Btctrade
📉Think Outside the Box BTC!📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end.
⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box.
🔴The past few weeks, the pressure of market volatility was very high and we needed a break.
We will review the market again from today.
Please share the analysis posts to support and give us energy.
BITCOIN 325000$ giant cup and handle ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
BTC / USD bearish outlook. High probability of a 15% dropThere are many reasons why CRYPTOCAP:BTC could actually fall further from this descending channel, both on the chart and in the macro economy. Let's dig into my reasoning and how I came to this conclusion.
Here is a list of negative factors:
The macroeconomic outlook is bad. We will likely see poor CPI reports and disappointing FED meetings in the coming months.
The S&P 500 is at an all-time high, suggesting a correction is imminent. If this correction occurs, crypto will also likely fall.
Gold prices have corrected.
CRYPTOCAP:BTC has been moving sideways for 170 days, causing many bulls to turn bearish in hopes of finding a better entry point for the remainder of the bull run.
There is a lot of liquidity and short positions below us at $58k, GETTEX:52K , and GETTEX:48K , which exchanges and whales can easily target.
There is significant liquidity above us at FWB:67K - $71k, but bulls have tried to reach this level four times and were rejected by the top descending trendline.
Volume is decreasing, which can lead to a massive move.
The MACD is struggling to rise, indicating low momentum.
The SRSI is oscillating below 50 without breaking out of this middle range.
The fake-out on April 9th reset the downtrend channel with a more bearish outlook, which is why I start my trendline from this date.
Conclusion: To exit this descending channel, a shakeout is necessary. The bulls are not strong enough to push to the upside, the macroeconomic environment is negative, and there is nothing to help CRYPTOCAP:BTC pump significantly.
Bulls seem to realize that in order to escape this trap, a significant capitulation is necessary to restart the uptrend.
If we drop to the $50k area, many bears will enter long positions, resetting the market to an uptrend.
This is just an idea, I might be wrong, DYOR, everything can happen.
Bitcoin short squeeze: $85M in BTC shorts liquidated in 24 hoursBitcoin (BTC) experienced a dramatic market shift as its total liquidations surged to $97.06 million, driven by $10.98 million in long positions and a staggering $85.08 million in short positions being wiped out.
The sudden price increase caused over $260 million in market-wide short liquidations on May 20, the largest since February 28th. Ethereum (ETH) shorts lost over $115 million, followed by Bitcoin shorts at just over $97 million, according to data from Coinglass.
This upheaval occurred as Bitcoin’s price surged around 5% in the past 24 hours, reaching $71,078.15. The cryptocurrency’s 24-hour trading volume also skyrocketed by 138%, valued at $54.065 billion, with a market capitalization of $1.40 trillion.
Bitcoin at $71k: Should you grab BTC today or wait? SHORT NOWAs Bitcoin continues to dominate the cryptocurrency market, its recent price movements have caught the attention of investors and analysts alike. Over the past few months, Bitcoin has shown a significant increase, with a surge of over 100% year to date, and a notable rise of 9.8% in just the past week.
Despite reaching a new peak above $73,000 in March, Bitcoin is currently facing challenges in surpassing the $67,000 resistance level. Recently, after hitting a 24-hour high of $67,697, it slightly retracted by 0.7%, bringing its current trading price to around $66,800.
BTC Bitcoin Technical Analysis and Trade IdeaBTC Bitcoin exhibits a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this trend. Assuming price action unfolds as outlined in the video analysis, favorable trading conditions are expected. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Always practice prudent risk management when trading, and remember that this information serves purely educational purposes and is not financial advice. 🚀📊
BTC Bitcoin Technical Analysis and Trade IdeaBTC has exhibited a robust bullish trend on the daily timeframe. Our primary objective is to pinpoint a buying opportunity that aligns with this ongoing trend. Assuming price action unfolds as outlined in the video analysis, we expect favorable trading conditions. The video delves into essential elements such as trend analysis, price action insights, market structure, and a potential trade setup. Remember to practice prudent risk management when trading, and keep in mind that this information serves purely educational purposes and is not financial advice. 🚀📊👍
BTC will continue to break through all-time highs
Hello everyone. Today's rise in BTC is completely expected. And I started buying around 61500 and reached my TP price. At present, BTC remains oscillating in the 70,000-60,000 area. Tomorrow I will continue to share with you the trend analysis of BTC here
Swing & Day Trading Bitcoin LongsBitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require.
Daily closes below $65,000 or sustained movement below $63,000 would invalidate this setup.
Any trades upcoming this week will be posted below. Likes and Follows are appreciated
Btcusdt Long setupBtcusdt made a cup & handle pattern on price action
handle of the cup or flag is in the making we can trade between
the range.
Buying is recommended at the area of
54650 to 44700 with the stoploss of 36900
For the target area of Tp1 84000 Tp2 115000 & trail.
If you're a leverage trader buy at above the
breakout area of 74000. SL below 66000
Target remains the same
Spot Bitcoin ETFs Rebound with $1.3B Inflows in May |BTC LONG...Bitcoin price fluctuations have directed significant attention from investors towards meme coins. The primary reason for this shift is the higher volatility exhibited by meme coins, attracting many new participants into the market through notable success stories. This pattern frequently leads to speculative price movements when Bitcoin prices surge. So, what’s the current status of prominent meme coins aside from Dogecoin? COINBASE:BTCUSD
Bitcoin Bounces Back: Eyes on $74,000 After May 16 Surge
Bitcoin (BTC) surprised many on May 16th with a sudden surge that brought its price close to $66,000. This bullish move followed a period of consolidation and came amidst a broader risk-asset rally triggered by positive economic data from the United States. While some analysts remain cautious, others see this jump as a potential springboard for further gains, with some even predicting a push towards $74,000.
Positive Macro Data Fuels Risk-On Sentiment
The key factor behind Bitcoin's recent price increase seems to be a shift in investor sentiment. The release of positive economic data from the U.S., indicating continued economic growth, sparked a risk-on environment across the markets. This meant investors were more willing to invest in riskier assets like Bitcoin, leading to the sudden price jump.
Bitcoin Price Analysis: A Bullish Case
Technical analysts are now scrutinizing the recent Bitcoin price action. The successful break above the $62,000 resistance level is a bullish signal, suggesting a potential continuation of the uptrend. Additionally, some analysts point to the fact that Bitcoin is currently trading above its 50-day and 200-day moving averages, further bolstering the bullish case.
This positive sentiment is echoed by some prominent figures in the cryptocurrency space. Predictions are circulating that Bitcoin could reach $74,000 in the near future, with some even suggesting a potential price discovery phase beyond that.
Doubts and Uncertainties Remain
Despite the current optimism, some analysts remain cautious. The swiftness of the recent price increase has raised concerns about a potential correction. A pullback could occur if investors decide to take profits or if there's a sudden shift in market sentiment.
Furthermore, the broader economic climate remains uncertain. Rising inflation and potential interest rate hikes by the Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin.
Focus on Key Resistance Levels
The coming days will be crucial for Bitcoin's price trajectory. If BTC can hold onto its gains above $62,000, it could pave the way for a test of the $68,000 resistance level. A decisive break above this level would significantly strengthen the bullish case and increase the possibility of reaching the much-anticipated $74,000 target.
Long-Term Outlook: Still Bullish?
While the short-term outlook for Bitcoin is uncertain, many analysts remain optimistic about the long-term prospects. The upcoming Bitcoin halving event in 2024, which will significantly reduce the number of new Bitcoins entering circulation, is expected to put upward pressure on the price in the long run.
Furthermore, the increasing institutional adoption of Bitcoin continues to be a positive sign for its future. As more major financial institutions embrace Bitcoin, it could lead to increased demand and price appreciation.
Conclusion: A Balancing Act for Bitcoin
Bitcoin's recent surge is a positive development, but it's important to acknowledge the remaining uncertainties. The price will likely continue to be influenced by a combination of factors, including macroeconomic data, investor sentiment, and technical indicators.
While some analysts predict a price discovery phase beyond $74,000, others remain cautious about the possibility of a correction. Close attention should be paid to how Bitcoin behaves in the coming days, particularly its ability to hold onto its gains and potentially overcome the key resistance levels.
Ultimately, whether Bitcoin can maintain its upward momentum and reach new highs will depend on how these various factors play out in the near future.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.