Bitcoin is following exactly 2017's trajectory This would predict a 1.4 million dollar BTC in april 2025. Longby picsou123Updated 0
Bitcoin BTC Updated Bull Run Path I have updated the Bitcoin path by looking at the time frames it took to break through each of the Fibs from the last two bull Runs. I found a command time frame between the two that I have applied to this Bull Run. We are looking at hitting the $193K+ price point now around Nov. 1, 2024. Also looking for an ALT season around Dec 2024. Let's see how things will play out.Longby C-J_0
BTCUSD simple analysis: bearish to bullishChart reached 70.25k and went bearish, staying in a state of sideways. This sideways form a triangle which broke below. Watching USD strength, there's a great chance that bitcoin will get even weaker making a bearish trend, but for safety, I don't recommend on selling. D1 timeframe shows that tuesday haves high chance to finish bullish, so if bearish happens, it may only be a bearish shadow and candle may transform to bullish at the end of the day. Hope to recieve boost! This follows up my D1 plan, fifth wave of Elliot Wave. Trade wise 👍.Longby FtradorexUpdated 0
MTF WAVE indicator Case study on $ALICECase study for the MTF Wave showing all entries and phases in a clear way. Make sure to compare the ideal MTF Wave concept with the actual MTF Wave indicator below the chart to compare the wave start, short and long entries, as well as different wave phases and how they correspond to Price action. This one geared up while showing the perfect Fake Down (large gap between gray and blue) right at the support retest after initial breakout, followed by a 116% run so far!Educationby cryptoheat0
Bitcoin 0.1M t- 1.6M 128,471.45 $$ to 1,674,366.14 $$ 1. **On Bitcoin's value and potential**: "Bitcoin paved the way for many existing altcoins in the market and marked a pivotal moment for digital payment solutions. As the world’s first cryptocurrency, Bitcoin has come a long way in terms of its value. Its transactions are fully transparent and can’t be censored, providing a global, censorship-resistant medium for financial exchange." 2. **On Bitcoin's decentralized nature**: "Bitcoin runs on a decentralized, peer-to-peer network, making it possible for individuals to conduct transactions without intermediaries. Transactions are transparent and secure thanks to the underlying blockchain technology, which stores and verifies recorded transaction data." 3. **On Bitcoin's market impact**: "Bitcoin has a circulating supply of 19.69M BTC and a maximum supply of 21,000,000 BTC tokens. Bitcoin is the leading cryptocurrency by market cap. Since it was introduced, the value of Bitcoin has risen consistently, and its user base has grown over time." Longby TrojanBible0
#BTCUSD #btcusd BITCOIN is going up that is one massive bull flag. New world asset needs time. No adviceLongby sideshowbull0
Gigantic Cup and Handel, approx. 300% moveLooks like a big Cub and Handel formation. Approx. 300% move depending on the break. Longby accurateCake98025220
Starting the next bull run (Grab your bowl - hopium incoming)1. The following is for entertainment purposes only. 2. Do not trade on this information. You will lose your money. 3. Yes I have positions and yes I am basing my decisions off of long term analysis like this *History doesn't repeat but it often rhymes* Two thoughts: 1. In February 2019, 5 months after the ichimoku long term and short term trend lines crossed in 2018 on the month scale, we started to see a relief rally in the bitcoin price It's now 5 months after the trend lines have crossed bearish again. Will we see a repeat? The ichimoku cloud seems to align with this. 2. 45 months after the 2017 peak we got the 2021 peak. If we create a trend line between those points and then project out another 45 months, we would see a peak of ~$123k. Conservative sure, but more realistic imo than all these million dollar projections. Longby dotnetrussellUpdated 553
Bitcoin Breaches $69,000: Bullish Breakout?Bitcoin Breaches $69,000: A Bullish Breakout or a Fleeting Glimpse? Bitcoin (BTC) bulls were ecstatic as the world's leading cryptocurrency climbed above $69,000 during early Asian trading on June 3rd. This move marked a significant milestone, breaking a resistance level that has held firm for the past 12 weeks. However, the crucial question remains: is this a decisive breakout or a temporary blip within a prolonged trading range? The recent surge follows a period of relative stability for Bitcoin. After reaching a new all-time high near $69,000 in early March, the price retreated and consolidated within a range of roughly $60,000 to $67,000. This consolidation phase, while frustrating for some investors hoping for immediate gains, can be a healthy sign for the long-term health of the market. Several factors are fueling the current optimism surrounding Bitcoin: • Institutional Adoption: The continued influx of institutional investors into the cryptocurrency space is a major driver of growth. Large investment firms, hedge funds, and even traditional banks are increasingly recognizing Bitcoin's potential as a valuable asset class. This institutional interest provides much-needed stability and legitimacy to the market. • Positive On-Chain Metrics: Analysis of on-chain data, which tracks the movement of Bitcoin on the blockchain, suggests positive signs for future price movements. Metrics like active addresses and exchange outflows indicate that investors are accumulating Bitcoin and holding onto their assets, which can reduce sell-off pressure and contribute to price appreciation. However, there are also reasons for caution: • Resistance at $69,000: The $69,000 level represents a significant point of resistance. Previous attempts to break above this level have been met with selling pressure, pushing the price back down. Successfully flipping this resistance into support will be a crucial step for a sustained bullish run. • Macroeconomic Concerns: The broader macroeconomic environment remains a source of uncertainty. Rising interest rates, a potential global recession, and ongoing geopolitical tensions could all dampen investor sentiment and negatively impact the cryptocurrency market. • Regulation: Regulatory scrutiny surrounding cryptocurrency remains a potential hurdle. Government intervention could stifle innovation and limit market growth, although clear regulations could also bring more stability and attract hesitant investors. So, will Bitcoin's climb above $69,000 be a lasting victory? Experts are divided. Some analysts believe this is a breakout signal, paving the way for a continued price increase towards new all-time highs. They point to the confluence of positive on-chain metrics, institutional adoption, and increasing scarcity of Bitcoin due to its capped supply. Others remain cautious. They highlight the strong resistance at $69,000 and the potential for a pullback if bulls fail to maintain momentum. Additionally, they emphasize the unpredictable nature of the cryptocurrency market and the influence of external factors like global economic conditions and regulations. Ultimately, the future direction of Bitcoin remains uncertain. However, the recent surge above $69,000 signifies a renewed sense of optimism in the market. Whether this translates to a sustained bull run or a temporary blip within a trading range will depend on various factors, including the ability of bulls to overcome resistance levels and the overall health of the global economy. In the coming weeks, investors should closely monitor key metrics such as trading volume, order book depth, and news surrounding regulations and institutional adoption. These factors will provide valuable insights into the strength of the current uptrend and the potential trajectory of Bitcoin in the near future. by bryandowningqln1
Bitcoin - a Project of the Federal Reserve? Conspiracy timeThe Bitcoin cycles are determined by halving - we all know this. It happens every 4 years, just like drum roll = U.S. presidential elections. Let's start with history. The Great Financial Crisis of 2007-2008 turned the global economy upside down, making everyone realize that the system needed a change. The Fed began to sharply lower the U.S. interest rate (a lower rate = cheaper loans, money and mortgages become more accessible, and markets start to grow). Barack Obama became President in November 2008. The Fed brought the rate to its minimum by December 2008. Attention! In January 2009 (one month after the rate was lowered to the minimum and two months after the U.S. elections), the first Bitcoin block was mined. When was the first Bitcoin halving? In November 2012, right after Barack Obama's re-election. Bull run! When was the second Bitcoin halving? In July 2016, Trump was elected in November. Bitcoin with its halving started to outpace the presidential elections because the hash rate increased and attention to Bitcoin grew. Bull run! The gap between the halving and the elections became roughly 4 months. When was the third Bitcoin halving? In May 2020, Biden was elected in November. The gap between the halving and the elections became 6 months. When was the fourth Bitcoin halving? In April 2024, a new president will be elected in November 2024. The gap between the halving and the elections will be roughly 7 months. Is Bitcoin a project of the U.S. government? Are they hedging in it, realizing that the dollar will eventually come to an end? I don’t have answers to all these questions. I’m just looking at the charts, reading smart books, and sharing this madness with you.by BukreevS3
The cost of BTC after halving (May '24)At the moment, the cost of BTC is about $39K. After halving the cost will be about 88K for the best miner at an electric power price of $0.10 per kWhby TuzemoonUpdated 1
BTC simple analysis: Volume correctionElliot Wave on recent bearish trend finished. High volume candles where left behind. Waiting for volume correction. Chart bounced on 300% E.W. fibo. . Fibo is between 2 and 4 peaks of E.W. Expecting to reach at least, cloose to the top of closest H volume candle. Longby FtradorexUpdated 1
BTCUSD Short: Completion of Wave 2Update to my idea previous where I mentioned that I expect a wave B down and then a wave C up. Now that I expect this wave 2 to have completed, it is time to short BTCUSD.Short02:51by yuchaosngUpdated 5
May 31 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. Nasdaq has an indicator announcement at 9:30. Today is bit and tether dominance It is really difficult to analyze because both sides are imminent. The possibility of a sideways move is very high. Tether dominance in patterns or flows It is more likely to rise than beat. Nasdaq is also in a situation where a rebound is unlikely. We created a strategy that was as safe as possible based on sideways movements. *Sky blue finger movement path Long position strategy 1. $67676.5 long position entry area / stop loss when breaking out of the light blue support line 2. $69,008 long position primary target -> Top secondary target Section 1 at the bottom is The major support line is 12 + the daily support zone. There is a very high probability that you will come down to this section today. So, I took the stop loss at a breakaway from the light blue support line. In this section, the rebound is weak or If there is a further decline in Nasdaq Bottom -> Section 2 at the bottom Please note that it may continue to flow throughout the weekend. Because there are no danger signals There was no final short position operation today. If today's strategy succeeds, over the weekend [ It looks like Bitcoin will surpass 100 million again. If you drag the analysis text up or down, I have left the main support and resistance prices above and below. I think it would be a good idea to use it as a reference. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank you Longby BitCoinGuideUpdated 5
uptrend As long as the price fluctuates above the support range, the continuation of the upward trend is likely. There is also a possibility of rising to the level of 138%Longby STPFOREX0
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 58579 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 116
BTC ready for the pump??As I marked out you can see a descending channel followed by a bullish pendent that's breaking out. I've also marked out key levels that price bounces from. As of today price has reacted of the range of 67500 (Each level being marked 2500 apart). I believe we can be seeing prices reaching 82500 pretty soon! Hope everyone is having a successful trading day so far. BTC to the Moon. good luck everyone Longby ProfitPanther2
BTCUSD SMALL RISK ENTRYI cancelled the previous short position and put a limit on the chart above. Just my own analysis TYOR!!!Shortby jayforex0724Updated 111
BTC: tight consolidation, preparing for a big pump aheadBTC: tight consolidation, preparing for a big pump ahead -BTC is shaping various chart patterns, maybe -Triangle/ Inside Bars. -Inversed HnS. -Bull flag. -Cup n Handle. . US STOCKS- WALL STREET DREAM- LET'S THE MARKET SPEAK!Longby phanvinhhai1
(BTC) bitcoin "rsi divergence"Bitcoin rsi divergence levels have reached a very low range based on a custom measurement and custom input source. Either way the price of bitcoin moved flat based on a previous low, leading into a bullish trend forming and the price travelling higher. by CryptocurrencyBlot0
BTC BreakdownWe could see a breakdown of CRYPTO:BTCUSD into the $64,000 range where it will find a strog support zone. From there, as long as we can respect the current trendline, we could see accumulation and start to gain some momentum, continuing the push to the upside. BTC will likely chase the Liquidity that sit's in the $72,000 range from the open short interests. imgur.com If BTC does chase the liquidity it could potentially set a new ATH while breaking out of the Cup & Handle formation, making it a very bullish situation. $75,000 and $55,000 are the zones to watch out for. by JKM_Trading0
Bitcoin: Push Back To 70Ks?Bitcoin support at the 66K area continues to hold and may be the higher low (wave (iv)) that may lead to a higher high over the coming weeks (see illustration). In order for a dramatic new high like 80K to be tested, price needs to prove itself by clearing 73K first. The key to navigating this is to WAIT for the market to provide evidence (confirmation), NOT get stuck on an opinion about the future. Even though the broader trend is bullish, UNTIL it breaks out, it is within reason to expect the consolidation to continue. Recognizing the support/resistance levels within broader consolidations can help to uncover numerous opportunities, especially on smaller time frames. For example, while I consider the 66K area a minor support on this time frame (see arrow), this location is a great spot to anticipate longs on day trade time frames like the 1 or 5 minute chart. When using such levels as a form of context to guide decisions, traders often do not understand how to shape expectations relative to the magnitude of the time frame. For instance, price movements on a 1 minute chart are typically smaller than a 5 minute or 1 hour chart. Knowing this should shape expectations in terms of reward/risk. This is one of the problems I aimed to solve when coming up with the idea for Trade Scanner Pro by automating the exit points using the average true range (ATR). The same can be said about the 70K whole number resistance area. This is an ideal location to WAIT for sell signals, whether to take profit or an aggressive counter trend trade short. Again the location provides a point of reference where we can anticipate a particular price behavior or opportunity. It is up to the MARKET to confirm and even then, there is a chance it can get stopped out (markets are mostly RANDOM). My analysis is meant to shed light on a select range of possibilities over the coming week for day and swing traders. I have to remind people of this because many come to these articles expecting to gain knowledge of the future. It will take some time to realize effective risk management has NOTHING to do with where price will be in the future. There is no way to forecast the future accurately, ESPECIALLY using the limited information that is available on charts. The idea is to help you prepare for potential opportunities that I believe have a greater probability of a positive outcome because of the price location relative to the trend. The MARKET decides what scenario will play out, not me or anyone else. To align with the market, we must have a passive mindset, good listening skills and the ability to admit being wrong QUICKLY, especially on smaller time frames. So here is how to prepare of the coming week: IF the low 66Ks are tested, look for longs, IF 66K breaks, avoid longs and reevaluate new levels. IF 70K is tested, look to take profits, or consider aggressive shorts (counter trend). IF 70K is cleared, watch for test of 73K. How you navigate your positions is a function of your risk tolerance and personal style. Most importantly, let the market do the THINKING, you simply adjust to the new information as it appears. Thank you for your considering my analysis and perspective. by MarcPMarkets99111