Will we see a copy of the previous wave in Bitcoin?Yes, it certainly seems impossible for this to happen one-to-one. I just wanted to share it as an idea. Longby falconlinefutures0
BTC 9/6/2024 Daily Time Frame AnalysisBased on the current chart and liquidity levels, it appears that after capturing the specified highs, Bitcoin is likely to experience a significant correction. The manner of the decline will indicate the continuation of the trend at lower price levels. Therefore, we can expect a minor upward move to capture liquidity, presenting the last opportunity to exit long positions before the correction. #Bitcoin #CryptoAnalysis #Trading #Cryptocurrency #BTCShortby ateimory1
Detailed Analysis and Investment RecommendationsPrice Movement Analysis Initial Stability (June 3 - June 4): The price of Bitcoin hovered around USD 67,000 to USD 68,000. This stability suggests a period of consolidation, where traders were accumulating positions. Significant Rise (June 4 - June 5): A noticeable increase in price occurred, moving Bitcoin above USD 69,000. This could be attributed to positive market sentiment, news, or an influx of buying pressure. Fluctuations and Volatility (June 5 - June 7): During these days, Bitcoin's price fluctuated between USD 68,000 and USD 70,000. This period indicates heightened volatility, possibly due to traders taking profits or reacting to short-term market developments. Peak and Sharp Drop (June 8): The price peaked near USD 71,000 before experiencing a sharp decline to below USD 69,000. Such a drop might indicate a strong resistance at the USD 71,000 level, causing a sell-off. Recovery Phase (June 9): Following the drop, the price began to recover, showing upward momentum. This recovery suggests buying interest and support at lower levels. Technical Indicators and Trends: Support Level: USD 68,000 has acted as a strong support level throughout the week. If the price dips below this level, it might indicate a bearish trend. Resistance Level: USD 71,000 is a critical resistance level. Breaking above this level could signal a bullish breakout and potential further gains. Moving Averages: If available, using moving averages (e.g., 50-day, 200-day) can provide additional insight into the trend direction. A crossover of short-term moving averages above long-term moving averages typically indicates bullish momentum. Investment Recommendations For Short-term Traders: Buy on Dips: Consider buying when the price approaches the USD 68,000 support level, as it has shown resilience and potential for recovery. Sell Near Resistance: Plan to sell or take profits if the price nears the USD 71,000 resistance level, as it has previously led to a sell-off. Stop-Loss Orders: Use stop-loss orders to protect against sharp declines, especially below the USD 68,000 support level. For Long-term Investors: Accumulate During Dips: Use price dips as opportunities to accumulate more Bitcoin. The recovery from the recent dip suggests underlying strength and investor confidence. Hold for Long-term Gains: Bitcoin's historical trend has shown substantial long-term growth despite short-term volatility. Holding through fluctuations can yield significant returns. Diversification: Consider diversifying your investment across different cryptocurrencies or asset classes to manage risk effectively. Monitoring and Strategy Adjustments: Stay informed about major news, regulatory changes, and events that could impact the cryptocurrency market. These factors can cause significant price movements. Regularly perform technical analysis to identify emerging trends, support, and resistance levels. Tools like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) can provide additional insights into market momentum. Periodically review your portfolio and investment strategy. Adjust your holdings based on market conditions and your risk tolerance.by bbitar1
Bitcoin selling pressure Selling pressure on order flow. I expect the rate cut to stall and stay the same. Trade at own discretion! Just an ideaShortby Izreal_p0
Is Bitcoin heading to 81245 quickly?Weekly chart, the crypto BTC has to close 2 months above 49100 to activate the target 81245 All-Time High Resistance at 69000 is a tough level to beat and may take some time before crossing upwards. Be careful of near-resistance zones, and raise the profit protection level as the price goes up!Longby snourUpdated 2
$BTC TOWARDS $65,000 ?👨🏻💻 CRYPTOCAP:BTC UPDATE (Continue) 🔹#BTC is forming a rising wedge, which is a bearish pattern. 🔹If it follows this pattern, we can expect a price drop. 🔹The next immediate support for Bitcoin is at $67,000. 🔹Since it's the weekend, the market will be slow. 🔹Tomorrow is the weekly candle closing, and we can expect the closing to be green. - - - - - - - - - - - - - - - - - - - - - - Follow #CryptoEase and Share it With Your Crypto Mate 😉 BINANCE:BTCUSDT Longby CRIPTOEASE0
Retesting the top the 7th time.COINBASE:BTCUSD Currently on the way to touch and retest the too resistance the 7ths time. Once breakout, the next target will be $70,000. If fail to breakout it will likely travell back down to the support.by stewart49860
BTC market structure analysis on 4, 1 hour, 15 minute timeframesDay swing is bullish 4H swing is bullish 1H swing is bullish M15 swing is bearish We can buy when in 15 minute time frame there is a bullish signal CHOCH by quangcttn0
BITCOIN RESPECTING YELLOW TRENDLINE ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. DisclaimerLongby bullstraders70
My Guides Line for Monthly Chart!with the time seeing Btc Price // i see the harmonical trends line ocorrurring// and i follow them before it happen.. and i can use it to sell or buy.. but in the last times, i lost some coins because i selling on worry time.. sorry friends;. its are guides line to see future prices what will could be happen.. by EvertonSamartinGarridoUpdated 0
weekly trends line for 2024im working in previous trends line by long time, and the previous line are working like i wait, but, are only limite for trends up or down when the previous line work like resistance and the price when reach any line, or crash or backby EvertonSamartinGarridoUpdated 221
Bears to Bull As per my observation If price takes Out the 4h liquify blow we may be look for a reversal to further put price on the bullish direction same as the daily/monthly biaShortby Andy_Col30
BTC correction to 58k levels momentum giving a sign of selling pressure, we might see correction levels to 58k or under until 50k .Shortby ahmed_do0
(BTC) bitcoin "volume"The volume measures of now versus the past are at a height that is as high as when Bitcoin was at a previous all time high years ago. The main difference now versus then in case people have already forgotten is the fact that the halving means a difference in value for mining and the capacity to hold blocks, mine block, transact blocks. The current volumes are high as they ever were in the past with a decrease in mining value and an increase in large in flows from ETF transactions with holdings being done through Coinbase to afford outsiders that want to use bitcoin to invest without being the physical holder of the BTC. The price of Bitcoin falling due to such high volumes is less likely when taking into consideratipn where the volume came into play in the first place and the halving change values. Will there be people that will use Bitcoin to transact during the Olympics to keep their transactions private internationally? How likely is the usage of Bitcoin in the real world coming? The sooner the realization of Bitcoin as a transactional digital currency internationally is understood the stronger the usage. You will have to make your own mind about whether the volume can go higher in the pink dot range and if the value of Bitcoin in your own mind is going to continue to increase, remain neutral thus allowing the pink dots to slowly decrease in height, or physically decrease in share value per BTC. Longby CryptocurrencyBlot0
logging idealooking like reversed head and shoulders higher low later in the summer followed by pump Fibs up top Top out 1 year after halveningLongby WilliamKutz0
POI LEG INDUCEMENT1. Price breaks top to create BOS 2. Price drops to break IDM 3. Buy in demand zone when lower timeframe gives CHOCH signalby quangcttn0
Bitcoin Aliens and the Lunar HeistThey are here and taking bitcoin to new heights, but not before a few cosmic tricks.Longby shenanigansUpdated 0
Live from the crypto cave TeddyTrader! 🖥️ My setup: tracking market moves 24/7. Here’s how it works: 📊 ⬛️ Left Screen: Real-time order flow from a combined chart of three major exchanges to catch big capital moves and clusters of Bid/Ask orders. ⬛️ Center Screen: In-depth on-chain and social analytics to gauge sentiment, activity, and key market behaviors. ⬛️ Right Screen: Advanced charting tools for detailed technical analysis, using specialized indicators and candlestick models to forecast price direction. 🔑 The secret to a reliable price direction analysis at 65% accuracy lies in these tools. Sorry for the photo skills, I’m better at trading! 🤣 Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡by BestTeddyTrader0
Btc ideaHere's the clear idea that I have for Bitcoin for this year Summer will range Q4 will resume Then April 2025 potential topby kaiju_crypto0
What if BTC doesn't get to 100k this year! The price action for the last month and a half has been a strange balance. Obviously, there is severe accumulation happening by institutions, but the selling pressure from miners and grayscale also has been quite extreme. This sets BTC up for a breakout, up or down. EW looks like a break upwards might be the first move to complete the minor degree wave 1 and then start the higher degree correction to reset this sideways move. Given the seasonality of the cycle and unpredictability around worldwide geopolitical situation, the correction might drag around. If that happens then we might not see 100k price for BTC this year. To play this, the best thing to do is to hold spot, take profits and collect some cash onto the next run up. Staying out of leveraged position is for the best. Next entry point could be between 48-43 k range and if that breaks then 35-31k range. The best-case scenario would keep the correction within the 0.5 fib level and Rocketship higher at the end of the ear into next year. This scenario is preferable for the EW count that discounts several other much worse bearish cases in the long run. This way, we will get a clean wave count and consecutive wave 3 runs would be mind numbingly strong.Longby mukit10
(BTC) bitcoinrank, % rank, median; info dots chart graph volume of buying power, note, graph indicator progress, process; make zone, ideas. Longby CryptocurrencyBlot0
BTC long potential - setup idea on Weekly timeframe - JUNE-2024 BTC long potential - setup idea on Weekly timeframe - JUNE-2024 by Marca Group Targets 82,000 JULY-2024 TARGET 86,000 AUGUST-2024 TARGET 96,000 SEP-2024 TARGET 100,000 - OCT-NOV TARGET 120,000 - JAN-FEB-2025 TARGET (BULLRUN). Longby MarcaGroup0
A Bitcoin Compression patternBitcoin appears to be compressing near all-time highs in what looks like an ascending triangle. Previously, Bitcoin would pierce the ascending triangle to the downside and the result would be the liquidation of all of the leverage in the system, then the price of Bitcoin would proceed to chop around more before eventually moving higher. Essentially, the ascending triangle pattern would be extended by double the amount of time, give or take. I have found this example in many uptrends in crypto and specifically in Bitcoin. While this scenario could certainly play out again, I lean more toward a sooner breakout before this type of scenario happens. Why? Quite simply - ETFs and big money have entered the market. A lot of these players are accumulating bitcoin for the long term in spot. The brokers will have a new fear to face besides waiting to liquidate people, what if they can't? It will force them to cover and the price could start driving higher sooner. This fact alone could lead Bitcoin to not follow its "usual" path of a breakdown first and an extension of its compression pattern and instead break to the upside and continue its journey further north. For now, we wait and see what happens. Cheers, TCDLongby ChartDudesUpdated 2