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ATH

BTC ANALYSISBTC just broke its trendline and is now consolidating near the $60k-61k zone. The first possible move is to consolidate in this zone and then rise towards its ATH after accumulation is complete. The second option is to take a liquidity dip into $58.5k-$57.5k and then bounce back towards the ATH. If you look closely at the chart, you can see that BTC is going to enter the Ichimoku Cloud, which indicates that consolidation is on the way. In either case, the Alt Coins will benefit. So its good time to accumulate major ALT's too. I'd suggest accumulating BTC in parts during consolidation or on a dip. ALT's that have bottomed out or retraced should also be accumulated. Dollar Cost Averaging would be the best technique in order to invest now.
Long
by TradeHunterrr99
1
SP500 ready for a new ATH 🦐 SP500 after our previous analysis reached as expected the previous ath. The market is now trading below a resistance and according to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SPX500USDLong
by InkyGrip
16
$BTC/USD: Moon Trading & Technical AnalysisAs we can see, Bitcoin has to overcome two more supports on the Fibonacci retracement before truly and strongly going to higher scenarios. The current daily candlestick is breaking down with a massive volume over the average which means the big players and whales are involved in this particular price. The market doesn't want the price to go higher just yet. There is a little bit of manipulation as well as a psychological response from the overal market to the new ATH. I don't advice to go long unless you are buying in the area below 20 level on the RSI. At least, in my trading plan this always works. Once the RSI is on below 20 and Bitcoin is rejecting the Fibonacci retracement's supports, I am going long very hard. Not financial advice, but for educational purposes only, always do your own diligent research. Peace! Be safe and profitable!
COINBASE:BTCUSDShort
by nicolashuljich
4
Is 73k a possible top?? Confluence is showing this possibilityAfter breaking the ATH it is evident that this is no longer an ABC correction as it had finished at 28.8k as a likely Wave 4 on the macro. Now a possible ending 5 Wave on the macro or a possible newer Wave 3 is in play. While trying to look for a new target there is a lot of confluence in both the 1W time frame and the 4H time frame that points to the 73k area. An explanation to what I'm showing: - The top-left chart shows the diminishing return logarithmic curve that has been show by many and has proven over the history of bitcoin and is currently its strongest resistance. The price is approaching this area again and if hits before this Weekly candle or the next it will hit around 73k. - This to me is the strongest example of thinking 73k could be a top just because this log curve has the longest history of all shown here. - The bottom-left chart shows the current macro Elliot Wave (I currently think after breaking the ATH today we are in Wave 5 now) and a possible fractal that shows the current target. - Wave 5 could possibly be over now as the 0.618 has been hit, but for me when I do Elliot Waves I always will believe the 0.786 to be the MAX target for a 5 wave - What is interesting here is the similarities of the 42k -> 28.7k -> 58.4k move of the past compared to the current move from 53k -> 39.6k to our current price now. It does show a bit better on a Daily chart. - Pulling out a fractal of the past and matching with with the present as shown does target the 73k area as well. This is between the 0.618 & 0.786 so have to believe this as a possibility as well - The top-right chart shows the current 4H Elliot Wave. Though this could be interpreted differently, it does appear to me that we are in Wave 5 on that time frame and it as well has a target of ~73k which is the golden pocket area. - The bottom-right chart shows the 4H on a log chart. I have created a log curve of the entire 53k retrace to 39.6k and the current move up. I look to this as a possible timing as to when approx. the 73k top may occur and the start of the possible fallout that may be following but is pure speculation. I do these curves as they are good at finding reversals. If this is true then bitcoin will be due for a very long-term bear market as a large A,B,C style correction will be likely to follow. I do not have targets yet as I rather see this play out first, especially because breaking the ATH changes all my prior targets. What would invalidate what I am showing here is a break of 77k (a Weekly close not a wick) which would break the 0.786 of the Wave 5. If that happens then my opinion would be we are in Wave 3 of a new bullish impulse and a higher ATH will come. I myself am bearish towards the 100k narrative so I feel this is quite probable. I do believe though that a new possible ATH at 73k will take some time for any long-term bearish target to hit as this current move that started at 29k will take time to distribute. Plus, looking on the Daily RSI it shows no bearish divergences as of yet, even broke 75 which has been resisting for some time now. I would say a bounce from an initial drop would be above or around 50k and then we would have to re-evaluate once we see what the next move is as even a 73k top could be a possible Wave 3 too. Would not be surprised to see a new Wyckoff distribution happening also, even if this is a Wave 3. Always have to be mindful of that as this is the type of scenario where they can trap a lot of bullish retail buyers in the end. Either way things have gotten far more interesting for bitcoin in the coming weeks and months... ***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
BNC:BLX
by WITSIT
2
BTC Short TradeFirst of, I'd like to congratulate y'all for the new ATH on BYBIT:BTCUSD . I remember some time ago people were saying 30k BTC meant the end for crypto. Well look at where we are at now! Now, let's continue with the short idea I have for today. First of, let me say I'll play with little money since I dont like BTC is pinning the 50 EMA showing support there. Though, I think a retrace is really likely to happen looking the previous fractals, EMA's and price action. The entry is exactly in a high volume candle (these candles usually get recovered and price is used to bounce off those points). The Take Profit will be the 200 EMA, so pay attention, don't sleep with the trade opened! Or maybe yes, but leave an alert when price touches the 200 EMA! I hope this trade goes well for us so that we make some money :P Once again, congratulations for the new ATH on BTC!
Short
by chutireality
A for The e-tHotA+ for the effort and a big shout out to the online "those hoes over there" that will do whatever it takes to get them and their crypto junkie digital blockchain princess hoemies back to the TOP. let us never forget what its like to chase the dead cats up up and away from writing bad cheques. thats right my friends, WELCOME TO THE NEW WORLD ALL TIME HIGH ORDER! celebrations aside, please always remember CIVILIZED NON-CONSENT and SOCIAL DISOBEDIENCE is the only way to bring these new found gains to the citadel. i love each and every one of you. but collectively, i hate you all. <3 "when you make money, you go crazy. when i go crazy, i make money. the biggest difference between us is that you love me, and i hate you."
BYBIT:ETHUSD.PLong
by iamcatface
BTCUSDT daily channel formed and price is touching resistanceAs we can see the price now is in the daily ascending channel and now is receiving channel resistance and ATH resistance both at the same time and we can expect correction and a little rest here, after that expected pump from 40k support: Notice: possible targets for new ATH if any breakout here happened also mentioned on the chart with price label and fib levels. DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
45