Bitcoinusd
BTC Fishing Bottom- After all this FUDS over time, right now it's literally impossible to calculate a potential real bottom.
- Basically you can do TA all day but if Bad News (Fed) and FUDS (Cryptos) are constantly incoming on Twitter and Google everyday, nothing will work.
- Some news are real like FTX Rekt but some influencers use more fake news to create panic, they want buy BTC cheaper before the next bull run. it parts of the game.
- Have to remember for the numbers : Luna crash caused 40-50B$ hole in market (Anchor Protocol was huge), FTX was around 10B$.
- imho the real bottom was in at 17.5K$. Right now BTC made a bounce around 15.5k$ but one think that i know is : There's absolutely nothing in this area. No support. No consolidation in the past years. Nothing. Zero!
- There's not many roads right now, or we bounce with a magical pump to fake everyone, or we dip to 13.5k - 10.5k.
- if a mid season bull run starts, wait for BTC walk away from the bearish trendline. Wait for a breakout (21,5k$) and a strong weekly candle closing upper from that price.
- i really recommend you to stay outside markets for now.
- The best strategy right now is to DCA Buy with strict prices zones orders.
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Resuming
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Bear Mode
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Buy zone 1 : 13500$ (25% of capital)
Buy zone 2 : 10500$ (75% of capital)
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Bull Mode
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Buy Breakout : 21500$+
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TP : 47000$ ( don't try greed more )
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We learn from failure, not from success
Happy Tr4Ding !
Bitcoin Simple Strategy- The strategy is simple :
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- Buy when TOP.
- Sell when BOTTOM. 😂
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- Hope u got the Joke.
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- Everything is in graph.
- No matter how dip TheKing will go, don't be greedy.
- When they speak Bitcoin is Dead. the bottom is near.
- Focus on the long term.
- Fortune favors the Bold!
Happy Tr4Ding!
BITCOIN ( UNDER UPWARD PRESSURE ) ( 4H )BITCOIN
HELLO TRADERS
Tendency after the price stabilizing support trendline , indicates the price is under bullish pressure
TURNING LEVEL : there is a orange line around 57,401, indicates if the price trade above this level reach a resistance level , but if the breaking turning level reach a support level
RESISTANCE LEVEL: there is a green line around 59,669 , indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line around 54,326 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMNET : the price stabilizing above turning level around 57,401 , in my opinion until the price trade above turning level ,indicates buying have more supply for bitcoin, so reach a resistance level at 59,669, then breaking this level reach a next target at 63,083, if the price breaking turning level , indicates selling have more demand for bitcoin, so reach 54,326 ,stabilizing below this level reach a 51,902
TARGET LEVEL :
RESISTANCE LEVEL : 59,669 , 63,083
SUPPORT LEVEL : 54,326 , 51,902
BTCUSD Daily OutlookBTCUSD traded in a narrow range between $53550 and $58200 for the past week. It hit a high of $58200 yesterday.
According to Farside investors, spot BTC ETF inflows of $143 million on Jul 6th, 2024. Markets eye US Fed chairman Powell's speech today and CPI data this week for further direction.
US markets -
NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ hits a fresh all-time high on rate cut hopes. Any close above 20500 will take the index to 21000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 66.50% from 57.90% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $53000. Any break below will take it to the next level at $51825/$50000/$47000.
Bull case-
Primary supply zone -$57000. Any break above confirms a bullish continuation. A jump to $60000/$63500/$65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $75000/$80000.
It is good to buy on dips around $55000 with SL around $50000 for TP of $75000.
Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI.
The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term.
Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met.
Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long".
Cheers to the Top10%'ers 🥂
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BINANCE:BTCUSDT
How Much further do we go?bitcoin on the weekly, analyzed previous price action and previous "death crosses "and noticed at each point of cross bitcoin continued to slide in price anywhere from 40-60%. This has me looking at bitcoin with a hard eye. It's very possible we see 43k, which gives me a bit more confluence , with the RSX telling us that a reverse isn't in just yet.
BTC tricky last week, but still looking to short..why?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
As of last post, i was bias to go short on BTC but the moved before the collapse was tricky. I only did so later on in the drop. Decent still.
As for now,watching for pullback , will be watching for change of structure etc before initiating shorts.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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BTC PA Model- i usually don't speak much when i don't see anything.
- Right now we can just speculate on some scenarios.
- so you can just imagine those scenarios with the figure i drew ( ending Diamond )
- you can notice some H&S and a big inversed H&S in the middle of graph.
- BTC volatily is still low ( around 15ish)
- i didn't find any convincing divergences yet.
- The PA range have been respected almost perfectly.
- it seems like a consolidation between 60 to 70k+.
- BTC tried to break 70k++, 5 Times exactly.
- Soon or later a breakout will happen ( next could be 85k$ ish )
- Halving is still young and the decoupling not yet started.
- if we dip under 60k.
- 50k is next small support.
- 40k is a strong support.
- very simple.
- There's a time for trading and a time for waiting.
Happy Tr4Ding!
BITCOIN ( UNDER TURNING LEVEL ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price trade below turning level at 56,752 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 56,752 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a black line around 59,383 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 54,488 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 56,752 , after dropping to the support level around 54,488 , then stable below this level reach 52,454 , if the price breaking turning level reach a resistance level by 59,383 , then stabilizing above this level reach a 63,383
TARGET LEVEL :
RESISTANCE LEVEL : 59,383 , 63,383
SUPPORT LEVEL : 54,488 , 52,454
Bitcoin for long-term📈 **Analysis of EZ7_strategy** 🏆
In this comprehensive review, I have meticulously examined the confirmations provided by my trading strategy (based on price action) and have drawn the following conclusions.
1. The initial analysis suggests patiently awaiting the attainment of the channel ceiling, with a subsequent observation of an overbought condition in the RSI zone at the critical price point of $53,256. ⌛️
2. The secondary analysis revolves around reaching the support floor at $28,580, serving as the primary support level, strategically aligned with the breaking zone of the bullish area at $28,580. 🎖️
3. There exists a 50% probability of Bitcoin touching the price level of $18,387, introducing an element of uncertainty in the market dynamics. ✨
4. Our primary target for resistance lies at the $64,485 level, with the secondary target closely aligned with the termination point of the second logarithmic function, reaching $80,000. 🚀
By leveraging these insights, investors can make informed decisions not only in Bitcoin but also in other cryptocurrencies. 🙏
Your support through likes and comments is crucial, empowering me to provide you with more refined and insightful ideas. ❤️🚀
Current Bitcoin SituationBitcoin has a massive bearish structure within this three month consolidation range. This structures targets are 60k and 57k, however if 60k were to be broken we'd be confident in far lower prices than 57k.
Having said that, there is hope. Bitcoin can reverse at the 50% retracement level - $64,300 - to complete a bullish 5-0 pattern. In this scenario it would also hold the last support before 60k and pivot to all time highs.
To play the bullish 5-0 you will need to monitor price action carefully and wait for some signal candles around this support. We are longing this and have already started building a position in the zone.
Why is our current bias long?
- Have to take a shot now as this is one of the last defences for Bitcoin to remain mid term bullish.
- Volume buying at this level seems to be good so far.
- Mining companies are performing very well and the bullish structures are playing out. They led the way last time.
- Alts are getting absolutely destroyed, they will need to bounce and cool off soon, BTC pumping will do that.
Why are we cautious
- Total 2 & 3 technical structures are broken, we are definitely mid term bearish on those as there is no argument for higher prices, for now.
- Indicators are not showing any bullish divergence or signs of reversing.
- We are bearish on most alts and the market as a whole.
Overall Takeaway
We are going to long bitcoin around this level looking for the 5-0 and support to hold, if it doesn't we expect 60k to be hit pretty quickly. 60k is the last line of defence before another steeper drop and a massive break of structure that could result in a mid term bear market - which the alts are in already.
A very magical panoramic view of the Bitcoin cycle. A very magical panoramic view of the Bitcoin cycle.
We can see that since Bitcoin began trading in the secondary market in 2010, three complete bull-bear cycles have been formed. Each bull market lasts about 152 weeks, and each bear market lasts about 52 weeks, that is, three years of bull market and one year of bear market.
With the growth of the number of users and market value, the increase is smaller in each round.
According to the previous three cycles, the end time of this bull market is late October 2025, so how high will it rise? Welcome to discuss.
BITCOIN ( UNDER BULLISH PRESSURE ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price it will trying to reach a resistance trendline , indicates the price is under bullish pressure
TREDN ANALYSIS : yesterday the price closer resistance trendline after dropping to closer support trendline , today the price it will trying again to reach resistance trendline
TURNING LEVEL : a black line around 58,985 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a blue line around 62,475 , indicates selling have already increase this level , so if the price stable above turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 57,363, indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : as long as the price trade above turning level at 58,985 , reach a resistance level at 62,475 , then stable this level reach a 64,136 , if the price breaking turning level reach a support level at 57,363 , then stable below this level touch a 55,767
TARGET LEVEL :
RESISTANCE LEVEL : 62,475 , 64,136
SUPPORT LEVEL : 57,363 , 55,767
Bitcoin Failing To PumpHey guys,
It looks like Bitcoin had its little pump from $60K to GETTEX:64K but now it appears that it can't hold up the price. It keep making lower highs in the short term and the signals look pretty bearish right now.
The MACD has a green dot on the daily but all other smaller time frames are rather bearish. Things can get volatile so we might see some pumps and dumps while the price consolidates. This could go on for another month or two yet before we see the price making a clear direction in the upward trajectory in October.
I'm looking at Bitcoin falling to $58,500 before we do a bit of sideways action with a positive twist.
If you agree with my thoughts please boost and subscribe!
When you need to decide. Let your heart be the guide.