A Mid Term Strategy for $BTC A probable strategy for corrections and impulsive moves of #bitcoin #btc in 2024.
Not financial advice.
Bitcoin-btcusd
✅BITCOIN LONG FROM SUPPORT🚀
✅BITCOIN is going down now
But a strong support level is ahead at 60k$
Thus I am expecting a rebound
And a move up towards the target at 64.2k$
LONG🚀
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BTC's Path to $79,500 Post-Halving🚀 Breakthrough the Resistance: BTC's Path to $79,500 Post-Halving 💥
Hey Traders,
The FXPROFESSOR is back, analyzing charts and bringing you the latest scoop from the crypto world. After an eventful time at the Dubai expo, it's time to dive back into the world of Bitcoin, especially post-halving.
We've experienced a dip, partly influenced by the global geopolitical landscape, but it's crucial to focus on what lies ahead. My steadfast analysis, dating back to February 2023, still eyes that $79,500 level as the key resistance to beat.
Right now, we’re eyeing an important mark on the chart: the ascending channel, which is currently posing resistance at approximately $68,430. Should Bitcoin break back into this channel, we're looking at interim resistance around $76,360, paving the way to our major target.
But let's not rush. Understanding the halving's implications is essential. Typically, Bitcoin's halving events tighten the currency's supply, often resulting in bullish outcomes (Coinbase) (Crypto.com). However, the context for each halving is unique, and the most recent one unfolds amidst a complex backdrop of market ETFs and global events (Bitpowr).
Remember, the journey to $79,500 isn't just a number—it's about charting the course through each resistance level. Let's navigate these waves with precision and patience.
For a deeper understanding of Bitcoin’s trajectory and the impact of halving events, explore the rich analysis available across several articles from leading crypto resources (links below).
Stay tuned as we decode the signals and carve a path to our peak resistance. Take it one step at a time and let the market dynamics after the halving lead the way.
One Love,
The FXPROFESSOR 💙
Links:
www.theguardian.com
www.forbes.com
www.coindesk.com
www.cnbc.com
www.forbes.com
BTC 2 Day Blood DiamondThe BTC 2 Day just printed a Blood Diamond on Cryptovac A. The last time we saw this happen was back here, and it ended in a 51% correction. Beware the possibility of a sharp correction here, make sure you don't leave yourself exposed or over-leveraged
BITCOIN Bollinger Squeeze attracting Bulls for 100k and above!Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call.
The trend since the November 2022 bottom has been parabolic (green parabola) and thus is most efficiently displayed by the use of the Fibonacci Channel extension levels. After breaking above the 1.0 Fib on the February 12 2024 candle, the recent All Time High (ATH) in mid March 2024 broke even above the 1.5 Fib. Technically on the new Bullish Leg that is about to start after the current squeeze attracts as many buyers as possible, we should reach at least (most likely even break it) the 2.0 Fib.
$110000 is a very realistic target under these conditions and we shouldn't neglect to mention also the BB Width (BBW) consolidating on its bottom, which again is related to high bullish activity and accumulation when performed on the BB green line.
But what do you think? Is this squeeze about to make bulls accumulate and break aggressively to the upside? Feel free to let us know in the comments section below!
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Potential bearish breakoutBitcoin (BTC/USD) has made a bearish reaction through the pivot. Could this crypto-currency potentially extend the downtrend towards the 1st support?
Pivot: 63,619.63
1st Support: 61,279.08
1st Resistance: 66,857.22
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.
Bitcoin: 60K Test Or Higher Low?Bitcoin has retraced but not back to the 60K major support which I wrote about in my previous article. Instead, it is in the process of establishing a higher low along with a bullish pin bar (see arrow). The current candle has taken out the high of the pin bar which can be interpreted as a signal for a swing trade long. IF momentum takes hold, it is within reason for price to test the 69K area resistance in the coming week (see illustration on chart). The key to capturing such a move is to WAIT for the current candle to close to effectively measure risk.
What IF the current candle does not follow through? That scenario can be interpreted as a continuation of the corrective structure means the 60K support test is still possible. As I regularly remind my followers, this is NOT a game of forecasting the future, it is about identifying possibilities and WAITING for the market to confirm which path IT wants to take. Markets are HIGHLY random which means scenarios on both sides of the market should always be considered.
In terms of the bigger picture, as long as price stays above 60K, it maintains a broader bullish consolidation. This price structure serves as a higher low which means there is a greater probability of a higher high to follow in the coming months (break of 73K?). A greater chance does NOT equate to a guarantee or a high degree of certainty. This is why RISK must always be measured carefully.
How do we define risk? Using the current bullish setup as an example, one way to measure risk is to consider the pin bar low at 62,405. IF price takes this out and closes below it, the swing trade long idea is cancelled out. IF you are long from the 63,905 entry (pin bar high) then you are looking at approximately 1500 points of risk. You then have to consider this amount relative to your account size. For example if you have a 10K account, and you buy the equivalent of 1 coin, you are looking at 15% risk which is TOO HIGH for one trade. Typical risk should be around 2% per trade which means you should be risking ONLY $200 on 10K. You have to adjust your position size so that if you get stopped out at 1500 points, you only lose $200. Which for this example would be something like .125 of a coin.
Risk can be gauged on many magnitudes and another thing to keep in mind is the risk on the monthly time frame. IF the 60K range low breaks some time next month for example that can signal a broader correction is likely to follow. Such a move can lead to a test of the low 50Ks which would be more attractive levels for investing. Again this is NOT something to "think" is going to happen, the market NEEDS to prove itself one way or the other. This time frame expresses a TON of risk for those who are investing heavily at current levels.
When we first enter this game, we usually come with a lot of preconceived notions, "logic" and warped expectations as a result of consuming too much internet propaganda. When your emotions mix with this misinformation it is a recipe for the herd mentality. When you react to everything you see and hear, you are being motivated by greed and fear which means your outcomes will be no better than random. To start on the right path, tune out everything else and focus on learning how to assess RISK using technical analysis. If anything you will at least improve your ability to preserve your capital for when better opportunities appear.
Thank you for considering my analysis and perspective.
$BTC dominance will rocket#btc #bitcoin dominance is like a bow. Falling wedge will likely play out as a hard pump of #BTCD index. I don't mean price of #btc or #usdt pump, but #bitcoin will more likely to overperform #altcoins
Not financial advice.
04/27/2024 - Watchlist, Stocks, Crypto - Video Idea - TA ChartsWatchlist, Stocks Indexes, Bitcoin, Crypto TA Charts by @NoFomoCharts
00:25 Watchlist and News
02:05 Stock Indexes
06:22 Crypto, Bitcoin, Altcoins
Watchlist, SPY, QQQ, DIA, IWM.
TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt, XRP/usdt.
04/27/2024, 08:00PM EST Video Idea.
Technical Analysis & Educational Chart Videos.
Follow, Comment, Boost, or Cheer to support. Thank you!
All content is Not financial advice.
Bitcoin a new bottom has been found 63290I've been following Bitcoin on daily chart and lower timeframes. Price doesn't want to go down that much. It's clear to me that 63290 is the bottom and you can buy Bitcoin here and follow the uptrend to 500k and beyond.
Rebound for crypto?Bitcoin (BTC/USD) has made a bullish bounce off the pivot. Could this crypto-currency potentially rise towards the 1st resistance?
Pivot: 63,619.63
1st Support: 61,163.87
1st Resistance: 66,857.22
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.
BTC Analysis, Chart is speaking itself !!!
✅LONGTERAM Road map of Bitcoin🍻
🌟The Bitcoin is in a Bullish phase by ⤵️⤵️
➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern!
➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!!
➡️the price now is making a pullback to the bottom of the descending triangle (which is shown in the picture) if the price breaks that important level we shall see a lot of increase in the price!
➡️A inverse head and shoulders pattern means a great bullish trend on the horizon (AB=CD).
➡️also Broadening Wedge it is another bullish sign.
🌟 Bullish signals are:
-Head&Shoulder.
-Broadening Wedge.
- falling Wegde.
-This is Longterm Analysis!!!
-5th waves
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
BITCOIN - Cycle Status 2021/2022 From the Fib. development we could see something like that in the future. We sure did have confirmation on the 4th wave, so, the question is, where does the 5th wave end, and how long it will take to get there.
Below you can see the development at key moments.
Re-Cyle Reset 2019
W-Shape Bottom 2020
Halving 2020
Playground 2020/21
Bullrun 2020/21 confirmed
BTCUSDTBitcoin analysis in 1 hour time frame
Based on the analysis, Bitcoin can be expected to pull back to the breakout zone and continue to fall.
BTC - 1H fall possibilityBitcoin's challenge with the resistance zone is evident; it's yet to muster the strength to break through.
Presently, I'm anticipating a potential decline. Keep an eye on this space for updates.
$BTC bearish continuation#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term.
Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s nice liquidations there.
If #btcusd price follows this path, #altcoins will surely suffer more. When most of #altcoin prices retraces to their retest zone of 2023 October - 2024 march bull run, then i expect very favorable bounces from #alts there. We may see a minor #altseason when this happens. But i say "minor".
Not financial advice. DYOR.
✏️ Weekly Report: Weak Bounce & Weak $META MARKET OVERVIEW
A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses.
Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in afterhours trading.
Let’s start the charts with Nasdaq-100 above (QQQ)
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NASDAQ:META
NASDAQ:SMTC
Constructive pattern. Closed just above the $33 buy point, however I would like to see more volume pick up from here.
NASDAQ:MSFT
The stock needs strong earnings today to get past $431 would be a place to open a position. However, slicing through the support level at $395 is a sell short point for aggressive traders
GOOGL
Massive weekly Cup with Handle base. Earnings are coming today. Technical buy place is $160.25 if earnings are good and we have good volume.
NASDAQ:KLAC
This company reports earnings tomorrow. A move above the $687 is a buy point. However, weak earnings below $680 is a logical short.
NASDAQ:NVDA
Bounced to the 50D SMA (red) and turned down. Aggressive play for the intraday traders is a move over the $880 on a strong volume.
NYSE:GS
GS is just a little bit extended over the proper buy point. If the market starts rallying this could be a good short trade. I would be extra tight with stops here (around $414 level) if I was to play this.
BINANCE:BTCUSD
Bitcoin is performing a tight pivot. Over the blue line is a technical buy point (if we have good volume too)
BITCOIN This is where historically the fun begins.Bitcoin (BTCUSD) has successfully tested and held the Mayer Multiple (MM) Mean (red trend-line) and is now consolidating. As you can see by the green arrows, this is the point where historically the most aggressive part of the Bull Cycle begins, as even in the occasions where the MM Mean broke marginally (July 2013), the rebound that followed was even more impressive and strong.
We can actually get a progression out of those sequences as if we measure the Fibonacci extensions from the MM Mean's Low and the High before it, we can see that Cycle 1 peaked marginally above Fib 2.0, Cycle 2 was +2 Cycle 1's Fib i.e. 4.0 and Cycle 3 was +2 Cycle 2's Fib i.e. 6.0. We can assume, of course always with the relative degree of uncertainty that Cycle 4 might be +2 Fib more of Cycle 3's Fib i.e. 6.0 + 2.0 = 8.0.
Unrealistic or not, that gives us a $300000 projection and is undeniably technical as those are the exact High-to-Low measurements at the time it touched the MM Mean.
But what do you think? Is it possible for BTC to peak at such a high level on this Cycle? Feel free to let us know in the comments section below!
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ETHEREUM → Consolidation continues. The market is waiting for...BINANCE:ETHUSD is declining following BTC on the back of the crisis in the Middle East, but the price still has not left the sideways range and even more so has not passed through the risk zones, which still leaves the coin in a favorable prospective area
Ethereum is trading in a bullish plane, above the previously broken resistance of the upward range, which tells us that the market is in a bullish trend phase forming a retest of support as part of a counter-trend correction.
The entire cryptocurrency market is standing still in anticipation of a bitcoin halving, which could happen in 3 days. How the market will react is unknown, there is a high probability to see a long-slide before further growth or growth at once.
Resistance levels: 3200, 3730
Support levels: 2910, 2850, Channel Border
Technically, another retest of the support is possible, but we should wait for the formation of a reversal pattern relative to the lower levels in order to catch the growth. Or we should pay attention to 3200 and wait for the formation of a pre-breakout setup and trade the breakdown of resistance.
Regards R. Linda!
BITCOIN → Continued consolidation before a strong move BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving.
(April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?)
The false break of resistance and 8.5% retracement indicates that the coin is not ready to go up yet, but at the same time it is not ready to go down, as indicated by the MA-50 retest and the candlestick pattern, which can be interpreted as the activity of strong buyers protecting the market from falling. On W1 we see a strong growth, which gradually turns into consolidation and does not give any correction or technical pullbacks - this indicates the strength of the market, the bulls are watching the price and continue to stand in their bullish stand in order to throw the price even higher.
Resistance levels: 71572, 73679
Support levels: 0.236 fibo, 64545, 61447
After the resistance retest, the market may be interested in the lower zones from the liquidity point of view. Bulls are actively defending them and holding the price, but before halving the price may try to drive it lower in order to liquidate traders and accumulate potential before further strong price movement
CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2
Regards R. Linda!
Rising Wedge on 4 HourAs BTC trends up these past few days, it has formed this bearish ascending wedge on the 4 hour. It is something we should be tracking as we get nearer to a break down.
Stew
Approaching resistance at 61.8% Fibonacci retracementBitcoin (BTC/USD) is rising towards the pivot which has been identified as a pullback resistance. Could this crypto-currency stall around this level before potentially reversing to drop towards the 1st support?
Pivot: 67,959.86
1st Support: 64,549.56
1st Resistance: 71,123.59
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.
BITCOIN BUY TO $77,500 (UPDATE)📉Bitcoin buy position running 220 PIPS in profit since I posted this analysis. Nice move up so far, with much more expected towards a new all time high!
