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Bitcoin-btcusd

BITCOIN - My Thoughts On This Price Action Plus More...When I take my time to compose my posts, it typically indicates that I'm engaged in background analysis. Through experience, I've come to understand that when one's mind is solely focused on trading, important factors can be overlooked. Instead, I've adopted a habit of conducting thorough analysis. Currently, I've identified a potential long-term count for Bitcoin that suggests we may be at a peak. In presenting this perspective, I offer various clues to support this notion. However, the most significant indicator is the prevailing pattern at the market highs, which indicates a probable downward movement in price. Ultimately, the decision to act on this analysis hinges on one's trading strategy and risk management approach. While certainty is elusive in trading, the observable price action at the highs provides compelling evidence to consider a short position. After reviewing the accompanying video and examining the evidence presented, I invite you to share your thoughts by leaving a comment below.
Short
by AriasWave
1
Bitcoin Counter WickoffEverything is in Graph. if you don't know about Wickoff Strategy, i invite you to DYOR it. - i will try to explain you how to counter Whales/institutionals as small retails investors - of course this method can be adjusted with your portofolio, i just made it very simple to make peoples understand how to invest wisely. - This Chart is based on the Money you don't need for living! - if you use this method correctly and adapt it to your portofolio, you will always restart a new cycle with more money. - if you look at the chart closely, you will understand that i didn't use higher points to take profits and keep always 10,000$ in Market, so this chart is based on human mistakes and not much greed. ----------------------------------------------------------------------------------------------------------------------------- - in this method we starts with 10,000$ invest as exemple. - Take profits 2 Times, keep base investment in market ( because we don't know the real potential Top ). ----------------------------------------------------------------------------------------------------------------------------- - The Second Phase is waiting for the Dip and buying back - Re-inject Money 3 Times in the Dip and Wait for market recovery phase ( because we don't know the real potential Bottom ) ----------------------------------------------------------------------------------------------------------------------------- - if the bottom was a mistake and BTC fall down more. - just invest slowly what you don't need for living and be patient, BTC is fundamentally poised to go up. ----------------------------------------------------------------------------------------------------------------------------- - This method can be done with 10$ - 100$ - 1000$, no matter money because everything is based % invest and Time. - Remember that your management is the most important, if you don't manage your money correctly, Tears will come. "You have to believe that you are the one who creates your success and also that you are the one who creates your mediocrity". Happy Tr4Ding !
by thecryer
4
In limboBitcoin (BTC/USD) is likely to extend its current sideways price action, fluctuating between the 1st resistance and the 1st support. Support: 61,521.91 Resistance: 71,672.15 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSD
by ICmarkets
Is Crypto Winter coming to an end? 🐬💰💰Happy June everyone, We wish you and your families a nice summer. As we welcome the onset of summer this June, Bitcoin enthusiasts prepare to navigate the ever-fluctuating landscape of cryptocurrency. The arrival of summer often ushers in heightened Bitcoin trading volumes and increased market volatility, making June a potential hotspot for action in the crypto realm. Just as the summer sun radiates optimism, so too does this season seem to fuel bullish sentiment in the Bitcoin market. Yet, akin to a sudden summer storm, the volatile nature of Bitcoin is ever-present. Now let's look at the chart: 🌌The 'Flux Corridor Investors must ready themselves to adeptly traverse the 'Flux Corridor,' the notorious 28K-40K range. With June setting the stage, the season for critical observation, strategic planning, and potential growth in the Bitcoin world has begun. April's attempt to enter the Flux Corridor was incomplete as the price got a rejection at 31k and lies on support at 25,500. Will the debt ceiling rise decision in the US offer the price a boost into the 28k-40k range? This remains to be seen. 🐬The 'Summer Line' An ascending trend line with biennial significance in the Bitcoin landscape, has served as both Support (S) and Resistance (R) in the heat of every other past summers. In June 2019, it proved a formidable resistance, while by July 2021, it transformed into supportive ground. Intriguingly, if this pattern maintains its rhythm into the current summer, the Bitcoin price would need to ascend to approximately 42,000. This level not only perpetuates the 'Summer Line' narrative but also marks the upper boundary of the dynamic 'Flux Corridor', enhancing its importance in the ever-volatile journey of Bitcoin trading. 🌅⛵ From Mid-Wave Peak to Halving The ebb and flow of Bitcoin's market, much like the rhythmic dance of summer's ocean, is punctuated by significant events that we've marked as dolphins 🐬 and waves 🌊 on our chart. The dolphins represent Bitcoin's halving dates, marked with striking orange lines that symbolize significant turning points in Bitcoin's journey. These dates are critical, often ushering in shifts in the cryptocurrency’s value. Between these halvings, in periods painted cyan, we find the waves. These interim stages signify periods away from halving, where the price navigates through varying levels of volatility. As we observe Bitcoin's price fluidly moving from cyan to orange, it weaves a captivating narrative of transition and transformation within the cryptocurrency seascape. The chart serves as a visual beacon, guiding us through the dynamic currents of Bitcoin's market trends. Will the support stand at 25k and the Bitcoin temperature can rise or is the winter not over? One Love, The FXPROFESSOR 🗺️ ps. SEC starts the month with FUD attacks and historically those tend to be great times to buy:
Long
by FX_Professor
32
Bitcoin Bullish Cypher & Monthly Bull Div: Is This The Bottom?Since November 2021, the entire crypto market has been in turmoil, wiping out over 2 Trillion Dollars from the market valuation, fallout of high profile coins like TerraLuna, weakness in stablecoins, and an untold amount of scamcoins collapsing everyday, many are wondering when the pain & suffering will finally end, fortunately i believe that with Bitcoin at least the bear market might be wrapping up & is now in the earliest stages of the next bull cycle and here are a few major reasons why: 1. The break below 2017's all time highs around 19k was more than likely a fakeout to trap a lot of late shorts, resulting in the swift recovery we've seen in recent days due to a short squeeze. 2. For the longest time now a target of 18-20K was possible as bitcoin was in the mist of creating a Bullish Cypher Pattern, and the weekend dump finally allowed it to get to the PCZ. 3. Just like how Bitcoin had massive amounts of bearish divergence on the monthly timescale throughout 2021 before this recent bear market, it's now beginning to show signs of Bullish Divergence on both RSI and MACD as the price is making a significant higher low since March 2020's low of $3800. With all of this in mind, while there is still some fear, uncertainty & doubt aka FUD lingering in the cryptosphere, there is no doubt in my mind that Bitcoin is a lot more resilient than most people realize, and it'll be one of the first to rebound the quickest, with only 21 million coins where none can destroyed nor can a single additional coin be created, with a fairly stablized ecosystem, and slowly yet surely catching up to the competition with new upgrades, it's going to survive for decades to come, and this will be one of it's biggest tests yet of it's survival.
INDEX:BTCUSDLong
by CryptoGuy234
2
Bitcoin to $1,000,000, This is It. (Breakdown Explained) Well here we are, no recession? no rate hikes? what's going on?. The currency collapse is imminent that's what is going on while majority wait for a recession. No reserve currency has ever survived going past 121% Government Debt to GDP (what about USA in ww2?, this was the start of parabolic technology growth + decrease in spending + war debt repressions (forced). Government Debt + Interest will collapse the currency faster if the FED raises interest rates so this is not a possible outcome unless you want to roll the dice. CPI + Inflation has barely been tamed, FED balance sheet failed to reduce + BTFP. SPY (priced in USM2) has started a new bubble breakout (yes meaning it has just started). Japan raising interest rates means the carry trade is closing (people sell the US Bonds they bought with cheap JPY) adding artificial pressure on the US10Y market. FED raising rates at 121% Government Debt to GDP will send it to 200% faster than you can imagine, a recession? forget it can't be allowed to happen. Theory breakdown what happens next? FED unable to raise rates will start to introduce confidence lost in the dollar that will trigger loss in confidence in US bonds that will require YCC like WW2. When the USA has done this before it equated to the FED needing to get rates back to zero. The FED has an objective to save the US dollar above all means necessary, raising rates in a situation like this on paper makes sense but leads to to a accelerated debt cycle collapse. Jerome Powell's only option was to raise rates fast as possible strengthening the DXY as much as they can flowing all capital globally back into the dollar for risk management. Jerome Powell now must cut rates back to zero and initiate YCC on the US bond market, reinitiate Quantitative Easing to avoid any recession backstopping every market. Inflation must be allowed to run near 20%-100%. Large capital will see this event unfolding and run into assets like Bitcoin & Gold, we already see this and should understand why Spot ETF's and leverage ETF's were rushed to the market pre cuts. If the US bond market fails, global capitalism as we know it today fails. If my thesis was invalidated Jerome Powell would have started multiple more rate hike since I first mentioned this back in late 2023.
ECONOMICS:USCPILong
by FederalXBT
BTC at $70K: Break or Bounce?Reviewing Bitcoin's journey since 2020 , the trajectory has been predominantly upward on the weekly timeframe, depicting a strong bullish trend. In the first notable instance, Bitcoin reached an all-time high of around $64,000 in April 2021. This was surpassed by another high of approximately $69,000 in November 2021. Following this, the price underwent a correction, finding a bottom near $16,000 in November 2022. In the most recent developments, Bitcoin achieved a new all-time high close to $74,000 two weeks ago. Since then, a correction has occurred, bringing the price down to around $61,000, before it partially recovered to its current level of $68,880. Observations indicate a solid resistance near the $70,000 mark, and the price is trending within an ascending channel. Two significant support levels are identified at around $51,000 and $42,000, which have historically been points where the price showed considerable interaction. The price is currently near the upper Bollinger Band, suggesting a heightened level of market enthusiasm. This could potentially signal an upcoming period of consolidation or a minor pullback if the market perceives the asset as overvalued in the short term. The traded volume is substantial at 133K BTC. A high trading volume in the context of an upward price movement typically confirms the existing trend. The current price is well above the SMA of 59,000, indicating that the long-term trend remains bullish. The Stoch values (%K at 86.11 and %D at 84.06) are in the overbought territory. This could hint at the potential for a price correction if buyers begin to take profits. An RSI at 84.64 also suggests overbought conditions, reinforcing the possibility that the current bullish momentum might pause for the market to catch its breath. The positive histogram value along with a MACD line well above the signal line denotes strong bullish momentum. This is indicative of sustained buyer interest. In summary, the market's current sentiment is bullish, reinforced by technical indicators pointing towards a sustained upward movement. However, with the RSI and Stochastic Oscillator indicating overbought conditions, there's potential for short-term retracements. These could be viewed as natural market corrections within an overall upward trend. Despite the optimistic signals, the principle of caution remains paramount. The market has historically shown that resistance and support levels are critical junctures, and the areas identified at $70,000, $51,000, and $42,000 will be key to watch in the coming weeks. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
2
BTC on the way down to $62 000?Hello, dear friends!😊 Many of Yo are wondering if the Bitcoin correction is over. In my opinion - no, the correction could be deeper! ⚡️BUT! This is not a reason for concern; on the contrary, the price will take a breather for further growth.🚀 People are panicking, saying "Should I sell?😱" If you're not a short-term trader, selling now doesn't make any sense. If you want to make a medium-term trade, you should be buying the entire correction, as this way you will average out your purchase price! I think the price could drop all the way down to $62,400, and then we'll see how the price forms!💡 On today's chart, I provided an example of Bitcoin price behavior as various fractals, which often repeat!🔥 I would love to hear Your thoughts. 🫶How is Your trading going right now? What trades are You more interested in (short-term or medium-term)? 😊Let's get to know each other better! There are so many new faces, and we don't know each other at all :) You can always ask me any question; I'm always happy to answer, whether it's trading-related or not.😉 Thanks for Your attention,🫶 Always sincerely with You, Kateryna💙💛
BITSTAMP:BTCUSDShort
by RocketBomb
15
Bitcoin and Triple Top Pattern 💥Hi, friends!😊 A few days ago, Bitcoin's price action strongly resembled a double top, but today it looks more like a triple top. It sounds like a joke, but no, let's discuss what the triple top pattern is.🧐 Triple Top Pattern is a popular chart pattern used in technical analysis to identify potential trend reversals in financial markets. By the end, you will have a solid understanding of this chart pattern and be equipped to make informed trading decisions. Spotting The Triple Top Pattern 🔺🔺🔺 Spotting the Triple Top Pattern requires carefully observing price action and chart patterns. Traders often use technical tools like trendlines, support, resistance levels, and oscillators to identify this pattern. The following steps outline a fundamental approach to spotting the Triple Top Pattern: Identify an extended uptrend in the price chart. Look for three consecutive peaks that are relatively equal in height and form a horizontal or slightly downward-sloping resistance level. Confirm the pattern by observing two minor pullbacks between the peaks. Analyze trading volume during the formation of the pattern. Decreasing volume can indicate a loss of buying interest. Here are a few key points to keep in mind when trading this pattern: Entry Strategy: Traders often wait for the price to break below the support level, confirming the pattern’s completion. This breakdown serves as a signal to enter short positions. Stop-Loss Placement: Placing a stop-loss order above the resistance level can help limit potential losses if the pattern fails and the price rises. Take-Profit Levels: Traders can set take-profit levels by measuring the pattern’s height and projecting it down from the breakout point. Additionally, support levels or previous swing lows can serve as potential targets. In conclusion, the Triple Top Pattern is a powerful tool in technical analysis that helps identify potential trend reversals in financial markets. By understanding its definition, working mechanism, spotting techniques, and trading strategies, traders can gain an edge in their decision-making process. However, combining the Triple Top Pattern with other technical indicators and performing a thorough analysis before making trading decisions is essential. Always manage risk effectively and adapt your approach based on market conditions. If You like what I do for You, support me with a 🚀 , subscribe to the channel, and stay with me! Thanks for Your attention🙏 Always sincerely with You💙💛 Your Kateryna💋
BINANCE:BTCUSDShort
by RocketBomb
3
BINANCE - Back Down To 200... Yes yes, we know... this is rather a glum view of the market BUT, we'd rather be open to every possibility so that we're not taken by surprise. According to Elliott Wave Theory, it's often the case that if Wave 2 is a simple correction, wave 4 turns out to be a complex correction. This seems to be what we're seeing right now. Wave 2 was a simple ABC correction and now wave 4 appears to be a flat (or maybe a zigzag correction). If we pierce the highs, it's likely it's a flat correction. If we stay below the highs, it may be a zigzag. For confirmation that we're moving towards the 200 mark, we'll be watching for the break of the red trendline to indicate that bears have stepped in. It'll be a no brainer to buy around the 200 mark as we're expecting the next wave to reach above 1k! Goodluck and as always, trade safe!
BINANCE:BNBUSD
by WicktatorFX
3
BITCOIN hit a record 7 straight green months! NOT APRIL FOOL'S !Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row. What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved into a record breaking sequence. In fact, Bitcoin has only had 3 red months in the past 15, which makes the feat even more impressive! Being the lengthiest such bullish sequence in history, doesn't mean that the rally is over. In fact, we can argue that it has only just begun as based on the 1M RSI, which is trading within the 0.786 - 0.618 Fibonacci Channel range, we are on symmetrical terms relative to past Bull Cycles, where the price was on November 2020, February 2017 and February 2013. We can see that this is an impressive symmetry, and shows that we are at a point far from the cyclical peak. The previous 3 Cycles topped 12, 10 and 10 months from that RSI position respectively. If this continues, we can expect Bitcoin to rally for at least another 10 months before the Cycle peaks and the RSI approaches the Channel Top where we can gradually start taking profit! But what do you think? Does this impressive 7-month bullish streak still have at least 10-month fuel in it? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSDLong
by TradingShot
14
Bitcoin: 73K Break Or Fake?Bitcoin continues to flirt with the 70K resistance zone (blue rectangle on chart) and has followed the first leg of my previous chart illustration. With the halving coming very soon, there continues to be over exaggerated claims of Bitcoin "going to 100K by next month" nonsense. Again stop listening to people, LISTEN TO PRICE. Let me explain some scenarios to watch for this week. First, realize that my analysis and perspective is for the short term trader. NOT the investor. My time horizon for my articles is typically 1 to 2 WEEKS out. If you are an investor wondering if you should invest, this analysis will not be helpful. As a quick note, when prices are flirting with all time highs, and looks its best, it is usually NOT a good time to be investing, especially with leveraged products. As for scenarios for this week: you will notice an arrow pointing to the previous all time high and a blue rectangle between 73,500 and 76,500 AREAs. This is the high probability bearish reversal zone of fake out zone. If Bitcoin is going to fake out, this area is where it is most likely to begin. Watch for bearish pin bars, bearish engulfing candles, etc on the larger time frames. Keep in mind if price is pushing into the 76K area, it is going to get a LOT of attention by the hype machine. Meanwhile these are highly vulnerable prices for longs. IF price retraces from this area, it can still considered a B wave, and can find support in the 64K to 60K support areas. I would NOT be overly bearish in this scenario, it is more likely to consolidate recent gains rather than become a "bear market". Markets are NOT binary nor are they simple. Many forces are in play simultaneously and it would take a major catalyst to surprise the market in order to initiate a "bear market" or a broader correction. As of now, there is a new swing trade long signal in effect from the 70,500 area. Since it is appearing inside a resistance zone, it is less than ideal and carries greater risk. This could be the beginning of the push the 73K test and fake out scenario I just described. In situations like this, (trend continuation signals at unattractive prices) it is best to work on smaller time frames in order to compensate for the greater risk. Day and swing trades that carry LOW expectations. Like a push into the 71.5 or 72K area is within reason for these type of strategies. Expecting 80K, etc. is much less reasonable in terms of probability. Another important thing to note: similar to the reversal zone from 73,5 to 76.5, there is a larger magnitude zone (not on this chart) that spans as high as 83K. Which means over the next few MONTHS, Bitcoin can probe this area before a broader correction ensues. IF we see this, the mega internet hype can be relentless and strongly placate to your GREED. Make sure to understand, markets move in CYCLES not straight lines. IF a correction begins from this larger magnitude fake out zone, it will likely be steeper and longer than most expect. I am not being bearish or pessimistic, I am simply pointing out the potential risk. I understand how many can get frustrated with my warnings and claim that it costs "money" by missing out on greater valuations. This feeling is rooted in greed and all I can say is the market is a much more expensive educator than I am. Missing out has to do with how willing you are to take risk, and I learned the hard way that the key to this game is taking SMALL risks and is the position that I write from. There is no way to know where the market will be in the future, all we can do is MEASURE the potential and the RISK. From there only only you can decide how to go about participating. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
27
FILUSDT → Pre-breakdown consolidation. Prepare for growth by 50%BINANCE:FILUSDT is still in the bearish trend phase and is squeezed under the global trend resistance against which a pattern is forming that could turn the market. Lately, the coin has been building volume and increasing liquidity, but it is still trading under the pressure of resistance. A symmetrical triangle is forming relative to this line on H4, a break of which resistance is capable of breaking the global trend. Why can the resistance of this figure be broken? Because a pre-breakout consolidation is formed relative to this boundary and the market starts to go beyond it. Resistance levels: 9.543 Support levels: 8.994 Resistance at 9.543 currently restrains the market from realizing the accumulated potential. But the overall setup hints at the readiness to break this area, which will start forming an upward momentum. Targets in this case could be 11.780 and 14.43 BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
17
Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion... We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction. It may happen, may not happen. If it happens, you know what to look for! For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline. See below to see where we are in the Elliott Wave schematic. What do you guys think? Goodluck and as always, trade safe!
BINANCE:SOLUSD
by WicktatorFX
21
BITCOIN immediate target is 78k based on this SPX fractal.Bitcoin (BTCUSD) is currently repeating on its 4H time-frame a fractal of S&P500 (SPX) on its 1W time-frame. As BTC is pulling back towards the 4H MA50 (blue trend-line) and a Bullish Cross is about to be formed, the symmetric development on the S&P500 fractal indicates that this Bullish Cross should be treated as a Buy Signal. On S&P500 it started the aggressive rally that the market is currently still on. As you can see, both fractals started with a Bearish Megaphone after their respective tops, hit and held their MA200 (orange trend-line), while a MA50/ MA100 Bearish Cross marked the Bottom. The Channel Up that emerged led the recovery. From an RSI perspective a similar Channel Up took both to the overbought territory after an oversold Double Bottom, which was an additional Buy Signal. As a result, for BTC we are now on the 0.786 rejection phase and after this pull-back is completed, the S&P500 fractal suggests that the target should be just shy off the 1.382 Fibonacci extension. We therefore have $78000 as our immediate Target. Do you think it can be achieved on such a short period of time? 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:BTCUSDLong
by TradingShot
3
DOGE - Following BTC FRACTAL?🚀📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Doge has been very profitable so far. Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): As BTC trades sideways/rage, we can expect to see altcoins play catch-up. From a correction perspective, this was the drawback for each coin during the corrective wave: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:DOGEUSDT COINBASE:BTCUSD
Long
by CryptoCheck-
2