Another run towards the ATH?Bitcoin (BTC/USD) could break above
71,107.73 which has been identified as a pivot point and make an attempt to rise towards the all-time high (ATH). Could bullish momentum lift prices higher today?
Pivot: 71,107.73
Support: 67,992.93
Resistance: 73,843.75
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.
Bitcoin-btcusd
MY MINIMALIST CHART ANALYSIS FOR BITCOIN$BTC
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
09.07..22
2319H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20 or below
Bitcoin is also holding strong support at the 20k zone a zone of capitulation that held strong support last June 13.
1. Head and Shoulder has been confirmed when it broke the 29k zone. The neckline target distance should roughly be near the LARGE BLUE BOTTOM BENTO BOX. 1.5k to 9k zones.
2. On a DAILY Chart, The market has made a bearish fib retracement of 0.618, a MEASURED MOVE towards 9k-13K would also be a candidate for an ENTRY.
3. If it breaks the DASHED large yellow trendline and the 17k zone support, the market can easily go down to the next support zone at 13K.
I think, Smart money wants a REBOOT of 2018 and all is possible for the forecasted entries based on numbers and the character of the market now. Let us see how price action reacts on a DAILY chart.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
It's a Bird? It's a Plane? Nah, it's a Bat.This daily chart has me packing up my things and getting ready to run for the hills!
If we do break down from here and start to form some sort of Bat harmonic formation then I will be asking the age old question, "How low can we go?"
See my previous post below, which I think may end up reinforcing this on the weekly chart.
Could I be wrong? Of course, I mean, I'm a werewolf...I spend most of my time chasing my own tail!
Bark at me!
Owhooooo!
BITCOIN - My Thoughts on a Possible Topping Out Process...I've presented both a bearish and a bullish perspective. However, there are certain indicators I'm keeping an eye on that suggest the bearish scenario could unfold, which I'll discuss in more detail shortly.
For now, i'd like to share my reflections on the current wave structure.
If we haven't reached the peak yet, it's likely due to flaws in my wave count, which I intend to rectify in the coming days through further analysis.
However, for now, I aim to provide a broader perspective before delving into specifics. I prefer to observe without trading to gain a clearer understanding of our current position.
While other cryptocurrencies may indicate a peak, it's essential to remember that altcoins can peak before Bitcoin. I'll contemplate these factors before revisiting the intricacies of wave analysis to offer a more precise count.
Over the next 24 hours, I'll maintain a spectator role, closely monitoring the 60,757 level. I refrain from predicting tops and bottoms without corroborating price action to support my analysis.
BITCOIN (BTCUSD): Retest of ATH Soon! ₿
Bitcoin successfully broke and closed above a key horizontal resistance yesterday.
Look like bullish rally continues and the price will most likely retest ATH soon.
After a test of ATH, wait for its breakout. It will push the prices to new highs.
❤️Please, support my work with like, thank you!❤️
Bitcoin Long to $76,000I expect Bitcoin to push up again and create another new all time high in the coming quarter, topping out around the $76,000 - $82,000 mark. I think this next bullish move will be fuelled by the Bitcoin halving coming up in April. As the supply gets decreased, we’ll see new buyers come into the market.
This next bull move will trap early sellers and late buyers.
Can crypto resume its bull run?Bitcoin (BTC/USD) could bounce off a pullback support at 63,289.43 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher?
Pivot: 63,289.43
Support: 58,459.95
Resistance: 73,843.75
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.
Bitcoin H4 | Approaching 61.8% Fibonacci resistanceBitcoin (BTC/USD) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 68,500.04
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 73,817.92
Why we like it:
There is a swing-high resistance level
Take Profit: 60,545.45
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bitcoin: 73K Test Or Not?Bitcoin has peaked in the 73K Area which completed the 5th of the 5th wave. I specifically mentioned this in my previous article when I said "THE PARTY IS OVER". If you were fooled by the internet hype, you can only blame your own greed. Markets don't unfold in straight lines, they unfold in cycles and now we are in a corrective one. Let me explain what I am anticipating over the coming week in light of this scenario.
I have to mention that I have seen numerous videos showcasing tons of tables and graphs that show promising facts and figures. This is great for entertainment, but it FAILS to address RISK, especially on the short term. IF the underlying catalyst for the recent rally in Bitcoin is no longer in play, price can consolidate for weeks or months before a new catalyst comes along, and there is NO guarantee it will be positive. It is UNKNOWN, which is why it is better to get good at calculating RISK instead of indulging in dreams. I am not a pessimist NOR bearish on Bitcoin, I am realistic and FOLLOW the story of PRICE which I found to be the best way to gauge RISK.
Now let me explain my chart: the lower blue rectangle (58 to 60K AREA) is a high probability BULLISH reversal zone. IF price can test this area throughout the week, I will be looking for reversal patterns for a swing trade long. Profit potential can be estimated in the mid to high 60Ks. While ANYTHING is possible, I am not willing to bet on a higher high because we are likely in a corrective phase.
Currently, price is attempting to take out an inside bar for a swing trade long (break of 66K). What makes this less attractive is it is not in the reversal zone so I would consider is a 50% probability. The next leg higher may be the B wave which is the one that usually makes the lower high (see chart). Which means again, I would not expect the next leg to compromise the 73K area all time high.
The blue rectangle in the 70K area is the high probability BEARISH reversal zone. This is a good area to gauge profit potential or look for aggressive short setups. Buying in this area, ESPECIALLY for investors is HIGH RISK. The lines drawn on the chart illustrate one scenario (consolidation) that I am anticipating over the next week or so. Best way to navigate this is using day trade or swing trade strategies and waiting for a price action confirmation in a reversal zone.
Markets are motivated by greed and fear which makes movements IRRATIONAL. Most participants are not even aware of how their own motivations blind them to the liabilities of being part of the herd. In this game, opportunities are often found by exploiting the mistakes of others. To recognize those mistakes you first have to remove yourself from the mindset of greed which is at the root of these opportunities. You can begin by changing the information that you are naturally drawn to. Less logical "facts and figures" that are irrelevant in a game that is highly random, and more on the emotional patterns and tendencies that can only be expressed by price itself.
Thank you for considering my analysis and perspective.
BTC → Is it a continue pattern?!hello everyone...
I have seen a few analyses that suppose this pattern is a diverse pattern and the coin will dump soon!
but if you see this perspective you recognize the neckline is on the bottom line of the ascending channel!
I believe we should insist on a bullish trend unless the neckline and the bottom line of the channel will break down! so there is no reason for concern as far as the neckline works like resistance level!
as I mentioned before this kind of divergence is fake let’s hope this time will be fake too!
__________________________
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BTCUSD to 85KINDEX:BTCUSD is looking ready for another big move up.
Currently we are squeezing into the tip of a steep ascending wedge of which we failed to break the top of for now.
But when we do, its gonna pump hard.
Damn these last few months have been exciting to trade!
We bounced hard of that macro line (blue), which belonged to a large descending wedge we broke out of (20-01-2023).
I consider that validation we weren't going down anymore...
That big pump, is an impulse of that validation, so expect 2 more waves up, straight back into the price area Bitcoin belongs in. (Macro red top line to Macro grey bottom line)
I've plotted some similar waves onto the chart from similar moves on INDEX:BTCUSD to get an estimation on how price could flow through time.
Have fun trading! Keep SAFU and remember to be patient.
Cryptolean Bitcoin BTC UpdateBitcoin is lingering around the daily minor support at $64,360.
Between $59,920 support and $69,653 resistance is the daily range zone where we will see a choppy, sideways price action.
A bearish break-out of $59,920 will push BTC lower to $51,660.
Bitcoin has to move bullish and break through $69,653-$73,423 in the daily chart for another bullish extension towards $78,223-$82,353.
Boost once read!
Thank you.
BTCUSD: Buy dip to 60k. Target 73750.Bitcoin is on a Bearish Megaphone, so far supported by the 4h MA200 and with the 4h MA50 as Resistance.
The pattern is targeting straight the 59350 Support and 1d MA50.
A 1d RSI again on the 30.00 oversold level would be a clear buy signal.
That can even be the Right Shoulder of an underlying Inverse Head and Shoulders pattern.
Buy and target the 73750 Resistance.
Follow, Like, Comment below!
📈Bitcoin is going to rebound? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
In the 2-hour timeframe, Bitcoin is trying to stabilize above the 2-hour and 4-hour middle Bollinger lines.
The $69,500 level is an important resistance in front of Bitcoin, if Bitcoin fails to pass this resistance, a head-and-shoulders pattern scenario is likely.
Otherwise, above the $69,000 level, the Bitcoin scenario will change. (This analysis will be updated later)
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BTC/USD A possible head & shoulders forming pattern.Be aware of the next move, i still believe we are in a bearish downtrend as BTC broke a key structrue. But this could also happen before we will see a bigger retrace down to $48K. I think this will be healthy, then up in may. If we break down to GETTEX:48K sooner than may, I think may will be bullish. But if the market shift to bullish mode from now up to may, I think a major crash will take place in may and you should get out of the market. imo no financial advice.
BITCOIN Is $175000 so easy to achieve?Bitcoin (BTCUSD) broke its All Time High (ATH) this month, making history once again. The quest for the rest of the month is to close the March 1M candle above the previous ATH (69000). Why is this important? Because every time it did so in the past on each and every Cycle, the price never looked back and it entered the most aggressive part of the Bull Cycle: the Parabolic Break-out Phase.
This has coincided with the 1M RSI breaking above the 0.786 Fibonacci retracement level of the Fibonacci Channel Down. As you can see on the chart every time it did so, it reached (or almost) the top of the Channel Down (blue circle) while the price hit the 1.618 Fibonacci extension. During the first 2 Cycles the price went on even considerably higher than that (red rectangle) before the Cycle peaked, while the 1M RSI again hit the top of the Channel Down.
During the previous (most recent) Cycle though, there was no 2nd RSI top, as the price only marginally exceeded the 1.618 Fib with its 2nd top, in fact it didn't even close a 1M candle above it.
As a result, we may have a similar 'Double Top' Cycle this time also, but that's just the modest scenario. In any case the 1.618 Fib extension is now priced at $175000, which technically is a 'certainty' (if you can ever say that in investing) based on this historic chart and the Target of this Cycle.
But what do you think? Is $175k a given and if yes, will BTC surpass the 1.618 Fib for an even higher Cycle Top? Feel free to let us know in the comments section below!
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BITCOIN MEGA BULLISH WAVE REVISIONI'm hesitant to delve too deeply into this count, as it seems almost inconceivable.
Nonetheless, I remain open to the possibility that this chaotic scenario is far from over. My primary objective is to profit, irrespective of the market's direction.
If this move is only just beginning, then I accept that reality.
I'd rather not be the pessimist whose predictions lead to financial ruin, as that would mean missing out on potential gains.
Currently, I'll note that critical support rests at 64,528, with a target likely exceeding 100,000. However, I'm withholding final judgment until we gather sufficient evidence to validate this assessment.
Heading into resistance?Bitcoin (BTC/USD) could rise towards a resistance level at 68,816.14 which has been identified as a pivot point. Could price stall around this level before potentially making a bearish reaction to drop lower?
Pivot: 68,816.14
Support: 60,981.92
Resistance: 73,304.38
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.
Bitcoin H4 | Potential bearish reversalBitcoin (BTC/USD) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 68,500.04
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 73,817.92
Why we like it:
There is a swing-high resistance level
Take Profit: 60,545.45
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
BITCOIN - We Could Be In The Final Move Now...The current count is under scrutiny due to VRA surpassing previous highs unexpectedly.
This development challenges previous assumptions. My current hypothesis suggests that we're witnessing Wave 5 within Wave E, marking the final corrective phase of the entire correction cycle.
While my recent success in predicting the latest drop might seem fortunate, the manner in which it unfolded, resembling a zig-zag pattern, deviates from the typical downward movement of Wave (C). Instead, it resembles the conclusion of a Wave 4 correction. Initially, my target lies in breaking the highs around 68,250, potentially forming an inverse head and shoulders pattern, which is intriguing.
However, within the broader context of a head and shoulders pattern, this move would only contribute to the development of the right shoulder.
Bitcoin chart showing a large bearish and a smaller bullish H&S Bitcoin chart is showing a large bearish and a smaller bullish H&S pattern, wrestling over price action.
Who is going to win?
Merely technically speaking I would rather have a bearish bias.
This is no trading advice.
I use this platform for CMT training only.
Cheers!