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HelenP. I Bitcoin will make small move up and then continue fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rose to resistance 2, which coincided with the resistance zone and broke this level. Then it rose a little higher than the resistance zone and some time traded near until it reached the trend line and then BTC started to decline. In a short time price declined to resistance 1, which coincided with one more resistance zone, breaking resistance 2. As well, the price started to trades inside the wedge, where it rebounded from resistance 1 and tried to grow, but failed and soon dropped back. Some time later BTC fell to the resistance zone and at once rebounded to the trend line, which is the resistance line of the wedge also, and then declined to the support line of the wedge, breaking resistance 1. Recently price bounced up to this level and tried to break it, but failed and now trades below. In my mind, BTCUSDT will make a small movement up and then continue to decline to support line of the wedge. Therefore I set my goal at 54800 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
15
(BTC) bitcoin "auto fib retracement - 100"BTC falling beneath the 100 auto fib retracement. Other cryptocurrency also beneath the red layer of the auto fib retracement include; AVAX, BADGER, CELO, COIN, CURVE, DASH, EGLD, HFT, KSM, MINA, RAD, SUSHI...and ICP is in the red unlike the other top traded cryptocurrency remaining in green, neutral or blue areas of the auto fib retracement. Others below the red line include: IMX, SUPER, AUCTION, PERP, IDEX, NMR, OGN, YFI, BLUR, DYP, STORJ, UMA, AXS, BTRST, SEI, APE, C98, DIA, LDO, METIS, GRT, TIA, MATIC (POLS), XCN and FX. Still no info from the newly listed tokens/coins of 2024.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
Bitcoin Roadmap!!!Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600) . From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Reversal Pattern , and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin . From the point of view of Elliott wave theory , Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5) , which was the end of wave C , $55,600 . Also, we can see Regular Divergence(RD+) between Consecutive Valleys. A head and shoulders pattern could form , causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible 👇 I expect Bitcoin to move according to the movements I have outlined in the chart . Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least). Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
26
BTC Swing Long to 65k & 70kTrade Idea: Bottom for Bitcoin Might Be In This chart suggests that Bitcoin may have found its bottom, with the potential for a bullish reversal. The following elements highlight this outlook: 1. Liquidity Zones: - Liquidity/TP1: The chart highlights a take-profit zone (TP1) near the $64,000 level, where liquidity is expected to reside. This is the target area for the long trade. - Prev. Monthly High: This is noted above the $70,000 level, potentially acting as a higher resistance level and extended target if momentum continues after TP1. 2. Entry Zone: - The gray shaded area near the $55,000 level represents the entry zone, with liquidity around this price. This suggests that the price may have tapped into an important liquidity pool before starting its upward movement. - External Liquidity: This region below the current price might have acted as a liquidity sweep, further confirming the bottoming pattern. 3. Fair Value Gap (FVG): - The chart identifies a FVG (Fair Value Gap) around the $56,000 level, which could act as an area of interest. Price has filled this gap, possibly signaling the completion of its downward move. 4. Market Structure: - The market appears to have tested lower liquidity levels and rejected them, potentially signaling that a local bottom has been established. The price action shows consolidation in the entry area, indicating accumulation before a potential upward move. This trade idea would be well-suited for traders anticipating a medium-term bounce after Bitcoin’s recent downward movement.
Long
by SerenityEquity
Bitcoin In DANGER: Price Band ReversalIn this analysis I want to come back to an analysis I made back in March and June this year. I talked about my Logarithmic Price Bands indicator and how it has successfully predicted a BTC top around in the yellow band. Over two months after the analysis, the price has fallen through the yellow price band again. It's looking like BTC is losing upward momentum quickly. The final nail to the coffin of the bullish trend would be some sort of -10% or larger drop in a single day. Stocks are also eyeballing a recession risk with the bond yield inversion un-inversing, so it's not far-fetched that BTC can drop 30%-40% from its current value. The long-term trend is still relatively bullish, but we can't have too many weeks more of this slow bleeding, it's killing momentum and interest, which is bearish. Ideally, one would start scaling in once the price reached the green area, which is currently located between 18k - 41k. I highly doubt BTC will go below 30k again (looking at the BTC dominance), but you never know. Bulls have to really start showing some force. Not just a few days of +1% or +2%, but a real >10% break out to stop this 6-month pattern of bleeding. Share your thoughts!
INDEX:BTCUSDShort
by FieryTrading
11
BTC Potential 1.5 R Trade1. Market Structure: - MSS (Market Structure Shift): The chart indicates a shift in market structure (MSS) at the marked point. This typically indicates a potential change in the market's direction, possibly from bearish to bullish or vice versa. 2. Liquidity Zones: - Liquidity: There is a horizontal line labeled "Liquidity" at a higher price level. This suggests that the trader is eyeing a potential price movement towards this area where liquidity might be resting, which could be targeted by large market players. - Ext. Liquidity (External Liquidity): The area at the bottom (marked as "Ext. Liquidity") could represent an area of interest where sell-side liquidity might be present. This is possibly a support zone where the price may reverse after liquidity is taken. 3. Entry Zone: - The chart highlights a gray shaded area (just above the external liquidity) as an "Entry" zone. This is where the trader plans to enter a long position, expecting the price to rise from this support level. 4. Target Zone: - Take Profit (TP) Level: The target zone is marked with a blue rectangle, stretching to the liquidity level. This area indicates where the trader expects to exit the trade, anticipating that the price will reach this higher level of liquidity. 5. Risk-Reward Consideration: - The trade setup suggests a favorable risk-to-reward ratio, as the entry is near a support level with the expectation of a significant price movement toward the upper liquidity area. 6. Time Frame and Context: - The 4-hour time frame suggests this is a medium-term trade, potentially taking a few days to play out. The context of the larger downtrend (visible on the left side of the chart) implies that the trader might be looking for a corrective move upward or a reversal after a significant downtrend.
Long
by SerenityEquity
$BTC is trending down into new value areaLiquidations have cascaded after a strong sell off happened into Asia open. The drop has intensified probably because of Nvidia NASDAQ:NVDA , posted the biggest single-day loss of market cap by any stock in history today. Open Interest ramped up noticeably as perps are trying to lift the market on ByBi t and Bitfinex after the strong selling led by Coinbase . Open interest has now completely reset and CVD is picking up as well. We had a strong down move taking the previous low at 56k Now what we want to see is for the price to find acceptance back into VAL (value area low) If we can hold 56k here, I'm expecting a move toward 57.8k And if we can flip 57k into support, an expansion to 58.6k to 59.2k is very likely.
by Tealstreet
2
Bitcoin Analysis==>> Reversal Patterns==>UP/UP/UPBitcoin is moving near the Support zone($58,000-$56,600) . Regarding Classic Technical Analysis , Bitcoin seems to have succeeded in breaking the upper line of the Falling Wedge Pattern . It is also possible to form the Inverse Head and Shoulders pattern . Regarding Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . This wave is part of Corrective Waves . Also, we can see Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to go UP to at least the target of the Falling Wedge Pattern . My previous post titled " Bitcoin Analysis==>> Pumping Again==>>Short term " is still valid Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $55,000(at least). Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
26
Spicy Wednesday: Share Your Most UNPOPULAR Crypto OpinionToday I want to try something different. I want to talk about your most unpopular opinion, the kind of opinion that will get you a lot of 🤡 emoji's on here and other forums. This is your chance to share your widely unaccepted opinion. Most might disagree, but deep down you still know that you're right. Here are a few of mine that might rustle some leaves: - 99.9% of alts are vaporware. - The previous cycle top was in April '21. The November top was 'faked' by FTX. - Nearly all investors are better off to dollar-cost-average into BTC or ETH and should stay away from day-trading. - Exchanges will actively trade against you if you trade with larger amounts. - NFT's are useless and a scam. Are the opinions above spicy enough? Hit me with your worst and let's have a sensible discussion.
COINBASE:BTCUSD
by FieryTrading
21
Ethereum 8-Year Rising Wedge: Bearish Break Out!In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week. From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow). Might be a hot take, but most alts have been performing extremely poor recently and are down 60%-80% from their 2024 tops. Bitcoin is holding up relatively well, but that's because the BTC dominance increased by a factor of ~1.4x this year. Money is flowing out of alts (including ETH) and moving to stables and BTC. What do you think? Will ETH drop more, or go back up?
KRAKEN:ETHUSDShort
by FieryTrading
12
Bitcoin has finally closed above its weekly channelAfter two days of fluctuating, Bitcoin has finally closed above its weekly channel, and global markets have reopened. Currently, BTC is positioned on the significant weekly support at $57,000, where we are awaiting a suitable reaction that could drive the price back up. On the higher timeframes, we are observing the formation of a potential ascending triangle above the monthly support level. This pattern could lead to a final correction before initiating wave 3 of an upward move. However, this process might extend over the next few months.
by MonoCoinSignal
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins. Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do? Now into the analysis. The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump. As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value. In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value. Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further. There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto. Happy to hear your thoughts.
CRYPTOCAP:TOTAL3
by FieryTrading
16
BTC Retracement to $30k levels. After US elections pump to $90k.Bitcoin appears to be forming an inverse head and shoulders pattern on the larger timeframes. A potential drop to the $28k–$32k range could mirror the corrections seen in previous bull runs, creating a textbook inverse head and shoulders pattern. A price target of $90k is derived from the measured move of the previous post-drop rally, further supporting this bullish scenario. Additionally, a smaller inverse head and shoulders pattern, formed between January 2022 and January 2024, has already played out, reaching its projected target. This reinforces the reliability of the pattern in the current market context. Several key factors suggest that a pullback to the $30k region could be highly bullish: 1. The large inverse head and shoulders pattern suggests a potential move to $90k from $32k. 2. The 200 SMMA is expected to align with the GETTEX:29K –$30k range when BTC reaches that level. 3. The 0.786 Fibonacci retracement level is at $27.7k, with the golden zone around $36.5k. 4. On the weekly chart, the only occurrence of the "Three White Soldiers" pattern is within this price range. If no weekly candle closes below $30,250, it would be another strong bullish signal. 5. The previous bull market correction aligns with a current target of approximately $37k. 6. Notably, BTC has yet to experience a significant correction during this bull run. In summary, a dip to around $28k, followed by a weekly close within the bullish Three White Soldiers price range (above $30k), would likely signal a continuation of the bullish trend and me opening a long term long. However, the upcoming FOMC meeting on September 17-18th could introduce volatility. If rate cuts occur as expected, this has historically been a bearish event. Coupled with current global developments, it suggests BTC might be in a bear phase that could extend until after the 2024 U.S. presidential elections. If former President Donald Trump isn't re-elected, the current bull run might be at risk. The U.S. government has discussed unrealized gains taxes for millionaires, which could drive wealthy investors away from risky assets like crypto. Additionally, the market's sentiment appears overly bullish, with many top traders providing optimistic analyses despite bearish signals. This often precedes a market reversal. I'm keen to hear your thoughts and ideas on this analysis—please share your perspectives!
BITSTAMP:BTCUSDShort
by Achilly
Bitcoin Approaching Cycle End - Next MovesGM! It’s Strategy Master here - the only guy in crypto where you won’t pay for signals or get crushed with basic TA. Bitcoin is nearing its 60-day cycle bottom. Why does this matter? For long-term holders, it’s a signal that Bitcoin’s strength is about to shine with a bounce. For traders like us, it’s a golden opportunity for a profitable trade. How can I know if the cycle has ended? Here are 5 signs: The price closes above the 10-day Moving Average; An increase in volume (like a bigger sell-off); There’s a crash, a retest of the resistance line, and then another crash to form the final cycle low; The lowest point is retested (with good volume (!)), but no new low is established; The price moves above the current resistance zone. Now, let’s see how the current potential cycle bottom stacks up: The 10-day moving average is at $61,000, but the price is still below it. ❌ A slight increase in volume is noticeable. 🙂 We saw a crash to $57,300, but no retest of the resistance line and no second crash yet. 🙂 The lowest point hasn’t been retested yet. ❌ The price hasn’t climbed above the current resistance zone. ❌ As you can see, confirming a cycle bottom is only possible after the fact. Right now, none of these conditions have been fully met. However, buying close to the cycle bottom often leads to positive returns within days or weeks. The first days of a new cycle are usually marked by a big green candle. Take the previous 60-day cycle bottom on July 5th, for example. It was fully confirmed a week later, on July 13th, when the price crossed the resistance line at $58,630. The 10-day moving average was crossed at $57,538, confirmed with a closed candle. ✅ Volume increased for three days straight, peaking on July 5th. ✅ The price crashed to $58,600 on June 24th, tested the resistance line at $63,000 on July 1st, and the final cycle low was established after another crash on July 5th at $53,700. ✅ The lows were retested with good volume at $54,300 on July 8th, with no new low formed. ✅ The price went above and closed above the previous resistance zone on July 13th. ✅ By July 13th, all five conditions were met, signaling that the cycle had ended.
BITSTAMP:BTCUSD
by TheStrategyMaster
8
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart; Bitcoin chart in its simplest and broadest form. 3 months. What do you see? Let me make my own interpretation first, then share your thoughts. In 2022, it went to the IMB region, took its support and made its current peak. The breakout was MSS because it closed above it while doing so. This is an uptrend signal. And again it visited the IMB zone for support. This candle is a June candle, so the next candle opening will be in October. I hope this is clear enough for those who say there will be no more bulls.
Long
by ugurtash
4