Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k.
If Bitcoin seems to be pumping, you guys don't think the bullrun has started.
Because if we analyze the chart from the previous halving, Bitcoin looks like a dump.
This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition.
Only those who can wait should take this trade according to their financial condition.
Bitcoinmoon
Bitcoin Boom-Bust Cycle PatternsFrom a technical point of view, it is seen that Bitcoin making its 4th boom-bust cycle move.
The black line I drew on the logarithmic chart has been acting as support and resistance regularly since 2012.
The past 3 boom-bust cycle patterns have been applied to the cycle that we’re in right now.
The Yellow line is between 2012-2014; The blue line is between 2018-2021; The green line represents the boom-bust cycle from 2014-2021.
In my personal opinion and when I look at the support that Bitcoin found at the $16500 level, I think the scenario will be like the Blue line.
Bitcoin 9.28% Long Opportunity>The daily chart revealed the presence of Demand and Supply zones, as depicted in the image.
>I verified my analysis by utilizing the Search Volume Profile for a fixed range, which confirmed that a particular level aligned with my identified supply zone.
>Furthermore, I found that this supply zone coincided with the 61% golden ratio zone of the Fibonacci sequence.
cheers!
BTC Bitcoin and the Debt Ceiling this week Debt Ceiling Explined:
Bitcoin and other cryptocurrencies can be influenced by broader economic factors. In a scenario where a government default occurs or there is a significant economic downturn, it is likely that market uncertainties and investor sentiment could lead to a decline in Bitcoin's value.
Bitcoin has formed a Head and Shoulders bearish chart pattern!
The head and shoulders pattern is generally considered a bearish signal in traditional financial markets. It consists of three peaks, with the middle peak (the head) being higher than the other two (the shoulders). This pattern suggests a potential reversal in price direction, with a downward trend likely to follow.
My Price Target for BTC Bitcoin is $23000.
Looking forward to read your opinion about it!
Bitcoin Trading Overview Hello! Today I would like to share my observations regarding the current situation with Bitcoin.
Currently, Bitcoin is trading within an ascending channel, which is a positive signal. Its current position in the middle of the channel may indicate that we can expect price fluctuations in the near future. However, it is important to note that we need to closely monitor the further price movement in order to determine the direction.
On the chart, I have marked several zones that may be significant. First and foremost, I anticipate that we may move towards the upper boundary of the ascending channel. If such a movement occurs, it could serve as a good signal to open positions in the direction of growth.
However, we should not rule out the possibility of the price dropping to the level of $23,000. If this happens, it could create an excellent opportunity to enter the market at a favorable price.
It is important to know your risks and always have a capital management strategy. Please note that these are just my thoughts and should not be considered as financial advice.
"May's Bitcoin Options: Deep Insights & Strategy 🎯"Fellow traders, let's delve deeper into our Bitcoin options analysis, which includes option clusters, max pain price points, oversold and overbought territories, and weekly biases. According to the chart, the $28,000-$29,000 zone appears to be a prime opportunity to buy BTC throughout the month, capitalizing on dips within the equilibrium zone.
Targeting the weekly oversold zones at $30,000-$31,000 seems fitting, and for those who want to aim higher, the monthly oversold territory at $32,000 is also worth considering. To manage positions effectively, consider taking half profits off the table once the price reaches these targets and move your stop loss to breakeven. This approach allows for the possibility of the monthly options market paranoia cluster playing out, keeping your strategy flexible and adaptable.
Stay ahead in the ever-evolving Bitcoin market with these deeper insights and strategic trading tips.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always do your own research and consult with a financial professional before making any investment decisions.
Bitcoin Explosion imminent!? Mini-Bull Market Watch!The bull markets of 2011 and 2019, which developed in early Crypto Spring, produced an explosive move to the upside heading into the second quarter of the year. In this video we briefly take a look at these moves and other possible scenarios. The "pillars " drawn here in ever Crypto Spring run from April 1st to October 1st on the horizontal axes and 50% above the future halving price on the vertical axes. If bitcoin follows this same pattern we will see an explosive move up to the future halving price in the 2nd quarter followed by a dump back below the future halving price in the 3rd quarter.
What are your thoughts? Let us know in the comments below.
btc near major resistance zoonHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Now major supports are:
A. 26000$ daily support
B. 23500$ major Fibonacci support levels
major Resistances are:
A. 30000$ Channel retest of breakout
B. 32000$ major Daily resistance
bc next target 30420 $ hello firends
btc next resistance level touch in up coming hours 30420 usdt
then small correction again go to the tend line resisitance level or previous resistance level
chart analysis based on the 4 HR time frame and smc and support and resistance
please comment below if i am wrong it will help ful for my trading journy
thanks for reading
BTC Bitcoin Head and Shoulders Chart PatternBTC Bitcoin has manifested a technical analysis chart pattern commonly known as a "Head and Shoulders" formation, indicating a potential bearish trend.
The Head and Shoulders Bearish Chart Pattern is a technical analysis chart pattern that is typically formed by three peaks in a security's price action.
The first and third peaks are known as "shoulders," while the second peak is called the "head." The pattern is often viewed as a signal of a potential trend reversal from bullish to bearish, as it suggests that the security's price has reached a high point and may soon decline.
The target price of the pattern is typically calculated by measuring the distance between the head and the "neckline" (a line drawn connecting the two shoulders), and projecting that distance downward from the neckline.
Based on this pattern, it is estimated that the price may decline first to a target level of $27175, then to $23280.
Looking forward to read your opinion about it.
bitcoin bull cycle repeating let seeeeBelow this idea This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
As per my Elliott Wave analysis, we are in the final C impulse wave (ZigZag 5-3-5). ZigZags are often very impulsive, which is true in this case.
Also, do not forget that we have an unfilled GAP on CME futures at 20k. Statistically,
BTC Bitcoin retracement to 50 Moving AverageBesides that the fundamentals are against a bull run for BTC Bitcoin right now, the technical analysis also needs to confirm the trend by touching the 50 day Moving average to say the least.
My short term price target is $25100.
Looking forward to read your opinion about it.
We have "reverted to the mean" of 2017 (Long from here)If we go back to 2016-2017 and create the average trend line leading to present time (light blue line), you will see that the 100D MA has bounced off support and now making way to potentially forming a "golden cross" with the 500D MA. Obviously, we could see consolidation between the $20K and $30K range for quite some time, but in the long term we are still following the long term mean. I believe the light blue line will remain an area of safety (hardened support) and will continue the long term trend "up" following the 2024 halving.
TLDR: We have already hit rock bottom.
Bitcoin on the verge of multiyear breakout......sounds BullishBitcoin is making higher highs higher lows on 1H time frame
It's at the very edge of valid trendline shown in the chart so if bitcoin takes support at this trendline We may enter a mega bull run in recent times .
My view is bullish hope this time Bitcoin breaks 28800 ....Happpy trading
#Bitcoin - thoughts out loud #10.Good afternoon , dear colleagues!
I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument.
I continue to accompany this asset with a subjective vision.
In my opinion, a deeper correction is needed to continue the asset's gains.
All trading patterns should be searched for on the younger time frames (15 minutes, for example).
But in any case, the market will equalize everything, because it is always right .
Thank you all for your attention, I wish you success, and remember:
Sometimes you win /sometimes you learn .