting a bounce from the $68k support level. #BTCLongby Dexter_The_Trader221
Trend lines are also lagging(?)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think trend lines are drawn to find out the trend that appears when candles are formed. Therefore, since they are drawn after candles are formed, they can be called lagging. However, since there is a characteristic of moving along a trend that has been formed unless there is a special issue, chart analysis is done by referring to trend lines. To draw trend lines, you need to understand the arrangement of candles. If not, there is a high possibility that it will be a meaningless line, so you need to study candles in advance to draw trend lines. The point to use as a reference when drawing trend lines may vary depending on your investment style. When drawing a trend line, I draw it according to the following rules. 1. Connect the opening price of the falling candle among the price candles corresponding to the high point of the StochRSI indicator (indicated by the blue line) 2. Connect the low point of the price candles corresponding to the low point of the StochRSI indicator (indicated by the light green (#00FF00) line) The setting values of the StochRSI indicator are 3, 3, 14, 7 (K, D, RSI, Stoch). However, the source value is the value of the Heikin-Ashi candle (Open + Close) / 2. The difference can be confirmed by the StochRSI indicator and the Stoch RSI indicator of the TS - BW indicator on the chart. 1. Use the high point formed when the StochRSI indicator rises above 80, 2. Use the low point formed when the StochRSI indicator falls below 20. Exclude any low or high points formed other than these. The trend line connecting the low points can be connected by connecting the low points of the price candles. However, the trend line connecting the high points must connect the opening price of the falling candle among the price candles, so when the price candle where the high point of the StochRSI indicator is formed is an upward candle, the opening price of the first falling candle among the right candles is specified and used. Therefore, since there is a difference between the StochRSI indicator of the TS -BW indicator and the general StochRSI indicator, it is recommended to use the StochRSI indicator formula of the TS - BW indicator if possible. When the StochRSI indicator entered the oversold zone and formed two low points, the trend line was not drawn by connecting the two low points. Therefore, the trend line is drawn as shown on the chart. Both the most recently drawn trend lines (1) and (2) are down, so it seems likely that a change in trend will occur. However, since it is virtually impossible to know with just the trend line, it is recommended to comprehensively evaluate by adding auxiliary indicators. Therefore, it is recommended to refer to the BW indicator, which displays MACD, StochRSI, CCI, PVT, and SuperTrend indicators. If the BW indicator is rising from the 0 point, it means that the trend is rising. On the contrary, if it is falling from the 0 point, it means that the trend is falling. Since the BW indicator is currently above the 0 point, we can see that the trend is rising. Therefore, when looking at the trend line and the BW indicator comprehensively, we can respond by selling when it falls from the recently drawn trend lines (1) and (2). However, since the BW indicator is in an upward trend, it is recommended to respond with a split sell rather than a 100% sell. It is still difficult to determine the timing of trading with the trend line alone. Therefore, it is recommended to select the timing of trading by indicating the support and resistance points. In that sense, it is a good idea to add HA-Low, HA-High indicators and use them to select the trading period. Even if you do not use HA-Low, HA-High indicators, you should draw support and resistance lines according to the arrangement of candles on the 1M, 1W, and 1D charts and mark them on the chart to select the trading period. The good thing about using indicators that indicate support and resistance points is that the support and resistance points do not change depending on your psychological state. When you start trading, your psychological state may become unstable due to price volatility, and if you are in an unstable psychological state, you may draw a line incorrectly, which may result in an unreliable line. Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- Educationby readCrypto12
BITCOIN 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. BTC/USDT Analysis – Short Update BTC is trading within this bearish pattern. Rebound: BTC is rebounding from the horizontal support zone. The 100-day moving average is acting as resistance. Potential Movements: A breakdown below the support zone would indicate a bearish trend. A breakout above the triangle would suggest a bullish trend. Stay tuned for further updates. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.Longby CryptoSanders956313
Bitcoin's Post-Halving Surge: Is the Bull Run Here to Stay?Hi Realistic Traders, let's take a look into the technical analysis of BINANCE:BTCUSDT after halving! Bitcoin has consistently held above its bullish trendline, rebounding from it three times. Recently, it has moved above the EMA90 line again, suggesting the trend could continue. A closer look at the price action shows Bitcoin breaking out of a falling wedge pattern with a bullish Marubozu candlestick. The MACD momentum indicator has shifted from the negative to the positive zone. All these technical factors support the potential for upward movement toward our first target at 79,173 or the second target at 71,415. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments belowLongby financialfreedomgoals101Updated 2216
BTC Camarilla Monthly Pivot points setupHere are the monthly Camarilla pivot points for Bitcoin. Some potential levels of entry and exit to manage a positional trade. (in this situation it would be a long trade)by Gunslinger200511
BTC will soon reach 73,000 From the daily level, Bitcoin has completed the support-pressure conversion. The support below is the previous small high point, so the overall trend is upward. The trading strategy can go long at the support level of 67500-68000, and the target level is 72000-73000. If you agree with my point of view, remember to pay attention, and leave a message if you have any questionsLongby SignalkingUpdated 10
Potential for a shadow and subsequent increase towards 69/70KCurrently, the price is approaching the support of the upward trend. There is a liquidity zone at the $65,800 level, indicating a potential shadow and a subsequent price increase towards $69,000/$70,000. If the current support is broken, there is a likelihood of the price moving towards $64,000/$62,000. Observing these levels can provide insights into potential market movements. As long as the price remains in an upward trend, monitoring pullbacks (price retracements) could be beneficial for understanding market dynamics.by MonoCoinSignal10
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k. Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond. From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high. This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week. Spotted at 60k area. TAYOR. Longby JSALUpdated 19
BTCUSDT #49 ( ready to start upward move ) Hello dear traders. Good days. First of all thanks for your comments and support . BTCUSDT on monthly Gann Square could not able to broken Gann Square price level and with get support from the lower Gann Square Fan line and pass Bearish Gann Square phase it is ready to broken upward and move to the upper Gann Fan line and Gann Square Arc resistance. Small sharp decline up to the 67k can we consider and then upward move . Good luck and safe trades. Longby SHAlavi7
💎 BITCOIN (BTC) : a Big Move Beyond $70,000? (READ THE CAPTION)With a recent analysis of the #Bitcoin chart in the weekly (logarithmic) timeframe, we can see that the price has once again succeeded in returning above the $70,000 level. As I have mentioned multiple times in recent analyses, I am expecting an explosive move from Bitcoin soon, with targets of $77,000, $85,000, and $100,000, respectively! Main Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban Longby ArmanShabanTrading202054
BITCOIN CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. #BTC/USDT Analysis The crypto market has entered a strong bullish rally following the successful breakout and subsequent retest of the symmetrical triangle pattern. This rally faces horizontal resistance, a crucial level influencing short-term price movements. Symmetrical Triangle Pattern: The breakout and retest of this pattern have led to the current bullish rally. 50-Day Moving Average: This moving average is moving upwards, indicating ongoing bullish momentum and acting as a dynamic support. Resistance: Bitcoin is facing horizontal resistance. A decisive break above this level will further validate the current bullish sentiment. Support: The 50-day moving average is providing dynamic support, reinforcing the upward trend. If Bitcoin breaks above the horizontal resistance with strong volume confirmation, consider entering a long position. This move could lead to continued upward momentum and new highs. Place a stop-loss order below the 50-day moving average or recent support level to effectively manage risk. Summary: Bitcoin (BTC/USDT) is showing strong bullish momentum after the breakout and retest of the symmetrical triangle pattern. The current rally is facing horizontal resistance, which is a crucial level for short-term price movements. A decisive break above this resistance could lead to continued upward momentum and new highs, while the 50-day moving average provides dynamic support. Stay tuned for further updates and analysis. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.Longby CryptoSanders95638
BTCUSDT (bitcoin), falling after bulls activity.Hi friend. There is situation when we have clear bulls accumulation and distribution at once. But finally market accumulate more than 4 x bigger bullish volume then distribut. So i mark intresting market levels and first bearish target is 66448. Dont forget to support me. And have a nice trading week. 💪 Also remember that crypto like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.Shortby JinFlarkUpdated 7
Support around 71280.01 is the keyHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The volatility period is ending. Since the StochRSI indicator currently looks to be rising to the overbought zone, the key is whether it can be supported around 71280.01. Therefore, if it is supported around 71.280.01 by June 13, it is likely to lead to further increase. If it fails to rise above 71280.01, it should check whether it can be supported around 69K-70231.38. (1W chart) Looking at the 1W chart, if the price is maintained around 71280.01, the StochRSI indicator is expected to enter the overbought zone. Accordingly, whether there is support around 71280.01 is an important issue. The volatility period on the 1W chart is until the week including July 29th. Have a good time. Thank you. -------------------------------------------------- - Big picture A full-scale uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCryptoUpdated 6
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
#BTCUSDT | 1 HOUR TIMEFRAME UPDATE#BTCUSDT | 1 HOUR TIMEFRAME UPDATE I will wait for the price to reach the zone of $70,700 - $70,450 and then we can look for confirmation in the 15-minute time frame to open a LONG position. The objective for this UPWARD movement is to achieve $72,132 - $72,850 - $73,880 🔼 Invalidation below $70,068 ❌ Longby mrsignalllUpdated 7
#BTC/USDT 4 Hours Technical Analysis!#Bitcoin Short-Term Analysis Bitcoin's price action (PA) is expected to be choppy in the near term, providing more consistent opportunities in altcoins. If you're trading with leverage, be prepared to see your positions fluctuate between gains and losses. Just take a look at the current price action. Key Levels to Watch: - Bullish Sentiment: Bulls need to hold the $66,888 level to maintain a bullish outlook. - Support Levels: A break below $66,888 could see Bitcoin drop to the $62,300-$63,300 range. Market Dynamics: The more stagnant and boring the price action becomes, the easier it is for market makers (MMs) to manipulate the market. Trading Strategy: - Leverage Traders: Stay focused and cautious if you're trying to scalp. - Spot Traders: Hold your positions and avoid making impulsive decisions. My thought: Amidst market turbulence, we stand firm since $16k, aiming for the long run. Stay focused with me, distractions won't sway us. I hope this helps. Cheers! Do hit the like button if you like it. Thank you #PEACELongby Cryptorphic24
Bitcoin BTC price + CPI US 15.05 will stir up the marketHere is a chart of #BTCUSDT on the 12-hour timeframe. At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural. But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change. Tomorrow is the announcement of the "fresh" US CPI rate. Forecast: inflation will decrease from 3.5% to 3.4%. Declining inflation = a good signal for the growth of financial markets. But the tweet from Mr. Biden adds some "spice". President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing. This is either a pre-election promise or a good opportunity to start the “printing press” And now for a bit of conspiracy theorizing: Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%. This will definitely cause a powerful surge and growth in the market. The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19. Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?) So where do you think the CRYPTOCAP:BTC price will go in 24 hours? 👍 towards $71000 👎🏿 towards $56500Editors' picksby P_S_tradeUpdated 2121248
BTC - short setupMost info on the chart, but: TPO nPoC HVN fib 0.618 retracement All in all good setup with clear targets on the downside. Confluence of those levels above us might be a good magnet during the weekend to get into a short on a 'scampump'. If local lows here break first or get swept first, the setup becomes invalid of course.Shortby Tealstreet5
BTC - Ready For Some Action?Hello TradingView Family / Fellow Traders, As per my last analysis, BTC rejected the $60,000 support and traded higher. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $72,000 resistance is needed. In this case, a movement towards the $80,000 resistance would be expected. 2️⃣ Bearish - Correction In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasrby TheSignalyst141433
Bitcoin latest news interpretation and market analysis!Hello, Traders! Today, We have to Speak about King “₿”. The Bitcoin Halving usually represents a significant milestone in the cryptocurrency's ongoing evolution. Satoshi Nakamoto programmed an event into the Bitcoin network every 210,000 blocks or approximately every 4 years. This will continue until the mining of 21 million coins (estimated to occur in ≈2140) marks the end of the cryptocurrency's issuance. To gain an understanding of its impact, it is necessary to analyze historical data: 1st Halving (Nov 2012): Price was ≈$12.0 (Pre-Halving), escalating to an unprecedented peak of ≈$1.240 in November 2013. 2nd Halving (July 2016): The price stood at ≈$600 (Pre-Halving), surging to a remarkable high of ≈$19.756 in December 2017. 3rd Halving (May 2020): The price was ≈$8.500 (Pre-Halving), catapulting to a new pinnacle of ≈$64.800 in April 2021 and ≈$69.000 in November 2021. 4th Halving (April 2024): At the time of this writing, the price has risen from ≈$64,000 to nearly $66,000. In Bitcoin's early days, miners received 50 BTC for every new block they added to the blockchain. However, after the 1st Halving (November 2012), that dropped to 25 BTC. Then, after the 2nd Halving (July 2016), it became 12.5 BTC. After the 3rd Halving, it's down to 6.25 BTC. The 4th Halving (April 2024) reduced the reward from 6.25 to 3.125 BTC. A review of historical data indicates that, in the period following each halving of Bitcoin, prices have consistently risen within a span of six to twelve months. However, the current situation is distinct. Why? This time, the price of Bitcoin reached a new high before the halving event occurred. The graph reveals that the previous ATH was achieved in November 2021 but was subsequently surpassed on 24 March 2024. It is noteworthy that the halving event occurred on May 1, 2024. However, it's crucial to note that the relationship between halving events and price fluctuations is complex and multifaceted. It is not just expectations and moods. Numerous factors, including market fundamental events and technological developments, contribute to Bitcoin's price dynamics. This time around, the landscape surrounding the Halving Event is undeniably different, characterized by numerous vital factors that distinguish it from previous cycles. Foremost among these differentiators is the advent of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, marking a significant milestone in Bitcoin's integration into mainstream finance. Introduced by prominent financial institutions, these ETFs have swiftly garnered attention and investment inflows, reshaping the market structure. The launch of spot Bitcoin ETFs has been met with enthusiasm, evidenced by impressive net inflows totaling over $12 billion within a short span. While recent data indicates a slowdown in net inflows and a temporary outflow streak leading up to the halving, the long-term implications of these ETFs on Bitcoin's demand dynamics are profound. Consistent daily inflows into these products could provide significant support for Bitcoin's price, particularly as the rate of newly mined Bitcoin decreases post-halving. With the Halving Event now behind us, what's in store for its future? Time will reveal the answer, but with these fundamental factors in play, one can't help but hope for the best. What do you think?by Future-transactionUpdated 5
BTC Hourly Update.BTC Update: BTC is standing strong at $67.3k where we have the 200EMA and the supporting trendline. We are likely to see a bounce toward $70k once again. Resistance: $70k. Support: $67.3k.Longby Dexter_The_TraderUpdated 4416
Bitcoin is ready to go up soonHi traders, Bitcoin consolidated some more and it looks like it's making a triangle (wave 4). If this analysis is correct we could see the next upmove (wave 5) next week. So let's see what the market does and react. Trade idea: Trade longs after the finish of the triangle. If you want to learn more about my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading5
Future TargetsBitcoin moved to the 4-hour support range of $70,500 - $70,150, found support, and then hit the resistance at $71,500, where it was initially rejected. If Bitcoin breaks this resistance, it could move towards higher targets. Over the weekend, expect it to range within this area and complete a pullback before continuing upward towards $75,000. Currently, it is testing both static and dynamic resistance levels. Key levels are: Support: $70,500 / Resistance: $71,500by MonoCoinSignal7