Get started

Bitcoin-btcusd

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 Is the impulse no longer valid?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
$BTC price is confirming the correction?As seen on the chart, less than a month period, #bitcoin did unable to cross 72K, after 2 major declination, formed bearish double top pattern. Also in 3 months period, CRYPTOCAP:BTC formed Wyckoff' s distribution schematic and proceeding to last confirmation of the major correction. In lower time frame, #btcusd dumped from 70K to 66K heavily and lost the trend line (black line) support. Before CPI, yesterday attempted to reclaim the trend line but price heavily declined from 70K. So, #btcusdt did a bearish retest and reclaiming the trendline failed with this fake pump. If we want to see a bullish #btc , the price must reclaim 72K permanently, otherwise the next major support zone is given on the chart (the red box). Not financial advice.
by naphyse
Is Bitcoin Preparing for a Bull Run? Hello, dear friends!💙 Bitcoin has started to show a decline in price, even though other markets are experiencing growth. Despite the current price decline, Bitcoin's behavior closely mirrors the patterns observed before previous bull runs. Analyzing historical data, we can see that Bitcoin often undergoes a phase of consolidation and accumulation before significant upward movements. This phase is characterized by narrowing price ranges and reduced volatility, often forming technical patterns like triangles or flags on the charts. One of the key indicators suggesting a potential bull run is the breakout from these consolidation patterns. In the past, when Bitcoin has broken out of a well-defined triangle or flag pattern, it has often led to substantial price increases. Currently, we are observing similar behavior, where Bitcoin appears to be consolidating and forming a base of support. This base-building is crucial as it allows for the accumulation of buying pressure, which can propel prices higher when a breakout occurs. It's important to acknowledge that Bitcoin's current decline could be part of the larger consolidation phase, potentially shaking out weak hands and setting the stage for a more robust recovery. Such pullbacks are not uncommon and can often precede stronger bullish momentum as the market stabilizes and regains confidence. Moreover, market sentiment and external factors play a crucial role in the development of a bull run. Positive news, regulatory clarity, or institutional adoption can act as catalysts, driving investor confidence and increasing buying activity. With the macroeconomic environment showing signs of stability and other markets experiencing growth, Bitcoin's current consolidation phase might just be the calm before the storm. Pay attention to the price formations I've circled in yellow and pink, and notice how the price reacted afterwards. In conclusion, while Bitcoin is currently seeing a price decline, its behavior still exhibits patterns that have historically preceded bull runs. If this trend continues and we see a confirmed breakout from the current consolidation phase, it could signal the start of another significant upward movement. Investors should keep a close eye on key support and resistance levels, as well as external market factors, to position themselves advantageously for the potential bull run. Thanks for Your attention and interest in my work. Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
2
$BTC price hours before FEDAfter forming Wyckoff's distribution pattern, #bitcoin price lost the trend support and now likely to test the trendline resistance zone (formerly support). There' ll be 2 powerful technical analysis scenario: 1- This dump to 66 - 67K will be remembered just a deviation, CPI and inflation rate will be positive and #btc will reclaim the trendline. So, distribution pattern will be longed or even invalidated later. Reclaiming 69.3K will be very important. 2- #btcusdt will have a bearish retest, price declination will make the distribution pattern fully play out and #btcusdt discover a price deeper low. Not financial advice. DYOR.
by naphyse
Bitcoin is still holding at the daily support levelBitcoin is still holding at the daily support level, indicating strong buying interest and stability at this price point. We expect it to move upwards with a favorable risk-to-reward ratio, suggesting that the potential gains outweigh the risks involved. The key level to watch is the daily resistance at $70,500, which Bitcoin aims to break. ------------------------------------------- This week is a crucial one for Bitcoin. Wednesday: CPI index will be released. Thursday: Federal fund rate announcement. A significant volume of trades is awaiting these decisions. Currently, the price is moving close to the 2020 ATH (All-Time High). If the news is positive, the price could reach the high liquidity zone of $74,000 and potentially $80,000, where a substantial amount of liquidity ($10 billion) has accumulated.
by MonoCoinSignal
Bitcoin 2020 vs 2024Hello, me dear-dear friends! Today, I have prepared a comparison chart of Bitcoin's price formation in 2020 and 2024 for You. We can see a very interesting pattern on the chart! Specifically, after forming a triangle, the price broke upwards and then halted its ascent, starting to accumulate right at the support level. That's an excellent signal, in my opinion.🚀 In the near future, we might see either reduced volatility in the market or a sharp upward surge, depending on market sentiment!🤞 Yesterday's chart is also useful, and I highly recommend You check it out :) Thanks for Your attention and interest in my work🫶 Sincerely Yours, Kateryna
BINANCE:BTCUSDLong
by RocketBomb
4
Bitcoin's Impressive Trajectory and the Road to $100,000Over the past 15 years, Bitcoin has consistently exceeded projections and expectations. In just over a decade, its value has surged from mere pennies per coin to over $50,000 by 2021, capturing global attention. As of June 2024, Bitcoin's price hovers around $70,000, with the next major milestone being the highly anticipated six-figure mark. While reaching $100,000 may seem ambitious, historical trends suggest it's increasingly likely. The pressing question remains: When will Bitcoin surpass the $100,000 threshold? Could it happen in 2024? Any prediction regarding Bitcoin's future is inherently speculative, but such speculation encourages us to evaluate long-term developments in the investment landscape. To forecast Bitcoin's performance, it's crucial to consider trends related to its halving events. A halving is a pre-programmed occurrence approximately every four years that halves the reward for mining new blocks, forming the basis of Bitcoin's monetary policy. This mechanism decreases the rate at which new bitcoins are created over time, contributing to its scarcity and historically driving price appreciation. Bitcoin's most recent halving in April 2024 reduced its inflation rate to just 0.85%. Examining previous halvings reveals that Bitcoin's price typically increases by around 125% in the year of a halving. Starting from a price of $44,000 at the beginning of 2024, a 125% increase would place Bitcoin at $99,000. If this halving has a similar impact as previous ones, Bitcoin should be close to the $100,000 mark in 2024. However, there's another variable to consider that could boost Bitcoin beyond this threshold: the introduction of spot Bitcoin ETFs. Historically, Bitcoin's rise was driven mainly by retail investors. With the advent of spot Bitcoin ETFs, institutional investors can now accumulate Bitcoin without regulatory or custodial concerns. This new vehicle for Bitcoin exposure is already making an impact. In February, ETFs were purchasing Bitcoin at a rate 10 times the daily production rate, pushing its price to a new all-time high. Although the buying rate has cooled, it’s likely just the beginning. If buying resumes at those levels post-halving, ETFs would outpace Bitcoin's daily supply by 20 times. 2024 is shaping up to be the year Bitcoin could reach $100,000. With its price around $70,500 today, this represents a potential 40% gain. However, it’s important to note that Bitcoin often sees its most significant gains in the year following a halving. Historically, Bitcoin has soared by more than 400% on average in the post-halving year. If Bitcoin doesn't reach $100,000 in 2024, 2025 remains a strong possibility. Whether it happens this year or next, ongoing halvings, increasing adoption, and institutional involvement make a compelling case for Bitcoin to continue surprising us for years to come.
COINBASE:BTCUSDLong
by FOREXN1
1