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Bitcoin's Resilience Amidst Bear Market: A Technical Outlook 📊"DISCLAIMER!! This is a 'worst-case' scenario/theory which is still bullish. Bitcoin also has a "monthly bearish-divergence on monthly, which would be the first time this has printed on the Bitcoin: INDEX chart. Also there are other variables such as black-swans/wars, CME-GAP, Declining volume on this whole 'rally' up. Also the first time Bitcoin has made a new all-time-high before a halving.(Blackrock-manipulation(prolonging bear-market-rally) "" "My current theoretical analysis suggests Bitcoin is testing a breakout from the cyclical triangle pattern observed in the last market cycle. If confirmed, this could signal the end of the bear market. There are speculations that BlackRock may have engaged in strategic market activities, potentially inflating Bitcoin's value to create a bullish sentiment during a bear market rally. This orchestrated optimism is believed to have sustained the price levels." Revisiting Triangular Patterns: A Classic Continuation? 🔺✨ Bitcoin's recent price actions suggest a retest of the structural integrity within a macro triangular pattern. Despite the bearish sentiments, the chart displays a potential 'higher low,' indicating an underlying strength. This scenario, if supported by volume and market participation, could signal the tapering off of the bear market. Black Swan Events and Market Dynamics 🦢🔄 The term 'Black swans' references unforeseen events with substantial market impact. The chart alludes to such events as pivotal in Bitcoin's trajectory, though it's critical to recognize that market manipulation allegations like those suggested against Black Rock require substantial evidence and are beyond technical analysis purview. Bullish Sentiments and Market Manipulation Claims 📈⚖️ While the narrative of market manipulation can influence short-term price movements, long-term trends in Bitcoin have shown resilience to such factors. The claim that bullish sentiments have artificially sustained prices is challenging to substantiate without concrete data. Higher-Low: The Bullish Bastion ⬆️🛡️ The chart points to a 'higher-low' formation, a classic bullish signal. This pattern reflects buyers stepping in at higher price levels than previous lows, suggesting an upward momentum. Bear Market Exit: A Technically Supported Theory? 🐻🔚 The conclusion that Bitcoin is testing the last cycle's triangle apex could be indicative of a bear market conclusion. However, this would need validation through other indicators like moving averages, RSI, and MACD, beyond the scope of the current visual data. Takeaway: Analyzing the Apex 🎯📝 Bitcoin's endurance of a macro 'higher-low' amidst a bearish cycle suggests optimism. However, reliance on a single pattern or market rumors for prediction is precarious. A holistic technical analysis, incorporating diverse indicators and market sentiment, provides a more robust framework for future price movement speculation. Conclusion: Informed Caution Is Key 🔍🔑 While the theory presents an optimistic case for Bitcoin, prudent investors should seek confirmation through a broad technical lens, mindful of market volatility and the speculative nature of cryptocurrencies. 📈 Please note: This analysis does not constitute financial advice and is for informational purposes only. Always conduct thorough research or consult a financial advisor before making investment decisions.
INDEX:BTCUSD
by Shibunacci
Bitcoin (Bring the world Indide )Ladies and gentlemen, let's talk about the heartbeat of the digital era - Bitcoin. Bitcoin isn't just a currency; it's a symbol of empowerment, decentralization, and financial freedom. Now, some may see recent drops in its value as a cause for concern, but I see it as an opportunity—a chance to strengthen and fortify the foundation of this revolutionary technology. Bitcoin's importance lies not just in its value, but in its accessibility. As it drops to the 9K gap, it becomes more affordable for everyday people to participate in the future of finance. It's about democratizing wealth and opening doors to those who have been excluded from traditional financial systems. But remember, this isn't just about the present; it's about the future. The future of crypto is bright, and Bitcoin is at the forefront. As we navigate through these fluctuations, we're not just witnessing history; we're shaping it. The resilience of Bitcoin in the face of adversity is what sets it apart. It's not just surviving; it's thriving. Now, let's talk about the tactics of the big players. Yes, they may try to manipulate the market for their own gain, but they underestimate the power of the community—the millions of individuals who believe in the potential of Bitcoin. They may try to sow doubt and fear, but we stand strong in our conviction. So, my friends, let's embrace this moment. Let's learn from it, adapt to it, and emerge stronger than ever. Bitcoin's journey is far from over, and together, we will shape the future of finance. As we navigate through the ups and downs, let's remember one thing: the power of Bitcoin lies not in its price, but in the revolution it represents. Stay strong, stay resilient, and together, we'll build a future that's truly decentralized.
COINBASE:BTCUSDShort
by TrojanBible
3
Trend-Is-Your-Friend Bitcoin Daily Blue-Print (99.9% Accurate) Blueprint of Bitcoin on Daily. Markets are going to have their liquidity drained from the markets. I will assume Bitcoin will follow the stock market. For now the trend is down. Bitcoin got rejection off of the 50 Daily MA a few days ago, and a 13-Count sell signal as well with a 9-Count on the 4Hour that same day. (5/31-6/01) Bitcoin got broken down from a rising wedge, with negative divergences (declining VOL on rising wedge pattern) Bitcoin then formed a Head&Shoulders pattern, which we have broken down below the neckline, then making LowerHighs & LowerLows on daily. I assume we will have a sell off for the next 4 months at least. Goodluck, happytrading & #NFA
INDEX:BTCUSDShort
by UnknownUnicorn3237473
Bitcoin Space Launch - a basic EMA pictorial (Bull Run to 9k)Use snapshot link below if the text and objects are overlapping. Sorry, I'm still learning how to publish content. Tips and suggestions welcome! What is this? Quickly learn some basics on EMAs (Exponential Moving Averages). Right.. the E does NOT stand for "Emotional"... However, if your are trading too often without making gains, then you may need to learn about those too! Also, don't get upset with me if BTC crashes tomorrow... Which reminds me to inform you that... I am not a professional, but I do invest responsibly and believe that you should too! Please do you own research! (DYOR) If you dig this pictorial or the full history chart of BTCUSD, then please give a Like! Also, I believe you can "make it yours" for future reference by click on the share button and selecting "Make it yours". Thanks and enjoy your trades!
BITSTAMP:BTCUSDEducation
by i269
Bitcoin possible rising wedge pattern.Hi people, as seen in my last chart i had a target from 9150-9500, i want to say that the current targets on this will be 9070-9500 . Bitcoin had a great move upwards and now we are facing the 200 daily EMA which is at 9070. As seen on the chart i believe bitcoin is in a rising wedge and it is a bearish pattern. the 4hr stochastic is currently holding the bullish control zone which makes me believe it can still move up to around 9070 and from there i will place trades as follow: 1. I will close my long position around 9k-9.1k 2. i will flip short when there is a selloff ( this will be when sellers step in around these levels) 3. i will hold this short with a tight stop loss and a low leverage ( probably 5x up to 10x) until it reaches around 8.2k 7,8k , as targets are not very clear for me on this. Also id like to say that i am not a bear and i want bitcoin to head into 10k but this is coming from a analyzing perspective. I hope this helps those who read this to see clear in this big storm of price action. I Wish You all Good Luck Trading!!!! <3
BITSTAMP:BTCUSD
by IMakeProfit
BTC Update! Bulls and Bears continue to battle - weekly outlookNot much to update from a few days ago. We continue to battle within the $11,100 and $9000 range. This is essentially a weekly bar we are within and with this weeks candlestick about to close in a few hours, thought I'd update a weekly chart. Bears may seek to push price down and get a bearish weekly inside bar close and hope for continuation with the new weekly candlestick that will start tonight. Bulls will desperately seek to defend this low $9k area but they have their work cut out to get back up towards those $11k's. Besides a personal long position, I am currently all cash and patiently waiting for bears to dump price for a potential oversold bounce play or bulls to shift trends with some higher lows and higher highs. Hourly chart for bulls was trying desperately to make a climb but not much follow through. This has me thinking bearish with potential for bear flag on 4-6 hour time frames and a flush below $9k coming soon. Certainly does not have to occur but as a trader, I am leaning bearish which has my trading capital locked up in cash until some clearer opportunities present themselves. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
4
Btc no Trade ZoneHey guys , while Btc is trying to get back into the larger trend, so far Btc is facing resistance at 200 ma which is a physiological price level as well '10k' ,for a bullish scenario we need to break high with great force above 200 ma , test the trend line for support and reach 11330 target ,but we are loosing positive momentum on the daily ,and the daily Rsi looks like its over bought, if we get rejected at these levels and fail to hold 9070 level, we can possibly retest the Re accumulation zone.and failure to hold that area, means that we will loose the move that brought us to the high, and that is very bearish signal,.
BITMEX:BTCUSD.P
by jamen.mylion
1
BTC - The Maze, which way out?OK people, I've decided to lay down many possible scenarios. Let me summarize, don't have much time! BLUE WAVE: Assumes we completed a running flat correction to 6.5k, and now we are in an ABC correction up, or possibly an impulse. Based on the consensus of some traders I respect, it's possible we form a double top (9.7k or maybe go to 10.2kish) before we go back into an ABC correction down. That could take us down to the 6k or less territory again. After that return to a bull run, and possibly the one we've all been waiting for. That is the main scenario for the blue wave. There are other alternatives. The first is we bounce from here into a nice impulse ... hmmm, just doesn't feel/look right. But this does imply the recovery from weeks ago (from 6.5k) isn't finished. If so, I'd expect an ABC correction down shortly after hitting the 9.7k or 10.2k mark, and we are back to the double top scenario above. So this option leads to the same thing anyhow. Another possibility is that this is a major impulse up, and we are in WAVE 2, about to start WAVE 3, and this turns into a massive wave taking us up to some nice levels. This obviously needs us to blow right passed 10.2k to avoid a double top, so be careful if you're trying to short there ... you never know. RED WAVE: Assume we are in a triangle wave, and heading down in WAVE E. This will ultimately touch the bottom at around 6700ish, and possibly extend passed. 6.5k, 6k and 5.4k bottoms is where I'd be looking for a possible extension. From there, we would expect a bottom confirmation and a nice wave up, likely an impulse and return to bull market! So either way it goes, we just have to watch these critical points. Enter in at points with tight stops. The idea is that all of these lead to a nice rebound, hopefully sometime in May. I can't wait for that to be honest ... I miss those days. Remember only a fool relies on one possible outcome. Do not make financial decisions based on this information. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
BTC, the line is there! Pass or fall, do you dare?Here we have it guys, as predicted, we have touched that important green trend line (within a few $). So it's D Day, kind of. Remember, if you're a whale and want to short ... what's the best option now? Probably a fake bull over that line by a few $100, get everyone long, and then short it to pieces. The squeeze will liquidate many and send it back to the underworld. One thing I've added is a bounce from the 6 month trend line. Could very well be a triangle wave we are in. But let's not be one sided, for BTC has taken on a split personality these days. Perhaps whales have different opinions on which way it should go. If that's the case, I'm going to suggest that's evidence that the bottom is near ... a true battle with whales on both sides ... not just the lowly peasants on one side of the equation, praying that the whale gods (probably some teenager that bought BTC at $1) don't destroy our portfolio. OK back to technicals. So, if BTC is truly reversing, how do we know? Of course we can say if it's well above 9200 we're clear ... maybe. Can we get that signal earlier ... let's consider we have a light that can turn from bright red (going down to hell) to bright green (going to the moon). In between it goes from a fainter red to clear and then fainter green to bright green. Right now we are kind of clear, maybe with a tinge of red. We are on the important test line, in an overall market bear trend, with an exciting rally from 6.5k. If we cross the All Time High Trend Line 1, that light becomes tinged green. If we cross 9200 it becomes light green, if we cross 12k it becomes really green (and then I'm sure the whales would surprise us!). I react based on movements and TA. Up or down. Cautiously. Nothing is certain ... only probability exists. For now, I'm inclined to think that probability is tilted a little towards a drop back down (tinged red light). If it crosses that line, I'd say probability is tilted a little bullish (tinged green light), but almost too small to notice. So how do I react if I know this ... cautiously. What does that mean? Babying this thing, lots of time. Right now. Watching. Closely. Getting ready to long and short, all at the same time. Good luck people. Either way ... down or up, I think it's good news. Down in my eyes is the last movement before a nice bull run (I hope I'm right!). Up, I'm a much better trader in a bull market ... and so is probably 90% of the crypto community. Remember, only a fool relies on one possible outcome. Do not rely on this for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
19