SYSTEM throws a sell signal on BTC , i believe itI have finished hardcoding the Signal system for the crypto assets, and it threw s a sell signal on btc, now btc was not supposed to be bearish at all this year but lets seeShortby AdriaFX0
Crypto ready for a cookoff?Revisiting a weekly chart of a 9 symbol crypto mega cap index (BTC, ETH, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC) one can't help but notice price resting on a shelf that was formed during momentum running deep into overbought territory. As the shelf is more or less flat for many months, we see momentum cooling into saner levels. Price could continue to base out in what turns out to be a bullish flag, especially with the Nasdaq 100 ripping fresh records, inflation cooling, rate cuts likely etc... It's also a scary place to think about going long on crypto though as there's a big gap down to the major support level! Shortby quickshiftinnUpdated 0
Spring Comes only after WinterNot Financial Advice. The timing on a greater timescale could wrong but I believe in the predicted price movementsLongby SaeidoscarUpdated 2
Still BULLISH on BTCStill bullish! I see BTC hitting a new ATH as the bullish flag formation is now broken signifying strong bullish sentiment. This move is being supported by the CPI and PPI numbers released this week which was bad for fiat and of course good for crypto. Longby PrimexCapital0
Is Bitcoin back in the game? | Analysis Bitcoin's price rallied sharply after United States Consumer Price Index (CPI) data came in lower than forecast. The CPI data was unchanged from last month, and the year-on-year figure of 3.3% showed a slowdown from the previous pace of 3.4% — both 0.1% lower than forecast. Bitcoin plummeted below the 20-day exponential moving average ($68,700) on June 11 but found support at the 50-day simple moving average ($65,982). The bulls aggressively purchased the dip to the 50-day SMA and pushed the price above the 20-day EMA. This suggests that the BTC/USDT pair may oscillate inside the tight range between $66,500 and $72,000 for some time. Buyers will have to catapult the price above the $72,000 to $73,777 resistance zone to seize control. That will open the gates for a rally to $80,000 and eventually to $88,000. On the downside, a slide below the 50-day SMA could start a downward move to $60,000. WHITEBIT:BTCUSDT by paul_endeo0
BTCUSDTHere is a short #TrendAnalysis on #BTCUSDT. Watch the whole video to see what to do if you are in a trade. If you are not in a trade wait for it! 03:04by XTradeSetup3
$BTC retest 0.5 fib level. Breaking?Hey there guyys! Some update for BTC, we retested the 0.5 fib level in the 4th correctional wave. But, according to volumes and my expectations to see full ABC corrections seems like we can test also 0.618 and from this level I will check the enter point. Also, there is summer, could also happen that we can go lower, so don't forget to use SL. Your thoughts? IMPORTANT! Always follow RM strategy. Don't take more than 5% risk. Happy trades!Shortby SheTradesHub0
One can dream, Bitcoin retest low/mid 60s then MarsCrazy year Bitcoin bulls going on summer vacations Can they return in time? Longby MatjazJ0
Bitcoin is at a Cross roads and MUST break a trend or loose High One of the MAJOR things we look to in trading are TRENDS. They give us patterns and Signals and the Longer a trend has existed, the stronger the "Suggestions" it can Give. Bitcoin has been in a rising Trend since it hit a Low in 2011. From this point, it has been subject to rejection off a Fibonacci Spiral. ( I have explained this in detail in other posts, so I will not spend to much time on it now ) The ATH's of 2013, 2017 and 2021 all were rejected off that line. What is VERY important to understand here is that a Spiral does not always rise...Once it reaches its apex, it will begin to descend again and that apex occurs around Feb 2025. Bitcoin has to break out of this Trend with Positive momentum. What is slightly concerning, is that PA is up high, near that line of rejection already. This RSI chart shows us that we do still have room on the RSI to go higher. The Vertical lines are the previous ATH's and where RSI was at that point. IT is the lower time frames that are currently cooling off but the weekly MACD, for instance, It still high and Just turning Bearish....We have 8 months for it to cool down to neutral or lower and it should manage that. Something that has also really crossed my mind is the Volume since 2011. "The Volume indicator is used to measure how much of a given financial asset has traded in a specific period of time. For example, with stocks, volume is measured by the traded shares. For futures, volume is based more on the number of contracts. By looking at volume patterns over time, traders can better understand the strengths of advances and declines in stocks as well as in markets in general." ( taken from Trading View ) What we are looking at there is a STRONG BEARISH DIVERGENCE. But do not worry, BTC has, in its history, had a remarkable habit of defeating this type of thing while in a Bullish state, as it is now. But it HAS to break this trend and get out and Above that upper line. I have little doubt that Bitcoin can break this trend. But as we move into the corporate World, things will change for all of us in Bitcoin's world now. For instance, that drop in Volume .... The Asset was able to be traded in higher volumes when you could buy 1000 Bitcoin for the price of a Beer. It is a little harder to do now. And People are "Betting" on BTC via ETF now and not directly Buying and these large Corporations will begin manipulating the price... WE NEED TO HOLD OUT BITCOIN CLOSE = NEVER SELL - The other indicators in the original image are, from top to bottom, VOLUME RSI SOPR MVRV Z Score ATR On a final note. This chart is from Bitstamp, the Exchange that ROBINHOOD just bought. That is one of th elarger financial corporations in the USA...they would not have just bought this exchange if there was a chance of collapse........But......always best to be aware of potential by Orriginal2
BTCUSD Short Prediction Using Fair Value Gap and Rejection ZoneClear Analysis On Chart. I am a Beginner and I am just documenting my journey and trying to learn from my Mistakes. Do Point out my mistakes and your thoughts. Appreciate experienced Opinions :) As a man thinketh, so he is.Shortby Hari_Nazrekar1
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.by bbitar3
BTCUSD Support Rejection At $67228.26 13.06.2024- Support rejection identified on 15-minute BTCUSD chart at $67228.26. - If rejection holds: - Potential upside target: $67845.68. - Break above $67845.68 could lead to further upward movement to $68324.31. - Alternatively, if rejection fails: - Potential downside target: $66461.07. - Break below $66461.07 may lead to further decline to $65475.32. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy1
Long bitcoinwe have buying some volume comes from the bottom, so far looks good, not decline below the 50% yet, still have some selling forces. Looking for the second low volume test at bottom, good luck and manage the risk; Longby Gilbert09672
(BTC) bitcoin some line divides as a potential coverage of the placement of different momentum between progress of the cryptocurrency chart for Bitcoin. Ignore the gray line because it was only the line used to draw the distances not necessarily there as a particular direction or angle of the chart of BTC. by CryptocurrencyBlot0
BTCUSDLooking for short position within the current price range towards the FVG and possibilities to tap the bullish trendline. Price is rejection the resistance level in the same level "71980" as the PMH (previous month high)Shortby im_kurt_mkg0
Bitcoin PA and the FED Rate rises History since 2021 The chart explains itself really but we can see that BTC PA has not been effected Directly but more by the impact on other organisations, Mostly Banks. What will be interesting to see i nt eh coming months, is what happens when the FED curs rates, probably in September 2024. On average, when the FED Pivots, Stocks fall...people tend to forget this. We shall have to wait and see if Bitcoin can ride it out, thoguhj I feel ETF's have changed the game a LOTby Orriginal0
Expired BTC.USD Weekly outlook. 2nd WK JUNE 2024Expired BTC.USD Weekly outlook. 2nd WK JUNE 2024 > BULLISH 📈 CORRECT Closed Price: 70,769 Target Price: 71,895 | Strike Price: 71,992 JUNE12 24' Upper Range: 87,841 Lower Range: 55,949 Longby putIQ1
Bearish Ascending TriangleBTC could drop 30% by the end of July if it breaks down from the ascending triangle pattern.Shortby OptiPulseUpdated 6
Bitcoin bullish outlookI like how Bitcoin is respecting the support I have marked out. Off we can end the day with a string bullish candle to give a bullish engulfing I would like to see price go back to the highs. Maybe break them and retrace and continue the bullish trendLongby Laylo221
A Bullish Outlook for BTCUSDIn the ever-evolving world of cryptocurrency trading, recent developments in global monetary policy have sparked renewed interest in the BTCUSD market. With the European Central Bank's (ECB) recent decision to trim interest rates and today's release of better-than-expected Consumer Price Index (CPI) data, coupled with ongoing speculation of potential interest rate cuts by the Federal Reserve (Fed), traders are eyeing long positions in Bitcoin (BTC) with a bullish outlook. Adding to the narrative, recent market dynamics reveal a pattern of range-bound trading in the BTCUSD market, with the $72,000 level serving as a key resistance level. As we anticipate a repetition of this pattern, informed traders are positioning themselves strategically to capitalize on potential price movements. Here's how traders are navigating these market conditions: Capitalizing on Central Bank Policies: The ECB's decision to lower interest rates underscores the prevailing sentiment of accommodative monetary policies aimed at stimulating economic growth. In response, traders are flocking to Bitcoin as a hedge against potential currency devaluation and inflationary pressures, driving demand and upward price momentum. Interpreting CPI Data and Market Expectations: Today's release of CPI data, slightly below expectations but still indicative of moderate inflationary pressures, has provided clarity on economic conditions. With the Fed expected to follow the ECB's lead and implement rate cuts, traders are anticipating a favorable environment for Bitcoin investments, as lower interest rates reduce the opportunity cost of holding cryptocurrencies. Technical Analysis and Strategic Positioning: Building on recent market trends, traders are employing technical analysis to identify key support and resistance levels. With the $72,000 level emerging as a significant resistance barrier, traders are setting profit-taking targets (TP) at this level, anticipating a potential retracement or consolidation. For risk management purposes, a stop-loss (SL) level at $67,000 is being widely utilized to mitigate downside risk. Market Sentiment and Long-Term Outlook: Despite short-term volatility, sentiment remains overwhelmingly bullish among long-term investors, driven by Bitcoin's growing adoption as a store of value and inflation hedge. Institutional interest, coupled with increasing retail participation, further validates Bitcoin's status as a viable investment asset, with the potential for substantial long-term gains. In conclusion, the convergence of central bank policies, economic data releases, and technical market analysis paints a compelling picture for traders seeking opportunities in the BTCUSD market. By leveraging strategic insights and risk management techniques, traders can position themselves to capitalize on potential price movements while navigating market volatility effectively. As always, traders are encouraged to conduct thorough research, stay informed of market developments, and adhere to disciplined trading strategies to achieve their financial objectives in the dynamic world of cryptocurrency trading.Longby exlux990
Bitcoin | btcusdt | btcusd on the verge of a brekout Bitcoin | btcusdt | btcusd on the verge of a brekout BINANCE:BTCUSDT btc looks extremely bullish above $69305 , support $66660 by XDataAnalystUpdated 3