BTC live analysis and Prediction on 8/4/24 My overview is bullish in BTC as per current buyers and sellers activity.
if price test resistance and retrace not more than 50-60% then a bounce is expected.
If price fail to test resistance then this overview will consider as NULL (conditions not fullfilled)
Bitcointraders
BITCOIN ( LONG ) ( 4H )BITCOIN
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level .
TURNING LEVEL : the price of turning level around 66,400 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level .
RESISTANCE LEVEL (1) : around 69,648 , for reach this level will be stabilizing above turning level .
RESISTANCE LEVEL (2) : around 71,685 , for reach this level the price will stabilizing above resistance level (1)
SUPPORT LEVEL (1) : support level at 63,345 , for reach this level will be breaking and stabilizing below turning level .
SUPPORT LEVEL (2) : support level at 59,299, for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : the price retest before rising at 66,400 .
TARGET LEVEL :
RESISTANCE LEVEL : 69,648, 71,685 .
SUPPORT LEVEL ; 63,345 , 59,299 .
Bitcoin: Can buyers continue the fightback?Today's focus: Bitcoin
Pattern – Continuation
Support – 27,500, 28,700
Resistance – 29,450, 30,170
• Shib launched their highly anticipated Shibarium.
• Coinbase received approval from the NFA to allow US retail clients to trade crypto futures.
• Bitcoin briefly broke below 28K on some exchanges on Thursday
Hi, and thanks for checking out today’s analysis. Today, our focus is on Bitcoin. We’ve seen a rather exciting day so far with news hitting the market that looks to have created a bit of long-needed volatility. After a fast decline that continued the last two days, Bitcoin continues to fight back from session lows.
Will we see buyers come back into the market? Do you agree that the current retracement looks a lot like the last? Could this be a sign that a new leg higher could be building? A lot will come down to if price respects the main uptrend and if it can find support before making any new deeper declines.
Have a great day and good trading.
Bitcoin 2018 Bear Market v 2022 Bear MarketThere is a striking similarity between the 2018 and 2022 bear markets in Bitcoin as illustrated on this chart. This is the same thing I have been discussing for months now on Twitter and YouTube while so many other large influencer accounts were screaming that it HAD to go below $12K. While there is no guarantee that the low is in yet (there are no guarantees in trading except that you WILL lose money at times), there are a number of signals that it very well may be. This is just one of them.
Break out impulsively above the weekly pivot and there should be no looking back.
Ending diagonal Bitcoin W1 chart?Reversal pattern continues to present on Bitcoins weekly chart.
Hi, we hope everyone is having a pleasant Friday. This morning while doing the rounds, I noticed a good-looking pattern on AVAX and Bitcoins weekly charts. The pattern looks like an ending diagonal, generally seen as a reversal pattern.
As noted in today’s video analysis, we would like to see prices continue to move higher and form a breakout. Bitcoin and Avax have both started testing the upper line and could break clear if momentum can continue. After that point, we would like to see highs and resistance tested and beaten to confirm we have a new trend underway.
A move back to the lower line is a warning and could signal the pattern is failing.
BTCUSDT 15 Min Chart Demand & Supply Zones#Bitcoin #BTC 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - USD 20,646/-- to USD 20,673/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) - USD 19,842/- to USD 21,673/-
(Red Circle in Image)
#bitcoin #btc #cryptocurrency #crypto
Total BTC Longs - 103920.4/-
Total BTC Shorts - 2,729.3/-
Current Status - Movement Towards Bull Run.
BTCUSD <ONE DAY CHART TECNICAL ANALYSIS>For we trading BTCUSD this week it has a nice move tho
And it been measured and confirmed with different trendline strategies on many timeframechart
And we still expecting more bearish candle or if it breaks out the trendline it give comfirmation for buy also
Follow up for more and trade wisely. #LegendFXX
#bitcoin why am i bullish !!!!!Hello to all friends
I was analyzing bitcoin today
In the weekly chart I see a very strong uptrend
I have 2 scenarios
If Bitcoin is above $ 48,500 tonight, I see a growth scenario for next week and expect a rapid growth
But if not, do not worry, we will have a correction of up to $ 40,700 and we will stay in the range of $ 48,000 to $ 41,000 for another 4 weeks and then we will get out of this beautiful ascending triangle.
I am not a seller at all and I use fluctuations to add
Be profitable
@bitcoin @bitcoinnews @bitcoiner
#Bitcoin: The pump was not fakeSorry friends
Last night we saw a pump just after the candle was closed for 4 hours
It was more like a stop-hunting than an uphill move
But now that the candles have stabilized, we are convinced that this was a healthy move
Your own risk
Do not forget to like and comment
#bitcoin UsdtBitcoin has three areas of support
I expect a minor correction
I drew three support points and due to purchasing power, it is possible to pump upwards from each of these areas (green Arrow)
I always put the worst case scenario in red so you can remember, bad accidents can happen (red Arrow)
If Bitcoin returns below $ 40,000, we will see a downtrend and break the uptrend
The B word conference is not enough to pump BTCElon Musk, Cathy Wood, Jack Dorsey, are all very notable names, however, they still do not have the capabilities of pulling BTC out of a bear market on video conference alone. A crash is necessary and inevitable, what you see is temporary, and this pump is only going to be short-lived.
BTC/USDThis is a short trade I entered last night. I do anticipate it to hit my TP. There are many factors I am taking into play for this but one of them is the Bitcoin dominance has been on a downtrend for a long time now, and it's almost dropped below 50% dominance for the first time in over 3 years.
With Altcoins becoming more and more popular, this is resulting in bitcoin demand slowly weakening.
PLUS on the technical side of things, it has respected my zone rather well and isn't showing any TRUE signs of continuation.