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Btcusdanalysis

#Bitcoin Urgent Update!#Bitcoin just hit the yellow box, validating this chart with 100% accuracy. Lesson: Charts don't lie! $60k is a crucial support level, but there's significant liquidity around the $57k mark. I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle. The market often reverses right after you give up on your altcoin bags and close leverage positions at a loss. It's a recurring pattern. So, I've been advising to stay away from leverage. Even my altcoin holdings are down, and I'm not buying yet. When I do, you'll be the first to know. Follow for more updates and don't forget to hit the like button if you find my insights valuable. Thank you. Stay strong. WAGMI #Crypto
by Cryptorphic
4
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.
INDEX:BTCUSDLong
by Cassandra299
2
PA Still following the 2013 Fratel - a possible -34% Dip I have been posting this idea for a while now and PA is still on track witht he post 2013 ATH PA pattern. This is marked on the main image on the left The closer picture is below [/We are currently in the area that the large White arrow is pointing towards, The Rise to a Peak and then the -34% Dip. From this point,. Note ow PA Rose to the Next ATH Below is Current PA with this Fractel over laid See how PA Has followed ? It is Not exact but, gor me, certainly close enough to point towards an incoming Dip of around -34% maybe. That would take us to around 47K usdt and I think a Drop like that would certainly unsettle many. Will it happen ? Who knows but it maybe an idea to be ready for anything right now, But over all, Remain BULLISH
CRYPTO:BTCUSD
by Orriginal
BTCUSDT - Probable Inverse Head & Shoulders with BUILD UP?!Hey guys! Market's been really challenging lately, specially for those into Futures Trading that's why I'm going to repeat again. I strongly recommend you SPOT trade instead. So, as for BTC goes, the liquidity absorption is real and to either side! Where to buy? 1) One would be the rising green zone I've marked but this would mean a drop to about 56k or 52k which is pretty heavy. Still is my favorite scenario. 2) I suspect BTC is creating a pattern right now, just right after the uptrend which could be an inverse head & shoulders one. This pattern forming after an uptrend is pretty strong and bullish. However, we still need to see a proper breakout of the neckline otherwise this idea gets destroyed. So I'd buy the re-test of the breakout if it ever happens. TARGETS 1) Let it run and there are several ways to take profits partially but I'd suggest as long as the uptrend doesn't break, just hold it and take partial profits at massive supply zones. Otherwise, don't touch it. This idea is to spot for the long term. This asset is still in balanced mode, there hasn't been a breakout of the range yet. However, it's worth to note it's still a good moment to analyze what could happen to be prepared and take action accordingly. Hope you find it useful! Kina Tip of the Day: Remember BTC is the father of Crypto, the rest are just babies that follow big daddy so, don't marry any coin at all except for BTC. That's it. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
4
Bitcoin's Momentum Is Slowing Down (BLX Chart)As I'm sure you've noticed, my posts have really slowed down. I'm just focusing on other things in my life, and it's mostly been good. Some hard times very recently, but that's how it goes. I hope you are all alright and trading safely :) Now...to Bitcoin. Volume is declining overall as less actual Bitcoin is traded. Hardly any coins have been sent to exchanges, when compared with the past. Bulls say this is a good thing, due to less supply being available, which in theory pushes up price. However, if demand is lacking overall, there is not much that can be done. Bulls therefore hope that the new ETF's provide enough demand to keep the all time highs coming. Momentum is also slowing down, hence the longer term monthly bearish divergences in the Ultimate Oscillator. It's interesting to note that the total crypto market cap (TOTAL) has not made a new all time high. Unless Bitcoin can get above its curved channel, growth will continue to slow down. For bulls, the hope is that Bitcoin continues to outperform traditional markets. We'll see what happens! Above, I've provided both long term bullish and long term bearish scenarios. As for what could send Bitcoin back to $3k or lower? It would probably involve forced selling, particularly by someone like Michael Saylor. On the weekly chart, it's possible Bitcoin is simply consolidating before the next leg up. Seller volume is declining. Unless we see a huge push down before this coming Sunday, it's very possible the recent lows are set and price will make a new all time high. There is also room to test some lower levels based on these trendlines: $53k and FWB:42K are major levels buyers would be defending if price drops lower. For now, $60k is being defended. Need a more convincing bounce though, to prove the selling is over. There are more options than that, but this is currently the way I'm looking at it. Doesn't mean I'll be right or wrong, but that's how it is! I'm trying to provide both bullish and bearish options so that my bias doesn't take over. I'm still positioning myself short. My opinion is that Bitcoin has a critical mass, or maximum price, and that there are some signs pointing to Bitcoin's over-saturation. This includes the lack of new addresses, decrease in volume, and lack of overall interest from the everyday person. The irony is that if all of a sudden everyone started talking about Bitcoin, we'd probably be near a top. So, you may take this as a bullish argument. Anyway, thank you for reading and for your support. This is not meant as financial advice. This is purely speculative!
BNC:BLXShort
by VictorCobra
1
Phemex Analysis: BTC Testing the $61,500 Support ZonePHEMEX:BTCUSDT.P At the time of writing, BTC continues to drop, now testing the critical $61,500 support zone. A retrospective look at the BTC daily chart reveals several Lower Highs on April 8th, May 21st, and most recently on June 7th. As market enthusiasts are aware, a pattern of lower highs and lower lows indicates bearish momentum. Fortunately, we have yet to observe a definitive lower low. However, if the price falls below the $61,500 support zone and descends past the previous low of $56,410, we should brace for a potential drop to the $51,000 support zone. Conversely, if the price holds at $61,500 and rebounds with significant volume, we may anticipate a period of consolidation or accumulation. This could provide BTC with the necessary momentum to challenge the $68,400 resistance zone. Despite the current retrace, the market retains its bullish posture, and this pullback could be seen as a healthy correction, setting the stage for the next surge to a new all-time high. The critical question remains: How low might BTC go? It's crucial to remember that as traders, our role is not to predict the market but to observe objectively and respond accordingly. Note: Phemex is excited to introduce a highly anticipated feature: Multiple Watchlists. Launching this Thursday, June 27th, it represents the first advanced, fully customizable multiple watchlists feature among all crypto exchanges. Be sure to explore this new tool on our website on June 27th. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Long Term Bitcoin Weekly UPDATE - Looking to August September#Bitcoin Weekly - long Term Chart Over all, PA is still in a Pattern and that pattern is different depending on what type of chart you are looking at. But they are nearly all Bullish. But, for the moment, it seems we drop a little further. And on this chart, we can see that the 59K USDT line on Long Term Support maybe the bottom of this. That would retest support on a line that has existed since Sep 2017 - IT is Strong I will also draw your attention to the 2 Fib Circles in the area we have recently passed through, the RED 7.236 Stopped the Rise of PA in its tracks in March this year and the 7,618 has just done the same. The next one is at the end of September and is the 8.236. That also is the Apex of the pennant being created on this chart. The other Image here is the MACD and RSI and the projected continued drop of the MACD reaches Neutral in Mid September. RSI is already approaching Neutral. SO, For me, on a longer term View, we are going to see PA with a Lot of strength around Mid August / Sep and this is possibly what the Bulls are waiting for. With RSI and MACD down low, PA will have more ability to punch through that 8,236 Circle and also get through the descending trend line. For now, Caution remains the name of the game, even more so as we see the Mayer Multiple drop below its MA. I remain Bullish but if we loose 59K, that could be awkward. PA will likley rise off support and probably get rejected again...So many charts point towards August / September being when we move and it is important that we understand, this can happen earlier but if it does, PA will be weaker. We Wait till August before I start getting excited, which is great, thats after my holiday ;- )
by Orriginal
BITCOINCurrent Price Action: The current price of BTC is around $62,533.06, indicating a recent drop of about 1.07%. The chart shows a clear falling trend (highlighted in red) from March to June. Key Levels and Zones: - Demand Zone: This zone is highlighted in blue around the current price level, indicating a strong buying interest area where the price is likely to find support. - Fair Value Gap (FVG): This zone within the demand zone represents a price range where there was an imbalance in buying and selling pressure. It often acts as a strong support or resistance area. Price Predictions and Entry Point: The chart suggests an entry point at around $64,485.85. There is a potential further drop to the $62,140.00 level, marked in yellow as a support level. Projected Upward Movement: Once the price stabilizes within the demand zone, a significant upward movement is projected, potentially breaking the falling trend. The green arrow indicates a potential price target of around $88,000 to $112,000 in the coming months. Technical Patterns: The chart indicates a potential trend reversal after touching the demand zone and fair value gap. The projected price movement shows a retest of the falling trendline before breaking upwards. Summary: The chart analysis suggests that Bitcoin is currently in a falling trend, finding support in the demand zone around $62,533.06. A potential entry point is around $64,485.85, with the possibility of further drops to $62,140.00. However, a significant upward trend is projected, potentially pushing the price towards $88,000 to $112,000 by August. This analysis assumes that the price will stabilize and reverse from the demand zone.
Long
by Tdawly_Official
Bitcoin Under Pressure: Analysis and Investment GuidelinesBitcoin price (BTC) faced difficulty rising above the $65,000 level, leading to its decline below the support level at $63,500. There was a continuous decline until the price reached a bottom at $62,700. This decline can be attributed to several factors, including profit-taking by investors and some negative news in the market. Technical indicators point to a clear downward trend as Bitcoin is currently trading below the $63,500 level and the 100-hour simple moving average. The bearish trend line connected with resistance at $63,600 indicates that recovery may be limited in the near term. If the price attempts to recover, it may face strong resistance at the levels of $63,550, $64,000, and $64,500. Surpassing these levels may pave the way for a stable increase that could reach $65,500 and even $66,200. On the downside, immediate support is near the $62,700 level, followed by $62,200, and then $62,000. Any break below these levels could lead to a further decline to $61,200. Investment Recommendation In the short term, Bitcoin is facing strong downward pressure. Investors should closely monitor support levels. If the support level at $62,700 is broken, there may be further decline, providing a buying opportunity at lower levels. Despite the current decline, Bitcoin still holds strong potential in the medium and long term. Current price levels may be a good entry point for investors looking for long-term investment, especially if they are willing to endure some market volatility. Investment Strategy 1. Short-term investors: They can wait for the break of key support levels like $62,700 and $62,000 to enter buy positions at lower levels, or wait for the break of resistance levels at $64,500 to confirm the upward trend before buying. 2. Long-term investors: They may consider the current declines as a good opportunity to buy gradually over different time periods (dollar-cost averaging) to take advantage of lower prices. I repeat an important point from a previous article: I expect Bitcoin's price to rise by 30% in July, surpassing $85,000, despite the current technical indicators leaning towards a downward trend. Therefore, if you are considering investing in Bitcoin, now may be a good time to consider buying, especially if you can withstand the volatility and have a long-term outlook. It is advisable to regularly reassess positions and take advantage of any significant price movements to take profits or adjust strategies.
COINBASE:BTCUSD
by bbitar