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Bitcoinbreakout

Bitcoin weekly chart. A hint at how its price may head very soon My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already. This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough. In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants. Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone. Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out. Good luck.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
DogeUsd moves up but watch 4 Bitcoins break above 76,522 Bitcoin is making a sluggish return to the long-side in trading today, so DogeUsd is following suit. But Bitcoins next leg-up is dependant on a Top2 system 'taking' and a BTCUSD move above price 76,522 should ensure Bitcoins next bullish move but also DogeUsd. My other pick at the moment is Cardona, ADAUSD which I picked Long at 0.33 & is now at nearly 0.39, however it's chart is indicative of much higher prices as Bitcoin Price Ascends further.
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
BITCOIN'S newest Bullish SignalI like to scroll through the higher timeframes periodically to look for patterns that simply won't 'jump out at you ' on the intraday. Bitcoin weekly chart, I see where the MACD line is currently making a Cross X up and through the Signal-line, that is a very bullish cross if it's sustained by further crossing and it's further confirmation of an imminent breakout. * Educational purposes and the latest Bitcoin alerts. But not for financial advice on timing of Long and Short positions for Bitcoin.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Best buy zone for Bitcoin's breakout / up to 12 months rally! You might've noticed Bitcoin is back on the brakes lately, a few green false starts here and there that turn out to be bull-traps for short term traders. But what if you want to accumulate Bitcoin BTCUSD over the coming weeks to really dig-deep in its price so that you are setup nice for its rally. Well some expert Bitcoin commentators are saying that it's price may have to wind back to 55,000 for the serious bull-bitcoin-buyers to return to setup and stage the rally. By the way, 55,000 price also coincides with the median daily buy order block you will see in my chart diagram. But the reality is that BTCUSD may not get that low again at the 55,000 level, now the Golden-zone Fib level from a Daily chart is about 57500 to 59500. Currently the Bitcoin price has bounced off the 200EMA to hold it up for now, but I think Bitcoin will wind back some more over the coming days into one of these bigger buy demand zones and it will happen very fast when Bitcoin will soldier on up to the 73,802 neckline which represents the breakout point of a 5 year massive cup and handle formation. Below is the big-picture Weekly, including the massive Cup & handle pattern.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
BTC Price Targets $44K & $15K - ETHBTC & BTC.DIn this video, we dive deep into the current bearish market structure Focusing also on ETH/BTC and Bitcoin Dominance (BTC.D). Understanding these key indicators is crucial for gauging the broader market trend and positioning yourself for potential moves ahead. We’ll start by breaking down ETH/BTC, analyzing the weakness in Ethereum’s price action relative to Bitcoin, and what this could mean for altcoins in general. Next, we’ll examine the Bitcoin Dominance (BTC.D) chart, which is showing a shift in capital allocation within the crypto space. This movement could signal Bitcoin's growing dominance as altcoins lag behind. Lastly, we discuss two critical Bitcoin price targets: the near-term resistance at $44,000, and the potential downside scenario to $15,000. These levels could define the next big moves for Bitcoin and the overall market direction. Make sure to watch until the end to get a complete picture of the market’s current state and how to navigate it! 🔔 Don't forget to like, subscribe.
Short
by SerenityEquity
Bitcoin Sells Off For Demand To Re-Enter:Next Move-Up Likely BIG I noticed on Friday at the NY close when Gold/Silver/Stocks, practically everything sold off as the VIX Index threatened it's climb & got to around 13% on the day. But as NY wound down around 4pm local time, I saw all the Crypto's starting to hammer into green zones. The main reason my feeling is that they had been beaten down severely in price & when price get beaten down, demand starts to increase and buyers swarm in. This is also supported on the higher time frame Stochastic's which I follow - call me old-skool but they tell me a lot. What the Oscillators are telling me about Bitcoin presently is that a further oversold condition needs to occur (only a tad tiny bit more) which is more than likely playing out right now. The demand which enters Bitcoin on this leg down when price gets too hard to turn up, will be a massive turn up in price for Bitcoin. Because of the laws of supply & demand and given that Bitcoin and Crypto are brutally oversold causing buyers to flood in commencing right now, it will be Bitcoin and Crypto that breakout in price way ahead of Silver and Gold in reference to the likelihood of an interest rate cut in just over 10 days time.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Good Breakout in BitCoin but two important resistances ahead. Bitcoin has given a breakout this week above trend line resistance but there are 2 important resistances to cross. These 2 resistances are 48061 which rejected further advance of Bitcoin vehemently and 51115. However things took slightly better for Crypto investors compared to last year as liquidity ease may commence with rate cuts happening (By US FED) later this year. (At least we expect that.). 43535 is now a good support for Bitcoin. I do not Invest in Crypto as of now and do not recommend the same but this message is for analysis purposes only. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Long
by Happy_Candles_Investment
Bitcoin Emergency Analysis! Failed Triple-Top, Breakout Now!Bitcoin is attempting to break out of Weekly Resistance right now! My previous analysis showed a potential triple-top playing out which did bring us down to $35,700. That bear breakout was immediately erased and the price rocketed back into the bull channel. How do we trade this? If you're not already long from the $36,000 area, don't long just yet because this 4HR candle has not closed. Never trade a candle that hasn't closed yet, it could turn into a bear signal in an instant. If this candle closes on or near its high, consider a long with a stop loss just below the Weekly Resistance line. If a bear signal bar plays out, wait for a confirmation bar closing on or near its low below the Weekly Resistance and set a stop loss just above the resistance line. A reasonable first take profit target is $36,000 at the minor trend line, then the 200EMA below that around $35,000. Key Points 1. Bear Breakout of Bull Channel Failed! 2. Triple-Top Reversal Pattern Failed! 3. Still in Bull Channel, Remain Long. 4. Bull Breakout Attempting Now! 5. Wait for this 4HR Bull Bar to Close above Weekly Resistance. 6. RSI near 70.00 Level, Weak Indicator, Worth Noting. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSD
by TraderEngineering
BTC TRIANGLE BREAKOUT WILL IT CONTINUE?Last week, I published my idea about the next massive move of BTC as it enters the crucial stage of the triangle in this chart of BITSTAMP:BTCUSD At 8 AM ET, we saw a price breakout of BTC from the near 2-year-long diagonal resistance. This leap happened upon the "breaking" news of SEC approval of the iShares Bitcoin Spot ETF application. The coin reached its price of nearly $30,000 before it was deemed to be false. That causes it to go pump-and-dump and notice that the price movement is still above the resistance as it stabilizes after that hype, which shows the demand from the market as well as respecting the trendline that could potentially be the new diagonal support line of BTC from a technical perspective. But be mindful that ETF approval news could happen anytime this week and, let's be aware with our trading positions at this time, set areas for stop profits and stop loss because although we're in a slightly bullish trend, we are embracing the world of cryptocurrency, volatilities is observed at any given time, thus invalidating our technical analysis. Take something with a grain of salt. My next strategy would be a potential bounce play of the coin on the trendline at the $28,000 range. I'm optimistic that the SEC won't deny the Bitcoin ETF applications and consider the false information and the latest market manipulation as their excuse. If denied, we could expect a breakdown from the diagonal line. Happy trading :)
BITSTAMP:BTCUSDLong
by luigi360swirl
Bitcoin Wants To Dump Further After a RetracementBTC/1H after breaking the downwards parallel channel , we bounced back at ~23.7 (blue up trend line) and started to goin up for a liquidity grab ( might touch the white horizontal line or pink trendline) After that it will continue back down to 21.7 or even ~20500. Dont foget bitcoin pumped when NY stock market was consolidating so we have lots of fake pump to remove detailed explanation on Ive decided not to record videos due to low mic quality. new mic will arrive friday night. Please Follow,Comment,Boost if you find this video informative.
Short
by pcmonk
Bitcoin is breaking the daily trend channel.This has not been confirmed yet and wait for the candle to close under it. It can be a fake out to end long positions. Stop losses in all trades. We get confirmation this week.37150 to 37550 wil be the next support level of btc After a three day break in the market tonight, we can see the direction of the market. Due to the weakness in the uptrend, I expect a price correction in the most important demand area in the $ 30,000 range. The second scenario is market support from the channel and trend line and up to 50,000. Bitcoin emissions from exchanges have accelerated.
by TheMarketHunters
1
Will BTC Break 45K!!?BTC is looking great here we are currently sitting underneath the 0.6 FIB level at 44447$ and we are looking for a potential break to the upside. The good news is that we broke out of the bullish triangle and aswell as the descending channel. A break above 45K is going to be massive achievement in the short term for us and will add some big bullish momentum, aswell as take out a massive resistance level! Now something that is very bullish is the bollinger bands, we had yet another daily close ontop of the top band which can trigger some big momentum and shoot us up, Continuing to close ontop of the top band will increase our chances of seeing that big bull momentum so this is definitely something to watch! Now lets look at the squeeze momentum indicator, we are seeing another increase in our daily green bars and we are currently in the squeeze release portion of this indicator the most explosive part (shown by the black crosses turning white) the thing we are looking for here is the continued increase in green bars each day, if we begin to see these decrease we could be looking at a little downside to come! Not massive downside i should point out, a possible few days, but we will have to see, we must watch aswell for the green bars entering into the red zone below the midline, if we see a bearish squeeze this could lead to more of a significant downside. Now the ADX is looking very positive here, we are coming down off a long downside but we are starting to see a very gradual but healthy reversal it seems like, what we want to see confirm is this downside to keep rounding off into the start of an upside! Will continue to update as we move forward! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
Bitcoin Near-Term BreakoutVolume continues to be light relative to 2021 as BTC set ATH's in the spring & fall, risk of BULL TRAP is not off the table. Bitcoin has recovered the 50 SMA on the daily and is pushing through the 20 SMA on the 3-day chart. Looking for a strong close on the daily as $BTC found support on the 3D SMA. Near-term, with some volume, expect to see a test of resistance at $46.2k, if flipping $46.2k into support, next resistance will be $50.8k. Macro-environment and broader traditional markets appear to be shrugging off tightening monetary policy in the near term; however, a strong jobs report and upcoming FOMC meeting in March are risks to bullish continuation. CPI report is due out end of this week, resulting in additional potential headwinds... watching this closely is prudent.
INDEX:BTCUSD
by R0MM3LL
Bitcoin breakout from falling wedge patternYesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge an hour ago. I think it's safe to enter into a long side trade at the retest of wedge pattern with target1 as 42000 and target2 as 46000 .
Long
by KbL_