Chart Pattern Analysis of Bitcoin K2 is a bullish hammer candle, It verified the potential support, And K3 verified that the supply pressure decreased. So, it is possible that the following candles price up to test or break up the nearest resistance. It is not easy to take profit from this market.by nothingchangehere2
Bitcoin will go up sharplybitcoin has had a scary fall; everyone is thinking now that bitcoin will go on to break new low. But my algorithm is saying bitcoin will go up sharply from here. I had guided my people to the downside target and now that target is hit and bitcoin has gapped up. Now i think we will continue going up The target is menthioned in the chartLongby EIP-EverythingIsPlanned2
Bitcoin CME Futures focused on the potential top at 112,125Current Situation: The futures are trading at 60,885, down 4,800 points or 7.31%. This indicates a significant short-term correction. Fibonacci Levels: The chart shows several key Fibonacci levels, with the 2.618 extension at 112,125. This level is identified as a potential top for this cycle. Price Projections: The chart projects a bullish scenario with Bitcoin potentially reaching the 112,125 level (2.618 Fibonacci extension). There's an even higher projection to 135,765 (3.618 Fibonacci extension), but this seems less likely in the near term. Current Trend: Despite the recent pullback, the overall trend remains bullish. The price has been making higher highs and higher lows over the past few months. Support Levels: Immediate support is around the 0.5 Fibonacci retracement at 64,840. A stronger support lies at the 0 Fibonacci level at 50,225. Volume: Current trading volume is 110.51K, indicating significant market activity during this correction. Seasonal Patterns: September has historically been a weak month for Bitcoin (-5.97% average). October and November tend to be stronger (18.62% and -4.20% averages respectively). Historical Performance: Bitcoin has shown extreme volatility in past years, with both significant gains and losses across different months. Potential Scenarios: a) Bullish: If support holds, Bitcoin could resume its uptrend towards the 112,125 level. b) Bearish: A break below key support levels could lead to a deeper correction before any attempt at reaching new highs. Conclusion: The 112,125 level (2.618 Fibonacci extension) appears to be a reasonable target for Bitcoin's current bullish cycle. However, reaching this level is not guaranteed and depends on various factors: Market sentiment and adoption rates Regulatory developments Macroeconomic conditions Technical support levels holding during corrections Investors should be aware that while the potential for reaching 112,125 exists, Bitcoin's notorious volatility means that significant pullbacks can occur along the way. Risk management and careful position sizing are crucial when trading or investing in such a volatile asset. The current correction and historically weak September performance suggest caution in the short term. However, if seasonal patterns hold, a stronger performance in Q4 could support a move towards the 112,125 target. As always, traders and investors should conduct their own research and consider their risk tolerance before making any investment decisions.Longby curtischangTW1
$BTC bearish indicator pointing towards the $40,000 level. Current trend: The chart indicates a bearish trend in the short term, with the price currently at $56,685, down 6.03% for the week. Historical patterns: The chart shows significant volatility over the years, with notable bull runs in 2020 and 2021, followed by a bearish 2022. Seasonality: There's a pattern of strong performance in Q4, particularly in October and November, across multiple years. 2024 performance: Bitcoin started strong in 2024, with substantial gains in January (46.58%) and February (13.97%), but has shown weakness in recent months. Key levels: The $56,895 level appears to be a significant support/resistance level that the price is currently testing. Volume: Trading volume has been relatively consistent, with some spikes correlating with major price movements. Future outlook: The chart suggests a potential further downside, with a bearish indicator pointing towards the $40,000 level. Comparison to previous years: The current year's pattern differs from historical trends, showing strength in early months rather than later. Shortby curtischangTWUpdated 2
BTC CME Futures Chart Update - Aug 9 2024Just as what was predicted, BTC moved to fill the gap area in 59,400 - 62,400 one. in the upcoming days we need to observe BTC's reaction to this gap area.by AlgoBotTrading0
Happy Gap Day!This feels so satisfying and I don't know why. Anyways, Bitcoin gapped up in July and then gapped down to fill that gap in August creating a new gap. And now we bounced back and filled that gap. Just to spell it out😂by SunnyRainPo0
BTC SELLRetail double top pattern forming, New York reversal trade setup. This could yield a potential gain of 100 ticks.Shortby WHYUCAMPING0
Bitcoin Correctoion Up Is Possible#trading_idea 💡 💸# Bitcoin - Breakout Up is Possible Following a significant correction, Bitcoin isn't showing clear signs of a definitive trend. Market experts and participants are divided on the cryptocurrency's future direction. There is speculation that the key resistance level might be breached soon. The price is being squeezed towards this level, with the RSI holding above the 50 line. The current 26% correction mirrors a past scenario when Bitcoin dropped from $650 to $474, a 27% decline, before surging to $790. Corrections after halving events in the last two cycles suggest that new all-time highs during bullish rallies are often reached several weeks post-halving. This historical context provides some optimism 🔼 If the price goes up to resistance 57296 the further rise to 59995 is possible. 🔽 Otherwise, a return to the support at 55014 is likely with next target at 51222. 😎 Hit "👍" if you foresee the price will rise and "👎" if you foresee it dropping.Longby sabiotrade0
CME gap still not closed! Expect uptake of price and more ATH Increadibly, CME is still open now with a secondary formation because of bitcoin volatility The gap is marked with the orange box with range 59,445 and 62,470 Extremily possible that price will need to go there, so big players do not lose money Another evidence that price will go there, is that the price of bitcoin is finishing a flag pattern Target of bull flag is around 85,000 usd per CRYPTOCAP:BTCLongby CCCLopes222
BTC CME Futures chart update - Aug 6 2024Just as what we anticipated weeks ago, the Gap in BTC's chart (58,790 - 60,845 zone) got partially filled. Since it was the weekend and #BTC had a big downward move, another Gap is formed in 59,300 - 62,400 zone which will probably get filled as well. Gaps act as Support/Resistance zones and since the new Gap is above the candles, it is considered a resistance zone and we can expect to see another sell pressure as BTC reaches this zone. If BTC manages to push above 62,400 level, targets of higher levels will be activated.by AlgoBotTrading0
$BTC is about to do something like this? If a black swan occurs this month, #bitcoin #btcusd price follow the path i revealed on the chart according to CME #bitcoin futures GAP downside! Not financial advice. by naphyse3
Bitcoin - Reversal is imminent - CME Future Gaps#BTC/USDT #Analysis Description --------------------------------------------------------------- + It's unusual to see consecutive unfilled CME futures gaps, but recent market volatility has created just that scenario. Historically, CME gaps tend to be filled sooner or later, and current market conditions suggest that prices may be heading directly towards these gaps. + The appearance of two consecutive unfilled gaps is a rare occurrence. Given the strong historical tendency for these gaps to be filled, it’s likely that the market will attempt to revisit these levels. + The recent bounce from support has been robust, indicating strong upward momentum. This move bolsters confidence that the gaps will be filled in the coming weeks, especially as traders and investors often target these areas. + With the current price action showing strength after the bounce, it seems increasingly probable that the price is headed towards the gaps. If this momentum continues, we could see these gaps filled relatively soon. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 57000 Stop Loss: 50000 ------------------------------ Target 1: 59900 Target 2: 61000 Target 3: 65000 Target 4: 70000 ------------------------------ 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, VectorAlgoLongby VectorAlgo2
BTC end of wave 4Looking for this idea to see the end of the wave 4 correction at around 40k and the continue to make a new ATHby AlgoFM0
$BTC1! Fib Simulation of Fractal (UPD)Perceiving the price action as a function of trading time justifies the quantitative approach in drawing geometric relationship between phases of cycles. Hence, it's safe for me to assume that market is a time fractal which has its own path regardless the collective opinions of the market participants. Logistic curve that reflects well the speed of information spreading made me ignore the voices of masses. The principle aligns with EMH - that the condition of the market is already reflected in the current price. Impulsive and corrective waves are governed by golden rule in one way or the other. That's why I used fibonacci channels to build predictive models which reflect the interconnectedness of composite fractals to the whole cycle. By measuring the extreme levels of historic wave, the derived fibonacci channels exposed the timing, size and probability levels of the next ones. In regular TA, people are wrongfully focused on covering their immediate expectations from the market, analyzing a narrow data range of the chart. Whereas, Fractal Analysis graphically shows how current price is interconnected with the entire history of fluctuations in a single probabilistic map. In this update I fused earlier discovered structures and boundaries to the chart Added more series of fib ratios derived from white triangle (src 0;1) Linear boundaries of macro-fractal: Implementation of fibs with big time Intervals: As violet Fibs: Other observations: We're in a big triangle derived by linear extension 2021 tops and Full cycle (COVID - 2022 LOWS) Source: Implementation: (On interactive chart it darkens till intersection)by fract1160
BTC H1 Chart IdeaFor a good and slow recovery, BTC should at least retrace to this level before filling up the CME gap.by Lonesome111
BTC CME 2 Day Points of interest $49K low coming?!?I have back tested this and there are 4 downward points of interest, all the wat down to 32K!! Don't think 32 will happen , but never retested. The white circles are where I have buys in, I do think that the low will be a kiss down to the circle between the 6.18 and the 7.86, the previous high before this run has never been tested either. when the market runs up fast and high then its has a long way down for a retest, otheise the yop will come too early look at 200 & 50 MA alsoShortby ChefrustyUpdated 221
BTCIt seems to me that the fall is not over. Therefore, now everything looks locally on the rise, and then the continuation of the fall. The goal is still 39-44k, and there is already the end of this whole fallby Crypt0Hunterrr112
🅱️ Bitcoin 8-10X SHORT Confirmed (Up To 555% Potential)➖ This is now a high probability trade-setup. ➖ The bearish potential is very strong. ➖ The down-move has a high probability to happen next. This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change. We have three days red; first time since January. We are about to enter Aries. Bitcoin is about to crash. The correction is good and welcome and opens an opportunity to buy again, buy-back lower and for new players to join us. 👉 It will go down only temporarily, based on the chart and historical data, and then resume going up. 👉 We are set to experience huge growth in 2025 and 2024 for the Cryptocurrency market and Bitcoin. Thanks a lot for your support. Namaste.Shortby AlanSantanaUpdated 7070122
Bitcoin CME Reversal Coming SoonWith Bitcoin Dropping to an RSI Low this year of 54 the market has become still super bullish because of the following: - Gap - Bullish Flag - SNR tested This is the perfect time to buy and ride the upcoming strong and sharp move to the upside. Monthly Chart Weekly Chart Longby amosjohndomingoUpdated 0
Let's update our #Bitcoin #CME 1D chart;Let's update our #Bitcoin #CME 1D chart; If you remember, I last shared a chart on 24.07.2024 that there could be a 30% decline on the Bitcoin side and that a Bullish formation structure would start from these levels. In the meantime, I have always voiced the danger of the gap it leaves behind as it rises. While filling the gap, it left a new gap at the same level (in the 60k band). We can consider this positive as it remains above. We can say that the decline is not yet complete and we could see another decline of around 12% from the current level due to the pullback.Shortby ugurtash0
BTC1! Weekly Futures - Patterns & TimeRange defined reversal and weekly expansion so far on bar #20 of the handle / bull flag consolidation. Long above short below or use lower time frame to reduce risk range. “May” see break out or down on bar #21(fib time). TV targets appear to use a 1 to 1 moves so I have included the cup and handle 61% bullish breakout measurement. The two cup rim swing highs are divergent which can at times show bias. Sentiment 1.37/1 Buyers to sellers. Best wishes and Happy Trading! by The_Obvious_WhaleUpdated 443
Bitcoin shortPrice has come to a major level of resistance and has broken 4H structure signaling a willingness to start breaking down. There is a large gap resting below that needs to be filled.Shortby RosebudzzUpdated 1
Bitcoin Fib Simulation Mid-termfibs are set to default mode: a - a.236 - a.382 - a.618 - a.786 - b - ... Previous mode: a - a.272 - a.414 - a.618 - b Current default mode has more units to cover group of patterns which contributes to higher visualization of logical consequence of fluctuations and interconnectedness of market volatility to the nature of fibonacci phenomenon. Any impulsive wave will be reflected at psychological levels of market which are in quantum state at Fibonacci intersections. Golden ratio always balances market out. Tilt from idea below based on 2 ATH chart can be recreated and derived from just one recent cycle covered with 3 directions of FC projecting the multi-target system out of critical points of fractal. For every action, there is an equal and opposite reaction.by fractUpdated 1111133