Get started

Bitcoin-btcusd

BITCOIN - The Dreaded Update...Our last Bitcoin analysis caused quite the stir... Understandably those that are holding Bitcoin would want to see it moon BUT we would rather be cautious and mark out any other possible scenarios that may happen and would allow us to buy into Bitcoin more before it moons. Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat and so this 335 Flat correction appears to fit this bearish scenario. We are expecting 5 waves down for Wave C. The best place to enter Shorts would be once we make the wave 2 correction. We'll have a tight invalidation level present and have incredible room to drop, allowing us a big risk to reward ratio. Our bearish scenario invalidation level sits at around 74k. We'll remain bearish as long as we stay below that level. Once we see the wave 2 correction, we'll be sure to update you guys! Goodluck and as always, trade safe! See below for our previous analysis.
INDEX:BTCUSD
by WicktatorFX
9
Last Support for BitcoinToday Bitcoin has hit the last level of Support for the Bullish Trend that has persisted since October 2023. This comes after making a new All Time High but failing to truly capture the prior All Time High by closing decidedly above it on the Weekly/Monthly. The Level in question price has hit is a medium-significance Volume Profile level from the bullish trend. Volume Profile has had incredible efficacy in predicting the inflection points of Bitcoin during the last few months. The significant levels above the current price action are: $62k Support to Turn Resistance $51.8k Support It is important to note WHY this is the "last Support" for Bitcoin here at $51.9k. In the near future I will publish a video about Bitcoin and the Daily Ichimoku cloud as an update to past talks about this method of analysis. TL;DR following the Daily Ichimoku Cloud for trend analysis with Bitcoin is superior to just HODL and I will prove it. For now, price is NOT bearish. In fact, the bullish trend is contained by the cloud just as it was in January 2024. However, if price moves down to the NEXT Support at $51.8k it will invalidate the bullish trend flipping it bearish. It is likely price will respond to that support but by then the bullish trend of 2023-2024 will have ended. Price must hold here at this Support and then it can recapture the cloud to resume to Bullish Trend. This is a highly decisive moment in Price action today.
INDEX:BTCUSDShort
by norok
1
ALT SEASON can start as early as next week and this is why.We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating. Using Bitcoin's Halvings as a measure to separate pre and post-Halving phases, we can see that in the past two Cycles, alts have made a dump within the green zone following Bitcoin's Halving. On this Cycle however, we see that very same dump having started since late December 2023, while Bitcoin rallied aggressively, which is in our opinion attributed to the ETF anticipation and then launch in January 2024. It is therefore very probable that this was the alt market's 'post-Halving dump'. In any case, Alts have reached the bottom of their usual Bullish Megaphone that is historically formed when they bottom. It is therefore very probable to see the new Alt Season, which is when alts rally parabolically and naturally more aggressively than Bitcoin, starting as early as next week. What do you think? ------------------------------------------------------------------------------- ** 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
Resistance at 38.2% Fibonacci retracement?Bitcoin (BTC/USD) is rising towards the pivot. Could this crypto-currency stall around this level before potentially reversing to drop lower towards the 1st support? Pivot: 60,618.00 1st Support: 56,802.43 1st Resistance: 63,834.96 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 on 4h chart by RB🚀Hello, friends! Today, I wanna share with You my short-term analysis of Bitcoin.👇 Note that the price has broken through the purple 🟣 and the orange 🟠triangle. Currently, the price is attempting to test the resistance level 60 000 (the lower triangle line) and it's likely that we'll see a price decrease to the levels of 56,000. If we fail to establish sufficient support at this level, the price decline will continue, and we'll witness 54,500 and a sharp dump to 52,000. If You found my analysis interesting, hit the 🚀 and subscribe, and I'll be delighted to see You in the comments under my posts. Thanks for Your attention🫶 Sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
4
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