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Btcusdanalysis

Is the Bitcoin Bull Run on Fumes? Bullish Wedge?Bitcoin (BTC), the enigmatic pioneer of cryptocurrencies, has captivated investors with its volatile price swings and potential for massive returns. After a strong incline in recent months, questions are swirling about the sustainability of this bullish trend. One technical analysis pattern catching attention is the bullish wedge, and its potential to signal a reversal. The Bullish Wedge: A Double-Edged Sword The bullish wedge is a chart pattern formed by two converging trendlines, one acting as resistance and the other as support. While it initially suggests a continuation of the uptrend, a breakout from the lower trendline can indicate a potential price decline. Here's why the bullish wedge is a double-edged sword for BTC investors: • Continuation Pattern: If the price breaks above the resistance line with increasing trading volume, it can be interpreted as a confirmation of the bullish trend. This would suggest that buyers are accumulating BTC at higher prices, potentially pushing the price further upwards. • Reversal Pattern: A breakdown below the support line, particularly with significant selling volume, could signal a trend reversal. This would indicate that sellers are overpowering buyers, potentially leading to a price decline. Is This the End of the Bull Run? Whether we're witnessing the tail end of the BTC incline depends on several factors: • Price Action at the Wedge: Closely monitoring the price action at the wedge's apex (the point where the trendlines converge) is crucial. A clean breakout above resistance with strong volume suggests a continuation of the uptrend. Conversely, a forceful breakdown below support with high selling pressure indicates a potential reversal. • Technical Indicators: While the bullish wedge is a valuable tool, it shouldn't be used in isolation. Combining it with other technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) can provide a more comprehensive picture. Overbought readings on the RSI or bearish divergences on the MACD could signal a potential reversal despite the wedge pattern. • Fundamental Factors: External factors like regulatory changes, institutional adoption, and broader economic conditions heavily influence the cryptocurrency market. Positive news on these fronts can bolster the bullish momentum, while negative developments can trigger a sell-off. Beyond the Bullish Wedge: Other Considerations Predicting the future of Bitcoin is notoriously difficult. Here are some additional factors to consider: • Market Sentiment: Bullish sentiment can fuel upward price movements, while bearish sentiment can lead to a decline. Gauging investor sentiment through social media analysis or news outlets can provide valuable insights. • On-chain Analysis: Analyzing on-chain data, such as active addresses or exchange inflows/outflows, can reveal investor behavior and potential buying or selling pressure. Navigating the Uncertainty: What Investors Can Do While the bullish wedge presents a potential turning point, it's not a guaranteed indicator. Here's what investors can do: • Employ Risk Management: Always implement stop-loss orders to mitigate potential losses if the price falls below a certain level. • Diversify Your Portfolio: Don't put all your eggs in one basket. Diversify your crypto holdings and consider other asset classes to manage overall portfolio risk. • Stay Informed: Keep yourself updated on the latest developments in the cryptocurrency space, including technical analysis, market sentiment, and regulatory changes. Conclusion The bullish wedge presents an intriguing scenario for Bitcoin's price trajectory. While it raises the possibility of a trend reversal, a confirmation requires a breakdown below support with significant selling pressure. By combining technical analysis with other factors like market sentiment and fundamental analysis, investors can make informed decisions. Remember, the cryptocurrency market remains highly volatile, and a healthy dose of caution is always advisable.
BITSTAMP:BTCUSD
by bryandowningqln
$BTC is heading to a major bearish retest?I sense #btc #bitcoin price may have a fake out, take liquidities around 72 - 77K and a declination around 75K scenario will lead #btcusd to its last leg of major correction. I called the major correction in mid march at 73K and gave 1st wave target 57K and now if this scenario does not invalidated, the last wave must end around 44 - 48K. If #btcusdt breaks out 80K permanently with weekly closings, this bearish retest will be invalidated. Not financial advice.
by naphyse
BITCOIN more gain According to the chart, And Considering that there has been significant volume in the price over the past few days, And important resistance levels have been broken on the daily timeframe, We can expect further upward movement towards higher prices. 🚀 On the other hand, We might also witness the formation of a new parallel channel and consider a ranging market too 📚💡 📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
Long
by MadWhale
8
ETF total destruction scenario. Nuclear for $BTC and cryptoAre ETF investors ready for crypto? The recent pullback has seen BlackRock and Fidelity purchasing a lot of CRYPTOCAP:BTC even though they don't really need it. Most of their ETF investors are currently losing money, and the stock market is parabolic. I think we don’t realize how dire the situation is. What we are seeing is the bulls trying to prevent an ETF run from crypto to the stock market! Billions are being spent to avoid a 50% pullback, which would be necessary for CRYPTOCAP:BTC to consolidate. Can ETF investors stomach a -50% drop in their investment while the SPX500 is parabolic? Now, imagine what would happen if CRYPTOCAP:BTC dumped -50% and ETF holders capitulated and sold everything in panic. That would nuke the CRYPTOCAP:BTC ETF, destroy the ETH ETF, and cancel the CRYPTOCAP:SOL ETF. Essentially, the banking industry would conclude that crypto is too volatile to be offered to their customers as ETFs. I think the bulls are aware of the danger and are doing all they can to prevent this from happening. The consequences for crypto would be unimaginable! It would be the biggest dump of CRYPTOCAP:BTC in history and could drive prices to unbelievable lows. So, pray that this correction doesn't go too low—at least not to the point where investors capitulate and abandon crypto to rotate their money into the more secure, mature, and currently more profitable stock market.
INDEX:BTCUSD
by CryptoNikkoid
3
$BTC is about to do a 12% to 27% correction (high probability)Check the chart. We are still in this descending wedge channel, and to go higher, we need to break through the top resistance. We may succeed and reach 100k, and the bull run could finish next week. Or we may continue to consolidate. This idea focuses on the second possibility. - Moon boys are all chanting 81k, 100k again. That is a sign that the market is ripe to wreck them. - Whales have accumulated a lot of CRYPTOCAP:BTC at the bottom and all the way up from the last correction. They will take profit at some point now that many buyers have stepped in, ready to be wrecked. - The market sentiment is at 75, which is euphoria. A perfect time to wreck the herd. About the chart: - The MACD is overheated on 4h and 1D timeframes. A reset lower is unavoidable. - The RSI is overheated too after this huge pump from 55k to 70k. The similar conjunction of both MACD and RSI being extremely overbought has resulted in corrections in the past. The question is not if there will be a correction but when. Ideally, it should happen when we get rejected by the top resistance at the last cycle ATH or a little higher. There are a lot of shorts to be liquidated at this level, so it might push CRYPTOCAP:BTC higher technically. The correction can be moderate. In that case, it will be a return to the middle of the channel where there is a support line. That would be the green scenario with a -12% correction. The worst scenario would be to bounce on the middle of the channel by the support and be rejected a second time at the resistance, forming a double top. This would result in a harsher correction to the bottom of the wedge with a 27% drop. Remember that all of this is scripted. Whales have enough CRYPTOCAP:BTC and enough liquidity to manipulate the value of CRYPTOCAP:BTC as they wish, especially the big exchanges. So the German selling or Mt. Gox stories are just distractions; the exchanges are doing what they want to make money. The fact that no one would sell their CRYPTOCAP:BTC at this stage of the market is irrelevant. They will sell to get your money because you will sell in panic. Then they will buy again lower and push the price up like they did before. That is how they are making billions. DYOR always.
by CryptoNikkoid
1
BTC: Gearing up to hit the All-Time High#Bitcoin has formed an inverse head and shoulders pattern. The breakout is on the upside, and the price is currently testing the trendline. If BTC manages to stay above the $66.5k support level, we are likely to see a rally attempting to break the all-time high level at $63.7k. Trading Strategy: Entry: $66.3k to CMP. SL: $65.4k. Leverage: 5x to 10x. Targets: $69.6k, $71.4k, $72.5k, $73.7k. Not financial advice. Trade safely. Regards, Team Dexter. #BTC
Long
by Dexter_The_Trader
Major BTC Bulltrap? Another leg downwards! BTCUSD Index Analysis OF Very Probable reversal and new downtrend continuation Reasoning goes by the points I've made below DOUBLE-TOP that happened at May 20th and June 24th AT 71940 BITSTAMP:BTCUSD Further major and strong Order Block (4H OB) at 67700-68400 BITSTAMP:BTCUSD level This recent move, that has been happening since July 19th, has sweeped old Liqudity area that previously formed mid-trend and formed DOUBLE TOP that happened at June 14th & 17th Additionally, June 20th Liqudity Run, that formed a Lower Timeframe Breaker Block, which was recently used as support for last liqudity area, just got swept (at the time of writing 20:52 utc +3). All of above coinsides with 0.236 Fibonaci retracement of last major downtrend that started at June 24th and ended on July 5th. Exuberant market sentiment about recent market uptrend and additionally too many optimistic mainstream media news regarding $BTCUSD. For last few confirmation would like to see 66300 Level - Break and Close of LTF Breaker block area 62400 Level - Another imporant level, if we break and close below, then it will only confirm all of the above. 53500 Level - future level that I watch, when we get closer to it I will do another analysis.
INDEX:BTCUSDShort
by WhaleHunter_KJ
1
Bears need to explain that bull flag As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision). Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :) Indecision kills! What to do when you don't know what to do 1- Control Your emotions ;) 2- Nothing goes straight up (don't panic) 3- Why are you making this trade? Have a reason for every trade (buy- sell) 4- Focus on bigger patterns. one day, it will make sense to you My rational choice is: intermediate ---- > diamond bottom reversal pattern (Target = $ 73.5k) primary ---> bull flag pattern (Target = $ 86k) strong support = $ 58400
BITSTAMP:BTCUSDLong
by BTC-XLM
10
#BTC/USDT Road to $150k!#BTC : Block out the noise. We're far from finished! Each dip presents a new opportunity. You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it. Bitcoin Monthly Analysis Update Chart Overview: - Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance. - Historical Patterns: - 2016-2018: 60 bars (420 days), - 2020-2021: 34 bars (238 days), - Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k. Key Levels: - Support: - $51,682. - $43,285. (High Liquidity Untested Territory) - Resistance: - $66,993.6 - $73,000 Future Projections: - High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy. - Bullish Scenario: Breaking current resistance targets $115,000 - $150,000. - Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts. Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility. Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements. DYOR, NFA 🚀 #Crypto What do you think?
OANDA:BTCUSDLong
by Cryptorphic
2
All eyes on 69000!Once again, all attention is directed towards one area: 69k, the ATH from the last cycle. It's the zone with the trendline, order block, and Fib attention area. If this zone becomes support, there's only one way - up. During this consolidation in the range, liquidity has been taken only from below the consolidation. Next, the liquidity from the upper side, 73-80k, will be targeted. Altcoin season? Very close. However, there's a chance some may make another low in this consolidation, and with liquidity taken from there, a larger climb might begin. The market sentiment has quickly shifted from bearish to bullish with just a small pump. It might be wise to place buy orders a bit lower as a precaution. Overall? I'm very bullish. Institutions, Pension Funds, Investment Funds, the world's most powerful countries (not Germany :))), ETFs (Bitcoin and Ethereum, and maybe soon Solana), Donald Trump (almost a certainty as the future US president): BUY BITCOIN/crypto and promote it. Super cycle is coming! 🌟
Long
by TraderX10101
BTC/USDT Outlook ICT ConceptsBTC/USDT Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In our previous analysis, we anticipated a break in the market structure (MSS). Following this break, we saw a retracement higher 📍 Current Market Overview: At the moment, the price is situated near the previous highs. We can foresee the price potentially expanding further downwards to target the Sell Side Liquidity (SSL) and the Previous Month Low (PML). Additionally, a tap into the Fair Value Gap (FVG) is also within the realm of possibility before a move higher. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH: Previous Month High, indicating recent market highs. • PML: Previous Month Low, serving as recent support. • EQH: Equal Highs, indicating levels of resistance and potential liquidity. • BSL: Buy-side Liquidity, areas where buy orders are placed. • SSL: Sell-side Liquidity, areas where sell orders are placed. • FVG: Fair Value Gap, highlighting areas of imbalance. • IFVG: Inversion Fair Value Gap, indicating a zone of prior imbalance. 📊 Key Considerations • Current Price Position: The price is currently trading around 66,497.29, after running above the Equal Highs (EQH) and tapping into the FVG. • Daily FVG Reaction: The Fair Value Gap is expected to act as a significant support zone if the price reaches it. • SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab. • IFVG Reaction: The Inversion Fair Value Gap has already been tapped, indicating previous imbalance resolution. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Expansion Lower: The price may expand lower to take out the Sell-side Liquidity (SSL). • FVG Tap: A potential tap into the Fair Value Gap (FVG) could provide support. • Retracement Higher: After sweeping the SSL and reacting at the FVG, we can expect the price to go higher. 📉 Bearish Scenario A bearish scenario should be considered if the following conditions are met: • Minor Buy-side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first. • Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary Bullish Expectation: The expectation is for the price to potentially retrace lower to take out the SSL, tap into the FVG, and then go higher. Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
2
BTC: The struggle is real.#BTC is unable to break above the FWB:65K resistance. Yesterday, we saw BTC reaching as high as $66k, but eventually, the daily close happened below $65k. As I mentioned earlier, if BTC fails to break and close above the FWB:65K resistance, we are likely to see a rejection soon. On the other hand, a successful break and close will once again test the $70k resistance trendline. Be cautious and trade safely. Not financial advice. Regards, Team Dexter. #Crypto
Short
by Dexter_The_Trader
2
Trading Signal For BTCUSDT Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin Traders can open their Sell Trades NOW ⬇️ Sell now or Sell on 65045.0 ⭕️SL @ 65530.0 🔵TP1 @ 63060.0 🔵TP2 @ 61475.0 🔵TP3 @ 59990.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
10
BTC/USD high timeframeHello, Based on my trading style, I have two scenarios for trading BTC/USD (Bitcoin to USD). the price is currently in a critical zone around $64,000, and for both selling and buying, I require more confirmation. It's important to exercise caution and wait for additional confirmation before entering any trades. This confirmation can come in the form of specific price patterns, candlestick formations, or indicators aligning with your trading strategy. Remember to closely monitor the price action, consider other technical indicators, and stay updated with any relevant news or events that could impact the price of BTC/USD. Please note that trading carries risks, and it's important to conduct thorough research, implement effective risk management strategies, and make informed decisions based on your own trading plan, risk tolerance, and financial situation. If you have any further questions or need clarification, feel free to ask.
BINANCE:BTCUSD
by somayehbasiri
3