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🚀Bitcoin Is Ready to Go Up Again🚀🎉Hi guys, I hope that you have a great weekend . 🏃‍♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 . 🔔I expect Bitcoin to rise to at least the Potential Reversal Zone and upper Resistance line . ❗️⚠️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.
Long
by pejman_zwin
39
ETHBTC Very Bullish Falling Wedge FakeoutAfter a very ullish run on the ETHBTC pair from 2019 - 2021, ETH has spent nearly the last 3 years consolidating into a falling wedge pattern. This has formed an even bigger Bullish pennant pattern. With a breakout of the falling wedge we'd have about a 13-% gain to the upside. Locally, price has formed a triple bottom, and formed a Fakeout from the low of the falling wedge. Price has responded with a strong reaction to the upside. With the BTC halving just being finished and the ETH ETF on the way, it is about time for ETH to make its run.
Long
by peytonfin2
🔥 Bitcoin Going Nowhere: Waiting For Clarity!Bitcoin's has practically not moved over the last two weeks. Zooming out, BTC has been trading within a bearish channel since the start of March. I've made several bearish posts before, where I expected the halving to turn out to be a sell-the-news event. Thus far, that expectation has not really played out yet, which is good for the bulls. We cannot deny the fact that the long-term trend is still bullish, with a bull-flag scenario being a reasonably possible outcome. Still, there's nothing to say as long as BTC trades within the supports and resistances drawn on the chart. Market has been incredibly choppy, so the only ones that are making consistent money are the market makers. I'm waiting for clarity.
by FieryTrading
7
Marathon Digital Aims to Double Hash Rate Amid Bitcoin HalvingMarathon Digital ( NASDAQ:MARA ), a prominent Bitcoin miner, sets its sights on doubling its hash rate by the end of 2024, following the recent Bitcoin halving. Despite the halving's impact on block subsidy rewards, the company is optimistic about its growth trajectory, leveraging increased machine orders and capacity from recent acquisitions. This move underscores Marathon's commitment to expanding its mining operations and embracing newer, more efficient equipment to enhance fleet efficiency. Marathon Digital ( NASDAQ:MARA ), a key player in the Bitcoin mining sector, has announced ambitious plans to ramp up its hash rate, targeting a 100% growth by the close of 2024. This strategic decision comes in response to Bitcoin's recent halving event, which slashed miners' block subsidy rewards by half. Starting the year with a hash rate of approximately 24.7 exahash per second (EH/s), Marathon originally aimed for a modest 46% increase in hash rate, eyeing a range of 35-37 EH/s by year-end. However, fueled by a surge in machine orders and expanded capacity post-acquisitions, the company now anticipates reaching a fully funded hash rate of around 50 EH/s by the end of 2024. Marathon's Chairman and CEO, Fred Thiel, emphasized the company's robust growth strategy, stating that the increased capacity and hash rate target are fully funded, requiring no additional capital infusion. Thiel highlighted the deployment of state-of-the-art equipment and proprietary technology as key drivers for achieving greater efficiency, aiming for 21 joules per terahash as they scale to 50 exahash. Despite concerns surrounding the halving's impact on miners' revenue, Marathon remains upbeat about the industry's resilience. The company's Vice President of Corporate Communications, Charlie Schumacher, noted that the mining sector effectively weathered a "halving event" last year, with Bitcoin's difficulty rate doubling in 2023. Schumacher expressed confidence in the industry's ability to adapt, with major players like Marathon preparing for such challenges over the years. While some analysts have raised cautionary flags regarding the potential impact of the halving cycle on miner revenue, Marathon's performance post-halving has been promising. The company reported a 25% increase in its stock price in the days following the halving, signaling investor confidence in its growth prospects. Looking ahead, Marathon's bullish stance on hash rate expansion reflects broader trends in the Bitcoin mining landscape. Despite regulatory and market uncertainties, miners are doubling down on their infrastructure investments, betting on the long-term viability of Bitcoin mining. With Marathon leading the charge, the industry is poised for further innovation and consolidation, paving the way for sustainable growth in the digital asset ecosystem.
NASDAQ:MARALong
by DEXWireNews
Bitcoin Is Ready to Fall⏰(1-hour time frame)⏰🏃‍♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) . 📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Bitcoin to start falling after breaking the Support lines(weak) , at least until one of the Fibonacci lines . 💡To have a better view of Bitcoin , I suggest you look at the post below (4-hour time frame) .👇 ❗️⚠️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.
Short
by pejman_zwin
19
$BTC bearish continuation#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term. Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s nice liquidations there. If #btcusd price follows this path, #altcoins will surely suffer more. When most of #altcoin prices retraces to their retest zone of 2023 October - 2024 march bull run, then i expect very favorable bounces from #alts there. We may see a minor #altseason when this happens. But i say "minor". Not financial advice. DYOR.
Short
by naphyse
BTC - Downwards Channel & Descending TriangleCurrent Bitcoin ( CRYPTOCAP:BTC ) price action suggests a descending channel formation, with notable support around the $60k mark. Analysis indicates the potential formation of a descending triangle pattern, where the lower boundary aligns with the $60k support level. By projecting the triangle's peak downward, strong support zones emerge in the range of GETTEX:49K -$52k. Additionally, the weekly Relative Strength Index (RSI) is indicating a downward trend, signaling a potential correction. Given these technical indicators, it's prudent to anticipate a corrective move in Bitcoin's price. BINANCE:BTCUSDT COINBASE:BTCUSD
COINBASE:BTCUSDShort
by CryptoFallen
ETHEREUM → Consolidation continues. The market is waiting for...BINANCE:ETHUSD is declining following BTC on the back of the crisis in the Middle East, but the price still has not left the sideways range and even more so has not passed through the risk zones, which still leaves the coin in a favorable prospective area Ethereum is trading in a bullish plane, above the previously broken resistance of the upward range, which tells us that the market is in a bullish trend phase forming a retest of support as part of a counter-trend correction. The entire cryptocurrency market is standing still in anticipation of a bitcoin halving, which could happen in 3 days. How the market will react is unknown, there is a high probability to see a long-slide before further growth or growth at once. Resistance levels: 3200, 3730 Support levels: 2910, 2850, Channel Border Technically, another retest of the support is possible, but we should wait for the formation of a reversal pattern relative to the lower levels in order to catch the growth. Or we should pay attention to 3200 and wait for the formation of a pre-breakout setup and trade the breakdown of resistance. Regards R. Linda!
Long
by RLinda
2
BITCOIN → Continued consolidation before a strong move BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving. (April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?) The false break of resistance and 8.5% retracement indicates that the coin is not ready to go up yet, but at the same time it is not ready to go down, as indicated by the MA-50 retest and the candlestick pattern, which can be interpreted as the activity of strong buyers protecting the market from falling. On W1 we see a strong growth, which gradually turns into consolidation and does not give any correction or technical pullbacks - this indicates the strength of the market, the bulls are watching the price and continue to stand in their bullish stand in order to throw the price even higher. Resistance levels: 71572, 73679 Support levels: 0.236 fibo, 64545, 61447 After the resistance retest, the market may be interested in the lower zones from the liquidity point of view. Bulls are actively defending them and holding the price, but before halving the price may try to drive it lower in order to liquidate traders and accumulate potential before further strong price movement CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
41
Bitcoin can reach resistance line of channel and then start fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and little declined, but soon BTC turned around and back to the seller zone. After this movement, the price in a short time declined from the seller zone to the support line, breaking the 70900 level again. Next, the price turned around and started to move up to the resistance level, and when BTC reached this level, it rose a little higher, after which turned around and made a downward impulse. Bitcoin broke even the support line, after which in a short time declined to the buyer zone, which coincided with the support level, but soon rose in out from this area, making a fake breakout. Later price a little rose, slightly and then declined lower buyer zone, but recently BTC turned around and started to move up inside the upward channel, where the price broke the 62100 level again and continued to move up. At the moment, I think Bitcoin can reach the resistance line and then start to decline to support line of the upward channel. For this case, I set my target at 64400 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
BITCOIN Can it hit $110k this Summer?Bitcoin (BTCUSD) hit yesterday its 1D MA50 (blue trend-line) to test it as a Resistance following the bearish break-out last week but got rejected. This is a discouraging sign short-term for any bullish attempt but it very consistent with all previous bottoms since the November 21 2022 market bottom. ** The 0.382 Fibonacci ** As you can see, all major rallies since that date pulled-back and found enough Support on the 0.382 Fibonacci retracement level exactly. Then once they closed a 1D candle above the 1D MA50, the new Bullish Leg was confirmed. On both bullish sequences, the top was priced on the -1.0 Fibonacci extension exactly. The above conditions indicate extremely high symmetry and consistency on this pattern. ** The MACD Bullish Cross ** At the same time, the emergence of a 1D MACD Bullish Cross came right after the bottom. Today BTC is about to complete such Bullish Cross. In fact since the November 2022 bottom only 1 out of 6 MACD Bullish Crosses failed to deliver a new High shortly (May 27 2023) and still this was insignificant as BTC formed another that broke above the 1D MA50 only 20 days later. ** 110k this Summer? ** It is therefore obvious that the last condition that needs to be fulfilled in order to have a legitimate case for a new Bullish Leg, is for Bitcoin to close a 1D candle above the 1D MA50. When it does, the next most likely Target according to this model, i.e. the -1.0 Fibonacci extension, is $110000. Unrealistic as it may seem, this Target wouldn't just hit Fib -1.0 on the horizontal but also the top of the (blue) Channel Up and the 2.0 Fibonacci Channel extension. And all this is possible by the end of this Summer. Do you think this is a legitimate price to expect this soon that high? 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
2
🔥 GRT Double Bounce: Back To All Time Highs?In this signal I'm going to combine two important reversals: - The daily RSI on GRT has hit oversold for the first time since September 2023. Daily oversold RSI's are amazing buying opportunities during bull-markets. - The price retested the bear-market highs of ~0.23 from back in January 2023 as support. This might be the final bearish move in the next few months, hence the target at the current ATH. Be aware this is a long-term trade and might take months to play out.
Long
by FieryTrading
4
🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃‍♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 . 🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I specified on the chart. ❗️⚠️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.
Long
by pejman_zwin
42
$BITCOIN' s fate#bitcoin price now testing the 1D ichimoku cloud resistance and also newly claimed 4H cloud. With 59K dip, #btc surged a bullish inverted head and shoulder pattern and bounced well. Now, upper orange box is the deadly resistance zone. Why? Because, #btcusd formed a wedge for 2 months, price breakdown the triangle and now hanging below the triangle. If CRYPTOCAP:BTC will continue this bull, it must reclaim the triangle and then breakout the wedge. Upper orange box is the test zone if it goes to reclaim the trend. If price declines from the upper orange box, then #btcusdt price will confirm the bearish retest and the lower orange boxes will be the support zones and probable targets. Not financial advice.
by naphyse