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#Bitcoin - thoughts out loud #11Good evening, we are from Ukraine! The current situation has several options. Market participants should expect both a long scenario and a price decline (in my opinion, this is more realistic) to test the supply with a subsequent markup of the asset. That is, the price has been in the range of 29500-31500 for 16 days, and next week will confirm whether it is accumulation or distribution. In any case, professional operators will arrange an artificial price reduction for the hike upwards (3 percentage points are marked on the chart). The instrument should show strength in price: 1)28700 - 28800. 2)26700 - 26800. 3)20700 - 20800. If there is no activity of professional operators at these prices, it is possible that the price will fall even lower. Thank you all for your attention, I wish you success. Sometimes you win /sometimes you learn . #Bitcoin
by WVitalievich
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