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Bitcoin-btcusd

An update on the bitcoin dominance charts double bottom patternWe can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the double bottom breakout target giving us some nice bullish confluence to increase the probability of hitting the full target of about 57.18%. Once bitcoin reaches this level, it would not surprise me if thats when alt really start to pump afterwards. We shall see soon enough if that will hold true. *not financial advice*
CRYPTOCAP:BTC.DLong
by DrDovetail
2
BITCOIN Is this simply a big Bull Flag?Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before new Highs. As BTC is approaching the 1D MA100 (green trend-line), it is important to know that the last time it did was on January 23 and it held it as Support, closing the 1D candle above it. Technically that is the tolerance limit, in order to the uptrend to stay valid with low entry buyers. The January 23 Low initiated a rebound that peaked marginally above the 2.618 Fibonacci extension, the March 14 High. If the same pattern is repeated, we can see $95000 by June. How probable do you think that is? 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
11
Bitcoin On The Way To 180K!!!Hi. COINEX:BTCUSDT 😊Today, I want to analyze BTC for you in a WEEKLY time frame so that we can have a Mid-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️As you can see, BTC is completed this pattern, and if it follows this pattern Price can grow a lot. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. -BTC has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pattern is Visible on The chart! -AB=CD Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
2
ABCD Pattern - Long Opportunity Towards $71,000Bitcoin (BTCUSDT) presents an enticing opportunity as it nears completion of an ABCD pattern on the 1-hour chart. With an entry point set at $68,000, a stop-loss at $65,000, and a target price of $71,000, this setup offers a favorable risk-reward ratio for short to medium-term traders. Technical Insight: The formation of the ABCD pattern on the 1-hour chart suggests a potential bullish continuation, bolstered by recent price movements. This pattern recognition, combined with supporting technical indicators, strengthens the bullish bias. Trade Setup: Consider entering the trade at $68,000, aligning with the anticipated upward momentum. To manage risk effectively, set a stop-loss at $65,000, strategically placed below recent support levels. The target price of $71,000 reflects the anticipated extension of the bullish trend. Timeframe Analysis: This analysis focuses on the 1-hour timeframe, offering insights suitable for short to medium-term trading strategies. Supporting Evidence: Volume analysis confirms the completion of the pattern, indicating increased buying pressure. Additionally, the presence of a supportive trendline reinforces the bullish outlook. Important Considerations: While the analysis suggests a promising long opportunity, traders should remain vigilant of market dynamics and adhere to robust risk management practices. Flexibility and discipline are crucial in navigating the ever-changing cryptocurrency market. This analysis serves as a reference for traders exploring long positions in Bitcoin, targeting the $71,000 level. As always, conduct thorough due diligence and adjust your approach to align with your individual trading preferences and risk appetite.
Long
by imilood
BITCOIN Holding the ATH Zone! Is this like 2017?Bitcoin (BTCUSD) made a sharp decline on Saturday and is now in the process of recovering. The 1W candle wick dived as low as the low of almost 30 days back (March 20), extending the 1-month consolidation since March 13 High. This is of course directly related to the fundamental aspect of BTC's Halving, which is due at the end of the week and historically exerts high volatility onto the market. Buy even from a technical point of view, those two sell-offs found Support and held the (red) All Time High (ATH) Zone, which is the range taken from the closings of the previous ATH candles. As we can see on the right chart, it was the exact case on the 2014/ 2017 Cycle, which is the Cycle that we first here most tightly correlated Bitcoin's current Cycle. More specifically, the March 20 and April 10 2017 1W candles, were both contained at the bottom of the ATH Zone and sharply extended the rally right after. This means that the Halving event can be the ideal fundamental 'excuse' to kick-start the rest of the technical rally and fulfil the pattern. But what do you think? Will history be repeated once more? 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
BTC's Situation: What Shall we ExpectHi. BINANCE:BTCUSDT Chart is Speaking It Self!!! Simple analysis... It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
Bitcoin- Bulls held strong, so no need to worryThe recent geopolitical tensions have impacted BITSTAMP:BTCUSD , further highlighting that it is not merely a safe haven but rather a risky asset. However, this drop appears to be primarily an emotional reaction. The technical level that I've been discussing for quite some time, originating from the 62k zone, has held strong. Following this dip, the price has reversed and is currently trading with almost a 10% rise from the recent bottom. Medium to long-term bulls need not fret as long as the aforementioned level remains intact. My strategy remains unchanged: buying dips in anticipation of a new all-time high in the 80k neighborhood.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
3
Bitcoin: Range Low Buy Signal.Bitcoin has rejected the 70K area resistance as the pre halving consolidation unfolds. In hindsight, you were better off listening to things like support/resistance LEVELS and price structure rather than all of the social hyperbole going into the halving event. "Buy The Rumor, Sell the News" seems to be what is in play here and usually makes fools of people who are easily mislead by rocket ships on thumbnails. Now that Bitcoin is flirting with a relevant support level, a swing trade long setup with reasonable potential has a greater probability of appearing this week. To succeed as a trader or investor, it is IMPORTANT to gauge the market in terms of probabilities. This means arguments on BOTH sides of the market must be considered at all times and based on something relevant to the market. When it comes to short term speculation, technical analysis often provides substantial arguments because it serves as a reflection of the underlying supply and demand of ORDER FLOW. If you have been following the support/resistance levels that have been on my charts for WEEKS now, you can see how price has reacted. This is why when price pushes new highs but happens to be in the midst of a resistance zone, I become RISK ADVERSE, NOT MORE OPTIMISTIC. And while I receive criticism for being too conservative during very broad moves, I found it to be more effective is miss an outlier than to be stuck on the wrong side of the probability. Novices don't realize, it may work the first or second time, but over time, the probabilities will catch up and you will give back any profit made on the outlier. As of now, price flirts with the 64K support and is presenting an inside bar which can turn into a buy signal IF 65K is taken out upon the close. What is compelling about this buy potential swing trade long signal? Price location. It is part of the range low consolidation within a broader bullish trend. Probability favors a test of high from these levels which can take price back to 68K or 69K areas. Risking 2K points in an attempt to capture 3K or 4K points is a worthwhile reward/risk. IF the 61K area support breaks instead, a test of the 58K to 60K area becomes more probable. Keep in mind a bearish consolidation breakout increases the chance of a broader corrective move that is both unexpected and overdue. Have you seen the monthly chart? Vertical markets are typically unsustainable. It will be interesting to see how price action plays out once the halving event is out of the way. Markets are HIGHLY random, and all it takes is unexpected news to change expectations. Prices don't cling to logic because they are driven by greed and fear. Two emotional forces that are shaped by PERCEPTIONS of the future. Trust PRICE not people. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
14
Bitcoin - Old Fibonacci level suggest $59k is in viewLet's talk about the elephant in the crypto village square: Bitcoin. Now that we're looking at a correction, it makes sense to talk about where that may end and - for those of you that successfully took some profits - when and where you may want to re-deploy those funds. I am of the view that Fibonaci levels - particularly old ones - are extremely helpful for predicting turning points when it comes to BTC. Small quick pullbacks may not involve recognising significant Fibs and can occur randomly or involve pivot levels (not shown). (I rarely trade those because I have a F/T job and do not have time to trade daily and also I find that trading smaller insignificant levels can be really frustrating and result in missing large runs...) However, when pullbacks stretch into weeks (current situation), then significant Fibs start coming into play. I'll explain below where the blue and white fibs depicted in this image come from, but the blue Fib depicted here at ~US$59,600 is the 48 Fib of the original run and was initially ignored as the price stormed through it, but is now working like a magnet for BTC price and my view is that the correction will not end until this Fib is properly recognised. A proper recognition of this Fib may involve a spike down over a few hours (possibly a day) but then a weekly (or daily) close on or very close to the Fib line. These old Fibs have been influential in shaping the price history of BTC to date, as can be seen from the linked images below. The thick dotted blue lines are the extension Fibs from the first long run of BTC between 2009 and Nov 2013 (first link below). The thin dotted white lines are the 'extension' fibs drawn from the 2014 crash in price. The blue fibs have been massively influential and have accurately predicted most peaks and troughs (second link below). I think it's at least LIKELY that Bitcoin will not find a way forward before it has planted itself squarely on this 48 Fib over the coming week(s). Happy trading!
INDEX:BTCUSD
by Fractaleer
ETHEREUM - Missed The Bull Run? Think Again...In our previous analysis, we were bullish from the 1500 area. We pushed up a massive +160%. As explained in our previous setup, we are in a large correction and expecting one more move lower to complete the wave 4 correction. We appear to have started this final move down and will be looking for confirmation on the break of the red trendline. There's a small chance that we may move a little higher before breaking down so do keep an eye out for that. Please note that for the longer term we are bullish but we are looking for any buying opportunities. Goodluck and as always, trade safe! See our previous setup below which played out perfectly!
BINANCE:ETHUSD
by WicktatorFX
6
BTC on 3h chart🔻Hello, dear friends! 😊Let's quickly take a look at the 3-hour Bitcoin chart.👀 We see a sharp decline in price, I have updated the boundaries of the triangle, and now it looks like we are moving towards the level of 64,000.💥 If we hold this level, there is a chance to stay afloat, but if the drop is more serious, the scenario I mentioned earlier may occur.👇 What do You think? How deep can Bitcoin fall? Will there be a deep correction? Write Your thoughts in the comments! Thanks for Your attention Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
15