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Bitcoin-btcusd-btc

BITCOIN on the Sine Wave Buy Zone but won't last for long!Bitcoin (BTCUSD) may be under a quite strong short-term correction since the August 27 rejection on the 1D MA200 (orange trend-line) but based on this 2-year Cyclical Chart, it has high chances of finding Support again and start a rally similar to the two it had over this time span. Let's start with the long-term outlook which remained bullish after BTC hit and rebounded (August 06) on the 1W MA50 (red trend-line), its long-term Support since March 13 2023. The formation of the 1D Death Cross may have offset some of this optimism but on this cyclical pattern it is not a bearish sign as last time it emerged (September 11 2023), Bitcoin formed its new bottom at the time. In fact it was inside a short-term (dotted) Channel Up, the vessel pattern which took the price from the bottom to a new +100% rally. The key parameter was the fact that the 1D MA200 broke and later was retested and held as Support. This is most likely why we are having the recent pull-back, because even though the price broke above the 1D MA200, it failed to hold. The 1D RSI also prints a similar pattern to the previous two bottom fractals on this chart and it appears that relative to those past sequences, we are currently after the first RSI peak and pull-back. On the price action, we illustrate the relative position of now and then with circles. The Sine Waves do perhaps the most efficient depiction of the price cyclicality, clearly displaying where Bitcoin should be bought and where sold. At the moment we are just past the most optimal Buy Entry so it the opportunity still exists but may not last for long! Another +100% rise from August's recent bottom, will see Bitcoin test the psychological benchmark of $100k. So what do you think? Is a new rally this close, potentially timed after the Fed cuts the rates in 2 weeks? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
2
Bitcoin: Watch Reversal Confirmation 56K.Bitcoin broke 60K but is showing signs of buying activity in the form of pin bars just above the 56K major support (see arrow). This retrace should come as no surprise if you read my previous article where I anticipated this scenario a week earlier. While current momentum is still bearish, this market is in a consolidation on this time frame which means the support/resistance levels are where the opportunities are more likely to develop. This means the 56K area is a key level where a high probability and high potential bullish reversal can appear over the coming week. Now just because a reversal can be anticipated does NOT mean to jump in early which is a very common mistake. Confirmation IS the key to mitigating risk and aligning with the probabilities. If price does NOT confirm a reversal, it will then be "saying" that IT wants to continue the bearish momentum which can lead to a test of the 53 to 50K support. Again this is NOT about what you or I "think", its all about what the MARKET demonstrates through price action. What does confirmation look like? On this time frame, a pin bar or inside bar followed by the break of the high of that bar. At this time, IF the current candle closes in the form of a pin bar and takes out the 59K high, we can argue a new buy signal is in effect. The thing is, a trade idea is NOT just a buy signal, it must also consider the accompanying RISK. Using this method, the candle low is one point of reference for risk which can be any where from 2 to 3K points (on this time frame). Once you figure out the risk, you can then calculate a profit objective or you can reference the next resistance level around 64 to 66K area. Not everyone has the same tolerance for risk. Only you can determine how much risk is appropriate. This is where smaller time frames offer more flexibility. For example, if 2 to 3K+ points of risk is too much, you can consider a smaller time frame such as a 4 hour or 1 hour. Your profit objectives will be proportionally lower but so will your risk. If price reaches 56K (blue box) and confirmations appear on a 4H or lower time frame, you can enter with more confidence because your risk will likely be in the 1K range while your probability of a positive outcome will be much greater (56K is a historical location). You can calculate all of these factors yourself or use a tool (like my Trade Scanner Pro). Before you even get to that point, you must first know what you are looking for (anticipate). As I tell my followers there are two types of trades: continuations and reversals. An example of a continuation is when a break out occurs, while a reversal is when a support/resistance level holds. Considering components like trend and support/resistance levels in relation to each other (context) is how you can formulate your anticipated idea BEFORE expecting a confirmation. Without this important step, you are essentially playing a RANDOM game. With this in mind, for the coming week I am anticipating a REVERSAL around the 56K area. IF price confirms sooner, that is okay too, but the question becomes how does this change the risk. Also it is important to remember that we are still in holiday mode which means movements can be muted and erratic. If you are going to play, be selective and specific while keeping risk tightly controlled. Careful attention to smaller time frames can help in this area. Listen to the market, it is ALWAYS right. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
7
BITCOIN The 'March-October' effect..Bitcoin (BTCUSD) is taking a hit on a weekly basis as, despite last week's green candle that extended the rebound on the 1W MA50 (blue trend-line) and hyped hopes for a new 70k test, the last two days are resetting the momentum. Still, there is no cause for alarm as BTC has been practically consolidating since the March All Time High (ATH). And in fact, the market is no stranger to such consolidations as just as recently as last year, it was also ranged from March until October 2023, before starting the massive rally that led to the ATH. Even in the previous Cycle, we can somewhat see a rough consolidation pattern, which if it weren't for the COVID crash 'anomaly' of February 2020, the market would again be ranged from March to October 2020. As a side-note, check also how similar the 1W RSI sequences of those fractals are, trading around the same price levels as well. For title catchers, we can call this 'The March - October effect' and if it plays out again the exact same way it has historically, then as soon as September ends, we can be expecting one of Bitcoin's brutal Bull Cycle rallies (green Channels). Practically we are only a month away and as you can see in the previous Bull Cycle, the main two rallies have been fairly symmetric. If the one that might start in October is proportionally as strong as the October 2023 - February 2024 one, we might be looking for at least a $150000 Target. But what do you think? Is a massive rally only a month away and if so, could it reach $150k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
9
BITCOIN Why holding this Support Zone for 6 months targets $100kBitcoin (BTCUSD) will close the month of August this week and the 1M candle not only rebounded aggressively on the 1W MA50 (red trend-line) but also held the Symmetrical Pivot Zone for the 6th straight month. This Zone is critical because during the previous Cycle in late 2021 it served as Resistance and since the recent March 2024 break-out, it has been acting as Support. The Bullish Waves on the 2-year Channel Up indicate that after this month closes, $100000 is well within reach. Do you think this is the start of the 100k rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
Bitcoin: Resistance Now Back To Support?Bitcoin rejected the 56K support and is now testing 64K resistance. Read my previous article to learn how I described this scenario a week in advance. With price at a proven resistance, along with a couple of inside bars suggests momentum continuation higher BUT how much higher? With the coming week typically being the SLOWEST week of the year, expectations should be LOW as far as seeing a push back into the high 60KS. Based on the recent price history along with considering the broader context, I am anticipating the 64K resistance area sticks and price is more likely to see the 60K support over the coming week. Why this scenario over the countless possibilities? My reasoning is simple: the broader context has proven to be a range bound environment. In a range or consolidation, relevant support and resistance levels have a greater tendency to hold. That is the expectation, but whether the MARKET decides to agree with that is another story. This is precisely why having a routine way to CONFIRM the price action is key (this is what my Trade Scanner Pro is all about). The market is currently at a resistance, IF price action confirms a sell signal, the next support is around the 60K area (see arrow). I anticipate buying activity to confirm in such an area. To use this information effectively, you must have certain things figured out. For example, if you are a day trader, it is reasonable to look for sell signals across smaller time frames near the 64K area. Risk can range from 150 to 400 pts (1 min to 5 min time frame) while profit objectives can range from 200 to 500 points max. This is all determined by the parameters of the time frame you operate within. Getting short now and expecting a test of 60K because "its a big move" does NOT account for the associated risk and profit objectives of your relative time frame (Trade Scanner Pro calculates all of this). As I mentioned in my previous article, play the support/resistance levels or don't play at all. This is ESPECIALLY important this coming week which is typically the slowest of the year in terms of average volume. Slows grinds one way or the other, sharp movements one way or the other, lack of follow through, fake outs are all very common occurrences in such an environment. In my opinion, play small, recognize when you are WRONG fast and do NOT cling to hope. For beginners especially, if there is any time to take time off, this is the week. If you must trade, at least trade on paper and learn while protecting yourself from a very highly random market. For the majority of participants, this is a game of CHANCE not skill. The reason is they are misinformed into believing they are cultivating a skill which in reality has NOTHING to do with the outcome of their trade or action. For example, being able to read oscillators, interpreting news and recognizing patterns, etc. Like a slot machine, no matter how good you get at interpreting the animations, fancy images, sounds and buttons, you will have absolutely no effect over the outcomes of your bets. Does it have to be this way in the markets? No, but it is all a function of the quality of the information you choose to consume. Not all information carries the same value. Here's something to consider: IF most of the population has access to the same information as you, chances are it offers NO advantage which means your outcomes are likely random. The skill in this game is being able to recognize value that is overlooked by the broader population while being flexible enough to adjust to changes that only price itself can convey. If you are having a hard time, you are most likely believing the misinformation that you consume. Thank you for considering my analysis and perspective.
Editors' picks
COINBASE:BTCUSD
by MarcPMarkets
19
BITCOIN The Volatility Index is showing the way to 100kBitcoin (BTCUSD) undoubtedly shares a relationship with the Volatility Index (VIX), even though not 100% tight, being a speculative financial asset. Naturally the two are on a negative correlation, meaning that when volatility hits the market and VIX rises, BTC rises and vice versa, similar to what happens against stocks. Following the massive volatility spike on the weeks of July 29 and August 05, VIX quickly corrected back to its 1W MA50 (blue trend-line), which has been its pivot line since the Channel Down started 2 years ago. Bitcoin on the other hand is already significantly above its 1W MA50, as on the week of VIX's aggressive volatility, it managed to test it and held. Opposite to VIX, Bitcoin has been trading on an upward trend, illustrated on today's analysis by a Fibonacci Channel. Initially the 1.0 Fib has been its top but then when broken, it topped on the 1.5 Fib extension. As a result, we expect that when VIX finally closes below its 1W MA50, it will seek its 1-year Support, the Diverging Lower Lows trend-line and that will propel Bitcoin to its 1.5 Fib extension again. If that takes place towards the end of the year, we expect $100k to have been reached. Do you think this correlation model will materialize 100k for Bitcoin? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
#BTCUSDT.P Daily trades//setup 1/5RR LONG X3 LEVERAGE# hello TRADERS , hope you’re doing well This our TRADE setup for today no further analyses of the entry since this position is lower-timeframe Based ######### POSITION SETUP ######## recommended leverage: X3 ENTRY POINT :58822 SL: 57730 TP:64500 ### Not financial advice disclaimer ### #You can use leverage at your own responsability and according to your risk management strategy ## remember to stay informed and make decisions based on your own research. always, trade with caution ## Do not forget to put Stop loss for your positions Don’t forget to boost and support our Ideas to receive more Analysis #Make sure you follow and activate the notification to catch the move instantly If you have any questions, or any Coin to analyse you can write them in the comments section below. #####We are using LEET ALGORITHMIC CONCEPT (LAC) revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the functioning of the most powerful HIGH frequency trading algorithms very high accuracy, No psychological factor or stress, the only rule is to follow the steps straight to the target Join US!! ********* WAKE-UP NEO =) follow the white rabbit********
Long
by LEETRADERS
Bitcoin: Play Support/Resistance Or Stay Away.Bitcoin has established a higher low off the 56K support area as anticipated in my previous article. From here a test of the 62 to 64K resistance area is within reason over the coming week. No matter what information you consume, the price action at this time is clear: Bitcoin is still INSIDE a broad consolidation. This means UNTIL it can demonstrate a breakout one way or the other with conviction, it is best to anticipate the consolidation to continue. This means paying attention to action around notable support/resistance levels that are relevant to your strategy time frame. In the markets, there is a tendency for "history to repeat itself". I understand this to mean the human behavioral element behind the price action. I mention this because if you notice, the low 64K area has numerous repetitive reactions over the previous few months (see arrow). The reason why does not matter, what matters is that there is a particular kind of price action around a level that can be anticipated in the near future. How you utilize this information will depend on your strategy specifically. For example, if you are looking for day trades you may not use it the same way as someone looking for swing trades, etc. Another aspect to keep in mind is the fact that we are now entering into the SLOWEST time of the year in terms of participation and volume. Weeks 3 and 4 of August are usually slow, erratic and very tough to navigate particularly on smaller time frames. Volume usually returns back to normal by the first week of October. This is NOT precise, but a tendency that I have observed over the years. This means it is usually better to be more selective about setups, take more time off and/or paper trade more. Low volume does not imply bearishness per se, but it can increase the chances of slow grinds either way, lack of follow through, price spikes that fake out, etc. Play the support/resistance or don't play at all. When operating on smaller time frames you can consider this situation from both sides. Look for confirmation of momentum continuation patterns on the long side until price reaches the 62 to 64K area. From there look for confirmations of bearish reversals. "Confirmations" is synonymous with "signals" generated by my Trade Scanner Pro. When markets consolidate like this, technical analysis can help immensely when it comes to evaluating potential, risk and probability. I repeat this often, this is NOT about forecasting the future, it is about using previous information to identify potential and measuring the associated risk. This is what CONTEXT is all about and where trade ideas begin. To have chance of winning you must be able to anticipate while at the same time account for the possibility of being wrong. This is NOT about hunches, feelings, opinions or logic. It is all about being a good "listener" of the market because it is ALWAYS right. Thank you for considering my analysis and perspective.
Editors' picks
COINBASE:BTCUSD
by MarcPMarkets
15
Bitcoin | Descending Broadening Wedge Consolidation Continues!!Descending Broadening Wedge Consolidation Continues..!! Bitcoin has been consolidating in a Descending Broadening Wedge pattern since March 2024. Bitcoin is bouncing back nicely after the August 5th crash and is now heading towards the $69-70k resistance area. Bitcoin bulls need to clear the $69-70k crucial resistance area to confirm the wedge upside breakout. Once the breakout is confirmed, I'm expecting a 20-25% bullish rally in Q4. $100k is programmed for this year. Remember one thing: we are currently in the accumulation phase, just before the next massive bullish rally. Let me make one thing clear: the damage is done, and Bitcoin has already bottomed out (Bitcoin will never go below $50k). Markets will likely remain sideways for the next 2-3 weeks, and then we could see a massive bullish rally, possibly around mid-September. What should we do now? Back in August-September 2023, when Bitcoin was around $17-18k, I kept telling everyone to buy, and after that, it went up to $74k. Now, I'm telling you again to accumulate. Bitcoin will likely surpass $150k this time. Keep accumulating the dips and building your portfolio for the 2024-25 bull run. 🙌 Love This Idea? Show Your Support! 🙌 If you found this idea valuable, don't forget to hit that like button and subscribe for more insights just like this! Your engagement fuels the content I create, and it means the world to me. 💬 Join the Conversation: I’d love to hear your thoughts! Share your ideas and charts in the comments section below—let’s learn and grow together. Thank you for all your love and support! Together, we’re building something amazing. Stay tuned for more!
Long
by Faibik
30
BITCOIN Can it reach at least 150k?Bitcoin (BTCUSD) closed last month (July) in green and even though August started on a very strong decline, the market has managed to recover most of its losses before the middle of the month. This shows incredible buying force right on the 0.786 Fibonacci retracement level of the 2021 All Time High (ATH). Today's study is centered around the 1M time-frame and the Bullish Crosses of the MACD. In the past 10 years, we have had this formation only 5 times, all of which during Bull Cycles. The most recent one was in June 2023 and needless to mention, BTC had a remarkable rally (its first of the Bull Cycle) after it. From a time perspective within the Cycle, the June 2023 Cross, resembles the Bullish Crosses of November 2019 and December 2015. They were formed 25 and 23 months respectively after the High of the previous Cycle and following their formation, BTC peaked exactly 24 months (731 days) later. The June 2023 MACD Bullish Cross was formed 19 months after the previous Cycle High, so if it follows the previous peak patterns, then Bitcoin should peak around June 2025. Symmetrically, it appears that we are currently in a above 0.786 Fib consolidation phase (blue circles) as November 2020 and February 2017. The bullish break-outs that followed after such consolidations, initiated the Bull Cycles' 2nd rallies to the eventual ATH. If we were to make a rough projection on that high, we can look into the Channel Up since 2014. That pattern formed the Cycle Highs above it every time (red arcs), so technically we could be looking at values between 200k - 300k. However even if we follow a 'conservative' path within the Channel Up, if BTC hits the top of that dotted Channel, it will reach a price as high as $150000, which in our opinion is a very desirable level to start taking long-term profits. But what do you think about this whole scenario? Is the 1M MACD Bullish Cross symmetry about to start the 2nd rally of this Cycle and if yes, can it reach 150k at least? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
BITCOIN is right on track and even stronger than previous CyclesBitcoin (BTCUSD) has experienced a sharp drop over the past 2 weeks, causing a test of the 1W MA50 (blue trend-line), which as explained in a previous analysis, this has only happened once during a Bull Cycle. As today's idea shows though, what caused massive panic and liquidations recently, can be seen as merely a technical attempt of the market to re-adjust and harmonize what was a very aggressive bull run up until March, towards the mean, relative to past Cycles. More specifically in the last 2 Cycles, as you can see, 630 days after the Cycle bottom, Bitcoin was trading just below its 0.236 Fibonacci retracement level, while on the current Cycle the recent drop took place just over it. This means that the current bull run came closer to the trend of the last two, but remains more aggressive. As a result, we expect BTC to resume the rally and continue on a more aggressive tone than in the past and by early 2025 break above 100k and possibly by next Summer reach the -0.618 Fibonacci extension, a level that was achieved during all past Cycles. So what do you think? Has this BTC Cycle been normalized after the recent drop and is now ready to resume the uptrend? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
Bitcoin: Back To 56K Support.Bitcoin has rejected the 53 to 56K support zone as I wrote and spoke about in my previous week’s analysis. My followers were not surprised and some even recognized the brief investment opportunity that I emphasized heavily during my stream. If you are caught on the wrong side of this move, most likely it is a result of consuming low quality information (too much internet). In this analysis I am going to point out what this week’s anticipated scenario can look like based on what PRICE STRUCTURE SAYS, nothing else. Do not be confused by news and drama, it only looks to appeal to you on an emotional level. Professionals are able to capitalize on this, so it is YOUR job to make every effort to be as objective as possible. This can be achieved by consuming information that offers perspective and insight that is typically missing from typical sources such as news. Trend and support/resistance is such information and it is what I use primarily to arrive at a scenario that is favored each week. Bitcoin has rejected the 53 to 56K reversal zone (expected) in a dramatic way and has gone straight into the 60 to 62K area resistance. Since testing this area, a bearish inside bar (See arrow) has printed along with a break below the low. This is a sell signal within a price area where such a signal is of higher probability. With this in place, I anticipate a test of the 56K support over the coming week. IF price is going to reversal higher and test the range highs, the 56K level would ne an ideal location for such a move to originate from. Why? The location has a history of buying activity. There is NO guarantee of course, it is only an anticipated probability. For swing traders this means measuring the risk against a potential retrace to 56K. Confirmation is KEY in these situations and working on slightly smaller time frames helps to reduce risk effectively when you can clearly define the risk and profit objective (this is where Trade Scanner Pro shines). I must always remind followers this is NOT a game of forecasting the future, it is game of estimating probabilities and controlling risk because there is a always a good chance the market WILL NOT COOPERATE With your anticipated outcome. Another important point that I make often is that when evaluating a market, both sides must be considered. In the case of Bitcoin, It is also possible to get a bullish continuation pattern that can take price back into the mid 60Ks. While this is NOT the favored scenario, it is important to recognize so that if you are short, you are better able to recognize and adjust to being wrong. IF there is ANY skill to this game, ADJUSTING to changes in the market decisively (knowing when you are wrong) is IT. So for this week, the retrace to 56K area is the favored scenario unless the market changes it mind. Be prepared for bullish reversals in that price area. Knowing your time frame, and what risk/reward parameters are associated with that time frame is essential to effectively navigating this broad range bound market situation (50K to 73K). Those with opinions, and those who get swept up into the internet nonsense and OVER complicate things will only find themselves more confused. I say it over and over: the ONLY two components you need to make effective decisions are trend and support/resistance levels. Less is MORE. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
8
BITCOIN priced the new bottom. Strong evidence of new ATH ahead.With tensions and volatility continuing among the markets, we revisit a chart that we published almost 1 year ago (August 14, see chart below) when the market was again in a time of high volatility and was consolidating within a wide margin for a rather long period of time (April 17 2023 - August 21 2023): Back then we stated that a huge rally was in the making and only one week later, the market delivered and BTC rose from 25k to +70k in a span of 6 months. It was the unique Bullish Cross on the 3W KTS indicator that only happens once in every Cycle that cemented our bullish projection. BTC is now on a consolidation phase similar not only to the 2023 one (Apr - Aug) but also to the past Cycles that followed the KTS Bullish Cross. It is noticeable that there are two such consolidation phases in every Bull Cycle and currently we are inside the 2nd. This is strong evidence suggesting that we are about to experience multiple green months in the coming quarters. Do you agree or you feel the economic slowdown fears will prevail and break this structure? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
1
Bitcoin: Bearish? Not Yet.Bitcoin has rejected the 68 to 70K resistance area as I anticipated in my previous article. If you read it, you will recall that I explained the level of risk for longs at such a location was high for this time frame. What there was NO way to know was IF it were to sell off, how low would it go? Only the market can answer and that is what we can see NOW. Two major support areas were compromised and the range low near 56K was tested in just a matter of days. The key to NOT getting caught in this buying too early is WAITING for price confirmation around specified levels. IF you are stuck in a long because you bought too early, there are two things you need to accept: markets are MOSTLY random and NO ONE can tell you the future. In this situation, when Bitcoin was flirting with 70K, many "experts" claim it will continue higher, you will miss the break out, etc. And you will notice the same phenomenon now: "experts" will project this move visually, forecasting moves to 50K or lower, etc. If you want to be able to navigate this environment more effectively, STOP consuming low grade information and learn to gather much better information from the market itself. I'm not right all the time, but I can at least assess risk in a consistent way and make better informed decisions simply because I listen to the market ONLY. The current price area offers a better opportunity for LONGS at this time, even though a test of the 56 to 53K support area can occur over the following week (see illustration). The arrow on this chart points to the recent pattern of buying activity and this is a good example of what you want to see again which can be a form of confirmation. Looking for shorts in this situation is best for day traders only because of the squeeze potential. This is where a confirmation tool like the Trade Scanner Pro shines. Without any way to confirm levels, you have no way to gauge the probability of a level breaking or not. Just ask the traders who stepped in front of the 66 to 64K support, and the 60K support. What time frame to look for confirmation on will depend on what type of trade you are looking to take. On this time frame, which is more appropriate for swing trades and investing, a confirmation pattern can take a number of days. You need to know exactly what to look for and understand how to best manage risk by utilizing a position sizing strategy. As you can see on this chart, 56K was quickly rejected, but the candle is still open and the recent momentum is still intact (bearish candles). When I see this, I prefer to wait for more complex reversal patterns like double bottoms or failed lows compared to something like a single pin bar. It is important to ALWAYS consider the market from both sides and then use that information to filter your trade ideas. The general location is attractive for longs, especially on the investing time frame but that does not mean it will reverse back to the highs here. IF the 56 to 53K support breaks, a test of 50K becomes likely. IF that breaks, then the 40Ks can be in play. AGAIN it is ALL about CONFIRMATION. No confirmation, then there is a much lower chance of a significant reversal. Overall, no matter what you read or hear, the fact is the broader Bitcoin trend has not changed, it is still BULLISH. The mid term trend is range bound and price is now flirting with the range LOW. IF if holds over the next week or so this can be a buying opportunity. IF it breaks, the state of the broader trend may be in question and will call for reevaluation. This is NOT a game of being right, it is a game of managing risk in a highly random environment. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
10
BITCOIN Ultimate Cross-Cycle Comparison on 1 chart! DON'T MISS!On this special Bitcoin (BTCUSD) analysis, we compare the current Cycle to all past ones by plotting one on top of the other. By classifying each Phase, we can see that all Cycles share some very strong characteristics. More precisely, BTC appears to be currently approaching the end of the Break-out Phase (orange Rectangle). That gives way to the most aggressive part of the Cycle, its Parabolic Rally Phase (green Rectangle). As you can see, this is where all 3 past Cycles took off, the 2018 - 2021 Cycle (black trend-line), the 2014 - 2017 Cycle (blue trend-line) and the 2011 - 2013 Cycle (orange trend-line), the latter of which is stretched in order to fit on the shared bottom of the others. This chart doesn't technically show the Target value of the Cycle's top but rather serves as a useful benchmark to time this peak, in relation to the Tops of the previous 3 Cycles. As you see, this might be towards the end of October 2025, i.e. a full year into the new U.S. Presidency, which is aligned almost perfectly with historic market behavior. So what do you think? Is Bitcoin about to enter a Parabolic Rally phase and if so, could it essentially be a full year of rallying activity ahead of us? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
6
BTCUSDT → short term analysishello guys! I've published the perspective of BINANCE:BTCUSD : now let's dive into a short time frame: Current Price: $69,781 Chart Overview: - Resistance Levels: - Immediate resistance at $73,612. - Next target at $77,604. Trend Analysis: - Bullish Trend: Bitcoin is in a clear uptrend, trading within a widening wedge pattern. - Corrections: Two minor correction areas are identified: 1. Around $70,000. 2. Near $73,000-$73,612. Price Patterns: - Widening Wedge: Indicates increasing volatility with higher highs and higher lows. - Potential Breakout: Price action suggests a bullish breakout toward $73,612 and potentially $77,604 after minor corrections. Key Observations: - Support Levels: The support from the widening wedge pattern is holding strong, providing a solid foundation for further gains. - Minor Corrections: Expected corrections around $70,000 and $73,000 should provide re-entry opportunities for traders. Conclusion: - Bullish Continuation: The overall trend is bullish with a high likelihood of reaching $77,604. - Trading Strategy: Consider buying on dips near $70,000 and $73,000, targeting $73,612 and $77,604. Actionable Insights: - Monitor for corrections around $70,000 and $73,000 for potential buying opportunities. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
30
BITCOIN has entered into early Parabolic Rally levels.Bitcoin (BTCUSD) is about to close the month of July with a strong test-and-hold on its historic Parabolic Growth Channel, which is the zone that has signified its cyclical bottom and the recommended region to buy after a Bear Cycle. This marks the 5th straight month of sideways trading and as this 1M chart shows, this is a behavioral pattern that normally takes place before BTC starts its most aggressive part of the Bull Cycle, the 'Parabolic Rally'. What precedes this is of course the Accumulation Phase within the Parabolic Growth Channel. We are some months past this stage and based on the Time Cycles, the market has just entered the (green) region where the Parabolic Rally can start anytime. Do you expect that to start as early as next month? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2