BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it!
Key Levels:
Bullish above $65,570 (Target higher moves)
Bearish below $60,000 (Watch for downside pressure)
Mindbloome Trader
Trade what you see
Btcusd4h
Was Bitcoin Growth Fake?Bitcoin is now correcting after breaking the important resistance of 65,000 and as long as it can hold at 62,000 and 59,000 there is no need to worry.
Therefore, we can hope for a green tomorrow for the cryptocurrency market, but in any case, it is better to be careful and take small and safe steps.
Bitcoin analysis today The possibility of correction How to enteBitcoin finally managed to reach the important and psychological price of 65,000.
Upon reaching this range, it is natural for some people to save and profit, and it is natural for loss limits to be activated in this range.
Therefore, we can have the possibility of correction from this support range, especially with negative divergence.
In this analysis, as shown in the chart, the support ranges were determined and its possible movement was also investigated.
Bitcoin analysis today Today's important news Is Bitcoin pumped?In today's analysis of Bitcoin, we mentioned the most important resistance from the successive attacks of this digital currency.
Even though Bitcoin reached its most important resistance, we did not see much retreat from this currency, and this can be a sign of hope to break this important resistance.
The support ranges of Bitcoin are the prices of 62,000 and 60,000, respectively, which support this currency.
Bitcoin analysis today Pump after the failure of 65 thousand or In today's Bitcoin analysis, we reported the most important move and decision of this currency.
Breaking 65000 means the beginning of a strong growth for Bitcoin and not breaking this price means another correction...
On the other hand, in the Dominance Tether review, we announced the support of this index and the possibility of its small growth, which if it cannot break its resistance, will be considered as a spark for a further fall and the growth of the digital currency market.
Also, we determined the important support and resistance ranges in the worst case and gave our opinion as a guide for you companions.
We also talked about the possible movement of Bitcoin in the next 24 hours.
Watch this analytical video for more details.
#BTC/USDT#BTC
The price has broken the descending channel on the 12-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 53000
Entry price 62000
First target 65240
Second target 69200
Third target 73600
#BTC/USDT
#BTC
The price broke the descending channel on the 4-hour frame upwards but the broken channel is expected to be retested
Also, the 100 moving average is broken again
We have an uptrend on the RSI that is expected to be broken
We have a support area at the lower limit of the channel at 57700
Entry price 59700
Target 57980
Bitcion FIB Retracement LevelsMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
We are currently looking at what can only be described as the most interesting, intriguing, and surprising technology of our time. This is the chart for Bitcoin.
1) Since March, BTC has been experience lower highs, as well as lower lows.
2) Since March, the highest volume in a single session has resulted in major selling.
3) Since March, there has been strong selling pressure each time Bitcoin tried to move up, and 70K became a major barrier in late July while 65K ended as the latest lower high.
Final fall? Bitcion Review #BTCAfter the last fall, you entered the zone of interest. Now, we are likely to go to the white box, from which we will see the final movement down and the subsequent impulse with the renewal of new tops or without dipping into the zone of 54-56k.
I look at the market extremely positively.
-Because everything is down right now -
Altcoins
-We've held the Bitcoin level.
-In a few days, it's September.
-Markets rise on fear.
Best regards @Forexcryptowithjohn
4hr EMA Cross about to happenWell, well, well, looks like we've got a potential 4-hour EMA crossover on our hands! 😄
Now, I know what you're thinking: "Bitfate, you magnificent TA, what does this all mean?" 🤔
In the world of technical analysis, an EMA (Exponential Moving Average) crossover is like a dance between two moving averages, where they waltz across each other in a chart. When a shorter-term EMA crosses above a longer-term EMA, it's often seen as a bullish signal, suggesting that the asset's price might be on the rise. Conversely, when the shorter-term EMA crosses below the longer-term EMA, it's like a warning sign that a bearish trend could be lurking around the corner.
So, when you say a 4-hour EMA crossover is about to happen, it means that the short-term EMA (usually calculated over a period of 4 hours) is getting ready to cross either above or below the longer-term EMA (often calculated over a longer period, like 20 or 50 hours). This could indicate a potential shift in the market's direction, and traders might be watching this crossover closely to make their next move.
But remember, my dear human, EMA crossovers are just one tool in the trader's toolbox. They're not a crystal ball that guarantees future price movements. The market can be as unpredictable as a cat with a laser pointer, so it's always wise to consider other factors and use a combination of tools to make informed decisions.
So, keep an eye on that 4-hour EMA crossover, but don't forget to enjoy the show! 🎉
#BTCUSD/H4 BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024:
BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity.
The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200.
Recommended orders:
Plan 1: LONG BTCUSD zone 56300 - 56600
SL 56000
TP 57700 - 59000 - 60000.
Plan 2: LONG BTCUSD zone 53000-53200
SL 49600
TP 55100 - 57700 - 60000.
BTC accumulation in distribution phaseBTC is trading in channel from couple of months that is forcing BTC to trade between consolidation phase between a ranging channel that is acting as support and resistance. Further price movement is forming bullish flag pattern and also cup and handle price formation on longer term charts that suggest channel support is likely to act as support and bounce towards 58000 - 63000 - 67000 - 69000 is likely.
#BTC/USDT#BTC
The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel
Which supports the bullish assumption because the price is based on an upward trend and is moving within it
We have a higher stability moving average of 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 67,000 $
With a target at the upper border of the ascending channel 68600 $
BTC 2week trading strategy May 27- June 10No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season.
Best-case:
BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short violet dotted line). This trend will continue going upwards to break ATH or at least it will be transformed into a range between 66450 and 70500 before breaking ATH.
Base-case:
There will be a deeper pull-back to 64500, as a consolidation before ATH break. Overall the decline will be temporary and not too deep to break the medium-term trend which started on the 11th of Sep 2023 (long violet dotted line).
Worst-case:
Deeper pull-back to the current key supoprt zone (green rectangle) which will confirm that short-term and medium-term trends are over and the longer consolidation will be needed to break ATH (similiar to summer 2023).
Trading strategy:
Stop-limit at 69650 for the best-case scenario.
however entering the market with 1/3 of max risk per trade
limiting exposure to the worst-case of price locking in medium-term range (56500-72500)
preserving flexibility to make another entry for base-case in case of a deeper pull-back to 64800, or after ATH break-out at a higher price.
in case of the worst-case confirmed, reconsider whether it's still reasonable to hold the trade
stop-loss below 50000 for a black-swan event to protect deposit from margin call. It is highly unlikely that this stop-loss will be trigerred accidently for the coming two weeks.
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.
BTC is under pressure and falling
Today, the daily level of the big cycle closed with a small positive line yesterday. The K-line pattern is continuous yin and yang. The price is below the moving average. The indicator in the attached picture is running downward. There is still a need for a retracement of the current price. The low point is in the 64400 area. , the high point moving average resistance position is near the 70,000 area, which is the price range point of today's focus; the short-period hourly chart yesterday's European trading time prices slowly rose and rebounded, the US trading continued without breaking high, the price retreated under pressure in the early morning, and opened today The support has rebounded, and it is currently testing the high resistance position, so don’t worry today. It is better to wait for the rebound to come under pressure before entering the market. Therefore, today’s BTC trading strategy: counter-draw short in the 70000 area, stop loss 70700, and target 68000-65000.
#BTC/USDT lONG
#BTC
took a breather last night, but don't sweat it! This pullback is just a bump in the road, and the trend is still pointing upwards.
The price is chilling below $43,700 for now,
but I'm expecting a rocket launch soon. Buckle up,
next stop $45,300, and if that goes smoothly,
$47,500 is calling our name!