How to make money with Bitcoin? This time it is a decline.
From the trend point of view, Bitcoin will continue to fall. There is currently pressure at around 62,000. This round of decline is expected to go down to 60,500-60,000. So shorting Bitcoin can make money.
BINANCE:BTCUSDT BINANCE:BTCUSDT.P COINBASE:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P TVC:DXY OANDA:XAUUSD NYMEX:WTI1! FX:GBPUSD
Btcusdtlong
Oversold Bitcoin. It will continue to rebound.
I think there is also a trend of rebound after the decline of Bitcoin. The current price is around 61,000. The target is in the range of 62,100-63,000. Friends who like to trade cryptocurrencies can choose to buy as the main position.
INDEX:BTCUSD BINANCE:BTCUSDT.P COINBASE:BTCUSD BINANCE:BTCUSDT
Bitcoin rebounds by about 500-800 points in the short term.
64500 is a good position for shorting.
You can buy in small batches at present. Remember not to scalp. The risk is very high and uncontrollable.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P CRYPTOCAP:BTC.D
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision.
Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet.
The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me.
Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term.
The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs.
We are almost there; patience is key.
The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC.
I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not.
So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any.
Thank you.
PEACE
Bitcoin Cup and Handle Pattern!BTCUSDT technical analysis update
BTC is forming a cup and handle pattern on the weekly chart. The price is currently forming the handle, which could take 1-2 months to complete. Once the price breaks the neckline, we can expect a significant bullish move in BTC.
Regards
Hexa
#BTC/USDT#BTC
The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation.
With a bounce from the lower border of the channel, which supports the rise
We have a bounce from the green support area at 54500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 55,800
The first target is 63325
Second target 70280
Third goal 78524
Fourth target 85350
GO!!! Long on BTC target 62690btc has arrived on out levels POI + FVG
liquidity sweep and forming bullish candle
entry 60,300, target 62690 and sl below the marabozu candle 59390
as i have marked this two dots on the double top price likely retrace back to them from the fvg demand zone if we draw early fib from top to bottom we get 0.7 on the same level of our target
$BTC Bitcoin Hopium or No-pium?CRYPTOCAP:BTC price in ascending triangle pattern!
Current Price: $65100
Major resistance around $71,500
More precisely between 71500 - 73000
From my previous post $bitcoin lost a major support around 67000 and found support around 64300. Support around 64300 has not broken the angled support of the ascending triangle.
It is important that bitcoin does not break this trend line else next levels of support are around 60600 and 57900.
If 64300 remains support and trendline is intact then 67000 will be tested as now resistance! Waiting to see what happens at these levels.
What do you think? Hopium or Nopium?
BTCUSD - RE-ENTRY / Price reverts to the initial entry priceHello Traders!
I will re-enter this trade after BTCUSD took me out of the transaction on 0.
Most probable we will see here a bullish momentum.
Trade Safe!
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#BTC/USDT Critical point. Emergency Update!#BTC needs to break and close above the 100EMA on the daily chart. Keeping it straightforward: until this occurs, the price may target the liquidity below $60k. This is not an opinion, just what the charts indicate!
The rejection in altcoins is concerning.
While I'm not bearish, BTC is currently at a critical juncture. This is the right time for the bulls to step in!
This indicator has been highly effective in identifying local bottoms and tops.
Sooner or later, the market will rally for the final wave. Until that happens, be cautious with leverage and view these times as opportunistic for altcoins.
dyor, nfa
#Crypto
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
BTC Range continues. Weekly = Trend. Daily = Trend. 4H = Range.
Keep it simple, every time we find price at range lows, the order flow shows demand / bid.
I could a see a sweep below 65k to take some liquidity. But this all looks very 'normal' and constructive. Next time we hit supply at 72/73k - it will not hold IMO.
Note the fib time. I think we grind this zone until end of June before any push.
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