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the last mileHere we are tracking the ending of a 'C' leg in the 4th wave retrace (invalidation for sellers comes into play with 50,130 because it will mean the move is impulsive rather than corrective). Expecting sellers to step in here with risk storming the base for August, the next leg down would mean the lows are no longer protected via the meme prince. Elon now uncovered and exposed if we breakdown, we may witness the nuts being squeezed. In case of any doubts recommend reviewing the macro chart as flows are a lot clearer. A breakout on the log chart unlocked the impulsive 3rd leg where we ticked $50-60,000 which constitutes the necessary target. We are now on our way back to the original blockade via increased regulatory pressures.
BITMEX:BTCUSD.PShort
by ridethepig
16
Bitcoin Like I said three months ago, we are going to have a prolonged flat, from which we will go up. The timing was almost exactly as predicted. As we saw in this flat, there was a bearish sentiment amongst many and the upward momentum was triggered by the fake news about Amazon. On the chart we can see how we did not break the resistance line the first time, we have corrected and now we have broken this line, we need to consolidate above this support line to continue rising. To reach the 47-51k zone Why this particular range? 1. This is the 50-61.8% Fibonacci level; 2.there is the neck line of the global head and shoulders pattern; 3. large horizontal volumes. I assume that in this range we will hustle for 2-3 weeks, form some kind of fake upward continuation pattern and at the most responsible moment we may go down. Over 2-3 weeks of flat, I think some alts will make good moves. Be careful of short positions, now it is fuel for growth. Best regards EXCAVO
by EXCAVO
39
Bitcoin Start the uptrend The penetration in the node that determined the continuation of the long ascent was done and we accepted the analysis error, only the drop to 29K occurred and intensified with the positive news of the ascent to easily leave the resistance behind. In the 4-hour time frame, three shopping points are given, which can be entered on the pullback. You can not enter the first step, or if you want to enter, do it very lightly. At the daily timeframe, if the pullback does not hit, wait until the candle above $46700 closes and buy with a suitable trigger as a step
Long
by DarkAnalyzer
1
Bitcoin | Make it or Break it..!!#BTC (Update) In Daily timeframe Chart, Bitcoin is testing Another Trendline Resistance & 200-Days Moving Average (44.8k) In 12H timeframe, RSI is Printing Classical Bearish Divergence, Not a Good Sign While It's Facing Key Resistance Area. $44444 is the "Make it or Break it Level" for Bitcoin. If Daily Candle Closed Above the MA200 (44.8k), Expecting Descending Chanel Breakout & Bitcoin Might Retest It's Previous ATH (61k). In Bearish Case, If Bitcoin Bulls Failed to Clear the MA200 Resistance, Bitcoin Might Retest the 38k Range. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
3
Bitcoin Reaches 80 Day High, But 200 Day MA May Cause Rejection-BTC has revived nearly 55% off its low -Price has just kissed the 200 day MA -A long term trend line may cause rejection Bitcoin has finally broke out of its 2 month range that bears has continuously kept price within. This is a great sign for the overall crypto market as the majority of coins have followed BTC’s lead and have revived strong off their lows. But, before we can say the market is in the complete clear, BTC still has important marks to break & hold. Many anticipate new ATH this year but there is also a bunch of others who believe this a dead cat bounce for the markets, setting the stage for a drop to low $20,000s. BTC held the $30,000 support multiple times as bulls were always there to gobble prices back up. This provided a launchpad for BTC to rise $15,000 in nearly 3 weeks. At the time of writing, BTC is getting rejected at a long term trend line that has held prices down since the ATH was set. BTC must clear over this to technically be in a complete uptrend. Along with this trend lies the 200 Day MA. Price has been stuck under this MA for over 2 months & bulls must clear this to be in a safe state. There is also a major resistance of $44,700 that must clear along with the two other marks. 

 If BTC fails to clear over these 3 important marks, price will retrace back to minor support of $42,500. This seems like the likely scenario as of now. If this minor support fails to hold BTC, further downside will occur once price breaks below the short term trend line. This will confirm a slight bearish trend is in place & BTC will likely go down to retest somewhere within its major support zone of $37,800-$40,200. 

 While looking at the Relative Strength Index, we can see that strength peaked into the overbought territory 2 different times the last week. Unfortunately, while BTC just hit near 45k, the strength printed a lower high than its previous push to $42.5k. This is called a bearish divergence and they are highly accurate within the crypto space. The Stochastic RSI did the exact same thing as it printed a lower high than before. Both indicators have a bearish divergence & this will likely cause a retrace to occur. 

BTC Intraday Analysis Spot rate: $44,000 Trend: Bullish Volatility: High Support: $42,500 Resistance: $44,700
by CoinGape
1
Bitcoin (BTC) • Bulls be careful out there. It might get ugly!Bitcoin is currently widely claimed as back to the bull market by popular youtubers that are calling the bottom and that are 100% long. On top of that we have a bubble popping out with a boom of Glassnode analysts selling millions of newsletters with in-chain data that everyone sees. "Institutions are buying/accumulating" This is alarming to me. I tend to believe that Price (and volumes) is truth. That is why I'm also a big of Friedrich Hayek's "The Use of Knowledge in Society" where he notes the importance of the Price System in a decentralised network. Bitcoin still trading bellow the 47k range and above 35k which to me signal we are in neutral territory. But I have reason to change my stance and become more bearish because of weird price action and volumes coming out of spot and forward contract futures. Check the video for my latest thoughts and remember that his is all my subjective interpretation. Use information in the video to help develop your own critical around these things. It's not about being contrarian or just follow what everyone (including me) says but to arm yourself with mental models. Navigate trough uncertainty or probability and develop your own thesis and sub-consequent plan.
INDEX:BTCUSD
by D7R
26
Bitcoin Ready for New All Time High ,..?#BTCUSDT TA update:- $BTC currently trading at $43400 And now trading above strong support level. So I am expecting next upward move toward $49000 and $59000 So BTC must be hold $40700 strong support level. And As per our last update BTC also tested $38000 Now keep an eye on my levels:- Support:- $40700/$34800 Resistance:- $49000/$59257 Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
INDEX:BTCUSDLong
by CryptoPatel
8
Is Bitcoin Getting Ready for Another Huge Breakout?#BTC (Update) In daily timeframe Chart, Bitcoin Has been Moving in Descending Channel from last 5 Months. From last Few Days, Bitcoin Bulls are in Complete Control & Doing Outstanding Job. At the Moment, Bitcoin is heading towards the Crucial Resistance (44k), If Bulls Break this Resistance With Strong Volume, Expecting Huge Bullish Wave in Midterm. In Worst Case, If Bitcoin Bulls lost the EMA200 (38.7k) then Bitcoin Might Retest the 30-32k Support Area.. 📍I'm Bullish On Bitcoin & Waiting for Breakout, Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER.. In Weekly timeframe, Bitcoin Bulls Breaking the 41k Horizontal Resistance, If Weekly candle Closed Above it, Expecting Bullish Wave Towards the 60k in Coming Weeks. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
13
ETHXBT Expected to Re-Test 0.07Trend Analysis The main view of this trade idea is on the 15-Min . The Crypto Cross ETHXBT held support around the 0.068 price level and is now 1.8% higher. Expectations are for ETHXBT to trend higher back towards the 0.07 price level, 1.1% away from current levels. A close below 0.068 support indicates a change in trend. Technical Indicators ETHXBT remains above its long term (165-SMA) moving average as support held around the 0.068 price level. The Awesome Oscillator (AO) produced a buy signal as there was higher price movements after the third green bar of the AO. Also there was a price close above the high of the fractal, which is another positive sign. Indeed, there are buy signals in other timeframes in ETHXBT, supporting the bullish view on the crypto cross. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 0.068 price level and a target of 0.07. This produces a risk-reward ratio of 2.09. Conditions can change after the publishing of this note which will change the abovementioned bullish view. This will include a red bar in the AO, a close below the long term moving average as well as signals in other timeframes changing from buy to sell. Thus conditions should be monitored as the position is opened. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Long
by Ceddy86
Buy-n-Hodl - Never Sell Bitcoin (1block/10min + 🌋 ∞/21M)Spot volumes and books suggesting strong accumulation. Futures are also showing tremendous interest at these price rages. Good odds we have bottomed out. As such looking like good place to buy spot before major break or retest of the 45k-50k. I personally don't like these long term projections because I'm more a trend and price structure kind of guy. As of now things are looking great. Bitcoin eventually will pass $1M mark. TA 👉 1 Block every 10 Minutes + 🌋 ∞/21M Taking a long-term hodl buy here. If it goes another leg down that is a grace from gods and keep buying on next relevant support ranges. Bitcoin can only go up. It's has been for 12 years and it is not going to change. UP ONLY. I strongly recommend a weekly Dollar Cost Average into Bitcoin. When price see a pullback that looks this good it is time step-up that accumulation. $BTC 🆂🅴🅽🅳
FTX:BTCUSDLong
by D7R
8