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Bitcoinrally

BTCUSD Rejecting Downward Trend @ $57k - Watch What Happens NextThis is a followup video to my earlier BTCUSD analysis - suggesting BTCUSD would find support near $57 and rally (eventually) to over $90k. I found it interesting that I received a few comments on that last video - some in support and others thinking I was wrong. But, now, with BTCUSD clearly attempting to reject any further downward price action near the $57k level - we get to see how this plays out in REALTIME. Watch this video to learn why I believe the big move for BTCUSD won't happen till after August 15, 2024 (a +$6k move). Then, we'll have to wait till later in September for the major FLAG pattern to complete - leading to an even bigger upward price breakout. I love this type of analysis and I love sharing it with everyone. Watch my other videos if you want to learn more about what I do and how I help traders prepare for the biggest opportunities. Watch this play out in realtime with BTCUSD. If I'm right, we'll see $62k again before August 20th, then move into a broader FLAG formation before the next big breakout happens. Go get some.
BITSTAMP:BTCUSDLong
by BradMatheny
2
One last Bitcoin Swing Trade before bears takeoverBitcoin (BTCUSD) Weekly Forecast: May 11th - May 13th Overview: As we step into the week ahead, Bitcoin continues to exhibit signs of a bearish flag formation on the weekly chart, indicating potential downside momentum. The analysis considers a series of wave counts (a through e) within this pattern, with stochastic indicators showing a hooking pattern, suggesting a possible bearish turn in the short to mid-term. Market Analysis: Bitcoin, often viewed as a risk-on currency, shows correlation with the S&P 500 market. Notably, the S&P 500 displayed a bullish harami pattern two weeks ago, hinting at further bullish momentum. This suggests a possible upward movement in the S&P 500 towards the 5600 level. However, specific levels are not set in stone, and future rate cuts expected by Q3/Q4 might push it towards the psychological level of 6000. Bitcoin Forecast: In the current scenario, the outlook for Bitcoin is bearish on intermediate and long-term time frames. There's a likelihood of a double top formation around the 73,000 to 74,000 range. While there's a slim chance of surpassing the 80,000 resistance, the more probable scenario is a correction around the 73,000 level before a larger systemic risk-on crash. Long-term Projection: Bitcoin is expected to reach 72,000 to 75,000 (plus or minus 1-2k) before a significant downturn. A systemic risk-on crash could drive Bitcoin prices down to the high 30,000s or lower by early 2025. Conclusion: Given the bearish flag formation, hooking stochastics, and the anticipated performance of the S&P 500, Bitcoin's outlook for the coming week is leaning towards a bearish sentiment, with a potential double top formation around 73,000 to 74,000. However, the overall trajectory suggests Bitcoin's correction might be a prelude to a larger systemic downturn in late 2024 or early 2025. Traders are advised to proceed with caution and closely monitor key levels for potential entry and exit points.
BITSTAMP:BTCUSDLong
by candlestickninja
ORDI Price MovementAs of December 6, 2023, ORDI was trading at $65.03, which was a 2.7% increase from the previous day. ORDI has also seen a 232% increase over the past week. The token's trade volume has also increased by 85% during this time, reaching $2.3 billion. ORDI is a Bitcoin-based meme coin that has been following Bitcoin's price action. This means that if Bitcoin's rally stops, ORDI may also stop rising. This could cause the price of ORDI to drop to $55 or even $50. ORDI has been the top performing asset in the top 100 cryptocurrencies. In the past three months, ORDI has increased by 1,432%. ORDI has a Market cap of about $1.16 billion with a 24-hour trading volume of about $2.28 billion and a Circulating supply of 21 million ORDI. ORDI's Chart pattern indicating a Falling Wedge. Will wait for a retest before buying the dip.
Long
by DEXWireNews
UPDATE: Bitcoin target still on the way to $36,300On 22 June 2023, we sent out a buy signal on Bitcoin. This was when it broke above the Falling Wedge... The momentum was strong and so was the promising move. We got in but hasd NO idea it would be such a long hold. Unfortunately, the daily interest costs added up and the entry price went higher and higher. But we held on regardless... The loss was quite large in September, and it seemed like the market was going to break down. But as patient traders, we held. Right now it's nicely in the money and I'm still holding. And from my experience anything can change. The market can driop just as much or it can rally to the target. It still hasn't hit the target, but seeing a new rounding Bottom form - Helps show more confirmation of upside to come. It's been a long and rough ride but so far very worth it...
OANDA:BTCUSDLong
by Timonrosso
BTC re-test $45500 before a move to 52kWhat we are seeing right now is probably the best thing we could see for btc. Healthy price action comes with corrections, as these corrections provide the nessecary support for the coin to continue higher. And we can see this on the chart with our indicators/support zones. 1) We broke the local highs set for the past couple months. Great sign. Also a strong area of support now that its flipped from resistance. 2) The ema spread is wide and offering us support currently. 3) We also have an uptrending zone of support holding us up. If we invalidate all three of the above this could likely be another fakeout, but in my opinion I think the likelihood of this happening is low. This is not financial advice and always do your own research before entering the market.
COINBASE:BTCUSDLong
by MarketM8ker
2
BTC next stop low 50k regionIn my previous posts I mentioned we could very well see a move down the the lower green box I have on the chart. 1) Instead bitcoin found support yet again on the lower green uptrending line within the triangle pattern as you see here. 2) The green box in the middle previously marked a key resistance zone for bitcoin. Since we have tackled that zone and rejected off it many times since the beginning of the year, in combination with continuously setting highs, we have broken it and flipped it from resistance to support. 3) We don't have much resistance above 52k so if we break this area, we will likely see mid to high 60K trading yet again. 4) We will need a correction if we want to sustain 60k and above price levels. In my opnion we will likely see a move to the top of the ichimoku cloud into the 52k region, correct back down to the green box and use it as support before continuing upward. 5) #4 is important as a re-test of this zone of support, (previously resistance that has kept us down for months) would be the healthiest thing bitcoin could do. 8) This is not financial advice and always do your own research.
COINBASE:BTCUSDLong
by MarketM8ker
Bitcoin - to 10,000 and beyond!As previously highlighted, Bitcoin has been making small decent effort to move towards testing resistance trend lines in a renewed bid to break above 10,000. The 4H BTCUSD chart just showed a renewed effort with strength. The 4H MACD just turned upwards, in line with the daily MACD and technicals, and tested an interim trendline resistance with momentum. IF and when there is a successful breakout, look for 12,000 as a target, given the pattern of yet another pennant breakout (zoom out of the chart to see). Looking forward to a follow through over the next 12 hours...
GEMINI:BTCUSDLong
by Auguraltrader
Bitcoin breaks above the downward channelBitcoin, which is known for its wild price swings, soared to around $US6,650. It breaks the downtrend line around $6315. This downtrend starts almost 2 months from now and if Bitcoin can manage to break the 23.6% fib level at $6758.7 next resistance line will be at 7368.17 which is expected to happen in the end of the week and by the next week. Volume : Since the beginning of 2018, the market for digital currencies has been under pressure,hitting a year-low in market cap of close to $US230 billion on Friday. Reason for the Downward Market Movment : Autonomous NEXT, the financial-technology research firm, estimates recent market woes are tied to the initial-coin-offering market, the crypto-based fundraising mechanism. Positive Notes : 1. Double bottom that can be seen as the price reached the lowest price of the year ($US5,780) on two separate occasions (blue circles) but didn’t go any lower. 2. The break above the downward channel that we’ve been tracking. The price has managed to sustain above $US6,250 all weekend and breaks the resistance trend line today. Possible Outcomes : Depending on the volume spike which it also depends on news for itself the market may show a very good boost for the following portion of 2018.
COINBASE:BTCUSDLong
by cryptotalk_et