Bitcoin-btcusd
Bitcoin- Still asking for 80kAfter breaking above the symmetrical triangle on Monday, BITSTAMP:BTCUSD dipped once more, just to reverse again strongly yesterday above the critical 70k, leaving a nice Piercing Pattern on our daily chart.
71-71.5k still holds the key for further growth and when (or if) bulls clear that zone the road is clear for new ATH with a focus on 80k figure.
Bitcoin (BTC) likely to selloff shortly after the 4/20 halving.Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of. If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the halving that's going to liquidate many traders who joined the party a little too late and will be major profit-taking for those who got in early, using the euphoric buying as exit liquidity.
Be cautious!
Good luck, and always use a stop-loss!
Bitcoin wave analysis 2023 - 20242023: sideway in range $16k - $30k to form A-B of B of 2
2024: go up at least $48.5k to form C of B of 2
Wave analysis details:
Bitcoin has started sub-wave orange A of white A of yellow B of 2
Since sub-wave yellow A of 2 has 3 swings (A-B-C), so wave 2 is flat correction which sub-wave yellow B has to go above 61.8% of A (around $48.5k)
Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows.
As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern.
Additionally, it seems there is a bear flag pattern formed in which the price currently lies in.
Timeline for the dump and the upcoming bottom is about two weeks.
Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture.
Candle
I expect the retracement to start within the next 48h.
Bitcoin on 1h chart by RB🚀Hello, dear friends! 😍The halving is approaching, and anything could happen in the market, that no one can predict. 🔴Don't enter trades with large capital!! ❌It's better not to trade at all, than to be caught off guard by a huge fake candle!👎
Remember that the market could experience a significant drop before the halving or unexpectedly skyrocket to the heavens. 💥At the moment, it's evident that the breakout from the triangle was fake.
⭐Most likely, we will test the lower boundary of the triangle, and the price could reach 67,000 or even lower.📌
In any case, these are just my assumptions, and You should only enter trades, that You are confident in, and now is definitely not that time!⚠
Stay tuned, and I'll try to provide timely updates on the situation ✉
I want to remind You a few of my previous charts, that still have the potential to play out: Take them not as a call to action🙅♀️, but as one of the possible scenarios!
Thanks for Your attention😊
Yours sincerely, Kateryna💙💛
BITCOIN $BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOINBITCOIN BITSTAMP:BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOIN
BUY/LONG ZONE (GREEN): $71000 - $83000
DO NOT TRADE/DNT ZONE 1 (WHITE): $68500 - $71000
DO NOT TRADE/DNT ZONE 2 (WHITE): $63000 - $68500
SELL/SHORT ZONE (RED): $52000 - $63000
Weekly: Bullish
Daily: Bullish
4H: DNT
The DNT zones are separated into two and can also be used to create expanded zones for the bearish and bullish areas. The zone is split at the 68500 level because this holds structural impact on the lower timeframes and is roughly where price should create a new support level at for the ascending triangle pattern that can be seen on the Daily timeframe down to the lower timeframes. Whether price further creates bullish support or breaks through the level and down into the bearish area, the 68500 level is my main trend determination for the lower timeframes. The ascending pattern can also be seen on the Weekly but is more so shown as a tight range and does not show as much detail as the Daily and 4H pattern did.
My main focus for looking for entries is going to be on the 4H timeframe and try to follow the chart pattern of the ascending triangle, whether it respects it or breaks it.
The bearish target was determined by where previous bullish momentum had started, about a 17% drop from the start of the bearish area.
The bullish target was made to roughly match the same percentage distance as the bearish target, which is where the 83000 level came from.
Previous CRYPTOCAP:BTC analysis is linked below!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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BITCOIN consolidating around ATH = Mega BUY!Quick comparison of Bitcoin's (BTCUSD) current Cycle to the one in 2014 - 2017, which is the one that has been most tightly correlated to and as you can see by the charts below, we have spotted since January 2023, right at the market bottom:
The current consolidation around the previous All Time High (ATH) region is a clear buy signal, in fact based on the 2014/17 Cycle, it is the last we might get before the Parabolic Rally (green) phase starts.
As you can see both Cycle's started with a Falling Wedge leading to the bottom, then the Accumulation Phase as soon as the price broke above the 1W MA50, leading to the 1st take-off Phase to test the ATH.
The 1W RSI will mostly stay overbought from now on until the top of the Cycle, which is not the essence of the current idea, but we expect it to be at least at 200k. The 1W MA50 (blue trend-line) should continue to support until the Cycle Top.
But what do you think? Do you expect BTC to start the parabolic rally phase shortly after the Halving which is around a week's time? Feel free to let us know in the comments section below!
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Bitcoin's Triangle Dilemma! 📈📉
Hey traders! 😊Ever felt the thrill of a breakout looming? Today, we're diving deep into Bitcoin's current triangle situation. Let's navigate through potential scenarios and craft our strategy for the upcoming ride!
Bitcoin's stuck a little bit. Will it break out upward or downward? The suspense is killing us!No fear! We've got a plan for both outcomes.
🔍 Spotting False Alarms
False breakouts are possible.🤨 Learn how to sniff them out like a pro!Haha😎
We'll wait for clear signals before diving into action. Patience pays off, my friends.
📈 Up We Go: Riding the Bull Wave
If Bitcoin decides to break out to the upside, we'll be ready. But not without confirmation! We'll wait around $71K, to confirm the breakout before riding the bullish wave up to $77,500.😆
📉 Downward Bound: Surfing the Bear Trend
But hey, what if it's a bear's world out there? No worries! We'll watch for that crucial confirmation around $63K before shorting our way down to $58,900. Bears, you're not scaring us today!Boooo🐻
🚀 Halving Hype: Brace for Impact!
💡Don't forget, traders! The halving event is on the horizon, and it's bound to shake things up. Get ready for some serious movement as the halving draws near. Exciting times ahead!💪
Get ready, friends The breakout is coming, and we're prepared for whatever the market throws our way. Share your thoughts and join the conversation in the comments!
Subscribe to stay updated!🫶
Thanks for Your attention💋
Sincerely yours, Kateryna💙💛
BITCOIN is about to rally hard on Dollar collapse.On this chart you see Bitcoin run against the DXY, which is the U.S. Dollar Index.
On every single Bull Cycle, when the DXY forms a Channel Down, BTC rallies on its Cycle most aggressive part.
The DXY is currently getting rejected on a Lower High, being inside a Channel Down since September 2022.
This shows that we are again on that part of the Cycle when BTC is about to start the aggressive parabolic rally.
Stay bullish until the DXY reverses upwards again, which happens when the Channel Down breaks to the upside.
Follow us, like the idea and leave a comment below!!
📈Quick BTCUSDT Setup using Bollinger Band📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders.
In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
Otherwise, the downward scenario begins.✍
Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍
Which scenario do you see as the winner in the current structure?💥
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
BITCOIN Resistance Ahead! Sell!
Hello,Traders!
BITCOIN went further up
Recently but the coin
Will soon retest a horizontal
Resistance level of 73,784$
Which also happens to be
An all-time-high and from
Where I will be expecting
A local bearish correction
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Bitcoin- Are new ATHs still on the horizon in the near term?Since reaching the recent all-time high (ATH) near 74k in mid-March, BITSTAMP:BTCUSD has corrected to the 61k zone support and has begun consolidating thereafter.
Despite significant volatility over the past three weeks, the overall outlook remains predominantly bullish, offering reassurance to medium to long-term holders.
Furthermore, upon examining the daily chart, it becomes evident that this consolidation is gradually narrowing, forming a symmetrical triangle, which typically signals continuation. Additionally, following the breach below the interim support at 68k on Tuesday, the subsequent reversal has resulted in a Morning Star candlestick formation, while yesterday's NFP report provided further evidence of bullish momentum with a Pin Bar candle.
At the time of writing, the price has returned to the 68k median level, showing determination to retest the 70k mark once more. To confirm a new upward trend, bulls will require stabilization above 71k, at which point, the measured target for the triangle pattern around 80k comes into focus.
My bullish stance persists as long as the price remains above the 62k zone.
Bitcoin: The Halving Range.Bitcoin appears to be in a consolidation (see converging lines on chart) as the halving event nears. Makes sense, especially since events like this tend to be "buy the rumor, sell the news". There is no way to know how Bitcoin will react going into the halving because there are many factors in play, often too many to effectively act upon. Many like to resort to history, but history does NOT repeat itself exactly the same way every time. The illustration on this chart shows the scenario that I am anticipating for the coming week.
As of now, IF 68,850 is compromised, a new swing trade buy signal will be in effect on this time frame. IF the consolidation stays intact, then it is not likely to go very far (71K area resistance). This means a better way to participate is day trade with low expectations. I repeat that a lot because MOST of the time, there is little to no opportunities on the larger time frames that make sense in terms of the associated RISK. Sure you can enter at any price and it MAY go your way, but how much risk are you taking? Big wins with high risk = unsustainable account performance (exchanges, forex dealers, prop firms and casinos LOVE this idea).
Another way to capitalize on this consolidation is to WAIT for supports to be tested such as the 66K and 64K levels. If 64K is compromised, a test of 60K becomes much more likely which would extend the range of the consolidation. Upon testing such levels, waiting for confirmation before entering is key because markets are HIGHLY random and there is no guarantee supports hold.
Technical analysis helps to develop a plan, evaluate risk and manage expectations. It is NOT a method to forecast the future as many believe. Anything can happen, any time, all it takes is an unexpected piece of news. The information I provide here is to help you operate under a realistic set of expectations as defined by historical MARKET structure, NOT how I feel or think. Realize that this is actually a game of information. Whoever has the best information will profit from the majority of participants who "believe" they are acting on useful information.
As a short term oriented trader, I am not trying to be "right". I am trying to gain insight into areas of price behavior that may offer a greater probability of a positive outcome. In other words looking for price action clues that point to repetitive behaviors that I can capitalize on.
Let that sink in before consuming another Youtube video featuring a rocket ship.
Thank you for considering my analysis and perspective.
Solana 🔻Hello, fellow traders! ☺️Today, let's delve into the world of Solana on the hourly chart to determine the short-term perspective!💪
It seems that the price has started forming a descending channel. If that's the case, then a few hours ago, the price bounced off the upper resistance and will move towards the support, which is the lower part of the channel, at levels $166 - 162.🔻
😌If you're keen to learn something new about channel trading strategy, I'll leave the link below for you to explore further.
Subscribe to stay updated!🫶
Thanks for Your attention💋
Sincerely yours, Kateryna💙💛
FANTOM - Bulls Are Done. Bears Coming In!Following on from our last analysis of Fantom, we closed our long setup with over 200% gains!
We are now looking to take Fantom short. On the higher timeframe, we are in wave 2, which is an ABC correction. We are now looking for wave C to take Fantom down.
Trade idea:
- Safe entry on break of red trendline
- risk entry on lower timeframe trendline break
- tight stops above the highs when either entry trendline breaks
- Targets: 0.17, 0.07
Please note that we have confirmations in place in order to tell us whether we're in wave C and to confirm our short idea.
Goodluck and as always, trade safe!
See our previous setup below:
BNXUSDT → Stronger than BTC? How will this affect growth? BINANCE:BNXUSDT is forming an interesting pattern. A symmetrical triangle is formed on the chart and after shaking from below the price strengthens and breaks the resistance, which in general prepares the coin for further growth.
Technically, BNX is feeling better than BTC and looks strong enough to continue growing.
The price is breaking through the resistance of the 0.6200 range and is consolidating above this line on the low timeframes, while the cryptovalent market is in correction, following bitcoin, which is updating local lows.
If the bulls in BNX keep the price above the previously broken triangle and above the 0.6200 level, it will cause further gains towards 0.74 and 1.0
Resistance levels: 0.6200
Support levels: triangle resistance, 0.5663
Technically, the coin has the potential for further growth. We are waiting for consistent actions from the bulls with the purpose of realization
BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2
Regards R. Linda!
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself.
Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future.
So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA!
I hope to see this coin thrive in the future. Todays price is not tomorrows Price!
The future is Blockchain!
Happy trading lovely people. Stay safe.
Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk!
BITCOIN DESTINED TO BUST | 83K+ TARGETCRYPTOCAP:BTC is in a clear multi-week symmetrical triangle pattern, consolidating between the low 70s and low 60s. Many traders seem to be preparing for a move downward, but I think we will see the opposite.
Bitcoin has bounced on the lower trend line of the triangle pattern, confirming a third touch. Bitcoin is also back above its long-term uptrend support line after losing it for the past few days. Institutions are also piling on shorts for Bitcoin, and we have seen a clear trend in this bull market—that overleveraged players will get wiped out. Their shorts are our fuel to pump.
Wait for a breakout, and then 80K+ is the short- to medium-term target.
BITCOIN - My Thoughts On This Price Action Plus More...When I take my time to compose my posts, it typically indicates that I'm engaged in background analysis. Through experience, I've come to understand that when one's mind is solely focused on trading, important factors can be overlooked. Instead, I've adopted a habit of conducting thorough analysis. Currently, I've identified a potential long-term count for Bitcoin that suggests we may be at a peak.
In presenting this perspective, I offer various clues to support this notion. However, the most significant indicator is the prevailing pattern at the market highs, which indicates a probable downward movement in price. Ultimately, the decision to act on this analysis hinges on one's trading strategy and risk management approach. While certainty is elusive in trading, the observable price action at the highs provides compelling evidence to consider a short position.
After reviewing the accompanying video and examining the evidence presented, I invite you to share your thoughts by leaving a comment below.
Bitcoin Counter WickoffEverything is in Graph. if you don't know about Wickoff Strategy, i invite you to DYOR it.
- i will try to explain you how to counter Whales/institutionals as small retails investors
- of course this method can be adjusted with your portofolio, i just made it very simple to make peoples understand how to invest wisely.
- This Chart is based on the Money you don't need for living!
- if you use this method correctly and adapt it to your portofolio, you will always restart a new cycle with more money.
- if you look at the chart closely, you will understand that i didn't use higher points to take profits and keep always 10,000$ in Market, so this chart is based on human mistakes and not much greed.
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- in this method we starts with 10,000$ invest as exemple.
- Take profits 2 Times, keep base investment in market ( because we don't know the real potential Top ).
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- The Second Phase is waiting for the Dip and buying back
- Re-inject Money 3 Times in the Dip and Wait for market recovery phase ( because we don't know the real potential Bottom )
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- if the bottom was a mistake and BTC fall down more.
- just invest slowly what you don't need for living and be patient, BTC is fundamentally poised to go up.
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- This method can be done with 10$ - 100$ - 1000$, no matter money because everything is based % invest and Time.
- Remember that your management is the most important, if you don't manage your money correctly, Tears will come.
"You have to believe that you are the one who creates your success and also that you are the one who creates your mediocrity".
Happy Tr4Ding !