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Bitcoin-btcusd

Bitcoin: Impulse Break Now What?Bitcoin price has violated the wave i overlap that I have been writing about in previous weeks. This means the lower magnitude impulse structure is no longer valid and reduces the probability of a wave v higher in the near term (which is why I removed the labels from my chart). Based on this price action, I am anticipating the continuation of the complex consolidation that this market has been in since the peak in March. Since the long term trend is still bullish, it is a good idea to watch RANGE LOWS for bullish reversal opportunities in the coming weeks. The current momentum continues to be bearish. I wrote specifically about inside bars appearing the week before, and there are another two present as I write this (see arrow). These are momentum continuation patterns which means at least over the next couple of days prices are likely to test the 62K to 60K support zone (see illustration on chart). While situations like this may be uneventful for investors and larger time frame traders, there are ample opportunities on intraday time frames. My trade scanner alone has been excelling in this environment because of the reversal signals off of the supports. Having such a system or well defined strategy in place not only offers a clear suggestion on when to get in, but more importantly when to EXIT the market in this highly RANDOM environment. IF 60K is broken this week, it will increase the probability of a test of the consolidation low which is 56K. These are the kind of scenarios to consider when looking to increase your investment exposure. Again there is NO WAY to know if the market will choose this. This game has NOTHING to do with forecasting the future. It is about BEING PREPARED for a RANGE of possibilities that the market may present. While at the same time ALWAYS accounting for the associated RISK. Opinions often ruin accounts. It is better to evaluate then let the market validate, otherwise you REEVALUATE. This thought process is much more effective in a market environment for one simple reason: markets are MOSTLY RANDOM. I repeat this a lot and while the words are easy to understand, applying this concept to your decision making framework it not. Emotions, fear of missing out and other herd behaviors are what make you susceptible to the irrelevant opinions of others. The BEST source of market information is THE MARKET. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
13
BTC Bitcoin Technical Rebound SoonIf you haven`t sold BTC on this top: Then you need to know that Bitcoin is currently trading at $64,200, approaching the oversold territory on the RSI Relative Strength Index. Historically, when Bitcoin enters the oversold area on the RSI, it often experiences a technical rebound. The RSI is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100. An RSI below 30 is typically considered oversold, indicating that the asset may be undervalued and due for a rebound as buyers step in to take advantage of lower prices.
Long
by TopgOptions
BITCOIN Is it just a giant Cup and Handle that we couldn't see??Bitcoin (BTCUSD) on the 1W time-frame resembles a giant Cup and Handle (C&H) pattern started from the top of the previous Bull Cycle. Even though this is a valid technical pattern, it may have gone ignored by some as traders tend to focus either on shorter term price action or cyclical structures that are often repeated from Cycle to Cycle. It is undeniable though that the C&H principles are applied on this chart almost to the last little detail and the pattern is now in the process of completing its Handle, in the form of a Channel Down. How low can it go before completed, largely depends (in our opinion) on which of the following MA periods will hold: the 1D MA200 (red trend-line) or the 1W MA50 (blue trend-line)? The 1D MA200 provided the earliest Support of the current Bull Cycle on the week of March 06 2023, in fact it was an excellent 'touch-and-rebound' wick. The 1W MA50 has been supporting since the March 13 2023 break-out and came closer to the price action on the week of September 11 2023. What seems even more useful/ reliable than the above, is the expected % rise after the bottom is made. As you can see, every since the November 2022 Bear Cycle bottom, Bitcoin has had 3 expansion legs, ranging from +91% to +99%. Starting from the first, each has been -4% to -5% less than the previous. As a result, assuming the 1D MA200 holds and the Handle is completed there, we can expect the next Expansion Leg to reach the $100k - $110k Target Zone. But what do you think? Which MA will hold, the 1D MA200 or 1W MA50? And what will your Target be after? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
15
Repeating Same LTF Pattern on HTF?Here's an idea I haven't seen proposed. What if we're repeating the same pattern we saw between approx 40-50k, on a higher timeframe and between 50-85k. Just like the blue pattern before it, it starts with a new high being made, then a low well above old highs, then a lower high followed by a higher low, then a higher high followed by a 2nd higher low (slightly lower than the previous higher low), finally a 3rd and significantly higher high followed be a strong lower low but still above old highs prior to the new high. Let's see if it happens again!
BNC:BLX
by dudebruhwhoa
Still in a Bull Market..180k by March 2025?From my analysis, using Fib Time, Fib Extensions, Fractals, Market Structure, and the current price action forming a bull flag, I placed my rough fractal idea over the top of the BTC chart alongside timing.. Double/Triple top could play out to finish off this cycle.. or it could be a blow off top (less likely with more capitalized markets.. 173-182k is my top target for this cycle.. though price could fall short of this.. if this plays out, then I'd expect the next market bottom to form around current prices (~57k in November 2026)
BITSTAMP:BTCUSDLong
by TheTraderAndy
Strategic Bitcoin Long Positions Amid Market FluctuationsHi everyone, so we had the dip, Bitcoin is lower, it came close to the 64,800 which was big support after the 66,200 was lost. But this is an entry for me, and I've been trying every step of the way to find support to go long. You see, once you pick a direction, it's better to keep your direction, and if you're long, stick to long positions. We've attempted many long positions, and while some went into the middle, they provided opportunities to secure some profit or at least move the stop loss at entry. This could be the big one, and the targets I see are 67,000 and 68,700, which is the top of the channel, and then 71,860, which will be the third attempt. We got rejected twice at that level, first in May and then on the 7th of June. I expect the third and crucial attempt to happen sometime this month. If that level is breached on the third attempt, we could skyrocket to 79,000 and even 80,600. Nobody said it's easy, guys. Unlike last year when we bought from 16,000-18,000 and everything went well, we now have to navigate through more complex conditions. Although the Feds haven't cut rates yet, we have eased inflation and the Ethereum ETFs coming up, providing good reasons to expect Bitcoin to go back up higher. The Nasdaq is at a new all-time high, and Bitcoin should follow. So I'll stick to the main structure and keep buying. If Bitcoin starts an epic rebound today, we could be heading towards 95,000. Again: There is support now (very close) at 65,300, which was lost and regained very quickly, making it a trade with the stop loss just below that. In the worst-case scenario, 64,800 is still support. I'm long here, and once you pick a direction, stick to it. It might be tiring, but it's essential to stay alive and be able to trade again. Spot trading is different, but for leverage trading, have a daily limit or budget in bullets. When the market fails but you see support or a good entry, buy in again and fight. We never die; we never go down, and we stick to one direction. It does work, and the analysis says Bitcoin long. That's what we do. One Love, The FXPROFESSOR 💙
BITFINEX:BTCUSDLong
by FX_Professor
2
Bitcoin: Impulse Still In Play?Bitcoin has retraced into the high 64Ks and overlapped Wave i of the minor impulse structure. Is the impulse no longer valid? I will explain, plus what to anticipate as far as bullish and bearish scenarios for the coming week. It is IMPORTANT to continuously evaluate BOTH sides of the market in order to gain a better perspective which plays a significant role in decision making. The Wave i/iv overlap is a key criteria when it come to validating impulse structure. If the structure stays intact (wave i/iv do not overlap) then it is within reason to anticipate a Wave v (test of 73K). IF Waves iv/i overlap, then Wave v becomes much less likely. In this scenario, it is more reasonable to expect the consolidation to continue which means there is a greater possibility price tests range lows like 56K or 60K areas respectively. Now, while there has been price overlap, it is NOT significant enough to really count. The overlap occurred briefly and it consisted of long candle tails. In my opinion, in order for the impulse structure to no longer be valid, price NEEDS to close significantly lower than 64K (see small blue square). Candlestick tails and swift rejection of the area can be interpreted as the impulse structure still being in play and it's within reason to anticipate Wave v developing in the coming week or two. How about the bearish scenario? At the moment there are two inside candles present (see arrow). Inside candles are typically momentum continuation patterns relative to the recent broader candle (which is bearish). A break below these candles (around 64,500 area) will likely lead to a test of the 62K to 64K area in the coming week. In this scenario, the bullish impulse is no longer valid and further consolidation becomes the reasonable expectation. How you navigate these scenarios is going to largely depend on your personal style and risk tolerance. There are always more opportunities on smaller time frames and the information that I provide here can be used to prepare for potential signals or trade ideas on these time frames. Some experience helps when it comes time to confirm such opportunities because markets are MOSTLY RANDOM. A confirmation tool like my Trade Scanner Pro shines in this area. Either way, there are 3 types of signals to recognize: continuation, random and reversal. Reversal is the easiest to spot because it begins with a predetermined support/resistance level and can be evaluated respective to the broader trend. Continuation patterns are tricky because they can be more random, and random signals you are always trying to avoid even though they can product a positive outcome. Knowing what to look for in advance helps immensely when navigating consolidating environments like the one Bitcoin is within. When it comes to skill in this game, its the ability to adjust to new information since markets are MOSTLY random. "Thinking" you know where the market will go, having opinions etc, is precisely why you will be continuously fleeced. Reject the herd mentality by first accepting that NO ONE can forecast where the market will be. They do by coincidence. Second, do your best to develop a decision making process that relies on the LEAST amount of information possible. Most of the information available at the retail level is NOT for your benefit. From there you have to identify actionable information (HINT: start with trend. support/resistance). Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
6
Bitcoin Pre-Halving bull run from Jan 2023Hello Everyone, I want to share this amazing thesis that I found on the Bitcoin chart. Everything is on the chart but I want to clear some insights about this. First of all, all Bitcoin bullish cycles have two sub-cycles: pre and post-halving sub-cycles. I believe the bottom is NOT in yet but we are close to that and it will be clear before Dec 2022 and the Pre-halving phase will begin from Jan 2023. Let's take a closer look at previous bullish cycles. The first halving event occurred on the 28th of November, 2012. Bitcoin had a pre-halving bull run from the bottom which took 378 days and it pumped more than 522%. The second halving event occurred on the 9th of July, 2016. Bitcoin had the same pre-halving bull run from the bottom which took 539 days and it pumped more than 300%. The third halving event occurred on the 11th of May, 2020. Bitcoin had almost the same pre-halving phase which took 518 days and it pumped more than 200%. During this phase, the black swan event happened which was COVID-19 crash and I ignored this because it was unexpected. According to previous bull cycles, we can conclude Bitcoin will find the bottom in Q4 2022 and from there the pre-halving phase will begin and it lasts until fourth halving on 03 May 2024 which will be almost 478-540 days from the bottom. The bottom will be somewhere between $10k and $16k, No one knows the exact price but you can start DCAing below $16k (if we get there). The post-halving phase will take Bitcoin to new territory and I think it will be somewhere between $100k and $200k in 2025. Be patient and have your own plan. Trade safe. If you found this info useful, please share it with your friends, and don't forget to hit the boost button and follow me ;) Thanks.
INDEX:BTCUSD
by ir0nhand
2
BTC: June 14th, 2024Hello dear traders. Let's cut to the chase. There's no denying that price is weak and seems in desperate need of a new narrative or momentum. Technically, price is showing weakness in the mid-range, which is in line with the POC of the range as well. Momentum h4 EMAs (12, 21) are rolling over as well. The positive thing at this point is the bullish absorption that is unfolding. In fact, it has been more or less so throughout the whole range. Apparently, a lot of bitcoins are changing hands. My thesis is in line with the context, i.e. range-bound price action. I will play the range until the break. Why the local bullish bias? We have a couple of nPOC prints above. Also, the move from sub 60K to 70K is impulsive to me, and I believe we are in the process of putting in a higher low. Plus, if you trade with the flow, the previous quarterly value area high aka pqvah is at 66K while the current quarterly vwap is creeping higher and closer to this level (Find the picture in the comments section). I usually use flow for the daily chart and mid-term bias. As long as 66K is held, my bias is bullish with a move towards the EQ highs at the top of the range. If 66K is lost with a daily candle and strength, I will look at 64K or even 62K. I try to to manage my risk, and stick to the facts. I hope you do the same, and bear in mind that this post is not financial advice, so DYOR. If you like the idea, please share and smash the like button.
COINBASE:BTCUSDLong
by Trader_Nebula
BITCOIN Failure to hold the 1D MA50 leads to $60k.Bitcoin (BTCUSD) was rejected yesterday on the 4H MA50 (blue trend-line) and that caused another pull-back that is about to test the 1D MA50 (red trend-line) once again. On Tuesday this level held and is critical to continue to do so as a breach might lead us to $60000. This is what took place on the April 08 - 19 Channel Down. It is important to note that after the bearish break-out, the price was rejected straight on the 1D MA50, which basically confirmed the continuation to 60k. We are currently on a similar Channel Down. Do you think the 1D MA50 will hold or break and push BTC to 60k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
7