BTC Update in Lower TimeframeBTC in the 2H timeframe shows good support at the current market price (CMP) where we have the 100 EMA. Additionally, the lower trendline indicates support at $67.7k.
We have short-term resistance at SWB:69K , and if BTC breaks above the blue range, a price jump up to the local top of $71.9k is likely expected.
Invalidation point: $67.7k.
Do your own research before making any decisions.
Regards,
Team Dexter.
Btcupdate
BTCUSD, Price in a supply region- Market bears to take controlBTCUSD started an upward trend since 1st May from $56,542 to a last week's high of $71,940.
BTCUSD price is hovering around a supply region and the bears are warming up to take control at the resistance level of $70,000.
My bias is bearish.
Resistance $71,198 - $70,400
Support: $64,595
BITCOIN 325000$ 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/USDT short term scenariosBitcoin opted for the most positive scenario in my previous idea. It represented the most favorable outcome, so I am also hopeful that this is what will unfold.
There is a significant liquidation heatmap of + SEED_TVCODER77_ETHBTCDATA:1B at $67,500. Since the bulls have already managed to pump to GETTEX:64K , it would be a shame to miss this opportunity to consume this liquidity.
The pump exhausts, and the indicators need to reset lower.
Scenario 1: CRYPTOCAP:BTC pumps to FWB:67K and then faces rejection. It shorts down to the first support orange box, then pumps higher again. This represents the best positive scenario.
Scenario 2: CRYPTOCAP:BTC pumps to FWB:67K and then faces rejection. It shorts down to the next support, the green box at around GETTEX:52K , and bounces back to the orange area.
Scenario 3: a catastrophic one, where CRYPTOCAP:BTC is rejected at the resistance area and dumps down to the red $GETTEX:45K area, leading to capitulation.
These are short-term scenarios; anything can happen in crypto, as it is unpredictable. Whales are playing with your money and attempting to deceive you. DYOR (Do Your Own Research).
BTC bullish patterns are printed BTC / USDT
We can see BTC is finally starting to print bullish patterns
1st Pattern : Bull Flag
This is strong bullish pattern and will be activated once we breakout the upper purple resistance line
2nd Pattern : Inverse H & S
This potential pattern is still under formation
If this pattern plays out ..,then BTC could revisit 65k-62k to form the second shoulder before next wild pump &breakout
My view is bullish priority for BTC but the question is which scenario will playout ? are we going to make breakout directly or visit the lower levels first
Best of wishes
Bullish BTCHi i’m Bullish On BTC
Reasons.
1. funding Rate are Flipping Negative
2. After Halving it’s 24% down
3. Recover in 2 Days with Volumes
4. ETF’s Approved in Various Countries like USA & Singapore
5. Big Investment company’s are Buying
6. as per Technical RSI It’s creating Strong RSI Indicating for Bullish
7. Trendline Breakout so it will come below test and then going up again so entry will be around 62 with SL 800 Pip from entry
8. Howmuch BTC can go? > it will hit ATH 71k for sure then you can see rejection there it will come and retest again below reentry there and then wait for next ATH
9. All Liquidity are standing above like 70-71k USD
#BTC/USDT Latest Update.#Bitcoin: I've said it many times, don't get distracted by short-term price action.
The price is likely to hit the $100k mark this bull run.
Don't give up when opportunities arise!
I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ.
CRYPTOCAP:DYDX Stop loss hit, considering a re-entry.
I will also accumulate long in $NEAR.
I'll be out for the day, but if anything important comes up, I'll post from my phone. Catch you soon.
Cheers!
Do hit the like button if you want me to post more Altcoin Trade Setups.
#PEACE
BTC Important UpdateBTC Update:
After a successful rally above $70k, making a local high of $71.9k, BTC got rejected with CMP at $67k.
We have support at FWB:65K and lower support at $60k. According to the analysis, FWB:65K stands as good local support for now.
Do your own research before investing.
Trade safely.
#Crypto #BTC
NEXT STOP: ATH BTCPerfect bounce on BTC at our first TP. I shared this idea some days ago and we has seen a retest there, exactly on H4 and daily resistance zone. I think we will see another continuation of the pump and this time we can probably target new ATH, and we can stop the run above $75-80.000. It's not yet the time to short
BTC Update on 19/05/2024As of 19th may 2024, BTC is trying to break resistance level at 0.618 fib level.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Bitcoin Premium. Confirming our upward trend. 84.000$Our previous deal closed due to a stop loss. However, since our goals remain unchanged, we're re-entering the deal. We observed a fakeout and subsequent rise, confirming our upward trend. Let's ride this wave! 🚀📈
This goal was sent to me by a major player in the game. His insights always hit the mark because his team commands one of the largest capitals in the market! 🌟📈
We're going to start taking liquidity from the top. 📈💰
Friends, this is an extraordinary insider tip, and I urge you to pay attention to it. Keep an eye on this idea. I've decided to share only a few ideas to demonstrate the quality of information I have. Just stay tuned. 🚀🔍
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.
BTCUSD recent market outlookbtcusd was touched the all time high based on its halving news, but currently the crypto coin is in a state of confusion either should it persume its journey to 100k or should bounce back to 50k area.
currently the support and resistance are as follows
resistance 67400 and 67800
if broken it will fly to 69000
support 66800 which is a strong support and break below will take bitcoin to 64000
Are we gonna witness a new All-Time HighBTC has broken the $70k resistance as expected. Now, it is aiming for the previous ATH of $73.7k.
Are we going to see a new ATH soon? I would possibly say yes, but for confirmation, BTC must hold the $70k support (previously resistance).
This is exciting!
Do your own research before investing.
Regards,
Team Dexter
#BTC
BTCUSD Massive FAKEOUT incomingUpdate:
BULLISH:
BTC has hit the monthly and weekly resistance zones. I have taken all profits off the table.
***BTCUSD slated inverted head and shoulders is still currently active.
TARGET: 74k
BEARISH:
Bitcoin could go up in value, but many obstacles might prevent it from reaching or staying above $72,000. These include strict government rules,(U.S. DO NOT LIKE BITCOIN) people's changing feelings,(WHALES) technical issues, competition from other digital currencies, environmental concerns, and the fact that it’s not widely used or easy to use. Always research and understand the risks before investing in Bitcoin.
More BEARISH:
Bitcoin isn't ready. Do NOT panic and buy for another ATH. Bitcoin isn't ready to crash the markets. The USD will hold. Wait for the price to go back into consolidation before making any more trading decisions. Bitcoin is reacting to the previous week's news... PPI data. Bitcoin just rose $5.1k in a day and still can not manage a higher high on the macro level. Don't believe in the hype... The parabolic phase is not yet ready. Take profits and pay attention to the upcoming news on Weds and Thrus—lots of meetings to discuss how they will neglect the price in Bitcoin.
These are just my thoughts, not financial advice.