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Bitcoin (Cryptocurrency)

Crude oil is extremely bullish.I see a very similar market structure in crude oil’s big picture as in the early days of Bitcoin. People will say, “But what about electric cars?”—yet few realize that over 6,000 products are made with oil. Not to mention, long-term oil use isn't going anywhere, even with the rise of electric vehicles. I believe oil is actually very undervalued and has been repressed for many years. It can't be held down forever—a big upward move is pretty much inevitable. As always, stay profitable. - Dalin Anderson
BITSTAMP:BTCUSDLong
by High_Altitude_Investing
Bitcoin - The Bottom Is In!Bitcoin ( CRYPTO:BTCUSD ) is reversing right now: Click chart above to see the detailed analysis👆🏻 It was really just a matter of time until Bitcoin actually manages to create a potential short term and longer term bottom. With this monthly candle, bulls are taking over again and starting to buy cryptos quite heavily. The chart just tells us that this is not the end, but rather the continuation. Levels to watch: $70.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
12
BTCUSD: The 1W MACD Bullish Cross eyes $160k.Bitcoin is on excellent bullish levels on its 1D technical outlook (RSI = 67.904, MACD = 4228.900, ADX = 24.411) and even better on 1W where the MACD just formed a Bullish Cross. All such formations since October 2022 led to at least a + 72.93% rally from the moment of the formation. This suggests that Bitcoin's next high on this Channel Up pattern can be around $160,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTC - Will we repeat last year price action?Bitcoin (BTC) has recently been trading within a relatively wide range, fluctuating between the $108,000 and $74,000 levels. Over the past several months, the asset experienced a notable decline from its local high of $108,000 down to a low of around $74,000. However, since reaching that bottom, BTC has been on a recovery trajectory, climbing back up toward the $106,000 region as of May. This rebound has brought renewed optimism to the market, but the key question now arises: is this upward momentum sustainable, or is it merely another temporary relief rally within a larger consolidation phase? To evaluate the potential sustainability of this move, it is insightful to compare the current price action with that of exactly one year ago. In the same May period last year, BTC was also trading within a defined range, between $73,000 and $56,000. The pattern that unfolded then may offer clues as to what might happen next. At that time, Bitcoin formed a double top, a classic technical pattern that often signals weakening bullish momentum. This structure developed over two distinct peaks, let's call them Point 1 and Point 2. Following the double top formation, the market began to retrace, initiating a decline that led to the creation of Point 3. This low established a key trendline, marking the beginning of a longer-term structural setup. After bouncing from Point 3, BTC managed to rally once more, approaching a new all-time high but falling just short. This rally formed what can be referred to as Point 4, and notably, this occurred in May, exactly where we are now on the calendar. However, this attempt to break to new highs ultimately failed. The market lost momentum, and BTC turned downward once again, culminating in another test of the established trendline. This next low, which we can label Point 5, occurred in July and served as the third touchpoint of the trendline, reinforcing its significance. Fast forward to the present, and it appears that Bitcoin may be following a similar structural path. The current price action suggests that Points 1, 2, and 3 have already been formed in recent months. The bounce that we’re witnessing now could potentially be developing into Point 4, mirroring the rally seen last May. If history were to repeat or even slightly rhyme, we may be approaching a local high, after which the market could face renewed downward pressure. Such a move would align with a third touch of the longer-term trendline, potentially occurring in the coming months, perhaps around July, just as it did the previous year. Furthermore, this prospective downside move would also serve to close a daily Fair Value Gap (FVG) that has remained largely unfilled, a technical factor that many traders are currently watching. In summary, while the recent price recovery in Bitcoin is encouraging, a closer examination of past market structure and recurring seasonal patterns suggests caution. The market may be setting up for a local high in May, followed by a potential retracement that would once again validate key support levels and trendlines. Whether this scenario plays out in full remains to be seen, but the parallels with last year’s behavior are worth noting for any trader or investor closely monitoring the charts. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
BITSTAMP:BTCUSDShort
by Youriverse
64
Bitcoin Is Final Stages Of A Bullish CycleBitcoin is still bullish and the rise looks impulsive on the monthly chart, but cyclically, we are in the late stages of a 3-year bull run that can end this year, ideally around October 2025. There’s actually still about 5 months of a bullish trend to complete 35 monthly bars, like in previous bullish cycles, so we may easily see more gains this year from a technical perspective. Next year we should be aware of a bear market that can last at least 12 monthly bars or one year.
BITSTAMP:BTCUSD
by ew-forecast
btc . wednesday . may . w3yesterday . no LONG - only at bigger retracement - didnt come . no SHORT - as 10pm (UTC+2) has recently been a little unpredictable today - wednesday - LIQUIDITY + VOLATILITY ?! . no SHORT - as we are nowhere price opportunity wise + BULLISH outlook . yes COMPOUND LONG . I had wanted to see the drop towards 2pm (UTC+2) - run yesterdays NewYork low and push up . didnt happen, but as I was waiting for the level, I had limit orders prepared of which 4 triggered during LondonSession . additional little compound now prepared at 103622 - LPOC + VWAP - bullish continuation . price is consolidating and momentum of this week is turning to the upside - bearish continuation . see a rejection here at dOpen + wOpen . have price loose its cwLow . catch everyone of guard (unlikely by the outlook, but neverless)
BYBIT:BTCUSD.PLong
by Dartagnones
2
TradeCityPro | Bitcoin Daily Analysis #91👋 Welcome to TradeCity Pro! Let’s dive into the Bitcoin and major crypto index analysis. As usual, I'll go over the key triggers for the New York futures session. ⏳1-Hour Timeframe As you can see, Bitcoin made a bullish move yesterday after breaking above 102,882 and reached as high as 104,866. ✔️ After hitting 104,866, the price failed to break this resistance and got rejected, pulling back to retest 102,882 with a wick. ✨ As long as the price stays above 102,882, I consider the market momentum bullish. I still hold my long position opened around 85,000 and plan to open another one if we break 104,866. 📈 So the best long trigger is a clean breakout above 104,866. The next resistance is 106,247, which makes the 104,866 breakout a bit riskier due to proximity to that major supply zone. 🔽 For short setups, the first trigger is again 102,882. If the price forms a lower high below 104,866, a breakdown of 102,882 could justify a risky short. 📊 Personally, I’m not opening any shorts yet since higher timeframe trends are bullish. My first valid short trigger would be a breakdown of 101,628. 👑 BTC.D Analysis Bitcoin dominance continues to fall and has now reached the 62.07 support level and is reacting to it. 💫 If 62.07 breaks, we could see another bearish leg down to 61.34. 🔼 For BTC.D to flip bullish, we first need to see the descending trendline break and then look for confirmation and a long trigger from that. 📅 Total2 Analysis After breaking through 1.24, Total2 moved up to 1.26 and is now pulling back to retest 1.24. 🧩 If 1.24 holds and the price breaks above 1.26, there’s a strong chance it continues toward 1.31. This would confirm a long setup for altcoins. 🔔 For short positions, the only valid trigger for now is a breakdown of 1.18. 📅 USDT.D Analysis Tether dominance faked a breakdown below 4.51 yesterday but has now bounced back above it. 💥 Currently, we should wait for the price to retest 4.51 again and reassess that support. If it breaks down cleanly, we’ll get confirmation of bearish momentum for USDT.D, which would support a bullish trend in the broader crypto market. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
2
Technical Analysis of Bitcoin (BTC/USD) ON BINANCE + TRADE PLANTechnical Analysis of Bitcoin (BTC/USD) Market Trend and Chart Structure: The price of Bitcoin is in a consolidation phase as shown in the descending channel pattern formed by the resistance and support lines. The market is moving within this range, but there is a strong possibility of a breakout to the upside based on the bullish divergence forming on the indicators and the overall market sentiment. The chart also shows Bollinger Bands (BB), which are in a squeeze, signaling a potential breakout. Typically, this indicates that volatility is low, and the price could move sharply in either direction once the bands break. Key Indicators and Signals: MACD: The MACD indicator is showing a bullish crossover, which indicates the possibility of a trend reversal to the upside. RSI (Relative Strength Index): Currently at 45.78, indicating that the market is neither overbought nor oversold. This suggests that Bitcoin is in a neutral zone, but with bullish signals from other indicators, an upward move seems likely if momentum continues to build. ArtY Money Flow Index: The Money Flow Index is showing green bars, suggesting that capital is flowing into Bitcoin, which supports the bullish outlook. Stochastic RSI: The stochastic is in the oversold region (currently at 14.99), which usually signals a potential reversal to the upside. Resistance and Support Levels: Resistance: The primary resistance level is located at $105,705. A break above this level would indicate a strong upward move. Support: The primary support level is around $101,600. If the price reaches this level and holds, it could act as a potential bounce point for a reversal. Trading Strategy and Plan: Entry Strategy: Buy Entry: Enter a long position if the price breaks above the $104,700-$105,705 range, indicating a breakout above resistance. A confirmation from the MACD and RSI would add strength to this signal. Stop Loss: Set a stop-loss order at $101,000, below the key support, to manage risk if the market reverses unexpectedly. Target/Exit Strategy: Take Profit Target: A good target is at the $110,000 level, where Bitcoin could face another resistance. A more aggressive target could be at $115,000, but this would require a continuation of the bullish momentum. Trailing Stop: Use a trailing stop as Bitcoin continues to move upward to secure profits if the price continues to climb without retracing. Risk Management: Maintain a risk-to-reward ratio of at least 1:3, meaning you should aim for profits that are at least three times the amount of risk you take. This will ensure better risk management in case the market reverses unexpectedly. Monitor the market sentiment closely. Bitcoin's price movements can be highly volatile, so being ready to adjust stop-loss and take-profit levels is essential for successful trading. Bitcoin is showing positive signs of breaking to the upside, with support from key technical indicators such as bullish MACD crossovers, oversold stochastic levels, and a neutral RSI. It’s essential to monitor the breakout above the $104,700-$105,705 level, which could signal a strong upward move. However, traders should use proper risk management techniques, such as setting stop-loss orders and managing position sizes carefully. Always stay updated with market news and adjust your strategy based on any significant news or changes in the overall market sentiment.
BINANCE:BTCUSDLong
by elfabiiani
1
BITCOIN making the FINAL PUSH! Only 6 months of BULL left!Bitcoin (BTCUSD) has had n astonishing symmetry among its Cycles in the past 11 years, as all three of the Bear Cycles have had identical durations (13 and 12 months twice) as well as the two Bull Cycles (both 35 months). As a result, there is no reason to assume otherwise for the current Bull Cycle as well, which if it also lasts for 35 months, it will peak in October 2025. This means that BTC might 'only' have another 6 months of Bull Cycle ahead of it but that's not bad news as historically this phase tends to be the most aggressive part. Even if it's not, various studies we've done before point out that a price around $150k would be more than fair and practically a 'pessimistic' scenario for the Cycle High. Do you think that will be the case? 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
7