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Bicoin

BICO Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: BICO recently hit a new all-time low at $0.1631. With the current price at $0.2497, BICO is holding the support trendline, and it's likely to bounce back if it maintains this support. If a rebound materializes, we could see a 300%-500% rally in BICO in the coming weeks. Note: BICO needs to maintain the support trendline to stay in the game. A weekly close below the support trendline could have negative consequences for BICO. Key levels: - Crucial Support/Accumulation: $0.21. - Target: $0.97 to $1.3, - Invalidation: A weekly close below $0.21. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
BLong
by Cryptorphic
BTC HALVING APRIL 26Dear Ziilllaatraders, Why is the halving such a important date? Reduced Supply and Increased Scarcity: Halving events significantly reduce the rate at which new Bitcoins are introduced into circulation. This reduction in supply contributes to increased scarcity over time. Historical data suggests that decreased supply often leads to upward price movements for Bitcoin. Price Volatility and Speculation: Bitcoin's halving events have been accompanied by increased price volatility. Traders and investors tend to speculate on the impact of reduced supply, causing significant price fluctuations. This volatility presents both opportunities and risks for market participants. Long-Term Price Appreciation: While short-term price movements can be unpredictable, the overall trend following previous halvings has been long-term price appreciation. This trend aligns with the fundamental principles of reduced supply and growing scarcity, establishing Bitcoin as a valuable digital asset over time. Considering past halving events, we can outline potential scenarios for the 2024 halving: Positive Price Momentum: Based on historical patterns, there is a reasonable chance that Bitcoin's price will experience positive momentum after the halving. This scenario may attract increased interest from investors and traders, potentially driving the price upward. Short-Term Volatility: Previous halvings have demonstrated short-term price volatility. Market sentiment, investor behavior, and external factors can all contribute to price fluctuations. Traders should exercise caution and be prepared for short-term market swings. Long-Term Growth Potential: Bitcoin's steady growth and expanding mainstream acceptance suggest a favorable long-term outlook. The 2024 halving could act as a catalyst for continued price appreciation, driven by reduced supply, increasing adoption, and institutional involvement. Conclusion: As the 2024 Bitcoin halving approaches, we must stay informed and analyze market dynamics. While past halving events provide valuable insights, they do not guarantee future outcomes. It is essential to remain updated, monitor market developments, and employ sound risk management strategies. Greetings, Ziilllaatrades
COINBASE:BTCUSDLong
by ZILATRADES
1
Bitcoin – Has the Uptrend began?Basic Assumptions: Before I present my TA for your consideration, I would like to state my basic assumptions: 1. Price is efficient. Any imbalance in Price must be resolved before further continuation. 2. There is liquidity, short stops, Between 27,240 – 27,700. 3. The market is designed to play with our feeling and uncertainties. 4. The current short-term downtrend has not been invalidated. 5. Weekend PA is based on retail activity and low volume. Do not trust weekend pumps. 6. The 25,000 level has not been tested. Logic dictates that there is a lot of liquidity there, waiting to be taken. Deep Dive: 1. Price is efficient: Price moves in the most efficient manner possible. Meaning that every red candle must be balance by a green candle or a wick. On May 24th Price created an Imbalance, Red candle without an opposing green candle or a wick. This liquidity (red box) has now been taken. 2. Liquidity/Short Stops: 27,650 is the range high. We have been in a range since May 11th. Logic dictates that most short sellers placed their stops at the range high. This buy-side liquidity could be targeted to fuel the move to the downside. 3. Emotions: The market is designed to play with our emotions. You may think that the market is bullish and that if you don’t get in now, you will miss a substantial move. However, the market will always give you a second chance. Patience. Wait for the proof of the move before you risk your hard-earned money. 4. Invalidation Level: As mentioned above, the range high is at the 27,500 level, give or take 200$. As long as the range high is not broken, we have to assume that the current trend is to the downside. 5. Weekend: Lets face the facts: Weekend trading volume is usually low, and the PA is not to be trusted. The heavy hitters are not at the office over the weekend. The only people trading on the weekend are retail traders and algos. Not saying that this move can’t be real, but let’s have patience. If this move is genuine there will be further upside after the weekly close and next week. 6. Sell Side Liquidity: If the Market Makers are truly interested in a big move to the upside, they will gather cheap liquidity first. Where is the cheap liquidity? At the 25K level or below. My Trade Idea: Entry: 27,400 (Wait for some bearish divergences and/or a clear rejection.) SL: 27,700 (Could be a bit higher, depends on the entry) Targets: 25,800 (Range low). 25,200 (Daily support). 24,650 (0.5 fib). Invalidation: Weekly close and Monday open above 27,700$ NFA Patience – Financial Advice. Best wishes to all. Feedback will be appreciated.
Short
by NewThoughtCrypto
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Long
by ttcompanyy
Bitcoin by end of June - 48k?Bitcoin looks like it would like to reach up and touch 48-50k..maybe even a little higher. People are calling dooms day for all markets..dooms day for everything every day, but what they forget is that Bitcoin is one of the only places to store your wealth in these uncertain times. With a world banking crisis, inflation, war, and economic trouble looming around the globe, people will run to Bitcoin as a safe haven that the globalist banking crime syndicate can't dilute or rig to steal from you. What do you think? Let me know..
INDEX:BTCUSDLong
by WillTMoney
2
Bitcoin : Be Ready for the next moves Good Day Everyone Bitcoin's Consolidation at 28/28.5k Areas Suggests Possible Retest of 25k Areas Bitcoin, the world's most popular cryptocurrency, has been consolidating in the 28/28.5k areas for some time now. This consolidation phase suggests that a possible downside move may be in the cards, with the 25k areas being the likely target for a retest. One of the key indicators that support this bearish scenario is the RSI (Relative Strength Index), which is currently in overbought territory on the daily timeframe, with readings above 60 points. This level of RSI typically suggests that an asset is due for a corrective move. Furthermore, the wave 5, which was previously discussed, is now completed, and any further extension would require a breakout above the 29k areas. However, the current price movements and volume do not seem to support such an upward move anytime soon. Given the current market conditions, the best trading strategy, in my opinion, would be to sell around the 28.4/28.5k areas, with a stop-loss set above 29k. For those trading on leverage, it is advisable to use a low leverage of 3-5x maximum to minimize potential losses. Overall, while there is still some uncertainty in the crypto market, the consolidation phase at the 28/28.5k areas and the overbought RSI suggest that a corrective move may be imminent, with the 25k areas being a likely target for a retest. As always, it is crucial to stay up-to-date with the latest market developments and adjust trading strategies accordingly. Good Luck And Have A Nice Weekend
Short
by Htback
Good job! I can't hide my happiness The perfect week is over. In this week’s trading, the long orders of gold around 1832, the long orders of GBPUSD at 1.930 and the short orders of 1.201, the long orders of EURUSD at 1.589, and the long orders of BTC around 22326 are all TP , so that I get a very good profit from it, Good job! I am very confident that I will maintain or even surpass this week's success in the next transactions, and I believe that we will all achieve greater profits!
INDEX:BTCUSD
by triumphing
Bitcoin is at a critical turning point ... The RSI is in the middle of a climb so that would indicate a possible continuation to the upside. But this could just be us bouncing onto the top of the wedge. What will happen ... it is not clear yet, we have to wait for a clear signal breaking either on the upside or the downside. Looking at the wedge it seems like we should have a clearer view by Monday ... Even some news like Genesis and so on do not seem to have a major impact on the market. So we keep on waiting for a clearer signal. What do you think will happen? Long or Short?
COINBASE:BTCUSD
by crypthal
Btcust Wyckoff Accumulation Setup bull run 14k+ or 13.5k+Btcust Wyckoff Accumulation Setup bitcoin also completed Accumulation Phases A,B, so now we are in Are Of Accumulation Phase C .. our spring Area will be 14k or 13.6k+ after retest we can Buy or hold Bitcoin .. PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Long
by BasharatAliMaher
BTCUSD still early to say bullish Hi Traders let's be real. While a lot of those pretending to be gurus specially in social media saying we are on bullish now this is all BS and just getting out there posting their TA for subs and or make money on on whatever they are promoting for their own pocket. So much for that. Let's look at this monthly chart. Price made a pause on a monthly support line and below 62% of the monthly range. We know price doesn't move in a straight line but in waves. Understandably those who shorted will have to take some profits on key levels and could say lots of interested buyers are present on that zone. I would if it is basing as well. Zooming out to daily If we see a bullish break out from the overall consolidation then this would be a good sign for a possible bullish scenario. But we still have to pass through resistance areas marked in red horizontal lines. worst part is if we see an impulsive bearish move breaking out from the consolidated zones then we might see 12k maybe. Let me know if u agree.
COINBASE:BTCUSD
by Junmadayag