BTC DAILY ANALYSIS
After shift market structure and rejection of ob ans fvg we will see a continuation to taken liauidity buyside we will see BTC in a new price
- Tading is probability control your risk management.
Good luck !
Bitcoinlong
BTC Long Target 74KFormations of the triangle are starting to reveal it's with the next long target being 74K
BTCUSD WEEKLY ANALYSIS Hello trader here is my setup of Bitcoin as you can see the price has broken the resistance zone that was tested 2 times and the price has done a pullback to that resistance zone so now it will act as support at this stage I am only looking for bullish opportunities only.
BTC IS JUST SHAKING YOU OUTDON'T GET SHAKEN OUT. You just need to know that, and i think it's enough. Bitcoin is testing your patience, and it can probably drop a bit more before a strong upside moves that will lead the price above $75.000. Every dip is now an awesome gift, and doesn't matter how deep the price can drop now, we are going up and we will reach new ATH in some weeks/months
BTC from hereSince my last update, Bitcoin has successfully defended the range lows, and importantly reclaimed the mid-range where we currently trade just under $70,000 at the time of writing. From here we would want to see if the bulls are still in control - below is my take on where we could venture next.
Bullish Scenario
Prices hold and push for the range high’s. We could then see new all-time highs. There may also be a further move back to the range midpoint before the market moves higher.
Bearish Scenario
Failure for bulls to hold prices at these levels, as we are now at levels not seen since mid-April. Price moving below the range midpoint towards $66,000.
Bitcoin looks set to rally above 60kWe all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term.
Volume retreated with prices since the March high, which is a typical characteristic of a retracement. Yet a final stab lower found support at the 100-day EMA, 38.2% and 50% retracement levels before a mini V-bottom formed. This also coincided with RSI (14) hitting oversold, which I define as below 40 during an uptrend.
The prices have since retreated lower from the rally back above 65k, and showing signs of stability above 60k. The retracement held above the 61.8% Fibonacci level and are now holding above the 50% level.
Bulls could enter live at market with a stop below 60k (or recent swing low) with an initial target at 65.5, a break above which brings 68k into focus - or the highs near the high-volume node.
BITCOIN analysisHe has not given any signal in the above time frame! He can collect the stops and then climb. It is better to be under the microscope for now
BTC Fractal - 3 Reasons why ATH is still COMINGI've been saying for some time now that the real ATH is still ahead of us. I base this on a few points of observation. First, the Elliot Wave Theory:
Then we're taking a look at an inverse H&S pattern observed on the daily:
Another bullish point to consider is that we have been able to hold above 60k successfully, showing that buyers are scooping up lower entries and putting pressure on bears. Historically, it is considered bullish for the price to consolidate under a resistance zone.
Our technical indicator is also overwhelmingly bullish.
After a cooldown from being "Overbought", we're now ready for another impulse wave up.
And lastly, from a logarithmic view, BTC still has room for growth considering we haven't "peaked" out yet:
Note that here, I'm not intending to say we're going straight to 400K with the next impulse wave. Rater, it is a multi-year outlook on how BTC could grow to much higher prices.
In terms of the correction, we're seeing bullish indicators on the price and so it SEEMS that the pullback may be over and we're ready for another impulse wave up (3 steps). I used WXY to demonstrate how it legs up in three unique phases, on top of the normal Elliot 5 waves.
And so it is important to note that even if we do fall lower to continue down with a correction, as long as we do not fall LOWER than the previous point X (as seen on the fractal in green) we are still very much in a macro bullish cycle.
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BINANCE:BTCUSDT MEXC:BTCUSDT
Bitcoin Premium. Confirming our upward trend. 84.000$Our previous deal closed due to a stop loss. However, since our goals remain unchanged, we're re-entering the deal. We observed a fakeout and subsequent rise, confirming our upward trend. Let's ride this wave! 🚀📈
This goal was sent to me by a major player in the game. His insights always hit the mark because his team commands one of the largest capitals in the market! 🌟📈
We're going to start taking liquidity from the top. 📈💰
Friends, this is an extraordinary insider tip, and I urge you to pay attention to it. Keep an eye on this idea. I've decided to share only a few ideas to demonstrate the quality of information I have. Just stay tuned. 🚀🔍
Go with the flow ! Expecting a good upward momentumGo with the flow ! Expecting a good upward momentum.
As you can clearly see that, there is a straight wedge forming which is breaking upward .
And additionly volume is also in our favour , i mean also breaking out. So, go loooooong !!!
Bitcoin Next Target is Channel TopBitcoin is currently in an Up Trend Continuation after a 0.5 Fibonacci Retracement. The Next Target is Channel Top.
I want to help people Make Profit all over the World throughout my entire life. Additionally, I am eager to Receive Money Worldwide because of my Potential.
Bitcoin CUP and HANDLE pattern ☕️ Buy the dip-Take the sip🤩🤩60000 $ to 61000 $Price Range is quite holding well.
➣ Bitcoin price is forming rounding bottom in the 60k-61k price zone.
➣ While 65000 $ is the major resistance. We may some good action this point. But the Weekly and Daily uptrend is intact which confirming the BUYING sentiment.
➣Accumulate at current market price we may see further upside in coming sessions.
BTCUSD 1H Long Trade - 1:3 RRRSL: 65081.00
TP: 71822.00
In this trading strategy, I present a compelling opportunity for a long position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
A BTC Mining Company that just went public a few months agoIt looks like a BTC mining company that recently went public on the stock market is stocking up. I'm thinking of taking advantage of the potential rebound with a upcoming Bitcoin bullrun surpassing its all-time high sometime between now and the end of the year.
BTCUSD to 73kBTCUSD enter in bullish trend after breakout from the failling wedge pattern previous target for btcusd is 73k
Lets go BTCUSD Bulls. Bullish Wolfewave is confirmed. 70K TargetAs shared previously, we were tracking a Bullish Wolfewave into making and then took a bold move to short while we wait for wave to complete
Here is that trade, which we completed within a week's time
Now this time we are looking to enter the trade and ride or die. Upside is huge, all the way to 70, while downside risk is 2-5k depending upon your risk. Play small, play unleveraged...
Very important EURUSD analysis (Bitcoin is at the beginning)It is worth noting that the euro has been in a major downward trend for over 14 years (5200 days). And it's time to end it.
In 2024-2025, the euro will rise. Possibly also in 2026
Proof of the great rise of Bitcoin, and that something we haven't seen before, something much better, is coming.
For crypto, a weakening dollar is very important.
Bitcoin Leads the Charge: Bullish Signs Emerge Across Crypto MarA wave of optimism is sweeping across the cryptocurrency market, with Bitcoin (BTC) at the forefront. After a period of consolidation, bulls appear to be taking charge, sparking positive momentum not only in Bitcoin but also in altcoins like Solana (SOL) and Fantom (FTM).
Bitcoin's Technical Analysis Hints at Upswing
Technical indicators for Bitcoin are painting a bullish picture. The 20-day exponential moving average (EMA), a key indicator of short-term trends, has begun to turn upwards. This suggests a shift in momentum, with the path of least resistance now favoring an upward price movement.
Further bolstering this bullish sentiment is the Relative Strength Index (RSI). This indicator measures the momentum of price movements and currently sits in positive territory. This indicates that buyers are in control and there's room for further price appreciation.
Breaking Key Resistance Levels
A crucial level to watch for Bitcoin is $68,000. If bulls can successfully push the price above this resistance point, it could trigger a retest of the formidable barrier at $72,000. Reclaiming this level would be a significant victory for Bitcoin bulls, potentially leading to a continuation of the upward trend.
Bears Remain Vigilant
However, the battle lines are not yet definitively drawn. Bears, the market participants who profit from price declines, are not ready to concede defeat. If they can successfully push the price below the 20-day EMA and the broader moving average support levels, it could signal a potential reversal in the current trend. A drop below $60,000 could then be on the cards.
Beyond Bitcoin: Altcoins Join the Bullish Party
The positive sentiment is not limited to Bitcoin. Several altcoins are also exhibiting bullish signs. Here's a closer look at a few:
• Solana (SOL): SOL, known for its blazing-fast transaction speeds and scalability, has been on a tear lately. It's crucial to monitor technical indicators like moving averages and RSI to gauge its specific momentum.
• Fantom (FTM): FTM, a smart contracts platform focused on scalability, has shown promising signs. Tracking its developer activity and ecosystem growth can offer clues about its future trajectory.
A Word of Caution
While the current market sentiment is encouraging, it's vital to remember that the cryptocurrency market remains highly volatile. Investors should conduct thorough research and due diligence before making any investment decisions.
Opportunities and Challenges
The recent bullish signs present both opportunities and challenges for investors. The potential for continued growth across the cryptocurrency market is exciting. However, the ever-present risk of volatility necessitates a cautious and informed approach.
Conclusion
Bitcoin appears to be leading the charge in a potential crypto market upswing. Technical indicators suggest a bullish trend, but resistance levels need to be overcome. Encouragingly, several altcoins are also flashing bullish signs, adding to the overall optimism. As always, investors should approach the market with caution and conduct their own research before making any investment decisions.
From Inception to Present: Our Crypto Model's Trades to DateIntroduction
In this idea, we'll analyze the performance of our crypto trend model by breaking down each individual trade made since it went live on 27th July 2023 . We'll delve into key market events that occurred around these trades and the run-up gains or drawdown avoidance achieved by the model.
Trade Breakdown
Short Signal - July 27, 2023
Trade Outcome :
Date : July 27, 2023
Signal : Short📉
Market Context :
Event : In July 2023, Bitcoin faced a significant resistance around $30K, leading to a sharp rejection and subsequent price drop. This resistance level was critical, and the rejection marked the start of a downturn.
Performance : The short signal successfully captured the decline, gaining almost 15% at it's climax on just Bitcoin alone. The model's entry just before the major resistance test was well-timed.
Long Signal - September 19, 2023
Trade Outcome :
Date : September 19, 2023
Signal : Long📈
Market Context :
Event : By mid-September, Bitcoin found solid support around $25,000 after a volatile summer. This support level triggered a significant bounce, making it a prime entry point for a long position.
Performance : The long signal capitalized on the bounce from $25,000, leading to a max run-up of 80% as Bitcoin rallied. Holding positions on altcoins in confluence with this signal would have likely yielded at least twice of what was gained on Bitcoin.
Cash Signal - January 15, 2024
Trade Outcome :
Date : January 15, 2024
Signal : Cash💰
Market Context :
Event : Early January saw a recovery in Bitcoin prices driven by positive macroeconomic signals, such as slowing inflation. However, regulatory pressures and market volatility prompted caution. This pullback was also likely due to the Bitcoin ETFs Launch having a "sell the news" narrative.
Performance : The cash signal helped avoid drawdowns of up to -10.61% and even more on altcoins during a period of increased market uncertainty and regulatory challenges.
Long Signal - January 30, 2024
Trade Outcome :
Date : January 30, 2024
Signal : Long📈
Market Context :
Event :The approval of Bitcoin spot ETFs in January 2024 significantly boosted market sentiment. This approval was a pivotal event, sparking a bullish trend right after a small retracement.
Performance : The long signal leveraged the positive sentiment and regulatory clarity, benefiting from the ensuing price surge and experiencing a max run-up of almost 72% on Bitcoin.
Cash Signal - April 13, 2024
Trade Outcome :
Date : April 13, 2024
Signal : Cash💰
Market Context :
Event :April 2024 witnessed mixed signals with regulatory updates and market corrections. The Financial Stability Board's new regulatory framework added to the cautious market sentiment. And with added FUD coming from Iran's attacks on Israel, the prices of not just crypto but other assets such as stocks started to tumble.
Performance : The cash signal once again helped sidestep market turbulence, preserving gains from earlier trades, essentially avoiding up to -11.51% of drawdowns.
Long Signal - May 17, 2024
Trade Outcome :
Date : May 17, 2024
Signal : Long📈
Market Context :
Event :As of May 2024, the crypto market showed resilience with new institutional interest and advancements in blockchain technology. This renewed interest provided a solid foundation and confluence for a long position
Performance : As the signal came in just 3 days ago as of writing, we will update on the performance of this signal at a later date.
Conclusion
The crypto trend model demonstrated robust performance by effectively navigating through various market conditions and key events. Each and every trade has been overwhelmingly successful, and the model's signals is expected to continue capitalizing on gains and avoid major drawdowns in the future.
Stay tuned for more updates and detailed analyses on our crypto trend model's performance.
BTC 24-Hour Upside Potential The 11 spot Bitcoin exchange traded funds (ETFs) approved in the US four months ago posted five days of consecutive inflows last week. Net inflows into the competing ETFs issued in Hong Kong three weeks ago have, however, been below expectations – a mere $228 million. In comparison, the US ETFs recorded inflows of $221 million on Friday, May 17, alone.
The above-mentioned ETFs, with the exclusion of the decade old AMEX:GBTC (Grayscale’s Bitcoin trust that converted into an ETF) now hold 2.78 percent of Bitcoin’s current supply in circulation, Bitcoin.com reports. They together hold 548,557 Bitcoins.
“Bitcoin’s institutional adoption is happening now,” Anthony Scaramucci, SkyBridge Capital’s founder told CNBC last week. He was Donald Trump’s spokesman for a short time during his presidency.
A bullish sun shines over Bitcoin in the next 24 hours and one week horizon, signaling upside potential.
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Swing & Day Trading Bitcoin LongsBitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require.
Daily closes below $65,000 or sustained movement below $63,000 would invalidate this setup.
Any trades upcoming this week will be posted below. Likes and Follows are appreciated
Bitcoin Range Theory - BTC thoughtsIf BTC rejects from range high here, it is plausible to look for lower time frame logical structural longs from the daily fvg level indicated. Mondays high could get retested as well so this is confluence to that point of interest.
There is the chance that pull back never occurs. If the supply above range high is flipped then I am looking to get a nice continuation long off range high. Nothing is stopping price from moving up until at least 70.5k (imo)
