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Bitcointrading

Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all
by KINGSFALCONTRADERS
BTCUSD: Entering the parabolic phase.Bitcoin is on excellent bullish levels on the 1D technical outlook (RSI = 66.472, MACD = 251.100, ADX = 42.204). Following the correction of the last two months, the market has entered the green zone of the Cycle, which is its parabolic phase. This historic chart on the 1W timeframe shows that this phase lasts around 560 days while the previous blue one, which extends from the bottom of the Cycle, lasts around 500 days. This is a clear indication that at least for a year, Bitcoin will most likely rise parabolically with a possible target zone of 200,000 - 300,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTC Update on 19/05/2024As of 19th may 2024, BTC is trying to break resistance level at 0.618 fib level. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDLong
by rukshan2102
💡BTCUSD Casestudy💡☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSDLong
by Yelli_trades
12
[BTCUSD] - EXPANSION! 🔸in daily chart can notice a power of 3 (Accumulation ,, manipulation ,, Expansion)" 🔸we are in stage 3 (expansion) accordibg to my vision.. that matching so likely with RSI indicator...(breaking out multi-month trendline) 🔸must be considerd that the price breaking out a POC line with large green candle too 🔸price now testing the 0.618 fib (golden level) 🔸so that... need a daily close above the golden level and u will watch new ATH for BTC. appreciating for supporting us with ur like and hit "follow" for more updates🎯
BITSTAMP:BTCUSDLong
by ceciliones
4
BITCOIN $80,000 by the end of this monthBTCUSD is neutral on its 1D technical outlook (RSI = 49.966, MACD = -901.100, ADX = 24.861) as it is trading inside the 1D MA50 and 1D MA100. This squeeze is taking place while the Inverse H&S is forming its Right Shoulder. The 1D RSI is trading over the MA level, which is the same price action as the Inverse H&S of January. If it crosses over the 1D MA50 (Resistance since April 13th) we will target the 2.0 Fibonacci extension (TP = 80,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
DXY(Dollar Index):🟢Possible scenarios🟢(Details on caption)Well hello, traders. Here is my view on the DXY daily chart. As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity. So the first scenario is bullish and I follow this scenario (High probability scenario) The second scenario is bearish, if the price respects the bearish order block or mean threshold of this order block we will see the price move down. All in all, if the bearish order block can not hold the price we will see a bullish week, and if the price respects the bearish order block the weekly candle will be bearish. 💡Wait for the update! 🗓️01/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
TVC:DXYLong
by VahidTradingCR
1
Trading Signal For BitcoinTrading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin (Futures) (h1) Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 62051.74 ⭕️SL @ 63235.16 🔵TP1 @ 58659.66 🔵TP2 @ 56361.11 🔵TP3 @ 52838.61 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
2
Bitcoin BTC price global view for next few monthsOn the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels. It took us a long time to see something new.... But here's our summary: ️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦 ↩️ fixing the CRYPTOCAP:BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands" Which scenario do you prefer: ❤️red or 💙blue? Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024. In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs. So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD. After that 52K . A drop to 48K seems unlikely . But possible. A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market. Technical Analysis tools used: Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines. The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines. Price action below the Ichimoku Cloud signals the continuation of a bearish trend. The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k) up-to-date Fundamental Analysis: Good news to consider: Possible ETF unbanning and adoption in China (unconfirmed) World's largest custodian bank, BNY Mellon reports exposure to BTC ETF Halvening in effect First Bitcoin ETF's launched in Asia (Hong Kong) Bad news to consider: CEO of Binance sentencing (30. April 24) Prominent Bitcoin Figures arrested Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.). Asian Bitcoin ETF's flopped due to low volumes on opening day. Psychological Considerations: must-reach-100k mentality of the Bitcoin community Community psychological barrier against centralization and regulation 50k support Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BITSTAMP:BTCUSDShort
by GoldArti
2
I Tried To Tell Y'all 58K Was In Play- What's Next For Bitcoin?Not to say I told you so, but, yeah, I did tell you all a while back when we broke previous all time highs that the 58K range for Bitcoin was still in play, and guess what happened? We hit it... Well, I didn't post that one on TV, so I may not have told you guys, lol, but it's on my other outlets. Okay so now that is all out of the way, let's talk about what could possibly happen next. I do not think that just because we hit this level that we will have some kind of V-shaped recovery. Highly doubtful. As a matter of fact, I still believe that we will be heading even further south to the 50K-52K range as I stated in another previous technical analysis post. Why do I think this? Well, that is where the largest amount of support is sitting. This pump went too high, too fast and is having to correct back down and retest the previous major zone of volume. I mean, it doesn't have to, but it's normal market movements. Too many in the Bitcoin and crypto space are too short term focused. I know I have been at times, but that is why I am flashing the Daily chart at you is because on the bigger picture, we still have some retracing to do to build a solid market structure before we really go for moon shots. Not only that, the news of government FUD has really shaken up the Bitcoin ETF TradFi crowd and they have been dumping right and left. So downside is not finished by any means and I feel that 50K-52K is still in the cards. Until next time my trading buddies, trade logically!
COINBASE:BTCUSDShort
by thelogicaldude
Bitcoin BTC price follows a familiar routeCurrently, crypto market users are divided into two camps: 1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k. Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise. On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin price behavior for May-October 2020. That is, how the CRYPTOCAP:BTC price behaved before and after the previous halving. And this scenario is not bad: the #BTCUSD price is entering a prolonged consolidation phase at range $65,000-73,000 during the summer of 2024. At this time, the capital of large funds will be able to partially and smoothly flow into crypto projects with a smaller capitalization. What can this process provoke? That's right - the alt-season Are you intrigued?) We are waiting for 50 likes and at least 10 comments from you, and then we will supplement the idea with the BTC.Dominance, USDT.D charts and the total crypto market capitalization chart which clearly show how this process can look like.
by P_S_trade
20