Xbt
#BTCUSDT #4h (ByBit) Falling broadening wedge breakout & retestBitcoin regained 50MA support and is pulling back to it, seems ready to pump towards 200MA resistance after.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (12.0X)
Amount: 5.1%
Current Price:
62917.6
Entry Targets:
1) 61920.3
Take-Profit Targets:
1) 65955.6
Stop Targets:
1) 59897.6
Published By: @Zblaba
CRYPTOCAP:BTC BYBIT:BTCUSDT.P #Bitcoin #PoW bitcoin.org
Risk/Reward= 1:2.0
Expected Profit= +78.2%
Possible Loss= -39.2%
Estimated Gaintime= 1 week
BTC dominance is about to be rejected from the cycle topBTC Price Perspective:
As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen.
In the first cycle, BTC dominance was at its peak around 96%. Following this, it experienced a significant crash to 35% in 2017. Interestingly, it was during this period that BTC hit its all-time high price for that specific cycle.
In the subsequent cycle, a similar pattern was observed. The peak dominance for BTC was around 73%, and this was followed by a sharp fall back to 38% in 2021. This was the period when BTC reached a new all-time high.
ALT Coin Perspective:
Given these patterns and the cyclical nature of the crypto market, we expect to see a similar trend in this current cycle as well. We predict that BTC dominance will touch around 58%, before crashing back to the 40% range in 2025.
Furthermore, based on these projections and market analysis, we anticipate that BTC will hit a new all-time high in 2025. This is indeed positive news for altcoins. Historical data shows that whenever BTC dominance takes a hit, the alt season comes into play.
Therefore, with the 2025 bull run's alt season yet to start, we believe this presents a favorable opportunity to invest in altcoins.
Invest in ALTs now and HODL
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Cheers,
GreenCrypto
BTC/Bitcoin - 62K Before 72K ? Ascending Triangle PatternIt seems that BTC is forming an ascending triangle pattern. The price is currently moving towards the support zone, around 62K. If this support remains intact, we can anticipate the next target for the price to be in the 71K to 72K zone.
Considering the expected bull market after the recent bitcoin halving, it's highly probable that the support will hold, causing the price to rebound from the support zone.
If the support from the ascending triangle breaks, we could see the bitcoin price drop to the 60K zone.
We'll see how this develops. Stay tuned for more updates.
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Best,
GreenCrypto
buying 58-62k bitcoin is your moon shotmany htf levels and orderblocks linger in the 58-62k zone
we have a defined range high which has not been broken on this attempt
it seems likely we put in the next shoulder near the range low next
Bitcoin Long- Market Maker Sell Model Reversal.
- 6 swings down.
- USDT.D took out a major keylevel
- Looks like a logic reversal point at this level in the daily FVG after taking Sellside Liquidity.
Update on BTC DominanceBTC dominance is currently around its resistance line on 4H timeframe and it recently bounced back from the support level.
if btc breaks this resistance level we can expect the btc price to pump and ALTs to bleed.
im expecting the dominance to get rejected from the resistance level and hit the support again.
Lets wait and see
BTC - Scenario 1 or Scenario 2 or Worst Case ?#BTC/USDT #Analysis
Description
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+ BTC is currently trading around the support zone, and the support is holding strong. According to Scenario 1, I expect the price to bounce back from this support zone.
+ Scenario 2: If BTC loses this support, the next support is around 60K. If BTC reaches this support line, there is a chance of a price bounce back, but it will weaken the overall BTC trend.
+ Worst Case: If BTC drops below 60K, the worst-case support level is at 56K. We can expect the price to hit this support zone and potentially bounce back from it.
+ Let's see which scenario plays out.
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VectorAlgo Trade Details
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Entry Price: 66128
Stop Loss: 63500
------------------------------
Target 1: 67500
Target 2: 69500
Target 3: 71000
Target 4: 73000
------------------------------
Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin over the next couple of weeks - reaccumulation Price is in a reaccumulation period in wave 4 of wave (5). It seems to be a huge expanding flat pattern which is not done yet. Expect some swift moves to the up and down once last panic leg is done a huge move on a very high momentum towards $100k will ensue.
Bitcoin is going to shoot up to $112k+ in June / JulyAll details are drawn on the chart.
Basically BTC is in a huge bull market with a clear imbalance of demand and supply. There was 3-month long reaccumulation period at all time high of $69500 with all outstanding supply bought up. Price is gonna shoot up to $112k at minimum very swiftly.
BTC - A quick trade on bounce back!BINANCE:BTCUSDT (4H CHART) Technical Analysis Update
BTC is currently trading at $69595 and price recently had a sudden crash. currently the price is around the support zone and we are expecting a sudden bounce back from this support line. There is a strong resistance line around 71K-72K range and we will exit the trade at this range. We will have a new long trade once price breaks this range.
Entry level: $ 69575
Stop Loss Level: $ 68245
TakeProfit 1: $ 70790.25
TakeProfit 2: $ 71677.07
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
BTC - Will this retest hold ? BINANCE:BTCUSDT (4H CHART) Technical Analysis Update
BTC is currently trading at $63394 and price has retested after breaking out from the channel.
If this retest holds then we can expect the price to continue in bullish direction. We are confident the price will hold and bounce back successfully after the retest and this gives us a good opportunity for a long trade.
Entry level: $ 62600-66400
Stop Loss Level: $ 60900
TakeProfit 1: $ 65500
TakeProfit 2: $67700
TakeProfit 3: $69700
TakeProfit 4: $72800
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
[Bitcoin] Warning- crypto hype at its peak (euphoria)
- F&G index in extreme greed
- new ATH announced in mainstream media
- too many winners in the market for months
- vertical price rise since 40K
- momentum indicators in overbought zone for weeks
- several bearish divergences in TF4h
- downward trend in recent days
- the price action has broken its bullish oblique
- the renewed inflation will delay rate cuts
Happy Halving Onwards to 10 Trillion Market Cap - 731 Cycle
3.125 from 6.25.
We did not get the anticipated pre run I thought we would get. Although the start of the bull market from 20k - 64k has been good enough to accept.
We are now entering the final stages of the 731 cycle that can push Bitcoin to a price of 500k-2M USD
The halving drops at the perfect time where we have little days left to complete the 731 Cycle.
Bitcoin has now at todays date
223.77b Cumulative Spot Bitcoin ETF Volume
Spot ETF Total AUM $54.24B / Raw value of Bitcoins 847,500
From January 12, 2024, to April 20, 2024, an average of approximately 8,561 bitcoins were bought per day over the span of 99 days.
Before today the normal was 900 issued Bitcoin per day, after the next weeks
this is now 450 Bitcoin per day.
Bitcoin: Balance on Exchanges (Total) - All Exchanges 2,322,533
Minus Spot ETF and funds 1,272,533 Bitcoin left (not including how many aren't for sale we can't calculate this"
If the spot ETF continues buying Bitcoin at the current rate of 450 bitcoins per day, it would take approximately 2,828 days for most of the 1,272,533 bitcoins currently left on exchanges to be bought up.
At this rate if you do the math if the AUM starts to accelerate past 100B in the next months the Bitcoin price has to be over $100,000 to support this demand.
So what AUM level does $1,000,000 become reality? 2.07 Trillion. Possibly before as again I'm counting all of the supply on exchanges that "could be sold" lets say half of this is HODL and never to be sold? well you half the amount. 1.035 Trillion.
As of 2023 US has 21 Trillion USD in M2, Eurozone 16 Trillion USD, China 35 Trillion USD combined today this is over 100 Trillion when you consider the base money.
The Global bond market (not calculated) in the M2? USD 150 trillion FACE value as of 2022.
Derivatives on top of Bitcoin? forget it too much to compute.
Right in the cycle where people are calling for "a near term top" "the steam has left the engine" "the ETF's have slowed down".
Full steam ahead and shatter realities.
BTC - A look at 12H chart - Possible bounce back#BTC/USDT #Analysis
Description
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+ BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K.
+ It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the resistance line.
+ We'll consider initiating a long trade once the resistance breakout is confirmed.
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VectorAlgo Trade Details
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Entry Price: 73000
Stop Loss: 64000
------------------------------
Target 1: 77000
Target 2: 79000
Target 3: 82000
Target 4: 86000
------------------------------
Timeframe: 12H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Will BTC Support hold ? 50K or 80k #BTC/USDT #Analysis
Description
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+ BTC has experienced a significant correction from the 70k range.
+ Currently, the price is within its well-tested support range around 60K-63K. This support range has been tested three times, with each instance resulting in a successful rebound to its local high.
+ I anticipate a similar scenario unfolding this time. We can expect the price to consolidate within the current support range for a few days before potentially returning to the 70K range. This movement might coincide with the upcoming halving.
+ Overall, my outlook on the crypto market is bullish, and I expect BTC's price to rebound following the halving.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin Power Law (Completely Wrong)
Start of the bull cycle a new model comes out from "experts" who haven't been here for long.
Power Law Model promoting a top of $230,000 is exactly at the point where my research shows retail will capitulate / sell trying to find a top that fuels a rebuy mania.
There is no "Power Law" in Bitcoin, the slowed "diminishing returns" is due to the fact BTC has had cycles not plugged into the entire economy. Only retail could enter the markets previously with venture capital at the most (this is barely any capital).
An asset that has most likely 10,000,000 coins lost a 21,000,000 cap, a realised market cap of under 300B *when you adjust the lost / HODL amount*. Now a 50+ trillion bond market leaking due to inflation + a 70+ trillion US equity market.
The Spot ETF inflows are mainly from smaller funds and light retail, larger institutions balances are being approved to allocate as I post this.
Power Law? you don't start it when the history of Bitcoin is based on a P2P market, you start the Law when its now plugged into the global economy since 2024.
Where you "start" the power law matters
BTC needs a higher sustainable high.During public euphoria, bitcoin needs a sustainable high to maintain it's trend.
BTC - Another leg up and further correction to 60KAs you can see in the chart BTC is currently forming a channel pattern and price is currently bouncing back from the support line.
We can expect the price bounce back to continue till 66-67K range and then we can expect the reversal.
This reversal can continue until the support rang of 60K for BTC.
Let's see how it plays out. Stay tuned for more updated.
Cheers
GreenCrypto
[Bitcoin] next ATH: $82KUnlike the previous cycle, I expect a new bullish cycle with a single peak.
This is the result of a predictive model that I have been using successfully for several months (see my previous analyzes in TradingView).
Bitcoin Bearish Rising Wedge#BITCOIN Rising Wedge in Weekly RSI Chart
If Break down Then Ready for $45,000 Level.
Keep an eye on CRYPTOCAP:BTC Move
Bitcoin | BTC - Short Trade#BTC/USDT #Analysis
Description
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+ BTC is about to breakout from it's support zone, this breakout will push the price of the bitcoin further down.
+ This will be a good opportunity for us to enter a short trade and make some profits.
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VectorAlgo Trade Details
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Entry Price:66857
Stop Loss: 68812
------------------------------
Target 1: 65650
Target 2: 64839
Target 3: 63505
------------------------------
Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin - Pending BreakoutBitcoin is presently trading around its previous resistance level and has already surpassed its previous all-time high. This consolidation around the resistance zone is crucial for Bitcoin to gather enough energy to break out from the resistance. Once the price breaks out, I expect it to easily reach $75,000, then retrace back to support (the previous resistance of $70,000), and then bounce back again. Overall, Bitcoin is appearing bullish. While there is a chance of Bitcoin being rejected from the resistance, the likelihood of that happening is very slim.
Stay tuned for more updates.
Best Regards,
VectorAlgo
