BTCUSD Range BoundDid the BTC ETF's help? It looks like we are stuck in a range since they were allowed. We will probably continue to go sideways for a while.by RCON0
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point. Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.Longby FieryTrading2221
Final push before sub 50k We will see a quick pump towards 70k and a probable steep decline afterwards. Markets need some air and bitcoin needs lower prices for more demand. Shortby Flying_Dutchman_692
Final push before sub 50k We will see a quick pump towards 70k and a probable steep decline afterwards. Markets need some air and bitcoin needs lower prices for more demand. Shortby Flying_Dutchman_690
Quick BTC Analysis | Bearish Trend and Key Support Levels 1D TFOn the Bitcoin chart, a clear sequence of lower highs and lower lows since reaching the ATH (All-Time High) indicates the formation of a bearish trend. The 1D TF analysis shows that trading volumes have been decreasing with each subsequent peak, confirming diminishing interest in the asset. The overall decline in volumes within the current range indicates market weakness and the development of two potential price decline scenarios: the formation of a sideways trend with a gradual price decrease, or alternatively, a sharp price drop towards the nearby support area of $ 64K - $ 62K. If the price does not hold at these support levels, further declines towards the 0.618 Fibonacci level are expected. The volume profile also shows significant accumulation in the $ 52K - $ 51K range, emphasizing this area as key support. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. Conduct due diligence. by BestTeddyTrader1
BTCUSDT Parallel Channel BreakoutBTC break the upper side of the channel, now on retesting of channel support we can take entry of Buy. It's a long term trade(daily timeframe) so manage your risk accordingly.Longby mashhood4871
Bitcoin / U.S. _ Dollar _ Mid _ Distribution _ Prices _ Under _ Bitcoin / U.S. _ Dollar _ Mid _ Distribution _ Prices _ Under _ Trading _ Venue _ Coinbase We will split the data between 23rd, 24th , 25th, 26th then engineer them with 27th and today data then will bring the market to the Advance stage for the next few 48 hours! Let's breakdown! $67,507.38 , Retest is missing, it may touch this area! Next prices: $68,799.26 $68,937.41 $69,041.02 $69,248.23 $69,369.11 $69,446.81 $69,489.99 $69,628.13 $69,800.81 $69,869.88 $70,051.20 $70,085.73 $70,128.90 $70,310.22 $70,413.83 $70,603.78 New support confirmation : $70,711.81 $70,779.47 $71,021.10Shortby Skill-Knowledge-Conduct0
Spotting Bitcoin Bargains: Key Price Levels for Savvy InvestorsThe ever-volatile world of Bitcoin can be daunting for investors, especially when it comes to pinpointing the right moment to buy. The $66,000 Threshold: A Potential Re-Test and Buying Zone If the price dips below the $66000 level, it could trigger a further decline, potentially reaching the lower range of its recent consolidation period. This scenario, however, presents a prime opportunity for investors to accumulate Bitcoin at a potentially discounted price. Beyond $66,000: $61,000 as Another Possible Entry Point Analysts state Bitcoin could slide further, potentially reaching $61,000. This price point could represent another significant entry point for investors seeking to add Bitcoin to their portfolios. By closely monitoring these price levels, particularly the potential support zones around $66,000 and $61,000, investors can potentially capitalize on market dips and acquire Bitcoin at a potentially lower cost. However, it's crucial to remember that these are just potential entry points, and the market can be unpredictable. Dollar-Cost Averaging (DCA): A Sensible Strategy for Volatile Markets While strategic buying based on price zones can be tempting, analysts advocates for a strategy called Dollar-Cost Averaging (DCA) during volatile periods. DCA involves investing a fixed amount of money into Bitcoin at regular intervals, regardless of the current price. This approach aims to average out the cost per Bitcoin over time, mitigating the risk of buying at a peak. DCA is a prudent strategy, especially for those new to the cryptocurrency market or those who prefer a less hands-on approach. It removes the emotional element from investing and encourages a disciplined, long-term perspective. Beyond Price Points: Additional Considerations for Bitcoin Investors While price levels are a significant factor, they shouldn't be the sole consideration when buying Bitcoin. Investors should also consider the following: • Overall market trends: Analyze the broader market sentiment and identify any potential bullish or bearish signals. • Technical analysis: Utilize technical indicators to gain insights into potential support and resistance levels. • Fundamental analysis: Evaluate the underlying factors driving the value of Bitcoin, such as adoption rate, regulations, and upcoming developments. • Risk tolerance: Be honest about your risk tolerance and invest only what you can afford to lose. The Final Word: Strategic Buying and a Long-Term Vision Strategic buying based on price zones can be a valuable tool for investors seeking to maximize their returns on Bitcoin. However, it's crucial to combine this approach with a well-rounded investment strategy that considers market trends, technical analysis, and fundamental factors. Additionally, adopting a Dollar-Cost Averaging strategy can be a sensible way to navigate volatility and build a Bitcoin position over time. Remember, Bitcoin is a highly volatile asset, and there's no guaranteed path to success. By combining strategic buying with a long-term vision and a well-defined risk management plan, investors can potentially increase their chances of profiting in the dynamic world of Bitcoin. Longby bryandowningqln220
Big Bull Flag: Bullish Divergence on September after Halving..In this chart we represent 4 hours daily, where around Sep 2024 BTC goes 6-10 fold. Price ranges of 300K - 500K.by OleDarth0
Art of Trading - Trendlines 101First of all, I would like express my gratitude to all the followers and the support I have recently received from the community! This one is for everyone who has recently started with TradingView or are existing users but are very new to the art of trading. Today we'll be looking at "Trendlines" with a certain example that might leverage the importance of these lines. Before we get started, I want to mention a couple of qualities that are very essential for trading, -Patience -Resilience lack thereof which, the markets would definitely and repeatedly teach you! So, what is a trendline? Any two closes connected by a straight line can be called a trendline. Usually used in higher TF's (timeframes)but can also be used on smaller TFs. What is it's purpose? Once a certain trend has been established in a given TF and such line has been drawn, these can be used to identify supports or resistance where a probable bounce and continuation of the trend could occur. If the market is trending upwards, a line connecting the lows of two candles, usually the first breakout candle and the lowest pullback candle, can be established as a support trendline (see illustration). The same applies for a market that is trending downwards which will give us a resistance trendline. Trendlines in my opinion will always be respected by a market, and also act as, for the lack of a better word, magnets, pulling the asset towards it. So when an asset is hovering around a support trendline, chances are that the asset is pulled towards it. If the trend is strong enough the asset bounces, it not it breaks through. Once broken through support becomes resistance and vice versa. There will be of course instances when the asset breaks through a trendline but still closes above the trendline, faking participants out of the market, usually referred to as shaking out weak hands. But that's a topic for a different time. Now that you are aware what Trendlines are, what can you infer from the illustration above? Leave a comment! If you like this sort of posts, hit boost, so I can prepare more such content. I'm also only human, and still learning, and if you think the information I provide is erroneous, please let me so I can correct and learn together with you! Learning never stops! See you in the next one, peace! ______________________________________________________________________________________ Please use my referral link if you are looking to start a subscription! I would definitely recommend it as it provides the best tools to enable you become the best version of the trader that you deserve to be! www.tradingview.com Also if you want me to analyse any asset, feel free to leave it in the comments or dm, I'll make sure to share my opinion on it! Educationby TulpenFieber2
[BTCUSD] - BULLISH RALLY IS COMINGBITSTAMP:BTCUSD looks cheerful in LTF as there is a golden cross in both 4h,6h TF getting 90k is matter of time .. u can see the previous golden cross and how it raise from 42k to 73k!! dont forget to support us with ur like ,comment and follow for more ideas🎯by cecilionesUpdated 3939129
Cheeky BTC PUMP!?Cheeky little break out and retest of this falling wedge. Who's ready for 90K?Longby caelanmcnamara0
Mt.Gox Moves $7B BTC for Repayment Plans, Sparking BTC PlungeMt. Gox, the defunct Bitcoin exchange, has transferred over 107,000 CRYPTOCAP:BTC worth around $7 billion to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin ( CRYPTOCAP:BTC ) dropping by 1.7% to as low as $67,680 after reaching a high of over $70,000 on Monday. The first movement of assets from Mt. Gox's cold wallets in over five years and is likely a part of a plan to distribute the assets back to creditors before October 31, 2024. CryptoQuant head of research Julio Moreno said all coins have been transferred to a new address “1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6.” Alex Thorn, head of research at Galaxy, said most of the transferred bitcoin ( CRYPTOCAP:BTC ) would be held by creditors, instead of being sold on the open market. Technically, Bitcoin ( CRYPTOCAP:BTC ) is in a consolidation zone as buyers are reacting to Mt. Gox repayments plans to the once defunct BTC Exchange. The Relative Strength Index (RSI) of 55.68 signifies CRYPTOCAP:BTC is poised for trend reversal in the long term.Longby DEXWireNews4
Ruff estimate If the past repeats. THIS IS SPECULATION. This is just a ruff estimate if the past repeats, maybe. Longby Fairfieldj0
Bitcoin to move lower to 53K BTC to move lower to 53K as it reaches closer to ALL TIME HIGHS. Bitcoin has seen some growth for a couple of months and now need to shift lower.Shortby ThePitTraders5
Bitcoin gets rejected for the second timeAfter falling below $67,000 last week, Bitcoin (BTCUSD) recovered much of the losses over the weekend and yesterday. Nevertheless, the rally stopped at the descending channel’s upper bound, and Bitcoin retreated lower. Currently, it trades near the $68,000 mark, and the short-term bullish trend is losing momentum. Accordingly, our focus remains on the resistance at $70,000 and support at $66,343. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) above shows the descending channel. Two yellow arrows indicate rejections at its upper bound, which are slightly bearish. Illustration 1.02 The 4-hour Bitcoin (BTCUSD) chart above shows the ascending channel within the bigger descending channel, which can be used to observe the trend of a lesser degree; a price breakdown at its lower bound would bolster a bearish case. Technical conditions Daily time frame = Slightly bullish (turning neutral) Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Bitcoin addresses The number of Bitcoin addresses with balances exceeding 1,000 BTC has not changed dramatically since our previous update. In fact, the figure is near a 3-month high, suggesting big speculators are not liquidating their positions despite steep price tags. Similarly, there was no significant change in the number of addresses with balances exceeding 100 BTC. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. by Tradersweekly9
BTCUSD Uptrend is strong: 100k+ is imminentBTCUSD is holding key golden fib resistance during this uptrend since October 2023. 2W Heiken Ashi doji just printed as well, similar pattern as earlier in januar 2024. We are going much higher, 100k is just the first stop. Longby fugazitrade111
BTCUSD BUYLooking at the setup market has swept PDL and ARL we can see displacement to the up side, ,MSS and IMB we enter off the IMB and target 1:2 RRR Longby Billionairegroup_co0
BTC to break its ATH On June 12? The price of Bitcoin dropped 1.1 percent to $67,828 over the past 24 hours. Its price is now 8 percent below the all-time high reached in March, Trading View’s Bitcoin chart shows. Bitcoin is likely to break its all-time high if the upcoming May US inflation figures come in below April’s 3.4 percent, 10xResearch forecasts. “As the next CPI data release is scheduled for June 12, we expect that Bitcoin ETF inflows will likely remain strong(er) for the next two weeks. This should help lift Bitcoin to new all-time highs,” according to the crypto research firm’s daily note. Investors will have another inflation-related figure to trade on Friday, when the US personal consumption expenditures (PCE) index for May is released. The PCE index is expected to remain unchanged at 2.8 percent compared to April. According to ATTMO, both Bitcoin and Ether will profit from a bullish sun, indicating upside potential in the next 24 hours and the week ahead. Follow us for more crypto news and weather reports!Longby ATTMO1
Personal Op…BTC will drop to the value between 64,000 and 62,500 to seek liquidity and rise strongly. If it continues to go down, it will pass 62,000, it will make a bullish trend, creating resistance and it will go down to the value of 53,000 to rise strongly to the goal that BTC on the Halving wants to reach.by BuildProft1
BTC in huge bullish flag, when the breakout?Hello traderz! Happy to see you at the new trading week. Didn't post previous week, cause the BTC still moving in the same bullish flag. What is my thoughts and when we going to break it? End of the week we entering new month and, according to previous movements, we can see some growth middle of June and after again the correction till September cause summer is not really active for crypto even in bull run. Plus we still have descending volumes. Bullish signals: 1) Golden cross 2) Time cycles 3) Flag breakout (if will happen, can move SL) Doubts (or why to be careful): 1) Descending volumes 2) Weak market reaction 3) Summer season So I think we can long BTC from support line at around ~ 63.000$-65.000$ and I will suggest not to be greedy, take 30-50% with 10x leverage and close position. What's your thoughts?)Longby SheTradesHub2
Bitcoin (BTC): 2 Possible Entries For Bitcoin Short!The new week is here, and we see immediately some kind of small recovery happening after a failed attempt at breakout, where the price is now testing again on the upper side of resistance. Despite the small bounce at the beginning of the week, we have not changed our minds about a downward movement happening here. And to make it even more clear, we set 2 possible entry zones for Bitcoin short setup, where both will be active only once we secure those zones of $65000 and $60500. The second entry is the main one we are looking for!! Swallow Team Shortby SwallowPremiumUpdated 121215
BITCOIN NETWORKWhen Bitcoin was first introduced by the pseudonymous Satoshi Nakamoto in 2008, it generated a wide range of reactions and predictions from various sectors, including technology enthusiasts, economists, and financial experts. Here are some of the early predictions and opinions about Bitcoin: 1. **Skepticism and Dismissal**: - Many mainstream financial experts and economists were highly skeptical of Bitcoin. They saw it as a speculative bubble, similar to previous economic bubbles. For instance, economist Nouriel Roubini famously dismissed Bitcoin, predicting its eventual collapse. - Warren Buffett, a renowned investor, called Bitcoin "rat poison squared" and cautioned investors to stay away from it. 2. **Enthusiasm from Technologists**: - Among technologists and early adopters, there was significant enthusiasm. They saw Bitcoin as a revolutionary technology with the potential to disrupt the traditional financial system. The decentralized nature of Bitcoin and the underlying blockchain technology were particularly praised. - Hal Finney, a noted cryptographer, was one of the earliest supporters and received the first Bitcoin transaction from Satoshi Nakamoto. 3. **Libertarian Support**: - Bitcoin garnered considerable support from libertarians and those advocating for financial privacy and freedom. They viewed Bitcoin as a tool to circumvent government control and provide individuals with greater financial autonomy. 4. **Media Coverage**: - Early media coverage was a mix of curiosity and skepticism. Some articles highlighted the potential of Bitcoin to change the world, while others focused on its association with illicit activities due to its pseudonymous nature. 5. **Comparison to Gold**: - Some early proponents referred to Bitcoin as "digital gold," emphasizing its potential as a store of value. This comparison was made due to Bitcoin's limited supply (21 million coins) and its potential to act as a hedge against inflation and economic instability. 6. **Volatility Concerns**: - Many critics pointed to Bitcoin's extreme volatility as a major drawback, arguing that it would prevent Bitcoin from being used as a stable medium of exchange or store of value. Here are a few notable early quotes and predictions: - **Satoshi Nakamoto (2008)**: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." - **Hal Finney (2009)**: "Thinking about how to reduce CO2 emissions from a widespread Bitcoin implementation." - **Paul Krugman (2013)**: "Bitcoin is evil" - reflecting his strong skepticism and belief that Bitcoin would not succeed. Despite the mixed predictions and opinions, Bitcoin has grown significantly since its inception, influencing financial markets, inspiring numerous other cryptocurrencies, and sparking widespread interest in blockchain technology.Longby TrojanBible1