Bearish hidden RSI divergence in LTF $BTC chartAs seen on the chart, bearish hidden divergence is waiting to play out. If #bitcoin #btc price reclaims 71K with several daily closings, this divergence will be invalidated. Not financial advice.
Btc-bitcoin
BTC – Weekly Perspective – 05/19 to 05/26Does BTC really intend to break the previously theorized C&H corrective pattern?
The downtrend line outlined in previous analyzes were being respected. However, I noticed that in recent days prices managed to escape this limbo. Interesting, isn't it?
If the downtrend line breakout is true, a likely destination for prices would be the 85K region, an “upside” of more than 25% if we compare it to the cryptocurrency’s current price (66.7K). But for this to happen, prices must first overcome and remain above 68.5K.
Now, if prices do not remain above this level (68.5K), I, personally, will consider this attempt to take power by the bulls as a beautiful buying “trap”. Therefore, whoever enters above this price range (68.5K) must have a well-adjusted STOP LOSS.
Let's go to the graph
In the long-term bias, the SETUP used still indicates fatigue on the part of prices, therefore, it remains inclined to want to reverse the predominant upward trend, a clear sign of a struggle between buyers and sellers.
See the image below. Prices must necessarily stay above 66.5K on the monthly chart, if they want to maintain their strong upward trend and discard once and for all the pattern that I have been theorizing for some time (C&H).
The red lines are support points.
On the weekly chart, we already have a divergence, as prices are trying to leave the LTB’s traced for good.
From the SETUP used, it appears that long-term buyers (those who entered in January) are making purchases, and this demonstrates why prices are not strong enough to break the 68.5K region (resistance), as these buyers They are maintaining defenses, trying to attract new entrants! See the image below.
The red lines are resistance points.
Coming to the short term, once again SETUP points out that long-term buyers (January 2024) are maintaining prices to attract new entrants and, thus, reach new records (85K).
We even had an upward pivot during this time, which managed to reach the “golden” region, as shown in the image below.
The red lines are resistance points.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
$BTC price may do something like this in LTF#bitcoin #btc formed both ascending wedge and bearish RSI divergence. A deviation to 68 - 69K is expected. Hard declination from ~69K region will cause this bearish patterns to play out. If bearish patterns play out, the target will likely be the retest zone of the #btcusd breakout price.
The invalidation: If #btcusdt price breaks out above 70K region and 2 3 daily closings happen then will likely aim liquidation levels at 73 - 75K and new ATH.
Not financial advice. DYOR with your own knowledge and strategy.
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#Bitcoin [ Inverted Head And Shoulders - Short Squeeze Combo ] BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily amplify the measured move, which I have extended, using the 150%-161.8% fib levels. The extension also lines right up with where all short liquidation levels end on the Coinglass heat map.
Bitcoin Hits Highest Price Since the HalvingBitcoin ( CRYPTOCAP:BTC ) has reached its highest price since the April halving event, reaching $67,422 before experiencing a slight dip. Over the past week, the cryptocurrency has risen by more than 9% and is currently priced at $66,750. Despite dropping after the halving, Bitcoin ( CRYPTOCAP:BTC ) has been steadily increasing in value, although it is still below its all-time high of $73,737.
Bitcoin ( CRYPTOCAP:BTC ) dropped following the halving, a quadrennial happening baked into the coin's code, though experts told Decrypt that was to be expected. A combination of factors including geopolitical turmoil, cooling hype surrounding the new spot exchange-traded funds (ETFs), and investor uncertainty surrounding the Federal Reserve's next moves caused the virtual asset to nosedive down to under $57,000 last month.
The Bitcoin ( CRYPTOCAP:BTC ) halving took place late on April 19 in the United States and led to miners having their rewards cut in half from 6.25 CRYPTOCAP:BTC to 3.125 CRYPTOCAP:BTC for each block they process. The idea is that the event will make it more difficult to make new virtual coins as time goes on. Four halvings have now taken place, and after about a year following each one, the coin has typically risen in price.
Bitcoin's rise this year has mostly been thanks to new investors putting money into the asset via the new spot ETFs, which were approved in January. The investment vehicles have been massively popular, receiving billions of dollars in inflows.
The Bitcoin ( CRYPTOCAP:BTC ) price has continued its bullish move today while crossing the brief $67,000 mark over the last 24 hours, as investors seem to have shifted focus on the crypto. Meanwhile, a flurry of market pundits also attribute the current surge in the BTC price to the notable inflow of the U.S. Spot Bitcoin ETF.
The Bitcoin ( CRYPTOCAP:BTC ) price has gained notable traction since last year, as evidenced by a rally of over 145% over the last 12 months. Notably, the hype and approval of the U.S. Spot Bitcoin ETF seem to have bolstered the confidence of the cryptocurrency sector so far this year.
Technical Outlook
Bitcoin's ( CRYPTOCAP:BTC ) price is down 0.38% as of the time of writing trading at $ 66,774.74. The Daily price chart of Bitcoin ( CRYPTOCAP:BTC ) depicts a bullish flag pattern and a further move to the $72k level will accentuate the bullish flag pattern.
Bitcoin - Price UpdateHello Traders! Here’s a quick update on Bitcoin’s price action:
Bitcoin broke out of its descending trendline last Wednesday, also confirmed by the RSI.
A head and shoulders pattern has formed, indicating a potential trend reversal.
Bitcoin faces strong resistance at $67,000. Breaking this level could signal a continued bullish trend. The key support is the ascending trendline in blue.
Breaking and sustaining above $67,000 could lead to a stronger bullish trend. Otherwise, expect fluctuations within the current range.
🚀Bitcoin will Go Up after Pullback🚀💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday.
💡 Bitcoin seems to be completing a pullback right now.
🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 .
📈In terms of Classic Technical Analysis , Bitcoin managed to break the resistance zone , resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern . Bitcoin seems to have increased at least to the 🎯Target🎯 of this pattern.
💡Let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart .
💡 USDT.D% seems to start falling after reaching the 🔴 Resistance zone(4.92%-4.87%) 🔴, which is in line with Bitcoin's analysis. ⚠️The scenario will change if USDT.D% can break the resistance zone⚠️.👇
🔔I expect Bitcoin to rise to the next 🔴 Resistance zone($65,700-$67,520) 🔴 after the completion of wave 4 (pullback) .
❗️⚠️Note⚠️❗️: If Bitcoin falls below the 🔴 Resistance zone($65,700-$64,180) 🔴, the scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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🔥 MATIC Massive Triangle: Accumulation Before Break OutMATIC has been trading inside this massive triangle for over 2 years at this point. Chances are that it will take another year before MATIC will finally break out of this pattern.
In my view, this triangle is a huge accumulation area where traders are loading in their bags in preparation for the next leg up.
This can really fly once we break out. Time will tell. Patience is key.
Bearish RSI divergence in $BTC price short term #btc #bitcoin divergence is on continuation and ascending wedge is about to the resulted with price action. #btcusd has both liquidations at 63K and 71K levels to take. Let's see what happens in this weekend. Not financial advice.
Bitcoin - new ATH soon. Best time to buy nowBitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price.
Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a look at the previous price action. We have a false breakout below the key levels; it was a bear trap created by market makers to get as much liquidity as possible for their huge orders, as they cannot simply do so whenever they want.
From the Elliott Wave perspective, there is nothing bearish at this moment. I see that the corrective pattern WXYXZ has been completed, and we are starting a brand new impulse wave to the upside. The next target is around 71k because we have his important red trendline, so make sure you are aware of it.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support.
I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low.
The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
Likely Back to ATH or HigherAfter hitting a new ATH around 73k, Bitcoin re-tested the weekly close from its April 2021 high:
It initially lost the 50 day EMA during this re-test, then the weekly candle bounced from this level, as the daily TF formed an HSi around the same area.
This led to a recovery of and bounce off of the 50 EMA upon the re-test of the HSi's neckline.
If Bitcoin can continue holding its 50 EMAf, it'll likely move back up to 73k (conservative target), and could go higher if it breaks through the red box, targeting ~75.5k.
If it fails to break 73k, we could see another test of the 50 EMA and possibly 60k.
If it does break 73k, we could see a longer term target of 82-83k after reaching 75.5k:
⚡GMEEUSDT⚡see and watch :)
After a sharp upward move, the price has been correcting for a few months and it seems that everything is ready for the second leg of the move...
⚡ATLASUSDT⚡see and watch :)
After a good correction, the price is in a very good support range and considering that this range is intact and fresh and also the price is gathering like a spring, it seems that news is coming!!!
$BTC Futures STILL better to chart vs SpotTweaked the CRYPTOCAP:BTC chart. It really needed updating. Fixed the colors too!
#BTC is 2 weeks away from the end of what we called, phase 1.
In my opinion, it's going to move SOON.
#Bitcoin breakdown:
The moving avg crossover, yellow circle, is bullish.
Cyan circles show bullish signs;
RSI above 50
Money Flow is above 0
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Bonus post
CRYPTOCAP:BTC derivatives vs spot - FINAL proof!
(They are trading a lil closer than ever)
Both #BTC RSI look identical but Futures turned bullish 1st.
However, #Bitcoin $ Flow is a VERY different.
Futures have been mostly NEGATIVE until yesterday!
Spot has been mostly above 0 until recently!
BTC "bullish power" The trifecta of charts featuring Ethereum, BRK.B and this BTC chart image. The BTC image unlike the others is in buying pressure as opposed to the BRK.B and ETH charts. When changing the time frame of the charts to a month Bitcoin is only just now gaining in the Bullish green zone and rising above zero. Super summer coming?
BTC possible scenarios#BTC had a nice run up and currently facing a resistance at 66676$
1. For bullish trend continuation we should see BTC breaking up above the resistance at H4 , in this case the price will pump until next resistance zone at 70887$ .
2. Otherwise, high chances to see BTC testing support zone at around 64482 - 63474, where we can look for long position.
3. Bearish scenario would be if BTC closes below 63400$ on H4 TF, in this case BTC may test one of lower levels again: 60508, 59026, 57246
Bitcoin at VAL - Buyers Must protect it or ...Bitcoin at VAL - Buyers Must protect it or ...
Buyers must protect such are because if they fails to do it - price would drop out of value - which would be a confirmation for a down trend
in a video i shared ideas that i would trade on BTC
inverse head & shoulders or mental illnessmight be just mental illness but the orange neckline seems like the next nearest price draw.
>buy now and hold. btc fundamentally not being fudded (picked up by Wisconsin, etc.)
after that, a wick up. close above EQ seem unlikely UNLESS there's a major short liquidation event.
>alerts on volatility. imo let it ride. once-chance-to-make-it attitude.
watch alts reaction after spike. if they dump, i think they continue dumping. i.e. BTC IS KING season. if they pump with BTC and gain in terms of alt/btc, then worthwhile to attempt to bite.
BTC rocket mode a little closerif summer didn't happen and such a random resemblance would be right then we have something to look forward to =D keep your hats on whether it goes up or down. But it will definitely go right =D
BITCOIN HAS DONE A MAJOR TREND BREAKOUTBitcoin has formed a descending triangle pattern, with a false breakout occurring earlier at the lower support level. However, we are currently observing a bullish breakout along the trend line, as anticipated last week for BTC. If this breakout garners sufficient bullish sentiment and volume to establish robust momentum, it could signal a continuation of the rally towards the previous swing highs.
BTC - 1H Buy For ScalpersThe highlighted liquidity zone on the BTC/USDT chart represents a significant area where a concentration of pending orders has accumulated.
This buildup suggests a strong potential for Bitcoin's price to gravitate towards this zone in the near future.
This setup represents an excellent opportunity for scalpers and short-term traders anticipating a breakout.
If you're looking to capitalize on quick swings, keep a close eye on this zone for a potential surge as Bitcoin aims to "catch the liquidity" overhead.
