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BTC Update on 19/05/2024As of 19th may 2024, BTC is trying to break resistance level at 0.618 fib level. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDLong
by rukshan2102
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.
BINANCE:BTCUSDShort
by ShumbaFx07
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. 🚀📊
FOREXCOM:BTCUSDLong
by fxtraderanthony
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. 🚀📊👍
FOREXCOM:BTCUSDLong
by fxtraderanthony
Bitcoin’s Promising Outlook this week BTCUSDThe past week has been highly optimistic for cryptocurrencies after a prolonged period of uncertainty. Despite the high Producer Price Index (PPI) data, April’s low inflation report in the United States has given risk markets a much-needed boost. The fear of additional interest rate hikes by the Federal Reserve has subsided, allowing markets to breathe easier. Until the next Fed meeting on June 12, all eyes will be on employment and other economic indicators.
BINANCE:BTCUSDLong
by ShumbaFx07
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
BINANCE:BTCUSDLong
by ShumbaFx07
8
The first TP will be around 58,987, and the second TP is 64250.An interesting development is unfolding on the fifteen-minute timeframe in Bitcoin, indicating readiness for selling and shorting. Due to two candles forming around the $60,000 mark within a fifteen-and-a-half-hour timeframe, along with the formation of a head and shoulders pattern, if the price can break the trend line in the lower timeframe, we can expect the confirmation of the forming head and shoulders pattern and a slight price drop slightly below the Fibonacci 1.618 level at $58,987. However, the intriguing aspect is that since $58,987 is the last candle in the lower timeframe, and there's a candle at $64,250 in the half-hour and one-hour timeframe, there's a high probability that after reaching $58,987, the price drop will quickly reverse and move upwards, hitting the second TP at $64,250, before experiencing another price drop below $58,987.
by khosrooparviz
4
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is currently in a downtrend, which we can observe on the daily time frame. It has been forming a pattern of lower lows and lower highs. However, there’s an interesting development when we zoom in to the 30-minute time frame. On the daily chart, BTC retraced and moved away from an optimal entry point. But on the 30-minute chart, using the same strategy, we see a potential sell opportunity if price action aligns with what’s described in the video. In the video, we cover essential aspects of technical analysis, including trend analysis, price action, and market structure. Remember that trading involves risks, so always manage your risk carefully. This information is for educational purposes only and should not be considered financial advice. 📈👍
FOREXCOM:BTCUSDShort
by fxtraderanthony
BTC Bitcoin Technical Analysis and Trade IdeaRecently, BTC has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback into a resistance zone. The video discusses the prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your consideration. Please remember, the content provided is solely for educational purposes and should not be taken as investment advice. Trading involves significant risk, highlighting the importance of consistently applying strong risk management strategies.
FOREXCOM:BTCUSD
by fxtraderanthony
3