🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨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 the same title, where I argued that Bitcoin had entered an area of danger (the yellow mid band of the indicator).
The yellow band has historically proven to be a strong resistance. With BTC retesting the bottom support of the yellow band there's a serious risk of BTC falling through, resulting in further selling.
It's too early to tell whether BTC will correct all the way back to the green band, like last cycle. Nevertheless, the indicator has again proven to offer significant long-term trading opportunities.
How low do you think that BTC will go? Happy to hear your thoughts 🙏
Btc-usdt
HelenP. I Bitcoin can correct to support level and start to riseHi folks today I'm prepared for you Bitcoin analytics. Some days ago price reached the 70000 resistance level, which coincided with the resistance zone, but at once turned around and in a short time declined to the 62000 support level and even lower support zone, reaching the trend line. After this, BTC soon rebounded up, breaking the support level again, and tried to rise, but failed and fell back, after which turned around and started to trades in the wedge. Inside this pattern, Bitcoin rose to a resistance level and even later entered to resistance zone. where the price some time traded and then declined to the trend line. Later, the price rebounded from this line and made a strong impulse up to the resistance line of the wedge, thereby breaking the resistance level again. But soon, BTC turned around and in a short time backed up to the trend line breaking the 70000 level one more time. Soon, price broke this line too, exiting from wedge pattern, and then declined to the support level, which at the moment still trades close. So, in my mind, Bitcoin will decline to support level again and then start to move up, therefore I set my target at the 66000 level. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can break resistance line and rise to $70900Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price broke support level, which coincided with support area, and later started to rise in wedge.
In this pattern, BTC quickly rose to resistance line, thereby breaking $70900 level, but then price turned around.
Soon, price broke $70900 one more time and exited from wedge, after which it fell lower $62600 level.
Later Bitcoin bounced up from support line and rose to $70900 level, where some time traded and then little decline.
After this, price rose to resistance area, breaking resistance line, but recently BTC made downward impulse.
Now, price trades below support line and I think Bitcoin can fall little and then continue to rise to $70900 level, breaking this line.
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HelenP. I Bitcoin can decline from resistance zone to trend lineHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago made impulse down to the trend line, breaking the support level, which coincided with the support zone, but soon BTC turned around and rose back, breaking the 65000 level again. Then price made a little correction and continued to move up to the resistance level, which coincided with the resistance zone, and when Bitcoin reached this level, it some time traded near the 71300 level. After this, the price made impulse down to the support level, which coincided with the trend line and at once bounced up, then continued to move up close to this line. Some time later BTC reached a resistance level and even rose higher it, but soon turned around and made impulse down, breaking the 71300 resistance level one more time. But a not long time ago price rose back to this level and now trades close. So, I expect that Bitcoin will enter to resistance zone, after which the price will rebound down to the trend line. That's why I set my target at the 68000 level. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can make small correction and then continue growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price recently rose to the resistance level, which coincided with the seller zone and even entered to this zone. However, it soon turned around and made a downward impulse lower the 66500 level, breaking it and the 71000 level too. After this, the price declined lower buyer zone, but later BTC turned around and started to move up in upward channel, where the price soon reached the 66500 level and broke it again. Then price in a short time rose to the channel's resistance line, after which it fell to the support level back, and then at once continued to move up. Soon, Bitcoin reached a resistance level, after which it broke it and soon exited from the channel, but then the price turned around and started to decline in a downward pennant. In this pattern, the price declined lower 71000 level, breaking it one more time, and soon fell to the support line of the pennant, after which BTC in a short time rose back to the resistance level. But a not long time ago, the price rolled down from this level and now trades close to the resistance level and line of the pennant. So, in my opinion, Bitcoin can fall to the support line and then bounce up to the seller zone, thereby exiting from the pennant and breaking the resistance level. After this, I also think BTC will continue to move up, therefore I set my target at 72200 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can correct a little more and then bounce upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price traded in flat, where it reached $53000 level and soon broke it, thereby exiting from flat too.
Then BTC continued to move up in rising channel, where price corrected to support line and then bounced up.
In channel, price even entered to resistance area, which coincided with $72700 level, but soon fell back, making fake breakout.
After this, BTC bounced up from support line and tried to rise, and failed, declining to support line back.
But after this, Bitcoin turned around and in a short time rose to $72700 level, where now it continues to trades near.
In my mind, Bitcoin can decline a little more, after which bounce up to $76500, breaking resistance level.
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NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
BTCUSDT.4HIn this 4-hour Bitcoin (BTC) to USDT (Tether) chart, we're seeing several technical indicators and tools applied to determine the market's trajectory. This includes the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and multiple support (S1, S2, S3, S4) and resistance levels (R1, R2, R3, R4).
The RSI is showing a value slightly above 50, suggesting a neutral to mildly bullish sentiment as it is not within the overbought (above 70) or oversold (below 30) areas. Meanwhile, the MACD is providing a bullish signal with the MACD line (blue) above the signal line (orange), indicating that upward momentum may be building.
The price appears to be approaching a resistance level (R2) at approximately $73,390.70, which could act as a barrier to further upward movement. Should the price break above R1, it could suggest a continuation of the bullish momentum, potentially aiming for the next resistance level at R3 ($78,848.72) and beyond.
On the downside, the nearest support level (S1) lies at around $63,369.35. This level, along with subsequent supports S2 ($60,618.19) and S3 ($56,064.14), could serve as areas where buyers might step in to prop up the price if a retracement occurs.
Notably, the chart also shows an ascending triangle pattern forming, with the flat upper resistance line and the rising lower support line converging. This pattern often indicates continuation, so if I were assessing this chart, I’d be watching for a potential breakout above R1, which might be confirmed by increasing volume.
However, trading within the triangle could continue until a breakout or breakdown occurs. Hence, it’s critical to monitor how the price reacts to these levels. A breakout accompanied by high volume would increase the likelihood of the move being sustained.
In conclusion, while the chart suggests a potential bullish scenario, a trader must be prepared for any outcome, including false breakouts or reversals. As such, I’d have a risk management strategy in place, possibly setting stop losses below the latest swing low or support levels. It's also important to stay informed on the broader market sentiment and news that could impact Bitcoin's price.
Bitcoin can reach resistance level and then rebound downHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago rebounded from the support line and made a strong upward impulse to the support level, which coincided with the buyer zone. After this, BTC in a short time broke the 60800 level, made a retest, and continued to move up to the resistance level, which coincided with the seller zone. Price even entered to seller zone, but soon turned around and declined lower the 71250 level, making a fake breakout. Also then price started to trades in the range, where firstly it broke support line and fell to the support level. Then Bitcoin rebounded from the 60800 support level and made impulse up to the seller zone, but when it reached this area, the price at once exited, making a fake breakout of the resistance level. Next, the price some time traded near the resistance level and then declined below, but a not long time ago BTC turned around and started to grow, so now it trades near the 71250 level. Now, I think that Bitcoin can reach a resistance level and then rebound down. For this case, I set my 1st Take Profit at the 65000 level. Please share this idea with your friends and click Boost 🚀
btcusd started bull run soonThe upcoming Bull Run for Bitcoin is expected to reach significant levels of capacity, with updates on prices coming as signals are received. The Bull Run is anticipated to occur by today at 8 pm or possibly sooner. In the worst-case scenario, it might happen overnight while we're asleep, based on Pacific Time, but indicators suggest a high likelihood of it happening soon.
The surge in activity is attributed to the low volume of whales, indicating a mega Bull Run. This signal emerged on march 30th and is closely tied to volume, particularly reflecting retail traders selling at losses. The whales, large investors in the cryptocurrency market, have evidently decided that it's time to accumulate again.
While there's a possibility of delay, it's also conceivable that the Bull Run could happen even quicker than anticipated. This information is shared based on observations and analysis of whale activities.
@houseofcryptotrader
GRT a simple fact. It's bound to succeed Hello again,
This is a setup that I was able to join later in the game with a position around the $0.25 cents but I do consider that a price of accumulation anyway.
It's a little bit higher now but I see it's got the potential to reach $1 dollar easy. So it's a long for me and I'll see you there at the $1 mark.
Trade thirsty, my friends!
HelenP. I Bitcoin can make little move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago in a short time rose to the 61600 level, which coincided with the support zone and soon broke this level. After this, the price some time traded near this level and then rebounded up to the resistance level and even entered to resistance zone, after which BTC reached the trend line and turned around. Then, the price declined below the resistance level and started to trades in consolidation, where BTC first fell to the support level. After this movement, the price turned around again and made an impulse up back to the resistance level, breaking the trend line and trying to break the 71400 level, but failed. Price some time traded near the resistance level and later rebounded down to the trend line, after which a not long time ago BTC bounced from this line and started to rise. Just now, I think Bitcoin will rise a little more and then rebound down to the trend line. For this case, I set my target at 62800 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
BTCUSDT.2HLooking at this chart, I'm observing Bitcoin's price action against Tether (USDT) on the Binance exchange. We're using a combination of technical indicators and price levels to gauge potential future movements.
Firstly, the chart shows a symmetrical triangle pattern forming, which indicates a period of consolidation. A symmetrical triangle is typically considered a continuation pattern, meaning that the previous trend is likely to continue once the price breaks out. However, the direction of the breakout (upward or downward) is not determined by the pattern itself but by other indicators and market sentiment.
The Ichimoku Cloud is present here, which consists of several components. The cloud (Senkou Span A and B) acts as support and resistance levels. The price is currently below the cloud, suggesting a bearish sentiment. The Ichimoku Base Line (Kijun-sen) is above the Conversion Line (Tenkan-sen), which typically indicates bearish momentum.
We've also got pivot point levels marked as R1, R2, R3, and S1, S2, S3. These levels are used to determine potential support and resistance levels based on previous highs, lows, and closing prices. Currently, the price is hovering just above the S1 pivot point level. If it breaks below S1, the next levels to watch would be S2 and potentially S3 for support.
The Relative Strength Index (RSI) is just below 40, which is neither in the overbought nor oversold territory but is edging closer to oversold levels. This could indicate that there might be some buying pressure coming in soon, but it's not a guarantee.
The Moving Average Convergence Divergence (MACD) shows the signal line above the MACD line, and the histogram is in the negative territory, which supports the bearish momentum seen in the price action and the Ichimoku Cloud indicators.
In summary, the current setup is leaning more bearish, with the price below the Ichimoku Cloud and pivot point supports. The symmetrical triangle pattern suggests a breakout is imminent. If I were trading this setup, I would watch for a decisive breakout from the triangle pattern and confirm it with other indicators such as the RSI and MACD before making a trade. If the price breaks above the triangle and the cloud, that would be a bullish signal, while a break below could see further downside movement. It's important to keep an eye on the volume to confirm the breakout's strength and look out for any potential false breakouts.
BITCOIN - Price can grow a little and then start to declineHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price made from support level upward impulse to resistance line, after which turned around and fell back.
Then BTC declined to support line and then started to rise to $71700 resistance level, which coincided with resistance area.
When price reached this level, BTC at once broke it and started to trades in wedge, where price made downward impulse.
After this, price broke $71700 level one more time and declined to support level, after which bounced and started to move up.
Soon BTC reached resistance line of wedge, but at once turned around and declined below.
In my mind, Bitcoin can reach resistance line of wedge and then bounce down to $65350, exiting from wedge.
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HelenP. I Bitcoin can reach resistance level and then start fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago declined to the support level, which coincided with the support zone and even soon fell lower, but later turned around and made impulse up to the 71800 resistance level, thereby making a fake breakout of 63100 level. Soon, BTC entered to resistance zone, but some time later it turned around and made a strong impulse down to the trend line, breaking resistance with support levels. After this movement, Bitcoin turned around and started to move up inside an upward channel, where in a short time broke the 63100 support level again and then rose to the resistance line of the channel. As well then, the price reached a resistance level one more time, but at once rebounded, and at the moment it trades below. For my mind, Bitcoin will reach a resistance level again, after which the price turn around and start to decline to support line of the upward channel, which is the trend line too. That's why I set my TP at 68000 points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin can correct to support line and then make impulse upHello traders, I want share with you my opinion about Bitcoin. A not long time ago price rebounded from the support level, which coincided with the support area, and in a short time rose to 69000 points, after which turned around and made a strong downward impulse to lower the 64800 level, breaking it. After this movement, BTC started to trades in an upward pennant, where rebounded from the support line and quickly rose to 68200 points, breaking the support level again, but soon price repeated a downward impulse and fell back to the support line, breaking the 64800 support level one more time. Soon, BTC started to grow and in a short time reached the support level, broke it, and finally continued to move up to the resistance level, but firstly it made a retest of the support level and only then continued to grow. When the price reached a resistance level, which coincided with the seller zone, BTC broke it, and some time traded in this zone, after which made a small correction below. Later price rose to the resistance line of the pennant, after which rebounded down, and at the moment price trades very close to the resistance level. For this case, I think that Bitcoin can make a correction movement to almost the support line and then the price will impulse up a higher resistance line and 70500 level, thereby exiting from the pennant. After this, I think BTC will continue to grow to 72500 points. Please share this idea with your friends and click Boost 🚀
BTCUSDT.4HIn this BTC/USDT chart, the overall structure is bullish, as indicated by the price being well above the Ichimoku Cloud. However, currently, the price action is showing some consolidation after a significant uptrend.
The Ichimoku Cloud's span is wide, which usually represents a strong trend, but the price nearing the Conversion Line (blue) might suggest a short-term retracement or consolidation phase. The Lagging Span is above the price action and cloud, reinforcing the bullish sentiment over the longer period.
The RSI is around 55, which is fairly neutral and gives room for movement either way without immediate overbought or oversold concerns. This is indicative of potential further upward movement if the market sentiment remains bullish.
The MACD shows the histogram trending downward, and the MACD line is below the signal line, suggesting that the bullish momentum is currently weakening. A close watch is necessary here as this might signal the onset of a bearish phase or just a temporary pullback within a larger bullish trend.
Key resistance levels are identified as R1 at 74084.32 USDT, R2 at 78848.72 USDT, and R3 at 82704.45 USDT. These are important barriers for the bulls to overcome to continue the upward trajectory. On the flip side, support levels are found at S1 (67238.06 USDT), S2 (60665.16 USDT), S3 (56202.15 USDT), if a bearish reversal occurs.
My analysis suggests a cautious approach. The potential for continuation of the bullish trend is there, but the recent weakening momentum warrants vigilance. I would consider taking a long position if the price bounces off the Conversion Line with strong volume and an RSI that avoids the overbought territory. A close below the Cloud might shift my stance to bearish, considering short positions towards the nearest support levels.
BITCOIN - Price can enter to resistance area and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price moved up inside rising channel, where it reached resistance line and then made a correction movement.
After this, BTC bounced from support line and made strong upward impulse to $60750 level, exiting from rising channel.
Then, price broke $60750 level and started to trades in flat, in which BTC in a short time rose to $71800 level.
Also, price entered to resistance area, but soon turned around and declined back to support level, making fake breakout.
A not long time ago, BTC bounced from this level and rose to $71800 level again, and now trades close.
In my mind, Bitcoin can enter to resistance area one more time and then start to decline to $64500
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