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Bitcoin - Are planets aligned part 2 ?The precedent forecast has worked like a charm even if I almost lost faith with that bear trap Inv H&S With left shoulders ~129 days Head is 84 days (150% is 126 days so kinda harmonic lol) All that delimited buy touching 200 MA 1H ! there is a downward momentum at the moment on BTC, If we take another 129 days like shown on the graph, from early May, 200MA 1H that I drew will coincide with, the line of the channel we broke 3 days ago AND the bottom of the left shoulders Basically something more interesting than what's happening now could happen in 2 days Cheers
COINBASE:BTCUSDLong
by Investwine
Bitcoin can make correction movement to 48900, exiting of rangeHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago made downward impulse from resistance line of the pennant to 41500 support level, which coincided with buyer zone. After this movement, BTC some time traded near this level, after which in a short time price broke this level and declined to support line of pennant. Then BTC turned around from support line and started to grow to 41500 support level. Soon, the price broke this level one more time and continued to move up to the resistance line of pennant, and after reached this line, BTC fell to the support line and then made a strong upward impulse to 48900 level, which coincided with the support area, thereby exiting from the pennant. In a short time later, price broke 48900 level, made retest and rose a little higher, but a not long time ago it started to trades in range, where price continues to trades to this day. In my mind, Bitcoin can decline to the bottom part of the range, then make little movement up, after which continue to fall to the current support level, thereby exiting from range. For this reason, I set two targets, first target at the 50600 level, and second - at the 48900 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
#Bitcoin - thoughts out loud #19Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Having familiarized myself with the market situation on the younger time frames, I can note several key points of the situation that need to be paid attention to. First of all, the current decline in volatility on the first cryptocurrency indicates that the "spring" is narrowing and should soon shoot. The false distribution phase is coming to an end, so I expect a successful spike test or the last point of resistance, as it happens, if one of the signals is present, this is a 90% long scenario and then we will see how easy it will be to stop this locomotive. Secondly, in the case of a true distribution, the price should break the local highs above 32000 and then we can safely talk about Bitcoin at 27000, possibly even cheaper. This is a short action plan in a few words, thank you for your attention, all the best. A like or a comment would be the best thank you from you. To those reading, I wish you all the best of luck! Thank you for your attention, and a special thanks for your likes and comments. Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
Bitcoin 34min. short Daily Signal is long BTC Bears Target Sub-$26,000 on SEC v Binance and Ripple Battles BTC was flat this morning, with regulatory uncertainty stemming from the SEC lawsuits against Ripple, Binance, and Coinbase testing buyer appetite. The market structure and momentum of Bitcoin was bearish, but its bounce back above $26k gave bears some food for thought. Bitcoin’s correlation with the S&P 500 turned negative over May. This meant that the index has an overall bullish outlook, but Bitcoin has trended in the opposite direction in recent weeks. The increasing hostility from regulatory bodies in the United States has played a part in BTC’s misfortunes on the price chart. There was an argument to be made that Bitcoin showed some signs of recovery. Yet, an analysis of the price action showed that the bias remained in favor of the sellers. On the other hand, if Bitcoin climbs to $28k, it could signal an uptrend. Can the bulls drive Bitcoin past $27.4k next? The market structure of Bitcoin on the daily timeframe was bearish. The structure shifted on 21 April when BTC dipped below a recent higher low. Since then, the price has trended lower on the chart. Moreover, the trading volume has been extremely low from April onward, compared to the volume seen in February and March. This was reflected on the OBV as well, which only went slightly lower in May in contrast to the rapid gains it posted in mid-March. The Fibonacci levels based on the recent leg down show that Bitcoin was likely headed toward $24.8k. The 61.8% extension level at $23.3k was also a target it presented. The price action showed that the $24.2k-$24.4k region could serve as strong support. Beneath that, the $22.4k and $21.5k levels were important. To signal a bullish shift in the structure, Bitcoin prices must rise back above the recent lower high at $27.4k. Yet, an uptrend would not be established there, as BTC would need to form a higher low and continue higher. Cautious investors can wait for this turn of events before looking to buy. On Saturday, BTC extended the winning streak to three sessions, gaining 0.67% to end the day at $26,535. SEC v Binance news delivered a breakout morning session before profit-taking left BTC with modest gains. The technical indicators turned bullish, signaling a return to $27,000. On Saturday, bitcoin (BTC) gained 0.67%. Following a 2.92% rally on Friday, BTC ended the day at $26,535. Significantly, BTC enjoyed its first three-day winning streak since May. A mixed start to the day saw BTC fall to an early afternoon low of $26,202. Steering clear of the First Major Support Level (S1) at $25,523, BTC rose to a late morning high of $26,857. However, falling short of the First Major Resistance Level (R1) at $26,882, BTC eased back to sub-$26,500 and a range-bound afternoon session. SEC v Binance News Delivered Brief Relief On Saturday, news of Binance striking a deal to address the SEC’s motion to freeze Binance US assets supported a breakout morning. Binance, Binance US, and the SEC agreed on a deal restricting access to customer funds to Binance US employees. The agreement prevents Binance Holdings staff from having access to private keys for US wallets. The SEC filed a motion to freeze the assets of Binance US shortly after filing charges against Binance, Binance US, and Binance CEO CZ. On Saturday, the US Court signed off on the deal, which allows Binance to repatriate all US customer funds and private keys onshore to nullify the motion to freeze. While the news was positive, Binance US and Binance face charges that could drag on and further impact the US digital asset space. Uncertainty toward the SEC v Ripple case remains another headwind, with optimism of a Ripple win fading after the release of the Hinman speech-related docs. The Day Ahead It is a quiet Sunday session, with no US economic indicators to provide direction. The lack of external market forces will leave BTC in the hands of the crypto market news wires. SEC activity remains the focal point, with SEC v Ripple, Binance, and Coinbase (COIN)-related news likely to move the dial. We also expect market sensitivity to lawmaker chatter. US lawmakers have remained silent on the William Hinman speech-related documents and the SEC charges against Binance and Coinbase. Bitcoin (BTC) Price Action This morning, BTC was down 0.05% to $26,523. A mixed start to the day saw BTC rise to an early high of $26,551 before falling to a low of $26,410. BTC Technical Indicators Looking at the EMAs and the 4-hourly candlestick chart (below), the EMAs sent bullish signals. BTC sat above the 100-day EMA ($26,269). The 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA, sending bullish signals. A move through the 200-day EMA ($26,654) would support a breakout from R1 ($26,861) to target R2 ($27,186). However, a fall through the 100-day EMA ($26,269) and S1 ($26,206) would bring the 50-day EMA ($26,059) into view. A fall through the 50-day EMA would send a bearish signal. Resistance & Support Levels R1 – $ 26,861 S1 – $ 26,206 R2 – $ 27,186 S2 – $ 25,876 R3 – $ 27,841 S3 – $ 25,221 BTC needs to move through the $26,531 pivot to target the First Major Resistance Level (R1) at $26,861 and $27,500. A move through the Saturday high of $26,857 would signal an extended bullish session. The crypto news wires should be crypto-friendly to support an extended rally. In the event of an extended rally, BTC would likely test the Second Major Resistance Level (R2) at $27,186 and resistance at $27,500. The Third Major Resistance Level (R3) sits at $27,841. Failure to move through the pivot would leave the First Major Support Level (S1) at $26,206 in play. However, barring a risk-off-fueled sell-off, BTC should avoid sub-$26,000 and the Second Major Support Level (S2) at $25,876. The Third Major Support Level (S3) sits at $25,221.
CAPITALCOM:BTCUSDShort
by DaveBrascoFX
WHY I’M BULLISH AND BEARISH ON BTC TOP DOWN ANALYSIS ON BTCUSD Bitcoin have shown some signs of bullish trend(remember this market have been in bearish trend ever since the weekly Double Top + Head and shoulder pattern neckline was broken). And you know when this patterns are form on a higher timeframe it’s a sign of strong reversal. In as much am still bearish on Bitcoin i will taking short position(without holding for long) to take Profit on the neckline of 31k - 33k. The reasons for this is that, BTC have broken the counter trend line and retest, we could see a move to the up side coming weeks. Note: ⚠️ ⚠️⚠️⚠️⚠️⚠️⚠️⚠️ Remember the Head and shoulder pattern on the weekly timeframe once it retest on the neckline of 31-33k, then we find a selling opportunity. From there BTC come could fall below 18k which is the next major Resistance zone that could turn support zone.
INDEX:BTCUSDLong
by Money_Pips
‘Max Pain’ Bitcoin Faces $9,100Since the asset has maintained its position of over $18,000, it has fallen by more than 6% over the last week. When Bitcoin reached a peak of $20,071 on Sunday, the bears firmly rejected the recent gain. The Federal Reserve's aggressive rate hike campaign worsened the previous decline. Since then, BTC has fallen precipitously, but it is still firmly above the $18.5k support level. At the time of reporting, the asset's price was $18,719, a decrease of 5.25% from the previous week. A well-known Bitcoin analyst believes that Bitcoin (BTC) has not yet touched the bottom because he predicts a drop to $9,100.
BITSTAMP:BTCUSDLong
by DEinvestment
BTC ends horrifying June as $20k resistance dashes hopesBitcoin price analysis just got more confusing as June 2022 comes to a close. The entire crypto market is looking at the damage caused to the major coins in the past month. The price of Bitcoin has seen extreme movement ranging from $32,000 to a low of $17,500. The traders, both bears and bulls, found many opportunities to trade but the long-term investor has lost most worth. In fact, the entire crypto market has seen new lows which have not gone down well for the crypto sentiment.
COINBASE:BTCUSD
by henryartem