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Bitcoin-btcusd

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.
BITSTAMP:BTCUSD
by MarcPMarkets
38
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💙💛
Short
by RocketBomb
8
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:
F
by WicktatorFX
10
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!
Long
by RLinda
11
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!
COINBASE:SOLUSDLong
by PathaanKhan
8
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. 
COINBASE:BTCUSDLong
by altsandislands
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.
Short
by AriasWave
1
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. ----------------------------------------------------------------------------------------------------------------------------- - 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 ). ----------------------------------------------------------------------------------------------------------------------------- - 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 ) ----------------------------------------------------------------------------------------------------------------------------- - 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. ----------------------------------------------------------------------------------------------------------------------------- - 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 !
by thecryer
4
In limboBitcoin (BTC/USD) is likely to extend its current sideways price action, fluctuating between the 1st resistance and the 1st support. Support: 61,521.91 Resistance: 71,672.15 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:BTCUSD
by ICmarkets
Is Crypto Winter coming to an end? 🐬💰💰Happy June everyone, We wish you and your families a nice summer. As we welcome the onset of summer this June, Bitcoin enthusiasts prepare to navigate the ever-fluctuating landscape of cryptocurrency. The arrival of summer often ushers in heightened Bitcoin trading volumes and increased market volatility, making June a potential hotspot for action in the crypto realm. Just as the summer sun radiates optimism, so too does this season seem to fuel bullish sentiment in the Bitcoin market. Yet, akin to a sudden summer storm, the volatile nature of Bitcoin is ever-present. Now let's look at the chart: 🌌The 'Flux Corridor Investors must ready themselves to adeptly traverse the 'Flux Corridor,' the notorious 28K-40K range. With June setting the stage, the season for critical observation, strategic planning, and potential growth in the Bitcoin world has begun. April's attempt to enter the Flux Corridor was incomplete as the price got a rejection at 31k and lies on support at 25,500. Will the debt ceiling rise decision in the US offer the price a boost into the 28k-40k range? This remains to be seen. 🐬The 'Summer Line' An ascending trend line with biennial significance in the Bitcoin landscape, has served as both Support (S) and Resistance (R) in the heat of every other past summers. In June 2019, it proved a formidable resistance, while by July 2021, it transformed into supportive ground. Intriguingly, if this pattern maintains its rhythm into the current summer, the Bitcoin price would need to ascend to approximately 42,000. This level not only perpetuates the 'Summer Line' narrative but also marks the upper boundary of the dynamic 'Flux Corridor', enhancing its importance in the ever-volatile journey of Bitcoin trading. 🌅⛵ From Mid-Wave Peak to Halving The ebb and flow of Bitcoin's market, much like the rhythmic dance of summer's ocean, is punctuated by significant events that we've marked as dolphins 🐬 and waves 🌊 on our chart. The dolphins represent Bitcoin's halving dates, marked with striking orange lines that symbolize significant turning points in Bitcoin's journey. These dates are critical, often ushering in shifts in the cryptocurrency’s value. Between these halvings, in periods painted cyan, we find the waves. These interim stages signify periods away from halving, where the price navigates through varying levels of volatility. As we observe Bitcoin's price fluidly moving from cyan to orange, it weaves a captivating narrative of transition and transformation within the cryptocurrency seascape. The chart serves as a visual beacon, guiding us through the dynamic currents of Bitcoin's market trends. Will the support stand at 25k and the Bitcoin temperature can rise or is the winter not over? One Love, The FXPROFESSOR 🗺️ ps. SEC starts the month with FUD attacks and historically those tend to be great times to buy:
Long
by FX_Professor
32
Bitcoin Bullish Cypher & Monthly Bull Div: Is This The Bottom?Since November 2021, the entire crypto market has been in turmoil, wiping out over 2 Trillion Dollars from the market valuation, fallout of high profile coins like TerraLuna, weakness in stablecoins, and an untold amount of scamcoins collapsing everyday, many are wondering when the pain & suffering will finally end, fortunately i believe that with Bitcoin at least the bear market might be wrapping up & is now in the earliest stages of the next bull cycle and here are a few major reasons why: 1. The break below 2017's all time highs around 19k was more than likely a fakeout to trap a lot of late shorts, resulting in the swift recovery we've seen in recent days due to a short squeeze. 2. For the longest time now a target of 18-20K was possible as bitcoin was in the mist of creating a Bullish Cypher Pattern, and the weekend dump finally allowed it to get to the PCZ. 3. Just like how Bitcoin had massive amounts of bearish divergence on the monthly timescale throughout 2021 before this recent bear market, it's now beginning to show signs of Bullish Divergence on both RSI and MACD as the price is making a significant higher low since March 2020's low of $3800. With all of this in mind, while there is still some fear, uncertainty & doubt aka FUD lingering in the cryptosphere, there is no doubt in my mind that Bitcoin is a lot more resilient than most people realize, and it'll be one of the first to rebound the quickest, with only 21 million coins where none can destroyed nor can a single additional coin be created, with a fairly stablized ecosystem, and slowly yet surely catching up to the competition with new upgrades, it's going to survive for decades to come, and this will be one of it's biggest tests yet of it's survival.
INDEX:BTCUSDLong
by CryptoGuy234
2
Bitcoin to $1,000,000, This is It. (Breakdown Explained) Well here we are, no recession? no rate hikes? what's going on?. The currency collapse is imminent that's what is going on while majority wait for a recession. No reserve currency has ever survived going past 121% Government Debt to GDP (what about USA in ww2?, this was the start of parabolic technology growth + decrease in spending + war debt repressions (forced). Government Debt + Interest will collapse the currency faster if the FED raises interest rates so this is not a possible outcome unless you want to roll the dice. CPI + Inflation has barely been tamed, FED balance sheet failed to reduce + BTFP. SPY (priced in USM2) has started a new bubble breakout (yes meaning it has just started). Japan raising interest rates means the carry trade is closing (people sell the US Bonds they bought with cheap JPY) adding artificial pressure on the US10Y market. FED raising rates at 121% Government Debt to GDP will send it to 200% faster than you can imagine, a recession? forget it can't be allowed to happen. Theory breakdown what happens next? FED unable to raise rates will start to introduce confidence lost in the dollar that will trigger loss in confidence in US bonds that will require YCC like WW2. When the USA has done this before it equated to the FED needing to get rates back to zero. The FED has an objective to save the US dollar above all means necessary, raising rates in a situation like this on paper makes sense but leads to to a accelerated debt cycle collapse. Jerome Powell's only option was to raise rates fast as possible strengthening the DXY as much as they can flowing all capital globally back into the dollar for risk management. Jerome Powell now must cut rates back to zero and initiate YCC on the US bond market, reinitiate Quantitative Easing to avoid any recession backstopping every market. Inflation must be allowed to run near 20%-100%. Large capital will see this event unfolding and run into assets like Bitcoin & Gold, we already see this and should understand why Spot ETF's and leverage ETF's were rushed to the market pre cuts. If the US bond market fails, global capitalism as we know it today fails. If my thesis was invalidated Jerome Powell would have started multiple more rate hike since I first mentioned this back in late 2023.
ECONOMICS:USCPILong
by FederalXBT
BTC at $70K: Break or Bounce?Reviewing Bitcoin's journey since 2020 , the trajectory has been predominantly upward on the weekly timeframe, depicting a strong bullish trend. In the first notable instance, Bitcoin reached an all-time high of around $64,000 in April 2021. This was surpassed by another high of approximately $69,000 in November 2021. Following this, the price underwent a correction, finding a bottom near $16,000 in November 2022. In the most recent developments, Bitcoin achieved a new all-time high close to $74,000 two weeks ago. Since then, a correction has occurred, bringing the price down to around $61,000, before it partially recovered to its current level of $68,880. Observations indicate a solid resistance near the $70,000 mark, and the price is trending within an ascending channel. Two significant support levels are identified at around $51,000 and $42,000, which have historically been points where the price showed considerable interaction. The price is currently near the upper Bollinger Band, suggesting a heightened level of market enthusiasm. This could potentially signal an upcoming period of consolidation or a minor pullback if the market perceives the asset as overvalued in the short term. The traded volume is substantial at 133K BTC. A high trading volume in the context of an upward price movement typically confirms the existing trend. The current price is well above the SMA of 59,000, indicating that the long-term trend remains bullish. The Stoch values (%K at 86.11 and %D at 84.06) are in the overbought territory. This could hint at the potential for a price correction if buyers begin to take profits. An RSI at 84.64 also suggests overbought conditions, reinforcing the possibility that the current bullish momentum might pause for the market to catch its breath. The positive histogram value along with a MACD line well above the signal line denotes strong bullish momentum. This is indicative of sustained buyer interest. In summary, the market's current sentiment is bullish, reinforced by technical indicators pointing towards a sustained upward movement. However, with the RSI and Stochastic Oscillator indicating overbought conditions, there's potential for short-term retracements. These could be viewed as natural market corrections within an overall upward trend. Despite the optimistic signals, the principle of caution remains paramount. The market has historically shown that resistance and support levels are critical junctures, and the areas identified at $70,000, $51,000, and $42,000 will be key to watch in the coming weeks. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
2
BTC on the way down to $62 000?Hello, dear friends!😊 Many of Yo are wondering if the Bitcoin correction is over. In my opinion - no, the correction could be deeper! ⚡️BUT! This is not a reason for concern; on the contrary, the price will take a breather for further growth.🚀 People are panicking, saying "Should I sell?😱" If you're not a short-term trader, selling now doesn't make any sense. If you want to make a medium-term trade, you should be buying the entire correction, as this way you will average out your purchase price! I think the price could drop all the way down to $62,400, and then we'll see how the price forms!💡 On today's chart, I provided an example of Bitcoin price behavior as various fractals, which often repeat!🔥 I would love to hear Your thoughts. 🫶How is Your trading going right now? What trades are You more interested in (short-term or medium-term)? 😊Let's get to know each other better! There are so many new faces, and we don't know each other at all :) You can always ask me any question; I'm always happy to answer, whether it's trading-related or not.😉 Thanks for Your attention,🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
15
Bitcoin and Triple Top Pattern 💥Hi, friends!😊 A few days ago, Bitcoin's price action strongly resembled a double top, but today it looks more like a triple top. It sounds like a joke, but no, let's discuss what the triple top pattern is.🧐 Triple Top Pattern is a popular chart pattern used in technical analysis to identify potential trend reversals in financial markets. By the end, you will have a solid understanding of this chart pattern and be equipped to make informed trading decisions. Spotting The Triple Top Pattern 🔺🔺🔺 Spotting the Triple Top Pattern requires carefully observing price action and chart patterns. Traders often use technical tools like trendlines, support, resistance levels, and oscillators to identify this pattern. The following steps outline a fundamental approach to spotting the Triple Top Pattern: Identify an extended uptrend in the price chart. Look for three consecutive peaks that are relatively equal in height and form a horizontal or slightly downward-sloping resistance level. Confirm the pattern by observing two minor pullbacks between the peaks. Analyze trading volume during the formation of the pattern. Decreasing volume can indicate a loss of buying interest. Here are a few key points to keep in mind when trading this pattern: Entry Strategy: Traders often wait for the price to break below the support level, confirming the pattern’s completion. This breakdown serves as a signal to enter short positions. Stop-Loss Placement: Placing a stop-loss order above the resistance level can help limit potential losses if the pattern fails and the price rises. Take-Profit Levels: Traders can set take-profit levels by measuring the pattern’s height and projecting it down from the breakout point. Additionally, support levels or previous swing lows can serve as potential targets. In conclusion, the Triple Top Pattern is a powerful tool in technical analysis that helps identify potential trend reversals in financial markets. By understanding its definition, working mechanism, spotting techniques, and trading strategies, traders can gain an edge in their decision-making process. However, combining the Triple Top Pattern with other technical indicators and performing a thorough analysis before making trading decisions is essential. Always manage risk effectively and adapt your approach based on market conditions. If You like what I do for You, support me with a 🚀 , subscribe to the channel, and stay with me! Thanks for Your attention🙏 Always sincerely with You💙💛 Your Kateryna💋
BINANCE:BTCUSDShort
by RocketBomb
3
BINANCE - Back Down To 200... Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise. According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction and now wave 4 appears to be a flat (or maybe a zigzag correction). If we pierce the highs, it's likely it's a flat correction. If we stay below the highs, it may be a zigzag. For confirmation that we're moving towards the 200 mark, we'll be watching for the break of the red trendline to indicate that bears have stepped in. It'll be a no brainer to buy around the 200 mark as we're expecting the next wave to reach above 1k! Goodluck and as always, trade safe!
BINANCE:BNBUSD
by WicktatorFX
3
BITCOIN hit a record 7 straight green months! NOT APRIL FOOL'S !Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row. What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved into a record breaking sequence. In fact, Bitcoin has only had 3 red months in the past 15, which makes the feat even more impressive! Being the lengthiest such bullish sequence in history, doesn't mean that the rally is over. In fact, we can argue that it has only just begun as based on the 1M RSI, which is trading within the 0.786 - 0.618 Fibonacci Channel range, we are on symmetrical terms relative to past Bull Cycles, where the price was on November 2020, February 2017 and February 2013. We can see that this is an impressive symmetry, and shows that we are at a point far from the cyclical peak. The previous 3 Cycles topped 12, 10 and 10 months from that RSI position respectively. If this continues, we can expect Bitcoin to rally for at least another 10 months before the Cycle peaks and the RSI approaches the Channel Top where we can gradually start taking profit! But what do you think? Does this impressive 7-month bullish streak still have at least 10-month fuel in it? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSDLong
by TradingShot
14