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Btcusdanalysis

BTC Bitcoin Technical Analysis and Trade Idea👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true reversal. The video covers an in-depth analysis of the trend, market structure, and price action. Please remember, this content is intended for educational purposes and trading involves substantial risk. Always prioritize robust risk management strategies in your trading decisions.
by tradingwithanthony
Elliott Wave Analysis on Bitcoin (BTCUSD)Elliott Wave Analysis on Bitcoin (BTCUSD) Wave (I) and Wave (II) on Weekly Time Frame Starting from the beginning of the Bitcoin chart, the first significant move up in price has been labeled as Supercycle wave (I). This wave represented the initial major bull run in Bitcoin's history, culminating in a peak, followed by a corrective phase, labeled as Supercycle wave (II). This corrective wave ended at the low observed in November 2022. - Supercycle Wave (I): This wave exhibited impulsive characteristics with five clear subdivisions (waves 1, 2, 3, 4, and 5). - Supercycle Wave (II): This was a corrective wave, taking the form of an ABC correction, and concluded in November 2022. Wave (III) on Weekly Time Frame Since the low of November 2022, Bitcoin has been unfolding Supercycle wave (III). This wave is expected to be a major bullish phase, often characterized by strong upward momentum and significant price increases. Wave (III) typically shows the following characteristics: - Strength and Momentum: Wave (III) is usually the longest and most powerful wave in a five-wave cycle. - High Volume: Accompanied by increased trading volume, indicating strong market interest. - Impulsive Nature: This wave should subdivide into five smaller waves on a lower time frame, confirming its impulsive nature. Subdivisions of Wave (III) on Daily Time Frame Within the context of Wave (III) on the weekly time frame, we are currently analyzing the subdivisions on the daily time frame. The current structure suggests the following: - Wave ((1)) of Wave (III): This wave is unfolding and subdividing into five smaller waves. - Wave (1), (2), and (3) of ((1)): These waves have been completed. - Wave (4) of ((1)): Recently completed around April 2024. - Wave (5) of ((1)): Expected to breach the all-time high to confirm the start. Current Status and Invalidation - Current Status: Bitcoin is potentially in Wave (5) of ((1)) of Wave (III), which needs to breach the all-time high for confirmation. - Invalidation Point: If the low of April 2024 (where Wave (4) finished) is breached, this would invalidate the current count. It would suggest that Wave (4) is still unfolding, possibly as a double correction. Characteristics and Structure of Wave (III) 1. Wave ((1)): Typically the smallest wave but should be identifiable as a five-wave move. 2. Wave ((2)): A corrective wave, usually retracing between 50% to 61.8% of Wave ((1)). 3. Wave ((3)): Often the largest and most powerful wave, usually extends to 161.8% of Wave ((1)). 4. Wave ((4)): Another corrective wave, typically shallow, often retracing 23.6% to 38.2% of Wave ((3)). 5. Wave ((5)): Completes the impulse sequence, may extend or truncate but should be a five-wave move. Conclusion The Elliott Wave analysis on Bitcoin (BTCUSD) indicates a bullish market ahead, driven by the development of Supercycle wave (III). This analysis is based on the assumption that the low of April 2024 will hold, confirming the end of Wave (4) of ((1)) and the start of Wave (5) of ((1)). If this low is breached, the market might still be in Wave (4), unfolding as a double correction. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
Crucial Week for BTC: Economic Data and Rate ImpactsAs Bitcoin enters a crucial week, macroeconomic events and Federal Reserve interest rate decisions play a significant role in determining Bitcoin's price trajectory. With a strong support level maintained at $66,000, there is an opportunity to buy if prices continue above this level. The Federal Reserve's conservative forecasts reduce the likelihood of a rapid interest rate cut, necessitating caution but providing a buying opportunity at strong support. Bitcoin's behavior in the near term is likely to be influenced by its ability to maintain the $66,000 level. A continuous break below this level could lead to further sell-offs, while maintaining it could attract buying interest, especially if macroeconomic factors remain favorable. Given the current levels and potential volatility, it is best to closely monitor price movements, especially how they behave around the $66,000 support and the $72,548 resistance. If you are looking for entry points, consider buying near the $66,000 support level if other signals align (such as a bullish RSI divergence or increased buying volume). The RSI is around 42, which is below the neutral 50 but above the oversold threshold of 30. This indicates that the market is not in a significantly oversold state, and there is potential for an upward move if investor sentiment improves. Setting a stop loss slightly below $66,000 could help minimize risks in case of a breakdown. Profit-taking near the resistance levels ($69,446 and $72,548) can be considered, or holding part of the position if the price breaks above these levels with strong trading volume. Recent Consumer Price Index (CPI) and Producer Price Index (PPI) data support high-risk assets like Bitcoin, showing a continued inflationary trend which may delay the Federal Reserve from making drastic interest rate decisions. Given the volatility of digital currencies, make sure to hedge your portfolio and diversify your investments to reduce risks. This week could be crucial for the future of Bitcoin's price and the digital markets in general.
COINBASE:BTCUSD
by bbitar
A thorough daily analysis as you see in the daily show BINANCE:BTCUSDT chart we've been in a time consuming correction pattern from the top of 73k to the low of 57k and this really reminds me of another time that bitcoin did such a thing that was between 25 and 31 which took around 180 days to breakout of the pattern . most of the charts are actually repeating the previous patterns and we are now in an accumulation phase which puts a 180 day time correction to end around September which is coincidentally the earliest prediction of fed rate cut so we might be in a longer time frame correction for a while until something changes in the macroeconomic landscape. im not saying that this will be the exact thing that will happen but it's very similar to what happened that time . The bear case is active if the price manages to break the 60k support zone which we then can expect a correction to around 54 to 50k range and the bull case resumes if we manage to hold the 64 to 60k support zone and subsequently clear the 72k resistance zone and consolidate above it . always remember that in trading the important thing to do is to devise scenarios and act accordingly to the clues that the market is giving the goal is to be profitable in the long term not make the most profits .
by Atlas_Tradingclub
Will the price of Bitcoin continue to fall?We can see bullish accumulations after uptrend in the 60-72 range While the price is held at the MA50 level of the daily timeframe For now I am inclined to think that the downward movement will continue and the first level is not very strong support at 64.000 There is a high probability that we will not stop at 64k and will go to test a stronger support level at 62k If we still manage to return above 67,000, then there is a great chance to update the historical maximum. And this will be the entry point into Long if the price reverses The near future closing of the week will show us future events
Short
by Juliia
BTC Price Action- Quick update and not a price prediction, just to give a general idea. - Timeframe is only H4 ( and i don't like too much small TF, lot of noise there) - Just to monitor the PA between 72k$ ish and 60k$ ish. - this PA could form a ranging consolidation to the next leg. - if BTC dip again, the next support is around 50k$ ish. - Keep things simples. - I don't scalp, nor leverage, but if u want to gamble. - First you need to know " Where to Gamble ". - Don't forget Halving is very close. - BTC Volatility will grow faster. - BTC.D not yet maxed imo. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
#BTC sitting on a thread! This is what you need to know!#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand. We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation. If BTC holds above the 50-day MA, a push towards $71,000 is on the cards. Eyes on the breakout or breakdown. Enjoy your weekend. I'll be here if anything important comes up. Have a great time! Do hit the like button if you like my updates and share your views in the comment section. #PEACE
by Cryptorphic
4
Old chart revisited and shows some surprises On first glance, the Run from 2017 to the 2021 ATH and the current path from 2021 to the Next ATH, could be seen to be very different in so many ways. And They are, I pointed out the First and most prominent difference recently when I showed how PA was level with previous ATH level at the Time of Halving for the First time Ever. However, as this old chart shows, now that we have a few more Months of data on it, there are still some Very strong Similarities...and this is a Very BULLISH thing Lets have a look ( please note, this is a weekly chart-days count is subject to 7 day variation) 2017 ATH to Next Low ( A) 217 days 2021 Nov ATH to next Low ( C) 217 days Dec 2018 Low point A to Halving 518 days Nov 2022 Low point C to Halving 518 days Given the similarities above, is it safe to assume this continuity may continue ? The Simple answer is NO but let us have a look at some projections using this data because, it Does have confluence with many other charts May 2020 Halving to Next ATH - 336 days April 2024 Halving. If we use the 336 days then we end up with a projected next ATH in March 2025. This is a widely used expected date date May 2020 Halving date to continued push up to New ATH ( green box on left ) = 119 days April 2024 Halving. If we use the same day count, we come to August as the time when we should see a continued push higher. I do have other charts that point more towards July but August could be considered to be within a range of Tolerance... Other things to note here are - 1) PS this time is Much more "controlled". e are rising slowly and carefully. The 2017 to 2021 was a Volatile and Choppy rise as can be seen by the Massive Ups and downs of PA. We are being a Lot more controlled, to try and avoid these sudden and painful Dips; 2) The RSI ( Top indicator below the Volume bars ) is currently a lot higher than on previous Halvings. ( orange vertical lines ) This is due to the continued and steady Rise of PA over the last 19 months - Previously, RSI rose post Halving, We are currently Dropping.. Fast...and I expect we will be where we need to be by the July / August date mentioned above. 3) The ATR ( bottom indicator that measure Market Volatility ) is way up high now where as, on the 202 Halving, ATR was Down low. However, as we saw in the 2021 year, ATR can range high for extended Periods of Time. All in all, for me, some interesting similarities and possibilities here. Even though efforts are being made to control the market and rise smoothly, we are still working with in the same time periods as previous Runs... These are all Just IDEAS...untill it happens, nothing os certain..But it can lead to other ideas and options.
COINBASE:BTCUSD
by Orriginal
3
💎ETHUSD: FULL Multitimeframe analysis💎A lot of bullish confluence at the moment for ETH ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
BITSTAMP:ETHUSDLong
by Yelli_trades
20