Bitcoin retraces - But I see a very bullish & profitable BULLS
BITCOIN is looking to turnaround very strongly to the long-side at any moment. The timing has to be right because they are to Wed.
Btcusdtlong
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
A correction of more than 6% has formed on D1, to a local support level, which may indicate a retest of this level, before going up, it is worth considering news factors in the near future, so as not to increase risks. You can try to work out a retest of the level, with a short stop loss, in order to avoid further corrective movement to the levels to update ATH. In the best case scenario, you can take a profit of 1:7. If the idea does not materialize, then wait for an additional entry point for purchases.
Target: 70600 - 76550
#BTC/USDT#BTC
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 70500
Entry price 70500
First target 71700
Second target 72660
Third target 73712
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction:
It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far.
The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards.
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OKX:BTCUSDT
BITCOIN Poised Bollinger Band Bottom 4 Fast Break of 73,000
BTCUSD price a bit choppy the last few hours but only because of the triple top system its traversing to ultimately break above.
Price is situated at the bottom of Bollinger Bands and it looks bullish to me for a fast move up now past 73,000 and break out into new space very explosively.
$BTCUSDT Bouncing from Demand Zone – Eyes on $75KBINANCE:BTCUSDT Bouncing from Demand Zone – Eyes on $75K with Strong ETF Inflows!!
After a significant uptrend, CRYPTOCAP:BTC experienced a healthy correction, finding support at a key demand zone. The current bounce from this level, marked by a bullish candle, signals a potential shift towards upward momentum. Volume is steadily increasing, which further strengthens the case for a continued move higher.
Additionally, there’s a notable rise in MARKETSCOM:BITCOIN ETF inflows, adding more fuel to the current rally. This confluence of bullish factors sets the stage for BTC to reach new highs, with $75,000 being the next major target on the horizon. Traders should watch for sustained volume and momentum as key indicators of this breakout.
Bitcoin (BTCUSDT) - 4H Timeframe - Massive Target Achieved!The Bitcoin (BTCUSDT) 4-hour chart reveals a successful long trade setup, with all pre-determined targets reached. Here's a breakdown of the key technical elements that guided this trade:
Entry Point: Positioned at $61,732.3, the trade setup aimed to capitalize on a bullish momentum, as indicated by strong support above the Risological dotted trend line.
Stop Loss: Strategically set at $60,316.2 to limit downside exposure while providing room for price fluctuation.
Target Points:
TP1: $63,482.7
TP2: $66,315.0
TP3: $69,147.4
TP4: $70,897.7 (final target successfully hit, confirming strong upward momentum
)
Volume Analysis: The trading volume stands at 56.92K, with an average of 120.91K over the past 30 days, indicating a slightly below-average activity level, yet sufficient to support the trend.
Bitcoin's successful breach through each target highlights robust bullish sentiment. Monitoring future price action will be crucial to gauge the sustainability of this trend, especially considering potential resistance levels post-TP4.
Bitcoin: Cup and Handle Breakout PotentialBTCUSD technical analysis update
BTC has formed a Cup-and-handle pattern on the weekly chart over the last 1,100 days and is currently trading at $67,000, approaching a key resistance level. A breakout above this resistance would signal a potential upward trend. Once the breakout occurs, we could see a strong bullish move, with the potential for a 100% to 200% increase.
Regards
Hexa
BTCUSDT Golden Cross Signals Strong BullishBINANCE:BTCUSDT daily chart shows a Golden Cross, a pattern that has historically been a strong indicator of bullish momentum. A Golden Cross occurs when the 50-day moving average (MA 50, in purple) crosses above the 200-day moving average (MA 200, in blue). This crossover is generally viewed as a signal of a long-term trend reversal, suggesting that bullish momentum is building. Whenever this crossover has occurred in the past, Bitcoin has experienced substantial upward price movement in the following months.
Currently, CRYPTOCAP:BTC has broken through broadening wedge resistance levels on the daily chart and is trading near $71,000. This price action aligns with the Golden Cross, reinforcing the potential for a continued bullish move. With BTC consolidating above key levels, a breakout above $70K could trigger further buying interest and sustain the uptrend.
If BTC can hold its position above the 200-day MA and breakthrough additional key resistance levels, the price could continue to climb. Potential targets range from 100-200% gains from this level, similar to past Golden Cross rallies.
Regards
Hexa
BTCUSDTBTC ~ 1D Update
#BTC As we expected. A new ATH is only a matter of time.
The bullish party has just begun.
BTC USDT DIAMOND PATTERN H4if the price breaks the right upper line, you get a confirmation of the trend reversal, set a sl below the latest bottom that has formed within the diamond formation.
Accumulation and Re accumulationFor all patterns fan! But this is not a pattern its just a basic price action and Accumulation / Reaccumulation / Distribution
Based on cycles, seasonality. Gold - Monthly
Btc - Weekly
BINANCE:BTCUSDT
BTCUSD I Forecast and trading plan Welcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
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Will Bitcoin Take Off?Bitcoin's price has been moving sideways for the last 114 days after reaching a new ATH. Now, the price has dropped below the previous ATH.
In the early stage of the bull run, Bitcoin's price moved sideways for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move sideways for the next 1-2 months.
We can expect a bullish move in the middle or end of the third quarter of 2024.
Regards
hexa
BTC to ATHI think DXY will make one last spike up and then it’s in for a nice drop. That could also benefit cryptocurrencies, especially BTC. So, I’m expecting one more low to be taken out, which could theoretically go up to 60K (but I’m leaning more towards a max of 64,500). I’ll gradually start picking up longs and aim for ATH :)
BTCUSD 30m previewICMARKETS:BTCUSD they hold the support from the previous two days and as long as they are above this strong support zone, I expect an upward move
Imagine new retrace to find out new $$ in next weekswe like to see market as simple as possible, take some profit if you buy in dip and wait enough to trend makes buy in the dip do not FOMO and also be carful about manipulation don't forget that market is moving because of manipulation specially for those retailers who save roughly and loss easily.
anyway I have lots of prediction and scenario for next weeks but my favorite one is to buy BTC lower again and can get profit during these waves in this clear channel.
BTC Breakout Alert: Weekly Close Could Ignite Rally! 🚨 #BTC is on the verge of breaking out of long-term resistance! 📈
If this week's candle closes as it is, we could see a strong upward move. 🟢
Current price: $68,714.9 (+9.35%)
Keep an eye on the weekly close for confirmation! 👀🔥
#Bitcoin #Crypto CRYPTOCAP:BTC
BTCUSDTBTC ~ 1W Update
#BTC Successfully broke through this bullish flag pattern.
If this goes according to plan, New highs are only a matter of time.
Gold and Bitcoin: Dual Insights for Investment OpportunitiesWith the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago.
From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time?
I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .
BTCUSDST. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
History is repeating itself!We accurately predicted the Bitcoin bottom when it was trading at $16,700, and now the price moved as we predicted.🚀
Below Idea posted on Jan 2, 2023
In the last two Bitcoin cycles, we experienced 365 days of bear markets followed by a 1064-day bull run from the bottom. Currently, we have completed 690 days of a bull run, suggesting we have almost one year left in this upward trend. Historically, Bitcoin has moved aggressively after each halving, reaching all-time highs (ATH). We anticipate a strong bullish move after October, and if history repeats itself, we could see a bull run extending until October 2025. BITSTAMP:BTCUSD BINANCE:BTCUSDT
Regards
Hexa
