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Btc-bitcoin

(BTC) Bitcoin "moose antler"Bitcoin looking like a moose out in there in the wild. Looks to be sum while before the solid is underneath the stepline with breaks which would signal a coming difference in price for positive remainders. Bitcoin is of course like no other crypto. The points at which the two lines cross paths means the price is falling or rising in the near future. As you can see the lines are not very close. It's like an advanced variation on bollinger bands without being bollinger bands. custom. The days are numbered, the solstice has arrived and gone--down the creek without a paddle--, and the evenings are only losing sunlight, yet the summer is only just beginning.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
BTC - Scenario 1 or Scenario 2 or Worst Case ?#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is currently trading around the support zone, and the support is holding strong. According to Scenario 1, I expect the price to bounce back from this support zone. + Scenario 2: If BTC loses this support, the next support is around 60K. If BTC reaches this support line, there is a chance of a price bounce back, but it will weaken the overall BTC trend. + Worst Case: If BTC drops below 60K, the worst-case support level is at 56K. We can expect the price to hit this support zone and potentially bounce back from it. + Let's see which scenario plays out. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 66128 Stop Loss: 63500 ------------------------------ Target 1: 67500 Target 2: 69500 Target 3: 71000 Target 4: 73000 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
#202426 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. bitcoin Quote from last week: comment: Currently my favorite market to trade and comment on because I’m hittin dem swings big time. And because btc permabullz are entertaining and salty af. Market is clearly trading down again and they shout from the rooftops that we will print 80/100k soon. In all seriousness. Clear trading range 65000 - 72000. Currently in a smaller down trend probably to touch the bull trend line around 65000 and then maybe back up to test the upper triangle trend line around 67000 again. Bear channel and triangle, both patterns are in play currently. 66000 continues to be big support so it will take something to break through. If we do break below, 61000 is next. comment: Guess what. Anyone looking at this chart who tells you to buy for anything higher than 66000 is a permabull in denial. The last time a daily bull bar closed above its midpoint was almost 3 weeks ago. The bull trend line from 2024-02 is clearly broken. Market touched the weekly 20ema and bounced some but bulls could not get any follow through, what so ever. Bears are not that strong either tbh, just grinding this down. At some point one side will give up for a huge drop/bounce. Until bulls can make higher highs above 66500 again, you should not be looking to buy this imo. So what’s next? I expect more sideways to up movement until we reach the upper bear channel and/or the daily ema gain, where I will look for shorts again. Targets below are 61000 and if that does not hold, 56000-58000 is next. current market cycle: trading range until clear break below 56000. It’s also a smaller weak bear trend inside that big trading range key levels: 62000 - 67000 small range / 56000 - 74000 (big range) bull case: Bulls tried to find a double bottom on Monday around 65000 but bears just kept at it on Tuesday and every bull bar the bulls produce on the daily is a doji or is closing below it’s midpoint. They want to touch the upper bear channel again and maybe the daily ema around 66000 but I don’t think they can get above 65000. Invalidation is below 63000. bear case: Bear want the bulls to finally give up and produce some big bear bars closing on their lows for targets below 60000. The selling get’s weaker and it’s just a slow grind down. Best trades are currently shorts near the 4h 20ema. Odds clearly favor the bears to break stronger to the downside, than bulls breaking above the channel. Invalidation is above 67000. short term: Neutral between 63300 - 65500. Expecting sideways to up movement in this range before another try to push this down harder to 60000 or 57000. medium-long term: Down to 50000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 30000 again but let’s make 40000 first and see how many want to buy there. —Adjusted 40000 to 50000 and 40000 to 30000 because we are staying so long up here above 60000. current swing trade: None chart update: Removed longer waves and just focusing on this bear channel and how market behaves around 63000 over the next 1-2 days. Will update the daily chart again when we see a bigger move.
CRYPTO:BTCUSD
by priceactiontds
Bitcoin can turn around from support area and start to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price started to trades inside the upward pennant, where it broke the 60700 level and then reached the resistance line of this pattern. After this movement, BTC turned around and started to decline to the support level, which coincided with the support line of the pennant, and then the price made an upward impulse, thereby exiting from this pattern and soon broke the 66700 level too. Next, the price made a retest and started to trades inside the range, where it at once rose to part of the consolidation and then made a correction movement to the current support level, which coincided with the support area. Price some time traded near this level a little more and later rebounded up to the seller zone, where it at once turned around and in a short time fell back to the current support level. At the moment, it continues to trades near the 66700 level, which coincides with the support area and bottom part of the range. For this case, I think that BTC can fall to the support area and then turn around and start to grow to the seller zone. So, that's why I set my target at the 71000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
BTC Bitcoin Technical Rebound SoonIf you haven`t sold BTC on this top: Then you need to know that Bitcoin is currently trading at $64,200, approaching the oversold territory on the RSI Relative Strength Index. Historically, when Bitcoin enters the oversold area on the RSI, it often experiences a technical rebound. The RSI is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100. An RSI below 30 is typically considered oversold, indicating that the asset may be undervalued and due for a rebound as buyers step in to take advantage of lower prices.
Long
by TopgOptions
BTCUSDTAnalyzing the 4-hour Bitcoin chart, we can observe a descending wedge pattern forming. Currently, the price has reached the support line of this formation. If it bounces off this support and breaks through the resistance line, it will confirm the upward momentum. These patterns typically indicate a bullish reversal, leading to a potential rise. Target: Bitcoin (BTC) Target: $71,000, expected to be reached within a week. Let's keep an eye on this pattern for a breakout to confirm the bullish scenario!
by benjaminxbt
Bitcoin In DANGER: Back to $20,000?Preface: I don't think that going back to $20k is the most likely scenario at this point in time. However, it's valuable to discuss different potential outcomes in an every-changing market. If you disagree and only want to look at one potential outcome it's up to you. In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post. Back in March I made an analysis with a similar title where I discussed the fact that the yellow logarithmic price band has historically proven to be a very strong resistance. For example, last cycle's mid-cycle pump (summer 2019) found resistance on exactly the same area. Same can be said for 2013. Both reversals from the yellow bands resulted in a >70% dump (high to low). A 70% dump would mean that BTC will go back to (roughly) 20k. It's too early to say whether this analysis is correct, but I can imagine a world where this is possible. Compared to previous cycles, we went up too much and too fast with all the ETF news. A deep correction might be needed to get to the elusive 100k. Happy to hear your thoughts in the comments 🙏
INDEX:BTCUSDShort
by FieryTrading
33
Bitcoin can touch $67,000 SoonBitcoin is moving in a Heavy Support zone($65,730_$64,240) . According to the theory of Elliott waves , Bitcoin seems to have succeeded in forming a Leading Diagonal . Also, we can see the Regular Divergence(RD+) between two Consecutive Valleys. I expect Bitcoin to rise to at least $67,000 after breaking the upper line of the Leading Diagonal. 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.
Long
by pejman_zwin
13
Repeating Same LTF Pattern on HTF?Here's an idea I haven't seen proposed. What if we're repeating the same pattern we saw between approx 40-50k, on a higher timeframe and between 50-85k. Just like the blue pattern before it, it starts with a new high being made, then a low well above old highs, then a lower high followed by a higher low, then a higher high followed by a 2nd higher low (slightly lower than the previous higher low), finally a 3rd and significantly higher high followed be a strong lower low but still above old highs prior to the new high. Let's see if it happens again!
BNC:BLX
by dudebruhwhoa