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BITCOIN - Price can continue to decline in channel to $61100Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price declined to support level, which coincided with support area, and even broke it and fell lower. Then price started to grow inside rising channel, where BTC soon broke $61100 level again and then made retest. Price rose to resistance level, which coincided with resistance area, but at once made correction movement. Next, BTC reached $71300 level one more time, made fake breakout of it, and then started to decline in falling channel. Also now, price continues to decline inside this channel and I think Bitcoin can reach resistance line. After this, price can bounce and continue to decline in falling channel to $61100 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
Natural Gas, Bitcoin & QQQ : Whats the next trade?Natural GAs has had a nice pullback over the last few days. Are we going to see this correction go deeper than the last pullback? Potentially we are observing a failed breakout on the daily chart. Bitcoin: has triggered bearish formations on the hourly chart. Sitting right at intermediate support, BTC needs to hold the 50MA or run the risk of flushing lower. BTC is still chopping in a sideways range that favors lower price action until we break the neckline. QQQ / Nasdaq : In the strongest uptrend. This looks likely to push a bit higher but its nearing major resistance in a very extended move.
AMEX:KRE
by Trading-Capital
HelenP. I Bitcoin will fall to trend line and then bounce upHi folks today I'm prepared for you Bitcoin analytics. Some days ago price rose to resistance level, which coincided with the resistance zone, but at once rebounded and made little correction, after which made impulse up. Bitcoin broke the 69800 level and later reached the trend line, after which the price started to decline and soon fell lower than the resistance level, breaking it again. Next, the price some time traded close near the 69800 level and even broke the trend line, but in a short time later, it turned around and made an impulse down to the support level, breaking the trend line one more time. After this movement BTC rebounded from the support level and rose back to the resistance level, breaking the trend line one more time, and then fell to this line and continued to decline near it. Also recently price fell lower than the trend line and the 66000 level, which coincided with the support zone, but at once rebounded, and just now price trades near the support level. So, for this reason, I expect that BTCUSDT will decline to the trend line first and then rebound up. Therefore I set my goal at 68200 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Tesla at a Crossroads: Slowing Growth But High Future HopesTesla, the world's leading electric vehicle manufacturer, is presenting a mixed picture to investors. While the company is still experiencing revenue growth, profitability remains a challenge, and the stock price has dipped significantly in the past year. Growth on Autopilot? Tesla's revenue has grown 10.12% year-over-year, reaching $94.75 billion over the trailing twelve months. However, this growth has slowed down compared to historical levels. Earnings in the Red A major concern for investors is Tesla's current lack of profitability. The company reported a negative EPS (earnings per share) of -$22.67 over the past year. Despite a positive gross margin of 17.78%, high operating expenses seem to be eating into their revenue. Is the Stock Overvalued? Tesla's P/E ratio (price-to-earnings ratio) sits at a high 45.49. This suggests the stock might be overvalued based on current earnings. However, the forward P/E of 54.06 hints that investors are anticipating significant future growth. Other Signs to Consider The analyst recommendation for Tesla is currently a cautious 2.62, leaning towards a "Hold" position. The high beta of 2.31 indicates the stock is more volatile than the overall market. Short interest, at 3.65%, suggests some investors are betting on a decline in the stock price. A Look Ahead Tesla's future hinges on its ability to improve profitability. Can the company achieve consistent earnings and justify its current valuation? Maintaining its historical growth rates and navigating competition from other EV manufacturers will also be crucial factors. Overall, Tesla remains an intriguing but risky investment. Investors should carefully consider the company's financial health, future prospects, and their own risk tolerance before making any decisions. Disclaimer: This content has been automatically generated by an AI system and should be used for entertainment purposes only. It should not be used for any other purpose, such as making financial decisions. The information provided may contain errors, inconsistencies, or outdated information. It is provided as-is without any warranties or guarantees of accuracy. We disclaim any liability for damages or losses resulting from the use or reliance on this content.
NASDAQ:TSLA
by Aitch-T
Bitcoin Potentially Forming An Inverse Head & Shoulders: Dump?After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like. If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern. Keep in mind that BTC going down to 60k is (in my eyes) less likely than making a new all-time high soon. The pattern has yet to be confirmed. However, if we go down you are prepared.
Short
by FieryTrading
15
Altcoins Still In A Bear Market? This Indicator Says YESIn this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market. Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt. The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH and BTC) divided by the price of Bitcoin (BTCUSD). This indicator measures the strength of altcoins compared to BTC. In other terms: Indicator goes up = altcoins outperforming BTC, often during altseasons. Indicator goes down: BTC outperforming alts, often during bear markets. In the last 6 years there have been 2 strong alt seasons, which occured at a later stage during the Bitcoin bull-market. The indicator touched the bottom support and shot all the way up towards the top resistance. This caused a massive bull-run in alts, where many did a 10x or more in a matter of weeks. Looking at the past, it seems that there's still more value to be lost in alts relative to Bitcoin. Assuming we have to touch the bottom support, of course. Furthermore, nothing about this chart suggests that altcoins are a good investment at the moment. They're only losing more value against BTC, even during the latest move from 30k > 70k. For now, I'd put an alarm around the bottom support. Once the indicator touches that area it's historically an AMAZING time to switch your Bitcoin to alts. Happy to hear your thoughts!
CRYPTOCAP:TOTAL3Short
by FieryTrading
10
BTC: June 14th, 2024Hello dear traders. Let's cut to the chase. There's no denying that price is weak and seems in desperate need of a new narrative or momentum. Technically, price is showing weakness in the mid-range, which is in line with the POC of the range as well. Momentum h4 EMAs (12, 21) are rolling over as well. The positive thing at this point is the bullish absorption that is unfolding. In fact, it has been more or less so throughout the whole range. Apparently, a lot of bitcoins are changing hands. My thesis is in line with the context, i.e. range-bound price action. I will play the range until the break. Why the local bullish bias? We have a couple of nPOC prints above. Also, the move from sub 60K to 70K is impulsive to me, and I believe we are in the process of putting in a higher low. Plus, if you trade with the flow, the previous quarterly value area high aka pqvah is at 66K while the current quarterly vwap is creeping higher and closer to this level (Find the picture in the comments section). I usually use flow for the daily chart and mid-term bias. As long as 66K is held, my bias is bullish with a move towards the EQ highs at the top of the range. If 66K is lost with a daily candle and strength, I will look at 64K or even 62K. I try to to manage my risk, and stick to the facts. I hope you do the same, and bear in mind that this post is not financial advice, so DYOR. If you like the idea, please share and smash the like button.
COINBASE:BTCUSDLong
by Trader_Nebula
BTC DAILY: Inflation rates, CPI and FOMC todayBitcoin cleared nearest liquidity pool under ~66155 and closed above that level which might be a swing failure - bullish pattern. But too early to confirm that. Target for that bounce is May VAH zone + year VWAP VAH around 69.2k (for the wicks). These are conservative targets that assume rejection and pull back to 67600 at least with further consolidation. Today CPI and Inflation rates at 12.30 UTC and FOMC at 18 UTC time. That always cause extra volatility. As I wrote before, there was no correlation with global markets in this crypto dump. Stocks actually performed pretty well yesterday. And Dollar Index so far follows the drawn path I've shared two days ago. So I don't see any sufficient bearish pressure on BTC outside of crypto world. Bullish scenario comes into play if BTC find acceptance above year VWAP VAH. Nearest liquidity pools: above - 68256 / 68840 / 70400 / 72240 below - 66905 / 65760 / 64233 / 59960 Lines on the chart: 🔸73881 - ATH 🔸71363 - March close 🔸70393 - last W VAH 🔸69667 - week close 🔸68540 - last week close 🔸67577 - May close 🔸66239 - week close 🔸64025 - last April week close Trend: D ▶️ W 🔼 M 🔼 🤑 F&G: 72 < 74 < 72 < 75 < 72
by WiseAnalyze
$BTC price is confirming the correction?As seen on the chart, less than a month period, #bitcoin did unable to cross 72K, after 2 major declination, formed bearish double top pattern. Also in 3 months period, CRYPTOCAP:BTC formed Wyckoff' s distribution schematic and proceeding to last confirmation of the major correction. In lower time frame, #btcusd dumped from 70K to 66K heavily and lost the trend line (black line) support. Before CPI, yesterday attempted to reclaim the trend line but price heavily declined from 70K. So, #btcusdt did a bearish retest and reclaiming the trendline failed with this fake pump. If we want to see a bullish #btc , the price must reclaim 72K permanently, otherwise the next major support zone is given on the chart (the red box). Not financial advice.
by naphyse
INJUSDT → Interested buyer. Ready to rise to 43.0?BINANCE:INJUSDT looks stronger than bitcoin and the crypto market. Against the background of the general decline, the coin is growing and this is a rather strong premise. The price may return to the range of 29.0 - 43.0. On D1, a pre-breakout setup is forming regarding the 29.2-29.45 area. If the price can consolidate above this area, then further traders will open bullish potential, the target of which could be a rise towards resistance (intra-range movement). The coin looks green in the red market and it means that someone is interested in it (big player). On the overall negative fundamental background there is a risk that the coin will go down, but for now I am looking out for further upside. *The long scenario will be broken if the price closes below yesterday's opening. Resistance levels: 33.62, 43.4 Support levels: 29.21, 29.85 The potential is there. It can be realized if the bulls hold the defense above the key support area. Regards R. Linda!
Long
by RLinda
6
2024-06-12 - a daily price action after hour update - bitcoinGood Evening and I hope you are well. comment: Interesting day. I did almost no updates on the posted chart. The pink breakout line was king again and I shorted it a second time for another 3000 points. I don’t care if the triangle is broken to the upside, when the market turns around again, it was a trap and the pattern lives on in my world. This market is not behaving as bullish as almost everyone on twitter tells you. Today nasdaq had an almost 2% day while Bitcoin stayed below 70000. current market cycle: trading range key levels: small range 66600 - 70000 / big range 56000 - 74000 bull case: Bulls tried to break to the upside but the breakout price around 70000 proofed strong resistance again. I don’t know how many times they will try again but I think the number is very low. Triangle will break tomorrow. Bulls need 70000 and above, otherwise it’s lights out. Invalidation is below 66000. bear case: My target for the bears, if they break 66000 is 65000. There I will decide how strong the move is and if we can get to 64000 fast. If they fail to close tomorrow below the daily ema at 68600, my bearish wave series is probably wrong and we more more sideways until we get a bigger impulse. Invalidation is above 70000. short term: Neutral here inside the triangle. —unchanged medium-long term: down to 40000 (could take 3-6 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged current swing trade: None. trade of the day: Short the breakout price around 70000, was good for 3000 points.
CRYPTO:BTCUSD
by priceactiontds
Pulling back to the broken ascending trendlineIn our previous analysis, we mentioned that we expected Bitcoin to touch its support level, and this indeed happened. Bitcoin is currently trading between $67,000 and $71,000 and is pulling back to the broken ascending trendline. In our opinion, it's best to wait until Bitcoin breaks above $72,000 before expecting "strong" growth. While the market is in this corrective wave, focus on scalping and small swing trading opportunities. Avoid rushing into high-volume trades and make decisions with greater caution.
by MonoCoinSignal