$BTC looks good. Another $ call on direction. What now?CRYPTOCAP:BTC is PUSHING over 1k at the moment.
#bitcoin volume is HEALTHY as well.
We called the short term top BEFORE it happened.
We called "bottom" BEFORE it happened.
28k is going to be tough but in my opinion it will eventually break.
Also said CRYPTOCAP:ETH was waking up. Moving a bit last couple days.
For some time stated that #altcoins looked weak. BEFORE all the fud.
That's why, PERSONALLY, been doing mostly leveraged #BTC & #memecoins.
BTCUSDM2025 trade ideas
Bitcoin : The bulls in controll again ?After i published an analysis on bitcoin lately and the possibility of visiting that green zone arround 24k $ before going up again, that made a huge polarity line opportunity right there as the market is leaving the green zone to face 30k level again. also as statted before on the 3 months timeframe, bitcoin is bullish on the long run and going back to ATH wont be that easy and fast, however, now it is clear that on midterm vision, new investors are getting involved in the move, is it part of a bigger correction ? if the level of 30k is left behind this time, this would rarely be considered as a correction, claiming a wall of worry instead !
Daily Bitcoin Analysis - Long-Term PerspectiveWhen examining the daily timeframe, it becomes evident that a bearish structure has been in place since the rejection at 31.1k on April 14th. We can observe a consistent pattern of lower highs and lower lows, with another rejection occurring around the local resistance level of 29.1k - 28.2k on May 30th.
The resistance from the previous timeframe at 27.1k - 27.7k will likely keep the price suppressed, as breaking above the 29k mark is necessary to establish a clean daily break of the bearish structure.
Even if there is a rejection around 28.8k, which might initially seem bullish, it would still fall within the current bearish structure as a lower high. This would likely be followed by a lower low, dipping below the main support and resistance level at 25.2k - 24.4k.
Should the price movement go below 24.4k, the aforementioned support and resistance level would revert to becoming the main resistance. This would potentially make the CME Gap from March at 21.1k - 20.3k an enticing target for filling.
In summary, breaking above the local resistance at 29.1k is necessary to establish a bullish structure. Any levels below this mark are still considered part of the bearish structure. A retracement towards 24.4k is likely, which will be the primary level to hold. A breakdown below this level would create a new trading range between 25.2k - 20.3k.
Please note that cryptocurrency markets are highly volatile and subject to rapid changes. It's important to monitor the market closely and consider multiple factors before making any trading decisions
Association of small and medium crypto exchanges in South Korea On June 20th, the Korean Virtual Assets Exchange Association (VXA) announced on the 20th that it has sent 12 domestic commercial banks, local banks, and online banks that have not signed real-name deposit and withdrawal account contracts with virtual asset exchanges. The due diligence application for signing the real-name account contract was completed. The request includes a request to investigate real-name account contracts with virtual currency exchanges to ensure fair trade order and expand consumer rights.
BTC Long, Market Shift? Volatility expectedMinor update to the previous idea.
BlackRock BTC Trust could change things, makes me wonder if they change their mind on whether it's ESG compliant.
This trade is more of a double-edged sword that is more profitable in longing for volatility rather than direction considering market forces at the moment. Expect at least a +- 20% price swing. Either we break through the first resistance band of 27k-32k and continue forward with a close above 26k today, or we drop to close the previous gap from 21.8k -20.8k with a close never reaching over 27.4k.
For now, we are at risk of seeing 20k considering current prices are under 27.4k and the sp500 being this overbought in the short term that could drag btc with it if a bull trap is in place in tradFi (not confirmed yet, mean rev. signals won't work). Overall, I'm bullish on BTC short term (possible that it could make a run up before sp500 contracts), and still remain bearish on SP500 long term (might switch to neutral if the west releases dependence on its manufacturing base toward China/the east, and innovation continues in the tech sector). Altcoins might not be able to catch up with BTC on the upswing, but most likely on the downswing if it so happens.
Trades:
Long #1
Entry: 26k
SL: 24k
TP: 34.5k, 40k
Long #2
Entry:20k
SL:18k
TP: 34k, 40k
Short
Entry: 26k
SL: 29k
TP:22k, 21k, 19k
Bitcoin intraday looks VERY GOOD!!!Super BULLISH for $BTC!!!!!!!
1Hr & 4Hr show very GOOD VOLUME.
Shorts still piling on & #BTC just keeps going higher.
This is VERY GOOD IMO!
#bitcoin could get to 28K!
Return would be 12% from buy zone (@ 10X Lev).
To get ton more data & frequent check our profile.
#crypto
$BTC showing great resolve atmGREAT NEWS for $BTC!
#BTC buy volume came in on that dip a few minutes ago
(Looks like shorts were part of that - they could be hurting soon if they don't cover)
Intraday the "long term" down trend is still there BUT now is a good a chance as any for it to end.
Furthermore, #bitcoin daily broke up trend. HOWEVER, weekly, depending on where we close today it can stay intact.
#crypto
Wait for the gap to fill then LONG it (i.e. time to SHORT now)Simple and straight forward. Wait till the CME futures gap is filled (around 20k), then long the crap out of btc.
In the meantime feel free to short it!! Just be careful, actual btc may not drop as low while futures may do a very quick dip to 20k area before bouncing hard. Close to bottom is better than exact bottom of the dip.
Cheers!
Bitcoin analysis using Chaikin Money FlowCRYPTOCAP:BTC Chaikin Money Flow is INTERESTING indeed!
You can tell when the top was forming.
Since then that top, we did call it, #BTC has struggled pretty bad with small pumps here and there.
However, look @ it now
CMF has been creeping higher, slowly.
We could be very close to a #bitcoin bottom.
Want to see CMF north of Zero.
Let's proceed with intraday data.
Focus on Blue Box for CRYPTOCAP:BTC
Left side:
CMF cratered, showed warning signs early on, close to top.
We did warn before it happened, it was tough area for #BTC to break through. It used to be staunch support (now it's turned to resistance).
Right side:
That's a nice pump for #BTC CMF in such a small time frame, interesting indeed
Hourly
#Bitcoin shows ray of hope.
$BTC @ IMPORTANT junctionWe're @ an important junction for #BTC.
MAJOR SUPPORT is all over the current area.
The following charts show how CRYPTOCAP:BTC has reacted historically in the area.
2022 many tries but didn't break out
Eventually in 2023, after a few tries, it would break out.
It then acted as support in March & currently.
Going further back:
Dec 2020 was the only instance where it faced this area
It broke out and didn't look back.
CRYPTOCAP:BTC sold off and bounced in May 2022.
However, next time it didn't even pause on the break down.
As mentioned before, #BTC couldn't break back above all of 2022.
The 24-25k area is VERY IMPORTANT for #Bitcoin
Back to NOW:
Intraday has some buying, need bounce SOON
Bitcoin Falling WEDGE!CME:BTC1!
CRYPTOCAP:BTC is still in the falling wedge we have been following for a while now.
For Long Ideas: We are waiting for reaction in highlighted Zone 24k to 25.6k for possible target to 30k to 31k zone.
For Short Ideas: Waiting on bearish retest of the same Zone and possible targets are 21k, 20k zones.
Today FOMC Interest Rate Decision data comes out at 14:30 EST. Previous 5.25 Forecast 5.25.
On larger time frames these events have smaller impact. Scalping ideas can plan for the volatility on lower time frames.
200D MA must hold to prevent further downside.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
$BTC @ do or die levels, Bull can still be alive but hurtingCRYPTOCAP:BTC has been @ #2 for a while now
There's nothing to see on the 4Hr chart so went to 1HR
We're beginning to see POSITIVE Divergence on the Relative Strength Index
(Date that is important)
The 25kish area for #BTC is VERY IMPORTANT
If #Bitcoin closes under it that's not good
Could go as low as the Gap Fill
Shorts have tons of ammo if they need it
#crypto
BTC CME futures makes me expect more dumpingI had these levels from weeks ago, I had highlighted the liquidity gaps, first one was already filled but the next one it's a big one which includes a classic liquidity gap + a gap created by CME closure.
Historically speaking the closing gaps are always filled, moreover the zone over that it's basically a liquidity gap on daily, on the 4h it contains 2 different liquidity gaps.
I keep being bearish because, despite people calling the bottom in I don't see much bullishness around, however I suggest everyone to find what you wanna buy and start DCAing because, for experience, you recognize the bottom when it's too late!
Short 26000 05.05.2023 (eng)Any phase of the market, no matter how long it lasts, ends
A hell of a long and exhausting trade
The time has finally come.
I opened Short of 05.05.2023 18.59 at the price of 26.000
The previous Long of 06.01.2023 closed at +53% without the use of leverage
Let's see what surprises the market is preparing for us this time
It's about POWER, not regulation, $BTC still in pattern!!!Haven't seen 1 account speak on what we've said for about 2 years now, in reference to gov & #CBDC and them not liking competition
NOT 1
Many #CEXs have asked for guidance & what have they received? NOTHING!
This is NOT about #crypto protection!
This is about CONTROL!
#DEX #BTC #GOLD #SILVER
ANYWAY
CRYPTOCAP:BTC still looks good.
Pattern we highlighted some time ago is STILL in PLACE.
Picked some #BTC up after hours last night.
Check the BUYS on 4Hr chart.
Shorts were not heavy so this is outright BUYING!
#Bitcoin still looks good imo!
#crypto
Bitcoin Flag!CME:BTC1!
CRYPTOCAP:BTC is printing a falling wedge on 1D and looks like possible retest at pullback area 25.2k.
On the 12h the wedge looks like a bearish retest of the Head & Shoulders which can be viewed here: tinyurl.com
You don't have to be in a trade. Let Price show you and execute your edge.
Waiting for direction with Plan A Plan B in place.
Potential for:
Long:
Breakout of wedge with target to 31k
Bullish Retest of 25.2k zone
Short:
Bearish Retest of 25.2k with possible target to 21.5k area near the Gap between 20330 and 21110
Breakdown of current level and bearish retest for move to and breakdown of 25.2k level.
200D MA must hold to prevent further downside.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.