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Btctusd

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
BITSTAMP:BTCUSDLong
by ArinaKarayi
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.
BINANCE:BTCUSDShort
by ShumbaFx07
#BTCUSDT Long#BTCUSDT We have the cup model configured perfectly. The cup hand was formed and the breakout to the upside occurred We have upward momentum and there are target areas that can act as a resistance area as well as a rebound point if we fail to break through it. We have the 49,000 level as an initial target and resistance area at the same time If we succeed in breaching it, we have a target for the previous peak, level 68,000. In the event of a rebound from the 49,000 level, it is expected to touch the rising trend You must pay attention to the retracement areas to benefit from the best retracements. As well as exploiting the penetration of those levels
Long
by CryptoAnalystSignal
Bitcoin ended the uptrend and now we are going to new bottomIn this comprehensive analysis, we delve into Bitcoin's current market trajectory, highlighting a potential end to its recent uptrend. Based on the Elliott Wave Theory, we are currently observing a pivotal transition that could redefine Bitcoin's market value in the near term. Our analysis suggests that Bitcoin, currently hovering around the $42,000 - $43,000 range, is on the brink of a significant downturn. We anticipate a sharp decline to levels below $10,000, potentially reaching as low as $6,000. More dramatically, this descent might not halt until Bitcoin hits a staggering low of around $1,000. This price point is projected to be the foundational bottom, setting the stage for an unprecedented bullish wave. This expected downturn is classified as Wave 2 in the context of the Elliott Wave Principle. This phase is crucial as it typically precedes a strong bullish momentum. Our projections indicate that following this dramatic decrease, Bitcoin could enter a rapid and robust Wave 3, soaring to new heights between $130,000 and $150,000. This surge is not just a recovery but a monumental leap, potentially setting new records in the cryptocurrency market. It's important to note that while this analysis is rooted in well-established financial theories and current market trends, investors should approach with caution. The cryptocurrency market is known for its volatility and unpredictability. As such, this analysis should be considered as one of many possible scenarios, and investors should conduct thorough research and consider a variety of factors before making investment decisions. Stay tuned for updates and further insights as we continue to monitor Bitcoin's intriguing market journey.
BITSTAMP:BTCUSDShort
by BREAK-impossible
3
BTC to drop 7% before it goes up againBitcoin (BTC) is currently on the cusp of a market adjustment, with projections suggesting a potential drop of approximately 7%. This anticipated decrease is seen as a part of the normal ebb and flow characteristic of the cryptocurrency market. Such fluctuations, while often unpredictable, are not unusual for digital currencies like Bitcoin, which are known for their volatility. This upcoming decline in BTC's value is expected to be a temporary phase, influenced by various market factors and investor sentiments. Despite the imminent drop, market analysts are optimistic about Bitcoin's recovery post-decline. Historically, Bitcoin has shown a remarkable ability to bounce back from dips, often achieving higher values post-recovery. This pattern suggests that the forthcoming decrease could present a valuable buying opportunity for investors. Those who purchase Bitcoin during this dip could potentially benefit from significant gains during the expected rebound. This strategy of buying low and selling high is a common practice among cryptocurrency investors, who capitalize on these market cycles. Looking ahead, the forecasted dip in Bitcoin's value is viewed as a short-term event in the broader context of its market trajectory. The cryptocurrency is expected to not only recover from the anticipated 7% drop but also potentially reach new heights. This optimistic outlook is based on Bitcoin's past performance and its growing acceptance and integration into mainstream financial systems. Investors who weather the temporary downturn and hold onto their assets are likely to see their patience rewarded as Bitcoin continues to evolve and gain traction in the global financial landscape.
BITSTAMP:BTCUSDShort
by TotoParasca
BTC / Market Update !BTC / USDT Hello guys Sorry for the inactivity last 3 weeks BTC didnt make any significant move all this period it was a very calm market As you can see Price still respect the key levels in high time frame since my old idea We can see in my new chart a very clear falling wedge pattern, most likely it will breakout soon …the possible short term targets :27700$ - 28500$ - 29500$ - 31000$ Altcoins Market : Dominance of BTC is breaking out as shown in picture below ,So Theres no any benefits for new entry in altcoins as long as Dominance is like that We can make a new entry only if it turned to be a fakeout and strong rejection takes place unless that happen the waiting is the best thing we can do here for altcoins ) Don’t forget to support this idea by likes/rockets Share your thoughts in comments section below ⬇️
by Babenski
50
btc transaction analysis The trading strategy analyzed by everyone earlier, I believe that all friends who keep up will have great profits. btc trading is expected to fluctuate and fall this week, focusing on 27400-26650-26150, I will choose to look for trading opportunities at these three points, keep up with me, and I will share more accurate trading signals with you. Next, I will continue to provide more trading signals with an accuracy rate of more than 90%. If your trading results are not satisfactory to you, then you should join me as soon as possible!I will make your account profitable every week to reach more than 8K-15Kusd
BITSTAMP:BTCUSDShort
by UnknownUnicorn55305588
8
BTC very interesting fractal !BTC / USDT BTC is making a very interesting fractal The left side chart is 2016 and right side is today If this repeats then be ready for a surprise 50% pump from here (unexpected for the majority of traders) This scenario is also considered the 1st structure I shared with you in my last analysis …check attachment below Most of pepole now will vote for major bearish wave which could be a main reason for pump (may be not 50% but hit of their stoploss /taking liquidity before dropping looks reasonable) is this scenario possible? Agree or not ? Share with me in comment section below ⬇️
by Babenski
60
BTC-24 MONTH PRICE EXPECTATIONSHalving History Performance A zoomed in view of yesterdays chart. The chart below illustrates the two prior halving cycles fractals 1 year pre & post the halving date. Whilst past performance is no guarantee of future returns, the chart can help us frame the 24 month period ahead of us and give an idea of reasonable price expectations. Reasonable Price Expectations May 2023 - April 2024: $19,150 to $44,284 (Average $31.7k) May 2024 - April 2025: $28,790 to $86,000 (Average $57.4k)
INDEX:BTCUSDLong
by PukaCharts
BITCOIN needs to hit 26k before more gain ❌🧨Hello 🐋 we can see more correction to the downside, at least close to great daily support level ($26000) ❌🧨 in other word if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨 otherwise we can see more gain to upper resistance level ✔️🚀 for any other huge pump, we need more correction 📖📖📖📖📖 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
7
$BTC/USD 6H Bearish Diamond Future Price ActionIntroduction: Bitcoin , the world's most popular cryptocurrency, has recently exhibited a bearish diamond formation in its price movement. In this analysis, we will explore the implications of this pattern, the estimated breakdown price, potential long entry points, and the prospects of a correction before a further move to 32k. Bearish Diamond Formation: The bearish diamond is a relatively rare chart pattern in technical analysis , formed when the price of an asset expands and contracts within a specific diamond shape. This pattern is considered bearish because it usually signals a trend reversal from an uptrend to a downtrend. Price Breakdown: The bearish diamond formation in Bitcoin's price movement indicates that it could potentially break down to an estimated price of 27.2k. This breakdown price is derived from the measurement of the widest part of the diamond, projected downwards from the point of breakout. Long Entry Points: Considering the bearish diamond pattern, traders may look for long entry points between 24.2k and 25.8k. This range represents a possible area of price support, as it lies below the estimated breakdown price of 27.2k. Entering at these levels may provide a favorable risk-to-reward ratio, especially if the price rebounds from this range. Correction and Move to 32k: Despite the bearish nature of the diamond formation, I believe that Bitcoin is displaying a correction before a further move to 32k. This scenario suggests that the bearish diamond formation could be a temporary setback before a resumption of the uptrend. If this is the case, the price would need to stabilize and reverse from the long entry range of 24.2k-25.8k, followed by a sustained upward movement. Key Factors to Consider: For the correction scenario to play out and Bitcoin to reach 32k, several factors should be monitored: Volume: A significant increase in buying volume could signal a potential trend reversal, supporting the idea of a correction before a move to 32k. Liquidation Volumes and funding rates will impact these volumes as well. Market Sentiment: Positive news, developments, or a change in market sentiment may contribute to a shift in the price trend. Technical Indicators: Keep an eye on key technical indicators such as Moving Averages, RSI , and MACD , as they can provide insights into the strength of the trend and possible reversal points. Conclusion: The bearish diamond formation in Bitcoin's price movement suggests a possible breakdown to 27.2k, with long entry points between 24.2k and 25.8k. However, some analysts believe this pattern may represent a correction before a move to 32k. To validate this outlook, traders should closely monitor factors such as volume , market sentiment, and technical indicators. As always, it is crucial to manage risk and set appropriate stop-loss levels when trading cryptocurrencies.
BITFINEX:BTCUSD
by I2COOL4SKOOL