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1-BTCUSD

BTCUSD - Assessing the Current Structure...This is a preliminary assessment of the overall structure, building on the previous analysis, which I still consider the most likely scenario. While I acknowledge the potential for further upside, I cannot ignore the strength of the overall trend. From a logical standpoint, it seems we have at least a few more months of sideways movement in Bitcoin. The trend remains weak, which is unsurprising to me and explains my recent lack of updates. I only post when there is notable progress in the structure. I still have much work to do before I can form stronger views across the board, but I will do so in due time.
by AriasWave
BTC Bitcoin Technical Analysis and Trade Idea🔍 In this BTC Bitcoin analysis, we explore the higher time frame charts which currently indicate a bearish trend for Bitcoin. However, the price action on a 15m timeframe suggests a possible short term reversal. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
by fxtraderanthony
Elliot Wave 3-4 : FINAL Correction before NEW ATHI've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH: This lines up with my initial correction target using Elliot Wave Theory: We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction: HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely. _______________________________ CRYPTOCAP:TOTAL BINANCE:BTCUSDT
CRYPTOCAP:TOTALShort
by Crypto-Check-
$BTC Bitcoin has established a Range!$Bitcoin price action has established a range! Current price: 61300 Previously CRYPTOCAP:BTC continued to find rejection around the 71500 resistance and also established support around the 60600 area. It is fair to state that Bitcoin's established RANGE lies between 60600 - 71500 For alts to rise to better prices, bitcoin needs to remain in this range! Worst case scenario, Bitcoin loses the range and seeks lower supports down to 49,700 Which direction do you think #btc will go?
BYBIT:BTCUSD.P
by Ifiok-Trades
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward. I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels. Here’s a brief overview of what we cover: 📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points. 📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation. 📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels. Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions.
Short
by fxtraderanthony
7
BTC FRACTAL - 20% Correction PossibleLet's do a quick recap on Bitcoin. I rediscovered a fractal from a post I made a few months ago, which compared BTC price action to NVDA price action after making an ATH. Currently, there is another Bitcoin fractal based on the M-Pattern and we take a deep dive into how far this correction could go. I'm labelling this post as "short" simply for the lack of better options. I do believe the price will correct lower, but I wouldn't take a leveraged trade so close to the a new ATH. Link to the earlier comparison with Nvidia: ___________________________ COINBASE:BTCUSD BINANCE:BTCUSDT
COINBASE:BTCUSDShort
by Crypto-Check-
BTC - Continued Analysis - M-Pattern DANGERContinuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages. In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads to quite a significant drop. The good news, though, is that this is all part of a healthy correction - as long as we hold THIS key zone identified inthe video, we are still well within a bullish market. Previous update here, where we first spoke about the potential risk of the M-Pattern: _____________________________ BINANCE:BTCUSDT
by Crypto-Check-
BTC Bitcoin Technical Analysis and Trade Idea👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true reversal. The video covers an in-depth analysis of the trend, market structure, and price action. Please remember, this content is intended for educational purposes and trading involves substantial risk. Always prioritize robust risk management strategies in your trading decisions.
by fxtraderanthony
Elliott Wave Analysis on Bitcoin (BTCUSD)Elliott Wave Analysis on Bitcoin (BTCUSD) Wave (I) and Wave (II) on Weekly Time Frame Starting from the beginning of the Bitcoin chart, the first significant move up in price has been labeled as Supercycle wave (I). This wave represented the initial major bull run in Bitcoin's history, culminating in a peak, followed by a corrective phase, labeled as Supercycle wave (II). This corrective wave ended at the low observed in November 2022. - Supercycle Wave (I): This wave exhibited impulsive characteristics with five clear subdivisions (waves 1, 2, 3, 4, and 5). - Supercycle Wave (II): This was a corrective wave, taking the form of an ABC correction, and concluded in November 2022. Wave (III) on Weekly Time Frame Since the low of November 2022, Bitcoin has been unfolding Supercycle wave (III). This wave is expected to be a major bullish phase, often characterized by strong upward momentum and significant price increases. Wave (III) typically shows the following characteristics: - Strength and Momentum: Wave (III) is usually the longest and most powerful wave in a five-wave cycle. - High Volume: Accompanied by increased trading volume, indicating strong market interest. - Impulsive Nature: This wave should subdivide into five smaller waves on a lower time frame, confirming its impulsive nature. Subdivisions of Wave (III) on Daily Time Frame Within the context of Wave (III) on the weekly time frame, we are currently analyzing the subdivisions on the daily time frame. The current structure suggests the following: - Wave ((1)) of Wave (III): This wave is unfolding and subdividing into five smaller waves. - Wave (1), (2), and (3) of ((1)): These waves have been completed. - Wave (4) of ((1)): Recently completed around April 2024. - Wave (5) of ((1)): Expected to breach the all-time high to confirm the start. Current Status and Invalidation - Current Status: Bitcoin is potentially in Wave (5) of ((1)) of Wave (III), which needs to breach the all-time high for confirmation. - Invalidation Point: If the low of April 2024 (where Wave (4) finished) is breached, this would invalidate the current count. It would suggest that Wave (4) is still unfolding, possibly as a double correction. Characteristics and Structure of Wave (III) 1. Wave ((1)): Typically the smallest wave but should be identifiable as a five-wave move. 2. Wave ((2)): A corrective wave, usually retracing between 50% to 61.8% of Wave ((1)). 3. Wave ((3)): Often the largest and most powerful wave, usually extends to 161.8% of Wave ((1)). 4. Wave ((4)): Another corrective wave, typically shallow, often retracing 23.6% to 38.2% of Wave ((3)). 5. Wave ((5)): Completes the impulse sequence, may extend or truncate but should be a five-wave move. Conclusion The Elliott Wave analysis on Bitcoin (BTCUSD) indicates a bullish market ahead, driven by the development of Supercycle wave (III). This analysis is based on the assumption that the low of April 2024 will hold, confirming the end of Wave (4) of ((1)) and the start of Wave (5) of ((1)). If this low is breached, the market might still be in Wave (4), unfolding as a double correction. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
BTC - Top-down Analysis (ICT)Hello traders, This is my observation and analysis for Bitcoin using ICT's Concepts. So, recently we had price break it's all-time highs in March 2024. Since then, we have been chopping around in a consolidation. We may make new highs, or we may retrace deeper into a discount. I'm not here to guess, I will just show you what I see. On the monthly timeframe, we can into a BISI and had a reaction, but we did not create a new high. On the weekly we have the most clear price action. No gaps, but multiple bullish and bearish Breakers forming, which has price bouncing from a premium to discount in a consolidative manner. Currently in terms of taking a trade, I anticipate us moving up again next week into the bearish Breaker above us, then moving lower into the bullish Breaker below. After that, I would be awaiting more confirmation on the Daily chart, such as gaps being disrespected and gaps being created. We are currently still high in a premium overall, but we could create a "Bull Flag" type of pattern. It is not something I trade, but what I mean it is completely possible we just consolidate in this tight range before displacing more to the upside. OR, we could go lower back into Equilibrium. Either way, trade safe out there. - R2F
by Road_2_Funded
Bitcoin PATTERN - BTC Roadmap to NEW ATHBINANCE:BTCUSDT 👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH 👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH 👉 Technical Indicator Analysis : Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH Technical Indicator Monthly Timeframe: Technical Indicator Weekly Timeframe: There is really only one concerning matter, and that is from a potential near term scenario: ❗ Pattern Analysis: Potential for M-Pattern to form, medium risk: BEARISH The candle closes of the next two weeks are crucial in determining how this pattern will play out. For further reading, here's the initial Elliot Wave analysis on BTC: ___________________________
Long
by Crypto-Check-
1
$BTC Bitcoin...Transition 4m falling channel to head & ShouldersFrom my previous CRYPTOCAP:BTC bitcoin analysis, Bitcoin successfully retested the rising channel for higher prices. Current Price: $69800 On closer observation, Bitcoin has further transitioned from a Falling Channel to now an inverse head and shoulder pattern with neckline resistance around $71,500 If Bitcoin is going to move to higher prices then price action need to break key resistance btw 71500-73000 to make All time highs up to 84k. This will cause altcoins to rally for higher prices. Else if #Btc continues to reject $71500, then expect retest of previous support: 67k. Consequently altcoins will further lose value.
BYBIT:BTCUSD.P
by Ifiok-Trades
BTC Bitcoin Technical Analysis and Trade Idea - Where To Next?In thist video, we present a concise analysis of BTC Bitcoin. After recent bullish momentum, the asset has become overextended trading into resistance, and we are now seeing a significant retrace into support. Our primary objective is to pinpoint an appropriate buy entry point within this critical support zone, assuming that price action aligns with our analysis from the video. As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s important to note that this content serves an educational purpose and should not be interpreted as financial advice. 📈🚀📊
Long
by fxtraderanthony
5
An increased inflow of funds into Bitcoin ETFBitcoin moved higher lately, breaking some key resistance barriers. This might have been initiated by the inflow of new funds into the Bitcoin ETF. #BTCUSD EASYMARKETS:BTCUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BTCUSD
by easyMarkets