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Btcusdtlong

#BTC will break this resistance or we will see a pullback?#BTC UPDATE On 12H, BTC is about to break out of a lengthy falling wedge. The MA 100 and the Ichimoku cloud are both providing resistance to the descending wedge. A firm breakout of the falling wedge would indicate a significant bullish rally in the market at this time, when the price has retested above the horizontal support. Let's understand deeply Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023 Bitcoin miners' revenues have shown steady growth since the year's start, peaking on May 8 at $41.7 million. This growth aligns with an uptrend in key Bitcoin network metrics. The BTC Miner Sentiment metric, considering the network's average hash rate, difficulty, mined blocks, and block rewards, also displays a consistent rise. This growth indicates a strengthening and stabilizing Bitcoin network. The hash rate and network difficulty directly relate to Bitcoin's security and mining challenge, respectively. The number of mined blocks and block rewards influence miners' earnings. However, the expected halving of Bitcoin block reward in 2024 could impact these earnings. Forecasts suggest continued growth in miners' revenues and network resilience in the short term, though the upcoming halving could shift this trend. Regardless, Bitcoin's core network metrics reaffirm its strength and resilience, highlighting Bitcoin's role as a leading cryptocurrency and its long-term viability. In conclusion, the analysis of Bitcoin network metrics reaffirms Bitcoin's leadership and resilience in the cryptocurrency market. With sound risk management, miners can continue to secure earnings, providing investors confidence in Bitcoin's enduring stability. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
8
BTC Major rally READY?BTC has been forming a descending channel since April 10th and has now completed this massive structure shown by the three touches, similarly to XRP as shown on my last post. When you look within the channel you can see the accumulation phase (highlighted in blue), then manipulation (highlighted in red) and finally (distribution)(phase 1). There has been a re accumulation from the top trend line back down to the Fair Value Gap at 26868. BTC broke low, then broke high, then retested, along with a major apex where current price is while keeping the higher lows intact. Every zone below current price has also already "filled". This information may not mean much to someone who aren't as familiar. But to those that count, I hope some part of this provided value to you. I tried my best to lay out many reasons I believe BTC will soon be heading towards my upwards targets of 31500 34700 and 40400. Although, this is a A+ setup in my books so it seems almost too good to be true, so i suspect some news will come amongst this rally. Bitcoin has checked all of my boxes.
BITSTAMP:BTCUSDLong
by Spiritualbeing11
Capitalizing on the Right Angled Broadening Pattern BTCCapitalizing on the Right Angled Broadening Descending Wedge Pattern Introduction: In the world of cryptocurrency trading, uncovering reliable patterns can unlock lucrative opportunities. Today, we delve into the hourly chart of Bitcoin (BTC) to explore an intriguing pattern: the Right Angled Broadening Descending Wedge. This pattern's unique structure presents a promising trading setup that traders should keep a close eye on. Pattern Analysis: The Right Angled Broadening Descending Wedge pattern on BTC's hourly chart reveals a captivating interplay between widening trend lines. The lower trend line displays a steeper slope compared to the upper trend line, creating a visually appealing and potentially profitable pattern. Trade Setup: Entry: $27,065 Target: $29,410 Stop Loss: $26,768 Based on our analysis of the Right Angled Broadening Descending Wedge pattern, we propose the following trade setup for BTC: Entry: Enter the market at approximately $27,065. This level represents a prime opportunity to capitalize on the potential breakout indicated by the pattern. Target: Set your profit target at $29,410. As the pattern unfolds, it suggests the potential for an upward move, and this target level represents a significant profit-taking opportunity. Stop Loss: Implement a stop loss order at $26,768 to manage risk effectively. This level acts as a safety net, minimizing potential losses in case the market moves against your trade. Conclusion: The Right Angled Broadening Descending Wedge pattern witnessed on BTC's hourly chart offers an enticing trading opportunity. By entering the market at $27,065, targeting a move towards $29,410, and employing a stop loss at $26,768, traders can position themselves advantageously. It's crucial to note that trading decisions should be made after considering additional factors, including other technical indicators, fundamental analysis, and overall market conditions. Utilizing a comprehensive approach will enhance your trading strategy and increase the likelihood of success. Stay vigilant and monitor BTC's price action closely. As the Right Angled Broadening Descending Wedge pattern unfolds, be prepared to seize the potential gains it may bring. Happy trading!
Long
by TheNewsCrypto
28
📈Bitcoin may retest 27274 level📉BINANCE:BTCUSDT COINBASE:BTCUSD Hey everyone, first take a look at my previous ETHUSDT analysis and position. Bitcoin may experience growth to 27274. The trend is still bearish, and the price takes another step for further correction with each rise, specially near stop-hunt level. P.S: If the price stays above 61.8 fib level, bitcoin can go higher even above 27500 level. Don't forget to risk-free your position. Please share ideas and leave a comment let me know what's your idea. CrazyS✌
by CrazyS
2
BTCUSDT likely to head up for 29236 levelThis is a long shot long idea but like the last time this one is also worth trying. The price is not near the entry point but I will add a third a bit lower from here, a third on entry level and a third down from entry if the price dips and long still seems favorable. The target for this trade is 29236. The price may have pullbacks on the way at 27300, 28150, 28936. We will monitor those levels and take partial profit or come out of the trade accordingly.
Long
by angela_altair
Bitcoin to 37kAs I predicted on my previous post, the bottom of Bitcoin is most likely in. This means that is time to talk about targets next! The price has to breach the resistance of the falling channel first, but that is only a matter of time. If it breaks, and I believe it will do so soon, The price will go up to 31k first. The next resistance are 33,7 and 37k. So far the uptrend has been steady since December and I see no reason why that should change. The stock market is also bullish after all.
COINBASE:BTCUSDLong
by FetchTeam
Knock Knock Bitcoin, are you there?Well, what is there to say? Bitcoin has been moving very well for the last couple of months until it started to surprise me. At this point it's still moving according to the count as it reacted off of equality of wave {c} vs. {a}. With all honesty I do not have a clear idea on whether we have finished wave 2 or not, but for the time being I do not have any reasons not to be bullish. I'll keep it monitored, but all I can see is that there are no conditions to open any trades nor long or short, but that is obviously my own opinion based on the way I trade and my own experience. As always, these is not financial advice, but feel free to ask questions if you have any! Trade safe!
INDEX:BTCUSDLong
by EWFAlessio
3
Bitcoin: Bulls VS Bears: Battle of $26KHi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 A quick analysis on Bitcoin. Over the weekend we may see some volatility as the bulls and the bears battle on the current support zone at $26400. It is my personal view that this trendline will hold , due to a macro market perspective analysis that I did a couple of days ago which pointed towards BTC being in phase E of the Wyckoff Method market phases : Incase you missed it ! A new altcoin that leverages memes and the hype of AI : AIDoge : BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KUCOIN:BTCUSDT COINBASE:BTCUSDT OKX:BTCUSDT BINANCEUS:BTCUSD BITFINEX:BTCUSD PHEMEX:BTCUSDT _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
41
BTC: Keep going long, target 30K BTC has been running around 27K recently, although affected by the news, the market has ushered in a fall, but the support of 25.8K below is very obvious, personal advice, before the market has not fallen below 25.8K, always maintain a long idea, any decline is a better buying opportunity. Personal operation strategy: btc buy@27-27.2K tp: 28-29-30K Fifteen years of trading experience, trading signal accuracy rate is as high as 95%, I will share more trading signals to help you make profits!
Long
by DaveBrice_
4
Bitcoin will pump by Falling Wedge Pattern🚀Bitcoin was able to make a Falling Wedge Pattern near the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢. I expect that Bitcoin will go UP after breaking the upper line of the falling wedge pattern. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
12
Bitcoin Growth with Bullish 🚩Pennant🚩 Pattern🚀(Shor term)As I expected in the previous post, Bitcoin was not able to break the 🟢 heavy support zone($ 26,900-$ 26,400) 🟢, but as Bitcoin always does, it created a trap(🐻Bear Trap🐻). Bitcoin seems to be completing the Bullish Pennant pattern , but maybe the ⚠️ low trading volume ⚠️ on Saturday and Sunday will affect the correct formation of this pattern. If Bitcoin can break the upper line of the symmetrical triangle , we can consider confirmation of this pattern. 🔔I expect Bitcoin to grow at least up to the downtrend line after breaking the upper line of the symmetrical triangle, and the next step could be the 🔴 resistance zone($ 28,000-$ 27,660) 🔴. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
32