$btc bitcoin price action fake out? or Retest for higher prices?CRYPTOCAP:BTC Bitcoin's price action is currently in channel
Current Price: $67500
As price action has broken out of the channel, there are two possibilities:
A fake out has occurred and bitcoin will further break down to lower supports 64k, 60k
OR #bitcoin is retesting channel support to attempt higher prices up to $79k (price discovery)
1-BTCUSD
BTC Bitcoin Technical Analysis and Trade IdeaBTC Bitcoin exhibits a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this trend. Assuming price action unfolds as outlined in the video analysis, favorable trading conditions are expected. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Always practice prudent risk management when trading, and remember that this information serves purely educational purposes and is not financial advice. 🚀📊
BTC Bitcoin Technical Analysis and Trade IdeaBTC has exhibited a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this ongoing trend. Assuming price action unfolds as outlined in the video analysis, we expect favorable trading conditions. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Remember to practice prudent risk management when trading, and keep in mind that this information serves purely educational purposes and is not financial advice. 🚀📊👍
Bitcoin Dominance Surges:Is Now the Time to Buy or Sell ETH &BTCBitcoin dominance is an important chart indicator that reflects the flow of liquidity and market capitalization of bitcoin in comparison to the rest of the cryptocurrency market.
Bitcoin dominance historically moves in cycles, with the flow of risky cryptocurrencies(altcoins) to less risky ones such as Bitcoin. This provides a signal of when to buy or sell your Bitcoin and altcoins.
A lot of people have been speculating that it's altcoin season. However, I believe we need one more leg up in Bitcoin dominance as the ETH/BTC pair breaks down and liquidity flows from altcoins to Bitcoin.
Bitcoin dominance
ETH/BTC broke support
To sum up, I believe that we could see the price of Bitcoin rallying within the upper and lower bounds of the accumulation, while Ethereum and altcoins decline. This could lead to a significant rise in Bitcoin dominance before monetary policy comes into play for the next cycle of deciding which altcoin to buy. Expect volatility in the coming months as altcoins decline against Bitcoin.
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Bitcoin - The halving breakout!Hello Traders and Investors, today I will take a look at Bitcoin.
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Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves.
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Keep your long term vision,
Philip (BasicTrading)
Bitcoin Holds Support After US CPI PrintThe US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US yields, suggesting further declines. This backdrop implies that other assets could rally. For instance, Bitcoin has seen a significant bounce, finding support at crucial trend lines, and can be poised for higher levels if HS neckline near 66k is broken . Similarly, Nvidia and silver also show potential for gains in the coming weeks.
However, building intraday trades at this juncture can be challenging due to potential setbacks before the market continues in the direction of dollar weakness.
If you found this analysis helpful, please leave a comment below, like this video, and consider sharing for more updates in the future.
Grega
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is currently in a downtrend, which we can observe on the daily time frame. It has been forming a pattern of lower lows and lower highs. However, there’s an interesting development when we zoom in to the 30-minute time frame.
On the daily chart, BTC retraced and moved away from an optimal entry point. But on the 30-minute chart, using the same strategy, we see a potential sell opportunity if price action aligns with what’s described in the video. In the video, we cover essential aspects of technical analysis, including trend analysis, price action, and market structure.
Remember that trading involves risks, so always manage your risk carefully. This information is for educational purposes only and should not be considered financial advice. 📈👍
Bitcoin - The bullrun is not over (yet)!Hello Traders and Investors, today I will take a look at Bitcoin .
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Explanation of my video analysis:
For more than five years Bitcoin has been trading in a solid rising channel formation. We saw the last retest of support in 2022 which was followed by a bullish reversal on the smaller timeframes and an incredible rally of 300% towards the upside. Considering that Bitcoin is now retesting previous resistance, it is quite likely that we will see a short term rejection first.
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Keep your long term vision,
Philip (BasicTrading)
Bitcoin (BTCUSD) traders are still undecided Bitcoin EASYMARKETS:BTCUSD
Disclaimer:
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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.
BTC Bitcoin Technical Analysis and Trade IdeaRecently, BTC has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback into a resistance zone. The video discusses the prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your consideration.
Please remember, the content provided is solely for educational purposes and should not be taken as investment advice. Trading involves significant risk, highlighting the importance of consistently applying strong risk management strategies.
BTC Analysis Bitcoin (BTC) analysis as of May 12, 2024,
**Technical Analysis**:
- BTC trading in $50,000 - $55,000 range for weeks.
- Short-term moving averages offer immediate support (e.g., 50-day, 100-day).
- Longer-term moving averages (e.g., 200-day) indicate stronger support/resistance.
- Key technical indicators (RSI, MACD, Stochastic oscillators) signal momentum and potential reversals.
**Fundamental Analysis**:
- Strong fundamentals with rising adoption by institutions, corporations, and retail investors.
- Growing network activity (hash rate, active addresses) shows robust usage and interest.
- Regulatory developments globally could impact sentiment and short-term price movements positively.
**Market Sentiment**:
- Positive sentiment towards BTC as a hedge against inflation and uncertainty.
- Attention on CBDC developments and their relation to Bitcoin.
- Geopolitical tensions and economic indicators may affect short-term volatility.
**Conclusion**:
- Short-term movements driven by technical factors and sentiment.
- Long-term value driven by adoption as a store of value and digital gold.
- Investors advised to conduct thorough research and assess risk tolerance.
Bitcoin - $200.000 price target!Hello Traders and Investors, today I will take a look at Bitcoin.
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Explanation of my video analysis:
More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish.
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Keep your long term vision,
Philip (BasicTrading)
Friday market update☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BTC Halving Protectory- Short-term sell opportunityIn this video, I shared my view on BTC after the halving event. I anticipate a bearish move towards last weeks low. Price below this low would provide an opportunity for long term buyers to add new positions to their portfolio. The potential move towards this low will provide an opportunity for short term traders to capitalise from the downwards move.
Let me know your thoughts and would love to share more of mine in the future so feel free to follow my page.
Why will Bitcoin drop towards 52000 levelStructure has broken the wedge and now trending downward within the channel. So we see a decrease in transactional volume.
It seems that a historical pattern is repeating itself from a previous cycle, mostly due to monetary policy involving an interest rate cut.
if a similar scenario plays out, we might witness Bitcoin dropping to a low of 52000
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End of the week outlook - holiday time☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Bitcoin Price at CRITICAL Point!As a follow-up to my Idea from May 1st where I pointed out the key Volume Profile Support of 56.9k that has held and now we go into the weekend at the Volume Profile Resistance of 62k.
Which of these breaks... Support or Resistance... will be the way Bitcoin goes! Does the bull trend fail or continue? Ichimoku will be the decider.
PreLondon Friday analysis☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
End of the week - Market analysis☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
04/27/2024 - Watchlist, Stocks, Crypto - Video Idea - TA ChartsWatchlist, Stocks Indexes, Bitcoin, Crypto TA Charts by @NoFomoCharts
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