Get started

Bitcon

BTCUSDT Forms Bullish Flag Pattern, Eyeing $80000 Target.BTCUSDT has recently formed a bullish flag pattern, indicating potential for a substantial price increase. The immediate target is set at $75,000 following three months of consolidation. However, traders are advised to maintain a stop-loss strategy to manage risks. BTCUSDT (1D Chart) Technical analysis BTCUSDT (1D Chart) Currently trading at $69600 Buy level: Above $69500 Stop loss: Below $65900 TP1: $72000 TP2: $75000 TP3: $80000 TP4: $90000 Max Leverage 5x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
BTC: Two potential target prices - Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does not return above the first support zone , two potential target prices can be anticipated: 1. A 100% extension of the large purple box. 2. A 100% extension of the small blue box. Note that this target price perfectly aligns with the previous key resistance-turned-support level. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COINBASE:BTCUSDShort
by stock_adelie
2
Market Watch: Trends, Patterns, and Trading OpportunitiesMarket Analysis - April 16, 2024 by André Cardoso The insights presented in this summary are intended to assist traders and investors in understanding market dynamics and identifying potential trading opportunities. I hope this summary proves to be informative and helpful to you, our readers, in your investment decisions and trading strategies. TVC:DXY The DXY is encountering channel resistance and exhibiting a bearish Gartley pattern. TVC:US10Y US10Y bonds are also nearing channel resistance and have already reached the target for the previously formed cup and handle pattern. OANDA:SPX500USD The SPX500 is currently trading near the 0.382% Fibonacci retracement level, potentially serving as a support element. FX:GER30 The German DAX is showing signs of potential short-term recovery after breaking previous lows and fractal support. OANDA:XAGUSD Silver is reacting lower after encountering channel resistance and hitting the target for the cup and handle pattern formed at lower levels. OANDA:WTICOUSD Crude oil remains in bearish crab pattern territory unless the geopolitical situation between Israel and Iran escalates; we still expect a pullback. FX:GBPUSD The GBP is forming a bullish crab pattern as previously projected. OANDA:NZDUSD The NZD is facing channel support; we should pay attention to tonight's CPI data. OANDA:USDCHF The CHF has completed what appears to be a five-wave structure to the upside in Elliott Wave theory, which opens the door for a pullback. OANDA:USDNOK The NOK printed a bearish shark pattern pushed at the 224% Fibonacci extension. Japanese Yen (JPY) Pairs: JPY pairs have printed a nice "V" shape recovery, but I still expect bullish crab patterns for AUD and NZD versus JPY to form at lower levels. OANDA:EURAUD The EUR/AUD pair may also be affected by tonight's CPI data; we have a bearish crab pattern projected at the golden Fibonacci extension to consider. OANDA:EURNZD The EUR/NZD pair is approaching previous highs and major resistance, with a bearish shark pattern on hold at higher levels. FX:GBPAUD For the GBP/AUD pair, I have a bearish alt-bat pattern projected at the 113% Fibonacci extension; if reached, it may offer a pullback to last week's previous resistance levels. BITSTAMP:BTCUSD To wrap up with BTC/USD, a bullish crab pattern that I projected earlier in the week at $60k remains my primary focus for the cryptocurrency. Printing new lows below $61,308 (new fractal support) will place the cryptocurrency very close to forming the projected pattern concretely at $59,462. Thank you for reviewing this summary of the financial markets. I hope it proves valuable for your trading decisions. Stay tuned for more updates, and more educational content. André Cardoso
BITSTAMP:BTCUSD
by Andre_Cardoso
Bitcoin's Halving Effect: Analyzing Patterns and PossibilitiesBitcoin's fourth halving, set to occur in less than a month, marks a pivotal event in its history, embedded within its code to occur every four years or after the addition of 210,000 blocks to the blockchain. These halvings are a cornerstone of Bitcoin's monetary policy, halving its supply growth rate each time. Expected around April 20, this upcoming halving will reduce Bitcoin's supply growth to about 0.8% annually. Historically, halvings have had a significant impact on Bitcoin's price, and this one appears to be no exception. Here's why purchasing Bitcoin before April 20 remains a prudent move. Each halving fundamentally shifts the supply-demand dynamics. By reducing the rate of new Bitcoin introduction, halvings create a scenario where, even with steady demand, the price must rise to compensate for the reduced supply growth. This trend is evident in Bitcoin's performance during halving years, where it has surged approximately 125% on average. However, it's the year following a halving that typically sees the most substantial gains. On average, Bitcoin has surged by an impressive 415% in the year following a halving. This means that an initial investment of $1,000 could potentially exceed $5,000. While past performance is not indicative of future results, there are compelling signs that this halving could follow a similar trajectory to its predecessors, if not surpass them. Renowned crypto analyst Benjamin Cowen's analysis suggests that Bitcoin's performance leading up to and during the current halving year mirrors historical patterns. Moreover, Bitcoin's current outperformance relative to past halving years indicates a potentially bullish trend. This halving is unique in that it occurs amidst a backdrop of fewer coins available on exchanges compared to previous halvings. Additionally, newly approved spot Bitcoin exchange-traded funds (ETFs) are expected to increase demand. However, it's crucial to provide context and consider Bitcoin's long-term trajectory. Historically, two years after a halving, Bitcoin's price tends to experience significant declines. Investors must adopt a long-term perspective, as Bitcoin's cyclical price movements indicate that patience is key. Bitcoin rewards those who endure post-halving declines, with each halving cycle compounding gains over time. While it's not too late to invest in Bitcoin, investors must understand the importance of patience and long-term holding. With a deeper understanding of Bitcoin's dynamics, investors can navigate the fluctuations of each halving cycle with confidence.
COINBASE:BTCUSDLong
by FOREXN1
7
💣 BITCOIN new ATH 75000$ 💣Hello 🐋 Considering the chart high volume, the shape of pattern, candles and support area 👌💪 I anticipate upside gains, with a primary target of at least 73k to 76k 📈🤞 it is logical to see some stop loss hunting and shadow candles too so watch your stop loss 🧨💣 it is possible to see some range movement or red candlesticks too 📚💡 beside 68000 is significant daily support area for this theory 📚✔ 👌 Attention: Take note of the price in the condensed chart (positioned below the primary chart in black). 📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
Long
by MadWhale
12