BTC/USD - BITCOIN - Great Buy OpportunityBitcoin hit strong resistance at $25,000 but with all the good news from Hong Kong, China it will break the resistance:
--> On June 1st, 2023, Hong Kong will officially make crypto purchase & sell, trading, fully legal for all of its citizens.
Entry: $24,650 - $24,700
Take Profit 1: $27,000
Take Profit 2: $29,000
Stop Loss: $23,000
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Btcusdlong
Bitcoin to continue rally?Bitcoin - 24h expiry - We look to Buy a break of 25222 (stop at 24622)
The bullish engulfing candle on the daily chart is positive for sentiment.
Posted a Double Top formation.
25200 has been pivotal.
A break of bespoke resistance at 25200, and the move higher is already underway.
Overnight prices dipped through the 23833 support but have rejected this move and remain supported going into this mornings European open.
Our profit targets will be 26722 and 26922
Resistance: 24500 / 25200 / 26000
Support: 24200 / 23570 / 23330
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BTCUSDT may head for next 4h resistance around 24450-24550So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be very small.
Bitcoin Quick Trade Long is safeBitcoin Trade is around the 24.5K to 25.5K range and my analysis said BTC goes upward
Crypto News Sentiment = Negative
U.S Fed Side in this month = Neutral
Crypto Market Sentiment= Undienet Or Bearish
U.S market = breaks bear trend and moves uptrends
Dollar Index = Falling Fakeout
This All things my analysis drives me to is time for the long and overall market trend is still bearish
BTCUSDT : Is +130% Likely ? Fractals😨 Hi Traders, Investors and Speculators of the Charts 📈📉
In today's analysis, I take a look at a fractal that played out on Bitcoin from 2018 - 2019 over a few months. Fractals can be very helpful to give an idea how the price action behaves after certain trends, which is where trend lines become especially useful in conjunction with fractal strategy. I think the chart is self explanatory, but feel free to pop me questions in the comments section.
I believe there is an important balance between trend line analysis / chart analysis, and technical indicator analysis. I find that trend analysis ( trend lines, support zone and resistance zone ) is really helpful for longer term, whilst technical indicators can be very useful for the shorter term. Important to note that today's analysis is focused on near term, in other words not exceeding 3 months. According to my technical analysis on BTC yesterday, I expect the price to correct for the immediate term.
Yesterday, we discussed my two favorite technical indicators : the Phoenix Ascending and Bollinger Bands . Together, they point to harsh short term selling pressure. Bears have taken control for the immediate term, and according to the BBands, 19K is a next likely stop for the short term.
See more details below:
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BITCOIN UPDATE: WHAT IS THE TRENDThe question of BTC was if it could surpass the crucial 24K level, which marks the difference for a new bull market.
So far, BTC has not yet confirmed the 24K, which means that the trend still looking for key action and it can stay for some time stable before a new breakout.
From a long-term perspective, a BTC value above 18K is seen as positive , and 20K is important for the trade view that BTC should hold it.
As for the current trend, there is a good chance that the volume activity can have a new volume in the range between 21,400 and 21,700. This range is considered a volume zone where BTC can have some gains. IF BTC is not able to hold this zone, then it should, at last, holds the 20200 USD as the most important zone.
BTC for a low time frame BTC is still in a breakdown trend from the important key level of 24K, but it means not that it's broken into a confirmed downtrend as there is a good chance BTC will return to up 23K.
Markets change with time, and it's important to stay updated with last trends in the price action of BTC.
Updated longterm BTC chart: The road to 1 million.I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more conservative. Because as of now, there is still no reason to believe that BTC will do so, only because it has pumped now already 6 months earlier than 4 years ago.
This could just mean that we also reach the peak 6 months earlier.
The fundamental price drivers will remain the halvings and mainstream adoption.
We can also clearly see that the factors between the subsequent peaks is diminishing every time.
From x38 to x16 and now probably to around x6 and so on.
It cannot just continue to do the same increases again and again, then we would have prices of 100 million USD by 2025 or some insane stuff like that.
That is not very scientific but sensationalist, and we should remain realistic here, even if that means being more conservative. Conservative with 1.3 million in 2030 LOL.
Try telling that someone in the stockmarket hehehe!
Anyways, there is indeed the chance that BTC leaves this channel and creates a faster rising one, but the future datapoints are not here yet, so we must use
the past points for extrapolation.
But no matter what happens, I am convinced that BTC mainstream adoption WILL happen. It's not an "if" question, but a "when" question.
BTCUSDT WE HOLDING LONG BOIIIII TP COMING SOON!THIS IS NOT A FINANCIAL ADVICE....this video is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.
Let's look closely on this pair for a day or 2. Big momentum is coming.