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Bitcoin-btcusd

BITCOIN Bottom of the 6-month Megaphone. Will it hold?Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as those of February - March 2024 and October - December 2023 (blue ellipses). As you can see, each Higher High on the Megaphone pattern has been proportionally higher, the first hit the 2.0 Fibonacci extension, the second hit the 2.618 Fibonacci extension, which is natural for Megaphones. As a result, if the pattern continues, reaching the all important psychological target of $100000 seems more than plausible as it sits just above the 2.0 Fib extension, where based on the pattern it can even reach the 3.0 Fib (127k). But what do you think? Will the Megaphone's bottom hold and push BTC to 100k? 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 (BTCUSD): Important Key Levels ₿ The last 2 days are very negative for Bitcoin. The market is currently trading around 57000. Here are the important key levels to watch. Resistance 1: 59200 - 61300 area Resistance 2: 66850 - 69100 area Resistance 3: 71600 - 73800 area Support 1: 52200 - 53000 area Support 2: 50500 - 50700 area Support 3: 46900 - 49100 area If the market closes below the Resistance 1 today, it will open a potential for a further bearish continuation ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDShort
by VasilyTrader
1
Bitcoin Bearish BreakdownThe recent analysis of Bitcoin's price dynamics on the Binance exchange, captured on a 4-hour chart, indicates a significant bearish trend. The price has notably broken below a dynamic support within a descending channel, punctuating a swift decline in market value. This descent is further emphasized by a failure to hold above the support around the 51K area, which was a previous gap level, suggesting a robust bearish sentiment in the market. Bollinger Bands show the price nearing the lower band, typically a marker of an oversold condition which could either predict a continuation of the current trend or signal a potential reversal if the market perceives it as too severe a drop. Trading Volume at 18.4K BTC highlights active participation, giving weight to the price movement. High volume accompanying a price drop usually confirms the market's commitment to the current downward trend. Simple Moving Average (SMA) positioned at 60480, with the price trading below this level, suggests a bearish outlook as it indicates that current prices are less than recent averages, pointing to declining market momentum. Stochastic Oscillator values (%K at 15.44 and %D at 13.24) below 20 indicate an oversold market condition, which might lead to a temporary rebound or continued selling if the bearish pressure persists. Relative Strength Index (RSI) at 28 also signals that Bitcoin is currently oversold, providing a potential for price stabilization or a minor recovery, depending on broader market sentiment. MACD further validates the downward momentum, with both the MACD line and the signal line deep in negative territory, emphasizing the strong bearish momentum in the market. This analysis underscores a phase of strong selling pressure characterized by the breakdown of key support levels amid significant trading volume and bearish indicators from both RSI and MACD. The current market scenario suggests cautiousness among traders and investors, with potential opportunities for those looking to capitalize on lower prices, should a reversal occur. However, the prevailing market sentiment remains heavily bearished, advising vigilance and readiness for possible continued downward movements.
by MonoCoinSignal
BITCOIN Sellers seem fully confident again. TIME TO BUY?Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic? The answer appears to be 'No' and in fact if anything, this is the time to add more quarterly buy positions. The reason is shown on this 1W chart. Compared to the 2014/ 2017 Cycle, Bitcoin has formed the exact Bull Flag that is currently in 5 times until its eventual top. Each time the Flag bottomed after breaking the 1D MA100 but never touched the 1W MA50 (blue trend-line) until the end of the Bull Cycle. Of course the (green) Ichimoku Cloud also supported below all the way to the top. It is interesting to also notice the 1W RSI sequence between the two Cycles. Both started with a Channel Up, which in the case of 2014/ 2017 it evolved into a Rectangle for the 2nd part of the Bull Cycle, with the price ranging from ovebrought (85.00 - 90.00) to borderline neutral (55.00). Currently the RSI is attempting to breach the Channel Up, thus flashing resemblances with the March 13-20 2017. But what do you think? Is this the time to buy BTC again on a Bull Cycle basis or the narrative will be broken and it will test the 1W MA50? 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
26
Bitcoin's Breakout Surge: Professor's Big Charts Revealed (2)🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟 📈 Live Analysis Incoming! Prepare for an in-depth journey through Bitcoin's latest surge as we go live on TradingView. Get ready for a session packed with insights and the unveiling of the Professor's big chart. Join us: Live Stream: www.tradingview.com 🚀 The Breakout Chart Breakdown Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K, 69K , and the ambitious $79K. 🎯 Stay bullish and watch as the charts unfold the story live! 💹 Historic Patterns: A Roadmap to $79K Reflect on the last breakout at $31,100 and its staggering rise to $46,000. Our charts have been the compass leading us to these profitable winds. Don't miss out as we dissect the potential climb to $79K, live! 🔍 Last Year's Chart: The Trendline Triumph Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together. ⏱️ Halving Cycles: This Time It's Different Every cycle writes its own story, and this one's no exception. We're approaching the halving with a market more aware and ready to advance. Tune in as we analyze why we might see an all-time high sooner than the previous cycles. 🌐 Join the Live Stream for the Full Picture There's much more to cover, from halving cycles to breakout patterns. Ensure you're part of the live session for a comprehensive analysis that could redefine your trading strategy. Catch the full live session and secure your front-row seat to Bitcoin's exciting journey: Join the Live Stream: www.tradingview.com One Love, The FXPROFESSOR 💙
Long
by FX_Professor
2
BTC's Path to $79,500 Post-Halving🚀 Breakthrough the Resistance: BTC's Path to $79,500 Post-Halving 💥 Hey Traders, The FXPROFESSOR is back, analyzing charts and bringing you the latest scoop from the crypto world. After an eventful time at the Dubai expo, it's time to dive back into the world of Bitcoin, especially post-halving. We've experienced a dip, partly influenced by the global geopolitical landscape, but it's crucial to focus on what lies ahead. My steadfast analysis, dating back to February 2023, still eyes that $79,500 level as the key resistance to beat. Right now, we’re eyeing an important mark on the chart: the ascending channel, which is currently posing resistance at approximately $68,430. Should Bitcoin break back into this channel, we're looking at interim resistance around $76,360, paving the way to our major target. But let's not rush. Understanding the halving's implications is essential. Typically, Bitcoin's halving events tighten the currency's supply, often resulting in bullish outcomes​ (Coinbase)​​ (Crypto.com)​. However, the context for each halving is unique, and the most recent one unfolds amidst a complex backdrop of market ETFs and global events​ (Bitpowr)​. Remember, the journey to $79,500 isn't just a number—it's about charting the course through each resistance level. Let's navigate these waves with precision and patience. For a deeper understanding of Bitcoin’s trajectory and the impact of halving events, explore the rich analysis available across several articles from leading crypto resources​ (links below). Stay tuned as we decode the signals and carve a path to our peak resistance. Take it one step at a time and let the market dynamics after the halving lead the way. One Love, The FXPROFESSOR 💙 Links: www.theguardian.com www.forbes.com www.coindesk.com www.cnbc.com www.forbes.com
BITFINEX:BTCUSDLong
by FX_Professor
2
BITCOIN Bollinger Squeeze attracting Bulls for 100k and above!Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call. The trend since the November 2022 bottom has been parabolic (green parabola) and thus is most efficiently displayed by the use of the Fibonacci Channel extension levels. After breaking above the 1.0 Fib on the February 12 2024 candle, the recent All Time High (ATH) in mid March 2024 broke even above the 1.5 Fib. Technically on the new Bullish Leg that is about to start after the current squeeze attracts as many buyers as possible, we should reach at least (most likely even break it) the 2.0 Fib. $110000 is a very realistic target under these conditions and we shouldn't neglect to mention also the BB Width (BBW) consolidating on its bottom, which again is related to high bullish activity and accumulation when performed on the BB green line. But what do you think? Is this squeeze about to make bulls accumulate and break aggressively to the upside? 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
8
Potential bearish breakoutBitcoin (BTC/USD) has made a bearish reaction through the pivot. Could this crypto-currency potentially extend the downtrend towards the 1st support? Pivot: 63,619.63 1st Support: 61,279.08 1st Resistance: 66,857.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
ICMARKETS:BTCUSDShort
by ICmarkets
Bitcoin: 60K Test Or Higher Low?Bitcoin has retraced but not back to the 60K major support which I wrote about in my previous article. Instead, it is in the process of establishing a higher low along with a bullish pin bar (see arrow). The current candle has taken out the high of the pin bar which can be interpreted as a signal for a swing trade long. IF momentum takes hold, it is within reason for price to test the 69K area resistance in the coming week (see illustration on chart). The key to capturing such a move is to WAIT for the current candle to close to effectively measure risk. What IF the current candle does not follow through? That scenario can be interpreted as a continuation of the corrective structure means the 60K support test is still possible. As I regularly remind my followers, this is NOT a game of forecasting the future, it is about identifying possibilities and WAITING for the market to confirm which path IT wants to take. Markets are HIGHLY random which means scenarios on both sides of the market should always be considered. In terms of the bigger picture, as long as price stays above 60K, it maintains a broader bullish consolidation. This price structure serves as a higher low which means there is a greater probability of a higher high to follow in the coming months (break of 73K?). A greater chance does NOT equate to a guarantee or a high degree of certainty. This is why RISK must always be measured carefully. How do we define risk? Using the current bullish setup as an example, one way to measure risk is to consider the pin bar low at 62,405. IF price takes this out and closes below it, the swing trade long idea is cancelled out. IF you are long from the 63,905 entry (pin bar high) then you are looking at approximately 1500 points of risk. You then have to consider this amount relative to your account size. For example if you have a 10K account, and you buy the equivalent of 1 coin, you are looking at 15% risk which is TOO HIGH for one trade. Typical risk should be around 2% per trade which means you should be risking ONLY $200 on 10K. You have to adjust your position size so that if you get stopped out at 1500 points, you only lose $200. Which for this example would be something like .125 of a coin. Risk can be gauged on many magnitudes and another thing to keep in mind is the risk on the monthly time frame. IF the 60K range low breaks some time next month for example that can signal a broader correction is likely to follow. Such a move can lead to a test of the low 50Ks which would be more attractive levels for investing. Again this is NOT something to "think" is going to happen, the market NEEDS to prove itself one way or the other. This time frame expresses a TON of risk for those who are investing heavily at current levels. When we first enter this game, we usually come with a lot of preconceived notions, "logic" and warped expectations as a result of consuming too much internet propaganda. When your emotions mix with this misinformation it is a recipe for the herd mentality. When you react to everything you see and hear, you are being motivated by greed and fear which means your outcomes will be no better than random. To start on the right path, tune out everything else and focus on learning how to assess RISK using technical analysis. If anything you will at least improve your ability to preserve your capital for when better opportunities appear. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
5
04/27/2024 - Watchlist, Stocks, Crypto - Video Idea - TA ChartsWatchlist, Stocks Indexes, Bitcoin, Crypto TA Charts by @NoFomoCharts 00:25 Watchlist and News 02:05 Stock Indexes 06:22 Crypto, Bitcoin, Altcoins Watchlist, SPY, QQQ, DIA, IWM. TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt, XRP/usdt. 04/27/2024, 08:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
by NoFomoCharts
Rebound for crypto?Bitcoin (BTC/USD) has made a bullish bounce off the pivot. Could this crypto-currency potentially rise towards the 1st resistance? Pivot: 63,619.63 1st Support: 61,163.87 1st Resistance: 66,857.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
ICMARKETS:BTCUSDLong
by ICmarkets
BTC Analysis, Chart is speaking itself !!! ✅LONGTERAM Road map of Bitcoin🍻 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!! ➡️the price now is making a pullback to the bottom of the descending triangle (which is shown in the picture) if the price breaks that important level we shall see a lot of increase in the price! ➡️A inverse head and shoulders pattern means a great bullish trend on the horizon (AB=CD). ➡️also Broadening Wedge it is another bullish sign. 🌟 Bullish signals are: -Head&Shoulder. -Broadening Wedge. - falling Wegde. -This is Longterm Analysis!!! -5th waves ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
4