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Bitcoin-btcusd

BTC possible scenarios#BTC had a nice run up and currently facing a resistance at 66676$ 1. For bullish trend continuation we should see BTC breaking up above the resistance at H4 , in this case the price will pump until next resistance zone at 70887$ . 2. Otherwise, high chances to see BTC testing support zone at around 64482 - 63474, where we can look for long position. 3. Bearish scenario would be if BTC closes below 63400$ on H4 TF, in this case BTC may test one of lower levels again: 60508, 59026, 57246
by vazitrades
I'm going to break the "Bitcoin"Hello friends, nice to meet you. Here's an amazing Bitcoin chart perspective today I always support your successful investment. I hope you do well with safe risk management. Go for it! Lowering the highs, the wave is moving in a downward trend. If you succeed in retesting after breaking the red downward trend line upward, you can think of it as open to 80.4K as a medium wave. Here we go!! Now we need to find a moment of rebound. We need to position ourselves in a position where we have good cost-effectiveness and profit-loss ratio so that we have a shorter loss range and a larger loss day. At the current position, on an hour-long basis, I think the upward divergence is emerging, which is the first condition for a rebound. The thing to watch out for in the upward divergence shown in the chart above is the push of the candle or the tail end of the candle In terms of small waves, it showed a form of raising the low point, but if the retest is successful after breaking the blue short-term upward trend line and closing the bell due to the power of the current sell-off, it should be seen that it can reach 57K once again. Summary: ■60810 The rebound must be achieved after overcoming the price to raise the low point in the sofa statue. ■1 hour-long RSI and upward divergence appeared. ■ If you succeed in retesting after breaking the red downward trend line of the 4-hour rod, it will be open to 80.4K on a medium wave basis. Bonus Chart The chart below is my most reliable long-term trend line. If the adjustment deepens, it could go down to the blue thick upward trend line (56.2K to 56.4K) Thank you :)
Long
by EAGLE_S_S
Bitcoin (BTCUSD) traders are still undecided Bitcoin EASYMARKETS:BTCUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:BTCUSD
by easyMarkets
Bitcoin's Dual Scenario Analysis 📊Bitcoin (BTC) currently presents two possible scenarios, each with unique potential outcomes. Here, we'll explore both without assigning specific probabilities to avoid bias. Scenario A: The Bearish Outlook 📉 In this scenario, Bitcoin is forming lower highs and lows within a small cycle. A descending channel could also be drawn if desired. For this scenario to activate, the price needs to consolidate below the $60,000 mark. Should this occur, a downward movement towards the $48,000 area may begin. Key points to consider: A knot at the $55,000 level on the 4-hour timeframe could potentially reduce downward momentum. The next critical support lies between $50,000 and $48,000. This range has acted as both a past resistance and monthly support, supported by Fibonacci retracement levels of 61.8% and 70.7% PRZ. I am not placing a buy order yet, as I need to be sure that this zone can indeed support the price and provide upward momentum. If this area holds and the market momentum reverses, I might adjust my analysis or wait for $65,000 before taking further action. Scenario B: The Bullish Outlook 📈 Following a break above $65,000, Bitcoin has formed its first higher high on the daily timeframe after three months. This is an early sign of returning bullish momentum. Risk-takers, particularly if Bitcoin's dominance is also rising, might consider entering at this point with a stop loss at $55,000. For a safer entry: Wait for a break above $72,000. The expected range upon breaking this level could be between $85,000 and $90,000. However, discussing these levels might be premature now. Important Consideration 🚨 Remember, no one can predict financial markets with certainty; these are merely scenarios. As traders, we must learn to live in the moment and react optimally to unfolding events. 👍 If you found this analysis helpful, feel free to like, comment, or share! For more insights, follow #Tradecitypro and #TCP. 🚀 🔖 Categories: Trend Analysis, Support and Resistance, Supply and Demand 📌 Stay tuned for updates, and happy trading!
by tradecitypro
14
BITCOIN starting a mega rally. See when alts will follow.Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks. Technically alts make that 2nd major Higher Low on their Cycle and rebound when BTC investors take some profits and direct a certain portion of capital to the riskier but more generous in terms of returns, altcoin market. So if you're wondering what to do next, be bullish on BTC and as the new rally extends, start taking profits towards August and make sure you're invested in alts. The lower their dominance is by then, the better. Do you agree with this approach? 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
2
Bitcoin: New Buy Signal Off 60K.Bitcoin has found overall support just off the 56K level (on my chart) and has rallied back to the 64K resistance only to retest the 60K level (see illustration on chart). This is the scenario I described in my previous article and price is now in an ideal location for a swing trade long on this time frame. Interestingly enough, my Trade Scanner Pro system generated a long signal upon the close in the 64K area which I warned people against taking. Now is the time to be using the system to look for longs on smaller time frames such as the 1 hour. When using this system (or ANY system) CONTEXT is key. Context comes in many forms, but when it comes to my trend following momentum reversal system, it is all about trend relative to support/resistance levels. These two components are ALL you need to identify higher probability signals vs. more random signals or noise. It is best to think of the signals as a form of confirmation. For example, the 60K area for Bitcoin is CLEARLY a major support level. While there is no guarantee long signals will produce an positive outcome from that level, there is a GREATER probability since price has reacted in this way MULTIPLE times over the previous few months. With or without a system, it is better to be looking for buying opportunities at such a level. The more important question is how much to risk? Typically on this time frame you are looking at about 1500 pts. based on the recent candle stick pattern. The Trade Scanner is showing even greater risk, but also a greater potential reward (TP is near 72K). Again,CONTEXT carries more weight in these situations. While 72K is a possibility since the broader trend is still bullish, it is better to expect less in a consolidating environment. Using the 64K, and 68 to 70K resistance areas would be better choices in my opinion which puts reward/risk between 2.5:1 to greater than 4:1. Expecting LESS means IF price reaches the first resistance, TAKE something off the table. It is very important to understand that markets are MOSTLY RANDOM (I repeat this A LOT). This means NO system or analyst can accurately forecast where price will be in the future consistently. Price is determined by the perception of the active market participants, which can be retail traders, institutions, algos, etc. And all of these participants buy and sell for numerous reasons. What drives prices one way or the other are when there are large imbalances in the order flow. This is why a piece of unexpected news can come out of nowhere and completely change the participants perception of the future. Just two months ago, Bitcoin was going to be at 100K by now based on what the internet gurus were forecasting. No one was calling for a test of 56K when price was pushing 73K. This game is about probability and risk, NOT about how "early investors will make billions". There is a misconception that investors outperform traders and if you comparing the average investor to the average trader this statement may hold true. The part they don't mention though is that investors ASSUME MORE RISK since they are always in the market. People who happen to buy at LOW prices will outperform, but what about the people who buy near the top? This is when the average investor typically buys because the market looks its greatest (and the internet hype is the loudest). To outperform the typical investor or trader, you still need to have a way to gauge context: how low is low? how high is too high? And these questions are ALL a function of how much RISK you are willing to take. Profitability comes from good RISK management which is rooted in gauging opportunities that carry a greater potential relative to the associated risk. And this can be accomplished by knowing how to evaluate CONTEXT. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
10
btc → stil need to touch the lower levelhello guys... I think the main trend still is bearish due to the last move! the 50% of the last downward movement seems an interesting area to get a short position until the price touches the 59k area! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
3
BTCUSD Analysis (12th May 2024) Crypto Analysis (12th May 2024) BTCUSD Analysis On the 4 hour timeframe, price has swept the liquidity at 64724.63 level and proceeded to create a CHOCH to the downside. The market followed through by creating another BOS after rejecting a 4 hour OB. There are 2 scenarios i am looking at right now. 1) Price retraces into the FVG and creates a 15 minute CHOCH to continue the sells towards the 57000 Level. Its important to ensure the CHOCH that happens with a body candle close, for extra confirmation. 2) IF price breaks past the FVG and takes out the lower high created, we would have a bullish CHOCH. and i will be expecting a break and retest of the CHOCH level at 63511 level before looking for buys.
BINANCE:BTCUSDShort
by CallistoFX