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Bitcoinidea

Bitcoin : Phoenix or Ashes at $5286 ? Bitcoin Life Cycle Part 1 Technical Analysis of the 91-Day Key Time Frame: Trend: Bitcoin is in an uptrend. 1. Pullback to the Blue Demand Zone: Currently, we are experiencing a pullback to the higher low of this uptrend, marked by the blue demand zone. Previously, blue dashed line was broken, indicating the lower high of the uptrend, leading to a significant bull run towards the 60k mark. 2. Anticipated Drop: According to basic trend analysis, pullbacks are expected. To support this view, running the VRVP indicator on the entire lifecycle of Bitcoin suggests even lower targets than what I claim based on my analysis. Your valuable feedback is appreciated, and I encourage you to follow and get updates for my daily ideas in the Forex market for the selected currency pairs that I prefer to trade. NOTE : Please remember to consider the time frame of each analysis to avoid any potential misinformation. Additionally, please note that every prediction shared is an idea for my personal reference. These predictions may have been previously posted or could be shared in the future. Thank you for your understanding.
INDEX:BTCUSDShort
by UnknownUnicorn14930146
BTC - Bearish for SHORT TERM🐻Hi Traders, Investors and Speculators of Charts 📈📉 After closely monitoring the market trends following our previous idea of shorting until the 25K support zone, it has become apparent that there is a notable increase in selling activity. Despite witnessing a decent rebound initially, it was met with an equivalent level of selling pressure, resulting in the price experiencing a downward trajectory with lower highs. Furthermore, it is crucial to take into account the occurrence of a multiple bearish patterns in the daily (short term) timeframe including a double top, Head and Shoulders pattern and Bearish M patterns. These technical chart-analysis patterns typically indicates a reversal in the price trend and suggests a bearish outlook for the short term. It implies that the market has made two unsuccessful attempts to surpass a certain price level, highlighting the presence of significant selling pressure and a potential decrease in investor confidence. NOTE that although I am still bearish for the SHORT term, I remain bullish in my macro perspective. ________________________________ From the Fibonacci Retracement Macro perspective, we can see the price is still in the upper resistance zone; right underneath the 1.618. What we DO NOT want to see from the monthly timeframe is a close UNDER the support at roughly $25K. This would drive the price down to find more buying pressure around $20K. BITSTAMP:BTCUSD COINBASE:BTCUSDT INDEX:BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT BITGET:BTCUSDT CRYPTOCAP:BTC GEMINI:BTCUSD BINANCEUS:BTCUSDT PHEMEX:BTCUSDT _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck
Short
by CryptoCheck-
35
[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle - This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish - The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ ) - Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it -We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here - The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone - Shorts target for June is ( 22,009 $ ) Weekly Zzone
COINBASE:BTCUSDShort
by ShrewdCatfx
3
Next week - High Potential buying zone on BTC BINANCE:BTCUSD CRYPTO:BTCUSD I'm continuing my analysis on the Bitcoin BTC/USD market, I'm expecting this high setup buying zone mentioned on the chart. As you can see, we're in the liquidity zone (trend channel), so I expect this channel to be broken and after filling the imbalance below, then the price will tap on the order block to go higher. I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC). Trade at your own risk. Follow for more
by lrabdo
1
Bitcoin Prediction- I have been saying that the support of trend lines corresponding to numbers 1 to 5 would be strong, so this is a good entry point to take a long position. However, I want to warn you not to trust it too much because this support line will likely be broken in the future. - Scenarios like numbers 1, 2, and 4, where the trend line is precisely supported and followed by an upward movement, should have occurred. - However, number 3 broke the trend line slightly and eventually dropped by about 2k. - Similarly, number 5 also broke the trend line slightly, so there is a possibility of a decline of about 2k. → Cut short if it surpasses 26,400 / Long buy between 23,700 and 23,400.
Short
by SPOONY1004
Don't Eat the Forbidden Fruit and Buy the High ❎The Market can do whatever it wants. The market may do as it wishes whenever it pleases. Like the wrath of a god. We are not gods. We are humans and not one of us is invincible. Therefore we must only take good Risk/Reward ideas. Buying up here is not a good RR Idea. Buying the High and chasing the market is Forbidden to professional traders. Just as Selling the low is. These are principles that the trader learns along the long and painful journey to profitability. This is how the Average man , through patience and diligence , may become the greatest of warriors. And line his pocket in ever-increasing quantities. Don't chase but allow the market to arrive at your level's. The latter has probabilities in favor.
BITSTAMP:BTCUSDShort
by ShrewdCatfx
6
3 Months timeframe view on bitcoin tells a lotwhile watching the market fluctuating on daily and H4 timeframes or even weekly seems to be a good idea for traders as a risk management precaution, people holding bitoin and hearing news about SEC suiting binance and coinbase for example might want to reduce their exposition and only hold a fraction of the current amount of bitcoin in their wallets, but thats of no sense ... scalling up to the 3 Months timeframe which isnt a commun timeframe usedby traders but it is used by long term investors to cut down all the noises , we can see that the market is clearly in an uptrend with a sharp ABC correction right on 78.6% retracement of the first bullrun which is a commun fibonacci relationship in 2nd and B waves , thats the nature of markets, and here on this chart we can clearly see that it is helpful to keep an eye on the big picture. People say bitcoin is dead, fundamentals are bad etc , no one said it's wrong, but there is one thing that goes above all the sayings in trading and financial markets in general : THE MARKET WILL DO WHAT EVER IT WANTS TO DO WHENEVER IT WANTS TO DO IT. If the market confirms this bias with some kind of buy signal thats your hint that a 3rd / C wave is unfolding, other wise we all know eliott rule number one: the second wave cannot retrace more than 100% of the first wave, from here its a game of patience and discipline .. nothing more .
Long
by IntraFinance