BTC Temporary Shorts⚠️ BTC has given Daily Reversal Pattern. Watching for 1hr reversal pattern which is also looking like a lovely internal 4hr pattern. This could be top of our current cycle for now due to all the inefficiency left behind. Liquidity, and Timing is Key 🔑 Shortby CEOInvesting3
BTC 67k - 71k range reclaimedYay, we recovered. Very strong growth after the 3-month long triangle. I didn’t expect BTC to bottom at ~56k, pretty much the exact date and time I wrote the previous post. Whatever I bought at below 61k, I sold at 65k and didn’t re-buy the pullback. Not buying at current levels either, not until we stabilize above the 71k, or go way way down. The H&S idea from 01 May seems to be invalidated. Which is good I guess: hoping we’re not going to go this low ever. Now we seem to be trading in a 67k to 71k range. It’s the 4th failed attempt at ~71k, and the 4th bounce off 61k this year. I guess 5th time is the charm. As always, no clue whether we go up or down, but we’ve been trading in a tight range for 3 months now, some volatility is to be expected at this point. However, I don't see any such setup just yet. Couldn't convince myself to sell BTC at around 70k, even though we were close to the top and didn't seem to have the fuel to break through. Should we break below 67k, it would be a safe bet to temporarily get out. by elefes3
correction It is expected that the corrective trend will end in the specified support ranges and then a trend reversal will be formed. Then we expect to see the beginning of the upward trendShortby STPFOREX3
Is $btc Bitcoin ready for new price Discovery?Bitcoin's price action is currently outside it's falling channel! Will it rise? Current Price: $69400 In my previous analysis of bitcoin's break out of the channel, there were two possibilities: 1. Breakout is actually a fake out and bitcoin will further break down to lower supports 64k, 60k. This has not happened! The next possibility is 2. Bitcoin is retesting channel support to attempt higher prices up to $79k (price discovery). This is looking like a likely possibility as price has remained above the retest area around 67k Key resistances above: 69800, 72900. then price discovery from 76400, 79200, 82200, 84600 Invalidation below 67kby Ifiok-2sydesUpdated 5
BTSUSD 1:5 R Long4 tsag bulish patter ni seterch garsan 15min ADD entry ADD patterni jijig bulish iig Puul back hiisen gej vzsen Longby Monhvvlei3
BTC forecasting As we see here in our logarithmic chart, Bitcoin has been adhering to this trend line curve since its inception. Each year, the upward angle decreases, aligning with an increase in the duration of the ascent and a decrease in the percentage of the ascent. The correction occurs at an almost constant angle until it touches the bottom line. If Bitcoin continues on this path, I predict it will reach $102,000 by September of this year, then it will begin a correction with an angle similar to the past, reaching prices between $44,000 and $49,000, which are support zones. Longby TTM_20223
Bitcoin Big Sell off!I hope you guys enjoyed the video; if you have any questions or comments feel free to comment down below!07:18by financialhour3
SHORT TRADING HIGH PRECISION ORDER FLOWBitcoin 1 DAY SHORT 🅾 BTC Futures x 75 Entry Point : USD 67500 Target : USD 64750 Stop Loss : USD 68000 Loss Brake : USD??? Leverage is extremely risky and must be executed with money that we are willing to lose or hit the stop loss. Trading is the only profession in which the only person responsible for our actions is ourselves, our worst enemy is ourselves, here there is no one to blame, this is not a collective work, the only one who presses the sell button buy and knows how much you invest and where to put a stop to losses, it is you, and only you, so always remember that. Important note: THE LEVEL OF LEVERAGE OR LEVERAGE, the alert for taking early profits, loss stop adjustment and forced operation closure are not done by this means but in the Private G. And also remember to always have control over your losses, focus on this and you will last. Comment: WARNING!!!! I AM NOT A FUTUROLOGIST, I DO NOT MAKE PREDICTIONS. I AM 100% A MARKET OPERATOR, I WORK BASED ON MY EXPERIENCE, CONSISTENCY AND MY PLANNING IN TRADING. Leave a comment that is helpful or encouraging together we can dominate the markets!!!..Shortby ANTICRIPTOVENGANZA113
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
#BTC/USD Forecasts Suggest a Rally to $85,000 in Q3!📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted as strong support, with the price bouncing off the highlighted support zone multiple times. The recent bullish momentum suggests a breakout could be imminent. 🟢 Bullish Scenario: - A breakout above the current resistance of around $69,000 could propel BTC towards the next psychological level of $72,000 and beyond. According to Fibonacci extension levels, BTC could reach approximately $86,700 within the next 6-8 weeks. 🔴 Bearish Scenario: - Failure to break above the resistance may lead to a retest of the $62,959.01 support level. Stay tuned for more updates and trade wisely! 📈 Please hit the like button if you like my charts. Thank you #PEACE Longby Cryptorphic13
BTC Pullback? I believe BTC has topped out for now and looking at options contracts and fib lvls $30000 BTC wouldn’t shock me. Just my opinion. THIS IS NOT FINANCIAL ADVICE Shortby SpaceCadetAcademy2
Make Fomo Great Again.To all the bears who think the top is in...YOU'RE FIRED!, Seriously there are so many signs pointing to more up...if you can't see it learn to read charts or better yet go to specsavers...Longby Swoop68
Bitcoin long #bitcoinrange POC verry important level on the chart IMO. potential support long into ATH. 1.618 -target. lose the poc and i can see us rotating to to the VAL. no financial advice!! DO UR OWN RESEARCH AND MANAGE RISK CORRECTLYby Who_likes_taxesUpdated 113
BTC. Weekly trading levels 27.05.2024 - 2.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 7
BTC price tomorrow at 7am will be higher than today at same timeThe price will go down to support level then bounce back to reach next resistance level at same time 7am tomorrowLongby bestraderbro3
Bitcoin Monthly Bullish ScenarioHello everyone. Did some preliminary work on BTC today. I will update with more details explaining my technical analysis. Preliminary observation : Maintain of bullish scenario. However, original and modified schiff structures lost in 2018. Good news, current must zone to hold is upwards of 20, 30k so prices under these levels jeopardize this analysis.Editors' picksLongby AvenueWorkUpdated 226226648
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
74.75K seems the nearest oneMorning folks, So, as we've said, if BTC breaks 69K it should go higher. That we see now. Nearest upside target is based on the same pattern - reverse H&S that we're trading for a couple of weeks already. It stands at 74.75K But at the same time, I would like to show you this one - reverse H&S on top. If we see that BTC starts falling fast, it could be not the signal of reversal but the forming of the right arm. Just be prepared to this scenario if BTC starts showing fast downside action. For primary scenario (direct upward action to 74.75) we consider two support levels, where long entry might be interesting - 68K and 66.10K We consider no shorts by far.Longby Sive-MortenUpdated 9
BTCUSD M30 FORCAST Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring BTCUSD Looking for Bullish Because That Running in a Trend line That we have Mentioned Already in Chart Pattern, Reason : -Bullish TRENDLINE -Support TRENDLINE -Resistance Area Follow -Supply Zone -Continuosly Bearish by XAUUSD-GOLD-PIPS3
BTCUSD will drop in 2025!1) I drew Support Line on RSI Indicator and it may be broken in 2025. 2) I drew Support line on Momentum indicator and it may be broken in 2025. 3) I drew Support line on CCI indicator and it may be broken in 2025. 4) DMI indicator has ADX and i applied ADXR which is used to quit from position early because it gives that strong trend is over.by EmirhanhmcUpdated 4
Bullish continuation up. OB below Monday range is great entryBTC has built a strong base. All bullish PD Arrays are respected. and it's going for the liquidation above 75K ATH. Would be interesting to see if it will be a break out for the bull run or it will come back down to the range. ETFs have positive inflows, which is a good sign. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-Hunter3