One more short before...
Hello, friends! 💙💛 In recent days, Bitcoin has shown significant growth, attracting the attention of many investors and traders. But are You ready for a possible price drop before the next surge? Let's dive deeper.
On the hourly chart, Bitcoin's price has risen to new heights, but it is now trading close to a key support level. It's anticipated that before any further upward movement, the price might dip to the $60,500 level. This level is a crucial support that could become the launchpad for a new strong upward move.
What Should You Consider?
Support and Resistance Levels: The $60,500 level acts as significant support. If the price reaches and holds this level, it could signal the preparation for a new powerful upward movement.
Historical Data: Historical data shows that such corrections are common before strong bullish moves. This might be an opportunity for those looking for optimal entry points.
Action Plan:
🔶 Monitor the $60,500 Level: If the price drops to this level, it could be a good opportunity to enter the market.
🔶 Analyze the Market: Use various analytical tools to confirm your expectations.
🔶 Be Ready for Volatility: The cryptocurrency market is known for its volatility, so be prepared for unexpected changes.
Let’s watch the developments together! Your thoughts and comments are always welcome.🫶
Thanks for Your attention and support!
Always Yours, Kateryna🩷
Btc-bitcoin
BTC will surge direct 72500$ Hi folks, as usual we are sniping a golden entry on btc
Bitcoin tested the support area and grabbed liquidity from there. The price will pump hard due to the FOMo coming with news, The resistance area is $62,800, and the support area is $63,900
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How to double your Bitcoin with TONBTCThe long term analysis on TONBTC shows a completion of a 440 days of an ABC correction. Based on the Elliott Wave pattern we expect a continuation of an uptrend, and potential completion of a major wave 3 to the upside.
The nearest upside target is 80% away, which allows nearly double the Bitcoin value.
What do you think of this setup?
APE: Will It Finally Stop Bleeding? Bullish Divergence!APE came on the market with a bang, but has been severely underperforming Bitcoin (and most alts) since it's inception on Binance. Very disappointing price action for holders.
Nevertheless, there's a small chance that APE has bottomed. On the weekly, there's a strong indication for Bullish Divergence, which could lead to a sizeable move in the coming weeks and months.
I'm keeping a tight stop loss and a target at 5$. This will result in a trade with a very good risk-reward of over 23.
BTC - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈BTC has been overall bullish, trading above the red trendline.
Moreover, the $61,000 - $62,000 is a strong support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support and red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COINBASE #COIN priced in #Bitcoin 3X outperfromanceShould u just buy Coinbase stock rather than the go through the hassle of Buying , storing, off-ramping profits back to your bank.
It is far easier for big money who want some crypto exposure to just buy crypto stocks.
All in their familiar regulated platform, hence why the Spot ETF is so important...
But who are the custodians Blackrock is entrusting to hold their #BTC..... Coinbase
This will be a big money maker for Coinbase and hence why it could actually overperform and get back to all time high's in the next two years.
Bitcoin Need Correction!!!==>>15-min time frameBitcoin started to rise after the German government finished selling Bitcoin , and what happened to Trump .
Bitcoin is currently in the Resistance zone($64,420-$62,700) and near the 21_SMA(Weekly) .
According to the theory of Elliot waves , it seems that five waves have been completed and we should wait for corrective waves .
I expect Bitcoin to fall to at least $61,780 .
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.
Bitcoin confirmed bullish reversal at Day TF
Yesterday upwards impulse closed above previous swing lower high. For me that is a confirmation for bullish reversal. Been waiting for it for very long time.
Pay attention to Bitcoin CME GAP on 4H/Day/Week timeframes. Strong enough to give very high probability to be closed in near future (before September). That move will create a higher low and give second confirmation for bullish reversal.
Meanwhile at week timeframe confirmation is still far from being placed. We got to wait for this swing up to end and swing down to form a low. Will it be higher low or lower low - what do you think?
BITCOIN above the 1D MA50 after 1 month!Bitcoin (BTCUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time after 1 month (since June 18). It even closed the 1D candle above it, showcasing enormous buying pressure on the short-term.
That is within the 4-month Channel Down pattern, whose 3rd Bullish Leg started after bottoming (Lower Low) on July 05. The 1st Bullish Leg was +24.30%, the second was +27.30% (3% higher), so assuming this is a progression, we can expect the current Bullish Leg to be +30.30%.
We are aiming for $69500, slightly below the +30.30% mark. We will have a long-term bullish confirmation once BTC breaks above March's Resistance Zone.
Do you think it will? Feel free to let us know in the comments section below!
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Bitcoin v SilverBitcoin vs Physical Silver gives a calmer view of bitcoin value increase.
It follows a repeating trend of bitcoin supply halving (yellow), followed by supply shock run-up to correct value (orange circles).
Each halving has consisted of 3 phases (blue) we are entering the breakout price discovery phase, with potential 15x return against silver.
BTCUSD Short📈 BTC/USDT Analysis 📉
Bitcoin is approaching a key resistance level around $64,300 (📊). If it breaks through this level (📈), we could see further upward movement towards $67,285 (🚀). However, if it fails to hold, we might see a pullback to the $59,000 region (📉), with a potential further drop to around $55,000 (⚠️).
Key Levels:
- **Resistance**: $64,308.4 (📈)
- **Support**: $59,000 (💡) and $55,000 (🔻)
Notes:
- Shorts have been Liquidated
- HTF Structure Break leads to a retracement
- Target = CME GAP
$BTC call to the DAY!!! Called Capitulation few days ago!Not one to brag but....... TO THE DAY!!!!!!!
How long, how many months, have we been posting this chart with phase 1 and phase 2 of #BTC???
Well, first let's see where CRYPTOCAP:BTC closes today. But so far it is looking good at a close on the EXACT day of phase 2.
FYI
#bitcoin volume is pretty good and still a lot of time left untill the end of the day.
#crypto
Riot: Tug of warThe bulls and bears are currently engaged in a tug-of-war on RIOT's chart. From a technical perspective, the magenta wave (ii) could already be over. However, we are not yet convinced of this and give the price room to move closer to the support at $7.80. Only when the low of the move is established just above this level should the price turn around and rise significantly with the magenta wave (iii). Following this move, a small interim correction is likely to set in again, but this should be followed by a further rise above the resistance at $20.64, which completes turquoise wave 1. If, on the other hand, the price were to slide imminently below the aforementioned support at $7.80 (36% likely), we will have to see it in the magenta-colored wave alt. (2). In this alternative scenario, it should fall back into the same-colored Target Zone between $6.99 and $5.24.
Bitcoin - daily close above 62k will be a start of new up cycleBitcoin - daily close above 62k will be the start of a new up cycle
Price is right now at the previous VAL - that's a major resistance for this trend
it's so important to take a trade after clear confirmation
that's confirmation is a daily candle close above 62k
Bitcoin Analysis==>>15-minute time frameAfter breaking the lower line of the Leading Diagonal , Bitcoin confirmed the completion of this pattern yesterday.
Today, I analyzed Bitcoin for you in 15-minute time frame .
According to the Elliott wave theory , Bitcoin seems to have completed the Zigzag Correction near the lower line of the Leading Diagonal ( pullback completion ).
I expect Bitcoin to go DOWN to the Targets specified in the chart in the coming hours.
Note: An important point you should always remember is capital management and lack of greed.
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.
BITCOIN - Price can almost reach resistance level and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price bounced from resistance level and later rose a little, after which started to decline in wedge.
In wedge, price at once broke $61500 level and fell until to support line of wedge, breaking $55800 level too.
But soon, price turned around and bounced up from support line, higher than $55800 level, breaking it again.
Then BTC made correction to support line, after which bounced and in a short time rose to resistance line of wedge.
Soon, price broke this line, thereby exiting from wedge pattern and continuing to move up to resistance level.
Now, I think that BTC can almost reach resistance level and then start to decline to $57000
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Bitcoin can decline a little more and then start rise in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago entered to upward channel, where it at once bounced from the support line and broke the 60500 level, which coincided with the seller zone and continued to move up in the channel. In the channel, the price rose to the resistance line and then made a correction to the support line, after which rebounded and in a short time rose to the resistance line of the channel back. Then BTC turned around and quickly declined to the resistance level, thereby exiting from the upward channel and soon broke the 60500 level also. After this movement, the price dropped lower than the buyer zone, which coincided with the 55300 level, but soon turned around and started to grow inside another upward channel. In this channel, the price soon broke the 55300 level again and then reached the resistance line of the channel, but a few moments ago, BTC turned around and started to fall. At the moment, prices continue to decline in the upward channel, so, in my opinion, Bitcoin can almost fall to the support line of the channel. After this, the price can turn around and start to rise to the resistance level, which coincides with the resistance line of the upward channel. For this case, my TP is 60500 level. Please share this idea with your friends and click Boost 🚀
Quick Analysis on Early signs of $BTC CapitulationJust a hunch on $BTC.
We bought ETF's on this last dip. IBKR only allows 10% crypto.
May begin buying spot again as we sold close to top.
First an explanation on a 4Hr #BTC chart broken down into 3 phases
(Letters A - C)
A
The descending arrow shows $ Flow weakening. There were huge buys but sells were eating it up. That was a RED FLAG. We spoke about divergence and lessening buy volume for DAYS! Few warnings.
It was eventually followed by #bitcoin selling pressure.
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B
$ Flow indicator is a laggard, we keep eyes on an investment's volume on our own, visual. In this case we're looking at the #Bitcoin volume.
CRYPTOCAP:BTC had some buying but sells kept coming in.
These were likely sellouts from leverage & shorts.
Wont comment on Germany as spot #BTC is still irrelevant.
($ Flow was fine for spot and nowhere near as bad as futures, but CRYPTOCAP:BTC kept going down. Not sure what needs to be shown for people to realize that spot is IRRELEVANT until some time in the future.)
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C
2nd CRYPTOCAP:BTC phase is almost done.
Buys coming in and the sells are not as strong anymore.
It needs a lil more time but #BTC MAY/COULD be capitulating.
It holds 52kish weekly & monthly and we could see something nice. See the chart on #GOLD for the Cup and Handle breakout.
Have a great weekend!!!
(pls see profile for more info)
Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price.
In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart.
Note: If Bitcoin can go above $62,000, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
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.