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BTCUSDT - Bullish Daily Cross ❕Hi Traders, Investors and Speculators of Charts📈📉 About a week ago, we took a look into the Technical Indicators of BTC and at the time, I concluded that it is MOST DEFINITELY the start of another bullish cycle, as seen here: Something that I was particularly focusing on was the daily bullish cross on the technical indicator, and that has since happened. In previous instances, the price of BTCUSD went up tremendously after such a cross was observed in the daily timeframe, as pointed out on the two dark charts. In other words, I am expecting more bullish price action for BTCUSDT with my first short term target being around $34K. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD BYBIT:BTCUSDT.P CRYPTOCAP:BTC.D
Long
by CryptoCheck-
15
Elliott Wave 5 Signals Lower Target, but Expects BTC Bounce As a cautious Bitcoin trader, staying informed and adapting your strategies is crucial. Based on recent analysis using Elliott Wave theory, Bitcoin's price appears to be entering the fifth wave of its current cycle. This wave suggests a lower target in the near term, which may cause some concern among traders. However, it is essential to note that the Elliott Wave theory predicts a subsequent big bounce rally. While we cannot predict the exact timing of these market movements, it is essential to approach this situation from a long-term perspective. Despite the potential for a short-term dip, the overall trend for Bitcoin remains positive. Cryptocurrency has repeatedly proven its resilience, overcoming various challenges and establishing itself as a legitimate store of value. Therefore, I encourage you to consider holding onto your Bitcoin investments for the long term, even after the anticipated dip. By doing so, you can benefit from the potential bounce rally that often follows such corrective waves. Remember, successful trading requires patience and a focus on the bigger picture. It is worth noting that market conditions can be unpredictable, and it is always wise to diversify your investment portfolio. While Bitcoin has shown tremendous potential, it is essential to consider your risk tolerance and financial goals when making investment decisions. As always, I recommend staying updated with trusted sources' latest market analyses and trends. This will enable you to make informed decisions and navigate the ever-changing landscape of cryptocurrency trading. If you have further questions or concerns, please do not hesitate to ask in the comments. I am here to support you on your Bitcoin trading journey. Remember, successful trading requires a long-term perspective. Despite the potential short-term dip, Bitcoin's overall trend remains positive. Consider holding onto your Bitcoin investments long-term, even after the anticipated drop, to benefit from the likely bounce rally that often follows corrective waves. Stay informed, diversify your portfolio, and make informed decisions based on your risk tolerance and financial goals.
BITSTAMP:BTCUSDLong
by bryandowningqln
Solid Monthly Candle & Momentum through Weekly Candle Closure↗️The Monthly closed strongly Bullish with a solid engulfing candle of the previous monthly candle. We closed above $29,243 Monthly resistance. Also we closed above the weekly timeframe Resistance level at $30,322. The Monhtly candle closed but we have not see the weekly closure yet. Into the close of the weekly candle I'm anticipating a bullish push to the Upside. Our massive liquidations on Friday I believe served as a catalyst for a clear path forward. Looking at the monthly candle we can expect another Higher High on the next candle since it's in an uptrend and that was confirmed with market structure during the close of March's Monthly candle. It's my belief that we will soon see our deeply feared $30,730 Daily Resistance Level act as a support for price.
COINBASE:BTCUSDLong
by ShrewdCatfx
Bitcoin -> Make It Or Break ItHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin is once again retesting major previous weekly resistance from which we saw a quite harsh rejection towards the downside at the $31.000 level. However you can also see that weekly market structure is still very bullish, Bitcoin is still creating higher highs and higher lows and there is always a higher chance that momentum continues so I am now just waiting for a clean break above the resistance and then I do expect another bullish rally. On the daily timeframe you can see that Bitcoin is currently not able to break above the strong resistance level so we might see another retest of the $29.500 strong support zone and then I do expect a bullish rejection away from the support area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
INDEX:BTCUSDLong
by basictradingtv
23
BTC the expected movement BTC / USDT BTC still struggling to break the major resistance at 32k ,And with micro strategy news today about buying more BTC (which was local tops signal in past, the probability for correction increased) All eyes on Key level : 29.5k …losing this level will increase the chance to test 28-27k levels and from there we expect a bounce to new bullish wave to our old main targets Invalidation: losing 24800$ will invalidate the short term bullish scenario If you like short term updates support this idea by rockets (likes) and share with me your thoughts in comment section below ⬇️
by Babenski
58
Double Top? -> ₿ $30,715 Price may appears to be struggling at our daily resistance Level $30,715. Price action appears to having a difficult time maintianing Bullish Market structure and creating a Higher High on the 4Hr timeframe. In our recent publishing we were anticipating a pullback as we transitioned into the new Weekly Candle. We got that as price pulled back to our nearest daily support level at $29,901. Can't expect much as a trader after quite the sizeable move from 24.5K last week.
COINBASE:BTCUSDShort
by ShrewdCatfx
2
BTC Bitcoin long but Bear Trap Below 25117 I divide this analysis in 2 parts: I.Technical Bullish scenario Bearish scenario Please read it carefully. II. Fundamentals I. Technicals Scenrio 1 Bullish : SO HOPELESS THE MARKET LOOKS; btc HAS ENOUGH ROOM UPSIDE AND IMPORTANT SUPPORTS TO DEFEND: dISCRIPTION OF THE SYMBOLS: fOR BETTER VISUALISATION i HAVE MARKED THE ARROWS AND USED SOME MOJIS. GREEN IS bULLISH RED IS BEARISH In Scenario 1 currently the market is bullish. 12 and 10 weekly trend is bullish, Daily TF is bullish 4 H is bullish 2H is bearish The current price is at Low volume area of the monthly profile which means that soon more buyers try to push the price. BTC is not finding much sellers at this area. The importance of FED meetings and the news of the last days have led some to take profit takings, and also some sellers took loses, that increased the volume of Selling orders. BTC must break the trendline successfully and with big volume.At 26613 I am expecting a bounce,that shall lead the BTC back to 25924.( 51% Fib). A pullback at this price must lead the price up, and from 26408 I will Buy BTC again.Target will be 28732 and above. So that way I make sure that I have 3 confirmations: First BTC braks trendline 2nd BTC bounces of the resistance 3 rd the pull bakc ha low bearish volume and the bullish bars have increased bullish volumes. All conditions have to met. Otherwise waiting for an new oppurtunity. Vice versa if short trend begins. Scenario 2 Bear Trap Bullish If Bitcoin breaking 25117 The Sellers are still short and have been in losing positions will try to accumulate. At 23733 POC 3Months The Bulls will instead distribute .This Zone will be very agrresive and volatile, coppy on the same time. As the Weekly and 10W trend is still bullish I will try to find the optimal buy oppurtunities, meaning I will go long only. Key levels will be 24285 and 23733. This is definitely a bear trap zone, as we have low volume and very unusual technical correction of the market, which is significant that Big speculators take profits or try to scalp down /See the Troyan Horse Shill)! TH Sellers will increase their power if the bulls lose this zone. From there the price will drop to 22825 22075 20754. At 20007(The lat bullish defended zone the Buyers wil try to agressively Push up the market.(Green Buyers Green Arrows) Any drop in 19000 area, and specially below 19333 will maintain the bearish trend, and from there the bears will agressively sell and short the market. Sell the Key levels. II.Fundamentlas 1. Bitcoin price has been a topic of great interest and speculation in the financial world, with investors eagerly watching its price movements for potential opportunities. Recently, an interesting development has caught the attention of both seasoned traders and crypto enthusiasts alike. According to Mikybull Crypto, there is a long-term chart feature that, if it continues to hold, could potentially lead to a significant upside for Bitcoin (BTC). In his latest analysis, the popular trader highlighted encouraging signs on the BTC/USD weekly chart, suggesting the possibility of a remarkable 60% surge in value. This potential surge would catapult bitcoin price to an impressive point of approximately $40,000. 2-Long-Term Chart Signals Potential Upside For Bitcoin Price With Bitcoin still confined within a narrow trading range it entered nearly three months ago, traders and investors find themselves in a quandary when it comes to predicting short-term price targets. The day-to-day performance of the cryptocurrency has failed to establish a clear trend, leaving $30,000 as a formidable resistance level hanging overhead. 3.n contrast to the standard head-and-shoulders pattern, which typically indicates a solidified resistance followed by a downward trend, the inverse head-and-shoulders pattern is a bullish counterpart. This suggests that Bitcoin may be on the verge of a positive breakout. Bitcoin (BTC) investors witnessed a lucrative month in May, as the world’s most renowned cryptocurrency showcased its resilience and delivered robust returns. However, in the face of the changing market sentiment, a looming legal battle threatens to cast a shadow over these gains. The ongoing Binance lawsuit has sparked concerns among crypto enthusiasts, raising questions about the potential impact it may have on their investments and the overall crypto market. As investors weigh the significance of this legal battle, the fate of their hard-earned gains hangs in the balance, making it crucial to understand the potential ramifications and devise a strategic approach to navigate the evolving landscape of Bitcoin investment. Impact Of Binance Lawsuit This recovery comes at a critical time for Bitcoin holders, who may anticipate a decrease in the profits they would have otherwise accumulated throughout this month. The impact of the lawsuit and subsequent market turbulence is likely to influence the profitability of Bitcoin investments in the short term. As the month of June unfolds, Bitcoin’s performance will carry heightened significance, particularly as it marks the end of the second quarter of 2023. The SEC Has Started an All-In Political Battle Over Crypto The Securities and Exchange Commission’s lawsuits against Binance and Coinbase this week have set up a high-stakes battle that will engage all three branches of the U.S. government in a competition for power, determine whether the crypto industry will decamp the U.S. for good, and define the future of digital money. The SEC’s aggressive actions against Binance, the world’s biggest crypto exchange, and Coinbase, the biggest in the U.S., are a big flex, one that reveals the agency’s extraordinary discretionary power. In saying “we don’t need more digital currency” in interviews following the announcements, SEC Chairman Gary Gensler suggested he truly does want to destroy the crypto industry.
CAPITALCOM:BTCUSDLong
by DaveBrascoFX