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BITCOIN Global liquidity sending a major rally signal.This is not the first time we associate Bitcoin (BTCUSD) with our unique Global Liquidity (GL) metric (orange trend-line) and it will certainly not be the last. We are just making a highly critical update as GL is rebounding after April's Higher Low. At the same time, BTC is testing for the 5th month its ATH trend-line (has technically broken it, so we can't be talking about a rejection) and every time these two parameters have taken place in past Cycles, the price started the parabolic rally phase. As the Sine Waves very illustratively shows us, this happens every 1400 days and on August we complete this condition. Can this be the final warning to buy? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
$BTC is heading to a major bearish retest?I sense #btc #bitcoin price may have a fake out, take liquidities around 72 - 77K and a declination around 75K scenario will lead #btcusd to its last leg of major correction. I called the major correction in mid march at 73K and gave 1st wave target 57K and now if this scenario does not invalidated, the last wave must end around 44 - 48K. If #btcusdt breaks out 80K permanently with weekly closings, this bearish retest will be invalidated. Not financial advice.
by naphyse
Bitcoin's Next Move: A Surge or a Dip?Potential Scenarios for Bitcoin Price Movement Scenario 1: Temporary Growth Followed by Significant Decline In this scenario, Bitcoin's price experiences a moderate increase, reaching resistance levels around $72,000. This level is significant as it has previously acted as a psychological barrier and technical resistance point. Traders and investors are likely to closely monitor this zone for potential profit-taking and market reaction. After hitting this resistance, Bitcoin might face a sharp correction, driving its price down to the $60,000 - $56,000 range. This decline could be attributed to several factors, such as: 💥A wave of selling pressure from traders locking in profits at the resistance level. 💥Changes in global financial markets or negative news impacting investor confidence. 💥Announcements or developments that create uncertainty around cryptocurrency regulations. In more extreme cases, the price could even drop to $52,000. This deep retracement would likely shake out weaker hands and create a more robust foundation for future price movements. Such a decline could also attract new investors looking to buy Bitcoin at a perceived discount. Scenario 2: Continuous Growth Leading to New Highs Alternatively, Bitcoin's price could break through the $72,000 resistance and continue its upward trajectory. In this scenario, the price reaches and surpasses $73,000, fueled by strong bullish sentiment and favorable market conditions. Key factors supporting this upward movement might include: 💥Growing acceptance of Bitcoin by institutions and mainstream financial entities. 💥Developments such as ETF approvals, partnerships, or technological advancements within the Bitcoin network. 💥 A positive feedback loop where rising prices attract more buyers, further driving the price up. Upon breaching the $73,000 mark, Bitcoin could experience a rapid ascent to $88,000. This surge would likely be driven by a combination of FOMO (fear of missing out) among retail investors and strategic buying by institutional players. Both scenarios highlight the volatility and potential of Bitcoin's price movements. For investors and traders, understanding these possibilities is crucial for making informed decisions. Scenario 1 suggests caution, as the market might be on the verge of a significant correction after reaching the $72,000 resistance. Investors should be prepared for potential downside risks and consider strategies such as setting stop-loss orders or taking profits at key levels. Scenario 2 presents a more optimistic outlook, with the possibility of new all-time highs. Investors should stay informed about market trends and news, as these can significantly impact Bitcoin's price trajectory. In this bullish scenario, holding positions or even increasing exposure to Bitcoin could prove beneficial. In both scenarios, market participants should remain vigilant and adaptive, ready to respond to changing conditions in the highly dynamic cryptocurrency market. 🧐Which Scenario Do You Lean Towards? Share Your thoughts in the comments!🙏 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
COINBASE:BTCUSD
by RocketBomb
7
The cyclical nature of Bitcoin by RB Hello, dear friends!😊 I present to Your attention a weekly chart of Bitcoin, which includes price action since 2016, helping us to see a more complete picture and forecast further price behavior.👍 Today, let's focus our attention on the cyclical nature of Bitcoin . The cyclical nature of Bitcoin is a concept based on observing repetitive patterns and phases in its price dynamics. On the chart, You can see a huge ascending broadening wedge, which I marked in white 🤍. The price has been within it since 2016. 😳 At the moment, it can be assumed that the price is aiming for the upper boundary of this wedge. 🚀 Inside this wedge, I noticed a very interesting regularity, which I'm eager to share with You.❤️ For the THIRD time, every three years, after the distribution phase (marked in orange), the price follows a significant rise of 550 percent, followed by the formation of a descending wedge, which ends with the same distribution phase and subsequent rise. If we assume that this cyclicality is true and will repeat more, then by the end of this year or the beginning of the next, Bitcoin could reach $160,000.😱 🧐What do You think about this? Is this scenario realistic? What are You waiting for and what are You counting on? Share Your thoughts with me in the comments!🙏 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
10
Bitcoin Maintains Key Support Amid Political ShiftsWild Week in Crypto: The cryptocurrency market has seen a tumultuous week, with several crypto innovators seemingly shifting their political allegiance to gain further regulatory clarity in the upcoming election cycle. Key Technical Support: Bitcoin experienced a significant surge last week, maintaining its crucial support in the $50,000-$55,000 zone. This level is vital for the bullish outlook to remain intact. Price Pattern Evolution: Bitcoin's price pattern has evolved, forming a descending price channel, which is a continuation pattern. Breakout Confirmation: For Bitcoin to confirm a breakout, it needs to close above the upper trendline of this formation or above the $70,000-$72,000 range. Potential Rally: If Bitcoin achieves this breakout, it could potentially rally to the $90,000-$92,000 range. The market is closely watching these levels as they play a critical role in determining the next major move for Bitcoin. Stay tuned for updates as Bitcoin navigates these critical levels and potential political shifts! 🚀📈 #Bitcoin #BTC #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #SupportAndResistance #Bullish #RegulatoryClarity
BITSTAMP:BTCUSD
by Richtv_official
Bitcoin: I Was Wrong! Learn From My MistakesIn my most recent Bitcoin analysis I talked about further bearish pressure and a bearish breakout from a bear-flag pattern. That didn't play out as expected. Actually, BTC saw an almost 30% pump from the lows. In this analysis I want to talk about what I did wrong and how you can learn from my mistakes. Mistake 1: not zooming out and only focussing on one timeframe. In the previous analysis I failed to see that BTC was actually trading at a support (bottom yellow line). Never short into a support and never long into resistance. Mistake 2: the trend is your friend. Bitcoin has been trading in a dominantly bullish trend since January of 2023. Yes, there's been some dips here and there, but nothing crazy. It's more likely that BTC will go up that down over the next months. Mistake 3: don't short when BTC hit's oversold on the RSI. Always keep an eye out for the oscillators (my favorite is the RSI). BTC has hit oversold on the daily for the third period since 2023, patient bulls will be buying! In short, I was wrong. Should've done more research and follow simple trading rules. Learn from my mistakes and become a better informed trader. For now, I'm waiting for a new all-time high to be reached. In which case, 100k is the next target. Let's hope for a great Q3 and Q4!
Long
by FieryTrading
25
Bitcoin is Ready to Attack to Heavy Resistance zoneBitcoin moved as I expected in yesterday's post and managed to break the descending channel and Resistance zone($65,500-$64,850) . According to Elliott's wave theory, Bitcoin is completing the main wave 5 . I expect Bitcoin to start rising again after the minor correction and attack the Heavy Resistance zone($67,930-$66,160) . Do you think Bitcoin will break the Heavy Resistance zone($67,930-$66,160)❗️❓ 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
26
BTC still looks good to head higher,still upside bias Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week mentioned about its bullishness...and it went up higher..this week at the current 67-68k might face some headwinds. But Clearing this should see more up side to last high at 72-ish! 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"! -- ********************************************************************* 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. *********************************************************************
ICMARKETS:BTCUSDLong
by Shadowing_The_Big_Boys
Several buy signals on $BTC right nowA lot to see here, but focus on the 3 large blue numbered arrows, as they will tell you a nice story: Arrow 1 - Detonator B Oscillator: note how he have now just market a green buy dot near the bottom of oscillation, together with a rising RSI (the light blue line going up) Arrow 2 - Detonator C Oscillator: note the MA red line is just about to cross up the MA average orange line, signaling a up trend forming Arrow 3 - Price has just touched the 200 EMA 1D green line and rebounded; here one of this last several days biggest resistence is this Fibonacci Circle (marked in tick green); a blue box buy signal has just appeared too on the Hodlfire Indicator So... we have a lot of buy signals now; once the Fib Circle resistence is broken; that will be the confirmation signal!
BITFINEX:BTCUSDLong
by CCCLopes
BTC - Bullish continuation - Fall 2024I believe we will see a bullish continuation for Bitcoin in the coming fall of 2024. This prediction is supported by several key factors, including the anticipated rate cuts by central banks and an overall positive market sentiment. Historically, rate cuts have led to increased liquidity in the market, which often boosts the prices of risk assets like Bitcoin. Additionally, the growing institutional adoption and the maturation of the cryptocurrency market are likely to contribute to this bullish trend. Along with the US elections.
COINBASE:BTCUSDLong
by souledoule
Bitcoin - Next Resistance is Previous ATHAfter price has consolidated around the 200 EMA range price has bounced back from the 200 EMA. Also price has broken local resistance around 65K which was crucial to for the bullish trend to continue. Currently price is around 67K and heading towards the resistance which is around the previous ATH 73K (overall resistance zone is around 70-73K range) I'm expecting price to easily breach the 75K barriers and we have decent trade opportunity here. We can enter a long trade at the current price with local support of 65K as the SL Entry Price: 67K Stoploss: 64K Target 1: 68K Target 2: 69K Target 3: 70K Target 4: 72K Don't forget to keep stoploss. Cheers! GreenCrypto
Long
by GreenCryptoTrades
3
BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFPBINANCE:BTCUSD is experiencing times of high fear and negative sentiment among the crowd. From a psychological point of view, this could end in a bullish momentum. But there is always a but! For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange Mt.Gox to its debtors and BTC sell-offs by German authorities: Germany will get rid of all its BTC in two days. (at the current pace of sales). Yesterday, 16,038 BTC were transferred from the country's government wallet to various crypto exchanges and market makers. Since June 19, 26,071 BTC have been sold. There are only 23,788 BTC left on the wallet In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom. Judging by the growth of volumes and price entry into the area of the lower boundary of the "flag" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 58500-53500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance. Resistance levels: 58500, 64000 Support levels: 53500, 53000 Fundamentally, the environment is difficult due to Germany and Mt.Gox, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC). Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
AVAX: Scouting The Best Entry After More PAINAVAX has been trading inside this bearish channel for several years at this point. It's very plausible that AVAX will break through the top resistance if BTC keeps going up, hence the reason that this is not a short-signal, but rather a "buy from here if we go down again" - signal. IF AVAX starts losing value again, I'm keeping an eye at the bottom support of the channel to make a long-term bullish entry. Remains to be seen whether this support will ever be hit again, but better to be prepared in case it does!
Long
by FieryTrading
14
BITCOIN Bull Flag ready to do its job.Bitcoin (BTCUSD) is approaching the top of the 4-month Bull Flag pattern and is technically ready to break above it. When it does, expect a parabolic break-out as this will be a bullish structure within a long-term Channel Up (blue) breaking above the All Time High (ATH) trend-line. ** Bull Flags are a norm ** Similar Bull Flags that broke above the exact same level in previous Bull Cycles, started exactly what we expect: the Cycle's Parabolic Rally. In fact, you can see on this 1W chart that the Channel Up patterns that started at Cycle bottoms and reached the ATH, all had a number of Bull Flag structures similar to the current one, that were nothing more than short-term Channel Downs. And those Channel Down patterns are what usually scare short-term investors/ traders away and force them into making hasty decisions. ** Sine Waves and Cycle's Top ** In our opinion the recent correction changes nothing and as the chart shows, BTC is well within its Bull Cycle. The Sine Waves indicated that we may be another 11-12 months before the Cycle's Top. Since the previous Cycle Top 'only' reached the 0.786 Fibonacci retracement level of the Fib Channel Up, we could expect this time to go as high as the 0.5 Fib (deceleration), possibly the Theory of Diminishing Returns kicking in. Still the Target may be at $200000 at least. So what do you think? Is this just a Bull Flag ready to do its job and push Bitcoin to 100k and beyond? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines . I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line . 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.
Short
by pejman_zwin
33