BITCOIN Is an aggressive break-out imminent?Bitcoin (BTCUSD) is struggling to break and close above the All Time High (ATH) Resistance having almost completed 6 weeks of sideways consolidation and candle closings below it. On any other occasion, that would be a bearish signal, an inability of the market to find enough willing buyers to push it to a new High. But with BTC's historic cycles this has proved to be just a stepping stone before the most aggressive phase, the non-stop rally that drives the Cycle to its peak.
The 3W LMACD indicates that the market is proportionally on that exact same level that it normally is when it tests the prior ATH, before it breaks it. With the LMACD trading within a Channel Down since the very beginning, this test happens when it hits the 0.618 Fibonacci Channel level. When the LMACD's blue line starts approaching the 0.786 level, this is when BTC closes above its ATH and starts rallying strongly (blue circle).
The final part of this phase is the peak formation (red Rectangle) and it happes when the LACD approaches the top of the Channel and reverses before it makes a Bearish Cross. We estimate this to take place within the (admittedly) wide range of 150000 - 300000, depending on market conditions and relevant global demand from ETFs.
But what do you think? Do you expect Bitcoin to rise parabolically if it closes above the ATH level? Feel free to let us know in the comments section below!
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Btcusdsignals
btcusd longBitcoin Price (BTC) Real-Time Live Price
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.
BTC Halving only few hours away! Youre NOT READY for this rally!Bitcoin (BTCUSD) is less than a day (only a few hours) away from the new Halving and naturally all eyes are on this historic event, the 4th in succession. We all know the fundamental specifics and how a -50% less Supply can drive the price higher as long as Demand stays intact.
What people may not know (or may not be able to comprehend) is the pure magnitude of the rally that is about to begin in the next few weeks. Let's put all into technical context in order to understand just how high BTC can go.
** Fibonacci Channel and Mayer Multiple Bands **
We are all familiar with the Channel Up that started on the December 2017 High. With some variations, it has been so far very consistent. The application of the Fibonacci Channel retracement levels and the Mayer Multiple Bands, helps us get a good understand of the relative position we might be at compared to the previous Cycle.
** Have we been here before? **
As you can see, BTC has been consolidating since the March 04 1W candle within the 0.382 - 0.5 Fibonacci Channel range. At the same time, the Mayer Multiple Standard Deviation Upper 1 level (grey line) is supporting, in fact it was touched this week. The is a similar price action amoung the exact same levels we had from November 16 to December 07 2020. Interestingly enough, the 1W CCI sequences that preceded this between the two fractals, are also similar.
** How high can we go? **
As for how high the Cycle can rise to? The previous Cycle peaked on the 1.618 Fibonacci extension (from the previous High to the bottom). The same specification gives us $170000. But besides the 1.618, the price reached the top of the Channel Up and the MM STD Upper 2 (orange line), making a rise from the consolidation's low of +300%. If this happens again, BTC can even reach $240000.
This is far from an unrealistic range projection, $170k - $240k, for the Cycle High. But what do you think? Will we fall somewhere between or higher/ lower? Feel free to let us know in the comments section below!
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BTCUSD Bullish Momentum Anticipated from Key Support LevelBTCUSD is currently exhibiting a Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by distinct price swings that form geometric structures. As per our analysis, the pattern is nearing completion, with Point D aligning with a crucial support level.
Trendline Analysis:
In conjunction with the Harmonic Pattern, a trendline has been identified, further reinforcing our bullish outlook. The convergence of the Harmonic Pattern and the trendline at Point D enhances the significance of this level as a potential entry point.
Trade Setup:
Entry: Long position entry is recommended at 64690, reflecting our anticipation of a bullish momentum shift from Point D.
Stop Loss: To mitigate downside risk, a stop loss is advised at 59600, safeguarding against unexpected market fluctuations.
Profit Targets:
We have identified multiple profit-taking levels to capitalize on potential upward price movements:
TP-1: 69760
TP-2: 74834
TP-3: 79870
Rationale:
The technical setup indicates a favorable risk-reward ratio, with Point D coinciding with a key support level and the formation of a Harmonic Pattern. This, coupled with the establishment of a trendline, strengthens the bullish bias.
Conclusion:
In summary, based on the analysis of the Harmonic Pattern formation and trendline dynamics, we advocate for a long position in BTCUSD with an entry at 64690 and stop loss at 59600. Profit targets are set at 69760, 74834, and 79870, reflecting our expectation of a bullish trend continuation from Point D. As always, prudent risk management is advised to navigate market volatility effectively.
BTC NEW BUYING ZONE FOR ATH TILL 80K$HELLO TRADERS
As I can see #BTC is now trading @ 70K$ time of posting this trade idea we are expecting BTC can make a new all-time any time before Halving Friends its trading now above a local trend line and holding above 70k$ which is a support now we are buying from 64K$ as you can see our pervious posted analysis risk reward ratio is great on this trade there is many fundamental reasons behind this trade it's just a trade idea show Ur thoughts with us
Stay Tuned for more updates!
BITCOIN Is this simply a big Bull Flag?Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before new Highs.
As BTC is approaching the 1D MA100 (green trend-line), it is important to know that the last time it did was on January 23 and it held it as Support, closing the 1D candle above it. Technically that is the tolerance limit, in order to the uptrend to stay valid with low entry buyers.
The January 23 Low initiated a rebound that peaked marginally above the 2.618 Fibonacci extension, the March 14 High. If the same pattern is repeated, we can see $95000 by June.
How probable do you think that is? Feel free to let us know in the comments section below!
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BITCOIN May 2020 VS April 2022 Halving. Striking similarities.Bitcoin (BTCUSD) is only a few days before the new Halving event and is already below its 1D MA50 (blue trend-line) for the first time in 2 months, having broken the previous Ascending Triangle pattern.
This is a sequence that we have seen before during the previous Halving (May 11 2020). Of course the Halving took place at the start of the Ascending Triangle and not after it broke but we want to grasp the general picture and as you see the price action around this critically important fundamental event is very similar.
The goal now is for BTC to hold its 1D MA100 (green trend-line) intact as it did in June 2020 (also held it last time on January 23 2024, which delivered a remarkable rebound) and attract new long-term buyers. Notice also the similar 1D RSI Falling Wedge patterns.
The 2020 Triangle reached its 2.0 Fibonacci extension, so that is our next medium-term Target at $90000.
Do you think the 2020 fractal will be repeated? Feel free to let us know in the comments section below!
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BTCUSD:65000-67000 short, 61000-58000 long
Support is around 63000-62000, and the small-level chart now shows that bears have a greater advantage, so the trading view is to go short first.
If the support is effective, you can go long. If it falls below, look at the 60600-58800 range, with strong support around 57200.
In the 4h chart, some indicators need to be repaired, so if it falls below 61,000, the risk factor for long transactions in this range is relatively low.
The main trading range is: 65000-67000 short, 61000-58000 long
btcusd chartBitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.\
confirm btcusd signal
BITCOIN Holding the ATH Zone! Is this like 2017?Bitcoin (BTCUSD) made a sharp decline on Saturday and is now in the process of recovering. The 1W candle wick dived as low as the low of almost 30 days back (March 20), extending the 1-month consolidation since March 13 High. This is of course directly related to the fundamental aspect of BTC's Halving, which is due at the end of the week and historically exerts high volatility onto the market.
Buy even from a technical point of view, those two sell-offs found Support and held the (red) All Time High (ATH) Zone, which is the range taken from the closings of the previous ATH candles. As we can see on the right chart, it was the exact case on the 2014/ 2017 Cycle, which is the Cycle that we first here most tightly correlated Bitcoin's current Cycle.
More specifically, the March 20 and April 10 2017 1W candles, were both contained at the bottom of the ATH Zone and sharply extended the rally right after. This means that the Halving event can be the ideal fundamental 'excuse' to kick-start the rest of the technical rally and fulfil the pattern.
But what do you think? Will history be repeated once more? Feel free to let us know in the comments section below!
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Btcusd weekly Target Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.
Confirm Chart btcusd weekly Target
btcusd longBitcoin Price (BTC) Real-Time Live Price
Bitcoin News: Read the Latest Analysis on BTC
This guide is designed to help day traders navigate the cryptocurrency marketwith control and confidence and is built on decades of experience garnered by
analysts and authors. We will study a wide range of fundamental, technical and psychological
trading techniques that will help you master short-term trading in one of the most talked about and volatile marketplaces.
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.confirm signal
BTCUSD:Go short first, then go long
BTCUSD:
It is currently located near the resistance level, and the strong resistance is near 72400. According to the 30M chart, the transaction should be short first, pay attention to the support and strong support before conducting long transactions. In the 2H chart, the MACD indicator is biased towards the long side.
You can choose to go long near the support, and the chance of hitting strong resistance is relatively high.
BITCOIN The Mayer Multiple + Megaphone Roadmap.Bitcoin (BTCUSD) is approaching the top (Higher Highs trend-line) of the Cyclical Megaphone pattern and the current consolidation comes as a natural consequence of the Resistance pressure in close proximity.
Technically, BTC has formed almost the exact same pattern during the previous 2 Cycles. The Megaphone starts when BTC breaks and re-tests the orange Mayer Multiple (2nd std from top) and extends towards the green MM (bottom std).
As the price hits the yellow MM (3rd std from top), it consolidates, even has a short-term technical pull-back, which respects the 1W MA50 (it never breaks until the Cycle Top). Once the top of the Megaphone breaks, Bitcoin starts the final and most aggressive phase of the Bull Cycle towards at least the orange MM.
As a result, we expect a similar behavior once Bitcoin breaks above the Megaphone. A fair estimate for a Target Zone would be 150k - 200k.
Do you think that's realistic? Feel free to let us know in the comments section below!
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BTC uptrend.When this MA crosses that MA, it could be a signal indicating a potential change in trend, thereby providing you with a good entry opportunity.
The price quickly moves upwards after breaking above the upper edge of the rectangle. If we have a buy order placed at the upper edge of the rectangle, we have made a profit. Just as the rectangle declines, here, once the price breaks out, it will move a distance equal to the width of the rectangle.
BITCOIN consolidating around ATH = Mega BUY!Quick comparison of Bitcoin's (BTCUSD) current Cycle to the one in 2014 - 2017, which is the one that has been most tightly correlated to and as you can see by the charts below, we have spotted since January 2023, right at the market bottom:
The current consolidation around the previous All Time High (ATH) region is a clear buy signal, in fact based on the 2014/17 Cycle, it is the last we might get before the Parabolic Rally (green) phase starts.
As you can see both Cycle's started with a Falling Wedge leading to the bottom, then the Accumulation Phase as soon as the price broke above the 1W MA50, leading to the 1st take-off Phase to test the ATH.
The 1W RSI will mostly stay overbought from now on until the top of the Cycle, which is not the essence of the current idea, but we expect it to be at least at 200k. The 1W MA50 (blue trend-line) should continue to support until the Cycle Top.
But what do you think? Do you expect BTC to start the parabolic rally phase shortly after the Halving which is around a week's time? Feel free to let us know in the comments section below!
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BITCOIN About to break the 3-week Triangle! How to trade it?Bitcoin (BTCUSD) has been trading within a (dashed) Triangle pattern since the March 14 High, supported twice by the 1D MA50 (blue trend-line). The price is testing today the top of that pattern and going back to November 2022 at the bottom of the Bear Cycle when the Fibonacci Channel Up begun, we can see that a similar pattern emerged two more times.
The first (January - March 2023), the Triangle broke downwards, hit the 1D MA100 (green trend-line) and then rose aggressively towards the 1.786 Fib extension. The second Triangle (December 2023 - January 2024) broke to the upside but then got rejected at the top of the (blue) Channel Up (Channel Fib 1.0) and pulled-back to the 1D MA100 before rising even more aggressively towards the 4.5 Fib ext. The common fact is that on both cases, the price touched the 1D MA100 eventually before rebounding.
At the moment though, BTC is above the former (blue) Channel Up and is transitioned into a Fibonacci dynamic pattern. As a result, there is no obvious Resistance right above besides the 2.0 Channel Fib extension. A bullish break-out this time may not necessarily require a 1D MA100 test before a more aggressive rise. Since however the new Halving event is expected in a week and a supply shock may initially cause a decline upon news that might already priced in, traders are advised to keep some 'dry powder' for a final test of the 1D MA100.
We have two targets for the medium-term: Target 1 at 85500 (marginally below the 1.786 Fib ext) and Target 2 at 120000 (marginally below the 4.5 Fib ext).
The signal to buy with more confidence on the 1D MA100 would be if you see the 1D RSI hitting the green cup pattern again as it happened on the previous price Triangle cases, which as you can see, have been fairly similar, getting overbought (above 70.00) prior to the Triangle and then deflating as the Triangle formed.
Feel free to let us know in the comments section below!
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BTCUSD Analysis. i will long.Hello everyone. i want share my idea about Bitcoin price action.
We all saw Bitcoin bull run after ETF approval that means institutional are still in this game. at the moment last all time high we have at 73800, after that we saw rejection from sellers which tested well the strongest daily support.
If we we look at the picture from far we will see some technical signal which is head and shoulders, this technical movement gives me short signal but ill tell you some reasons why i think at bitcoin long.
First - Bitcoin has pretty bullish movement and this fall after all time high was logic, all market need correction after strong movement.
Second - Bitcoin touch to daily support at 61000$ where buyers long and we saw 8000$ movement in only one day. Yeah that's right bitcoin price came back to that zone but buyers are still active
Third - USDT dominance (index of Tether dominance on market) is still pretty bearish, USDT dominance after strong fall, came into 1 week Fibonacci high volume buy zone, got rejection from buyers but that rejection was not enough and for me it was correction of that index after strong fall.
Fourth - Bitcoin has still bull run, the last movement, what was today, for me that is continuation of trend and daily candle which closed 8000$ upside movement, after touch Strong daily support.
Here is my reasons why i will try to find low for open my long position. i will update that post with trading signal.
Always make your research!!!!
Bitcoin Analysis: Facing Key Decision ZoneAs seen in previous analyses, we have reached and broken the target ($67,000). We are now operating in a pivotal zone that could either continue selling and break the rectangle from the bottom towards $63,000, or break it from the top and rise back to $67,000, which has now become a resistance zone after previously serving as support.
As indicated by technical analysis, clarity will emerge after this brief pause, especially as the new day's opening candle approaches, revealing who will dominate this challenging zone.
I wish you success in your decision-making and finding the right place at the right time, and I hope this analysis proves helpful to all.
BITCOIN The Golden 51%-49% Ratio! 600 days of Bull Market left!This is a really simple Bitcoin study on which I calculate the remaining days of the current Bull Cycle we are in based on the Top, Bottom and Halving of each Cycle. These parameters are effectively used to distinguish the Bull from the Bear Cycles. Tops are obviously where the Bull phase ends and Bear starts, while the Bottoms are where the Bear phase ends and the Bull starts.
** The 51%-49% Ratio and the important of the Halvings **
The focus of this study is the Bull Cycle. As you see on the chart there is a striking similarity on each Cycle. The phase from the Bottom to the Halving is 51% of the whole Bull Cycle while the rest (Halving to Top) consists the 49%. Practically we can claim that the Halving seems to be the middle of each Bull Cycle.
** So where are we now? **
Based on the above ratio and with the 3rd Halving scheduled on May 12th, 2020, we can calculate that the first phase (51%) of the current Bull Cycle will last around 520 days (Bottom made on December 15th 2018). The 49% which based on the previous two cycles has been the second phase should therefore last around 505 days, placing the Top of the current Bull Cycle in early October 2021! This means that there are around 600 days of Bull Cycle left!!
Of course there are and will be several other parameters that can influence the cycle (we saw that on the April-June 2019 parabolic explosion) but this is a good (and so far very accurate) pattern that long term Bitcoin investors can follow. It certainly answers the question "is it too late to buy?" though!
Do you agree with this estimate of have another pattern in mind? Let me know in the comments section!
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BONUS MATERIAL a shorter term perspective: