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Btc-price

Bitcoin - How low will it go?Looking at BTC on the daily chart, we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level. If price continues its downward movement, I will be looking for opportunities within the marked potential buy zone. If price breaks above the channel, I will wait for confirmation to go long for a short-term move upwards until further data is available. What are your thoughts on Bitcoin? COINBASE:BTCUSD
COINBASE:BTCUSDShort
by TheTrendInspector
2024-06-18 - a daily price action after hour update - btcGood Evening and I hope you are well. bitcoin comment: Laid out my plan in my weekly post, so check that out if anything is unclear here. Market is forming another bear wedge which could break above again for another pullback. I expect the pullback to be weaker than the one to 67000 and it could stay below 65000 if this is uber bearish. If bulls are tough, we could see 66000/66300 again. In any case, I expect this to continue downwards to at least 61000 in the near term. Decent chance we wont see 70000 for couple of years. current market cycle: Trading Range / on shorter tf it’s a weak bear trend, see channel on chart key levels: small range 63000 - 67000 / big range 56000 - 74000 bull case: Bulls trying but it’s a STR market and bears mostly staying below the 1h 20ema. Bulls want another pullback like Monday for 2000 points but they would need follow through afterwards. Bears used it to sell even more aggressively for new lows. First bull target is 65000 and then 66000. Invalidation is below 63500. bear case: Bears in full control here. Their main goal is to break below all lower bear trend lines and below 63500 for a freefall to 60000/61000. I expect bears to continue to sell every rip. That has been working for 8 days now. Invalidation is above 66000. short term: bearish and sell the rips. 61000 soon. 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: Only good if you trade the asia session or shorted yesterday’s high. 67000 was resistance since late Thursday so shorting there was decent. Was good for 3000 points but if you were asleep or not short, second best trade was a short near the 1h ema at bar 11.
CRYPTO:BTCUSD
by priceactiontds
#202423 - a weekly price action market recap and outlook - btcGood Evening and I hope you are well. bitcoin Quote from last week: comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls finally broke above it with force and bears quickly retested that price and it turned support, which gives the bulls some momentum. Market has not touched the daily 20ema for 11 days, which is very bullish. I have two paths forward Bitcoin could take imo. Either we are done with the latest small bull trend inside the bigger trading range and W5 ended at 71954 or W1 started around 61000 and the 71954 high was W3 and W5 could lead to a new ath. Answer should be given by Tuesday/Wednesday. Even if it makes a higher high, upside will probably be very limited and odds favor a continuation of the trading range. comment: Turns out my two-legged correction and 71954 being the high was pretty good and my C target was around 66600 and the low of the week was 66657. 67300 was resistance before and has turned support. We are right at the lower bull trend line and market will either break it on Monday or we will trade back up again. Right now it’s a very tight trading range and I would wait until we see bigger move with follow through. current market cycle: Tight trading range inside bigger trading range key levels: 66500 - 70000 small range / 56000 - 74000 (big range) bull case: 67600 is do or die for bulls. When this bull trend line breaks, their chances of another leg up are becoming very low. If market turns up again with momentum, we can see 70000 again and there market decides if it can try again of reaching higher prices. So far bulls were rejected 5 times above 70000. Invalidation is below 67000. bear case: Bears achieved their minimal target last week and rejected bulls again above 70000. Now they need to print lower lows to break the bull channel and make more bulls cover. I do think most bull stops will be below 66000 and they will probably not buy again until we hit 60000 or even 56000. Now comes the important part for the bears and I think Monday/Tuesday will set the direction of the next move. Just very slightly favoring the bears here but they need to get a good close below the daily ema which is directly under us at 67200. Invalidation is above 69000. short term: Neutral between 67000 - 69000 medium-long term: Down to 40000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged chart update: Removed bull channel and bull waves, added descending triangle.
CRYPTO:BTCUSD
by priceactiontds
202422 - a weekly price action after hour update - bitcoinbitcoin Quote from last week: bull case: Bulls need strong close above 67000 for 70000 and probably retest of ath. They tried 4 times now and failed. Market is also a wedge top on a lower time frame. Bulls have no good arguments around 67000. comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls finally broke above it with force and bears quickly retested that price and it turned support, which gives the bulls some momentum. Market has not touched the daily 20ema for 11 days, which is very bullish. I have two paths forward Bitcoin could take imo. Either we are done with the latest small bull trend inside the bigger trading range and W5 ended at 71954 or W1 started around 61000 and the 71954 high was W3 and W5 could lead to a new ath. Answer should be given by Tuesday/Wednesday. Even if it makes a higher high, upside will probably be very limited and odds favor a continuation of the trading range. current market cycle: Small bull trend (see channel) inside bigger trading range key levels: 56000 - 74000 bull case: If bulls want another leg up for the ath, market should not drop below 68000 again. If it does, today was a lower high double top and we will trade sideways or down to break the bull channel. If bulls keep it above, their next target is the high of last week at 71954 and above the obvious ath magnet at 73805. bear case: Bears see this rally done and the two legged correction missing the second leg down, which they want to get below 68000, break outside the bull channel and test the daily ema around 67500. I expect that Tuesday will give a decisive answer on this one. Right now I think the bears are slightly less favored. short term: Neutral between 68000 - 72000. Market needs to break this range for higher or lower prices. medium-long term: Down to 40000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged chart update: Adjusted bull channel, wave series and added possible two legged correction.
CRYPTO:BTCUSD
by priceactiontds
BTC.USD Monthly VisionHello Guys. How are you today? Let me say to Frankly, It's not financial advice. that is just a Vision of the market. that's all. ***************************** Today, I want to talk about Bitcoin in Monthly Time Frame. as you see, I used the Fibonacci channel. I remove other levels except 0 - 0.5 - 1 - 1.5 - 2 I want to introduce you to 0 as a low of the first channel. (Black Line) I want to introduce you to 0.5 as a Midline of the first channel. (Red Line) I want to introduce you 1 as a Top of the first channel. (Black Line) and so on. ***************************** I changed the candle stick to a line chart. So let's go into details. I drew by Fibonacci Channel and you see two red circles (as support zone) these circles are reactions to the Fibonacci channel, I expect the price to touch again the Fibonacci Channel around 22500 USD and if we lose this zone,10500-11500 USD will be the next support zone. And the 3rd Support zone will be the Blue circle zone. So, please watch the market, there is no money in the market. The situation is so complicated. I believe that we are in a recession and the U.S. government could NOT talk about the Recession because of China some reasons. I bet we will touch the second support zone around 10500-11500 USD and maybe we will touch 4300 USD. Who Knows!!! Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends. And Tell me do you agree with me or Not? By the way, please draw this Fib Channel on your chart, and after that change the price from Line-chart to Candle-Stick. You will see some amazing reactions. For example in Purple Circle 😜 Thank you so much in advance. Wish you Health and Wealth. Sincerely Yours Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
BTC QUICK ANALYSIS OF PRICE ACTIONBITSTAMP:BTCUSD btc is currently down trend. after breaking out of rising wedge we had seen massive decline in price. no btc seems to be forming a falling wedge which is bullish for short terms. what i think the price will do is to retest 20600 and gets rejected so we can retest the lower of june-july. right now we can also observe bullish divergence in rsi which is yet to be confirmed. make sure you should put massive orders when btc hit 19200 and place your SL below 18600
BITFINEX:BTCUSD
by CryptoSlazy