BTC struggles again at resistance area#Bitcoin peaked "yesterday" morning. So far today it is holding the RED Mov Avg, arrow.
We see 3 bullish moving avg crossovers shown by the circles.
Volume has been mostly selling, but holding well. Interesting to say the least.
CRYPTOCAP:BTC RSI is a tad weak, which is concerning.
Btc-bitcoin
Should you be selling your #Bitcoin for #TSLA right now?These types of rotations and range trades offer investors fantastic opportunities
if these relationships continue.
We have seen this for Bitcoin and it's ratio's to stocks/metals & altcoins is not a one way trade as it ONCE used to be.
2009 - 2017 was the golden #crypto era when gains were the easiest to acquire.
However the low hanging fruit has been totally plucked, as #BTC's returns have crawled to not much more (or sometimes less) than the leading stocks of the day.
I still maintain a $140-145k price target for this cycle for bitcoin
But I also have a very aggressive long term price objective for #TESLA of $1000
(which is around 3 trillion dollars market cap)
BTCUSD / Bullish Momentum Amid ConsolidationBitcoin Technical Analysis
Current Outlook:
Bitcoin has surged from the demand zone, stabilizing above $64,905. Trading above $64,910 suggests further upward movement, potentially breaking $70,000. The price is expected to consolidate between $64,900 and $70,000 until a breakout.
Bullish Scenario:
If Bitcoin remains above $66,180 and $64,900, it could reach $70,000. Stability above $70,000 confirms a bullish trend, targeting $73,800.
Bearish Scenario:
Stabilizing below $62,400 targets $59,950. A 4-hour candle close below this level confirms a downtrend.
Key Levels:
- Pivot Line: $67,290
- Resistance: $70,000, $73,800, $76,500
- Support: $64,900, $62,410, $56,900
Expected Range:
Bitcoin is expected to move between $64,900 and $70,000, with a bullish trend.
previous idea:
BTC...a big move is brewing!Bitcoin keeps finding sellers off the SWB:69K previous all time high 2021 resistancce.
We have not had a definitive break above that are for quiet a long time.
If the bears reject price again were likely going back to 50K.
If the bulls can get above this level and hold some weekly closes we may have a move to 95K in a few months.
Very ley price action is set to unfold.
Use caution in this are.
BTC to ATHThis is a chart I prepared a few months ago. I never shared it. BTC got in the "Buy Zone" just briefly. Now we have set a series of higher lows. This is a Bullish setup. I see a break from previous resistance with strength to go higher. ATH in the near to medium term.
Stack Sats on pullbacks and don't over-trade.
Not your Keys. Not your Crypto.
Stay safe my friends.
Annual Bitcoin Conference 2024==>>ExpectationsBitcoin moved as I expected in previous posts . The question here is whether the upward trend of Bitcoin continues or not!?
I apologize for the that the chart is a bit busy. I think all was needed😊.
🌐 Breaking News : As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets. 🌐
Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 in the resistance zone , and now we have to wait for corrective waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
In addition, if we look at the USDT.D% chart , we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone , which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market.
As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024 , and if Bitcoin breaks the Support lines , the Support zone($64,000-$62,280) , 100_SMA(Daily) and 21_SMA(Weekly) , we can wait for the CME Gap($60,845-$57,895) to be filled.
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Now, let's get some information about the Annual Bitcoin Conference .
The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community.
My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017.
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The year 2017:
Date: May 22-24
The main market trend: Bullish
Bitcoin changes during the conference(%): +7.66%
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The year 2018:
Date: May 14-16
The main market trend: Bearish
Bitcoin changes during the conference(%): -4.27%
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The year 2019:
Date: May 13-15
The main market trend: Bullish
Bitcoin changes during the conference(%): +11.87%
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The year 2020:Covid
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The year 2021:
Date: June 4-5
The main market trend: Bearish
Bitcoin changes during the conference(%): -5.6%
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The year 2022:
Date: April 6-9
The main market trend: Bearish
Bitcoin changes during the conference(%): -6.89%
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The year 2023:
Date: May 18-19
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): +2.00 %
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The year 2024:
Date: July 25-27
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): ❗️❓ %
What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise?
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It can be concluded that when the general trend of the market is bullish , Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024.
But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction.
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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; 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.
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*
BTC → a little bit correction!hello guys.
let's start to analyze Bitcoin!
Double Top Formation:
The chart clearly indicates a double-top pattern, which is a bearish reversal pattern. This suggests that the price might face downward pressure in the short term.
Support and Resistance Levels:
Resistance: The price faced resistance around the 68,000 USDT mark and failed to break through, forming the double top.
Support: The purple-shaded areas around 65,000 USDT and 64,500 USDT mark potential support levels where the price might find some buying interest.
Breakout and Retest:
The price has broken below the neckline of the double top pattern and is currently retesting this level. A further decline towards the lower support levels is likely if the retest confirms the resistance.
Trend Lines:
An upward trend line has been broken, indicating a shift from bullish to bearish sentiment in the short term.
Potential Scenarios:
Bearish Scenario: If the price fails to reclaim the neckline and the support at 65,000 USDT doesn't hold, it could drop further to the next support around 64,500 USDT.
Bullish Scenario: If the price manages to break back above the neckline and sustain the momentum, it might retest the recent highs of around 68,000 USDt.
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Bitcoin will go up again==>>Short termBitcoin made the corrections I had expected in previous posts .
Bitcoin is moving near the Heavy Support zone($63,410-$62,280) and Support lines .
I expect Bitcoin to rise by touching the Support lines and Support zone($63,520-$63,240) .
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Balla is still Bullish on BITCOIN. Cup & Handle pattern. The trend is still our friend.
I still see bullish developments in the price action.
We must have patience.
Dips still must be bought.
The plan hasn't changed.
We still aiming for that time period of 9 -15 months post #BTC Halving.
We are only one month down :)
THETA - Set for a +50% Rocket Ride?We’ve had an interesting move with a retracement to the Fibonacci 0.618 level and it looks like a head and shoulders pattern is forming.
Fibonacci Retracement: The price has retraced from the entire wave down to the 0.618 Fibonacci level.
Head and Shoulders Pattern: A head and shoulders pattern seems to be forming, which could lead to a significant price movement if it plays out.
Long Trade Setup:
Entry Points:
Immediate Entry: Consider entering a long position now at the current price level.
Confirmed Entry: Alternatively, wait for a break above the right shoulder and confirm with volume before entering a long trade.
Potential Gain:
Target: If the head and shoulders pattern plays out, we could see a +50% move towards the 0.618 Fibonacci level again.
Volume Monitoring:
Confirmation: Watch the volume closely to confirm a real breakout before making the trade.
Ready to catch the Theta wave? Let’s see if we can ride this setup to some serious gains!
BTCUSDT Forms Bearish Head and Shoulders: 5% Downside Target in Bitcoin (BTCUSDT) is showing a classic bearish head and shoulders pattern, signaling a potential trend reversal. This technical formation, considered one of the most reliable trend reversal indicators, suggests that the current bullish trend may be nearing its end.
The pattern consists of three peaks, with the middle peak (the head) being the highest, flanked by two lower peaks (the shoulders). As the price breaks below the neckline, it confirms the pattern and indicates a likely downward movement.
Key points to consider:
Pattern confirmation: Watch for a decisive break below the neckline.
Entry point: Consider entering a short position upon neckline breakout.
Stop loss: Place a stop loss just above the right shoulder for risk management.
Profit target: Aim for a 5% downside move from the breakout point.
Traders should exercise caution and use proper risk management techniques, as no pattern is guaranteed to work every time. Always conduct thorough analysis and consider multiple factors before making trading decisions.
#Bitcoin #BTCUSDT #CryptoTrading #HeadAndShoulders #TechnicalAnalysis #BearishPattern #CryptoMarket #TradingStrategy #CryptoTrends #RiskManagement
Key levelsConsidering the ascending trendlines and the price being above the Ichimoku cloud, the current trend of Bitcoin to Tether is bullish. To maintain this uptrend, the price needs to surpass the resistance at $67,424 and move towards the next resistance at $69,686. If the price decreases, the supports at $65,264 and $63,618 can act as key levels to prevent further decline.
Main Resistance: Located at $69,686, which is a level where the price has stalled multiple times.
Next Resistance: Located at $67,424, which the price is currently trading near.
Main Support: Located at $65,264, which can act as a support level if the price declines.
Next Support: Located at $63,618, near the Ichimoku cloud.
$BTC former support is now the resistance#bitcoin #btc price seeks to reclaim the channel and now reached the resistance zone. Declination from the red box or channel bottom resistance will likely lead #btcusd to meet new lows. Reclaiming the ascending channel will be temporary bullish. Not financial advice.
Suspicions of an Bitcoin correction.For Bitcoin, a similar correction formation could result in a ±10% move to the $60,000 range, targeting the 50% Fibonacci level.
In the general group, I mentioned a possible correction for Bitcoin to around $60,000 and Ethereum to $2,800-$3,000. I have decided to temporarily exit my positions. If the correction occurs, we will look for entry points at lower levels.
#btc #bitcoin
A Case Study: 5t Altcoin MarketGood evening lads,
I've been working on this chart for a little while, and as much as I believe it's not done yet, I wanted to share it with you guys.
Maybe you can spot something that I haven't yet and it'll allow me to adjust it.
I believe this next move up will impress a lot of people, and we might see a 5t alts market within the next year.
Fingers crossed cause this would bring a lot of profits!
Trade thirsty, my friends!