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BTC / BITCOINBTC/USDT Analysis: High Time Frame Insight The thick line on the chart represents a higher time frame, likely a weekly or monthly level. This indicates that the marked levels or events around this line could have a significant impact on the long-term price movements of Bitcoin. Current Price Action: The chart shows a gradual downtrend, which might continue until around August 18th, potentially marking a local bottom. Red dotted lines suggest periods where the market could reach local peaks, followed by possible corrections. Strategic Entry Points: Green lines represent optimal periods for considering long-term entry points, especially if the trend shows signs of reversal. The thick line, drawn from a higher time frame, suggests that current price action is occurring within the context of a broader trend, possibly leading to either a major correction or a substantial move. These time frames are crucial for strategic investment planning, as they indicate potential turning points in market sentiment.
by trushkovskiy
Bitcoin Analysis==>> Reversal Patterns==>>(Short term)Bitcoin moved as I expected in the previous post . Bitcoin is currently moving in the Support zone($60,800-$56,700) and near the Support lines . In terms of Classic Technical Analysis , Bitcoin seems to have succeeded in forming a Falling Wedge Pattern , and an Inverse head-and-shoulders Pattern is possible . Also, we can see Regular Divergence(RD+) between Consecutive Valleys. I expect Bitcoin to rise to at least near $60,000 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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
29
What to expect in coming days, is 52k legit?We all know BTC made a 30% dump and is still finding its way to go up. A weekly candle was gorgeous, but it doesn't mean we will see huge green candles right away. I am still in a short position and will consider closing my trade at those green-marked lines. To do that BINANCE:BTCUSDT must close a candle below 57.6k in the 4H timeframe. Remember, BTC can reach 49k which is the latest lowest point, and if BTC can close a candle below 49k in a weekly timeframe will create creating opportunity to go further down to 40k maybe even more. So as long as it is above 50k we have a chance to go up and look for entries.
Short
by terayu
1
ETHEREUM → A train can become a rocket. Key zone 2700 - 2800 ↑The market is buying back BINANCE:ETHUSDT after a big fall due to fear. Bulls kept the price below 2000 and now they are trying to keep it above 2500. The overall bullish backdrop is still in place..... A very promising technical situation is forming on W1. If the price returns to the global sideways range, we will have good prerequisites for a rise to 4000 - 4800. Fundamentally, everything is the same, the general background is bullish. The liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure. The key stations are the 2717 - 2817 area. If the bulls can overcome this resistance and consolidate above, thus forming a strong support area and an intermediate bottom, then the market will have an important and promising liquidity target above 4000. Support levels: 2518, 2425, 2400 Resistance levels: 2717, 2817 The whales continue to buy the asset after a strong fall, despite the fact that the chart looks bearish, there are key prerequisites indicating that the big players are still bullish. The focus is on the key resistance at 2717. After Friday's test and pullback, the price is back to the level, which increases the chances of a breakout. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Long
by RLinda
8
Bitcoin idea for the August - Fall 2024pulling fibbs from 222 days box in the bottom, which become fair value area, this is from where bitcoin was pumping hard for 300 days ( till today), there is another fair value area, below the current one. the GP of the fibbs are in confluence with previous zone volume profile, that gives me idea, that if price enters the mid box, it will visit this high node at 42500. which is in confluence with low leverage longs liquidations 1.5X-3X since the beginning of the year. this drop might bring either local bear market for few months, or some crazy V shape bounce and shoot towards new ATH. the market is not in the best condition around the world to make it a nice bull run, the market wants to take money and large liquidity is below. Fundamentals: greed corps will do anything to scare you to take your bitcoins and buy them, remember: you working for currency they print from thin air and they got it so much, that they can buy 21M bitcoins for the price of $1M/BTC, they will not stop buying everything in the world, just to have it and to control it. They are not your friends, M. Saylor is not your friend, bc he own bitoins and knows how to speak, he actually part of the market who buy it from you, when you sell it. the volume profile has two large nodes: 42500 and 27500. Everything can happen, be ready, at the end, bitcoin is a black hole, which will suck in the whole economy and finance.
COINBASE:BTCUSD
by OlegDC
Bitcoin Analysis | Follow-Up: Key Level & Potential TradeIn this video, I present a follow-up to my previous Bitcoin analysis, diving deep into a crucial key level. I’ll outline a potential trade scenario that could develop in the coming days and discuss why this setup is particularly interesting to me. I also explain which trading setup I prefer and why it’s the best fit for my strategy. If you find this analysis helpful, please give it a like and share your thoughts in the comments. Your support motivates me to keep creating valuable content for you!
Long
by SerenityEquity
1
BTC/USDT 🔍 BTC/USDT Analysis: Key Dates and Strategic Insights for the Bull Run and Beyond 🚀 The BTC/USDT chart reveals crucial upcoming dates that could significantly impact Bitcoin's price action: September 2, 2024 - Green Line: A potential local low, presenting an opportunity to accumulate BTC before the next leg up in the market. January 6, 2025 - Red Line: This date likely marks the end of the current bull run, with Bitcoin expected to peak around late December 2024. This could be the time to take profits as the market might enter a cooling phase. April 27, 2026, December 14, 2026 - Green Lines: These dates indicate potential local lows, providing ideal entry points for long-term accumulation. August 2, 2027, March 6, 2028 - Red Lines: Watch for these dates as potential local peaks. Strategic Accumulation (2026-2028) The period between 2026 and 2028, highlighted by the green lines, is projected to be the best time to accumulate BTC in preparation for the next Bitcoin halving. Investors should consider gradually building their positions during these years. Bull Run Conclusion & BTC Dominance The end of the 2024-2025 bull run is anticipated by late December 2024, with Bitcoin likely reaching its peak around that time. Additionally, Bitcoin’s dominance is expected to decrease to around 42-45% by mid-October 2024, signaling potential strength in altcoins during that period. Aligning your strategy with these key dates and market phases could help maximize returns and position you effectively for the long-term. #Bitcoin #BTCUSDT #CryptoAnalysis #MarketTiming #CryptoStrategy
Long
by trushkovskiy
Bitcoin Analysis==>>Last ChanceBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law . However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇 Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily) . According to Elliott Wave theory , Bitcoin seems to be completing the Triple Double Correction(WXYXZ) . I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern . Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!? Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again. 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; 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.
Short
by pejman_zwin
32
Look for Wyckoff in the right places.Since my partner @Mayfair_Ventures started talking bearish about BTC in March 2021, and also talking about Wyckoff theory, a lot of commentators picked up on it and made Wyckoff more widely known. Most likely they read up on it quickly and got some kind of understanding, but unless you have been using it for a while in anger, as in, making real trading decisions based on it, it's not that easy to use. There is ALWAYS a bigger picture to look at. Also, you rarely get a perfect Wyckoff. One person's spring is another's confirmation that this is a distribution. Like all trading, there is a combination of signs. Take this accumulation from Summer 2021. It only proved it was accumulation when it exited the ranger to the upside. You had to wait for the retest to get a sensible trade. Even then, the overall risk reward was at best mediocre, and no one in the crypto space had the patience to wait almost 7 weeks for it, instead getting rinsed at $50k and likely stopped out. And also remember the narrative was around the Elliott Wave that we'd outlined, because you can't just rely on Wyckoff, or any one thing , if you want a sensible trading strategy. Right now, for a number of sensible logical reasons outlined in the attached posts and videos, I am looking for Wyckoff Distribution. My bias is downward. If you want to know why, look at the other posts, I'm not re-hashing it all again here. The important thing is the pattern I expect to see, involving a significant break of the consolidation structure to the downside and then a retest of the zone. Hmmm.... I spoke in earlier posts about there being a chance of a final upthrust above the ATH, just to sucker the last few in. I think he chances of this are reduced to about 5-10% now, given recent price action. The middle of the consolidation ($66K) seems like the top for now. If it retests and fails, then it may be time to pull the trigger. Please bear in mind that BTC is now a mature instrument, and the days of exponential prices are gone. Good luck, because it's better to be lucky than good, most of the time!
COINBASE:BTCUSDShort
by Paul_Varcoe
BTC Update - Aug 9 2024just as expected, #BTC moved to fill the gap area but the upward move was a bit sharp so shorting BTC or other coins can be a bit risky now. if fact as long as the Blue trendline isn't broken, the upward move can continue. As mentioned earlier the gap area is now a resistance zone. Also there's a supply zone just above the gap area and is overlapping with the Gap. Thus, BTC is facing a heavy resistance at the moment. Some volume divergence can be seen but there's no price divergence yet. We'll have to continue observing the chart to see if BTC faces a strong rejection or not.
Short
by AlgoBotTrading
5
$BTC - Now vs Mar 2020 (COVID scare)In the Mar 2020 COVID crash, we had 3 distinct highs in a 259 days corrective phase 📉. Price crashed due to macro factors and seemingly broke bull market structure but it managed to find support at the 200W SMA. A 399 days of expansion phase then began after CRYPTOCAP:BTC bottomed and a V-shaped recovery followed 📈. The duration of the expansion phase is about 1.5x of the corrective phase until we see a top (arguably the cycle top). Fast forward to the current crash. We also had 3 distinct highs in a 149 days corrective phase 📉. Price crashed due to macro factors and had seemingly broken the bull market structure. For now, it seems that CRYPTOCAP:BTC had found some support at the 50W SMA. If, and that is a big IF, we do get to see a V-shaped recovery, perhaps the expansion phase will once again be 1.5x the duration of the corrective phase and we might see the top coming in Q1 2025. This is obviously highly speculative and I certainly won't bet on it. However, it is still an interesting prospect.
BITSTAMP:BTCUSDLong
by culgin
$BTC $9k-12k nextIf we look at the chart from the bigger picture view, you can see that since the 2020 run up, we've just been consolidating in a range between $16k-73k. Since price has tapped FWB:73K , we've been forming a series of lower highs and I think we're about to see a large move lower. The price action doesn't look bullish at all. Originally I was open to the idea that we see one more high . However, with the recent price action, I think my bearish view is about to play out. Even with todays move higher, we've just rejected where price broke down from last week and I think price is set to have a large move lower over the coming weeks. While bulls are calling for new highs, and bears are thinking we fall to $48 K - 44 k, I actually think we're falling much lower down under $20k. Why? Because most people don't even think this is a possibility anymore and markets tend to do what causes the most pain to the most amount of people. If you look on at the chart on the monthly timeframe, I have monthly sell signals between the RSI forming a triple bearish divergence, red heikin ashi candles, a sell signal on a custom indicator I use, and very little support under the $40k level. The chart looks like it's headed for a major crash. That combined with all risk assets falling at the same time, I think we're going to see a massive unwind of risk. This has nothing to do with the fundamentals around bitcoin, as I'm a long term bull, it has everything to do with an unwind of leverage across risk assets. If we can get down to the box, that's where I'll be a buyer again. What would change my mind? We start seeing higher lows being formed on higher timeframes (Weekly). What goes up quickly, comes down quickly. Let's see how it plays out over the coming months.
BITSTAMP:BTCUSDShort
by benjihyam
20