Bitcoin follow the trned until it breaksBitcoin follows the trned until it breaks
trend is bullish
next key resistance zone GETTEX:64K - FWB:65K
Or wait for a structure change
until that follow-up trend
1-BTC
BTC: NEXT POSSIBLE MOVE!!Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around $60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is $80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
Flag pattern in $BTC will take price to 110kClassic flag pattern here in confluence with Fibonacci Levels
As another confirmation of trend, we have a beautiful Cup&Handle happening too
BTC long settup forming "W" PatternBTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from the low to Swing High.
61,250 entry 1
59,650 entry 2
65,100 Long Target
2.2 Risk/Reward
Not financial advice.
Do your own DD, come to your own conclusions.
Thanks for looking at the idea.
Bullish bounce?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 61,195.24
1st Support: 59,371.23
1st Resistance: 64,371.87
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2024-09-19 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well.
tl;dr
Bitcoin - I said if bulls get above 61500, they are favored for 64000+. High of the day was 63848. Next target for them is 65000 and if bears fail there, we will see 67000/68000 again. Right now it’s still a triangle on the daily chart and bulls had 3 pushes up. Slightly favoring the bears if they come around tomorrow and if it stays below 65000.
comment: 3 pushes up on the daily chart and near previous resistance between 64000 and 65000. For weeks now, every strong daily bar is followed by disappointment. If the market has done this so many times, I do not expect this to change and rather see bears coming around over the next 2-4 days again.
current market cycle: trading range (again a triangle on the daily chart)
key levels: 57000 - 65000
bull case: Bulls want the breakout above 65000 and trade back to 68000 and touch the bear trend line from the ath. Can they get it? I doubt it. We made 21% over the past 2 weeks but given that we made -30% in 7 days in July, this rally was weak. You can also draw the bull channel for the current rally but the arguments would be the same. We are at the top of the channel and prior resistance. I don’t expect market to find many buyers above 64000.
Invalidation is below 61500.
bear case: Until bulls can print 65000, odds favor the bears for a reversal. We are at prior resistance, the top of the bull channel, bulls had 3 legs up and the daily and weekly 20ema are as flat as can be. What are the odds of a big bullish breakout? Very low. Can happen but betting on it is a losing strategy. Best here is to wait. If bulls get it, join em. If bears come around, don’t sell the first pullback. Wait for a retest (probably on the 1h tf)
Invalidation is above 65000.
short term: Neutral. Bullish above 65000 and bearish below 61500 or on good momentum after a second signal.
medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. —
current swing trade: Swing shorts got burned bad. None currently but looking for shorts again.
trade of the day: Very bullish day. Buying the 15m 20ema was profitable many times.
(BTC) bitcoin "BB Trend - long range view"Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what does it mean is a good question to try to answer. There are too many indicators and all of them cannot be laid on top of one another to see one giant indicator mess while trying to discover the hidden gem of the chart.
$btc next top +80 000 dollars?looking at this chart we are trading in a channel or a bullflag like most of you call it.
Targeting here new ath near 90 000 US dollars
(BTC) bitcoin "miners make less money -- work harder"Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving should mean miners make less money and therefore have to work harder to make the same amount of money they were making the four years previously. Miners have to adapt and adjust to the new progress sheets earning less money for the same amount of work as before.
The graph chart indicator appears to show the blue line rising over all over moving average lines. This is a good sign that needs to happen to allocate all moving average lines into an order to represent the pattern where Bitcoin's price increases strongly from retail traders interests. The blue line rose above the other MA lines in July but did not commit and failed to see a complete flip of all MA lines. The line formation is tighter now so it is possible the strength is better this time around despite the price slowly falling month to month since the halving.
My Bollinger Band trend graph indicator shows BTC still in the red based on slower incremental movements.
Risky 4% BTC scalping opportunity coming up The FWB:65K area has been a rejection point twice already for BTC, so an opportunity for a scalp back down to the breakout area is possible. However I would trade with caution as we're into the window for the beginning of the bull run so wouldn't be surprised if price just runs.
If this marks the beginning of the bull run I'd recommend all shorting option be taken off the table until Oct next year!
Happy scalping
Bb
BTC 1 year outlook. 175k-200k targetWhy would bitcoin 3x plus within a year?
Here is why:
1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment
2. 6 month bull flag. Price is consolidating at all time high before the next big leg up
3. Bitcoin moves in 4 year cycles (until it doesn't) but for now, the peak of the current 4 year cycle should be towards the end of 2025. That is a another year of bullish momentum if history repeats itself thanks to Bitcoin halving cycle
4. We are at the same price as the last peak, yet there are many more large players ready/able to come into the space, including pension funds, ETFs, and governments
5. US government will keep on printing money until the end of time. Currently, both presidential candidates are ignoring the US deficit, and neither are trying to reduce spending to reduce the deficit. The more the US prints money, the more inflation, the more likely investors look for risky assets to store their wealth
6. Who will be selling? Either you believe in BTC or you don't, but people that do believe in BTC are not selling any time soon, while more and more people are starting to buy into the idea
Expected Rising Point: Around 65920.71
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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I'm publishing this in advance because I have a schedule.
The content below is the explanation part necessary for understanding the chart.
Therefore, you don't necessarily have to read it, but if you want to use my chart and indicator, you can refer to the explanation that I often give like this.
-
Let's summarize the current chart content.
- Current important support area: 61099.25
- When rising
1st: 63118.62-64000.0
2nd: 65920.71-67614.25
The 1st and 2nd areas above correspond to the support and resistance areas.
Among these, the next important point after 61099.25 is 65920.71-67614.25.
- If it falls below 61099.25
1st: 57889.10-59053.55
2nd: 56150.01-56950.56
The 1st and 2nd areas above are support and resistance zones.
- If it moves according to the previous flow, it is expected that the trend will be determined again after rising to around 65920.71.
However, since the StochRSI indicator shows signs of entering the overbought zone, we need to check at what point it is supported when it falls from the overbought zone.
Therefore, we need to look at how the StochRSI indicator is initialized.
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No one actually knows what the future trend will be.
However, we can only guess based on the current movement and respond accordingly.
Therefore, it is necessary to objectively observe what kind of movement the chart is showing.
However, since the candlestick charts that we commonly see have volatility exposed as it is, it is likely that it will be difficult to analyze and interpret the chart.
Therefore, it is necessary to exclude elements such as fakes and sweeps from the movement of candles.
For that, I think the Renko chart is a good chart to use.
(Renko 1D chart)
I think you can know where the support and resistance points are and what the current trend is without me explaining it separately.
Let me explain a little more.
- If it falls below 56,000, a new downtrend is likely to form.
- Since it is currently moving sideways in the 56,000-70,000 range, it is likely that an uptrend will begin only if it rises above 70,000.
I have roughly explained the important areas in the current price position.
-
You need to create a trading strategy based on whether there is support at the support and resistance points, but it is not easy to check whether there is support.
Therefore, to supplement this, we utilize the BW indicator and StochRSI indicator.
The BW indicator included in the TS-BW UP indicator is an indicator that comprehensively evaluates and displays the StochRSI, MACD, CCI, PVT, and superTrend indicators.
Therefore, when it is at the lowest point (0), it is judged that a low point section is being formed and we look for a place to buy.
To confirm this more quickly, we made the BW line drawn near the price candle.
On the other hand, when it is at the highest point (100), we judge that a high point section is being formed and we look for a place to sell.
Similar to the principle of the BW indicator, we utilize the StochRSI indicator.
In other words, when the StochRSI indicator rises in the oversold section, we look for a place to buy, and when it falls in the overbought section, we look for a place to sell.
I have talked a lot about how to utilize the StochRSI indicator before, so I would appreciate it if you could refer to the previous idea.
---------------------------------------------
(BTCUSDT 1D chart)
Actually, I don't need to draw a separate trend line on my chart.
However, many people look at the trend line and check the trend with the pattern according to it, so I just drew it.
When it is judged necessary to select a volatility period, a trend line is drawn.
Since BTC or ETH charts occupy a large portion of the coin market, we draw a trend line to select a volatility period and inform you.
-
The trend is confirmed with the MS-Signal indicator.
The MS-Signal indicator consists of the M-Signal line and the S-Signal line.
Therefore, the current trend is determined based on the arrangement of the M-Signal lines on the 1M, 1W, and 1D charts.
If M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart, it is considered to be in a full-blown uptrend.
If M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart, it is considered to be in a full-blown downtrend.
Since M-Signal on the 1W chart > M-Signal on the 1D chart > M-Signal on the 1M chart, it can be interpreted that it is maintaining an uptrend in the long term, but is showing a downtrend in the short and medium term.
Therefore, whether this uptrend can be maintained by switching to M-Signal on the 1D chart > M-Signal on the 1W chart is an important issue from a trend perspective.
-
If you have confirmed the trend, you should check what happens during the trading period and create a trading strategy accordingly.
Therefore, first, you need to find a trading period.
To do this, we utilize the HA-Low and HA-High indicators in the HA-MS indicator.
The HA-Low indicator is generated when it breaks out of the low range.
Therefore, if it falls below the HA-Low indicator, it is likely to show a stepwise downtrend, and if it receives support, it is a section where you can buy.
The HA-High indicator is generated when it breaks out of the high range.
Therefore, if it rises above the HA-High indicator, it is likely to show a stepwise uptrend, and if it receives resistance, it is a section where you can sell.
Therefore, the narrower the gap between the HA-Low and HA-High indicators, the higher the possibility of large volatility.
In other words, you can check convergence and divergence.
-
If you have confirmed the trading period with the HA-Low and HA-High indicators, you need support and resistance points to create an actual trading strategy.
To do this, I used several auxiliary indicators to draw horizontal lines.
You can distinguish the strength of the support and resistance roles based on the length of these horizontal lines.
However, you need to draw support and resistance lines on the 1M, 1W, and 1D charts.
For now, I will only talk about the support and resistance lines on the 1D chart for explanation.
The points that are currently performing the strongest support and resistance roles on the chart are 69499.85, 68393.48, and 58697.01.
The next important points are 64179.08, 57889.10, and 56022.01.
You can create a trading strategy by selecting the support and resistance low points like this.
This is a chart that only shows the support and resistance points drawn on the 1M, 1W, and 1D charts.
There may be differences between the points explained above and the support and resistance points on the actual charts used.
The reason is that they were selected based on the importance of the support and resistance points.
The importance of the support and resistance points is in the order of 1M > 1W > 1D charts.
Therefore, if there are support and resistance lines on the 1W, 1D charts near the support and resistance lines drawn on the 1M chart, they are replaced with the support and resistance lines drawn on the 1M chart.
The BW line is drawn at the point where the arrow is pointing.
This BW line is a line drawn at the highest point (100), so it corresponds to the high point section.
However, since the StochRSI indicator has not yet clearly re-entered the overbought zone, it can be interpreted that additional increases are taking place.
Therefore, when the StochRSI indicator rises to the overbought zone and then tries to fall below the overbought zone, you should check whether it is supported near the BW line.
-
If it rises above 61099.25,
1st: 63118.62-64000.0
2nd: 65920.71-67614.25
The 1st and 2nd areas above correspond to the support and resistance zones.
If you look at the increase after breaking through the Sell line above, it seems to have risen by about 8-9%.
Therefore, if it shows an increase this time as well, it is expected to touch around 65920.71.
The 65920.71 point is an important point as the HA-High indicator point on the 1W chart.
The 67614.25 point is an HA-High indicator point on the 1D chart.
Therefore, we can see that in order for the stepwise uptrend to begin, it must rise above 67614.25.
Before that, the 61099.25 point is an HA-High indicator point on the 1M chart, which is a section that must be supported in order for the stepwise uptrend to begin from a long-term perspective.
-
Have a nice time.
Thank you.
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BTC Breaks Key Resistance at $60K, Buyer Demand SurgesKey Developments:
BTC has broken through the major resistance zone at $60K.
Strong buyer demand is expected to continue, especially after the rate cuts decision.
Altcoin Strength:
While Bitcoin Dominance (BTC.D) is rolling over, altcoins are showing renewed strength, suggesting a broader market rally.
Market Outlook:
The breakout signals potential continued upside for BTC.
Watch for further altcoin performance as BTC.D trends downward.
#BitcoinBreakout #BTC #Crypto #Altcoins #BitcoinDominance #MarketAnalysis #RateCuts
FTM Long Spot Position (Retest of Key Level)Market Context: FTM is attempting to retest the critical $0.61 level, displaying strong relative strength in the market. This is an opportunity to bid on that strength.
Trade Setup:
Entry: Long spot position at $0.61.
Take Profit:
First target: $0.68
Second target: $0.75
Stop Loss: $0.57
📊 This setup focuses on capitalizing on FTM's strength with well-defined risk management. #FTM #Crypto #Altcoins
If Bitcoin Breaks This Trendline, We Could See a Pump...We’re seeing a major downtrend line forming since July 29th.
A breakout from this trendline could trigger a solid price pump.
There are also reversion zones overhead that might get filled during the breakout.
Reversion zones:
1st zone: 59.328
2nd zone: 61.624
👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
Bitcoin - Time to buy again!BINANCE:BTCUSDT
Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone.
Analysis Summary:
Current Situation:
Bitcoin is struggling to break the important $61,000 level. This level is crucial for further upward movement.
Potential Scenarios:
If Bitcoin successfully surpasses the $61,000 level, it could indicate a bullish trend continuation.
Failure to break this level might lead to a consolidation phase or a potential bearish reversal, especially if it falls below the support level at $51K.
Conclusion:
The chart combines multiple technical analysis tools to provide a comprehensive view of Bitcoin’s potential price movements. Traders will be watching the $61,000 level closely, as breaking it could signal a strong bullish trend, while failing to do so might lead to a bearish scenario.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin can continue to decline inside range to 54800 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after which it turned around and started to grow. In a short time price rose to a resistance level, which coincided with the seller zone, breaking the 53300 level one more time. BTC some time traded near the resistance level and then fell to the support line of the triangle and then quickly rose to the resistance line of this pattern, breaking the resistance level. But then the price made impulse down, thereby exiting from the triangle pattern and breaking the 61200 level too. Also, BTC started to trades inside the range, where it declined to support level, which coincided with the buyer zone and at once rebounded up. A not long time ago price reached a resistance level and soon rolled down, and now it declining. So, for this case, I think that the price can rise to the resistance level and then continue to fall to almost the support level. That's why I set my TP at 54800 points. Please share this idea with your friends and click Boost 🚀
60.50K for long entryMorning folks,
So, 57.40 K-support worked well, together with our H&S pattern in a whole. Fed decision should have moderately positive effect on BTC. Technically, bullish context also holds. Now 57.40 area is becoming our invalidation point. Next upside target stands around 65-65.5K top, based on our H&S pattern.
For next long position, 60-60.5K support looks interesting...
BTC Update (4H)This analysis is an update of the analysis you see in the "Related Ideas" section
It looks like the symmetrical is over and we are in a new pattern or wave X
We specified the main supply on the chart. We are looking for sell/short positions in this range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC ANALYSIS (8H)From where we put the red arrow on the chart, it looks like a symmetrical (corrective) pattern is formed on the chart.
According to the waves, it seems that we are in the last wave of this symmetry (wave i).
We expect an upward price rejection from the green range.
Most likely, this bullish movement will be an x wave, which means that it will not be a powerful movement.
We also expect downward price rejection from the supply box.
The complexity of the chart is high, observe capital management in your trades.
Closing a daily candle below the invalidation level will violate this view and analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
Short idea on $BTC In the local setup, I see a good opportunity for execution, with a risk/reward ratio of 1 to 5, which is very favorable. However, the risks here are quite high, so I will enter with a small portion. Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.
9/18 Weak pump on Jerome's underpromise and overdelivery.Overview:
Thank you, mighty Lord Jerome, for the pump! The Fed under-promised but over-delivered with a full 2 basis point rate cut. Looking at the 15-minute BINANCE:BTCUSD chart, when the decision was announced, the price spiked by just 1.7% before correcting. However, at 7 a.m. Shanghai time, four hours later, the price started to pump and has now broken the key weekly level of $61.4k. The question is, will the bulls defend this line and establish it as new support by bouncing from it?
The first news of a possible September rate cut came out in late June. On June 21st, the Financial Times reported, "Fed on course for two cuts in 2024 starting in September" ( link ). At that time, Bitcoin was still correcting from its $72k peak. Fast forward two weeks, and on July 16th, CNBC reported that traders were pricing in a 100% chance of a September cut ( link ). Interestingly, BTC had reached its bottom four days before this news and then started its second-largest bull run wave.
Yesterday, the CME FedWatch Tool spiked to indicate a 65% chance of a 0.50% rate cut, compared to just 10% in early August. From now on, we’ll be giving more weight to this indicator. Last Friday, on 9/13, we predicted, "With this week’s meteoric growth, Monday and Tuesday are expected to trade flat or slightly negative due to profit-taking before the volatility." Between Friday evening and Monday evening, BTC corrected by 4.9%.
Technical Analysis:
W: We’ve passed the important weekly level of $61.4k and need to either bounce from it or close the week above this level. The BB MA sits at $62.5k, so the trend remains bearish until that level is reached. This overlaps with the liquidation heatmap, which shows $22 million in liquidity built up. Indicators suggest we will reach that level.
D: Since yesterday, we’ve confirmed a bullish trend after rebounding from $58.2k. RSI hasn’t hit the overbought level yet, and the MACD has been climbing since the sell-off on September 7th. Unfortunately, the volume hasn’t increased, even with this bullish macro event. Both the spot and futures markets are showing a lack of enthusiasm, with Open Interest falling since Friday’s high.
4h: As we mentioned yesterday, Jerome doesn’t care about bearish divergences. The current pump is defying technical analysis, which reminds us to avoid trading around major events like Fed meetings or earnings reports.
1h: RSI is hitting the overbought region for the second time in 36 hours—not a good sign.
Altcoins vs. BTC:
Weak reactions from ETH and SOL, but NEAR, SUI, and FTM are rocketing higher.
Bull Case:
Retail traders might see BTC printing lower highs and lower lows, indicating a bearish trend. Influencers are already preparing content about the next level being $44k and advising on how to stay solvent in a bear market. Remember the saying: “Be greedy when others are fearful.”
Bear Case:
The economy may not be doing as well as whales think. If it becomes clear that the rate cuts aren’t working, whales could start dumping, driving the price toward $44k.
Fear and Greed Index:
We’re at 40.44, officially out of Fear territory.
Prediction:
Expect the pump to continue for the rest of the week.
