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Short-term Bitcoin Analysis - Don't looking for long-term!!!Hello friends, I always provide short-term analysis in my trades and the analyses I conduct because market conditions are variable and can change rapidly. The longer the analysis timeframe, the fewer factors and conditions it incorporates for potential changes. So Don't looking for long-term analysis! Let's start with the Bitcoin analysis: After hitting a new high, the price experienced a drop, but we cannot call this drop the end of the bull run or a trend reversal. We are simply observing the formation of a base. This base could potentially rally on the weekly timeframe, or maybe not. As long as Bitcoin remains above the 58,200 to 59,100 level (the green zone from which the price bounced back), it can continue its upward movement. However, if this support zone is broken, the price could drop to a lower green level. If you are a holder, you might consider lightening your portfolio if there is a sustained break below the support zone. Keep your trading simple.
Long
by Thisis_crypto
$BTC symmetrical tringle bullish pattern?CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient. The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the chart. However, the signs of a reversal are present, assuming that the selling pressure will stop. The CMF is at the bottom, showing fear, and since it cannot go lower, it should recover. The RSI on the daily is close to the bottom, indicating a soon reversal to the upside. In case of continued selling pressure, an invalidation of the chart would bring the support to the EMA 200 at 58k. Let's hope that does not happen.
Long
by CryptoNikkoid
3
BTC Bitcoin Technical Analysis and Trade Idea🔍 In this BTC Bitcoin analysis, we explore the higher time frame charts which currently indicate a bearish trend for Bitcoin. However, the price action on a 15m timeframe suggests a possible short term reversal. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
by fxtraderanthony
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward. I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels. Here’s a brief overview of what we cover: 📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points. 📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation. 📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels. Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions.
Short
by fxtraderanthony
7
BTC (DO OR DIE SUPPORT)BTC / USDT After many liquidation cascades in last few days BTC has reached one of most important support in this boring range (109 days !) The level between 66k-64k is considered to be the mid line support of the big channel 1- If it hold above …A new bullish wave will form and may be even a new ATH 2- If it failed to hold … the price will drop to test the bottom of the channel again In times like this i call this support is the do or die support What do u think about BTC next ? Share with us in comments below ⬇️
by Babenski
6
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 fxtraderanthony
BTC/USD Secondary trend cycles and halvings.The graph shows the main trend of bitcoin. Logarithmic chart. Timeframe 1 month. The main liquidity zone. The graph is linear (without “market noise”, i.e., without squeezes of minima and maxima for hamsters). The channel and all values are set according to it. Everything is extremely accurate (potentially accurate). All the same parameters, but candlestick chart. Pay attention to the timing of the halving and the evolution of the cycle . There are super resets before halvings, which are completely invisible on a large timeframe on a line chart after a short time. Pay attention to 17( 518 ) + 18( 547 ) and the treasured 1400. I am sure that in 1 year everyone will be very interested in the cryptocurrency and bitcoin market, in 2-3 years ( 123 ) up to 6 0% of market participants will no longer be interested (they will have completely different problems). In 6 years there will be no more than 6 0%. Secondary trend decline in the super cycle (the main, long-term trend), on a line chart, 1 month timeframe: 1) -81% 2) -75% 3) -67% (as of publication). #1 Super reset -44% after 1 cycle , already in the alignment zone (sideways, accumulation) the before BTC halving. Candlestick chart. Timeframe 1 month. All the same and the same “fear”, but on a line chart #2 Super reset -67 % (13). 2 cycle . Border closes, start of COD619 carnival, (hematria) 1.8 months before bitcoin halving and subsequent growth over +880 % (not from lows). From “fear hamsters” lows over + 1440 % (not liquid). Candlestick chart. Same on a line chart. Greed begets poverty. Focus on that part of the price chart of the cycle. The chart doesn't matter, what matters is what I can "silently" convey to you with it. It's important to understand what's important to you, what you want to guess, I'm not interested in that at all. It can't be a secret what's already been. It is simply reality. You don't have to understand the last paragraph. If you don't understand it, skip it and focus on the text above, the logical TA (probability game).
BITFINEX:BTCUSD
by SpartaBTC
20
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.
COINBASE:BTCUSD
by bbitar
Bitcoin's Stalled Breakout: A Test of Bullish Resolve Bitcoin (BTC) ended last week with a whimper, failing to decisively break out of a bullish technical pattern and overcome key resistance levels. This has left many investors questioning the short-term trajectory of the world's leading cryptocurrency. After a price drop on Friday and a lackluster weekend, what can we expect from Bitcoin in the coming days and weeks? The Failed Breakout and Bullish Doubts The recent price action centered around a prominent technical pattern known as a bull flag. This pattern typically precedes a bullish continuation, with a price consolidation period following an uptrend. However, Bitcoin's attempt to break above the flag's resistance level at the end of the week proved unsuccessful. This failed breakout has cast doubt on the immediate bullish momentum and raised concerns about a potential reversal. Technical Indicators: A Mixed Bag Adding to the uncertainty are technical indicators that paint a conflicting picture. Some, like the Relative Strength Index (RSI), are hovering around neutral territory, suggesting neither overbought nor oversold conditions. This could be interpreted as a sign of potential buying pressure waiting to be unleashed. However, other indicators like the "death cross" – formed when the 50-day moving average dips below the 200-day moving average – have emerged, historically hinting at a possible short-term price decline. The ETF Inflow vs. Hedge Fund Shorting Tug-of-War Beyond technicals, a fascinating dynamic is playing out between two opposing forces in the market: inflows into Bitcoin Exchange-Traded Funds (ETFs) and short positions taken by hedge funds. On the bullish side, significant inflows into Bitcoin ETFs have been observed. This suggests institutional interest in the cryptocurrency remains strong, potentially providing a buying force that could propel the price upwards. However, this optimism is countered by reports of hedge funds taking large short positions on Bitcoin. These bets essentially profit if the price falls. This shorting activity could act as a headwind, potentially hindering any significant price gains. Short-Term Bounce vs. Long-Term Trend While a short-term bounce from current levels seems likely, predicting the long-term direction of Bitcoin remains a challenge. The failed breakout and bearish technical indicators raise concerns about a potential downward correction. However, the underlying fundamentals, including strong institutional interest and Bitcoin's limited supply, suggest long-term bullish potential. The Bottom Line: Patience and a Multifaceted Approach For investors, the current situation necessitates a patient and multifaceted approach. Monitoring both technical indicators and on-chain data to gauge investor sentiment can provide valuable insights. Additionally, staying informed about regulatory developments and broader market trends is crucial, as these external factors can significantly influence Bitcoin's price. Ultimately, while the immediate future of Bitcoin is uncertain, one thing remains clear: the battle between bulls and bears is far from over. The coming weeks will be telling, revealing whether Bitcoin can gather enough strength to overcome the recent setbacks and continue its upward trajectory.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Bitcoin Technical Analysis and Trade Idea - Where To Next?In thist video, we present a concise analysis of BTC Bitcoin. After recent bullish momentum, the asset has become overextended trading into resistance, and we are now seeing a significant retrace into support. Our primary objective is to pinpoint an appropriate buy entry point within this critical support zone, assuming that price action aligns with our analysis from the video. As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s important to note that this content serves an educational purpose and should not be interpreted as financial advice. 📈🚀📊
Long
by fxtraderanthony
5
BTC/USD Technical Analysis and Trade IdeaDuring the recent rally, Bitcoin (BTC) displayed significant bullish momentum. In our video analysis, we delve into a potential buy opportunity, provided that price action aligns with our entry criteria. We look closely at the 1H chart: 1: Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure. 2: Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my fibo zone as outlined in the video. Please note that this content is for informational purposes only and does not constitute financial advice.
Long
by fxtraderanthony
9
Bitcoin Inverse H&S Completing Sooner Than Expected!Traders, When I initially spotted what I thought could turn into an inverse head and shoulders on Bitcoin, we were at the neckline. I drew in pink what I proposed could turn into this inverse h&s with supports all the way down to 64.5k to remain valid. I am happy to see that the right shoulder appears to be forming faster than anticipated and our accumulation time appears to be nearing an end. Once the neckline is broken to the upside on this pattern, our target will be that blue ascending trend line overhead which comes all the way from Jan. '22. Good things are coming for the remainder of this year. Stay tuned and don't forget to follow/subscribe if you are in the mood to make some serious gains from my altcoin signals. Stew
INDEX:BTCUSDLong
by stewdamus
Bitcoin Eyes $70,000 as Strong US Data Weakens Dollar Bitcoin (BTC) is experiencing a surge in price, defying expectations and climbing towards the $70,000 mark. This bullish momentum comes after the release of positive US economic data, which surprisingly weakened the US dollar. The data, including strong GDP figures and lower-than-anticipated jobless claims, has instilled confidence in riskier assets like Bitcoin across the board. Breaking Through Resistance Bitcoin has been battling resistance levels around $60,000 for the past few weeks. However, the recent economic data from the United States appears to have flipped the switch, propelling the cryptocurrency above this key barrier. Analysts believe this breakout could signal a continuation of the upward trend, potentially reaching targets as high as $70,000 or even beyond. US Dollar Loses Footing The positive US data, while traditionally seen as positive for the US economy, has had an unexpected consequence for the US dollar. Investors are interpreting the strong economic performance as a sign that the Federal Reserve may slow down its quantitative easing (QE) program sooner than anticipated. This tapering of QE could weaken the dollar's value relative to other assets, including Bitcoin. Risk Assets on the Rise The positive sentiment surrounding Bitcoin is spilling over into other risk assets. Stock markets worldwide are experiencing gains, and other cryptocurrencies are also showing signs of bullishness. This broad-based rally suggests that investors are feeling more optimistic about the overall economic outlook, which is translating into increased risk appetite. Is This a Sustainable Rally? While the current surge in Bitcoin's price is encouraging, some analysts remain cautious. The long-term sustainability of this rally will depend on several factors, including the future trajectory of US Federal Reserve policy and global macroeconomic conditions. • Federal Reserve Policy: The Federal Reserve's monetary policy decisions will significantly impact the US dollar and, consequently, Bitcoin's price. If the Fed tapers QE more aggressively than anticipated, it could lead to a sustained weakening of the dollar, benefiting Bitcoin. However, a more hawkish stance from the Fed, including interest rate hikes, could dampen investor enthusiasm for riskier assets like Bitcoin. • Global Macroeconomic Conditions: Global economic factors, such as geopolitical tensions and inflation levels, will also play a role in shaping Bitcoin's price. If these factors worsen, it could lead to a flight to safety, pushing investors towards traditional assets and away from Bitcoin. Looking Ahead The coming weeks and months will be crucial for Bitcoin. The cryptocurrency faces several challenges, but the recent positive momentum suggests that there is still significant upside potential. Investors should closely monitor US Federal Reserve policy decisions and global macroeconomic developments to gauge the sustainability of this rally. Key Takeaways • Bitcoin is experiencing a surge in price, breaking through resistance levels around $60,000. • Strong US economic data has weakened the US dollar, benefiting Bitcoin. • The rally is likely due to increased risk appetite as investors become more optimistic about the economic outlook. • The sustainability of the rally hinges on factors like Federal Reserve policy and global macroeconomic conditions. Disclaimer: This article is for informational purposes only and should not be considered financial advice. It is recommended to conduct your own research before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln