BITCOIN ( TRADING ABOVE DEMAND ZONE ) ( 1D )BITCOIN
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price around 57,056 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level
PRICE MOVEMENT : the price in previously can be stabilizing above turning level around 57,056 , and created a demand zone , currently price at 59,731 , my opinion the price retest a turning level 57,056 after rising my goal resistance level at 62,452 .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 62,452 , second case price corrective a turning level at 57,056 before rising , if the price breaking supply zone reach a resistance level at 68,362
SHORT CONDITION : if the price breaking 57,056 by open 1D candle below this level reach a support level at 53,664 , then stabilizing below this level reach a 49,963 .
TARGET LEVEL :
RESISTANCE LEVEL :62,452 , 68,362
SUPPORT LEVEL : 53,664 , 49,963
Btctrade
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BITCOIN ( SENSITIVE AREA ) ( 4H )BITCOIN
HELLO TRADERS
Tendency the price inside a sensitive area
TURNING LEVEL : a black line between resistance and support level around 59,222 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line above turning level around 61,964, indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line below turning level around 56,702 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMENT : the price trading a sensitive area , generally stabilizing below turning level , indicates the price has taken a bearish
SHORT CONDITION : the price trying to reach a turning level around 59,222 , before dropping to touch a support level at 56,702 , then breaking this level reach demand zone at 54,321
LONG CONDITION : after breaking a turning level by open 4h or 1h candle above 59,222 , the price it will attempt to reach a resistance level at 61,964 , then breaking this level reach a 64,179
TARGET LEVEL :
RESISTANCE LEVEL : 61,964, 64,179
SUPPORT LEVEL : 56,702 , 54,321
BITCOIN ( UNDER UPWARD PRESSURE ) ( 4H )BITCOIN
HELLO TRADERS
Tendency after the price stabilizing support trendline , indicates the price is under bullish pressure
TURNING LEVEL : there is a orange line around 57,401, indicates if the price trade above this level reach a resistance level , but if the breaking turning level reach a support level
RESISTANCE LEVEL: there is a green line around 59,669 , indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line around 54,326 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMNET : the price stabilizing above turning level around 57,401 , in my opinion until the price trade above turning level ,indicates buying have more supply for bitcoin, so reach a resistance level at 59,669, then breaking this level reach a next target at 63,083, if the price breaking turning level , indicates selling have more demand for bitcoin, so reach 54,326 ,stabilizing below this level reach a 51,902
TARGET LEVEL :
RESISTANCE LEVEL : 59,669 , 63,083
SUPPORT LEVEL : 54,326 , 51,902
$BTC Daily UpdateCRYPTOCAP:BTC #BTC following up on previous 4H bullish close on current 4H, $59,788 testing, some resistance at $58,882 is also expected, RSI on 1D and 4H looks good, must gain support from $58,882 or it will retrace back to $56,557 test, $60,629 next key resistance, watch given S/R
QCP Analysts Say There Are Rally Signals in Bitcoin LONGWhile investors are trying to cope with the downward trend that has been going on for more than a month, Bitcoin is trying to withstand the German government's sales.
At this point, while analysts generally predict that the bottom may have come in Bitcoin or may come as soon as possible, an assessment came from Singapore-based crypto company QCP Capital.
Analysts stated that the market initially faltered in the face of Mt.Gox and the German government's Bitcoin sales, but then quickly recovered, listing the bullish signals.
At this point, he showed spot Bitcoin ETF entries as the first signal.
Stating that institutional investors increased their dip purchases, QCP analysts said that this situation was supported by strong spot BTC ETF inflows.
Analysts, who showed the purchase of BTC from exchanges in response to the sales of the German government as the second bullish signal, stated that less Bitcoin entered the market.
Finally, analysts stated that Bitcoin and Ethereum made higher bottoms this week after the sharp declines last week, and that the bottoms were purchased aggressively, and that these purchases were a bullish signal.
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we are looking for bounce back around 53~49 and not selling before 70 zone
PO3 possibilities on BTCUSDTGeneral Overview
Time Frame: The chart displays price movements in a 1-hour (1h) timeframe.
Current Price: The current price of Bitcoin is around 57,619.99 USDT.
Previous Movements: There are two main downward trends followed by recovery movements evident on the chart.
Technical Analysis Elements
Descending Channels (Yellow Channels): The yellow descending channels indicate Bitcoin's downward trend.First Descending Channel: Represents a longer and broader downtrend.
Second Descending Channel: A shorter-term downtrend, followed by an upward movement in price.
Support and Resistance Levels (Horizontal Lines): Support Levels: Identified around 56,858.28 USDT and 53,400 USDT.
Resistance Levels: Identified around 58,379.08 USDT and 61,997.53 USDT.
Box Patterns: These indicate areas where the price has consolidated before breaking out. Each box shows that after a period of sideways movement, the price has broken either upwards or downwards.
Trend Lines and Moving Averages (Blue Lines): These lines determine the average movement of the price and the general trend direction. The blue line indicates that the price is recovering following a decline.
Potential Scenarios
Upward Scenario: If the price breaks the 58,379.08 USDT resistance level, the next target could be 61,997.53 USDT.
A movement toward 66,000 and 67,534.95 USDT levels may be observed if it holds above this level.
Downward Scenario: If the price drops below the 56,858.28 USDT support level, the next support could be at 53,400 USDT.
If this level is broken, a further decline to lower levels might occur.
Conclusion
This chart is used to analyze the short-term price movements of Bitcoin. Technical analysis attempts to predict future movements based on past price actions. Investors can use such charts to support their trading decisions. However, it's important to remember that cryptocurrency markets are highly volatile, and such analyses may not always yield accurate results.
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we analyze BTC Bitcoin. It's evident that BTC has been showing strong bearish momentum in recent times. However, considering today is Friday, I anticipate a potentially sharp retracement as big money wind up their trades for the week and hit stops for liquidity. My strategy involves monitoring the 3-5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $58,290 support in effect, next key support at $56,557 which was last tested on May 01, RSI on 4H in oversold region, approaching oversold region on 1D time-frame too. Second follow up today on bearish engulfing from Tuesday, must hold $56,557 support area to avoid $55,393 support test. $59,788 initial resistance from here, then $60,629-$61,674.
BTC Bitcoin Technical Analysis and Trade Idea👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible sell opportunity given that the market is overextended and trading into resistance. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Chart Idea - BTC Swing Long for 6-8 weeksBTC looking bullish for next few weeks. It can certainly go and test $62k to $60k region. However, as per my TA, it's already hit the local bottom and need good bounce from here. Taking a swing long for next few weeks from FWB:65K on the basis of following confirmations.
Confirmations on Daily TF:
- Bull Flag Breakout and Retest
- 0.5 Fib Level Retracement at $64200 region
- Stoch RSI oversold at around 1 region
Trade Setup:
Entry: $65000
TP: $81500
SL: $59999
$BTC symmetrical tringle bullish pattern?CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient.
The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the chart.
However, the signs of a reversal are present, assuming that the selling pressure will stop.
The CMF is at the bottom, showing fear, and since it cannot go lower, it should recover. The RSI on the daily is close to the bottom, indicating a soon reversal to the upside.
In case of continued selling pressure, an invalidation of the chart would bring the support to the EMA 200 at 58k. Let's hope that does not happen.